2017-10-06T19:25:15-05:00 2016-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2016-01-01 950951410 CALIFORNIA CREDIT UNION CRED 8182915522 701 NORTH BRAND BLVD 7TH FLOOR GLENDALE CA 91203 ZENAIDA PARSON SVP ENTERPRISE RISK MANAGEMENT 8182915522 2017-10-02 1 VALENTINO CREUS CPA P01054153 8189549700 108.95.190.209 2017-10-02 08:41:51 PD P F53CDBC3F18316389D6CFA617EE7B9AF17900040 AAA51A721A1433521015D48D976EB051C184777B 2016 2021-01-29 14:40:06Z STEPHEN O'CONNELL 701 NORTH BRAND BLVD 7TH FLOOR GLENDALE CA 91203 154330806 0 X WWW.CALIFORNIACU.ORG X CREDIT UNION 1939 CA A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 6 6 345 12 651767 0 0 0 62065727 68779698 6224811 5318069 3275258 4008830 71565796 78106597 26809 40640 0 0 32174435 36132729 0 0 0 30306152 35683587 62507396 71856956 9058400 6249641 1463532831 1596148609 1345618018 1475151315 117914813 120997294 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, CALIFORNIA 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 PROVIDED DEPOSIT AND LOAN ACCOUNT TO 92,339 MEMBERS. THE CREDIT UNION PROVIDES A VARIETY OF BANK ACCOUNTS INCLUDING CHECKING, SAVINGS, MONEY MARKET, CERTIFICATES AND INDIVIDUAL RETIREMENT ACCOUNTS AT COMPETITIVE RATES. IN ADDITION, SERVICES OFFERED TO OUR MEMBERS INCLUDE FREE ONLINE BANKING, FREE ONLINE BILL PAY, MOBILE AND TEXT BANKING, ATM AND DEBIT CARDS, OVERDRAFT PROTECTION, TOUCHTONE TELLER, WIRE TRANSFERS, DIRECT DEPOSIT, PAYROLL DEDUCTION, EZ-CONNECT, NEW AND USED AUTO BUYING SERVICES, INSURANCE PRODUCTS AND FINANCIAL PLANNING AND INVESTMENT SERVICES AS WELL AS BUSINESS BANKING SERVICES. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 23287 0 1 345 1 1 1 0 0 0 0 0 0 0 X 6 6 0 0 1 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X ZENAIDA PARSON SVP ENTERPRISE RISK 8182915522 701 NORTH BRAND BLVD 7TH FLOOR GLENDALE CA 91203 WALTON GREENE CHAIRMAN 1.00 X 0 0 0 SURVIVA MENDOZA VICE CHAIRMAN 1.00 X 0 0 0 VICTOR HANSON SECRETARY/TREASURER 1.00 X 0 0 0 PAMELA FEES DIRECTOR 1.00 X 0 0 0 TED FUJIMOTO DIRECTOR 1.00 X 0 0 0 FREDRIC NIGRO DIRECTOR 1.00 X 0 0 0 MARCIA WADE SUPV CMTE CHAIRPERSON 1.00 X 0 0 0 GUILBERT HENTSCHKE SUPV CMTE SECRETARY 1.00 X 0 0 0 SCOTT SVONKIN SUPV CMTE MEMBER 1.00 X 0 0 0 LAWRENCE SEROT SUPV CMTE MEMBER 1.00 X 0 0 0 LUPE REYES SUPV CMTE MEMBER 1.00 X 0 0 0 JANALYN GLYMPH SUPV CMTE MEMBER 1.00 X 0 0 0 RONALD MCDANIEL PRESIDENT,CEO 40.00 X 553380 0 32331 MARK LOVEWELL EVP,CFO 40.00 X 601834 0 37457 JOHN BRETTHAUER EVP,COO 40.00 X 404244 0 38178 PATRICK CAREY EVP,CAO/COUNSEL 40.00 X 383892 0 38281 JEFFREY BENOUN FORMER SVP CHIEF CREDIT OFF 40.00 X 420693 0 16800 PATRICK ZARIFIAN SVP CHIEF LENDING/SALES 