2022-11-03T08:59:56-05:00 2021-12-31 042689883 WOLF & COMPANY PC 255 STATE STREET BOSTON MA 02109 990 2021-01-01 940755684 PATELCO CREDIT UNION PATE 8003588228 3 PARK PLACE DUBLIN CA 94568 MICHAEL MATHENY CONTROLLER 8003588228 2022-11-02 1 MICHAEL MATHENY 000006857 HARRY A KALAJIAN JR CPA P00464296 6174399700 2022-11-03 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z ERIN M MENDEZ 3 PARK PLACE DUBLIN CA 94568 14731043868 0 1526 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 10 10 996 10 168927 0 0 0 235000787 220931354 35452130 32394003 7992863 22876759 278445780 276202116 295237 299085 0 0 86140920 85980920 0 0 0 161145411 133730219 247581568 220010224 30864212 56191892 8433823239 9047982000 7631272239 8206214000 802551000 841768000 X 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. 0 0 PATELCO CREDIT UNION IS A STATE-CHARTERED CREDIT UNION THAT IS 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 2021, THE CREDIT UNION PROVIDED MEMBERS WITH 4,998 NEW REAL ESTATE LOANS TOTALING $1,689,844,108, AND 49,778 NEW CONSUMER LOANS TOTALING $931,766,020. AS OF DEC 31, 2021, THERE WERE 959,279 DEPOSIT ACCOUNTS TOTALING $7,898,508,242." 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 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 224241 0 1 996 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 1 1 1 1 1 1 1 1 0 CA X X MICHAEL MATHENY 9254604613 3 PARK PLACE DUBLIN CA 94568 JESSE RIVERA SECRETARY 5.00 X X 0 0 0 VICKIE RATH TREASURER 5.00 X X 0 0 0 PETER HANLET CHAIRMAN 5.00 X X 0 0 0 DEBBIE CHAW 2ND VICE CHAIR 5.00 X X 0 0 0 ERIN MENDEZ PRESIDENT/CEO/DIRECTOR 40.00 X X 985414 0 41454 GARICK ZILLGITT 1ST VICE CHAIR 5.00 X X 0 0 0 JEFFREY PARKS DIRECTOR 5.00 X 0 0 0 COLLEEN CABEY DIRECTOR 5.00 X 0 0 0 ROBERT A MCCORMISH DIRECTOR 5.00 X 0 0 0 TRACEY SCOTT DIRECTOR 5.00 X 0 0 0 RACE CHEN DIRECTOR 5.00 X 0 0 0 SUSAN GRUBER EVP, CFO 40.00 X 405200 0 49140 KALYAN MAJMUNDAR CTO 40.00 X 397660 0 42313 MITSUHO R WADA CLO 40.00 X 370262 0 40840 MELISSA MORGAN CHIEF RETAIL OFFICER 40.00 X 375289 0 33581 SUSAN MAKRIS CAO 40.00 X 335230 0 33644 KEVIN LANDEL SVP, INNOVATION 40.00 X 317666 0 45823 ANGELA L JEFFERS SVP, GENERAL COUNCIL 40.00 X 362155 0 30966 VINCENT B SALINAS VP REAL ESTATE LENDING 40.00 X 280498 0 21424 SUSAN CCOLEMAN VP INTERNAL AUDIT 40.00 X 202036 0 26581 ERIK L WELCH VP RETAIL OPERATIONS 40.00 X 251394 0 24377 RINA JOHNSON VP MARKETING 40.00 X 246999 0 32189 JOSHUA L GARRISON VP, CONSUMER LENDING 40.00 X 210255 0 34117 AMEET SETH VP BRANCHES 40.00 X 266719 0 45179 LEILANI V APOLONIO VP PAYMENT OPERATIONS 40.00 X 226894 0 27317 STEPHANIE SHAH DIR. ENTERPRISE BUSINESS SERVICES 40.00 X 191125 0 39999 EMMANUEL PABLO LOAN SALES 40.00 X 709317 0 41454 ARLENE J PIAZZA LOAN SALES 40.00 X 486949 0 32710 KEVIN HAYDEN INVESTMENT SALES 40.00 X 489686 0 51565 YIP CHANNING E LOAN SALES 40.00 X 1020131 0 24719 MICHELLE M VAUTOUR LOAN SALES 40.00 X 461739 0 36105 CHRISTOPHER ALLEN CHIEF RISK OFFICER 40.00 X 129000 0 0 8721618 0 755497 237 1 1 0 CHARLES PANKOW BUILDERS LTD 199 S LOS ROBLES AVE PASADENA CA 91101 GENERAL CONTRACTOR 3568350 MORTGAGE CADENCE LLC 28662 NETWORK PLACE CHICAGO IL 606731286 MORTGAGE SERVICES 1057289 MOSS ADAMS LLP 265 E RIVER PARK CIRCLE SUITE 110 FRESNO CA 93720 ACCOUNTING SERVICES 415312 AVTEX SOLUTIONS 3500 AMERICAN BLVD W SUITE 300 MINNEAPOLIS MN 55431 IT SOLUTIONS 288665 PLANTE & MORAN PLLC 550 N BRAN1445 MARKET STREET SUITE DENVER CO 80525 ACCOUNTING SERVICES 269396 17 INTEREST ON LOANS TO MEMBERS 522100 192961444 192961444 INTERCHANGE FEE INCOME 522100 13966731 13966731 SERVICE CHARGES 522100 13383724 13383724 ATM FEES 524298 619455 450528 168927 220931354 16389738 16389738 2667590 0 2667590 2667590 2667590 14456173083 14672934 14454841752 0 1331331 14672934 16004265 16004265 MISC INCOME 900099 12562141 12562141 INVESTMENT ADVISORY INCOME 522100 6319614 6319614 CREDIT INSURANCE REVENUE 522100 1327414 1327414 20209169 276202116 243639186 168927 32394003 299085 5424796 62342826 3383568 9843762 4985968 1760036 243571 1065566 4158872 5183223 4761391 11408746 17251187 588335 62947805 3807014 998874 LOAN SERVICING EXPENSES 6263844 ATM & OTHER PROCESSING 3400968 ATM/CREDIT CARDS 2214429 EQUIPMENT/MAINTENANCE 2092375 5583983 220010224 33008292 24606325 1155531546 783460006 16203703 17434340 5437910761 5780335065 22498645 27084608 133971651 29690560 106306755 104281091 1029613108 1848477310 23583405 70974538 24410546 24410546 584756478 366918171 8433823239 9047982000 77387515 72706117 13658411 14588758 7540226313 8118919125 7631272239 8206214000 X 0 0 0 0 802551000 841768000 802551000 841768000 8433823239 9047982000 X 56191892 -23066535 6091643 X X 0 1 X 1 0 CCUL PAC VOLUNTARY CONTRIBUTION PO BOX 51476 SACRAMENTO CA 95814 4900 NEWSOM FOR CALIFORNIA GOV 2022 1787 TRIBUTE ROAD SUITE K SACRAMENTO CA 95815 832476129 2500 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. 0 1 X 11064734 11064734 85798886 6190610 79608276 16850937 10685272 6165665 20257094 12814678 7442416 104281091 REGULAR SHARES 1401509529 SHARE DRAFTS 1531558127 MONEY MARKET ACCOUNTS 3312220676 SHARE CERTIFICATES 1638630793 FHLB ADVANCE 235000000 8118919125 X PART IV, LINE 2B: 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. PART X, LINE 2: THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DESCRIBED IN INTERNAL REVENUE CODE ("IRC") 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, IRC 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. FASB ASC 740-10-65, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED, AND PRESENTED IN THE CONSOLIDATED 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, 2021 AND 2020, 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 EXAMINATION BY U.S. FEDERAL AND STATE TAX AUTHORITIES FOR TAX YEARS BEFORE 2015. 0 ALAMEDA COUNTY COMMUNITY FOOD BANK 7900 EDGEWATER DRIVE OAKLAND CA 94621 942960297 501(C)(3) 20000 0 CHARITABLE DONATIONS CHILDREN'S MIRACLE NETWORK HOSPITALS 205 W 700 S SALT LAKE CITY UT 841012715 870387205 501(C)(3) 40500 0 CHARITABLE DONATIONS FOOD BANK OF CONTRA COSTA & SOLANO 4010 NELSON AVENUE CONCORD CA 94520 942418054 501(C)(3) 20000 0 CHARITABLE DONATIONS HABITAT FOR HUMANITY EAST BAY 2619 BROADWAY OAKLAND CA 94612 943053687 501(C)(3) 60000 0 CHARITABLE DONATIONS MERCED COUNTY FOOD BANK 2000 W OLIVE AVE MERCED CA 953481207 800093563 501(C)(3) 10000 0 CHARITABLE DONATIONS NATIONAL CU FOUNDATION 5710 MINERAL POINT RD MADISON WI 537054454 391383650 501(C)(3) 25000 0 CHARITABLE DONATIONS REDWOOD EMPIRE FOOD BANK 3990 BRICKWAY BOULEVARD SANTA ROSA CA 95403 680121855 501(C)(3) 10000 0 CHARITABLE DONATIONS SACRAMENTO FOOD BANK & FAMILY SERVICES 3333 THIRD AVENUE SACRAMENTO CA 95817 943315566 501(C)(3) 20000 0 CHARITABLE DONATIONS SAN FRANCISCO FOOD BANK 900 PENNSYLVANIA AVENUE SAN FRANCISCO CA 94107 943041517 501(C)(3) 20000 0 CHARITABLE DONATIONS SECOND HARVEST OF SILICON VALLEY 750 CURTNER AVENUE SAN JOSE CA 95125 942614101 501(C)(3) 20000 0 CHARITABLE DONATIONS WORLDWIDE FOUNDATION FOR CREDIT UNIONS 5710 MINERAL POINT RD MADISON WI 53705 396093210 501(C)(3) 20000 0 CHARITABLE DONATIONS YOLO FOOD BANK 233 HARTER AVE WOODLAND CA 957765917 237111782 501(C)(3) 10000 0 CHARITABLE DONATIONS 12 0 X 1 1 X X X 1 0 0 YIP CHANNING E LOAN SALES 41480 0 978527 0 124 0 22950 0 1769 0 1044850 0 0 0 ERIN MENDEZ PRESIDENT/CEO/DIRECTOR 810816 0 159000 0 15598 0 23200 0 18254 0 1026868 0 0 0 EMMANUEL PABLO LOAN SALES 36574 0 671765 0 978 0 23200 0 18254 0 750771 0 0 0 KEVIN HAYDEN INVESTMENT SALES 30954 0 458399 0 333 0 22950 0 28615 0 541251 0 0 0 ARLENE J PIAZZA LOAN SALES 43909 0 442544 0 496 0 21719 0 10991 0 519659 0 0 0 MICHELLE M VAUTOUR LOAN SALES 41452 0 420237 0 50 0 18465 0 17640 0 497844 0 0 0 SUSAN GRUBER EVP, CFO 348912 0 51981 0 4307 0 23200 0 25940 0 454340 0 0 0 KALYAN MAJMUNDAR CTO 337749 0 55893 0 4018 0 23200 0 19113 0 439973 0 0 0 MITSUHO R WADA CLO 364234 0 1845 0 4183 0 23200 0 17640 0 411102 0 0 0 MELISSA MORGAN CHIEF RETAIL OFFICER 326412 0 43259 0 5618 0 23200 0 10381 0 408870 0 0 0 ANGELA L JEFFERS SVP, GENERAL COUNCIL 322990 0 36687 0 2478 0 23200 0 7766 0 393121 0 0 0 SUSAN MAKRIS CAO 291772 0 38410 0 5048 0 23200 0 10444 0 368874 0 0 0 KEVIN LANDEL SVP, INNOVATION 277073 0 37066 0 3527 0 23012 0 22811 0 363489 0 0 0 AMEET SETH VP BRANCHES 232388 0 29065 0 5266 0 19430 0 25749 0 311898 0 0 0 VINCENT B SALINAS VP REAL ESTATE LENDING 249645 0 29450 0 1403 0 19160 0 2264 0 301922 0 0 0 RINA JOHNSON VP MARKETING 220414 0 25687 0 898 0 15319 0 16870 0 279188 0 0 0 ERIK L WELCH VP RETAIL OPERATIONS 219057 0 26946 0 5391 0 17618 0 6759 0 275771 0 0 0 LEILANI V APOLONIO VP PAYMENT OPERATIONS 195941 0 24179 0 6774 0 15524 0 11793 0 254211 0 0 0 JOSHUA L GARRISON VP, CONSUMER LENDING 182016 0 27698 0 541 0 15004 0 19113 0 244372 0 0 0 STEPHANIE SHAH DIR. ENTERPRISE BUSINESS SERVICES 167632 0 21771 0 1722 0 14250 0 25749 0 231124 0 0 0 SUSAN CCOLEMAN VP INTERNAL AUDIT 177640 0 23966 0 430 0 14576 0 12005 0 228617 0 0 0 CHRISTOPHER ALLEN CHIEF RISK OFFICER 0 0 0 0 129000 0 0 0 0 0 129000 0 0 0 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. PART I, LINE 4A CHRISTOPHER ALLEN - $129,000 FORM 990, PART IV, LINE 26 - LOANS TO AND /OR FROM INTERESTED 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. FORM 990, PART VI, SECTION A, 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 THAT 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 GROUP OF CITIES IN NORTHERN CALIFORNIA. THE FIELD OF MEMBERSHIP IS DEFINED BY THE CREDIT UNION BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERS ELECT BOARD OF DIRECTORS WITH VARIED TERMS AT AN ANNUAL MEETING HELD EACH YEAR. FORM 990, PART VI, SECTION A, LINE 7B THE CREDIT UNION MEMBERS ELECT BOARD OF DIRECTORS WITH VARIED TERMS AT AN ANNUAL MEETING HELD EACH YEAR. FORM 990, PART VI, SECTION B, LINE 11B 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. FORM 990, PART VI, SECTION B, LINE 12C 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. FORM 990, PART VI, SECTION B, LINE 15 ALL MANAGEMENT POSITIONS HAVE COMPENSATION SET BY THE POLICIES AND GUIDELINES APPROVED BY BOARD OF DIRECTORS OR CEO. FORM 990, PART VI, SECTION C, LINE 19 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 REQUEST IN WRITING. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME 6,091,643. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS OF PATELCO CREDIT UNION DURING THE TAX YEAR 2021. PATELCO INSURANCE SERVICES INC 5050 HOPYARD RD PLEASANTON CA 94568 943068709 INS & INVESTMENTS CA PATELCO CREDIT UNION C 450050 1770710 1.00000 1 MEMBERS ADVANTAGE PLUS 5050 HOPYARD RD PLEASANTON CA 94568 943233988 AUTO BUYING SERVICES CA PATELCO CREDIT UNION C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 PATELCO INSURANCE SERVICES O 53760 FMV PATELCO INSURANCE SERVICES Q 145189 FMV PATELCO INSURANCE SERVICES M 450050 FMV MEMBERS ADVANTAGE PLUS Q 800 FMV