Civic Intelligence

Premier Community Credit Union

990 • Fiscal year 2013 • EIN 94-1215832

Jan 01, 2013 to Dec 31, 2013 • Filed on Oct 31, 2014

Organization ProfileWWW.PREMIERCCU.ORG

View Organization Page

3255 West Benjamin Holt Drive95219

(209) 954-4324

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

65th percentile

0.91x

Higher debt load relative to assets than 65% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Liabilities / Revenue

66th percentile

19.93x

Higher debt load relative to revenue than 66% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Net Margin

64th percentile

14%

Higher net margin than 64% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Top Officer Pay

50th percentile

$189,326

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Asset Growth

50th percentile

2.6%

Faster asset growth than 50% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$126,973,647

Up $3,232,303 (+2.6%) from 2012

Net Assets

Down

$11,718,884

Down $123,768 (-1.0%) from 2012

Liabilities

Up

$115,254,763

Up $3,356,071 (+3.0%) from 2012

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin64th percentile

Revenue

$5,784,052

No earlier filing loaded for comparison.

Expenses

Down

$4,994,800

Down $206,504 (-4.0%) from 2012

Net Income

$789,252

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2011: $117,806,916Liabilities 2011: $106,362,514Net Assets 2011: $11,444,4022011Assets 2012: $123,741,344Liabilities 2012: $111,898,692Net Assets 2012: $11,842,6522012Assets 2013: $126,973,647Liabilities 2013: $115,254,763Net Assets 2013: $11,718,8842013Assets 2014: $129,115,153Liabilities 2014: $116,033,712Net Assets 2014: $13,081,4412014Assets 2015: $133,023,295Liabilities 2015: $119,845,853Net Assets 2015: $13,177,4422015Assets 2016: $139,659,560Liabilities 2016: $126,675,460Net Assets 2016: $12,984,1002016Assets 2017: $145,199,494Liabilities 2017: $131,796,914Net Assets 2017: $13,402,5802017Assets 2018: $150,488,766Liabilities 2018: $136,842,279Net Assets 2018: $13,646,4872018Assets 2019: $154,951,140Liabilities 2019: $138,645,103Net Assets 2019: $16,306,0372019Assets 2020: $183,092,211Liabilities 2020: $166,666,674Net Assets 2020: $16,425,5372020Assets 2021: $207,588,741Liabilities 2021: $193,439,696Net Assets 2021: $14,149,0452021

Highlighted filing

2013

Assets$126,973,647
Liabilities$115,254,763
Net Assets$11,718,884
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $5,435,6362011Expenses 2012: $5,201,3042012Revenue 2013: $5,784,052Expenses 2013: $4,994,800Net Income 2013: $789,2522013Revenue 2014: $5,418,948Expenses 2014: $4,868,034Net Income 2014: $550,9142014Revenue 2015: $5,553,880Expenses 2015: $5,358,669Net Income 2015: $195,2112015Revenue 2016: $6,061,801Expenses 2016: $5,697,741Net Income 2016: $364,0602016Revenue 2017: $6,269,467Expenses 2017: $5,633,725Net Income 2017: $635,7422017Revenue 2018: $6,791,245Expenses 2018: $6,168,985Net Income 2018: $622,2602018Revenue 2019: $7,217,207Expenses 2019: $6,343,971Net Income 2019: $873,2362019Revenue 2020: $6,033,985Expenses 2020: $5,892,483Net Income 2020: $141,5022020Revenue 2021: $5,748,191Expenses 2021: $5,790,640Net Income 2021: -$42,4492021

Highlighted filing

2013

Revenue$5,784,052
Expenses$4,994,800
Net Income$789,252
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Oct 31, 2014
Return Version
2013v3.0
Gross Receipts
$6,305,823
Mission and Program Overview

Mission

Premier community 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, premier community credit union conducts its business for the mutual benefit and general welfare of its members with the earning, savings, benefits, or services of the credit being distributed to its members as patrons.

A cooperative, organized for the purpose of promoting thrift and savings among its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$67,309,057$71,583,802▲ $4,274,745
Investments in Publicly Traded Securities$32,863,934$37,092,981▲ $4,229,047
Rtn Earn Endowment Incm Other Fnds$11,842,652$11,718,884▼ $123,768
Savings and Temporary Cash Investments$11,622,395$9,472,815▼ $2,149,580
Land, Buildings, and Equipment, Net$3,533,669$3,876,706▲ $343,037
Cash and Non-Interest-Bearing Accounts$860,375$1,016,693▲ $156,318
Prepaid Expenses and Deferred Charges$177,884$258,719▲ $80,835
Receivables From Officers Etc$125,131$119,838▼ $5,293
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$123,741,344$126,973,647▲ $3,232,303
Other Assets Total$7,248,899$3,552,093▼ $3,696,806
Liabilities
Other Liabilities$110,976,016$114,387,315▲ $3,411,299
Accounts Payable and Accrued Expenses$922,676$867,448▼ $55,228
Total Liabilities$111,898,692$115,254,763▲ $3,356,071
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,842,652$11,718,884▼ $123,768
Total Liabilities and Net Assets / Fund Balance$123,741,344$126,973,647▲ $3,232,303

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,285,191$1,569,916$3,855,107
Equipment$412,347$1,440,800$1,853,147
Land$1,010,000-$1,010,000
Leasehold Improvements$169,168$90,858$260,026
Investment Program Related Org$2,789,549--
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paul YangManager / CEOFT$169,791$19,535$189,326
Russel HagenVP FinanceFT$95,873$18,807$114,680

Board Members and Trustees

NameTitle
Linda MoraChairperson
Doug MccreathSupv Cmte Chairperson
Norma HuntVice Chairperson
Hank KlorBoard Secretary / Treasurer
Allan PattersonDirector
Brett TholbornDirector
Donald KnudsenDirector
Ellen WehrsSupv Cmte Member
Jaccene LongacreSupv Cmte Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,618,689
Investment Income
$888,011
Other Revenue
$277,352
Change in Net Assets
$789,252
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,657,729
Salaries, Compensation, and Employee Benefits$2,329,921
Grants and Similar Amounts Paid$7,150
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,511,361
Fees for Services Other---$635,014
Interest---$393,495
Other Employee Benefits---$373,424
Office Expenses---$289,782
Current Officers, Directors, Trustees, and Key Employees---$265,664
Information Technology---$240,223
Depreciation Depletion---$229,622
Occupancy---$200,942
Payroll Taxes---$147,904
Insurance---$91,320
Advertising---$64,496
Fees for Services Accounting---$52,108
Fees for Services Legal---$47,444
Travel---$34,283
Pension Plan Contributions---$31,568
Other Expenses---$14,205
Grants to Domestic Orgs---$7,150
Total Functional Expenses$0$0$0$4,994,800
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
68-0006282-501(c)(3)To Support School Districts Throughout the County$7,150
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$125,131$119,838▼ $5,293
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Total Shares and Deposits$114,387,315
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Premier 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. Premier community credit union does not have stockholders.”

Form 990, Part VI, Section A, Line 7A

“The governing board of premier 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”

Form 990, Part VI, Section B, Line 11

“The board reviews the form 990 during the board meeting and provides comments and modifications where necessary prior to final completion and filing.”

Form 990, Part VI, Section B, Line 12C

“Statements made are reviewed annually. Vendors are carefully selected so as to avoid any conflicts of interest.”

Form 990, Part VI, Section B, Line 15A

“Ceo compensation is determined by the board of directors. Compensation for vice-presidents are determined by industry-wide pay scales and job evaluation criteria which is reviewed by the ceo. In 2009 a new ceo was hired and the board of directors utilized a third party consultant for negotiating wages and benefits. The pay scales for all other employees utilize information made available through industry trade organizations.”

Form 990, Part VI, Section C, Line 19

“The board minutes and policies are available to the public by request. The financial statements are posted monthly on the internet and also made available at member request.”

Filing and Contact Details

Filer

EIN
94-1215832
Phone
2099544324

Signing Officer

Name
Russel Hagen
Title
Interim CEO
Phone
2099544324
Signed
2014-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Russel Hagen
Formed
1931
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
61
Volunteers
9

Preparer

Preparer
Valentino Creus CPA
Phone
8189549700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees 635,014.”

FORM 990, PART XI, LINE 9:

“Adjustment to other reserves 2,490.”

FORM 990, PART XII, LINE 2C:

“The organization has not changed either its oversight process or selection process during the tax year.”

Financial Statement Notes

PART X, LINE 2:

“Certain product and services provided by select state chartered credit unions have been deemed by the internal revenue service (irs), in technical advice memorandums (tams) released in 2007, to be unrelated to the specific entity's exempt purpose. As presented in the technical advice memorandums, the net taxable income from these products and services would be subject to income taxes. Credit unions have litigated against the irs positions noted in the tams and have been successful in having courts declare in 2009 and 2010 that revenue from insurance products sold to members, helping them protect their financial wellbeing, qualifies as exempt purpose income, contrary to the irs position in the tams. The taxing authorities have the ability to assess taxes, penalties and interest for any years for which no tax return was filed. In the opinion of management, any liability resulting from taxing authorities imposing income taxes on the net taxable income from activities potentially deemed to be unrelated to the credit union's exempt purpose is not expected to have a material effect on the credit union's financial position or results of operations. The credit union evaluated its tax positions and determined no uncertain tax positions exist as of march 31, 2014 and 2013.”

Raw XML AppendixShowing 400 of 465 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0PREMIER COMMUNITY CREDIT UNION PROVIDES LOAN PRODUCTS TO OUR MEMBERS AT VERY COMPETITIVE RATES. FOR THE YEAR ENDED 12/31/13, THE TOTAL LOANS GRANTED TO OUR MEMBERS WAS $20,219,791. PREMIER COMMUNITY CREDIT UNION ONLY MAKES LOAN TO ITS MEMBERS THAT RESIDE OR WORK IN SAN JOAQUIN COUNTY. UNLIKE MULTI-NATIONAL CONGLOMERATES, OUR LOANS ARE MADE TO THE MEMBERS OF OUR LOCAL COMMUNITIES. THE CREDIT UNION USES A CONSERVATIVE APPROACH TO LENDING, AND HAS NEVER SOLD A SUBPRIME LOAN PRODUCT TO ITS MEMBERSHIP. THE CREDIT UNION KEEPS AND SERVICES THE LOANS IT MAKES TO OUR MEMBERS, SO THE SUCCESS OF OUR ORGANIZATION IS DETERMINED BY MAKING GOOD LOANS TO OUR MEMBERS THAT THEY CAN AFFORD.
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IRS990/MissionDesc0PREMIER COMMUNITY 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, PREMIER COMMUNITY CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNING, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt011842652
IRS990/NetAssetsOrFundBalancesEOYAmt011718884
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0291304
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0291304
IRS990/NetUnrelatedBusTxblIncmAmt0-196
IRS990/NetUnrlzdGainsLossesInvstAmt0-915510
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0200942
IRS990/OfficeExpensesGrp/TotalAmt0289782
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07248899
IRS990/OtherAssetsTotalGrp/EOYAmt03552093
IRS990/OtherChangesInNetAssetsAmt02490
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0373424
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING
IRS990/OtherExpensesGrp/Desc1MISC. OPERATING EXPENSE
IRS990/OtherExpensesGrp/Desc2OTHER NON-OPERATING EXP
IRS990/OtherExpensesGrp/Desc3OPERATING FEES
IRS990/OtherExpensesGrp/TotalAmt0234690
IRS990/OtherExpensesGrp/TotalAmt174752
IRS990/OtherExpensesGrp/TotalAmt255353
IRS990/OtherExpensesGrp/TotalAmt314205
IRS990/OtherLiabilitiesGrp/BOYAmt0110976016
IRS990/OtherLiabilitiesGrp/EOYAmt0114387315
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0PROVISION FOR LOAN AND
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0277352
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0277352
IRS990/OtherRevenueTotalAmt0277352
IRS990/OtherSalariesAndWagesGrp/TotalAmt01511361
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0147904
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt031568
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0177884
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0258719
IRS990/PrincipalOfficerNm0RUSSEL HAGEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2OTHER OPERATING INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02689805
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11572621
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2334105
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02689805
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11594779
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2334105
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt022158
IRS990/ProgSrvcAccomActy2Grp/Desc0PREMIER COMMUNITY CREDIT UNION ALSO PROVIDES SAVINGS PRODUCTS TO OUR MEMBERS. LIKE MANY CREDIT UNIONS ACROSS THE NATION, PREMIER COMMUNITY CREDIT UNION HAS OFFERED NEARLY FREE CHECKING ACCOUNTS TO OUR MEMBERS FOR MANY YEARS, SAVING WELL OVER $100.00 PER CHECKING ACCOUNT JUST ON MONTHLY MAINTENANCE FEES ALONE. OUR SCHEDULE OF FEES IS GENERALLY LESS EXPENSIVE THAN MANY OTHER COMPETING INSTITUTIONS WHICH BENEFITS OUR MEMBERSHIP AND PROMOTES THRIFT.
IRS990/ProgSrvcAccomActy3Grp/Desc0PREMIER COMMUNITY CREDIT UNION ALSO PROVIDES OPPORTUNITIES FOR ITS MEMBERS TO UTILIZE CONVENIENT ELECTRONIC SERVICES. THE CREDIT UNION PROCESSES VISA DEBIT AND VISA CREDIT CARD TRANSACTIONS, AUDIO RESPONSE, HOME-BANKING AND BILL-PAYER TRANSACTIONS. THE CREDIT UNION ALSO SUPPORTS POINT OF SALE ELECTRONIC TRANSACTIONS AND OWNS ATM MACHINES TO MAKE IT EASIER FOR MEMBERS TO HAVE ACCESS TO THEIR ACCOUNTS ON A 24/7 BASIS. THE CREDIT UNION BELONGS TO A SURCHARGE FREE CREDIT UNION OWNED ATM NETWORK SO THAT MEMBERS CAN USE ANOTHER CREDIT UNION'S ATM MACHINE WITHOUT PAYING A SURCHARGE. THE CREDIT UNION ALSO PARTICIPATES IN A SHARED BRANCHING ARRANGEMENT TO MAKE BANKING EVEN MORE CONVENIENT FOR OUR MEMBERS SO THAT THEY CAN PERFORM NORMAL BANKING TRANSACTIONS FROM ANY CREDIT UNION WITHIN THE NETWORK.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt011730
IRS990/PYInvestmentIncomeAmt0816502
IRS990/PYOtherExpensesAmt03203471
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt04902676
IRS990/PYRevenuesLessExpensesAmt0517874
IRS990/PYSalariesCompEmpBnftPaidAmt01986103
IRS990/PYTotalExpensesAmt05201304
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05719178
IRS990/QuidProQuoContributionsInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0125131
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0119838
IRS990/ReconcilationRevenueExpnssAmt0789252
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt011842652
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt011718884
IRS990/SavingsAndTempCashInvstGrp/BOYAmt011622395
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09472815
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02285191
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01569916
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03855107
IRS990ScheduleD/EquipmentGrp/BookValueAmt0412347
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01440800
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01853147
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt021048198
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1398000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt245948453
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt31136140
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4263462
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt52789549
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0DEPOSITS IN COMMERCIAL BANKS, S&LS, SAVINGS BANKS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1LOANS TO AND INVESTMENTS IN NATURAL PERSON CUS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2LOANS AND LEASES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4PAID IN CAPITAL IN CORP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5ALL OTHER INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5F
IRS990ScheduleD/LandGrp/BookValueAmt01010000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01010000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0169168
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt090858
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0260026
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0114387315
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TOTAL SHARES AND DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CERTAIN PRODUCT AND SERVICES PROVIDED BY SELECT STATE CHARTERED CREDIT UNIONS HAVE BEEN DEEMED BY THE INTERNAL REVENUE SERVICE (IRS), IN TECHNICAL ADVICE MEMORANDUMS (TAMS) RELEASED IN 2007, TO BE UNRELATED TO THE SPECIFIC ENTITY'S EXEMPT PURPOSE. AS PRESENTED IN THE TECHNICAL ADVICE MEMORANDUMS, THE NET TAXABLE INCOME FROM THESE PRODUCTS AND SERVICES WOULD BE SUBJECT TO INCOME TAXES. CREDIT UNIONS HAVE LITIGATED AGAINST THE IRS POSITIONS NOTED IN THE TAMS AND HAVE BEEN SUCCESSFUL IN HAVING COURTS DECLARE IN 2009 AND 2010 THAT REVENUE FROM INSURANCE PRODUCTS SOLD TO MEMBERS, HELPING THEM PROTECT THEIR FINANCIAL WELLBEING, QUALIFIES AS EXEMPT PURPOSE INCOME, CONTRARY TO THE IRS POSITION IN THE TAMS. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF MARCH 31, 2014 AND 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03876706
IRS990ScheduleD/TotalBookValueProgramRltdAmt071583802
IRS990ScheduleD/TotalLiabilityAmt0114387315
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt07150
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT SCHOOL DISTRICTS THROUGHOUT THE COUNTY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10SAN JOAQUIN COUNTY OFFICE OF EDUCATION
IRS990ScheduleI/RecipientTable/RecipientEIN0680006282
IRS990ScheduleI/RecipientTable/USAddress/AddressLine102901 ARCH AIRPORT RD
IRS990ScheduleI/RecipientTable/USAddress/City0STOCKTON
IRS990ScheduleI/RecipientTable/USAddress/State0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode095206
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0169791
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt012735
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PAUL YANG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0MANAGER / CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0189326
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0119838
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0REAL ESTATE LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0176000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0RUSSEL HAGEN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt0119838
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PREMIER 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. PREMIER COMMUNITY CREDIT UNION DOES NOT HAVE STOCKHOLDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BOARD OF PREMIER 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AT 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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD REVIEWS THE FORM 990 DURING THE BOARD MEETING AND PROVIDES COMMENTS AND MODIFICATIONS WHERE NECESSARY PRIOR TO FINAL COMPLETION AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4STATEMENTS MADE ARE REVIEWED ANNUALLY. VENDORS ARE CAREFULLY SELECTED SO AS TO AVOID ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. COMPENSATION FOR VICE-PRESIDENTS ARE DETERMINED BY INDUSTRY-WIDE PAY SCALES AND JOB EVALUATION CRITERIA WHICH IS REVIEWED BY THE CEO. IN 2009 A NEW CEO WAS HIRED AND THE BOARD OF DIRECTORS UTILIZED A THIRD PARTY CONSULTANT FOR NEGOTIATING WAGES AND BENEFITS. THE PAY SCALES FOR ALL OTHER EMPLOYEES UTILIZE INFORMATION MADE AVAILABLE THROUGH INDUSTRY TRADE ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD MINUTES AND POLICIES ARE AVAILABLE TO THE PUBLIC BY REQUEST. THE FINANCIAL STATEMENTS ARE POSTED MONTHLY ON THE INTERNET AND ALSO MADE AVAILABLE AT MEMBER REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OTHER PROFESSIONAL FEES 635,014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ADJUSTMENT TO OTHER RESERVES 2,490.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$126,973,647
Liabilities
$115,254,763
Net assets
$11,718,884
Revenue
$5,784,052
Expenses
$4,994,800
Net income
$789,252
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$208$193$14.1$5.75$5.79$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$183$167$16.4$6.03$5.89$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$155$139$16.3$7.22$6.34$0.87
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$150$137$13.6$6.79$6.17$0.62
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$145$132$13.4$6.27$5.63$0.64
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$140$127$13.0$6.06$5.70$0.36
2015Summary only. Only limited summary data is available for this year.$133$120$13.2$5.55$5.36$0.20
2014Detailed filing. Detailed filing data is available for this year.$129$116$13.1$5.42$4.87$0.55
2013Detailed filing. Detailed filing data is available for this year.$127$115$11.7$5.78$4.99$0.79
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$124$112$11.8$5.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$118$106$11.4$5.44
Peer Organizations

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