2024-11-12T15:18:48-06:00 2023-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2023-01-01 941243656 EXCITE CREDIT UNION (FKA ALLIANCE CREDIT UNION) EXCI 4082657322 151 BERNAL ROAD SAN JOSE CA 95119 BRIAN DORCY PRESIDENT/CEO 4082657322 2024-11-11 1 1 VALENTINO CREUS CPA P01054153 8189549700 2023 2024-10-15 13:58:12Z BRIAN DORCY 151 BERNAL ROAD SAN JOSE CA 95119 40865548 0 X WWW.EXCITECU.ORG X CREDIT UNION 1952 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 8 8 160 13 119549 0 0 0 30171584 33004898 2292589 3711810 82167 4148840 32546340 40865548 204375 390510 0 0 11278113 12858801 0 0 0 17432739 25240381 28915227 38489692 3631113 2375856 720500856 702664031 679002606 658224767 41498250 44439264 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 20139 0 1 160 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 0 0 1 1 1 1 0 CA X X BRIAN DORCY PRESIDENTCEO 4089795150 151 BERNAL ROAD SAN JOSE CA 95119 DONNA RHODY CHAIRPERSON 1.00 X 0 0 0 ALAN HANSEN VICE CHAIRPERSON 1.00 X 0 0 0 RALPH FINELLI BOARD SECRETARY 1.00 X 0 0 0 SURYA TURAGA BOARD TREASURER 1.00 X 0 0 0 BARBARA ALUMBAUGH BOARD MEMBER 1.00 X 0 0 0 CHRIS 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 DEVIN MCALPINE SUPV CMTE CHAIRPERSON 1.00 X 0 0 0 MIKE UHRI SUPV CMTE SECRETARY 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 KIM CAMPBELL SUPV CMTE MEMBER 1.00 X 0 0 0 BRIAN DORCY PRESIDENT/CEO 40.00 X 539320 0 51687 DEBORAH SUNDERMAN EXECUTIVE VP 40.00 X 321083 0 54229 RICHARD WALTER SVP, RETAIL EXPERIENCE 40.00 X 235313 0 13848 JACKIE HOWARD VP, LENDING 40.00 X 234861 0 43983 KELLY BURKE VP, OPERATIONS 40.00 X 221850 0 26727 HECTOR ESPINOZA VP, RISK MANAGEMENT 40.00 X 191533 0 17268 TIM FURLONG VP, FINANCE 40.00 X 173856 0 52506 1917816 0 260248 32 0 1 0 GUMAS ADVERTISING LLC 785 WATSON CANYON CT 150 SAN RAMON CA 94582 ADVERTISING 1131280 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 900740641 ONLINE BANKING SERVICES 1009043 CU COOPERATIVE SYSTEMS INC 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 PAYMENTS AND FINANCIAL TECHNOLOGY 888291 VISA USA INC PO BOX 60510 CITY OF INDUSTRY CA 917160510 DIGITAL PAYMENTS 650465 FISERV PO BOX 208457 DALLAS TX 753208457 FINANCIAL SERVICES TECHNOLOGY 623316 30 INTEREST ON LOANS 522100 25616913 25616913 OTHER OPERATING INCOME 522100 4242369 4158362 84007 FEE INCOME 522100 3145616 3110074 35542 33004898 3711810 3711810 OTHER NON-OPERATING INCOME 522100 4148840 4148840 4148840 40865548 40745999 119549 0 390510 1917816 8318976 492370 1308888 820751 76788 110704 1184654 1336291 2883338 2633415 1147711 224633 8416188 1452587 47602 CREDIT LOSS EXPENSE 3145396 LOAN SERVICING 1641190 MISC. OPERATING EXPENSE 765682 OPERATING FEES 87623 86579 38489692 5171028 6309683 11589930 19311624 898379 3681161 3782903 6400639 32453504 12436301 19568808 20017203 124464413 109978147 539799805 521907556 4635 4635 15220955 15053383 720500856 702664031 4155721 6821253 674846885 651403514 679002606 658224767 X 0 0 0 0 41498250 44439264 41498250 44439264 720500856 702664031 X 2375856 1592158 -1027000 X X 0 1 X 1 0 1500 1500 1500 1 CCUL-PAC 2855 E GUASTI ROAD STE 202 ONTARIO CA 91761 940357265 1500 PART I-A, LINE 1: CONTRIBUTION TO CALIFORNIA CREDIT UNION LEAGUE TO PROMOTE TRADE INFORMATION PERTAINING TO CREDIT UNIONS. 5343248 5343248 15964672 5418272 10546400 419605 123483 296122 10725979 6894546 3831433 20017203 ALL OTHER INVESTMENTS 3336300 F NET LOANS & LEASES 513041975 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 5523049 C PAID IN CAPITAL AT CORP 6232 C 521907556 TOTAL SHARES & DEPOSITS 571528514 BORROWINGS 79875000 651403514 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 MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND CURRENT TAX LIABILITY IN THE CURRENT YEAR. FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, 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 SCHOOL OF ARTS AND CULTURE AT MHP 1700 ALUM ROCK AVE SAN JOSE CA 95116 800714882 501(C)(3) 107500 0 FMV TO ASSIST THE SCHOOL IN PROMOTING CREATIVITY IN THE COMMMUNITY. SOMOS MAYFAIR 1695 ALUM ROCK AVE SAN JOSE CA 95116 770499813 501(C)(3) 45100 0 FMV TO ASSIST FAMILIES IN THE COMMUNITY FIGHT SYSTEMIC INEQUITIES. EXCITE FOUNDATION 265 CURTNER AVE SAN JOSE CA 95125 854059911 501(C)(3) 40221 0 FMV TO RAISE FUNDS THAT SUPPORT CHARITABLE ORGANIZATIONS THAT BENEFIT COMMUNITIES SERVED BY EXCITE CREDIT UNION. EAST SIDE UNION HIGH SCHOOL DISTRICT 625 EDUCATIONAL PARK DRIVE SAN JOSE CA 95133 264148665 501(C)(3) 27310 0 FMV TO EDUCATE STUDENTS AND PREPARE THEM FOR THE FUTURE IN A SAFE AND ENGAGING ENVIRONMENT. WEST CONTRA COSTA PUBLIC EDUCATION FUND 1400 MARINA WAY S RICHMOND CA 94804 680005307 501(C)(3) 11500 0 FMV TO HELP STUDENTS SUCEED IN COLLEGE, CAREER AND LIFE. BILL WILSON CENTER 3490 THE ALAMEDA SANTA CLARA CA 95050 942221849 501(C)(3) 10000 0 FMV TO SUPPORT THE COMMUNIY BY SERVING YOUTH AND FAMILIES THROUGH COUNSELING, HOUSING, EDUCATION, AND ADVOCACY. LATINO BUSINESS FOUNDATION SILICON VALLEY 1695 ALUM ROCK AVE STE 50B SAN JOSE CA 95116 843419477 501(C)(3) 10000 0 FMV TO ASSIST IN BUILDING THE TOOLS NECESSARY FOR MINORITY ENTREPRENEURS ESPECIALLY THOSE IN LOW INCOME NEIGHBORHOODS TO PROSPER AND GROW, CREATING A THRIVING COMMUNITY. PIVOTAL CONNECTIONS PO BOX 5040 SAN JOSE CA 95150 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) 9500 0 FMV TO ASSIST IN BREAKING THE GENERATIONAL CYCLE OF POVERTY BY FOSTERING POSITIVE DEVELOPMENT IN CHILDREN WHILE EDUCATING AND GUIDING PARENTS TO SUPPORT THEIR CHILDREN'S LIFE SUCCESS. COMITE DE FIESTA PATRIAS 1652 ALUM ROCK AVE C SAN JOSE CA 95116 883214685 501(C)(3) 8000 0 FMV TO CONNECT PEOPLE IN THE SAN JOSE COMMUNITY THROUGH FOOD AND FARMING. VEGGIELUTION 647 S KING ROAD SAN JOSE CA 95116 272021333 501(C)(3) 6000 0 FMV TO CONNECT PEOPLE ON THE SAN JOSE COMMUNITY THROUGH FOOD AND FARMING. 11 0 X X 0 1 0 BRIAN DORCY PRESIDENT/CEO 435756 0 100000 0 3564 0 25447 0 26240 0 591007 0 0 0 DEBORAH SUNDERMAN EXECUTIVE VP 285284 0 35259 0 540 0 17657 0 36572 0 375312 0 0 0 RICHARD WALTER SVP, RETAIL EXPERIENCE 209934 0 24960 0 419 0 9313 0 4535 0 249161 0 0 0 JACKIE HOWARD VP, LENDING 206915 0 25872 0 2074 0 14608 0 29375 0 278844 0 0 0 KELLY BURKE VP, OPERATIONS 203173 0 17794 0 883 0 13062 0 13665 0 248577 0 0 0 HECTOR ESPINOZA VP, RISK MANAGEMENT 169755 0 21404 0 374 0 3848 0 13420 0 208801 0 0 0 TIM FURLONG VP, FINANCE 152294 0 20734 0 828 0 11165 0 41341 0 226362 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). DEBORAH SUNDERMAN KEY EMPLOYEE VISA X 30000 12666 0 0 1 DEBORAH SUNDERMAN KEY EMPLOYEE HELOC X 150000 39205 0 0 1 DEBORAH SUNDERMAN KEY EMPLOYEE MORTGAGE X 700000 639679 0 0 1 JACKIE HOWARD HCE VISA X 22500 17880 0 0 1 JACKIE HOWARD HCE AUTO X 50400 20182 0 0 1 JACKIE HOWARD HCE AUTO X 61400 24451 0 0 1 JACKIE HOWARD HCE LINE OF CREDIT X 20000 19080 0 0 1 JACKIE HOWARD HCE SECURED LOAN X 29100 14577 0 0 1 RICHARD WALTER HCE HELOC X 153000 153000 0 0 1 RICHARD WALTER HCE MORTGAGE X 800000 777084 0 0 1 KELLY BURKE HCE MORTGAGE X 400000 314150 0 0 1 KELLY BURKE HCE HELOC X 100000 52397 0 0 1 HECTOR ESPINOZA HCE AUTO X 39912 21290 0 0 1 TIM FURLONG HCE X 1720000 1575520 0 0 1 3681161 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 VI LINE 1A AND 1B: THE CREDIT UNION HAS A VACANT SEAT ON THE BOARD OF DIRECTORS. FORM 990, PART XI, LINE 9: CECL TRANSITIONAL AMOUNT (AS DETERMINED UNDER 702.703(B)) -1,027,000. 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 40221 FMV