2020-11-16T17:29:53-06:00 2019-12-31 420714325 RSM US LLP 801 NICOLLET MALL WEST TOWER STE 1100 MINNEAPOLIS MN 554022526 990 2019-01-01 941287157 COAST CENTRAL CREDIT UNION COAS 7074458801 2650 HARRISON AVENUE EUREKA CA 95501 JAMES SESSA PRESIDENT/CEO 7074458801 2020-11-16 1 KACIE MCEWEN P01599614 6123324300 2020-11-16 68.47.31.197 2020-11-16 15:56:04 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 03529DF6567CFB0D20C3C8C4F0F8DA9C5BDC3671 2019 2021-04-22 16:20:28Z JAMES SESSA 2650 HARRISON AVENUE EUREKA CA 95501 61195627 0 X WWW.COASTCCU.ORG X 1950 CA PROVIDING FINANCIAL SERVICES TO MEMBERS. 9 9 322 12 219600 -38156 0 0 39976703 43052068 15360906 18068504 -12044 18422 55325565 61138994 245845 244483 7754468 12817118 16087313 17961306 0 0 0 14652830 15649091 38740456 46671998 16585109 14466996 1473051481 1577082785 1315146162 1388911692 157905319 188171093 COAST CENTRAL CREDIT UNION'S MISSION IS TO BE THE PRIMARY FINANCIAL INSTITUTION FOR MEMBERS BY PROVIDING HIGH QUALITY FINANCIAL SERVICES AT COMPETITIVELY FAVORABLE RATES CONSISTENT WITH MAINTAINING FINANCIAL STRENGTH. 0 0 COAST CENTRAL PROVIDES A RANGE OF DEPOSIT SERVICES TO ITS APPROXIMATELY 65,000 MEMBERS. THESE INCLUDE SAVINGS, CHECKING, MONEY MARKET, AND SAVINGS CERTIFICATE ACCOUNTS. SERVICES CAN BE ACCESSED THROUGH OUR 12 MEMBER SERVICES BRANCHES, ONLINE, BY PHONE, OR THROUGH A LARGE NETWORK OF ATMS. WE OFFER MANY DIFFERENT LOAN PRODUCTS. THESE INCLUDE CREDIT CARDS, CONSUMER PERSONAL, AUTO, AND RV LOANS; REAL ESTATE PURCHASE, REFINANCE, AND HOME EQUITY LINES-OF-CREDIT; AND, MEMBER BUSINESS LOANS. LOAN DECISIONS ARE MADE LOCALLY, WITH KNOWLEDGE OF LOCAL CONDITIONS AND THE CREDIT UNION MEMBERS THEMSELVES. COAST CENTRAL IS ACTIVE IN SUPPORTING MANY LOCAL EVENTS AND CHARITIES. OVER $250,000 IS DONATED TO LOCAL CHARITABLE ORGANIZATIONS, COLLEGE SCHOLARSHIPS TO LOCAL HIGH SCHOOL GRADUATES, AND COMMUNITY PROJECTS, EACH YEAR. 0 0 1 0 0 0 0 1 0 1 1 0 0 1 0 0 0 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 20358 0 1 322 1 1 1 0 0 0 0 0 1 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 CA X JAMES SESSA 7074458801 2650 HARRISON AVENUE EUREKA CA 95501 X JAMES SESSA PRESIDENT/CEO 40.00 X 997608 0 66865 ROBERT MOORE VP MEMBER LOAN SERVICES 40.00 X 294218 0 44373 ED CHRISTIANS VP MEMBER INFORMATION SYSTEMS 40.00 X 273426 0 54096 FRED MOORE VP/CFO 40.00 X 265545 0 50444 ANN JADRO-BETTIGA VP HUMAN RESOURCES 40.00 X 234044 0 37996 KRISTIN BLAIR VP OPERATIONS 40.00 X 221359 0 38637 JOHN GRACYALNY VP MEMBER DIGITAL SERVICES 40.00 X 188901 0 14607 RONALD RUDEBOCK CHAIR 2.00 X X 0 0 0 DENISE JONES VICE CHAIRMAN 2.00 X X 0 0 0 JOHN GLADDING TREASURER 2.00 X X 0 0 0 JOYCE JURY SECRETARY 2.00 X X 0 0 0 BRENDAN MCKENNY DIRECTOR 1.00 X 0 0 0 KELLY WALSH DIRECTOR 1.00 X 0 0 0 ROBIN BAILIE DIRECTOR 1.00 X 0 0 0 PETER PENNEKAMP DIRECTOR 1.00 X 0 0 0 LOUIS BUCHER DIRECTOR 1.00 X 0 0 0 2475101 0 307018 13 0 1 0 CDW DIRECT LLC PO BOX 75723 CHICAGO IL 60675 DATA SERVICES 954999 Q2 SOFTWARE INC PO BOX 205970 DALLAS TX 75320 ON LINE SERVICE PROVIDER 618613 COX RASMUSSEN 2830 F STREET EUREKA CA 95501 ADVERTISING 560963 CUBUS 3049A INDEPENDENCE DR LIVERMORE CA 94551 MEMBER STATEMENT PROVIDER 493618 CORELATION INC 2305 HISTORIC DECATUR RD STE 300 SAN DIEGO CA 92106 SOFTWARE PROVIDER 474196 18 INTEREST ON LOANS 522100 30737430 30737430 SERVICE INCOME 522100 12222230 12002630 219600 OTHER MISC INCOME 522100 92408 92408 43052068 18072570 18072570 70989 52567 18422 18422 18422 4066 -4066 -4066 -4066 61138994 42832468 219600 18086926 200000 44483 12817118 1380462 12453818 1551259 1581529 994238 19208 186478 2599987 1138857 1969283 566979 1135241 68561 214585 2088691 2977589 166706 PROVISION FOR LOAN & OV 2191614 DUES & SUBSCRIPTIONS 111298 PUBLIC RELATIONS 90037 STAFF EVENTS/APPRECIATI 81949 42028 46671998 260348928 261562869 5018644 5485055 7064292 6511961 672985945 708661971 560699 671194 31339347 10728672 17976436 20610675 491692444 556291424 17404093 17287636 1473051481 1577082785 4822104 4498829 1084762 1292493 66472046 65176583 1242767250 1317943787 1315146162 1388911692 X 0 0 0 0 157905319 188171093 157905319 188171093 1473051481 1577082785 14466996 15798778 0 X 0 1 X 1 0 7000 0 7000 7000 1 CALIFORNIA CREDIT UNION LEAGUE PAC PO BOX 51476 ONTARIO CA 91761 942329967 7000 0 PART I-A, LINE 1: THE CREDIT UNION CONTRIBUTES TO THE CALIFORNIA CREDIT UNION LEAGUE PAC TO SUPPORT CREDIT UNION ISSUES. 0 1 X 1667245 1667245 16928347 3803141 13125206 970912 732919 237993 2967504 2443932 523572 8805339 3748680 5056659 20610675 FHLB STOCK 8128100 C FHLB DAILY 68881 C AVAILABLE FOR SALE GOV'T SECURITIES 188720487 F MORTGAGE-RELATED SECURITIES 359373956 F 556291424 ACCRUED INTEREST PAYABLE 15552 WORK IN PROCESS 4498916 SHARES 1313429319 1317943787 PART IV, LINE 2B: THE CREDIT UNION ACTS AS CUSTODIAN ON BEHALF OF ITS MEMBER'S ESCROWED FUNDS; WHICH ARE UTILIZED TO PAY TAXES AND INSURANCE ON BEHALF OF ITS MEMBERS. 1 DEL NORTE SHERIFF SEARCH & RESCUE 650 FIFTH STREET EUREKA CA 95531 680469654 501(C)(3) 8268 EMERGENCY VEHICLE PURCHASE DOWNRIVER VOLUNTEER FIRE CO PO BOX 608 BIG BAR CA 96010 680257965 501(C)(3) 10000 SAFETY FACILITY FORTUNA SENIOR SERVICES 2280 NEWBURG ROAD FORTUNA CA 95540 200322659 501(C)(3) 8000 COMPUTER LAB NORTHCOAST REGIONAL LAND TRUST PO BOX 398 BAYSIDE CA 95524 680486290 501(C)(3) 8000 FRESHWATER FARMS CLASSROOMS CITY OF BLUE LAKE PO BOX 458 BLUE LAKE CA 95525 946000302 501(C)(3) 5000 AUTOMATED DEFIBRILLATORS HUMBOLDT CHILD ABUSE SERVICES 2440 SIXTH STREET EUREKA CA 95501 946000513 501(C)(3) 5000 MEAL VOUCHERS FOR C.A.S.T. COUNTY OF DEL NORTE 981 H STREET SUITE 250 CRESCENT CITY CA 95531 942254126 501(C)(3) 7000 REC CENTER GYM FLOOR RESTORATION AFFORDABLE HOMELESS HOUSING PO BOX 3794 EUREKA CA 95502 810713410 501(C)(3) 23975 MOBILE HYGIENE STATION HUMBOLDT YOUTH SOCCER PO BIOX 6784 EUREKA CA 95502 680080353 501(C)(3) 12200 NEW SOCCER GOALS EUREKA RESCUE MISSION PO BOX 76 EUREKA CA 95502 946135983 501(C)(3) 13429 HOMELESS SHELTER TOYS FOR TOTS - MARINES 2383 MYRTLE AVENUE EUREKA CA 95501 233021444 501(C)(3) 10579 STORAGE CONTAINERS 2-1-1 HUMBOLDT INFO & RESOURCE CENTER PO BOX 6683 EUREKA CA 95502 465092911 501(C)(3) 5250 CLOTHING GIFT CARDS 12 0 LOCAL COLLEGE SCHOLARSHIPS 41 44483 PART I, LINE 2: THE MARKETING DEPARTMENT APPROVES PAYMENT OF GRANT EXPENSES TO ORGANIZATIONS AND THE ADMINISTRATION APPROVES SCHOLARSHIPS. FUNDS ARE SENT DIRECTLY TO THE FINANCIAL AID OFFICES OF THE COLLEGES THE STUDENTS WILL BE ATTENDING. IF THE STUDENTS DO NOT ACTUALLY ENROLL, THE FUNDS ARE RETURNED TO THE CREDIT UNION. ORGANIZATIONS PROVIDE A PACKET OF BACKGROUND INFORMATION ABOUT THEIR SERVICE/ORGANIZATION WHEN APPLYING FOR A GRANT. THE ORGANIZATION'S ARE LOCAL SO THE CREDIT UNION IS AWARE OF HOW THE FUNDS ARE USED. X X X 1 1 X X X 0 0 0 JAMES SESSA PRESIDENT/CEO 697621 0 288873 0 11114 0 41250 0 25615 0 1064473 0 0 0 ROBERT MOORE VP MEMBER LOAN SERVICES 230038 0 56680 0 7500 0 36408 0 7965 0 338591 0 0 0 ED CHRISTIANS VP MEMBER INFORMATION SYSTEMS 209186 0 56740 0 7500 0 27777 0 26319 0 327522 0 0 0 FRED MOORE VP/CFO 225357 0 31188 0 9000 0 12793 0 37651 0 315989 0 0 0 ANN JADRO-BETTIGA VP HUMAN RESOURCES 181281 0 42293 0 10470 0 35436 0 2560 0 272040 0 0 0 KRISTIN BLAIR VP OPERATIONS 169639 0 45720 0 6000 0 19976 0 18661 0 259996 0 0 0 JOHN GRACYALNY VP MEMBER DIGITAL SERVICES 162359 0 8000 0 18542 0 0 0 14607 0 203508 0 0 0 PART I, LINE 1A TRAVEL - BOARD MEMBERS CAN TAKE A GUEST ON UP TO TWO CONFERENCES PER YEAR. THE GUEST EXPENSES PAID BY THE CREDIT UNION ARE REPORTED AS TAXABLE INCOME TO THE BOARD MEMBER. MEMBERSHIP DUES - THE CREDIT UNION PAYS FOR MANAGEMENT EMPLOYEES' DUES TO SERVICE CLUBS SUCH AS ROTARY, KIWANIS, ETC., FOR EDUCATIONAL, NETWORKING, AND COMMUNITY SERVICE PURPOSES. JAMES SESSA PRESIDENT/CEO LOAN TO FUND INSURANCE POLICY X 146210 6511961 0 1 1 6511961 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 THE ACCOUNTING DEPARTMENT PREPARES THE INFORMATION WHICH IS THEN REVIEWED BY SENIOR MANAGEMENT. THE 990 IS PRESENTED TO THE BOARD CHAIR BEFORE FILING, AND A COPY IS MADE AVAILABLE FOR ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION HAS A CONFLICT OF INTEREST POLICY FOR ITS STAFF, OFFICIALS, AND THE BOARD OF DIRECTORS. CONFLICT OF INTEREST BY EMPLOYEES WHEN HANDLING MEMBER ACCOUNTS IS MONITORED BY THE COMPUTER SYSTEM. BOARD