TECHNOLOGY CREDIT UNION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- TECHNOLOGY CREDIT UNION (EIN 94-1651781)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-14
- IRS object ID
- 201213199349307101
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-14T18:18:27-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 954083485 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TURNER WARREN HWANG & CONRAD ACCTCY | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 NORTH FIRST ST STE 202 | AddressLine1 |
| City | BURBANK | City |
| State | CA | State |
| ZIP Code | 91502 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 941651781 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TECHNOLOGY CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | TECH | NameControl |
| Phone | 4084519111 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2010 NORTH FIRST STREET NO 301 | AddressLine1 |
| City | SAN JOSE | City |
| State | CA | State |
| ZIP Code | 95131 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TODD HARRIS | Name |
| Title | EVP CFO/CAO | Title |
| Phone | 4084414748 | Phone |
| Date Signed | 2012-11-12 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8189549700 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | TODD HARRIS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2010 NORTH FIRST STREET NO 301 | AddressLine1 |
| City | SAN JOSE | City |
| State | CA | State |
| ZIP Code | 95131 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 64848852 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.TECHCU.COM | WebSite |
| Type Of Organization Other | X | TypeOfOrganizationOther |
| Type Of Org Other Description | CREDIT UNION | TypeOfOrgOtherDescription |
| Year Formation | 1960 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 8 | NbrIndependentVotingMembers |
| Total Nbr Employees | 301 | TotalNbrEmployees |
| Total Nbr Volunteers | 11 | TotalNbrVolunteers |
| Total Gross UBI | 381277 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -399721 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 58035650 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 53263093 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3204303 | InvestmentIncomePriorYear |
| Investment Income Current Year | 8683950 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 311111 | OtherRevenuePriorYear |
| Other Revenue Current Year | 40332 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 61551064 | TotalRevenuePriorYear |
| Total Revenue Current Year | 61987375 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1614 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 21803552 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 23815228 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 37237826 | OtherExpensePriorYear |
| Other Expenses Current Year | 34304631 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 59041378 | TotalExpensesPriorYear |
| Total Expenses Current Year | 58121473 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2509686 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 3865902 | RevenuesLessExpensesCY |
| Total Assets BOY | 1468952523 | TotalAssetsBOY |
| Total Assets EOY | 1559265262 | TotalAssetsEOY |
| Total Liabilities BOY | 1322586179 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1398572491 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 146366344 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 160692771 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TECHNOLOGY CREDIT UNION IS 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, TECHNOLOGY CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTAL 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | DURING 2011 TECHNOLOGY CREDIT UNION HAD 72,343 MEMBERS WITH 1,556 MEMBER COMPANIES. TO ENHANCE MEMBERS' EASY ACCESS ANYWHERE AND ANYTIME AT NO COST TO THE MEMBERS, TECH CU PROVIDES ONLINE BANKING SERVICES. SOME OF THE FEATURES ARE THE ABILITY TO VIEW ACCOUNT BALANCES, VIEW OR DOWNLOAD ACCOUNT HISTORY, VIEW IMAGES OF CLEARED CHECKS AND VIEW PENDING TRANSACTIONS. ALSO, MEMBERS HAVE THE PRIVILEGE TO MAKE OR SCHEDULE PAYMENTS FOR TRANSFER BETWEEN TECH CU ACCOUNTS OR OTHER FINANCIAL INSTITUTIONS. MEMBERS CAN ALSO PAY THEIR BILLS USING THE TECH CU BILL PAY ONLINE. THE ONLINE BANKING SERVICES ENABLE MEMBERS TO MANAGE THEIR ACCOUNT(S) CONVENIENTLY FROM RECEIVING EMAIL ALERTS ON THE ACCOUNT ACTIVITY CARED MOST ABOUT TO REORDERING A ATM OR CHECK CARD OR CHECKS TO PLACING A STOP PAYMENT ON AN OUTGOING CHECK. MEMBERS CAN UPDATE THEIR PROFILE AND GAIN ACCESS TO A SECURED EMAIL. TECH CU ONLINE BANKING USES THE MOST ADVANCED ENCRYPTION STANDARDS TO PROTECT ACCOUNTS TO CONDUCT FINANCIAL BUSINESS. THE INNOVATIVE LOGIN SECURITY SYSTEM ENSURES PERSONAL ACCESS AND SECURITY OF ACCOUNT INFORMATION. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TECHNOLOGY CREDIT UNION PROVIDES ATM (AUTOMATED TELLER MACHINE) SERVICES TO MEMBERS. THEY CAN ACCESS THEIR BANK ACCOUNT IN ORDER TO MAKE CASH WITHDRAWALS (OR CREDIT CARD CASH ADVANCES) AND CHECK THEIR ACCOUNT BALANCES CONVENIENTLY IN A PUBLIC SPACE WITHOUT THE NEED FOR A HUMAN CLERK OR BANK TELLER. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TECHNOLOGY CREDIT UNION PRIVATE BANKING IS A PERSONALIZED SERVICE PROGRAM DESIGNED SPECIFICALLY FOR THEIR MOST FINANCIALLY SUCCESSFUL MEMBERS. PRIVATE BANKING MEMBERS ARE ASSIGNED TO A PRIVATE BANKING MANAGER, AN EXPERIENCED CREDIT UNION PROFESSIONAL, WHO SERVES AS PERSONAL RESOURCE AND POINT OF CONTACT FOR ALL THEIR FNANCIAL SERVICES NEEDS. THE PRIVATE BANKING MANAGERS PROVIDE PERSONAL, RESPONSIVE, PROFESSIONAL, AND FRIENDLY SERVICE WHILE ENSURING THE SECURITY AND CONFIDENTIALITY OF EVERY FINANCIAL TRANSACTION. THEY ALSO ACT AS LIAISONS, CONNECTING THEIR MEMBERS WITH THE BEST FINANCIAL EXPERTS IN INVESTING, REAL ESTATE LENDING AND CONSUMER LENDING. IN ADDITION, PRIVATE BANKING MEMBERS ARE ENTITLED TO A WEALTH OF BENEFITS INCLUDING ESTATE PLANNING AND TRUST SERVICES AT A SPECIALLY DISCOUNTED RATE, TAX PLANNING AND PREPARATION, LOAN RATE DISCOUNTS AND PRIORITY PROCESSING OF ALL LOANS, SPECIAL PRIVATE BANKING SEMINARS AND EVENTS, EXCLUSIVE PRIVATE BANKING NEWSLETTER, PREFERRED RATE MEMBERSHIP TO THE SILICON VALLEY CAPITAL CLUB, AND NO CHECK HOLDS. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TECHNOLOGY CREDIT UNION OFFERS BUSINESS MEMBERS A WIDE RANGE OF PRODUCTS (SUCH AS BUSINESS SAVINGS ACCOUNT, BUSINESS MONEY MARKET ACCOUNTS, BUSINESS MONEY MARKET PLUS ACCOUNT, BUSINESS BASIC CHECKING, BUSINESS INTEREST CHECKING, BUSINESS CERTIFICATES, BUSINESS CHECK CARDS, BUSINESS AUTO LOAN, BUSINESS LINE OF CREDIT, BUSINESS MASTERCARD - FIA, SBA LOANS, AND ACCOUNT RECEIVABLE LOANS) AND TOOLS NEEDED TO MANAGE BUSINESS TRANSACTIONS AND ACHIEVE THEIR BUSINESS FINANCIAL GOALS.IN ADDITION, TECH CU PROVIDES INVESTMENT SERVICES TO MEMBERS WITH PRODUCTS SUCH AS SECURITIES, BONDS, INSURANCE, IRA, 527 PLANS, AND MORE. THERE IS ALSO THE RELATIONSHIP REWARDS PROGRAM THAT REWARDS MEMBERS FOR DOING BUSINESS WITH TECH CU. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 29478 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 301 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 8 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATALIA LAU | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4084676928 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2010 NORTH FIRST STREET SUITE 301 | AddressLine1 |
| City | SAN JOSE | City |
| State | CA | State |
| ZIP Code | 95131 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (27 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| MICAL BRENZEL | ||||||||
| CHAIRMAN | 2.00 | X | 0 | 0 | 0 | |||
| PETER DONAHOWER | ||||||||
| VICE-CHAIRMAN | 2.00 | X | 0 | 0 | 0 | |||
| ROBERT BYLIN | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| JOHN WEDGWOOD | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| BOB HOWARD-ANDERSON | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| LLOYD KOHN | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| JOE SHEPELA | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| JOHN PAUL BRUNO | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| TOM HALL | ||||||||
| SUPV CMTE MEMBER | 2.00 | X | 0 | 0 | 0 | |||
| BOB LUONG | ||||||||
| SUPV CMTE MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| JAMES KOHNEN | ||||||||
| SUPV CMTE MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| BARBARA BALDWIN KAMM | ||||||||
| CEO/BOARD TREASURER & SECRETARY | 40.00 | X | 509805 | 0 | 173765 | X | ||
| TODD MARSHALL HARRIS | ||||||||
| EVP CFO/CAO | 40.00 | 289397 | 0 | 38820 | X | |||
| JOSEPH ANZALONE | ||||||||
| EVP CHIEF BANK OFFICER | 40.00 | 42279 | 0 | 0 | X | |||
| LESLIE DEE JEFFRIES | ||||||||
| SVP INFORMATION TECHNOLOGY | 40.00 | 201665 | 0 | 18525 | X | |||
| MICHAEL KENT LUCKIN | ||||||||
| SVP ENTERPRISE RISK MANAGEMENT | 40.00 | 183730 | 0 | 34639 | X | |||
| JEANNINE JACOBSEN | ||||||||
| SVP HUMAN RESOURCES | 40.00 | 181186 | 0 | 15147 | X | |||
| M ANGELES HERNANDEZ | ||||||||
| SVP LOAN ADMIN | 40.00 | 180263 | 0 | 17645 | X | |||
| HERMAN WHITE | ||||||||
| SVP BUSINESS BANKING | 40.00 | 179253 | 0 | 8219 | X | |||
| JEANNIE N SUGAOKA | ||||||||
| SVP SUPPORT SERVICES | 40.00 | 175947 | 0 | 22231 | X | |||
| HAROLD ROUNDTREE | ||||||||
| SVP RETAIL BANKING (FORMER) | 40.00 | 192631 | 0 | 29818 | X | |||
| BRANDON THOMPSON | ||||||||
| SVP WEALTH MANAGEMENT (FORMER) | 40.00 | 176773 | 0 | 12890 | X | |||
| DEBORAH KRUMWIEDE | ||||||||
| FNANCIAL ADVISOR | 40.00 | 186243 | 0 | 17669 | X | |||
| JENNIFER LEE | ||||||||
| VP CONTROLLER | 40.00 | 150930 | 0 | 10898 | X | |||
| VICTOR SMILGYS | ||||||||
| VP ENTERPRISE APPLICATIONS | 40.00 | 149728 | 0 | 18998 | X | |||
| RICHARD HANZ | ||||||||
| FIRST VP TREASURY & STRATEGIC PLANNING | 40.00 | 145609 | 0 | 34361 | X | |||
| LAURA CAIRNS | ||||||||
| VP FRAUD MANAGEMENT | 40.00 | 145839 | 0 | 20223 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3091278 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 473848 | TotalOtherCompensation |
| Number Individuals GT100 K | 39 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| LOEB & LOEB LLP | |||||
| 10100 SANTA MONICA BLVD SUITE 2200 | LOS ANGELES | CA | 90067 | LEGAL SERVICES | 881054 |
| SILVER FREEDMAN & TAFF LLP | |||||
| 3299 K STREET NW SUITE 100 | WASHINGTON | DC | 20007 | LEGAL SERVICES | 303778 |
| IMPERIAL PRINTING | |||||
| 481 VANDELL WAY | CAMPBELL | CA | 95008 | PRINTING SERVICES | 279767 |
| TOM DAVIS & ASSOCIATES | |||||
| 1777 HAMILTON AVE SUITE 2140 | SAN JOSE | CA | 95125 | APPRAISAL SERVICES | 275425 |
| RAM BUILDING COMPANY | |||||
| 1097 RIDGELEY DRIVE | CAMPBELL | CA | 95008 | CONSTRUCTION SERVICES | 273824 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 27 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| INTEREST ON LOANS | 522100 | 43090489 | 43078301 | 12188 |
| FEE INCOME | 522100 | 5743570 | 5380613 | 362957 |
| OTHER OPERATING INCOME | 522100 | 4429034 | 4422902 | 6132 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 53263093 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8649794 | TotalRevenueColumn |
| Related Or Exempt Function Income | 8649794 | RelatedOrExemptFunctionIncome |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2895633 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2861477 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 34156 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 34156 | TotalRevenueColumn |
| Related Or Exempt Function Income | 34156 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | VENDOR REFUNDS | Description |
| Total Revenue Column | 40332 | TotalRevenueColumn |
| Related Or Exempt Function Income | 40332 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 40332 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 61987375 | TotalRevenueColumn |
| Related Or Exempt Function Income | 61606098 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 381277 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1614 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3091278 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16287537 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 753778 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2245042 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1437593 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 698570 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 202336 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1217523 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 529499 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7238021 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 590366 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2562976 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 130610 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5388292 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3375071 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3335163 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PROV. FOR LOAN LOSSES | 6878599 |
| LOAN SERVICING EXPENSE | 1101750 |
| MISC OPERATING EXPENSES | 906422 |
| OPERATING FEES | 123415 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26018 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 58121473 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7442439 | BOY |
| EOY | 7979639 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 166396984 | BOY |
| EOY | 156823710 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4547544 | BOY |
| EOY | 3589879 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 87752 | BOY |
| EOY | 71513 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 41720232 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 20768652 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20844546 | BOY |
| EOY | 20951580 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 281964547 | BOY |
| EOY | 458392868 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 971605837 | BOY |
| EOY | 900600967 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16062874 | BOY |
| EOY | 10855106 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1468952523 | BOY |
| EOY | 1559265262 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7743704 | BOY |
| EOY | 6936013 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1314842475 | BOY |
| EOY | 1391636478 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1322586179 | BOY |
| EOY | 1398572491 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 146366344 | BOY |
| EOY | 160692771 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 146366344 | BOY |
| EOY | 160692771 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1468952523 | BOY |
| EOY | 1559265262 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 3865902 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 10460525 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5882284 | OtherCostOrOtherBasis |
