2019-10-29T17:52:43-05:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2018-01-01 951185803 CALIFORNIA COAST CREDIT UNION CALI 8586364251 PO BOX 502080 SAN DIEGO CA 92150 KENNETH HORTON VP ACCOUNTING & FINANCE 8586364251 2019-10-22 1 MARY C GREEN P00447183 6022662248 67.137.57.251 2019-10-22 07:52:41 US P FD94BE241EB30D59D427851B854338419E5FBD2E 0F8E070079B3822AD2CB83B8DB3E34CBC54CDB6E 2018 2019-02-21 02:37:17Z TODD LANE PO BOX 502080 SAN DIEGO CA 92150 107599771 0 X WWW.CALCOASTCU.ORG X CREDIT UNION 1929 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 648 16 0 16399 0 0 84610263 94585138 5757307 7271738 4218057 5506157 94585627 107363033 182350 171526 4809197 7505853 35936651 38825886 0 0 0 31809054 38150797 72737252 84654062 21848375 22708971 2393373617 2505680521 2119242486 2209276913 274131131 296403608 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 1 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 42324 0 648 1 1 1 0 0 0 0 0 0 0 X 9 9 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 FRED MEHLICK CHAIR 4.00 X X 0 0 0 JAY SHEPARD SECRETARY 4.00 X X 0 0 0 STEVE MCMAHON 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 2.00 X 0 0 0 GARY ATKINSON DIRECTOR 2.00 X 0 0 0 MEISHA SHERMAN DIRECTOR 2.00 X 0 0 0 RICHARD J KNOTT DIRECTOR 2.00 X 0 0 0 TODD LANE CEO 40.00 X 631250 0 268936 CHRISTINA LETHLEAN CFO 40.00 X 302443 0 84528 BARBARA KROL CHRO 40.00 X 238842 0 17507 ANGELA MORAN CIO 40.00 X 286192 0 27945 ROBERT G DISOTELL CLO 40.00 X 285590 0 97981 KATHERINE CADY COO 40.00 X 380547 0 131386 LORI J DURAN SVP, BRANCH NETWORK DEV SO 40.00 X 230324 0 16683 RENE MCKEE SVP, COMMUNITY & PUBLIC RELATIONS 40.00 X 206284 0 15761 MITZI G ZARCONE SVP, LENDING 40.00 X 225800 0 16706 KENNETH HORTON VP, ACCOUNTING & FINANCE 40.00 X 211192 0 29594 SUSAN A WHITLEY VP, INFORMATION TECHNOLOGY 40.00 X 210757 0 24277 3209221 0 731304 33 0 1 0 MASTERCARD 2000 PURCHASE STREET PURCHASE NY 10577 DEBIT AND CREDIT CARD PROCESSING 1636262 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 PLASTIC CARD NETWORK CONNECTION SERVICE 1545271 CU COOPERATIVE SYSTEM INC 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 PLASTIC CARD NETWORK CONNECTION SERVICE 1267194 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 CORE SYSTEM SUPPORT 1112887 MILNER BUTCHER MEDIA GROUP LLC 11150 W OLYMPIC BLVD LOS ANGELES CA 90064 MARKETING 956995 71 INTEREST ON LOANS 522100 69860103 69860103 INTERCHANGE INCOME 522100 13287507 13287507 FEES & CHARGES 522100 11437528 11437528 94585138 7367689 7367689 1602660 140787 1461873 1461873 1461873 95951 -95951 -95951 -95951 MISC INCOME 522100 3659330 3659330 COMMISSION INCOME 522100 384954 384954 4044284 107363033 98629422 0 8733611 X 171526 7505853 2753147 30473651 617616 2607650 2373822 382855 50000 3394998 4459359 3182499 3790665 5173612 390018 293943 5 2857043 403364 PLASTIC CARD EXPENSES 6293091 ALLOWANCE FOR LOAN LOSS 4817084 FRAUD AND OTHER LOSSES 1197534 LOAN SERVICING