Civic Intelligence

North Island Financial Credit Union

EIN 95-1687284 • 501(c)14 • San Diego, CA

View Organization Page

Profile

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, north island financial 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.

PO Box 85833San Diego, CA 92186-5833

www.northislandcu.com

Siviq Scores

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

Liabilities / Assets

21st percentile

0.89x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2016

Liabilities / Revenue

90th percentile

19.38x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2016

Net Margin

82nd percentile

16%

Higher net margin than 82% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2016

Top Officer Pay

15th percentile

$640,237

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

501(c)14 • $1B+ nonprofits • Source year 2016

Asset Growth

73rd percentile

6.5%

Faster asset growth than 73% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2015 to 2016

Revenue Growth

17th percentile

8.5%

Faster revenue growth than 17% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$1,258,849,048

Up $76,565,052 (+6.5%) from 2015

Liabilities

Up

$1,118,334,888

Up $68,465,517 (+6.5%) from 2015

Net Assets

Up

$140,514,160

Up $8,099,535 (+6.1%) from 2015

Operations
Liabilities / Revenue90th percentileNet Margin82nd percentile

Revenue

Up

$57,702,150

Up $4,510,741 (+8.5%) from 2015

Expenses

Up

$48,355,504

Up $5,817,821 (+14%) from 2015

Net Income

Down

$9,346,646

Down $1,307,080 (-12%) from 2015

Trend Graphs

Balance Sheet Trend

Asset Growth73rd percentile

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

$1.5B$1.0B$500M$0Assets 2010: $1,136,376,035Liabilities 2010: $15,307,214Net Assets 2010: $1,121,068,8212010Assets 2011: $1,057,437,924Liabilities 2011: $17,188,466Net Assets 2011: $1,040,249,4582011Assets 2012: $1,090,068,754Liabilities 2012: $13,626,594Net Assets 2012: $1,076,442,1602012Assets 2013: $1,100,567,500Liabilities 2013: $997,424,837Net Assets 2013: $103,142,6632013Assets 2014: $1,143,959,862Liabilities 2014: $1,021,480,102Net Assets 2014: $122,479,7602014Assets 2015: $1,182,283,996Liabilities 2015: $1,049,869,371Net Assets 2015: $132,414,6252015Assets 2016: $1,258,849,048Liabilities 2016: $1,118,334,888Net Assets 2016: $140,514,1602016

Highlighted filing

2016

Assets$1,258,849,048
Liabilities$1,118,334,888
Net Assets$140,514,160
Open 2016 Filing

Operations Trend

Revenue Growth17th percentile

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

$60M$40M$20M$0Expenses 2010: $53,211,7222010Expenses 2011: $35,533,4612011Expenses 2012: $32,830,3692012Revenue 2013: $49,891,933Expenses 2013: $37,666,031Net Income 2013: $12,225,9022013Revenue 2014: $57,115,555Expenses 2014: $39,295,653Net Income 2014: $17,819,9022014Revenue 2015: $53,191,409Expenses 2015: $42,537,683Net Income 2015: $10,653,7262015Revenue 2016: $57,702,150Expenses 2016: $48,355,504Net Income 2016: $9,346,6462016

Highlighted filing

2016

Revenue$57,702,150
Expenses$48,355,504
Net Income$9,346,646
Open 2016 Filing

Filings

Most recent year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,258,849,048
Liabilities
$1,118,334,888
Net assets
$140,514,160
Revenue
$57,702,150
Expenses
$48,355,504
Net income
$9,346,646
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$1,259$1,118$141$57.7$48.4$9.35
2015Detailed filing. Detailed filing data is available for this year.$1,182$1,050$132$53.2$42.5$10.7
2014Detailed filing. Detailed filing data is available for this year.$1,144$1,021$122$57.1$39.3$17.8
2013Detailed filing. Detailed filing data is available for this year.$1,101$997$103$49.9$37.7$12.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,090$13.6$1,076$32.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,057$17.2$1,040$35.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,136$15.3$1,121$53.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 20, 2017
Return Version
2016v3.0
Gross Receipts
$86,844,541
Mission and Program Overview

