1ST UNITED CREDIT UNION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- 1ST UNITED CREDIT UNION (EIN 94-0335800)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-06
- IRS object ID
- 201123109349300202
- Schema version
- 2010v3.4
- 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 | 2011-11-06T10:38:19-06:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM MCGLADREY INC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 NICOLLET MALL SUITE 1100 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55402 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 940335800 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 1ST UNITED SERVICES CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | 1STU | NameControl |
| Phone | 9255984837 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 11746 | AddressLine1 |
| City | PLEASANTON | City |
| State | CA | State |
| ZIP Code | 94588 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | STEVE STONE | Name |
| Title | CFO | Title |
| Phone | 9255984837 | Phone |
| Date Signed | 2011-11-04 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | COLLIN F BUZZELL | Name |
| Phone | 6125738750 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | VICTOR QUINT | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 11746 | AddressLine1 |
| City | PLEASANTON | City |
| State | CA | State |
| ZIP Code | 94588 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 38453076 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Group Exemption Number | 1526 | GroupExemptionNumber |
| Organization501c | X | Organization501c |
| Web Site | WWW.1STUSCU.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1932 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE A LIFETIME OF SIMPLER, FASTER, FRIENDLIER FINANCIAL SERVICES FOR OUR MEMBERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 124 | TotalNbrEmployees |
| Total Nbr Volunteers | 14 | TotalNbrVolunteers |
| Total Gross UBI | 268289 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -341855 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 42210114 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 34615844 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2886994 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3837232 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 45097108 | TotalRevenuePriorYear |
| Total Revenue Current Year | 38453076 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 13651148 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 9065985 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 9230398 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 9233052 | 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 | 22048704 | OtherExpensePriorYear |
| Other Expenses Current Year | 19371679 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 44930250 | TotalExpensesPriorYear |
| Total Expenses Current Year | 37670716 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 166858 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 782360 | RevenuesLessExpensesCY |
| Total Assets BOY | 770746315 | TotalAssetsBOY |
| Total Assets EOY | 788708418 | TotalAssetsEOY |
| Total Liabilities BOY | 698868884 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 716709599 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 71877431 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 71998819 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 1ST UNITED SERVICES CREDIT UNION (1ST USCU) SERVES MEMBERS PRIMARILY LOCATED IN THE EAST BAY OF THE SAN FRANCISCO BAY AREA, WITH A WIDE RANGE OF COMPETITIVELY PRICED PRODUCTS AND SERVICES. 1ST USCU OFFERS A RANGE OF LOAN PRODUCTS, WHICH INCLUDE REAL ESTATE LOANS, NEW AND USED AUTO LOANS AND VISA CREDIT CARDS. REAL ESTATE LOANS COMPRISE OVER HALF OF 1ST USCU'S $500 MILLION LOAN PORTFOLIO. FOR SAVERS, 1ST USCU OFFERS A WIDE RANGE OF DEPOSIT PRODUCTS, INCLUDING CHECKING ACCOUNTS, MONEY MARKET ACCOUNTS, SHARE CERTIFICATES AND IRA CERTIFICATES. IN THE COMMUNITY, 1ST USCU OFFERS NO COST FINANCIAL EDUCATION SEMINARS TO MEMBERS, NON-MEMBERS, TEENS AND ADULTS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | 1ST UNITED SERVICES CREDIT UNION OFFERS A COMPREHENSIVE PORTFOLIO OF SAVINGS AND LOAN PRODUCTS FOR MEMBERS. 1ST UNITED SERVICES' PRODUCTS ARE AN EXCELLENT VALUE, COMPETITIVELY PRICED AND EASY TO PURCHASE. ALL OF OUR PRODUCTS ARE AVAILABLE TO MEMBERS THROUGH OUR EXTENSIVE BRANCH NETWORK, VIA OUR MEMBER SERVICES CALL CENTER OR ONLINE AT WWW.1STUSCU.ORG. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | 1ST UNITED SERVICES OFFERS FINANCIAL PLANNING AND INVESTMENT SERVICES FOR OUR MEMBERS. THESE SERVICES ARE AVAILABLE AT NO COST TO ALL MEMBERS OF THE CREDIT UNION AND ARE DELIVERED THROUGH CUSO FINANCIAL SERVICES, A REGISTERED BROKER-DEALER. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | AT 1ST UNITED SERVICES, WE ARE KNOWN IN THE COMMUNITY FOR OUR FINANCIAL EDUCATION PROGRAM. THE CREDIT UNION OFFERS FINANCIAL EDUCATION SEMINARS IN OUR BRANCHES, ON-SITE PROGRAMS AT EMPLOYER LOCATIONS AND SELF-STUDY MATERIALS ON OUR WEBSITE AT WWW.1STUSCU.ORG. WE ALSO SPONSOR FINANCIAL EDUCATION PROGRAMS IN HIGH SCHOOLS THROUGHOUT THE EAST BAY. IN 2010, 1ST UNITED SERVICES DELIVERED OVER 30 FINANCIAL EDUCATION WORKSHOPS TO OVER 1,000 PEOPLE. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | 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 | 0 | 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 | 47 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 124 | 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 |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | 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 | 0 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | VIKTORIA EARLE | NamePerson |
| Telephone Number | 9255984837 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 11746 | AddressLine1 |
| City | PLEASANTON | City |
| State | CA | State |
| ZIP Code | 94588 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (18 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| HOWARD T GARRIGAN | |||||||
| CHAIRMAN | 1.00 | X | X | 0 | 0 | 6597 | |
| STEVE MANNING | |||||||
| VICE CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 | |
| NAOMI O BURNS | |||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 114 | |
| NEIL PETERSON | |||||||
| TREAURER | 1.00 | X | X | 0 | 0 | 6621 | |
| DIANA BONANNO | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 5742 | ||
| RICK CASTRO | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 4099 | ||
| GERALD DEMARIA | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 2349 | ||
| TERESITA M LAUIGAN | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 4688 | ||
| DAVE MACDONALD | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 3457 | ||
| VICTOR QUINT | |||||||
| PRESIDENT / CEO | 40.00 | X | 360930 | 0 | 70967 | ||
| STEPHEN M STONE | |||||||
| CFO | 40.00 | X | 148069 | 0 | 16917 | ||
| GREGORY PULLIAM | |||||||
| CAO | 40.00 | X | 157470 | 0 | 25560 | ||
| EDWARD RENTERIA | |||||||
| CIO | 40.00 | X | 157857 | 0 | 25892 | ||
| TOSHA EAGLES-WILLIAMS | |||||||
| CHIEF OPERATIONS OFFICER | 40.00 | 134851 | 0 | 8852 | X | ||
| MELINDA ERICKS CROSS | |||||||
| VP HR | 40.00 | 100837 | 0 | 21156 | X | ||
| VICTORIA PIPKIN | |||||||
| VP OPERATIONS | 40.00 | 115486 | 0 | 10484 | X | ||
| MIKE HUFFORD | |||||||
| VP IT | 40.00 | 102800 | 0 | 20587 | X | ||
| MATT MITLO | |||||||
| VP RISK MGMT | 40.00 | 141026 | 0 | 21530 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1419326 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 255612 | TotalOtherCompensation |
| Number Individuals GT100 K | 9 | 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 |
|---|---|---|---|---|---|
| NATIONAL CREDIT UNION ADMINISTRATION | |||||
| PO BOX 979069 | ST LOUIS | MO | 631979000 | SHARE INSURANCE PREMIUM | 1603422 |
| DIEBOLD GLOBAL FINANCE | |||||
| PO BOX 644399 | PITTSBURGH | PA | 152644399 | ATM/CHECK PROCESSING | 885888 |
| KAISER FOUNDATION HEALTH PLAN INC | |||||
| FILE NUMBER 73046 PO BOX 60000 | SAN FRANCISCO | CA | 941603046 | HEALTH INSURANCE | 713349 |
| XP SYSTEMS CORP | |||||
| 75 REMITTANCE DRIVE SUITE 6963 | CHICAGO | IL | 606756963 | CORE DATA PROCESSING | 448807 |
| PM SYSTEMS CORPORATION | |||||
| PO BOX 459 115 CLARK STREET | CHAPIN | SC | 29036 | ONLINE BANKING | 277417 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 21 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| INCOME FROM LOANS | 522100 | 28212507 | 28212507 | |
| FEE INCOME | 522100 | 4857665 | 4771247 | 86418 |
| OTHER INCOME | 524292 | 1545672 | 1363801 | 181871 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 34615844 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3559228 | TotalRevenueColumn |
| Exclusion | $3,559,228 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 278004 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 278004 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 278004 | TotalRevenueColumn |
| Exclusion | $278,004 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 38453076 | TotalRevenueColumn |
| Related Or Exempt Function Income | 34347555 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 268289 | UnrelatedBusinessRevenue |
| Exclusion | $3,837,232 | ExclusionAmount |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9065985 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 997329 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6603554 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 344013 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 702152 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 586004 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 612323 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 110498 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 153119 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 105517 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 699042 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1204021 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1542909 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1871656 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21914 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 253537 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 709147 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1528337 | Total |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PROVISION FOR LOAN LOSS | 8045789 |
| PLASTIC CARD SERVICES | 1860653 |
| LOAN SERVICING | 653217 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37670716 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 78695710 | BOY |
| EOY | 51131282 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 493383354 | BOY |
| EOY | 443405648 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 21124766 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 11142105 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11019179 | BOY |
| EOY | 9982661 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 172774450 | BOY |
| EOY | 270056373 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14873622 | BOY |
| EOY | 14132454 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 770746315 | BOY |
| EOY | 788708418 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1097228 | BOY |
| EOY | 1182664 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 759 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 697771656 | BOY |
| EOY | 715526176 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 698868884 | BOY |
| EOY | 716709599 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 71877431 | BOY |
| EOY | 71998819 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 71877431 | BOY |
| EOY | 71998819 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 770746315 | BOY |
| EOY | 788708418 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 782360 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -660972 | ReconcilationOtherChanges |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1760872 | OtherCostOrOtherBasis |
| Book Value | 1760872 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7474113 | OtherCostOrOtherBasis |
| Depreciation | 2045610 | Depreciation |
| Book Value | 5428503 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3254837 | OtherCostOrOtherBasis |
| Depreciation | 2227351 | Depreciation |
| Book Value | 1027486 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4787282 | OtherCostOrOtherBasis |
| Depreciation | 3444880 | Depreciation |
| Book Value | 1342402 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3847662 | OtherCostOrOtherBasis |
| Depreciation | 3424264 | Depreciation |
| Book Value | 423398 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 9982661 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| AVAILABLE FOR SALE SECURITIES | 200765973 | F |
| MEMBERSHIP CAPITAL AT CORPORATE CREDIT UNIONS | 900000 | F |
| CERTIFICATES OF DEPOSIT | 65000000 | F |
| OTHER INVESTMENTS | 3390400 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 270056373 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MEMBER SHARES | Description |
| Amount | $715,526,176 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 715526176 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 2B: | THE CREDIT UNION HOLDS FUNDS IN ESCROW TO PAY TAXES AND INSURANCE ON BEHALF OF ITS MORTGAGE LOANS. | |
| PART X: | FOR THE AUDIT YEAR ENDED JUNE 30, 2010, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (5 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VICTOR QUINT | |||||||||||||
| 330930 | 0 | 30000 | 0 | 0 | 0 | 42520 | 0 | 28447 | 0 | 431897 | 0 | 0 | 0 |
| STEPHEN M STONE | |||||||||||||
| 148069 | 0 | 0 | 0 | 0 | 0 | 10365 | 0 | 6552 | 0 | 164986 | 0 | 0 | 0 |
| GREGORY PULLIAM | |||||||||||||
| 157470 | 0 | 0 | 0 | 0 | 0 | 10718 | 0 | 14842 | 0 | 183030 | 0 | 0 | 0 |
| EDWARD RENTERIA | |||||||||||||
| 157857 | 0 | 0 | 0 | 0 | 0 | 11050 | 0 | 14842 | 0 | 183749 | 0 | 0 | 0 |
| MATT MITLO | |||||||||||||
| 141026 | 0 | 0 | 0 | 0 | 0 | 8194 | 0 | 13336 | 0 | 162556 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINES 4A-B | ReturnReference |
| Explanation | MATT MITLO, VP RISK MANAGEMENT, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $57,051. VICTOR QUINT PARTICIPATED IN A NON-QUALIFIED 457(F) RETIREMENT PLAN. NO DISTRIBUTIONS WERE MADE TO THE PARTICIPANT. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. EVERY CREDIT UNION MEMBER HAS A SINGLE VOTING SHARE. | |
| 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. | |
| 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 | THE FINANCE MANAGER GATHERS AND PREPARES THE INFORMATION. VP FINANCE, CAO, CFO AND CEO REVIEWS FORM 990 UPON COMPLETION. A COPY OF THE FORM IS MADE AVAILABLE TO EACH VOTING MEMBER OF THE BOARD PRIOR TO FILING. | |
| THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO EMPLOYEES IN THE EMPLOYEE HANDBOOK. ANNUALLY, EMPLOYEES ARE REMINDED OF THE POLICY AND ARE REQUIRED TO ACKNOWLEDGE IN WRITING THAT THEY HAVE READ THE POLICY, AS WELL AS THE OTHER SECTIONS IN THE HANDBOOK. MANAGERS ARE HELD ACCOUNTABLE TO MONITOR ADHERENCE TO THE POLICY AND TO ENSURE THEIR EMPLOYEES UNDERSTAND IT. | FORM 990, PART VI, SECTION B, LINE 12C | |
| COMPENSATION AT THE CREDIT UNION IS GOVERNED BY A BOARD OF DIRECTORS APPROVED SALARY ADMINISTRATION POLICY. THE CREDIT UNION SETS COMPENSATION RANGES FOR ALL EMPLOYEES, INCLUDING OFFICERS AND KEY EMPLOYEES, USING A THIRD PARTY COMPENSATION CONSULTING FIRM. THIS THIRD PARTY ORGANIZATION PROVIDES COMPENSATION INFORMATION AND SALARY RANGES FOR COMPANIES NATIONWIDE. SALARY RANGES ARE DEVELOPED THROUGH NATIONWIDE, INDUSTRY-SPECIFIC COMPENSATION SURVEYS AND COMPENSATION BENCHMARKING FOR KEY POSITIONS. THE BOARD OF DIRECTORS APPROVE THE SALARY RANGES AND EVALUATE ANY ANNUAL CHANGES RECOMMENDED BY THE THIRD PARTY FIRM. SALARY LEVELS AND JOB GRADES FOR INDIVIDUAL POSITIONS ARE DETERMINED USING A JOB EVALUATION PROCESS PROVIDED BY THE THIRD PARTY FIRM. | FORM 990, PART VI, SECTION B, LINE 15 | |
| GENERALLY, GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC OR TO MEMBERS. DISCLOSURE OF THESE ITEMS AS WELL AS OTHER RECORDS THAT MAY BE CLASSIFIED FOR INTERNAL USE ARE GOVERNED UNDER NCUA 701.3 (MEMBER INSPECTION OF CREDIT UNION BOOKS, RECORDS, AND MINUTES) AND WILL BE DISCLOSED TO MEMBERS ONLY AS LAW OR REGULATION PERMIT. THE ANNUAL FINANCIAL STATEMENT IS MADE AVAILABLE TO THE MEMBERSHIP AND PUBLIC IN SEVERAL WAYS BY PUBLISHING IN: -MEMBERSHIP NEWSLETTER -CREDIT UNION INTERNET SITE -PRINTED ANNUAL REPORT AVAILABLE TO MEMBERS IN OUR BRANCHES | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED LOSSES ON INVESTMENTS: -660,972. | FORM 990, PART XI, LINE 5: |