2024-11-14T15:30:52-06:00 2023-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2023-01-01 941404327 UNCLE CREDIT UNION UNCL 9254475001 2100 LAS POSITAS COURT LIVERMORE CA 94551 TERRY BISHOP SVP/CFO 9254475001 2024-11-13 1 1 VALENTINO CREUS CPA P01054153 8189549700 2023 2024-10-15 13:58:12Z HAROLD ROUNDTREE 2100 LAS POSITAS COURT LIVERMORE CA 94551 39147446 0 X WWW.UNCLECU.ORG X CREDIT UNION 1957 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 11 11 138 11 379725 0 0 0 28388342 36804612 1357013 1525891 0 816943 29745355 39147446 7500 8500 0 0 11248176 11672356 0 0 0 17781687 25602147 29037363 37283003 707992 1864443 734869392 726002844 687904250 679048025 46965142 46954819 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, UNCLE 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 THE CREDIT UNION PROVIDED 38,068 DEPOSIT ACCOUNTS TO 35,938 MEMBERS AS OF DECEMBER 31, 2023. IN 2023, 16,696 LOANS WERE MADE TO MEMBERS. LOANS AVAILABLE TO MEMBERS INCLUDE AUTO, CREDIT CARD, PERSONAL, HOME EQUITY, AND FIRST MORTGAGES. MEMBERS MAY OPEN THE FOLLOWING DEPOSIT ACCOUNTS:SAVINGS, CHECKING, MONEY MARKET, IRA, TERM CERTIFICATES OF DEPOSIT, YOUTH DEPOSIT ACCOUNTS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 5956 0 1 138 1 1 1 0 0 0 0 0 0 0 1 0 X 11 11 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X TERRY BISHOP SVPCFO 9254475001 2100 LAS POSITAS COURT LIVERMORE CA 94551 CHUNG BOTHWELL CHAIRMAN 6.00 X 0 0 0 NEDA GRAY VICE CHAIRPERSON 4.00 X 0 0 0 LYUDMILA SHAPOVALOV TREASURER 4.00 X 0 0 0 CLAY SMITH SECRETARY 4.00 X 0 0 0 JOHN STEIN DIRECTOR 4.00 X 0 0 0 LEE NEELY DIRECTOR 4.00 X 0 0 0 IVAN COREY DIRECTOR 4.00 X 0 0 0 HUGH BUSSELL DIRECTOR 4.00 X 0 0 0 JOHN FREEMAN DIRECTOR 4.00 X 0 0 0 ROBIN MORRIS DIRECTOR 4.00 X 0 0 0 PETER GOLDSTEIN DIRECTOR 4.00 X 0 0 0 HAROLD ROUNDTREE PRESIDENT/CEO 40.00 X 1060941 0 563349 TERRY BISHOP SVP/CFO 40.00 X 254305 0 149661 JAMES FISHER SVP/CTO 40.00 X 259123 0 90118 GINA BLOOMFIELD SVP/CONTROLLER 40.00 X 866902 0 74032 ANDREA F JOHNSON SVP/COO 40.00 X 275011 0 23218 APRIL INGRAM SVP/CPO 40.00 X 225128 0 35257 BLAIR CONNER SVP/CCO 40.00 X 212126 0 14611 TRAVIS ANWAY VP, CONSUMER LENDING 40.00 X 179278 0 14462 3332814 0 964708 20 0 1 0 0 INTEREST ON LOANS 522100 28075488 28075488 OTHER OPERATING INCOME 522100 5696584 5696584 FEE INCOME 522100 3032540 2652815 379725 36804612 1525891 1525891 GAIN ON EQUITY AND TRA 522100 816943 816943 816943 39147446 38767721 379725 0 8500 3332814 6437457 224093 917300 760692 165159 1390575 740561 2766995 2882769 990826 338955 7536098 523918 46267 CREDIT LOSS EXPENSE 5730756 LOAN SERVICING FEES 1971454 MISCELLANEOUS EXPENSES 430307 OPERATING FEES 87507 37283003 5119980 7187929 28632337 29455940 2768243 2728544 6215533 6025892 11773350 8057161 3956015 3716189 55505875 56139782 12386418 8667910 612564687 598783934 7720304 13296724 734869392 726002844 7272569 7835063 680631681 671212962 687904250 679048025 X 0 0 0 0 46965142 46954819 46965142 46954819 734869392 726002844 X 1864443 -402642 -1472124 X X 0 1 X 1 0 949799 949799 3725534 2505756 1219778 2038966 1756692 282274 5059051 3794713 1264338 3716189 DEPOSITS IN COMMERCIAL BANKS, S&LS, SAVINGS BANKS 1688001 C ALL OTHER INVESTMENTS 3202000 F LOANS AND LEASES 588273860 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 5602202 C PAID IN CAPITAL 17871 C 598783934 MEMBERS SHARES AND DEPOSITS 640755335 DRAWS AGAINST LINES OF CREDIT 10250000 ACCRUED DIVIDENDS AND INTEREST 22993 ALLOWANCE FOR CREDIT LOSS 40893 NONMEMBER DEPOSITS 20143741 671212962 X PART X, LINE 2: FASB ASC 740-10-65, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CREDIT UNION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE LIKELY THAN NOT" OF BEING SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS DEEMED TO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD SHOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEAR ENDED MARCH 31, 2024, MANAGEMENT HAS DETERMINED THAT THE CREDIT UNION HAS NO MATERIAL UNCERTAIN TAX POSITIONS, AND ACCORDINGLY, THE CREDIT UNION HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. STATE TAXES, IF APPLICABLE, ARE PAID ON INCOME EARNED BY THE CREDIT UNION IN CALIFORNIA. THE CREDIT UNION IS SUBJECT TO AND PAYS ALL STATE AND CITY TAXES ON GOODS AND SERVICES PURCHASED BY THE CREDIT UNION. 1 LIVERMORE LAB FOUNDATION 1111 FRANKLIN STREET OAKLAND CA 94607 812567763 501(C)(3) 5000 0 FMV PROVIDE FINANCIAL SUPPORT FOR SCIENTIFIC RESEARCH, TECHNOLOGY DEVELOPMENT AND EDUCATIONAL ENDEAVORS. 1 0 X X X X X 0 1 0 HAROLD ROUNDTREE PRESIDENT/CEO 538441 0 93051 0 429449 0 536845 0 26504 0 1624290 0 0 0 TERRY BISHOP SVP/CFO 223319 0 29849 0 1137 0 115188 0 34473 0 403966 0 0 0 JAMES FISHER SVP/CTO 222262 0 30313 0 6548 0 63409 0 26709 0 349241 0 0 0 GINA BLOOMFIELD SVP/CONTROLLER 204611 0 30305 0 631986 0 52298 0 21734 0 940934 0 0 0 ANDREA F JOHNSON SVP/COO 230531 0 25209 0 19271 0 11040 0 12178 0 298229 0 0 0 APRIL INGRAM SVP/CPO 198660 0 25437 0 1031 0 14966 0 20291 0 260385 0 0 0 BLAIR CONNER SVP/CCO 211670 0 0 0 456 0 5623 0 8988 0 226737 0 0 0 TRAVIS ANWAY VP, CONSUMER LENDING 161090 0 17700 0 488 0 13348 0 1114 0 193740 0 0 0 PART I, LINE 4B THE CREDIT UNION HAS A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR MEMBERS OF TOP MANAGEMENT. UNDER THE TERMS OF THE PLAN, PARTICIPANTS ARE ENTITLED TO A SPECIFIED AMOUNT IF THEY REMAIN EMPLOYED BY THE CREDIT UNION UNTIL A PREDETERMINED TIME. IF THESE EMPLOYEES BECOME FULLY DISABLED AS DEFINED IN THE AGREEMENT, ACCRUED BENEFITS ARE IMMEDIATELY PAYABLE. THE BENEFITS ARE SUBJECT TO FORFEITURE IF EMPLOYMENT IS TERMINATED FOR CAUSE AS DEFINED IN THE AGREEMENTS. TO SUPPORT THE DEFERRED COMPENSATION PLAN, THE CREDIT UNION HAS ELECTED TO PURCHASE CREDIT UNION-OWNED VARIABLE LIFE INSURANCE AND VARIABLE ANNUITIES AND MUTUAL FUNDS. THE DEFERRED COMPENSATION ACCOUNTS ARE SHOWN AS BOTH ASSETS AND LIABILITIES AND ARE AVAILABLE TO CREDITORS IN THE EVENT OF LIQUIDATION. HAROLD ROUNDTREE OFFICER CREDIT CARD X 20000 1358 0 1 1 HAROLD ROUNDTREE OFFICER MORTGAGE X 1193000 1066604 0 1 1 HAROLD ROUNDTREE OFFICER MORTGAGE X 514500 469889 0 1 1 TERRY BISHOP OFFICER MORTGAGE X 680000 661508 0 0 1 TERRY BISHOP OFFICER NEW CAR X 60000 51078 0 0 1 TERRY BISHOP OFFICER NEW CAR X 40010 39585 0 0 1 GINA BLOOMFIELD HCE CREDIT CARD X 20000 6304 0 1 1 GINA BLOOMFIELD HCE MORTGAGE X 484000 432218 0 0 1 2728544 FORM 990, PART VI, SECTION A, LINE 6 UNCLE 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. UNCLE CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF UNCLE CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. 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 OF THE MERGER OR DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B A REVIEW OF THE FORM 990 IS PERFORMED BY THE INTERNAL AUDIT AND COMPLIANCE DEPARTMENT. THE INTERNAL AUDIT AND COMPLIANCE DEPARTMENT REPORTS TO AN INDEPENDENT OVERSIGHT COMMITTEE. FORM 990 IS ALSO PROVIDED TO THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY AND WHISTLE BLOWER POLICY IS IN EFFECT. EVERY YEAR THE GOVERNING BODY AND EMPLOYEES COMPLETE A DETAILED QUESTIONNAIRE PERTAINING TO CONFLICT OF INTEREST. THE INTERNAL AUDIT AND COMPLIANCE DEPARTMENT MONITORS ACTIVITY ASSOCIATED WITH THESE POLICIES TO ENSURE ALL CASES ARE RESOLVED APPROPRIATELY. THE INTERNAL AUDIT AND COMPLIANCE DEPARTMENT REPORTS TO AN INDEPENDENT OVERSIGHT COMMITTEE, NOT PART OF THE GOVERNING BODY OR MANAGEMENT, AND WHO REPRESENTS THE INTERESTS AND WELL BEING OF THE CREDIT UNION MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 15 UNCLE CREDIT UNION MAINTAINS A COMPETITIVE SALARY RANGE STRUCTURE FOR ALL POSITIONS. THE HUMAN RESOURCES DEPARTMENT PARTICIPATES IN CERTAIN SALARY SURVEYS AS APPROPRIATE FOR OUR INDUSTRY, POSITIONS, ASSET SIZE, EMPLOYEE SIZE, AND GEOGRAPHICAL LOCATIONS. SALARIES ARE BASED ON GRADE LEVELS THAT ARE DETERMINED BY VARIOUS FACTORS SUCH AS ORGANIZATIONAL IMPACT, EDUCATION, EXPERIENCE, AND ETC. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. IN ADDITION, FINANCIAL STATEMENTS ARE POSTED PUBLICLY IN THE LOBBY OF EACH OF OUR BRANCH LOCATIONS AND ON THE WEBSITE AT WWW.UNCLECU.ORG. FORM 990, PART XI, LINE 9: CHANGE IN OCI -739,695. EQUITY ACQUIRED IN MERGER 186,670. CECL TRANSITIONAL AMOUNT (AS DETERMINED UNDER 702.703(B)) -919,099. FORM 990, PART XI, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.