2014-11-17T20:18:30-07:00 2013-12-31 990 2013-01-01 940755684 PATELCO CREDIT UNION PATE 8003588228 5050 Hopyard Road Pleasanton CA 94588 Susan Gruber SVP/Chief Financial Officer 9254604613 2014-11-17 2013 2015-11-30 17:44:51Z Erin Mendez 5050 Hopyard Rd Pleasanton CA 94588 158175470 0 X www.patelco.org X credit union 1936 CA 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 throughout the US using various channels including branches, a call center and the Internet. 11 11 726 16 5786321 0 0 0 139815214 134658980 28740953 17730169 4928061 5786321 173484228 158175470 0 0 0 0 47293807 50337495 0 0 0 70680926 55833150 117974733 106170645 55509495 52004825 3871998534 4011238511 3441490614 3538521098 430507920 472717413 Patelco Credit Union provided members 13,342 Real Estate loans totalling $716,439,478 in 2013. Patelco Credit Union provided members 58,718 consumer loans totalling $950,862,121 in 2013. Patelco Credit Union offered loans, deposits and other services to 277,752 members in 2013. 0 0 Patelco Credit Union provided members 13,342 Real Estate loans totalling $716,439,478 in 2013. Patelco Credit Union provided members 58,718 consumer loans totalling $950,862,121 in 2013. Patelco Credit Union offered loans, deposits and other services to 277,752 members in 2013. 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 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 1 1 0 0 1 244 0 1 726 1 1 1 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X Susan Gruber 9254604613 5050 Hopyard Road Pleasanton CA 94588 Peter Hanelt Chairman 5 0 X 6097 0 0 Garrick Zillgitt Director 5 0 X 4143 0 0 Jesse Rivera 1st Vice Chair 5 0 X 2801 0 0 Tracey Scott 2nd Vice Chair 5 0 X 2680 0 0 Jeffrey Parks Secretary 5 0 X 10530 0 0 Vickie Rath Director 5 0 X 2154 0 0 John Rubino Director 5 X 11902 0 0 Colleen Cabey Treasurer 5 0 X 2152 0 0 Gerald Upson Director 5 0 X 4340 0 0 Gene Bell Director 5 0 X 4978 0 0 Race Chen Director 5 5 X 4325 0 0 Trevor Thomas Supervisory Committee Chair 5 0 X 3197 0 0 Erin Mendez CEO 0 0 X X 176873 0 0 Scott Waite EVP/CFO, CEO Patelcorp 40 5 X X 352769 0 0 Ryan Misasi EVP Retail Operations 40 0 X X 313867 0 0 LeeAnn Giblin SVP/Chief Administrative Officer 40 0 X X 300430 0 0 Kevin Landel SVP - Chief Information Officer 40 0 X X 192676 0 0 Mark Hoaglin VP Investments and Insurance Services 40 0 X 317378 0 0 Pansy Fong VP Finance 40 0 X 225941 0 0 Edwin Cassady VP Human Resources 40 0 X 246125 0 0 Cory Schwab VP Business Loans 40 0 X 245615 0 0 Alison Jones VP Marketing 40 0 X 278168 0 0 Rebecca Nicolay VP Consumer Loans 40 0 X 250335 0 0 Vince Salinas VP Home Loans 40 0 X 201639 0 0 Scott George VP Core Services 40 0 X 224088 0 0 Leilani Apolonio VP Operations 40 0 X 179009 0 0 Flora Nafei VP Sales and Member Service 40 0 X 188667 0 0 Sandra Scott VP Card Services 40 0 X 169847 0 0 Emmanuel Pablo Financial Consultant 40 0 X 584862 0 0 Darryl Hall Financial Consultant 40 0 X 316017 0 0 James Marasco Financial Consultant 40 0 X 267753 0 0 Mark Martella Financial Consultant 40 0 X 270782 0 0 Hector Garza Financial Consultant 40 0 X 243794 0 0 Ken Burns CEO 40 0 X X X 1263307 0 0 Ron Felder EVP Chief Credit Officer 40 0 X X X 171965 0 0 Viktoria Earle VP Risk Management 40 0 X X 113834 0 0 Anthony Vitale VP Information Technology 40 0 X X 115466 0 0 David Luu VP Collections 40 0 X X 184121 0 0 Koji Fukumoto VP Internal Audit 40 0 X X 159297 0 0 7613924 0 0 69 1 1 0 Hacienda MD LLC PO Box 1420 Suisun City CA 94585 Real estate/property mgmt 1500535 MICROSOFT LICENSING Group 6100 Neil Road Reno NV 89511 IT services 302224 120 Second St Corporation 4412 Kastania Rd Petaluma CA 94952 Real estate/property mgmt 222789 Gateway Services Group 7600 E Orchard Road Suite 320N Greenwood Village CO 80111 Investment and insurance management 268440 BRYAN SCHWARTZ LAW 1330 Broadway 1630 Oakland CA 94612 Attorney 258333 28 0 Interest on loans to members 522130 92847998 92847998 0 0 Service charges 522130 11867049 11867049 0 0 Merchant card and the network fees 522130 17150478 17150478 0 0 Other loan income 522130 10587033 10587033 0 0 Other non-interest income 522130 2206422 2206422 0 0 0 0 0 0 134658980 18672698 18672698 0 0 0 0 0 0 0 0 0 0 0 0 1091895 -2034424 0 0 1091895 -2034424 -942529 -942529 0 0 ATM non-member fees 522320 480870 0 480870 0 Insurance sales revenue 524298 1365251 0 1365251 0 Investment Advisory Income 523999 3940200 0 3940200 0 0 0 0 0 5786321 158175470 152389149 5786321 0 7613924 31808746 2862123 5191530 2861172 355023 884161 461160 323454 2528382 5481976 3628072 7963807 1107228 15098554 1762454 3775960 Provision for loan losses -6359000 Loan servicing expense 10992360 ATM and other processing expenses 4503455 Miscellaneous expense 3326104 106170645 0 0 0 28716209 28102104 455657278 420478149 22810555 28369724 2039809170 2287614556 1540324 1706957 28490109 22636315 6921493 5853794 1231733240 1157206707 4154707 4384360 25319176 24724277 55336382 52797883 3871998534 4011238511 40106270 33227702 7912114 5414918 3393472230 3499878478 3441490614 3538521098 X 0 0 0 0 430507920 472717413 430507920 472717413 3871998534 4011238511 X 52004825 0 0 0 0 -9795332 X 0 1 X 1 0 12500 0 0 0 0 1 California Credit Union League Political Action Committee PO Box 51476 Ontario CA 917610076 942329967 10000 0 Kevin Mullin for Assembly 20 PARK RD STE E BURLINGAME CA 94010 001354035 2500 0 Schedule C, Part I-A, Line 1 Patelco's activities 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 0 480734 480734 0 2147561 1533626 613935 0 6881876 5024602 1857274 0 18979938 16078087 2901851 0 0 0 0 5853794 Regular shares 861329148 Share drafts 809047810 Money Market accounts 780800343 Share certificates 805439248 IRA/Keogh accounts 125542719 Treasury Plus accounts 117719210 3499878478 X 158175470 0 0 0 0 0 158175470 0 0 0 158175470 106170645 0 0 0 0 0 106170645 0 0 0 106170645 Schedule D, Part IV, Line 2b Patelco Credit Union holds funds in escrow accounts in connection with mortgage loans Schedule D, Part X, Line 2 Credit Union evaluates 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 to be 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 year ended December 31, 2013, management has determined there are no material uncertain tax positions. X 1 1 X 1 1 0 Peter Hanelt Chairman 0 0 0 0 6097 0 0 0 0 0 6097 0 Jesse Rivera 1st Vice Chair 0 0 0 0 2801 0 0 0 0 0 2801 0 Tracey Scott 2nd Vice Chair 0 0 0 0 2680 0 0 0 0 0 2680 0 Jeffrey Parks Secretary 0 0 0 0 10530 0 0 0 0 0 10530 0 Colleen Cabey Treasurer 0 0 0 0 2152 0 0 0 0 0 2152 0 Gene Bell Director 0 0 0 0 4978 0 0 0 0 0 4978 0 Race Chen Director 0 0 0 0 4325 0 0 0 0 0 4325 0 Vickie Rath Director 0 0 0 0 2154 0 0 0 0 0 2154 0 John Rubino Director 0 0 0 0 11902 0 0 0 0 0 11902 0 Gerald Upson Director 0 0 0 0 4340 0 0 0 0 0 4340 0 Garrick Zillgitt Director 0 0 0 0 4143 0 0 0 0 0 4143 0 Trevor Thomas Supervisory Committee Chair 0 0 0 0 3197 0 0 0 0 0 3197 0 Erin Mendez CEO 174359 0 0 0 2514 0 16168 0 819 0 193860 0 Scott Waite EVP/CFO, CEO Patelcorp 270079 0 65236 0 17453 0 21607 0 23540 0 397915 0 Ryan Misasi EVP Retail Operations 253886 0 46299 0 13682 0 20239 0 23455 0 357561 0 LeeAnn Giblin SVP/Chief Administrative Officer 232628 0 60496 0 7306 0 25315 0 12469 0 338214 0 Kevin Landel SVP - Chief Information Officer 158205 0 15100 0 19371 0 4746 0 10124 0 207546 0 Mark Hoaglin VP Investments and Insurance Services 115333 0 200444 0 1601 0 20832 0 13348 0 351558 0 Pansy Fong VP Finance 170311 0 42350 0 13281 0 13625 0 7497 0 247064 0 Alison Jones VP Marketing 218473 0 51421 0 8274 0 17478 0 23384 0 319030 0 Rebecca Nicolay VP Consumer Loans 194115 0 40251 0 15970 0 33029 0 2515 0 285880 0 Cory Schwab VP Business Loans 189568 0 42958 0 13088 0 15166 0 7662 0 268442 0 Vince Salinas VP Home Loans 162450 0 36674 0 2515 0 20246 0 2440 0 224325 0 Scott George VP Information Systems 166766 0 48111 0 9211 0 13341 0 15274 0 252703 0 Leilani Apolonio VP Operations 141376 0 33977 0 3657 0 11310 0 2357 0 192677 0 Flora Nafei VP Sales and Member Service 160000 0 28667 0 0 0 11800 0 15992 0 216459 0 David Luu VP Collections 139386 0 39159 0 5577 0 11738 0 17128 0 212988 0 Edwin Cassady VP Human Resources 58429 0 0 0 187696 0 5613 0 3780 0 255518 0 Ron Felder EVP Chief Credit Officer 106132 0 61765 0 4067 0 8491 0 8928 0 189383 0 Koji Fukumoto VP Internal Audit 112127 0 35685 0 11485 0 20637 0 13338 0 193272 0 Ken Burns CEO 343962 0 171193 0 748152 0 31476 0 7975 0 1302758 0 Viktoria Earle VP Risk Management 113834 0 0 0 0 0 9107 0 8588 0 131529 0 Anthony Vitale VP Information Technology 59775 0 42451 0 13240 0 1793 0 4084 0 121343 0 Emmanuel Pablo Financial Consultant 33600 0 550583 0 678 0 33589 0 7140 0 625590 0 Darryl Hall Financial Consultant 33600 0 280575 0 1841 0 18299 0 19244 0 353559 0 Mark Martella Financial Consultant 36000 0 232671 0 2111 0 13818 0 7046 0 291646 0 James Marasco Financial Consultant 36000 0 229642 0 2111 0 19381 0 22786 0 309920 0 Hector Garza Financial Consultant 33600 0 209516 0 678 0 16863 0 20363 0 281020 0 Schedule J, Part I, Line 1a The Credit Union provides travel for companions benefit to the board members and reports applicable amounts on form 1099. Schedule J, Part I, Line 4 Severance payments were made due to changes in management in 2013 to former CEO and former VP of Human Resources. Former CEO received a payout from SERP plan during 2013. Leilani Apolonio VP Operations Home loan X 732000 693518 0 1 1 Scott George VP Core Services Home Loan X 105000 16619 0 1 1 Ryan Misasi EVP Retail Operations Home Loan X 417000 405887 0 1 1 Scott Waite EVP-CFO Home loan X 805000 805000 0 1 1 Kevin Landel SVP Information Technology Home Loan X 689600 682507 0 1 1 2603531 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 specified 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 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 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 chairman of the board before filing with the IRS. Form 990, Part VI, Section B, Line 12c All employees and officials are subject to credit union conflict of interest policies - violations coud be subject to disciplinary 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 by 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 public by posting them in each of its retail branches.Its annual reports with financial statements are posted on Patelco Credit Union's website at www.patelco.org. Governing documents and conflict of interest policies are available to membership upon request in writing. Form 990, Part XI, Line 9 Patelco's audited financial statements show Accumulated Other Comprehensive Income (Loss) of $3,396,338 in 2012 and $(6,398,996) for 2013, for a net difference of (9,795,334). Patelcorp Service Organization 5050 Hopyard Rd Pleasanton CA 94588 943068709 Insurance and Investments CA N/A C 1 0 Members Advantage Plus 5050 Hopyard Rd Pleasanton CA 94588 943233988 Auto Buying Service CA N/A C 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 Members Advantage Plus q 293084 Actual expense Members Advantage Plus m 366648 Actual revenue by organization Patelcorp Service Organization q 435095 Patelcorp Service Organization m 581161 Patelcorp Service Organization o 92672 Cost allocation based on actual payroll expense Patelcorp Service Organization n 3189