2024-11-15T11:54:36-06:00 2023-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2023-01-01 951185803 CALIFORNIA COAST CREDIT UNION CALI 8586364204 PO BOX 502080 SAN DIEGO CA 92150 MATTHEW FICCO CFO 8586364204 2024-11-13 1 0 JENIFER L CHASE P01306883 5638884000 2024-11-13 2023 2024-10-15 13:58:12Z TODD LANE CEO PO BOX 502080 SAN DIEGO CA 92150 152463185 0 X WWW.CALCOASTCU.ORG X 1929 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 6 6 668 17 0 0 0 0 105763899 118948865 26502834 32346215 1129059 1168105 133395792 152463185 55000 70000 0 0 48799845 55262451 0 0 0 49920266 68772127 98775111 124104578 34620681 28358607 3475789984 3287677887 3219402599 2991871736 256387385 295806151 X CALIFORNIA COAST CREDIT UNION (CREDIT UNION) IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. AS A COOPERATIVE, THE CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 ACHIEVEMENT OF SATISFACTORY SERVICES PROVIDED TO MEMBERS IN CONNECTION WITH CONSUMER LOANS, I.E., AUTO LINES, VISA, AND PERSONAL LINES OF CREDIT. ACCOMPLISHMENT OF TARGET GOALS IN CONNECTION WITH PROVISION OF MORTGAGE LOAN PRODUCTS TO EXISTING MEMBERS. MEMBER SATISFACTION IN CONNECTION WITH SERVICES PERTAINING TO CHECKING/SAVINGS ACCOUNTS, ATTRACTIVE CD RATES, IRA AND SIMILAR ACCOUNTS. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 47475 0 1 668 1 0 0 0 0 0 0 1 0 X 6 6 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 1 1 1 0 0 CA X MATTHEW FICCO 8586364204 PO BOX 502080 SAN DIEGO CA 92150 GARY ATKINSON FORMER DIRECTOR 2.00 X 3218 0 0 DR BARBARA K BROOKS FORMER SECRETARY 4.00 X X 1608 0 0 RICHARD J KNOTT CHAIR 4.00 X X 0 0 0 STEVE MCMAHON VICE CHAIR 4.00 X X 0 0 0 LAN NGUYEN DIRECTOR 2.00 X 0 0 0 WARREN RUIS SECRETARY 4.00 X X 0 0 0 JAY SHEPARD DIRECTOR 2.00 X 0 0 0 MEISHA SHERMAN DIRECTOR 2.00 X 3218 0 0 RON VILLA FORMER CHAIR 4.00 X X 2605 0 0 TODD LANE CEO 40.00 X 1053314 0 1680449 MATTHEW FICCO CFO 40.00 X 388497 0 18875 KATHERINE CADY COO 40.00 X 538271 0 148818 VASUDEVAN SAMBASIVAM CIO 40.00 X 437047 0 25846 MITZI ZARCONE CLO 40.00 X 362870 0 19128 MILA PASCUA CARO 40.00 X 210182 0 10930 HEATHER TOUDLE SVP, COMMERCIAL LENDING 40.00 X 246474 0 28549 ANTONIA LUNA SVP, OPERATIONS 40.00 X 292907 0 26924 GREGORY CORNELL SVP, MARKETING 40.00 X 287773 0 11464 RENE MCKEE SVP, COMM & PUB RELATIONS 40.00 X 263432 0 20285 STEVE VOLLE SVP, REAL ESTATE 40.00 X 261946 0 33273 4353362 0 2024541 118 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 PLASTIC CARD SERVICES 3949973 MASTERCARD 2000 PURCHASE STREET PURCHASE NY 10577 DEBIT AND CREDIT CARD PROCESSING 3235394 SHI INTERNATIONAL CORP PO BOX 952121 DALLAS TX 753952121 COMPUTER EQUIPMENT AND SOFTWARE 2694594 GLOBANT LLC 875 HOWARD STREET 3RD FLR SUITE 3 SAN FRANCISCO CA 94103 TECH TEMP HELP 2545497 TAILWINDS BUSINESS VENTURES LLC 11901 W PARMER LN SUITE 220 CEDAR PARK TX 78613 TECH TEMP HELP 2308498 80 INTEREST ON LOANS 522100 88386863 88386863 INTERCHARGE INCOME 522100 16326225 16326225 FEE INCOME 522100 10589894 10589894 OTHER OPERATING INCOME 522100 3645883 3645883 118948865 28677199 28677199 1168105 0 1168105 1168105 1168105 3669016 0 3669016 3669016 3669016 152463185 118948865 0 33514320 70000 4904875 41785844 1060365 4183060 3328307 104480 1648130 69200 7750 3709445 6113699 3345796 6063136 6489784 1259425 80994 4007905 571290 DIVIDENDS PAID TO MEMBE 19569586 PLASTIC CARD EXPENSES 9386851 PROVISION FOR LOAN LOSS 3524293 FRAUD AND OTHER LOSSES 1248910 1571453 124104578 50322304 48568773 115353237 59617207 8131127 7631537 2340525709 2279134888 6819742 5844324 93695610 47340112 36773045 46355498 826287019 747249096 42980119 45002004 3167772 3167772 45429910 45106788 3475789984 3287677887 20395200 28338142 3199007399 2963533594 3219402599 2991871736 X 0 0 0 0 256387385 295806151 256387385 295806151 3475789984 3287677887 X 28358607 20421203 -9361044 X X 0 0 0 7750 2750 5000 7750 1 DAVID BAUER 2150 RIVER PLAZA DRIVE 150 SACRAMENTO CA 95833 263457749 2750 0 SAN DIEGO CREDIT UNION'S PAC PO BOX 85833 SAN DIEGO CA 921865833 743032876 5000 0 PART I-A, LINE 1: CALIFORNIA COAST CREDIT UNION MAKES CONTRIBUTIONS TO SUPPORT POLITICAL ACTION COMMITTEES PROMOTING CREDIT UNION CAUSES. 9182213 9182213 24187356 16311483 7875873 8976672 7964761 1011911 51349369 23063868 28285501 46355498 MEMBER DEPOSITS 2962519962 NON-MEMBER DEPOSITS 1013632 2963533594 1 SAN DIEGO HUMANE SOCIETY 5500 GAINES STREET SAN DIEGO CA 92110 953330218 501(C)(3) 10000 0 SUPPORT ANIMAL WELFARE, ADOPTION, VET, AND TRAINING CAL COAST CARES FOUNDATION PO BOX 421321 SAN DIEGO CA 92124 475249703 501(C)(3) 50000 0 SUPPORT PHILANTHROPIC EVENTS FOR STUDENTS AND TEACHERS 2 0 PART I, LINE 2: CALIFORNIA COAST CREDIT UNION ISSUES FUNDS TO ORGANIZATIONS TO BE USED AT THEIR OWN DISCRETION. X 1 1 X X X 0 1 0 TODD LANE CEO 785957 0 245495 0 21862 0 1665671 0 14778 0 2733763 0 0 0 KATHERINE CADY COO 431371 0 93438 0 13462 0 126359 0 22459 0 687089 0 0 0 VASUDEVAN SAMBASIVAM CIO 359833 0 66268 0 10946 0 14540 0 11306 0 462893 0 0 0 MATTHEW FICCO CFO 320465 0 59489 0 8543 0 13712 0 5163 0 407372 0 0 0 MITZI ZARCONE CLO 292546 0 54533 0 15791 0 8923 0 10205 0 381998 0 0 0 ANTONIA LUNA SVP, OPERATIONS 254774 0 33133 0 5000 0 7983 0 18941 0 319831 0 0 0 GREGORY CORNELL SVP, MARKETING 249295 0 33133 0 5345 0 6731 0 4733 0 299237 0 0 0 STEVE VOLLE SVP, REAL ESTATE 226773 0 31505 0 3668 0 7555 0 25718 0 295219 0 0 0 RENE MCKEE SVP, COMM & PUB RELATIONS 228338 0 30580 0 4514 0 9585 0 10700 0 283717 0 0 0 HEATHER TOUDLE SVP, COMMERCIAL LENDING 216247 0 29448 0 779 0 8995 0 19554 0 275023 0 0 0 MILA PASCUA CARO 142194 0 63303 0 4685 0 5668 0 5262 0 221112 0 0 0 PART I, LINE 1A IN 2023, CALIFORNIA COAST CREDIT UNION PAID FOR COMPANION TRAVEL FOR MEISHA SHERMAN, RON VILLA, BARBARA BROOKS, AND GARY ATKINSON. THIS BENEFIT IS INCLUDED IN REPORTABLE COMPENSATION ON FORM 990, PART VII. PART I, LINE 4B TODD LANE, CHIEF EXECUTIVE OFFICER, AND KATHERINE CADY, CHIEF OPERATIONS OFFICER, PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN SPONSORED BY CALIFORNIA COAST CREDIT UNION. THIS NON-QUALIFIED RETIREMENT PLAN IS FOR ELIGIBLE EXECUTIVES TO ENSURE THAT THEY RECEIVE A CERTAIN AMOUNT OF TARGETED RETIREMENT BENEFITS AS DETERMINED BY THE BOARD OF DIRECTORS. TODD LANE - $1,651,141 KATHERINE CADY - $110,925 THE AMOUNTS ABOVE REPRESENT THE DEFINED BENEFIT ACCRUALS FOR THE 457F PLAN ON BEHALF OF THE PARTICIPANTS. THESE AMOUNTS ARE INCLUDED IN DEFERRED COMPENSATION ON PART VII AND SCHEDULE J. FORM 990, PART VI, SECTION A, LINE 6 CALIFORNIA COAST CREDIT UNION HAS MEMBERS AS SPECIFIED IN ITS BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A CALIFORNIA COAST CREDIT UNION MEMBERS HAVE THE POWER TO ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF CALIFORNIA COAST CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 8B CALIFORNIA COAST CREDIT UNION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ACCOUNTING MANAGER, VICE PRESIDENT OF ACCOUNTING, AND THE CHIEF FINANCIAL OFFICER PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. THE FORM 990 IS MADE AVAILABLE TO THE EXECUTIVE COMMITTEE FOR REVIEW AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS, SUPERVISORY COMMITTEE, OFFICERS, VICE PRESIDENTS, SENIOR DIRECTORS, DIRECTORS, AND SENIOR MANAGERS ALL MUST COMPLETE AN ANNUAL QUESTIONNAIRE TO DISCLOSE ANY DIRECT CONFLICT AND/OR POTENTIAL CONFLICT THAT MAY ARISE WITH CALIFORNIA COAST CREDIT UNION (THE CREDIT UNION). AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST OCCURS WHEN A PERSON IS IN A POSITION TO INFLUENCE A DECISION THAT MAY RESULT IN PERSONAL GAIN FOR THAT EMPLOYEE OR FOR A RELATIVE OF THAT EMPLOYEE AS A RESULT OF THE CREDIT UNION'S BUSINESS DEALINGS. ANY PERSON INVOLVED THAT IS DEEMED TO HAVE A CONFLICT MUST IMMEDIATELY AND FULLY DISCLOSE THE CIRCUMSTANCES TO SENIOR MANAGEMENT OF THE EMPLOYEE'S BUSINESS UNIT OR PRESIDENT/CHIEF EXECUTIVE OFFICER OF THE CREDIT UNION FOR A DETERMINATION AS TO WHETHER A CONFLICT EXISTS. IF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS, THE CREDIT UNION MAY TAKE WHATEVER CORRECTIVE ACTION APPEARS APPROPRIATE ACCORDING TO THE CIRCUMSTANCES. FORM 990, PART VI, SECTION B, LINE 15A HUMAN RESOURCES GATHERS INFORMATION USING COMPENSATION SURVEYS AND USES 3RD PARTY DATA TO COMPARE COMPENSATION WITH SIMILARLY SITUATED PERSONS AT COMPARABLE ORGANIZATIONS. THE COMPENSATION COMMITTEE IN CONJUNCTION WITH THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE CHIEF EXECUTIVE OFFICER'S COMPENSATION PACKAGE EACH YEAR. THE CHIEF EXECUTIVE OFFICER HAS A WRITTEN EMPLOYMENT AGREEMENT. THE PROCESS OF DETERMINING THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD MINUTES. THE LAST TIME THIS PROCESS OCCURRED WAS IN 2024. FORM 990, PART VI, SECTION C, LINE 19 CALIFORNIA COAST CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IN THE SAME TIME AND MANNER AS OTHER DISCLOSURES REQUIRED UNDER INTERNAL REVENUE CODE SECTION 6104. FORM 990, PART XI, LINE 9: CURRENT EXPECTED CREDIT LOSS IMPLEMENTATION -9,361,044. FORM 990, PART IV, LINE 12A & PART XII, LINE 2B: THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED ON A CONSOLIDATED BASIS BY AN INDEPENDENT ACCOUNTANT. HOWEVER, THE FINANCIAL STATEMENTS ARE AUDITED ON A FISCAL YEAR-END BASIS OF MARCH 31ST, WHILE THE ORGANIZATION'S TAX YEAR-END IS DECEMBER 31ST. CALIFORNIA COAST FINANCIAL SERVICES LLC 9201 SPECTRUM CENTER BLVD SAN DIEGO CA 92123 330986534 INVESTMENTS CA 209 1401 CALIFORNIA COAST CREDIT UNION ORANGE WAVE 9201 SPECTRUM CENTER BLVD SAN DIEGO CA 92123 934521122 SUPPORT FOR CALIFORNIA COAST EMPLOYEES CA 501(C)(3) LINE 10 CALIFORNIA COAST CREDIT UNION 1 PRIVATE INVESTMENT FUND LLC 9600 NE CASCADES PKWY STE 250 PORTLAND OR 97220 862910679 REAL ESTATE LOANS OR CALIFORNIA COAST CREDIT UNION RELATED 385145 11530971 0 0 0.51900 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0