2022-11-17T16:42:30-06:00 2021-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2021-01-01 951185803 CALIFORNIA COAST CREDIT UNION CALI 8586364204 PO BOX 502080 SAN DIEGO CA 92150 MATTHEW FICCO CFO 8586364204 2022-11-15 1 MATTHEW FICCO 999009999 JENIFER L CHASE P01306883 5638884000 2022-11-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z TODD LANE CEO PO BOX 502080 SAN DIEGO CA 92150 114771244 0 X WWW.CALCOASTCU.ORG X 1929 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 675 16 0 0 0 0 111471041 101741346 6929536 12102104 1209282 880008 119609859 114723458 172500 65000 8571605 5674304 45468782 47946923 0 0 0 47923398 38049550 102136285 91735777 17473574 22987681 3248694854 3476522108 2898652195 3120407211 350042659 356114897 X CALIFORNIA COAST 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, CALIFORNIA COAST 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 0 0 0 1 42179 0 1 675 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 0 0 1 1 1 0 0 CA X MATTHEW FICCO 8586364204 PO BOX 502080 SAN DIEGO CA 92150 GARY ATKINSON DIRECTOR 2.00 X 0 0 0 DR BARBARA K BROOKS DIRECTOR 2.00 X 0 0 0 BRUCE HUSSON DIRECTOR 2.00 X 0 0 0 STEVE MCMAHON DIRECTOR 2.00 X 0 0 0 FRED MEHLICK DIRECTOR 2.00 X 0 0 0 JAY SHEPARD DIRECTOR 2.00 X 0 0 0 RICHARD J KNOTT SECRETARY 4.00 X X 0 0 0 MEISHA SHERMAN CHAIR 4.00 X X 0 0 0 RON VILLA VICE CHAIR 2.00 X X 0 0 0 TODD LANE CEO 40.00 X 880636 0 14014 MATTHEW FICCO CFO 40.00 X 311063 0 12389 KATHERINE CADY COO 40.00 X 431284 0 33182 ROBERT DISOTELL CLO 40.00 X 222066 0 14514 MILA PASCUA CARO 40.00 X 254006 0 22983 VASUDEVAN SAMBASIVAM CIO 40.00 X 186289 0 11795 MITZI ZARCONE CLO 40.00 X 270680 0 21192 BARBARA KROL CHRO 40.00 X 339819 0 17410 LORI DURAN SVP, OPERATIONS 40.00 X 253338 0 20587 ANTONIA LUNA SVP, OPERATIONS 40.00 X 239659 0 24770 GREGORY CORNELL SVP, MARKETING 40.00 X 227946 0 28916 STEVE VOLLE SVP, REAL ESTATE 40.00 X 225408 0 27999 RENE MCKEE SVP, COMM & PUB REL 40.00 X 222261 0 18147 4064455 0 267898 84 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 PLASTIC CARD NETWORK CONNECTION SERVICE 2383525 ALLIED UNIVERSAL PROTECTION SERVICE PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY GUARD SERVICES 1483242 MARKETING PO BOX 221075 SAN DIEGO CA 92192 MARKETING AND ADVERTISING 1430441 JACKHENRY PO BOX MONETT MO 65708 TECHNOLOGY AND SUPPORT 1228788 CU COOPERATIVE SYSTEM 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 PLASTIC CARD NETWORK CONNECTION SERVICE 836523 77 INTEREST ON LOANS 522100 69150139 69150139 INTERCHARGE INCOME 522100 15514390 15514390 FEE INCOME 522100 9006012 9006012 OTHER OPERATING INCOME 522100 4077077 4077077 RECOVERY FOR PROVISION FOR LOAN L 522100 3993728 3993728 101741346 12099867 12099867 880008 0 880008 880008 880008 223 49800 0 47786 223 2014 2237 2237 114723458 101741346 0 12982112 65000 5674304 3043324 36822951 872602 4259645 2948401 742860 