Civic Intelligence

University & State Employees Credit Union

990 • Fiscal year 2012 • EIN 95-1209332

Jan 01, 2012 to Dec 31, 2012 • Filed on Aug 07, 2013

10120 Pacific Heights Blvd No 10092121
Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$751,168,013

Flat from 2012

Net Assets

Flat

$64,117,302

Flat from 2012

Liabilities

Flat

$687,050,711

Flat from 2012

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

Flat

$28,241,176

Flat from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5B$1.0B$500M$0Assets 2010: $704,021,113Liabilities 2010: $660,471,738Net Assets 2010: $43,549,3752010Assets 2011: $729,878,186Liabilities 2011: $673,369,756Net Assets 2011: $56,508,4302011Assets 2012: $751,168,013Liabilities 2012: $687,050,711Net Assets 2012: $64,117,3022012Assets 2012: $751,168,013Liabilities 2012: $687,050,711Net Assets 2012: $64,117,3022012Assets 2013: $759,551,808Liabilities 2013: $693,563,107Net Assets 2013: $65,988,7012013Assets 2014: $794,331,432Liabilities 2014: $716,995,136Net Assets 2014: $77,336,2962014Assets 2015: $832,475,061Liabilities 2015: $752,422,098Net Assets 2015: $80,052,9632015Assets 2016: $883,404,811Liabilities 2016: $799,023,884Net Assets 2016: $84,380,9272016Assets 2017: $932,910,812Liabilities 2017: $843,461,219Net Assets 2017: $89,449,5932017Assets 2018: $974,347,002Liabilities 2018: $880,682,560Net Assets 2018: $93,664,4422018Assets 2019: $1,023,696,051Liabilities 2019: $921,234,785Net Assets 2019: $102,461,2662019Assets 2020: $1,176,783,982Liabilities 2020: $1,071,119,565Net Assets 2020: $105,664,4172020Assets 2021: $1,264,438,336Liabilities 2021: $1,162,077,824Net Assets 2021: $102,360,5122021Assets 2022: $1,240,251,202Liabilities 2022: $1,162,663,505Net Assets 2022: $77,587,6972022Assets 2023: $1,472,619,773Liabilities 2023: $1,389,310,887Net Assets 2023: $83,308,8862023Assets 2024: $1,207,155,502Liabilities 2024: $1,130,756,299Net Assets 2024: $76,399,2032024

Highlighted filing

2012

Assets$751,168,013
Liabilities$687,050,711
Net Assets$64,117,302

Operations Trend

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $43,411,1212010Expenses 2011: $30,479,4422011Expenses 2012: $28,241,1762012Revenue 2012: $35,506,434Expenses 2012: $28,241,176Net Income 2012: $7,265,2582012Revenue 2013: $34,547,936Expenses 2013: $26,559,805Net Income 2013: $7,988,1312013Revenue 2014: $35,514,261Expenses 2014: $27,668,645Net Income 2014: $7,845,6162014Revenue 2015: $34,465,714Expenses 2015: $30,478,211Net Income 2015: $3,987,5032015Revenue 2016: $36,316,881Expenses 2016: $31,458,039Net Income 2016: $4,858,8422016Revenue 2017: $38,958,541Expenses 2017: $33,319,803Net Income 2017: $5,638,7382017Revenue 2018: $42,943,870Expenses 2018: $37,280,381Net Income 2018: $5,663,4892018Revenue 2019: $47,431,083Expenses 2019: $39,758,547Net Income 2019: $7,672,5362019Revenue 2020: $41,288,386Expenses 2020: $39,368,354Net Income 2020: $1,920,0322020Revenue 2021: $40,598,480Expenses 2021: $40,051,557Net Income 2021: $546,9232021Revenue 2022: $46,015,710Expenses 2022: $42,732,849Net Income 2022: $3,282,8612022Revenue 2023: $62,378,718Expenses 2023: $60,114,609Net Income 2023: $2,264,1092023Revenue 2024: $63,463,155Expenses 2024: $69,940,609Net Income 2024: -$6,477,4542024

Highlighted filing

2012

Revenue-
Expenses$28,241,176
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Aug 7, 2013
Return Version
2012v2.1
Gross Receipts
$148,757,164
Mission and Program Overview

Mission

We are a member owned, not-for-profit financial cooperative; we exist to serve - to enrich lives and build better futures.

