2013-11-15T19:47:35-07:00 2012-12-31 990 2012-01-01 940755684 PATELCO CREDIT UNION PATE 8003588228 5050 Hopyard Road Pleasanton CA 94588 Scott Waite 9254604605 2013-11-15 2012 2016-03-07 17:11:31Z Scott Waite EVP-CFO 5050 Hopyard Rd Pleasanton CA 94588 173484228 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 11 687 16 4928061 0 0 0 136826775 139815214 24463301 28740953 4328908 4928061 165618984 173484228 0 0 0 0 42693268 47293807 0 0 0 110718925 70680926 153412193 117974733 12206791 55509495 3611613563 3871998534 3234168183 3441490614 377445380 430507920 Patelco Credit Union provided members 10,171 Real Estate loans totalling $575,625,168 in 2012. Patelco Credit Union provided members 59,217 consumer loans totalling $882,901,988 in 2012. Patelco Credit Union offered loans, deposits and other services to 273,975 members in 2012. 0 0 Patelco Credit Union provided member 10,171 real estate loans totalling $575,625,168 in 2012. Patelco Credit Union provided members 59,217 consumer loans totalling $882,901,988 in 2012. Patelco Credit Union offered loans, deposits, and other services to 273,975 in 2012. 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 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 1 0 1 182 0 1 687 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 X Scott Waite EVP-CFO 9254604605 5050 Hopyard Road Pleasanton CA 94588 Peter Hanelt 5 X 4354 0 0 Garrick Zillgitt 5 X 0 0 0 John Rubino 5 0 X 1965 0 0 Colleen Cabey 5 0 X 2691 0 0 Race Chen 5 0 X 3465 0 0 Vickie Rath 5 0 X 0 0 0 Jesse Rivera 5 0 X 2264 0 0 Tracey Scott 5 0 X 0 0 0 Gerald Upson 5 0 X 3280 0 0 Gene Bell 5 0 X 2649 0 0 Jeffrey Parks 5 0 X 1089 0 0 Ken Burns 40 0 X 707162 0 59329 Scott Waite 40 0 X 269511 0 41137 LeeAnn Giblin 40 0 X 246458 0 29595 Ryan Misasi 40 0 X 266784 0 35512 Barry Kane 40 0 X 256282 0 24363 Ron Felder 40 0 X 252518 0 36848 Koji Fukumoto 40 0 X 167170 0 29586 Mark Hoaglin 40 0 X 265179 0 32904 Pansy Fong 40 0 X 188594 0 19987 Ed Cassady 40 0 X 214699 0 27750 Cory Schwab 40 0 X 210658 0 21603 Alison Jones 40 0 X 233966 0 38627 Rebecca Nicolay 40 0 X 192303 0 15633 Vince Salinas 40 X 165608 0 14395 Gary Roberts 40 0 X 198277 0 19114 Anthony Vitale 40 0 X 190666 0 18663 Scott George 40 0 X 181859 0 26569 David Luu 40 0 X 152060 0 29469 Leilani Apolonio 40 0 X 156767 0 13260 Carol Highton 0 0 X X 153000 0 0 Ramon Evangelista 40 0 X 192294 0 35930 Jane Krueger 40 0 X 250863 0 20480 Darryl Hall 40 0 X 333179 0 36597 Emmanuel Pablo 40 0 X 364876 0 35907 Hector Garza 40 0 X 194517 0 34151 6027007 0 697409 62 1 1 0 Hacienda MD LLC PO Box 1420 Suisun City CA 94585 Real estate/property mgmt 1520920 MICROSOFT LICENSING Group 6100 Neil Road Reno NV 89511 IT services 226148 120 Second St Corporation 4412 Kastania Rd Petaluma CA 94952 Real estate/property mgmt 216300 CENTRO NP METRO 580 SC LP PO Box 713538 Cincinnati OH 45271 Real estate/property mgmt 152186 Eight Davis LLC 1590 Drew Ave Ste 200 Davis CA 95618 Real estate/property mgmt 170399 23 0 Interest on loans to members 522130 97664654 97664654 0 0 Service charges 522130 12216712 12216712 0 0 Merchant card and the network fees 522130 15988006 15988006 0 0 Other Loan income 522130 13249964 13249964 0 0 Other non-interest income 522130 695878 695878 0 0 0 0 0 0 139815214 24347513 24347513 0 0 0 0 0 0 0 0 0 0 0 0 1413540 2979900 0 0 1413540 2979900 4393440 4393440 0 0 ATM non-member fees 522320 503674 0 503674 0 Insurance sales revenue 524298 1177454 0 1177454 0 Investment income 523999 3246933 0 3246933 0 0 0 0 0 4928061 173484228 168556167 4928061 0 0 0 0 0 6027007 0 29841442 2721465 6111346 2592547 348093 383036 137148 342182 1382176 5469361 3342733 7913200 835801 16579234 1888828 3981573 Provision for loan losses 14469000 Loan servicing expense 6830552 ATM