2017-05-12T14:35:07-07:00 2016-12-31 990 2016-01-01 941417215 DOW GREAT WESTERN CREDIT UNION DOWG 9253311010 4041 Lone Tree Way Suite 100 Antioch CA 94531 Stacey Douglas Interim Co-CEO 9253311010 2017-05-11 216.31.238.130 2016 2021-01-29 14:40:06Z Stacey Douglas 4041 Lone Tree Way Suite 100 PO Box 2059 Antioch CA 94531 1410996 0 X www.dowcu.org X 1938 CA Provides Thrift Savings & Borrowing for member owned financial institution. The credit union provides one overall activity; that being a financial cooperative providing thrift savings, borrowing and other financial services to our members/owners. The number of members/owners at 12/31/16 was 2156 with 579 loans totaling $19,425,095 and with 4065 share deposit accounts totaling $40,748,627 9 9 7 14 3927 -3927 0 0 1011772 956885 357876 454111 0 0 1369648 1410996 0 0 0 0 465770 474088 0 0 0 714712 602291 1180482 1076379 189166 334617 41722704 45612762 37428519 40983960 4294185 4628802 The credit union provide thrift savings, borrowing and financial services to members of a member owned cooperative financial institution. The credit union provides overall activity; that being financial cooperative providing thrift savings, borrowing and other financial services to our members/owners. Number of members/owners at 12/31/16 was 2156 with 579 loans totaling $19,425,095 and with 4065 share deposit accounts totaling $40,748,626 0 0 1076379 0 1410997 Regarding members and the member deposit side of the balance sheet, members loss from 2197 to 2156. And member deposit accounts decreased from 4152 $37,288,461 to 4065 increased amount to $40,748,626. Dividend Interest paid on these accounts for the year was $74,598. Checking accounts increased from 1092 to 1097. Debit cards and transactions continued to grow, along with transactions on the credit union's atm. Depositing and check cashing services at the member services counter continued to grow. 810192 Loan services with 579 loans made for $4,538,677 as well as other services around loans, such as offering mechanical breakdown insurance coverage on auto loans. And offering insurance coverage for members if they are disabled and unable to make their payments. Various types of loans, including home loans were offered, including 1st trust and 2nd trust deed and fixed and variable rate loans and home equity lines of credit. 0 0 0 1076379 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 923 0 1 7 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 X Dow Great Western Credit Union 9253311010 4041 Lone Tree Way Suite 100 Antioch CA 94531 John Jacobson Director 3 0 X 0 0 0 Curtis Tong Director 3 0 X 0 0 0 Karen Harvey Secretary 3 0 X 0 0 0 Steven McAdams Director 2 0 X 0 0 0 Art Solis Director 3 X 0 0 0 Marshall Zimmerman Director 2 0 X 0 0 0 Sally Siemak Director 2 0 X 0 0 0 Jeff Noyer Chairperson 4 0 X 0 0 0 David Parks Vice Chairperson 4 0 X 0 0 0 Phylliss Rosas CEO 40 X X X X 97622 0 12171 Stacey Douglas Interim Co-CEO 50 X X 66551 0 732 Rosario Nagar Interim Co-CEO 50 X X 63450 0 8172 227623 0 21075 0 1 0 0 FISERV 255 FISERV Drive Brookfield WI 53045 Information Systems 194389 Bluerock Partners LLC 1200 Concord Avenue Suite 200 Concord CA 94520 Leased Office Space 241035 2 0 Member Loan Interest 522100 810192 810192 0 0 146693 142766 3927 0 956885 454111 454111 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1410996 1407069 3927 0 0 0 0 0 227624 0 143001 21070 48936 33457 0 0 0 0 0 0 49141 21764 67331 223796 0 288306 2696 0 5361 74599 0 34470 19677 Association Membership Dues 14561 Provision for Loan Losses -199411 1076379 0 0 0 251764 250955 2165 10058 0 0 0 0 19982147 19397712 0 73719 94134 1273660 835137 509163 438523 20422329 24908411 481417 512969 41722704 45612762 91794 138745 37336725 40845215 37428519 40983960 X 0 0 0 0 4294185 4628802 4294185 4628802 41722704 45612762 334617 X 0 1 X 1 0 0 0 0 0 0 0 0 0 853332 452032 401300 0 420328 383105 37223 0 0 0 0 438523 Credit Union and Bank Certificate Deposits 20764000 C Corporate Credit Union Deposit 1506403 C Investment in Corporate Credit Union 68479 C Investment to Pre-fund Employee Benefits 2543979 C Investment in Credit Union Service Organization 25550 C 24908411 5078 Other Withholding 489 General Ledger Clearing Accounts 91021 Member Share Deposits 40748627 40845215 X Schedule D, Part X, Line 2 FASB ASC 740-10-65, Income taxes provides guidance for how uncertain tax positions should be recognized, measure, disclosed and presented in the financial statements. This requires the evaluation of tax position taken or expected to be taken in 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 not deemed to meet the more-likely-than-not threshold would be reported as a tax expense and liability in the current year. For year ended June 30, 2016, management has determined that there are no material uncertain tax positions, and accordingly, has no recorded a liability for the payment of interest or penalties. State taxes, if applicable are pain on income earned by the credit union in California. The credit union is subject to and pays all state and city taxes on goods and services purchased by the credit union. X X 0 0 0 Phylliss Rosas CEO 81236 0 5185 0 11201 0 0 0 0 0 97622 0 86421 0 Schedule J, Part I, Line 3 Phylliss Rosas received bonus payment of $5,185.00 and $11,201.00 as consultant. Form 990, Part VI, Section A, Line 6 The credit union is a California Not-For-Profit Corporation that has member/owners that elect the governing body (Board of Directors) with each member having 1 vote. Form 990, Part VI, Section A, Line 7a The credit union is a California Not-For-Profit Corporation that has member/owners that elect the governing body (Board of Directors) with each member having 1 vote. Form 990, Part VI, Section B, Line 11b The form is prepared by the Accounting Manager and reviewed by the CEO. The credit union's regulator and auditor periodically reviewed it. Form 990, Part VI, Section B, Line 12c The credit union has a conflict of Interest Policy and is audited by outside audit firm and examined by state regulator that review Board of Director's accounts for any improper activity. The Board of Directors are required to disclose any conflicts of interest at the monthly Board of Directors meetings. Also, the credit union has an appointed Supervisory Committee that performs various independent internal audit procedures. Form 990, Part VI, Section B, Line 15 The Board of Directors has approved an Employee Handbook covering compensation policy and has approved a salary scale by employee position, including management. The Board of Directors has appointed President/CEO salary review committee to review and make compensation recommendations to the Board of Directors, along with other employees salary review performed by the CEO. Form 990, Part VI, Section C, Line 19 The credit union makes its Form 990 and any other documents required by regulation available upon request. Its most recent Financial Statement are posted monthly in the credit union. Other governing documents are made available on a case to case basis.