2026-09-15T17:34:17-05:00 2025-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2025-01-01 942407726 SANTA CRUZ COMMUNITY CREDIT UNION SANT 8314257708 55 RIVER STREET SANTA CRUZ CA 95060 ELIZABETH CARR PRESIDENT/CEO 8314257708 2026-09-11 1 HAYKAZ VARDGESYAN CPA P01444443 8189549700 2025 ELIZABETH CARR 55 RIVER STREET SANTA CRUZ CA 95060 11837669 0 X WWW.SCCCU.ORG X CREDIT UNION 1977 CA A COMMUNITY DEVELOPMENT AND LOW INCOME CERTIFIED FINANCIAL COOPERATIVE ORGANIZED TO SERVE UNDERSERVED AND PROMOTE ECONOMIC EQUITY. 6 6 56 10 18105 0 0 0 11011351 11149039 760489 688630 3379779 0 15151619 11837669 62884 45855 0 0 6250848 5913370 0 0 0 7920465 7078377 14234197 13037602 917422 -1199933 186167119 176019950 167441254 158489442 18725865 17530508 X 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, SANTA CRUZ COMMUNITY 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. SANTA CRUZ COMMUNITY CREDIT UNION SERVES THE COMMUNITY AS A CERTIFIED CDFI AND LOW INCOME CREDIT UNION, ENSURING THAT THROUGH ECONOMIC JUSTICE MEASURES, ALL PEOPLE RECEIVE ASSISTANCE TO IMPROVE THEIR LIVES. 0 0 THE CREDIT UNION IS A COMMUNITY DEVELOPMENT, LOW-INCOME AND JUNTOS AVANZAMOS CERTIFIED CREDIT UNION PROVIDING LOW-COST, LIFE-CHANGING SERVICES, FINANCIAL LEARNING AND OPPORTUNITIES TO ITS LOCAL COMMUNITIES WITH A MISSION TO EMBRACE ECONOMIC JUSTICE AND TO PROVIDE FINANCIAL ACCESS TO ALL PEOPLE. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION SERVING SANTA CRUZ, MONTEREY, AND SAN BENITO COUNTIES AS THEIR APPROVED FIELD OF MEMBERSHIP.SCCCU SERVES PEOPLE AND BUSINESSES IN ALL WALKS OF LIFE AND PROVIDES A VARIETY OF OPPORTUNITIES TO MINORITY POPULATIONS INCLUDING CONSUMER, REAL ESTATE AND COMMERCIAL/SMALL AND MICRO-BUSINESS LENDING. SPECIFICALLY, THE CREDIT UNION OFFERS "PROYECTO HOGAR" - MANUFACTURED HOME LOANS, NEW AND USED AUTO LOANS, MINORITY BUSINESS LOANS, LINES OF CREDIT, PLATINUM VISA AND SAVINGS-SECURED VISA, COMMERCIAL LOANS, REAL ESTATE LOANS AND HOME EQUITY LOANS AND LINES OF CREDIT. SANTA CRUZ COMMUNITY CREDIT UNION IS NOT A TEMPLATE LENDER, SO WE WORK WITH EACH INDIVIDUAL BORROWER, NON-PROFIT AND BUSINESS TO FIND THE RIGHT SOLUTIONS. THAT INCLUDES REAL ESTATE FIRST AND SECOND LOANS, COMMUNITY DEVELOPMENT AND GOVERNMENT-GUARANTEED LOANS SUCH AS CAL COASTAL RURAL DEVELOPMENT, SBA AND MICRO-BUSINESS LOANS. THE CREDIT UNION SERVES MANY MICRO AND SMALL BUSINESSES AS WELL AS NON-PROFITS LOCALLY, AS SANTA CRUZ COUNTY IS A COMMUNITY OF ENTREPRENEURIAL BUSINESSES AND NON-PROFITS THAT OFTEN HAVE FEW OPTIONS AVAILABLE COMPARED TO THE MAINSTREAM BANKING INDUSTRY. THE CREDIT UNION HAS THREE BRANCHES ACROSS SANTA CRUZ COUNTY AND HAS RECENTLY LAUNCHED A MOBILE BRANCH CALLED "MOBI" THAT WILL SERVE UNDERSERVED AREAS. MOBI IS NOW PROVIDING BANKING SERVICES TO PAJARO IN MONTEREY COUNTY, WHICH HAS NEVER HAD PERMANENT BANKING SERVICES IN THE AREA. THE CREDIT UNION CONTINUES TO OFFER CONSUMER AND BUSINESS FINANCIAL PRODUCTS, FINANCIAL EDUCATION AND FINANCIAL OPPORTUNITIES, AND IS READY TO SUPPORT LOCAL COMMUNITY MEMBERS TO BE VIABLE AND SELF-SUFFICIENT IN THEIR PERSONAL, FINANCIAL JOURNEYS- WHATEVER THAT MAY BE. SERVICES INCLUDE A VARIETY OF LOW AND NO-FEE CHECKING AND SAVINGS ACCOUNTS, INCLUDING SECOND CHANCE CHECKING, IRA ACCOUNTS AND OTHER SPECIAL SAVINGS ACCOUNTS DESIGNED TO SERVE BOTH MODERATE AND LOW-INCOME COMMUNITY MEMBERS. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1939 0 1 56 1 1 1 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X SYLVIA SANCHEZ CFO 8314602340 55 RIVER STREET SANTA CRUZ CA 95060 ELAINE JOHNSON BOARD CHAIRPERSON 1.00 X 0 0 0 JESSICA LENTH BOARD TREASURER 1.00 X 0 0 0 PAZ PADILLA BOARD SECRETARY 1.00 X 0 0 0 SYLVIA REYES BOARD MEMBER 1.00 X 0 0 0 MATT FARRELL BOARD MEMBER 1.00 X 0 0 0 NED VAN VALKENBURGH BOARD MEMBER 1.00 X 0 0 0 LINDA BROWN SUPV CMTE CHAIRPERSON 1.00 X 0 0 0 SUZANNE MACLEAN SUPV CMTE MEMBER 1.00 X 0 0 0 GWEN RAYBURN SUPV CMTE MEMBER 1.00 X 0 0 0 ELIZABETH CARR CEO 40.00 X 694620 0 40904 SYLVIA O SANCHEZ CFO 40.00 X 237487 0 39027 KATIE FAIRBAIRN CAO/EVP 40.00 X 228366 0 16756 JOSEPH L COFFMAN CTO 40.00 X 211826 0 18331 JANICE A BUNAO CLO 40.00 X 130195 0 7453 EDWARD CROSS CORE APP ARCHITECT 40.00 X 158114 0 2197 DENISE L BOOP ACCOUNTING MANAGER 40.00 X 127679 0 21109 LAURA MONIQUE BROWN OWEN DIRECTOR OF COMMUNITY OUTREACH 40.00 X 127391 0 16243 HOWARD O SMITH VP OF MEMBER SERVICES 40.00 X 123308 0 19114 CHARLOTTE MARIE EGGLESTON DIRECTOR ESERVICES/QUALITY CONTROL 40.00 X 117984 0 19744 2156970 0 200878 12 0 1 0 SLATTER CONSTRUCTION INC 126 FERN STREET SANTA CRUZ CA 95060 BUILDING REMODEL SERVICES 208564 SOUTHWEST STRATEGIC MARKETING 6259 FAIRFAX COURT MAIDEN NC 28650 MARKETING/ ADVERTISING SERVICES 177355 2 INTEREST ON LOANS 522100 9033570 9033570 OTHER OPERATING INCOME 522100 1073366 1073366 FEE INCOME 522100 1042103 1023998 18105 11149039 688630 688630 11837669 11819564 18105 0 42855 3000 2156970 2444514 116315 839091 356480 42134 127500 206554 323922 2404987 75037 776961 25003 1639364 368192 162379 CREDIT LOSS EXPENSE 511501 MISCELLANEOUS OPERATING 264313 LOAN SERVICING EXPENSE 124444 OPERATING FEES 26086 13037602 2606633 2330027 14446326 10980997 18631 448222 465152 12796299 2334972 10778547 10461327 4924372 4119016 148816057 143410324 4128331 4253107 186167119 176019950 5706698 5616724 161734556 152872718 167441254 158489442 X 0 0 0 0 18725865 17530508 18725865 17530508 186167119 176019950 -1199933 4576 0 X X 0 1 X 1 0 1000 1000 1000 1 CCUL - PAC 2855 E GUASTI ROAD SUITE 202 ONTARIO CA 91761 940357265 1000 PART I-A, LINE 1: CONTRIBUTION TO CALIFORNIA CREDIT UNION LEAGUE TO PROMOTE TRADE INFORMATION PERTAINING TO CREDIT UNIONS. 1135953 1135953 3261290 128343 3132947 2513267 796139 1717128 1611308 974565 636743 4274481 435925 3838556 10461327 ALL OTHER INVESTMENTS 780900 F LOANS & LEASES 140068354 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 1365755 C PAID IN CAPITAL AT CORP 445315 C DEPOSITS IN COMMERCIAL BANKS, S&LS, SAVINGS BANKS 750000 C 143410324 MEMBER SHARES & DEPOSITS 147372718 SUBORDINATED DEBT 5500000 152872718 X 11363372 0 11363372 474297 474297 11837669 12563305 0 12563305 474297 474297 13037602 PART X, LINE 2: FASB ASC 740-10-65, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CREDIT UNION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE LIKELY THAN NOT" OF BEING SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS DEEMED TO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD SHOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS, AND ACCORDINGLY, THE CREDIT UNION HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. STATE TAXES, HOWEVER, ARE PAID ON INCOME EARNED BY THE CREDIT UNION IN CALIFORNIA. THE CREDIT UNION IS SUBJECT TO AND PAYS ALL STATE AND CITY TAXES ON GOODS AND SERVICES PURCHASED BY THE CREDIT UNION. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFICATION BETWEEN INTERCHANGE INCOME 474,297. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFICATION BETWEEN INTERCHANGE INCOME 474,297. 1 COMMUNITY ACTION BOARD OF SANTA CRUZ COUNTY INC 406 MAIN STREET 207 WATSONVILLE CA 95076 942523780 501(C)(3) 5000 0 FMV TO PARTNER WITH THE COMMUNITY TO ELIMINATE POVERTY AND CREATE SOCIAL CHANGE THROUGH ADVOCACY AND ESSENTIAL SERVICES. VOLUNTEER CENTERS OF SANTA CRUZ COUNTY 1740 17TH AVE SANTA CRUZ CA 95062 941702678 501(C)(3) 5000 0 FMV TO HELP COORDINATE VOLUNTEERS IN SANTA CRUZ COUNTY. 2 0 X X X X 0 1 0 ELIZABETH CARR CEO 300512 0 15000 0 379108 0 11601 0 29303 0 735524 0 0 0 SYLVIA O SANCHEZ CFO 223349 0 8000 0 6138 0 10275 0 28752 0 276514 0 0 0 KATIE FAIRBAIRN CAO/EVP 206970 0 15000 0 6396 0 13456 0 3300 0 245122 0 0 0 JOSEPH L COFFMAN CTO 187488 0 15000 0 9338 0 10324 0 8007 0 230157 0 0 0 EDWARD CROSS CORE APP ARCHITECT 152614 0 0 0 5500 0 2197 0 0 0 160311 0 0 0 PART I, LINE 4B THE CREDIT UNION HAS A NON-QUALIFIED DEFERRED COMPENSATION PLAN WITH THE PRESIDENT/CEO. THE CREDIT UNION CONTRIBUTES 100% OF THE FUNDS TO THE PLAN. UNDER THE TERMS OF THE PLAN, THE PARTICIPANT IS ENTITLED TO SPECIFIED AMOUNTS IF THEY REMAIN EMPLOYED BY THE CREDIT UNION THROUGH SCHEDULED VESTING DATES. IF THE PARTICIPANT EXPERIENCES A SEPARATION FROM SERVICE AS DEFINED IN THE AGREEMENT, ACCRUED BENEFITS ARE IMMEDIATELY PAYABLE. THE BENEFITS ARE SUBJECT TO FORFEITURE IF EMPLOYMENT IS TERMINATED FOR CAUSE AS DEFINED IN THE AGREEMENT. THE DEFERRED COMPENSATION PAYABLE INCLUDED IN ACCRUED EXPENSES AND OTHER LIABILITIES WAS APPROXIMATELY $52,000 AND $331,000 AS OF DECEMBER 31, 2025 AND 2024, RESPECTIVELY. DEFERRED COMPENSATION EXPENSES, INCLUDED IN COMPENSATION AND BENEFITS NON-INTEREST EXPENSE, WERE APPROXIMATELY $89,000 AND $175,000 FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024, RESPECTIVELY. IN JULY 2025, ELIZABETH CARR, CEO, WAS PAID A BUSINESS OWNED LIFE INSURANCE PAYOUT IN THE AMOUNT OF $366,879.56. FORM 990, PART VI, SECTION A, LINE 6 SANTA CRUZ COMMUNITY CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS, AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. SANTA CRUZ COMMUNITY CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF SANTA CRUZ COMMUNITY 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 OUR 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 OF DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B THE CFO REVIEWS FORM 990 PRIOR TO FILING. SUBSEQUENTLY A COPY OF THE FORM IS DISTRIBUTED TO THE SUPERVISORY COMMITTEE AND BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD AND MANAGEMENT REVIEW, UPDATE AND DISTRIBUTE THE CONFLICT OF INTEREST POLICY TO ALL STAFF AND VOLUNTEERS OF THE ORGANIZATION. THE MOST RECENT POLICY IS REVIEWED AND SIGNED BY ALL STAFF ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES AN INDEPENDENT THIRD PARTY COMPENSATION AND MANAGEMENT PERFORMANCE SYSTEM, HRN - COMPEASE, I-PERFORMEASE SOFTWARE. THE THIRD PARTY VENDOR AND SYSTEM INDEPENDENTLY GATHER CREDIT UNION COMPENSATION DATA BASED ON FIVE OBJECTIVE COMPENSABLE FACTORS AND THE DATA IS INPUT INTO OUR COMPENSATION SYSTEM. THE ANNUAL COMPENSATION DATA IS ALSO SHARED WITH THE BOARD AND ANNUAL COMPENSATION BUDGETS ARE REVIEWED AND AUTHORIZED BY THE BOARD. INTERNALLY, THE PERFORMANCE MANAGEMENT SOFTWARE DETERMINES ONE'S PERFORMANCE AND CORRESPONDING COMPENSATION LEVEL. THE CEO REVIEWS AND APPROVES ALL STAFF AND MANAGEMENT LEVEL COMPENSATION, AND THE BOARD OVERSEES AND AUTHORIZES THE CEO PERFORMANCE MANAGEMENT AND COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 SANTA CRUZ COMMUNITY CREDIT UNION HAS LOBBY SIGNAGE INDICATING THAT OUR GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION A, LINE 1A AND 1B: THE NUMBER OF VOTING MEMBERS OF THE GOVERNING BODY DECREASED BY TWO IN 2025. AS OF 12-31-2025, THERE ARE TWO VACANT SEATS WHICH THE CREDIT UNION IS ACTIVELY LOOKING TO FILL. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.