2015-11-16T13:37:39-06:00 2014-12-31 Grant Thornton LLP 515 S Flower Street 7th Floor Los Angeles CA 90071 990 2014-01-01 952023588 Altura Credit Union (FKA RIVERSIDE COUNTY'S CREDIT UNION) % TOMMIE SHRYOCK EVP/CFO ALTU 9515715395 2847 Campus Parkway Riverside CA 92507 TOMMIE SHRYOCK EVP/CFO 9515715395 2015-11-15 true Rosemarie Brown P01278077 2136271717 2014 2016-03-07 17:11:31Z Mark Hawkins 2847 Campus Parkway Riverside CA 92507 42910588 false X www.alturacu.com X If other, please des 1957 CA A cooperative, organized for the purpose of promoting thrift and savings among its members. 9 9 288 9 241269 -187841 0 0 40553219 38702574 2696051 3131681 45874 45874 43295144 41880129 0 30015 0 0 19214824 15790282 0 0 0 12629260 13655856 31844084 29476153 11451060 12403976 679790540 758028257 601595092 667404464 78195448 90623793 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 acontrol their own funds in order to improve their economic and social conditions. As a cooperative, Altrua 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. false false Altura Credit Union offers traditional banking services, including checking accounts, savings accounts, and investment services (retirement accounts, stocks, bonds, and mutual funds) for personal and business purposes. In 2010, it introduced mobile banking through a phone application available for iphones, android phones, and blackberry phones. Members can have 24/7 account access, check their account and loan balances, transfer funds within an account, pay their credit card and loan within an account, locate branches and ATM machines, and have access to other member services. Altura Credit Union offers a wide range line of credit program to its members that includes vehicle loans, home loans, personal loans, and credit cards for vehicles. The organization offers financing or refinancing for new or used automobiles with terms up to 84 months. It also offers financing for recreational vehicles, boats, jet skis, and motorcycles. The organization offered traditional and adjustable rate mortgages in 2014. In 2014, it specifically sought to assist first-time homebuyers through a variety of efforts, including FHA Home Loans and a down payment assistance program. The organization offers two types of personal loans: signature loan and secured loan. A signature loan provides up to $15,000 to its members for any purpose. A secured loan provides loans to its members that is secured by the funds in the member savings account or share certificate. A secured loan has terms up to 10 years or up to the maturity date for a share certificate. The organization also offers a variety of credit cards including VISA Platinum Preferred, VISA Platinum, and VISA Classic. Altura Credit Union offered free workshops in 2014 to its members. These workshops covered the following topics: Securing Your Financial Future, Social Security, and Retirement Planning. It also offered free online courses on different topics enabling its members to explore different aspects of financial education at their own pace. Classes included: Money Management, Checking Account Management, The Psychology of Spending, The Road to Home Ownership, Financial First Aid, Finances for College Students, and Buying a Vehicle. false false false false false false false false false true false false true true true false true false false false false false false false false false true false true false false false false false false false false false false false true true true false true 9887 0 true 288 true true true false false false false false X 9 9 false false false false true true true true true false true true true true true true true true true false false CA X TOMMIE SHRYOCK EVPCFO 9515715393 2847 CAMPUS PARKWAY Riverside CA 92507 Mark Balys Chairman 2.0 0.0 X X 0 0 0 Ofelia Valdez-Yeager Vice Chairman 2.0 0.0 X X 0 0 0 Jacqueline Hall Treasurer 2.0 0.0 X X 0 0 0 Gloria Perez Secretary 2.0 0.0 X X 0 0 0 Jerry Rivera Immediate Past Chairman 2.0 0.0 X 0 0 0 Bob Gray Director 2.0 1.0 X 0 0 0 Dr Ron Pardee Director 2.0 0.0 X 0 0 0 Dr Linda Wisher Director 2.0 0.0 X 0 0 0 Keith Downs Director 2.0 0.0 X 0 0 0 Mark Hawkins Chief Executive Officer 40.0 1.0 X 615815 0 223872 Jennifer Binkley EVP, Chief Operations Officer 40.0 0.0 X 300863 0 27242 Mark Pedersen EVP, Chief Financial Officer 40.0 0.0 X 303157 0 24780 Suzie Kisslan SVP, Chief Lending Officer 40.0 0.0 X 275362 0 13567 Erin Fuller SVP, Human Resources 40.0 1.0 X 213720 0 12467 Chris Collver VP, Compliance 40.0 0.0 X 146921 0 4308 Moritz Wohanka VP, Finance 40.0 0.0 X 165124 0 11322 Walter Burrows Comm. Loan Portfolio Risk Mgr 40.0 0.0 X 174559 0 6873 Kathy Thayer VP, Controller 40.0 0.0 X 179997 0 20021 Debora Sigler VP, Internal Auditor 40.0 0.0 X 174559 0 17929 2550077 0 362381 11 false true false Jack Henry and Associates PO Box 609 MONETT MO 65708 Technology Services 877632 Business Data Inc PO Box 6081 INGLEWOOD CA 90312 Document Solutions 552904 Financial Technology Solutions Intl PO Box 379 PASADENA CA 91102 ATM Services 435895 Mythos Technology Inc 43402 Business Park Drive TEMECULA CA 92590 Technology Services 427002 ATT PO Box 5019 CAROL STREAM IL 601975019 Phone Service 414224 23 0 INTEREST ON LOANS 522100 18815666 18815666 FEE INCOME 522100 19886908 19645639 241269 38702574 2948349 2948349 0 0 45874 45874 0 45874 45874 34870 1178921 1030459 34870 148462 183332 183332 0 0 0 0 41880129 38461305 241269 3177555 30015 0 0 0 2010845 0 11549285 95526 1150447 984179 0 87631 94733 0 0 0 1769911 1314062 2093770 0 0 1838180 156770 0 45013 34627 0 1826783 285399 LOAN SERVICING EXPENSES 3363788 MEMBER'S DIVIDEND EXPENSE 1371083 REPAIRS & MAINTENANCE 1149423 PROVISION FOR LOAN LOSSES -2172293 396976 29476153 X 9887162 13535781 172626232 129281160 0 0 0 0 0 0 0 0 353548855 405113729 0 0 1108427 1140521 53802748 30030982 24308237 23771766 102235209 130862454 0 0 13064921 13674928 0 0 3011497 40647918 679790540 758028257 11645297 11496901 0 0 0 0 0 0 0 0 0 0 584251 584251 0 0 589365544 655323312 601595092 667404464 X 0 0 0 0 78195448 90623793 78195448 90623793 679790540 758028257 12403976 24369 X false true X true false 4280571 4280571 27125110 11305488 15819622 1721970 1157178 564792 20675097 17568316 3106781 23771766 OTHER RECEIVABLES 38443199 ACCRUED INTEREST 1824635 OTHER ASSETS 380084 40647918 0 SHARES AND DEPOSITS 655323312 655323312 X FIN 48 (ASC 740) Footnote Schedule D, Part X, Line 2: The Credit Union is a state chartered credit union with exemption from federal and state income taxes pursuant to IRC Section 501(c)(14) and California RTC code 23701(y). Effective January 1, 2009, the Credit Union implemented FASB ASC 740, Accounting for Income Taxes, which provides guidance on how uncertain tax positions should be recognized, measured, disclosed and presented in the financial statements. ASC 740 requires evaluation of tax positions taken or expected to be taken with a determination of whether uncertain tax positions are more likely than not to be sustained when examined by the taxing authorities. Tax positions not deemed to have met the more-likely than not criteria would be recorded as an expense and a liability in the current year. As of December and for the years ended December 31, 2014 and December 31, 2013, and open tax years, management has determined that there are no material uncertain tax positions requiring recognition in the financial statements. true ALTURA CREDIT UNION FOUNDATION 2847 CAMPUS PARKWAY RIVERSIDE CA 92507 330625895 501(c)(3) 30015 SCHOLARSHIPS 1 0 Procedure for Monitoring Grant Funds in the United States Schedule I, Part