2018-11-15T15:24:23-06:00 2017-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2017-01-01 941231186 SAN MATEO CREDIT UNION SANM 6503631716 350 CONVENTION WAY REDWOOD CITY CA 94063 DAVID DIAMOND CFO 6503631716 2018-11-14 1 GERALD B KISSELL P00092658 6123324300 108.171.131.186 2018-11-14 17:10:08 CS P 1BA616B2407D6986412C1913A36997CFB080A804 C0F43978DBA0C0105C9EC865D2B1B55C6AA9D490 2017 2019-02-21 02:37:17Z WADE PAINTER 350 CONVENTION WAY REDWOOD CITY CA 94063 74188078 0 X WWW.SMCU.ORG X 1952 CA 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. 7 7 210 14 209583 27594 0 0 38036954 42510186 5186118 5825936 1413214 881581 44636286 49217703 51500 110750 1399482 1399869 16428902 16437294 0 0 0 17946166 19508568 35826050 37456481 8810236 11761222 936616252 1008514781 843826537 903963844 92789715 104550937 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 (SMCU) IS A FULL SERVICE MID-SIZED CREDIT UNION, A FINANCIAL COOPERATIVE, THAT SERVES THE COMMUNITIES WITHIN SAN MATEO COUNTY, AND SELECT GEOGRAPHICAL AREAS OF SAN FRANCISCO. WE HAVE SEVEN BRANCHES THOUGHTOUT THESE GEOGRAPHICAL AREAS AND A HEADQUARTERS OFFICE LOCATED IN REDWOOD CITY, CALIFORNIA. AS OF YEAR END 2017, WE HAD APPROXIMATELY 89,000 MEMBER-OWNERS. WE HIT A MAJOR MILESTONE AND WERE JUST OVER $1 BILLION IN ASSETS AS OF YEAR END 2017. WE ASSIST OUR MEMBERS WITH FINANICAL NEEDS OFFERING AN ARRAY OF DEPOSIT AND SAVINGS ACCOUNTS, INVESTMENT SERVICES, AS WELL AS, PERSONAL, AUTO AND HOME PURCHASE OR REFINANCE LOANS.FOR PEOPLE WHO RESIDE, WORK, OR WORSHIP IN SAN MATEO COUNTY, SMCU OFFERS CONSUMER'S THE OPPORTUNITY, THROUGH APPLICATION, TO BECOME A MEMBER AND TO OPEN A SHARE ACCOUNT. A SHARE ACCOUNT IS A SAVINGS ACCOUNT AND ESTABLISHES MEMBERSHIP WITH SMCU. 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 CHECKING, MONEY MARKET AND CERTIFICATES 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 1 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 1 0 0 0 1 11540 0 1 210 1 1 1 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 6503631725 350 CONVENTION WAY REDWOOD CITY CA 94063 JOHN BEIERS CHAIR 1.00 X X 0 0 0 MAGDA GONZALEZ VICE CHAIR 1.00 X X 0 0 0 DONNA VAILLANCOURT SECRETARY 1.00 X X 0 0 0 BOB ADLER TREASURER 1.00 X X 0 0 0 PAUL SCANNEL DIRECTOR 1.00 X 0 0 0 BRIAN PONTY DIRECTOR 1.00 X 0 0 0 PATRICIA WEB DIRECTOR 1.00 X 0 0 0 WADE PAINTER PRESIDENT/CEO 40.00 X 524326 0 24266 JACK CHINN VP FINANCE 40.00 X 179733 0 2591 DAVID DIAMOND VP & CFO 40.00 X 49586 0 4841 VALERIE ALSIP EVP/COO 40.00 X 280973 0 31215 REBECCA NIXON VP HR 40.00 X 179454 0 23672 ROBERT CARTER VP ADMINISTATIVE SERVICES 40.00 X 184031 0 19426 DOREEN SZYMANKSKI VP MEMBER EXPERIENCE 40.00 X 164874 0 18921 WILLIAM ANDREWS VP INFORMATION SERVICES 40.00 X 158356 0 14478 DANI ROBINSON VP CREDIT RISK MGMT 40.00 X 155150 0 20199 HOLLY FRASER AVP FINANCIAL SERVICES 40.00 X 166018 0 16257 RICHARD KINZIE VP RISK 40.00 X 183108 0 19865 JONATHAN MEYER VP MKT & COMMUNITY RELATIONS 40.00 X 160860 0 16631 IGNASIO MEDRANO VP DIGITAL SERVICES 40.00 X 159394 0 17204 KATHLEEN BEHRENDT AVP LENDING 40.00 X 155281 0 5932 SYLIVA DIN FINANCE MANAGER 40.00 X 134838 0 6824 CHERYL RAYO AVP REAL ESTATE 40.00 X 126728 0 15073 JULIETA ABAD MORTGAGE ORGINATION MANAGER 40.00 X 134899 0 15340 ANATOLY VILDERMAN WEALTH ADVISOR 40.00 X 126078 0 11460 3223687 0 284195 20 0 1 0 FISERV INC 255 FISERV DRIVE BROOKFIELD WI 53045 CORE PROCESSING COMPUTER SYSTEM 1012782 FIS 601 RIVERSIDE AVE JACKSONVILLE FL 32204 SOFTWARE 379981 TOWER BUILDING MAINTENANCE 45450 INDUSTRIAL PL 13 FREEMONT CA 94538 BUILDING MAITENANCE 346060 CAHILL CONTRACTORS 425 CALIFORNIA STREET STE 2200 SAN FRANCISCO CA 94104 CONSTRUCTION OF REDWOOD CITY BRANCH 331520 KIMCO WESTLAKE LP 15 SOUTHGATE AVENUE SUITE 201 DALY CITY CA 94015 PROPERTY MANAGEMENT 288235 27 INTEREST ON LOANS 522100 28447399 28447399 FEE INCOME 522100 6058165 5885470 172695 INTERCHANGE INCOME 522100 5973225 5973225 OTHER NON-INTEREST INCOME 522100 2031397 1994509 36888 42510186 5523517 5523517 1444789 563208 881581 881581 881581 24709586 24407167 302419 302419 302419 49217703 42300603 209583 6707517 110750 1399869 2788061 10844004 204234 1563771 1037224 59059 196871 8814 842205 574423 2143530 2192528 49655 312186 1719175 1096579 209712 PROVISION FOR LOAN LOSS 1992101 ATM EXPENSES 1705386 CREDIT CARD EXPENSES 1680539 LENDING & COLLECTIONS 1046716 3679089 37456481 76213049 64410079 2641270 2462832 9659000 9937000 634494497 766676768 1141261 1005350 33843652 17258891 16103833 16584761 187253977 137699324 9109365 9738667 936616252 1008514781 6938440 6822494 836888097 897141350 843826537 903963844 X 0 0 0 0 92789715 104550937 92789715 104550937 936616252 1008514781 11761222 0 X 0 1 X 1 0 8814 8814 8814 1 CALIFORNIA CREDIT UNION LEAGUE PAC 2855 E GUASTI ROAD SUITE 600 ONTARIO CA 91761 8814 PART I-A, LINE 1: THE CREDIT UNION CONTRIBUTES TO POLICITAL ACTION COMMITTEES (PACS) IN SUPPORT OF CREDIT UNION ISSUES. 5000000 5000000 13363076 3491326 9871750 4516484 4516484 0 10964092 9251081 1713011 16584761 CORPORATE CREDIT UNIONS 600000 C CERTIFICATE OF DEPOSITS 14527000 C US GOVERNMENT AND FEDERAL AGENCY SECURITIES 103841458 C INVESTMENT IN OTHER FINANCIAL INSTITUTIONS 9936870 C FHLB MEMBERSHIP STOCK 4860000 C OTHER 2466371 C LOANS HELD FOR SALE 1467625 C 137699324 MEMBER SHARES 897141350 897141350 X PART X, LINE 2: FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. 1 SAN MATEO COUNTY HISTORICAL ASSOCIATION 2200 BROADWAY REDWOOD CITY CA 94063 237186194 501(C)(3) 10000 CONTRIBUTION TO THE ANNUAL LEADERSHIP COUNCIL REDWOOD CITY POLICE ACTIVITES LEAGUE 3399 BAY ROAD REDWOOD CITY CA 94063 943229506 501(C)(3) 10000 SPONSORSHIP OF BLUES FESTIVAL REDWOOD CITY- SAN MATEO COUNTY CHAMBER OF COMMERCE 1450 VETERANS BOULEVARD SUITE 125 REDWOOD CITY CA 94063 940377914 501(C)(3) 8000 SPONSORSHIP OF THE PROGRESS SEMINAR THE SEQUOIA AWARDS PO BOX 2355 REDWOOD CITY CA 94064 943148844 501(C)(3) 6750 SCHOLARSHIP DONATION TO ANNUAL AWARDS CHILDREN'S MIRACLE NETWORK HOSPITALS 2855 EAST GUASTI ROAD SUITE 600 ONTARIO CA 91761 870387205 501(C)(3) 6000 SPONSORS OF CREDIT UNION SACTOWN TEN-MILE RUN & KIDS WINE AUCTION FOX THEATER 2215 BROADWAY AVE REDWOOD CITY CA 94063 770306813 501(C)(3) 10000 PARTNERSHIP/RENTAL CITY OF REDWOOD CITY PO BOX 391 REDWOOD CITY CA 94064 15000 150TH CELEBRATION REDWOOD CREDIT UNION COMMUNITY FUND INC 3033 CLEVELAND AVE NO 100 SANTA ROSA CA 95403 475084832 501(C)(3) 20000 2017 NORTH BAY FIRE RELIEF 8 PART I, LINE 2: THE COMMUNITY RELATIONS DEPTARTMENT TEAM MAINTAINS RECORDS OF ALL GRANTS. X X 1 1 X X X X X 0 0 0 WADE PAINTER PRESIDENT/CEO 442822 0 81246 0 258 0 16200 0 9744 0 550270 0 0 0 JACK CHINN VP FINANCE 174233 0 5500 0 0 0 0 0 2591 0 182324 0 0 0 VALERIE ALSIP EVP/COO 264281 0 16434 0 258 0 15426 0 17397 0 313796 0 0 0 REBECCA NIXON VP HR 163746 0 15654 0 54 0 10049 0 14981 0 204484 0 0 0 ROBERT CARTER VP ADMINISTATIVE SERVICES 163059 0 20714 0 258 0 9950 0 11351 0 205332 0 0 0 DOREEN SZYMANKSKI VP MEMBER EXPERIENCE 148535 0 16201 0 138 0 9557 0 10478 0 184909 0 0 0 WILLIAM ANDREWS VP INFORMATION SERVICES 144627 0 13471 0 258 0 6502 0 8505 0 173363 0 0 0 DANI ROBINSON VP CREDIT RISK MGMT 143112 0 11780 0 258 0 9050 0 12326 0 176526 0 0 0 HOLLY FRASER AVP FINANCIAL SERVICES 153712 0 12214 0 92 0 7846 0 9458 0 183322 0 0 0 RICHARD KINZIE VP RISK 164732 0 18238 0 138 0 3810 0 16666 0 203584 0 0 0 JONATHAN MEYER VP MKT & COMMUNITY RELATIONS 146078 0 14728 0 54 0 9496 0 7688 0 178044 0 0 0 IGNASIO MEDRANO VP DIGITAL SERVICES 151588 0 7752 0 54 0 9123 0 9005 0 177522 0 0 0 KATHLEEN BEHRENDT AVP LENDING 142446 0 12472 0 363 0 0 0 6998 0 162279 0 0 0 JULIETA ABAD MORTGAGE ORGINATION MANAGER 122608 0 12291 0 0 0 2554 0 13377 0 150830 0 0 0 PART I, LINE 1A IN ACCORDANCE WITH THE SMCU BYLAWS AND EXPENDITURE POLICIES, OFFICIALS, DIRECTORS AND SUPERVISORY COMMITTEE MEMBERS TRAVEL TO ATTEND CONTINUED EDUCATION AND RELATED CONFERENCES, SEMINARS AND MEETINGS. WADE PAINTER OFFICER OF ORGANIZATION FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY X 9659000 9937000 0 1 1 9937000 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 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 AN INDEPENDENT COMPENSATION ANALYSIS IS CONDUCTED AND REVIEWED BY THE COMPENSATION COMMITTEE. 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 SIX (7) VOLUNTEER MEMBERS ON THE SUPERVISORY COMMITTEE FOR 2017. SMART SHOP AUTO SERVICES 350 CONVENTION WAY REDWOOD CITY CA 94063 262482830 AUTO BUYING SERVICES CA 165675 67005 SAN MATEO CREDIT UNION