2017-11-15T16:10:19-06:00 2016-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2016-01-01 941231186 SAN MATEO CREDIT UNION SANM 6503631716 350 CONVENTION WAY REDWOOD CITY CA 94063 DAVID DIAMOND CFO 6503631716 2017-11-15 1 GERALD B KISSELL P00092658 6123324300 108.171.131.187 2017-11-15 15:36:05 CS P 5AB5DFEC54AF030231DDAA57F2AFD57D98013E0B 5AB5DFEC54AF030231DDAA57F2AFD57D98013E0B 2016 2021-01-29 14:40:06Z WADE PAINTER 350 CONVENTION WAY REDWOOD CITY CA 94063 73135799 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 7 220 13 0 0 0 0 35164200 38036954 4907952 5186118 799365 1413214 40871517 44636286 0 51500 0 1399482 16343605 16428902 0 0 0 17907098 17946166 34250703 35826050 6620814 8810236 868068508 936616252 784089028 843826537 83979480 92789715 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 CREDIT UNION, A FINANCIAL COOPERATIVE, THAT SERVES PEOPLE WHO RESIDE, WORK OR WORSHIP IN SAN MATEO COUNTY, CITY OF PALO ALTO AND SELECT GEOGRAPHICAL AREAS OF SAN FRANCISCO. WE HAVE SEVEN BRANCHES THROUGHOUT THESE GEOGRAPHICAL AREAS AND A HEADQUARTERS OFFICE LOCATED IN REDWOOD CITY, CALIFORNIA. AS OF YEAR END 2016, WE HAD APPROXIMATELY EIGHTY-FIVE THOUSAND (85,000) MEMBER-OWNERS. WE ASSIST OUR MEMBERS WITH FINANICAL NEEDS OFFERING AN ARRAY OF DEPOSIT AND SAVINGS ACCOUNTS, INVESTMENT SERVICES, AS WELL AS, PERSONAL, AUTO AND RESIDENTIAL REAL ESTATE 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 OFFICERS MEMBERS RESIDENTIAL REAL ESTATE PURCHASE AND REFINANCE LENDING. SMCU OFFERS AN ARRAY OF CONSUMER LOANS INCLUDING AUTOMOBILE, SECURED AND UNSECURED LOANS, 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 0 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 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 9589 0 1 220 1 1 0 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 PAUL SCANNELL CHAIR 1.00 X X 0 0 0 BRAIN PONTY VICE CHAIR 1.00 X X 0 0 0 JOHN BEIERS SECRETARY 1.00 X X 0 0 0 MAGDA GONZALEZ TREASURER 1.00 X X 0 0 0 PATRICIA WEBB DIRECTOR 1.00 X 0 0 0 DONNA VAILLANCOURT DIRECTOR 1.00 X 0 0 0 BOB ADLER DIRECTOR 1.00 X 0 0 0 WADE PAINTER PRESIDENT/CEO 40.00 X 474021 0 17290 JACK CHINN VP FINANCE 40.00 X 266971 0 45195 VALERIE ALSIP SVP/COO 40.00 X 235880 0 15812 REBECCA NIXON VP HR 40.00 X 161169 0 23848 DONALD KNEISLER VP DIGITIAL SERVICES 40.00 X 190744 0 22886 ROBERT CARTER VP ADMINISTATIVE SERVICES 40.00 X 181644 0 18187 DOREEN SZYMANKSKI VP MEMBER EXPERIENCE 40.00 X 153454 0 22441 WILLIAM ANDREWS AVP INFORMATION SERVICES 40.00 X 151323 0 11683 DANI ROBINSON AVP CREDIT RISK MGMT 40.00 X 160040 0 22091 HOLLY FRASER AVP CUSO 40.00 X 166075 0 17472 KATHLEEN BEHRENDT AVP LENDING 40.00 X 149191 0 24638 SYLIVA DIN FINANCE MANAGER 40.00 X 118424 0 9346 CYNTHIA HELD MARKETING MANAGER 40.00 X 110056 0 32222 CHERYL RAYO MORTGAGE ORGINATION MANAGER 40.00 X 112797 0 18592 DAVID CAPURRO SYSTEM ADMINISTRATOR 40.00 X 109033 0 11744 2740822 0 313447 24 0 1 0 CAHILL CONTRACTORS 425 CALIFORNIA STREET STE 2200 SAN FRANCISCO CA 94104 CONSTRUCTION OF REDWOOD CITY BRANCH 1377766 FISERV INC 255 FISERV DRIVE BROOKFIELD WI 53045 CORE PROCESSING COMPUTER SYSTEM 1022457 PERSONIX 255 FISERV DRIVE BROOKFIELD WI 53045 PROCESSING 338023 FIS 601 RIVERSIDE AVE JACKSONVILLE FL 32204 SOFTWARE 317582 TOWER BUILDING MAINTENANCE 45450 INDUSTRIAL PL 13 FREEMONT CA 94538 BUILDING MAITENANCE 310467 0 INTEREST ON LOANS 522100 24677399 24677399 FEE INCOME 522100 6173573 6173573 INTERCHANGE INCOME 522100 5487363 5487363 OTHER NON-INTEREST INCOME 522100 1698619 1698619 38036954 4766268 4766268 1413214 0 1413214 1413214 1413214 28919363 28499513 419850 419850 419850 44636286 38036954 0 6599332 51500 1399482 2367097 10727401 566516 1756896 1010992 122111 183981 7500 878742 683480 2336938 2324234 53920 213418 474945 1500089 233115 CREDIT CARD EXPENSES 1917881 ATM EXPENSES 1602057 PROVISION FOR LOAN LOSS 1305000 LENDING & COLLECTIONS 917736 3191019 35826050 1 48670507 76213048 7015453 2641270 4132739 0 535027948 644153497 1353320 1141261 38061978 21958145 12471904 16103833 252297837 187253977 7098800 9109365 868068508 936616252 4686040 6938440 0 0 779402988 836888097 784089028 843826537 X 0 0 0 0 83979480 92789715 83979480 92789715 868068508 936616252 8810236 0 X 0 1 X 1 0 5000000 5000000 12962248 2911968 10050280 5463779 5463779 0 14635951 13582398 1053553 16103833 CORPORATE CREDIT UNIONS 600000 C CERTIFICATE OF DEPOSITS 18951000 C US GOVERNMENT AND FEDERAL AGENCY SECURITIES 150132813 C INVESTMENT IN OTHER FINANCIAL INSTITUTIONS 9658699 C FHLB MEMBERSHIP STOCK 4135000 C OTHER 2909215 C LOANS HELD FOR SALE 867250 C 187253977 MEMBER SHARES 836888097 836888097 X PART X, LINE 2: FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. 0 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) 5000 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) 6500 SCHOLARSHIP DONATION TO ANNUAL AWARDS CHILDREN'S MIRACLE NETWORK HOSPITALS 2855 EAST GUASTI ROAD SUITE 600 ONTARIO CA 91761 870387205 501(C)(3) 12000 SPONSORS OF CREDIT UNION SACTOWN TEN-MILE RUN & KIDS WINE AUCTION KAINOS HOME & TRAINING CENTER 3631 JEFFERSON AVENUE REDWOOD CITY CA 94062 237408490 501(C)(3) 5000 UNDERWRITE THE ANNUAL ACHIEVEMENT CHALLENGE "A SALUTE TO STARS" GALA PENINSULA TELEVISION INC 1250 SAN CARLOS AVE 2ND FLOOR SAN CARLOS CA 94070 270418578 501(C)(3) 5000 SPONSORSHIPSPONSORSHIP 7 X X 1 1 X X X X X 0 0 0 WADE PAINTER PRESIDENT/CEO 409564 0 64199 0 258 0 7804 0 10597 0 492422 0 0 0 JACK CHINN VP FINANCE 238061 0 28514 0 396 0 8587 0 37771 0 313329 0 0 0 VALERIE ALSIP SVP/COO 195785 0 39923 0 172 0 5055 0 11036 0 251971 0 0 0 REBECCA NIXON VP HR 141327 0 19788 0 54 0 7319 0 17568 0 186056 0 0 0 DONALD KNEISLER VP DIGITIAL SERVICES 157476 0 32855 0 413 0 3959 0 20551 0 215254 0 0 0 ROBERT CARTER VP ADMINISTATIVE SERVICES 157676 0 23710 0 258 0 7619 0 12258 0 201521 0 0 0 DOREEN SZYMANKSKI VP MEMBER EXPERIENCE 137255 0 16061 0 138 0 7277 0 15663 0 176394 0 0 0 WILLIAM ANDREWS AVP INFORMATION SERVICES 138032 0 13033 0 258 0 3552 0 8389 0 163264 0 0 0 DANI ROBINSON AVP CREDIT RISK MGMT 143924 0 15858 0 258 0 6480 0 16677 0 183197 0 0 0 HOLLY FRASER AVP CUSO 150365 0 15710 0 0 0 5770 0 11845 0 183690 0 0 0 KATHLEEN BEHRENDT AVP LENDING 134108 0 14687 0 396 0 6293 0 19889 0 175373 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. FORM 990, PART V, LINE 3B THE CREDIT UNION IS IN THE PROCESS OF COMPLETING AN UNRELATED BUSINESS INCOME CALCULATION AND WILL FILE FORM 990-T UPON COMPLETION. 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 (6) VOLUNTEER MEMBERS ON THE SUPERVISORY COMMITTEE FOR 2016. SMART SHOP AUTO SERVICES 350 CONVENTION WAY REDWOOD CITY CA 94063 AUTO BUYING SERVICES CA 179200 91658 SAN MATEO CREDIT UNION