I, Line 2: A majority of the directors of the grantee, Altura Credit Union Foundation, are also officers or directors of Altura Credit Union. Altura Credit Union exercises oversight over the use of grant funds, which are used for scholarships for high school graduates, through these overlapping directors. X false false X X X X false true false Mark Hawkins Chief Executive Officer 425552 0 145085 0 45178 0 216296 0 7576 0 839687 0 0 0 Jennifer Binkley EVP, Chief Operations Officer 210673 0 74939 0 15251 0 10141 0 17101 0 328105 0 0 0 Mark Pedersen EVP, Chief Financial Officer 217466 0 73847 0 11844 0 9670 0 15110 0 327937 0 0 0 Suzie Kisslan SVP, Chief Lending Officer 191815 0 66160 0 17387 0 8878 0 4689 0 288929 0 0 0 Erin Fuller SVP, Human Resources 154656 0 51234 0 7830 0 6951 0 5516 0 226187 0 0 0 Chris Collver VP, Compliance 112085 0 34517 0 319 0 3500 0 808 0 151229 0 0 0 Moritz Wohanka VP, Finance 132470 0 26057 0 6597 0 5806 0 5516 0 176446 0 0 0 Walter Burrows Comm. Loan Portfolio Risk Mgr 145456 0 25243 0 3860 0 6873 0 0 0 181432 0 0 0 Kathy Thayer VP, Controller 130609 0 41608 0 7780 0 7503 0 12518 0 200018 0 0 0 Debora Sigler VP, Internal Auditor 126197 0 41979 0 6383 0 7205 0 10724 0 192488 0 0 0 Social Club Dues Schedule J, Part I, Line 1a: The Chief Executive Officer was reimbursed $2,784 for social club dues. The amount was included in compensation on Schedule J, Part II, Column b(iii). Nonqualified Retirement Plan Schedule J, Part II, Line 4b: The Chief Executive Officer participated in a supplemental nonqualified retirement plan, for which the organization contributed $205,896. This amount is reported as deferred compensation on Schedule J, Part II, Column (D). ORGANIZATION'S MEMBERS OR STOCKHOLDERS Form 990, Part VI, Section A, Line 6: Altura 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. Altura Credit Union does not have stockholders. POWERS OF MEMBERS TO ELECT OR APPOINT GOVERNING BODY Form 990, Part VI, Section A, Line 7a: The governing board of Altura 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 the by-laws. GOVERNANCE DECISIONS RESERVED TO MEMBERS Form 990, Part VI, Section A, Line 7b: At the end of each term of the board members, the 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 a merger or dissolution. FORM 990 REVIEW PROCESS Form 990, Part VI, Section B, Line 11b: The CFO reviews the information listed on the Form 990 for accuracy before submitting it to the Board of Directors for approval. CONFLICT OF INTEREST POLICY Form 990, Part VI, Section B, Line 12c: Account status is reviewed for directors, officers and employees and there is an ethics hotline available for use by our members and employees. PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S CEO Form 990, Part VI, Section B, Line 15a: A performance appraisal is completed by the Board of Directors. External market data is gathered and a report on projected CEO increases with recommendations is prepared by an outside firm. The Board of Directors meets to review the data and recommends increases and the current total compensation package of the CEO. The Board then votes on the new salary. DOCUMENTS MADE AVAILABLE TO THE PUBLIC Form 990, Part VI, Section C, Line 19: The organization's governing documents, code of ethics, and financial statements are available upon request. The monthly financial statements are posted in each of the branches. Altura Credit Union Foundation 2847 Campus Parkway Riverside CA 92507 330625895 Grantmaking CA 501(c)(3) 07 Altura CU true Altura Group Inc and Subsidiary 2847 Campus Pkwy Riverside CA 92507 330466710 Holding Co. CA ACU C Corp 210101 3085404 1.00000 true false true false false false false false false false false false true false true true false false false false Altura Group Inc and Subsidiary L 114606 FMV