2024-11-08T18:43:40-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2023-01-01 942600376 KEYPOINT CREDIT UNION KEYP 4087314100 2150 TRADE ZONE BOULEVARD SAN JOSE CA 95131 ANNIE SONG CHIEF FINANCIAL OFFICER 4087314100 2024-11-07 1 1 MELISSA HANGSLEBEN P02087031 6022662248 2024-11-07 2023 2024-10-15 13:58:12Z T BRADFORD CANFIELD 2150 TRADE ZONE BOULEVARD SAN JOSE CA 95131 77005496 0 X WWW.KPCU.COM X 1979 CA A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 10 10 218 14 390761 0 0 0 60116605 65431008 9059681 10437861 136220 54940 69312506 75923809 22500 36309 2713587 11214408 25262376 24980661 0 0 0 34513831 34229168 62512294 70460546 6800212 5463263 1806959309 1679667006 1689747484 1570897171 117211825 108769835 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 22838 0 1 218 1 1 1 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 T BRADFORD CANFIELD PRESIDENT & CEO 50.00 0.10 X 881375 0 28777 DAVID LUU CHIEF OP & LENDING OFFICER 50.00 0.10 X 540485 0 174439 LEE ANNE GIBLIN CHIEF ADMINISTRATIVE OFFICER 50.00 0.00 X 442320 0 129645 ANDREW MANNING CHIEF INFORMATION OFFICER 50.00 0.00 X 434092 0 135627 JOHN CALADIM CFO (THRU 11/2/2023) 50.00 0.00 X 297452 0 27266 MARSHA BERLINSKI SVP SALES & RETAIL LENDING 50.00 0.00 X 281330 0 27420 PHUOC NGO DIRECTOR IT INFRASTRUCTURE 40.00 0.00 X 238509 0 34787 ARIE ELKINS VP CHIEF INFO SECURITY OFFICER 50.00 0.00 X 236893 0 34282 HERMAN WHITE VP COMMERCIAL BANKING OPERATIONS 50.00 0.00 X 248841 0 16408 JOSHUA HERZOG VP OPERATIONS AND MEMBER EXPERIENCE 50.00 0.00 X 226260 0 33981 VICTOR SMILGYS VP DIGITAL SERVICES 50.00 0.00 X 227517 0 26377 LAWRENCE SCOFFIELD VP CORPORATE ADMIN 50.00 0.00 X 225793 0 26246 STEVEN WEILER SVP COMMERCIAL BANKING 50.00 0.00 X 224391 0 15514 DORON NOYMAN VP, BD & COMMUNITY RELATIONS 50.00 0.00 X 198428 0 36077 DASHIELL MCELROY DIRECTOR OF CORE SOLUTIONS 40.00 0.00 X 204615 0 29859 SARAH SOTELO DIRECTOR OF RETAIL PROGRAM ADMIN 40.00 0.00 X 193746 0 32912 LANCE NELSON DIRECTOR OF LOAN SERVICING 40.00 0.00 X 193105 0 32822 ANITA DOMONDON VP RE LENDING 50.00 0.00 X 204987 0 15921 KULVINDER SAINI DIRECTOR OF RISK MANAGEMENT 40.00 0.00 X 189853 0 29144 DAVID GREENE VP MARKETING 50.00 0.00 X 181836 0 27549 DOUGLAS SCHROCK VP FINANCE (THRU 4/29/2023) 50.00 0.00 X 173118 0 35158 ANNIE SONG CHIEF FINANCIAL OFFICER 50.00 0.00 X 158943 0 12398 GARY GARCIA CHAIRPERSON 5.00 0.00 X X 0 0 0 KEITH STATTENFIELD VICE CHAIRPERSON 5.00 0.00 X X 0 0 0 MARY BENNION SECRETARY & TREASURER 5.00 0.00 X X 0 0 0 ANDREA SICILIANO DIRECTOR 5.00 0.00 X 0 0 0 BALJINDER SANDHU DIRECTOR 5.00 0.00 X 0 0 0 BRICE HARRISON DIRECTOR (THRU 4/30/2023) 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 JOHN TOM DIRECTOR 5.00 0.00 X 0 0 0 LESLIE GUIDICE DIRECTOR (THRU 1/26/2023) 5.00 0.00 X 0 0 0 LINDA CHEW DIRECTOR (THRU 4/23/2023) 5.00 0.00 X 0 0 0 MARSHA POENISH DIRECTOR 5.00 0.00 X 0 0 0 ROBERT LERNER DIRECTOR 5.00 0.00 X 0 0 0 TRACY WINGROVE DIRECTOR (THRU 4/27/2023) 5.00 0.00 X 0 0 0 6203889 0 962609 66 0 1 0 FISERV INC 455 WINDING BROOK DRIVE GLASTONBURY CT 06033 CORE SYSTEM SERVICING 1507339 SHI INTERNATIONAL CORP PO BOX 952121 DALLAS TX 753952121 CORE SYSTEM SERVICING 1044677 TECHNICAL BUILDERS INC 6140 HELLYER AVENUE SAN JOSE CA 95138 BUILDING CONSTRUCTION LABOR 825350 VISA DPS PO BOX 60000 SAN FRANCISCO CA 94160 DEBIT/CREDIT CARD PROCESSING 667454 FINANCIAL TECHNOLOGY SOLUTIONS INTL INC 406 E HUNTINGTON DRIVE SUITE 100 MONROVIA CA 91017 ATM TECHNOLOGY SERVICES 396915 28 INTEREST ON LOANS 522100 56309166 56309166 FEE INCOME 522100 3683610 3683610 INTERCHANGE INCOME 522100 2919191 2893849 25342 LOAN SERVICING INCOME 522100 1365797 1365797 GAIN ON SALE OF LOANS 522100 699088 699088 454156 104295 349861 65431008 10506330 15558 10490772 63648 319468 -255820 -255820 -255820 693750 749335 12884 -55585 -12884 -68469 -68469 OTHER INCOME 900099 310760 310760 310760 75923809 65055805 390761 10477243 36309 11214408 5987146 16000355 383597 2437039 172524 261275 237425 5981360 1212717 2531472 649969 1980778 559091 11339118 1677813 25761 PROVISION FOR LOAN LOSS 4456084 LOAN SERVICING 1999202 MISCELLANEOUS 826109 ATM EXPENSES 490994 70460546 16721369 18264168 86686605 85168053 656262 719652 15983210 15591336 1382519826 1274656287 2325919 2790988 48681640 27191697 21190594 21489943 221633576 202018167 27018512 27319240 32223436 31649172 1806959309 1679667006 21473192 22172739 52896 52727 1441627 1579361 344000000 230000000 1322779769 1317092344 1689747484 1570897171 X 0 0 0 0 117211825 108769835 117211825 108769835 1806959309 1679667006 X 5463263 -1494328 -12410925 X 0 1 X 1 0 0 1 X 3985000 3985000 14849168 843237 14005931 2963902 2210225 753677 26883570 24138235 2745335 21489943 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1317092344 1317092344 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, 2023 AND 2022. 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, 2023 AND 2022. THE CREDIT UNION'S 2020 THROUGH 2022 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. 1 YWCA GOLDEN GATE SILICON VALLEY 375 S THIRD ST SAN JOSE CA 95112 941186196 501(C)(3) 20000 0 TRIBUTE TO WOMAN AWARDS PROGRAM. 1 0 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 564024 0 232093 0 85258 0 12892 0 15885 0 910152 0 0 0 DAVID LUU CHIEF OP & LENDING OFFICER 320920 0 167682 0 51883 0 151743 0 22696 0 714924 0 0 0 LEE ANNE GIBLIN CHIEF ADMINISTRATIVE OFFICER 270186 0 130832 0 41302 0 106949 0 22696 0 571965 0 0 0 ANDREW MANNING CHIEF INFORMATION OFFICER 264458 0 128614 0 41020 0 112931 0 22696 0 569719 0 0 0 JOHN CALADIM CFO (THRU 11/2/2023) 281769 0 0 0 15683 0 11657 0 15609 0 324718 0 0 0 MARSHA BERLINSKI SVP SALES & RETAIL LENDING 197601 0 57831 0 25898 0 26689 0 731 0 308750 0 0 0 PHUOC NGO DIRECTOR IT INFRASTRUCTURE 178805 0 44146 0 15558 0 8441 0 26346 0 273296 0 0 0 ARIE ELKINS VP CHIEF INFO SECURITY OFFICER 177758 0 36885 0 22250 0 7936 0 26346 0 271175 0 0 0 HERMAN WHITE VP COMMERCIAL BANKING OPERATIONS 180335 0 45006 0 23500 0 15119 0 1289 0 265249 0 0 0 JOSHUA HERZOG VP OPERATIONS AND MEMBER EXPERIENCE 163417 0 43088 0 19755 0 7635 0 26346 0 260241 0 0 0 VICTOR SMILGYS VP DIGITAL SERVICES 169455 0 40847 0 17215 0 7689 0 18688 0 253894 0 0 0 LAWRENCE SCOFFIELD VP CORPORATE ADMIN 145819 0 43034 0 36940 0 7627 0 18619 0 252039 0 0 0 STEVEN WEILER SVP COMMERCIAL BANKING 148525 0 63318 0 12548 0 15514 0 0 0 239905 0 0 0 DORON NOYMAN VP, BD & COMMUNITY RELATIONS 127829 0 45871 0 24728 0 9377 0 26700 0 234505 0 0 0 DASHIELL MCELROY DIRECTOR OF CORE SOLUTIONS 154737 0 21771 0 28107 0 7163 0 22696 0 234474 0 0 0 SARAH SOTELO DIRECTOR OF RETAIL PROGRAM ADMIN 141854 0 31000 0 20892 0 6566 0 26346 0 226658 0 0 0 LANCE NELSON DIRECTOR OF LOAN SERVICING 147618 0 29577 0 15910 0 6476 0 26346 0 225927 0 0 0 ANITA DOMONDON VP RE LENDING 156752 0 31977 0 16258 0 6613 0 9308 0 220908 0 0 0 KULVINDER SAINI DIRECTOR OF RISK MANAGEMENT 141301 0 23121 0 25431 0 6630 0 22514 0 218997 0 0 0 DAVID GREENE VP MARKETING 143631 0 20959 0 17246 0 4853 0 22696 0 209385 0 0 0 DOUGLAS SCHROCK VP FINANCE (THRU 4/29/2023) 62478 0 64827 0 45813 0 29088 0 6070 0 208276 0 0 0 ANNIE SONG CHIEF FINANCIAL OFFICER 146346 0 0 0 12597 0 5385 0 7013 0 171341 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 2023 FOR CERTAIN MEMBERS OF MANAGEMENT. THE CREDIT UNION MADE THE FOLLOWING CONTRIBUTIONS TO THE PLAN DURING 2023. THERE WERE NO DISTRIBUTIONS. LEE ANNE GIBLIN - $75,962 DAVID LUU - $114,266 ANDREW MANNING - $74,675 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. ARIE C ELKINS VP CHIEF INFO SECURITY OFFICER MORTGAGE X 625000 472096 0 0 1 ARIE C ELKINS VP CHIEF INFO SECURITY OFFICER HELOC X 100000 67080 0 0 1 ANDREW MANNING CHIEF INFORMATION OFFICER MORTGAGE X 663000 599786 0 1 1 ANDREW MANNING CHIEF INFORMATION OFFICER MORTGAGE X 112000 107526 0 1 1 ANITA DOMONDON VP RE LENDING MORTGAGE X 971000 933818 0 0 1 DORON NOYMAN VP BD & COMMUNITY RELATIONS MORTGAGE X 400000 363583 0 0 1 DORON NOYMAN VP BD & COMMUNITY RELATIONS HELOC X 250000 233500 0 0 1 JOSHUA A HERZOG VP OPERATIONS AND MEMBER EXPERIENCE AUTO X 44570 13893 0 0 1 LAWRENCE D SCOFIELD VP CORPORATE ADMIN HELOC X 200000 67595 0 0 1 LAWRENCE D SCOFIELD VP CORPORATE ADMIN AUTO X 20001 2758 0 0 1 LAWRENCE D SCOFIELD VP CORPORATE ADMIN MORTGAGE X 102500 93073 0 0 1 MARSHA L BERLINSKI SVP SALES & RETAIL LENDING MORTGAGE X 970000 848908 0 0 1 VICTOR F SMILGYS VP DIGITAL SERVICES MORTGAGE X 270000 171712 0 0 1 VICTOR F SMILGYS VP DIGITAL SERVICES INVESTOR LOANS X 152000 131073 0 0 1 VICTOR F SMILGYS VP DIGITAL SERVICES INVESTOR LOANS X 119000 91585 0 0 1 VICTOR F SMILGYS VP DIGITAL SERVICES MORTGAGE X 155000 134602 0 0 1 VICTOR F SMILGYS VP DIGITAL SERVICES AUTO X 17789 10881 0 0 1 DAVID LUU CHIEF OPERATING & LENDING OFFICER MORTGAGE X 585000 419569 0 1 1 TED CANFIELD PRESIDENT & CEO SPLIT DOLLAR X 9542555 9542555 0 1 1 DAVID M GREENE VP MARKETING MORTGAGE X 308048 244034 0 0 1 TED CANFIELD PRESIDENT & CEO MORTGAGE X 1129000 1041709 0 1 1 15591336 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 2023. 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. 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 -10,925. CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE -12,400,000. 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 76479 157442 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0