SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2021
Open to Public
Inspection
Name of the organization
CoastLife Credit Union
 
Employer identification number

74-1505143
Return Reference Explanation
Part VI Line 1a No
Part VI Line 1a None delegated.
Part VI Line 6 An individual has to open an account with a credit union. They are
Part VI Line 6 considered a member when they pay their initial deposit...
Part VI Line 7a Each member has one voting right for BOD elections.
Part VI Line 11b The Form 990 was provided for review in the board portal. This was done 7
Part VI Line 11b days ahead of time. Each BOD sent an email approving the forms.
Part VI Line 15a or b CEO - outside source - 2017
Part VI Line 19 Financial statements are posted in each lobby monthly. Governing documents
Part VI Line 19 are available upon request and notice is in the lobby and website.
Part XI Line 9 $1,026,495 is the adjustment for the available for sale investments.
Part XI Line 9 $1,822,820 is an equity adjustment for a merger..
Part XII Line 1 No
Part XII Line 2c The board of directors has ann Economics Comittee that oversees the audit
Part XII Line 2c process.
Part VI 7 a Members are account holders who have the authority to elect
Part VI 7 a the board of directors.
Part VI 8 a The minutes are documented each month and are retained permanently.
Part VI 11 b The form 990 and 990T are available prior to the BOD meeting
Part VI 11 b for review.
Part VI 12 c The BOD sign new conflict of interest statements annually.
Part VI 15 a The BOD hired a firm to establish the CEO salary.
Part VI 19 The Form 990 is available upon request. The financial statements
Part VI 19 posted monthly in each office.
Part XI 9 The change in net assets is due to a change in comprehensive
Part XI 9 income and an adjustment in equity acquired in merger.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2021


Additional Data


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