KEYPOINT CREDIT UNION: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- KEYPOINT CREDIT UNION (EIN 94-2600376)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-15
- IRS object ID
- 201733199349311833
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-15T14:58:31-06:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 910189318 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Moss Adams LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 Second Street Suite 900 | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94105 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 942600376 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KeyPoint Credit Union | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KEYP | BusinessNameControlTxt |
| Phone | 4087314100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2805 Bowers Avenue | AddressLine1Txt |
| City | Santa Clara | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95051 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Timothy Green | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 4087314100 | PhoneNum |
| Signature | 2017-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Wendy Campos | PreparerPersonNm |
| PTIN | P00448102 | PTIN |
| Phone | 4159561500 | PhoneNum |
| Preparation | 2017-11-09 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 67.185.34.108 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-11-13 | IPDt |
| IP Tm | 12:51:45 | IPTm |
| IP Timezone | PS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 86B92690DBA53B450090ACE3D4C990CC6A999576 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | T BRADFORD CANFIELD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2805 Bowers Avenue | AddressLine1Txt |
| City | Santa Clara | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95051 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $130,789,222 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.kpcu.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1979 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 244 | TotalEmployeeCnt |
| Total Volunteers | 12 | TotalVolunteersCnt |
| Total Gross UBI | $1,925,556 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$126,935 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $38,015,192 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $39,626,008 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,014,265 | PYInvestmentIncomeAmt |
| CY Investment Income | $5,115,993 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$62,420 | PYOtherRevenueAmt |
| CY Other Revenue | -$26,784 | CYOtherRevenueAmt |
| PY Total Revenue | $41,967,037 | PYTotalRevenueAmt |
| CY Total Revenue | $44,715,217 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $5,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $23,675 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $18,696,822 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $17,895,592 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $16,955,199 | PYOtherExpensesAmt |
| CY Other Expenses | $18,695,134 | CYOtherExpensesAmt |
| PY Total Expenses | $35,657,021 | PYTotalExpensesAmt |
| CY Total Expenses | $36,614,401 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $6,310,016 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $8,100,816 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,007,159,964 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,070,888,231 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $923,123,725 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $980,552,795 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $84,036,239 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $90,335,436 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | See Schedule O | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | ACCOMPLISHMENT OF EXCELLENT LOAN SERVICES TO MEMBERS AND LOAN PORTFOLIO GROWTH THROUGH THE ORIGINATION OF CONSUMER AND MORTGAGE LOANS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ACCOMPLISHMENT OF TARGET GOALS IN MEMBER GROWTH (ACQUISITION OF NEW MEMBERS). | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBER SATISFACTION IN CONNECTION WITH SERVICES PERTAINING TO CHECKING/SAVINGS ACCOUNTS, ATTRACTIVE CD RATES, IRA AND MONEY MARKET ACCOUNTS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (1) | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 16567 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 244 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TIMOTHY GREEN | PersonNm |
| Phone | 4087314118 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2805 BOWERS AVE | AddressLine1Txt |
| City | SANTA CLARA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95051 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (30 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| Adam Corkins | |||||||||
