2019-10-17T12:04:06-05:00 2018-12-31 910189318 MOSS ADAMS LLP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2018-01-01 942600376 KEYPOINT CREDIT UNION KEYP 4087314100 2805 BOWERS AVENUE SANTA CLARA CA 95051 TRENT MCILHANEY CFO 4087314100 2019-10-14 1 WENDY CAMPOS P00448102 4159561500 2019-09-26 12.129.4.210 2019-10-14 17:19:05 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 66C70FE7EF4BBDAA4DEF06057012E8AA887C6567 2018 2020-03-31 21:24:44Z T BRADFORD CANFIELD 2805 BOWERS AVENUE SANTA CLARA CA 95051 93474967 0 X WWW.KPCU.COM X 1979 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 240 12 6470761 0 0 0 41620306 48955986 7166606 10407424 96072 687617 48882984 60051027 55182 39046 0 0 19288804 20400828 0 0 0 24630866 31704315 43974852 52144189 4908132 7906838 1200503152 1287458904 1105725189 1185792728 94777963 101666176 SEE SCHEDULE O 0 0 ACCOMPLISHMENT OF EXCELLENT LOAN SERVICES TO MEMBERS AND LOAN PORTFOLIO GROWTH THROUGH THE ORIGINATION OF CONSUMER AND MORTGAGE LOANS. ACCOMPLISHMENT OF TARGET GOALS IN MEMBER GROWTH (ACQUISITION OF NEW MEMBERS). MEMBER SATISFACTION IN CONNECTION WITH SERVICES PERTAINING TO CHECKING/SAVINGS ACCOUNTS, ATTRACTIVE CD RATES, IRA AND MONEY MARKET ACCOUNTS. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 13021 0 1 240 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X TRENT MCILHANEY 4087314118 2805 BOWERS AVE SANTA CLARA CA 95051 ROBERT LERNER BOARD MEMBER 5.00 X 0 0 0 MARSHA POENISH BOARD MEMBER 5.00 X 0 0 0 SARANDEEP MANDAIR BOARD MEMBER 5.00 X 0 0 0 KEITH STATTENFIELD BOARD MEMBER 5.00 X 0 0 0 GARY GARCIA BOARD MEMBER 5.00 X 0 0 0 JOHN TOM BOARD MEMBER 5.00 X 0 0 0 GREGORY EBY CHAIRPERSON 5.00 X X 0 0 0 BALJINDER SANDHU VICE CHAIRPERSON 5.00 X X 0 0 0 BUNNINDER FALAK BOARD SECRETARY/TREASURER 5.00 X X 0 0 0 TED CANFIELD PRESIDENT/CHIEF EXECUTIVE OFFICER 50.00 0.10 X 575602 0 29944 ANDY RAMOS CHIEF RETAIL OFFICER 50.00 X 269616 0 24811 ANTHONY VITALE CHIEF INFORMATION OFFICER 50.00 X 326971 0 38848 VI LUU CHIEF LENDING OFFICER 50.00 X 302298 0 31315 TIMOTHY GREEN CHIEF FINANCE OFFICER 50.00 X 327547 0 21622 LEEANNE GIBLIN CHIEF HUMAN RESOURCES OFFICER 50.00 X 296033 0 21229 DOUGLAS SCHROCK VP FINANCE 50.00 0.10 X 212352 0 29534 STEVEN WEILER SVP COMMERCIAL BANKING 50.00 X 261955 0 19328 LAWRENCE SCOFFIELD VP CORPORATE ADMIN 50.00 X 195386 0 25758 VICTOR SMILGYS VP IT ESERVICES 50.00 X 176615 0 31049 ARIE ELKINS VP IT INFRASTRUCTURE 50.00 X 162738 0 36694 BELINDA BLAIR VP MARKETING 50.00 X 175559 0 18786 MARSHA BERLINSKI VP RE LENDING 50.00 X 188016 0 8691 MICHAEL IVEZIC VP RISK MANAGEMENT 50.00 X 172663 0 17406 JUDITH SEPIK VP RETAIL OPERATIONS 50.00 X 71054 0 8768 VANESSA BROSAS VP RETAIL OPERATIONS (THROUGH 6/18) 50.00 X 88106 0 7342 PHUOC NGO NETWORK MANAGAER 50.00 X 154302 0 14958 JEFF AANA DIR COM SALES & ORIGINATION 50.00 X 179953 0 6218 DASH MCELROY CORE SYSTEM MANAGER 50.00 X 150895 0 32586 SHIOU-LIN CHEN DIRECTOR FINANCIAL REPORTING 50.00 0.13 X 151363 0 20980 HERMAN WHITE DIRECTOR COMMERCIAL BANKING 50.00 X 167183 0 9487 4606207 0 455354 41 0 1 0 FISERV 455 WINDING BROOK DRIVE GLASTONBURY CT 06033 CORE SYSTEM SERVICING 1075075 CU COOPERATIVE SYSTEMS INC 9692 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 