2020-11-16T19:56:39-06:00 2019-12-31 420714325 RSM US LLP 801 NICOLLET MALL WEST TOWER STE 1100 MINNEAPOLIS MN 554022526 990 2019-01-01 941231186 SAN MATEO CREDIT UNION SANM 6503631716 350 CONVENTION WAY REDWOOD CITY CA 94063 DAVID DIAMOND CFO 6503631716 2020-11-16 1 KACIE MCEWEN P01599614 6123324300 2020-11-16 68.47.31.197 2020-11-16 06:36:52 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 03529DF6567CFB0D20C3C8C4F0F8DA9C5BDC3671 2019 2021-04-22 16:20:28Z WADE PAINTER 350 CONVENTION WAY REDWOOD CITY CA 94063 127926360 0 X WWW.SMCU.ORG X 1952 CA PROVIDE A RANGE OF FINANCIAL PRODUCTS AND SERVICES TO IMPROVE THE FINANCIAL LIVES OF OUR MEMBERS. 7 7 266 12 146349 -11338 0 0 50086058 57043140 4357099 3073167 1118895 2148425 55562052 62264732 77250 80000 2447218 4779860 18329164 20509559 0 0 0 19820264 21127095 40673896 46496514 14888156 15768218 1070921854 1161663520 951482811 1026456259 119439043 135207261 X WHILE MAINTAINING A SOUND FINANCIAL POSITION, SAN MATEO CREDIT UNION, A FINANCIAL COOPERATIVE, WILL PROVIDE A WIDE RANGE OF VALUED FINANCIAL PRODUCTS AND SERVICES AND GIVE MEMBER-OWNERS A FEELING OF PERSONAL IDENTITY AND BELONGING AS AN OWNER. WE HELP IMPROVE THE FINANCIAL LIVES OF OUR MEMBERS. 0 0 SAN MATEO CREDIT UNION IS A FINANCIAL COOPERATIVE SERVING THE COMMUNITIES WITHIN SAN MATEO COUNTY, CITY OF PALO ALTO AND SELECT NEIGHBORHOODS IN SAN FRANCISCO. WE HAVE SEVEN BRANCHES THROUGHOUT THESE GEOGRAPHICAL AREAS AND A HEADQUARTERS OFFICE LOCATED IN REDWOOD CITY, CALIFORNIA. AS OF YEAR-END 2019, WE HAD APPROXIMATELY NINETY-SIX THOUSAND (96,000) MEMBER-OWNERS. WE OFFER OUR MEMBERS A WIDE ARRAY OF RETAIL FINANCIAL PRODUCTS AND SERVICES, AND WE PROVIDE FINANCIAL EDUCATION TO YOUTH AND ADULTS THROUGHOUT THE COMMUNITIES WE SERVE. SMCU OFFERS MEMBERS RESIDENTIAL REAL ESTATE PURCHASE AND REFINANCE LENDING. SMCU OFFERS AN ARRAY OF CONSUMER LOANS INCLUDING AUTOMOBILE, SECURED AND UNSECURED LOANS AND CREDIT CARDS. MEMBERS CAN OPEN AN ARRAY OF DEPOSIT ACCOUNTS INCLUDING SAVINGS, CHECKING, MONEY MARKET AND CERTIFICATE OF DEPOSIT ACCOUNTS. SMCU OFFERS FINANCIAL ASSISTANCE TO THOSE NEEDING HELP WITH MEMBERSHIP ELIGIBILITY AND CERTAIN MICRO-CREDIT PRODUCTS. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 10980 0 1 266 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 CA X DAVID DIAMOND CFO 6503631716 350 CONVENTION WAY REDWOOD CITY CA 94063 WADE PAINTER PRESIDENT/CEO 40.00 X 674967 0 22656 VALERIE ALSIP EVP/COO 40.00 X 366859 0 25848 PATRICIA ELLINGSON VP REAL ESTATE LENDING 40.00 X 267155 0 22198 DAVID DIAMOND VP, CFO 40.00 X 253954 0 32010 JENNIFER WILKINSON SVP/CLO 40.00 X 228199 0 25882 EMILIO JOHANSEN WEALTH ADVISOR 40.00 X 227072 0 26358 REBECCA NIXON VP HR 40.00 X 205221 0 23437 ROBERT CARTER VP ADMINISTRATIVE SERVICES 40.00 X 196664 0 18626 RICHARD KINZIE VP RISK 40.00 X 197368 0 16679 IGNASIO MEDRANO VP DIGITAL SERVICES 40.00 X 193695 0 15706 WILLIAM ANDREWS VP INFORMATION SERVICES 40.00 X 194538 0 14467 ANATOLY VILDERMAN WEALTH ADVISOR 40.00 X 192410 0 12125 DANI ROBINSON VP CREDIT RISK 40.00 X 178728 0 18707 DOREEN SZYMANKSKI VP MEMBER EXPERIENCE 40.00 X 177088 0 13052 CHERYL RAYO AVP REAL ESTATE 40.00 X 157171 0 13551 SYLVIA DIN ACCOUNTING MANAGER 40.00 X 137677 0 11655 JON GALLE ENTERPRISE APP. MANAGER 40.00 X 123681 0 25373 JOHNNY ESCALANTE IS MANAGER 40.00 X 126283 0 13095 MAGDA GONZALEZ CHAIR 1.00 X X 0 0 0 DONNA VAILLANCOURT VICE CHAIR 1.00 X X 0 0 0 BRAIN PONTY SECRETARY 1.00 X X 0 0 0 MICHAEL CLAIRE TREASURER 1.00 X X 0 0 0 JOHN BEIERS DIRECTOR 1.00 X 0 0 0 STEVE DIVNEY DIRECTOR 1.00 X 0 0 0 KATE HARR DIRECTOR 1.00 X 0 0 0 4098730 0 351425 34 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSOR 2119313 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 CORE SYSTEM 2056242 CO-OP FINANCIAL SERVICES 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 ATM & DEBIT CARD PROCESSOR 1180566 FISERV INC 255 FISERV DRIVE PO BOX 979 BROOKFIELD WI 53045 ACCOUNTING MANAGEMENT SOFTWARE 788649 FIDELITY NATIONAL SERVICES INC 601 RIVERSIDE AVE JACKSONVILLE FL 32204 CREDIT CARD PROCESSOR 514787 37 INTEREST ON LOANS 522100 40773990 40773990 INTERCHANGE INCOME 522100 6999851 6999851 FEE INCOME 522100 6773221 6626872 146349 OTHER NON-INTEREST INCOME 522100 2496078 2496078 57043140 2613386 2613386 2603626 455201 2148425 2148425 2148425 65666208 65206427 459781 459781 459781 62264732 56896791 146349 5221592 71500 8500 4779860 3554426 12933706 703780 2116080 1201567 41600 197228 5000 2618398 1270414 3327174 2964941 69394 50256 1325021 122681 PROVISION FOR LOAN LOSS 2382609 CREDIT CARD EXPENSES 1984341 LENDING & COLLECTIONS 1977559 ATM EXPENSES 1389248 1401231 46496514 46552239 65129313 10223046 10517470 892250505 1009562518 1143011 1585281 41040513 20203390 19604527 20837123 86906099 39187236 14242427 14844579 1070921854 1161663520 3637055 5273788 947845756 1021182471 951482811 1026456259 X 0 0 0 0 119439043 135207261 119439043 135207261 1070921854 1161663520 15768218 0 X 0 1 X 1 0 9380 9380 9380 1 CALIFORNIA CREDIT UNION LEAGUE PAC 2855 E GUASTI ROAD SUITE 600 ONTARIO CA 91761 940357265 9380 0 PART I-A, LINE 1: THE CREDIT UNION CONTRIBUTES TO POLITICAL ACTION COMMITTEES (PACS) IN SUPPORT OF CREDIT UNION ISSUES. 5000000 5000000 14772168 4632066 10140102 4151698 4151698 0 17116647 11419626 5697021 20837123 MEMBER SHARES 1021182471 1021182471 X PART X, LINE 2: FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. 1 CHILDREN'S MIRACLE NETWORK HOSPITALS 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 870387205 501(C)(3) 14250 EVENT SPONSORSHIP - SACTOWN 10 MILE RUN & CU FOR KIDS WINE AUCTION THE SEQUOIA AWARDS PO BOX 2355 REDWOOD CITY CA 94064 943148844 501(C)(3) 6750 SCHOLARSHIP DONATION TO ANNUAL AWARDS RWC-SMC CHAMBER OF COMMERCE 1450 VETERANS BOULEVARD REDWOOD CITY CA 94063 940377914 501(C)(3) 8000 PROGRESS SEMINAR SPONSORSHIP SAN MATEO COUNTY HISTORICAL ASSOCIATION 2200 BROADWAY REDWOOD CITY CA 94063 237186194 501(C)(3) 10000 ANNUAL CAMPAIGN SPONSORSHIP REDWOOD CITY POLICE ACTIVITIES LEAGUE 3399 BAY ROAD REDWOOD CITY CA 94063 943229506 501(C)(3) 10000 SPONSORSHIP OF MUSIC FESTIVAL CITY OF REDWOOD CITY PO BOX 391 REDWOOD CITY CA 94064 GOVERNMENT 5000 SPONSORSHIP OF SUMMER CONCERT SERIES SAN MATEO COUNTY SHERIFF'S ACTIVITIES LEAGUE 400 COUNTY CENTER 1ST FLOOR SRU REDWOOD CITY CA 94063 450617342 501(C)(3) 5000 TEEN LEADERSHIP COUNCIL PROGRAM & WINE AND HEROES FUINDRAISER KAINOS HOME & TRAINING CENTER 3631 JEFFERSON AVENUE REDWOOD CITY CA 94062 237408490 501(C)(3) 5000 CONTRIBUTION TO ANNUAL ACHIEVEMENT CHALLENGE 8 0 SCHOLARSHIPS 7 8500 PART I, LINE 2: THE COMMUNITY RELATIONS DEPARTMENT TEAM MAINTAINS RECORDS OF ALL GRANTS. SCHOLARSHIPS - SMCU HAS AN APPLICATION PROCESS WITH ELIGIBILITY CRITERIA AND RIGOROUS APPLICATION REVIEW PROCESS. THE SCHOLARSHIP SELECTIONS ARE DETERMINED BY TRAINED PANEL OF SMCU EMPLOYEES. AWARDS ARE PAYABLE IN THE STUDENT'S NAME FOR THE STUDENT TO USE FOR ADMISSION, TUITION OR SCHOOL RELATED EXPENSES INCLUDING BOOKS AND ROOM AND BOARD. X X 1 1 X X X X X 0 0 0 WADE PAINTER PRESIDENT/CEO 573243 0 101724 0 0 0 16800 0 5856 0 697623 0 0 0 VALERIE ALSIP EVP/COO 327705 0 39154 0 0 0 16800 0 9048 0 392707 0 0 0 PATRICIA ELLINGSON VP REAL ESTATE LENDING 238781 0 28374 0 0 0 7416 0 14782 0 289353 0 0 0 DAVID DIAMOND VP, CFO 231868 0 22086 0 0 0 14272 0 17738 0 285964 0 0 0 JENNIFER WILKINSON SVP/CLO 218832 0 9367 0 0 0 8522 0 17360 0 254081 0 0 0 EMILIO JOHANSEN WEALTH ADVISOR 227072 0 0 0 0 0 13877 0 12481 0 253430 0 0 0 REBECCA NIXON VP HR 183011 0 22210 0 0 0 11230 0 12207 0 228658 0 0 0 ROBERT CARTER VP ADMINISTRATIVE SERVICES 175296 0 21368 0 0 0 10701 0 7925 0 215290 0 0 0 RICHARD KINZIE VP RISK 178622 0 18746 0 0 0 6816 0 9863 0 214047 0 0 0 IGNASIO MEDRANO VP DIGITAL SERVICES 174805 0 18890 0 0 0 10495 0 5211 0 209401 0 0 0 WILLIAM ANDREWS VP INFORMATION SERVICES 174485 0 20053 0 0 0 10139 0 4328 0 209005 0 0 0 ANATOLY VILDERMAN WEALTH ADVISOR 192410 0 0 0 0 0 7214 0 4911 0 204535 0 0 0 DANI ROBINSON VP CREDIT RISK 160841 0 17887 0 0 0 9881 0 8826 0 197435 0 0 0 DOREEN SZYMANKSKI VP MEMBER EXPERIENCE 164095 0 12993 0 0 0 9957 0 3095 0 190140 0 0 0 CHERYL RAYO AVP REAL ESTATE 143436 0 13735 0 0 0 8468 0 5083 0 170722 0 0 0 PART I, LINE 1A IN ACCORDANCE WITH THE SMCU BYLAWS AND EXPENDITURES POLICY, OFFICIALS, DIRECTORS AND SUPERVISORY COMMITTEE MEMBERS TRAVEL TO ATTEND CONTINUING EDUCATION AND INDUSTRY-RELATED SEMINARS, CONFERENCES AND MEETINGS. WADE PAINTER OFFICER OF ORGANIZATION FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY X 9659000 10517470 0 1 1 10517470 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B ANNUALLY, FORM 990 AND SUMMARY ARE PROVIDED TO THE BOARD OF DIRECTORS, EITHER PRIOR OR SUBSEQUENT TO FILING IN THE MONTH FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES OF THE CREDIT UNION SHALL NOT ENGAGE IN ANY ACTIVITIES WHICH ARE OR COULD BE IN CONFLICT WITH THEIR STATUS AS A CREDIT UNION EMPLOYEE. THIS INCLUDES THE USE OF ONE'S STATUS AS AN EMPLOYEE FOR PERSONAL PROFIT OR ADVANTAGE. IN ADDITION, IT IS UNLAWFUL FOR AN EMPLOYEE OR OFFICER OF THE CREDIT UNION TO USE INFORMATION AND DISCLOSURE OF MEMBER ASSETS AND PERSONAL DATA FOR PERSONAL GAIN OR OTHER FRAUDULENT PURPOSES. SUCH ACTIVITY ON THE PART OF ANY EMPLOYEE WILL RESULT IN IMMEDIATE DISMISSAL. ANNUALLY EMPLOYEES AND THE BOARD OF DIRECTORS MUST REVIEW, DISCLOSE, AND SIGN THE CONFLICT OF INTEREST DOCUMENT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT, OFFICERS AND KEY EMPLOYEES IS DETERMINED BY CONDUCTING AN INDEPENDENT COMPENSATION ANALYSIS, WHICH IS REVIEWED BY THE COMPENSATION COMMITTEE. THE COMPENSATION DETERMINATION IS ALSO SUPPORTED BY A WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY, APPROVAL OF BOARD AND INDEPENDENT COMPENSATION CONSULTANT. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART I, LINE 6: THE CREDIT UNION HAD SEVEN (7) VOLUNTEER MEMBERS ON THE BOARD OF DIRECTORS AND FIVE (5) VOLUNTEER MEMBERS ON THE SUPERVISORY COMMITTEE FOR 2019.