59245 3999361 2791477 3336420 2363415 6045305 286123 301798 6784815 559984 PLASTIC CARD EXPENSES 7935224 FRAUD AND OTHER LOSSES 1232653 LOAN SERVICING 1166620 DFI OPERATING FEES 335249 109001 91735777 71472958 11439027 627863357 466427084 16584242 12125614 1982312958 1938935197 3533361 5064254 79620230 45661078 33321319 33959152 456359342 937233518 23355377 34508473 3167772 3167772 30724168 33662017 3248694854 3476522108 61623779 10035755 2837028416 3110371456 2898652195 3120407211 X 0 0 0 0 350042659 356114897 350042659 356114897 3248694854 3476522108 X 22987681 -19498366 2582923 X X 0 0 0 10250 10250 10250 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 7500 0 11593645 11593645 27258184 18081045 9177139 8056982 7558902 498080 32711419 20021131 12690288 33959152 MEMBER DEPOSITS 3110371456 3110371456 1 SAN DIEGO HUMANE SOCIETY 5500 GAINES STREET SAN DIEGO CA 92110 953330218 501(C)(3) 10000 0 0 0 SUPPORT ANIMAL WAREFARE, ADOPTION, VET AND TRAINING CAL COAST CARES FOUNDATION PO BOX 421321 SAN DIEGO CA 92124 475249703 501(C)(3) 50000 0 0 0 SUPPORT PHILANTROPIC EVENTS FOR STUDENTS, AND TEACHERS 2 0 PART I, LINE 2: CALIFORNIA COAST CREDIT UNION MAKES DONATIONS TO WORTHY ORGANIATIONS WHO PROMOTE AND SUPPORT CREDIT UNION COMMUNITY VALUES. THE CREDIT UNION DOES NOT MONITOR THE FUNDS AFTER THE DONATION IS MADE. X 1 1 X X X 0 1 0 TODD LANE CEO 705159 0 165000 0 10477 0 12849 0 1165 0 894650 0 0 0 KATHERINE CADY COO 380028 0 47395 0 3861 0 12958 0 20223 0 464465 0 0 0 BARBARA KROL CHRO 296099 0 35204 0 8516 0 7764 0 9646 0 357229 0 0 0 MATTHEW FICCO CFO 269355 0 34830 0 6878 0 8474 0 3915 0 323452 0 0 0 MITZI ZARCONE CLO 246545 0 17963 0 6172 0 9867 0 11325 0 291872 0 0 0 MILA PASCUA CARO 231866 0 17250 0 4890 0 5308 0 17675 0 276989 0 0 0 LORI DURAN SVP, OPERATIONS 231828 0 17573 0 3937 0 9034 0 11553 0 273925 0 0 0 ANTONIA LUNA SVP, OPERATIONS 221443 0 17077 0 1139 0 8435 0 16335 0 264429 0 0 0 GREGORY CORNELL SVP, MARKETING 209706 0 17098 0 1142 0 7112 0 21804 0 256862 0 0 0 STEVE VOLLE SVP, REAL ESTATE 205600 0 17731 0 2077 0 6381 0 21619 0 253408 0 0 0 RENE MCKEE SVP, COMM & PUB REL 203311 0 15881 0 3069 0 8224 0 9923 0 240408 0 0 0 ROBERT DISOTELL CLO 184702 0 35094 0 2270 0 7334 0 7179 0 236579 0 0 0 VASUDEVAN SAMBASIVAM CIO 181513 0 0 0 4776 0 1338 0 10457 0 198084 0 0 0 PART I, LINE 1A THE CREDIT UNION PERIODICALLY PAYS FOR COMPANION TRAVEL FOR MANAGEMENT. THIS IS INCLUDED IN THE EMPLOYEE'S TAXABLE INCOME. PART I, LINE 4B THE NONQUALIFIED RETIREMENT PLAN IS A SERP AND IS INTENDED TO SUPPLEMENT RETIREMENT PLAN BENEFITS FOR ELIGIBLE EXECUTIVES TO ENSURE THAT THEY RECEIVE A CERTAIN AMOUNT OF TARGETED RETIREMENT BENEFITS AS DETERMINED BY THE BOARD OF DIRECTORS. THE FOLLOWING ARE CONTRIBUTIONS COVERED UNDER THE 457F PLAN, HOWEVER, THE CREDIT UNION DIDN'T MAKE ANY CONTRIBUTIONS TO THE PLAN IN 2021: TODD LANE - KATHERINE CADY - ROBERT