2011-10-25T11:23:54-05:00 2010-12-31 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2010-01-01 951790568 VENTURA COUNTY CREDIT UNION VENT 8054774024 PO BOX 6920 VENTURA CA 930066920 JOSEPH SCHROEDER 8054774024 2011-09-29 1 8189549700 2010 2016-03-07 17:11:31Z JOSEPH SCHROEDER PO BOX 6920 VENTURA CA 930066920 28221776 0 X WWW.VCCUONLINE.NET X CREDIT UNION 1950 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 8 8 136 14 68917 -67513 0 0 22821024 23133788 6049695 4826586 2691546 110036 31562265 28070410 0 0 0 0 7163454 7153959 0 0 0 22492154 15713222 29655608 22867181 1906657 5203229 486233480 509461923 450520368 468369343 35713112 41092580 X VENTURA COUNTY 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 COOPERATIVE, VENTURA COUNTY CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFIT, OR SERVICE OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 ACHIEVEMENT OF EXCELLENT SERVICES PROVIDED TO MEMBERS IN CONNECTION WITH CONSUMER LOANS, I.E., AUTO LOANS, VISA AND PERSONAL LINES OF CREDIT, INCLUDING UPGRADING OUR LENDING PLATFORM, AUTOMATING MORTGAGE PROCESSING, AND IMPLEMENTING DEBT PROTECTION SERVICES. VOTED NO. 1 BANK IN VENTURA COUNTY - 2010. ACCOMPLISHMENT OF TARGET GOALS IN CONNECTION WITH PROVISION OF MORTGAGE LOAN PRODUCTS TO EXISTING MEMBERS, INCLUDING AUTOMATION OF MORTGAGE PROCESSING. MEMBER SATISFACTION IN CONNECTION WITH SERVICES PERTAINING TO CHECKING/SAVINGS ACCOUNTS, ATTRACTIVE CD RATES, IRA AND SIMILAR ACCOUNTS, INCLUDING LAUNCHING A NEW WEBSITE AND A MOBILE BANKING APPLICATION AND IMPLEMENTING E-STATEMENTS AND SIGNIFICANTLY REDUCING OPERATING EXPENSES. 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 1 0 1 0 1 12292 0 1 136 1 1 1 0 0 0 0 0 X 8 8 0 0 0 0 0 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X LINDA SIM CFO 8054774024 6026 TELEPHONE ROAD VENTURA CA 93006 GLENDA MCGILL 5.00 X 0 0 0 ROXANNE OSTREM 4.00 X 0 0 0 AL DUFF 3.00 X 0 0 0 WILLIAM FRANK 3.00 X 0 0 0 MONIQUE NOWLIN 3.00 X 0 0 0 ROBERT JEFFREYS 3.00 X 0 0 0 BRENDA MORRIS 3.00 X 0 0 0 SUE TATANGELO 3.00 X 0 0 0 JEFF LANDIS 1.50 X 0 0 0 SANDY CARLSEN 1.50 X 0 0 0 SUSAN CRAIG 1.50 X 0 0 0 PHILIP BOHAN 2.50 X 0 0 0 DANIELLE BRINKMAN 1.50 X 0 0 0 JOSEPH SCHROEDER 45.00 X 319586 0 39305 ELIZABETH CARR 45.00 X 164939 0 15137 GAVIN BRADLEY 45.00 X 136095 0 28391 BERT HERRERA 45.00 X 129413 0 20612 LINDA SIM 45.00 X 123588 0 18538 JACKIE BENOUN 45.00 X 98310 0 17145 CAROL HARRIS FORMER 0.00 X 2060577 0 17449 3032508 0 156577 6 1 1 0 S1 CORPORATION 8501 FALLBROOK AVE SUITE 800 WEST HILLS CA 91304 HOME BANKING PROVIDER 528373 BDI-BUSINESS DATA INC PO BOX 6081 INGLEWOOD CA 90312 STATEMENT 467510 AUBREY AND ASSOCIATES INC 225 SOUTH HARBOR BLVD ANAHEIM CA 92805 MARKETING VENDOR 337769 FTSI 406 E HUNTINGTON DRIVE SUITE 100 MONROVIA CA 91016 ATM MAINTENANCE & SERVICE 250234 JACK HENRY & ASSOCIATES INC 663 W HIGHWAY 60 PO BOX 807 MONETT MO 657088215 INFORMATION PROCESSING SOLUTIONS 244304 10 INTEREST ON LOAN 522100 16062744 16062744 FEE INCOME 522100 4331492 4331492 OTHER OPERATING INCOME 522100 2739552 2670635 68917 23133788 4911323 4911323 66629 151366 -84737 -84737 -84737 OTHER NON-OPERATING IN 522100 110036 