DEBIT/CREDIT CARD NETWORK SERVICING 549007 BANKINGON INC 1107 SOUTH 8TH STREET STE F AUSTIN TX 78704 MOBILE BANKING SERVICE 478300 VISA DPS PO BOX 60000 SAN FRANCISCO CA 94160 DEBIT/CREDIT CARD NETWORK SERVICING 429364 DIEBOLD GLOBAL FINANCE CORPORATION 5995 MAYFAIR ROAD PO BOX 3077 NORTH CANTON OH 44750 ATM SERVICING 425768 42 INTEREST ON LOANS 522100 38338389 38338389 FEE INCOME 522100 5143056 4945378 197678 GAIN ON SALE OF LOANS 522100 2807616 2807616 OTHER OPERATING INCOME 522100 2666925 2472593 194332 48955986 10367745 6116110 4251635 33463619 33423940 39679 39679 39679 PENSION PLAN REIMBURSEMENT 900099 724976 724976 JOINT VENTURE K-1 INCOME 522291 -37359 -37359 687617 60051027 49288952 6470761 4291314 39046 4173635 12576923 417984 1961955 1270331 172156 107970 2800491 914216 3173817 1568042 2234179 122089 439055 13771906 2237127 PROVISION FOR LOAN LOSS 2594399 LOAN SERVICING 1426707 OPERATIONAL LOSSES 42670 PROVISION FOR TAXES 1866 97625 52144189 7029851 7452878 27954103 16230807 3252817 13361847 987024685 1045788838 5282406 5623521 38604316 23141108 16651600 15463208 110444913 146605940 28345666 18581693 14517111 18350172 1200503152 1287458904 18190949 15583406 14065 10809 486553 639568 130000000 140000000 957033622 1029558945 1105725189 1185792728 X 0 0 0 0 94777963 101666176 94777963 101666176 1200503152 1287458904 X 7906838 -1086079 67454 X 0 1 X 1 0 5403 0 5403 5403 1 CALIFORNIA CREDIT UNION LEAGUE - PAC 2855 E GUASTI ROAD ONTARIO CA 91761 952626042 5403 PART I-A, LINE 1: POLITICAL ACTION COMMITTEE CONTRIBUTION TO THE CALIFORNIA CREDIT UNION LEAGUE 0 1 X 6000000 6000000 8202812 4048966 4153846 2519097 1751013 768084 21882407 17341129 4541278 15463208 MEMBERS' SHARES 1029299530 OTHER MISCELLANEOUS LIABILITIES 259415 1029558945 X PART IV, LINE 2B: CUSTODIAL ACCOUNTS FOR FHLB PROGRAM LOAN SERVICER AND ESCROW ACCOUNT RELATED TO HAZARD INSURANCE AND PROPERTY TAX ON MORTGAGE LOAN PROPERTIES. PART X, LINE 2: FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") 740-10-65, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED, AND PRESENTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CREDIT UNION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE LIKELY THAN NOT" OF BEING SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE LIKELY THAN NOT THRESHOLD WOULD BE RECORDED AS TAX EXPENSES AND LIABILITIES IN THE CURRENT YEAR. FOR THE YEARS ENDED DECEMBER 31, 2018 AND 2017, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. 1 SANTA CLARA CITY LIBRARY FOUNDATIONS 2635 HOMESTEAD ROAD SANTA CLARA CA 95051 912125234 501(C)(3) 15000 SATAN CLARA CITY LIBRARY FOUNDATIONS SUNDAY FRIENDS FOUNDATION PO BOX 24887 SAN JOSE CA 95154 770518937 501(C)(3) 7000 SUNDAY FRIENDS FOUNDATION CREDIT UNIONS IN THE STATE OF CALIFORNIA 1351 HARTER PARKWAY YUBA CITY CA 95993 941484851 501(C)(14) 14275 SCCU/TLK CAMP FIRE RELIEF FUND 2 1 PART I, LINE 2: THE GRANT FUNDS ARE APPROVED BY THE CFO AND CEO OF THE ORGANIZATION BEFORE BEING DISBURSED TO THE ORGANIZATIONS. ALL FUNDS ARE USED IN THE US. X X 1 1 X X 0 1 0 TED CANFIELD PRESIDENT/CHIEF EXECUTIVE OFFICER 449861 0 101483 0 24258 0 0 0 29944 0 605546 0 0 0 ANDY RAMOS CHIEF RETAIL OFFICER 