40.00 X 321849 0 37457 MICHAEL WILKINS SVP RETAILS OPS 40.00 X 281726 0 35352 JASON PUGH SVP REAL ESTATE LENDING 40.00 X 276863 0 23134 WILLIAM BERECZKY SVP COMMERCIAL LEND 40.00 X 274508 0 23134 CHARLES LACUESTA CIO 40.00 X 218952 0 21810 PATRICK DUONG VP COML RE OFFICER 40.00 X 447745 0 34272 ERNIE CELAYA LOAN SALES 40.00 X 373932 0 29320 MARGARET VOSKANIAN LOAN SALES 40.00 X 254636 0 32040 IRENE LIZARRAGA LOAN SALES 40.00 X 230126 0 19471 ERIC HOLLINGSWORTH LOAN SALES 40.00 X 218336 0 28063 5262716 0 447100 64 0 1 0 AMERISTAR CONSTRUCTION INC 9176 INDEPENDENCE AVE CHATSWORTH CA 91311 BRANCH CONSTRUCTION 1713837 FISERV INC PO BOX 80123 CITY OF INDUSTRY CA 917168123 CREDIT CARD PROCESSING 1452179 CU COOPERATIVE SYSTEMS 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 ATM/DEBIT CARD PROCESSING 959529 Q2 SOFTWARE PO BOX 205970 DALLAS TX 752305970 ONLINE BANKING 765735 PAETEC COMMUNICATIONS INC PO BOX 9001013 LOUISVILLE KY 402901013 NETWORK SERVICES 707380 61 INTEREST ON LOANS 522100 46564500 46564500 OTHER OPERATING INCOME 522100 13379916 13008057 371859 FEE INCOME 522100 8835282 8540547 294735 68779698 5229813 5229813 73764600 2547865 73753467 2470742 11133 77123 88256 103083 -14827 OTHER NON-OPERATING IN 522100 4008830 4008830 4008830 78106597 77454830 651767 0 29640 11000 5262716 19944420 5301561 3819310 1804722 559931 124697 727662 1710022 8190319 1641099 4010099 280658 5303367 3834904 MISCELLANEOUS EXPENSE 5042736 LOAN SERVICING 3672332 PROVISION FOR LOAN & LE 442699 OPERATING FEES 143062 71856956 9254742 7617796 46781823 48829848 1431338 1478193 92029023 28027788 62222774 64001235 242313925 222944236 1079970718 1225051749 21557511 26225552 1463532831 1596148609 28312895 43771010 1317305123 1431380305 1345618018 1475151315 X 0 0 0 0 117914813 120997294 117914813 120997294 1463532831 1596148609 X 6249641 -1796885 -1370275 X X 0 1 X 1 0 29640 29640 29640 1 CCUL -PAC 1201 K STREET SUITE 1050 SACRAMENTO CA 95814 952329967 23640 ANTHONY PORTANTINO FOR SENATE PO BOX 93935 PASADENA CA 91109 3500 ANTHONY RENDON FOR STATE ASSEMBLY PO BOX 188858 SACRAMENTO CA 95818 1000 ROBERT HERZTBERG FOR SENATE 6150 VAN NUYS BLVD 400 VAN NUYS CA 91401 1000 MIKE A GIPSON FOR STATE ASSEMBLY 879 W190TH STREET SUITE 920 GARDENA CA 90248 500 PART I-A, LINE 1: CONTRIBUTION TO CCUL - PAC THE CREDIT UNION CONTRIBUTES TO INDIVIDUALS RUNNING FOR OFFICES WHO SUPPORT CREDIT UNION ISSUES. THE CREDIT UNION WAS UNABLE TO OBTAIN AN EIN FOR ANTHONY PORTANTINO RUNNING FOR SENATE. FOLLOWING IS THE NAME AND ADDRESS OF THE CAMPAIGN. ANTHONY PORTANTINO PO BOX 93935 PASADENA, CA 91109 FPPC#1392849 THE CREDIT UNION WAS UNABLE TO OBTAIN AN EIN