2016-11-15T13:57:11-06:00 2015-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2015-01-01 951797779 ORANGE COUNTY'S CREDIT UNION ORAN 7147555900 PO BOX 11777 SANTA ANA CA 92711 GREG KRAUSE SVP/CFO 7147555900 2016-11-14 1 GERALD B KISSELL P00092658 6123324300 2015 2017-02-10 21:41:12Z SHRUTI MIYASHIRO PO BOX 11777 SANTA ANA CA 92711 227282033 0 X WWW.ORANGECOUNTYSCU.ORG X 1938 CA OUR MISSION IS TO MAINTAIN FINANCIAL STRENGTH IN ORDER TO PROVIDE CONVENIENT ACCESS, EXCEPTIONAL SERVICE, AND FINANCIAL SOLUTIONS TO MEET THE UNIQUE NEEDS OF OUR DIVERSE MEMBERSHIP AND COMMUNITIES. 7 7 318 14 1249013 -509857 0 0 45957020 47279357 7085848 9294813 1075544 9000 54118412 56583170 2500 3000 2900428 3277324 20499336 22062518 0 0 0 19647297 19513080 43049561 44855922 11068851 11727248 1208338308 1312706263 1093759369 1186905183 114578939 125801080 OUR MISSION IS TO MAINTAIN FINANCIAL STRENGTH IN ORDER TO PROVIDE CONVENIENT ACCESS, EXCEPTIONAL SERVICE, AND FINANCIAL SOLUTIONS TO MEET THE UNIQUE NEEDS OF OUR DIVERSE MEMBERSHIP AND COMMUNITIES. 0 0 ORANGE COUNTY'S CREDIT UNION OFFERS THE FOLLOWING CONSUMER LOAN PRODUCTS TO OUR MEMBERS: AUTOMOBILE, MORTGAGE, OTHER SECURED, AND UNSECURED. AS OF DECEMBER 31, 2015 OUR LOANS PORTFOLIO HAD 36,910 LOANS OUTSTANDING TOTALING $662.3 MILLION. ORANGE COUNTY'S CREDIT UNION OFFERS THE FOLLOWING COMMERCIAL LOAN PRODUCTS TO OUR MEMBERS: COMMERCIAL MORTGAGE, AND INSTALLMENT. AS OF DECEMBER 31, 2015 OUR LOANS PORTFOLIO HAD 155 LOANS OUTSTANDING TOTALING $129.7 MILLION. ORANGE COUNTY'S CREDIT UNION OFFERS THE FOLLOWING SHARES ACCOUNTS TO OUR RETAIL AND COMMERCIAL MEMBERSHIP: SAVINGS, CHECKING, MONEY MARKET, IRA, CERTIFICATE OF DEPOSIT, AND INVESTMENT SERVICES. AS OF DECEMBER 31, 2015 WE HAD 191,691 ACCOUNTS TOTALING $1.1 BILLION. 0 0 1 0 0 0 0 1 0 1 0 1 0 1 1 1 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 21142 0 1 318 1 1 1 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 GREG KRAUSE CFO 7147555900 PO BOX 11777 SANTA ANA CA 92711 VIKKI BEATLEY CHAIR 1.00 X X 0 0 0 WALT KRAUSE VICE CHAIR 1.00 X X 0 0 0 DAN DILLON SECRETARY 1.00 X X 0 0 0 CHRIS CHASE TREASURER 1.00 X X 0 0 0 FRANK KIM DIRECTOR 1.00 X 0 0 0 MIKE JENSEN DIRECTOR 1.00 X 0 0 0 GARY BURTON DIRECTOR 1.00 X 0 0 0 SHRUTI MIYASHIRO PRESIDENT/CEO 40.00 X 821190 0 244082 ROBERT GREGORY KRAUSE VP/SENIOR CFO 40.00 X 244526 0 146636 LYNDA LEE SAVOIT VP/SENIOR COO 40.00 X 198506 0 120885 LAURA THOMPSON SENIOR VP/CIO 40.00 X 211367 0 44346 WARREN JEFFREY HARPER VP LENDING SERVICES 40.00 X 178178 0 25332 DAHL ANN ROBINSON VP ORGANIZATIONAL DEVELOPMENT 40.00 X 172639 0 20876 MONICA CHANDRA FINANCIAL CONSULTANT 40.00 X 422424 0 22280 CATHERINE BARAJAS MORTGAGE SALES MANAGER 40.00 X 274539 0 21791 DAVID FITZGERALD MORTGAGE OPERATIONS MANAGER 40.00 X 149884 0 18553 KATHRYN HACKNEY FINANCIAL CONSULTANT 40.00 X 154900 0 17957 RYAN HUFF AVP REMOTE DELIVERY 40.00 X 139340 0 12395 2967493 0 695133 30 0 1 0 DIGITAL INSIGHT CORPORATION 1300 SEAPORT BOULEVARD 300 REDWOOD CITY CA 94063 ONLINE FINANCIAL MANAGEMENT 683861 JACK HENRY & ASSOCIATES INC 663 W HWY 60 MONETT MO 65708 ACCOUNTING SOFTWARE 591058 TYFONE INC 5331 SW MACADAM AVE PORTLAND OR 97239 COMPUTER SOFTWARE 496018 CORNERSTONE ADVISORS INC 7272 E INDIAN SCHOOL ROAD SCOTTSDALE AZ 85251 PROJECT ADMINISTRATION 448767 THE MEMBERS GROUP 1500 NW 118TH STREET DES MOINES IA 50325 PRINTING 374160 31 LOAN SERVICES 522100 31089992 31089992 OTHER NON-INTEREST INCOME 522100 7393169 6144156 1249013 FEES AND CHARGES 522100 4599100 4599100 INTERCHANGE INCOME 522100 4197096 4197096 47279357 6199676 6199676 9000 0 9000 9000 9000 173794000 170698863 3095137 3095137 3095137 56583170 46030344 1249013 9303813 3000 3277324 2433949 15595964 555320 2153629 1323656 349604 100642 134076 16262 176260 1221325 1617133 1826433 2212980 147396 51760 816705 1867575 190307 OPERATIONS 5583198 LOAN SERVICING 2316162 PROVISION FOR LOAN LOSS 153679 731583 44855922 58084775 120995113 2410911 2623468 686076277 787367676 1125212 1252961 38495773 17811750 20923230 20684023 371509774 329088588 68208129 50694434 1208338308 1312706263 7517316 14983209 390008 1168472 1185213 33750000 30000000 1051323581 1140346753 1093759369 1186905183 X 0 0 0 0 114578939 125801080 114578939 125801080 1208338308 1312706263 11727248 -505107 0 X 0 1 X 1 0 5000 5000 5000 1 CALIFORNIA CREDIT UNION LEAGUE POLITICAL ACTION COMMITTEE 1201 K STREET SUITE 150 SACRAMENTO CA 95814 942329967 5000 PART I-A, LINE 1: ORANGE COUNTY'S CREDIT UNION CONTRIBUTED TO THE CALIFORNIA AND NEVADA CREDIT UNION LEAGUE POLITICAL ACTION COMMITTEE (PAC) TO SUPPORT CANDIDATES WHO SUPPORT CREDIT UNIONS. 0 1 X 4853742 4853742 18278728 5576775 12701953 3470006 3103492 366514 4181435 3610665 570770 7711862 5520818 2191044 20684023 INVESTMENT SECURITIES 329088588 F 329088588 MEMBER SHARE AND SAVINGS ACCOUNTS 1140346753 1140346753 X 56583170 0 56583170 0 56583170 44855922 0 44855922 0 44855922 PART IV, LINE 2B: THE CREDIT UNION HOLDS FUNDS IN ESCROW RELATED TO THE MORTGAGE LOANS OUTSTANDING. PART X, LINE 2: THE CREDIT UNION HAS FILED UNRELATED BUSINESS INCOME TAX (UBIT) RETURNS (990-T) IN THE PAST, WHICH HAS RESULTED IN NO INCOME TAXES PAID FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014. IN ADDITION, THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2015 AND 2014. X X X X X 0 1 0 SHRUTI MIYASHIRO PRESIDENT/CEO 762553 0 50000 0 8637 0 205935 0 41212 0 1068337 0 0 0 ROBERT GREGORY KRAUSE VP/SENIOR CFO 222393 0 13189 0 8944 0 140165 0 6936 0 391627 0 0 0 LYNDA LEE SAVOIT VP/SENIOR COO 182834 0 10789 0 4883 0 111033 0 10317 0 319856 0 0 0 LAURA THOMPSON SENIOR VP/CIO 192395 0 10005 0 8967 0 32303 0 12507 0 256177 0 0 0 WARREN JEFFREY HARPER VP LENDING SERVICES 167716 0 9762 0 700 0 12195 0 13602 0 203975 0 0 0 DAHL ANN ROBINSON VP ORGANIZATIONAL DEVELOPMENT 162496 0 9459 0 684 0 13842 0 7497 0 193978 0 0 0 MONICA CHANDRA FINANCIAL CONSULTANT 38535 0 383539 0 350 0 21200 0 1485 0 445109 0 0 0 CATHERINE BARAJAS MORTGAGE SALES MANAGER 80637 0 193602 0 300 0 21200 0 996 0 296735 0 0 0 DAVID FITZGERALD MORTGAGE OPERATIONS MANAGER 139163 0 10384 0 337 0 12082 0 6848 0 168814 0 0 0 KATHRYN HACKNEY FINANCIAL CONSULTANT 36145 0 118380 0 375 0 12480 0 5835 0 173215 0 0 0 RYAN HUFF AVP REMOTE DELIVERY 133070 0 5910 0 360 0 11315 0 1432 0 152087 0 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457F, NON-QUALIFIED RETIREMENT PLAN: SHRUTI MIYASHIRO LYNDA SAVOIT GREG KRAUSE LAURA THOMPSON THERE WERE NO DISTRIBUTIONS DURING 2015. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11 INFORMATION TO COMPLETE FORM 990 IS PREPARED BY THE CONTROLLER, REVIEWED BY THE CFO, AND SUBMITTED TO THE CPA FOR COMPLETION. THE BOARD OF DIRECTORS REVIEWS FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OUR CONFLICT OF INTEREST POLICIES ARE POSTED ON THE CREDIT UNION'S INTRANET, AND ARE SIGNED BY EACH EMPLOYEE UPON EMPLOYMENT. IF WE HEAR OF A SITUATION WE TAKE ACTION. FORM 990, PART VI, SECTION B, LINE 15 OUR HR TEAM PARTICIPATES IN AT LEAST 3 SALARY SURVEYS AND ANALYZES THAT DATA. THE PERSONNEL COMMITTEE APPROVES THE CEO SALARY. THE CEO AND VP OF HR APPROVE THE ANNUAL SALARY RANGES AND ADJUSTMENTS FOR OTHER OFFICES AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE PUBLISHED ON OUR WEBSITE, AND INTERNAL MONTHLY STATEMENTS ARE POSTED AT OUR BRANCH LOCATIONS. BYLAWS AND THE ARTICLES OF INCORPORATION ARE AVAILABLE UPON REQUEST. CONFLICTS OF INTEREST POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC.