2024-11-13T16:50:06-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2023-01-01 940362029 CENTRAL STATE CREDIT UNION FKA CREDIT UNIONS IN THE STATE OF CA CENT 2094445311 919 NORTH CENTER STREET STOCKTON CA 95202 ANNA LO CEO/PRESIDENT 2094445311 2024-11-12 1 1 MELISSA HANGSLEBEN P02087031 6022662248 2024-11-06 2023 2024-10-15 13:58:12Z ANNA LO 919 NORTH CENTER STREET STOCKTON CA 95202 9142859 0 X WWW.CENTRALSTATECU.ORG X 1936 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 7 7 78 14 120696 0 0 0 5906730 6693178 2435630 2413681 36000 36000 8378360 9142859 7403 0 0 517731 3380319 3392836 0 0 0 3596332 4268284 6984054 8178851 1394306 964008 239083706 228943528 234233829 220614208 4849877 8329320 X CENTRAL STATE CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVING 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, CENTRAL STATE CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS OWN MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 WE ARE IN BUSINESS TO LOAN FUNDS TO OUR MEMBERS AT LOW RATES. WE ARE A COMMUNITY-BASED CREDIT UNION SERVING OVER 15,000 MEMBERS. MEMBERS CAN USE OUR ELECTRONIC SERVICES 24/7 THROUGH SEVERAL DELIVERY CHANNELS, INCLUDING HOME BANKING, BILL PAY AND ATM SERVICES. WE HAVE AN ARRAY OF OTHER LOW COST OR NO COST SERVICES SUCH AS CHECKING ACCOUNTS, IRA ACCOUNTS AND OTHER FINANCIAL SERVICES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1996 0 1 78 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 0 0 CA X ANNA LO 2094445311 919 NORTH CENTER STREET STOCKTON CA 95202 LINDA FRONTZ BOARD CHAIR 1.00 X X 0 0 0 RICH GARCIA VICE CHAIR 1.00 X X 0 0 0 JAMES KIEFER TREASURER 1.00 X X 0 0 0 LORI OLSON SECRETARY 1.00 X X 0 0 0 EFRAIN AGUILAR DIRECTOR 1.00 X 0 0 0 DOUG LINGO DIRECTOR 1.00 X 0 0 0 STEVEN RUSSELL SR DIRECTOR 1.00 X 0 0 0 SCOTT M WAITE PRESIDENT AND CEO (THRU 4/4/23) 40.00 X 85073 0 0 ANNA LO PRESIDENT AND CEO 40.00 X 85185 0 0 BAYARDO RAMIREZ CHIEF OPERATIONS OFFICER 40.00 X 60717 0 2697 THOMAS BROWN CHIEF INFORMATION OFFICER 40.00 X 47570 0 4931 PATRICIA MURARIK VP OF OPERATIONS (THRU 8/25/23) 40.00 X 109625 0 7655 BENGINO MAGDALENO THRU 82523 VP OF INFORMATION SYSTEMS 40.00 X 112483 0 12861 500653 0 28144 2 0 0 0 CO-OP 9692 HAVEN AVE STE 300 RANCHO CUCAMONGA CA 91730 ATM/CARD SERVICE 558555 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65709 COMPUTER SOFTWARE SERVICES 215020 APITURE INC 1850 TIBURON DRIVE WILMINGTON NC 28403 FINANCIAL SERVICES 191334 FIS 2923 BRADLEY ST PASADENA CA 91107 FINANCIAL SERVICES 184455 JANE ELLEN MITCHEL DOBBS 4014 E VIA MONTOYA DR PHOENIX AZ 85050 CONSULTANT 126000 6 INTEREST ON LOANS 522100 4302160 4302160 FEE INCOME 522100 2391018 2270322 120696 6693178 2413681 2413681 36000 0 36000 36000 36000 9142859 6572482 120696 2449681 517731 286173 2464090 216566 203111 222896 165631 100000 410791 38470 1300391 221529 719244 79003 104569 336190 21330 LOAN SERVICING 247277 HOME BANKING EXPENSE 191334 MISCELLANEOUS EXPENSE 191095 MEMBERSHIP DUES 86186 55244 8178851 2262566 2837178 24679748 20798038 82523826 86111939 22485 954869 8362800 5166272 3512944 3196528 114193317 111800047 177656 174985 11711164 3069944 239083706 228943528 1182429 1395072 233051400 219219136 234233829 220614208 X 0 0 0 0 4849877 8329320 4849877 8329320 239083706 228943528 964008 2515435 0 X X 0 0 0 1061871 1061871 5548607 3448782 2099825 4982 4982 0 1747340 1712508 34832 3196528 MEMBERS' SHARE AND SAVINGS ACCOUNTS 219219136 219219136 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS MAY APPOINT AN EXECUTIVE COMMITTEE OF NO FEWER THAN THREE DIRECTORS AND DELEGATE TO SUCH COMMITTEE THE POWER TO APPROVE MEMBERSHIP APPLICATIONS. WITH THE WRITTEN APPROVAL OF THE COMMISSIONER, THE EXECUTIVE COMMITTEE MAY ACT FOR THE BOARD OF DIRECTORS IN THE PURCHASE AND SALE OF SECURITIES, INVESTMENT AND WITHDRAWAL OF FUNDS, IN BORROWING FUNDS AND TO MAKE LOANS TO OTHER CREDIT UNIONS IN ACCORDANCE WITH THE LAW AND REGULATIONS. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S PRIMARY FIELD OF MEMBERSHIP CONSISTS OF EMPLOYEES OR RETIRED EMPLOYEES OF THE STATE OF CALIFORNIA WHO LIVE OR REGULARLY WORK IN THE COUNTIES OF SOLANO, SAN JOAQUIN, STANISLAUS, MERCED, MARIPOSA, TUOLUMNE, CALAVERAS, AMADOR AND ALPINE. THE CREDIT UNION OPERATES FOUR BRANCHES IN SAN JOAQUIN AND CALAVERAS COUNTIES. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS HAVE THE RIGHT TO ELECT THE GOVERNING BODY, THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS ARE OWNERS OF THE CREDIT UNION AND 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 11B EXECUTIVE MANAGEMENT REVIEWS THE FORM 990. THE FORM 990 WAS REVIEWED BY THE CHAIRMAN OF THE SUPERVISORY COMMITTEE PRIOR TO THE FILING OF THE RETURN. THE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS AT THE NEXT MONTHLY MEETING FOLLOWING THE FILING OF THE RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION DOES NOT PERMIT ITS STAFF TO MAKE TRANSACTIONS ON THEIR ACCOUNT OR THE ACCOUNT OF THEIR FAMILY MEMBERS. THE STAFF IS ALSO REQUIRED TO LET THE CREDIT UNION KNOW IF THEY HAVE A SECOND JOB. EACH YEAR, THE STAFF AND VOLUNTEERS ARE REQUIRED TO READ AND SIGN THE PERSONNEL POLICY WHICH INCLUDES A CONFLICT OF INTEREST CLAUSE. THE VOLUNTEERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15A TO DETERMINE THE PRESIDENT AND CEO'S COMPENSATION, THE CREDIT UNION USES COMPARABLE DATA FROM INDEPENDENT COMPENSATION SURVEYS TO PRESENT TO THE BOARD OF DIRECTORS FOR CONSIDERATION. THIS COMPENSATION DECISION IS THEN DOCUMENTED IN THE BOARD MINUTES AND PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS NOT AVAILABLE TO THE PUBLIC, HOWEVER, THE CONFLICT OF INTEREST POLICY WAS APPROVED BY THE GOVERNING BODY, THE BOARD OF DIRECTORS. THE CREDIT UNION POSTS OUR FINANCIAL STATEMENT FOR THE PUBLIC IN OUR LOBBY ON A MONTHLY BASIS. PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR ITS SELECTION PROCESS DURING THE TAX YEAR.