2011-11-07T19:17:27-06:00 2010-12-31 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2010-01-01 941242831 TRAVIS CREDIT UNION TRAV 7074691671 PO BOX 2069 VACAVILLE CA 95696 PATSY VAN OUWERKERK 7074691671 2011-10-27 1 VALENTINO CREUS CPA 8189549700 2010 2016-03-07 17:11:31Z PATSY VAN OUWERKERK PO BOX 2069 VACAVILLE CA 95696 105071714 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 9 499 9 388376 -92580 0 0 94216739 87441637 15498607 13067069 110472 3403967 109825818 103912673 0 0 0 0 27277812 28330466 0 0 0 98914502 51673728 126192314 80004194 -16366496 23908479 1553273848 1798432819 1401116972 1620945331 152156876 177487488 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 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 48238 0 1 499 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 3004 0 0 PATRICIA MORENO 1.00 X 996 0 0 TOM KULINSKI 1.00 X 1478 0 0 CHARLES DAWES 1.00 X 1034 0 0 MARY COBURN 1.00 X 614 0 0 DEBORAH ASPLING 1.00 X 966 0 0 ARTURO REYES 1.00 X 496 0 0 MARK DUPREE 1.00 X 0 0 0 THOMAS WATKINS 1.00 X 0 0 0 LEN AUGUSTINE 1.00 X 0 0 0 ANNE ROLLIN 1.00 X 0 0 0 DEE ALARCON 1.00 X 952 0 0 PATSY VAN OUWERKERK 40.00 X 570130 0 38255 LILA DRESSEN 40.00 X 304080 0 41657 BARRY NELSON 40.00 X 228484 0 37481 RICHARD ROARK 40.00 X 181494 0 19210 NAVNEET KHANNA 40.00 X 202312 0 43362 DAVID PURCELL 40.00 X 160948 0 33520 ARIC N KOSHIYAMA 40.00 X 206944 0 22734 GLORIA NUNEZ 40.00 X 158107 0 25766 CHRIS DANIELS 40.00 X 150566 0 18159 CATHY RIOS 40.00 X 147634 0 36552 STEVEN LANGLEY 40.00 X 131548 0 29547 CRAIG BEAUDRY 40.00 X 126719 0 22200 STACY FIFIELD 40.00 X 126779 0 21955 CRAIG CRISMON 40.00 X 122571 0 28549 2827856 0 418947 22 0 1 0 0 LOAN INCOME 522100 67777454 67777454 OTHER OPERATING INCOME 522100 10940320 10917581 22739 FEE INCOME 522100 8723863 8358226 365637 87441637 13245033 13245033 981077 1159041 -177964 -177964 -177964 GAIN ON BARGAIN PURCHA 522100 3131441 3131441 GAIN ON INVESTMENTS 522100 147143 147143 OTHER NON-OPERATING IN 522100 125383 125383 3403967 103912673 103524297 388376 0 2827859 19100633 1231733 3518288 1651953 165403 119168 553273 2094518 9318285 3438318 382365 10599067 3124304 3442879 PROVISION FOR LOAN AND 12809021 LOAN SERVICING 4361676 MISC. OPERATING EXPENSE 1137740 OPERATING FEES 127711 80004194 10506312 9901605 47070807 124651533 4426515 4231878 2707137 1995137 70645934 33112959 36916151 37532975 345219245 478015039 1092306888 1124331133 1644332 14120793 16129187 1553273848 1798432819 7220580 10680337 1393896392 1610264994 1401116972 1620945331 X 0 0 0 0 152156876 177487488 152156876 177487488 1553273848 1798432819 X 23908479 1422133 X X 0 1 1 X 0 5562519 5562519 33091024 7716248 25374776 6456799 3592663 2864136 25535592 21804048 3731544 37532975 ALL OTHER INVESTMENTS IN CORP CU 125842994 F ALL OTHER INVESTMENTS 5274300 F LOANS HELD FOR SALE 1021549 F LOANS & LEASES 975587711 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 15011918 F DEPOSITS IN COMMERCIAL BANKS, S&LS, SAVINGS BANKS 1592661 F 1124331133 ACCRUED DIVIDENDS & INTEREST PAYABLE 880134 MEMBER SHARES & DEPOSITS 1609384860 1610264994 103912673 80004194 23908479 1422133 1422133 25330612 103912673 0 103912673 0 103912673 80004194 0 80004194 0 80004194 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: IN THE OPINION OF MANAGEMENT, ANY POTENTIAL LIABILITY ARISING FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. PART XI, LINE 8 - OTHER ADJUSTMENTS: ACCUMULATED UNREALIZED GAIN/LOSS ON AVAILABLE-FOR-SALE SECURITIES 1,422,133. X 1 1 X X X X 0 1 0 PATSY VAN OUWERKERK 496048 0 64949 0 9133 0 20500 0 17755 0 608385 0 0 0 LILA DRESSEN 268236 0 33017 0 2827 0 20500 0 21157 0 345737 0 0 0 BARRY NELSON 198918 0 20579 0 8987 0 18196 0 19285 0 265965 0 0 0 RICHARD ROARK 170000 0 0 0 11494 0 1950 0 17260 0 200704 0 0 0 NAVNEET KHANNA 178718 0 18636 0 4958 0 17186 0 26176 0 245674 0 0 0 DAVID PURCELL 154386 0 0 0 6562 0 15969 0 17551 0 194468 0 0 0 ARIC N KOSHIYAMA 36000 0 0 0 170944 0 10345 0 12389 0 229678 0 0 0 GLORIA NUNEZ 147483 0 0 0 10624 0 13056 0 12710 0 183873 0 0 0 CHRIS DANIELS 144157 0 0 0 6409 0 15393 0 2766 0 168725 0 0 0 CATHY RIOS 142542 0 0 0 5092 0 15377 0 21175 0 184186 0 0 0 STEVEN LANGLEY 124197 0 0 0 7351 0 12404 0 17143 0 161095 0 0 0 CRAIG CRISMON 122123 0 0 0 448 0 6106 0 22443 0 151120 0 0 0 CHARLES DAWES FIRST MORTGAGE X 320000 251557 0 1 1 CHARLES DAWES CREDIT CARD X 0 401 0 1 1 CURT NEWLAND FIRST MORTGAGE X 262000 228366 0 1 1 CURT NEWLAND HOME EQUITY X 120000 108025 0 1 1 TOM KULINSKI CREDIT CARD X 0 2774 0 1 1 MARY COBURN CREDIT CARD X 0 256 0 1 1 MARK DUPREE CREDIT CARD X 0 32529 0 1 1 ARTURO REYES CREDIT CARD X 0 11688 0 1 1 PATSY VAN OUWERKERK FIRST MORTGAGE X 503000 417290 0 1 1 PATSY VAN OUWERKERK HOME EQUITY LINE X 0 347315 0 1 1 PATSY VAN OUWERKERK CREDIT CARD X 0 16885 0 1 1 LILA DRESSEN FIRST MORTGAGE X 240000 43341 0 0 1 BARRY NELSON FIRST MORTGAGE X 286000 224427 0 0 1 BARRY NELSON HOME EQUITY X 0 7081 0 0 1 BARRY NELSON AUTOMOBILE X 25579 16598 0 0 1 RICHARD ROARK CREDIT CARD X 0 4997 0 0 1 NAVNEET KHANNA FIRST MORTGAGE X 579000 557021 0 0 1 NAVNEET KHANNA CREDIT CARD X 0 3565 0 0 1 DAVID PURCELL FIRST MORTGAGE X 335000 272000 0 0 1 DAVID PURCELL AUTOMOBILE X 34112 22261 0 0 1 DAVID PURCELL CREDIT CARD X 0 23614 0 0 1 GLORIA NUNEZ FIRST MORTGAGE X 312800 301792 0 0 1 GLORIA NUNEZ SECOND MORTGAGE X 60000 32385 0 0 1 GLORIA NUNEZ CREDIT CARD X 0 7402 0 0 1 CHRIS DANIELS FIRST MORTGAGE X 102097 71689 0 0 1 CHRIS DANIELS FIRST MORTGAGE X 340000 327881 0 0 1 CHRIS DANIELS HOME EQUITY X 0 168616 0 0 1 CHRIS DANIELS AUTOMOBILE X 15000 6452 0 0 1 CHRIS DANIELS CREDIT CARD X 0 9256 0 0 1 CATHY RIOS AUTOMOBILE X 22049 17614 0 0 1 CATHY RIOS CREDIT CARD X 0 3842 0 0 1 STEVE LANGLEY FIRST MORTGAGE X 220000 212307 0 0 1 CRAIG BEAUDRY AUTOMOBILE X 44254 28900 0 0 1 CRAIG BEAUDRY CREDIT CARD X 0 5154 0 0 1 STACY FIFIELD CREDIT CARD X 0 11878 0 0 1 CRAIG CRISMON FIRST MORTGAGE X 375000 353204 0 0 1 CRAIG CRISMON CREDIT CARD X 0 3249 0 0 1 STEVE LANGLEY HOME EQUITY X 0 9971 0 0 1 CRAIG CRISMON HOME EQUITY X 0 41037 0 0 1 PAT MORENO CREDIT CARD X 0 3361 0 1 1 ANN ROLLIN CREDIT CARD X 0 8351 0 1 1 DEE ALARCON AUTOMOBILE X 14530 10799 0 1 1 DEE ALARCON CREDIT CARD X 0 4747 0 1 1 4231878 CHRIS DANIELS VP ADMIN 13280 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: ACCUMULATED UNREALIZED GAIN/LOSS ON AVAILABLE-FOR-SALE SECURITIES 1,422,133. TOTAL TO FORM 990, PART XI, LINE 5: 1,422,133. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.