2012-11-12T13:15:36-06:00 2011-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2011-01-01 946069237 STAR ONE CREDIT UNION STAR 4085435028 1306 BORDEAUX DRIVE SUNNYVALE CA 94089 RICK HELDEBRANT 4085435028 2012-10-31 1 VALENTINO CREUS CPA P01054153 8189549700 2011 2016-02-24 21:20:13Z RICK HELDEBRANT 1306 BORDEAUX DRIVE SUNNYVALE CA 94089 197644909 0 X WWW.STARONE.ORG X CREDIT UNION 1956 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 181 14 169240 -79369 0 0 111895947 112037404 71679475 59952245 379044 21886 183954466 172011535 0 100000 0 0 21266132 23596789 0 0 0 104732805 93278011 125998937 116974800 57955529 55036735 5431567751 5931891886 4833670870 5269303382 597896881 662588504 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, STAR ONE 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 STAR ONE CREDIT UNION PROVIDED SERVICES TO 88,852 MEMBERS WITH SAVINGS AND LOAN ACCOUNTS. STAR ONE OFFERS STUDENT LOANS TO GRADUATE AND UNDERGRADUATE STUDENTS. STAR ONE CREDIT UNION PROVIDED 5,690 LOANS TOTALLING $709,332,710 IN 2011. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 88438 0 1 181 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X ANN SEBASTIAN 4085435028 1306 BORDEAUX DRIVE SUNNYVALE CA 94089 G ADAMS 1.00 X 1230 0 0 J MORELLI 1.00 X 1739 0 0 D ABIHIDER 1.00 X 3964 0 0 S DUNLAP 1.00 X 2871 0 0 D MANASSAU 1.00 X 2375 0 0 D FLOWE 1.00 X 2564 0 0 P HUMECKE 1.00 X 0 0 0 B BACHANT 1.00 X 0 0 0 D DAGGETT 1.00 X 0 0 0 J GAUT 1.00 X 0 0 0 M ENG 1.00 X 0 0 0 C GOEAS 1.00 X 0 0 0 L VARR 1.00 X 1771 0 0 R AOCHI 1.00 X 1844 0 0 R HELDEBRANT 40.00 X 715812 0 133684 G RODRIGUES 40.00 X 357575 0 161334 C SAFBERG 40.00 X 347912 0 225040 B ROSS 40.00 X 272118 0 85937 K COLLINS 40.00 X 253181 0 164916 R MCALPINE 40.00 X 241618 0 178791 J FAGENSTROM 40.00 X 221166 0 95272 L BRUBAKER 40.00 X 222694 0 139020 S MOIX 40.00 X 224036 0 102742 J NICHOLS 40.00 X 220284 0 58759 3094754 0 1345495 35 0 1 0 INTUIT FINANCIAL SERVICES P O BOX 515306 LOS ANGELES CA 900516606 WEBSITE 686154 BUSINESS DATA INC P O BOX 6081 INGLEWOOD CA 90312 STATEMENT PROCESSING 623883 XP SYSTEMS 75 REMITTANCE DR 6963 CHICAGO IL 606756963 CORE PROCESSOR 598272 TOM DAVIS 265 MERIDIAN AVE 10 SAN JOSE CA 95126 APPRAISAL SERVICES 333825 JP GRAPHICS INC 3310 WOODWARD AVE SANTA CLARA CA 950542110 PRINTING & BINDING SVCS 332013 14 INTEREST ON LOANS 522100 103641107 103641107 OTHER OPERATING INCOME 522100 4245655 4204579 41076 FEE INCOME 522100 4150642 4022478 128164 112037404 58828645 58828645 26756033 941 25632671 703 1123362 238 1123600 1123600 NON-OPERATING INCOME 522100 21886 21886 21886 172011535 171842295 169240 0 100000 3094754 9515306 6123321 3813438 1049970 59000 144214 74221 1004983 1578032 3970723 1383947 1436897 409945 68833628 1806182 5666194 PROV. FOR LOAN LOSSES 3083901 LOAN SERVICING EXPENSE 2203196 MISC OPERATING EXPENSE 1179621 OPERATING FEES 443327 116974800 5867726 5574537 133729122 191092555 2727669 1178049 1040506 30824200 17363781 14694705 13460419 2009949215 2774488680 3219528438 2898566744 46620496 44940776 5431567751 5931891886 33837274 39610753 4799833596 5229692629 4833670870 5269303382 X 0 0 0 0 597896881 662588504 597896881 662588504 5431567751 5931891886 X 55036735 9654888 X X 0 1 1 X 0 10000 10000 10000 1 CCUL STATEWIDE PAC 1201 K STREET SUITE 1050 SACRAMENTO CA 95814 940357265 6000 BAY AREA PAC PO BOX 193919 SAN FRANCISCO CA 94119 743032874 4000 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: PART I-A, LINE 1: CONTRIBUTION TO CALIFORNIA CREDIT UNION LEAGUE TO PROMOTE TRADE INFORMATION PERTAINING TO CREDIT UNIONS. 