FOR ANTHONY RENDON RUNNING FOR STATE ASSEMBLY. FOLLOWING IS THE NAME AND ADDRESS OF THE CAMPAIGN. ANTHONY RENDON P.O. BOX 188858 SACRAMENTO, CA 95818 FPPC# 1373599 THE CREDIT UNION WAS UNABLE TO OBTAIN AN EIN FOR ROBERT HERZTBERG RUNNING FOR SENATE. FOLLOWING IS THE NAME AND ADDRESS OF THE CAMPAIGN. ROBERT HERZTBERG 6150 VAN NUYS BLVD # 400 VAN NUYS, CA 91401 THE CREDIT UNION WAS UNABLE TO OBTAIN AN EIN FOR MIKE A. GIPSON RUNNING FOR STATE ASSEMBLY. FOLLOWING IS THE NAME AND ADDRESS OF THE CAMPAIGN. MIKE A. GIPSON 879 W.190TH STREET SUITE #920 GARDENA, CA 90248 25892243 25892243 35435859 6240706 29195153 11978634 6080477 5898157 18722287 15706605 3015682 64001235 LOANS TO AND INVESTMENTS IN NATURAL CU 100000 C PAID-IN CAPITAL AT CORP 750000 C ALL OTHER INVESTMENTS 8441602 F LOANS HELD FOR SALE 4489830 F NET LOANS & LEASES 1199476854 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 11693463 C DEPOSITS IN COMMERCIAL BANKS 100000 C 1225051749 TOTAL SHARES & DEPOSITS 1291380305 DRAWS AGAINST LINE OF CREDIT 140000000 1431380305 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. 1 SCHOLARSHIPS 11 11000 FMV PART III: THE CREDIT UNION AWARDS SCHOLARSHIPS TO STUDENTS ATTENDING COLLEGE IN THE US. SCHOLARSHIPS ARE AWARDED ONLY TO CALIFORNIA CREDIT UNION MEMBERS. X X 1 1 X X X X X 1 1 0 RONALD MCDANIEL PRESIDENT,CEO 472000 0 23000 0 58380 0 17140 0 15191 0 585711 0 0 0 MARK LOVEWELL EVP,CFO 355044 0 26534 0 220256 0 15900 0 21557 0 639291 0 0 0 JOHN BRETTHAUER EVP,COO 381578 0 21766 0 900 0 16621 0 21557 0 442422 0 0 0 PATRICK CAREY EVP,CAO/COUNSEL 352544 0 26534 0 4814 0 16724 0 21557 0 422173 0 0 0 JEFFREY BENOUN FORMER SVP CHIEF CREDIT OFF 181876 0 98201 0 140616 0 15900 0 900 0 437493 0 0 0 PATRICK ZARIFIAN SVP CHIEF LENDING/SALES 273328 0 37130 0 11391 0 15900 0 21557 0 359306 0 0 0 MICHAEL WILKINS SVP RETAILS OPS 160853 0 112711 0 8162 0 12794 0 22558 0 317078 0 0 0 JASON PUGH SVP REAL ESTATE LENDING 193980 0 78509 0 4374 0 15900 0 7234 0 299997 0 0 0 WILLIAM BERECZKY SVP COMMERCIAL LEND 239382 0 22295 0 12831 0 15900 0 7234 0 297642 0 0 0 CHARLES LACUESTA CIO 184172 0 34000 0 780 0 14576 0 7234 0 240762 0 0 0 PATRICK DUONG VP COML RE OFFICER 129529 0 317381 0 835 0 13413 0 20859 0 482017 0 0 0 ERNIE CELAYA LOAN SALES 20026 0 352717 0 1189 0 15900 0 13420 0 403252 0 0 0 MARGARET VOSKANIAN LOAN SALES 16490 0 238146 0 0 0 10483 0 21557 0 286676 0 0 0 IRENE LIZARRAGA LOAN SALES 23157 0 206969 0 0 0 12237 0 7234 0 249597 0 0 0 ERIC HOLLINGSWORTH LOAN SALES 18488 0 195179 0 4669 0 12871 0 15192 0 246399 0 0 0 PART I, LINE 1A COMPANION TRAVEL IS REPORTED AS NONEMPLOYEE COMPENSATION ON FORM 1099-MISC ISSUED TO THE COMPANION. PART I, LINES 4A-B THE CREDIT UNION HAS A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR CERTAIN EXECUTIVES UNDER IRC SECTION 457(F). TO SUPPORT THE DEFERRED COMPENSATION PLAN, THE CREDIT UNION HAS ELECTED TO PURCHASE CREDIT UNION-OWNED VARIABLE LIFE INSURANCE AND VARIABLE ANNUITIES. THE SURRENDER VALUE OF THESE INVESTMENTS INCLUDED IN OTHER ASSETS WAS $3,121,810 AS OF DECEMBER 31, 2016. THE CURRENT PARTICIPANTS ARE MARK LOVEWELL, JOHN BRETTHAUER, AND PATRICK CAREY. THE FOLLOWING OFFICER RECEIVED A SERP PAYOUT IN 2016 AS FOLLOWS: MARK LOVEWELL - $216,386 JEFFREY BENOUN RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $109,402 DURING THE TAX YEAR. FORM 990, PART VI, SECTION A, LINE 4 BYLAWS WERE CHANGED TO REDUCE THE NUMBER OF THE MEMBERS IN THE SUPERVISORY COMMITTEE FROM 7 TO 6. FORM 990, PART VI, SECTION A, LINE 6 CALIFORNIA 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. CALIFORNIA CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF CALIFORNIA 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 ORGANIZATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. COMPLETED FORM IS REVIEWED BY MANAGEMENT AND A COPY IS PROVIDED TO THE BOARD OF DIRECTORS FOR INFORMATIONAL PURPOSES PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THERE ARE REGULAR COMPLIANCE REVIEWS BY THE CREDIT UNION'S COMPLIANCE OFFICER WHICH ADDRESSES COMPLIANCE WITH ALL CREDIT UNION POLICIES. IN ADDITION, REGULATORS AND CPA'S MONITOR COMPLIANCE DURING THEIR PERIODIC AND ANNUAL AUDITS. FORM 990, PART VI, SECTION B, LINE 15 THE VICE PRESIDENT OF HUMAN RESOURCES CONTRACTS WITH EXTERNAL CONSULTING COMPANY, HRN PERFORMANCE SOLUTIONS, WHO PROVIDES MARKET SURVEYS ON COMPENSATION FOR KEY OFFICERS. COMPENSATION COMMITTEE REVIEWS AND APPROVES THE RESULTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO MEMBERS UPON REQUEST BY PROVIDING PAPER OR ELECTRONIC COPIES BY WHICHEVER MEANS REQUESTED. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE INCOME -1,370,275. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. CALIFORNIA MEMBERS TITLE INSURANCE COMPANY 701 NORTH BRAND BLVD 7TH FLOOR GLENDALE CA 91203 465751336 INSURANCE SERVICES CA CALIFORNIA MEMBERS HOLDING COMPANY C 1336066 6908748 1.00000 0 CALIFORNIA MEMBERS HOLDING COMPANY 701 NORTH BRAND BLVD 7TH FLOOR GLENDALE CA 91203 465739707 FINANCIAL SERVICES CA CALIFORNIA CREDIT UNION C 8010000 1.00000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 CALIFORNIA MEMBERS TITLE INSURANCE COMPANY P 1602069 ACTUAL AMOUNT PAID CALIFORNIA MEMBERS TITLE INSURANCE COMPANY O 42883 ACTUAL AMOUNT PAID CALIFORNIA MEMBERS TITLE INSURANCE COMPANY A 107091 ACTUAL AMOUNT PAID