Mission

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, north island financial 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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$850,839,829$929,285,817▲ $78,445,988
Rtn Earn Endowment Incm Other Fnds$132,414,625$140,514,160▲ $8,099,535
Investments in Publicly Traded Securities$146,525,129$127,750,882▼ $18,774,247
Savings and Temporary Cash Investments$77,353,292$99,988,640▲ $22,635,348
Land, Buildings, and Equipment, Net$54,469,756$55,004,676▲ $534,920
Cash and Non-Interest-Bearing Accounts$18,355,286$16,778,068▼ $1,577,218
Prepaid Expenses and Deferred Charges$3,561,812$4,231,836▲ $670,024
Receivables From Officers Etc$706,910$684,718▼ $22,192
Intangible Assets-$155,146-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,182,283,996$1,258,849,048▲ $76,565,052
Other Assets Total$30,471,982$24,969,265▼ $5,502,717
Liabilities
Other Liabilities$1,034,473,025$1,093,832,752▲ $59,359,727
Accounts Payable and Accrued Expenses$15,396,346$24,502,136▲ $9,105,790
Total Liabilities$1,049,869,371$1,118,334,888▲ $68,465,517
Net Assets / Fund Balance
Total Net Assets Fund Balance$132,414,625$140,514,160▲ $8,099,535
Total Liabilities and Net Assets / Fund Balance$1,182,283,996$1,258,849,048▲ $76,565,052

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$33,784,301$8,730,556$42,514,857
Equipment$6,433,506$9,139,432$15,572,938
Land$13,473,581-$13,473,581
Leasehold Improvements$1,313,288$1,587,358$2,900,646
Investment Program Related Org$750,000--
Compensation and Service Providers
Top Officer Pay15th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEPHEN O'CONNELLPresident/CEOFT$432,500$207,737$640,237
ROBERT O'GRADYSVP/COOFT$287,816$77,959$365,775
Hudson LeeSVP/CFOFT$273,388$86,040$359,428
Dennis Carl FedericiVP Investment & InsuranceFT$290,512$25,097$315,609
Kevin CarlsonSVP/CAO (former)FT$116,568$157,495$274,063
Diane Madison-jammalSVP/CIOFT$211,190$61,953$273,143
Miguel KassemVP Mortgage Loan OfficerFT$259,607$12,146$271,753
Gregory BondRegistered RepresentativeFT$206,639$20,448$227,087
Jill FaucherVP MarketingFT$176,215$32,225$208,440
Nando BraggerVP Mortgage Loan OfficerFT$173,370$9,005$182,375
Bill KaleyBoard Member-$866-$866

Board Members and Trustees

NameTitle
Gene PellerinChairperson
Emmanuel OlaesTrustee - Chair
Kit GardnerVice Chairperson
Bob PlunkettBoard Member
Todd BulichBoard Member
Scott HermanTrustee
Roger MctigheTrustee - Secretary
Jeff StoneFinancial Officer
Rebecca CollierSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$53,528,007
Investment Income
$4,042,030
Other Revenue
$132,113
Change in Net Assets
$9,346,646
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$25,221,656
Salaries, Compensation, and Employee Benefits$22,949,238
Grants and Similar Amounts Paid$184,610
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$16,868,692
Office Expenses---$4,538,421
Information Technology---$4,376,636
Depreciation Depletion---$3,529,581
Current Officers, Directors, Trustees, and Key Employees---$2,943,431
Fees for Services Legal---$1,879,609
Occupancy---$1,569,955
Other Employee Benefits---$1,479,445
Payroll Taxes---$1,384,194
Fees for Services Other---$1,304,588
Interest---$1,281,883
Advertising---$990,247
Travel---$362,386
Pension Plan Contributions---$273,476
Grants to Domestic Orgs---$184,610
Fees for Services Accounting---$126,605
Other Expenses---$119,324
All Other Expenses---$110,000
Total Functional Expenses$0$0$0$48,355,504
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Morale Welfare & RecreationSan Diego, CA501(c)(3)To Improve Quality of Life for Military Families$20,000
OlivecrestSanta Ana, CA501(c)(3)Provide Homes, Counseling, Education for Families in Crisis$20,000
CREDIT UNION'S FOR KIDS CHILDREN'S MIRACLE NETWORKOntario, CA501(c)(3)Provides Critical Treatments, Equipment and Charitable Care for Kids in the San Diego Community.$15,000
EmbroidmeSan Diego, CA501(c)(3)Provide School Supplies to Children in Financial Need$11,610
Boys to MenLa Mesa, CA501(c)(3)Mentor Young Men to Improve Access to Higher Education$10,000
Uss Midway MuseumSan Diego, CA501(c)(3)SPONSOR CELEBRATION OF MIDWAY'S 70TH ANNIVERSARY$10,000
San Diego Fleet Week FoundationSan Diego, CA501(c)(3)Honor, Support, Thank the Men and Women of the Military$8,500
Ronald Mcdonald House Charities of San DiegoSan Diego, CA501(c)(3)Provide Care, Comfort, Meals and Lodging to Families With Children Facing Serious Medical Conditions$6,500
Scripps Health FoundationSan Diego, CA501(c)(3)Provide Funds to Expand Hospital Facilities$5,000
Traders 4 a CauseWindham, NH501(c)(3)Provide Funds to Various Charities$5,000
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$2,500
Total Exempt Function Spending$2,500