| Book Value | 5882284 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13384577 | OtherCostOrOtherBasis |
| Depreciation | 5709431 | Depreciation |
| Book Value | 7675146 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2563533 | OtherCostOrOtherBasis |
| Depreciation | 2030251 | Depreciation |
| Book Value | 533282 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 19889838 | OtherCostOrOtherBasis |
| Depreciation | 13028970 | Depreciation |
| Book Value | 6860868 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 20951580 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| ALL OTHER INVESTMENTS | 6659200 | F |
| NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT | 12731914 | F |
| LOANS & LEASES | 881209853 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 900600967 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| MEMBERS SHARES | $1,391,496,131 |
| ACCRUED DIVIDENDS & INTEREST PAYABLE | $140,347 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1391636478 | TotalOfAmounts |
| Total Revenue | 61987375 | TotalRevenue |
| Total Expenses | 58121473 | TotalExpenses |
| Excess Or Deficit For Year | 3865902 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 10460525 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 10460525 | TotalAdjustments |
| Excess Or Deficit Per FS | 14326427 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 61567871 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | -419504 | OtherRevenues |
| Revenue Not Rptd F990 | -419504 | RevenueNotRptdF990 |
| Revenue Subtotal | 61987375 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 61987375 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 57701966 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | -419507 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | -419507 | ExpensesNotRptdF990 |
| Expenses Subtotal | 58121473 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 58121473 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | ITEMS RECLASSIFIED BETWEEN REVENUE AND EXPENSE -419,504. |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | ITEMS RECLASSIFIED BETWEEN REVENUE AND EXPENSE -419,504. ROUNDING ERROR -3. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (15 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BARBARA BALDWIN KAMM | |||||||||||||
| 404538 | 0 | 82000 | 0 | 23267 | 0 | 150248 | 0 | 23517 | 0 | 683570 | 0 | 0 | 0 |
| TODD MARSHALL HARRIS | |||||||||||||
| 231945 | 0 | 48992 | 0 | 8460 | 0 | 9800 | 0 | 29020 | 0 | 328217 | 0 | 0 | 0 |
| LESLIE DEE JEFFRIES | |||||||||||||
| 172736 | 0 | 27186 | 0 | 1743 | 0 | 8060 | 0 | 10465 | 0 | 220190 | 0 | 0 | 0 |
| MICHAEL KENT LUCKIN | |||||||||||||
| 150678 | 0 | 8210 | 0 | 24842 | 0 | 7462 | 0 | 27177 | 0 | 218369 | 0 | 0 | 0 |
| JEANNINE JACOBSEN | |||||||||||||
| 164310 | 0 | 8640 | 0 | 8236 | 0 | 6946 | 0 | 8201 | 0 | 196333 | 0 | 0 | 0 |
| M ANGELES HERNANDEZ | |||||||||||||
| 148410 | 0 | 28391 | 0 | 3462 | 0 | 7251 | 0 | 10394 | 0 | 197908 | 0 | 0 | 0 |
| HERMAN WHITE | |||||||||||||
| 160000 | 0 | 10487 | 0 | 8766 | 0 | 6819 | 0 | 1400 | 0 | 187472 | 0 | 0 | 0 |
| JEANNIE N SUGAOKA | |||||||||||||
| 146114 | 0 | 28130 | 0 | 1703 | 0 | 7125 | 0 | 15106 | 0 | 198178 | 0 | 0 | 0 |
| HAROLD ROUNDTREE | |||||||||||||
| 114240 | 0 | 44761 | 0 | 33630 | 0 | 7590 | 0 | 22228 | 0 | 222449 | 0 | 0 | 0 |
| BRANDON THOMPSON | |||||||||||||
| 123671 | 0 | 30377 | 0 | 22725 | 0 | 6820 | 0 | 6070 | 0 | 189663 | 0 | 0 | 0 |
| DEBORAH KRUMWIEDE | |||||||||||||
| 18978 | 0 | 165950 | 0 | 1315 | 0 | 7506 | 0 | 10163 | 0 | 203912 | 0 | 0 | 0 |
| JENNIFER LEE | |||||||||||||
| 139561 | 0 | 0 | 0 | 11369 | 0 | 5114 | 0 | 5784 | 0 | 161828 | 0 | 0 | 0 |
| VICTOR SMILGYS | |||||||||||||
| 122796 | 0 | 10851 | 0 | 16081 | 0 | 3955 | 0 | 15043 | 0 | 168726 | 0 | 0 | 0 |
| RICHARD HANZ | |||||||||||||
| 138778 | 0 | 3500 | 0 | 3331 | 0 | 5991 | 0 | 28370 | 0 | 179970 | 0 | 0 | 0 |
| LAURA CAIRNS | |||||||||||||
| 136184 | 0 | 9289 | 0 | 366 | 0 | 5972 | 0 | 14251 | 0 | 166062 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | HEALTH CLUB DUES ARE REIMBURSABLE TO EMPLOYEES THROUGH THE EXPENSE REIMBURSEMENT PROCESS AND NOT TREATED AS TAXABLE COMPENSATION. |
| PART I, LINE 4B | CONTRIBUTION IN THE AMOUNT OF $140,488 WAS MADE TO THE 457F PLAN IN 2011. THE ONLY ELIGIBLE EMPLOYEE WAS BARBARA KAMM. |
Schedule L IRS990ScheduleL
Loan Table LoanTable (17 entries)
| Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|
| BYLIN ROBERT | ||||||
| MORTGAGE LOAN | X | $155,000 | 129030 | 0 | 1 | 1 |
| ROUNDTREE HAROLD B | ||||||
| UNSECURED LINE OF CREDIT | X | $14,000 | 34 | 0 | 0 | 1 |
| ROUNDTREE HAROLD B | ||||||
| HOME EQUITY LINE OF CREDIT | X | $196,783 | 196783 | 0 | 0 | 1 |
| JEFFRIES LESLIE | ||||||
| MORTGAGE LOAN | X | $500,000 | 429286 | 0 | 0 | 1 |
| WEDGEWOOD JOHN | ||||||
| HOME EQUITY LINE OF CREDIT | X | $498,418 | 498418 | 0 | 1 | 1 |
| WEDGEWOOD JOHN | ||||||
| MORTGAGE LOAN | X | $175,000 | 124949 | 0 | 1 | 1 |
| HARRIS TODD M | ||||||
| NEW AUTO | X | $35,000 | 25480 | 0 | 0 | 1 |
| HARRIS TODD M | ||||||
| MORTGAGE LOAN | X | $408,000 | 398476 | 0 | 0 | 1 |
| MICHAEL LUCKIN | ||||||
| X | $126,000 | 62805 | 0 | 0 | 1 | |
| DONAHOWER PETER | ||||||
| UNSECURED LINE OF CREDIT | X | $7,500 | 308 | 0 | 1 | 1 |
| VICTOR SMILGYS | ||||||
| MORTGAGE LOAN | X | $235,000 | 221414 | 0 | 0 | 1 |
| LORI CAIRNS | ||||||
| NEW AUTO | X | $45,815 | 38382 | 0 | 0 | 1 |
| LORI CAIRNS | ||||||
| MORTGAGE LOAN | X | $339,300 | 322308 | 0 | 0 | 1 |
| TODD HARRIS | ||||||
| MORTGAGE LOAN | X | $218,000 | 216338 | 0 | 0 | 1 |
| RICHARD HANZ | ||||||
| USED AUTO | X | $20,000 | 17685 | 0 | 0 | 1 |
| RICHARD HANZ | ||||||
| MORTGAGE LOAN | X | $515,000 | 503457 | 0 | 0 | 1 |
| JEANNINE JACOBSEN | ||||||
| MORTGAGE LOAN | X | $412,000 | 404726 | 0 | 0 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 3589879 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | TECHNOLOGY 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. TECHNOLOGY CREDIT UNION DOES NOT HAVE STOCKHOLDERS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE GOVERNING BOARD OF TECHNOLOGY 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 ORGANIZATION HAS THE REVIEW OF THE FORM 990 PERFORMED BY THE VP OF ACCOUNTING AND THE CFO. | |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL EXECUTIVES ARE REQUIRED TO COMPLETE THE NEW BANK BRIBERY ACT FORM THAT COVERS CONFICTS OF INTEREST. IF A CONFLICT OF INTEREST IS DISCLOSED DURING THIS PROCESS FOR A BOARD MEMBER, THE BOARD MEMBER IS ASKED TO ABSTAIN FROM VOTING ON THE ISSUE AT HAND. | |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD COMPENSATION COMMITTEE RECOMMENDS AND APPROVES COMPENSATION FOR THE CEO ON AN ANNUAL BASIS. DURING THIS PROCESS THEY REVIEW COMPARABILITY DATA BASED ON SIMILAR SIZED CREDIT UNIONS IN THE AREA AND DOCUMENT THE DECISION MADE ON WHAT REASONABLE COMPENSATION THEY SHOULD PROVIDE TO THE CEO. FOR OTHER OFFICERS OF THE CREDIT UNION, COMPENSATION IS BASED ON ANNUAL PERFORMANCE EVALUATIONS AND APPROVED BY THE CEO. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE MONTHLY FINANCIAL STATEMENTS ARE POSTED IN ALL BRANCH LOCATIONS. ALL OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 10,460,525. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. |
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