2011-11-15T13:07:43-06:00 2010-12-31 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2010-01-01 951185803 CALIFORNIA COAST CREDIT UNION CALI 8774951600 PO BOX 502080 SAN DIEGO CA 921502080 KENNETH HORTON 8774951600 2011-11-14 1 8189549700 2010 2016-03-07 17:11:31Z MARLA SHEPARD PO BOX 502080 SAN DIEGO CA 921502080 95759838 0 X WWW.CALCOASTCU.ORG X CREDIT UNION 1929 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 498 15 0 0 0 0 115358432 88580562 7671594 6277604 0 0 123030026 94858166 0 0 0 0 25783971 25209187 0 0 0 93940819 61808825 119724790 87018012 3305236 7840154 1824029809 1615539608 1676304118 1459436999 147725691 156102609 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 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 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 39481 0 1 498 1 0 0 0 0 0 0 X 9 9 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 GARY ATKINSON 4.00 X 0 0 0 DR ROBERT ALTMAN 4.00 X 0 0 0 FRED MEHLICK 4.00 X 0 0 0 DR BARBARA BROOKS 4.00 X 0 0 0 ROBERT MICHAELS 2.00 X 0 0 0 RICHARD KNOTT 2.00 X 0 0 0 TOM ERICKSON 2.00 X 0 0 0 BRUCE HUSSON 2.00 X 0 0 0 STEVE MCMAHON 2.00 X 0 0 0 ROSS WHITE 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 MARLA SHEPARD 40.00 X 428027 0 25401 KATHY CADY 40.00 X 229508 0 20311 TODD LANE 40.00 X 210284 0 5139 RICHARD C YUEN 40.00 X 183443 0 14293 MITZI G ZARCONE 40.00 X 152051 0 9724 KEVIN LANDEL 40.00 X 148996 0 19471 DARLEEN WILKINS 40.00 X 146641 0 13189 LORI DURAN 40.00 X 140952 0 7963 ROBERT M MILLER 40.00 X 147420 0 13510 KENNETH HORTON 40.00 X 123393 0 21417 RENE MCKEE 40.00 X 140849 0 8214 SUSAN A WHITELEY 40.00 X 144858 0 21847 2196422 0 180479 12 0 1 0 THE MEMBERS GROUP PO BOX 10409 DES MOINES IA 10409 PLASTIC CARD SERVICES 1091540 FISERV SOLUTIONS INC 75 REMITTANCE DRIVE CHICAGO IL 60675 MEMBER STATEMENT PROCESSING SERVICE 1077881 CU COOPERATIVE SYSTEM INC 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 PLASTIC CARD NETWORK, CONNECTION SERVICE 994187 JACK HENRY & ASSOCIATES INC PO BOX 503328 ST LOUIS MO 63150 IT SERVICES 777490 PSCU FINANCIALS SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 HOME BANKING SERVICES 498590 34 LOANS 522100 68552733 68552733 OTHER INCOME 522100 10524778 10524778 FEE INCOME 522100 9503051 9503051 88580562 6162314 6162314 1016962 901672 115290 115290 115290 94858166 94858166 0 0 2196422 19765158 212408 1378835 1656364 171527 87383 5064195 967499 4457236 3010112 4462463 11742311 2390109 3714755 PROVISION FOR LOAN LOSS 24258050 LOAN SERVICING 724474 MISC. EXPENSE 386787 TRAVEL AND CONFERENCE 231596 EXAMINATION FEES 140328 87018012 11768501 11238871 68028088 56211520 77624866 40531707 38835151 37093159 123136481 419302883 1546840746 1055651421 4214972 3695529 31205870 32346225 1824029809 1615539608 16204220 16057503 1660099898 1443379496 1676304118 1459436999 X 0 0 0 0 147725691 156102609 147725691 156102609 1824029809 1615539608 X 7840154 536764 X X 0 1 1 X 0 4400 DAVID BAUERFED PAC 2150 RIVER PLAZA DR 150 SACRAMENTO CA 95833 263457749 2400 MARY SALAS - FOR STATE SENATE PAC PO BOX 120266 CHULA VISTA CA 91912 263960915 500 SAN DIEGO CREDIT UNION PAC PO BOX 85833 SAN DIEGO CA 921865833 743032876 1500 13138736 13138736 29298824 11622582 17676242 6165464 3790355 2375109 29021842 25118770 3903072 37093159 DEPOSITS IN BANKS, S&LS, SAVINGS BANKS 116833 C ALL OTHER INVESTMENTS ON CORPORATE CU 15000000 C OTHER INVESTMENTS 17744458 C LOANS AND LEASES 1022461998 C LOANS HELD FOR SALE 328132 C 1055651421 MEMBER SHARE DEPOSITS 1431379496 BORROWINGS 12000000 1443379496 X X X 0 1 0 MARLA SHEPARD 379782 0 0 0 48245 0 6663 0 18738 0 453428 0 0 0 KATHY CADY 208009 0 0 0 21499 0 4787 0 15524 0 249819 0 0 0 TODD LANE 193154 0 0 0 17130 0 4265 0 874 0 215423 0 0 0 RICHARD C YUEN 95489 0 50000 0 37954 0 2777 0 11516 0 197736 0 0 0 MITZI G ZARCONE 136042 0 0 0 16009 0 3046 0 6678 0 161775 0 0 0 KEVIN LANDEL 132046 0 0 0 16950 0 3166 0 16305 0 168467 0 0 0 DARLEEN WILKINS 145423 0 0 0 1218 0 0 0 13189 0 159830 0 0 0 ROBERT M MILLER 139610 0 0 0 7810 0 2992 0 10518 0 160930 0 0 0 SUSAN A WHITELEY 131287 0 0 0 13571 0 2983 0 18864 0 166705 0 0 0 MARLA SHEPARD BOARD MEMBER THE AMOUNT OF TRANSACTION IS BELOW THE REPORTING THRESHOLD. 0 MARLA SHEPARD HUSBAND OF MARLA SHEPARD IS A PRINCIPAL AT CREDIT UNION'S LEGAL FIRM. 163564 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 MANAGEMENT AND OPERATIONAL DECISIONS ARE MADE BY THE OFFICERS OF CALIFORNIA COAST CREDIT UNION. HOWEVER, PLANNING, OVERSIGHT AND GOVERNANCE ARE MADE PRIMARILY THROUGH THE GOVERNING BOARD. THE MERGER BETWEEN CALIFORNIA COAST AND FINANCIAL 21 CREDIT UNION WAS SUBJECT TO APPROVAL BY THE NCUA, DFI AND THE STATE OF CALIFORNIA. 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 GAINS ON INVESTMENTS: 536,764. CY TRANSFER TO REGULAR RESERVES FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR DESCRIPTION OF EXEMPT FUNCTIONS: FORM 990, PART V, LINE 3A CALIFORNIA COAST CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND WELFARE OF ITS MEMBERS WITH ALL ITS EARNINGS, SAVINGS, BENEFITS, OR SERVICES DISTRIBUTED TO ITS MEMBERS AS PATRONS. THE CREDIT UNION MAINTAINS THAT ALL ITS OPERATIONS ARE CARRIED OUT ACCORDING TO ITS EXEMPT PURPOSES AS SATUTORILY PROVIDED UNDER IRC SECTION 501(C)(14). CALIFORNIA COAST FINANCIAL SERVICES LLC 9201 SPECTRUM CENTER BLVD SAN DIEGO CA 92123 330986534 INVESTMENTS CA 131133 874847 CALIFORNIA COAST CREDIT UNION