Section 527 Organizations

OrganizationLocationAmount
74-3032876San Diego, CA$2,500
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$706,910$684,718▼ $22,192
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBER'S SHARES AND DEPOSITS$1,093,804,515
Accrued Dividends and Interest Payable$28,237
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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

“North island financial credit union is a cooperative financial institution that is owned and controlled by its members and is operated for the purpose of promoting thrift and savings to its members. North island financial credit union does not have stockholders.”

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

“The governing board of north island financial 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 the 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

“Finance members of the governing body and officers of the organization review a copy of form 990 before it is filed.”

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

“The governing body and officers of the organization created a subgroup which oversees the monitoring and enforcement of conflicts. This group is empowered to correct deficiencies.”

Form 990, Part VI, Section B, Line 15

“The governing body established a subgroup to oversee and review all material compensation issues. This group uses independent market data for comparison reviews and is empowered to correct deficiencies.”

Form 990, Part VI, Section C, Line 19

“The organization's monthly financial statements are posted in each branch for members to review. Significant policies and governing documents are available to members upon request.”

Filing and Contact Details

Filer

Filer Name
North Island Financial Credit Union
EIN
95-1687284
Phone
8587697002
Address
PO BOX 85833, SAN DIEGO, CA 92186-5833

Signing Officer

Name
Hudson Lee
Title
SVP/CFO
Phone
8587697002
Signed
2017-11-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hudson Lee
Formed
1940
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
314
Volunteers
12

Preparer

Firm
Turner Warren Hwang & Conrad Acctcy
Address
100 NORTH FIRST ST STE 202, BURBANK, CA 91502
Preparer
Valentino Creus CPA
Phone
8189549700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

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

Form 990

“Section 1.263(a)-1(f)de minimis safe harbor election north island financial credit union p.o. Box 85833 san diego, ca 92186-5833 taxpayer identification number: 95-1687284 for the year ending december 31, 2016 north island financial credit union is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).”

Financial Statement Notes

PART X, LINE 2:

“The credit union is exempt from most federal, state, and local taxes under the provisions of the internal revenue code and state tax laws. The income taxes topic of the fasb asc clarifies accounting for uncertainty in income taxes reported in the financial statements. The interpretation provides criteria for assessment of individual tax positions and a process for recognition and measurement of uncertain tax positions. Tax positions are evaluated on whether they meet the "more likely than not" standard for sustainability upon examination by tax authorities. The credit union is a state-chartered credit union as defined in internal revenue code (irc) section 501(c)(14). As such, the credit union is exempt from federal taxation of income derived from the performance of activities directly related to its exempt purposes. However, irc section 511 imposes a tax on the unrelated business income (ubi) derived by state-chartered credit unions. Beginning in march 2008, the internal revenue service (irs) released technical advice memorandums (tams) to specific state-chartered credit unions specifying the revenue sources subject to unrelated business income tax (ubit). Ubi may also be subject to tax in certain states. Management has assessed the credit union's activities and any potential federal or state income tax liability and determined that the credit union has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Additionally, no interest and penalties have been recorded in the accompanying financial statements related to uncertain tax positions. Currently, the 2015, 2014, and 2013 federal income tax returns are open for examination by the irs. The filing years open for examination by the state, if applicable, may be equal to, greater than or less than the years open for examination by the irs.”

