Form990
Click to see attachment
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Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
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OMB No. 1545-0047
2021
Open to Public Inspection
A For the 2021 calendar year, or tax year beginning 01-01-2021 , and ending 12-31-2021
BCheck if applicable:
CName of organization
THE GOLDEN 1 CREDIT UNION
 
 
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
8945 CAL CENTER DRIVE
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SACRAMENTO, CA95826
D Employer identification number

94-0362025
E Telephone number

G Gross receipts $ 836,161,512
F Name and address of principal officer:
DONNA A BLAND
8945 CAL CENTER DRIVE
SACRAMENTO,CA95826
I
Tax-exempt status: ( 14 ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.GOLDEN1.COM
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. See instructions.
H(c)
Group exemption number MediumBullet  
K Form of organization:  
L Year of formation: 1933
M State of legal domicile: CA
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: THE GOLDEN 1 CREDIT UNION DELIVERS FINANCIAL SOLUTIONS WITH VALUE, CONVENIENCE, AND EXCEPTIONAL SERVICE.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 11
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 10
5 Total number of individuals employed in calendar year 2021 (Part V, line 2a) ...... 5 2,510
6 Total number of volunteers (estimate if necessary) ............. 6 15
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 12,624,859
b Net unrelated business taxable income from Form 990-T, Part I, line 11 ......... 7b 734,164
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 0 0
9 Program service revenue (Part VIII, line 2g) ......... 353,556,280 340,281,782
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 81,241,046 73,405,342
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 94,219,697 111,695,773
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 529,017,023 525,382,897
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 0 0
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 172,519,540 185,453,374
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet0    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 288,721,675 209,003,379
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 461,241,215 394,456,753
19 Revenue less expenses. Subtract line 18 from line 12....... 67,775,808 130,926,144
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 16,310,412,697 18,331,687,285
21 Total liabilities (Part X, line 26)............. 14,674,627,981 16,649,803,970
22 Net assets or fund balances. Subtract line 21 from line 20..... 1,635,784,716 1,681,883,315
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
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Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name MediumBullet

Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2021)
Form 990 (2021)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III..............
1
Briefly describe the organization’s mission: THE GOLDEN 1 CREDIT UNION DELIVERS FINANCIAL SOLUTIONS WITH VALUE, CONVENIENCE, AND EXCEPTIONAL SERVICE TO OUR MEMBERS. THE PURPOSE OF THE CORPORATION IS TO ENGAGE IN CREDIT UNION BUSINESS AND ANY OTHER LAWFUL ACTIVITIES WHICH ARE NOT PROHIBITED TO A CREDIT UNION BY APPLICABLE LAWS OR REGULATIONS.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
GOLDEN 1 OFFERS AN ARRAY OF DEPOSIT PRODUCTS TO OUR MEMBERSHIP, INCLUDING SAVINGS, CHECKING, MONEY MARKET, IRAS AND CERTIFICATES. WHILE EARNING COMPETITIVE DIVIDEND RATES, OUR MEMBERSHIP CAN ACCESS THEIR DEPOSITS THROUGH OUR BRANCH NETWORK, VIA AN ATM, ONLINE OR BY CALLING OUR MEMBER SERVICE CONTACT CENTER.
4b (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
GOLDEN 1 OFFERS AN ARRAY OF COMPETITIVE LOAN OPTIONS TO OUR MEMBERSHIP, INCLUDING NEW AND USED AUTO, FIRST MORTGAGE, HOME EQUITY, CREDIT CARD AND PERSONAL LOANS. GOLDEN 1 STRIVES TO MAINTAIN COMPETITIVE PRICING AND A VARIETY OF LOAN PRODUCTS THAT MEET OUR MEMBER'S BORROWING NEEDS. MEMBERS CAN APPLY FOR LOANS IN A BRANCH, ONLINE, OR AT AN AUTO DEALERSHIP.
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
GOLDEN 1 OFFERS OUR MEMBERS AN ARRAY OF INSURANCE AND INVESTMENT-RELATED PRODUCTS SUCH AS CREDIT LIFE/CREDIT DISABILITY, MECHANICAL BREAKDOWN INSURANCE, GUARANTEED ASSET PROTECTION ANDFINANCIAL CONSULTING.
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet  
Form 990 (2021)
Form 990 (2021)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A.....................
1
 
No
2
Is the organization required to complete Schedule B, Schedule of Contributors? See instructions. ...
2
 
No
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part IClick to see attachment.............
3
Yes
 
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II.........
4
 
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Rev. Proc. 98-19? If "Yes," complete Schedule C, Part IIIClick to see attachment..
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment.........................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment....
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part IIIClick to see attachment..............
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments? If "Yes," complete Schedule D, Part V......
10
 
No
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X, as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D, Part VI. Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XIIClick to see attachment......................
12a
Yes
 
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
 
No
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I. See instructions. ....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....
21
 
No
Form 990 (2021)
Form 990 (2021)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........
22
 
No
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
 
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I ....
25a
 
 
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I.......................
25b
 
 
26
Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part IIClick to see attachment...........
26
Yes
 
27
Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?
If "Yes," complete
Schedule L, Part IIIClick to see attachment.........................
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................Click to see attachment
28a
 
No
b
A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....Click to see attachment
28b
 
No
c
A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV.....................
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .................
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I............
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................
34
 
No
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
 
No
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...
35b
 
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2.............
36
 
 
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI
37
 
No
38
Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable ..
1a
177,937
b
Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
 
 
Form 990 (2021)
Form 990 (2021)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance (continued)
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
2,510
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. See instructions.
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
 
 
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
 
 
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
 
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
 
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the sponsoring organization make any taxable distributions under section 4966?........
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state? .........
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
15
Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see the instructions and file Form 4720, Schedule N.
15
 
No
16
Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.
16
 
No
17
Section 501(c)(21) organizations. Did the trust, any disqualified person, or mine operator engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.
17
 
 
Form 990 (2021)
Form 990 (2021)
Page 6
Part VI
Governance, Management, and Disclosure. For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
11
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
10
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
Yes
 
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
Yes
 
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
Yes
 
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
Yes
 
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
Yes
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe on Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process on Schedule O. See instructions.
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the states with which a copy of this Form 990 is required to be filedMediumBullet
CA
18
Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletALLYSON HILLSVPCFO8945 CAL CENTER DRIVE   SACRAMENTO,CA95826 (916) 732-2900
Form 990 (2021)
Form 990 (2021)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See the instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (box 5 of Form W-2, Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