and other processing expenses 4777119 2000890 117974733 0 0 0 23320551 28716209 24937438 22810555 1885855044 2039809170 1540211 1540324 27734402 20812909 10449601 6921493 1284559400 1231733240 295208542 459811985 26223209 25319176 59519567 55336382 3611613563 3871998534 26343837 40106270 3207824346 3401384344 3234168183 3441490614 X 0 0 0 0 377445380 430507920 377445380 430507920 3611613563 3871998534 X 55509495 0 0 0 0 -2446955 X 0 1 X 1 0 16600 0 0 16600 16600 1 CCUL - PAC 1200 K St Ste 1050 Sacramento CA 95814 942329967 12500 0 Jerry Hill for State Senate 330 TOWNSEND ST SAN FRANCISCO CA 94107 273845827 1000 0 SF Chamber of Commerce PAC 235 MONTGOMERY ST 12TH FL SAN FRANCISCO CA 94104 943106147 100 0 Raul Bocanegra for Assembly 1020 12TH ST STE 306 SACRAMENTO CA 95814 001330066 500 0 Mullin for Assembly 20 PARK RD STE E BURLINGAME CA 94010 001354035 1500 0 Abel Guillen for Assembly 5111 TELEGRAPH AVE 312 OAKLAND CA 94609 001338631 1000 0 SchC_P1A_S00_L01 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. 480734 0 480734 2150839 0 1482655 668184 6686621 0 4388219 2298402 18416208 0 14942035 3474173 0 0 0 0 6921493 0 0 Investment in CUSOs and FHLB 2997995 C Banks and Credit Unions 406712 C Corporate credit unions 456407278 C 459811985 0 Regular shares 763714450 Share drafts 746271436 Money market accounts 784650350 Certificates 129684764 IRA/Keough accounts 98583385 Other accounts 878479959 3401384344 X 173484228 0 0 0 0 0 173484228 0 0 0 173484228 117974733 0 0 0 0 0 117974733 0 0 0 117974733 SchD_P10_S00_L02 Schedule D, Part X, Line 2 Schedule D, Part X, Line 2 - FASB ASC Topic 740, Income Taxes, provides guidance on 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 Credit Union's tax returns to determined whether 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-than-likely-than-not threshold would be recorded as tax expense and liability in the current year. For the years ended December 31, 2012 and 2011, management has determined there are no material uncertain tax positions. X X 1 1 X 1 1 0 Peter Hanelt 0 0 0 0 4354 0 0 0 0 0 4354 0 John Rubino 0 0 0 0 1965 0 0 0 0 0 1965 0 Vickie Rath 0 0 0 0 0 0 0 0 0 0 0 0 Gene Bell 0 0 0 0 2649 0 0 0 0 0 2649 0 Colleen Cabey 0 0 0 0 2691 0 0 0 0 0 2691 0 Race Chen 0 0 0 0 3465 0 0 0 0 0 3465 0 Jeffrey Parks 0 0 0 0 1089 0 0 0 0 0 1089 0 Jesse Rivera 0 0 0 0 2264 0 0 0 0 0 2264 0 Tracey Scott 0 0 0 0 0 0 0 0 0 0 0 0 Garrick Zillgitt 0 0 0 0 0 0 0 0 0 0 0 0 Gerald Upson 0 0 0 0 3280 0 0 0 0 0 3280 0 Ken Burns 490000 0 198269 0 18893 0 39200 0 20129 0 766491 0 Scott Waite 240353 0 13000 0 16158 0 19228 0 21909 0 310648 0 LeeAnn Giblin 223500 0 12750 0 10208 0 17880 0 11715 0 276053 0 Barry Kane 222977 0 11186 0 22119 0 17838 0 6525 0 280645 0 Ron Felder 227917 0 14000 0 10601 0 18233 0 18615 0 289366 0 Ryan Misasi 167708 0 89942 0 9134 0 14302 0 21210 0 302296 0 Mark Hoaglin 110458 0 151654 0 3067 0 20421 0 12483 0 298083 0 Pansy Fong 162500 0 15313 0 10781 0 13000 0 6987 0 208581 0 Ed Cassady 187303 0 9927 0 17469 0 14984 0 12766 0 242449 0 Cory Schwab 172563 0 25245 0 12850 0 13805 0 7798 0 232261 0 Alison Jones 210000 0 11125 0 12841 0 16792 0 21835 0 272593 0 Rebecca Nicolay 164217 0 17344 0 10742 0 13137 0 2496 0 207936 0 Koji Fukumoto 143907 0 7627 0 15636 0 11513 0 18073 0 196756 0 Anthony Vitale 173625 0 7950 0 9091 0 5209 0 13454 0 209329 0 Gary Roberts 173077 0 13950 0 11250 0 13846 0 5268 0 217391 0 Vince Salinas 149583 0 7660 0 8365 0 11967 0 2428 0 180003 0 David Luu 139583 0 7155 0 5322 0 11167 0 18302 0 181529 0 Scott George 155463 0 15025 0 11371 0 12437 0 14132 0 208428 0 Leilani Apolonio 135828 0 11014 0 9925 0 10866 0 2394 0 170027 0 Carol Highton 0 0 0 0 153000 0 0 0 0 0 153000 0 Ramon Evangelista 33600 0 158694 0 0 0 14740 0 21190 0 228224 0 Jane Krueger 33600 0 216358 0 905 0 13964 0 6516 0 271343 0 Darryl Hall 33600 0 298481 0 1098 0 18262 0 18335 0 369776 0 Emmanuel Pablo 33600 0 329305 0 1970 0 28879 0 7028 0 400782 0 Hector Garza 33600 0 160142 0 775 0 15328 0 18823 0 228668 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Part I, Line 1a - Travel for companions benefit is provided to board members. This compensation is reportable and taxable. Health club dues benefit is offered to the senior management at EVP and SVP level, this benefit is reportable and taxable. Part II, Line 1 -11-Travel for companions benefit, Director-taxable compensation SchJ_P01_S00_L04 Schedule J, Part I, Line 4 Ken Burns, CEO, is a participant of the non-qualified supplemental executive retirement plan. Carol Highton, former SVP-Operations, received a settlement payment of $153,000. Ken Burns CEO Home loan X 712000 654887 0 1 1 Ken Burns CEO Home loan X 83926 81861 0 1 1 Leilani Apolonio VP Operations Home loan X 732000 705123 0 1 1 Scott George VP Information Systems Home loan X 105000 26341 0 1 1 Ryan Misasi EVP Retail Operations Home loan X 417000 416154 0 1 1 Scott Waite EVP CFO Home loan X 664000 636231 0 1 1 Barry Kane SVP Operations Home loan X 454000 441475 0 1 1 Anthony Vitale VP Information Technology Home loan X 688000 642400 0 1 1 Koji Fukumoto VP Internal Audit Home Loan X 240000 80388 0 1 1 Edwin Cassady VP Human Resources Home loan X 566400 495045 0 1 1 4179905 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 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 and retirees 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. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a Form 990, Part VI, Section B, Line 7b - Creit Union members elect Board of Directors with varied terms at an annual meeting held each year. F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b Form 990, Part VI, Section B, Line 7b - Creit Union members elect Board of Directors with varied terms at an annual meeting held each year. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b Form 990, Part VI, Section B, Line 11b - Form 990 is reviewed by the CFO and the chairman of the board before filing with IRS. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Form 990, Part VI, Section B, Line 12c - All employees and officials are subject to credit union conflict of interest policies - violations could be subject to disciplinary action. All in-house accounts held with the credit union are subject to internal review by credit union regulators. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Form 990, Part VI, Section B, Line 15 - All management positions have compensation approved by policies and guidelines approved by Board of Directors or CEO F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 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. F990_P11_S00_L09 Form 990, Part XI, Line 9 Form 990, Part XI, Line 5 - Patelco's audited financial statements show Accumulated Other Comprehensive Income of $3,396,338 for the year2012, and $5,843,293 for 2011, for a net difference of $(2,446,955). Patelcorp Service Organization 5050 Hopyard Rd Pleasanton CA 94588 943068709 Insurance and Investments CA N/A C 100 100 1 0 Members Advantage Plus 5050 Hopyard Rd Pleasanton CA 94588 943233988 Auto Buying Service CA N/A C 100 100 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 337800 Actual expense Members Advantage Plus m 381943 Actual revenue by related organization Patelcorp Service Organization q 364371 Actual expenses Patelcorp Service Organization o 153786 Cost allocation/actual payroll expense Patelcorp Service Organization n 8360 Depreciation - cost allocation Patelcorp Service Organization m 385072 Actual sales by related organization - revenue