2012-11-15T16:42:02-07:00 2011-12-31 990 2011-01-01 940755684 PATELCO CREDIT UNION PATE 8003588228 5050 Hopyard Road Pleasanton CA 94588 Scott Waite 9254604605 2012-11-15 2011 2016-02-24 21:20:13Z Patelco Credit Union 5050 Hopyard Rd Pleasanton CA 94588 165618984 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. 10 10 683 15 4328908 4328908 0 0 159555261 136826775 25532008 24463301 3698626 4328908 188785895 165618984 0 0 0 0 39439399 42693268 0 0 0 124733046 110718925 164172445 153412193 24613450 12206791 3571214395 3611613563 3209519826 3234168183 361694569 377445380 Patelco Credit Union provided members 2,527 Real Estate loans totalling $551,419,569 in 2011. Patelco Credit Union provided members 53,521 consumer loans totalling $594,129,827 in 2011. Patelco Credit Union offered loans, deposits and other services to 273,661 members in 2011. 0 0 Patelco Credit Union provided members 2,527 Real Estate loans totalling $551,419,569 in 2011 Patelco Credit Union provided members 53,521 consumer loans totalling $594,129,827 in 2011. Patelco Credit Union offered loans, deposits and other services to 273,661 members in 2011. 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 1 683 1 1 1 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X Scott Waite EVP-CFO 9254604605 5050 Hopyard Road Pleasanton CA 94588 Peter Hanelt 5 X 5344 0 0 Garrick Zillgitt 5 X 1614 0 0 John Rubino 5 X 14276 0 0 Colleen Cabey 5 X 2624 0 0 Race Chen 5 X 5098 0 0 Vickie Rath 5 X 1918 0 0 Jesse Rivera 5 X 0 0 0 Tracey Scott 5 X 0 0 0 Gerald Upson 5 X 6122 0 0 Gene Bell 5 X 3147 0 0 Ken Burns 40 X 942864 0 0 Scott Waite 40 X 293440 0 0 Carol Highton 40 X X 293783 0 0 LeeAnn Giblin 40 X 255318 0 0 Gary Roberts 40 X 241461 0 0 Barry Kane 40 X 255728 0 0 Ron Felder 40 X 272827 0 0 Koji Fukumoto 40 X 185971 0 0 Mark Hoaglin 40 X 275484 0 0 Pansy Fong 40 X 177160 0 0 Ed Cassady 40 X 225490 0 0 Cory Schwab 40 X 195894 0 0 Alison Jones 40 X 252262 0 0 Rebecca Nicolay 40 X 189332 0 0 Scott George 40 X 173957 0 0 Ryan Misasi 40 X 281546 0 0 Anthony Vitale 40 X 187214 0 0 Nathaniel Burns 40 X 193764 0 0 Joseph Long 40 X 230570 0 0 Jane Krueger 40 X 200646 0 0 Darryl Hall 40 X 297459 0 0 Emmanuel Pablo 40 X 292382 0 0 Hector Garza 40 X 245629 0 0 6200324 0 0 47 1 1 0 Hacienda MD LLC PO Box 1420 Suisun City CA 94585 Real estate/property mgmt 1469562 Bluebone PC 1638 E San Antonio St San Jose CA 95116 PC equipment/services 216910 120 Second St Corporation 4412 Kastania Rd Petaluma CA 94952 Real estate/property mgmt 187378 156 Second Associates LLC 332 Pine St San Francisco CA 94104 Real estate/property mgmt 166838 Eight Davis LLC 1590 Drew Ave Ste 200 Davis CA 95618 Real estate/property mgmt 165115 19 0 Interest on loans to members 522130 103634340 103634340 0 0 Service charges 522130 12212938 12212938 0 0 Interchange income 522130 14910935 14910935 0 0 Other loan income 522130 4743366 4743366 0 0 Othere non-interest income 522130 1325196 1325196 0 0 0 0 0 0 136826775 24463301 24463301 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ATM non-member fees 522320 492610 0 492610 0 Insurance sales income 524298 980036 0 980036 0 CFS investment income 523999 2856262 0 2856262 0 0 0 0 0 4328908 165618984 161290076 4328908 0 4933638 27158643 3022044 5126652 2452291 267696 194377 686018 2062618 5563797 3801040 8008973 859250 20082387 2127129 8553764 Provision for loan losses 43168000 Loan servicing expense 7994700 ATM and other processing expenses 4578350 2770826 153412193 0 0 0 17201602 23320551 24743092 24937438 1937727266 1885855044 1639696 1540211 33216431 22766830 12425450 10449601 1095764310 1284559400 398992971 295208542 3026328 1813163 79693680 83929613 3571214395 3611613563 27793173 26343837 3181726653 3207824346 3209519826 3234168183 X 0 0 0 0 361694569 377445380 361694569 377445380 3571214395 3611613563 X 12206791 3544020 X 0 1 1 X 0 15302 0 0 15302 15302 1 CCUL State PAC 1201 K St Ste 1050 Sacramento CA 95814 942329967 12602 0 Padilla for Senate 1005 12th St Ste H Sacramento CA 95814 954755430 1000 0 Sprectrum FCU SF Chapter CCUL PO Box 193191 San Francisco CA 94119 940357265 1700 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 the credit unions. 