2020-11-11T10:59:16-06:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2019-01-01 951185803 CALIFORNIA COAST CREDIT UNION CALI 8586364251 PO BOX 502080 SAN DIEGO CA 92150 KENNETH HORTON VP ACCOUNTING & FINANCE 8586364251 2020-11-10 1 MARY C GREEN P00447183 6022662248 2020-11-10 67.137.57.251 2020-11-10 21:27:16 MS P 5E83B4D2F623A1635B106737111B0ED595857C68 02CA234FBCA38BC040217BAD4488B34B52AF085C 2019 2021-04-22 16:20:28Z TODD LANE PO BOX 502080 SAN DIEGO CA 92150 118869978 0 X WWW.CALCOASTCU.ORG X CREDIT UNION 1929 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 10 10 683 11 0 0 0 0 94585138 106818604 7271738 9589720 5506157 2319804 107363033 118728128 171526 236150 7505853 10964776 38825886 40229764 0 0 0 38150797 42368685 84654062 93799375 22708971 24928753 2505680521 2643805509 2209276913 2317239992 296403608 326565517 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 49630 0 683 1 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 0 0 CA X KENNETH HORTON 8774951600 9201 SPECTRUM CENTER BLVD SAN DIEGO CA 95123 TODD LANE CEO 40.00 X 722140 0 318246 KATHERINE CADY COO 40.00 X 866951 0 129920 ROBERT G DISOTELL CLO 40.00 X 435299 0 95952 ANGELA MORAN CIO 40.00 X 328471 0 30811 CHRISTINA LETHLEAN CFO (RESIGNED 4/19) 40.00 X 346872 0 7223 BARBARA KROL CHRO 40.00 X 294597 0 19563 LORI J DURAN SVP, BRANCH NETWORK DEV SO 40.00 X 248210 0 14554 MITZI G ZARCONE SVP, LENDING 40.00 X 243537 0 17592 KENNETH HORTON VP, ACCOUNTING & FINANCE 40.00 X 227671 0 30726 MILA PASCUA VP, INTERNAL AUDIT 40.00 X 223130 0 26571 SUSAN A WHITLEY VP, INFORMATION TECHNOLOGY 40.00 X 223136 0 19692 MATTHEW FICCO CFO 40.00 X 66528 0 3002 MEISHA SHERMAN SECRETARY 4.00 X X 1599 0 0 STEVE MCMAHON CHAIR 4.00 X X 1302 0 0 JAY SHEPARD VICE CHAIR 4.00 X X 0 0 0 BRUCE HUSSON DIRECTOR 2.00 X 0 0 0 DRBARBARA K BROOKS DIRECTOR 2.00 X 0 0 0 FRED WALTERS DIRECTOR (RESIGNED 2/19) 2.00 X 0 0 0 GARY ATKINSON DIRECTOR 2.00 X 0 0 0 FRED MEHLICK DIRECTOR 2.00 X 0 0 0 RICHARD J KNOTT DIRECTOR 2.00 X 0 0 0 WARREN RUIS DIRECTOR 2.00 X 0 0 0 RON VILLA ASSOCIATE DIRECTOR 2.00 X 0 0 0 4229443 0 713852 58 0 1 0 MASTERCARD 2000 PURCHASE STREET PURCHASE NY 10577 DEBIT AND CREDIT CARD PROCESSING 2779624 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 PLASTIC CARD NETWORK CONNECTION SERVICE 2218723 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 CORE SYSTEM SUPPORT 1782201 CU COOPERATIVE SYSTEM INC 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 PLASTIC CARD NETWORK CONNECTION SERVICE 1745649 ARK MARKETING AND MEDIA SOLUTIONS INC PO BOX 221075 SAN DIEGO CA 92192 MARKETING 1527385 74 INTEREST ON LOANS 522100 79651773 79651773 INTERCHANGE INCOME 522100 14188060 14188060 FEES & CHARGES 522100 12409930 12409930 SHARE INSURANCE FUND DISTRIBUTION 522100 298636 298636 COMMISSION INCOME 522100 270205 270205 106818604 9094683 9094683 1696014 141850 1554164 1554164 1554164 495037 0 495037 495037 495037 MISC INCOME 900099 765640 765640 765640 118728128 106818604 0 11909524 X 236150 10964776 3668476 30853297 690037 2502768 2515186 521076 53250 5470 3429098 5344652 3178923 5058610 5366684 443065 320278 8 3073013 388753 PLASTIC CARD EXPENSES 7254239 ALLOWANCE FOR LOAN LOSS 5154240 LOAN SERVICING EXPENSE 1203457 FRAUD AND OTHER LOSSES 1144421 429448 93799375 34113213 38023400 86897852 101573978 5745552 9293914 2073986733 2200057286 3275947 3879897 69898247 39573386 27058642 30324861 223105493 209966462 17885174 16842763 3167772 3167772 30444143 30675176 2505680521 2643805509 12018301 13932244 2197258612 2303307748 2209276913 2317239992 X 0 0 0 0 296403608 326565517 296403608 326565517 2505680521 2643805509 24928753 5233156 0 X X 0 0 0 5470 5470 5470 1 SAN DIEGO CREDIT UNION'S PAC PO BOX 85833 SAN DIEGO CA 92186 743032876 2500 DAVID BAUER 2150 RIVER PLAZA DR 150 SACRAMENTO CA 95833 263457749 2970 PART I-A, LINE 1: CONTRIBUTIONS TO POLITICAL ORGANIZATIONS. 11593645 11593645 27599174 17789781 9809393 7632756 6793230 839526 23072672 14990375 8082297 30324861 MEMBER SHARE & SAVINGS ACCOUNTS 2303307748 2303307748 1 CAL COAST CARES FOUNDATION P O BOX 421321 SAN DIEGO CA 92124 475249703 501(C)(3) 50500 TO SUPPORT PHILANTHROPIC EVENTS FOR STUDENTS AND TEACHERS LEUKEMIA AND LYMPHOMA SOCIETY 9150 CHESAPEAKE DR STE 100 SAN DIEGO CA 92123 135644916 501(C)(3) 20000 TO SUPPORT RESEARCH FOR A CURE OF LEUKEMIA AND LYMPHOMA. ZOOLOGICAL SOCIETY OF SAN DIEGO 1455 FRAZEE RD STE 200 SAN DIEGO CA 92108 951648219 501(C)(3) 147700 TO SUPPORT CONSERVATION FOR ENDANGERED WILDLIFE AND HABITATS. SAN DIEGO HUMANE SOCIETY 5500 GAINES STREET SAN DIEGO CA 92110 951661688 501(C)(3) 12500 DEDICATED TO ANIMAL WELFARE, PROVIDES ADOPTION & VETERINARIAN SERVICES PLUS TRAINING. BOYS & GIRLS CLUB OF SAN MARCOS 1 POSITIVE PL SAN MARCOS CA 92069 953330218 501(C)(3) 5950 TO SUPPORT LOCAL YOUTH REALIZE POTENTIAL AS PRODUCTIVE, RESPONSIBLE, CARINGS CITIZENS. 5 0 PART I, LINE 2: THE CREDIT UNION MAKES DONATIONS TO WORTHY ORGANIZATIONS WHO PROMOTE/SUPPORT CREDIT UNION COMMUNITY VALUES. THE CREDIT UNION DOES NOT MONITOR THE FUNDS AFTER THE DONATION IS MADE. X 1 1 X X X 1 1 0 TODD LANE CEO 565137 0 132003 0 25000 0 275681 0 42565 0 1040386 0 0 0 KATHERINE CADY COO 273481 0 74748 0 518722 0 111231 0 18689 0 996871 0 480722 0 ROBERT G DISOTELL CLO 186701 0 48118 0 200480 0 84867 0 11085 0 531251 0 159834 0 ANGELA MORAN CIO 260007 0 51667 0 16797 0 10759 0 20052 0 359282 0 0 0 CHRISTINA LETHLEAN CFO (RESIGNED 4/19) 93714 0 43447 0 209711 0 3896 0 3327 0 354095 0 0 0 BARBARA KROL CHRO 236650 0 43165 0 14782 0 9855 0 9708 0 314160 0 0 0 LORI J DURAN SVP, BRANCH NETWORK DEV SO 193127 0 28209 0 26874 0 5669 0 8885 0 262764 0 0 0 MITZI G ZARCONE SVP, LENDING 177094 0 28613 0 37830 0 8553 0 9039 0 261129 0 0 0 KENNETH HORTON VP, ACCOUNTING & FINANCE 171548 0 27280 0 28843 0 8116 0 22610 0 258397 0 0 0 MILA PASCUA VP, INTERNAL AUDIT 191207 0 12923 0 19000 0 7336 0 19235 0 249701 0 0 0 SUSAN A WHITLEY VP, INFORMATION TECHNOLOGY 180067 0 27242 0 15827 0 7913 0 11779 0 242828 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, LINES 4A-B 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 WERE CONTRIBUTIONS MADE TO THE 457F PLAN DURING 2019: TODD LANE - $263,145 KATHERINE CADY - $98,587 ROBERT DISOTELL - $74,436 THE FOLLOWING DISTRIBUTIONS WERE MADE FROM THE 457F PLAN DURING 2019: KATHERINE CADY - $480,722 ROBERT DISOTELL - $159,834 DURING 2019, CHRISTINA LETHLEAN RECEIVED A SEVERANCE PAYMENT OF $204,192. FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF DIRECTORS MAY APPOINT AN EXECUTIVE COMMITTEE OF NO FEWER THAN THREE (3) DIRECTORS, AND DELEGATE TO SUCH COMMITTEE THE POWER TO APPROVE MEMBERSHIP APPLICATIONS. WITH THE WRITTEN APPROVAL OF THE COMMISSIONER, THE EXECUTIVE COMMITTEE MAY ACT FOR THE BOARD OF DIRECTORS IN THE PURCHASE AND SALE OF SECURITIES, INVESTMENT AND WITHDRAWAL OF FUNDS, IN BORROWING FUNDS AND IN MAKING LOANS TO OTHER CREDIT UNIONS IN ACCORDANCE WITH APPLICABLE LAW AND REGULATIONS. 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 WAS REVIEWED BY THE ACCOUNTING MANAGER, DIRECTOR OF ACCOUNTING/CONTROLLER, AND THE VP OF ACCOUNTING & FINANCE AND THE CFO PRIOR TO FILING. THE FORM 990 IS MADE AVAILABLE TO THE EXECUTIVE COMMITTEE FOR REVIEW AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CURRENT CREDIT UNION POLICY RELIES ON INDIVIDUALS TO DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST DIRECTLY TO THE CHIEF EXECUTIVE OFFICER, 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 STAFF IS AWARE OF POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A HUMAN RESOURCES GATHERS INFORMATION AND USES 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. 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 IX, LINE 24E MISCELLANEOUS EXPENSES 271,842. ASSOCIATION DUES 157,606. FORM 990, PART XII FINANCIAL STATEMENTS AND REPORTING: AS ALLOWED BY STATE REGULATORY AUTHORITIES, THE AUDIT IS DONE AS OF MARCH 31ST. THE REPORTING PERIOD FOR THE AUDIT, THEREFORE, DOES NOT MATCH THE REPORTING PERIOD FOR THE 990. PER FOOTNOTE 1 IN THE CREDIT UNION'S MARCH 31, 2019 FINANCIAL STATEMENTS, THE CREDIT UNION IS EXEMPT UNDER IRC SECTION 501 (C) (14), FROM FEDERAL AND STATE INCOME TAXES. CALIFORNIA COAST FINANCIAL SERVICES LLC 9201 SPECTRUM CENTER BLVD SAN DIEGO CA 92123 330986534 INVESTMENTS CA 334 499 CALIFORNIA COAST CREDIT UNION