2017-11-15T07:42:20-06:00 2016-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2016-01-01 941287157 COAST CENTRAL CREDIT UNION COAS 7074458801 2650 HARRISON AVENUE EUREKA CA 95501 JAMES SESSA SENIOR VICE PRESIDENT/CFO 7074458801 2017-11-13 1 GERALD B KISSELL P00092658 6123324300 108.171.131.188 2017-11-13 13:34:41 CS P 01563F10D6676BDC9B96404AA3206AA292B808E6 5AB5DFEC54AF030231DDAA57F2AFD57D98013E0B 2016 2017-02-10 21:41:12Z DEAN CHRISTENSEN 2650 HARRISON AVENUE EUREKA CA 95501 43313749 0 X WWW.COASTCCU.ORG X 1950 CA PROVIDING FINANCIAL SERVICES TO MEMBERS. 9 9 281 12 172441 -54640 0 0 30315602 32900976 8367010 10209097 23745 23971 38706357 43134044 122501 150919 4365006 5004326 13222190 14277860 0 0 0 11516302 12948018 29225999 32381123 9480358 10752921 1160157471 1280163293 1033358447 1148110658 126799024 132052635 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 PROVIDES A RANGE OF DEPOSIT SERVICES TO ITS APPROXIMATELY 65,000 MEMBERS. THESE INCLUDE SAVINGS, CHECKING, MONEY MARKET, AND SAVINGS CERTIFICATE ACCOUNTS. SERVICES CAN BE ACCESSED THROUGH OUR 12 MEMBER SERVICES BRANCHES, ONLINE, BY PHONE, OR THROUGH A LARGE NETWORK OF ATMS. WE OFFER 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 IS ACTIVE IN SUPPORTING MANY LOCAL EVENTS AND CHARITIES. OVER $250,000 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12369 0 1 281 1 1 1 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 1 0 CA X JAMES SESSA 7074431138 2650 HARRISON AVENUE EUREKA CA 95501 X RONALD RUDEBOCK CHAIR 2.00 X X 813 0 0 DENISE JONES VICE CHAIR 2.00 X X 0 0 0 JOHN GLADDING TREASURER 2.00 X X 0 0 0 JOYCE JURY SECRETARY 2.00 X X 0 0 0 ROBERT GEARHEART DIRECTOR 1.00 X 0 0 0 LOUIS BUCHER DIRECTOR 1.00 X 0 0 0 BRENDAN MCKENNY DIRECTOR 1.00 X 0 0 0 KELLY WALSH DIRECTOR 1.00 X 0 0 0 ROBIN BAILIE DIRECTOR 1.00 X 0 0 0 DEAN CHRISTENSEN PRESIDENT/CEO 40.00 X 1493614 0 60879 JAMES SESSA SVP ADMIN/CFO 40.00 X 421841 0 50937 ED CHRISTIANS VP MEMBER INFORMATION SYSTEMS 40.00 X 220496 0 43032 ROBERT MOORE VP MEMBER LOAN SERVICES 40.00 X 228356 0 32330 ANN JADRO-BETTIGA VP HUMAN RESOURCES 40.00 X 204806 0 32030 KRISTIN BLAIR VP MEMBER SERVICES 40.00 X 186082 0 27926 DEAN HART VP MARKETING 40.00 X 147063 0 17428 2903071 0 264562 9 0 1 0 D&H PO BOX 535120 ATLANTA GA 30353 COMPUTER PRODUCTS/SERVICES 549048 INFO IMAGE 141 JEFFERSON DR MENLO PARK CA 94025 PRINTING SERVICES 477741 Q2 SOFTWARE INC PO BOX 205970 DALLAS TX 75320 SOFTWARE SERVICES 443628 COX RASMUSSEN 2830 F ST EUREKA CA 95501 MARKETING SERVICES 406446 COMPUTER SERVICES INC 3901 TECHNOLOGY DRIVE PADUCAH KY 42001 COMPUTER HARDWARE/SOFTWARE 294146 14 INTEREST ON LOANS 522100 22832397 22832397 DEPOSIT & LOAN SERVICE INCOME 522100 7890555 7890555 ATM & MISC SERVICE INCOME 522100 2178024 2005583 172441 32900976 10213771 10213771 8400 10247 -1847 -1847 -1847 164784 169458 -4674 -4674 -4674 MISC OTHER INCOME 522100 25818 25818 25818 43134044 32754353 172441 10207250 113344 37575 5004326 2028268 8547228 1528409 1361202 812753 22728 130309 5000 229445 2143484 888657 1706084 1633153 977210 61960 193398 2339687 903911 111503 PROVISION FOR LOAN & OV 1383640 DUES & SUBSCRIPTIONS 109899 STAFF EVENTS/APPRECIATI 69849 ANNUAL MEETING, CASH O/ 38101 32381123 120965206 130910791 1597986 1829783 509417215 557208825 1144092 1016804 19775110 8945493 10145416 10829617 505788437 566370461 11099119 11997012 1160157471 1280163293 3715879 4852138 749663 875730 72032529 62483439 956860376 1079899351 1033358447 1148110658 X 0 0 0 0 126799024 132052635 126799024 132052635 1160157471 1280163293 10752921 -5499310 0 X 0 1 X 1 0 5000 5000 5000 1 CALIFORNIA CREDIT UNION LEAGUE PAC PO BOX 51476 ONTARIO CA 91761 942329967 5000 PART I-A, LINE 1: CONTRIBUTION TO CALIFORNIA CREDIT UNION LEAGUE PAC 0 1 X 1140279 1140279 10828457 2873736 7954721 984336 627503 356833 2647917 2025485 622432 4174121 3418769 755352 10829617 SECURITIES AVAILABLE FOR SALE 558439368 C FHLB STOCK 7446600 C FHLB DAILY 318338 C CORPORATE INVESTMENTS 166155 C 566370461 ACCRUED INTEREST PAYABLE 241627 WORK IN PROCESS 1664798 SHARES 1077992926 1079899351 PART IV, LINE 2B: THE CREDIT UNION ACTS AS CUSTODIAN ON BEHALF OF ITS MEMBER'S ESCROWED FUNDS; WHICH ARE UTILIZED TO PAY TAXES AND INSURANCE ON BEHALF OF ITS MEMBERS. 1 HOSPICE OF HUMBOLDT 3327 TIMBER FALL COURT EUREKA CA 95503 942499333 501(C)(3) 24923 MEDICAL EQUIPMENT KLAMATH TRINITY SCHOOL DISTRICT 365 LOOP RD HOOPA HOOPA CA 95546 521661050 501(C)(3) 9525 MUSIC EQUIPMENT BRIDGEVILLE COMMUNITY CENTER 38717 KNEELAND RD BRIDGEVILLE CA 95526 311763137 501(C)(3) 6873 COMPUTER EQUIPMENT FORGOTTEN INITIATIVE-LIFESONG FOR ORPHANS 511 H STREET EUREKA CA 95501 351902841 501(C)(3) 5541 SUPPORT FOR VISITATION ROOMS AT FOSTER RESOURCE CENTER HUMBOLDT SENIOR RESOURCE CENTER 1910 CALIFORNIA ST EUREKA CA 95501 942261434 501(C)(3) 23000 DELIVERY VEHICLE FOR HOT MEALS FOR SENIORS GREENVIEW PLAYGROUND PROJECT - HUMBOLDT AREA FOUNDATION 363 INDIANOLA RD BAYSIDE CA 95524 237310660 501(C)(3) 10670 PLAYGROUND EQUIPMENT COFFEE CREEK VOLUNTEER FIRE DISTRICT HC2 BOX 3951 TRINITY CENTER CA 96091 364557456 501(C)(3) 5000 FIREFIGHTING EQUIPMENT ST JOSEPH HOSPITAL FOUNDATION 2127 HARRISON AVE EUREKA CA 95501 941156596 501(C)(3) 10000 PROGRAM TO HELP WITH CANCER PATIENT EXPENSES FIELDBROOK GLENDALE COMM SERVICES 4584 FIELDBROOK RD FIELDBROOK CA 95519 680184263 501(C)(3) 7350 EMERGENCY RESPONSE PAGERS FOR FIRE DEPARTMENT 9 LOCAL COLLEGE SCHOLARSHIPS 30 37575 PART I, LINE 2: THE MARKETING DEPARTMENT APPROVES PAYMENT OF GRANT EXPENSES TO ORGANIZATIONS AND THE ADMINISTRATION 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. ORGANIZATIONS PROVIDE A PACKET OF BACKGROUND INFORMATION ABOUT THEIR SERVICE/ORGANIZATION WHEN APPLYING FOR A GRANT. THE ORGANIZATION'S ARE LOCAL SO THE CREDIT UNION IS AWARE OF HOW THE FUNDS ARE USED. X X X 1 1 X X X 0 0 0 DEAN CHRISTENSEN PRESIDENT/CEO 586962 0 426000 0 480652 0 39750 0 21129 0 1554493 0 0 0 JAMES SESSA SVP ADMIN/CFO 297823 0 95115 0 28903 0 39750 0 12184 0 473775 0 0 0 ED CHRISTIANS VP MEMBER INFORMATION SYSTEMS 172826 0 47670 0 0 0 23242 0 19790 0 263528 0 0 0 ROBERT MOORE VP MEMBER LOAN SERVICES 185856 0 42500 0 0 0 22984 0 9346 0 260686 0 0 0 ANN JADRO-BETTIGA VP HUMAN RESOURCES 163186 0 41620 0 0 0 30916 0 1114 0 236836 0 0 0 KRISTIN BLAIR VP MEMBER SERVICES 147912 0 38170 0 0 0 18741 0 9185 0 214008 0 0 0 DEAN HART VP MARKETING 110033 0 37030 0 0 0 14893 0 2535 0 164491 0 0 0 PART I, LINE 1A TRAVEL - BOARD MEMBERS CAN TAKE A GUEST ON UP TO TWO CONFERENCES PER YEAR. THE GUEST EXPENSES PAID BY THE CREDIT UNION ARE REPORTED AS TAXABLE INCOME TO THE BOARD MEMBER. MEMBERSHIP DUES - THE CREDIT UNION PAYS FOR MANAGEMENT EMPLOYEES' DUES TO SERVICE CLUBS SUCH AS ROTARY, KIWANIS, ETC., FOR EDUCATIONAL, NETWORKING, AND COMMUNITY SERVICE PURPOSES. 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 THE ACCOUNTING DEPARTMENT PREPARES THE INFORMATION WHICH IS THEN REVIEWED BY SENIOR MANAGEMENT. THE 990 IS PRESENTED TO THE BOARD CHAIR BEFORE FILING, AND A COPY IS MADE AVAILABLE FOR ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION HAS A CONFLICT OF INTEREST POLICY FOR ITS STAFF, OFFICIALS, AND THE BOARD OF DIRECTORS. CONFLICT OF INTEREST BY EMPLOYEES WHEN HANDLING MEMBER ACCOUNTS IS MONITORED BY THE COMPUTER SYSTEM. BOARD MEMBERS CANNOT VOTE ON MATTERS WHERE THERE IS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY DURING THE BUDGET PROCESS, THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION RANGES FOR EACH POSITION. THESE RANGES ARE DEVELOPED BY THE HUMAN RESOURCES DEPARTMENT USING COMPARABLE DATA SPECIFIC TO THE CREDIT UNION INDUSTRY. THE CEO SALARY IS BY CONTRACT AND REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE LOBBIES OF ALL OFFICES. ALL OTHER REQUESTS MUST BE PRESENTED IN WRITING TO THE BOARD OF DIRECTORS. DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PT VII AND SCHEDULE J, PT II - COMPENSATION RELATED DISCLOSURES SCHEDULE J EXPLANATION OF "BONUS AND INCENTIVE COMPENSATION" THE CREDIT UNION HAS TWO PRIMARY INCENTIVE COMPENSATION PLANS, AN ANNUAL INCENTIVE COMPENSATION PLAN THAT ALL EMPLOYEES ARE ELIGIBLE FOR AND A LONG-TERM DEFERRED INCENTIVE COMPENSATION PLAN FOR ELIGIBLE SENIOR MANAGEMENT. GOALS ARE ESTABLISHED BY THE CREDIT UNION FOR EACH OF THESE PLANS TO PROVIDE INCENTIVE AND REWARDS TO EMPLOYEES FOR ACHIEVING RESULTS THAT IMPROVE AND STRENGTHEN THE CREDIT UNION. THE GOALS ARE ESTABLISHED FOR EACH OF THESE PLANS AT THE BEGINNING OF THE INCENTIVE PLAN PERIOD. FOR THE ANNUAL PLAN,PAYOUTS ARE MADE TO PARTICIPANTS BASED UPON ACHIEVEMENT OF THE ANNUAL GOALS. FOR THE LONG-TERM DEFERRED PLAN, THE GOALS MUST BE ACHIEVED OVER A THREE YEAR PERIOD FOR THE PARTICIPANT TO EARN A PAYOUT UNDER THE PLAN. SCHEDULE J EXPLANATION OF "OTHER REPORTABLE COMPENSATION" THE CREDIT UNION HAS ESTABLISHED A 401K RETIREMENT PLAN FOR ALL ELIGIBLE EMPLOYEES. IT HAS ALSO PUT IN PLACE OTHER PLANS AND FUNDING PAYMENTS TO PROVIDE A REASONABLE TARGETED RETIREMENT BENEFIT FOR HIGHER PAID EMPLOYEES BECAUSE OF THE LIMITATIONS UNDER QUALIFIED PLANS SUCH AS OUR 401K PLAN, WHICH CREATES A REVERSE DISCRIMINATION EFFECT. THE CREDIT UNION PROVIDES IN LIEU PAYMENTS TO AN INDIVIDUAL ONCE THE QUALIFIED LIMIT IS REACHED EQUAL TO WHAT OTHERWISE WOULD HAVE BEEN CONTRIBUTED TO THE PLAN IF NOT FOR THE LIMITATION. IN 2010 COAST CENTRAL CREDIT UNION ATTACHED TO ITS 990 FILING A "SPLIT DOLLAR NONRECOURSE LOAN REPRESENTATION". THE 2016 FORM 990 DOES NOT ALLOW PDF ATTACHMENTS TO BE INCLUDED WITH THE ELECTRONICALLY FILED FORM 990, WITH THE EXCEPTION OF SPECIFIC ATTACHMENTS REQUIRED BY THE IRS. COAST CENTRAL CREDIT UNION HAS AN E-FILE REQUIREMENT AND CANNOT PAPER FILE UNLESS REQUIRED TO DO SO BY THE IRS. IF A PAPER COPY OF THE RETURN IS FILED WHEN IT IS NOT REQUIRED THE IRS MAY CONSIDER THE RETURN AS NOT TIMELY FILED; THEREFORE THE "SPLIT DOLLAR NONRECOURSE LOAN REPRESENTATION" IS AVAILABLE TO THE IRS UPON REQUEST. FORM 990, PART I, LINE 6 DURING 2016 THE CREDIT UNION HAD 12 VOLUNTEERS; WHICH CONSISTED OF THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE.