Civic Intelligence

Mcclatchy Employees Credit Union

EIN 94-6068439 • 501(c)14 • Sacramento, CA

Profile

Member-owned financial institution serving employees of the McClatchy Company with deposit and lending services.

580 University AveSacramento, CA 95825-6512

www.mcclatchyecu.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2019

Liabilities / Revenue

96th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)14 • <$500k nonprofits • Source year 2019

Net Margin

78th percentile

-4.4%

Higher net margin than 78% of similar nonprofits.

501(c)14 • <$500k nonprofits • Source year 2019

Top Officer Pay

94th percentile

$79,891

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 43.1% of source-year revenue.

501(c)14 • <$500k nonprofits • Source year 2019

Asset Growth

95th percentile

-100%

Faster asset growth than 95% of similar nonprofits.

501(c)14 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

45th percentile

-53%

Faster revenue growth than 45% of similar nonprofits.

501(c)14 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$0

Down $14,121,386 (-100%) from 2018

Liabilities

Down

$0

Down $12,146,254 (-100%) from 2018

Net Assets

Down

$0

Down $1,975,132 (-100%) from 2018

Revenue

Down

$185,310

Down $207,681 (-53%) from 2018

Expenses

Down

$193,454

Down $180,240 (-48%) from 2018

Net Income

Down

-$8,144

Down $27,441 (-142%) from 2018

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $17,155,101Liabilities 2010: $15,200,235Net Assets 2010: $1,954,8662010Assets 2011: $17,313,831Liabilities 2011: $15,365,436Net Assets 2011: $1,948,3952011Assets 2012: $16,577,693Liabilities 2012: $14,622,388Net Assets 2012: $1,955,3052012Assets 2013: $15,443,777Liabilities 2013: $13,484,965Net Assets 2013: $1,958,8122013Assets 2014: $15,918,480Liabilities 2014: $13,932,654Net Assets 2014: $1,985,8262014Assets 2015: $15,617,391Liabilities 2015: $13,628,015Net Assets 2015: $1,989,3762015Assets 2016: $15,794,200Liabilities 2016: $13,805,156Net Assets 2016: $1,989,0442016Assets 2017: $15,673,583Liabilities 2017: $13,717,748Net Assets 2017: $1,955,8352017Assets 2018: $14,121,386Liabilities 2018: $12,146,254Net Assets 2018: $1,975,1322018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2019

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $555,9842010Expenses 2011: $467,0232011Expenses 2012: $365,7362012Revenue 2013: $338,772Expenses 2013: $335,265Net Income 2013: $3,5072013Revenue 2014: $346,887Expenses 2014: $319,872Net Income 2014: $27,0152014Revenue 2015: $339,520Expenses 2015: $335,970Net Income 2015: $3,5502015Revenue 2016: $337,461Expenses 2016: $337,793Net Income 2016: -$3322016Revenue 2017: $368,284Expenses 2017: $401,493Net Income 2017: -$33,2092017Revenue 2018: $392,991Expenses 2018: $373,694Net Income 2018: $19,2972018Revenue 2019: $185,310Expenses 2019: $193,454Net Income 2019: -$8,1442019

Highlighted filing

2019

Revenue$185,310
Expenses$193,454
Net Income-$8,144

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Jun 30, 2019
Signed
Feb 15, 2021
Return Version
2019v5.2
Gross Receipts
$185,310
Mission and Program Overview

Mission

Member-owned financial institution serving employees of the McClatchy Company with deposit and lending services.

Member-owned financial institution serving employees of mcclatchy company with deposit and lending services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$9,916,324$0▼ $9,916,324
Other Notes and Loans Receivable, Net$3,361,022$0▼ $3,361,022
Rtn Earn Endowment Incm Other Fnds$1,975,132$0▼ $1,975,132
Savings and Temporary Cash Investments$669,881$0▼ $669,881
Cash and Non-Interest-Bearing Accounts$114,581$0▼ $114,581
Prepaid Expenses and Deferred Charges$17,463$0▼ $17,463
Land, Buildings, and Equipment, Net$15,499$0▼ $15,499
Accounts Receivable$438$0▼ $438
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$14,121,386$0▼ $14,121,386
Other Assets Total$26,178$0▼ $26,178
Liabilities
Other Liabilities$12,029,029$0▼ $12,029,029
Accounts Payable and Accrued Expenses$117,225--
Total Liabilities$12,146,254$0▼ $12,146,254
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,975,132$0▼ $1,975,132
Total Liabilities and Net Assets / Fund Balance$14,121,386$0▼ $14,121,386
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen SerfozoPresident/CEOFT$74,851$5,040$79,891

Board Members and Trustees

NameTitle
Steve YeisleyChair
Gerard RossVice Chair
Jim FotesDirector
Julie PendleyDirector
Michelle CantoniDirector
Sandra LawsonDirector
Janet VittSecretary
Dwight HastingsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$85,055
Investment Income
$100,255
Other Revenue
$0
Change in Net Assets
$-8,144
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$97,277
Other Expenses$56,638
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$44,906
Benefits to Members---$39,539
Other Salaries and Wages---$34,385
Other Employee Benefits---$17,986
Fees for Services Legal---$8,950
Insurance---$7,988
All Other Expenses---$6,051
Depreciation Depletion---$3,839
Fees for Services Other---$2,868
Office Expenses---$1,544
Other Expenses---$1,277
Interest---$1,115
Travel---$526
Conferences and Meetings---$217
Total Functional Expenses$0$0$0$193,454
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 Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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

The organization is a member-owned financial cooperative.

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

An annual meeting is held each january where all members of the governing body are elected by the membership.

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

At the annual meeting, membership ratifies the actions of the governing body taken during the past year.

Form 990, Part VI, Section B, Line 11B

Form 990 will be reviewed by the ceo and cfo of first u.s. Community credit union (the continuing credit union of the merger.)

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

Officers, directors and key employees are required to sign a conflict of interest statement each year. In addition, should any decision be brought before them which might present a conflict that individual is required to recuse themselves from action upon that issue.

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

The compensation of the president/ceo is based in part on compensation surveys generated by industry trade associations. The credit union does not have any other key employees or compensated officers.

Form 990, Part VI, Section C, Line 19

The documents are securely stored at our primary location and are available for review during normal business hours.

Filing and Contact Details

Filer

Filer Name
Mcclatchy Employees Credit Union
EIN
94-6068439
Phone
9165765672
Address
580 UNIVERSITY AVE, SACRAMENTO, CA 95825-6512

Signing Officer

Name
Jeff Crump
Title
SVP/chief Financial Officer
Phone
9165765672
Signed
2021-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Serfozo
Formed
1935
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
3
Volunteers
14

Preparer

Firm
Rsm US Llp
Address
801 NICOLLET MALL WEST TOWER STE, 1200, MINNEAPOLIS, MN 55402-2526
Preparer
Kacie Mcewen
Phone
6123324300
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Net assets transferred to first u.s. Community credit union in merger -1,966,988.

Raw XML AppendixShowing 400 of 461 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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IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0NET LOANS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1CERTIFICATE OF DEPOSIT INVESTMENTS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc3RECEIVABLES
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc4NCUSIF DEPOSIT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc5PREPAID ASSETS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc6FURNITURE AND EQUIPMENT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc7ACCRUED INCOME
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0FIRST US COMMUNITY CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1FIRST US COMMUNITY CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt2FIRST US COMMUNITY CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt3FIRST US COMMUNITY CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt4FIRST US COMMUNITY CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt5FIRST US COMMUNITY CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt6FIRST US COMMUNITY CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt7FIRST US COMMUNITY CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02019-07-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12019-07-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22019-07-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt32019-07-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt42019-07-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt52019-07-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt62019-07-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt72019-07-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0941019805
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1941019805
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN2941019805
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN3941019805
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN4941019805
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN5941019805
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN6941019805
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN7941019805
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt03079736
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt18339000
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt2553643
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt3501
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt4118063
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt56610
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt611660
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt730314
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt2501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt3501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt4501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt5501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt6501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt7501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BALANCE SHEET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1BALANCE SHEET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt2BALANCE SHEET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt3BALANCE SHEET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt4BALANCE SHEET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt5BALANCE SHEET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt6BALANCE SHEET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt7BALANCE SHEET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0580 UNIVERSITY AVENUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt1580 UNIVERSITY AVENUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt2580 UNIVERSITY AVENUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt3580 UNIVERSITY AVENUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt4580 UNIVERSITY AVENUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt5580 UNIVERSITY AVENUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt6580 UNIVERSITY AVENUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt7580 UNIVERSITY AVENUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0SACRAMENTO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1SACRAMENTO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm2SACRAMENTO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm3SACRAMENTO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm4SACRAMENTO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm5SACRAMENTO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm6SACRAMENTO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm7SACRAMENTO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0CA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1CA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd2CA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd3CA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd4CA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd5CA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd6CA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd7CA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd0958256512
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd1958256512
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd2958256512
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd3958256512
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd4958256512
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd5958256512
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd6958256512
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd7958256512
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PERSON(S) INVOLVED: STEPHEN SERFOZO
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1EXPLANATION OF INVOLVEMENT: STEPHEN SERFOZO, PRESIDENT/CEO OF MCCLATCHY EMPLOYEES CREDIT UNION BECAME AN ASSOCIATE BOARD MEMBER, NON-VOTING POSITION, OF FIRST U.S. COMMUNITY CREDIT UNION
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 2E:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A MEMBER-OWNED FINANCIAL COOPERATIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AN ANNUAL MEETING IS HELD EACH JANUARY WHERE ALL MEMBERS OF THE GOVERNING BODY ARE ELECTED BY THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AT THE ANNUAL MEETING, MEMBERSHIP RATIFIES THE ACTIONS OF THE GOVERNING BODY TAKEN DURING THE PAST YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 WILL BE REVIEWED BY THE CEO AND CFO OF FIRST U.S. COMMUNITY CREDIT UNION (THE CONTINUING CREDIT UNION OF THE MERGER.)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR. IN ADDITION, SHOULD ANY DECISION BE BROUGHT BEFORE THEM WHICH MIGHT PRESENT A CONFLICT THAT INDIVIDUAL IS REQUIRED TO RECUSE THEMSELVES FROM ACTION UPON THAT ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE COMPENSATION OF THE PRESIDENT/CEO IS BASED IN PART ON COMPENSATION SURVEYS GENERATED BY INDUSTRY TRADE ASSOCIATIONS. THE CREDIT UNION DOES NOT HAVE ANY OTHER KEY EMPLOYEES OR COMPENSATED OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE DOCUMENTS ARE SECURELY STORED AT OUR PRIMARY LOCATION AND ARE AVAILABLE FOR REVIEW DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NET ASSETS TRANSFERRED TO FIRST U.S. COMMUNITY CREDIT UNION IN MERGER -1,966,988.
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 11B
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 XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt014121386
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt014121386
IRS990/TotalAssetsGrp/EOYAmt00

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