2024-05-10T22:39:05-04:00 2022-12-31 HUGHES BUSINESS SOLUTIONS INC 10736 JEFFERSON BLVD SUITE 657 CULVER CITY CA 90230 990 2022-01-01 951117083 PRIORITY ONE CREDIT UNION PRIO 1631 HUNTINGTON DRIVE SOUTH PASADENA CA 91030 CHARLES WIGGINGTON SR PRESIDENT & CEO 6264411999 2023-05-09 true CHARLES WIGGINGTON DEBRA M HUGHES CPA P01063868 3108018840 2024-05-10 0 00 AAL2 IAL1 2022 2023-04-26 12:10:37Z X CHARLES WIGGINGTON Sr 9483146 false X www.priorityonecu.org X 1926 CA NON-PROFIT,STATE-CHARTERED, NATURAL PERSON CREDIT UNION, PROVIDING COMPETITIVE FINANCIAL SERVICES TO THE MEMBERS OF PRIORITY ONE CREDIT UNION. 7 7 41 12 0 0 0 3651982 4188897 648721 1718567 3228115 3575682 7528818 9483146 0 266856 259071 3629314 3938593 0 0 3532598 3827247 7428768 8024911 100050 1458235 208586941 196441068 190129119 181811232 18457822 14629836 NON-PROFIT,STATE-CHARTERED, NATURAL PERSON CREDIT UNION, PROVIDING COMPETITIVE FINANCIAL SERVICES TO THE MEMBERS OF PRIORITY ONE CREDIT UNION. false false 3803921 7764579 PROVIDE DEPOSIT AND LOAN ACCOUNTS TO 16,772 MEMBERS, PROVIDE LOW COST SOURCE OF CREDIT AND LOW COST FINANCIAL SERVICES TO OUR MEMBERS. PROVIDE SOURCE OF MEMBER SAVINGS AND CHECKING ACCOUNT NEEDS. 3803921 false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false true false false false false false false false false false false false false true 0 0 true 41 true false false false false false false false false X 7 7 false false false false true false true true true false true true true true true true true true true true false false CA X SIMONA HOLLINS 6264411999 1631 HUNTINGTON DRIVE SOUTH PASADENA CA 91030 X PIERRE R BOHAMED BOARD MEMBER 1.00 0.00 X 0 0 0 ANNA SMITH SUPERVISORY COMMITTEE SECRETA 1.00 0.00 X 0 0 0 HAZEL L BROWN-HARVEY SUPERVISORY COMMITTEE CHAIR 1.00 0.00 X 0 0 0 LORA RAYNE ARY SUPERVISORY COMMITTEE MEMBER 1.00 0.00 X 0 0 0 SHELIA HARRIS SUPERVISORY COMMITTEE VICE CH 1.00 0.00 X 0 0 0 RITA A RHEA-PERRY SUPERVISORY COMMITTEE AUDIT C 1.00 0.00 X 0 0 0 BROCHELLE HALE-CORHN BOARD MEMBER 1.00 0.00 X 0 0 0 TYREE JACKSON BOARD MEMBER 1.00 0.00 X 0 0 0 CHARLES WIGGINGTON Sr PRESIDENT & CEO 40.00 0.00 X X 0 0 0 DIEDRA HARRIS-BROOKS CHAIRMAN OF THE BOARD 1.00 0.00 X 0 0 0 BOBBY THOMAS VICE CHAIRMAN 1.00 0.00 X 0 0 0 GLEN O SAFFOLD BOARD SECRETARY 1.00 0.00 X 0 0 0 ART NOW BOARD TREASURER 1.00 0.00 X 0 0 0 RANDY MCBRIDE IT DIRECTOR 40.00 0.00 X 0 0 0 SONIA VILLA LENDING DIRECTOR 40.00 0.00 X 0 0 0 SIMONA HOLLINS CHIEF FINANCIAL OFFICER 40.00 0.00 X 0 0 0 PATRICIA LOIACANO VP OF OPERATIONS 40.00 0.00 X 0 0 0 0 0 0 5 false false false INTEREST ON LOANS 522291 4188897 4188897 4188897 1718567 1718567 FEES AND CHARGES 522291 2912188 2912188 MISC OPERATING INCOME 522291 663494 663494 REALIZED GAIN ON INVEST 900001 3575682 9483146 7764579 0 1718567 259071 259071 648862 648862 2440957 2440957 91782 91782 506256 506256 250736 250736 86204 86204 45807 45807 26776 26776 40400 40400 509239 509239 58297 58297 23788 23788 84583 84583 BRANCH OPERATING EXPENSES 1084825 1084825 BRANCH PROGRAM EXPENSES 862534 862534 DEPRECIATION EXPENSE 1004794 200959 803835 8024911 3803921 4220990 0 78214126 39500546 648002 506005 461093 607232 80887768 92988271 459235 415737 8750164 7060499 1924353 1689665 38256707 52682207 2951939 3010759 4783718 5040646 208586941 196441068 607350 739599 189521769 181071633 190129119 181811232 X 18457822 14629836 18457822 14629836 208586941 196441068 1458235 -5501843 215622 0 X false false false 660864 660864 3475088 3205559 269529 4614212 3854940 759272 1689665 INVESTMENT IN COOP SHARE 40000 C INVESTMENT - DEPOSITSSTOCK 1132458 C INVESTMENT - NCUA DEPOSIT 1838301 C 3010759 ACCRUED INCOME 406796 OTHER ASSETS 4633850 5040646 OTHER LIABILITIES 56821 SHARES 181014812 181071633 DIEDRA E HARRIS BROOKS BOARD CHAIRMAN UNSECURED X 11783 7590 false true true GLEN OLNEY SAFFOLD BOARD SECRETARY REAL ESTATE LOAN X 431000 409528 false true true ARTHUR I NOW BOARD TREASURER USED AUTO LOAN X 12897 1934 false true true HAZEL BROWN-HARVEY SUPV COMMITTEE CHAIR UNSECURED X 15000 8170 false true true PIERRE BOHAMED BOARD MEMBER USED AUTO LOAN X 29688 6548 false true true TYREE JACKSON BOARD MEMBER CREDIT CARD X 3918 3371 false true true HAZEL BROWN-HARVEY SUPV COMMITTEE CHAIR AUTO LOAN X 59500 53600 false true true BOBBY THOMAS BOARD VICE CHAIR REAL ESTATE LOAN X 106000 103810 false true true GLEN OLNEY SAFFOLD BOARD SECRETARY AUTO LOAN X 15500 12681 false true true 607232 Amended return information 2022 NET ASSETS AMENDMENTS AS FOLLOWS:NET ASSETS W/O RESTRICTIONS $20,131,679UNREALIZED (LOSS) (5,501,843)TOTAL NET ASSETS $14,629,836 Members or stockholder classes and rights Part VI line 6 MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATIONS PROFITS IN THE FORM OF CASH DIVIDENDS. Member election for additional members Part VI line 7a MEMBERS HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY, WHETHER PERIODICALLY, AS VACANCIES ARISE, OR OTHERWISE. Governing body decisions Part VI line 7b MEMBERS HAVE THE RIGHT TO APPROVE THE GOVERNING BODYS ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WLL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS AS THEY OCCUR. Form 990 governing body review Part VI line 11 FORM 990 REVIEW PROCESS. HBS, INC., CPAs, AN ACCOUNTING FIRM, PREPARES THE ANNUAL 990 FORM. THE PRESIDENT AND CEO AND THE VP OF FINANCE REVIEW AND APPROVE THE ANNUAL 990 FORM PRIOR TO THE FILING AND THE GOVERNING BOARD REVIEW. Conflict of interest policy compliance Part VI line 12c THE ORGANIZATION HAS A COMPLIANCE OFFICER WHO MONITORS AND ENFORCES ALL POLICIES. CEO executive director top management comp Part VI line 15a HR PERSONNEL RECEIVES COMPARABLE COMPENSATION DATA FOR THE CEO WHICH IS BASED ON SURVEYS AND MAKES RECOMMENDATIONS TO THE GOVERNING BOARD. Other officer or key employee compensation Part VI line 15b HR PERSONNEL RECEIVES COMPARABLE COMPENSATION DATA FOR OTHER OFFICERS AND KEY COMPENSATION EMPLOYEES WHICH IS BASED ON SURVEYS AND MAKES RECOMMENDATIONS TO THE PRESIDENT AND CEO. Governing documents etc available to public Part VI line 19 THE MONTHLY FINANCIAL STATEMENTS ARE POSTED IN EACH OF THE BRANCHES. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST.