2017-09-29T15:34:24-05:00 2016-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2016-01-01 951682200 ARROWHEAD CENTRAL CREDIT UNION ARRO 9093796832 550 EAST HOSPITALITY LANE STE 200 SAN BERNARDINO CA 92402 TONY SAWAYA SVP/CFO 9093796832 2017-09-25 1 VALENTINO CREUS CPA P01054153 8189549700 24.176.202.186 2017-09-25 09:00:33 PD P F53CDBC3F18316389D6CFA617EE7B9AF17900040 AAA51A721A1433521015D48D976EB051C184777B 2016 2021-01-29 14:40:06Z DARIN WOINAROWICZ 550 EAST HOSPITALITY LANE STE 200 SAN BERNARDINO CA 92402 61303674 0 X WWW.ARROWHEADCU.ORG X CREDIT UNION 1949 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 7 7 402 10 610464 0 0 0 53005788 55455852 4168490 5255482 951153 577716 58125431 61289050 46018 7000 0 0 18691797 20924971 0 0 0 20409755 24401952 39147570 45333923 18977861 15955127 960036238 1137395216 836277467 997535232 123758771 139859984 X A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, ARROWHEAD CENTRAL CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 FINANCIAL SERVICES TO SOUTHERN CALIFORNIA - AT DECEMBER 31, 2016 WE HAD 131,139 MEMBERS, 45,712 LOANS, AND 193,745 SHARE ACCOUNTS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 15717 0 1 402 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X TONY SAWAYA SVPCFO 9093796832 550 EAST HOSPITALITY LANE STE 200 SAN BERNARDINO CA 92408 THOMAS POTTER BOARD CHAIRMAN 2.00 X 0 0 0 JOHN MCCORMACK BOARD VICE CHAIRMAN 2.00 X 0 0 0 ROBIN STEEGE BOARD SECRETARY 2.00 X 0 0 0 PATRICIA COLE BOARD TREASURER 2.00 X 0 0 0 DAN HYNES BOARD MEMBER 2.00 X 0 0 0 SHERRY KENDRICK BOARD MEMBER 2.00 X 0 0 0 TIM MCHARGUE BOARD MEMBER 2.00 X 0 0 0 CATHLEEN FARRAR SUPV CMTE CHAIRMAN 2.00 X 0 0 0 BETH BOCKENHAUER SUPV CMTE SECRETARY 2.00 X 0 0 0 JAMES HALE SUPV CMTE MEMBER 2.00 X 0 0 0 DARIN WOINAROWICZ PRESIDENT/CEO 40.00 X 636657 0 79601 ROBERTO MARTINEZ EVP COO 40.00 X 326965 0 30425 TANIOS SAWAYA SVP CFO 40.00 X 315354 0 32867 VAUGHN BOOK SVP CIO 40.00 X 278155 0 12666 EMILY FRIESEN SVP MARKETING 40.00 X 227062 0 13252 WILLIAM WAGNER SVP OPERATIONS 40.00 X 165172 0 29717 ANN WADAGNOLO SVP CRO 40.00 X 161442 0 11247 CATHY OLAGUE VP MARKETING 40.00 X 165285 0 13037 DAVID FISHER VP BRANCHES 40.00 X 145622 0 11565 THERESA PALMER VP DEVELOPMENT 40.00 X 145079 0 11533 KANDI GOSE-ORTIZ VP CONSUMER LENDING 40.00 X 141525 0 17373 VALERIE HOPKINS VP HUMAN RESOURCES 40.00 X 138847 0 11354 2847165 0 274637 23 0 1 0 ADVANCED NETWORK INC 8940 ACTIVITY ROAD STE F SAN DIEGO CA 92126 ATM MAINTENANCE 657806 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 DATA PROCESSING SERVICES 469507 TEMENOS USA INC 2811 S LOOP 289 SUITE 17 LUBBOCK TX 79423 SOFTWARE PROVIDER 404088 ARCA TECH SYSTEMS LLC 1151 HOLMES ROAD MEBANE NC 27302 IT SERVICE 379885 WESCOM RESOURCES GROUP LLC 5601 E LA PALMA AVE ANAHEIM CA 90631 IT SERVICE 354832 22 INTEREST ON LOANS 522100 26119937 26119937 OTHER OPERATING INCOME 522100 15668971 15668971 FEE INCOME 522100 13666944 13056480 610464 55455852 