2025-11-14T10:21:47-06:00 2024-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2024-01-01 941242831 TRAVIS CREDIT UNION TRAV 7074691755 PO BOX 2069 VACAVILLE CA 95696 KEVIN MILLER CEO 7074691755 2025-11-12 1 1 NATALIE HULL CPA P00089332 8189549700 2024 2025-03-06 01:10:19Z KEVIN MILLER PO BOX 2069 VACAVILLE CA 95696 283652476 0 X WWW.TRAVISCU.ORG X CREDIT UNION 1951 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 769 11 334806 0 0 0 207077368 242316387 23105084 32871904 609010 8464185 230791462 283652476 60000 196600 0 0 69007304 77664642 0 0 0 132021277 185102470 201088581 262963712 29702881 20688764 4934431346 5253880860 4436552162 4730060689 497879184 523820171 X A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT ANDSAVINGS 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, TRAVIS CREDIT UNION CONDUCTSITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITSMEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 TRAVIS CREDIT UNION PROVIDES A VARIETY OF LOANS INCLUDING AUTO, MORTGAGES, CREDIT CARD, SMALL BUSINESS AND UNSECURED AT COMPETITIVE RATES FOR OUR MEMBERSHIP, THEREBY, ASSISTING THEM MANAGE THEIR FINANCIAL HEALTH AND GROWTH IN THE FUTURE. TRAVIS CREDIT UNION PROVIDES A VARIETY OF SAVINGS ACCOUNTS INCLUDING SAVINGS, DEMAND, MONEY MARKET, CERTIFICATES AND INVESTMENTS AT COMPETITIVE RATES FOR OUR MEMBERSHIP, THEREBY, ASSISTING THEM MANAGE THEIR FINANCIAL HEALTH AND GROWTH IN THE FUTURE. TRAVIS CREDIT UNION PROVIDES FINANCIAL SERVICES TO OUR MEMBERSHIP WHICH ARE SMALL BUSINESS OWNERS DEVELOPING THEIR OWN BUSINESSES IN THE COMMUNITY. THESE MEMBERS PROVIDE VALUED SERVICES AND EMPLOYMENT TO OUR COMMUNITY MEMBERS THEREBY PROVIDING FUTURE GROWTH AND A STRONGER QUALITY OF LIFE. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 154236 0 1 769 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X HARDEEP KANG CPACONTROLLER 7074691755 PO BOX 2069 VACAVILLE CA 95696 DEBORAH ASPLING BOARD CHAIR 6.00 X 0 0 0 TIM MURRILL BOARD VICE CHAIR 4.00 X 980 0 0 MARY COBURN BOARD SECRETARY 4.00 X 0 0 0 DOUGLAS BEAUMONT BOARD TREASURER 4.00 X 1148 0 0 KEVIN BURKE BOARD MEMBER 4.00 X 0 0 0 ED RAPISARDA BOARD MEMBER 4.00 X 0 0 0 BRIAN HOWELL BOARD MEMBER 4.00 X 770 0 0 JAMES P KIRKLEY BOARD MEMBER 4.00 X 1812 0 0 RICHARD WORD BOARD MEMBER 4.00 X 980 0 0 TIMOTHY TRUESDALE SUPV CMTE CHAIRPERSON 4.00 X 2250 0 0 KARI MULHOLLAND SUPV CMTE MEMBER 4.00 X 3454 0 0 KEVIN MILLER PRESIDENT/CEO 40.00 X 945738 0 391301 IVAN JONES SVP, CHIEF FINANCIAL OFFIC 40.00 X 844751 0 203686 CATHERINE JOHNSON-KOMINS SVP, CHIEF PEOPLE OFFICER 40.00 X 421164 0 200094 MICHAEL JOSEPH LEVY SVP, GENERAL COUNSEL 40.00 X 421043 0 205033 SCOTT NICHOLS SVP, CHIEF INFORMATION OFF 40.00 X 402031 0 222044 REVATI RAO SVP, CHIEF LENDING OFFICER 40.00 X 398669 0 250387 GRADY BOND SVP, CHIEF RETAIL AND LENDING OFFICER 40.00 X 384087 0 250047 ERIK WAKEFIELD SVP, OPERATIONS 40.00 X 353747 0 221863 DOUGLAS MARSHALL SVP, CHIEF MARKETING OFFIC 40.00 X 351069 0 225642 CYNTHIA MCGUIRE VP, LENDING OPERATIONS 40.00 X 572278 0 38958 DENA M ROTHMANN