2018-08-15T12:14:00-05:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2017-01-01 951185803 CALIFORNIA COAST CREDIT UNION CALI 8586364251 PO BOX 502080 SAN DIEGO CA 92150 KENNETH HORTON VP ACCOUNTING & FINANCE 8586364251 2018-08-09 1 MARY C GREEN P00447183 6022662248 2017 2022-09-23 18:48:47Z TODD LANE PO BOX 502080 SAN DIEGO CA 92150 94690135 0 X WWW.CALCOASTCU.ORG X CREDIT UNION 1929 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 630 17 0 0 0 0 76939847 84610263 5389100 5757307 3804972 4218057 86133919 94585627 155327 182350 3430655 4809197 34207488 35936651 0 0 0 30059068 31809054 67852538 72737252 18281381 21848375 2198962812 2393373617 1945552207 2119242486 253410605 274131131 SEE SCHEDULE O. 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 1 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 40505 0 630 1 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 0 0 CA X KENNETH HORTON 8774951600 9201 SPECTRUM CENTER BLVD SAN DIEGO CA 95123 GARY ATKINSON CHAIR 4.00 X X 0 0 0 FRED MEHLICK VICE CHAIR 4.00 X X 0 0 0 STEVE MCMAHON SECRETARY 4.00 X X 0 0 0 BRUCE HUSSON DIRECTOR 2.00 X 0 0 0 RICHARD J KNOTT DIRECTOR 2.00 X 0 0 0 DRBARBARA K BROOKS DIRECTOR 2.00 X 0 0 0 ROBERT T ALTMAN DIRECTOR 2.00 X 0 0 0 FRED WALTERS DIRECTOR 2.00 X 0 0 0 JAY SHEPARD DIRECTOR 2.00 X 0 0 0 TODD LANE CEO 40.00 X 622253 0 37308 CHRISTINA LETHLEAN CFO 40.00 X 325325 0 26011 KATHERINE CADY COO 40.00 X 383400 0 29421 ROBERT G DISOTELL CLO 40.00 X 288502 0 25129 ANGELA MORAN CIO (STARTED 5/17) 40.00 X 151376 0 11021 LORI J DURAN SVP, BRANCH NETWORK DEV SOUTH 40.00 X 234369 0 17079 MITZI G ZARCONE SVP, LENDING 40.00 X 229259 0 15646 KENNETH HORTON VP, ACCOUNTING & FINANCE 40.00 X 216450 0 28511 SUSAN A WHITELEY VP, INFORMATION TECHNOLOGY 40.00 X 213471 0 23381 DARLEEN WILKINS SVP, BRANCH NETWORK DEV NORTH 40.00 X 208083 0 20419 2872488 0 233926 38 0 1 0 THE MEMBERS GROUP PO BOX 10409 DES MOINES IA 10409 PLASTIC CARD SERVICES 3250234 CU COOPERATIVE SYSTEM INC 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 PLASTIC CARD NETWORK CONNECTION SERVICE 1499977 SHI INTERNATIONAL CORP PO BOX 952121 DALLAS TX 75395 SOFTWARE SERVICES 1126549 MILNER BUTCHER MEDIA GROUP LLC 11150 W OLYMPIC BLVD S - 815 LOS ANGELES CA 90064 MARKETING 1043040 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 CORE SYSTEM SUPPORT 843683 51 INTEREST ON LOANS 522100 61806403 61806403 INTERCHANGE INCOME 522100 11935232 11935232 FEES & CHARGES 522100 10868628 10868628 84610263 5754807 5754807 1515622 104508 1411114 1411114 1411114 2500 0 2500 2500 2500 COMMISSION INCOME 522100 1770531 1770531 MISC INCOME 522100 1036412 1036412 2806943 94585627 87417206 0 7168421 182350 4809197 1899746 28308790 1136842 2274602 2316671 243487 47250 2447910 4301530 2890084 3303006 4926491 363632 244957 2 2915674 454362 PLASTIC CARD EXPENSES 5790603 ALLOWANCE FOR LOAN LOSS 1728551 LOAN SERVICING EXPENSE 1101926 FRAUD AND OTHER LOSSES 693503 356086 72737252 9676953 7045408 105044293 150635989 5906597 5504625 1649557762 1878400098 3720961 3459024 67220078 40022117 27767562 27197961 354080225 276739441 14576947 12898468 3167772 3167772 25463740 28324831 2198962812 2393373617 10720877 16524983 1934831330 2102717503 1945552207 2119242486 X 0 0 0 0 253410605 274131131 253410605 274131131 2198962812 2393373617 21848375 -1127849 0 X X 0 0 0 5320 5320 5320 1 SAN DIEGO CREDIT UNION'S PAC PO BOX 85833 SAN DIEGO CA 92186 743032876 2500 DAVID BAUER 2150 RIVER PLAZA DR 150 SACRAMENTO CA 95833 263457749 2820 PART I-A, LINE 1: CONTRIBUTIONS TO POLITICAL ORGANIZATIONS. 11593645 11593645 27530730 16427284 11103446 7147466 6010173 1137293 20948237 17584660 3363577 27197961 MEMBER SHARE & SAVINGS ACCOUNTS 2102717503 2102717503 X PART X, LINE 2: THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF THE AUDITED FINANCIAL STATEMENT DATE OF MARCH 31, 2017 AND 2016. 1 CAL COAST CARES FOUNDATION P O BOX 421321 SAN DIEGO CA 92124 475249703 501(C)(3) 61500 TO SUPPORT PHILANTHROPIC EVENTS FOR STUDENTS AND TEACHERS LLS - LEUKEMIA AND LYMPHOMA SOCIETY 9150 CHESAPEAKE DR STE 100 SAN DIEGO CA 92123 135644916 501(C)(3) 59500 TO SUPPORT RESEARCH FOR A CURE OF LEUKEMIA AND LYMPHOMA RICHARD MYLES JOHNSON FOUNDATION 5500 GAINES STREET SAN DIEGO CA 92110 956141173 501(C)(3) 5000 TO SUPPORT YOUTH FINANCIAL EDUCATION EFFORTS ZOOLOGICAL SOCIETY OF SAN DIEGO 1455 FRAZEE RD STE 200 SAN DIEGO CA 92108 951648219 501(C)(3) 46350 TO SUPPORT CONSERVATION FOR ENDANGERED WILDLIFE AND HABITATS. SAN DIEGO FINANCIAL LITERACY 9325 SKY PART CT STE 260 SAN DIEGO CA 92123 912156504 501(C)(3) 10000 TO SUPPORT FINANCIAL EDUCATION TO COMMUNITY 5 PART I, LINE 2 THE CREDIT UNION MAKES DONATIONS TO WORTHY ORGANIZATIONS WHO PROMOTE/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 471841 0 141387 0 9025 0 12417 0 24891 0 659561 0 0 0 CHRISTINA LETHLEAN CFO 262643 0 55938 0 6744 0 10346 0 15665 0 351336 0 0 0 KATHERINE CADY COO 308120 0 67811 0 7469 0 11883 0 17538 0 412821 0 0 0 ROBERT G DISOTELL CLO 228170 0 50694 0 9638 0 9461 0 15668 0 313631 0 0 0 ANGELA MORAN CIO (STARTED 5/17) 149030 0 0 0 2346 0 199 0 10822 0 162397 0 0 0 LORI J DURAN SVP, BRANCH NETWORK DEV SOUTH 198011 0 33557 0 2801 0 7608 0 9471 0 251448 0 0 0 MITZI G ZARCONE SVP, LENDING 193784 0 33615 0 1860 0 7804 0 7842 0 244905 0 0 0 KENNETH HORTON VP, ACCOUNTING & FINANCE 182708 0 32591 0 1151 0 7504 0 21007 0 244961 0 0 0 SUSAN A WHITELEY VP, INFORMATION TECHNOLOGY 177947 0 32350 0 3174 0 7475 0 15906 0 236852 0 0 0 DARLEEN WILKINS SVP, BRANCH NETWORK DEV NORTH 173331 0 31255 0 3497 0 7014 0 13405 0 228502 0 0 0 PART I, LINE 4B THE NONQUALIFIED RETIREMENT PLAN IS A SERP AND IS INTENDED TO SUPPLEMENT THE CEO'S 401(K) RETIREMENT PLAN BENEFITS IN ORDER TO ENSURE THAT THE CEO RECEIVES A CERTAIN AMOUNT OF TARGETED RETIREMENT BENEFITS AS DETERMINED BY THE BOARD OF DIRECTORS. THE CEO IS THE ONLY PARTIPANT IN THE PLAN. TODD LANE $410,286.78 - CONTRIBUTION TO 457 (F) PLAN FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION CALIFORNIA COAST 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, CALIFORNIA COAST 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. FORM 990, PART VI, SECTION A, LINE 6 CALIFORNIA COAST CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS, AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. CALIFORNIA COAST CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF CALIFORNIA COAST CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY OUR BY-LAWS. 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 WAS REVIEWED BY THE ACCOUNTING MANAGER, DIRECTOR OF ACCOUNTING/CONTROLLER, AND THE VP OF ACCOUNTING & FINANCE AND THE CFO PRIOR TO FILING. THE FORM 990 IS MADE AVAILABLE TO THE EXECUTIVE COMMITTEE FOR REVIEW AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CURRENT CREDIT UNION POLICY RELIES ON INDIVIDUALS TO DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST DIRECTLY TO THE CHIEF EXECUTIVE OFFICER, WHO SHALL BRING THE MATTER TO THE BOARD OR DULY CONSTITUTED COMMITTEE THEREOF. THE BOARD OR A DULY CONSTITUTED COMMITTEE SHALL DETERMINE WHETHER A CONFLICT EXISTS. THERE IS A SECTION ON CONFLICTS OF INTEREST IN THE EMPLOYEE HANDBOOK WHICH REVIEWS AND GIVES EXAMPLES SO THAT STAFF IS AWARE OF POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A HUMAN RESOURCES GATHERS INFORMATION AND USES 3RD PARTY DATA TO COMPARE COMPENSATION AND THE BOARD OF DIRECTORS APPROVE THE CEO COMPENSATION PACKAGE EACH YEAR. THE CEO HAS A WRITTEN EMPLOYMENT AGREEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE TO THE PUBLIC UPON REQUEST, COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15B: ALL POSITIONS ARE REVIEWED BY HUMAN RESOURCES AND COMPARISON IS DONE WITH 3RD PARTY SALARY INFORMATION TO ENSURE EQUITY IN SALARIES TO MARKET. FORM 990, PART XII FINANCIAL STATEMENTS AND REPORTING: AS ALLOWED BY STATE REGULATORY AUTHORITIES, THE AUDIT IS DONE AS OF MARCH 31ST. THE REPORTING PERIOD FOR THE AUDIT, THEREFORE, DOES NOT MATCH THE REPORTING PERIOD FOR THE 990. PER FOOTNOTE 1 IN THE CREDIT UNION'S MARCH 31, 2017 FINANCIAL STATEMENTS, THE CREDIT UNION IS EXEMPT UNDER IRC SECTION 501 (C) (14), FROM FEDERAL AND STATE INCOME TAXES. CALIFORNIA COAST FINANCIAL SERVICES LLC 9201 SPECTRUM CENTER BLVD SAN DIEGO CA 92123 330986534 INVESTMENTS CA 640 351629 CALIFORNIA COAST CREDIT UNION