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					Annual Report 2011

          Federally insured by NCUA.
                                           Table Of Contents
                                           Introduction                             2
                                           Board Of Directors                       3
                                           Chair’s Report                           4
                                           President’s Report                       5
                                           Treasurer’s Report                       6
                                           Supervisory Committee’s Report           7
                                           Financials                               8
                                           Year In Review                          10
                                           Coming In 2012                          14
                                           In The Community                        16
                                           Member Services                         18
                                           Branch Locations                        21

Anywhere access with,
SDCCU mobile deposit and mobile banking.
                                                                                                                      2011 Board Of Directors
                                                                                                                                                                                   Teresa Halleck
                                                                                                                                                                                    President & CEO

           an Diego County Credit Union is proud to offer Southern Californians a better banking option. When we
                                                                                                                                                   Rod Calvao                     Steven C. Reuel
           say that SDCCU® is better banking you can trust, we mean it. SDCCU is committed to offering the best                                           Chair                          Vice Chair

           in financial products from our FREE checking with eStatements to our state-of-the-art and
    mobile banking services. We strive to help our members better understand and manage their finances through
    free financial education seminars hosted by local financial expert George Chamberlin and online videos that
    include tips on saving money, buying your first home and more.

    Better banking means more than better rates and lower fees for our members; it also means giving back to                                       Allan Shaw                      Ilan Awerbuch
                                                                                                                                                      Secretary/                           Director
    the communities we serve. SDCCU is proud to support over 75 charitable organizations throughout Southern                                           Treasurer

    California, including the Make-A-Wish Foundation® of San Diego, the Multiple Sclerosis Society, Rady Children’s
    Hospital and the San Diego Blood Bank.

                                                                                                                                                Richard Collins                   Shirley Jackson
                                                                                                                                                        Director                           Director

              sdccu.comOur Mission Statement                          Provide sound financial                                                      Peggyanne                        Chuck White
                                                                      services to our members any                                                    G. Smith

                                                                      where, any way, any time.

2                                                                                                                                               Annual Report 2011            3
                                              B                                                                    T
                                                     etter banking you can trust is a way of life at                      his year was an outstanding year for San Diego County
                                                     San Diego County Credit Union. From exceptional                      Credit Union and its members. While the big banks
                                                     service provided by our front-end staff to exciting                  were adding new fees and getting negative publicity
                                              new eServices to ensuring our rates and fees are low and             in the media, SDCCU delivered on our mission of providing
                                              competitive, all of the employees at SDCCU know that their           sound financial services to our members, any where, any way,
                                              goal is to provide better banking for our members. These             any time. We achieved this by providing low or no fees on our
                                              practices have allowed SDCCU’s member base to grow over 6            products and ensuring that members have more convenient
                                              percent in 2011 to 225,362 members and to reach over $5.45           access to their money than any major bank! Additionally,
                                              billion in assets. San Diego County Credit Union remains the         SDCCU continued to offer free BALANCE SM financial counseling
                                              largest locally-owned financial institution in San Diego and is      and member education seminars with acclaimed speakers, like
                                              now the 11th largest credit union in the country.                    San Diego area financial expert George Chamberlin, to ensure
                                                                                                                   that our members have the resources they need to make wise
                                              This year, SDCCU was not only voted BEST Credit Union for the        financial decisions.
                                              12th year straight, we were also voted BEST Financial Planner,
                                              BEST Home Loan Provider and BEST Place To Work. Thank you            SDCCU renamed our ‘myChecking account’ to ‘FREE checking
                                              to all of our members and community members that have                with eStatements’ to more appropriately highlight that
                                              recognized the contributions SDCCU is making in daily                SDCCU has a free checking product that is truly free! The FREE
                                              lives and who voted for us in the San Diego Union-Tribune            checking with eStatements account is free of monthly service
                                              Readers Poll. SDCCU was also honored with our second Better          charges, free of monthly debit card fees and offers free access
                                              Business Bureau® (BBB®) of San Diego Torch Award for                 to online bill pay plus the 28,000 ATMs in the CO-OP Network.
                                              Marketplace Ethics.                                                  This convenience is coupled with our newest addition to
                                                                                                                   mobile banking—SDCCU Mobile Deposit. SDCCU Mobile
                                              In line with our mission statement, SDCCU expanded our               Deposit gives members the ability to deposit a check from
                                              mobile banking offerings to allow more users convenient              their smartphone. By highlighting our convenient access and

