Coasthills Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 952015359 ✦ Santa maria, CA ✦ Designated as a 501(c)(14)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Coasthills Credit Union?

Coasthills Credit Union, established in 1958, is a local financial institution based in Santa Maria, California, serving over 75,000 members in Ventura, Santa Barbara, San Luis Obispo, Monterey, and Santa Cruz Counties. Their primary mission is to enhance the financial well-being of Central Coast families by offering lower-fee and better-rate loan and deposit products compared to most banks. By focusing on the unique needs of their community, they provide superior customer service to help members achieve their financial goals. With a team of 399 employees, Coasthills Credit Union aims to understand and cater to the distinct financial context of the Central Coast.


Official website here: www.coasthills.coop

Is Coasthills Credit Union legitimate?

Coasthills Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Coasthills Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $3,631,077
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,294,924

For more financial information, click here


Official website here: www.coasthills.coop

What is the mission statement of Coasthills Credit Union?

Coasthills Credit Union is dedicated to assisting its members in achieving their financial goals by providing them with a range of financial products and exceptional customer service. The organization's mission goes beyond offering cookie-cutter solutions; instead, it aims to understand the unique financial needs of its members and tailor its offerings accordingly. The credit union's local focus allows it to provide a more personalized approach to banking, distinguishing it from larger national banks. Coasthills Credit Union prides itself on its ability to connect with its members on a deeper level and provide banking solutions that fit their specific circumstances.


Official website here: www.coasthills.coop

Who is the CEO of Coasthills Credit Union?

Paul C Cook is the Ceo/President of Coasthills Credit Union. The CEO's salary of Coasthills Credit Union is $663,540 and their total compensation is $714,705.


Official website here: www.coasthills.coop

What is the revenue of Coasthills Credit Union?

Coasthills Credit Union's revenue in 2022 was $76,854,403.


Official website here: www.coasthills.coop

Who are the executives of Coasthills Credit Union and what are their salaries?

The average compensation at Coasthills Credit Union during 2022 was $59,965. There are 399 employees and 17 volunteers at Coasthills Credit Union.


Here are 24 key members and their salaries (Coasthills Credit Union's CEO's salary is $663,540 and their total compensation is $714,705):


Paul C Cook (Ceo/President)
  • Compensation: $663,540
  • Related: $0
  • Other: $51,165
Bruce A Altheide (Chief Wealth Officer)
  • Compensation: $564,430
  • Related: $0
  • Other: $43,771
James Ledford (Chief Lending Officer)
  • Compensation: $408,500
  • Related: $0
  • Other: $67,329
Pamela Rasmussen (Chief Risk Officer)
  • Compensation: $421,477
  • Related: $0
  • Other: $34,445
David L Salm (Chief Administrative Officer)
  • Compensation: $376,462
  • Related: $0
  • Other: $25,020
Catherine Amundson (Svp Branches & Compliance)
  • Compensation: $350,318
  • Related: $0
  • Other: $38,568
Timothy Jensen (Evp, Chief Financial Officer)
  • Compensation: $360,731
  • Related: $0
  • Other: $19,636
Daniel Walls (Chief Credit Officer)
  • Compensation: $339,099
  • Related: $0
  • Other: $32,279
Cheryl Garnsey (Svp Human Resources)
  • Compensation: $258,055
  • Related: $0
  • Other: $28,774
Scott Olson (Svp Chief Data Officer)
  • Compensation: $244,480
  • Related: $0
  • Other: $40,558
Scott T Doi (Svp Member Experience)
  • Compensation: $244,818
  • Related: $0
  • Other: $29,962
Dimitri Dristas (Vp Senior Commerical Lending Officer)
  • Compensation: $229,931
  • Related: $0
  • Other: $34,262
Jay Pimentel (Chief Legal Counsel)
  • Compensation: $173,128
  • Related: $0
  • Other: $50,065
Kristopher L Andrews (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Homero Contreras (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Moreno (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Volker Cox (Treasurer (Thru 03/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Bernard E Jones (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
R Bruce Coggin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arthur C Scheithaur Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Earl Murray (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William H Anders (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeanne Piper (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hugh J Rafferty (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.coasthills.coop

Where can I find the form 990 for Coasthills Credit Union?

Coasthills Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.coasthills.coop

Learn more at the official website: www.coasthills.coop

Mission Statement of Coasthills Credit Union

Coasthills Credit Union, a financial institution dedicated to its members, is committed to providing them with financial products and exceptional customer service. The organization's mission is to help members achieve their financial goals by understanding their unique needs, a perspective that sets it apart from a national bank. Coasthills Credit Union believes in serving its community in a way that resonates with its members' Central Coast lifestyle. By putting members' money into a context that goes beyond cookie-cutter solutions, the credit union builds trust and confidence. Coasthills Credit Union's approach to banking ensures that it genuinely understands the distinct financial requirements of its members and offers customized services to meet their needs. This local perspective enables Coasthills Credit Union to provide a more personalized banking experience, setting it apart from larger, national institutions.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




October, 2024

Coasthills Credit Union has made a significant impact on the financial well-being of over 75,000 members across the Central Coast of California. Since its establishment in 1958, the credit union has prioritized serving the community by providing financial products tailored to the unique needs of local families.

By offering loans and deposit products with lower fees and better rates than traditional banks, Coasthills empowers members to achieve their financial goals more efficiently. Their commitment to superior customer service ensures that members receive personalized support, focusing on the distinct financial landscape of Ventura, Santa Barbara, San Luis Obispo, Monterey, and Santa Cruz counties.

With a philosophy of "Banking the Central Coast Way," Coasthills operates with a deep understanding of the local context, enabling them to offer solutions that resonate with the community. This approach fosters trust and confidence among members, transforming the way finances are managed within the region and contributing to the overall financial health of Central Coast families. Through their dedicated service, Coasthills Credit Union plays a pivotal role in enhancing the prosperity of the communities they serve.




This information is meant to be a general summary of Coasthills Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$76,854,403 (2022)
Expenses
$70,014,183 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,694,468
  • Program Service Revenue: $72,435,710
  • Gross Receipts: $78,131,798

Assets and Liabilities:

  • Total Assets: $1,828,708,068
  • Total Liabilities: $1,700,920,334
  • Net Assets: $127,787,734

Want to help this charity, for free? You can click here to learn more about Give Freely

Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS TO MEMBERS

Revenue

$55,296,584

INTERCHANGE INCOME

Revenue

$6,638,263

FEES AND CHARGES

Revenue

$3,937,674

COURTESY PAY PROGRAM FEES

Revenue

$2,624,895

OTHER NONINTEREST INCOME

Revenue

$2,445,278

Organization Details

Founding Year

1958

Principal Officer

Paul C Cook

Main Address

1075 E BETTERAVIA, SANTA MARIA, CA, 93454

NTEE Category

Code: W60 - Public benefit

If you are a representative of Coasthills Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.