2011-08-26T13:59:52-07:00 2010-12-31 990 2010-01-01 940755684 PATELCO CREDIT UNION PATE 8003588228 5050 Hopyard Road Pleasanton CA 94588 Scott Waite 9254604605 2011-08-12 2010 2016-02-24 21:20:13Z X Ken Burns 5050 Hopyard Road Pleasanton CA 94588 188785895 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 11 501 17 3698626 0 0 0 188350247 159555261 35313774 25532008 2769868 3698626 226433889 188785895 0 0 0 0 36985295 39439399 0 0 0 204035460 124733046 241020755 164172445 -14586866 24613450 3711785033 3571214395 3369434058 3209519826 342350975 361694569 Patelco Credit Union provided members 1,566 Real Estate loans totalling $473,688,232 in 2010. Patelco Credit Union provided members 57,931 consumer loans totalling $545,024,980 in 2010. Patelco Credit Union offered loans, deposits and other services to 273,667 members in 2010. 0 0 0 0 0 Patelco Credit Union provided members 1,566 Real Estate Loans totaling $473,688,232 in 2010. 0 0 0 Patelco Credit Union provided members 57,931 Consumer loans totaling $545,024,980 in 2010. 0 0 0 Patelco Credit Union offered loans, deposits and other services to 273,667 members in 2010 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 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 501 1 1 1 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 CA X X Scott Waite Senior VP-CFO 9254604605 5050 Hopyard Road Pleasanton CA 94588 John Rubino 5 X 3785 0 0 Peter Hanelt 5 X 967 0 0 Colleen O'Grady Cabey 5 X 1144 0 0 Garrick Zillgitt 5 X 1034 0 0 Race Chen 5 X 1019 0 0 Vickie Rath 5 X 1085 0 0 Jesse Rivera 5 X 0 0 0 Tracey Scott 5 X 0 0 0 Jerry Upson 5 X 5144 0 0 Gene Bell 5 X 1159 0 0 Ken Burns 40 X X 516139 0 0 Scott Waite 40 X 259334 0 0 Carol Highton 40 X 255489 0 0 Barry Kane 40 X 228965 0 0 Alison Jones 40 X 234150 0 0 Pansy Fong 40 X 144171 0 0 Scott George 5 X 170976 0 0 Lani Apolonio 40 X 138477 0 0 Ed Cassady 40 X 218258 0 0 Rebecca Nicolay 40 X 171689 0 0 Koji Fukumoto 40 X 173989 0 0 Jennifer Ebert 40 X 154561 0 0 Ron Felder 40 X 256824 0 0 Mark Hoaglin 40 X 236514 0 0 Sandra Scott 40 X 135244 0 0 Ryan Misasi 40 X 158196 0 0 Corey Schwab 40 X 130180 0 0 Anthony Vitale 40 X 128688 0 0 Andrew Chunn 40 X 205774 0 0 Jane Krueger 40 X 203028 0 0 Darryl Hall 40 X 279673 0 0 Emmanuel Pablo 40 X 198301 0 0 Patricia Vallejo 40 X 177065 0 0 John Shields 40 X 207881 0 0 Joe Kleeman 40 X 137975 0 0 5136878 0 0 39 1 1 0 0 0 Interest on Loans to Members 522130 123774874 123774874 0 0 Service Charges-Other Income 522130 15079291 15079291 0 0 Interchange Income 522130 10191424 10191424 0 0 Other Loan Income 522130 2540870 2540870 0 0 Other Non Interest Income 522130 7968802 7968802 0 0 0 0 0 0 159555261 25532008 25532008 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ATM Non Member Fees 522130 369020 0 369020 0 Insurance Sales Income 522130 479602 0 479602 0 CFS Investment Revenue 522130 2850004 0 2850004 0 0 0 0 0 3698626 188785895 185087269 3698626 0 5136878 23931995 8129446 2241080 988383 1892337 9570232 3323789 6866125 642814 29826451 1856901 9150009 Provision for Loan Losses 57667000 Non Operating Income/Expense -10567811 Loan Servicing Expense 8798403 Association Dues 550588 Dept of Corporations Assessment 317223 3850602 164172445 0 0 0 26199060 17201602 0 0 29192931 24743092 0 0 2253501167 1937727266 0 2110262 1639696 33726738 21301288 19618509 12425450 948774340 1095764310 356901495 398992971 3026328 75487269 79693680 3711785033 3571214395 28221603 27793173 3341212455 3181726653 3369434058 