2015-11-09T02:34:55-00:00 2014-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2014-01-01 951585409 SOUTHLAND CREDIT UNION SOUT 5629368740 10701 LOS ALAMITOS BLVD LOS ALAMITOS CA 90720 THOMAS LENT EVPCFO 2015-11-09 true DOUGLAS ORTH 3052328272 2015-11-09 2014 2016-03-07 17:11:31Z FERRIS FOSTER 10701 LOS ALAMITOS BLVD LOS ALAMITOS CA 90720 24093453 false X WWW.SOUTHLANDCU.ORG X 1936 CA EXCEPTIONAL MEMBER SERVICE RESULTING IN SUPERIOR FINANCIAL STRENGTH 7 7 123 10 80655 -162384 0 21130551 21642327 1140269 1087242 1343508 1363884 23614328 24093453 0 0 9936971 10514056 0 0 10806463 11929542 20743434 22443598 2870894 1649855 480799971 567932854 424511181 506189122 56288790 61743732 SOUTHLAND CREDIT UNION IS DEDICATED TO EXCEPTIONAL MEMBER SERVICE RESULTING IN SUPERIOR FINANCIAL STRENGTH, OFFERING CONVENIENCE, COURTESY AND VALUED SOLUTIONS. false false PROVIDED LOW COST LOANS AND HIGH-YIELD DEPOSIT OPTIONS FOR OUR MEMBERSHIP. EDUCATED OUR MEMBERSHIP TO ENSURE FINANCIAL LITERACY AND SECURITY. DURING 2014, 7,456 LOANS WERE GRANTED AND SERVICES WERE PROVIDED TO 55,617 MEMBERS. false false false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false true true false true 8959 0 true 123 true true true false false false false false X 7 7 false false false false true true true true true false false true true true true true true true true false X TOM LENT 5629368740 10701 LOS ALAMITOS BLVD LOS ALAMITOS CA 90720 DELORES ARRIOLA DIRECTOR 001.00 001.00 X 0 0 0 WALTER FINNIGAN VICE CHAIRMAN 001.00 001.00 X 0 0 0 WILLIAM DE LA GARZA DIRECTOR 001.00 001.00 X 0 0 0 ROBERT HALE CHAIRMAN 001.00 001.00 X 0 0 0 G DAVID MILLS DIRECTOR 001.00 001.00 X 0 0 0 ANNIE PEREZ SECRETARY/TREASURER 001.00 001.00 X 0 0 0 ANGELA AVERY DIRECTOR 001.00 001.00 X 0 0 0 FERRIS FOSTER PRESIDENT/CEO 040.00 040.00 X 365252 0 334366 RENE LEJAY COO 040.00 040.00 X 195182 0 105205 THOMAS LENT CFO 040.00 040.00 X 191137 0 106076 MATTHEW HERRICK VP SALES MARKETING 040.00 040.00 X 163256 0 17195 CURT BANNOCK VP CIO 040.00 040.00 X 155997 0 13442 ROBERT KOCH VP LENDING 040.00 040.00 X 130402 0 13856 FARID YEAWARY MORTGAGE LOAN COUNSELOR 040.00 040.00 X 141919 0 17813 CYNTHIA SMOLINSKI VP HR 040.00 040.00 X 141307 0 11773 1484452 619726 18 false true false JACK HENRY & ASSOCIATES 663 W HIGHWAY 60 MONETT MO 657088215 CORE SYSTEM 490663 DIEBOLD INC 5995 MAYFAIR ROAD NORTH CANTON OH 44720 AUTOMATED TELLER MACHINES 262808 INTEGRATED BUILDERS GROUP INC PO BOX 910916 PASADENA CA 911100916 BLDG CONSTRUCTION/LH IMPROVEMENTS 360128 ACC BUSINESS 400 WEST AVENUE ROCHESTER NY 14611 TELECOMMUNICATIONS, INTERNET, DATA SERVICES 197978 PROMENADE PROPERTIES III LLC 525 SANTA MONICA BLVD SANTA MONICA CA 90401 PROPERTY MANAGEMENT 306959 13 INTEREST INCOME ON LOANS 522100 16435685 16435685 FEES/CHARGES/OTHER 522100 5125987 5125987 UNRELATED BUSINESS INCOME 524298 17859 17859 UNRELATED BUSINESS INCOME 900099 62796 62796 21642327 1087242 1087242 40722 40722 40722 GAIN ON MORTGAGE SERVICING RIGHTS 522100 280639 280639 GAIN ON LOANS 522100 534412 534412 GAIN ON MERGER 522100 508111 508111 1323162 24093453 23972076 80655 0 0 0 0 1297218 1297218 0 5477744 5477744 403735 403735 2685645 2685645 649714 649714 131625 131625 69292 69292 193756 193756 0 0 305764 305764 692851 692851 658723 658723 840419 840419 0 1011539 1011539 148180 148180 0 92489 92489 1488575 1488575 90096 90096 1135908 1135908 216742 216742 SEE ATTACHED SCHEDULE 4853583 4853583 0 22443598 22443598 3737193 5698194 42180231 44855985 2719695 2409850 313856377 389873016 1274835 1381821 20575733 8713627 7758136 11862106 84450982 65349541 5117369 23504228 1092644 1448800 18612509 21549313 480799971 567932854 4555459 6460702 419955722 499728420 424511181 506189122 X 56288790 61743732 56288790 61743732 480799971 567932854 X 1649855 1158540 2646547 X false true X true false false 1671898 1633955 9662159 3135196 6526963 2935028 1117547 1817481 6306648 4422941 1883707 11862106 Financial derivatives and other financial products Closely-held equity interests Federal income taxes SHARE DRAFTS 94822450 SHARES/ESCROWS 145279105 MONEY MARKET 103961052 IRA SHARES 6257422 CERTIFICATES OF DEPOSIT 149408391 499728420 X X 2 THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE MORE LIKELY THAN NOT STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE IRC SECTION 501C14. AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME UBI DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE IRS RELEASED TECHNICAL ADVICE MEMORANDUMS TAMS TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX UBIT. UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNIONS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2013, 2012, AND 2011 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. X X true true X X X X false true false FERRIS FOSTER PRESIDENT/CEO 299898 45000 20354 324422 9944 699618 RENE LEJAY COO 176719 17845 618 99119 6086 300387 THOMAS LENT CFO 172374 18015 748 97249 8827 297213 MATTHEW HERRICK VP SALES MARKETING 141372 13136 8748 10245 6950 180451 CURT BANNOCK VP CIO 133531 11951 10515 4771 8671 169439 FARID YEAWARY MORTGAGE LOAN COUNSELOR 27125 114794 9048 8765 159732 CYNTHIA SMOLINSKI VP HR 130965 9825 517 5995 5778 153080 Part I Line 4b THREE EXECUTIVES PARTICIPATE IN A NONQUALIFIED RETIREMENT PLAN. THE NAMES OF THE EXECUTIVES AND THE RELATED 2014 BENEFIT EXPENSES BY EXECUTIVE WERE AS FOLLOWS FERRIS FOSTER 308,822 THOMAS LENT 85,098 RENE LEJAY 87,091. Form 990, Part VI, Section A, Line 6 THE CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS. Form 990, Part VI, Section A, Line 7A EACH BOARD MEMBER AND SUPERVISORY COMMITTEE MEMBER SERVES A 1-3 YEAR TERM, AND IS NOMINATED AND ELECTED BY THE MEMBERSHIP. Form 990, Part VI, Section A, Line 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODYS 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 THE FORM 990 IS PRESENTED TO THE SUPERVISORY COMMITTEE TO BE REPORTED TO THE BOARD BEFORE FILING. Form 990, Part VI, Section B, Line 12C MANAGEMENT IS RESPONSIBLE FOR ENFORCING ALL CONFLICT OF INTEREST POLICIES. PERIODIC REVIEWS ARE COMPLETED BY INTERNAL AUDITORS WHO REPORT THEIR FINDINGS TO THE SUPERVISORY COMMITTEE. Form 990, Part VI, Section B, Line 15 THE BOARD FORMS AN EXECUTIVE COMPENSATION COMMITTEE WHICH SOLICITS A REVIEW FROM INDEPENDENT SOURCES AS WELL AS COMPARABILITY DATA. THIS COMMITTEE PROVIDES A RECOMMENDATION TO THE FULL BOARD TO APPROVE THE CEO SALARY. OTHER MANAGEMENT SALARIES ARE DETERMINED USING OUTSIDE COMPARATIVES AND 3RD PARTY RECOMMENDATIONS. Form 990, Part VI, Section C, Line 19 ALL PUBLIC DOCUMENTS AND FINANCIAL ARE EITHER POSTED IN THE BRANCHES, AVAILABLE UPON REQUEST, OR BOTH. Form 990, Part XI, Line 9 EQUITY ACQUIRED THROUGH MERGERS WITH WESTSIDE EMPLOYEES FEDERAL CREDIT UNION AND PATRIOT FEDERAL CREDIT UNION DURING 2014. SCFCU SERVICES INC 10701 LOS ALAMITOS BLVD LOS ALAMITOS CA 90720 954489756 INSURANCE CA SOUTHLAND CREDIT UNION C Corp 90 1770 1.00000 false false false false false false false false false false false false false false false false false false false false