3584464 3584464 7599440 1720093 5879347 5118400 2601300 2517100 14521896 13042388 1479508 13460419 ALL OTHER INVESTMENTS IN CORP. CUS 250500000 F ALL OTHER INVESTMENTS 49975900 F NET LOANS AND LEASES 2560955813 F NCUA SHARE INSURANCE DEPOSIT 35985031 F DEPOSITS IN COMMERCIAL BANKS 250000 F MEMBERSHIP CAPITAL AT CORP. CUS 900000 F 2898566744 ALL OTHER LIABILITIES 1045317000 MEMBER SHARES AND DEPOSITS 4184375629 5229692629 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: FASB CODIFICATION TOPIC 740, 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 POSITION 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 NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEAR ENDED SEPTEMBER 30, 2011, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. X 1 1 X X X X 0 1 0 R HELDEBRANT 501095 0 209686 0 5031 0 107909 0 25775 0 849496 0 0 0 G RODRIGUES 271698 0 70581 0 15296 0 132730 0 28604 0 518909 0 0 0 C SAFBERG 274595 0 72075 0 1242 0 206224 0 18816 0 572952 0 0 0 B ROSS 222229 0 49079 0 810 0 60382 0 25555 0 358055 0 0 0 K COLLINS 200526 0 50364 0 2291 0 142078 0 22838 0 418097 0 0 0 R MCALPINE 197565 0 40960 0 3093 0 155704 0 23087 0 420409 0 0 0 J FAGENSTROM 183192 0 37265 0 709 0 85406 0 9866 0 316438 0 0 0 L BRUBAKER 180682 0 38963 0 3049 0 131242 0 7778 0 361714 0 0 0 S MOIX 180605 0 37518 0 5913 0 98125 0 4617 0 326778 0 0 0 J NICHOLS 180987 0 35942 0 3355 0 49296 0 9463 0 279043 0 0 0 PART I, LINE 4B THE 457(B) IS AN UNFUNDED ELIGIBLE DEFERRED COMPENSATION PLAN FOR THE CREDIT UNION TO PROVIDE RETIREMENT BENEFITS AND INCIDENTAL BENEFITS TO HIGHLY COMPENSATED EMPLOYEES. PARTICIPANTS ARE THOSE EMPLOYEES RECEIVING COMPENSATION OVER $120,000. THE 457(F) SERP PLAN PROVIDES HIGHLY COMPENSATED EMPLOYEES WITH SUPPLEMENTAL RETIREMENT INCOME. THE PLAN HAS NO CONTRIBUTION LIMITS OR RESTRICTIONS, DOES NOT RECEIVE CONTRIBUTIONS FROM THE EXECUTIVE AND PROVIDES A LUMP SUM TO THE EXECUTIVE. THE PLAN ASSETS ARE THE ASSETS OF THE CREDIT UNION AND ARE SUBJECT TO CLAIMS OF CREDITORS. PARTICIPANTS ARE RICK HELDEBRANT, GARY RODRIGUES, CAROL SAFBERG, KEVIN COLLINS AND BRIAN ROSS. C SAFBERG 1ST MORTGAGE X 623000 392042 0 0 1 B ROSS 1ST MORTGAGE X 807500 658917 0 0 1 B ROSS AUTO X 37579 25913 0 0 1 K COLLINS 1ST MORTGAGE X 435000 372996 0 0 1 R MCALPINE 1ST MORTGAGE X 343200 220688 0 0 1 J FAGENSTROM 1ST MORTGAGE X 486750 410611 0 0 1 J FAGENSTROM AUTO X 28278 19563 0 0 1 S MOIX 1ST MORTGAGE X 712500 575803 0 0 1 S MOIX AUTO X 47935 24864 0 0 1 J NICHOLS AUTO X 56700 26272 0 0 1 2727669 FORM 990, PART VI, SECTION A, LINE 6 STAR ONE 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. STAR ONE CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF STAR ONE 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 CONTROLLER, EXECUTIVE VPS, CEO, AND BOARD OF DIRECTORS RECEIVE A COMPLETED DRAFT OF THE FORM 990 FOR REVIEW PRIOR TO FILING EACH YEAR. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, ALL EMPLOYEES ARE REQUIRED TO READ, SIGN, AND SUBMIT THE CODE OF CONDUCT PLEDGE TO HUMAN RESOURCES. FORM 990, PART VI, SECTION B, LINE 15 STAR ONE CREDIT UNION USES CONSULTING FIRMS AND INDUSTRY SPECIFIC SURVEYS TO DELIBERATE COMPANY EMPLOYEES' COMPENSATION. THE GOVERNING BOARD APPROVES THE CEO'S COMPENSATION PACKAGE AFTER IT HAS BEEN THOROUGHLY REVIEWED AND RECOMMENDED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN BRANCHES AND ON THE STAR ONE WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 12,881,297. CHANGE IN OCI -3,226,409. TOTAL TO FORM 990, PART XI, LINE 5: 9,654,888. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.