                  Chair’s Report              account access. Mobile banking is now offered as a web-based         free services in the market, SDCCU continues to be top-of-
                                                                                                                                                                                               President’s Report
                                              solution, through SMS texting and as an app for iPhone®,             mind for those looking for an alternative to their big bank.
                             Rod Calvao                                                                                                                                                        Teresa Halleck
                                              Android ™ and BlackBerry® phones. Our brand new SDCCU
                                              Mobile Deposit app allows users to skip a trip to the branch or      Additionally, many of our ATMs have been upgraded to
                                              ATM by depositing a check right from their smartphone. That          accept deposits without envelopes and to return an image           of Directors and employees of SDCCU will continue to
                       225,362                really is any where, any time access.                                of the deposited item conveniently on the receipt. The new         work diligently and make prudent decisions so we can
                                                                                                                   machines also dispense $1, $5 and $20 bills. New consumer          continue to provide you with better banking you can
           178,776                            Seeing the achievements SDCCU has realized this year adds to         loan products including a 5/5 ARM home loan and low-rate           trust. I’m very optimistic about 2012 and I look forward
                                              the anticipation for what will come in 2012. I look forward to       SDCCU Cash Rewards Visa® with no cash back limits, were also       to another year of positive growth and success at San
                                              additional product releases, enhanced services and helping           launched in 2011 to provide additional benefits and rewards        Diego County Credit Union.
                                              new and existing members manage their financial lives.               to our members.

                                                                                                                   The growth that SDCCU realized during 2011 is beneficial to
                                                                                                                   our members and the overall organization, and preserved our
                                                                                                                   spot as San Diego’s largest locally-owned financial institution.
                                                                                                           Chair   Thank you for the trust that you put in us every day. The Board                                            President & CEO
                  Number of Primary Members

4                                                                                                                                                                                                 Annual Report 2011               5
                                            S                                                                    T
                                                   an Diego County Credit Union has closed the books on                 he Supervisory Committee at San Diego County
                                                   another outstanding year. SDCCU remained financially                 Credit Union ensures that an independent audit is
                                                   sound through the economic challenges in recent                      performed annually and the account balances of the
                                            years and 2011 has really shown our success. We have seen            membership are verified. The Committee is also responsible for
                                            tremendous member growth, a decrease in loan losses and              ensuring policies and procedures exist to adequately protect
                                            positive operating results.                                          credit union resources, for providing reasonable assurance
                                                                                                                 that governing regulations and policies and procedures are
                                            Better banking you can trust means making prudent loan               properly followed, and ensuring that the financial statements
                                            decisions that are in the best interest of the credit union’s        reflect the credit union’s results of operation. To carry out
                                            member base. SDCCU continued to offer our members                    these responsibilities, the Committee is made up of three
                                            historically low home loan rates and very competitive auto           volunteer members who independently evaluate the strength
                                            loan rates. Our discerning lending practices and low loan rates      and soundness of SDCCU’s operations and activities.
                                            brought in over $1.3 billion in new loans. A 6 percent increase
                                            in members to over 225,000 and the fact that members are             The Committee works with internal auditors, the Board of
                                            saving more money boosted total assets to over $5.45 billion.        Directors, the President & CEO and employees of SDCCU
                                                                                                                 to ensure that the assets are safeguarded by upholding
                                            As always, the SDCCU Board of Directors and senior                   applicable regulatory policies and procedures. The Supervisory
                                            management team maintained prudent practices to ensure               Committee retained the services of McGladrey & Pullen, LLP,
                                            that SDCCU remains well-capitalized. SDCCU ended 2011                a national CPA firm, to perform an audit of the credit union’s
                                            with a net worth to total assets ratio of 11.94 percent. This        financial statements. The accounting firm of McGladrey &
                                            ratio, established by the National Credit Union Administration       Pullen, LLP, performs an annual audit of the credit union’s
                                            (NCUA), sets the regulatory standard for the minimum                 financial statements to ensure they represent fairly, in
                                            allowable capital level for “well-capitalized credit unions” at      all material respects, the financial position and results of
                                            7 percent. SDCCU continued to exceed the NCUA’s minimum              operations of San Diego County Credit Union in conformity

