2025-11-17T12:21:44-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2024-01-01 942600376 KEYPOINT CREDIT UNION KEYP 4087314100 2150 TRADE ZONE BOULEVARD SAN JOSE CA 95131 ANNIE SONG CHIEF FINANCIAL OFFICER 4087314100 2025-11-15 1 0 LISA N RYSSEL CPA P00643670 7149781300 2025-11-14 2024 2025-03-06 01:10:19Z T BRADFORD CANFIELD 2150 TRADE ZONE BOULEVARD SAN JOSE CA 95131 95127788 0 X WWW.KPCU.COM X CU 1979 CA A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 10 10 201 10 1123401 0 0 0 65431008 69167186 10437861 11168008 54940 -32148 75923809 80303046 36309 98565 11214408 22057614 24980661 26443033 0 0 0 34229168 27654902 70460546 76254114 5463263 4048932 1679667006 1602390335 1570897171 1486591497 108769835 115798838 X 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. 0 0 ACCOMPLISHMENT OF EXCELLENT LOAN SERVICES TO MEMBERS AND LOAN PORTFOLIO GROWTH THROUGH THE ORIGINATION OF CONSUMER AND MORTGAGE LOANS. ACCOMPLISHMENT OF TARGET GOALS IN MEMBER GROWTH (ACQUISITION OF NEW MEMBERS). MEMBER SATISFACTION IN CONNECTION WITH SERVICES PERTAINING TO CHECKING/SAVINGS ACCOUNTS, ATTRACTIVE CD RATES, IRA AND MONEY MARKET ACCOUNTS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 24784 0 1 201 1 1 1 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 CA X ANNIE SONG 4087314100 2150 TRADE ZONE BOULEVARD SAN JOSE CA 95131 KEITH STATTENFIELD VICE CHAIRPERSON 5.00 0.00 X X 0 0 0 GARY GARCIA CHAIRPERSON 5.00 0.00 X X 0 0 0 MARY BENNION SECRETARY & TREASURER 5.00 0.00 X X 0 0 0 MARSHA POENISH DIRECTOR 5.00 0.00 X 0 0 0 PRIYA JOSHI DIRECTOR (START 04/25/24) 5.00 0.00 X 0 0 0 ANDREA SICILIANO DIRECTOR (THRU 04/25/24) 5.00 0.00 X 0 0 0 JOHN TOM DIRECTOR 5.00 0.00 X 0 0 0 GEORGE LIN DIRECTOR 5.00 0.00 X 0 0 0 GREGORY EBY DIRECTOR 5.00 0.00 X 0 0 0 BRIAN JOHNS DIRECTOR (START 04/25/24) 5.00 0.00 X 0 0 0 BALJINDER SANDHU DIRECTOR 5.00 0.00 X 0 0 0 ROBERT LERNER DIRECTOR (THRU 04/25/24) 5.00 0.00 X 0 0 0 T BRADFORD CANFIELD PRESIDENT & CEO 50.00 0.10 X 891320 0 31989 LEE ANNE GIBLIN CHIEF ADMINISTRATIVE OFFIC 50.00 0.00 X 403090 0 133251 ANDREW MANNING CHIEF INFORMATION OFFICER 50.00 0.00 X 385928 0 135685 ANNIE SONG CHIEF FINANCIAL OFFICER 50.00 0.00 X 337488 0 19325 DAVID LUU EVP/CHIEF OP & LENDING OFFICER 50.00 0.10 X 471346 0 173825 DORON NOYMAN VP, BD & COMMUNITY RELATIO 50.00 0.00 X 199902 0 36949 ANITA DOMONDON VP RE LENDING 50.00 0.00 X 208539 0 17708 VICTOR SMILGYS VP DIGITAL SERVICES 50.00 0.00 X 230554 0 27243 JOSHUA HERZOG VP OPERATIONS AND MEMBER E 50.00 0.00 X 232601 0 36875 ARIE ELKINS VP CHIEF INFO SECURITY OFF 50.00 0.00 X 245491 0 