2019-11-15T14:40:51-06:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2018-01-01 941244186 REDWOOD CREDIT UNION REDW 8004797928 3033 CLEVELAND AVE NO 100 SANTA ROSA CA 95403 RONALD FELDER CHIEF FINANCIAL & RISK OFFICER 8004797928 2019-11-13 1 MARY C GREEN P00447183 6022662248 67.137.57.251 2019-11-13 09:39:08 US P FD94BE241EB30D59D427851B854338419E5FBD2E 6090138281F26C81E44F33703B5A75F6ECDC86D4 2018 2020-03-31 21:24:44Z BRETT MARTINEZ 3033 CLEVELAND AVE NO 100 SANTA ROSA CA 95403 216019196 0 X WWW.REDWOODCU.ORG X 1950 CA PROVIDE FINANCIAL PRODUCTS AND SERVICES TO MEMBERS. 9 9 709 12 235814 0 0 0 164058596 196393563 12855561 19065332 0 83040 176914157 215541935 0 3000000 7700148 13999719 42426015 49044640 0 0 0 59156632 62209870 109282795 128254229 67631362 87287706 4030135754 4454112489 3576316744 3913026061 453819010 541086428 PASSIONATELY SERVING THE BEST INTERESTS OF OUR MEMBERS, EMPLOYEES, AND COMMUNITIES. SERVING ALL OF OUR MEMBERS FINANCIAL SERVICE NEEDS. 0 0 REDWOOD CREDIT UNION IS ENGAGED IN PROVIDING LOW COST FINANCIAL SERVICES TO OUR MEMBER-OWNERS AS A COOPERATIVE ORGANIZATION. 0 0 1 0 0 0 0 0 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 1 0 1 51077 0 709 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 1 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 0 0 CA X MICHAEL GAY CONTROLLER 8004797928 3033 CLEVELAND AVE SUITE 100 SANTA ROSA CA 95403 BOB STEELE CHAIR 1.00 X X 0 0 0 JIM OLMSTED VICE CHAIR 1.00 X X 0 0 0 DEBBIE WATTS TREASURER 1.00 X X 0 0 0 LISA WITTKE SCHAFFNER SECRETARY 1.00 X X 0 0 0 DAVE IMOTO BOARD MEMBER 1.00 X 0 0 0 ROD DOLE BOARD MEMBER 1.00 X 0 0 0 GREG MCGUIRK BOARD MEMBER 1.00 X 0 0 0 BOB WIECK BOARD MEMBER 1.00 X 0 0 0 ROBERT EYLER BOARD MEMBER 1.00 X 0 0 0 BRETT MARTINEZ PRESIDENT/CEO 40.00 X 978098 0 231938 RONALD FELDER CHIEF FINANCIAL & RISK OFFICER 40.00 X 658908 0 103283 ROBIN MCKENZIE LEFT 818 SVP MARKETING & COMMUNICATIONS 40.00 X 488466 0 36404 ANTHONY E HILDESHEIM SVP CIO 40.00 X 385259 0 150566 CYNTHIA NEGRI COO 40.00 X 544621 0 157817 KRISTINA DERKOS SVP PEOPLE 40.00 X 499209 0 108246 DAVID UPHAM SVP MEMBER EXPERIENCE 40.00 X 245315 0 22241 MISHEL KAUFMAN SVP RISK MANAGEMENT 40.00 X 398804 0 76288 TODD N LINDEMANN SVP PAYMENTS 40.00 X 258826 0 62471 THOMAS HUBERT AUTO, INS & WEALTH SERVICES 40.00 X 345538 0 84948 ALISA HEATH SVP/ACCOUNTING & FINANCE 40.00 X 323438 0 48847 DIANNA BERTHINIER SVP LENDING 40.00 X 333897 0 74456 MATTHEW MARTIN SVP/COMM AND GOV'T REL 40.00 X 229208 0 21149 SUZANNE KNOWLTON SVP/MARKETING & COMMUNICATIONS 40.00 X 221022 0 19938 KIMBERLY WILLIAMS SVP/STRATEGY, PROJECTS, CRE 40.00 X 237016 0 16558 MICHAEL DEFAZIO FINANCIAL ADVISOR 40.00 X 534630 0 7867 CHRISTINE FOSTER WEALTH ADVISOR 40.00 X 299140 0 11142 JULIE NIX FINANCIAL ADVISOR 40.00 X 406129 0 19788 JOHN YBARRA EXTERNAL MORTGAGE LOAN OFF 40.00 X 369806 0 19305 CLARK R MATTHIESSEN FINANCIAL ADVISOR 40.00 X 305681 0 12435 8063011 0 1285687 105 0 1 0 WESTERN BUILDERS 1400 N DUTTON AVE SUITE 7 SANTA ROSA CA 95401 GENERAL CONTRACTORS 2905433 INFOLMAGE INC 141 JEFFERSON DR MENLO PARK CA 94025 STATEMENTS PROVIDER 2292235 QUEST PO BOX 910 ROSEVILLE CA 95678 IT EQUIPMENT AND SUPPORT 1451464 FTSI PO BOX 919 MONROVIA CA 91017 ATM EQUIPMENT & MAINTENANCE 1391323 PSCU 560 CARILLON PKWY ST PETERSBURG FL 33716 CREDIT CARD PROCESSOR 1301160 86 INTEREST ON LOANS TO MEMBERS 522100 139416071 139416071 INTERCHANGE INCOME 522100 25634551 25634551 SERVICE CHARGES AND FEES 522100 18309112 18309112 OTHER NON-INTEREST INCOME 522100 4845408 4674225 171183 COMMISSION INCOME FROM INVESTMENT 522100 4152040 4152040 4036381 4036381 196393563 18849052 24131 18824921 83040 0 83040 83040 40500 42540 499803 193738 420740 56521 79063 137217 216280 216280 215541935 196222380 235814 19083741 3000000 13999719 7362773 33411566 2343789 2763976 3162536 395948 269146 24900 8948118 4840456 5993824 4507875 1723850 838308 4766224 LOAN SERVICING 14894427 CREDIT FOR LOAN LOSSES 9483417 LOSSES AND FRAUD 3115974 MISCELLANEOUS EXPENSES 1210431 1196972 128254229 896128064 780584601 16064792 14221179 2948681490 3476997171 88000604 34505127 49325777 53495477 529880 451201 20176327 20000758 193996 86185 99035428 108275917 4030135754 4454112489 23087608 31417158 3553229136 3881608903 3576316744 3913026061 X 0 0 0 0 453819010 541086428 453819010 541086428 4030135754 4454112489 87287706 -20288 0 X 0 1 X 1 0 24900 24900 24900 1 BILL DODD FOR SENATE 2020 1127 11TH ST STE 606 SACRAMENTO CA 95814 814405702 1000 CALIFORNIA CREDIT UNION LEAGUE PAC 1201 K ST SUITE 1050 SACRAMENTO CA 95814 942329967 17000 MIKE MCGUIRE FOR STATE SENATE 2018 369B THIRD STREET SUITE 652 SAN RAFAEL CA 94901 463842849 6900 PART I-A, LINE 1: CONTRIBUTIONS TO POLITICAL ORGANIZATIONS 13568999 13568999 34390060 9291642 25098418 9252004 5288212 3963792 27665050 19925273 7739777 3124491 3124491 53495477 MEMBERS' SHARE AND SAVINGS ACCOUNTS 3881608903 3881608903 X PART X, LINE 2: THE CREDIT UNION EVALUATED THEIR TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2018 AND 2017. 1 REDWOOD CREDIT UNION COMMUNITY FUND INC 3033 CLEVELAND AVENUE SANTA ROSA CA 95403 475084832 501(C)(3) 3000000 UNRESTRICTED 1 0 PART I, LINE 2: NO FORMAL MONITORING PROCEDURES ARE IMPLEMENTED. X 1 1 X X X X X 0 1 0 BRETT MARTINEZ PRESIDENT/CEO 649771 0 324886 0 3441 0 210103 0 21835 0 1210036 0 0 0 RONALD FELDER CHIEF FINANCIAL & RISK OFFICER 420472 0 67066 0 171370 0 96365 0 6918 0 762191 0 171370 0 ROBIN MCKENZIE LEFT 818 SVP MARKETING & COMMUNICATIONS 259979 0 40925 0 187562 0 27422 0 8982 0 524870 0 187562 0 ANTHONY E HILDESHEIM SVP CIO 333715 0 50823 0 721 0 145462 0 5104 0 535825 0 0 0 CYNTHIA NEGRI COO 466149 0 76120 0 2352 0 145049 0 12768 0 702438 0 0 0 KRISTINA DERKOS SVP PEOPLE 294112 0 41315 0 163782 0 91873 0 16373 0 607455 0 163782 0 DAVID UPHAM SVP MEMBER EXPERIENCE 245315 0 0 0 0 0 15408 0 6833 0 267556 0 0 0 MISHEL KAUFMAN SVP RISK MANAGEMENT 268466 0 35735 0 94603 0 63495 0 12793 0 475092 0 94603 0 TODD N LINDEMANN SVP PAYMENTS 229466 0 29360 0 0 0 52905 0 9566 0 321297 0 0 0 THOMAS HUBERT AUTO, INS & WEALTH SERVICES 305344 0 40194 0 0 0 68575 0 16373 0 430486 0 0 0 ALISA HEATH SVP/ACCOUNTING & FINANCE 289266 0 34172 0 0 0 36469 0 12378 0 372285 0 0 0 DIANNA BERTHINIER SVP LENDING 295339 0 38558 0 0 0 64890 0 9566 0 408353 0 0 0 MATTHEW MARTIN SVP/COMM AND GOV'T REL 213034 0 16174 0 0 0 7758 0 13391 0 250357 0 0 0 SUZANNE KNOWLTON SVP/MARKETING & COMMUNICATIONS 207646 0 13376 0 0 0 6553 0 13385 0 240960 0 0 0 KIMBERLY WILLIAMS SVP/STRATEGY, PROJECTS, CRE 224203 0 11013 0 1800 0 16069 0 489 0 253574 0 0 0 MICHAEL DEFAZIO FINANCIAL ADVISOR 49920 0 476448 0 8262 0 7698 0 169 0 542497 0 0 0 CHRISTINE FOSTER WEALTH ADVISOR 49920 0 249220 0 0 0 4620 0 6522 0 310282 0 0 0 JULIE NIX FINANCIAL ADVISOR 49920 0 356209 0 0 0 14815 0 4973 0 425917 0 0 0 JOHN YBARRA EXTERNAL MORTGAGE LOAN OFF 40019 0 329787 0 0 0 10149 0 9156 0 389111 0 0 0 CLARK R MATTHIESSEN FINANCIAL ADVISOR 49920 0 251145 0 4616 0 5904 0 6531 0 318116 0 0 0 PART I, LINE 4B ALISA HEATH - $27,939 CONTRIBUTION TO 457(F) BRETT MARTINEZ - $201,853 CONTRIBUTION TO 457(F) ANTHONY HILDESHEIM - $140,817 CONTRIBUTION TO 457(F) CYNTHIA NEGRI - $138,512 CONTRIBUTION TO 457(F) DIANNA BERTHINIER - $57,612 CONTRIBUTION TO 457(F) KRISTINA DERKOS - $87,478 CONTRIBUTION TO 457(F) MISHEL KAUFMAN - $59,694 CONTRIBUTION TO 457(F) ROBIN MCKENZIE - $23,052 CONTRIBUTION TO 457(F) RONALD FELDER - $84,681 CONTRIBUTION TO 457(F) THOMAS HUBERT - $59,340 CONTRIBUTION TO 457(F) TODD LINDEMANN - $43,077 CONTRIBUTION TO 457(F) DAVID UPHAM - $11,032 CONTRIBUTION TO 457(F) KIMBERLY WILLIAMS - $10,083 CONTRIBUTION TO 457(F) JULIE NIX - $4,901 CONTRIBUTION TO 457(F) CLARK MATTHIESSEN - $2,029 CONTRIBUTION TO 457(F) RONALD FELDER - $171,370 DISTRIBUTION FROM 457(F) ROBIN MCKENZIE - $187,562 DISTRIBUTION FROM 457(F) KRISTINA DERKOS - $163,782 DISTRIBUTION FROM 457(F) MISHEL KAUFMAN - $94,603 DISTRIBUTION FROM 457(F) PART I, LINE 4B SPLIT DOLLAR LIFE INSURANCE POLICY: THE CREDIT UNION HAS GRANTED NOTES RECEIVABLE FOR LIFE INSURANCE PREMIUM PAYMENTS TO SELECT SENIOR MANAGEMENT PERSONNEL. THE NOTES ARE COLLATERALIZED BY THE ASSIGNMENT OF THE POLICY DEATH BENEFITS AND CASH VALUES, OF EACH RESPECTIVE LIFE INSURANCE POLICY. THE POLICIES ARE OWNED BY THE EXECUTIVE(S) WHO HAVE SOLE CONTROL OVER THE LISTED BENEFICIARIES FOR AMOUNTS NOT SECURED BY THE ASSIGNMENTS. AT THE TIME OF RETIREMENT, THE NOTE BECOMES DUE