2023-11-15T13:04:32-06:00 2022-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2022-01-01 951185803 CALIFORNIA COAST CREDIT UNION CALI 8586364204 PO BOX 502080 SAN DIEGO CA 92150 MATTHEW FICCO CFO 8586364204 2023-11-14 1 MATTHEW FICCO 999009999 0 JENIFER L CHASE P01306883 5638884000 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TODD LANE CEO PO BOX 502080 SAN DIEGO CA 92150 133398803 0 X WWW.CALCOASTCU.ORG X 1929 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 696 16 0 0 0 0 101741346 105763899 12102104 26502834 880008 1129059 114723458 133395792 65000 55000 0 0 47946923 48799845 0 0 0 43723854 49920266 91735777 98775111 22987681 34620681 3476522108 3475789984 3120407211 3219402599 356114897 256387385 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 0 0 0 1 44490 0 1 696 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 0 0 0 0 1 1 0 1 1 1 0 0 X MATTHEW FICCO 8586364204 PO BOX 502080 SAN DIEGO CA 92150 TODD LANE CEO 40.00 X 993345 0 302867 KATHERINE CADY COO 40.00 X 497739 0 136686 BARBARA KROL FORMER CHRO 40.00 X 421987 0 21359 VASUDEVAN SAMBASIVAM CIO 40.00 X 370043 0 19325 MATTHEW FICCO CFO 40.00 X 358146 0 16304 MITZI ZARCONE CLO 40.00 X 335802 0 19950 MILA PASCUA CARO 40.00 X 320709 0 26450 LORI DURAN FORMER SVP, OPERATIONS 40.00 X 288743 0 20371 ANTONIA LUNA SVP, OPERATIONS 40.00 X 272580 0 26015 GREGORY CORNELL SVP, MARKETING 40.00 X 259856 0 30969 RENE MCKEE SVP, COMM & PUB REL 40.00 X 250716 0 18498 STEVE VOLLE SVP, REAL ESTATE 40.00 X 250080 0 28712 MEISHA SHERMAN DIRECTOR 2.00 X 1157 0 0 GARY ATKINSON DIRECTOR 2.00 X 0 0 0 DR BARBARA K BROOKS SECRETARY 4.00 X X 0 0 0 BRUCE HUSSON FORMER DIRECTOR 2.00 X 0 0 0 RICHARD J KNOTT VICE CHAIR 4.00 X X 0 0 0 STEVE MCMAHON DIRECTOR 2.00 X 0 0 0 FRED MEHLICK FORMER DIRECTOR 2.00 X 0 0 0 LAN NGUYEN DIRECTOR 2.00 X 0 0 0 WARREN RUIS DIRECTOR 2.00 X 0 0 0 JAY SHEPARD DIRECTOR 2.00 X 0 0 0 RON VILLA CHAIR 4.00 X X 0 0 0 4620903 0 667506 106 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 PLASTIC CARD NETWORK CONNECTION SERVICE 2914607 GLOBANT LLC 875 HOWARD ST SUITE 320 SAN FRANCISCO CA 94103 TECHNOLOGY AND SUPPORT 2258366 TAILWIND BUSINESS VENTURES LLC 11901 W PARMER LN SUITE 220 CEDAR PARK TX 78613 TECHNOLOGY AND SUPPORT 2136197 ARK MARKETING PO BOX 221075 SAN DIEGO CA 92192 MARKETING AND ADVERTISING 1848837 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 TECHNOLOGY AND SUPPORT 1150334 86 INTEREST ON LOANS 522100 72579380 72579380 INTERCHARGE INCOME 522100 15980988 15980988 FEE INCOME 522100 10151548 10151548 OTHER OPERATING INCOME 522100 7051983 7051983 105763899 19619585 19619585 1129059 0 1129059 1129059 1129059 6886260 3011 6883249 6883249 6883249 133395792 105763899 0 27631893 55000 3398526 38000116 555715 3927451 2918037 100435 520328 63096 18127 4111045 5042969 3655038 5922738 6179479 1171850 4549532 315796 PLASTIC CARD EXPENSES 8650072 DIVIDENDS PAID TO MEMBE 5802709 LOAN SERVICING 1351021 PROVISION FOR LOAN LOSS 1185717 1280314 98775111 11439027 50322304 466427084 115353237 12125614 8131127 1938935197 2340525709 5064254 6819742 81996298 45223253 33959152 36773045 937233518 826287019 34508473 42980119 3167772 3167772 33662017 45429910 3476522108 3475789984 10035755 20395200 3110371456 3199007399 3120407211 3219402599 X 0 0 0 0 356114897 256387385 356114897 256387385 3476522108 3475789984 34620681 -134348193 0 X X 0 0 0 18127 18127 18127 1 DAVID BAUER 2150 RIVER PLAZA DRIVE 150 SACRAMENTO CA 95833 263457749 3127 0 SAN DIEGO CREDIT UNION'S PAC PO BOX 85833 SAN DIEGO CA 921865833 743032876 10000 0 CCUL 1201 K STREET SUITE 1090 SACRAMENTO CA 95814 940357265 5000 0 PART I-A, LINE 1: CALIFORNIA COAST CREDIT UNION MAKES CONTRIBUTIONS TO SUPPORT POLITICAL ACTION COMMITTEES PROMOTING CREDIT UNION CAUSES. 