Civic Intelligence

Coasthills Credit Union

990 • Fiscal year 2016 • EIN 95-2015359

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 08, 2017

3880 Constellation RoadLompoc, CA 93436

(805) 733-7625

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.91x

Higher debt load relative to assets than 77% of similar nonprofits.

2016 filings • 501(c)14 • $1B+ nonprofits • Source year 2016

Liabilities / Revenue

28th percentile

17.74x

Higher debt load relative to revenue than 28% of similar nonprofits.

2016 filings • 501(c)14 • $1B+ nonprofits • Source year 2016

Net Margin

52nd percentile

19%

Higher net margin than 52% of similar nonprofits.

2016 filings • 501(c)14 • $1B+ nonprofits • Source year 2016

Top Officer Pay

18th percentile

$522,409

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2016 filings • 501(c)14 • $1B+ nonprofits • Source year 2016

Asset Growth

63rd percentile

9.9%

Faster asset growth than 63% of similar nonprofits.

2016 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2015 to 2016

Revenue Growth

21st percentile

5.8%

Faster revenue growth than 21% of similar nonprofits.

2016 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,005,294,341

Up $90,944,754 (+9.9%) from 2015

Net Assets

Up

$90,144,232

Up $9,685,572 (+12%) from 2015

Liabilities

Up

$915,150,109

Up $81,259,182 (+9.7%) from 2015

Revenue

Up

$51,590,908

Up $2,816,539 (+5.8%) from 2015

Expenses

Up

$42,003,936

Up $2,487,520 (+6.3%) from 2015

Net Income

Up

$9,586,972

Up $329,019 (+3.6%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0B$1.5B$1.0B$500M$0Assets 2014: $789,538,843Liabilities 2014: $718,425,507Net Assets 2014: $71,113,3362014Assets 2015: $914,349,587Liabilities 2015: $833,890,927Net Assets 2015: $80,458,6602015Assets 2016: $1,005,294,341Liabilities 2016: $915,150,109Net Assets 2016: $90,144,2322016Assets 2017: $1,083,097,348Liabilities 2017: $984,818,896Net Assets 2017: $98,278,4522017Assets 2018: $1,158,529,417Liabilities 2018: $1,055,022,914Net Assets 2018: $103,506,5032018Assets 2019: $1,201,163,128Liabilities 2019: $1,090,006,490Net Assets 2019: $111,156,6382019Assets 2020: $1,370,734,730Liabilities 2020: $1,251,547,470Net Assets 2020: $119,187,2602020Assets 2021: $1,604,476,418Liabilities 2021: $1,477,601,475Net Assets 2021: $126,874,9432021Assets 2022: $1,828,708,068Liabilities 2022: $1,700,920,334Net Assets 2022: $127,787,7342022Assets 2023: $1,783,506,274Liabilities 2023: $1,652,452,034Net Assets 2023: $131,054,2402023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2016

Assets$1,005,294,341
Liabilities$915,150,109
Net Assets$90,144,232

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0-$50MRevenue 2014: $21,248,209Expenses 2014: $16,926,053Net Income 2014: $4,322,1562014Revenue 2015: $48,774,369Expenses 2015: $39,516,416Net Income 2015: $9,257,9532015Revenue 2016: $51,590,908Expenses 2016: $42,003,936Net Income 2016: $9,586,9722016Revenue 2017: $55,866,120Expenses 2017: $47,626,891Net Income 2017: $8,239,2292017Revenue 2018: $61,580,785Expenses 2018: $56,386,963Net Income 2018: $5,193,8222018Revenue 2019: $66,242,157Expenses 2019: $58,699,349Net Income 2019: $7,542,8082019Revenue 2020: $65,719,111Expenses 2020: $58,703,237Net Income 2020: $7,015,8742020Revenue 2021: $68,814,131Expenses 2021: $59,373,912Net Income 2021: $9,440,2192021Revenue 2022: $76,854,403Expenses 2022: $70,014,183Net Income 2022: $6,840,2202022Revenue 2023: $95,869,457Expenses 2023: $91,804,133Net Income 2023: $4,065,3242023Revenue 2024: $4,821,474Expenses 2024: $5,045,642Net Income 2024: -$224,1682024

Highlighted filing

2016

Revenue$51,590,908
Expenses$42,003,936
Net Income$9,586,972
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 8, 2017
Return Version
2016v3.0
Gross Receipts
$52,083,838
Mission and Program Overview

Mission

We see each day as an opportunity to serve our communities and make a difference in our neighbors' lives. Yes, that means making affordable car loans and helping people save money, but it's more than that. You'll see us out in the community, sleeves rolled up, getting things done. Lending our time, effort and financial support to the central coast is what we do. And we love it.

It is the mission of coasthills credit union to serve members with financial products and superior customer service to help them achieve their financial goals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$776,079,918$856,814,901▲ $80,734,983
Savings and Temporary Cash Investments$91,257,003$96,459,956▲ $5,202,953
Rtn Earn Endowment Incm Other Fnds$80,458,660$90,144,232▲ $9,685,572
Land, Buildings, and Equipment, Net$14,314,391$15,472,459▲ $1,158,068
Receivables From Officers Etc$11,420,594$12,366,272▲ $945,678
Investments Other Securities$4,463,069$5,050,344▲ $587,275
Cash and Non-Interest-Bearing Accounts$2,954,577$3,298,306▲ $343,729
Accounts Receivable$1,887,838$2,761,176▲ $873,338
Prepaid Expenses and Deferred Charges$1,734,309$1,611,024▼ $123,285
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$914,349,587$1,005,294,341▲ $90,944,754
Other Assets Total$10,237,888$11,459,903▲ $1,222,015
Liabilities
Other Liabilities$740,383,650$826,951,906▲ $86,568,256
Accounts Payable and Accrued Expenses$93,507,277$88,198,203▼ $5,309,074
Total Liabilities$833,890,927$915,150,109▲ $81,259,182
Net Assets / Fund Balance
Total Net Assets Fund Balance$80,458,660$90,144,232▲ $9,685,572
Total Liabilities and Net Assets / Fund Balance$914,349,587$1,005,294,341▲ $90,944,754

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,779,674$8,163,930$14,943,604
Equipment$3,174,310$10,526,506$13,700,816
Land$4,245,400-$4,245,400
Leasehold Improvements$1,273,075$978,927$2,252,002
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeffery C YorkCEO/presidentFT$420,000$102,409$522,409
Bruce a AltheideVP Wealth ManagementFT$31,583$274,221$305,804
David J UphamEvp/COOFT$220,988$46,118$267,106
Marty L ChathamSVP/CFOFT$209,511$48,589$258,100
Paul C CookSVP/CIOFT$198,630$40,755$239,385
Lisa Nissinen-harlowSVP Human ResourcesFT$156,929$31,371$188,300
Robert CovarrubiasSVP Business & Member RelationsFT$147,910$34,209$182,119
Scott D CoeSVP MarketingFT$151,489$30,139$181,628
Cathy CachuAvp Commercial LendingFT$110,435$69,485$179,920
Kevin W JohnsVP Retail SalesFT$125,139$30,189$155,328
Linda D Jarrett OlivarAvp Internal AuditFT$123,625$30,874$154,499
Michael L CarsonInformation Security OfficeFT$139,189$13,626$152,815
Suzanne M LeedaleVP Branch Operations & SupportFT$131,693$11,594$143,287
Arthur C Scheithaur JrTreasurer-$3,325-$3,325
William H AndersSecretary of the Board-$2,821-$2,821
Ricardo VelascoDirector-$1,589-$1,589
Kristopher L Andrews1st Vice Chairman-$1,587-$1,587
Hugh J RaffertyChairman-$1,289-$1,289
R Bruce Coggin2nd Vice Chairman-$1,010-$1,010
Roger C WeltDirector-$811-$811

