2025-11-17T12:32:26-06:00 2024-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2024-01-01 941287157 COAST CENTRAL CREDIT UNION COAS 7074458801 2650 HARRISON AVENUE EUREKA CA 95501 DANIELLE GRUBER VP/CFO 7074458801 2025-11-16 1 0 JENIFER L CHASE P01306883 5638884000 2025-11-16 2024 2025-03-06 01:10:19Z FRED MOORE 2650 HARRISON AVENUE EUREKA CA 95501 101231064 0 X WWW.COASTCCU.ORG X 1950 CA PROVIDING FINANCIAL SERVICES TO MEMBERS. 8 8 338 102 224996 0 0 0 53747329 68120652 31526190 33011551 62971 57623 85336490 101189826 357500 350471 0 0 24041199 26261360 0 0 0 49110125 60465691 73508824 87077522 11827666 14112304 2050365109 2183365831 1894048238 2007679607 156316871 175686224 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 CREDIT UNION PROVIDES A RANGE OF DEPOSIT SERVICES TO ITS APPROXIMATELY 78,000 MEMBERS. THESE INCLUDE SAVINGS, CHECKING, MONEY MARKET, AND SAVINGS CERTIFICATE ACCOUNTS. SERVICES CAN BE ACCESSED THROUGH OUR 11 MEMBER SERVICES BRANCHES, ONLINE, BY PHONE, OR THROUGH A LARGE NETWORK OF ATMS. COAST CENTRAL CREDIT UNION OFFERS 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 CREDIT UNION IS ACTIVE IN SUPPORTING MANY LOCAL EVENTS AND CHARITIES. OVER $300,000 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 41600 0 1 338 1 1 1 0 0 0 0 0 1 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X FRED MOORE 7074458801 2650 HARRISON AVENUE EUREKA CA 95501 JOHN GLADDING FORMER TREASURER 2.00 X X 0 0 0 REES HUGHES DIRECTOR 1.00 X 0 0 0 DENISE JONES VICE CHAIRPERSON 2.00 X X 0 0 0 BRENDAN MCKENNY TREASURER 2.00 X X 0 0 0 TERRY MEIERDING DIRECTOR 1.00 X 0 0 0 RONALD RUDEBOCK CHAIRPERSON 2.00 X X 0 0 0 DANE VALADAO DIRECTOR 1.00 X 0 0 0 MATT WAKEFIELD DIRECTOR 1.00 X 0 0 0 KELLY WALSH SECRETARY 2.00 X X 0 0 0 JAMES SESSA FORMER PRESIDENT/CEO 40.00 X 1046600 0 74684 FRED MOORE PRESIDENT/CEO 40.00 X 561355 0 77601 DANIELLE GRUBER CHIEF FINANCIAL OFFICER 40.00 X 41607 0 0 MANDY MARQUEZ SR. AVP/BUSINESS SERVICES 40.00 X 172834 0 37655 ROBERT MOORE VP/CHIEF CREDIT OFFICER 40.00 X 369800 0 58561 ANN JADRO-BETTIGA VP/HUMAN RESOURCES 40.00 X 274137 0 63641 VAUGHN PETERSON VP/INFORMATION SVCS 40.00 X 313004 0 35038 KRISTIN KUXHAUSEN VP/OPERATIONS 40.00 X 273050 0 47929 JASMIN GAMMEL VP/MEMBER DIGITAL SERVICES 40.00 X 236699 0 45354 3289086 0 440463 36 0 1 0 TRUEDGE BUILDS INC 2600 E BIDWELL ST STE 202 FOLSOM CA 95630 CONSTRUCTION PROJECT MANAGEMENT 1376970 CUBUS 1530 SUN CITY BLVD STE 120-127 GEORGETOWN TX 78633 STATEMENT PRINTING/MAILING 777458 GUMAS ADVERTISING 231 MARKET PL PMB 514 SAN RAMON CA 94583 MEDIA SERVICES 538257 CORELATION INC 2305 HISTORIC DECATUR RD STE 300 SAN DIEGO CA 92106 CORE SOFTWARE PROVIDER 466279 COMPUTER SERVICES INC 3901 TECHNOLOGY DRIVE PADUCAH KY 42001 DATA BACKUP SERVICES 387622 37 INTEREST ON LOANS 522100 53414476 53414476 SERVICE INCOME 522100 14706176 14481180 224996 68120652 31887073 31887073 57623 0 57623 57623 57623 1165716 41238 1124478 1124478 1124478 101189826 67895656 224996 33069174 300000 50471 2012336 18162315 4393135 214548 1479026 83076 312326 4656413 1612794 2911358 951023 1578369 89935 366345 1429659 4175018 196203 DIVIDENDS PAID TO MEMBE 39722942 PROVISION FOR LOAN LOSS 1777108 STAFF EVENTS/APPRECIATI 209376 DUES AND SUBSCRIPTIONS 176747 216999 87077522 324680496 432996735 26934466 32480852 6420706 11397985 934189305 1006813855 907968 1044800 40624514 16309969 23529739 24314545 708119927 645512152 25582502 28804907 2050365109 2183365831 7060886 6183417 2035585 2104888 66286429 58308541 1818665338 1941082761 1894048238 2007679607 X 0 0 0 0 156316871 175686224 156316871 175686224 2050365109 2183365831 14112304 5257049 0 X X 0 0 0 20000 0 0 20000 20000 1 CALIFORNIA CREDIT UNION LEAGUE PAC PO BOX 51476 ONTARIO CA 91761 942329967 20000 0 PART I-A, LINE 1: COAST CENTRAL CREDIT UNION CONTRIBUTES TO THE CALIFORNIA CREDIT UNION LEAGUE PAC TO SUPPORT CREDIT UNION ISSUES. 0 1 X 1667245 1667245 23826269 5901427 17924842 726275 663455 62820 9420697 7279870 2140827 4984028 2465217 2518811 24314545 FHLB STOCK 11660600 C AVAILABLE FOR SALE GOV'T SECURITIES 285030121 F MORTGAGE-RELATED SECURITIES 300001397 F BOLI INSURANCE PLAN 37779811 F CDA INVESTMENT 11040223 F 645512152 ACCRUED INTEREST PAYABLE 4085 WORK IN PROCESS 6428178 SHARES 1934650498 1941082761 PART IV, LINE 2B: COAST CENTRAL CREDIT UNION ACTS AS A CUSTODIAN ON BEHALF OF ITS MEMBERS ESCROWED FUNDS WHICH ARE UTILIZED TO PAY REAL ESTATE TAXES AND HOMEOWNERS INSURANCE ON BEHALF OF ITS MEMBERS. 1 AFFORDABLE HOMELESS HOUSING ALTERNATIVES PO BOX 3794 EUREKA CA 95502 810713410 501(C)(3) 15000 0 SUPPLIES FOR HOMELESS SHELTERS ALDERPOINT VOLUNTEER FIRE DEPT PO BOX 164 ALDERPOINT CA 95511 261415919 501(C)(3) 15000 0 PURCHASE FIREFIGHTER GEAR AND REPLACE OUTDATED/DAMAGED P.P.E. DEL NORTE FAIRGROUNDS 421 HWY 101 CRESCENT CITY CA 95531 946001572 12000 0 PROVIDE LIVESTOCK PENS FOR ANIMAL EXHIBITS DREAMQUEST WILLOW CREEK YOUTH PARTNERSHIP PO BOX 609 WILLOW CREEK CA 95573 680477682 501(C)(3) 45000 0 CONSTRUCTION PROJECT FOR COMMUNITY YOUTH CENTER FOOD FOR PEOPLE PO BOX 4922 EUREKA CA 95502 942772549 501(C)(3) 25000 0 GAP FUNDS FOR VEHICLE TO DELIVER EMERGENCY FOOD RELIEF TO REMOTE HUMBOLDT COMMUNITIES HEALTHSPORT 300 DR MARTIN LUTHER KING JR PKWY ARCATA CA 95521 680236613 6880 0 SWIM LESSONS FOR LATINX CHILDREN IN NEED HUMBOLDT BRIDGES TO SUCCESS 2100 J ST EUREKA CA 95501 383951405 10335 0 ACTIVITIES FOR AT-RISK YOUTH MATTOLE VALLEY RESOURCE CENTER PO BOX 191 PETROLIA CA 95558 680010786 501(C)(3) 6500 0 PURCHASE A BACKUP GENERATOR MCKINLEYVILLE YOUTH FOOTBALL & CHEER PO BOX 2543 MCKINLEYVILLE CA 95519 680038738 6000 0 SCHOLARSHIP AND SAFETY GEAR FUNDING NATION'S FINEST 109 4TH STREET EUREKA CA 95501 942699571 501(C)(3) 10000 0 REPLACEMENT OF MATTRESSES FOR RESIDENTIAL PROGRAMS AND NEW CARPETS FOR VETERAN DORMS NORTH COAST RAPE CRISIS TEAM 425 I STREET ARCATA CA 95521 942646740 501(C)(3) 5220 0 PHONES AND PHONE CARDS TRINITY ALPS UNIFIED SCHOOL DISCTRICT PO BOX 1227 WEAVERVILLE CA 96093 263968318 501(C)(5) 21000 0 BLEACHERS FOR BASEBALL FIELD WILLOW CREEK FIRE PROTECTION DISTRICT PO BOX 51 WILLOW CREEK CA 95573 800249139 501(C)(4) 8050 0 ROPE RESCUE SYSTEM 7 6 LOCAL COLLEGE SCHOLARSHIPS 64 50471 PART I, LINE 2: COAST CENTRAL CREDIT UNION PROVIDES A GRANT FORM WITH WRITTEN NOTIFICATION TO GRANT RECIPIENTS. AS THE GRANT PROGRAM IS A REIMBURSEMENT FORMAT, GRANT RECIPIENTS MUST INCUR THE AMOUNT OF THE GRANT EXPENSES FIRST (SOMETIMES IN PARTIAL AMOUNTS), THEN COMPLETE AND SEND THE GRANT FORM AND PROOF OF EXPENSES TO COAST CENTRAL CREDIT UNION'S VICE PRESIDENT OF MARKETING & COMMUNICATION WHO PERFORMS VERIFICATION, AND THEN INITIATES REIMBURSEMENT. COAST CENTRAL CREDIT UNION'S ACCOUNTING DEPARTMENT TRACKS REIMBURSEMENT ACTIVITY. THE ADMINISTRATION OF COAST CENTRAL CREDIT UNION 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. X X 1 1 X X 0 0 0 JAMES SESSA FORMER PRESIDENT/CEO 819607 0 145965 0 81028 0 51750 0 22934 0 1121284 0 0 0 FRED MOORE PRESIDENT/CEO 503365 0 54164 0 3826 0 51750 0 25851 0 638956 0 0 0 ROBERT MOORE VP/CHIEF CREDIT OFFICER 321910 0 47890 0 0 0 48507 0 10054 0 428361 0 0 0 VAUGHN PETERSON VP/INFORMATION SVCS 289086 0 23918 0 0 0 21252 0 13786 0 348042 0 0 0 ANN JADRO-BETTIGA VP/HUMAN RESOURCES 242114 0 32023 0 0 0 42760 0 20881 0 337778 0 0 0 KRISTIN KUXHAUSEN VP/OPERATIONS 243444 0 29571 0 35 0 27170 0 20759 0 320979 0 0 0 JASMIN GAMMEL VP/MEMBER DIGITAL SERVICES 217640 0 19059 0 0 0 24775 0 20579 0 282053 0 0 0 MANDY MARQUEZ SR. AVP/BUSINESS SERVICES 160634 0 12200 0 0 0 16958 0 20697 0 210489 0 0 0 PART I, LINE 1A COAST CENTRAL CREDIT UNION (THE CREDIT UNION) PROVIDED MEMBERSHIP DUES FOR JAMES SESSA AND FRED MOORE TO SERVICE CLUBS (E.G. ROTARY, KIWANIS, ETC.) FOR EDUCATIONAL, NETWORKING, AND COMMUNITY SERVICE PURPOSES. THE MEMBERSHIP DUES AMOUNTS ARE INCLUDED IN REPORTABLE COMPENSATION ON SCHEDULE J, PART II. THE CREDIT UNION ALSO PROVIDED A DISCRETIONARY SPENDING ACCOUNT TO JAMES SESSA AND FRED MOORE. EXPENSES INCURRED FOR BUSINESS PURPOSES ARE REIMBURSED TO SENIOR MANAGEMENT UNDER AN ACCOUNTABLE PLAN AND ARE NOT INCLUDED IN TAXABLE COMPENSATION. ANY PERSONAL EXPENSES INCURRED ARE INCLUDED IN REPORTABLE COMPENSATION ON SCHEDULE J, PART II. JAMES SESSA OFFICER COLLATERAL ASSIGNED SPLIT-DOLLAR LIFE INSURANCE POLICY X 146210 6725746 0 1 1 FRED MOORE OFFICER COLLATERAL ASSIGNED SPLIT-DOLLAR LIFE INSURANCE POLICY X 1050000 4672239 0 1 1 11397985 FORM 990, PART VI, SECTION A, LINE 6 COAST CENTRAL CREDIT UNION HAS MEMBERS AS SPECIFIED IN ITS BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A COAST CENTRAL CREDIT UNION MEMBERS HAVE THE POWER TO ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B COAST CENTRAL CREDIT UNION MEMBERS HAVE THE POWER TO ELECT OR REMOVE THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO THE BOARD CHAIR, AND THEN A COPY IS MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C AN INTERESTED PERSON COVERED UNDER THE CONFLICT OF INTEREST POLICY IS ANY DIRECTOR OR MEMBER OF A VOLUNTEER COMMITTEE, WHO HAS A DIRECT OR INDIRECT INTEREST. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. EACH DIRECTOR OR VOLUNTEER COMMITTEE MEMBER SHALL ANNUALLY SIGN A STATEMENT, WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST AND FULL DISCLOSURE POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE ORGANIZATION IS A CREDIT UNION AND MUST ENGAGE PRIMARILY IN ACTIVITIES, WHICH ACCOMPLISH THE FUNCTIONS OF A CREDIT UNION. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSIONS WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION TO THE GOVERNING BOARD, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD SHALL IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CREDIT UNION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF THE GOVERNING BOARD HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15A ANNUALLY DURING THE BUDGET PROCESS, THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION RANGES FOR THE CHIEF EXECUTIVE OFFICER. THESE RANGES ARE DEVELOPED BY THE HUMAN RESOURCES DEPARTMENT USING COMPARABLE DATA COLLECTED FROM COMPENSATION SURVEYS. THE COMPARABLE DATA INCLUDES CREDIT UNION COMPARISONS AS WELL AS COMPENSATION RANGES FOR POSITIONS AT SIMILARLY SITUATED LOCAL ORGANIZATIONS. THE CHIEF EXECUTIVE SALARY IS BY CONTRACT AND REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THIS IS DOCUMENTED IN THE BOARD MEETING MINUTES. THE LAST TIME THIS PROCESS OCCURRED WAS IN SEPTEMBER 2024. FORM 990, PART VI, SECTION C, LINE 19 COAST CENTRAL CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IN THE SAME TIME AND MANNER AS OTHER DISCLOSURES REQUIRED UNDER INTERNAL REVENUE CODE SECTION 6104. FORM 990, PART IV, LINE 12A & PART XII, LINE 2B: COAST CENTRAL CREDIT UNION'S FINANCIAL STATEMENTS ARE AUDITED ON A SEPARATE BASIS BY AN INDEPENDENT ACCOUNTANT. HOWEVER, THE FINANCIAL STATEMENTS ARE AUDITED ON A FISCAL YEAR-END BASIS OF MARCH 31ST, WHILE THE ORGANIZATION'S TAX YEAR-END IS DECEMBER 31ST.