2015-11-16T12:23:42-06:00 2014-12-31 WOLF & COMPANY PC 99 HIGH STREET 21ST FLOOR BOSTON MA 02110 990 2014-01-01 940755684 Patelco Credit Union % SUSAN GRUBER PATE 8003588228 5050 Hopyard Road Pleasanton CA 94588 SUSAN GRUBER CFO 9254604613 2015-11-04 true Michael J Rowe CPA P00535831 6174399700 2015-11-04 2014 2016-03-07 17:11:31Z Erin Mendez 5050 Hopyard Road Pleasanton CA 94588 503368362 false X www.patelco.org X credit union 1936 CA provides a broad range of loan & deposit products and other financial services to its members located in Northern California and illinois 11 11 759 16 322566 -1464141 0 0 134658980 130666345 17730169 20853599 5786321 8163798 158175470 159683742 0 0 0 0 50337495 53246545 0 0 0 55833150 63738898 106170645 116985443 52004825 42698299 4011238511 4195707329 3538521098 3689118858 472717413 506588471 The organization is a full service state-chartered credit union that provides a broad range of loan and deposit products and other financial services to its members located in Northern California and illinois using various channels including branches, a call center and the internet. false false Patelco Credit Union is a state-chartered credit union that committed to provide its members with superior financial services. Its primary function is to provide loans to its members as well as accept deposits from them. In 2014, The Credit Union provided members with 3,552 new real estate loans totaling $772,088,007, 65,266 new consumer loans totaling $790,128,031, and 611,435 deposit accounts totaling $3,183,367,009. false false true false false false false true false true false false false true true false true false false false false false false false false false false false true false true false false false false false false false false false true true false false true 159688 0 true 759 true true true false false false false false X 11 11 false false false false true true true true true false true true true true true true true true true true false X X SUSAN GRUBER 9254604613 5050 HOPYARD ROAD Pleasanton CA 94588 Peter Hanelt Chairman 5.0 0.0 X X 6128 0 0 Garrick Zillgitt Director 5.0 0.0 X 3366 0 0 Jesse Rivera 2nd Vice Chair 5.0 0.0 X X 729 0 0 Tracey Scott secretary 5.0 0.0 X X 1076 0 0 Jeffrey Parks Director 5.0 0.0 X 3529 0 0 Vickie Rath Director 5.0 0.0 X 2936 0 0 John Rubino 1st vice chair 5.0 0.0 X 5733 0 0 Colleen Cabey Treasurer 5.0 0.0 X X 6729 0 0 Gerald Upson Director 5.0 0.0 X 6923 0 0 Gene Bell Director 5.0 0.0 X 4388 0 0 Race Chen Director 5.0 0.0 X 3203 0 0 Debra Chaw Supervisory Committee Chair 5.0 0.0 X 0 0 0 Erin Mendez President/CEO 40.0 0.0 X 773005 0 224699 Ryan Misasi ended 52314 Chief Retail Officer 40.0 0.0 X 178123 0 21746 Susan Gruber eff 91514 CFO 40.0 0.0 X 120408 0 7689 Kenneth Darling Chief Credit Officer 40.0 0.0 X 343682 0 29127 Kevin Landel Chief Information Officer 40.0 0.0 X 262620 0 38737 Susan Makris eff 4114 Chief Human Resource Officer 40.0 0.0 X 186433 0 17352 Melissa Morgan eff 9514 Chief Retail Officer 40.0 0.0 X 75369 0 5436 Christopher Allen eff21014 Chief audit executive 40.0 0.0 X 225509 0 34675 Jose Jimenez Chief Risk Officer 40.0 0.0 X 252141 0 39207 Scott Waite ended 123114 CFO 40.0 0.0 X 335139 0 47563 Mark Hoaglin ended 101714 VP Investments & Ins services 40.0 0.0 X 273751 0 37737 Pansy Fong VP Finance 40.0 0.0 X 215455 0 22425 Cory Schwab ended 51514 VP Member Business Loans 40.0 0.0 X 167332 0 12020 Alison Jones VP Marketing 40.0 0.0 X 261179 0 45545 Rebecca Arcia-Nicolay VP Consumer Underwriting 40.0 0.0 X 220995 0 34189 Vincent Salinas VP of Home Loans 40.0 0.0 X 184737 0 28171 Leilani Apolonio VP Operations 40.0 0.0 X 168566 0 13765 Flora Nafei VP Sales & Member Service 40.0 0.0 X 204885 0 31640 Sandra Scott VP Card Services 40.0 0.0 X 157087 0 21122 Arturo Vazquez Fin analysis & Statistics Dir 40.0 0.0 X 166451 0 6668 Mark Peters VP Project Management 40.0 0.0 X 168211 0 35487 Martin Doyle VP of Technology 40.0 0.0 X 169533 0 19791 Erik Welch VP Retail Operations 40.0 0.0 X 193385 0 12570 Scott George VP Information Systems 40.0 0.0 X 195876 0 29202 James Marasco Home Loan Consultant 40.0 0.0 X 381116 0 58830 Emmanuel Pablo financial Consultant 40.0 0.0 X 604773 0 56478 Patricia Vallejo Home Loan Consultant 40.0 0.0 X 268788 0 42176 Joseph Long Financial Consultant 40.0 0.0 X 279459 0 49475 Darryl Hall Financial Consultant 40.0 0.0 X 307930 0 42986 7386678 0 1066508 68 false true false FISERV Inc po box 80123 CITY OF INDUSTRY CA 917168123 online procssing 2519293 diamond marketing solutions group 1318 momentum place CHICAGO IL 606895313 statement processing 968625 experian po box 881971 LOS ANGELES CA 90088 credit reports 959555 diebold incorporated po box 643543 PITTSBURGH PA 152643543 maintenance 899687 ATT PO Box 5019 CAROL STREAM IL 60197 communication 1238757 59 0 INTEREST ON LOANS TO MEMBERS 100988056 100988056 SERVICE CHARGES 10384724 10384724 ATM FEES 524298 6474913 6152347 322566 INTERCHANGE INCOME 12818652 12818652 130666345 15852001 15852001 0 0 0 0 0 345235516 3450702 343684620 1550896 3450702 5001598 5001598 0 0 0 MISC INCOME 900099 3022277 3022277 CREDIT INSURANCE REVENUE 900099 1365519 1365519 INVESTMENT ADVISORY INCOME 900099 3776002 3776002 8163798 159683742 138507577 322566 20853599 0 0 0 0 5544612 0 36161979 1829555 6523295 3187104 218411 245130 286308 0 0 0 307280 2581897 4111111 3764660 0 8557355 1397786 0 0 14347891 0 1837128 1052266 PROVISION FOR LOAN LOSSES 3361000 LOAN SERVICING EXPENSES 11325506 ATM & OTHER PROCESSING EXPENSE 4921881 EQUIPMENT/MAINTENANCE 1622362 3800926 116985443 28102104 45802903 420478149 139670250 0 0 28369724 31911490 0 0 0 0 2287614556 2819045824 0 0 1706957 2228946 29727326 24634953 5853794 5092373 1157206707 1041438848 4384360 30889515 0 0 24724277 24438513 52797883 55188667 4011238511 4195707329 33227702 49939203 0 0 0 0 0 0 5414918 5254745 0 0 0 0 0 0 3499878478 3633924910 3538521098 3689118858 X 0 0 0 0 472717413 506588471 472717413 506588471 4011238511 4195707329 X 42698299 8385000 -17212241 X false true X true 18000 true CCUL-PAC PO Box 51476 Ontario CA 917610076 942329967 17000 0 Roger Dickinson for Senate 2014 510 Bercut Drive Suite S Sacramento CA 95811 1000 0 Schedule C, Part I-A, Line 1 - Description of Political Activities The Credit Union's activites include donations to campaigns and PACs related to those that support credit unions and specific legislation that is important and beneficial to credit unions. false true X 480734 480734 2175597 1569094 606503 6720472 5375770 1344702 10324073 8875665 1448408 10026450 8814424 1212026 5092373 0 REGULAR SHARES 940786813 SHARE DRAFTS 856319739 MONEY MARKET ACCOUNTS 766677740 SHARE CERTIFICATES 831790387 IRA/KEOGH ACCOUNTS 118105825 TREASURY PLUS ACCOUNTS 120244406 3633924910 X Schedule D, Part IV - Escrow Account The Credit Union holds funds in escrow account in connection with the mortgage loans. THE CREDIT UNION COMPLIES WITH ALL FEDERAL & STATE LAWS REGARDING DISCLOSURES AND OPERATION OF THESE ACCOUNTS. Schedule D, Part X, Line 2 - Uncertain Tax Positions The Credit Union is a state-chartered credit union, as described in Internal Revenue Code Section 501(c)(14). As such, the Credit Union is exempt from federal taxation of income derived from the performance of activities that are in furtherance of its exempt purposes. However, IRS SEction 511 imposes a tax on the unrelated business income (as defined in section 512) derived by state-chartered credit unions. Many states have similar laws. The specific application of section 512 to the various activities conducted by state-chartered credit unions has been at issue for many years. During 2007, the IRS issued a series of technical advice memoranda (TAM) to a number of state-chartered credit unions located throughout the country. In light of the TAMs, the Credit Union has assessed its activities and any potential federal or state income tax liability. In the opinion of management, any liability arising from federal or state taxation of activities deemed to be unrelated to its exempt purposes is not expected to have a material effect on the Credit Union's financial position or results of operations. Financial Accounting Standards Board ("FASB") Accounting Standard Codification ("ASC") 740-10-65, Income Taxes, provides guidance for how uncertain tax positions should be recognized, measured, disclosed and presented in the 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 a tax expense and liability in the current year. For the years ended December 31, 2014 and 2013, 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. the credit union is not subject to examinattion by U.S. federal and state tax authorities for the tax year before 2008. X true true X X true true false Erin Mendez President/CEO 500000 0 265001 0 8004 0 199445 0 25254 0 997704 0 0 0 Ryan Misasi ended 52314 Chief Retail Officer 125860 0 50750 0 1513 0 10069 0 11677 0 199869 0 0 0 Kenneth Darling Chief Credit Officer 260000 0 80600 0 3082 0 20800 0 8327 0 372809 0 0 0 Kevin Landel Chief Information Officer 224285 0 28100 0 10235 0 11438 0 27299 0 301357 0 0 0 Susan Makris eff 4114 Chief Human Resource Officer 155833 0 30600 0 0 0 12467 0 4885 0 203785 0 0 0 Christopher Allen eff21014 Chief audit executive 191827 0 30600 0 3082 0 13724 0 20951 0 260184 0 0 0 Jose Jimenez Chief Risk Officer 220000 0 30600 0 1541 0 15767 0 23440 0 291348 0 0 0 Mark Hoaglin ended 101714 VP Investments & Ins services 106260 0 167491 0 0 0 21418 0 16319 0 311488 0 0 0 Pansy Fong VP Finance 176959 0 17861 0 20635 0 14159 0 8266 0 237880 0 0 0 Cory Schwab ended 51514 VP Member Business Loans 147967 0 19365 0 0 0 7775 0 4245 0 179352 0 0 0 Alison Jones VP Marketing 220521 0 27088 0 13570 0 17644 0 27901 0 306724 0 0 0 Rebecca Arcia-Nicolay VP Consumer Underwriting 181528 0 30860 0 8607 0 32024 0 2165 0 255184 0 0 0 Vincent Salinas VP of Home Loans 167627 0 17110 0 0 0 20663 0 7508 0 212908 0 0 0 James Marasco Home Loan Consultant 36000 0 342524 0 2592 0 33024 0 25806 0 439946 0 0 0 Leilani Apolonio VP Operations 144976 0 17978 0 5612 0 11600 0 2165 0 182331 0 0 0 Flora Nafei VP Sales & Member Service 173314 0 31571 0 0 0 13867 0 17773 0 236525 0 0 0 Sandra Scott VP Card Services 143018 0 14069 0 0 0 11444 0 9678 0 178209 0 0 0 Emmanuel Pablo financial Consultant 33600 0 569881 0 1292 0 45144 0 11334 0 661251 0 0 0 Scott Waite ended 123114 CFO 322431 0 1500 0 11208 0 21624 0 25939 0 382702 0 0 0 Arturo Vazquez Fin analysis & Statistics Dir 150261 0 11597 0 4593 0 4510 0 2158 0 173119 0 0 0 Mark Peters VP Project Management 152922 0 9361 0 5928 0 12236 0 23251 0 203698 0 0 0 Martin Doyle VP of Technology 168693 0 840 0 0 0 11373 0 8418 0 189324 0 0 0 Erik Welch VP Retail Operations 168214 0 25171 0 0 0 5049 0 7521 0 205955 0 0 0 Scott George VP Information Systems 171703 0 17517 0 6656 0 13739 0 15463 0 225078 0 0 0 Patricia Vallejo Home Loan Consultant 36000 0 231403 0 1385 0 17888 0 24288 0 310964 0 0 0 Joseph Long Financial Consultant 33600 0 244567 0 1292 0 26071 0 23404 0 328934 0 0 0 Darryl Hall Financial Consultant 33600 0 274330 0 0 0 17832 0 25154 0 350916 0 0 0 Schedule J, Part I, Line 1a - Travel for Companions The Credit Union provides travel for companions benefits to the board members and reports applicable amounts as taxable benefits. Schedule J, Part I, Line 4a - Severance Payments Cory Schwab received $50,785 of servance payment in 2014 Schedule J, Part I, Line 4b - 457(f) nonqualified plan The credit union entered into a 457(f) plan with Erin Mendez, CEO in 2014. $150,904 was included in Erin Mendez's deferred compensation on Schedule J, Part II, Column (c). SCHEDULE L, PART II - LOANS TO AND/OR FROM INTEREST PERSONS SOME OF THE OFFICERS, DIRECTORS and key employees HAVE LOANS OUTSTANDING FROM THE CREDIT UNION. THESE LOANS WERE OBTAINED IN THE ORDINARY COURSE OF BUSINESS OF THE CREDIT UNION ON THE SAME TERMS AVAILABLE TO ALL MEMBERS. BASED ON THE SCHEDULE L INSTRUCTIONS, THESE LOANS ARE NOT DISCLOSED. 990, Part VI, Section A, Lines 6, 7a & 7b - Members Line 6 - Patelco Credit Union is a state-chartered credit union organized under the provisions of the california credit union act. Membership in the credit union is limited to those individuals taht qualify for membership, including employees of AT&T, Walgreens and other specific employer sponsors, and individuals who live, work, or worship in one of a specific froup of cities in Northern California. The field of membership is defined by the credit union bylaws. Lines 7a & 7b - the credit union members elect board of directors with varied terms at an annual meeting held each year. 990, Part VI, section B, Line 11b - Review of 990 Form 990 is reviewed by the CFO and the chairperson of the finance committee. It is also available to all board members for review prior filing with the IRS. 990, Part VI, Section B, Line 12c - Conflict of Interest Policy All employees and officials are subjects to credit union conflict of interest policies. Violations could be subject to discriplinary action. All in-house accounts held with the credit union are subject to internal review. 990, Part VI, Section B, Line 15 - Compensation determination process All management positions have compensation set by the policies and guidelines approved by board of Directors or CEO. 990, Part VI, Section C, Line 19 - Governing Documents The Credit Union makes its financial statements available to the public by posing them in each of its retail branches. Its annual reports and financial statements are posted on the Patelco Credit Union's website at www.patelco.org. Governing documents and conflict of interest policies are available to the members upon reques in writing. 990, Part XI, Line 9 - Other Change in Net Assets Net Change in FAS 158 Pension Liability ($17,212,241) Patelcorp Service Organization 5050 Hopyard Rd Pleasanton CA 94588 943068709 Ins & investments CA Patelco CU C Corp 554003 2083846 1.00000 true Members Advantage Plus 5050 hopyard rd pleasanton CA 94588 943233988 auto byuing svcs CA Patelco CU C Corp 294476 236387 1.00000 true false false false false false false false false false false false false true true true false true false false MEMBERS ADVANTAGE PLUS m 294476 FMV MEMBERS ADVANTAGE PLUS q 45821 fmv Patelcorp service organization m 554003 fmv Patelcorp service organization q 247132 fmv Patelcorp service organization o 59236 fmv MEMBERS ADVANTAGE PLUS n 15177 fmv MEMBERS ADVANTAGE PLUS o 200515 fmv