2017-11-13T07:08:11-06:00 2016-12-31 WOLF & COMPANY PC 99 HIGH STREET 21ST FLOOR BOSTON MA 02110 990 2016-01-01 940755684 Patelco Credit Union % SUSAN GRUBER PATE 8003588228 5050 Hopyard Road Pleasanton CA 94588 SUSAN GRUBER CFO 9254604613 2017-11-09 true Michael J Rowe CPA P00535831 6174399700 2017-11-07 74.92.33.29 04102520173175000000 2017-11-13 P FC2C3B3E33F5728E88F8F1C970CCBE89E423E2A2 AB4632533840A799C2F045CE9F5D9B6D33CBA32F 2016 2018-03-14 21:41:22Z SUSAN GRUBER 5050 Hopyard Road Pleasanton CA 94588 352911537 false 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 9 9 824 15 239438 -1450383 0 0 141680867 159797027 24660358 30595968 6820036 7538002 173161261 197930997 0 0 0 0 58694024 59744853 0 0 0 84280181 88918513 142974205 148663366 30187056 49267631 4741673876 5463556120 4212553144 4888321292 529120732 575234828 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. false false 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 2016, The Credit Union provided members with 5,520 new real estate loans totaling $1,060,252,691, 91,068 new consumer loans totaling $859,644,214, and 691,621 deposit accounts totaling $4,747,275,749. false false true false false false false true false true false false false true true false true false false false false false false false false false false false true false true false false false false false false false false false true true true false true 192136 0 true 824 true true true false false false false false X 9 9 false false false false true true true true true false true true true true true true true true true true false X X SUSAN GRUBER 9254604613 5050 HOPYARD ROAD Pleasanton CA 94588 Peter Hanelt Chairman 5.0 0.0 X X 7469 0 0 Garick Zillgitt 2nd vice chair 5.0 0.0 X X 7329 0 0 Jesse Rivera treasurer 5.0 0.0 X X 0 0 0 Tracey Scott director 5.0 0.0 X 1421 0 0 Jeffrey Parks Vice Chair 5.0 0.0 X X 1315 0 0 Vickie Rath Director 5.0 0.0 X 752 0 0 Gerald Upson director 5.0 0.0 X 6276 0 0 Colleen Cabey secretary 5.0 0.0 X X 8447 0 0 Race Chen Director 5.0 0.0 X 2189 0 0 Erin Mendez President/CEO 40.0 0.0 X 759450 0 223527 Susan Gruber SVP, CFO 40.0 0.0 X 376052 0 31218 Kenneth Darling Chief Credit Officer 40.0 0.0 X 332485 0 23122 Kevin Landel SVP, Chief Information Officer 40.0 0.0 X 337250 0 28345 Susan Makris Chief Human Resource Officer 40.0 0.0 X 304773 0 22297 Melissa Morgan SVP, Chief Retail Officer 40.0 0.0 X 371806 0 21850 Christopher Allen SVP, Chief Risk Officer 40.0 0.0 X 315224 0 27221 Jose Jimenez ended 11116 Chief Risk Officer 40.0 0.0 X 289786 0 26539 Deborah Colby SVP, Planning & Member Exp 40.0 0.0 X 281953 0 41519 Pansy Fong VP Accounting 40.0 0.0 X 257667 0 14738 Rebecca Arcia-Nicolay VP Consumer Underwriting 40.0 0.0 X 212695 0 14040 Vincent Salinas VP of Home Loans 40.0 0.0 X 225190 0 28498 Leilani Apolonio VP Operations 40.0 0.0 X 229779 0 15675 Mark Peters VP Project Management 40.0 0.0 X 221051 0 25136 Martin Doyle VP of Technology 40.0 0.0 X 241131 0 19497 Erik Welch VP Retail Operations 40.0 0.0 X 244877 0 17270 Scott Scherschligt ended 10516 VP Inv & Ins Services 40.0 0.0 X 296842 0 19203 Brent Gifford VP Information Security 40.0 0.0 X 248531 0 22397 Michael Poirier VP Member Business Lending 40.0 0.0 X 228507 0 21159 Srividya Balaji VP Software Development 40.0 0.0 X 242902 0 20135 James Marasco Home Loan Consultant 40.0 0.0 X 534514 0 42705 Emmanuel Pablo financial Consultant 40.0 0.0 X 535673 0 45852 Patricia A Vallejo Home Loan Consultant 40.0 0.0 X 300402 0 22086 Darryl Hall Financial Consultant 40.0 0.0 X 304766 0 32961 Johnny D Taboada senior mortgage consultant 40.0 0.0 X 342317 0 14282 8070821 0 821272 49 false true false fiserv inc po box 80123 CITY OF INDUSTRY CA 917168123 card processing 2478351 fiserv solutions inc 75 remittance drive suite 6959 CHICAGO IL 606756945 debit & credit svcs 2148080 DIEBOLD INCORPORATED POBOX 644399 PITTSBURG PA 152644399 ATM and Maintenance 1529542 TERAFINA INC PO BOX 2042 SAN FRANCISCO CA 94126 IT Consulting 1062885 SHI INTERNATIONAL CORP PO BOX 952121 DALLAS TX 753952121 IT Solutions 835494 67 0 INTEREST ON LOANS TO MEMBERS 131077166 131077166 SERVICE CHARGES 9965375 9965375 ATM FEES 524298 5057181 4817743 239438 INTERCHANGE FEE INCOME 13697305 13697305 159797027 22041849 22041849 0 0 15066 15066 0 0 0 157499223 6020370 154965474 2533749 6020370 8554119 8554119 0 0 0 0 0 0 0 0 0 MISC INCOME 900099 2087620 2087620 CREDIT INSURANCE REVENUE 900099 2199019 2199019 INVESTMENT ADVISORY INCOME 900099 3251363 3251363 7538002 197930997 167095591 239438 30595968 0 0 0 0 6053150 0 39063419 3792074 7266465 3569745 535169 287660 227912 0 0 0 1460252 2446661 4271115 5197246 0 9260411 1610445 0 0 31295486 0 2376460 1084610 PROVISION FOR LOAN LOSSES 8725000 LOAN SERVICING EXPENSES 9117319 ATM & OTHER PROCESSING EXP 4988612 EQUIPMENT/MAINTENANCE 1349460 4684695 148663366 51928013 69690832 223803164 298646466 0 0 30690832 31730675 0 0 0 0 3177465305 3583646602 0 0 2789057 9771517 37790475 28422290 8751294 9368185 1143338250 1351433918 18400899 17505829 0 0 24410046 24410046 60097016 67352050 4741673876 5463556120 135740119 141270191 0 0 0 0 0 0 6636205 8264275 0 0 0 0 0 0 4070176820 4738786826 4212553144 4888321292 X 0 0 0 0 529120732 575234828 529120732 575234828 4741673876 5463556120 X 49267631 -3206000 52465 X false true X true 19000 true CCUL-PAC PO Box 51476 Ontario CA 917610076 942329967 17000 0 bill dodd for senate 2020 112711 11th st suite 606 Sacramento CA 95814 999999999 2000 0 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. false true 480734 480734 1553396 1232273 321123 9213544 6436064 2777480 13349501 10107607 3241894 13193300 10646346 2546954 9368185 0 REGULAR SHARES 903517599 SHARE DRAFTS 960461836 MONEY MARKET ACCOUNTS 1540373783 SHARE CERTIFICATES 1136300868 IRA/KEOGH ACCOUNTS 99571224 TREASURY PLUS ACCOUNTS 98561516 4738786826 X Schedule D, Part IV - Escrow Account 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. Schedule D, Part X, Line 2 - Uncertain Tax Positions The Credit Union is a state-chartered credit union, as described in Internal Revenue Code 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, IRS 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. Financial Accounting Standards Board ("FASB") Accounting Standard Codification ("ASC") 740-10-65, Income Taxes, provides guidance for how uncertain tax positions should be recognized, measured, disclosed and presented in the 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"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, 2016 and 2015, 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 examinattion by U.S. federal and state tax authorities for the tax year before 2010. X true true X X false true false Erin Mendez President/CEO 571608 0 181000 0 6842 0 211964 0 11563 0 982977 0 0 0 Susan Gruber SVP, CFO 319981 0 49071 0 7000 0 21200 0 10018 0 407270 0 0 0 Kenneth Darling Chief Credit Officer 285196 0 46434 0 855 0 20942 0 2180 0 355607 0 0 0 Kevin Landel SVP, Chief Information Officer 293244 0 41581 0 2425 0 18050 0 10295 0 365595 0 0 0 Susan Makris Chief Human Resource Officer 258831 0 39403 0 6539 0 18167 0 4130 0 327070 0 0 0 Melissa Morgan SVP, Chief Retail Officer 320566 0 48192 0 3048 0 11899 0 9951 0 393656 0 0 0 Christopher Allen SVP, Chief Risk Officer 270639 0 40282 0 4303 0 15900 0 11321 0 342445 0 0 0 Jose Jimenez ended 11116 Chief Risk Officer 247812 0 39997 0 1977 0 15483 0 11056 0 316325 0 0 0 Pansy Fong VP Accounting 221664 0 30617 0 5386 0 12378 0 2360 0 272405 0 0 0 Rebecca Arcia-Nicolay VP Consumer Underwriting 170445 0 37399 0 4851 0 13814 0 226 0 226735 0 0 0 Vincent Salinas VP of Home Loans 195758 0 28868 0 564 0 26033 0 2465 0 253688 0 0 0 James Marasco Home Loan Consultant 79980 0 454259 0 275 0 31235 0 11470 0 577219 0 0 0 Leilani Apolonio VP Operations 192625 0 32508 0 4646 0 11732 0 3943 0 245454 0 0 0 Emmanuel Pablo financial Consultant 67846 0 466970 0 857 0 38558 0 7294 0 581525 0 0 0 Mark Peters VP Project Management 193786 0 26484 0 781 0 13173 0 11963 0 246187 0 0 0 Martin Doyle VP of Technology 210757 0 28785 0 1589 0 13572 0 5925 0 260628 0 0 0 Erik Welch VP Retail Operations 211724 0 28818 0 4335 0 15363 0 1907 0 262147 0 0 0 Patricia A Vallejo Home Loan Consultant 77778 0 222563 0 61 0 15660 0 6426 0 322488 0 0 0 Darryl Hall Financial Consultant 78202 0 226481 0 83 0 21200 0 11761 0 337727 0 0 0 Deborah Colby SVP, Planning & Member Exp 255154 0 26059 0 740 0 36288 0 5231 0 323472 0 0 0 Scott Scherschligt ended 10516 VP Inv & Ins Services 161569 0 134198 0 1075 0 14156 0 5047 0 316045 0 0 0 Brent Gifford VP Information Security 220500 0 23352 0 4679 0 14777 0 7620 0 270928 0 0 0 Michael Poirier VP Member Business Lending 200834 0 27314 0 359 0 13742 0 7417 0 249666 0 0 0 Srividya Balaji VP Software Development 214617 0 27293 0 992 0 14973 0 5162 0 263037 0 0 0 Johnny D Taboada senior mortgage consultant 75039 0 266269 0 1009 0 10631 0 3651 0 356599 0 0 0 Schedule J, 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. Schedule J, Part I, Line 4b - 457(f) nonqualified plan The credit union entered into a 457(f) plan with Erin Mendez, CEO. In 2016, $172,764 was included in Erin Mendez's deferred compensation on Schedule J, Part II, Column (c). SCHEDULE L, PART II - 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. 990, Part VI, Section A, Lines 6, 7a & 7b - Members 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. Lines 7a & 7b - the credit union members elect board of directors with varied terms at an annual meeting held each year. 990, Part VI, section B, Line 11b - Review of 990 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. 990, Part VI, Section B, Line 12c - Conflict of Interest Policy 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. 990, Part VI, Section B, Line 15 - Compensation determination process All management positions have compensation set by the policies and guidelines approved by board of Directors or CEO. 990, Part VI, Section C, Line 19 - Governing Documents 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. 990, Part XI, Line 9 - Other Change in Net Assets Net Change in FAS 158 Pension Liability $52,465 Patelcorp Insurance Services Inc 5050 Hopyard Rd Pleasanton CA 94588 943068709 Ins & investm CA Patelco CU C Corp 471713 1961679 1.00000 true Members Advantage Plus 5050 hopyard rd pleasanton CA 94588 943233988 auto byuing s CA Patelco CU C Corp 165697 263562 1.00000 true false false false false false false false false false false false false true true true false true false false MEMBERS ADVANTAGE PLUS m 165697 FMV MEMBERS ADVANTAGE PLUS q 9631 fmv Patelcorp service organization m 460728 fmv Patelcorp service organization q 200535 fmv Patelcorp service organization o 59108 fmv MEMBERS ADVANTAGE PLUS n 15066 fmv MEMBERS ADVANTAGE PLUS o 148161 fmv