262189 0 0 0 7427 0 2655 0 22156 0 294427 0 0 0 ANTHONY VITALE CHIEF INFORMATION OFFICER 250410 0 62676 0 13885 0 11000 0 27848 0 365819 0 0 0 VI LUU CHIEF LENDING OFFICER 234533 0 61021 0 6744 0 10744 0 20571 0 333613 0 0 0 TIMOTHY GREEN CHIEF FINANCE OFFICER 253837 0 62230 0 11480 0 11136 0 10486 0 349169 0 0 0 LEEANNE GIBLIN CHIEF HUMAN RESOURCES OFFICER 213607 0 66766 0 15660 0 9576 0 11653 0 317262 0 0 0 DOUGLAS SCHROCK VP FINANCE 175481 0 21301 0 15570 0 9336 0 20198 0 241886 0 0 0 STEVEN WEILER SVP COMMERCIAL BANKING 139142 0 110333 0 12480 0 10391 0 8937 0 281283 0 0 0 LAWRENCE SCOFFIELD VP CORPORATE ADMIN 152294 0 19946 0 23146 0 8235 0 17523 0 221144 0 0 0 VICTOR SMILGYS VP IT ESERVICES 153575 0 18956 0 4084 0 7465 0 23584 0 207664 0 0 0 ARIE ELKINS VP IT INFRASTRUCTURE 121765 0 19335 0 21638 0 6188 0 30506 0 199432 0 0 0 BELINDA BLAIR VP MARKETING 154986 0 18600 0 1973 0 7447 0 11339 0 194345 0 0 0 MARSHA BERLINSKI VP RE LENDING 167401 0 17593 0 3022 0 7471 0 1220 0 196707 0 0 0 MICHAEL IVEZIC VP RISK MANAGEMENT 153818 0 13860 0 4985 0 7083 0 10323 0 190069 0 0 0 PHUOC NGO NETWORK MANAGAER 137153 0 8083 0 9066 0 6461 0 8497 0 169260 0 0 0 JEFF AANA DIR COM SALES & ORIGINATION 105645 0 69612 0 4696 0 6218 0 0 0 186171 0 0 0 DASH MCELROY CORE SYSTEM MANAGER 138219 0 8581 0 4095 0 4486 0 28100 0 183481 0 0 0 SHIOU-LIN CHEN DIRECTOR FINANCIAL REPORTING 137796 0 12369 0 1198 0 6455 0 14525 0 172343 0 0 0 HERMAN WHITE DIRECTOR COMMERCIAL BANKING 150237 0 14040 0 2906 0 6456 0 3031 0 176670 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OF $6,000 WAS PAID TO DOUGLAS SCHROCK IN 2018 AND TREATED AS TAXABLE COMPENSATION TO HIM. HEALTH CLUB DUES ARE PAID FOR SEVERAL OFFICERS AND ARE TREATED AS TAXABLE COMPENSATION FOR ANY PERSONAL USE. PART I, LINE 4B TED CANFIELD PARTICIPATED IN A 457(F) PLAN DURING THE YEAR AND THE PLAN WAS CONVERTED INTO A SPLIT DOLLAR LIFE INSURANCE PLAN IN 2018. VI LUU OFFICER 1ST MORTGAGE X 397000 337046 0 1 1 ARIE C ELKINS OFFICER 1ST MORTGAGE X 625000 562533 0 0 1 ARIE C ELKINS OFFICER AUTO LOAN X 38944 12650 0 0 1 ARIE C ELKINS OFFICER HELOC X 30000 12560 0 0 1 LAWRENCE D SCOFIELD OFFICER HELOC X 200000 87941 0 0 1 LAWRENCE D SCOFIELD OFFICER 1ST MORTGAGE X 110000 103592 0 0 1 LAWRENCE D SCOFIELD OFFICER AUTO LOAN X 20001 17062 0 0 1 TISHA D HARTMAN OFFICER UNSECURED X 25000 18775 0 0 1 TISHA D HARTMAN OFFICER AUTO LOAN X 22000 7564 0 0 1 TISHA D HARTMAN OFFICER AUTO LOAN X 39577 27148 0 0 1 VICTOR SMILGYS OFFICER AUTO LOAN X 14406 1892 0 0 1 VICTOR SMILGYS OFFICER AUTO LOAN X 28782 17023 0 0 1 ANTHONY VITALE OFFICER 1ST MORTGAGE X 975000 934433 0 1 1 TIMOTHY A GREEN OFFICER 1ST MORTGAGE X 920000 892296 0 1 1 TIMOTHY A GREEN OFFICER HELOC X 115000 107616 0 1 1 ANTHONY VITALE OFFICER HELOAN X 210173 209311 0 0 1 ANDY RAMOS OFFICER 1ST MORTGAGE X 146400 146198 0 1 1 TED CANFIELD OFFICER 1ST MORTGAGE X 1200000 1183043 0 1 1 TED CANFIELD OFFICER SPLIT DOLLAR X 8478878 8683164 0 1 1 13361847 FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: KEYPOINT 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 COMPETIITIVE RATES OF INTEREST, 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 CONDITIONS. AS A COOPERATIVE, KEYPOINT CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFIT, OR SERVICE OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS ARE PATRONS. FORM 990, PART VI, SECTION A, LINE 6 KEYPOINT 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. THE CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF KEYPOINT CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD OF THREE YEARS AND UNTIL THEIR SUCCESSORS SHALL HAVE BEEN ELECTED. 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 A COPY OF THE 990 IS MADE AVAILABLE TO BOARD MEMBERS WHO WISH TO HAVE A COPY OR REVIEW IT. A COPY OF THE 990 IS REVIEWED BY THE ORGANIZATION'S DIRECTOR OF FINANCIAL REPORTING, VP OF FINANCE, AND CFO BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C PER THE CREDIT UNION'S CONFLICT OF INTEREST POLICY, DIRECTORS, VOLUNTEERS AND EMPLOYEES ARE REQUIRED TO DISCLOSE THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. THE POLICY WAS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FOR THE ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY, THE VP OF RISK MANAGEMENT REVIEWS ACCOUNT ACTIVITY FOR ALL DIRECTORS, VOLUNTEERS, AND EMPLOYEES AND THEIR INTERESTS. IN ADDITION, THE ACCOUNTS PAYABLE SYSTEM IS REVIEWED TO ENSURE PROPRIETY OF ANY POTENTIAL CONFLICTS OF INTEREST AS APPLICABLE. THE CREDIT UNION ALSO MAINTAINS A POLICY THAT NO IMMEDIATE FAMILY MEMBERS OF THE BOARD OF DIRECTORS OR SUPERVISORY COMMITTEE MEMBERS MAY BECOME EMPLOYEES OF THE CREDIT UNION UNTIL TWO YEARS HAVE ELAPSED SINCE THEIR VOLUNTEER SERVICE WITH THE CREDIT UNION ENDED. THE CREDIT UNION DOES ALLOW DIRECTORS, VOLUNTEERS AND EMPLOYEES TO APPLY FOR LOANS THAT THE CREDIT UNION OFFERS TO ITS MEMBERSHIP. ALL LOAN APPLICATIONS FOR VICE-PRESIDENTS AND ABOVE, VOLUNTEERS AND BOARD MEMBERS REQUIRE THE APPROVAL OF THE BOARD OF DIRECTORS. DIRECTORS ARE RESTRICTED FROM PARTICIPATING IN THE DELIBERATIONS AND VOTING IN A TRANSACTION THAT PERTAINS TO THEM. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE CREDIT UNION. ALL VP POSITIONS AND ABOVE ARE REVIEWED FOR MARKET PLACE COMPENSATION AND SALARY RANGES ARE RECOMMENDED FOR ADJUSTMENT BASED ON SURVEY INFORMATION. THE CEO APPROVES THE RECOMMENDATION FOR SALARY STRUCTURE CHANGE. AFTER A PERFORMANCE REVIEW IS WRITTEN AND RATING IS DETERMINED, A MERIT INCREASE IS DETERMINED BY THE PERFORMANCE LEVEL AS LONG AS THE SALARY REMAINS IN THE RANGE. THE RECOMMENDATION FOR MERIT INCREASE IS APPROVED OVERALL BY THE INDIVIDUAL DEPARTMENT VP OR EVP. THE OVERALL GROUP IS APPROVED BY THE CEO. AN ANNUAL REVIEW OF COMPENSATION IS COMPLETED IN APRIL EVERY YEAR. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE POSTED IN THE BRANCH OFFICES MONTHLY. FORM 990, PART XI, LINE 9: BOOK TO TAX DIFFERENCE IN INVESTMENT INCOME 67,454. KEYPOINT FOUNDATION 2805 BOWERS AVENUE SANTA CLARA CA 95051 473954329 CHARITABLE GIVING CA 501(C)(3) PF KEYPOINT CREDIT UNION 1 KEYPOINT FINANCIAL SERVICES INC 2805 BOWERS AVENUE SANTA CLARA CA 95051 770018330 INSURANCE CA KEYPOINT CREDIT UNION C 10045 609163 1.00000 1 INTEGRATED CREDIT UNION SERVICES INC 2805 BOWERS AVENUE SANTA CLARA CA 95051 943140652 INSURANCE CA KEYPOINT CREDIT UNION C 3389 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0