2025-11-13T18:14:05-06:00 2024-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2024-01-01 956048257 MEDIA CITY CREDIT UNION MEDI 8182382950 1020 WEST OLIVE AVENUE BURBANK CA 91506 ANA ORDONEZ CEO 8182382950 2025-11-13 1 1 NATALIE HULL CPA P00089332 8189549700 2024 2025-03-06 01:10:19Z ANA ORDONEZ 1020 WEST OLIVE AVENUE BURBANK CA 91506 1909095 0 X WWW.MEDIACITYCU.ORG X CREDIT UNION 1936 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 5 4 8 7 5672 2117 0 0 1394255 1602961 328519 306134 0 0 1722774 1909095 255 1875 0 0 583647 600655 0 0 0 944456 1070987 1528358 1673517 194416 235578 39037199 38764832 34180104 33400095 4857095 5364737 X 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 A COOPERATIVE, MEDIA CITY CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICE OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 THE ORGANIZATION DELIVERED VALUED FINANCIAL PRODUCTS & SERVICES TO ITS MEMBERS. THE ORGANIZATION WORKED PROACTIVELY WITH MEMBERS FACING FINANCIAL DIFFICULTIES BY OFFERING FINANCIAL PRODUCTS THAT WERE IN THE BEST INTEREST OF THE MEMBER AND CREDIT UNION. THE ORGANIZATION CONTINUED TO OFFER COMPETITIVE RATES TO OUR MEMBERS. THE ORGANIZATION DELIVERED VALUED FINANCIAL PRODUCTS & SERVICES TO ITS MEMBERS. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 363 0 1 8 1 1 1 0 0 0 0 0 0 0 X 5 4 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X ANA ORDONEZ CEO 8182382950 1020 WEST OLIVE AVENUE BURBANK CA 91506 DAYNA MARKS CHAIRPERSON 0.35 X 0 0 0 GARY KOLOMINSKI VICE CHAIRPERSON 0.35 X 0 0 0 GARY NERSISIAN BOARD TREASURER 0.35 X 0 0 0 EDWIN MAGANA DIRECTOR 0.35 X 0 0 0 SANDRA RODRIGUEZ-SHAPIRO SUPV CMTE CHAIRPERSON 0.08 X 0 0 0 ANABEL DURAN SUPV CMTE MEMBER 0.08 X 0 0 0 JOHN BURKE SUPV CMTE MEMBER 0.08 X 0 0 0 ANA ORDONEZ CEO/BOARD SECRETARY 40.00 X X 144172 0 21245 144172 0 21245 1 0 1 0 0 INTEREST ON LOANS 522100 1387441 1387441 FEE INCOME 522100 183205 183205 OTHER OPERATING INCOME 522100 32315 26643 5672 1602961 306134 306134 1909095 1903423 5672 0 375 1500 144172 355259 18100 46046 37078 65119 7413 64091 56180 177604 88176 52247 14026 400325 15338 22227 LOAN SERVICING EXPENSES 59422 CREDIT LOSS EXPENSE 23416 MISC OPERATING EXPENSES 17900 OPERATING FEES 7503 1673517 139654 185321 296520 2919343 61681 58758 1159121 467278 682874 691843 10143703 9917834 27517521 24441467 195246 550266 39037199 38764832 18737 134929 34161367 33265166 34180104 33400095 X 0 0 0 0 4857095 5364737 4857095 5364737 39037199 38764832 235578 272064 0 X X 0 1 X 1 0 503000 503000 415642 257745 157897 240479 209533 30946 691843 DEPOSITS IN COMMERCIAL BANKS 4229000 C NET LOANS & LEASES 19871181 F NCUA SHARE INSURANCE DEPOSIT 293102 C PAID IN CAPITAL AT CORP 48184 C 24441467 TOTAL SHARES AND DEPOSITS 33265166 33265166 X 1909095 0 1909095 0 1909095 1673518 0 1673518 0 1673518 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 YEARS ENDED DECEMBER 31, 2024 AND 2023, MANAGEMENT HAS DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS, AND ACCORDINGLY, THE CREDIT UNION HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. X 0 0 0 ANA ORDONEZ CEO/BOARD SECRETARY 134172 0 10000 0 0 0 6462 0 14783 0 165417 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEDIA CITY 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. MEDIA CITY CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF MEDIA CITY 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 11B THE BOARD REVIEWS THE FORM 990 DURING THE BOARD MEETING AND PROVIDES COMMENTS AND MODIFICATIONS WHERE NECESSARY. FORM 990, PART VI, SECTION B, LINE 12C EVERY MEMBER OF THE ORGANIZATION REVIEWS THE CONFLICT OF INTEREST POLICY AND ACKNOWLEDGES COMPLIANCE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 FOR CEO PAY, THE BOARD REVIEWS THE SALARY SURVEY AND DECISIONS ON CHANGES ARE MADE WHERE APPROPRIATE. A CREDIT UNION SALARY GUIDE FOR LIKE SIZED CREDIT UNIONS IS USED TO HELP DETERMINE OFFICER AND EMPLOYEE PAY. THESE FIGURES ARE PRESENTED TO THE BOARD ALONG WITH PERFORMANCE REVIEW WHEN APPROVING SALARIES. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE HELD AT THE CREDIT UNION OR OFF SITE AND ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.