2012-08-09T19:41:08-05:00 2011-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2011-01-01 941242831 TRAVIS CREDIT UNION TRAV 7074691671 PO BOX 2069 VACAVILLE CA 95696 PATSY VAN OUWERKERK 7074691671 2012-07-31 1 VALENTINO CREUS CPA P01054153 8189549700 2011 2016-02-24 21:20:13Z PATSY VAN OUWERKERK PO BOX 2069 VACAVILLE CA 95696 111496535 0 X WWW.TRAVISCU.ORG X CREDIT UNION 1951 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 553 12 415275 -100138 0 0 87441637 86505891 13067069 14808870 3403967 267117 103912673 101581878 0 10000 0 0 28330466 31304576 0 0 0 51673728 48612696 80004194 79927272 23908479 21654606 1798432819 1920132626 1620945331 1721358106 177487488 198774520 X A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT ANDSAVINGS 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, TRAVIS CREDIT UNION CONDUCTSITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITSMEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 TRAVIS CREDIT UNION PROVIDES A VARIETY OF LOANS INCLUDING AUTO, MORTGAGES, CREDIT CARD, SMALL BUSINESS AND UNSECURED AT COMPETITIVE RATES FOR OUR MEMBERSHIP, THEREBY, ASSISTING THEM MANAGE THEIR FINANCIAL HEALTH AND GROWTH IN THE FUTURE. TRAVIS CREDIT UNION PROVIDES A VARIETY OF SAVINGS ACCOUNTS INCLUDING SAVINGS, DEMAND, MONEY MARKET, CERTIFICATES AND INVESTMENTS AT COMPETITIVE RATES, THEREBY, ASSISTING THEM MANAGE THEIR FINANCIAL HEALTH AND GROWTH IN THE FUTURE. TRAVIS CREDIT UNION PROVIDES FINANCIAL SERVICES TO OUR MEMBERSHIP WHICH ARE SMALL BUSINESS OWNERS DEVELOPING THEIR OWN BUSINESSES IN THE COMMUNITY. THESE MEMBERS PROVIDE VALUED SERVICES AND EMPLOYMENT TO OUR COMMUNITY MEMBERS THEREBY PROVIDING FUTURE GROWTH AND A STRONGER QUALITY OF LIFE. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 54343 0 1 553 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 MARTIN FLEISCHER CPA 7074691671 PO BOX 2069 VACAVILLE CA 95696 CURT NEWLAND 1.00 X 3760 0 0 PATRICIA MORENO 1.00 X 2548 0 0 TOM KULINSKI 1.00 X 608 0 0 MARY COBURN 1.00 X 3718 0 0 LEN AUGUSTINE 1.00 X 0 0 0 TIM TRUESDALE 1.00 X 833 0 0 ANN ROLLIN 1.00 X 0 0 0 DEBORAH ASPLING 1.00 X 4091 0 0 DEE ALARCON 1.00 X 1417 0 0 ARTURO REYES 1.00 X 2737 0 0 JOHANNA BENKER 1.00 X 0 0 0 THOMAS WATKINS 1.00 X 0 0 0 PATSY VAN OUWERKERK 40.00 X 710635 0 35261 LILA DRESSEN 40.00 X 318588 0 41934 BARRY NELSON 40.00 X 241661 0 39336 NAVNEET KHANNA 40.00 X 209837 0 44411 RICHARD ROARK 40.00 X 202942 0 20598 ARIC N KOSHIYAMA 40.00 X 232363 0 23741 DAVID PURCELL 40.00 X 175762 0 33655 GLORIA NUNEZ 40.00 X 174260 0 38522 CHRIS DANIELS 40.00 X 171512 0 18323 CATHY RIOS 40.00 X 165322 0 39760 STACY FIFIELD 40.00 X 147407 0 23278 STEVEN LANGLEY 40.00 X 146973 0 33293 MISUN THOMPSON 40.00 X 134480 0 35123 CRAIG BEAUDRY 40.00 X 132729 0 23568 CRAIG CRISMON 40.00 X 130547 0 31010 3314730 0 481813 28 0 1 0 0 INTEREST ON LOANS 522100 65467920 65467920 OTHER OPERATING INCOME 522100 12177690 12154874 22816 FEE INCOME 522100 8860281 8467822 392459 86505891 14994943 14994943 8983666 744918 8889048 1025609 94618 -280691 -186073 -186073 OTHER NON-OPERATING IN 522100 267117 267117 267117 101581878 101166603 415275 0 10000 3314730 21109365 1028819 3903563 1948099 185729 91730 741496 2658495 8001853 2695642 3930288 580343 9191800 3279843 4136223 PROV. FOR LOAN LOSSES 6566758 LOAN SERVICING EXPENSE 5211852 MISC OPERATING EXPENSES 1177625 OPERATING FEES 152294 10725 79927272 9901605 12127969 124651533 89555204 4231878 5371937 1995137 2100527 68846497 32598210 37532975 36248287 478015039 802706858 1124331133 949347113 1644332 1360081 16129187 21314650 1798432819 1920132626 10680337 13224558 1610264994 1708133548 1620945331 1721358106 X 0 0 0 0 177487488 198774520 177487488 198774520 1798432819 1920132626 X 21654606 -367574 X X 0 1 1 X 0 5709681 5709681 34165889 9623642 24542247 7250681 4910020 2340661 21720246 18064548 3655698 36248287 ALL OTHER INVESTMENTS 7825800 F LOANS HELD FOR SALE 1740480 F LOANS & LEASES 924230669 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 15550164 F 949347113 ACCRUED DIVIDENDS & INTEREST PAYABLE 662522 MEMBER SHARES & DEPOSITS 1707471026 1708133548 101581878 79927272 21654606 -367574 -367574 21287032 101426362 0 101426362 155515 155515 101581877 79771757 0 79771757 155515 155515 79927272 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: FASB ACCOUNTING STANDARDS CODIFICATION 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" OF BEING 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 DECEMBER 31, 2011, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. PART XII, LINE 4B - OTHER ADJUSTMENTS: ITEMS RECLASSIFIED BETWEEN REVENUE AND EXPENSE 155,515. PART XIII, LINE 4B - OTHER ADJUSTMENTS: ITEMS RECLASSIFIED BETWEEN REVENUE AND EXPENSE 155,515. 0 TRAVIS FISHER HOUSE 101 BODIN CIRCLE TRAVIS AIR FORCE BASE CA 94535 680038761 501(C)(3) 10000 FMV PROVIDE HOUSING FOR FAMILIES OF LONG TERM PATIENTS X 1 1 X X X X 0 1 0 PATSY VAN OUWERKERK 429615 0 75191 0 205829 0 20500 0 14761 0 745896 0 0 0 LILA DRESSEN 272770 0 38693 0 7125 0 20500 0 21434 0 360522 0 0 0 BARRY NELSON 204038 0 24390 0 13233 0 18676 0 20660 0 280997 0 0 0 NAVNEET KHANNA 181425 0 21913 0 6499 0 17531 0 26880 0 254248 0 0 0 RICHARD ROARK 172542 0 20844 0 9556 0 1950 0 18648 0 223540 0 0 0 ARIC N KOSHIYAMA 33021 0 199299 0 43 0 10346 0 13395 0 256104 0 0 0 DAVID PURCELL 150234 0 16703 0 8825 0 16090 0 17565 0 209417 0 0 0 GLORIA NUNEZ 148023 0 15956 0 10281 0 15949 0 22573 0 212782 0 0 0 CHRIS DANIELS 147487 0 15455 0 8570 0 15552 0 2771 0 189835 0 0 0 CATHY RIOS 142542 0 15421 0 7359 0 15587 0 24173 0 205082 0 0 0 STACY FIFIELD 127774 0 13172 0 6461 0 14647 0 8631 0 170685 0 0 0 STEVEN LANGLEY 124175 0 13437 0 9361 0 14765 0 18528 0 180266 0 0 0 MISUN THOMPSON 116163 0 12293 0 6024 0 14354 0 20769 0 169603 0 0 0 CRAIG BEAUDRY 123580 0 8863 0 286 0 5041 0 18527 0 156297 0 0 0 CRAIG CRISMON 120052 0 8808 0 1687 0 6341 0 24669 0 161557 0 0 0 CURT NEWLAND FIRST MORTGAGE X 262000 222643 0 1 1 CURT NEWLAND HOME EQUITY X 120000 102025 0 1 1 TOM KULINSKI CREDIT CARD X 0 3556 0 1 1 MARY COBURN CREDIT CARD X 0 64 0 1 1 ARTURO REYES CREDIT CARD X 0 12083 0 1 1 PATSY VAN OUWERKERK FIRST MORTGAGE X 503000 396296 0 1 1 PATSY VAN OUWERKERK HOME EQUITY LINE X 0 333431 0 1 1 PATSY VAN OUWERKERK CREDIT CARD X 0 18038 0 1 1 LILA DRESSEN FIRST MORTGAGE X 240000 13593 0 0 1 BARRY NELSON FIRST MORTGAGE X 286000 201048 0 0 1 BARRY NELSON HOME EQUITY X 0 12662 0 0 1 BARRY NELSON AUTOMOBILE X 25579 6362 0 0 1 RICHARD ROARK CREDIT CARD X 0 4996 0 0 1 NAVNEET KHANNA FIRST MORTGAGE X 579000 550755 0 0 1 NAVNEET KHANNA CREDIT CARD X 0 194 0 0 1 DAVID PURCELL FIRST MORTGAGE X 335000 257715 0 0 1 DAVID PURCELL CREDIT CARD X 0 12808 0 0 1 GLORIA NUNEZ FIRST MORTGAGE X 312800 295936 0 0 1 GLORIA NUNEZ SECOND MORTGAGE X 60000 23271 0 0 1 GLORIA NUNEZ CREDIT CARD X 0 3564 0 0 1 CHRIS DANIELS FIRST MORTGAGE X 102097 63735 0 0 1 CHRIS DANIELS FIRST MORTGAGE X 340000 320934 0 0 1 CHRIS DANIELS HOME EQUITY X 0 170916 0 0 1 CHRIS DANIELS AUTOMOBILE X 15000 14244 0 0 1 CHRIS DANIELS CREDIT CARD X 0 8662 0 0 1 CATHY RIOS AUTOMOBILE X 22049 14120 0 0 1 CATHY RIOS CREDIT CARD X 0 13 0 0 1 STEVE LANGLEY FIRST MORTGAGE X 220000 207890 0 0 1 CRAIG BEAUDRY CREDIT CARD X 0 5765 0 0 1 STEVE LANGLEY CREDIT CARD X 0 195 0 0 1 CRAIG CRISMON FIRST MORTGAGE X 375000 342675 0 0 1 STEVE LANGLEY HOME EQUITY X 0 4269 0 0 1 CRAIG CRISMON HOME EQUITY X 0 39610 0 0 1 PAT MORENO CREDIT CARD X 0 577 0 1 1 ANN ROLLIN CREDIT CARD X 0 2070 0 1 1 DEE ALARCON CREDIT CARD X 0 3942 0 1 1 ANN ROLLIN FIRST MORTGAGE X 138000 132784 0 1 1 DEBORAH ASPLING FIRST MORTGAGE X 100000 100000 0 1 1 JOHANNA BENKER FIRST MORTGAGE X 255700 254419 0 1 1 GLORIA NUNEZ SHARE SECURED X 25000 22901 0 0 1 GLORIA NUNEZ CREDIT CARD X 0 1553 0 0 1 CHRIS DANIELS AUTOMOBILE X 8215 3306 0 0 1 CATHY RIOS FIRST MORTGAGE X 541400 541400 0 0 1 CATHY RIOS FIRST MORTGAGE X 206000 206000 0 0 1 STACY FIFIELD AUTOMOBILE X 35000 32545 0 0 1 STACY FIFIELD CREDIT CARD X 0 11982 0 0 1 MISUN THOMPSON FIRST MORTGAGE X 405000 329873 0 0 1 MISUN THOMPSON AUTOMOBILE X 13412 7434 0 0 1 MISUN THOMPSON CREDIT CARD X 0 1891 0 0 1 CRAIG BEAUDRY AUTOMOBILE X 55192 55192 0 0 1 5371937 CHRIS DANIELS VP ADMIN 14210 RENT PAID TO ENTITY FOR WHICH CHRIS DANIELS IS A BOARD MEMBER 0 FORM 990, PART VI, SECTION A, LINE 6 TRAVIS 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. TRAVIS CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF TRAVIS 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 EACH BOARD MEMBER SHALL RECEIVE A COMPLETED DRAFT OF THE FORM 990 FOR REVIEW PRIOR TO FILING EACH YEAR. FORM 990, PART VI, SECTION B, LINE 12C ON A MONTHLY BASIS, MEMBERS OF THE BOARD ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST OR CONCERNS AND RECUSE THEMSELVES WHEN NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 TRAVIS CREDIT UNION PARTICIPATES IN FOUR TO FIVE NATIONAL AND INDUSTRY SPECIFIC SURVEYS TO BENCHMARK BASE SALARY, BONUS AND RETIREMENT BENEFITS FOR ALL KEY EMPLOYEES, SALARIED EMPLOYEES, TO INCLUDE THE CEO, EVP, AND ALL VPS. THESE SURVEYS ARE CONDUCTED AT LEAST ANNUALLY. 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 THE CONFLICT OF INTEREST POLICY IS INCLUDED IN OUR CORPORATE BYLAWS, OUR GOVERNING DOCUMENTS, WHICH ARE AVAILABLE UPON REQUEST. OUR MONTHLY FINANCIAL STATEMENTS ARE DISPLAYED AT ALL OF OUR BRANCH LOCATIONS AS WELL AS CORPORATE HEADQUARTERS. OUR YEAR END AUDITED FINANCIAL STATEMENTS ARE PRESENTED IN OUR ANNUAL MEETING AND WE FILE OUR CALL REPORTS ON A QUARTERLY BASIS WITH THE NCUA AND DFI. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -367,574. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.