Board Members and Trustees

NameTitle
Bernard E JonesDirector
David M RichardsonDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Specialty Construction INCConstruction & Remodeling Of Facilities645 CLARION COURT, San Luis Obispo, CA 93401$1,049,764
Ncr CorporationAtm/itm Equipment & Equipment Maintenanc14181 COLLECTIONS CENTER DRIVE, Chicago, IL 60693$741,763
Jack Henry & AssociatesErp And Core Processing System SoftwarePO BOX 609, Monett, MO 65708$599,149
Adapt Telephone ServicesTelephone Switching System Including Sof600 ENTERPRISE DRIVE STE 204, Oak Brook, IL 60523$409,756
Digital WestData Center Hosting & Connectivity3620 SACRAMENTO DRIVE 102, San Luis Obispo, CA 93401$380,695
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$50,322,765
Investment Income
$1,268,143
Other Revenue
$0
Change in Net Assets
$9,586,972
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,855,748
Salaries, Compensation, and Employee Benefits$16,578,459
Grants and Similar Amounts Paid$71,589
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$9,203,670
Benefits to Members---$4,498,140
Occupancy---$3,544,939
Current Officers, Directors, Trustees, and Key Employees---$2,943,132
Other Employee Benefits---$2,926,891
Office Expenses---$1,816,820
All Other Expenses---$1,775,834
Interest---$1,619,705
Depreciation Depletion---$1,525,369
Other Expenses---$1,381,574
Advertising---$1,087,561
Payroll Taxes---$937,404
Pension Plan Contributions---$567,362
Travel---$498,696
Fees for Services Management---$344,968
Fees for Services Accounting---$242,907
Fees for Services Legal---$58,535
Grants to Domestic Individuals---$37,500
Grants to Domestic Orgs---$34,089
Total Functional Expenses$0$0$0$42,003,936
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
CHILDREN'S MIRACLE NETWORK HOSPITALSSalt Lake City, UT501(c)3Charity$18,000
Elks Recreation IncSanta Maria, CA501(c)4Charity$9,589
Arroyo Grande Hospital FoundationArroyo Grande, CA501(c)3Charity$6,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$6,999
Total Exempt Function Spending$6,999

Section 527 Organizations

OrganizationLocationAmount
94-0357265Ontario, CA$5,999
27-4526965Sacramento, CA$1,000
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$11,420,594$12,366,272▲ $945,678
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Clearing and Member Accts$826,951,906
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

As a state chartered credit union, all depositors and borrowers are required to have a $5 basic share.

Form 990, Part VI, Section A, Line 7A

All holders of basic shares are allowed to vote in annual election for members of the board of directors and supervisory committee.

Form 990, Part VI, Section A, Line 7B

Matters concerning the allowed number of directors, ability of the membership to vote by mail, or dissolution of the credit union requires approval by the membership.

Form 990, Part VI, Section B, Line 11B

The return is available for members of the board of directors to review.

Form 990, Part VI, Section B, Line 12C

Loans to officers, directors, and key employees are reported quarterly to the ncua and aggregated by social security number.

Form 990, Part VI, Section B, Line 15

Coasthills credit union uses market data balancecomp along with data from cues to help set ceo compensation. Coasthills board of directors commissioned d. Hilton associates to conduct a separate study of ceo compensation. After discussions with balancecomp and d. Hilton associates, the board of directors makes a decision where to set ceo compensation based upon both performance and market factors. These decisions are recorded in the board executive committee minutes and confirmed by the entire board executive committee. For other officers and key employees, coasthills credit union uses a compensation matrix provided by balancecomp that incorporates market data.

Form 990, Part VI, Section C, Line 19

Copies of monthly financial statements are kept in each of our 11 branch locations and are available on request.

Filing and Contact Details

Filer

Filer Name
Coasthills Credit Union
EIN
95-2015359
Phone
8057337625
Address
3880 CONSTELLATION ROAD, LOMPOC, CA 93436

Signing Officer

Name
Marty Chatham
Title
CFO/SVP
Phone
8057337625
Signed
2017-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey C York
Formed
1958
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
276
Volunteers
17

Preparer

Firm
Cliftonlarsonallen Llp
Address
20 E THOMAS RD STE 2300, PHOENIX, AZ 85012
Preparer
Anne B Davison
Phone
6022662248
Supplemental Narrative

Additional Explanations

Form 990 Part XII, Line 2C

The supervisory committee assumes responsibility for the oversight of the audited financial statements. There has been no change in either the oversight process or the selection process.

Financial Statement Notes

PART X, LINE 2:

The credit union evaluated its tax positions and determined no uncertain positions exist as of december 31, 2016 and 2015.

Raw XML AppendixShowing 400 of 1,086 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0WE SEE EACH DAY AS AN OPPORTUNITY TO SERVE OUR COMMUNITIES AND MAKE A DIFFERENCE IN OUR NEIGHBORS' LIVES. YES, THAT MEANS MAKING AFFORDABLE CAR LOANS AND HELPING PEOPLE SAVE MONEY, BUT IT'S MORE THAN THAT. YOU'LL SEE US OUT IN THE COMMUNITY, SLEEVES ROLLED UP, GETTING THINGS DONE. LENDING OUR TIME, EFFORT AND FINANCIAL SUPPORT TO THE CENTRAL COAST IS WHAT WE DO. AND WE LOVE IT.
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