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Nonprofiteer
← COASTHILLS CREDIT UNION

Form 990 for tax year 2022

Filed by COASTHILLS CREDIT UNION.

Totals

Total revenue
$76,854,403
Total expenses
$70,014,183
Contributions and grants received
$0
Grants paid
$253,430
Program service revenue
$72,435,710
Investment income
$4,694,468
Other revenue
-$275,775
Total assets, end of year
$1,828,708,068
Total liabilities, end of year
$1,700,920,334
Net assets or fund balances, end of year
$127,787,734
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • PAUL C COOK

    CEO/PRESIDENT

    Total calculated
    $714,705
    From this org
    $663,540
    From related orgs
    $0
    Other
    $51,165
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $476,926
    Bonus
    $99,071
    Other
    $87,543
    Deferred
    $19,006
    Nontaxable benefits
    $32,159
    Filer's total
    $714,705

  • BRUCE A ALTHEIDE

    CHIEF WEALTH OFFICER

    Total calculated
    $608,201
    From this org
    $564,430
    From related orgs
    $0
    Other
    $43,771
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $50,624
    Bonus
    $93,472
    Other
    $420,334
    Deferred
    $24,700
    Nontaxable benefits
    $19,071
    Filer's total
    $608,201

  • JAMES LEDFORD

    CHIEF LENDING OFFICER

    Total calculated
    $475,829
    From this org
    $408,500
    From related orgs
    $0
    Other
    $67,329
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,338
    Bonus
    $92,678
    Other
    $75,484
    Deferred
    $34,945
    Nontaxable benefits
    $32,384
    Filer's total
    $475,829

  • PAMELA RASMUSSEN

    CHIEF RISK OFFICER

    Total calculated
    $455,922
    From this org
    $421,477
    From related orgs
    $0
    Other
    $34,445
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $310,887
    Bonus
    $63,384
    Other
    $47,206
    Deferred
    $24,700
    Nontaxable benefits
    $9,745
    Filer's total
    $455,922

  • DAVID L SALM

    CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $401,482
    From this org
    $376,462
    From related orgs
    $0
    Other
    $25,020
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,160
    Bonus
    $80,879
    Other
    $70,423
    Deferred
    $24,091
    Nontaxable benefits
    $929
    Filer's total
    $401,482

  • CATHERINE AMUNDSON

    SVP BRANCHES & COMPLIANCE

    Total calculated
    $388,886
    From this org
    $350,318
    From related orgs
    $0
    Other
    $38,568
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,332
    Bonus
    $69,873
    Other
    $48,113
    Deferred
    $24,372
    Nontaxable benefits
    $14,196
    Filer's total
    $388,886

  • TIMOTHY JENSEN

    EVP, CHIEF FINANCIAL OFFICER

    Total calculated
    $380,367
    From this org
    $360,731
    From related orgs
    $0
    Other
    $19,636
    Hours/week
    40 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $258,691
    Bonus
    $51,871
    Other
    $50,169
    Deferred
    $19,636
    Nontaxable benefits
    $0
    Filer's total
    $380,367

  • DANIEL WALLS

    CHIEF CREDIT OFFICER

    Total calculated
    $371,378
    From this org
    $339,099
    From related orgs
    $0
    Other
    $32,279
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,781
    Bonus
    $52,760
    Other
    $64,558
    Deferred
    $13,546
    Nontaxable benefits
    $18,733
    Filer's total
    $371,378

  • CHERYL GARNSEY

    SVP HUMAN RESOURCES

    Total calculated
    $286,829
    From this org
    $258,055
    From related orgs
    $0
    Other
    $28,774
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,930
    Bonus
    $35,055
    Other
    $40,070
    Deferred
    $20,923
    Nontaxable benefits
    $7,851
    Filer's total
    $286,829

  • SCOTT OLSON

    SVP CHIEF DATA OFFICER

    Total calculated
    $285,038
    From this org
    $244,480
    From related orgs
    $0
    Other
    $40,558
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,065
    Bonus
    $39,100
    Other
    $41,315
    Deferred
    $21,825
    Nontaxable benefits
    $18,733
    Filer's total
    $285,038

  • SCOTT T DOI

    SVP MEMBER EXPERIENCE

    Total calculated
    $274,780
    From this org
    $244,818
    From related orgs
    $0
    Other
    $29,962
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,197
    Bonus
    $37,286
    Other
    $33,335
    Deferred
    $20,197
    Nontaxable benefits
    $9,765
    Filer's total
    $274,780

  • DIMITRI DRISTAS

    VP SENIOR COMMERICAL LENDING OFFICER

    Total calculated
    $264,193
    From this org
    $229,931
    From related orgs
    $0
    Other
    $34,262
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,274
    Bonus
    $33,416
    Other
    $35,241
    Deferred
    $20,066
    Nontaxable benefits
    $14,196
    Filer's total
    $264,193

  • JAY PIMENTEL

    CHIEF LEGAL COUNSEL

    Total calculated
    $223,193
    From this org
    $173,128
    From related orgs
    $0
    Other
    $50,065
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,844
    Bonus
    $27,597
    Other
    $36,687
    Deferred
    $18,531
    Nontaxable benefits
    $31,534
    Filer's total
    $223,193

  • KRISTOPHER L ANDREWS

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    6

  • HOMERO CONTRERAS

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    6

  • JEREMY MORENO

    TREASURER

    Total calculated
    $0
    Hours/week
    6

  • LEE VOLKER COX

    TREASURER (THRU 03/2022)

    Total calculated
    $0
    Hours/week
    6

  • BERNARD E JONES

    SECRETARY

    Total calculated
    $0
    Hours/week
    6

  • R BRUCE COGGIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • ARTHUR C SCHEITHAUR JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • EARL MURRAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • WILLIAM H ANDERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • JEANNE PIPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • HUGH J RAFFERTY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
WITH APPROVAL FROM MANAGER AND/OR CEO AND/OR CHAIRMAN OF THE BOARD OR SUPERVISORY COMMITTEE, SPOUSES AND/OR PARTNERS DO TRAVEL OCCASIONALLY WITH EMPLOYEES OR VOLUNTEERS. THIS BENEFIT IS INCLUDED ON THE VOLUNTEERS 1099 FORM.
PART I, LINE 4B
SPLIT DOLLAR LIFE INSURANCE: THE CREDIT UNION HAS ENTERED INTO COLLATERAL ASSIGNMENT SPLIT DOLLAR (CASD) ARRANGEMENTS WITH CERTAIN CURRENT AND FORMER MEMBERS OF THE EXECUTIVE MANAGEMENT TEAM. THE LOANS ARE COLLATERALIZED BY THE ASSIGNMENT OF THE POLICY DEATH BENEFITS AND CASH VALUES OF EACH RESPECTIVE LIFE INSURANCE POLICY. THE CASD POLICIES ARE RECORDED AS ASSETS ON THE CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION AS THE LOAN BALANCE PLUS ACCRUED INTEREST. THE CASD ARRANGEMENT FOR ONE INDIVIDUAL INCLUDES A FULL RECOURSE PROVISION WHEREBY THE CREDIT UNION CAN SEEK REPAYMENT OF PRINCIPAL AND INTEREST FROM THE EMPLOYEE DIRECTLY IF THERE IS A SHORTFALL. ALL OTHER CASD ARRANGEMENTS ALSO HAVE RECOURSE PROVISIONS WHERE THE CREDIT UNION CAN SEEK REPAYMENT OF ANY SHORTFALL FROM THE EMPLOYEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202303179349310715

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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