2025-11-14T10:21:25-06:00 2024-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2024-01-01 951068549 EAGLE COMMUNITY CREDIT UNION EAGL 9495889400 PO BOX 5196 LAKE FOREST CA 92609 LISA CHAN CFO 9496397836 2025-11-13 1 1 NATALIE HULL CPA P00089332 8189549700 2024 2025-03-06 01:10:19Z MICHAEL K KIM PO BOX 5196 LAKE FOREST CA 92609 28110724 0 X WWW.EAGLECU.ORG X CREDIT UNION 1937 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 8 8 123 11 32514 0 0 0 24087529 24805273 2018180 2890870 670219 363000 26775928 28059143 12820 27950 0 0 9362291 10211798 0 0 0 15168720 16093440 24543831 26333188 2232097 1725955 352378562 356941911 317245134 319860879 35133428 37081032 X SEE SCHEDULE OEAGLE COMMUNITY 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 A COOPERATIVE, EAGLE COMMUNITY CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 PROVIDED DEPOSIT AND LOAN ACCOUNTS TO 22,702 MEMBERS. PROVIDED LOW COST SOURCE OF CREDIT AND LOW COST FINANCIAL SERVICES TO OUR MEMBERS. PROVIDED SOURCE FOR MEMBER SAVINGS AND CHECKING ACCOUNT NEEDS. 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 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 11433 0 1 123 1 1 1 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 0 1 1 1 1 0 CA X X LISA CHAN CFO 9495889400 27042 TOWNE CENTRE DR STE 100 FOOTHILL RANCH CA 92610 EDWARD FLORES BOARD CHAIRMAN 4.00 X 0 0 0 PHILIP SOULANILLE II BOARD VICE CHAIR 2.00 X 0 0 0 JACKIE DETER BOARD TREASURER 2.00 X 0 0 0 LOUIE FLORES BOARD SECRETARY 4.00 X 3899 0 0 MILES FRIEDMAN BOARD MEMBER 2.00 X 0 0 0 JUSTIN ROMERO BOARD MEMBER 2.00 X 0 0 0 DOMINIC BETRO BOARD MEMBER 2.00 X 0 0 0 MICHAEL OCASIO BOARD MEMBER 2.00 X 0 0 0 PATRICIA DIDONATO SUPV CMTE CHAIRPERSON 2.00 X 0 0 0 STEVE NASMAN SUPV CMTE MEMBER 2.00 X 0 0 0 BERTHA GASCON SUPV CMTE MEMBER 2.00 X 0 0 0 ANDREW SCOTT RAINS FORMER PRESIDENT/CEO 40.00 X 270904 0 12545 MICHAEL K KIM PRESIDENT/CEO 40.00 X 118413 0 31184 MARY DIANE ROBERTS FORMER CFO 40.00 X 135193 0 12498 LISA CHAN CFO 40.00 X 67203 0 5908 ROBERT C THOMPSON CLO 40.00 X 288598 0 60652 ERIC JOSEPH BRADY CIO 40.00 X 207270 0 19714 JEFFREY DAVID MADLAND CHRO 40.00 X 198304 0 13728 CAROL M ROSAS COO 40.00 X 197521 0 26665 DAVID R WARD CMO 40.00 X 148937 0 17431 RAMZI KOURY IT MANAGER 40.00 X 130196 0 14895 VALERIE HENDRICKS ASSISTANT VP OF COLLECTIONS 40.00 X 115246 0 7675 ANTONIO RAMA SENIOR SYSTEM ADMINISTRATOR 40.00 X 111966 0 30731 SHANE LLINAS ASSISTANT VP OF LENDING 40.00 X 110490 0 43642 CHRISTINE M CAMPBELL MANUFACTURED HOME LOAN MANAGER 40.00 X 107504 0 32324 2211644 0 329592 16 0 1 0 0 INTEREST ON LOANS 522100 20824019 20824019 FEE INCOME 522100 2652538 2620024 32514 OTHER OPERATING INCOME 522100 1328716 1328716 24805273 2867451 2867451 75000 51581 23419 23419 23419 OTHER NON-INTEREST INCOME 522100 294428 294428 GAIN ON SALES OF LOANS AND LEASES 522100 68572 68572 363000 28059143 28026629 32514 0 11950 16000 2211644 5630095 313069 1273122 783868 14617 51047 128364 186429 433543 3855572 327849 1283156 231410 5387097 291612 CREDIT LOSS EXPENSE 2922644 LOAN SERVICING EXPENSE 711801 MISC. NON-INTEREST EXPE 220847 OPERATING FEES 47452 26333188 3951417 3736673 26125914 40136067 55628 1062433 1250118 6514680 2693239 4812329 3821441 16434464 9291809 292160164 290161894 7831841 8488281 352378562 356941911 9323488 7368865 307921646 312492014 317245134 319860879 X 0 0 0 0 35133428 37081032 35133428 37081032 352378562 356941911 1725955 221649 0 X X 0 1 X 1 0 1100260 507951 592309 5414420 2185288 3229132 3821441 NET LOANS & LEASES 278649849 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 2737620 C ALL OTHER INVESTMENTS 8261615 F PAID-IN CAPITAL AT CORP CUS 512810 C 290161894 MEMBER SHARES OF ALL TYPES 297487978 NONMEMBER DEPOSITS 15001679 ALLOWANCE FOR CREDIT LOSSES-OFF BALANCE SHEET 2357 312492014 X PART X, LINE 2: INCOME TAXES: THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (AS DEFINED IN SECTION 512) DERIVED BY STATE-CHARTERED CREDIT UNIONS, EXCEPT FOR CERTAIN INCOME PRODUCING ACTIVITIES OF EXEMPT ORGANIZATIONS THAT ARE NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AS SPECIFIED IN THE MEMO RELEASED BY THE IRS IN MAY 2015. MANY STATES HAVE SIMILAR LAWS. IN THE OPINION OF MANAGEMENT, ANY LIABILITY ARISING FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSES IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATION. 1 WORLDWIDE FOUNDATION FOR CREDIT UNIONS INC PO BOX 2982 MADISON WI 537012982 396093210 501(C)(3) 10150 0 FMV TO HELP IMPROVE LIVES THROUGH FINANCIAL INCLUSION BY BRIDGING THE GAP IN GLOBAL CREDIT UNION GROWTH. 1 0 SCHOLARSHIP GRANT 4 16000 X X X 0 1 0 ANDREW SCOTT RAINS FORMER PRESIDENT/CEO 173388 0 0 0 97516 0 7379 0 5166 0 283449 0 0 0 ROBERT C THOMPSON CLO 202745 0 13000 0 72853 0 35881 0 24771 0 349250 0 0 0 ERIC JOSEPH BRADY CIO 193747 0 13000 0 523 0 8741 0 10973 0 226984 0 0 0 JEFFREY DAVID MADLAND CHRO 184871 0 13000 0 433 0 8063 0 5665 0 212032 0 0 0 CAROL M ROSAS COO 179714 0 13000 0 4807 0 6857 0 19808 0 224186 0 0 0 DAVID R WARD CMO 121615 0 13000 0 14322 0 5484 0 11947 0 166368 0 0 0 SHANE LLINAS ASSISTANT VP OF LENDING 104967 0 5362 0 161 0 5474 0 38168 0 154132 0 0 0 FORM 8925: A SUPPLEMENTAL DEFERRED COMPENSATION PACKAGE IS ALSO PROVIDED FOR SENIOR MANAGEMENT. THE PROGRAM IS FUNDED IN PART WITH INDIVIDUAL LIFE INSURANCE POLICIES WITH THE JOHN HANCOCK LIFE INSURANCE COMPANY AND PACIFIC LIFE INSURANCE COMPANY. THE CASH SURRENDER VALUE OF CONTRIBUTIONS MADE BY THE CREDIT UNION TOTALED TO APPROXIMATELY $5,640,000 AND $5,500,000 AS OF SEPTEMBER 30, 2024 AND 2023, RESPECTIVELY. DAVID R WARD OFFICER USED AUTO X 35310 30502 0 0 0 CAROL M ROSAS OFFICER USED AUTO X 25126 25126 0 0 0 55628 FORM 990, PART VI, SECTION A, LINE 6 EAGLE COMMUNITY 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. EAGLE COMMUNITY CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF EAGLE COMMUNITY 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 FORM 990 REVIEW PROCESS: THE RETURN PREPARER E-MAILS A DRAFT OF THE FORM 990 TO THE ORGANIZATION'S AUDITOR WHO THEN FORWARDS THE DRAFT TO A DESIGNATED BOARD MEMBER(S) AND/OR CEO FOR REVIEW. BOTH THE AUDITOR AND DESIGNATED INDIVIDUAL(S) REVIEW THE DRAFT AND PRESENT ANY QUESTIONS, COMMENTS, OR CORRECTIONS TO THE RETURN PREPARER. UPON SATISFACTORY COMPLETION OF THE FORM 990, THE ORGANIZATION'S AUTHORIZED INDIVIDUAL SIGNS THE APPROPRIATE SIGNATURE FORM(S) TO AUTHORIZE THE ELECTRONIC FILING OF THE RETURN. A COPY OF THE FORM 990, AS FILED, IS PROVIDED BY THE RETURN PREPARER TO THE ORGANIZATION'S CEO OR OTHER DESIGNATED INDIVIDUAL(S). FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW & APPROVAL PROCESS FOR CEO, EXEC. DIR., OR TOP MGMT: THE ORGANIZATION USES SALARY SURVEYS AND ANNUAL REVIEWS. FORM 990, PART VI, LINE 15B: COMPENSATION REVIEW & APPROVAL PROCESS FOR OFFICERS & KEY EMPLOYEES: THE ORGANIZATION USES SALARY SURVEY AND ANNUAL REVIEWS. FORM 990, PART VI, SECTION C, LINE 19 OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE: GOVERNING DOCUMENTS ARE POSTED IN THE LOBBY AND COPIES ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, LINES 1A AND 1B: DURING 2024, THE NUMBER OF VOTING MEMBERS OF THE GOVERNING BODY AND THE NUMBER OF INDEPENDENT VOTING MEMBERS INCREASED FROM 7 TO 8. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. ECCU INSURANCE SOLUTIONS LLC 27042 TOWNE CENTRE DR SUITE 100 FOOTHILL RANCH CA 92610 832276667 INSURANCE CA 8480 12464 EAGLE COMMUNITY CREDIT UNION