AND PAYABLE AND CAN BE PAID WITH THE CASH VALUE OF THE LIFE INSURANCE POLICIES, OR WITH OTHER PERSONAL FUNDS AT THE EXECUTIVE'S DISCRETION. THE LOANS ARE CONSIDERED NON-RECOURSE AND AS SUCH, THE CREDIT UNION HAS RECORDED THE BALANCE AS THE LOWER OF THE OUTSTANDING LOAN BALANCE, PLUS ACCRUED INTEREST, OR THE CASH SURRENDER VALUE OF THE LIFE INSURANCE POLICIES. BRETT MARTINEZ PRESIDENT/ CEO TO FUND SPLIT DOLLAR PLAN INSURANCE POLICY X 15706866 14221179 0 1 1 14221179 FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE UPDATED AS FOLLOWS: ARTICLE 3 - MEMBERSHIP, SECTION 4(B) ADMISSION TO MEMBERSHIP: REMOVED THE REQUIREMENT TO PROVIDE THE BOARD A QUARTERLY MEMBERSHIP REPORT. SUCH REPORT IS NO LONGER REQUIRED BY LAW. ARTICLE 6 - BOARD OF DIRECTORS, SECTION 5 MEETINGS: REVISED THE BOARD MEETING FREQUENCY TO REMOVE A STRICT MONTHLY REQUIREMENT, AND INSTEAD REQUIRE BOARD MEETINGS AT LEAST QUARTERLY. ARTICLE 8 - SUPERVISORY COMMITTEE, SECTION 9 AUDIT COMMITTEE: THIS SECTION IS ADDED TO PERMIT THE BOARD TO, BY RESOLUTION THAT MUST BE AFFIRMED BY THE MEMBERSHIP, APPOINT AN AUDIT COMMITTEE IN LIEU OF A SUPERVISORY COMMITTEE. ARTICLE 9 - CREDIT MANAGER, SECTION 4(C) - TERMS FOR APPROVING OBLIGATIONS WITH CREDIT UNION MEMBERS: REVISED SECTION TO REMOVE THE PROVISION PERMITTING LOANS TO NON-NATURAL PERSONS IN EXCESS OF THEIR DEPOSITS. ARTICLE 9 - CREDIT MANAGER, SECTION 9 LOANS TO NON-NATURAL MEMBERS: DELETED SECTION PERMITTING LOANS TO NON-NATURAL PERSONS IN EXCESS OF THEIR DEPOSITS. ARTICLE 11 - DEPOSIT AND INVESTMENT OF FUNDS, SECTION 4 APPLICATION: DELETED SECTION SPECIFICALLY REQUIRING THE CREDIT UNION TO OBTAIN A WRITTEN LOAN APPLICATION. ARTICLE 3 - MEMBERSHIP, SECTION 1 QUALIFICATIONS: REVISED SECTION TO DELETE REFERENCES TO ENTITIES PREVIOUSLY ACQUIRED THROUGH MERGERS OR APPROVED BY THE DBO. WE MAINTAIN OUR DOCUMENTATION OF THESE FIELDS OF MEMBERSHIP THROUGH OPERATIONAL PROCESSES. ARTICLE 3 - MEMBERSHIP, SECTION 6 WITHDRAWAL: REVISED SECTION TO CLARIFY WHAT ACTIONS ARE REQUIRED FOR A MEMBER TO BE CONSIDERED TO HAVE WITHDRAWN FROM MEMBERSHIP. ARTICLE 3 - MEMBERSHIP, SECTION 7 EXPULSION: REVISED SECTION TO REMOVE INACTIVITY (I.E. MAINTAINING NO PRODUCTS OR SERVICES) AS A CAUSE FOR EXPULSION. ARTICLE 3 - MEMBERSHIP, SECTION 8 PROCEDURE FOR EXPULSION OF A MEMBER: REVISED EXPULSION RULES TO SIMPLIFY THE PROCESS AND ELIMINATE UNNECESSARY PROCESSES THAT HAVE BEEN A BARRIER IN THE PAST TO RCU IMPLEMENTING AN EXPULSION PROCESS FOR MEMBERS VIOLATE THEIR AGREEMENTS WITH THE CREDIT UNION. CHANGES INCLUDE: - MEMBER'S RIGHT TO BE HEARD HAD BEEN REVISED TO A WRITTEN STATEMENT TO THE BOARD, RATHER THAN A RIGHT TO APPEAR IN PERSON; - THE EXPULSION NOTICE NO LONGER REQUIRES LISTING THE SPECIFIC TIME AND LOCATION OF THE BOARD MEETING IN WHICH EXPULSION WILL BE CONSIDERED; AND - THE EXPULSION NOTICE WILL NO LONGER SPECIFICALLY INFORM MEMBERS OF THEIR ABILITY TO APPEAL EXPULSION TO A VOTE OF THE MEMBERSHIP. MEMBERS STILL HAVE SUCH A RIGHT, BUT IT WOULD NOT BE REQUIRED TO BE LISTED IN THE NOTICE. ARTICLE 4 - MEETING OF MEMBERS, SECTION 10 ORDER OF BUSINESS: REVISED SECTION TO ADDRESS MANNER OF CONDUCTING MEETINGS. ARTICLE 4 - MEETING OF MEMBERS, SECTION 11 ROBERT'S RULES OF ORDER: SECTION DELETED AND COMBINED WITH SECTION 10 ABOVE. ARTICLE 15 - GENERAL, SECTION 5 RECORDS: REVISED SECTION TO CLARIFY THAT THE CREDIT UNIONS VARIOUS ORGANIZATION PAPERS CAN BE MAINTAINED WITH OFFICIAL CORPORATE RECORDS RATHER THAN SPECIFICALLY IN A "MINUTE BOOK". ARTICLE 15 - GENERAL, SECTION 6 RECORDS OPEN TO INSPECTION: REMOVED THE REQUIREMENT TO REQUIRE ACCESS TO MEMBER NAMES AND ADDRESSES FOR CANDIDATES IN A CONTESTED ELECTION, AND INSTEAD GRANTING MEMBERS ANY RIGHTS GIVEN UNDER CALIFORNIA LAW. 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 INDIVIDUALS (AND THEIR BUSINESSES) THAT RESIDE IN OR ARE EMPLOYED IN SONOMA COUNTY AND SURROUNDING COUNTIES IN NORTHERN CALIFORNIA. FORM 990, PART VI, SECTION A, LINE 7A ORGANIZATION IS A CREDIT UNION AND THE MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE COMPLETED AND REVIEWED BY THE CONTROLLER, SVP ADMINISTRATIVE SERVICES, CFO, AND PRESIDENT/CEO BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C VOLUNTEERS MUST DISCLOSE TO THE BOARD OF DIRECTORS ANNUALLY ANY INVOLVEMENT WITH ORGANIZATIONS WHICH DO BUSINESS WITH THE CREDIT UNION. CREDIT UNION SENIOR MANAGEMENT SIGNS A DISCLOSURE ANNUALLY PER POLICY. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE CEO IS APPROVED BY THE BOARD OF DIRECTORS AFTER THE COMPENSATION COMMITTEE GATHERS DATA FROM OUTSIDE SOURCES AND REVIEWS SURVEY AND OTHER DATA. FOR OTHER OFFICERS AND KEY EMPLOYEES, THIRD PARTY DATA IS USED TO ADJUST THE COMPENSATION TO MARKET DATA. ALL OF THE JOBS ARE GRADED, AND IN EACH GRADE, THERE IS A FLOOR, CEILING AND MARKET. FORM 990, PART VI, SECTION C, LINE 19 QUARTERLY INCOME STATEMENTS ARE POSTED AT EACH BRANCH. ANNUAL FINANCIALS AND ANNUAL REPORT ARE AVAILABLE ON THE COMPANY'S WEBSITE. REDWOOD CREDIT UNION COMMUNITY FUND INC 3033 CLEVELAND AVENUE SANTA ROSA CA 95403 475084832 ADVANCING WELL-BEING OF THE COMMUNITY CA 501(C)(3) 7 REDWOOD CREDIT UNION 1 RCU SERVICES GROUP INC 3303 CLEVELAND AVE SUITE 100 SANTA ROSA CA 95404 680465274 INSURANCE AND AUTO SERVICES CA REDWOOD CREDIT UNION C 4327212 5666148 1.00000 1 1 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 RCU SERVICES GROUP INC A 64631 CASH RCU COMMUNITY FUND INC B 3000000 CASH RCU SERVICES GROUP INC D 814000 12/31/18 LOAN BALANCE RCU SERVICES GROUP INC L 294526 CASH RCU SERVICES GROUP INC P 76066 CASH RCU SERVICES GROUP INC Q 3337105 CASH RCU COMMUNITY FUND INC Q 147054 CASH