      Treasurer’s Report                    level, proving we truly do provide better banking you can trust.     with U.S. Generally Accepted Accounting Principles.
                          Allan Shaw
                                            Our commitment to better banking means that the Board of             We wish to express our appreciation to the Board of Directors,
                                                                                                                                                                                         Committee’s Report
                                            Directors will continue to ensure that SDCCU is making smart         management and staff for their continued cooperation.                   Patricia Honeycutt
                                            financial decisions that will maintain our position as San Diego’s
                                            BEST Credit Union. Thank you for the trust you place in SDCCU                                                                                                         49,269
                                            year after year. We look forward to being your financial partner
                                            for years to come.


                2001                                                                                                                                                                                       2001
          Number of Internet Branch Users                                                                                                                                                         Number of Bill Payer Plus™ Users

6                                                                                                                                                                                           Annual Report 2011           7
    Consolidated Statement of Financial Condition                                                                               Consolidated Statement of Income and Comprehensive Income
    December 31, 2011 (unaudited)                                                                                               December 31, 2011 (unaudited)

                                                                       Personal Loans 1%

    ASSETS                                                                                                                                                                      INTEREST INCOME

    Cash and cash equivalents                      $ 1,137,322,126                                                                                     8%                       Interest on loans and leases to members                 $     167,090,912
                                                                                Credit Cards               Fixed Rate                                                9%
    Investments                                                                      4%                 Real Estate Loans                                                       Interest on investments and cash equivalents                   11,807,461
          Available-for-sale                                335,748                                                                                                                                                                     $    178,898,373
                                                                             EquityLines                                        Money Market
          Held-to-maturity                             1,033,537,811            9%                                                 39%                               Checking
                                                                                                                                                                                INTEREST ExPENSE
          Other investments                              25,000,000                                                                                                             Dividends on members’ shares                            $      33,265,313
                                                                             Vehicle Loans                   Adjustable Rate
    Loans and leases to members, net                   3,087,511,664            12%                         Real Estate Loans
                                                                                                                                                                                Interest on borrowed funds                                      2,927,538
                                                                                                                    26%                               Certi cates
                                                                                               Small                                                      29%
    Loans held for sale                                  19,964,313                        Business Loans
                                                                                                                                                                                                                                        $      36,192,851
    Accrued interest receivable                          15,231,447
                                                                                                                                                                                NET INTEREST INCOME                                     $     142,705,522
    Property and equipment, net                          49,679,344
                                                                                                                                                                                PROVISION FOR LOAN AND LEASE LOSSES                            25,084,840
    National Credit Union Share                                                    DISTRIbuTION Of lOAN PORTfOlIO                 DISTRIbuTION Of DEPOSIT PORTfOlIO
    Insurance Fund deposit                               43,066,215
                                                                                                                                                                                NET INTEREST INCOME AFTER PROVISION
                                                                                                                                                     $4,658                     FOR LOAN AND LEASE LOSSES                                     117,620,682
    Other assets                                         47,830,082                                      $5,459

    Total Assets                                   $5,459,478,750                                                                                                               NON–INTEREST INCOME
                                                                                           $3,680                                        $3,171
                                                                                                                                                                                Fees and other income                                          44,279,511

                                                                                                                                                                                                                                        $    161,900,193
    LIABILITIES AND MEMBERS’ EqUITY                                             $1,678                                          $1,494                                          GENERAL AND ADMINISTRATIVE ExPENSES
                                                                                                                                                                                Salaries and benefits                                   $      37,410,901
          Members’ shares                          $ 4,658,463,923
                                                                                                                                                                                Other general and administrative expenses                      16,468,866
          Borrowed funds                                125,000,000
                                                                                                                                                                                Professional and outside services                              11,328,892
          Accrued expenses and other liabilities         24,121,086                                     2006                                           2006                     NCUSIF & corporate stabilization assessments                   10,766,554
                                                                                             2001                                            2001
    Total Liabilities                              $4,807,585,009                                                                                                               Occupancy                                                       9,886,639
                                                                                           ASSETS ($ IN mIllIONS)                        DEPOSITS ($ IN mIllIONS)
                                                                                                                                                                                Marketing, promotional and dues                                 6,625,476
    Commitments and contingent liabilities
                                                                                                                                                        28                      Loan processing                                                 2,957,627
                                                                                                        $3,199                                                                                                                          $     95,444,955
    Members’ Equity                                                                        $2,776
                                                                                                                                                                                NET INCOME                                              $     66,455,238
          Retained earnings,                                                                                                     17
          substantially restricted                 $    651,884,651

