2018-11-13T15:10:43-06:00 2017-12-31 042689883 WOLF & COMPANY PC 99 HIGH STREET 21ST FLOOR BOSTON MA 02110 990 2017-01-01 940755684 PATELCO CREDIT UNION PATE 8003588228 5050 HOPYARD ROAD PLEASANTON CA 94588 SUSAN GRUBER CFO 8003588228 2018-11-07 1 HARRY A KALAJIAN JR CPA P00464296 6174399700 38.97.84.98 2018-11-13 13:19:50 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 9996060E3BD5547C666E46130FF89D30C0A13335 2017 2019-02-21 02:37:17Z SUSAN GRUBER 5050 HOPYARD ROAD PLEASANTON CA 94588 362974586 0 1526 X WWW.PATELCO.ORG X CREDIT UNION 1936 CA SEE SCHEDULE O 15 15 840 15 235690 -1719132 0 0 159797027 182350329 30595968 29193384 7538002 8093841 197930997 219637554 0 0 0 0 59744853 63627840 0 0 0 88918513 103511732 148663366 167139572 49267631 52497982 5463556120 6055263986 4888321292 5429149538 575234828 626114448 SEE SCHEDULE O 0 0 PATELCO CREDIT UNION IS A STATE-CHARTERED CREDIT UNION THAT IS COMMITTED TO PROVIDE ITS MEMBERS WITH SUPERIOR FINANCIAL SERVICES. ITS PRIMARY FUNCTION IS TO PROVIDE LOANS TO ITS MEMBERS AS WELL AS ACCEPT DEPOSITS FROM THEM. IN 2016, THE CREDIT UNION PROVIDED MEMBERS WITH 3,592 NEW REAL ESTATE LOANS TOTALING $875,189,264, 40,709 NEW CONSUMER LOANS TOTALING $769,879,228, AND 750,895 DEPOSIT ACCOUNTS TOTALING $5,236,826,689. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 206212 0 1 840 1 1 1 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X SUSAN GRUBER 9254604613 5050 HOPYARD ROAD PLEASANTON CA 94588 PETER HANELT CHAIRMAN 5.00 X X 14988 0 0 GARICK ZILLGITT 2ND VICE CHAIR 5.00 X X 0 0 0 JESSE RIVERA TREASURER 5.00 X X 4008 0 0 TRACEY SCOTT DIRECTOR 5.00 X 633 0 0 JEFFREY PARKS 1ST VICE CHAIR 5.00 X X 12313 0 0 VICKIE RATH DIRECTOR 5.00 X 1469 0 0 LONNIE BARISH DIRECTOR 5.00 X 0 0 0 COLLEEN CABEY SECRETARY 5.00 X X 9084 0 0 RACE CHEN DIRECTOR 5.00 X 1506 0 0 LAURA CHAMBERS DIRECTOR 5.00 X 0 0 0 ROBERT A MCCORMISH DIRECTOR 5.00 X 1626 0 0 TREVOR THOMAS DIRECTOR 5.00 X 4494 0 0 DEBBIE CHAW DIRECTOR 5.00 X 0 0 0 SHARON WILSON DIRECTOR 5.00 X 0 0 0 JOHN RUBINO DIRECTOR 5.00 X 2043 0 0 ERIN MENDEZ PRESIDENT/CEO 40.00 X 802878 0 51467 SUSAN GRUBER SVP, CFO 40.00 X 430880 0 33744 KENNETH DARLING CHIEF CREDIT OFFICER 40.00 X 410201 0 10823 KEVIN LANDEL SVP, CHIEF INFORMATION OFF 40.00 X 404678 0 30670 SUSAN MAKRIS CHIEF HUMAN RESOURCE OFFIC 40.00 X 353824 0 25600 MELISSA MORGAN SVP, CHIEF RETAIL OFFICER 40.00 X 414661 0 37751 CHRISTOPHER ALLEN SVP, CHIEF RISK OFFICER 40.00 X 368327 0 28357 DEBORAH COLBY SVP, PLANNING & MEMBER EXP 40.00 X 263640 0 35688 PANSY FONG VP ACCOUNTING 40.00 X 237523 0 7781 REBECCA ARCIA-NICOLAY VP CONSUMER UNDERWRITING 40.00 X 182784 0 10968 VINCENT SALINAS VP OF HOME LOANS 40.00 X 266169 0 31949 AMEET SETH VP OF RETAIL & INVESTMENTS 40.00 X 266801 0 26223 LEILANI APOLONIO VP OPERATIONS 40.00 X 257226 0 24602 MICHELLE GADKER ANDERSON VP OF CONSUMER LENDING & CARD SERVICES 40.00 X 253518 0 26501 MARK PETERS VP PROJECT MANAGEMENT 40.00 X 252605 0 26412 MARTIN DOYLE VP OF TECHNOLOGY 40.00 X 267657 0 19353 ERIK WELCH VP RETAIL OPERATIONS 40.00 X 271698 0 17463 MATTHEW REIDY VP, FINANCIAL ANALYSIS & ANALYTICS 40.00 X 228285 0 24073 RINA JOHNSON VP MARKETING 40.00 X 209560 0 24890 BRENT GIFFORD VP INFORMATION SECURITY 40.00 X 257133 0 24988 MICHAEL POIRIER VP MEMBER BUSINESS LENDING 40.00 X 257816 0 26818 SRIVIDYA BALAJI VP SOFTWARE DEVELOPMENT 40.00 X 252397 0 21705 EMMANUEL PABLO FINANCIAL ADVISOR 40.00 X 502400 0 46793 JAMES F MARASCO HOME LOAN CONSULTANT 40.00 X 367538 0 30078 ARLENE J PIAZZA HOME LOAN CONSULTANT 40.00 X 300544 0 21356 ANDREW J KUSH DIRECTOR OF MORTGAGE SALES 40.00 X 271399 0 22347 JOSEPH E LONG INSURANCE AGENT 40.00 X 265694 0 23173 8670000 0 711573 40 0 1 0 DIEBOLD INCORPORATED POBOX 644399 PITTSBURG PA 152644399 ATM AND MAINTENANCE 2404122 RWEST 321 NE COUCH STREET SUITE 401 PORTLAND OR 97232 MARKETING SERVICES 1833296 FISERV INC PO BOX 80123 CITY OF INDUSTRY CA 917168123 CARD PROCESSING 1382525 TERAFINA INC PO BOX 2042 SAN FRANCISCO CA 94126 IT CONSULTING 1177562 ALKAMI TECHNOLOGIES INC PO BOX 670397 DALLAS TX 752670397 ONLINE/MOBILE BANKING HOST 1162717 80 INTEREST ON LOANS TO MEMBERS 522100 150095654 150095654 INTERCHANGE FEE INCOME 522100 14646531 14646531 SERVICE CHARGES 522100 13403437 13403437 ATM FEES 524298 4204707 3980335 224372 182350329 28305959 11318 28294641 15066 15066 0 143383384 826007 143321966 0 61418 826007 887425 887425 INVESTMENT ADVISORY INCOME 522100 3438390 3438390 MISC INCOME 900099 3383199 3383199 INSURANCE REVENUE 522100 1272252 1272252 8093841 219637554 190219798 235690 29182066 6962422 41318268 4466926 7122667 3757557 715070 393896 278818 2092214 3385191 4416981 6509927 9491726 1317206 40259198 3227068 909928 LOAN SERVICING EXPENSES 10532959 PROVISION FOR LOAN LOSS 7000000 ATM & OTHER PROCESSING 5465860 EQUIPMENT/MAINTENANCE 2530119 4985571 167139572 69690832 38480517 298646466 306012977 31730675 14657948 3583646602 4346466780 9771517 21668892 43988450 31680471 9368185 12307979 1351433918 1187751057 17505829 23151841 24410046 24410546 67352050 80355449 5463556120 6055263986 141270191 63295967 8264275 8970188 4738786826 5356883383 4888321292 5429149538 X 0 0 0 0 575234828 626114448 575234828 626114448 5463556120 6055263986 X 52497982 -3011274 1392912 X X 0 1 X 1 0 CCUL PAC VOLUNTARY CONTRIBUTION PO BOX 51476 ONTARIO CA 917610076 942329967 17000 BILL DODD FOR SENATE 2020 112711 11TH ST SUITE 606 SACRAMENTO CA 95814 999999999 2000 CATHARINE BAKER FOR ASSEMBLY 2018 4101 DUBLIN BOULEVARD SUITE F BOX DUBLIN CA 94568 999999999 150 SCHEDULE C, PART I-A, LINE 1 - DESCRIPTION OF POLITICAL ACTIVITIES THE CREDIT UNION'S ACTIVITES INCLUDE DONATIONS TO CAMPAIGNS AND PACS RELATED TO THOSE THAT SUPPORT CREDIT UNIONS AND SPECIFIC LEGISLATION THAT IS IMPORTANT AND BENEFICIAL TO CREDIT UNIONS. 0 1 X 480734 480734 788480 550289 238191 10260708 6690163 3570545 30420199 23689872 6730327 2038329 750147 1288182 12307979 REGULAR SHARES 908136880 SHARE DRAFTS 1020605479 MONEY MARKET ACCOUNTS 1823827958 SHARE CERTIFICATES 1282139335 IRA/KEOGH ACCOUNTS 93899168 TREASURY PLUS ACCOUNTS 98274563 FHLB ADVANCE 130000000 5356883383 X PART IV, LINE 2B: THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNT IN CONNECTION WITH THE MORTGAGE LOANS. THE CREDIT UNION COMPLIES WITH ALL FEDERAL & STATE LAWS REGARDING DISCLOSURES AND OPERATION OF THESE ACCOUNTS. PART X, LINE 2: THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION, AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, IRS SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (AS DEFINED IN SECTION 512) DERIVED BY STATE-CHARTERED CREDIT UNIONS. MANY STATES HAVE SIMILAR LAWS. THE SPECIFIC APPLICATION OF SECTION 512 TO THE VARIOUS ACTIVITIES CONDUCTED BY STATE-CHARTERED CREDIT UNIONS HAS BEEN AT ISSUE FOR MANY YEARS. DURING 2007, THE IRS ISSUED A SERIES OF TECHNICAL ADVICE MEMORANDA (TAM) TO A NUMBER OF STATE-CHARTERED CREDIT UNIONS LOCATED THROUGHOUT THE COUNTRY. IN LIGHT OF THE TAMS, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY. IN THE OPINION OF MANAGEMENT, ANY LIABILITY ARISING FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSES IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. FASB ASC 740-10-65, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE 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 A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016, 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. THE CREDIT UNION IS NOT SUBJECT TO EXAMINATTION BY U.S. FEDERAL AND STATE TAX AUTHORITIES FOR THE TAX YEAR BEFORE 2010. X 1 1 X X 0 1 0 ERIN MENDEZ PRESIDENT/CEO 594033 0 195000 0 13845 0 39200 0 12267 0 854345 0 0 0 SUSAN GRUBER SVP, CFO 332884 0 96497 0 1499 0 21200 0 12544 0 464624 0 0 0 KENNETH DARLING CHIEF CREDIT OFFICER 321493 0 88387 0 321 0 9217 0 1606 0 421024 0 0 0 KEVIN LANDEL SVP, CHIEF INFORMATION OFF 313728 0 88470 0 2480 0 16200 0 14470 0 435348 0 0 0 SUSAN MAKRIS CHIEF HUMAN RESOURCE OFFIC 271660 0 79968 0 2196 0 19023 0 6577 0 379424 0 0 0 MELISSA MORGAN SVP, CHIEF RETAIL OFFICER 321608 0 90409 0 2644 0 26868 0 10883 0 452412 0 0 0 CHRISTOPHER ALLEN SVP, CHIEF RISK OFFICER 286939 0 77741 0 3647 0 16931 0 11426 0 396684 0 0 0 DEBORAH COLBY SVP, PLANNING & MEMBER EXP 217776 0 45266 0 598 0 31179 0 4509 0 299328 0 0 0 PANSY FONG VP ACCOUNTING 183589 0 53292 0 642 0 6668 0 1113 0 245304 0 0 0 REBECCA ARCIA-NICOLAY VP CONSUMER UNDERWRITING 163960 0 13818 0 5006 0 10504 0 464 0 193752 0 0 0 VINCENT SALINAS VP OF HOME LOANS 214332 0 51231 0 606 0 31073 0 876 0 298118 0 0 0 AMEET SETH VP OF RETAIL & INVESTMENTS 240989 0 25426 0 386 0 16280 0 9943 0 293024 0 0 0 LEILANI APOLONIO VP OPERATIONS 207713 0 44712 0 4801 0 21158 0 3444 0 281828 0 0 0 MICHELLE GADKER ANDERSON VP OF CONSUMER LENDING & CARD SERVIC 233029 0 19869 0 620 0 15767 0 10734 0 280019 0 0 0 MARK PETERS VP PROJECT MANAGEMENT 201235 0 47272 0 4098 0 13600 0 12812 0 279017 0 0 0 MARTIN DOYLE VP OF TECHNOLOGY 213816 0 51402 0 2439 0 13943 0 5410 0 287010 0 0 0 ERIK WELCH VP RETAIL OPERATIONS 213764 0 53505 0 4429 0 15751 0 1712 0 289161 0 0 0 MATTHEW REIDY VP, FINANCIAL ANALYSIS & ANALYTICS 202468 0 25528 0 289 0 13540 0 10533 0 252358 0 0 0 RINA JOHNSON VP MARKETING 198995 0 10162 0 403 0 13446 0 11444 0 234450 0 0 0 BRENT GIFFORD VP INFORMATION SECURITY 230162 0 22277 0 4694 0 15356 0 9632 0 282121 0 0 0 MICHAEL POIRIER VP MEMBER BUSINESS LENDING 212895 0 44553 0 368 0 14265 0 12553 0 284634 0 0 0 SRIVIDYA BALAJI VP SOFTWARE DEVELOPMENT 222847 0 28944 0 606 0 15464 0 6241 0 274102 0 0 0 EMMANUEL PABLO FINANCIAL ADVISOR 74474 0 426953 0 973 0 39200 0 7593 0 549193 0 0 0 JAMES F MARASCO HOME LOAN CONSULTANT 81973 0 284721 0 844 0 17958 0 12120 0 397616 0 0 0 ARLENE J PIAZZA HOME LOAN CONSULTANT 76583 0 223867 0 94 0 17111 0 4245 0 321900 0 0 0 ANDREW J KUSH DIRECTOR OF MORTGAGE SALES 150240 0 118627 0 2532 0 16083 0 6264 0 293746 0 0 0 JOSEPH E LONG INSURANCE AGENT 99166 0 166291 0 237 0 16104 0 7069 0 288867 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - THE CREDIT UNION PROVIDES TRAVEL FOR COMPANIONS BENEFITS TO THE BOARD MEMBERS AND REPORTS APPLICABLE AMOUNTS AS TAXABLE BENEFITS. PART I, LINE 4B THE CREDIT UNION ENTERED INTO A 457(F) PLAN WITH ERIN MENDEZ, CEO. IN 2016, $172,764 WAS INCLUDED IN ERIN MENDEZ'S DEFERRED COMPENSATION ON SCHEDULE J, PART II, COLUMN (C). FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: PROVIDES A BROAD RANGE OF LOAN & DEPOSIT PRODUCTS AND OTHER FINANCIAL SERVICES TO ITS MEMBERS LOCATED IN NORTHERN CALIFORNIA AND ILLINOIS FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE ORGANIZATION IS A FULL SERVICE STATE-CHARTERED CREDIT UNION THAT PROVIDES A BROAD RANGE OF LOAN AND DEPOSIT PRODUCTS AND OTHER FINANCIAL SERVICES TO ITS MEMBERS LOCATED IN NORTHERN CALIFORNIA AND ILLINOIS USING VARIOUS CHANNELS INCLUDING BRANCHES, A CALL CENTER AND THE INTERNET. PART IV, LINE 26 - LOANS TO AND /OR FROM INTERESTED PERSONS SOME OF THE OFFICERS, DIRECTORS AND KEY EMPLOYEES HAVE LOANS OUTSTANDING FROM THE CREDIT UNION. THESE LOANS WERE OBTAINED IN THE ORDINARY COURSE OF BUSINESS OF THE CREDIT UNION ON THE SAME TERMS AVAILABLE TO ALL MEMBERS. BASED ON THE SCHEDULE L INSTRUCTIONS, THESE LOANS ARE NOT DISCLOSED. FORM 990, PART VI, SECTION A, LINE 6 PATELCO CREDIT UNION IS A STATE-CHARTERED CREDIT UNION ORGANIZED UNDER THE PROVISIONS OF THE CALIFORNIA CREDIT UNION ACT. MEMBERSHIP IN THE CREDIT UNION IS LIMITED TO THOSE INDIVIDUALS THAT QUALIFY FOR MEMBERSHIP, INCLUDING EMPLOYEES OF AT&T, WALGREENS AND OTHER SPECIFIC EMPLOYER SPONSORS, AND INDIVIDUALS WHO LIVE, WORK, OR WORSHIP IN ONE OF A SPECIFIC GROUP OF CITIES IN NORTHERN CALIFORNIA. THE FIELD OF MEMBERSHIP IS DEFINED BY THE CREDIT UNION BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERS ELECT BOARD OF DIRECTORS WITH VARIED TERMS AT AN ANNUAL MEETING HELD EACH YEAR. FORM 990, PART VI, SECTION A, LINE 7B THE CREDIT UNION MEMBERS ELECT BOARD OF DIRECTORS WITH VARIED TERMS AT AN ANNUAL MEETING HELD EACH YEAR. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CFO AND THE CHAIRPERSON OF THE FINANCE COMMITTEE. IT IS ALSO AVAILABLE TO ALL BOARD MEMBERS FOR REVIEW PRIOR FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES AND OFFICIALS ARE SUBJECTS TO CREDIT UNION CONFLICT OF INTEREST POLICIES. VIOLATIONS COULD BE SUBJECT TO DISCRIPLINARY ACTION. ALL IN-HOUSE ACCOUNTS HELD WITH THE CREDIT UNION ARE SUBJECT TO INTERNAL REVIEW. FORM 990, PART VI, SECTION B, LINE 15 ALL MANAGEMENT POSITIONS HAVE COMPENSATION SET BY THE POLICIES AND GUIDELINES APPROVED BY BOARD OF DIRECTORS OR CEO. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY POSING THEM IN EACH OF ITS RETAIL BRANCHES. ITS ANNUAL REPORTS AND FINANCIAL STATEMENTS ARE POSTED ON THE PATELCO CREDIT UNION'S WEBSITE AT WWW.PATELCO.ORG. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE TO THE MEMBERS UPON REQUEST IN WRITING. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME 1,392,912. 2C THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS OF PATELCO CREDIT UNION DURING THE TAX YEAR 2017. PATELCORP INSURANCE SERVICES INC 5050 HOPYARD RD PLEASANTON CA 94588 943068709 INS & INVESTMENTS CA PATELCO CREDIT UNION C 433741 1119158 1.00000 1 MEMBERS ADVANTAGE PLUS 5050 HOPYARD RD PLEASANTON CA 94588 943233988 AUTO BUYING SERVICES CA PATELCO CREDIT UNION C 139386 213502 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 MEMBERS ADVANTAGE PLUS M 139386 FMV MEMBERS ADVANTAGE PLUS Q 7255 FMV PATELCORP SERVICE ORGANIZATION M 433741 FMV PATELCORP SERVICE ORGANIZATION Q 230421 FMV PATELCORP SERVICE ORGANIZATION O 60191 FMV MEMBERS ADVANTAGE PLUS N 15066 FMV MEMBERS ADVANTAGE PLUS O 132678 FMV