2024-05-13T20:10:11-04:00 2023-12-31 HUGHES BUSINESS SOLUTIONS INC 10736 JEFFERSON BLVD SUITE 657 CULVER CITY CA 90230 990 2023-01-01 951117083 PRIORITY ONE CREDIT UNION PRIO 1631 HUNTINGTON DRIVE SOUTH PASADENA CA 91030 CHARLES WIGGINGTON SR PRESIDENT & CEO 6264411999 2024-05-13 false CHARLES WIGGINGTON true DEBRA M HUGHES CPA P01063868 3108018840 2024-05-13 2 00 AAL2 IAL1 2023 2023-04-26 12:10:37Z CHARLES WIGGINGTON Sr 12141241 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 43 7 0 0 0 4188897 5348496 1718567 3122804 3575682 3669941 9483146 12141241 0 259071 744629 3938593 4620167 0 0 3827247 4231811 8024911 9596607 1458235 2544634 196441068 192463294 181811232 174650855 14629836 17812439 NON-PROFIT,STATE-CHARTERED, NATURAL PERSON CREDIT UNION, PROVIDING COMPETITIVE FINANCIAL SERVICES TO THE MEMBERS OF PRIORITY ONE CREDIT UNION. false false 5853182 9018437 PROVIDE DEPOSIT AND LOAN ACCOUNTS TO 16,917 MEMBERS, PROVIDE LOW COST SOURCE OF CREDIT AND LOW COST FINANCIAL SERVICES TO OUR MEMBERS. PROVIDE SOURCE OF MEMBER SAVINGS AND CHECKING ACCOUNT NEEDS. 5853182 false false false false false false false false true false false false true false true false false false false false false false false false false false false true false true false false false false false false false false false false false false false true 0 0 true 43 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 CA X SIMONA HOLLINS 6264411999 1631 HUNTINGTON DRIVE SOUTH PASADENA CA 91030 CHARLES WIGGINGTON Sr PRESIDENT & CEO 40.00 0.00 X X 242258 0 0 SIMONA HOLLINS CHIEF FINANCIAL OFFICER 40.00 0.00 X 204425 0 0 SONIA VILLA LENDING DIRECTOR 40.00 0.00 X 124019 0 0 KIM JOHNSON HR DIRECTOR 40.00 0.00 X 116037 0 0 HOWARD SMITH CHIEF OPERATING OFFICER 40.00 0.00 X 110490 0 0 PATRICIA LOIACANO VP OF OPERATIONS 40.00 0.00 X 103472 0 0 RANDY MCBRIDE IT DIRECTOR 40.00 0.00 X 98152 0 0 LORNA RAYNE ARY SUPERVISORY COMMITTEE VICE CH 1.00 0.00 X 0 0 0 FREDERICK HAWKINS SUPERVISORY COMMITTEE TREASUR 1.00 0.00 X 0 0 0 RITA A RHEA-PERRY SUPERVISORY COMMITTEE AUDIT C 1.00 0.00 X 0 0 0 TYREE JACKSON BOARD MEMBER 1.00 0.00 X 0 0 0 GLEN O SAFFOLD BOARD MEMBER 1.00 0.00 X 0 0 0 HAZEL L BROWN-HARVEY SUPERVISORY COMMITTEE CHAIR 1.00 0.00 X 0 0 0 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 BOBBY THOMAS VICE CHAIRMAN 1.00 0.00 X 0 0 0 DIEDRA HARRIS-BROOKS CHAIRMAN OF THE BOARD 1.00 0.00 X 0 0 0 BROCHELLE HALE-CORHN BOARD SECRETARY 1.00 0.00 X 0 0 0 ART NOW BOARD TREASURER 1.00 0.00 X 0 0 0 998853 0 0 6 false true false INTEREST ON LOANS 522291 5348496 5348496 5348496 3122804 3122804 FEES AND CHARGES 522291 3057983 3057983 MISC OPERATING INCOME 522291 611908 611908 GAIN ON SALE OF ASSETS 900099 50 50 3669941 12141241 9018437 0 3122804 744629 744629 998854 998854 2705538 2705538 96259 96259 535170 390674 144496 284346 207573 76773 6570 6570 67485 67485 51392 51392 105530 105530 446807 446807 511176 373158 138018 60255 60255 112726 112726 85302 85302 BRANCH OPERATING EXPENSES 1017465 1017465 BRANCH PROGRAM EXPENSES 1301041 1301041 DEPRECIATION EXPENSE 466062 25039 441023 9596607 5853182 3743425 0 39500546 23484825 506005 701854 607232 562081 92988271 96152524 415737 619629 8111262 6524319 1689665 1586943 52682207 60822081 3010759 3156284 5040646 5377073 196441068 192463294 739599 916224 181071633 173734631 181811232 174650855 X 14629836 17812439 14629836 17812439 196441068 192463294 2544634 637969 0 X false true X true false 660864 660864 3475088 3205559 269529 3975310 3318760 656550 1586943 INVESTMENT IN COOP SHARE 40000 F INVESTMENT - DEPOSITSSTOCK 1345958 F INVESTMENT - NCUA DEPOSIT 1770326 F 3156284 ACCRUED INCOME 598716 OTHER ASSETS 4756625 ASSETS IN LIQUIDATION 21732 5377073 OTHER LIABILITIES 109965 SHARES 173624666 173734631 12141241 12141241 12141241 9596607 9596607 9596607 X X X CHARLES WIGGINGTON Sr PRESIDENT & CEO 242258 242258 SIMONA HOLLINS CHIEF FINANCIAL OFFICER 204425 204425 DIEDRA E HARRIS BROOKS BOARD CHAIRMAN UNSECURED X 11783 395 false true true GLEN OLNEY SAFFOLD BOARD SECRETARY REAL ESTATE LOAN X 431000 399551 false true true ARTHUR I NOW BOARD TREASURER USED AUTO LOAN X 12897 false true true HAZEL BROWN-HARVEY SUPV COMMITTEE CHAIR UNSECURED X 15000 4190 false true true PIERRE BOHAMED BOARD MEMBER USED AUTO LOAN X 29688 1298 false false true TYREE JACKSON BOARD MEMBER CREDIT CARD X 4458 3858 false true true HAZEL BROWN-HARVEY SUPV COMMITTEE CHAIR AUTO LOAN X 59500 45545 false true true BOBBY THOMAS BOARD VICE CHAIR REAL ESTATE LOAN X 106000 98408 false true true GLEN OLNEY SAFFOLD BOARD SECRETARY AUTO LOAN X 15500 8836 false true true 562081 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.