2025-11-15T11:59:35-06:00 2024-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2024-01-01 951185803 CALIFORNIA COAST CREDIT UNION CALI 8586364204 PO BOX 502080 SAN DIEGO CA 92150 MATTHEW FICCO CFO 8586364204 2025-11-13 1 0 JENIFER L CHASE P01306883 5638884000 2025-11-13 2024 2025-03-06 01:10:19Z TODD LANE CEO PO BOX 502080 SAN DIEGO CA 92150 167740948 0 X WWW.CALCOASTCU.ORG X 1929 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 11 11 662 19 149101 0 0 0 118948865 135710597 32346215 31396025 1168105 486729 152463185 167593351 70000 87500 0 0 55262451 61230635 0 0 0 68772127 84443964 124104578 145762099 28358607 21831252 3287677887 3359400333 2991871736 3038027774 295806151 321372559 X CALIFORNIA COAST CREDIT UNION (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 RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, 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 CONDITION. AS A COOPERATIVE, THE CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 ACHIEVEMENT OF SATISFACTORY SERVICES PROVIDED TO MEMBERS IN CONNECTION WITH CONSUMER LOANS, I.E., AUTO LINES, VISA, AND PERSONAL LINES OF CREDIT. ACCOMPLISHMENT OF TARGET GOALS IN CONNECTION WITH PROVISION OF MORTGAGE LOAN PRODUCTS TO EXISTING MEMBERS. MEMBER SATISFACTION IN CONNECTION WITH SERVICES PERTAINING TO CHECKING/SAVINGS ACCOUNTS, ATTRACTIVE CD RATES, IRA AND SIMILAR ACCOUNTS. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 56316 0 1 662 1 1 1 0 0 0 0 0 1 0 X 11 11 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 1 1 1 0 0 CA X MATTHEW FICCO 8586364204 PO BOX 502080 SAN DIEGO CA 92150 DR BARBARA K BROOKS DIRECTOR 2.00 X 708 0 0 RICHARD J KNOTT DIRECTOR 2.00 X 1651 0 0 STEVE MCMAHON CHAIR 4.00 X X 0 0 0 RACHEL MILLER DIRECTOR 2.00 X 0 0 0 LAN NGUYEN VICE CHAIR 4.00 X X 0 0 0 WARREN RUIS DIRECTOR 2.00 X 1822 0 0 JAY SHEPARD DIRECTOR 2.00 X 0 0 0 MEISHA SHERMAN DIRECTOR 2.00 X 2794 0 0 RON VILLA DIRECTOR 2.00 X 2290 0 0 MONTE JONES DIRECTOR 2.00 X 1841 0 0 YEN TU SECRETARY 4.00 X X 2213 0 0 TODD LANE CEO 40.00 X 1221808 0 575545 MATTHEW FICCO CFO 40.00 X 427706 0 23829 KATHERINE CADY COO 40.00 X 1135561 0 33724 VASUDEVAN SAMBASIVAM CIO 40.00 X 482680 0 13471 MITZI ZARCONE CLO 40.00 X 418683 0 20478 KELLEN GILL CARO 40.00 X 325366 0 34989 HEATHER TOUDLE SVP, COMMERCIAL LENDING 40.00 X 272594 0 27578 ANTONIA LUNA EVP, MEMBER DELIVERY 40.00 X 330423 0 23911 GREGORY CORNELL FORMER EVP - MEMBER EXPERIENCE 40.00 X 269079 0 3190 STEVE VOLLE SVP, REAL ESTATE LENDING 40.00 X 288049 0 30884 TIM MULLIGAN CHRO 40.00 X 277395 0 21196 5462663 0 808795 122 0 1 0 MASTERCARD 2000 PURCHASE STREET PURCHASE NY 10577 DEBIT AND CREDIT CARD PROCESSING 4358232 TAILWINDS BUSINESS VENTURES LLC 11901 W PARMER LN SUITE 220 CEDAR PARK TX 78613 TECH TEMP HELP 2456205 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 PLASTIC CARD SERVICES 2305985 GLOBANT LLC 251 PARK AVE SOUTH 11TH FLOOR NEW YORK NY 10010 TECH TEMP HELP 2024630 ARK MARKETING PO BOX 221075 SAN DIEGO CA 92192 MARKETING SERVICES 1497618 97 INTEREST ON LOANS 522100 104004344 104004344 INTERCHARGE INCOME 522100 16228701 16228701 FEE INCOME 522100 11105473 11105473 OTHER OPERATING INCOME 522100 4372079 4222978 149101 135710597 31543622 31543622 486729 0 486729 486729 486729 147597 -147597 -147597 -147597 167593351 135561496 149101 31882754 87500 4727160 47739583 619821 4689434 3454637 113500 1334327 99226 8000 3906341 4831345 3516249 7186120 6519741 1025943 17 6197897 361064 DIVIDENDS PAID TO MEMBE 34507369 CARD PORTFOLIO & ATM EX 9383581 PROVISION FOR LOAN LOSS 1471886 FRAUD AND OTHER LOSSES 1282903 2698455 145762099 48568773 51801804 59617207 177950429 7631537 10384878 2279134888 2269507696 5844324 6627715 97024096 48650111 46355498 48373985 747249096 700851734 45002004 44908222 3167772 3167772 45106788 45826098 3287677887 3359400333 28338142 28301841 2963533594 3009725933 2991871736 3038027774 X 0 0 0 0 295806151 321372559 295806151 321372559 3287677887 3359400333 21831252 3735156 0 X X 0 0 0 8000 3000 5000 8000 1 DAVID BAUER 2150 RIVER PLAZA DRIVE 150 SACRAMENTO CA 95833 263457749 3000 0 SAN DIEGO CREDIT UNION'S PAC PO BOX 85833 SAN DIEGO CA 921865833 743032876 5000 0 PART I-A, LINE 1: CALIFORNIA COAST CREDIT UNION MAKES CONTRIBUTIONS TO SUPPORT POLITICAL ACTION COMMITTEES PROMOTING CREDIT UNION CAUSES. 9182213 9182213 25030782 15778542 9252240 9017941 8195187 822754 53793160 24676382 29116778 48373985 MEMBER DEPOSITS 2958068007 NON-MEMBER DEPOSITS 51657926 3009725933 1 SAN DIEGO HUMANE SOCIETY 5500 GAINES STREET SAN DIEGO CA 92110 953330218 501(C)(3) 10000 0 SUPPORT ANIMAL WELFARE, ADOPTION, VET, AND TRAINING ORANGE WAVE FOUNDATION PO BOX 421321 SAN DIEGO CA 92124 934521122 501(C)(3) 20000 0 SUPPORT PHILANTHROPIC EVENTS FOR STUDENTS AND TEACHERS CAL COAST CARES FOUNDATION PO BOX 421321 SAN DIEGO CA 92124 475249703 501(C)(3) 50000 0 SUPPORT CCCU EMPLOYEES WITH HARDSHIP CIRCUMSTANSES LOGAN HEIGHTS COMMUNITY DEVELOPMENT CORP 3040 IMPERIAL AVE SAN DIEGO CA 92102 330677938 501(C)(3) 7500 0 LOGAN HEIGHTS COMMUNITY FLOOD RELIEF FUND 4 0 PART I, LINE 2: CALIFORNIA COAST CREDIT UNION ISSUES FUNDS TO ORGANIZATIONS TO BE USED AT THEIR OWN DISCRETION. X X 1 1 X X X 1 1 0 TODD LANE CEO 880116 0 327000 0 14692 0 541859 0 33686 0 1797353 0 0 0 KATHERINE CADY COO 422403 0 111568 0 601590 0 13800 0 19924 0 1169285 0 212445 0 VASUDEVAN SAMBASIVAM CIO 387285 0 84449 0 10946 0 2282 0 11189 0 496151 0 0 0 MATTHEW FICCO CFO 342282 0 75984 0 9440 0 13446 0 10383 0 451535 0 0 0 MITZI ZARCONE CLO 329200 0 75343 0 14140 0 9979 0 10499 0 439161 0 0 0 KELLEN GILL CARO 291962 0 28077 0 5327 0 11086 0 23903 0 360355 0 0 0 ANTONIA LUNA EVP, MEMBER DELIVERY 271826 0 52451 0 6146 0 6495 0 17416 0 354334 0 0 0 STEVE VOLLE SVP, REAL ESTATE LENDING 240873 0 43355 0 3821 0 7305 0 23579 0 318933 0 0 0 HEATHER TOUDLE SVP, COMMERCIAL LENDING 230882 0 40876 0 836 0 9539 0 18039 0 300172 0 0 0 TIM MULLIGAN CHRO 267557 0 0 0 9838 0 1025 0 20171 0 298591 0 0 0 GREGORY CORNELL FORMER EVP - MEMBER EXPERIENCE 60516 0 0 0 208563 0 2449 0 741 0 272269 0 0 0 PART I, LINE 1A IN 2024, CALIFORNIA COAST CREDIT UNION PAID FOR COMPANION TRAVEL AND FIRST CLASS TRAVEL FOR MEISHA SHERMAN, RON VILLA, BARBARA BROOKS, MONTE JONES, RICHARD KNOTT, WARREN RUIS, AND YEN TU. THIS BENEFIT IS INCLUDED IN REPORTABLE COMPENSATION ON FORM 990, PART VII. PART I, LINES 4A-B DURING CALENDAR YEAR 2024, GREGORY CORNELL RECEIVED A SEVERANCE PAYMENT OF $208,356. THIS PAYMENT WAS MADE IN CONSIDERATION FOR SERVICE TO CALIFORNIA COAST CREDIT UNION AS FORMER EVP - MEMBER EXPERIENCE. THE DOLLAR AMOUNT OF THE BENEFIT IS INCLUDED IN OTHER REPORTABLE COMPENSATION ON FORM 990 PART VII, AND SCHEDULE J, PART II. TODD LANE, CHIEF EXECUTIVE OFFICER, AND KATHERINE CADY, CHIEF OPERATIONS OFFICER, PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN SPONSORED BY CALIFORNIA COAST CREDIT UNION. THIS NON-QUALIFIED RETIREMENT PLAN IS FOR ELIGIBLE EXECUTIVES TO ENSURE THAT THEY RECEIVE A CERTAIN AMOUNT OF TARGETED RETIREMENT BENEFITS AS DETERMINED BY THE BOARD OF DIRECTORS. THE AMOUNT BELOW REPRESENT THE DEFINED BENEFIT ACCRUALS FOR THE 457F PLAN ON BEHALF OF THE PARTICIPANTS. THIS AMOUNT IS INCLUDED IN DEFERRED COMPENSATION ON PART VII AND SCHEDULE J. TODD LANE - $528,485 THE AMOUNT BELOW REPRESENTS THE DISTRIBUTION AMOUNT RECEIVED BY THE PARTICIPANT IN 2024. THIS AMOUNT IS INCLUDED IN OTHER REPORTABLE COMPENSATION ON FORM 990, PART VII AND SCHEDULE J, PART II. KATHERINE CADY - $584,698 FORM 990, PART VI, SECTION A, LINE 6 CALIFORNIA COAST CREDIT UNION HAS MEMBERS AS SPECIFIED IN ITS BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A CALIFORNIA COAST CREDIT UNION MEMBERS HAVE THE POWER TO ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF CALIFORNIA COAST CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 8B CALIFORNIA COAST CREDIT UNION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ACCOUNTING MANAGER, AVP OF ACCOUNTING, AND THE CHIEF FINANCIAL OFFICER PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. THE FORM 990 IS MADE AVAILABLE TO THE EXECUTIVE COMMITTEE FOR REVIEW AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS, SUPERVISORY COMMITTEE, OFFICERS, VICE PRESIDENTS, SENIOR DIRECTORS, DIRECTORS, AND SENIOR MANAGERS ALL MUST COMPLETE AN ANNUAL QUESTIONNAIRE TO DISCLOSE ANY DIRECT CONFLICT AND/OR POTENTIAL CONFLICT THAT MAY ARISE WITH CALIFORNIA COAST CREDIT UNION (THE CREDIT UNION). AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST OCCURS WHEN A PERSON IS IN A POSITION TO INFLUENCE A DECISION THAT MAY RESULT IN PERSONAL GAIN FOR THAT EMPLOYEE OR FOR A RELATIVE OF THAT EMPLOYEE AS A RESULT OF THE CREDIT UNION'S BUSINESS DEALINGS. ANY PERSON INVOLVED THAT IS DEEMED TO HAVE A CONFLICT MUST IMMEDIATELY AND FULLY DISCLOSE THE CIRCUMSTANCES TO SENIOR MANAGEMENT OF THE EMPLOYEE'S BUSINESS UNIT OR PRESIDENT/CHIEF EXECUTIVE OFFICER OF THE CREDIT UNION FOR A DETERMINATION AS TO WHETHER A CONFLICT EXISTS. IF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS, THE CREDIT UNION MAY TAKE WHATEVER CORRECTIVE ACTION APPEARS APPROPRIATE ACCORDING TO THE CIRCUMSTANCES. FORM 990, PART VI, SECTION B, LINE 15A HUMAN RESOURCES GATHERS INFORMATION USING COMPENSATION SURVEYS AND USES 3RD PARTY DATA TO COMPARE COMPENSATION WITH SIMILARLY SITUATED PERSONS AT COMPARABLE ORGANIZATIONS. THE COMPENSATION COMMITTEE IN CONJUNCTION WITH THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE CHIEF EXECUTIVE OFFICER'S COMPENSATION PACKAGE EACH YEAR. THE CHIEF EXECUTIVE OFFICER HAS A WRITTEN EMPLOYMENT AGREEMENT. THE PROCESS OF DETERMINING THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD MINUTES. THE LAST TIME THIS PROCESS OCCURRED WAS IN 2025. FORM 990, PART VI, SECTION C, LINE 19 CALIFORNIA COAST 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: CALIFORNIA COAST CREDIT UNION'S (THE CREDIT UNION) FINANCIAL STATEMENTS ARE AUDITED ON A CONSOLIDATED BASIS BY AN INDEPENDENT ACCOUNTANT. HOWEVER, THE FINANCIAL STATEMENTS ARE AUDITED ON A FISCAL YEAR-END BASIS OF MARCH 31ST, WHILE THE CREDIT UNION'S TAX YEAR-END IS DECEMBER 31ST. CALIFORNIA COAST FINANCIAL SERVICES LLC 9201 SPECTRUM CENTER BLVD SAN DIEGO CA 92123 330986534 INVESTMENTS CA 1 1401 CALIFORNIA COAST CREDIT UNION ORANGE WAVE 9201 SPECTRUM CENTER BLVD SAN DIEGO CA 92123 934521122 SUPPORT FOR CALIFORNIA COAST EMPLOYEES CA 501(C)(3) LINE 10 CALIFORNIA COAST CREDIT UNION 1 PRIVATE INVESTMENT FUND LLC 9600 NE CASCADES PKWY STE 250 PORTLAND OR 97220 862910679 REAL ESTATE LOANS OR CALIFORNIA COAST CREDIT UNION RELATED 404049 11009493 0 0 0.51900 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0