MEMBERS CANNOT VOTE ON MATTERS WHERE THERE IS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY DURING THE BUDGET PROCESS, THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION RANGES FOR EACH POSITION. THESE RANGES ARE DEVELOPED BY THE HUMAN RESOURCES DEPARTMENT USING COMPARABLE DATA SPECIFIC TO THE CREDIT UNION INDUSTRY. THE CEO SALARY IS BY CONTRACT AND REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE LOBBIES OF ALL OFFICES. ALL OTHER REQUESTS MUST BE PRESENTED IN WRITING TO THE BOARD OF DIRECTORS. DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PT VII AND SCHEDULE J, PT II - COMPENSATION RELATED DISCLOSURES SCHEDULE J EXPLANATION OF "BONUS AND INCENTIVE COMPENSATION" THE CREDIT UNION HAS TWO PRIMARY INCENTIVE COMPENSATION PLANS, AN ANNUAL INCENTIVE COMPENSATION PLAN THAT ALL EMPLOYEES ARE ELIGIBLE FOR AND A LONG-TERM DEFERRED INCENTIVE COMPENSATION PLAN FOR ELIGIBLE SENIOR MANAGEMENT. GOALS ARE ESTABLISHED BY THE CREDIT UNION FOR EACH OF THESE PLANS TO PROVIDE INCENTIVE AND REWARDS TO EMPLOYEES FOR ACHIEVING RESULTS THAT IMPROVE AND STRENGTHEN THE CREDIT UNION. THE GOALS ARE ESTABLISHED FOR EACH OF THESE PLANS AT THE BEGINNING OF THE INCENTIVE PLAN PERIOD. FOR THE ANNUAL PLAN,PAYOUTS ARE MADE TO PARTICIPANTS BASED UPON ACHIEVEMENT OF THE ANNUAL GOALS. FOR THE LONG-TERM DEFERRED PLAN, THE GOALS MUST BE ACHIEVED OVER A THREE YEAR PERIOD FOR THE PARTICIPANT TO EARN A PAYOUT UNDER THE PLAN. SCHEDULE J EXPLANATION OF "OTHER REPORTABLE COMPENSATION" THE CREDIT UNION HAS ESTABLISHED A 401K RETIREMENT PLAN FOR ALL ELIGIBLE EMPLOYEES. IT HAS ALSO PUT IN PLACE OTHER PLANS AND FUNDING PAYMENTS TO PROVIDE A REASONABLE TARGETED RETIREMENT BENEFIT FOR HIGHER PAID EMPLOYEES BECAUSE OF THE LIMITATIONS UNDER QUALIFIED PLANS SUCH AS OUR 401K PLAN, WHICH CREATES A REVERSE DISCRIMINATION EFFECT. THE CREDIT UNION PROVIDES IN LIEU PAYMENTS TO AN INDIVIDUAL ONCE THE QUALIFIED LIMIT IS REACHED EQUAL TO WHAT OTHERWISE WOULD HAVE BEEN CONTRIBUTED TO THE PLAN IF NOT FOR THE LIMITATION. IN 2010 COAST CENTRAL CREDIT UNION ATTACHED TO ITS 990 FILING A "SPLIT DOLLAR NONRECOURSE LOAN REPRESENTATION". THE 2019 FORM 990 DOES NOT ALLOW PDF ATTACHMENTS TO BE INCLUDED WITH THE ELECTRONICALLY FILED FORM 990, WITH THE EXCEPTION OF SPECIFIC ATTACHMENTS REQUIRED BY THE IRS. COAST CENTRAL CREDIT UNION HAS AN E-FILE REQUIREMENT AND CANNOT PAPER FILE UNLESS REQUIRED TO DO SO BY THE IRS. IF A PAPER COPY OF THE RETURN IS FILED WHEN IT IS NOT REQUIRED THE IRS MAY CONSIDER THE RETURN AS NOT TIMELY FILED; THEREFORE THE "SPLIT DOLLAR NONRECOURSE LOAN REPRESENTATION" IS AVAILABLE TO THE IRS UPON REQUEST. FORM 990, PART I, LINE 6 DURING 2019 THE CREDIT UNION HAD 12 VOLUNTEERS; WHICH CONSISTED OF THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE.