2015-09-01T19:51:42-05:00 2014-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2014-01-01 950951410 CALIFORNIA CREDIT UNION CRED 8182915522 701 NORTH BRAND BLVD 7TH FLOOR GLENDALE CA 91203 ZENA PARSON SVP CONTROLLER 8182915522 2015-08-31 1 VALENTINO CREUS CPA P01054153 8189549700 2014 2016-02-25 16:41:14Z RONALD MCDANIEL 701 NORTH BRAND BLVD 7TH FLOOR GLENDALE CA 91203 283590914 0 X WWW.CALIFORNIACU.ORG X CREDIT UNION 1939 CA A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 7 7 337 13 568011 0 0 0 31993850 56132069 4903950 15440292 23165925 2230625 60063725 73802986 22170 39377 0 0 25307372 26795277 0 0 0 26851493 25290787 52181035 52125441 7882690 21677545 1173972336 1334156720 1071014078 1219206376 102958258 114950344 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 85,342 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 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 20896 0 1 337 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 ZENA PARSON SVP CONTROLLER 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 JAMES FIGUEROA DIRECTOR 1.00 X 0 0 0 TED FUJIMOTO DIRECTOR 1.00 X 0 0 0 DR FRANCIS NAKANO DIRECTOR 1.00 X 0 0 0 FREDRIC NIGRO DIRECTOR 1.00 X 0 0 0 MARCIA WADE SUPV CMTE CHAIRPERSON 0.00 X 0 0 0 SCOTT SVONKIN SUPV CMTE MEMBER 0.00 X 0 0 0 GUILBERT HENTSCHKE SUPV CMTE MEMBER 0.00 X 0 0 0 LAWRENCE SEROT SUPV CMTE MEMBER 0.00 X 0 0 0 PAMELA FEES SUPV CMTE MEMBER 0.00 X 0 0 0 JANALYN GLYMPH SUPV CMTE MEMBER 0.00 X 0 0 0 RONALD MCDANIEL PRESIDENT,CEO 40.00 X 1983335 0 44285 JOHN BRETTHAUER EVP,COO 40.00 X 374306 0 104558 PATRICK CAREY EVP,CAO/COUNSEL 40.00 X 361029 0 104276 MARK LOVEWELL EVP,CFO 40.00 X 346401 0 97584 RONALD STRATMAN CHIEF MARKETING OFFICER (FORMER) 40.00 X 244237 0 43425 PATRICK ZARIFIAN SVP CHIEF LENDING/SALES 40.00 X 298827 0 52355 WILLIAM BERECZKY SVP COMMERCIAL LEND 40.00 X 256453 0 34936 STANLEY CADIENTE CIO 40.00 X 256385 0 32475 JEFFREY BENOUN SVP CHIEF CREDIT OFF 40.00 X 230039 0 28260 MICHAEL WILKINS SVP RETAILS OPS 40.00 X 229513 0 44415 ERNIE CELAYA LOAN SALES 40.00 X 313791 0 19491 MARGARET VOSKANIAN LOAN SALES 40.00 X 211780 0 34343 PATRICK DUONG VP COML RE OFFICER 40.00 X 196163 0 28211 JASON PUGH VP BUSINESS DEV 40.00 X 187573 0 24239 ZENAIDA PARSON SVP, CONTROLLER 40.00 X 168759 0 31626 5658591 0 724479 48 0 1 0 NETTECH COMPUTERS 532 WFOOTHILL BLVD AZUSA CA 91702 SOFTWARE/HARDWARE 1051765 MICRODYNAMICS GROUP 3212 PAYSHERE CIRCLE CHICAGO IL 60674 STATEMENTS/MAILINGS 672000 FISERV INC PO BOX 80123 CITY OF INDUSTRY CA 917168123 CREDIT CARD PROCESSING 645929 CU COOPERATIVE SYSTEMS 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 ATM/DEBIT CARD PROCESSING 612614 ALLEN MATKINS LECK GAMBLE MALLORY LLP 515 SOUTH FIGUEROA STREET 9TH FLOOR LOS ANGELES CA 900713309 REAL ESTATE SERVICES 498934 34 INTEREST ON LOANS 522100 36035525 36035525 OTHER OPERATING INCOME 522100 11393769 11121360 272409 FEE INCOME 522100 8702775 8407173 295602 56132069 6006675 6006675 203979883 15241662 203682719 6105209 297164 9136453 9433617 9433617 OTHER NON-OPERATING INCOME 522100 2230625 2230625 2230625 73802986 73234975 568011 0 29377 10000 5658591 14534753 2202143 2876710 1523080 361210 119479 643689 930924 7120782 1389958 3777204 349082 2941811 3237590 LOAN SERVICING 3303343 PROVISION FOR LOAN & LE 573973 MISCELLANEOUS EXPENSE 432559 OPERATING FEES 109183 52125441 8890105 9289327 79090359 41642361 1161087 1429226 77378304 22923243 39336248 54455061 300392732 312407830 718559446 888285466 26542359 26647449 1173972336 1334156720 17401457 20527605 1053612621 1198678771 1071014078 1219206376 X 0 0 0 0 102958258 114950344 102958258 114950344 1173972336 1334156720 X 21677545 3146656 -12832115 X X 0 1 X 1 0 13581 13581 13581 1 CCUL -PAC 1201 K STREET SUITE 1050 SACRAMENTO CA 95814 952329967 11081 ANTHONY PORTANTINO PO BOX 93935 PASADENA CA 91109 1000 ANTHONY CANNELLA 976 PACIFIC AVE WILLOWS CA 95988 500 TONI ATKINS 330 ENCINITAS BLVD 101 ENCINITAS CA 92024 1000 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 ID#1334175 THE CREDIT UNION WAS UNABLE TO OBTAIN AN EIN FOR ANTHONY CANNELLA RUNNING FOR SENATE. FOLLOWING IS THE NAME AND ADDRESS OF THE CAMPAIGN. ANTHONY CANNELLA 976 PACIFIC AVE WILLOWS, CA 95988 ID#1334109 THE CREDIT UNION WAS UNABLE TO OBTAIN AN EIN FOR TONI ATKINS RUNNING FOR STATE ASSEMBLY. FOLLOWING IS THE NAME AND ADDRESS OF THE CAMPAIGN. TONI ATKINS 330 ENCINITAS BLVD #101 ENCINITAS, CA 92024 ID#1353435 20816902 20816902 32514293 3911341 28602952 7214389 5077482 2136907 16832720 13934420 2898300 54455061 LOANS TO AND INVESTMENTS IN NATURAL CU 100000 C PAID-IN CAPITAL AT CORP 750000 C ALL OTHER INVESTMENTS 89029459 F LOANS HELD FOR SALE 2725200 F NET LOANS & LEASES 785998816 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 9681991 C 888285466 TOTAL SHARES & DEPOSITS 1028678771 DRAWS AGAINST LINE OF CREDIT 170000000 1198678771 X 73802986 0 73802986 0 73802986 52125441 0 52125441 0 52125441 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 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" TO BE 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. THE CREDIT UNION IS NOT SUBJECT TO EXAMINATION BY U.S. FEDERAL TAX AUTHORITIES FOR TAX YEARS BEFORE 2011 AND BY STATE TAX AUTHORITIES FOR TAX YEARS BEFORE 2010. FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013, 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 CHILDRENS MIRACLE NETWORK HOSPITAL 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 870387205 501(C)(3) 6296 FMV PROVIDE FINANCIAL SUPPORT FOR MEDICAL CARE FOR CHILDREN 1 1 SCHOLARSHIPS 10 10000 FMV PART III: THE CREDIT UNION AWARDS SCHOLARSHIPS TO STUDENTS ATTENDING COLLEGE IN THE UNITED STATES. X X 1 1 X X X X X 0 1 0 RONALD MCDANIEL PRESIDENT,CEO 472000 0 80000 0 1431335 0 30419 0 13866 0 2027620 0 0 0 JOHN BRETTHAUER EVP,COO 322517 0 38740 0 13049 0 78428 0 26130 0 478864 0 0 0 PATRICK CAREY EVP,CAO/COUNSEL 319667 0 38740 0 2622 0 84842 0 19434 0 465305 0 0 0 MARK LOVEWELL EVP,CFO 269931 0 74400 0 2070 0 78366 0 19218 0 443985 0 0 0 RONALD STRATMAN CHIEF MARKETING OFFICER (FORMER) 208282 0 24153 0 11802 0 24655 0 18770 0 287662 0 0 0 PATRICK ZARIFIAN SVP CHIEF LENDING/SALES 215032 0 73423 0 10372 0 33419 0 18936 0 351182 0 0 0 WILLIAM BERECZKY SVP COMMERCIAL LEND 231350 0 21233 0 3870 0 27741 0 7195 0 291389 0 0 0 STANLEY CADIENTE CIO 214232 0 19769 0 22384 0 22583 0 9892 0 288860 0 0 0 JEFFREY BENOUN SVP CHIEF CREDIT OFF 178934 0 43062 0 8043 0 26057 0 2203 0 258299 0 0 0 MICHAEL WILKINS SVP RETAILS OPS 144493 0 78314 0 6706 0 24628 0 19787 0 273928 0 0 0 ERNIE CELAYA LOAN SALES 22629 0 290232 0 930 0 13364 0 6127 0 333282 0 0 0 MARGARET VOSKANIAN LOAN SALES 20144 0 191636 0 0 0 21727 0 12616 0 246123 0 0 0 PATRICK DUONG VP COML RE OFFICER 112906 0 82762 0 495 0 12616 0 15595 0 224374 0 0 0 JASON PUGH VP BUSINESS DEV 153880 0 33120 0 573 0 17375 0 6864 0 211812 0 0 0 ZENAIDA PARSON SVP, CONTROLLER 159339 0 4668 0 4752 0 18119 0 13507 0 200385 0 0 0 PART I, LINE 1A COMPANION TRAVEL IS REPORTED AS NONEMPLOYEE COMPENSATION ON FORM 1099-MISC ISSUED TO THE COMPANION. PART I, LINE 4B 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 $4,300,000 AS OF DECEMBER 31, 2014. CURRENT PARTICIPANTS ARE JOHN BRETTHAUER, PATRICK CAREY AND MARK LOVEWELL. RONALD MCDANIEL'S SERP PAYOUT IN 2014 WAS $1,397,529. 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 11 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 -12,832,115. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. SEE ATTACHED FORM 3115 FOR CALIFORNIA CREDIT UNION (95-0951410). SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION CALIFORNIA CREDIT UNION 701 NORTH BRAND BLVD, 7TH FLOOR GLENDALE, CA 91203 TAXPAYER IDENTIFICATION NUMBER:95-0951410 FOR THE YEAR ENDING DECEMBER 31, 2014 CALIFORNIA CREDIT UNION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). CALIFORNIA MEMBERS TITLE INSURANCE COMPANY 701 NORTH BRAND BLVD 7TH FLOOR GLENDALE CA 91203 465751336 INSURANCE SERVICES CA CALIFORNIA MEMBERS HOLDING COMPANY C 1.00000 0 CALIFORNIA MEMBERS HOLDING COMPANY 701 NORTH BRAND BLVD 7TH FLOOR GLENDALE CA 91203 465739707 FINANCIAL SERVICES CA CALIFORNIA CREDIT UNION C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0