          Accumulated other                                                    $1,157                                                                                           OTHER COMPREHENSIVE INCOME
          comprehensive income                                9,090
                                                                                                                                                                                Unrealized holding losses on investments
    Total Members’ Equity                          $ 651,893,741                                                                                                                classified as available-for-sale                                (163,254)

                                                                                                                                                                                Comprehensive Income                                    $     66,291,984
    Total Liabilities and Members’ Equity          $ 5,459,478,750                                                  2011                                        2011
                                                                                                       2006                                           2006
                                                                                             2001                                           2001
                                                                                     GROSS lOANS ($ IN mIllIONS)                          NumbER Of bRANCHES
8                                                                                                                                                                                                           Annual Report 2011           9
     Year In Review

     San Diego County Credit Union had a tremendous year in 2011. SDCCU experienced solid member
     growth and enhanced product and service offerings. San Diegans again expressed that SDCCU is
     better banking you can trust by voting SDCCU BEST Credit Union for the 12th year straight in the
     San Diego Union-Tribune Readers Poll.

     A record setting number of new members made the switch to SDCCU during the last few months
     of 2011. Many, inspired by the social media-driven Bank Transfer Day, closed their accounts with
     the big banks and opened new accounts at San Diego County Credit Union both in-branch and via Members were invited to post photos of themselves shredding their big bank debit
     card to SDCCU’s Facebook page for a chance to win $1,000. The number of new checking accounts
     opened during the first week of November was almost three times the per-day average of new
     accounts for the entire year of 2010. SDCCU concluded the year with 225,362 total members.

     In addition to substantial member growth, SDCCU also increased its assets over the $5 billion mark
     to $5.45 billion! This positions SDCCU as the 11th largest credit union in the United States and the
     fourth largest in California. SDCCU provides a competitive advantage to its members by offering
     low fees and highly competitive rates.

     As SDCCU’s member base grew in 2011, so did the line of products and services. Holding true to its
     mission statement, SDCCU expanded its mobile offerings to ensure that more members are able to
     access their accounts any where, any time. In addition to a mobile banking app for iPhones®, SDCCU
     now offers apps for Android™ and BlackBerry® phones, SMS text and web-based mobile banking that
     can be accessed by any mobile phone with Internet access. The enhanced mobile banking app now
     enables users to select their bill payment date, giving them more control of their finances. SDCCU
     was very excited to launch SDCCU Mobile Deposit in late 2011. This new cutting-edge service
     allows members to deposit a check by taking a picture of it with a smartphone. It’s as easy as Check.
     Snap. Deposit.™

     The SDCCU eServices team is constantly working to make our Internet Branch online banking the
     BEST. This year, SDCCU added the ability for members to view eStatements all the way back to
     March 2008. This makes researching past finances easier and more convenient. To help ease the
     concerns of members that need to get their payment made right away, overnight payments were
     added to Bill Payer Plus™.

     To simplify the new account process, SDCCU launched a new account application that allowed new
     members to complete the account opening process entirely online at, without having
     to set foot in a branch. Existing members were also given the ability to open additional checking,
     savings, money market and certificate accounts online through Internet Branch online banking.           Your financial partner
     SDCCU was recognized by the community with various awards throughout 2011. The San Diego                for important life events.
     Union-Tribune Readers Poll honored SDCCU as BEST Credit Union, BEST Financial Planner, BEST Home
     Loan Provider and BEST Place To Work. San Diego CityBeat also named SDCCU BEST Credit Union

10                                                                                                                            Annual Report 2011   13
                                                 Year In Review Continued...
                                                 again this year. SDCCU was included in SD Metro magazine’s list of San Diego’s Most Trusted Brands
                                                 and the San Diego Ad Club’s Top 100 Brands Of The Past 100 Years. The Cybersecurity Award that
                                                 was given to SDCCU by ESET® North America is another reason SDCCU truly is better banking you
                                                 can trust.

