2013-06-03T14:08:07-05:00 2012-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2012-01-01 941530642 SACRAMENTO CREDIT UNION SACR 9164446070 PO BOX 2351 SACRAMENTO CA 958122351 JAMES BATSON 9164446070 2013-05-14 1 GERALD B KISSELL P00092658 6123324300 2012 2016-03-07 17:11:31Z JERROLD A KINLOCK PO BOX 2351 SACRAMENTO CA 958122351 15462606 0 1526 X WWW.SACTOCU.ORG X 1935 CA SACRAMENTO CREDIT UNION'S MISSION IS TO PROVIDE PROMPT, COMPETITIVE, QUALITY CONSUMER FINANCIAL SERVICES TO OUR MEMBERS IN A FRIENDLY, PROFESSIONAL, AND PRUDENT MANNER. 7 7 99 0 97509 -38241 0 0 12137742 13112419 2005090 1973944 42976 244054 14185808 15330417 0 0 1340121 956424 5102165 5599618 0 0 0 6684870 4490161 13127156 11046203 1058652 4284214 340396047 351148912 301699483 308168134 38696564 42980778 X SACRAMENTO CREDIT UNION'S MISSION IS TO PROVIDE PROMPT, COMPETITIVE, QUALITY CONSUMER FINANCIAL SERVICES TO OUR MEMBERS IN A FRIENDLY, PROFESSIONAL, AND PRUDENT MANNER. 0 0 ESTABLISHED MARCH 18 1935, SACRAMENTO CREDIT UNION(SCU) IS INCORPORATED UNDER SECTION 14100 OF THE CREDIT UNION DIVISION OF THE STATE OF CALIFORNIA DEPARTMENT OF FINANCIAL INSTITUTIONS. ORIGINALLY CHARTERED TO PROVIDE FINANCIAL PRODUCTS AND SERVICES TO EMPLOYEES OF SOUTHERN PACIFIC RAILROAD AND SACRAMENTO COUNTY, SCU HAS SINCE BECOME A COMMUNITY CREDIT UNION SERVING 24,924 MEMBERS ACROSS THE FOLLOWING COUNTIES: EL DORADO, PLACER, SOLANO, SUTTER, YOLO AND YUBA. COMPOSED OF INDIVIDUALS, CORPORATIONS, PARTNERSHIPS AND OTHER LEGAL ENTITIES, SCU MAINTAINS THE STANDARDS OF A TRADITIONAL MEMBER-OWNED COOPERATIVE WHILE PROVIDING SUPERIOR FINANCIAL SERVICES AT SEVEN LOCATIONS AS WELL AS CONVENIENT PAYMENT OPPORTUNITIES AFFORDED BY ON-LINE BANKING, BILL PAY, POINT-OF-SALE AND ATM TRANSACTIONS WITH SURCHARGE-FREE ACCESS AT 28,000 ATMS, INCLUDING 9,000 DEPOSIT-TAKING AND 5,500 7-ELEVEN LOCATIONS THROUGHOUT THE U.S. AND CANADA.SCU OFFERS A WIDE RANGE OF COMPETIVELY PRICED CONSUMER LOAN PRODUCTS TO HELP MEMBERS WITH FINANCING FOR VEHICLES AND FIRST MORTGAGES. FINANCING IS ALSO AVAILABLE IN THE FORM OF SECURED AND UNSECURED LINES OF CREDIT. REGARDING THE LATTER, SCU OFFERS VISA PLATINUM CARDS BOTH WITH AND WITHOUT THE POPULAR REWARDS FEATURE.SCU OFFERS A BROAD RANGE OF DEPOSIT PRODUCTS TO ASSIST MEMBERS IN MANAGING CASH FLOW AND SAVING FOR THE FUTURE. INSURED TO AT LEAST $250,000 AND BACKED BY THE FULL FAITH AND CREDIT OF THE FEDERAL GOVERMENT, SAVINGS OPPORTUNITIES INCLUDE THE FOLLOWING COMPETITIVELY PRICED ACCOUNTS: REGULAR, CLUB, CHRISTMAS, IRA, MONEY MARKET, REGULAR AND REWARDS CHECKING AND CERTIFICATES OF DEPOSIT. SAVINGS IS MADE CONVENIENT VIA DIRECT DEPOSIT OF NET PAYCHECK AS WELL AS ANY OTHER RECURRING SOURCE OF CASH INFLOW. THROUGH ON-LINE BANKING OR TELEPHONE VOICE RESPONSE, MEMBERS CAN EASILY TRANSFER FUNDS BETWEEN SAVINGS ACCOUNTS OR MAKE PAYMENT ON LOANS. ALSO AVAILABLE ARE PREMIUM QUALITY INVESTMENT SERVICES PROVIDED BY CERTIFIED IN-HOUSE FINANCIAL CONSULTINGSCU NOW OFFERS COMMERCIAL SERVICES INCLUDING CASH MANAGEMENT, COMMERCIAL CONSTRUCTION LOANS, COMMERCIAL REAL ESTATE LOANS, AND SBA LOANS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 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 6819 0 1 99 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 JIM BATSON 9164446070 PO BOX 2351 SACRAMENTO CA 958122351 ANNEMARIE BOYLAN 1.00 X X 0 0 0 MARK NORRIS 1.00 X X 0 0 0 JAN REEVES 1.00 X X 0 0 0 LES BROWN 1.00 X X 0 0 0 JUDY MCGARRY 1.00 X 0 0 0 WILLIE L SOUTHWARD III 1.00 X 0 0 0 TERRY TICE 1.00 X 0 0 0 LINDA FOSTER-HALL 1.00 X 0 0 0 JERROLD A KINLOCK 40.00 X 239281 0 133396 JAMES D BATSON 40.00 X 113402 0 17111 TARIK ELDIN 40.00 X 253210 0 38997 DERI ROSS 40.00 X 226844 0 30011 832737 0 219515 4 0 1 0 MASTER CRAFT BUILDERS 5555 AGUILAR ROAD ROCKLIN CA 95677 CONSTRUCTION CONTRACTOR 319497 JACK HENRY & ASSOCIATES INC 1100 OLIVE WAY SUITE 320 SEATTLE WA 981011861 CARD PROCESSOR 317384 HARLAND FINANCIAL SOLUTION PO BOX 535120 ATLANTA GA 303535120 DATA PROCESSING 215469 INFO IMAGE 141 JEFFERSON DRIVE MENLO PARK CA 94025 STATEMENT VENDOR 131167 PSCU FINANCIAL SERVICES INC 560 CARILLON PARKWAY ST PETERSBURG FL 33716 ONLINE BILLPAY PROVIDER 120195 6 NET LOAN PORTFOLIO 522100 6423916 6423916 OTHER INCOME 522100 4690132 4592623 97509 FEE INCOME 522100 1998371 1998371 13112419 1969850 1969850 237675 132189 105486 105486 105486 4094 0 4094 4094 4094 457F PLAN INCOME 522100 138568 138568 138568 15330417 13153478 97509 2079430 956424 503190 3762791 1333637 162595 94236 242920 693323 491303 52246 41 451159 59932 VISA OPERATIONS 600398 ATM OPERATIONS 544638 TCCUSF ASSESSMENT 285933 PROVISION FOR BAD DEBT -112790 924227 11046203 2634307 2061356 145150 60386 124243736 129049090 356410 333563 10567789 7177738 3707463 3390051 200154747 207201799 9154234 9052667 340396047 351148912 3103384 3474317 298596099 304693817 301699483 308168134 X 0 0 0 0 38696564 42980778 38696564 42980778 340396047 351148912 4284214 0 X 0 1 X 1 0 233500 233500 5086769 3138317 1948452 1177540 373085 804455 4041330 3666336 374994 28650 28650 3390051 SURPLUS LIQUIDITY 207201799 C 207201799 CORE DEPOSITS 89391843 MONEY MARKET 82533102 SHAREDRAFT WITH DIVIDENDS 60458394 SHAREDRAFT WITHOUT DIVIDENDS 20131525 IRA SHARES: ROTH & EDUCATION 828488 IRA SHARES: TRADITIONAL 3817188 IRA CERTIFICATES 9121823 SHARE CERTIFICATES 38411454 304693817 X X X X 0 1 0 JERROLD A KINLOCK 219870 0 0 0 19411 0 110793 0 22603 0 372677 0 0 0 TARIK ELDIN 22984 0 6094 0 224132 0 23639 0 15358 0 292207 0 0 0 DERI ROSS 614 0 0 0 226230 0 24061 0 5950 0 256855 0 0 0 PART I, LINE 4B JERROD A. KINLOCK, PRESIDENT/CEO PARTICIPATED IN A 457(F), NON-QUALIFIED RETIREMENT PLAN. THERE WERE NO DISBURSEMENTS 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, OR 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 FORM 990 WILL BE REVIEWED BY THE CFO AND ACCOUNTING MANAGER AND THEN FORWARDED TO MEMBERS OF THE BOARD OF DIRECTORS ASKING THEIR EXPRESS APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C MANAGERS ARE RESPONSIBLE AND HELD ACCOUNTABLE FOR SUPERVISING THE DAILY TRANSACTIONS AND ACTIVITIES PERFORMED WITHIN THEIR RESPECTIVE DEPARTMENTS INCLUDING, BUT NOT LIMITED TO, MONITORING ALL GIFTS AND GRATUITIES RECEIVED BY STAFF FROM VENDORS OR MEMBERS AND MONITORING FOR OUTSIDE EMPLOYMENT BY STAFF THAT COULD POSE A POTENTIAL CONFLICT OF INTEREST. MANAGERS ARE RESPONSIBLE FOR DOCUMENTING ALL SITUATIONS THAT MAY PRESENT A CONFLICT OF INTEREST AND FOR BRINGING TO A VICE PRESIDENT'S ATTENTION ANY AND ALL VIOLATIONS OF POLICY. VICE PRESIDENTS ARE RESPONSIBLE FOR SUPERVISING ALL TRANSACTIONS AND ACTIVITIES PERFORMED BY MANAGERS. COMPLIANCE WITH POLICY IS ENFORCED THROUGH THE USE OF THE DISCIPLINARY PROCESS FOR FAILURE TO DISCLOSE INFORMATION RELATIVE TO A POTENTIAL CONFLICT OF INTEREST AND FOR ANY AND ALL VIOLATIONS OF POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION EXECUTIVE SOCIETY AND WESTERN MANAGEMENT COMPENSATION SURVEYS ARE UTILIZED AS COMPARABLE DATA FOR ESTABLISHING SALARY RANGES. WHEN SETTING OFFICER AND KEY EMPLOYEE COMPENSATION, FACTORS TAKEN INTO CONSIDERATION ARE COMPA RATIO, SUBJECT EXPERTISE, INDUSTRY EXPERIENCE, JOB TENURE AND JOB PERFORMANCE. THE CEO RECOMMENDS VICE PRESIDENTS' SALARY RANGES AND SALARIES TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS CONSULTS WITH A THIRD PARTY TO ESTABLISH THE CEO'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE BYLAWS ARE PROVIDED TO MEMBERS UPON MEMBER REQUEST. CONFLICT OF INTEREST POLICIES ARE NOT MADE AVAILABLE. MONTHLY FINANCIAL STATEMENTS ARE POSTED IN BRANCH LOBBIES.