2012-11-05T13:12:22-06:00 2011-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2011-01-01 951185803 CALIFORNIA COAST CREDIT UNION CALI 8774951600 PO BOX 502080 SAN DIEGO CA 921502080 KENNETH HORTON 8774951600 2012-10-29 1 P01054153 8189549700 2011 2016-03-07 17:11:31Z MARLA SHEPARD PO BOX 502080 SAN DIEGO CA 921502080 82956438 0 X WWW.CALCOASTCU.ORG X CREDIT UNION 1929 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 10 10 507 17 0 0 0 0 88580562 76761832 6277604 5508241 0 666388 94858166 82936461 0 0 0 0 25209187 25220736 0 0 0 61808825 51931643 87018012 77152379 7840154 5784082 1615539608 1633208038 1459436999 1471437630 156102609 161770408 X CALIFORNIA COAST CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVING 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 CONDITIONS. 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. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 34865 0 1 507 1 0 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 KENNETH HORTON 8774951600 PO BOX 502080 SAN DIEGO CA 921502080 ROBERT T ALTMAN 4.00 X 0 0 0 FRED MEHLICK 4.00 X 0 0 0 STEVE MCMAHON 4.00 X 0 0 0 GARY ATKINSON 4.00 X 0 0 0 RICHARD J KNOTT 2.00 X 0 0 0 TOM ERICKSON 2.00 X 0 0 0 BRUCE HUSSON 2.00 X 0 0 0 ROBERT J MICHAELS 2.00 X 0 0 0 DR BARBARA K BROOKS 2.00 X 0 0 0 KERRY FLANAGAN 2.00 X 0 0 0 MARY JEAN DEL CAMPO 2.00 X 0 0 0 BEVERLY LYTTON 2.00 X 0 0 0 KATHY MA 2.00 X 0 0 0 PEGGY CRANE 2.00 X 0 0 0 JOSEPH HITT 2.00 X 0 0 0 ROSS WHITE 2.00 X 0 0 0 JAY SHEPARD 2.00 X 0 0 0 MARLA SHEPARD 40.00 X 1864669 0 24620 KATHERINE CADY 40.00 X 265166 0 19113 TODD LANE 40.00 X 234263 0 6072 MITZI ZARCONE 40.00 X 179791 0 9680 ROBERT M MILLER 40.00 X 170219 0 9351 KEVIN LANDEL 40.00 X 166932 0 19092 DARLEEN WILKINS 40.00 X 163794 0 11485 LORI J DURAN 40.00 X 162471 0 8350 SUSAN A WHITELEY 40.00 X 161885 0 19811 RENE MCKEE 40.00 X 158071 0 9269 KENNETH HORTON 40.00 X 142204 0 19908 ARTHUR J METRAS 40.00 X 142061 0 8462 MARTIN M DOYLE 40.00 X 115722 0 8032 3927248 0 173245 18 0 1 0 THE MEMBERS GROUP PO BOX 10409 DES MOINES IA 10409 PLASTIC CARD SERVICES 1817586 CU COOPERATIVE SYSTEM INC 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 PLASTIC CARD NETWORK, CONNECTION SERVICE 1239971 FISERV SOLUTIONS INC 75 REMITTANCE DRIVE CHICAGO IL 60675 MEMBER STATEMENT PROCESSING SERVICE 909406 JACK HENRY & ASSOCIATES INC PO BOX 503328 ST LOUIS MO 63150 IT SERVICES 635178 PSCU FINANCIALS SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 HOME BANKING SERVICES 549105 38 INTEREST ON LOANS 522100 57790964 57790964 OTHER INCOME 522100 10477045 10477045 FEE INCOME 522100 8493823 8493823 76761832 5516418 5516418 11800 19977 -8177 -8177 -8177 OTHER NON-OPERATING IN 522100 666388 666388 666388 82936461 82936461 0 0 3927248 17431942 519524 1609592 1732430 219021 102485 5471968 1683041 4224453 2034359 3854112 305683 7633551 3107493 3553052 PROV. FOR LOAN LOSSES 18273089 LOAN SERVICING EXPENSE 870829 LOSS ON INVESTMENT 234873 MISC OPERATING EXPENSE 225237 138397 77152379 11238871 13338638 