110036 110036 28070410 28001493 68917 0 3032508 2635692 449670 543869 492220 29977 135360 308157 4210159 886982 131742 3269442 1226529 1411224 PROVISION FOR LOANS & L 2448540 EDUCATIONAL AND PROMOTI 728445 LOAN SERVICING EXPENSE 545429 MISC OPERATING EXPENSES 340592 OPERATING EXPENSES 40644 22867181 5453787 4318505 29255792 16335176 846053 1311896 31458490 9124912 23173837 22333578 85193688 83576328 338321151 370055845 248450 173980 3740722 11356615 486233480 509461923 4510485 2516562 446009883 465852781 450520368 468369343 X 0 0 0 0 35713112 41092580 35713112 41092580 486233480 509461923 X 5203229 176239 X X 0 1 1 X 0 5000 5000 5000 1 CCUL - PAC 1201 K STREET SUITE 1050 SACRAMENTO CA 95814 940357265 5000 7442872 7442872 16766737 3740525 13026212 1108457 685136 423321 6140424 4699251 1441173 22333578 ALL OTHER INVESTMENTS 2743400 C LOANS AND LEASES 258170717 C NCUA SHARE INSURANCE CAP DEPOSIT 4375989 C HELD TO MATURITY SECURITIES 104765739 C 370055845 DIVIDENDS PAYABLE 182712 TOTAL SHARES AND DEPOSITS 465670069 465852781 28070410 22867181 5203229 191257 -15018 176239 5379468 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: IN THE OPINION OF MANAGEMENT, ANY POTENTIAL ADDITIONAL LIABILITY RESULTING FROM TAXING AUTHORITIES IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNIONS FINANCIAL POSITION OR RESULTS OF OPERATIONS. PART XI, LINE 8 - OTHER ADJUSTMENTS: OTHER ADJUSTMENTS -15,018. X X X 0 1 0 JOSEPH SCHROEDER 256952 0 44200 0 18434 0 17304 0 22001 0 358891 0 0 0 ELIZABETH CARR 143327 0 21612 0 0 0 7944 0 7193 0 180076 0 0 0 GAVIN BRADLEY 121564 0 14531 0 0 0 6700 0 21691 0 164486 0 0 0 BERT HERRERA 116723 0 12690 0 0 0 6334 0 14278 0 150025 0 0 0 CAROL HARRIS FORMER 134658 0 0 0 1925919 0 10890 0 6559 0 2078026 0 835743 0 BETH CARR HOME LOAN X 415000 389774 0 1 1 LINDA SIM HOME LOAN X 332000 328764 0 1 1 JOSEPH SCHROEDER HOME LOAN X 595000 593358 0 1 1 1311896 FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY OF VENTURA COUNTY 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 ADVANCED MONTHLY BOARD PACKAGES, INCLUDING FINANCIAL STATEMENTS AND OTHER RELEVANT INFORMATION ARE DISTRIBUTED TO THE BOARD MONTHLY, IN ADVANCE OF THE BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS ANY EXCEPTION ON A PERIODIC BASIS PURSUANT TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND PROVIDES ANY RESOLUTION WHERE NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCE DEPT. GATHERS RELEVANT SALARY INFORMATION COMPARABLE WITHIN INDUSTRY AND MARKET STANDARDS. THEREAFTER, APPROPRIATE RECOMMENDATIONS ARE PROVIDED TO THE CEO FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE ITS FINANCIAL STATEMENTS IN EVERY BRANCH LOCATION ON A MONTHLY BASIS AND PROVIDES ANY GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 191,257. OTHER ADJUSTMENTS -15,018. TOTAL TO FORM 990, PART XI, LINE 5: 176,239. FORM 990, PART XI, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS. VENTUCO SERVICE ORGANIZATION 6026 TELEPHONE ROAD VENTURA CA 93006 770079972 INSURANCE PRODUCTS CA N/A C 78036 519626 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 VENTUCO SERVICE ORGANIZATION N ACTUAL AMOUNT PAID BELOW THRESHOL