Major Activities

Activity 2
As a member-owned, not-for-profit cooperative, use credit union is dedicated to providing the financial products and services members need at every stage of life. Whether it's buying a first car, financing a new home, or seeking a higher education, use credit union offers members low-cost home, vehicle, and personal loans, as well as free financial seminars to assist them in making sound financial choices. As of december 31, 2012, use credit union members held 28,670 mortgage, home equity, vehicle, credit card, and various other personal loans totaling over $429 million.
Activity 3
Since 1936, use credit union has been helping people achieve their most important financial goals. As one of california's largest credit unions, use offers full-service banking, including free and low-cost e-services. Members can manage their personal finances anytime, anywhere with telephone, online, and wireless internet banking. As an additional convenience, use's offers billpay services to members with qualifying checking accounts at no cost. Approximately 6,300 members utilize this service each month. In addition, use credit union has partnered with other credit unions to form the co-op atm network. This network provides members access to approximately 30,000 no-fee atm's throughout the united states and canada.
Filing and Contact Details

Filer

EIN
95-1209332
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IRS990/Activity2/Description0AS A MEMBER-OWNED, NOT-FOR-PROFIT COOPERATIVE, USE CREDIT UNION IS DEDICATED TO PROVIDING THE FINANCIAL PRODUCTS AND SERVICES MEMBERS NEED AT EVERY STAGE OF LIFE. WHETHER IT'S BUYING A FIRST CAR, FINANCING A NEW HOME, OR SEEKING A HIGHER EDUCATION, USE CREDIT UNION OFFERS MEMBERS LOW-COST HOME, VEHICLE, AND PERSONAL LOANS, AS WELL AS FREE FINANCIAL SEMINARS TO ASSIST THEM IN MAKING SOUND FINANCIAL CHOICES. AS OF DECEMBER 31, 2012, USE CREDIT UNION MEMBERS HELD 28,670 MORTGAGE, HOME EQUITY, VEHICLE, CREDIT CARD, AND VARIOUS OTHER PERSONAL LOANS TOTALING OVER $429 MILLION.
IRS990/Activity3/Description0SINCE 1936, USE CREDIT UNION HAS BEEN HELPING PEOPLE ACHIEVE THEIR MOST IMPORTANT FINANCIAL GOALS. AS ONE OF CALIFORNIA'S LARGEST CREDIT UNIONS, USE OFFERS FULL-SERVICE BANKING, INCLUDING FREE AND LOW-COST E-SERVICES. MEMBERS CAN MANAGE THEIR PERSONAL FINANCES ANYTIME, ANYWHERE WITH TELEPHONE, ONLINE, AND WIRELESS INTERNET BANKING. AS AN ADDITIONAL CONVENIENCE, USE'S OFFERS BILLPAY SERVICES TO MEMBERS WITH QUALIFYING CHECKING ACCOUNTS AT NO COST. APPROXIMATELY 6,300 MEMBERS UTILIZE THIS SERVICE EACH MONTH. IN ADDITION, USE CREDIT UNION HAS PARTNERED WITH OTHER CREDIT UNIONS TO FORM THE CO-OP ATM NETWORK. THIS NETWORK PROVIDES MEMBERS ACCESS TO APPROXIMATELY 30,000 NO-FEE ATM'S THROUGHOUT THE UNITED STATES AND CANADA.
IRS990/ActivityOrMissionDescription0TO LEAD IN SERVICE, QUALITY AND MEMBER-VALUE AS YOUR TRUSTED FINANCIAL PARTNER.
IRS990/ActivityOther/Description0ADDITIONAL USE CREDIT UNION MEMBERSHIP BENEFITS INCLUDE: 1) PROFESSIONAL BROKERAGE AND INVESTMENT SERVICES; 2) PROFESSIONAL TAX PREPARATION SERVICES; 3) MONEY-SAVING AUTO, HOME, HEALTH, AND LIFE INSURANCE PROGRAMS; 4) FREE FINANCIAL EDUCATION SEMINARS; 5) MERCHANT, RECREATION, AND TRAVEL DISCOUNTS.
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IRS990/Description0MEMBERSHIP IN USE CREDIT UNION PROVIDES ACCESS TO A ROBUST ARRAY OF QUALITY FINANCIAL SERVICES AND PRODUCTS INCLUDING CHECKING AND SAVINGS ACCOUNTS. UNLIKE BANKS, WHICH RETURN THEIR PROFITS TO SHAREHOLDERS, USE CREDIT UNION RETURNS ITS PROFITS TO MEMBERS IN THE FORM OF HIGHER RATES ON DEPOSITS AND A HOST OF FREE AND LOW-COST SERVICES. AS OF DECEMBER 31, 2012, USE CREDIT UNION MEMBERS HELD 106,078 DEPOSIT ACCOUNTS TOTALING OVER $680 MILLION. THESE ACCOUNTS INCLUDED FREE CHECKING, LOW-BALANCE SAVINGS, IRA'S, AND HIGH-YIELD MONEY MARKET AND TERM INVESTMENT ACCOUNTS.
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IRS990/MortNotesPyblSecuredInvestProp/EOY03000000
IRS990/NameOfPrincipalOfficerPerson0JAMES HARRIS
IRS990/NbrIndependentVotingMembers011
IRS990/NbrVotingGoverningBodyMembers011
IRS990/NbrVotingMembersGoverningBody011
IRS990/NetAssetsOrFundBalancesBOY056508430
IRS990/NetAssetsOrFundBalancesEOY064117302
IRS990/NetGainOrLossInvestments/ExclusionAmount02601507
IRS990/NetGainOrLossInvestments/TotalRevenueColumn02601507