56211520 85360558 2015395 2052114 64737202 29853594 37093159 34883608 419302883 527066659 1069914216 945488447 3695529 3260319 16068035 21757695 1615539608 1633208038 16057503 13331729 1443379496 1458105901 1459436999 1471437630 X 0 0 0 0 156102609 161770408 156102609 161770408 1615539608 1633208038 X 5784082 -116283 X X 0 1 1 X 0 2600 2600 2600 1 DAVID BAUER 2150 RIVER PLAZA DR 150 SACRAMENTO CA 95833 263457749 2600 13138736 13138736 29374822 12664185 16710637 6156806 4388115 1768691 16066838 12801294 3265544 34883608 DEPOSITS IN COMMERCIAL BANKS 17735999 F ALL OTHER INVESTMENTS 11876507 F LOANS AND LEASES 898908120 F LOANS HELD FOR SALE 2755613 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 14212208 F 945488447 MEMBER SHARE DEPOSITS 1446105901 TOTAL BORROWINGS 12000000 1458105901 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ASC 740-10-65 (FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AN INTERPRETATION OF SFAS NO. 109) WAS ISSUED TO CREATE A SINGLE MODEL TO ADDRESS ACCOUNTING UNCERTAINTY IN TAX POSITIONS. THIS STANDARD CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING A MINIMUM RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THIS STANDARD ALSO PROVIDES GUIDANCE ON MEASUREMENT, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE CREDIT UNION ADOPTED THIS STANDARD ON JANUARY 1, 2009. AS A RESULT OF THE IMPLEMENTATION OF THIS STANDARD, THE CREDIT UNION DID NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. 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. X X X 0 1 0 MARLA SHEPARD 429413 0 26445 0 1408811 0 8250 0 16370 0 1889289 0 0 0 KATHERINE CADY 237702 0 23071 0 4393 0 6131 0 12982 0 284279 0 0 0 TODD LANE 213909 0 19688 0 666 0 5169 0 903 0 240335 0 0 0 MITZI ZARCONE 165826 0 13203 0 762 0 3913 0 5767 0 189471 0 0 0 ROBERT M MILLER 153633 0 16134 0 452 0 3849 0 5502 0 179570 0 0 0 KEVIN LANDEL 151731 0 14466 0 735 0 3991 0 15101 0 186024 0 0 0 DARLEEN WILKINS 146929 0 15610 0 1255 0 0 0 11485 0 175279 0 0 0 LORI J DURAN 147491 0 13731 0 1249 0 0 0 8350 0 170821 0 0 0 SUSAN A WHITELEY 146121 0 13789 0 1975 0 3715 0 16096 0 181696 0 0 0 RENE MCKEE 143430 0 14020 0 621 0 3469 0 5800 0 167340 0 0 0 KENNETH HORTON 128375 0 13232 0 597 0 3457 0 16451 0 162112 0 0 0 ARTHUR J METRAS 127923 0 12595 0 1543 0 3078 0 5384 0 150523 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 PARTICIPANT IN THE PLAN. SYMITAR SUBSIDIARY OF JACK HENRY C MARLA SHEPARD, CEO OF CCCU, IS ALSO A BOARD MEMBER OF SYMITAR. 635178 PROVIDER OF CCCU'S CORE SYSTEM 0 MOORE BREWER JONES TYLER - LAW FIRM HUSBAND OF MARLA SHEPARD, CEO OF CCCU, IS A PRINCIPAL AT THIS LAW FIRM. 216440 LEGAL FEES 0 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 11 THE FORM 990 WAS PROVIDED TO AND REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS PRIOR TO 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 APPROVED 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -116,283. 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 150056 1023113 CALIFORNIA COAST CREDIT UNION