2013-11-12T15:05:24-06:00 2012-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2012-01-01 951797779 ORANGE COUNTY'S CREDIT UNION ORAN 7147555900 PO BOX 11777 SANTA ANA CA 92711 GREG KRAUSE 7147555900 2013-11-07 1 GERALD B KISSELL P00092658 6123324300 2012 2016-02-25 16:41:14Z SHRUTI MIYASHIRO PO BOX 11777 SANTA ANA CA 92711 50110479 0 1526 X WWW.ORANGECOUNTYSCU.ORG X 1938 CA OUR MISSION IS TO MAINTAIN FINANCIAL STRENGTH IN ORDER TO PROVIDE CONVENIENT ACCESS, EXCEPTIONAL SERVICE, AND FINANCIAL SOLUTIONS TO MEET THE UNIQUE NEEDS OF OUR DIVERSE MEMBERSHIP AND COMMUNITIES. 7 7 354 6 3388576 -1191287 0 0 42993836 42387342 5076696 7550250 0 0 48070532 49937592 4000 2000 5586996 4077663 16922383 18754271 0 0 0 20555873 19637618 43069252 42471552 5001280 7466040 988421132 1059130104 897955279 960090644 90465853 99039460 WE ARE A CALIFORNIA STATE CHARTERED CREDIT UNION THAT IS EXEMPT FROM CALIFORNIA FRANCHISE OR INCOME TAX UNDER REVENUE AND TAXATION CODE (R&TC) SECTION 23701Y. 0 0 ORANGE COUNTY'S CREDIT UNION OFFERS THE FOLLOWING LOAN PRODUCTS TO OUR MEMBERS: AUTOMOBILE, MORTGAGE, OTHER SECURED, UNSECURED, AND COMMERCIAL. AS OF DECEMBER 31, 2012 OUR LOAN PORTFOLIO HAD 21,470 LOANS OUTSTANDING TOTALLING $510.9 MILLION. ORANGE COUNTY'S CREDIT UNION OFFERS THE FOLLOWING SHARES ACCOUNTS TO OUR RETAIL AND COMMERICAL MEMBERSHIP: SAVINGS, CHECKING, MONEY MARKET, IRA, CERTIFICATE OF DEPOSIT, AND INVESTMENT SERVICES. AS OF DECEMBER 31, 2012 WE HAD 164,867 ACCOUNTS TOTALLING $939.5 MILLION. 0 0 1 0 0 0 0 1 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21928 0 1 354 1 1 1 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 GREG KRAUSE CFO 7147555900 PO BOX 11777 SANTA ANA CA 92711 DAN DILLON 1.00 X X 0 0 0 WALT KRAUSE 1.00 X X 0 0 0 GARY BURTON 1.00 X X 0 0 0 FRANK KIM 1.00 X X 0 0 0 CHRIS CHASE 1.00 X 0 0 0 MIKE JENSEN 1.00 X 0 0 0 VIKKI BEATLEY 1.00 X 0 0 0 SHRUTI MIYASHIRO 40.00 X 396404 0 349271 ROBERT GREGORY KRAUSE 40.00 X 213440 0 129924 LYNDA LEE SAVOIT 40.00 X 168128 0 104458 LAURA THOMPSON 40.00 X 159009 0 48193 GARY DUANE REBENSDORF 40.00 X 180807 0 29034 MONICA CHANDRA 40.00 X 339154 0 20705 CATHERINE BARAJAS 40.00 X 184251 0 16186 VALENTINA GERSHUNOFF 40.00 X 145704 0 17583 WARREN JEFFREY HARPER 40.00 X 135541 0 26824 DAHL ANN ROBINSON 40.00 X 130014 0 19169 2052452 0 761347 17 0 1 0 JACK HENRY & ASSOCIATES INC 663 W HIGHWAY 60 MONETT MO 657088215 CORE SOFTWARE SYSTEMS 1149379 INTUIT FINANCIAL SERVICES 21215 BURBANK BOULEVARD SUITE 100 WOODLAND HILLS CA 91367 ONLINE FINANCIAL MANAGEMENT 607352 BUSINESS DATA INCORPORATED 321 NORTH OAK STREET INGLEWOOD CA 90302 MAILING SERVICES FOR MEMBERS STATEMENTS 437280 O'LEARY AND PARTNERS 5000 BIRCH STREET NEWPORT BEACH CA 92660 ADVERTISING 391983 SETTLEMENTONE VALUATION CORP 2605 CAMINO DEL RIO SOUTH SAN DIEGO CA 92108 MORTGAGE SETTLEMENT SERVICES 358696 25 LOAN SERVICES 522100 27802045 27802045 OTHER 522100 8897277 5508701 3388576 FEES AND CHARGES 522100 5688020 5688020 42387342 5075994 5075994 2647143 0 172887 2647143 -172887 2474256 2474256 49937592 38998766 3388576 7550250 2000 4077663 1757367 13732854 398061 1722853 1143136 295550 57068 131996 12423 122229 1052277 1624078 1610871 1797940 98359 48190 550988 67395 1058645 1042065 OPERATIONS 4767718 PROVISION FOR LOAN LOSS 2889780 LOAN SERVICING 2194523 MISCELLANEOUS 132979 82544 42471552 135438915 80865174 2622657 2527624 493050590 491746310 36876701 14408864 22850906 22467837 307627657 416837332 26830407 44685827 988421132 1059130104 2668180 4229860 434308 561346 17250000 15750000 877602791 939549438 897955279 960090644 X 0 0 0 0 90465853 99039460 90465853 99039460 988421132 1059130104 X 7466040 1107567 X 0 1 X 1 0 5000 0 5000 5000 1 CALIFORNIA CREDIT UNION LEAGUE POLITICAL ACTION COMMITTEE 1201 K STREET SUITE 150 SACRAMENTO CA 95814 942329967 5000 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: PART I-A, LINE 1: OCCU MADE A CONTRIBUTION TO THE CALIFORNIA AND NEVADA CREDIT UNION LEAGUE POLITICAL ACTION COMMITTEE (PAC). THEIR PURPOSE IS TO SUPPORT CANDIDATES WHO SUPPORT CREDIT UNIONS. 0 1 X 4853741 4853741 17955825 4413155 13542670 3401961 2951156 450805 7655170 6090530 1564640 3010004 954023 2055981 22467837 INVESTMENT SECURITIES 416837332 F 416837332 MEMBER SHARE AND SAVINGS ACCOUNTS 939549438 939549438 X 50110479 0 50110479 -172887 -172887 49937592 42644439 0 42644439 -172887 -172887 42471552 PART IV, LINE 2B: THE CREDIT UNION HOLDS FUNDS IN ESCROW RELATED TO THE MORTGAGE LOANS OUTSTANDING. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE CREDIT UNION HAS FILED UBIT RETURNS (990-T) IN THE PAST, WHICH RESULTED IN NO INCOME TAXES PAID FOR THE YEARS ENDED DECEMBER 31, 2012 AND 2011. IN ADDITION, THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2012 AND 2011. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS RECLASSED FROM EXPENSES -172,887. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS RECLASSED FROM EXPENSES -172,887. X X X X X 0 1 0 SHRUTI MIYASHIRO 374319 0 20000 0 2085 0 313021 0 36250 0 745675 0 0 0 ROBERT GREGORY KRAUSE 204374 0 0 0 9066 0 123645 0 6279 0 343364 0 0 0 LYNDA LEE SAVOIT 164613 0 0 0 3515 0 95271 0 9187 0 272586 0 0 0 LAURA THOMPSON 154094 0 0 0 4915 0 38985 0 9208 0 207202 0 0 0 GARY DUANE REBENSDORF 141725 0 39082 0 0 0 17019 0 12015 0 209841 0 0 0 MONICA CHANDRA 36000 0 301714 0 1440 0 20000 0 705 0 359859 0 0 0 CATHERINE BARAJAS 69423 0 114828 0 0 0 15026 0 1160 0 200437 0 0 0 VALENTINA GERSHUNOFF 31436 0 101763 0 12505 0 11690 0 5893 0 163287 0 0 0 WARREN JEFFREY HARPER 135541 0 0 0 0 0 11407 0 15417 0 162365 0 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457F, NON-QUALIFIED RETIREMENT PLAN: SHRUTI MIYASHIRO LYNDA SAVOIT GREG KRAUSE LAURA THOMPSON THERE WERE NO DISTRIBUTIONS IN 2012. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S 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 INFORMATION TO COMPLETE FORM 990 IS PREPARED BY THE CONTROLLER, REVIEWED BY THE CFO, AND SUBMITTED TO CPA FOR COMPLETION. THE BOARD OF DIRECTORS REVIEWS FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OUR CONFLICT OF INTEREST POLICIES ARE POSTED ON THE CREDIT UNION'S INTRANET, AND ARE SIGNED BY EACH EMPLOYEE UPON EMPLOYMENT. IF WE HEAR OF A SITUATION WE TAKE ACTION. FORM 990, PART VI, SECTION B, LINE 15 OUR HR TEAM PARTICIPATES IN AT LEAST 3 SALARY SURVEYS AND ANALYZES THE DATA. PERSONNEL COMMITTEE APPROVES THE CEO SALARY. THE CEO AND VP OF HR APPROVE THE ANNUAL SALARY RANGES AND ADJUSTMENTS FOR OTHER OFFICES AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 AUDITED ANNUAL FINANCIAL STATEMENTS ARE PUBLISHED ON OUR WEB-SITE, AND INTERNAL MONTHLY STATEMENTS ARE POSTED AT OUR BRANCH LOCATIONS. BYLAWS AND THE ARTICLES OF INCORPORATION ARE AVAILABLE UPON REQUEST. CONFLICTS OF INTEREST POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN UNREALIZED GAIN ON AFS 1,107,567.