1480734 0 1480734 4738885 0 2602251 2136634 6229336 0 3913568 2315768 20767476 0 16251011 4516465 0 0 0 0 10449601 Investment in CUSOs and FHLB 3504422 C Banks and credit unions 301897 C Corporate credit unions 291402223 C 295208542 0 Regular shares 641232143 Share drafts 677724961 Money market accounts 766339321 Certificates 904438828 IRA/Keogh accounts 135162830 Other accounts 82926263 3207824346 165618984 153412193 12206791 8619209 0 0 0 -4579851 4039358 16246149 165618984 0 0 0 0 0 165618984 0 0 0 165618984 153412193 0 0 0 0 0 153412193 0 0 0 153412193 SchD_P10_S00_L02 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 the Credit Union's tax returns to determine 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 a tax expense and liability in the current year. For the years ended December 31, 2011 and 2010, management has determined that there are no material uncertain tax positions. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Other comprehensive income: Reclassification adjustment for net realized gains on investment classified as available-for-sale for ($4,827,520) and adjustments for the defined benefit plan for $247,669. X 1 1 X 0 1 0 Peter Hanelt 0 0 0 0 5344 0 0 0 0 0 5344 0 Garrick Zillgitt 0 0 0 0 1614 0 0 0 0 0 1614 0 John Rubino 0 0 0 0 14276 0 0 0 0 0 14276 0 Vickie Rath 0 0 0 0 1918 0 0 0 0 0 1918 0 Gene Bell 0 0 0 0 3147 0 0 0 0 0 3147 0 Colleen Cabey 0 0 0 0 2624 0 0 0 0 0 2624 0 Race Chen 0 0 0 0 5098 0 0 0 0 0 5098 0 Jesse Rivera 0 0 0 0 0 0 0 0 0 0 0 0 Tracey Scott 0 0 0 0 0 0 0 0 0 0 0 0 Gerald Upson 0 0 0 0 6122 0 0 0 0 0 6122 0 Ken Burns 490000 0 405987 0 46877 0 3063 0 0 0 945927 0 Scott Waite 230204 0 16993 0 46243 0 6906 0 0 0 300346 0 Carol Highton 231836 0 22349 0 39598 0 6955 0 0 0 300738 0 LeeAnn Giblin 223500 0 540 0 31278 0 1676 0 0 0 256994 0 Gary Roberts 224279 0 10440 0 6742 0 0 0 0 0 241461 0 Barry Kane 211047 0 18695 0 25986 0 6331 0 0 0 262059 0 Ron Felder 225000 0 13500 0 34327 0 6750 0 0 0 279577 0 Koji Fukumoto 143907 0 8498 0 33566 0 4317 0 0 0 190288 0 Mark Hoaglin 110000 0 139705 0 25779 0 7392 0 0 0 282876 0 Pansy Fong 151835 0 9896 0 15430 0 4555 0 0 0 181716 0 Ed Cassady 187303 0 8919 0 29267 0 5619 0 0 0 231108 0 Cory Schwab 165000 0 12439 0 18455 0 4950 0 0 0 200844 0 Alison Jones 209900 0 6142 0 36221 0 6297 0 0 0 258560 0 Rebecca Nicolay 161925 0 12156 0 15251 0 4858 0 0 0 194190 0 Scott George 151625 0 4477 0 17855 0 4549 0 0 0 178506 0 Ryan Misasi 137083 0 114721 0 29742 0 4922 0 0 0 286468 0 Anthony Vitale 150000 0 8256 0 28957 0 625 0 0 0 187838 0 Nathaniel Burns 94091 0 73803 0 25871 0 2823 0 0 0 196588 0 Joseph Long 33600 0 172395 0 24575 0 6150 0 0 0 236720 0 Jane Krueger 33600 0 159347 0 7700 0 3366 0 0 0 204013 0 Darryl Hall 33600 0 244970 0 18889 0 8325 0 0 0 305784 0 Emmanuel Pablo 33600 0 249000 0 9782 0 8443 0 0 0 300825 0 Hector Garza 33600 0 195876 0 16153 0 0 0 0 0 245629 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Travel for companions benefit for all directors, taxable compensation SchJ_P01_S00_L04 Schedule J, Part I, Line 4 CEO is a participant in the non-qualified supplemental executive retirement plan. Ken Burns Home loan X 712000 671405 0 1 1 Ken Burns Home loan X 89000 83926 0 1 1 755331 F990_P06_S0A_L06 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 specified group of cities in Northern California. The field of membership is defined in the Credit Union's bylaws. F990_P06_S0A_L07a 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. F990_P06_S0A_L07b 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. F990_P06_S0B_L11b 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 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 and regulators. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 All management positions have compensation approved by policies and guidelines approved by the Board of Directors or CEO F990_P06_S0C_L19 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_L05 Form 990, Part XI, Line 5 Patelco's audited financial statements show Accumulated Other Comprehensive Income of $5,843,293 for the year ended 2011 and $2,299,273 for the year ended 2010, for a net difference of $3,544,020. Patelcorp Service Organization 156 2nd Street San Francisco CA 94105 943068709 Insurance and Investments CA N/A C 1 Members Advantage Plus 156 2nd Street San Francisco CA 94105 943233988 Auto Buying Service CA N/A C 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 Patelcorp Service Organization p 189355 Actual expense Patelcorp Service Organization m 7180 cost allocation Patelcorp Service Organization n 222322 Actual payroll expense Members Advantage Plus p 271021 Actual expense