2025-04-28T16:08:26-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2024-01-01 410191495 CITY & COUNTY CREDIT UNION CITY 6512252700 144 11TH ST E SAINT PAUL MN 55101 PATRICK PIERCE PRESIDENT 6512252700 2025-04-28 1 0 TANYA MEDGAARDEN P01717240 5074347000 2025-04-28 2024 2025-03-06 01:10:19Z PATRICK PIERCE 144 11TH ST E SAINT PAUL MN 55101 59463971 0 X WWW.CCCU.COM X CU 1928 MN TO PROVIDE AFFORDABLE FINANCIAL SERVICES 8 8 0 0 62403 6269 0 0 40685547 45031447 12658028 11533408 0 16500 53343575 56581355 0 0 8013649 10986977 15750040 17178222 0 0 0 22605280 25180743 46368969 53345942 6974606 3235413 1234462832 1190819726 1148998460 1103973179 85464372 86846547 TO CONDUCT THE ORDINARY AND NECESSARY BUSINESS OF A CREDIT UNION INVOLVING THE RECEIVING OF SAVINGS OF MEMBERS AND LENDING MONEY TO MEMBERS FOR PROVIDENT PURPOSES. 0 0 THE CREDIT UNION PROVIDED LOANS OF $122 MILLION TO 10,888 MEMBERS. THE CREDIT UNION PROVIDES DEPOSIT ACCOUNTS TO 62,095 MEMBERS. THE CREDIT UNION PAID INTEREST AND DIVIDENDS OF $11M ON THESE ACCOUNTS. THE CREDIT UNION PROVIDED LOW COST CHECKING AND RELATED SERVICES TO 41,055 MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19630 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 MN X MELISSA SETTEM 6512252709 144 11TH STREET EAST ST PAUL MN 55101 LOU BRUNO BOARD MEMBER 3.00 X 4956 0 0 HEIDI WOLF BOARD MEMBER 1.50 X 2172 0 0 NICOLE BATES BOARD MEMBER 1.00 X 1902 0 0 HANS MOLENAAR BOARD MEMBER 1.00 X 1792 0 0 JOE MATTHEWS BOARD MEMBER 1.00 X 1540 0 0 AXEL HENRY BOARD MEMBER 1.00 X 1248 0 0 SHANNON CUNNINGHAM BOARD MEMBER 0.50 X 709 0 0 CHAD KERLIN BOARD MEMBER 0.50 X 688 0 0 PATRICK PIERCE PRESIDENT/CEO 40.00 X 693580 0 33764 ERIC MELLENTHIN VP INFORMATION TECHNOLOGY 40.00 X 484065 0 35139 THOMAS COULTER EVP OPERATIONS 40.00 X 289015 0 35265 DAVID OLSON DIRECTOR OF IT & SECURITY 40.00 X 280296 0 34207 MARC KILGORE SVP PROJECT MGMT & IMPROVEMENT 40.00 X 252418 0 26832 MELISSA SETTEM VP ACCOUNTING & FINANCE 40.00 X 189492 0 29948 DANIELLE KONRAD-ARTHUR VP COMPLIANCE & RISK MGMT 40.00 X 182382 0 19992 ROBIN DOWNING VP HUMAN RESOURCES 40.00 X 160975 0 9189 MARDELL LUTGEN VP MEMBER EXPERIENCE 40.00 X 145248 0 19346 BAILEY GERMAIN VP BRAND & RETAIL EXPERIENCE 40.00 X 131049 0 25464 KEITH YARBROUGH CORE SYSTEMS ANALYST 40.00 X 144922 0 17662 TIMOTHY TREMBLEY DIRECTOR MORTGAGE SERVICES 40.00 X 142198 0 19997 JOSEPH NEWMASTER INFRASTRUCTURE MANAGER 40.00 X 144727 0 14903 JENNY LYNCH DIRECTOR ELECTRONIC SERVIC 40.00 X 132416 0 27047 ANNE SMITH BUSINESS SERVICES MANAGER 40.00 X 120538 0 26155 3508328 0 374910 15 0 1 0 CONNECT FINANCIAL LLC 64 EAST 6400 SOUTH MURRAY UT 84107 CONSULTING AND ONLINE/MOBILE BANKING DEV 465364 CLEAN CUT OUTDOOR SERVICES 2330 LEIBEL STREET SUITE 105 WHITE BEAR TOWNSHIP MN 55110 LAWN CARE AND SNOW REMOVAL SERVICES 152073 2 INTEREST ON LOANS 522100 36884914 36884914 OTHER FEES 524298 4991678 4965955 25723 CHECKING/ATM FEES 522100 3154855 3118175 36680 45031447 13513525 13513525 902499 2882616 -1980117 -1980117 -1980117 NON-INTEREST INCOME 522100 16500 16500 16500 56581355 44985544 62403 11533408 10986977 3092673 9985952 1566329 1518561 1014707 69838 149962 5167805 3934259 1976405 375861 4529043 1697599 44367 LOAN SERVICING EXPENSE 2535478 EDUCATIONAL AND PROMOTI 2347069 CREDIT LOSS EXPENSE 1841782 MISCELLANEOUS OPERATING 455743 55532 53345942 7244600 6975718 89291252 152911625 9019339 3277160 722230052 680023736 2238220 2620275 46831051 28306900 19298604 18524151 309699905 254920543 29049451 27988518 46391409 43578000 1234462832 1190819726 13390496 10506631 101000000 87000000 1034607964 1006466548 1148998460 1103973179 X 0 0 0 0 85464372 86846547 85464372 86846547 1234462832 1190819726 X 3235413 -1484248 -368990 X X 0 1 X 1 0 5428621 5428621 19392092 9014158 10377934 22010338 19292742 2717596 18524151 MEMBER SHARES 1006428826 ALLOWANCE FOR CREDIT LOSSES ON OFF-BALANCE SHEET CREDIT EXPOSURES 37722 1006466548 X 58561470 1980115 1980115 56581355 0 56581355 55326059 1980117 1980117 53345942 0 53345942 PART X, LINE 2: PART X: THE CREDIT UNION IS EXEMPT, UNDER IRC 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE AS UNRELATED BUSINESS INCOME. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2024 AND 2023. THE CREDIT UNION'S 2021 AND SUBSEQUENT TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: ROUNDING -2. LOSS ON SALE OF ASSETS 1,980,117. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS 1,980,117. X X X X 0 1 0 PATRICK PIERCE PRESIDENT/CEO 602878 0 39224 0 51478 0 15800 0 17964 0 727344 0 0 0 ERIC MELLENTHIN VP INFORMATION TECHNOLOGY 292053 0 184593 0 7419 0 14295 0 20844 0 519204 0 0 0 THOMAS COULTER EVP OPERATIONS 258994 0 13872 0 16149 0 13421 0 21844 0 324280 0 0 0 DAVID OLSON DIRECTOR OF IT & SECURITY 255051 0 19291 0 5954 0 12663 0 21544 0 314503 0 0 0 MARC KILGORE SVP PROJECT MGMT & IMPROVEMENT 221195 0 11144 0 20079 0 11738 0 15094 0 279250 0 0 0 MELISSA SETTEM VP ACCOUNTING & FINANCE 172024 0 14245 0 3223 0 9104 0 20844 0 219440 0 0 0 DANIELLE KONRAD-ARTHUR VP COMPLIANCE & RISK MGMT 155451 0 7024 0 19907 0 8932 0 11060 0 202374 0 0 0 ROBIN DOWNING VP HUMAN RESOURCES 151140 0 6488 0 3347 0 7965 0 1224 0 170164 0 0 0 MARDELL LUTGEN VP MEMBER EXPERIENCE 130666 0 6180 0 8402 0 7620 0 11726 0 164594 0 0 0 KEITH YARBROUGH CORE SYSTEMS ANALYST 137913 0 6050 0 959 0 7048 0 10614 0 162584 0 0 0 TIMOTHY TREMBLEY DIRECTOR MORTGAGE SERVICES 133879 0 5393 0 2926 0 7590 0 12407 0 162195 0 0 0 JOSEPH NEWMASTER INFRASTRUCTURE MANAGER 134543 0 10164 0 20 0 7611 0 7292 0 159630 0 0 0 JENNY LYNCH DIRECTOR ELECTRONIC SERVIC 120093 0 9952 0 2371 0 7354 0 19693 0 159463 0 0 0 BAILEY GERMAIN VP BRAND & RETAIL EXPERIENCE 124885 0 6104 0 60 0 7087 0 18377 0 156513 0 0 0 PART I, LINE 4B PATRICK PIERCE - PARTICIPATED IN NON-QUALIFIED PLAN THOMAS COULTER - PARTICIPATED IN NON-QUALIFIED PLAN ERIC MELLENTHIN - PARTICIPATED IN NON-QUALIFIED PLAN - RECEIVED DEFERRED COMP PAYMENT - $160,000 MELISSA SETTEM - PARTICIPATED IN NON-QUALIFIED PLAN BAILEY GERMAIN - PARTICIPATED IN NON-QUALIFIED PLAN ROBIN DOWNING - PARTICIPATED IN NON-QUALIFIED PLAN DANIELLE ARTHER - PARTICIPATED IN NON-QUALIFIED PLAN FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF 62,095 MEMBER-OWNERS, EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP, GOVERNANCE AND VOTING RIGHTS AT THE ANNUAL MEETINGS, WITH THE EXCEPTION OF THE MEMBER-OWNERS WHO ARE ELECTED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER-OWNERS OF THE CREDIT UNION HAVE THE AUTHORITY TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE FOR THREE-YEAR TERMS ON A ROTATING BASIS. CANDIDATES ARE ELECTED BY A SIMPLE PLURALITY VOTE. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGES TO THE ENTITY'S BYLAWS NEED TO BE APPROVED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE VP ACCOUNTING & FINANCE ASSISTS IN PREPARATION THROUGH DATA GATHERING AND PERFORMS A REVIEW OF THE FORM 990 PRIOR TO FILING. THE REVIEW INCLUDES COMPARING REPORTED AMOUNTS TO UNDERLYING SCHEDULES AND OTHER SUPPORTING DOCUMENTS. FORM 990, PART VI, SECTION B, LINE 12C THERE IS A STATEMENT ON EVERY BOARD MEETING AGENDA REQUIRING BOARD MEMBERS TO DISCLOSE ANY CONFLICT OF INTEREST REGARDING THAT MONTH'S AGENDA ITEMS. BOARD MEMBERS WITH A CONFLICT WILL RECUSE THEMSELVES FROM VOTING ON OR PARTICIPATING IN THE DISCUSSION OF ITEMS IN QUESTION. FORM 990, PART VI, SECTION B, LINE 15 SALARY RANGES FOR EVERY POSITION ARE REVIEWED AND APPROVED BY THE BOARD EACH YEAR IN THE ANNUAL BUDGET. CCCU USES A THIRD PARTY, BALANCED COMP, TO ASSIST MANAGEMENT IN MONITORING INDUSTRY TRENDS AND RECOMMENDS CHANGES AS NEEDED. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE POSTED AT EACH LOCATION MONTHLY. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE LOSS -368,990. FORM 990, PART XII, LINE 2C AUDIT OVERSIGHT - THE SUPERVISORY COMMITTEE OVERSEES THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.