                                                 SDCCU was additionally honored in 2011 with a second Better Business Bureau of San Diego Torch
                                                 Award for Marketplace Ethics. The BBB Torch Awards are presented to businesses and organizations
                                                 that maintain a solid commitment to conducting their business practices in an ethical fashion. The
                                                 BBB has been a symbol of trust and ethics for 100 years and SDCCU is honored to be recognized by
                                                 this esteemed organization.

                                                 The home loan rates SDCCU offered throughout 2011 were at historic lows. SDCCU members were
                                                 able to take advantage of low rates on new home purchases and to refinance existing home loans.
                                                 To better serve the needs of its members, SDCCU launched a 5/5 adjustable rate home loan that
                                                 provides the flexibility of an adjustable rate with added stability. Through competitive loan programs,
                                                 SDCCU was able to help many members get into their dream homes. Thanks in part to this, SDCCU
                                                 was again voted BEST Home Loan Provider in the San Diego Union-Tribune Readers Poll.

                                                 While the auto industry has been affected by the current economic situation, SDCCU continued to
                                                 offer low-rate auto loans and leases. SDCCU members have combined SDCCU’s low rates with great
                                                 prices by purchasing their cars through the many low rate car sales and our convenient Auto Express
                                                 Sales & Leasing service. Over 675 members were assisted by SDCCU’s Auto Express Sales & Leasing
                                                 service during 2011.

                                                 To the delight of many members, SDCCU launched the new SDCCU Cash Rewards Visa platinum credit
                                                 card. This new reward program allows cardholders to earn unlimited cash rewards on all qualified
                                                 purchases with no annual fee. To make it easy, the cash rewards earned are posted to the member’s
                                                 account monthly. Unlike some big bank rewards programs, SDCCU Cash Rewards doesn’t have any
                                                 hoops to jump through.

                                                 The popular Check Card Overdraft Service was enhanced to include ATM and PIN-based transactions
                                                 in addition to signature-based transactions. This allows enrolled members to shop with peace of
                                                 mind, knowing that their transactions may be approved even in the event of a budgeting oversight.

                                                 SDCCU launched the official Facebook and Twitter pages this year, giving members yet another way
                                                 to stay in contact with their financial institution. This is a great way for members and the community
                                                 to learn about community events, new products and prize giveaways. Just a few short months after
                                                 launching, the SDCCU Facebook page had garnered over 1,000 ‘fans’         .

                 Easy auto buying with           This overview serves as a sampling of the numerous enhancements made by SDCCU to improve the
                 Auto Express Sales & Leasing.   banking experience of our members. SDCCU is always looking for new and exciting products and
                                                 services that facilitate a better banking experience.

14                                                                                                                   Annual Report 2011        13
     Coming In 2012

     SDCCU will continue to provide better banking you can trust through enhanced convenience,
     by continuing to offer low fees and by providing exceptional member service.

     There are numerous projects on the horizon designed to maintain SDCCU’s position as a state-
     of-the-art financial institution. Members can look forward to a comprehensive update to, including Internet Branch online banking. The website will have a new
     look and easier navigation so you can find just what you’re looking for even faster. Internet
     Branch online banking will soon include a convenient dashboard so that members can see a
     snapshot of important items like balances and most recent transactions. Business bill pay will
     also be available for our business members, giving businesses more control over their billing
     and invoicing processes.

     SDCCU branches will be offering eReceipts to help us all continue in our efforts to go green.
     Rather than taking a printed copy of a transaction receipt, members will be given the option
     to have the receipt sent electronically to Internet Branch online banking where it can easily be
     referenced later.

     Account alerts will be upgraded to allow recipients to take immediate action on their
     accounts. If a low balance alert is sent, members will be able to instantly respond with a
     text to transfer money between their SDCCU savings and checking accounts.

     The future of better banking looks remarkable as we work to bring our members added
     convenience, accessibility and superior products.

                                                                                                        Secure online access at

14                                                                                                                  Annual Report 2011   17
                                                                                                           Walk MS            Oceanside Branch Grand Opening

     In The Community

            etter banking extends into helping our communities be better places for everyone. SDCCU
            has continued to serve as the presenting sponsor for events such as Walk MS, Shamu & You
            Family Walk for Rady Children’s Hospital, the Chargers Blood Drive, and the San Diego County
     Credit Union Poinsettia Bowl which benefits the Make-A-Wish Foundation of San Diego.                  Bike To Work Day   iVIE Awards

     SDCCU is proud to invest in its local communities and carefully selects a variety of causes and
     services that support the needs of Southern California. SDCCU supports these organizations
     through volunteerism, financial support and creating public awareness. Team SDCCU, a group of
     volunteer employees, members and friends, raises money for and attends numerous events each year.

     San Diego County Credit Union supports over 75 nonprofit organizations throughout San Diego,
     Riverside and Orange counties each year. In 2011, SDCCU supported Susan G. Komen for the Cure ®,
     the San Diego Chapter of the Leukemia & Lymphoma Society ®, Mothers Against Drunk Driving ®,
     Women’s Resource Center, the Helen Woodward Animal Center and many more. Numerous fans
     have ‘liked’ SDCCU on Facebook and ‘followed’ the credit union on Twitter to stay up-to-date on
     these and other community events.

     As SDCCU continues to grow, so does its community support. In addition, SDCCU looks forward to
     continuing to help its local communities in the new year. Now that’s better banking you can trust.
                                                                                                           Poinsettia Bowl    Shamu & You Family Walk for Rady Children’s Hospital

16                                                                                                                                                 Annual Report 2011   17
     Member Services

     ACCOUNTS                                                            eSERVICES                                   PAYMENT AND PRODUCT PROTECTION
     • Certificates                                                      • eNotices & eTax Forms                     • Credit Life Protection
     • Checking                                                          • eStatements                               • Credit Disability Protection
     • IRAs – Traditional, Roth & Coverdell                              • External Transfers                        • Disability Payment Protection
     • Money Market                                                      • Live Chat                                 • Guaranteed Asset Protection
     • Savings                                                           • Loan Applications                         • Life Payment Protection
     • teenFIRST®                                                        • Mobile Banking                            • LoJack®
                                                                         • New Account Application                   • Unemployment Payment Protection
     ACCOUNT SERVICES                                                    • SDCCU® Mobile Deposit
     • Check Card Overdraft Service                                      • Online Banking                            ADDITIONAL PRODUCTS AND SERVICES
     • Courtesy Clearing                                                 • Online Bill Pay                           • Auto Express Sales & Leasing1
     • Direct Deposit                                                    • Personal Finance Manager                  • Educational Seminars
     • Fly Miles Plus Reward Program
                                                                         • Person-to-Person Payments                 • Financial Counseling
     • myOwn Card Photo Visa®
                                                                         • Telephone Banking                         • LPL Financial Investment Services2
     • Overdraft Protection                                                                                          • Real Estate Services
     • SDCCU Cash Rewards Visa®                                          BUSINESS SERVICES                           • Safe Deposit Boxes
     • Visa® Debit Cards                                                 • ADP Payroll Services
                                                                                                                     • TurboTax® OnlineSM
                                                                         • Certificates                              • Visa® Gift Cards
     VEHICLE LOANS AND LEASES                                            • Checking                                  • Visa® TravelMoney®
     • Auto Leases                                                       • Commercial Real Estate Loans              • Member Discount Program
     • Motorcycle Loans                                                  • Equipment Loans
     • New & Used Auto Loans                                             • First Data® Merchant Card Services        ACCESS
     • Preferred Dealer Network                                          • Money Market                              • 24/7 Online & Mobile Banking
     • Recreational Sports Vehicle                                       • Savings                                     Access
       Program Loans                                                     • SBA 504 Loans                             • 28 Full-Service Branch Locations
     • RV/Boat Loans                                                     • Sweep Savings                             • Convenient Weekday Hours, with
                                                                                                                       Most Branches Open Saturday
                                                                         • Vehicle Loans & Leases
                                                                                                                       From 9 a.m. to 4 p.m.
     HOME AND PERSONAL LOANS                                             • Visa® Credit & Debit Cards
     • Home Equity Loans                                                                                             • FREE Access to 28,000 Surcharge-
                                                                                                                       FREE CO-OP ATMs
     • Home Equity Lines                                                 INSURANCE
     • Home Loans                                                        • Accidental Death &
     • Signature Loans                                                     Dismemberment Insurance
     • Visa® Credit Cards                                                • Mechanical Breakdown Insurance

     Auto sale and brokerage services provided by SD Auto Sales/Leasing.

     Securities and advisory services offered through LPL Financial, a Registered Investment Advisor,

     member FINRA/SIPC. Insurance products offered through LPL Financial or its affiliates. San Diego County
                                                                                                                                                              Easy rewards with a SDCCU Visa.
     Credit Union is not a registered broker/dealer, nor are they affiliated with LPL Financial.

              Not NCUA Insured                         No Credit Union Guarantee                    May Lose Value
                                                                                                                                 Federally insured by NCUA.

     iPhone is a trademark of Apple, Inc. Android is a trademark of Google, Inc.

18                                                                                                                                                                   Annual Report 2011   21
                                       Branch Locations
                                       SAN DIEGO COUNTY

                                       Carlsbad                         Kearny Mesa                Poway
                                       2530 El Camino Real              5500 Overland Avenue       14099 Stowe Drive
                                       Carlsbad, CA 92008               Suite 190                  Poway, CA 92064
                                                                        San Diego, CA 92123
                                       Carmel Mountain                                             San Diego
                                       12330 Carmel Mountain Road       La Jolla Colony/UC         5555 Mildred Street
                                       Suite C-1                        7708 Regents Road          San Diego, CA 92110
                                       San Diego, CA 92128              San Diego, CA 92122
                                                                                                   San Marcos
                                       Chula Vista                      La Mesa                    790 West San Marcos Boulevard
                                       303-1 H Street                   8555 Fletcher Parkway      San Marcos, CA 92078
                                       Chula Vista, CA 91910            Suite 101
                                                                        La Mesa, CA 91942          Santee
                                       EastLake                                                    286 Town Center Parkway
                                       2280 Otay Lakes Road             Mira Mesa                  Santee, CA 92071
                                       Chula Vista, CA 91915            6705 Mira Mesa Boulevard
                                                                        San Diego, CA 92121        Solana Beach
                                       El Cajon                                                    665 San Rodolfo Drive
                                       312 West Main Street             Mission Valley             Suite 110
                                       El Cajon, CA 92020               2245 Fenton Parkway        Solana Beach, CA 92075
                                                                        Suite 107
                                       Encinitas                        San Diego, CA 92108        Sorrento Valley
                                       501 North El Camino Real                                    10715 Sorrento Valley Road
                                       Encinitas, CA 92024              Oceanside                  San Diego, CA 92121
                                                                        625 College Boulevard
                                       Escondido                        Oceanside, CA 92057        Torrey Pines
                                       1600 South Escondido Boulevard                              3366 North Torrey Pines Court
                                       Escondido, CA 92025              Pacific Beach              Suite 100
                                                                        1650-A Garnet Avenue       La Jolla, CA 92037
                                       Escondido Civic Center           San Diego, CA 92109
                                       150 East Valley Parkway                                     Vista
                                       Escondido, CA 92025              Point Loma                 1475 West Vista Way
                                                                        1004 Rosecrans Street      Vista, CA 92083
                                                                        San Diego, CA 92106

                                       RIVERSIDE COUNTY

                                       Murrieta                         Temecula                   Temecula North
                                       25165 Madison Avenue             31693 Temecula Parkway     29097 Overland Drive
                                       Murrieta, CA 92562               Temecula, CA 92592         Temecula, CA 92591

                                       ORANGE COUNTY

                 Low home loan rates
                                       Laguna Niguel
                                       32341 Golden Lantern
                                       Suite A
                                       Laguna Niguel, CA 92677                                                 (877) 732-2848
                 and no hidden fees.

22                                                                                                Annual Report 2011   21
                                          SHELL   SHELL   SHELL                   
                                      SHELL                       SHELL

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