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From the President
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Fall is here! I hope you and your family are staying healthy and had an enjoyable summer. Ours included a free Humboldt Crabs baseball game and barbeque for employees and families; our Employee Appreciation Picnic attended by nearly 300 adults and their kids, debuting Live Chat, and welcoming a new vice president to the management team.
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Introducing Live Chat
 First came Owlbert the Know-it-Owl Chatbot, available 24/7 on our web site. Now Owlbert has friends! Available six days a week during office hours, our reps can assist you with specific account questions and transactions or general CCCU information. Members and potential members can enjoy the convenience of chat instead of having to call Member Support. Live Chat is available:
M – F: 8 am – 6 pm
Sat: 10 am – 3 pm
coastccu.org
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Are We In A Recession Yet?
What Does A Recession Look Like?
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What necessary ingredients do we need to bake up a recession? The National Bureau of Economic Research (NBER) looks for economic declines that are significant, broad-based, and persistent. Or, to use the terminology of the NBER business cycle dating committee, the three criteria are “depth, diffusion, and duration.”
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Nomination Packets for Volunteer Positions Available
Three positions on our volunteer Board of Directors and one on our volunteer Supervisory Committee will soon be up for election or re-election. Each position is a three-year term and begins following our Annual Meeting on 2/16/23. Individuals interested in running are required to be Coast Central members in good standing for at least 4 years and should request a nomination application packet to: Nominating Committee, CCCU, 2650 Harrison Avenue, Eureka, CA 95501. Completed applications are due by 5 pm on Thursday, 10/13/22. Nominations may also be made by petition.
If you represent a business or organization and want to receive a ballot for the election, you must complete a “Business/Organization Authorization to Vote” form, which can be obtained by contacting Administrative Executive Assistant Angelique Humphers at (707) 445-8801, ext. 1329 or via email at ahumphers@coastccu.org. Completed forms must be received by the Nominating Committee at the address above by 11/23/22 to qualify.
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Welcome, Vaughn Peterson!
 CCCU welcomed Vaughn in August as our new VP Information Systems. He brings over 20 years of information technology experience, most recently as Chief Technology Officer at Cyprus Credit Union in West Jordan, Utah. He is responsible for all technology areas, ensuring the highest level of network security and compliance for all systems, increasing related efficiencies, and overseeing a team of 11 employees. He holds a Bachelor of Science degree in Cyber Security from the University of Maryland University College and is currently pursuing a Master’s in Science degree. Vaughn said, “I was drawn to make the move because of CCCU’s reputation as a great organization to work for, the strong management team, and its beautiful location.”
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Congratulations, Fred Moore!
 VP Chief Financial Officer Fred has been promoted to Executive Vice President, working closely with President/CEO James Sessa to lead and manage the credit union. Fred has a total of 35 years of financial institution experience and has been with Coast Central for over four years. Prior to joining CCCU, Fred was Senior VP - Chief Financial Officer at Redwood Capital Bank/Bancorp, working with a team to launch the organization in 2003. Fred was born and raised in Humboldt County, the fifth generation member to do so, and is a CPA and a Business Administration graduate of Humboldt State University (now Cal Poly Humboldt).
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Volunteer of 2nd Quarter
 Crystal Mattox
Mortgage Loan Services Specialist
Crystal is one of those caring volunteers who always seems to step up when you really need someone. During 2nd quarter, she volunteered over 20 hours for six non-profits, including Food for People, McKinleyville Little League, Arcata High, and equityarcata's Home Away from Home. Last quarter she also took time to donate blood and volunteer on a cold February morning at the Trinidad to Clam Beach Run. In addition, Crystal has a group of three other employees she recruits on a regular basis to help. Thank you, Crystal!
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Disclaimer - All content contained in this newsletter is for informational purposes only and should not be relied upon to make any financial, accounting, tax, legal or other related decisions. Each person must consider his or her objectives, risk tolerances and level of comfort when making financial decisions and should consult a competent professional advisor prior to making any such decisions. Any opinions expressed through the content in this newsletter are the opinions of the particular author only.
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