2023-11-08T13:27:36-06:00 2022-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2022-01-01 941243656 EXCITE CREDIT UNION (FKA ALLIANCE CREDIT UNION) EXCI 4082657322 151 BERNAL ROAD SAN JOSE CA 95119 BRIAN DORCY PRESIDENT/CEO 4082657322 2023-11-02 1 BRIAN DORCY 999009999 1 VALENTINO CREUS CPA P01054153 8189549700 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRIAN DORCY 151 BERNAL ROAD SAN JOSE CA 95119 32546340 0 X WWW.EXCITECU.ORG X CREDIT UNION 1952 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 159 14 115665 0 0 0 25453062 30171584 1696505 2292589 237170 82167 27386737 32546340 208207 204375 0 0 11134064 11278113 0 0 0 14042616 17432739 25384887 28915227 2001850 3631113 666115500 720500856 615327091 679002606 50788409 41498250 X EXCITE 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, EXCITE 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 ACHIEVEMENT OF SATISFACTORY SERVICES PROVIDED TO MEMBERS IN CONNECTION WITH CONSUMER LOANS, I.E., AUTO LOANS, VISA AND PERSONAL LINES OF CREDIT. ACCOMPLISHMENT OF TARGET GOALS IN CONNECTION WITH PROVISION OF MORTGAGE LOAN PRODUCTS TO EXISTING MEMBERS. MEMBER SATISFACTION IN CONNECTION WITH SERVICES PERTAINING TO CHECKING/SAVINGS ACCOUNTS, ATTRACTIVE CD RATES, IRA AND SIMILAR ACCOUNTS. 0 0 1 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 1 0 0 1 18416 0 1 159 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 0 0 1 1 1 1 0 CA X X BRIAN DORCY PRESIDENTCEO 4089795150 3315 ALMADEN EXPRESSWAY SUITE 55 SAN JOSE CA 951181557 DONNA RHODY CHAIRPERSON 1.00 X 0 0 0 SURYA TURAGA VICE CHAIRPERSON 1.00 X 0 0 0 RALPH FINELLI BOARD SECRETARY 1.00 X 0 0 0 ALAN HANSEN BOARD TREASURER 1.00 X 0 0 0 BARBARA ALUMBAUGH BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER EKREN BOARD MEMBER 1.00 X 0 0 0 MARK HANSON BOARD MEMBER 1.00 X 0 0 0 ALAN RABY BOARD MEMBER 1.00 X 0 0 0 MIKE KIERNAN BOARD MEMBER 1.00 X 0 0 0 DEVIN MCALPINE SUPV CMTE CHAIRPERSON 1.00 X 0 0 0 LAURA GOLDING SUPV CMTE MEMBER 1.00 X 0 0 0 BANSAL DEEPJA SUPV CMTE MEMBER 1.00 X 0 0 0 MIKE UHRI SUPV CMTE MEMBER 1.00 X 0 0 0 KIM CAMPBELL SUPV CMTE MEMBER 1.00 X 0 0 0 BRIAN DORCY CEO 40.00 X 397155 0 41376 DEBORAH SUNDERMAN EXECUTIVE VP 40.00 X 281755 0 47095 MONAKA JACKSON SR. MORTGAGE LOAN ORIGINATOR 40.00 X 291656 0 16511 KEVIN ALSUP SVP, TECHNOLOGY SOLUTIONS 40.00 X 224612 0 20750 JACKIE HOWARD VP, LENDING 40.00 X 209203 0 32825 RICHARD WALTER SVP, RETAIL EXPERIENCE 40.00 X 198102 0 11290 HECTOR ESPINOZA VP, RISK MANAGEMENT 40.00 X 170075 0 15037 1772558 0 184884 24 0 1 0 NCR CORPORATION 14181 COLLECTIONS CENTER DR CHICAGO IL 60693 ONLINE BANKING SERVICES 1102024 TICO CONSTRUCTION COMPANY INC 1585 TERMINAL AVE SAN JOSE CA 95112 COMMERCIAL GENERAL CONTRACTORS 1023868 CU COOPERATIVE SYSTEMS INC 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 PAYMENTS AND FINANCIAL TECHNOLOGY 699506 PSCU FINANCIAL SERVICES INC 560 CARILLON PARKWAY ST PETERSBURG FL 33716 FINTECH SOLUTIONS 515634 SKYLINE ADVANCED TECHNOLOGY SERVICES 492 DIVISION STREET CAMPBELL CA 95008 IT EDUCATION AND CONSULTING 489312 29 INTEREST ON LOANS 522100 19683140 19683140 OTHER OPERATING INCOME 522100 7457428 