40627 HERMAN WHITE VP COMMERCIAL BANKING OPER 50.00 0.00 X 260258 0 33044 MARSHA BERLINSKI SVP SALES & RETAIL LENDING 50.00 0.00 X 284072 0 14214 LAWRENCE SCOFFIELD VP CORPORATE ADMIN 50.00 0.00 X 220877 0 30348 DAVID GREENE VP MARKETING 50.00 0.00 X 201104 0 28557 NATASHA V ESCARENO FINANCIAL ADVISOR 50.00 0.00 X 409834 0 25931 SARAH SOTELO DIRECTOR OF RETAIL PROGRAM 40.00 0.00 X 192627 0 39103 LANCE NELSON DIRECTOR OF LOAN SERVICING 40.00 0.00 X 196749 0 39260 DASHIELL MCELROY DIRECTOR OF CORE SOLUTIONS 40.00 0.00 X 216536 0 31158 PHUOC NGO DIRECTOR IT INFRASTRUCTURE 40.00 0.00 X 244920 0 41791 5833236 0 936883 75 0 1 0 FISERV INC 455 WINDING BROOK DRIVE GLASTONBURY CT 06033 CORE SYSTEM SERVICING 1672527 VISA PO BOX 60000 SAN FRANCISCO CA 94160 DEBIT CARD PROCESSING 947361 LUMIN DIGITAL INC 3001 BISHOP DRIVE SUITE 110 SAN RAMON CA 94583 ONLINE & MOBILE BANKING PLATFORM 876591 FIRST DATA MERCHANT SERVICES CORPORATION 6200 S QUEBEC STREET GREENWOOD VILLAGE CO 80111 CREDIT / DEBIT CARD PAYMENT SERVICES 429056 LENDING SOLUTIONS 2200 POINT BOULEVARD ELGIN IL 60123 BUSINESS SERVICES 354575 28 INTEREST ON LOANS 522100 58636198 58636198 FEE INCOME 522100 3849628 2726227 1123401 INTERCHANGE INCOME 522100 2919608 2919608 OTHER INCOME 522100 1263335 1263335 LOAN SERVICING INCOME 522100 1249929 1249929 1248488 1248488 69167186 11182292 11182292 238070 270218 -32148 -32148 -32148 14540240 14547445 7079 -7205 -7079 -14284 -14284 80303046 68043785 1123401 11135860 98565 22057614 5332207 16551275 433608 2638299 1487644 366366 350478 6256963 1339679 2622148 625336 1793441 370554 6296646 1507631 16566 PROVISION FOR LOAN LOSS 2969000 LOAN SERVICING 2111936 MISCELLANEOUS 532620 ATM EXPENSES 495538 76254114 18264168 13777729 85168053 65663700 719652 788980 15591336 15854570 1274656287 1241843616 2790988 2597084 50143992 28556110 21489943 21587882 202018167 180969275 27319240 27352870 31649172 31954629 1679667006 1602390335 22172739 21865244 52727 52576 1579361 1538038 230000000 110000000 1317092344 1353135639 1570897171 1486591497 X 0 0 0 0 108769835 115798838 108769835 115798838 1679667006 1602390335 X 4048932 3108612 -128541 X 0 1 X 1 0 0 1 X 3985000 3985000 15252583 1361468 13891115 2906761 2312211 594550 27999648 24882431 3117217 21587882 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1353135639 1353135639 X 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: THE CREDIT UNION IS EXEMPT, UNDER IRC 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE THAT HAVE RESULTED IN NO TAXES PAID FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXITS AS OF DECEMBER 31, 2024 AND 2023. THE CREDIT UNION'S 2021 THROUGH 2023 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. 1 GIRLS ON THE RUN OF SILICON VALLEY PO BOX 510 LOS GATOS CA 95031 010628076 501(C)3 15000 0 SPONSORSHIP ZOOFEST 1 ZOO ROAD SAN FRANCISCO CA 94132 941429538 501(C)3 10000 0 SPONSORSHIP ALZHEIMER'S ASSOCIATION 2290 N FIRST STREET SUITE 212 SAN JOSE CA 95131 133039601 501(C)3 10000 0 SPONSORSHIP ALL STAR GROUP 3835 E THOUSAND OAKS BLVD BL WESTLAKE VILLAGE CA 91362 954546498 501(C)3 8075 0 SPONSORSHIP HOMEFIRST 507 VALLEY WAY MILPITAS CA 95035 942684272 501(C)3 25000 0 DONATION PART I, LINE 2: THE CREDIT UNION DOES NOT HAVE ANY FORMAL MONITORING PROCEDURES. X X 1 1 X X X X 0 1 0 T BRADFORD CANFIELD PRESIDENT & CEO 598511 0 235911 0 56898 0 15387 0 16602 0 923309 0 0 0 DAVID LUU EVP/CHIEF OP & LENDING OFFICER 341067 0 90270 0 40009 0 150108 0 23717 0 645171 0 0 0 LEE ANNE GIBLIN CHIEF ADMINISTRATIVE OFFIC 257268 0 84778 0 61044 0 109534 0 23717 0 536341 0 0 0 ANDREW MANNING CHIEF INFORMATION OFFICER 277424 0 73742 0 34762 0 111968 0 23717 0 521613 0 0 0 NATASHA V ESCARENO FINANCIAL ADVISOR 114923 0 288214 0 6697 0 2954 0 22977 0 435765 0 0 0 ANNIE SONG CHIEF FINANCIAL OFFICER 256846 0 40677 0 39965 0 10025 0 9300 0 356813 0 0 0 MARSHA BERLINSKI SVP SALES & RETAIL LENDING 212469 0 53264 0 18339 0 14214 0 0 0 298286 0 0 0 HERMAN WHITE VP COMMERCIAL BANKING OPER 193912 0 40074 0 26272 0 33044 0 0 0 293302 0 0 0 PHUOC NGO DIRECTOR IT INFRASTRUCTURE 185070 0 46174 0 13676 0 9279 0 32512 0 286711 0 0 0 ARIE ELKINS VP CHIEF INFO SECURITY OFF 188052 0 40991 0 16448 0 8115 0 32512 0 286118 0 0 0 JOSHUA HERZOG VP OPERATIONS AND MEMBER E 169249 0 45319 0 18033 0 8975 0 27900 0 269476 0 0 0 VICTOR SMILGYS VP DIGITAL SERVICES 154261 0 42414 0 33879 0 7713 0 19530 0 257797 0 0 0 LAWRENCE SCOFFIELD VP CORPORATE ADMIN 151121 0 36870 0 32886 0 7371 0 22977 0 251225 0 0 0 DASHIELL MCELROY DIRECTOR OF CORE SOLUTIONS 161972 0 31044 0 23520 0 7441 0 23717 0 247694 0 0 0 DORON NOYMAN VP, BD & COMMUNITY RELATIO 139119 0 38715 0 22068 0 9049 0 27900 0 236851 0 0 0 LANCE NELSON DIRECTOR OF LOAN SERVICING 150936 0 29310 0 16503 0 6748 0 32512 0 236009 0 0 0 SARAH SOTELO DIRECTOR OF RETAIL PROGRAM 140075 0 26055 0 26497 0 6591 0 32512 0 231730 0 0 0 DAVID GREENE VP MARKETING 150142 0 32588 0 18374 0 4840 0 23717 0 229661 0 0 0 ANITA DOMONDON VP RE LENDING 155574 0 31636 0 21329 0 6219 0 11489 0 226247 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS IS PAID TO BOARD MEMBERS FOR BOARD OFFSITE MEETINGS. HEALTH CLUB DUES ARE PAID FOR SEVERAL OFFICERS AND ARE TREATED AS TAXABLE COMPENSATION FOR ANY PERSONAL USE. PART I, LINE 4B THE ORGANIZATION ESTABLISHED A 457F PLAN DURING CALENDAR 2024 FOR CERTAIN MEMBERS OF MANAGEMENT. THE CREDIT UNION MADE THE FOLLOWING CONTRIBUTIONS TO THE PLAN DURING 2024. THERE WERE NO DISTRIBUTIONS. LEE ANNE GIBLIN - $76,988 DAVID LUU - $115,808 ANDREW MANNING - $75,683 SPLIT DOLLAR LIFE INSURANCE POLICIES - THE CREDIT UNION HAS MADE CERTAIN SPLIT DOLLAR LOANS FOR LIFE INSURANCE PREMIUM PAYMENTS TO A MEMBER OF EXECUTIVE MANAGEMENT. THE LOANS ARE COLLATERALIZED BY THE ASSIGNMENT OF THE DEATH BENEFIT AND CASH SURRENDER VALUES OF THE RESPECTIVE LIFE INSURANCE POLICIES. THE POLICIES ARE OWNED BY THE EXECUTIVE AND THE EXECUTIVE HAS THE RIGHT TO NAME THE BENEFICIARIES FOR AMOUNTS NOT SECURED BY THE ASSIGNMENTS. THE LOAN ARRANGEMENT INCLUDES A RECOURSE FEATURE WHEREBY THE EXECUTIVE COULD BE HELD RESPONSIBLE FOR ANY BALANCE DUE ON THE LOANS NOT SATISFIED BY THE POLICIES IN THE EVENT THE POLICIES ARE SURRENDERED. TED CANFIELD PRESIDENT & CEO SPLIT DOLLAR X 8478878 9678589 0 1 1 ANDREW MANNING CTO FIRST MORTGAGE FIXED X 663000 562133 0 1 1 ANDREW MANNING CTO FIRST MORTGAGE FIXED X 112000 104888 0 1 1 ANITA DOMONDON VP RE LENDING FIRST MORTGAGE VARIABLE GR 5 X 971000 909677 0 0 1 ARIE C ELKINS VP IT INFRASTRUCTURE FIRST MORTGAGE FIXED X 625000 452750 0 0 1 ARIE C ELKINS VP IT INFRASTRUCTURE JUNIOR HELOC LSEQ 5 YEARS X 100000 71696 0 0 1 DAVID M GREENE VP MARKETING FIRST MORTGAGE FIXED X 308048 224347 0 0 1 DORON NOYMAN VP SALES & DEVELOPMENT FIRST MORTGAGE FIXED X 400000 351897 0 0 1 DORAN NOYMAN VP SALES & DEVELOPMENT JUNIOR HELOC LSEQ 5 YEARS X 250000 240000 0 0 1 LAWRENCE D SCOFIELD VP CORPORATE ADMIN JUNIOR HELOC (GRANDFATHER) X 200000 181505 0 0 1 LAWRENCE D SCOFIELD VP CORPORATE ADMIN FIRST MORTGAGE FIXED X 102500 90034 0 0 1 MARSHA L BERLINSKI VP REAL ESTATE AND LOAN SERVICING FIRST MORTGAGE FIXED X 970000 821112 0 0 1 TED CANFIELD PRESIDENT & CEO FIRST MORTGAGE FIXED X 1129000 1009658 0 1 1 DAVID V LUU COO FIRST MORTGAGE FIXED X 585000 400806 0 1 1 VICTOR F SMILGYS VP IT ESERVICES FIRST MORTGAGE FIXED X 270000 143158 0 0 1 VICTOR F SMILGYS VP IT ESERVICES INVESTOR LOANS - FIXED X 152000 124150 0 0 1 VICTOR F SMILGYS VP IT ESERVICES INVESTOR LOANS - FIXED X 119000 85996 0 0 1 VICTOR F SMILGYS VP IT ESERVICES FIRST MORTGAGE FIXED X 155000 124866 0 0 1 VICTOR F SMILGYS VP IT ESERVICES AUTO DIRECT - USED X 17789 6429 0 0 1 DASHIELL C MCELROY EMPLOYEE LOC UNSECURED VARIABLE X 25000 20903 0 0 1 PHUOC V NGO EMPLOYEE FIRST MORTGAGE FIXED X 360000 193157 0 0 1 PHUOC V NGO EMPLOYEE JUNIOR HELOC LSEQ 5 YEARS X 250000 56819 0 0 1 15854570 FORM 990, PART VI, SECTION A, LINE 1A THE CREDIT UNION HAS AN EXECUTIVE COMMITTEE CONSISTING OF NO FEWER THAN THREE (3) DIRECTORS. THE COMMITTEE HAS THE POWER TO APPROVE MEMBERSHIP APPLICATIONS. WITH THE WRITTEN APPROVAL OF THE COMMISSIONER, THE EXECUTIVE COMMITTEE MAY ACT FOR THE BOARD OF DIRECTORS IN THE PURCHASE AND SALE OF SECURITIES, INVESTMENT AND WITHDRAWAL OF FUNDS, IN BORROWING FUNDS, AND TO MAKE LOANS TO OTHER CREDIT UNIONS IN ACCORDANCE WITH APPLICABLE LAW AND REGULATIONS. FORM 990, PART VI, SECTION A, LINE 6 PARTICIPATION IN THIS CREDIT UNION IS LIMITED TO THOSE WHO QUALIFY FOR MEMBERSHIP AS DEFINED IN THE CREDIT UNION'S CHARTER AND BYLAWS. THIS GENERALLY CONSISTS OF THOSE WHO LIVE, WORK, WORSHIP, OR GO TO SCHOOL IN SANTA CLARA, ALAMEDA, CONTRA COSTA, EL DORADO, PLACER, SAN MATEO, SANTA BARBARA, AND SACRAMENTO COUNTIES, CALIFORNIA. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, THE SPOUSE OF A MEMBER, THE BLOOD OR ADOPTIVE RELATIVES OF EITHER OF THEM, AND THEIR SPOUSES MAY BE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF KEYPOINT CREDIT UNION IS COMPRISED OF VOLUNTEER DIRECTORS 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 THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING PRIOR TO FILING WITH THE IRS. THE BOARD OF DIRECTORS DO NOT RECEIVE A COPY PRIOR TO FILING. 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. FOR THE ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY, THE VP OF RISK MANAGEMENT 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, WHO USE COMPARABILITY DATA TO DETERMINE THE APPROPRIATE COMPENSATION. COMPENSATION IS DOCUMENTED IN THE HR SOFTWARE AND THE REVIEW PROCESS WAS LAST COMPLETED DURING 2024. 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 DETERMINED BY THE PERFORMANCE LEVEL AS LONG AS THE SALARY REMAINS IN THE RANGE. THE RECOMMENDATION FOR MERIT INCREASE IS APPROVED OVERALL BY THE INDIVIDUAL DEPARTMENT VP OR EVP. THE OVERALL GROUP IS APPROVED BY THE CEO. THE ANNUAL REVIEW WAS LAST PERFORMED DURING 2023 AND DOCUMENTED IN THE HR SOFTWARE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. 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: LOSS ON CUSO INVESTMENT -128,541. KEYPOINT FOUNDATION 2150 TRADE ZONE BOULEVARD SAN JOSE CA 95131 473954329 CHARITABLE GIVING CA 501(C)(3) PF KEYPOINT CREDIT UNION 1 KEYPOINT INSURANCE SERVICES INC 2150 TRADE ZONE BOULEVARD SAN JOSE CA 95131 943140652 INSURANCE CA KEYPOINT CREDIT UNION C 86385 208444 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0