See the instructions for the order in which to list the persons above.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) JAMES GOMEZ......................................................................
DIRECTOR, CHAIR
 6.00
.................
  		X           0 0 0
(2) KERI L THOMAS......................................................................
DIRECTOR, VICE CHAIR
 6.00
.................
  		X           0 0 0
(3) AEISHA MASTAGNI......................................................................
DIRECTOR, SECRETARY/TREASURER
 6.00
.................
  		X           0 0 0
(4) KEELEY BOSLER......................................................................
DIRECTOR
 6.00
.................
  		X           0 0 0
(5) P CRAIG CORNETT......................................................................
DIRECTOR
 6.00
.................
  		X           0 0 0
(6) TING LAN SUN......................................................................
DIRECTOR
 6.00
.................
  		X           0 0 0
(7) CASSANDRA JENNINGS......................................................................
DIRECTOR
 6.00
.................
  		X           0 0 0
(8) SAMANTHA LUI......................................................................
DIRECTOR
 6.00
.................
  		X           0 0 0
(9) PARIS COLEMAN......................................................................
DIRECTOR
 6.00
.................
  		X           0 0 0
(10) CRAIG BROWN......................................................................
DIRECTOR
 6.00
.................
  		X           0 0 0
(11) DONNA BLAND......................................................................
BOARD DIRECTOR AND PRESIDENT/CEO
 60.00
.................
  		X   X       974,574 0 27,204
(12) RICHARD MUSCI......................................................................
EVP/PRODUCTS AND DELIVERY
 60.00
.................
  		    X       548,602 0 25,764
(13) TOMMY GENESSY......................................................................
EVP/SERVICE OPS, SECURITY, TECHNOLOGY
 60.00
.................
  		    X       545,730 0 26,058
(14) DUSTIN LUTON......................................................................
EVP/FINANCE RISK & ADMINISTRATION
 60.00
.................
  		    X       519,806 0 28,261
(15) ALLYSON HILL......................................................................
SVP-CFO
 60.00
.................
  		    X       387,257 0 18,443
(16) COURTNEY LINN......................................................................
SVP/GENERAL COUNSEL
 60.00
.................
  		    X       370,732 0 22,695
(17) HEATHER ANDRADE-NEUMANN......................................................................
SVP/CHIEF HUMAN RESOURCES OFFICER
 60.00
.................
  		    X       362,773 0 18,850
Form 990 (2021)
Form 990 (2021)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) KATHY FLYNN........................................................................
SVP/SERVICE OPERATIONS
 60.00
.......................   		    X       319,732 0 18,853
(19) JASON LEVINGSTON........................................................................
SVP/CHIEF TECHNOLOGY OFFICER
 60.00
.......................   		    X       315,230 0 31,869
(20) REVATI RAO........................................................................
SVP/CONSUMER LENDING
 60.00
.......................   		    X       310,352 0 19,447
(21) DOUGLAS AGUIAR........................................................................
SVP/CHIEF MARKETING OFFICER
 60.00
.......................   		    X       304,192 0 23,626
(22) STEVEN KNIGHTON........................................................................
SVP/HEAD OF BUSINESS SERVICES
 60.00
.......................   		    X       296,926 0 22,866
(23) ALPHONSO COSBY........................................................................
VP - REGIONAL BR CHAN DELIV
 60.00
.......................   		    X       239,788 0 18,563
(24) HARPAL SIDHU........................................................................
VP - PAYMENT SERVICING OPERATIONS
 50.00
.......................   		      X     273,769 0 24,088
(25) CHAD CARRINGTON........................................................................
VP - SEC TECH INFRA & FACS
 50.00
.......................   		      X     273,364 0 23,801
(26) JENNIFER WARMERDAM-EAKES........................................................................
VP - HOME LOANS
 50.00
.......................   		      X     236,653 0 29,575
(27) WALTER ANASOVITCH........................................................................
VP - COLL & SUBSVCNG OVERSIGHT
 50.00
.......................   		      X     233,606 0 26,210
(28) ERICA TAYLOR........................................................................
VP - COMM AND COMMUNITY RLTNS
 50.00
.......................   		      X     232,602 0 15,983
(29) GRANT SHEAR........................................................................
VP - ACCOUNT SERVICING OPS
 50.00
.......................   		      X     231,747 0 28,079
(30) JOSEPH HARRISON........................................................................
VP - COMPLIANCE OFFICER
 50.00
.......................   		      X     231,542 0 16,290
(31) MOLLYANA MALLINSON........................................................................
VP - ENTERPRISE PROJECT SERVICES
 50.00
.......................   		      X     230,159 0 17,716
(32) CAROLYN PENA........................................................................
VP - IT STRATEGY AND INNOVATION
 50.00
.......................   		      X     227,580 0 21,566
(33) SHANNON AVRETT........................................................................
VP - CONTROLLER
 50.00
.......................   		      X     223,486 0 13,776
(34) RYAN KELLY........................................................................
VP - AUDIT SERVICES
 50.00
.......................   		      X     223,005 0 17,626
(35) JOSEPH NIEHAUS........................................................................
VP - FINANCE
 50.00
.......................   		      X     219,811 0 15,136
(36) KYLE LONG........................................................................
VP - CORPORATE STRATEGY
 50.00
.......................   		      X     217,685 0 16,690
(37) JOLEEN AYERS........................................................................
VP - ENTERPRISE RISK OFFICER
 50.00
.......................   		      X     212,825 0 22,231
(38) JOHN TENNANT........................................................................
VP - MEMBER SVC CONTACT CTR
 50.00
.......................   		      X     204,900 0 20,948
(39) WENDY MICEL........................................................................
VP - CONSUMER LENDING
 50.00
.......................   		      X     202,328 0 14,911
(40) DAVID NOREN........................................................................
VP - REGIONAL BR CHAN DELIV
 50.00
.......................   		      X     200,342 0 14,884
(41) LIXA M ANDERSON........................................................................
VP - ENTERPRISE APPLICATIONS
 50.00
.......................   		      X     198,073 0 29,596
(42) TERRENCE SHELTON........................................................................
VP - LEARNING & DEVELOPMENT
 50.00
.......................   		      X     193,525 0 15,961
(43) WILLIAM WILLIAMS........................................................................
VP - REGIONAL BR CHAN DELIV
 50.00
.......................   		      X     190,265 0 29,573
(44) DEBORAH MERCHAIN........................................................................
HOME LOAN ADVISOR - EXTERNAL
 50.00
.......................   		        X   918,074 0 38,669
(45) KEVIN CAVANAUGH........................................................................
MGR - EXTERNAL HL PRODUCTION
 50.00
.......................   		        X   861,728 0 31,671
(46) ALAN RUSSELL........................................................................
HOME LOAN ADVISOR - EXTERNAL
 50.00
.......................   		        X   833,175 0 36,473
(47) JAMIE MYERS........................................................................
HOME LOAN ADVISOR - EXTERNAL
 50.00
.......................   		        X   833,108 0 17,593
(48) YEN PHAM........................................................................
HOME LOAN ADVISOR - EXTERNAL
 50.00
.......................   		        X   697,717 0 34,182
(49) GREGORY BROWN........................................................................
SVP - HOME LOANS
 50.00
.......................   		          X 276,442 0 14,497
(50) MICHAEL POPP........................................................................
SVP - RETAIL OFFICER
 50.00
.......................   		          X 229,560 0 9,118
(51) TERRI BERTRAND........................................................................
HOME LOAN ADVISOR - EXTERNAL
 50.00
.......................   		          X 476,955 0 26,084
(52) RYAN LITTLE........................................................................
VP - CONSUMER LENDING
 50.00
.......................   		          X 199,386 0 17,905
(53) LAURA BARTHEL........................................................................
DIRECTOR - PROCESS IMPROVEMENT
 50.00
.......................   		          X 147,284 0 12,492
(54) WILLIAM KENITZER........................................................................
MGR - DIGITAL BANKING AND WEB APPLICATIONS
 50.00
.......................   		          X 144,663 0 11,574
(55) KRISTEN BENADOM........................................................................
ASSOCIATE GENERAL COUNSEL
 50.00
.......................   		          X 132,402 0 8,061
(56) PHILLIP DARLING........................................................................
SRMGR - FRAUD AND CARD SERVICING
 50.00
.......................   		          X 109,792 0 12,789
(57) JEFFREY M HOLROYD........................................................................
HOME LOAN ADVISOR - EXTERNAL
 50.00
.......................   		          X 109,603 0 5,542
(58) GUNNAR PYDDE........................................................................
DIRECTOR - EXTERNAL HOME LOANS - SOCAL
 50.00
.......................   		          X 125,887 0 12,841
(59) DELIA ESTRADA........................................................................
COMMUNITY OUTREACH PROG MGR
 50.00
.......................   		          X 124,380 0 22,891
(60) STEVEN RHINES........................................................................
MGR - ENTERPRISE DATA
 50.00
.......................   		          X 123,052 0 13,132
(61) WESLEY MOTSCHMAN........................................................................
MGR - LOSS MTGN & ASSET RECVRY
 50.00
.......................   		          X 117,257 0 14,460
(62) ROBERT BARTER........................................................................
MGR - COMPENSATION
 50.00
.......................   		          X 117,037 0 13,146
(63) ROMMEL RONAN........................................................................
ETL DEVELOPER
 50.00
.......................   		          X 109,075 0 21,871
(64) ISMAEL MACIAS........................................................................
SYSTEMS ENGINEER
 50.00
.......................   		          X 105,906 0 10,472
(65) ROGER MILLER........................................................................
SENIOR SYSTEMS ENGINEER
 50.00
.......................   		          X 105,356 0 13,226
(66) DINA MEKERDICHIAN........................................................................
HOME LOAN ADVISOR - EXTERNAL
 50.00
.......................   		          X 100,638 0 14,557
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)...........MediumBullet 16,951,438 0 1,130,385
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet60
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
SACRAMENTO KINGS LP

500 J STREET 4TH FLOOR
SACRAMENTO,CA95814 		ADVERTISING 4,606,487
DNA BRAND MECHANICS

1301 FIFTH AVENUE SUITE 2600
SEATTLE,WA98101 		ADVERTISING 3,809,661
J-CO GENERAL AND STEEL CONSTRUCTION

16352 S DEL REY
KINGSBURG,CA93631 		CONSTRUCTION 2,874,913
AVTEX SOLUTIONS LLC

PO BOX 856660
MINNEAPOLIS,MN554856660 		INFORMATION TECHNOLOGY SERVICES 1,556,243
ALLIED UNIVERSAL SECURITY SRVCS

PO BOX 31001-2374
PASADENA,CA911102374 		SECURITY SERVICES 1,452,222
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet67
Form 990 (2021)
Form 990 (2021)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, Grants, and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b  
c Fundraising events..1c  
d Related organizations1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and similar amounts not included above1f  
g Noncash contributions included in lines 1a - 1f:$ 1g  
h Total. Add lines 1a-1f.......MediumBullet  
Program Service RevenueAmt Business Code
2a INTEREST INCOME - LOAN 522200 340,281,782 340,281,782    
b
c
d
e
f All other program service revenue.        
g Total. Add lines 2a–2f .....MediumBullet 340,281,782
OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ......MediumBullet 63,864,957 63,864,957    
4 Income from investment of tax-exempt bond proceedsMediumBullet        
5 Royalties...........MediumBullet        
(ii) Personal (i) Real
6a Gross rents     6a
b Less: rental expenses     6b
c Rental income or (loss)     6c
d Net rental income or (loss).......MediumBullet        
(ii) Other (i) Securities
7a Gross amount from sales of assets other than inventory 5,396,000 314,923,000 7a
b Less: cost or other basis and sales expenses 5,401,670 305,376,945 7b
c Gain or (loss) -5,670 9,546,055 7c
d Net gain or (loss).........MediumBullet 9,540,385 9,540,385    
8a Gross income from fundraising events (not including $   of contributions reported on line 1c). See Part IV, line 18 ....
8a  
b Less: direct expenses ... 8b  
c Net income or (loss) from fundraising events..MediumBullet      
9a Gross income from gaming activities.
See Part IV, line 19 ...
9a  
b Less: direct expenses ... 9b  
c Net income or (loss) from gaming activities..MediumBullet        
10a Gross sales of inventory, less
returns and allowances ..
10a  
b Less: cost of goods sold .. 10b  
c Net income or (loss) from sales of inventory..MediumBullet        
Business Code Miscellaneous Revenue
11a CHECKING ACCOUNTS FEE 522100 29,374,353 29,374,353    
b DEBIT CARD INCOME 522100 28,286,096 28,286,096    
c STAR NETWORK FEE INCOM 522100 22,882,300 22,882,300    
d All other revenue .... 31,153,024 18,528,165 12,624,859  
e Total. Add lines 11a–11d ...... MediumBullet 111,695,773
12 Total revenue. See instructions.....MediumBullet 525,382,897 512,758,038 12,624,859 0
Form 990 (2021)
Form 990 (2021)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising
expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....    
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ...........    
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............    
4 Benefits paid to or for members .......    
5 Compensation of current officers, directors, trustees, and key employees ........... 18,081,823      
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........        
7 Other salaries and wages........ 125,365,063      
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 12,179,185      
9 Other employee benefits ....... 18,907,614      
10 Payroll taxes ........... 10,919,689      
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 1,425,108      
c Accounting ........... 715,460      
d Lobbying ...........        
e Professional fundraising services. See Part IV, line 17    
f Investment management fees ......        
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 7,455,972      
12 Advertising and promotion .... 14,559,084      
13 Office expenses ....... 16,456,921      
14 Information technology ...... 17,180,375      
15 Royalties ..        
16 Occupancy ........... 19,091,024      
17 Travel ............ 321,896      
18 Payments of travel or entertainment expenses for any federal, state, or local public officials .        
19 Conferences, conventions, and meetings .... 384,001      
20 Interest ........... 1,988,836      
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization .. 24,373,388      
23 Insurance ... 743,733      
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a DISBURSEMENTS TO MEMBER 38,506,829      
b PRODUCT SERVICES 27,304,118      
c ATM EXPENSES 23,555,940      
d OPERATIONS EXPENSE 5,470,586      
e All other expenses 9,470,108      
25 Total functional expenses. Add lines 1 through 24e 394,456,753      
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2021)
Form 990 (2021)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........ 128,312,167 1 146,952,057
2 Savings and temporary cash investments .........   2  
3 Pledges and grants receivable, net ......   3  
4 Accounts receivable, net ............. 1,534,478,664 4 1,527,226,544
5 Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
16,611,457 5 16,971,887
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
  6  
7 Notes and loans receivable, net ........... 8,949,753,501 7 9,344,239,107
8 Inventories for sale or use ............   8  
9 Prepaid expenses and deferred charges ......   9  
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 214,984,592
b Less: accumulated depreciation 10b 132,550,901 85,817,318 10c 82,433,691
11 Investments—publicly traded securities .   11  
12 Investments—other securities. See Part IV, line 11 ..... 4,715,514,318 12 6,455,065,954
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets ...............   14  
15 Other assets. See Part IV, line 11 ........... 879,925,272 15 758,798,045
16 Total assets. Add lines 1 through 15 (must equal line 33)... 16,310,412,697 16 18,331,687,285
Liabilities 17 Accounts payable and accrued expenses ..... 4,396,713 17 2,769,767
18 Grants payable ...   18  
19 Deferred revenue .........   19  
20 Tax-exempt bond liabilities .........   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D   21  
22 Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
  22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties ..   24  
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D 14,670,231,268 25 16,647,034,203
26 Total liabilities. Add lines 17 through 25.. 14,674,627,981 26 16,649,803,970
Net Assets or Fund Balance Organizations that follow FASB ASC 958, check here MediumBullet and complete lines 27, 28, 32, and 33.
27 Net assets without donor restrictions ..........   27  
28 Net assets with donor restrictions ...........   28  
Organizations that do not follow FASB ASC 958, check here MediumBullet and complete lines 29 through 33.
29 Capital stock or trust principal, or current funds ..... 0 29 0
30 Paid-in or capital surplus, or land, building or equipment fund ... 0 30 0
31 Retained earnings, endowment, accumulated income, or other funds 1,635,784,716 31 1,681,883,315
32 Total net assets or fund balances ........... 1,635,784,716 32 1,681,883,315
33 Total liabilities and net assets/fund balances ........ 16,310,412,697 33 18,331,687,285
Form 990 (2021)
Form 990 (2021)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
525,382,897
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
394,456,753
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
130,926,144
4
Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..
4
1,635,784,716
5
Net unrealized gains (losses) on investments ...............
5
 
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
-84,827,545
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))
10
1,681,883,315
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII.............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
 
No
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
 
 
Form 990 (2021)
Form 990 (2021)
Additional Data


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Form 990, Special Condition Description:
Special Condition Description
SCHEDULE C
(Form 990)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527

SchCMd Bullet Complete if the organization is described below. SchCMd Bullet Attach to Form 990 or Form 990-EZ.
SchCMd BulletGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public
Inspection
If the organization answered "Yes" on Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" on Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" on Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
THE GOLDEN 1 CREDIT UNION
 
Employer identification number

94-0362025
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV. See instructions for definition of “political campaign activities."

2
Political campaign activity expenditures. See instructions ....................................................................SchCMd Bullet
$ 9,500
3
Volunteer hours for political campaign activities. See instructions ..................................................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 ................................SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 .......................SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................
4a
Was a correction made? ......................................................................................................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c), except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................SchCMd Bullet

$ 9,500
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b...........SchCMd Bullet

$ 9,500
4
Did the filing organization file Form 1120-POL for this year? ...................................................................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
(1) CA CREDIT UNION
  		9500 CLEVELAND AVE SUITE 200
RANCHO CUCAMONGA,CA91730 		94-2329967 9,500  
2
3
4
5
6
For Paperwork Reduction Act Notice, see the instructions for Form 990.
Cat. No. 50084S
Schedule C (Form 990) 2021

Schedule C (Form 990) 2021
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check SchCMd Bulletexpenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................    
b Total lobbying expenditures to influence a legislative body (direct lobbying) ........................    
c Total lobbying expenditures (add lines 1a and 1b) ............................................................    
d Other exempt purpose expenditures ...............................................................................    
e Total exempt purpose expenditures (add lines 1c and 1d) ..................................................    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
Not over $500,00020% of the amount on line 1e.
Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
Over $17,000,000$1,000,000.
g Grassroots nontaxable amount (enter 25% of line 1f) .................................................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ...................................................................................................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
Calendar year (or fiscal year
beginning in) 		(a) 2018 (b) 2019 (c) 2020 (d) 2021 (e) Total
2a Lobbying nontaxable amount          
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		 
c Total lobbying expenditures          
d Grassroots nontaxable amount          
e Grassroots ceiling amount
(150% of line 2d, column (e))		  
f Grassroots lobbying expenditures          
Schedule C (Form 990) 2021


Schedule C (Form 990) 2021
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each "Yes" response on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
Yes|No
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? ...........................................................................................................
 
 
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........
 
 
c
Media advertisements? ...................................................................................................
 
 
 
d
Mailings to members, legislators, or the public? .............................................................................
 
 
 
e
Publications, or published or broadcast statements? ...........................................................
 
 
 
f
Grants to other organizations for lobbying purposes? ..........................................................
 
 
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? .......................
 
 
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................
 
 
 
i
Other activities? ...................................................................................................................
 
 
 
j
Total. Add lines 1c through 1i ....................................................................................................
 
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
 
b
If "Yes," enter the amount of any tax incurred under section 4912 ...........................................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ........................
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ...............................................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."
1
Dues, assessments and similar amounts from members ......................................................................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).
a
Current year .............................................................................................................................
2a
 
b
Carryover from last year ............................................................................................................
2b
 
c
Total ...........................................................................................................................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ......................................................................................................................
4
 
5
Taxable amount of lobbying and political expenditures. See Instructions .........................................
5
 
Part IV
Supplemental Information
Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.
Return Reference Explanation
PART I-A, LINE 1: FORM 990 SCHEDULE C, PART 1-A, LINE 1 THE GOLDEN 1 CREDIT UNION CONTRIBUTED TO THE CALIFORNIA CREDIT UNION LEAGUE POLITICAL ACTION COMMITTEE (PAC) DURING 2021.
Schedule C (Form 990) 2021


Additional Data


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SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet Attach to Form 990.
SchDMd Bullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
Name of the organization
THE GOLDEN 1 CREDIT UNION
 
Employer identification number

94-0362025
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ...................... 2a  
b Total acreage restricted by conservation easements .................... 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included on Form 990, Part VIII, line 1 .........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2021

Schedule D (Form 990) 2021
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....
Part V
Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back
1a Beginning of year balance ....          
b Contributions ...          
c Net investment earnings, gains, and losses          
d Grants or scholarships ...          
e Other expenditures for facilities
and programs ... 		         
f Administrative expenses ....          
g End of year balance ......          
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet  
c
Term endowment SchDMd Bullet  
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) Unrelated organizations .................
3a(i)
 
 
(ii) Related organizations .................
3a(ii)
 
 
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment) 		(b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land ..... 7,947,134   7,947,134
b Buildings .... 59,817,600   27,884,413 31,933,187
c Leasehold improvements        
d Equipment .... 147,219,858   104,666,488 42,553,370
e Other .....        
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..SchDMdBullet 82,433,691
Schedule D (Form 990) 2021

Schedule D (Form 990) 2021
Page 3
Part VII
Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1) Financial derivatives.........    
(2) Closely-held equity interests........    
(3) Other
(A) US GOVERNMENT AGENCY OBL.-AFS		 5,787,666,148 F

(B) US GOVERNMENT AGENCY OBL.-HTM		 617,293,310 C

(C) INVESTMENT SECURITIES, OTHER		 50,106,496 F
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 6,455,065,954
Part VIII
Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes  
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 16,647,034,203
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2021

Schedule D (Form 990) 2021
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1 527,668,862
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a 2,285,965
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d ..................... 2e 2,285,965
3 Subtract line 2e from line 1.................. 3 525,382,897
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b.................... 4c 0
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 525,382,897
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1 394,456,753
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a  
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d.................... 2e 0
3 Subtract line 2e from line 1................... 3 394,456,753
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ............ 4b  
c Add lines 4a and 4b..................... 4c 0
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 394,456,753
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
PART X, LINE 2: ASC TOPIC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT DISCLOSURE OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. RECOGNITION OF A TAX POSITION IS DETERMINED WHEN IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES. A TAX POSITION THAT MEETS THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD IS MEASURED AT THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH A TAXING AUTHORITY. THE CREDIT UNION DID NOT HAVE ANY UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2021 AND 2020.
Schedule D (Form 990) 2021


Additional Data


Software ID:  
Software Version:  




Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet Attach to Form 990.
SchJMediumBullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
Name of the organization
THE GOLDEN 1 CREDIT UNION
 
Employer identification number

94-0362025
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? .............
4a
Yes
 
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ....................
5a
 
 
b
Any related organization? .......................
5b
 
 
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ..................
6a
 
 
b
Any related organization? ......................
6b
 
 
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
 
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................
8
 
 
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2021

Schedule J (Form 990) 2021
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation in column (B) reported as deferred on prior Form 990
(i) Base
compensation 		(ii) Bonus & incentive
compensation 		(iii) Other reportable compensation
1DONNA BLAND
BOARD DIRECTOR AND PRESIDENT/CEO 		(i)

(ii)		 682,059
-------------
0 		207,350
-------------
0 		85,165
-------------
0 		17,400
-------------
0 		9,804
-------------
0 		1,001,778
-------------
0 		0
-------------
0
2DEBORAH MERCHAIN
HOME LOAN ADVISOR - EXTERNAL 		(i)

(ii)		 10,179
-------------
0 		877,323
-------------
0 		30,572
-------------
0 		17,400
-------------
0 		21,269
-------------
0 		956,743
-------------
0 		0
-------------
0
3KEVIN CAVANAUGH
MGR - EXTERNAL HL PRODUCTION 		(i)

(ii)		 30,904
-------------
0 		800,750
-------------
0 		30,074
-------------
0 		17,400
-------------
0 		14,271
-------------
0 		893,399
-------------
0 		0
-------------
0
4ALAN RUSSELL
HOME LOAN ADVISOR - EXTERNAL 		(i)

(ii)		 66,983
-------------
0 		737,816
-------------
0 		28,376
-------------
0 		17,400
-------------
0 		19,073
-------------
0 		869,648
-------------
0 		0
-------------
0
5JAMIE MYERS
HOME LOAN ADVISOR - EXTERNAL 		(i)

(ii)		 20,747
-------------
0 		792,776
-------------
0 		19,585
-------------
0 		17,400
-------------
0 		193
-------------
0 		850,701
-------------
0 		0
-------------
0
6YEN PHAM
HOME LOAN ADVISOR - EXTERNAL 		(i)

(ii)		 9,896
-------------
0 		667,676
-------------
0 		20,145
-------------
0 		17,400
-------------
0 		16,782
-------------
0 		731,899
-------------
0 		0
-------------
0
7RICHARD MUSCI
EVP/PRODUCTS AND DELIVERY 		(i)

(ii)		 347,852
-------------
0 		125,396
-------------
0 		75,354
-------------
0 		17,400
-------------
0 		8,364
-------------
0 		574,366
-------------
0 		0
-------------
0
8TOMMY GENESSY
EVP/SERVICE OPS, SECURITY, TECHNOLOG 		(i)

(ii)		 349,266
-------------
0 		125,391
-------------
0 		71,073
-------------
0 		17,400
-------------
0 		8,658
-------------
0 		571,788
-------------
0 		0
-------------
0
9DUSTIN LUTON
EVP/FINANCE RISK & ADMINISTRATION 		(i)

(ii)		 346,852
-------------
0 		125,257
-------------
0 		47,697
-------------
0 		17,400
-------------
0 		10,861
-------------
0 		548,067
-------------
0 		0
-------------
0
10TERRI BERTRAND
HOME LOAN ADVISOR - EXTERNAL 		(i)

(ii)		 15,506
-------------
0 		429,529
-------------
0 		31,920
-------------
0 		17,400
-------------
0 		8,684
-------------
0 		503,039
-------------
0 		0
-------------
0
11ALLYSON HILL
SVP-CFO 		(i)

(ii)		 267,361
-------------
0 		62,455
-------------
0 		57,441
-------------
0 		17,400
-------------
0 		1,043
-------------
0 		405,700
-------------
0 		0
-------------
0
12COURTNEY LINN
SVP/GENERAL COUNSEL 		(i)

(ii)		 259,422
-------------
0 		62,867
-------------
0 		48,443
-------------
0 		17,400
-------------
0 		5,295
-------------
0 		393,427
-------------
0 		0
-------------
0
13HEATHER ANDRADE-NEUMANN
SVP/CHIEF HUMAN RESOURCES OFFICER 		(i)

(ii)		 245,328
-------------
0 		59,338
-------------
0 		58,107
-------------
0 		17,400
-------------
0 		1,450
-------------
0 		381,623
-------------
0 		0
-------------
0
14JASON LEVINGSTON
SVP/CHIEF TECHNOLOGY OFFICER 		(i)

(ii)		 251,998
-------------
0 		23,260
-------------
0 		39,972
-------------
0 		17,400
-------------
0 		14,469
-------------
0 		347,099
-------------
0 		0
-------------
0
15KATHY FLYNN
SVP/SERVICE OPERATIONS 		(i)

(ii)		 245,948
-------------
0 		54,418
-------------
0 		19,366
-------------
0 		17,100
-------------
0 		1,753
-------------
0 		338,585
-------------
0 		0
-------------
0
16REVATI RAO
SVP/CONSUMER LENDING 		(i)

(ii)		 266,376
-------------
0 		23,558
-------------
0 		20,418
-------------
0 		17,400
-------------
0 		2,047
-------------
0 		329,799
-------------
0 		0
-------------
0
17DOUGLAS AGUIAR
SVP/CHIEF MARKETING OFFICER 		(i)

(ii)		 203,733
-------------
0 		55,343
-------------
0 		45,116
-------------
0 		17,400
-------------
0 		6,226
-------------
0 		327,818
-------------
0 		0
-------------
0
18STEVEN KNIGHTON
SVP/HEAD OF BUSINESS SERVICES 		(i)

(ii)		 226,441
-------------
0 		23,100
-------------
0 		47,385
-------------
0 		17,400
-------------
0 		5,466
-------------
0 		319,792
-------------
0 		0
-------------
0
19HARPAL SIDHU
VP - PAYMENT SERVICING OPERATIONS 		(i)

(ii)		 198,438
-------------
0 		41,954
-------------
0 		33,377
-------------
0 		16,166
-------------
0 		7,922
-------------
0 		297,857
-------------
0 		0
-------------
0
20CHAD CARRINGTON
VP - SEC TECH INFRA & FACS 		(i)

(ii)		 195,120
-------------
0 		42,687
-------------
0 		35,557
-------------
0 		16,289
-------------
0 		7,512
-------------
0 		297,165
-------------
0 		0
-------------
0
21GREGORY BROWN
SVP - HOME LOANS 		(i)

(ii)		 193,777
-------------
0 		68,869
-------------
0 		13,796
-------------
0 		7,818
-------------
0 		6,679
-------------
0 		290,939
-------------
0 		0
-------------
0
22JENNIFER WARMERDAM-EAKES
VP - HOME LOANS 		(i)

(ii)		 185,462
-------------
0 		38,439
-------------
0 		12,752
-------------
0 		14,801
-------------
0 		14,774
-------------
0 		266,228
-------------
0 		0
-------------
0
23GRANT SHEAR
VP - ACCOUNT SERVICING OPS 		(i)

(ii)		 173,588
-------------
0 		37,288
-------------
0 		20,871
-------------
0 		13,303
-------------
0 		14,776
-------------
0 		259,826
-------------
0 		0
-------------
0
24WALTER ANASOVITCH
VP - COLL & SUBSVCNG OVERSIGHT 		(i)

(ii)		 169,570
-------------
0 		35,381
-------------
0 		28,655
-------------
0 		14,620
-------------
0 		11,590
-------------
0 		259,816
-------------
0 		0
-------------
0
25ALPHONSO COSBY
VP - REGIONAL BR CHAN DELIV 		(i)

(ii)		 196,155
-------------
0 		31,170
-------------
0 		12,463
-------------
0 		13,955
-------------
0 		4,608
-------------
0 		258,351
-------------
0 		0
-------------
0
26CAROLYN PENA
VP - IT STRATEGY AND INNOVATION 		(i)

(ii)		 171,303
-------------
0 		36,175
-------------
0 		20,102
-------------
0 		14,546
-------------
0 		7,020
-------------
0 		249,146
-------------
0 		0
-------------
0
27ERICA TAYLOR
VP - COMM AND COMMUNITY RLTNS 		(i)

(ii)		 182,214
-------------
0 		31,168
-------------
0 		19,220
-------------
0 		13,952
-------------
0 		2,031
-------------
0 		248,585
-------------
0 		0
-------------
0
28MOLLYANA MALLINSON
VP - ENTERPRISE PROJECT SERVICES 		(i)

(ii)		 155,641
-------------
0 		35,145
-------------
0 		39,373
-------------
0 		14,191
-------------
0 		3,525
-------------
0 		247,875
-------------
0 		0
-------------
0
29JOSEPH HARRISON
VP - COMPLIANCE OFFICER 		(i)

(ii)		 178,250
-------------
0 		34,621
-------------
0 		18,671
-------------
0 		14,307
-------------
0 		1,983
-------------
0 		247,832
-------------
0 		0
-------------
0
30RYAN KELLY
VP - AUDIT SERVICES 		(i)

(ii)		 175,406
-------------
0 		35,495
-------------
0 		12,104
-------------
0 		14,032
-------------
0 		3,594
-------------
0 		240,631
-------------
0 		0
-------------
0
31MICHAEL POPP
SVP - RETAIL OFFICER 		(i)

(ii)		 166,902
-------------
0 		53,616
-------------
0 		9,042
-------------
0 		6,601
-------------
0 		2,517
-------------
0 		238,678
-------------
0 		0
-------------
0
32SHANNON AVRETT
VP - CONTROLLER 		(i)

(ii)		 176,857
-------------
0 		34,304
-------------
0 		12,325
-------------
0 		13,213
-------------
0 		563
-------------
0 		237,262
-------------
0 		0
-------------
0
33JOLEEN AYERS
VP - ENTERPRISE RISK OFFICER 		(i)

(ii)		 162,149
-------------
0 		34,455
-------------
0 		16,221
-------------
0 		13,579
-------------
0 		8,652
-------------
0 		235,056
-------------
0 		0
-------------
0
34JOSEPH NIEHAUS
VP - FINANCE 		(i)

(ii)		 162,215
-------------
0 		38,002
-------------
0 		19,594
-------------
0 		14,011
-------------
0 		1,125
-------------
0 		234,947
-------------
0 		0
-------------
0
35KYLE LONG
VP - CORPORATE STRATEGY 		(i)

(ii)		 161,401
-------------
0 		36,450
-------------
0 		19,834
-------------
0 		13,501
-------------
0 		3,189
-------------
0 		234,375
-------------
0 		0
-------------
0
36LIXA M ANDERSON
VP - ENTERPRISE APPLICATIONS 		(i)

(ii)		 191,414
-------------
0 		0
-------------
0 		6,659
-------------
0 		12,240
-------------
0 		17,356
-------------
0 		227,669
-------------
0 		0
-------------
0
37JOHN TENNANT
VP - MEMBER SVC CONTACT CTR 		(i)

(ii)		 144,003
-------------
0 		32,745
-------------
0 		28,152
-------------
0 		12,905
-------------
0 		8,043
-------------
0 		225,848
-------------
0 		0
-------------
0
38WILLIAM WILLIAMS
VP - REGIONAL BR CHAN DELIV 		(i)

(ii)		 140,409
-------------
0 		31,191
-------------
0 		18,665
-------------
0 		12,157
-------------
0 		17,416
-------------
0 		219,838
-------------
0 		0
-------------
0
39RYAN LITTLE
VP - CONSUMER LENDING 		(i)

(ii)		 152,732
-------------
0 		38,373
-------------
0 		8,281
-------------
0 		11,928
-------------
0 		5,977
-------------
0 		217,291
-------------
0 		0
-------------
0
40WENDY MICEL
VP - CONSUMER LENDING 		(i)

(ii)		 152,042
-------------
0 		28,214
-------------
0 		22,072
-------------
0 		12,148
-------------
0 		2,763
-------------
0 		217,239
-------------
0 		0
-------------
0
41DAVID NOREN
VP - REGIONAL BR CHAN DELIV 		(i)

(ii)		 122,500
-------------
0 		31,155
-------------
0 		46,687
-------------
0 		12,155
-------------
0 		2,729
-------------
0 		215,226
-------------
0 		0
-------------
0
42TERRENCE SHELTON
VP - LEARNING & DEVELOPMENT 		(i)

(ii)		 157,679
-------------
0 		29,379
-------------
0 		6,467
-------------
0 		12,047
-------------
0 		3,914
-------------
0 		209,486
-------------
0 		0
-------------
0
43LAURA BARTHEL
DIRECTOR - PROCESS IMPROVEMENT 		(i)

(ii)		 129,457
-------------
0 		13,332
-------------
0 		4,495
-------------
0 		7,948
-------------
0 		4,544
-------------
0 		159,776
-------------
0 		0
-------------
0
44WILLIAM KENITZER
MGR - DIGITAL BANKING AND WEB APPLIC 		(i)

(ii)		 117,287
-------------
0 		10,870
-------------
0 		16,506
-------------
0 		8,136
-------------
0 		3,438
-------------
0 		156,237
-------------
0 		0
-------------
0
45DELIA ESTRADA
COMMUNITY OUTREACH PROG MGR 		(i)

(ii)		 109,798
-------------
0 		5,222
-------------
0 		9,360
-------------
0 		6,887
-------------
0 		16,004
-------------
0 		147,271
-------------
0 		0
-------------
0
46KRISTEN BENADOM
ASSOCIATE GENERAL COUNSEL 		(i)

(ii)		 109,533
-------------
0 		12,750
-------------
0 		10,119
-------------
0 		7,062
-------------
0 		999
-------------
0 		140,463
-------------
0 		0
-------------
0
47GUNNAR PYDDE
DIRECTOR - EXTERNAL HOME LOANS - SOC 		(i)

(ii)		 76,852
-------------
0 		37,021
-------------
0 		12,014
-------------
0 		6,900
-------------
0 		5,941
-------------
0 		138,728
-------------
0 		0
-------------
0
48STEVEN RHINES
MGR - ENTERPRISE DATA 		(i)

(ii)		 107,752
-------------
0 		11,687
-------------
0 		3,613
-------------
0 		6,355
-------------
0 		6,777
-------------
0 		136,184
-------------
0 		0
-------------
0
49WESLEY MOTSCHMAN
MGR - LOSS MTGN & ASSET RECVRY 		(i)

(ii)		 96,163
-------------
0 		7,230
-------------
0 		13,864
-------------
0 		6,835
-------------
0 		7,625
-------------
0 		131,717
-------------
0 		0
-------------
0
50ROMMEL RONAN
ETL DEVELOPER 		(i)

(ii)		 83,024
-------------
0 		3,720
-------------
0 		22,331
-------------
0 		6,581
-------------
0 		15,290
-------------
0 		130,946
-------------
0 		0
-------------
0
51ROBERT BARTER
MGR - COMPENSATION 		(i)

(ii)		 84,611
-------------
0 		12,201
-------------
0 		20,225
-------------
0 		6,598
-------------
0 		6,548
-------------
0 		130,183
-------------
0 		0
-------------
0
52PHILLIP DARLING
SRMGR - FRAUD AND CARD SERVICING 		(i)

(ii)		 88,252
-------------
0 		14,951
-------------
0 		6,589
-------------
0 		6,275
-------------
0 		6,514
-------------
0 		122,581
-------------
0 		0
-------------
0
53ROGER MILLER
SENIOR SYSTEMS ENGINEER 		(i)

(ii)		 89,462
-------------
0 		6,154
-------------
0 		9,740
-------------
0 		6,018
-------------
0 		7,208
-------------
0 		118,582
-------------
0 		0
-------------
0
54ISMAEL MACIAS
SYSTEMS ENGINEER 		(i)

(ii)		 79,046
-------------
0 		6,868
-------------
0 		19,992
-------------
0 		5,660
-------------
0 		4,812
-------------
0 		116,378
-------------
0 		0
-------------
0
55DINA MEKERDICHIAN
HOME LOAN ADVISOR - EXTERNAL 		(i)

(ii)		 17,317
-------------
0 		81,651
-------------
0 		1,670
-------------
0 		4,524
-------------
0 		10,033
-------------
0 		115,195
-------------
0 		0
-------------
0
56JEFFREY M HOLROYD
HOME LOAN ADVISOR - EXTERNAL 		(i)

(ii)		 5,999
-------------
0 		102,446
-------------
0 		1,158
-------------
0 		2,481
-------------
0 		3,061
-------------
0 		115,145
-------------
0 		0
-------------
0
Schedule J (Form 990) 2021

Schedule J (Form 990) 2021
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference Explanation
FORM 990, SCHEDULE J, PART I, LINE 1A THE CREDIT UNION WILL REIMBURSE A DIRECTOR FOR REASONABLE ACTUAL EXPENSES INCURRED IN CONNECTION WITH ATTENDING APPROVED CONFERENCES, SEMINARS, AND OTHER BUSINESS FUNCTIONS. REIMBURSEMENT MAY INCLUDE EXPENSES FOR ONE IMMEDIATE FAMILY MEMBER TO FACILITATE TRAVEL TO AND FROM SUCH EVENT PER GOLDEN 1'S BOARD TRAVEL POLICY. FORM 990, SCHEDULE J, PART I, LINE 4A TWO PREVIOUS SENIOR VICE PRESIDENTS RECEIVED SEVERANCE PAYMENTS DURING 2021. FORM 990, SCHEDULE J, PART I, LINE 4B DONNA BLAND, PRESIDENT AND CEO, AND THE THREE EXECUTIVE VICE PRESIDENTS PARTICIPATE IN A SPLIT DOLLAR LIFE INSURANCE PLAN AS APPROVED BY THE BOARD OF DIRECTORS.
Schedule J (Form 990) 2021

Additional Data


Software ID:  
Software Version:  
Schedule L
(Form 990)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ.
MediumBulletGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
Name of the organization
THE GOLDEN 1 CREDIT UNION
 
Employer identification number

94-0362025
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No
2
Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e) Original principal amount (f) Balance due (g) In default? (h) Approved by board or committee? (i) Written agreement?
To From Yes No Yes No Yes No
(1) DONNA BLAND CEO SPLIT DOLLAR LOAN   X 6,752,218 7,493,515   No Yes   Yes  
(2) RICHARD MUSCI EVP SPLIT DOLLAR LOAN   X 1,933,000 2,130,974   No Yes   Yes  
(3) TOM GENESSY EVP SPLIT DOLLAR LOAN   X 3,860,500 4,252,249   No Yes   Yes  
(4) DUSTIN LUTON EVP SPLIT DOLLAR LOAN   X 2,810,000 3,095,149   No Yes   Yes  
Total ...............Small Bullet $ 16,971,887
Part III
Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990) 2021
Schedule L (Form 990) 2021
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
Schedule L (Form 990) 2021


Additional Data


Software ID:  
Software Version:  




SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2021
Open to Public
Inspection
Name of the organization
THE GOLDEN 1 CREDIT UNION
 
Employer identification number

94-0362025
Return Reference Explanation
FORM 990, PART IV, LINE 26 LOANS FROM THE CREDIT UNION TO INTERESTED PERSONS WERE MADE ON THE SAME TERMS AS OFFERED TO OTHER MEMBERS OF THE CREDIT UNION.
FORM 990, PART VI, SECTION A, LINE 6 THE GOLDEN 1 CREDIT UNION PROVIDES FINANCIAL SERVICES FOR ITS REGULATORY-PERMISSIBLE FIELD OF MEMBERSHIP.
FORM 990, PART VI, SECTION A, LINE 7A THE GOLDEN 1 CREDIT UNION MEMBERS HAVE THE RIGHT TO VOTE FOR THE ELECTION OF DIRECTORS. THE GOLDEN 1 HAS ONE CLASS OF MEMBERS THAT SHALL BE RESTRICTED TO THE PERSONS AND ORGANIZATIONS HAVING SPECIFIC AFFILIATIONS OR IDENTIFYING CHARACTERISTICS ESTABLISHED BY THE BOARD OF DIRECTORS IN OUR FIELD OF MEMBERSHIP. THE GOLDEN 1'S FIELD OF MEMBERSHIP INCLUDES PERSONS WHO LIVE AND/OR REGULARLY WORK IN ONE OF OUR REGULATORY-PERMISSIBLE COMMUNITY CHARTER COUNTIES AND EMPLOYEES AND IMMEDIATE FAMILY MEMBERS OF OUR REGULATORY-PERMISSIBLE ORGANIZATIONS.
FORM 990, PART VI, SECTION A, LINE 7B THE GOLDEN 1 CREDIT UNION MEMBERS, BY A TWO-THIRDS (2/3) VOTE, SHALL HAVE THE POWER TO REVIEW THE ACTS AND REVERSE THE DECISIONS OF THE BOARD OF DIRECTORS OF THIS CREDIT UNION.
FORM 990, PART VI, SECTION B, LINE 11B A COMMITTEE OF THE GOLDEN 1 BOARD OF DIRECTORS WAS DESIGNATED TO REVIEW THE FORM 990, IN ADVANCE OF THE OCTOBER 27, 2022 GOLDEN 1 BOARD MEETING. THE COMMITTEE OF BOARD MEMBERS APPROVED THE 2021 FORM 990 ON OCTOBER 19, 2022. COPIES OF THE 2021 FORM 990 WERE PROVIDED TO THE FULL GOLDEN 1 BOARD IN ADVANCE OF THE FILING.
FORM 990, PART VI, SECTION B, LINE 12C IN ACCORDANCE WITH BOARD POLICY, THE GOLDEN 1 REQUIRES ALL ELECTED OFFICIALS, COMMITTEE MEMBERS, OFFICERS, MANAGERS AND OTHER KEY EMPLOYEES DESIGNATED BY THE CHIEF EXECUTIVE OFFICE TO RECEIVE, COMPLETE, AND SIGN AN ANNUAL STATEMENT OF DISCLOSURE FORM. THE STATEMENT OF DISCLOSURE ASKS A SERIES OF QUESTIONS PERTAINING TO POTENTIAL CONFLICTS OF INTEREST. THE GOLDEN 1 ADMINISTRATION DEPARTMENT COORDINATES THE DISTRIBUTION, COLLECTION AND EXCEPTION REVIEW OF THE COMPLETED STATEMENTS. GOLDEN 1'S INTERNAL AUDIT DEPARTMENT PERFORMS AN ANNUAL AUDIT OF THE STATEMENT OF DISCLOSURES TO ENSURE COMPLIANCE WITH BOARD POLICY, TIMELINESS OF THE PROCESS AND APPROPRIATE REVIEW OF COMPLETED STATEMENTS. ON AN ANNUAL BASIS, THE BOARD ALSO REVIEWS AND APPROVES THE RELATED BOARD POLICY AND STATEMENT OF DISCLOSURE FORM.
FORM 990, PART VI, SECTION B, LINE 15 OFFICERS OF THE GOLDEN 1 CREDIT UNION INCLUDE THE CHIEF EXECUTIVE OFFICER (CEO), EXECUTIVE VICE PRESIDENT (EVPS), AND SENIOR VICE PRESIDENTS (SVPS). THE COMPENSATION REVIEW PROCESS FOR OFFICERS IS AS FOLLOWS: CEO COMPENSATION: A COMMITTEE CONSISTING OF FOUR MEMBERS FROM THE BOARD OF DIRECTORS (CALLED THE CEO COMPENSATION COMMITTEE) IS FORMED EACH YEAR TO REVIEW CEO COMPENSATION. THE CHAIRMAN OF THIS COMMITTEE DIRECTS THE SVP/CHIEF HUMAN RESOURCES OFFICER TO PROVIDE PAY TREND INFORMATION FOR REVIEW AND CONSIDERATION TAKING INTO CONSIDERATION ASSET SIZE, BUSINESS SCOPE, AND OVERALL COMPLEXITY OF THE OPERATIONS. SIMILAR INDUSTRY AND BANKING SURVEYS ARE USED FOR COMPARISON PURPOSES. THE RESULTS, WHICH ARE PROVIDED TO THE COMMITTEE, COMPARES BENCHMARK BASE PAY, INCENTIVE PAY, AND TOTAL COMPENSATION TO GOLDEN 1'S CURRENT CEO COMPENSATION PACKAGE. AFTER REVIEW AND CONSIDERATION, THE COMMITTEE PROVIDES A RECOMMENDATION TO THE FULL BOARD OF DIRECTORS FOR APPROVAL. THE DECISION IS DOCUMENTED CONTEMPOARENOUSLY AND MAINTAINED IN HUMAN RESOURCES. SVP COMPENSATION: A SIMILAR ANALYSIS IS PERFORMED FOR THE SVPS AS REQUESTED BY THE PRESIDENT & CEO. SIMILAR INDUSTRY AND BANKING SURVEYS ARE USED AS REFERENCED ABOVE. AN OVERALL COMPETITIVE ANALYSIS IS PERFORMED BY THE SVP/CHIEF HUMAN RESOURCES OFFICER AND THE RESULTS AND SUPPORTING DOCUMENTATION ARE PRESENTED TO THE CEO.
FORM 990, PART VI, SECTION C, LINE 19 THE GOLDEN 1 CREDIT UNION'S FORM 990 WILL BE AVAILABLE ON GUIDESTAR.ORG FOR PUBLIC INSPECTION. THE GOLDEN 1 CREDIT UNION'S QUARTERLY NATIONAL CREDIT UNION ADMINISTRATION (NCUA) CALL 5300 REPORT CONTAINS FINANCIAL AND STATISTICAL DATA. THIS REGULATORY REPORT IS AVAILABLE FOR PUBLIC INSPECTION ONLINE AT NCUA.GOV. GOLDEN 1'S ANNUAL REPORT IS PUBLICALLY AVAILABLE ON OUR WEBSITE AT GOLDEN1.COM. GOLDEN 1 MEMBERS MAY REQUEST COPIES OF FINANCIAL STATEMENTS BY CALLING OUR MEMBER SERVICE CONTACT CENTER.
FORM 990, PART XI, LINE 9: UNREALIZED GAINS ON INVESTMENTS 2,285,965. CHANGE IN COMPREHENSIVE LOSS -87,113,510.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2021


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