IRS990/NetRentalIncomeOrLoss/ExclusionAmount0449338
IRS990/NetRentalIncomeOrLoss/TotalRevenueColumn0449338
IRS990/NetUnrelatedBusinessTxblIncome0-279957
IRS990/NonDeductibleContributions00
IRS990/NumberFormsTransmittedWith1096016578
IRS990/NumberIndependentVotingMembers011
IRS990/NumberIndividualsGT100K013
IRS990/NumberOfContractorsGT100K010
IRS990/NumberOfEmployees0207
IRS990/NumberW2GIncluded00
IRS990/Occupancy/Total01307590
IRS990/OfficeExpenses/Total01403708
IRS990/OfficerEntityWithBsnssRltnshp00
IRS990/OfficerMailingAddress00
IRS990/Organization501c0X
IRS990/OtherAssetsTotal/BOY055706056
IRS990/OtherAssetsTotal/EOY058060635
IRS990/OtherEmployeeBenefits/Total0732805
IRS990/OtherExpensePriorYear016352390
IRS990/OtherExpensesCurrentYear015154767
IRS990/OtherExpenses/Description0PROVISION FOR LOAN LOSS
IRS990/OtherExpenses/Description1LOAN PROGRAM/SERVICING
IRS990/OtherExpenses/Description2ATM EXPENSES
IRS990/OtherExpenses/Description3MISC EXPENSES
IRS990/OtherExpenses/Total02125000
IRS990/OtherExpenses/Total11365530
IRS990/OtherExpenses/Total21300963
IRS990/OtherExpenses/Total3779125
IRS990/OtherLiabilities/BOY0661457559
IRS990/OtherLiabilities/EOY0681325465
IRS990/OtherNotesLoansReceivableNet/BOY0406005275
IRS990/OtherNotesLoansReceivableNet/EOY0418281642
IRS990/OtherRevenueCurrentYear0449338
IRS990/OtherRevenuePriorYear0103090
IRS990/OtherSalariesAndWages/Total07968114
IRS990/PaidInCapSrplsLandBldgEqpFund/BOY00
IRS990/PaidInCapSrplsLandBldgEqpFund/EOY00
IRS990/PartialLiquidation00
IRS990/PayrollTaxes/Total0727581
IRS990/PensionPlanContributions/Total0134240
IRS990/PoliciesReferenceChapters01
IRS990/PoliticalActivities01
IRS990/ProfessionalFundraising00
IRS990/ProgramServiceRevenue/BusinessCode0522100
IRS990/ProgramServiceRevenue/BusinessCode1522100
IRS990/ProgramServiceRevenue/BusinessCode2522100
IRS990/ProgramServiceRevenueCY028256317
IRS990/ProgramServiceRevenue/Description0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenue/Description1SERVICE CHARGES AND FEE INCOME
IRS990/ProgramServiceRevenue/Description2INTERCHANGE INCOME
IRS990/ProgramServiceRevenuePriorYear030985298
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome021304709
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome13842855
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome22891776
IRS990/ProgramServiceRevenue/TotalRevenueColumn021304709
IRS990/ProgramServiceRevenue/TotalRevenueColumn14059832
IRS990/ProgramServiceRevenue/TotalRevenueColumn22891776
IRS990/ProgramServiceRevenue/UnrelatedBusinessRevenue0216977
IRS990/ProhibitedTaxShelterTrans00
IRS990/ReconcilationOtherChanges0343614
IRS990/ReconcilationRevenueExpenses07265258
IRS990/RegularMonitoringEnforcement01
IRS990/RelatedEntity01
IRS990/RelatedOrgControlledEntity01
IRS990/RentalIncomeOrLoss/Real0449338
IRS990/ReportFin48Footnote01
IRS990/ReportInvestOthSecurities01
IRS990/ReportLandBldgEquip01
IRS990/ReportOtherAssets01
IRS990/ReportOtherLiabilities01
IRS990/ReportProgRelInvest00
IRS990/RetainedEarningsEndowmentEtc/BOY056508430
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IRS990/RevenuesLessExpensesCY07265258
IRS990/RevenuesLessExpensesPriorYear08061540
IRS990/SalariesEtcCurrentYear010879492
IRS990/SalariesEtcPriorYear011270212
IRS990/ScheduleBRequired00
IRS990ScheduleC/AmtOfInternalFundsContributed07605
IRS990ScheduleC/Form1120PolFiled01
IRS990ScheduleC/Form990ScheduleCPartIV/Explanation0USE'S POLITICAL CAMPAIGN ACTIVITIES ARE PRIMARILY CENTERED AROUND SPECIFIC LEGISLATIVE BILLS OF SPECIFIC INTEREST TO USE AND/OR THE CREDIT UNION INDUSTRY. WE PARTICIPATE WITH THE CALIFORNIA/NEVADA CREDIT UNION LEAGUE AND CUNA BY SENDING LETTERS OF SUPPORT OR OPPOSITION TO PROPOSED LEGISLATION. WE ALSO, ON AN INDIVIDUAL BASIS, ATTEND FUNDRAISERS TO SUPPORT CREDIT UNION FRIENDLY LEGISLATORS. FINANCIAL CONTRIBUTIONS ARE MADE BY EITHER PERSONAL FUNDS OR THRU PAC CONTRIBUTIONS.
IRS990ScheduleC/Form990ScheduleCPartIV/Identifier0ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES:
IRS990ScheduleC/Form990ScheduleCPartIV/ReturnReference0PART I-A, LINE 1:
IRS990ScheduleC/PoliticalExpenditures07605
IRS990ScheduleC/Sec527PolOrgs/AddressUS/AddressLine101201 K STREET SUITE 1050
IRS990ScheduleC/Sec527PolOrgs/AddressUS/AddressLine119201 SPECTRUM CENTER BLVD
IRS990ScheduleC/Sec527PolOrgs/AddressUS/City0SACRAMENTO

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,207$1,131$76.4$63.5$69.9$6.48
2023Detailed filing. Detailed filing data is available for this year.$1,473$1,389$83.3$62.4$60.1$2.26
2022Detailed filing. Detailed filing data is available for this year.$1,240$1,163$77.6$46.0$42.7$3.28
2021Detailed filing. Detailed filing data is available for this year.$1,264$1,162$102$40.6$40.1$0.55
2020Detailed filing. Detailed filing data is available for this year.$1,177$1,071$106$41.3$39.4$1.92
2019Detailed filing. Detailed filing data is available for this year.$1,024$921$102$47.4$39.8$7.67
2018Detailed filing. Detailed filing data is available for this year.$974$881$93.7$42.9$37.3$5.66
2017Detailed filing. Detailed filing data is available for this year.$933$843$89.4$39.0$33.3$5.64
2016Detailed filing. Detailed filing data is available for this year.$883$799$84.4$36.3$31.5$4.86
2015Detailed filing. Detailed filing data is available for this year.$832$752$80.1$34.5$30.5$3.99
2014Detailed filing. Detailed filing data is available for this year.$794$717$77.3$35.5$27.7$7.85
2013Detailed filing. Detailed filing data is available for this year.$760$694$66.0$34.5$26.6$7.99
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$751$687$64.1$28.2
2012Summary only. Only limited summary data is available for this year.$751$687$64.1$35.5$28.2$7.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$730$673$56.5$30.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$704$660$43.5$43.4