3209519826 X 0 0 0 0 342350975 361694569 342350975 361694569 3711785033 3571214395 X 24613450 -5269856 X 0 1 1 X 0 33800 0 0 33800 33800 1 CCUL State PAC 1201 K Street Suite 1050 Sacramento CA 95814 942329967 19100 0 Capital Region State PAC 1201 K Street Suite 1050 Sacramento CA 95814 270005659 6600 0 Bay Area Cooperative PAC P O Box 193191 San Francisco CA 94119 743032874 6600 0 Re-Elect Mayor Chuck Reed 1898 The Alameda San Jose CA 95126 270848177 500 0 San Francisco Chapter CCUL P O Box 193191 San Francisco CA 94119 940357265 500 0 San Francisco Chamber of Commerce 235 Montgomery Street 12th Floor San Francisco CA 941043120 943106147 500 0 SchC_P1A_S00_L01 Schedule C, Part I-A, Line 1 Patelco Credit Union'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 1491614 1491614 0 9016155 2536673 6479482 0 4845220 3336004 1509216 0 18373749 15428611 2945138 0 0 0 0 12425450 0 0 CUSO-Other Investments 3948065 C Banks, Savings and Loans and Credit Unions 400856 C Corporate Credit Unions 394644050 C 398992971 0 Member Share Deposits 3181726653 3181726653 188785895 164172445 24613450 -62714 0 0 0 -3933840 -3996554 20616896 188785895 0 0 0 0 0 188785895 0 0 0 188785895 164172445 0 0 0 0 0 164172445 0 0 0 164172445 SchD_P10_S00_L02 Schedule D, Part X, Line 2 FASB Accounting Standards Codification Topic 740, Income Taxes, provides guidance for 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 the tax positions are "more likely than not" of being 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 years ended December 31, 2010 and December 31, 2009, management has determined that there are no material uncertain tax positions. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Part XI, Line 8, the net effect of a reclassification adjustment for unrealized gains ($4,570,492) on investments classified as available for sale included in the overall net gain for the year AND a combination of prior service cost $1,443,198 and a Net Loss of ($806,546) on the defined benefit plan X 1 1 X 0 0 0 John Rubino 0 0 0 0 3785 0 0 0 0 0 3785 0 0 0 Peter Hanelt 0 0 0 0 967 0 0 0 0 0 967 0 0 0 Garrick Zillgitt 0 0 0 0 1034 0 0 0 0 0 1034 0 0 0 Vickie Rath 0 0 0 0 1085 0 0 0 0 0 1085 0 0 0 Ken Burns 471250 0 0 0 44889 0 0 0 0 0 516139 0 0 0 Race Chen 0 0 0 0 1019 0 0 0 0 0 1019 0 0 Colleen O'Grady Cabey 0 0 0 0 1144 0 0 0 0 0 1144 0 0 Jesse Rivera 0 0 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 0 0 Jerry Upson 0 0 0 0 5144 0 0 0 0 0 5144 0 0 Gene Bell 0 0 0 0 1159 0 0 0 0 0 1159 0 0 0 Carol Highton 223496 0 0 0 31994 0 6705 0 0 0 262195 0 0 0 Scott Waite 226573 0 0 0 32761 0 6797 0 0 0 266131 0 0 0 Barry Kane 207717 0 0 0 21248 0 6232 0 0 0 235197 0 0 0 John Shields 187393 0 0 0 20488 0 5622 0 0 0 213503 0 0 0 Alison Jones 204725 0 0 0 29425 0 6142 0 0 0 240292 0 0 0 Pansy Fong 131944 0 0 0 12227 0 3958 0 0 0 148129 0 0 0 Scott George 149233 0 0 0 21743 0 4477 0 0 0 175453 0 0 0 Lani Apolonio 133686 0 0 0 4791 0 4011 0 0 0 142488 0 0 0 Ed Cassady 184348 0 8163 0 25746 0 2803 0 0 0 221060 0 0 0 Rebecca Nicolay 159371 0 0 0 12319 0 4781 0 0 0 176471 0 0 0 Koji Fukumoto 141636 0 0 0 32352 0 4249 0 0 0 178237 0 0 0 Jennifer Ebert 142575 0 0 0 11986 0 1835 0 0 0 156396 0 0 0 Ron Felder 225000 0 0 0 31824 0 1406 0 0 0 258230 0 0 0 Mark Hoaglin 110000 0 106771 0 19743 0 2035 0 0 0 238549 0 0 0 Joe Kleeman 116088 0 0 0 21887 0 3483 0 0 0 141458 0 0 0 Sandra Scott 125000 0 0 0 10244 0 156 0 0 0 135400 0 0 0 Ryan Misasi 110167 0 32121 0 15909 0 436 0 0 0 158633 0 0 0 Corey Schwab 124391 0 0 0 5789 0 0 0 0 0 130180 0 0 0 Anthony Vitale 108550 0 0 0 20138 0 3257 0 0 0 131945 0 0 0 Andrew Chunn 35446 0 153929 0 16399 0 5681 0 0 0 211455 0 0 0 Darryl Hall 33600 0 229120 0 16953 0 7881 0 0 0 287554 0 0 0 Jane Krueger 33600 0 163503 0 5925 0 3437 0 0 0 206465 0 0 0 Emmanuel Pablo 33600 0 157489 0 7212 0 5148 0 0 0 203449 0 0 0 Patricia Vallejo 36000 0 123729 0 17336 0 4792 0 0 0 181857 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Travel for companions benefit-Gene Bell, Director-taxable compensation. Travel for companions benefit-John Rubino, Director-taxable compensation Travel for companions benefit-Jerry Upson, Director-taxable compensation Travel for companions benefit-Colleen O'Grady Cabey, Director-taxable compensation Travel for companions benefit-Peter Hanelt, Director, taxable compensation Travel for companions benefit-Garrick Zillgitt, Director-taxable compensation Travel for companions benefit-Vickie Rath, Director-taxable compensation Travel for companions benefit-Race Chen, Director-taxable compensation F990_P04_S00_L06 Form 990, Part IV, Line 6 Section A-Questions 6-7b-Credit union members elect its Board of Directors with varied terms at an annual meeting held each year in April. F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 Patelco Credit Union is a full service state chartered credit union that provides a broad range of loan and deposit products and other financial services to its 273,667 members located throughout the US using various channels including branches, a call center and the internet. Credit union members are represented by electing a Board of Directors with varied terms at an annual meeting held each year in April. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a Patelco Credit Union is a full service state chartered credit union that provides a broad range of loan and deposit products and other financial services to its 273,667 members located throughout the US using various channels including branches, a call center and the internet. Credit union members elect its Board of Directors with varied terms at an annual meeting held each year in April. F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b Any proposed change to the credit unions charter such as a merger with another credit union is subject to a vote of the entire membership. F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a Form 990 is reviewed by the CFO and staff before filing with the 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 and by credit union 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. 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 CUs web site www.patelco.org. Governing documents are available to the membership upon request in writing. F990_P11_S00_L05 Form 990, Part XI, Line 5 Reconciliation of Net Assets-line 5 Other changes in net assets or fund balances. Patelco's audited financial statements change in Accumulated Other Comprehensive Income: 2009 Year end balance is $7,569,131; 2010 Year end balance is $2,299,273 for a net difference of ($5,269,857). 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 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 Patelcorp Service Organization a-iv 13246 Cost Allocation Patelcorp Service Organization n 159029 Actual payroll expenses Patelcorp Service Organization p 208281 Actual expenses paid by Patelco-Patelcorp then reimbursed Patelco for that amount. Members Advantage Plus p 218394