EXPENSE 1184829 279898 84654062 7045408 34113213 150635989 86897852 5504625 5745552 1878400098 2073986733 3459024 3275947 65201572 38142930 27197961 27058642 276739441 229052465 12898468 11938202 3167772 3167772 28324831 30444143 2393373617 2505680521 16524983 12018301 2102717503 2197258612 2119242486 2209276913 X 0 0 0 0 274131131 296403608 274131131 296403608 2393373617 2505680521 22708971 -436494 0 X X 0 0 0 5320 5320 5320 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 2820 PART I-A, LINE 1: CONTRIBUTIONS TO POLITICAL ORGANIZATIONS. 11593645 11593645 27548579 17166817 10381762 7614309 6521066 1093243 18445039 14455047 3989992 27058642 MEMBER SHARE & SAVINGS ACCOUNTS 2197258612 2197258612 1 CAL COAST CARES FOUNDATION P O BOX 421321 SAN DIEGO CA 92124 475249703 501(C)(3) 62500 TO SUPPORT PHILANTHROPIC EVENTS FOR STUDENTS AND TEACHERS LLS - LEUKEMIA AND LYMPHOMA SOCIETY 9150 CHESAPEAKE DR STE 100 SAN DIEGO CA 92123 135644916 501(C)(3) 33826 TO SUPPORT RESEARCH FOR A CURE OF LEUKEMIA AND LYMPHOMA RICHARD MYLES JOHNSON FOUNDATION 5500 GAINES STREET SAN DIEGO CA 92110 956141173 501(C)(3) 5000 TO SUPPORT YOUTH FINANCIAL EDUCATION EFFORTS ZOOLOGICAL SOCIETY OF SAN DIEGO 1455 FRAZEE RD STE 200 SAN DIEGO CA 92108 951648219 501(C)(3) 57700 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. 5 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 0 1 0 TODD LANE CEO 537275 0 83384 0 10591 0 243421 0 25515 0 900186 0 0 0 CHRISTINA LETHLEAN CFO 260644 0 33881 0 7918 0 70397 0 14131 0 386971 0 0 0 BARBARA KROL CHRO 215059 0 19104 0 4679 0 8683 0 8824 0 256349 0 0 0 ANGELA MORAN CIO 256698 0 23933 0 5561 0 8276 0 19669 0 314137 0 0 0 ROBERT G DISOTELL CLO 239709 0 36662 0 9219 0 81462 0 16519 0 383571 0 0 0 KATHERINE CADY COO 323940 0 49041 0 7566 0 113232 0 18154 0 511933 0 0 0 LORI J DURAN SVP, BRANCH NETWORK DEV SO 207068 0 20331 0 2925 0 7893 0 8790 0 247007 0 0 0 RENE MCKEE SVP, COMMUNITY & PUBLIC RELATIONS 185697 0 17919 0 2668 0 7200 0 8561 0 222045 0 0 0 MITZI G ZARCONE SVP, LENDING 202425 0 20487 0 2888 0 7993 0 8713 0 242506 0 0 0 KENNETH HORTON VP, ACCOUNTING & FINANCE 190076 0 19697 0 1419 0 7794 0 21800 0 240786 0 0 0 SUSAN A WHITLEY VP, INFORMATION TECHNOLOGY 185588 0 19622 0 5547 0 7784 0 16493 0 235034 0 0 0 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. THERE ARE FOUR PARTICIPANTS IN THE PLAN. TODD LANE $231,216 - CONTRIBUTION TO 457 (F) PLAN KATHY CADY $100,922 - CONTRIBUTION TO 457 (F) PLAN ROB DISOTELL $71,528 - CONTRIBUTION TO 457 (F) PLAN CHRISTINA LETHLEAN $60,039 - CONTRIBUTION TO 457 (F) PLAN FORM 990, PART III, LINE 3 IN THE SECOND QUARTER, WE SWITCHED FROM COOP TO PSCU DRIVING OUR ATM NETWORK AND DEBIT/CREDIT CARDS. 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 ASSOCIATION DUES 150,037. MISCELLANEOUS EXPENSES 129,861. 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, 2018 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 705 164 CALIFORNIA COAST CREDIT UNION