Civic Intelligence

Coasthills Credit Union

990 • Fiscal year 2017 • EIN 95-2015359

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

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

80th percentile

0.91x

Higher debt load relative to assets than 80% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Source year 2017

Liabilities / Revenue

32nd percentile

17.63x

Higher debt load relative to revenue than 32% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Source year 2017

Net Margin

34th percentile

15%

Higher net margin than 34% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Source year 2017

Top Officer Pay

24th percentile

$583,523

Higher top officer pay than 24% of similar nonprofits.

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

2017 filings • 501(c)14 • $1B+ nonprofits • Source year 2017

Asset Growth

54th percentile

7.7%

Faster asset growth than 54% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2016 to 2017

Revenue Growth

32nd percentile

8.3%

Faster revenue growth than 32% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,083,097,348

Up $77,803,007 (+7.7%) from 2016

Net Assets

Up

$98,278,452

Up $8,134,220 (+9.0%) from 2016

Liabilities

Up

$984,818,896

Up $69,668,787 (+7.6%) from 2016

Revenue

Up

$55,866,120

Up $4,275,212 (+8.3%) from 2016

Expenses

Up

$47,626,891

Up $5,622,955 (+13%) from 2016

Net Income

Down

$8,239,229

Down $1,347,743 (-14%) from 2016

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

2017

Assets$1,083,097,348
Liabilities$984,818,896
Net Assets$98,278,452

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

2017

Revenue$55,866,120
Expenses$47,626,891
Net Income$8,239,229
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$81,172,900
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.

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$856,814,901$953,062,228▲ $96,247,327
Rtn Earn Endowment Incm Other Fnds$90,144,232$98,278,452▲ $8,134,220
Savings and Temporary Cash Investments$57,344,319$32,966,031▼ $24,378,288
Investments in Publicly Traded Securities$34,342,501$29,106,955▼ $5,235,546
Land, Buildings, and Equipment, Net$15,472,459$22,934,930▲ $7,462,471
Receivables From Officers Etc$12,366,272$12,593,690▲ $227,418
Cash and Non-Interest-Bearing Accounts$8,071,469$10,910,603▲ $2,839,134
Investments Other Securities$3,651,100$3,651,100→ $0
Accounts Receivable$2,794,065$1,881,018▼ $913,047
Prepaid Expenses and Deferred Charges$1,611,024$1,616,618▲ $5,594
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,005,294,341$1,083,097,348▲ $77,803,007
Other Assets Total$12,826,231$14,374,175▲ $1,547,944
Liabilities
Other Liabilities$827,822,614$890,028,516▲ $62,205,902
Mortgage Notes Payable Secured by Investment Property$79,500,000$86,500,000▲ $7,000,000
Accounts Payable and Accrued Expenses$7,827,495$8,290,380▲ $462,885
Total Liabilities$915,150,109$984,818,896▲ $69,668,787
Net Assets / Fund Balance
Total Net Assets Fund Balance$90,144,232$98,278,452▲ $8,134,220
Total Liabilities and Net Assets / Fund Balance$1,005,294,341$1,083,097,348▲ $77,803,007