9319175 9319175 24070524 15799845 8270679 8173911 7807165 366746 40432688 21616243 18816445 36773045 MEMBER DEPOSITS 3147732896 NON-MEMBER DEPOSITS 51274503 3199007399 1 THE LEUKEMIA & LYMPHOMA SOCIETY INC 3890 MURPHY CANYON RD STE 150 SAN DIEGO CA 92123 135644916 501(C)(3) 5000 0 SUPPORT THE EFFORT TO CURE LEUKEMIA, LYMPHOMA, HODGKIN'S DISEASE AND MYELOMA AND IMPROVE THE QUALITY OF LIFE OF PATIENTS AND THEIR FAMILIES CAL COAST CARES FOUNDATION PO BOX 421321 SAN DIEGO CA 92124 475249703 501(C)(3) 50000 0 SUPPORT PHILANTHROPIC EVENTS FOR STUDENTS, TEACHERS, AND COVID-19 SUPPORT FOR SAN DIEGO SMALL BUSINESSES 2 0 PART I, LINE 2: CALIFORNIA COAST CREDIT UNION (CREDIT UNION) MAKES DONATIONS TO WORTHY ORGANIZATIONS WHO PROMOTE AND SUPPORT CREDIT UNION COMMUNITY VALUES. THE CREDIT UNION DOES NOT MONITOR THE FUNDS AFTER THE DONATION IS MADE. X 1 1 X X X 0 1 0 TODD LANE CEO 766284 0 213929 0 13132 0 301695 0 1172 0 1296212 0 0 0 KATHERINE CADY COO 399470 0 87314 0 10955 0 115086 0 21600 0 634425 0 0 0 BARBARA KROL FORMER CHRO 344890 0 67077 0 10020 0 11190 0 10169 0 443346 0 0 0 VASUDEVAN SAMBASIVAM CIO 332051 0 28247 0 9745 0 9338 0 9987 0 389368 0 0 0 MATTHEW FICCO CFO 296816 0 56253 0 5077 0 12282 0 4022 0 374450 0 0 0 MITZI ZARCONE CLO 273555 0 52664 0 9583 0 8135 0 11815 0 355752 0 0 0 MILA PASCUA CARO 265272 0 44425 0 11012 0 8596 0 17854 0 347159 0 0 0 LORI DURAN FORMER SVP, OPERATIONS 242411 0 33777 0 12555 0 9791 0 10580 0 309114 0 0 0 ANTONIA LUNA SVP, OPERATIONS 229855 0 32842 0 9883 0 8534 0 17481 0 298595 0 0 0 GREGORY CORNELL SVP, MARKETING 225671 0 32943 0 1242 0 7543 0 23426 0 290825 0 0 0 RENE MCKEE SVP, COMM & PUB REL 216651 0 30839 0 3226 0 8737 0 9761 0 269214 0 0 0 STEVE VOLLE SVP, REAL ESTATE 216344 0 31509 0 2227 0 6770 0 21942 0 278792 0 0 0 PART I, LINE 1A IN 2022, CALIFORNIA COAST CREDIT UNION PAID FOR COMPANION TRAVEL FOR MEISHA SHERMAN. THIS IS INCLUDED IN THE EMPLOYEE'S/DIRECTOR'S TAXABLE INCOME AS REPORTED ON FORM 990, PART VII. PART I, LINE 4B TODD LANE, CHIEF EXECUTIVE OFFICER, AND KATHERINE CADY, CHIEF OPERATIONS OFFICER, PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. 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. TODD LANE - $286,801 KATHERINE CADY - $101,520 THE AMOUNTS ABOVE REPRESENT THE EMPLOYER CONTRIBUTIONS INTO THE 457F PLAN ON BEHALF OF THE PARTICIPANTS. THESE AMOUNTS ARE INCLUDED IN DEFERRED COMPENSATION ON PART VII AND SCHEDULE J. 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 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, VICE PRESIDENT 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 12 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 REVIEW AND APPROVE 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 2023. 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: THE ORGANIZATION'S 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 ORGANIZATION'S TAX YEAR-END IS DECEMBER 31ST. FORM 990, PART I, LINES 14 & 17: IN 2022, CALIFORNIA COAST CREDIT UNION DETERMINED THAT IT WAS MORE APPROPRIATE TO INCLUDE IN THE PRIOR YEAR COLUMN FOR LINE 17 (OTHER EXPENSES) CERTAIN ITEMS INCLUDED IN PRIOR YEAR FORMS 990, PART IX, IN LINE 4 (BENEFITS PAID TO OR FOR MEMBERS). CONFORMING ADJUSTMENTS HAVE BEEN MADE TO THE CURRENT YEAR AMOUNTS LISTED IN THE CURRENT YEAR COLUMN OF PART I AND PART IX. CALIFORNIA COAST FINANCIAL SERVICES LLC 9201 SPECTRUM CENTER BLVD SAN DIEGO CA 92123 330986534 INVESTMENTS CA 211 1191 CALIFORNIA COAST CREDIT UNION PRIVATE INVESTMENT FUND LLC 9600 NE CASCADES PKWY STE 250 PORTLAND OR 97220 862910679 REAL ESTATE LOANS OR 454925 21542902 CALIFORNIA COAST CREDIT UNION