2017-10-20T19:13:46-05:00 2016-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2016-01-01 951185803 CALIFORNIA COAST CREDIT UNION CALI 8586364251 PO BOX 502080 SAN DIEGO CA 92150 KENNETH HORTON VP FINANCE & RISK MANAGEMENT 8586364251 2017-10-16 1 ANNE B DAVISON P00944246 6022662248 67.137.57.251 2017-10-16 13:42:39 US P E9F310E552A983DEE0D16D26B85D24D51800DFDA 2F1179B54E37BEB8C756DAD8E212D30E9ADE46CE 2016 2021-01-29 14:40:06Z KENNETH HORTON 9201 SPECTRUM CENTER BLVD SAN DIEGO CA 92123 86133919 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 9 587 14 0 0 0 0 71042354 76939847 6135790 5389100 5030870 3804972 82209014 86133919 74130 155327 0 3430655 31417643 34207488 0 0 0 29577731 30059068 61069504 67852538 21139510 18281381 2015035130 2198962812 1779165593 1945552207 235869537 253410605 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 1 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 38291 0 1 587 1 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X KENNETH HORTON 8774951600 9201 SPECTRUM CENTER BLVD SAN DIEGO CA 95123 BRUCE HUSSON BOARD MEMBER 2.00 X 0 0 0 RICHARD J KNOTT BOARD MEMBER 2.00 X 0 0 0 DRBARBARA K BROOKS CHAIR 4.00 X 0 0 0 STEVE MCMAHON BOARD MEMBER 2.00 X 0 0 0 GARY ATKINSON VICE CHAIR 4.00 X 0 0 0 ROBERT T ALTMAN SECRETARY 2.00 X 0 0 0 FRED MEHLICK BOARD MEMBER 2.00 X 0 0 0 FRED WALTERS DIRECTOR 2.00 X 0 0 0 JAY SHEPARD BOARD MEMBER 2.00 X 0 0 0 TODD LANE PRESIDENT 40.00 X 559885 0 26018 CHRISTINA LETHLEAN CFO 40.00 X 296227 0 24068 KATHERINE CADY COO 40.00 X 360583 0 28710 LESLIE JEFFRIES CIO 40.00 X 270297 0 14473 ROBERT G DISOTELL CLO 40.00 X 280613 0 23440 LORI J DURAN SVP, OPERATIONS 40.00 X 210232 0 16251 DARLEEN WILKINS SVP, BRANCH NETWORK DEVELO 40.00 X 207840 0 19616 SUSAN A WHITELEY VP, INFORMATION TECHNOLOGY 40.00 X 202957 0 22348 MITZI G ZARCONE SVP, LENDING 40.00 X 217322 0 14655 KENNETH HORTON VP, ACCOUNTING & FINANCE 40.00 X 205096 0 25895 2811052 0 215474 36 0 1 0 THE MEMBERS GROUP PO BOX 10409 DES MOINES IA 10409 PLASTIC CARD SERVICES 2454967 CU COOPERATIVE SYSTEM INC 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 PLASTIC CARD NETWORK CONNECTION SERVICE 1485171 MILNER BUTCHER MEDIA GROUP LLC 11150 W OLYMPIC BLVD S - 815 LOS ANGELES CA 90064 MARKETING 1345560 MASTERCARD 2000 PURCHASE STREET PURCHASE NY 10577 CREDIT CARD PROCESSING 901732 SHI INTERNATIONAL CORP PO BOX 952121 DALLAS TX 75395 SOFTWARE SERVICES 790249 60 INTEREST ON LOANS 522100 55471568 55471568 OTHER OPERATING INCOME 522100 11108782 11108782 FEES & CHARGES 522100 10359497 10359497 76939847 5383079 5383079 1352539 0 1352539 1352539 1352539 6021 0 6021 6021 6021 MISC INCOME 522100 2452433 2452433 2452433 86133919 79392280 0 6741639 155327 3430655 3228716 25792830 3050001 2135941 19742 299779 48550 2504878 3820041 531409 707885 4765329 330020 240178 3009098 432792 BANK AND CREDIT CARD FE 6613199 ALLOWANCE FOR LOAN LOSS 1384220 REPAIRS AND MAINTENANCE 1376579 OTHER EXPENSES 1121628 2853741 67852538 7828311 9676953 130193053 105044293 3378987 5906597 1457959297 1649557762 2550235 3720961 65558428 37790866 27553491 27767562 357978011 368657172 3167772 3167772 24425973 25463740 2015035130 2198962812 7974411 10720877 1771191182 1934831330 1779165593 1945552207 X 0 0 0 0 235869537 253410605 235869537 253410605 2015035130 2198962812 18281381 -740313 0 X X 0 1 X 1 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 11593645 11593645 27578205 15595790 11982415 6490335 5488732 1001603 19896243 16706344 3189899 27767562 AVAILABLE FOR SALE SECURITIES 345240300 F HELD TO MATURITY SECURITIES 8839925 C FHLB STOCK 10286700 C OTHER INVESTMENTS 4290247 F 368657172 MEMBER SHARE & SAVINGS ACCOUNTS 1934831330 1934831330 X PART X, LINE 2: THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF MARCH 31, 2017 AND 2016. 0 CAL COAST CARES FOUNDATION P O BOX 421321 SAN DIEGO CA 92124 475249703 501(C)(3) 45447 TO SUPPORT PHILANTHROPIC EVENTS FOR STUDENTS AND TEACHERS RADY'S CHILDREN'S HOSPITAL FOUNDATION 3020 CHILDRENS WAY MC5005 SAN DIEGO CA 92123 330170626 501(C)(3) 9000 TO GIVE HOPE AND HEAL CHILIDREN LLS - LEUKEMIA AND LYMPHOMA SOCIETY 9150 CHESAPEAKE DR STE 100 SAN DIEGO CA 92123 135644916 501(C)(3) 30000 TO SUPPORT RESEARCH FOR A CURE OF LEUKEMIA AND LYMPHOMA SAN DIEGO HUMANE SOCIETY & SPCA 5500 GAINES STREET SAN DIEGO CA 92110 951661688 501(C)(3) 15000 TO SUPPORT LOCAL ANIMAL SHELTER ZOOLOGICAL SOCIETY OF SAN DIEGO 1455 FRAZEE RD STE 200 SAN DIEGO CA 92108 951648219 501(C)(3) 45880 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 6 X 1 1 X X X X 0 1 0 TODD LANE PRESIDENT 442912 0 107989 0 8984 0 13108 0 12910 0 585903 0 0 0 CHRISTINA LETHLEAN CFO 241066 0 48722 0 6439 0 9945 0 14123 0 320295 0 0 0 KATHERINE CADY COO 293539 0 59804 0 7240 0 12055 0 16655 0 389293 0 0 0 LESLIE JEFFRIES CIO 223623 0 44445 0 2229 0 5848 0 8625 0 284770 0 0 0 ROBERT G DISOTELL CLO 226654 0 44598 0 9361 0 9012 0 14428 0 304053 0 0 0 LORI J DURAN SVP, OPERATIONS 183950 0 23600 0 2682 0 7457 0 8794 0 226483 0 0 0 DARLEEN WILKINS SVP, BRANCH NETWORK DEVELO 177480 0 27900 0 2460 0 6893 0 12723 0 227456 0 0 0 SUSAN A WHITELEY VP, INFORMATION TECHNOLOGY 171165 0 28771 0 3021 0 7189 0 15159 0 225305 0 0 0 MITZI G ZARCONE SVP, LENDING 185865 0 29666 0 1791 0 7470 0 7185 0 231977 0 0 0 KENNETH HORTON VP, ACCOUNTING & FINANCE 176413 0 27030 0 1653 0 6959 0 18936 0 230991 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 $460,537.47 - 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, THE VP OF 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 EMPLOYEES REVIEW AND SIGN THE CREDIT UNION'S FRAUD POLICY ANNUALLY; REGULAR EXTERNAL AND INTERNAL AUDITS ARE PERFORMED; AND EMPLOYEE ACCOUNTS ARE MONITORED REGULARLY. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION USES AN INDEPENDENT CONSULTING FIRM TO REVIEW TITLES AND SALARY LEVELS FOR MANAGER LEVEL AND ABOVE. FOR THE CEO, COMPENSATION IS REVIEWED AND APPORVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE BUILDING LOBBY AND ARE ALSO AVAILABLE UPON REQUEST. 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, 2016 FINANCIAL STATEMENTS, THE CREDIT UNION IS EXEMPT UNDER IRC SECTION 501 (C) (14), FROM FEDERAL AND STATE INCOME TAXES. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. CALIFORNIA COAST FINANCIAL SERVICES LLC 9201 SPECTRUM CENTER BLVD SAN DIEGO CA 92123 330986534 INVESTMENTS CA 20492 414865 CALIFORNIA COAST CREDIT UNION