2016-09-20T18:29:50-05:00 2015-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2015-01-01 951682200 ARROWHEAD CENTRAL CREDIT UNION ARRO 9093796832 550 EAST HOSPITALITY LANE STE 200 SAN BERNARDINO CA 92402 TONY SAWAYA SVP/CFO 9093796832 2016-09-16 1 VALENTINO CREUS CPA P01054153 8189549700 2015 2017-02-10 21:41:12Z DARIN WOINAROWICZ 550 EAST HOSPITALITY LANE STE 200 SAN BERNARDINO CA 92402 58125431 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 7 351 10 667744 0 0 0 50487632 53005788 2910337 4168490 3857436 951153 57255405 58125431 17497 46018 0 0 17242969 18691797 0 0 0 20537014 20409755 37797480 39147570 19457925 18977861 855208584 960036238 748511129 836277467 106697455 123758771 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, 2015 WE HAD 126,542 MEMBERS, 38,347 LOANS, AND 185,901 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 15322 0 1 351 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 552508 0 82511 TANIOS SAWAYA SVP CFO 40.00 X 302494 0 30181 VAUGHN BOOK SVP CIO 40.00 X 259881 0 23813 ROBERTO MARTINEZ SVP CLO 40.00 X 316590 0 23656 EMILY FRIESEN SVP MARKETING 40.00 X 206731 0 16500 JUSTIN CHANG VP MEMBER BUS LOANS 40.00 X 149992 0 15062 WILLIAM WAGNER VP ORGANIZATIONAL EFFICIEN 40.00 X 149771 0 30259 KANDI GOSE-ORTIZ VP CONSUMER LENDING 40.00 X 135129 0 19352 ANN WADAGNOLO VP AUDIT 40.00 X 133163 0 15748 VALERIE HOPKINS VP HUMAN RESOURCES 40.00 X 125858 0 18000 2332117 0 275082 18 0 1 0 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 DATA PROCESSING SERVICES 534962 LOOMIS HOLDING US INC PO BOX 120001 DALLAS TX 75312 ALARM SERVICES 417175 WESCOM RESOURCES GROUP LLC 5601 E LA PALMA AVE ANAHEIM CA 90631 IT SERVICE 345234 GLORY GLOBAL SOLUTIONS INC 3333 WARRENVILLE RD SUTE 310 LISLE IL 60532 ATM SERVICES 334632 EXPERIAN INFORMATION SOLUTIONS INC 475 ANTON BLVD COSTA MESA CA 92626 PROVIDES CREDIT SCORES 258153 14 INTEREST ON LOANS 522100 24669416 24669416 OTHER OPERATING INCOME 522100 14750799 14750799 FEE INCOME 522100 13585573 12917829 667744 53005788 4168490 4168490 43485 0 43485 43485 43485 PROV FOR LOAN LOSSES 522100 845000 845000 NET GAIN ON SALE OF REOS AND REPO 522100 48891 48891 GAIN FROM INVESTMENT 522100 13777 13777 907668 58125431 57457687 667744 0 46018 2332116 12983038 878621 1263495 1234527 290840 145255 102905 685105 9266787 859104 2059101 54693 1288448 1856093 197997 MISCELLANEOUS OPERATING 2165567 LOAN SERVICING EXPENSE 1353516 OPERATING FEES 84344 39147570 12970632 25696000 96888979 92172731 846901 931326 39985643 27420897 11171412 12564746 324117642 375465189 403022078 447332987 6190940 5873259 855208584 960036238 22297023 36392846 726214106 799884621 748511129 836277467 X 0 0 0 0 106697455 123758771 106697455 123758771 855208584 960036238 X 18977861 -615928 -1300617 X X 0 1 X 1 0 5078396 5078396 9709437 5412698 4296739 2787349 2588713 198636 17617750 14953803 2663947 4792711 4465683 327028 12564746 ALL OTHER INVESTMENT 4166898 F NET LOANS TO MEMBERS 433996522 F LOANS HELD FOR SALE 994646 F NCUA SHARE INSURANCE DEPOSIT 7574921 C MEMBERSHIP CAPITAL 600000 C 447332987 MEMBERS' SHARE & SAVINGS ACCOUNTS 799884621 799884621 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, 2015 AND 2014, 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 SB UNITED CO ARROWHEAD UNITED WAY 646 NORTH D STREET SAN BERNARDINO CA 92401 951934586 501(C)(3) 25000 FMV PROVIDE MEDICAL CARE AND EDUCATION LOMA LINDA CHILDREN'S HOSPITAL FOUNDATION 11175 MOUNTAIN VIEW AVE STE B LOMA LINDA CA 92354 330565591 501(C)(3) 10000 FMV PROVIDE FINANCIAL SUPPORT FOR MEDICAL CARE FOR CHILDREN 2 0 X X 1 1 X X 0 1 0 DARIN WOINAROWICZ PRESIDENT/CEO 464505 0 78966 0 9037 0 61018 0 21493 0 635019 0 0 0 TANIOS SAWAYA SVP CFO 251355 0 41162 0 9977 0 13250 0 16931 0 332675 0 0 0 VAUGHN BOOK SVP CIO 215976 0 35050 0 8855 0 18000 0 5813 0 283694 0 0 0 ROBERTO MARTINEZ SVP CLO 263568 0 44223 0 8799 0 6725 0 16931 0 340246 0 0 0 EMILY FRIESEN SVP MARKETING 176699 0 21406 0 8626 0 11065 0 5435 0 223231 0 0 0 JUSTIN CHANG VP MEMBER BUS LOANS 133953 0 15858 0 181 0 6161 0 8901 0 165054 0 0 0 WILLIAM WAGNER VP ORGANIZATIONAL EFFICIEN 133965 0 15632 0 174 0 10692 0 19567 0 180030 0 0 0 KANDI GOSE-ORTIZ VP CONSUMER LENDING 120598 0 14170 0 361 0 8281 0 11071 0 154481 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 11 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 -1,300,617. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. ARROWHEAD FINANCIAL GROUP INC 550 E HOSPITALITY LANE SAN BERNARDINO CA 92408 330082959 INSURANCE CA ARROWHEAD CENTRAL CREDIT UNION C 81481 235269 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0