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IRS990/Form990PartVIISectionAGrp/PersonNm10STEPHEN O'CONNELL
IRS990/Form990PartVIISectionAGrp/PersonNm11HUDSON LEE
IRS990/Form990PartVIISectionAGrp/PersonNm12ROBERT O'GRADY
IRS990/Form990PartVIISectionAGrp/PersonNm13KEVIN CARLSON
IRS990/Form990PartVIISectionAGrp/PersonNm14DIANE MADISON-JAMMAL
IRS990/Form990PartVIISectionAGrp/PersonNm15DENNIS CARL FEDERICI
IRS990/Form990PartVIISectionAGrp/PersonNm16MIGUEL KASSEM
IRS990/Form990PartVIISectionAGrp/PersonNm17GREGORY BOND
IRS990/Form990PartVIISectionAGrp/PersonNm18JILL FAUCHER
IRS990/Form990PartVIISectionAGrp/PersonNm19NANDO BRAGGER
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE - CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE - SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt11SVP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt12SVP/COO
IRS990/Form990PartVIISectionAGrp/TitleTxt13SVP/CAO (FORMER)
IRS990/Form990PartVIISectionAGrp/TitleTxt14SVP/CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP INVESTMENT & INSURANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP MORTGAGE LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt17REGISTERED REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP MORTGAGE LOAN OFFICER
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IRS990/GainOrLossGrp/SecuritiesAmt092917
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0184610
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
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IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt026197980
IRS990/GrossReceiptsAmt086844541
IRS990/GrossRentsGrp/RealAmt02133557
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
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IRS990/IndivRcvdGreaterThan100KCnt044
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt04376636
IRS990/IntangibleAssetsGrp/EOYAmt0155146
IRS990/InterestGrp/TotalAmt01281883
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt04026064
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04026064
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0850839829
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IRS990/InvestmentsPubTradedSecGrp/BOYAmt0146525129
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IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt019457346
IRS990/LandBldgEquipBasisNetGrp/BOYAmt054469756
IRS990/LandBldgEquipBasisNetGrp/EOYAmt055004676
IRS990/LandBldgEquipCostOrOtherBssAmt074462022
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01035884
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt026105063
IRS990/LessRentalExpensesGrp/RealAmt02001444
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd01
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IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0A 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, NORTH ISLAND FINANCIAL 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0132414625
IRS990/NetAssetsOrFundBalancesEOYAmt0140514160
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt015966
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt015966
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0132113
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0132113
IRS990/NetUnrelatedBusTxblIncmAmt0-577257
IRS990/NetUnrlzdGainsLossesInvstAmt0-1247111
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt01569955
IRS990/OfficeExpensesGrp/TotalAmt04538421
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt030471982
IRS990/OtherAssetsTotalGrp/EOYAmt024969265
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01479445
IRS990/OtherExpensesGrp/Desc0OTHER NON-OPERATING LOS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS OPERATING
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc3OPERATING FEES
IRS990/OtherExpensesGrp/TotalAmt02241718
IRS990/OtherExpensesGrp/TotalAmt11713138
IRS990/OtherExpensesGrp/TotalAmt21077565
IRS990/OtherExpensesGrp/TotalAmt3119324
IRS990/OtherLiabilitiesGrp/BOYAmt01034473025
IRS990/OtherLiabilitiesGrp/EOYAmt01093832752
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherSalariesAndWagesGrp/TotalAmt016868692
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt01384194
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0273476
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03561812
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04231836
IRS990/PrincipalOfficerNm0HUDSON LEE
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IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1OTHER OPERATING INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt032968326
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt111284177
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt29004248
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt111411597
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt29148084
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0127420
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt1143836
IRS990/ProgSrvcAccomActy2Grp/Desc0IN 2016, WE CONTINUED TO FOCUS ON SERVING OUR MEMBERS BY OFFERING THEM THE RIGHT PRODUCT AND SERVICES TO MEET THEIR NEEDS. WE EXPANDED OUR MOBILE BANKING PLATFORM TO INCLUDE TEXT ALERTS, EASIER TRANSFER CAPABILITIES AND QUICK BALANCE CHECK OPTIONS. WE ALSO REFINED OUR ONLINE ACCOUNT OPENING AND LOAN APPLICATION PROCESS, GIVING OUR MEMBERS MORE WAYS TO ENGAGE WITH OUR CREDIT UNION.
IRS990/ProgSrvcAccomActy3Grp/Desc0NORTH ISLAND CREDIT UNION TAKES PRIDE IN FUNDING PROGRAMS THAT ENHANCE THE COMMUNITY IN WHICH WE LIVE AND WORK. IN 2016, WE PROUDLY CONTRIBUTED TO HUNDREDS OF NON-PROFIT ORGANIZATIONS INCLUDING BOYS TO MEN MENTORING, CHILDREN'S MIRACLE NETWORK, SCRIPPS HEALTH FOUNDATION, THE FLEET WEEK FOUNDATION, AND MANY ADDITIONAL MILITARY ORGANIZATIONS SUPPORTING OUR LOCAL SAILORS AND MARINES. IN ADDITION TO OUR FINANCIAL CONTRIBUTIONS, OUR EMPLOYEES VOLUNTEERED THEIR TIME THROUGH ORGANIZED PROGRAMS, RECEIVING PAID TIME OFF TO ENCOURAGE SOCIAL RESPONSIBILITY.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt0156063
IRS990/PYInvestmentIncomeAmt03070764
IRS990/PYOtherExpensesAmt019869830
IRS990/PYOtherRevenueAmt0894189
IRS990/PYProgramServiceRevenueAmt049226456
IRS990/PYRevenuesLessExpensesAmt010653726
IRS990/PYSalariesCompEmpBnftPaidAmt022511790
IRS990/PYTotalExpensesAmt042537683
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt053191409
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0706910
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0684718
IRS990/ReconcilationRevenueExpnssAmt09346646
IRS990/RegularMonitoringEnfrcInd01
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IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0132113
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0132414625
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0140514160
IRS990/SavingsAndTempCashInvstGrp/BOYAmt077353292
IRS990/SavingsAndTempCashInvstGrp/EOYAmt099988640
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/Form1120POLFiledInd01
IRS990ScheduleC/InternalFundsContributedAmt02500
IRS990ScheduleC/PoliticalExpendituresAmt02500
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0743032876
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0SAN DIEGO CREDIT UNION PAC
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt02500
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt09201 SPECTRUM CENTER BOULEVARD
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0SAN DIEGO
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd092123
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0NORTH ISLAND FINANCIAL CREDIT UNION CONTRIBUTED TO SAN DIEGO CREDIT UNIONS - PAC, THE CCUL - PAC.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
IRS990ScheduleC/TotalExemptFunctionExpendAmt02500
IRS990ScheduleD/BuildingsGrp/BookValueAmt033784301
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08730556
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt042514857
IRS990ScheduleD/EquipmentGrp/BookValueAmt06433506
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09139432
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015572938
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1898889105
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt29997464
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt35278574
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4750000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0ALL OTHER INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1LOANS AND LEASES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2NCUA SHARE INSURANCE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3LOANS HELD FOR SALE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4PAID-IN CAPITAL AT CORP CUS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/LandGrp/BookValueAmt013473581
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt013473581
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01313288
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01587358
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02900646
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01093804515
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt128237
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER'S SHARES AND DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED DIVIDENDS AND INTEREST PAYABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE (IRS) RELEASED TECHNICAL ADVICE MEMORANDUMS (TAMS) TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNION'S ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2015, 2014, AND 2013 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:

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