5254806 5254806 276301 0 276301 276301 276301 15300 14624 676 676 676 GAIN ON SALE OF OREOS AND DISPOSI 522100 281617 281617 GAIN FROM INVESTMENT 522100 19798 19798 301415 61289050 60678586 610464 0 7000 2847165 14054079 1300863 1360384 1362480 227017 166212 129650 858157 10771921 1039541 2357148 93125 1373059 2412014 217978 MISCELLANEOUS OPERATING 2210476 LOAN SERVICING EXPENSE 1574289 PROVISIONS FOR LOANS & 873139 OPERATING FEES 98226 45333923 25696000 21515950 92172731 167073281 931326 919146 52938672 28506439 12564746 24432233 375465189 405181439 447332987 511623756 5873259 6649411 960036238 1137395216 36392846 109327033 799884621 888208199 836277467 997535232 X 0 0 0 0 123758771 139859984 123758771 139859984 960036238 1137395216 X 15955127 -307548 453634 X X 0 1 X 1 0 7605992 7605992 19850651 5756343 14094308 2704654 2591104 113550 17991083 15541674 2449409 4786292 4617318 168974 24432233 ALL OTHER INVESTMENT 4707015 F NET LOANS TO MEMBERS 496893166 F LOANS HELD FOR SALE 897087 F NCUA SHARE INSURANCE DEPOSIT 8526488 C MEMBERSHIP CAPITAL 600000 C 511623756 MEMBERS' SHARE & SAVINGS ACCOUNTS 888208199 888208199 X PART X, LINE 2: FASB ASC 740-10-65, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CREDIT UNION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE LIKELY THAN NOT" OF BEING SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS DEEMED TO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015, MANAGEMENT HAS DETERMINED THAT THE CREDIT UNION HAS NO MATERIAL UNCERTAIN TAX POSITIONS, AND ACCORDINGLY, THE CREDIT UNION HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. THE CREDIT UNION IS SUBJECT TO AND PAYS ALL STATE AND CITY TAXES ON GOODS AND SERVICES PURCHASED BY THE CREDIT UNION. 1 AMERICAN RED CROSS 2025 E STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 5000 FMV PROVIDE FINANCIAL SUPPORT FOR DISASTER RELIEF 1 0 X X 1 1 X X 0 1 0 DARIN WOINAROWICZ PRESIDENT/CEO 498157 0 101392 0 37108 0 57143 0 22458 0 716258 0 0 0 ROBERTO MARTINEZ EVP COO 270049 0 48064 0 8852 0 5608 0 24817 0 357390 0 0 0 TANIOS SAWAYA SVP CFO 245491 0 44739 0 25124 0 10600 0 22267 0 348221 0 0 0 VAUGHN BOOK SVP CIO 217974 0 38010 0 22171 0 6594 0 6072 0 290821 0 0 0 EMILY FRIESEN SVP MARKETING 185857 0 32557 0 8648 0 7577 0 5675 0 240314 0 0 0 WILLIAM WAGNER SVP OPERATIONS 145369 0 17851 0 1952 0 7025 0 22692 0 194889 0 0 0 ANN WADAGNOLO SVP CRO 133219 0 14578 0 13645 0 5550 0 5697 0 172689 0 0 0 CATHY OLAGUE VP MARKETING 146521 0 13690 0 5074 0 6712 0 6325 0 178322 0 0 0 DAVID FISHER VP BRANCHES 139476 0 5700 0 446 0 5852 0 5713 0 157187 0 0 0 THERESA PALMER VP DEVELOPMENT 129376 0 15300 0 403 0 5820 0 5713 0 156612 0 0 0 KANDI GOSE-ORTIZ VP CONSUMER LENDING 125844 0 15283 0 398 0 5774 0 11599 0 158898 0 0 0 VALERIE HOPKINS VP HUMAN RESOURCES 123764 0 14831 0 252 0 5638 0 5716 0 150201 0 0 0 PART I, LINE 4B THIS IS A SUPPLEMENTAL RETIREMENT PLAN FOR THE CEO. THE CREDIT UNION OWNS THE ASSETS IN THE PLAN AND THE FIRST VESTING DATE IS IN 2021. THE SECOND VESTING DATE IS IN 2031. FORM 990, PART VI, SECTION A, LINE 6 ARROWHEAD CENTRAL CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS, AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. ARROWHEAD CENTRAL CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF ARROWHEAD CENTRAL CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY OUR BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B AT THE END OF EACH TERM OF THE BOARD MEMBERS, ELECTIONS ARE HELD AND BOARD MEMBERS ARE VOTED BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. MEMBER VOTES ARE ALSO REQUIRED TO RATIFY DECISIONS DEALING WITH REORGANIZATIONS AS IN THE CASE OF MERGER OR DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN PREPARER E-MAILS A DRAFT OF THE FORM 990 TO THE ORGANIZATION'S CFO FOR HIS REVIEW. THE CFO PRESENTS ANY QUESTIONS, COMMENTS, OR CORRECTIONS TO THE RETURN PREPARER. UPON SATISFACTORY COMPLETION OF THE FORM 990, THE ORGANIZATION'S AUTHORIZED INDIVIDUAL PRESENTS THE RETURN TO THE BOARD OF DIRECTORS AND SIGNS THE APPROPRIATE SIGNATURE FORM(S) TO AUTHORIZE THE ELECTRONIC FILING OF THE RETURN. A COPY OF THE FORM 990, AS FILED, IS PROVIDED BY THE RETURN PREPARER TO THE ORGANIZATION'S CEO OR OTHER DESIGNATED INDIVIDIUAL(S). FORM 990, PART VI, SECTION B, LINE 12C FOR DIRECTORS, THE VOLUNTEER CODE OF PERSONAL AND BUSINESS CONDUCT (POLICY 1.16) (12 PAGES) REQUIRES ANNUAL, AT A MINIMUM, WRITTEN ACKNOWLEDGEMENT AND DISCLOSURE OF POTENTIAL CONFLICTS OF INTEREST. FOR OFFICERS AND KEY EMPLOYEES, THE EMPLOYEE HANDBOOK, GENERAL POLICIES, CODE OF PERSONAL AND BUSINESS CONDUCT (13 PAGES) REQUIRES DISCLOSURE OF OUTSIDE INTERESTS WHENEVER AN ACTIVITY MAY BE CONTRARY TO THE BEST INTEREST OF THE CREDIT UNION. ALL EMPLOYEES ARE REQUIRED TO SIGN A WRITTEN ACKNOWLEDGEMENT OF THE RECEIPT OF THE CODE OF PERSONAL AND BUSINESS CONDUCT AND OF ANY SUBSEQUENT CHANGES THERETO. VIOLATIONS MAY SUBJECT THE EMPLOYEE TO DISCIPLINARY MEASURES, UP TO AND INCLUDING TERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVES THE COMPENSATION FOR THE CEO. THE CEO APPROVES THE COMPENSATION FOR THE EXECUTIVES. MARKET DATA IS USED TO DETERMINE COMPENSATION COMPARABILITY AMONG THE EXECUTIVES' SALARIES. FORM 990, PART VI, SECTION C, LINE 19 THE NCUA 5300 CALL REPORT IS AVAILABLE TO THE PUBLIC ON THE NCUA WEBSITE. THE CREDIT UNION'S FINANCIALS ARE POSTED AT EACH BRANCH LOCATION. ANY MEMBER MAY REQUEST TO SEE BOARD MEETING MINUTES. FORM 990, PART XI, LINE 9: CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME 453,634. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. ARROWHEART FOUNDATION 550 EAST HOSPITALITY LANE 200 SAN BERNARDINO CA 92408 463720925 CHARITY FUND CA 501(C)(3) LINE 7 ARROWHEAD CENTRAL CREDIT UNION 0 ARROWHEAD FINANCIAL GROUP INC 550 E HOSPITALITY LANE SAN BERNARDINO CA 92408 330082959 INSURANCE CA ARROWHEAD CENTRAL CREDIT UNION C 54372 236613 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0