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,436,938$8,558,474$22,995,412
Equipment$2,750,329$10,176,823$12,927,152
Land$4,245,399-$4,245,399
Leasehold Improvements$1,502,264$988,166$2,490,430
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeffery C YorkCEO/presidentFT$438,577$144,946$583,523
David J UphamEvp/COOFT$237,100$57,829$294,929
Bruce a AltheideVP Wealth ManagementFT$31,343$260,108$291,451
Marty L ChathamSVP/CFOFT$221,130$64,875$286,005
Paul C CookSVP/CIOFT$206,906$65,407$272,313
Robert CovarrubiasSVP Business & Member RelationsFT$169,073$44,769$213,842
Lisa Nissinen-harlowSVP Human ResourcesFT$165,909$45,740$211,649
Scott D CoeSVP MarketingFT$163,341$43,673$207,014
James LedfordVP Consumer LendingFT$138,806$51,127$189,933
Anne Milne-ramponeConsumer Loan Business Dev OfficerFT$21,432$152,779$174,211
Linda D Jarrett OlivarAvp Internal AuditFT$128,952$35,153$164,105
Cathy CachuAvp Commercial LendingFT$116,680$46,663$163,343
Michael L CarsonInformation Security OfficerFT$142,623$15,380$158,003
Suzanne M LeedaleVP Branch Operations & SupportFT$133,004$24,350$157,354
William H AndersSecretary-$2,750-$2,750
Bernard E JonesDirector-$2,720-$2,720
R Bruce CogginDirector-$2,138-$2,138
David M RichardsonDirector-$1,971-$1,971
Kristopher L Andrews1st Vice Chairman-$1,917-$1,917
Arthur C Scheithaur JrTreasurer-$1,912-$1,912
Hugh J RaffertyChairman-$1,820-$1,820

Board Members and Trustees

NameTitle
Kathleen GriffithDirector
Ricardo VelascoDirector (left 12/17)
Roger C WeltDirector (left 3/17)

Highest Paid Contractors

ContractorServicesLocationCompensation
Specialty Construction INCConstruction & Remodeling Of Facilities645 CLARION COURT, San Luis Obispo, CA 93401$6,831,790
Jack Henry & AssociatesErp And Core Processing System SoftwarePO BOX 609, Monett, MO 65708$629,651
Digital WestData Center Hosting & Connectivity3620 SACRAMENTO DRIVE 102, San Luis Obispo, CA 93401$505,417
MicrosoftProductivity Software Service1950 N STEMMONS FWY STE 5010, Dallas, TX 75207$377,613
Ncr CorporationAtm/itm Equipment & Equipment Maintenanc14181 COLLECTIONS CENTER DRIVE, Chicago, IL 60693$368,423
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$52,026,719
Investment Income
$1,495,141
Other Revenue
$2,344,260
Change in Net Assets
$8,239,229

Audited Revenue Reconciliation

Revenue per Audited Statements
$55,866,120
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$55,866,120
Total Revenue per Form 990
$55,866,120
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,600,208
Salaries, Compensation, and Employee Benefits$18,338,362
Grants and Similar Amounts Paid$102,069
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$10,931,614
Benefits to Members---$5,586,252
Office Expenses---$3,544,338
Other Employee Benefits---$3,123,114
Current Officers, Directors, Trustees, and Key Employees---$2,565,887
All Other Expenses---$2,318,872
Occupancy---$2,125,790
Fees for Services Other---$1,567,676
Interest---$1,562,809
Depreciation Depletion---$1,333,271
Advertising---$1,115,673
Payroll Taxes---$1,024,734
Other Expenses---$760,199
Pension Plan Contributions---$693,013
Travel---$527,377
Fees for Services Accounting---$287,981
Fees for Services Legal---$85,872
Grants to Domestic Orgs---$56,569
Grants to Domestic Individuals---$45,500
Total Functional Expenses$0$0$0$47,626,891

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$47,626,891
Total Expenses per Audited Statements$47,626,891
Total Expenses per Form 990$47,626,891
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
National Credit Union FoundationMadison, WI501(c)3Charity$16,000
CHILDREN'S MIRACLE NETWORK HOSPITALSSalt Lake City, UT501(c)3Charity$15,500
California International AirshowSalinas, CA501(c)3Charity$10,000
Elks Recreation IncSanta Maria, CA501(c)4Charity$8,569
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$6,480
Total Exempt Function Spending$6,480

Section 527 Organizations

OrganizationLocationAmount
94-0357265Ontario, CA$6,480
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$12,366,272$12,593,690▲ $227,418
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBERS' SHARE AND SAVINGS ACCOUNTS$888,940,005
Deferred Compensation Liability$1,088,511
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The field of membership shall be limited to those having the following common bond: individuals who live, regularly work, currently attend school or currently worship within the counties of santa cruz, monterey, san luis obispo, santa barbara and ventura, california, as well as any and all businesses, corporations, and other legal entities located within the counties of santa cruz, monterey, san luis obispo, santa barbara and ventura, california.

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 prior to filing.

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
Chief Financial Officer
Phone
8057337625
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul C Cook
Formed
1958
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
292
Volunteers
17

Preparer

Firm
Cliftonlarsonallen Llp
Address
20 E THOMAS RD STE 2300, PHOENIX, AZ 85012
Preparer
Mary C Green
Phone
6022662248
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The credit union evaluated its tax positions and determined no uncertain positions exist as of december 31, 2017 and 2016.

Raw XML AppendixShowing 400 of 1,193 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/ActivityOrMissionDesc0SERVE MEMBERS WITH FINANCIAL PRODUCTS AND SUPERIOR CUSTOMER SERVICE TO HELP THEM ACHIEVE THEIR FINANCIAL GOALS.
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IRS990/Form990PartVIISectionAGrp/PersonNm0HUGH J RAFFERTY
IRS990/Form990PartVIISectionAGrp/PersonNm1KRISTOPHER L ANDREWS
IRS990/Form990PartVIISectionAGrp/PersonNm2WILLIAM H ANDERS
IRS990/Form990PartVIISectionAGrp/PersonNm3ARTHUR C SCHEITHAUR JR
IRS990/Form990PartVIISectionAGrp/PersonNm4ROGER C WELT
IRS990/Form990PartVIISectionAGrp/PersonNm5BERNARD E JONES
IRS990/Form990PartVIISectionAGrp/PersonNm6DAVID M RICHARDSON
IRS990/Form990PartVIISectionAGrp/PersonNm7RICARDO VELASCO
IRS990/Form990PartVIISectionAGrp/PersonNm8R BRUCE COGGIN
IRS990/Form990PartVIISectionAGrp/PersonNm9KATHLEEN GRIFFITH
IRS990/Form990PartVIISectionAGrp/PersonNm10JEFFERY C YORK
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IRS990/Form990PartVIISectionAGrp/PersonNm12MARTY L CHATHAM
IRS990/Form990PartVIISectionAGrp/PersonNm13BRUCE A ALTHEIDE
IRS990/Form990PartVIISectionAGrp/PersonNm14PAUL C COOK
IRS990/Form990PartVIISectionAGrp/PersonNm15LISA NISSINEN-HARLOW
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IRS990/Form990PartVIISectionAGrp/PersonNm17ROBERT COVARRUBIAS
IRS990/Form990PartVIISectionAGrp/PersonNm18JAMES LEDFORD
IRS990/Form990PartVIISectionAGrp/PersonNm19CATHY CACHU
IRS990/Form990PartVIISectionAGrp/PersonNm20MICHAEL L CARSON
IRS990/Form990PartVIISectionAGrp/PersonNm21LINDA D JARRETT OLIVAR
IRS990/Form990PartVIISectionAGrp/PersonNm22SUZANNE M LEEDALE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt11ST VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR (LEFT 3/17)
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt11EVP/COO
IRS990/Form990PartVIISectionAGrp/TitleTxt12SVP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP WEALTH MANAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14SVP/CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt15SVP HUMAN RESOURCES
IRS990/Form990PartVIISectionAGrp/TitleTxt16SVP MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt17SVP BUSINESS & MEMBER RELATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP CONSUMER LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt19AVP COMMERCIAL LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt20INFORMATION SECURITY OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt21AVP INTERNAL AUDIT
IRS990/Form990PartVIISectionAGrp/TitleTxt22VP BRANCH OPERATIONS & SUPPORT
IRS990/Form990PartVIISectionAGrp/TitleTxt23CONSUMER LOAN BUSINESS DEV OFFICER
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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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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41010936
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0162667

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