7369499 87929 FEE INCOME 522100 3031016 3003280 27736 30171584 2292589 2292589 OTHER NON-OPERATING INCOME 522100 82167 82167 82167 32546340 32430675 115665 0 204375 1772556 7957089 351718 848643 348107 118247 187816 917011 1252143 2843321 2345793 1052553 161857 2689286 1411569 65741 PROV FOR LOAN LOSSES 2196567 LOAN SERVICING 1326837 UNREALIZED LOSS ON INVE 632369 MISC. OPERATING EXPENSE 147833 83796 28915227 5785818 5171028 59423624 11589930 1117506 898379 3100194 3782903 30891955 11323147 18852143 19568808 146813103 124464413 419976929 539799805 4636 4635 11041547 15220955 666115500 720500856 2487999 4155721 612839092 674846885 615327091 679002606 X 0 0 0 0 50788409 41498250 50788409 41498250 666115500 720500856 3631113 -12921272 0 X X 0 1 X 1 0 3000 3000 3000 1 CCUL-PAC 2855 E GUASTI ROAD STE 202 ONTARIO CA 91761 940357265 3000 PART I-A, LINE 1: CONTRIBUTION TO CALIFORNIA CREDIT UNION LEAGUE TO PROMOTE TRADE INFORMATION PERTAINING TO CREDIT UNIONS. 5343248 5343248 15336498 4979291 10357207 157605 98865 58740 10054604 6244991 3809613 19568808 ALL OTHER INVESTMENTS 2800400 F NET LOANS & LEASES 531278511 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 5714662 C PAID IN CAPITAL AT CORP 6232 C 539799805 TOTAL SHARES & DEPOSITS 592596885 BORROWINGS 82250000 674846885 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 CONSOLIDATED 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 MEEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND CURRENT TAX LIABILITY IN THE CURRENT YEAR. FOR THE YEAR ENDED JUNE 30, 2022 AND 2021, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS, AND ACCORDINGLY HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. 1 EXCITE FOUNDATION 265 CURTNER AVE SAN JOSE CA 95125 854059911 501(C)(3) 48000 0 FMV TO RAISE FUNDS THAT SUPPORT CHARITABLE ORGANIZATIONS THAT BENEFIT COMMUNITIES SERVED BY EXCITE CREDIT UNION CHRISTMAS IN THE PARK 171 BRANHAM LANE SUITE 10-234 SAN JOSE CA 95136 770046955 501(C)(3) 20000 0 FMV TO EXPAND, DEVELOP, PROMOTE AND ENCOURAGE COMMUNITY PARTICIPATION IN THE CHRISTMAS IN THE PARK DISPLAYS IN SAN JOSE. BILL WILSON CENTER 3490 THE ALAMEDA SANTA CLARA CA 95050 942221849 501(C)(3) 20000 0 FMV TO SUPPORT THE COMMUNIY BY SERVING YOUTH AND FAMILIES THROUGH COUNSELING, HOUSING, EDUCATION, AND ADVOCACY LATINO BUSINESS FOUNDATION SILICON VALLEY VALLEY 1652 ALUM ROCK AVE C SAN JOSE CA 95113 843419477 501(C)(3) 10000 0 FMV TO BECOME SILICON VALLEY'S ""GO TO PLACE"" FOR SMALL AND MICRO BUSINESS' NEEDS AND RESOURCES. AND TO BUILD THE TOOLS NECESSARY FOR MINORITY ENTREPRENEURS ESPECIALLY THOSE IN LOW INCOME NEIGHBORHOODS TO PROSPER AND GROW, CREATING A THRIVING COMMUNITY. PIVOTAL CONNECTIONS 75 E SANTA CLARA STREET SUITE 1450 SAN JOSE CA 95113 770166138 501(C)(3) 10000 0 FMV TO HELP YOUNG PEOPLE IN AND FROM FOSTER CARE REALIZE THEIR EDUCATIONAL AND CAREER GOALS BY ENSURING EQUITABLE ACCESS TO OPPORTUNITY. SUNDAY FRIENDS FOUNDATION 645 WOOL CREEK DR 2ND FLOOR STE A SAN JOSE CA 95112 770518937 501(C)(3) 7500 0 FMV TO BREAK THE GENERATIONAL CYCLE OF POVERTY BY FOSTERING POSITIVE DEVELOPMENT IN CHILDREN WHILE EDUCATING AND GUIDING PARENTS TO SUPPORT THEIR CHILDREN'S LIFE SUCCESS. EAST SIDE UNION HIGH SCHOOL DISTRICT 625 EDUCATIONAL PARK DRIVE SAN JOSE CA 95133 264148665 501(C)(3) 5975 0 FMV TO EDUCATE STUDENTS AND PREPARE THEM FOR THE FUTURE IN A SAFE AND ENGAGING ENVIRONMENT. 7 7 X X 0 1 0 BRIAN DORCY CEO 393591 0 0 0 3564 0 17406 0 23970 0 438531 0 0 0 DEBORAH SUNDERMAN EXECUTIVE VP 265041 0 16174 0 540 0 13651 0 33444 0 328850 0 0 0 MONAKA JACKSON SR. MORTGAGE LOAN ORIGINATOR 85353 0 206204 0 99 0 5388 0 11123 0 308167 0 0 0 KEVIN ALSUP SVP, TECHNOLOGY SOLUTIONS 210690 0 12851 0 1071 0 8693 0 12057 0 245362 0 0 0 JACKIE HOWARD VP, LENDING 195956 0 12204 0 1043 0 8800 0 24025 0 242028 0 0 0 RICHARD WALTER SVP, RETAIL EXPERIENCE 181567 0 16174 0 361 0 9300 0 1990 0 209392 0 0 0 HECTOR ESPINOZA VP, RISK MANAGEMENT 160194 0 9535 0 346 0 3443 0 11594 0 185112 0 0 0 PART I, LINE 4B THE CREDIT UNION HAS AN ELIGIBLE, NONQUALIFIED DEFERRED COMPENSATION PLAN FOR CERTAIN EXECUTIVES UNDER IRC SECTION 457(B). BRIAN J DORCY OFFICER VISA X 20500 3750 0 0 1 DEBORAH L SUNDERMAN KEY EMPLOYEE VISA X 30000 9907 0 0 1 DEBORAH L SUNDERMAN KEY EMPLOYEE HELOC X 150000 35599 0 0 1 DEBORAH L SUNDERMAN KEY EMPLOYEE MORTGAGE X 700000 657760 0 0 1 RICHARD A WALTER HCE VISA X 15500 216 0 0 1 DEEPJA M BANSAL SUPV CMTE MEMBER VISA X 20000 2 0 0 1 JACLYN W HOWARD HCE VISA X 20000 19521 0 0 1 KEVIN ALSUP HCE HELOC X 250000 170050 0 0 1 MARK A HANSON BOARD MEMBER VISA X 30000 1574 0 0 1 898379 FORM 990, PART VI, SECTION A, LINE 6 EXCITE 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. THE CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF EXCITE 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 PRIOR TO FILING, THE RETURN IS REVIEWED BY THE VP OF FINANCE AND THEN MADE AVAILABLE TO THE BOARD MEMBERS FOR REVIEW. AFTER THEIR REVIEW, BOARD MEMBERS ARE GIVEN THE OPPORTUNITY TO MAKE COMMENTS OR REVISIONS. FORM 990, PART VI, SECTION B, LINE 15 A SALARY ANALYSIS IS PERFORMED FOR THE CEO, OFFICERS AND OTHER SENIOR MANAGEMENT OF THE CREDIT UNION BY AN INDEPENDENT OUTSIDE SERVICE USING DATA FROM SEVERAL SALARY SURVEYS PERFORMED FOR BANK AND CREDIT UNION PROFESSIONAL ASSOCIATIONS AND BY OTHER NATIONAL COMPENSATION ANALYSIS SERVICES. BASED ON THE DATA THEY COMPILE FROM THESE SOURCES, THEY MAKE RECOMMENDATIONS FOR THE SALARY RANGE FOR EACH POSITION PROVIDING THE DATA USED TO MAKE THEIR DETERMINATION. THE BOARD OF DIRECTORS REVIEWS THIS INFORMATION FOR THE CEO BEFORE MAKING A FINAL SALARY DECISION WHICH IS DOCUMENTED IN THE MINUTES OF THEIR MEETING. FOR OTHER OFFICERS AND SENIOR MANAGEMENT, THE INFORMATION IS REVIEWED BY THE CEO AND THE V.P. OF HUMAN RESOURCES BEFORE FINALIZING RANGES, AND COPIES OF THE SURVEY DATA ARE KEPT IN THE FILES OF THE HUMAN RESOURCES DEPARTMENT. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF BOARD OF DIRECTOR DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR ITS SELECTION PROCESS DURING THE TAX YEAR. EXCITE FOUNDATION 265 CURTNER AVENUE SAN JOSE CA 95125 854059911 CHARITABLE ORGANIZATION CA 501(C)(3) LINE 7 EXCITE CREDIT UNION(FKA ALLIANCE CREDIT UNION) 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 EXCITE FOUNDATION B 48000