2011-07-20T12:45:51-05:00 2008-12-31 RSM McGladrey Inc 801 Nicollet Mall Suite 1100 Minneapolis MN 55402 990 2008-01-01 953442691 PREMIER AMERICA CREDIT UNION PREM 8187724021 19867 PRAIRIE STREET CHATSWORTH CA 91311 BRAD CUNNINGHAM 8187724021 2011-07-20 1 Collin F Buzzell 6125738750 2008 2016-02-24 21:20:13Z X JOHN M MERLO 19867 PRAIRIE STREET CHATSWORTH CA 91311 77979555 0 X WWW.PREMIER.ORG X 1957 CA A cooperative organized for the purpose of promoting thrift and savings among its members. 9 8 280 13 295810 -150458 0 75404126 82330880 5978623 5557612 1895477 -9908937 83278226 77979555 0 33468760 31485157 15030628 17407124 0 0 26724686 33961134 75224074 82853415 8054152 -4873860 1384432894 1454057321 1260782978 1342876579 123649916 111180742 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, Premier America 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 The organization successfully increased its membership and achieved target deposit balances, encouraging and promoting savings by members. The organization met mortgage needs of first time home buyers. Provided educational information on deposit and loan products. 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 52755 0 1 280 1 1 1 0 0 0 0 9 8 0 0 0 0 1 1 1 1 1 1 1 1 0 1 1 1 1 1 1 1 0 X LINDA MARQUEZ 8187724021 19867 PRAIRIE STREET CHATSWORTH CA 91311 JOHN M MERLO 40.00 X X 604176 0 676526 NANCY CHANDLER 1.00 X X 1102 0 0 JOHN DE VERE 1.00 X X 757 0 0 NORMAN L ROBERTS 1.00 X X 0 0 0 LARRY CARLSON 1.00 X 908 0 0 ERIC GOLDNER 1.00 X 912 0 0 ROGER LUBIG 1.00 X 1187 0 0 JAMES ANDERSEN 1.00 X 0 0 0 LAWRENCE S HOKE 1.00 X 0 0 0 TIMOTHY G PAULSON 40.00 X 1673622 0 538704 MARJORIE MCNAUGHT 40.00 X 410127 0 373179 LIZABETH CONDERCURI 40.00 X 1677499 0 469159 KERRY LEWIS 40.00 X 228811 0 15855 JAMES RITTER 40.00 X 221140 0 18664 BILL LORTZ 40.00 X 161354 0 10030 KELLY KAREN 40.00 X 173035 0 15195 JESUS LOPEZ 40.00 X 118487 0 12496 MICHELLE JAMES 40.00 X 132437 0 4910 5405554 0 2134718 15 0 1 0 FIDELITY NATIONAL INFORMATION SERVICES 601 S LAKE DESTINY RD STE 300 MAITLAND FL 32751 CORE COMPUTER SYSTEM AND SUPPORT 1413238 STARNET DATA DESIGN INC 2659 TOWNSGATE RD STE 227 WESTLAKE VILLAGE CA 91361 CORE SYS CONVERSION EQUIP/TECH SUPPORT 753897 DIGITAL INSIGHT 26025 MUREAU RD CALABASAS CA 91302 HOME BANKING SYSTEM & MAINTENANCE 687484 BLUE SHIELD OF CALIFORNIA CASH RECEIVING POB FILE 55331 LOS ANGELES CA 900745331 EMPLOYEE HEALTH INSURANCE 559508 KAISER FOUNDATION HEALTH PLAN INC PO BOX 80204 WORLD WAY POSTAL CENTE LOS ANGELES CA 90080 EMPLOYEE HEALTH INSURANCE 428505 30 income from member loa 522100 73719590 73719590 SERVICE CHARGES AND FE 522100 4453655 4157845 295810 OTHER NON-INTEREST INC 522100 2100725 2100725 CREDIT/DEBIT CARD INTE 522100 2056910 2056910 82330880 5557612 5557612 impairment loss on cap 522100 -9908937 -9908937 -9908937 77979555 72126133 295810 5557612 31485157 4745174 9686678 344260 1733085 897927 244119 155150 237049 4290799 1181913 101183 1159707 39015 340574 10296361 765279 160502 Provision for Loan Loss 13210000 Loan Servicing Expense 1204386 miscellaneous operating 575097 82853415 63824971 76696954 5185830 5498051 1159079813 1218593430 29534353 11555268 15277373 17979085 12922880 96261301 110174533 1257812 31880726 23857456 1384432894 1454057321 11321265 11530737 185000000 190000000 1064461713 1141345842 1260782978 1342876579 X 0 0 0 0 123649916 111180742 123649916 111180742 1384432894 1454057321 X 0 1 1 0 9500 9500 9500 1 CALIFORNIA CREDIT UNION LEAGUE PAC 1201 K STREET SUITE 1050 SACRAMENTO CA 95814 6000 FRIENDS OF ERFRN CARILLO PO BOX 7041 SANTA ROSA CA 954070041 500 PADILLA FOR SENATE PO BOX SANTA MONICA CA 90403 1000 RE-ELECT AUDRA STRICKLAND FOR ASSEMBLY PO BOX 1142 THOUSAND OAKS CA 91358 500 COMMITTEE RO RE-ELECT AUDRA STRICKLAND ASSEMBLY 2008 PO BOX 1142 THOUSAND OAKS CA 91358 500 DAVE JONES FOR ASSEMBLY 2008 1127 11TH STREET SUITE 505 SACRAMENTO CA 95814 1000 Part I-A, Line 1: Organizations Direct and Indirect Political Campaign Activities: THE CREDIT UNION CONTRIBUTIONS TO CAMPAIGNS THAT SUPPORT CREDIT UNIONS. 3731592 3731592 12657174 4146526 8510648 2893795 2326150 567645 10251792 5082592 5169200 17979085 fhlb stock 9955200 F share certificates in a copr cu 100200000 F other investments 19333 F 110174533 MEMBER SHARE DEPOSITS 1035795835 state of california treasury deposits 100142105 other liabilities 5407902 1141345842 77979555 82853415 -4873860 -6658349 -936965 -7595314 -12469174 71244086 -6735469 -6735469 77979555 0 77979555 82853415 0 82853415 0 82853415 Part X: Description of Uncertain Tax Positions Under FIN 48: FIN48 IS NOT APPLICABLE TO THE YEAR ENDED 12/31/2008. Part XI, Line 8 - Other Adjustments: net change in fair value of derivatives used as cash flow hedges: -936965. Part XII, Line 2d - Other Adjustments: unrealized loss in value of insurance/annuity policies: -6735469. X X 1 0 X X X X 0 1 0 JOHN M MERLO 543924 60252 639648 36878 1280702 TIMOTHY G PAULSON 1644321 29301 512870 25834 2212326 MARJORIE MCNAUGHT 379426 30701 352839 20340 783306 LIZABETH CONDERCURI 1648198 29301 453150 16009 2146658 KERRY LEWIS 219811 9000 7767 8088 244666 JAMES RITTER 130310 90830 8866 9798 239804 BILL LORTZ 153247 8107 6438 3592 171384 KELLY KAREN 15826 157209 8500 6695 188230 Part I, Line 1a TRAVEL FOR COMPANIONS - BOARD MEMBERS MAY BRING HIS/HER SPOUSE TO OUT OF STATE CONFERENCES. THE CREDIT UNION PAYS FOR PLANE FARES AND MEALS. FORM 1099-MISC IS FILED IF THE AMOUNT EXCEEDS $600 FOR THE YEAR. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS - THIS IS RELATED TO SELECTED CREDIT UNION EXECUTIVES WITH SPLIT-DOLLAR INSURANCE POLICIES. Part I, Line 4a Part I, Line 4b: LIZABETH CONDERCURI - $1,331,032 TIMOTHY G PAULSON - $1,317,934 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 A, line 10 FORM 990 IS REVIEWED BY THE CONTROLLER, CFO, AND PRESIDENT. AN ELECTRONIC COPY IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND DISCUSSION. ANY CHANGES AND MODIFICATIONS ARE THEN TAKEN INTO ACCOUNT FOR FINAL COMPLETION AND APPROVAL OF FORM 990 PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Section B, line 12c THE CONFLICT OF INTEREST POLICY IS CONTAINED IN THE CODE OF RESPONSIBILITY AND ETHICS THAT EACH EMPLOYEE IS REQUIRED, ANNUALLY, TO ACKNOWLEDGE. VIA WRITTEN POLICY, ALL EMPLOYEES AND OFFICIALS ARE MADE AWARE OF THE CREDIT UNION'S COMPLIANCE REQUIREMENTS INCLUDING, BUT NOT LIMITED TO, CONFLICTS OF INTEREST POLICY. STANDARD CREDIT UNION PROCEDURES AND REQUIREMENTS ARE CONSISTENTLY APPLIED TO ANY BUSINESS TRANSACTION BY DIRECTORS, OFFICERS AND EMPLOYEES. IF A DECISION IS REQUIRED REGARDING A BUSINESS TRANSACTION THAT COULD POTENTIALLY RISE TO A PERCEPTION OF A CONFLICT OF INTEREST, THE INVOLVED PARTY WILL RECLUSE HIM OR HERSELF FROM DISCUSSION AND REVIEW OF TRANSACTION. TRANSACTIONS INVOLVING INDIVIDUAL ACCOUNTS ARE MONITORED BY THE INTERNAL AUDITOR ON A REGULAR BASIS. Form 990, Part VI, Section B, line 15 Extensive annual surveys are conducted for key positions in the Credit Union including, but not limited to, top management and key employees. These surveys are provided by professional compensation analysts who work directly with data within the financial industry field. These surveys provide total compensation information that ranges from broad macro issues to specific elements of total compensation structures. Form 990, Part VI, Section C, line 19 FINANCIAL STATEMENTS ARE POSTED MONTHLY IN ALL BRANCHES. THE ANNUAL REPORT IS AVAILABLE AT THE CREDIT UNION'S WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST. PREMIER FINANCIAL SERVICES INC PO BOX 2178 CHATSWORTH CA 91313 954391970 SALE OF INVESTMENT/INSURANCE PRODUCTS CA N/A C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0