MANAGING VP, RETAIL & BRAN 40.00 X 565427 0 36159 MARK VINELLA VP, COMPLIANCE & RISK MANAGEMENT 40.00 X 564633 0 61141 ARIC N KOSHIYAMA WEALTH ADVISOR 40.00 X 473753 0 37902 KUNAL PAI-DHUNGAT COMMERCIAL BUSINESS BANKING RELATIONSHIP MGR. 40.00 X 344951 0 51251 7054735 0 2395508 56 0 1 0 FISERV INC FISERV PO BOX 208457 DALLAS TX 75320 ONLINE BANKING SERVICES 3184303 SMART SOURCE LLC 7270 MCGINNIS FERRY RD SUWANEE GA 30024 MEMBER STATEMENTS 2343963 SALESFORCE 415 MISSION STREET 3RD FLOOR SAN FRANCISCO CA 94105 SOFTWARE SERVICES 2187920 AMF MEDIA GROUP 12657 ALCOSTA BLVD SUITE 500 SAN RAMON CA 94583 ADVERTISING 2134328 OPTIV SECURITY INC 1144 15TH STREET SUITE 2900 DENVER CO 80202 SOFTWARE SERVICES 1197643 91 INTEREST ON LOANS 522100 203184203 203184203 OTHER OPERATING INCOME 522100 27561676 27539314 22362 FEE INCOME 522100 11570508 11258064 312444 242316387 32871904 32871904 OTHER NON-OPERATING IN 522100 8464185 8464185 8464185 283652476 283317670 334806 0 156600 40000 7054735 54221673 4365910 7678373 4343951 721210 394582 3242701 4632798 20407762 13134193 5215069 1298948 90361663 3460480 181435 PROVISION FOR CREDIT LO 30157908 LOAN SERVICING EXPENSE 8720344 MISC OPERATING EXPENSES 2386629 OPERATING FEES 470537 316211 262963712 37244811 35706789 252737812 490292677 3599996 2362690 7262709 8113808 87459852 49343396 38934317 38116456 472196974 473662560 4057422829 4137117023 65031898 68508857 4934431346 5253880860 45980812 47928151 4390571350 4682132538 4436552162 4730060689 X 0 0 0 0 497879184 523820171 497879184 523820171 4934431346 5253880860 20688764 5252223 0 X X 0 1 X 1 0 7500 7500 7500 1 CCUL-PAC 2855 E GUASTI ROAD STE 202 ONTARIO CA 91761 940357265 7500 PART I-A, LINE 1: CONTRIBUTION TO CALIFORNIA CREDIT UNION LEAGUE TO PROMOTE TRADE INFORMATION PERTAINING TO CREDIT UNIONS. 7626767 7626767 42704006 19312103 23391903 6799251 6698109 101142 30329828 23333184 6996644 38116456 ALL OTHER INVESTMENTS 15000000 F LOANS & LEASES 4085889946 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 36227077 C 4137117023 MEMBER SHARES & DEPOSITS 4382132538 BORROWINGS 300000000 4682132538 X 283878340 225864 225864 283652476 0 283652476 263189576 225864 225864 262963712 0 262963712 PART X, LINE 2: THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES, AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFICATION BETWEEN REVENUE AND EXPENSE 225,864. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFICATION BETWEEN REVENUE AND EXPENSE 225,864. 1 CHILDRENS MIRACLE NETWORK HOSPITALS 2855 WEST GUASTI ROAD SUITE 202 ONTARIO CA 91761 870387205 501(C)(3) 12500 0 FMV TO SUPPORT SACTOWN RUN CONTRA COSTA COUNTY OFFICE OF EDUCATION 77 SANTA BARBARA RD PLEASANT HIL CA 94523 942675635 11500 0 FMV TO SUPPORT STUDENTS OF EXCELLENCE CELEBRATION NORTHBAY HEALTH CARE FOUNDATION 4500 BUSINESS CENTER DRIVE FAIRFIELD CA 94534 942995085 501(C)(3) 10000 0 FMV TO SUPPORT FOUNDATION GALA GOLD SPONSORSHIP VACAVILLE NEIGHBORHOOD BOYS AND GIRLS CLUB 100 HOLLY LANE VACAVILLE CA 95688 134223488 501(C)(3) 65000 0 FMV TO SUPPORT 2024 SPONSORSHIP -CLUB HERO MERCED COUNTY OFFICE OF EDUCATION 632 WEST 13TH STREET MERCED CA 95341 946002379 501(C)(3) 6850 0 FMV TO SUPPORT APR-MIGRANT EDUCATION PROGRAM SCHOLARSHIP LEAVEN KIDS 2220 BOYNTON AVE STE A FAIRFIELD CA 94533 263653717 501(C)(3) 23000 0 FMV TO SUPPORT 2024 LEAVEN KIDS EVENTS SOLANO COUNTY OFFICE OF EDUCATION 5100 BUSINESS CENTER DRIVE FAIRFIELD CA 94534 946002197 5250 0 FMV TO SUPPORT EARLY CHILDHOOD EDUCATIONAL CONFERENCE 5 2 SCHOLARSHIPS 20 40000 FMV X 1 1 X X X X 1 1 0 KEVIN MILLER PRESIDENT/CEO 775962 0 157738 0 12038 0 354185 0 37116 0 1337039 0 0 0 IVAN JONES SVP, CHIEF FINANCIAL OFFIC 395455 0 75547 0 373749 0 201160 0 2526 0 1048437 0 327213 0 CATHERINE JOHNSON-KOMINS SVP, CHIEF PEOPLE OFFICER 309933 0 67543 0 43688 0 199421 0 673 0 621258 0 0 0 MICHAEL JOSEPH LEVY SVP, GENERAL COUNSEL 322717 0 71863 0 26463 0 201160 0 3873 0 626076 0 0 0 SCOTT NICHOLS SVP, CHIEF INFORMATION OFF 306096 0 54901 0 41034 0 199950 0 22094 0 624075 0 0 0 REVATI RAO SVP, CHIEF LENDING OFFICER 327137 0 42798 0 28734 0 199266 0 51121 0 649056 0 0 0 GRADY BOND SVP, CHIEF RETAIL AND LENDING OFFICE 329919 0 41822 0 12346 0 201160 0 48887 0 634134 0 0 0 ERIK WAKEFIELD SVP, OPERATIONS 299419 0 37687 0 16641 0 196875 0 24988 0 575610 0 0 0 DOUGLAS MARSHALL SVP, CHIEF MARKETING OFFIC 270783 0 52800 0 27486 0 200641 0 25001 0 576711 0 0 0 CYNTHIA MCGUIRE VP, LENDING OPERATIONS 290212 0 23837 0 258229 0 24525 0 14433 0 611236 0 0 0 DENA M ROTHMANN MANAGING VP, RETAIL & BRAN 244256 0 46876 0 274295 0 23672 0 12487 0 601586 0 0 0 MARK VINELLA VP, COMPLIANCE & RISK MANAGEMENT 263655 0 23197 0 277781 0 23708 0 37433 0 625774 0 0 0 ARIC N KOSHIYAMA WEALTH ADVISOR 63176 0 410257 0 320 0 17250 0 20652 0 511655 0 0 0 KUNAL PAI-DHUNGAT COMMERCIAL BUSINESS BANKING RELATION 153924 0 190397 0 630 0 17250 0 34001 0 396202 0 0 0 PART I, LINES 4A-B CYNTHIA MCGUIRE, DENA ROTHMANN AND MARK VINELLA RECEIVED SEVERANCE PAYMENT DURING THE TAX YEAR 2024. 457(B): THE CREDIT UNION HAS A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR SENIOR MANAGEMENT. THE CREDIT UNION MAKES DISCRETIONARY CONTRIBUTIONS TO THE PLAN, AND EMPLOYEES ARE ALLOWED TO CONTRIBUTE TO IT. THE DEFERRED COMPENSATION ACCOUNTS ARE BOTH ASSETS AND LIABILITIES ON THE CREDIT UNION'S FINANCIAL STATEMENTS AND ARE AVAILABLE TO CREDITORS IN THE EVENT OF THE CREDIT UNION'S LIQUIDATION. THE BALANCE OF THE DEFERRED COMPENSATION ARRANGEMENTS, INCLUDED IN OTHER ASSETS AND ACCRUED EXPENSES AND OTHER LIABILITIES, WAS APPROXIMATELY $9,367,000 AND $8,289,000 AS OF DECEMBER 31, 2024, AND 2023, RESPECTIVELY. DEFERRED COMPENSATION EXPENSE WAS APPROXIMATELY $457,000 AND $416,000 FOR THE YEARS ENDED DECEMBER 31, 2024, AND 2023, RESPECTIVELY. 457(F): THE CREDIT UNION ESTABLISHED AN UNFUNDED EXECUTIVE RETENTION PAYMENT PLAN FOR CERTAIN KEY MEMBERS OF MANAGEMENT. THE PLAN PROVIDES A RETENTION BENEFIT SPECIFIED IN THE PARTICIPATION AGREEMENT FOR REMAINING EMPLOYED WITH THE CREDIT UNION UNTIL THE CLIFF VESTING DATE FOR SUCH PAYMENT. IF THE EXECUTIVE ELECTS TO DEFER THE CLIFF VESTING DATE, THE CREDIT UNION WILL CREDIT INTEREST, AT A RATE SPECIFIED IN THE PARTICIPATION AGREEMENT, ON THE DEFERRED BALANCE STARTING ON THE ORIGINAL DEFERRED VESTING DATE, COMPOUNDED ANNUALLY TO THE DATE OF PAYMENT. THE CREDIT UNION'S LIABILITY UNDER THE EXECUTIVE RETENTION PAYMENT PLAN WAS APPROXIMATELY $2,654,000 AND $1,217,000 AS OF DECEMBER 31, 2024, AND 2023, RESPECTIVELY. THE COSTS ASSOCIATED WITH THE PLAN TOTALED APPROXIMATELY $1,764,000 AND $459,000 FOR THE YEARS ENDED DECEMBER 31, 2024, AND 2023, RESPECTIVELY. SEE PART V OFFICER FIRST MORTGAGE X 560000 423698 0 1 1 SEE PART V OFFICER FIRST MORTGAGE X 377600 346158 0 1 1 SEE PART V DIRECTOR HELOC X 0 37452 0 1 1 SEE PART V DIRECTOR FIRST MORTGAGE X 425000 392738 0 1 1 SEE PART V DIRECTOR AUTOMOBILE X 33968 19459 0 1 1 SEE PART V DIRECTOR FIRST MORTGAGE X 150000 62623 0 1 1 SEE PART V DIRECTOR HELOC X 0 90233 0 1 1 SEE PART V DIRECTOR AUTOMOBILE X 19309 9894 0 1 1 SEE PART V DIRECTOR AUTOMOBILE X 34962 31913 0 1 1 SEE PART V OFFICER FIRST MORTGAGE X 960000 910335 0 1 1 SEE PART V KEY EMPLOYEE AUTOMOBILE X 52364 38187 0 1 1 2362690 SCH L PART V DUE TO THE SENSITIVE NATURE OF THIS INFORMATION, PLEASE BE ADVISED THAT THE DETAILS RELATED TO OFFICER LOANS ARE MAINTAINED IN ACCORDANCE WITH OUR INTERNAL RECORDS MANAGEMENT PROCEDURES AND ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION A, LINE 6 TRAVIS 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. TRAVIS CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF TRAVIS 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 EACH BOARD MEMBER SHALL RECEIVE A COMPLETED DRAFT OF THE FORM 990 FOR REVIEW PRIOR TO FILING EACH YEAR. FORM 990, PART VI, SECTION B, LINE 12C ON A MONTHLY BASIS, MEMBERS OF THE BOARD ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST OR CONCERNS AND RECUSE THEMSELVES WHEN NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 TRAVIS CREDIT UNION PARTICIPATES IN FOUR TO FIVE NATIONAL AND INDUSTRY SPECIFIC SURVEYS TO BENCHMARK BASE SALARY, BONUS AND RETIREMENT BENEFITS FOR ALL KEY EMPLOYEES, SALARIED EMPLOYEES, TO INCLUDE THE CEO, EVP, AND ALL VPS. THESE SURVEYS ARE CONDUCTED AT LEAST ANNUALLY. THE GOVERNING BOARD APPROVES THE CEO'S COMPENSATION PACKAGE AFTER IT HAS BEEN THOROUGHLY REVIEWED AND RECOMMENDED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY IS INCLUDED IN OUR CORPORATE BYLAWS, OUR GOVERNING DOCUMENTS, WHICH ARE AVAILABLE UPON REQUEST. OUR MONTHLY FINANCIAL STATEMENTS ARE DISPLAYED AT ALL OF OUR BRANCH LOCATIONS AS WELL AS CORPORATE HEADQUARTERS. OUR YEAR END AUDITED FINANCIAL STATEMENTS ARE PRESENTED IN OUR ANNUAL MEETING AND WE FILE OUR CALL REPORTS ON A QUARTERLY BASIS WITH THE NCUA AND DBO. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. TRAVIS CREDIT UNION FOUNDATION 1 TRAVIS WAY VACAVILLE CA 95687 824159040 ADVOCATE FINANCIAL EDUCATION AND LITERACY IN OUR COMMUNITY CA 501(C)(3) LINE 7 TRAVIS CREDIT UNION 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 TRAVIS CREDIT UNION FOUNDATION O 115778 COST TRAVIS CREDIT UNION FOUNDATION L 42090 COST