DISOTELL - THERE WERE NO DISTRIBUTIONS MADE FROM THE 457F PLAN DURING 2021. FORM 990, PART VI, SECTION A, LINE 1A ASSOCIATE DIRECTORS ON THE BOARD DO NOT HAVE VOTING RIGHTS FORM 990, PART VI, SECTION A, LINE 6 CALIFORNIA COAST CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS, AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. CALIFORNIA COAST CREDIT UNION DOES NOT HAVE STOCKHOLDERS. PARTICIPATION IN THIS CREDIT UNION IS LIMITED TO THOSE WHO QUALIFY FOR MEMBERSHIP AS DEFINED IN THE CREDIT UNION'S CHARTER AND BYLAWS. THIS GENERALLY CONSISTS OF THOSE WHO LIVE, WORK, WORSHIP, OR GO TO SCHOOL IN SAN DIEGO AND RIVERSIDE COUNTIES, CALIFORNIA. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, THE SPOUSE OF A MEMBER, THE BLOOD OR ADOPTIVE RELATIVES OF EITHER OF THEM, AND THEIR SPOUSES MAY BE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF CALIFORNIA COAST CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY OUR BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B AT THE END OF EACH TERM OF THE BOARD MEMBERS, ELECTIONS ARE HELD AND BOARD MEMBERS ARE VOTED BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. MEMBER VOTES ARE ALSO REQUIRED TO RATIFY DECISIONS DEALING WITH REORGANIZATIONS AS IN THE CASE OF MERGER OR DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ACCOUNTING MANAGER, DIRECTOR OF ACCOUNTING/CONTROLLER, AND THE VP OF ACCOUNTING & FINANCE AND THE CFO PRIOR TO FILING WITH THE IRS. THE FORM 990 IS MADE AVAILABLE TO THE EXECUTIVE COMMITTEE FOR REVIEW AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12 THE CURRENT CREDIT UNION POLICY RELIES ON INDIVIDUALS TO DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST DIRECTLY TO THE CEO, WHO SHALL BRING THE MATTER TO THE BOARD OR DULY CONSTITUTED COMMITTEE THEREOF. THE BOARD OR A DULY CONSTITUTED COMMITTEE SHALL DETERMINE WHETHER A CONFLICT EXISTS. THERE IS A SECTION ON CONFLICTS OF INTEREST IN THE EMPLOYEE HANDBOOK WHICH REVIEWS AND GIVES EXAMPLES SO THAT THE STAFF IS AWARE OF POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A HUMAN RESOURCES GATHERS INFORMATION AND USES A 3RD PARTY DATA TO COMPARE COMPENSATION AND THE BOARD OF DIRECTORS APPROVE THE CEO COMPENSATION PACKAGE EACH YEAR. THE CEO HAS A WRITTEN EMPLOYMENT AGREEMENT. THE PROCESS OF DETERMINING THE CEO COMPENSATION IS DOCUMENTED. ALL OTHER POSITIONS ARE REVIEWED BY HUMAN RESOURCES AND COMPARISONS ARE DONE WITH 3RD PARTY SALARY INFORMATION TO ENSURE EQUITY IN SALARIES TO MARKET. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE TO THE PUBLIC UPON REQUEST, COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS. FORM 990, PART XI, LINE 9: CHANGE IN UNREALIZED GAIN/LOSS 2,582,923. FORM 990, PART IV, LINE 12A & PART XII, LINE 2B THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED ON A SEPARATE 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 231 231 CALIFORNIA COAST CREDIT UNION