| Board Member | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| Gregory Eby | |||||||||
| Board Member | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| Robert Lerner | |||||||||
| Board Member | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| Keith Stattenfield | |||||||||
| Board Member | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| Bunninder Falak | |||||||||
| Board Member | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| Gary Garcia | |||||||||
| Board Member | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| Baljinder Sandhu | |||||||||
| Treasurer/Secretary | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| John Tom | |||||||||
| Chairperson | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| Dinesh Bettadapur | |||||||||
| Vice Chairperson | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| Ted Canfield | |||||||||
| President/Chief Executive Officer | 55.00 | $503,418 | $0 | $210,186 | Yes (X) | 0.10 | |||
| Samuel Tuohey | |||||||||
| Chief Operating Officer | 55.00 | $285,716 | $0 | $26,387 | Yes (X) | 0.10 | |||
| Timothy Green | |||||||||
| Chief Finance Officer | 55.00 | $268,664 | $0 | $20,300 | Yes (X) | ||||
| Faye Nabhani | |||||||||
| Chief Lending Officer (through 6/18/16) | 55.00 | $180,925 | $0 | $19,556 | Yes (X) | ||||
| Vi Luu | |||||||||
| Chief Lending Officer | 55.00 | $73,634 | $0 | $9,467 | Yes (X) | ||||
| Anthony Vitale | |||||||||
| Chief Information Officer | 55.00 | $205,434 | $0 | $30,112 | Yes (X) | ||||
| Ajay Kumar | |||||||||
| Chief Information Officer (through 2/5/16) | 55.00 | $57,095 | $0 | $2,892 | Yes (X) | ||||
| LeeAnne Giblin | |||||||||
| SVP Human Resources | 55.00 | $229,183 | $0 | $19,389 | Yes (X) | ||||
| Douglas Schrock | |||||||||
| VP Finance | 55.00 | $198,835 | $0 | $24,429 | Yes (X) | 0.10 | |||
| Steven Weiler | |||||||||
| SVP Commercial Banking | 55.00 | $254,536 | $0 | $15,633 | Yes (X) | ||||
| Tisha Hartman | |||||||||
| VP Retail Lending | 55.00 | $212,123 | $0 | $16,917 | Yes (X) | ||||
| Lawrence Scoffield | |||||||||
| VP Corporate Admin | 55.00 | $183,213 | $0 | $23,427 | Yes (X) | ||||
| Victor Smilgys | |||||||||
| VP IT Eservices | 55.00 | $169,533 | $0 | $29,326 | Yes (X) | ||||
| Arie Elkins | |||||||||
| VP IT Infrastructure | 55.00 | $116,378 | $0 | $33,174 | Yes (X) | ||||
| Kathy Chen | |||||||||
| VP Retail Operations | 55.00 | $160,059 | $0 | $27,572 | Yes (X) | ||||
| Phuoc Ngo | |||||||||
| Network Managaer | 55.00 | $148,655 | $0 | $11,422 | Yes (X) | ||||
| Jeff Aana | |||||||||
| Commercial Real Estate Sales Manager | 55.00 | $168,858 | $0 | $13,432 | Yes (X) | ||||
| Dash McElroy | |||||||||
| Core System Manager | 55.00 | $159,854 | $0 | $32,277 | Yes (X) | ||||
| Kevin Armstrong | |||||||||
| Director Consumer Lending | 55.00 | $152,046 | $0 | $21,451 | Yes (X) | ||||
| Shiou-lin Chen | |||||||||
| Director Financial Reporting | 55.00 | $148,765 | $0 | $16,358 | 0.13 | Yes (X) | |||
| Helen Grays | |||||||||
| Former SVP Business Development | 55.00 | $136,145 | $0 | $2,960 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,013,069 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $606,667 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 35 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| FISERV | |||||
| 455 WINDING BROOK DRIVE | GLASTONBURY | CT | 06033 | CORE SYSTEM SERVICING | $1,021,894 |
| DIEBOLD GLOBAL FINANCE CORPORATION | |||||
| 5995 MAYFAIR ROAD PO BOX 3077 | NORTH Canton | OH | 44750 | ATM SERVICING | $603,749 |
| CU COOPERATIVE SYSTEMS INC | |||||
| 9692 HAVEN AVENUE | RANCHO CUCAMONGA | CA | 91730 | DEBIT/CREDIT CARD NETWORK SERVICING | $555,890 |
| VISA DPS | |||||
| FILE NO 73583 PO BOX 60000 | SAN FRANCISCO | CA | 94160 | DEBIT/CREDIT CARD SERVICING | $547,765 |
| Agile Fusion Corporation | |||||
| 4900 Hopyard Rd Ste 100 | Pleasanton | CA | 94588 | Mobile Banking Service | $392,088 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 20 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| Interest on Loans | 522100 | $30,395,323 | $30,395,323 | |
| FEE INCOME | 522100 | $4,239,420 | $4,024,507 | $214,913 |
| Gain on Sale of Loans | 522100 | $2,621,504 | $2,621,504 | |
| OTHER OPERATING INCOME | 522100 | $2,369,761 | $2,132,688 | $237,073 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $39,626,008 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,864,398 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $1,500,354 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,364,044 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $86,325,600 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $86,069,791 | SecuritiesAmt |
| Other | $4,214 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $255,809 | SecuritiesAmt |
| Other | -$4,214 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $251,595 | TotalRevenueColumnAmt |
| Exclusion | $251,595 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Joint Venture K-1 Income | Desc |
| Business | 522291 | BusinessCd |
| Total Revenue Column | -$26,784 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$26,784 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | -$26,784 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $44,715,217 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $39,174,022 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,925,556 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,615,639 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,675 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,607,511 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,027,938 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $439,023 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,620,180 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,200,940 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $101,577 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,714 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,379,477 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $604,868 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,287,375 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,109,073 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,078,146 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,957 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $445,133 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,389,484 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,775,292 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PROVISION FOR LOAN LOSS | $1,542,000 |
| LOAN SERVICING | $1,014,329 |
| ATM EXPENSE | $795,458 |
| PROVISION FOR TAXES | $1,588 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,021,663 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,614,401 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,416,654 | BOYAmt |
| EOY | $9,085,725 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,227,599 | BOYAmt |
| EOY | $33,604,572 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,597,773 | BOYAmt |
| EOY | $1,397,084 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $832,711,555 | BOYAmt |
| EOY | $859,992,816 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,179,367 | BOYAmt |
| EOY | $4,553,829 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $34,892,306 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $19,190,824 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,607,875 | BOYAmt |
| EOY | $15,701,482 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,720,949 | BOYAmt |
| EOY | $109,364,268 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,020,701 | BOYAmt |
| EOY | $23,391,608 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,677,491 | BOYAmt |
| EOY | $13,796,847 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,007,159,964 | BOYAmt |
| EOY | $1,070,888,231 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,397,726 | BOYAmt |
| EOY | $16,199,259 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,202 | BOYAmt |
| EOY | $15,270 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $419,943 | BOYAmt |
| EOY | $415,620 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,000,000 | BOYAmt |
| EOY | $70,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $869,279,854 | BOYAmt |
| EOY | $893,922,646 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $923,123,725 | BOYAmt |
| EOY | $980,552,795 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,036,239 | BOYAmt |
| EOY | $90,335,436 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,036,239 | BOYAmt |
| EOY | $90,335,436 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,007,159,964 | BOYAmt |
| EOY | $1,070,888,231 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $8,100,816 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$1,842,316 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $40,697 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $5,049 | PoliticalExpendituresAmt |
| Volunteer Hours | 0 | VolunteerHoursCnt |
| Internal Funds Contributed | $5,049 | InternalFundsContributedAmt |
| Total Exempt Function Expend | $5,049 | TotalExemptFunctionExpendAmt |
| Form1120 POL Filed | Yes (1) | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CALIFORNIA CREDIT UNION LEAGUE - PAC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2855 E GUASTI ROAD | AddressLine1Txt |
| City | ONTARIO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91761 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 940357265 | EIN |
| Paid Internal Funds | $5,049 | PaidInternalFundsAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I-A, Line 1: | FormAndLineReferenceDesc |
| Explanation | Political Action Committee Contribution to the California Credit Union League | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,000,000 | OtherCostOrOtherBasisAmt |
| Book Value | $6,000,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,106,931 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,318,825 | DepreciationAmt |
| Book Value | $4,788,106 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,807,927 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,703,754 | DepreciationAmt |
| Book Value | $1,104,173 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,977,448 | OtherCostOrOtherBasisAmt |
| Depreciation | $14,168,245 | DepreciationAmt |
| Book Value | $3,809,203 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $15,701,482 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| MEMBERS' SHARES | $893,297,752 |
| OTHER MISCELLANEOUS LIABILITIES | $624,894 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $893,922,646 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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: | Income taxes - The Credit Union is exempt by statute from federal and state income taxes, except for taxes on unrelated business income, as further discussed in Note 11. The Credit Union's wholly owned subsidiaries are taxable entities, and income taxes related to subsidiaries for 2016 and 2015 were not material to the consolidated financial statements and are included in other operating expenses in the accompanying consolidated statements of income. 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, 2016 and 2015, 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. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Keypoint Foundation | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2805 Bowers Ave | AddressLine1Txt |
| City | Santa Clara | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95051 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 473954329 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $15,000 | CashGrantAmt |
| Purpose Of Grant | Benevolent grant to cover expenses for deceased child of employee | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | The grant funds are approved by the CFO and CEO of the organization before being disbursed to the related tax exempt organization (KeyPoint Foundation). The organization is related to the Credit Union and therefore all funds are used in the U.S. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (18 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ted Canfield | ||||||||||||||
| President/Chief Executive Officer | $396,657 | $0 | $78,760 | $0 | $28,001 | $0 | $180,634 | $0 | $29,552 | $0 | $713,604 | $0 | $0 | $0 |
| Samuel Tuohey | ||||||||||||||
| Chief Operating Officer | $244,895 | $0 | $27,947 | $0 | $12,874 | $0 | $10,662 | $0 | $15,725 | $0 | $312,103 | $0 | $0 | $0 |
| Timothy Green | ||||||||||||||
| Chief Finance Officer | $233,987 | $0 | $26,558 | $0 | $8,119 | $0 | $10,286 | $0 | $10,014 | $0 | $288,964 | $0 | $0 | $0 |
| Faye Nabhani | ||||||||||||||
| Chief Lending Officer (through 6/18/ | $99,355 | $0 | $26,514 | $0 | $55,056 | $0 | $7,391 | $0 | $12,165 | $0 | $200,481 | $0 | $0 | $0 |
| Anthony Vitale | ||||||||||||||
| Chief Information Officer | $197,025 | $0 | $0 | $0 | $8,409 | $0 | $8,363 | $0 | $21,749 | $0 | $235,546 | $0 | $0 | $0 |
| LeeAnne Giblin | ||||||||||||||
| SVP Human Resources | $196,521 | $0 | $24,348 | $0 | $8,314 | $0 | $8,703 | $0 | $10,686 | $0 | $248,572 | $0 | $0 | $0 |
| Douglas Schrock | ||||||||||||||
| VP Finance | $165,385 | $0 | $20,342 | $0 | $13,108 | $0 | $7,168 | $0 | $17,261 | $0 | $223,264 | $0 | $0 | $0 |
| Steven Weiler | ||||||||||||||
| SVP Commercial Banking | $139,200 | $0 | $114,163 | $0 | $1,173 | $0 | $7,642 | $0 | $7,991 | $0 | $270,169 | $0 | $0 | $0 |
| Tisha Hartman | ||||||||||||||
| VP Retail Lending | $175,530 | $0 | $28,625 | $0 | $7,968 | $0 | $7,757 | $0 | $9,160 | $0 | $229,040 | $0 | $0 | $0 |
| Lawrence Scoffield | ||||||||||||||
| VP Corporate Admin | $157,038 | $0 | $19,233 | $0 | $6,942 | $0 | $7,796 | $0 | $15,631 | $0 | $206,640 | $0 | $0 | $0 |
| Victor Smilgys | ||||||||||||||
| VP IT Eservices | $144,645 | $0 | $15,151 | $0 | $9,737 | $0 | $7,020 | $0 | $22,306 | $0 | $198,859 | $0 | $0 | $0 |
| Kathy Chen | ||||||||||||||
| VP Retail Operations | $144,613 | $0 | $15,000 | $0 | $446 | $0 | $19,917 | $0 | $7,655 | $0 | $187,631 | $0 | $0 | $0 |
| Phuoc Ngo | ||||||||||||||
| Network Managaer | $125,250 | $0 | $14,898 | $0 | $8,507 | $0 | $3,870 | $0 | $7,552 | $0 | $160,077 | $0 | $0 | $0 |
| Jeff Aana | ||||||||||||||
| Commercial Real Estate Sales Manager | $102,460 | $0 | $65,813 | $0 | $585 | $0 | $4,835 | $0 | $8,597 | $0 | $182,290 | $0 | $0 | $0 |
| Dash McElroy | ||||||||||||||
| Core System Manager | $131,034 | $0 | $16,972 | $0 | $11,848 | $0 | $4,503 | $0 | $27,774 | $0 | $192,131 | $0 | $0 | $0 |
| Kevin Armstrong | ||||||||||||||
| Director Consumer Lending | $126,843 | $0 | $12,517 | $0 | $12,686 | $0 | $6,013 | $0 | $15,438 | $0 | $173,497 | $0 | $0 | $0 |
| Shiou-lin Chen | ||||||||||||||
| Director Financial Reporting | $130,090 | $0 | $16,287 | $0 | $2,388 | $0 | $6,165 | $0 | $10,193 | $0 | $165,123 | $0 | $0 | $0 |
| Helen Grays | ||||||||||||||
| Former SVP Business Development | $0 | $0 | $29,813 | $0 | $106,332 | $0 | $2,960 | $0 | $0 | $0 | $139,105 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a | HOUSING ALLOWANCE OF $6,000 WAS PAID TO DOUGLAS SCHROCK IN 2016 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: | The Credit Union has a Supplemental Executive Retirement Plan ("SERP"). The SERP is an unfunded retirement plan, with participation limited to executives selected by the Credit Union's Board of Directors. The purpose of the SERP is to encourage continued service by certain executives by providing enhanced retirement benefits. Accordingly, the executives who participate in the SERP will receive accumulated SERP benefits only at retirement. The current participant is Ted Canfield and the amount contributed in 2016 was $180,634. |
| Part I, Line 4a: | Helen Grays, former officer, received severance payment in the current year in the amount of $106,332, and Ajay Kumar, departed February of the current year, received severance payment in the amount of $18,462. |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (12 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| VI LUU | |||||||
| Officer | 1st Mortgage | Yes (X) | $397,000 | $397,000 | 0 | Yes (1) | Yes (1) |
| ARIE C ELKINS | |||||||
| Officer | 1st Mortgage | Yes (X) | $625,000 | $594,639 | 0 | Yes (1) | Yes (1) |
| ARIE C ELKINS | |||||||
| Officer | Auto Loan | Yes (X) | $38,944 | $26,172 | 0 | Yes (1) | Yes (1) |
| ARIE C ELKINS | |||||||
| Officer | HELOC | Yes (X) | $30,000 | $14,306 | 0 | Yes (1) | Yes (1) |
| LAWRENCE D SCOFIELD | |||||||
| Officer | HELOC | Yes (X) | $200,000 | $74,907 | 0 | Yes (1) | Yes (1) |
| LAWRENCE D SCOFIELD | |||||||
| Officer | 1st Mortgage | Yes (X) | $110,000 | $108,920 | 0 | Yes (1) | Yes (1) |
| TISHA D HARTMAN | |||||||
| Officer | Unsecured | Yes (X) | $8,000 | $24,998 | 0 | Yes (1) | Yes (1) |
| TISHA D HARTMAN | |||||||
| Officer | Auto Loan | Yes (X) | $22,000 | $15,040 | 0 | Yes (1) | Yes (1) |
| TISHA D HARTMAN | |||||||
| Officer | Auto Loan | Yes (X) | $39,577 | $37,408 | 0 | Yes (1) | Yes (1) |
| VICTOR SMILGYS | |||||||
| Officer | Auto Loan | Yes (X) | $14,406 | $7,800 | 0 | Yes (1) | Yes (1) |
| VICTOR SMILGYS | |||||||
| Officer | Auto Loan | Yes (X) | $28,782 | $28,320 | 0 | Yes (1) | Yes (1) |
| ANTHONY VITALE | |||||||
| Officer | Auto Loan | Yes (X) | $74,502 | $67,574 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $1,397,084 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 COMPETITIVE 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 AS 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 MOST RECENTLY REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS ON FEBRUARY 25, 2016. FOR THE ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY, THE INTERNAL AUDITOR 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 SET BY THE FORMULA OF WHERE THE INDIVIDUAL FALLS INTO THE RANGE AND PERFORMANCE LEVEL. 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 40,697. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KEYPOINT FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2805 BOWERS AVENUE | AddressLine1Txt |
| City | SANTA CLARA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95051 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 473954329 | EIN |
| Primary Activities | Charitable Giving | PrimaryActivitiesTxt |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | PF | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KEYPOINT CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KEYPOINT FINANCIAL SERVICES INC | ||||||||||||
| 2805 Bowers Avenue | Santa Clara | CA | 95051 | 770018330 | Insurance | CA | KeyPoint Credit Union | C | $14,430 | $589,744 | 1.00000 | Yes (1) |
| Integrated Credit Union Services Inc | ||||||||||||
| 2805 Bowers Avenue | Santa Clara | CA | 95051 | 943140652 | Insurance | CA | KeyPoint Credit Union | C | $7,967 | 1.00000 | Yes (1) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |