2021-11-15T14:23:14-06:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2020-01-01 952030824 AMERICA'S CHRISTIAN CREDIT UNION CRED 8003436328 2100 E ROUTE 66 GLENDORA CA 91740 NICOLETTE M HARMS SVP/CFO 8003436328 2021-11-13 1 NICOLETTE HARMS 999009999 MARY C GREEN P00447183 6022662248 2021-11-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z VICKI VANNBERSTEIN 2100 E ROUTE 66 GLENDORA CA 91740 24798782 0 X WWW.AMERICASCHRISTIANCU.COM X 1958 CA TO PROVIDE FINANCIAL SERVICES TO THOSE WHO ALIGN THEMSELVES WITH THE WESLEYAN CHRISTIAN DOCTRINE. 5 5 109 11 34107 0 0 0 20575922 22922027 1840650 862652 450349 391001 22866921 24175680 30000 88650 3750984 3074558 8947773 9625638 0 0 0 7041085 9821086 19769842 22609932 3097079 1565748 434718302 557961344 389969243 511806951 44749059 46154393 TO PROVIDE FINANCIAL SERVICES TO THE COMMUNITY OF PEOPLE, CHURCHES AND ORGANIZATIONS WHO ALIGN THEMSELVES WITH THE WESLEYAN CHRISTIAN DOCTRINE. 0 0 TO ENCOURAGE BIBLICAL STEWARDSHIP AND TO REACH, SERVE, AND TEACH OUR MEMBERS. WE DO THIS BY PROVIDING FINANCIAL SERVICES INCLUDING SAVINGS DEPOSITS, CHECKING, AND ALL DEPOSIT RELATED SERVICES, PROVIDING FINANCING THROUGH LOANS TO MEMBERS, AND BY EDUCATING MEMBERS IN RESPONSIBLE STEWARDSHIP PRINCIPLES. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 2865 0 109 1 1 1 0 0 0 0 0 0 0 X 5 5 1 0 1 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 CA X NICOLETTE M HARMS 6262085400 2100 E ROUTE 66 GLENDORA CA 91740 TERRI SNYDER SVP/COO 40.00 X 1485304 0 37249 NICOLETTE HARMS SVP/CFO 40.00 X 452187 0 36391 VICKI VANNBERSTEIN PRESIDENT & CEO 40.00 X 348676 0 23748 JOHN MAY VP/CIO 40.00 X 206274 0 5591 FAWN IMBODEN VP/CDO 40.00 X 163991 0 27702 DARREN THOMPSON VP/CORPORATE SERVICES 40.00 X 179465 0 5009 EVAMARIE PISANI VP/CONSUMER LENDING 40.00 X 136992 0 26340 MENDELL THOMPSON PRESIDENT & CEO (LEFT 2020) 40.00 X 156901 0 4748 PATTI HARRIS AVP/CONTROLLER 40.00 X 131226 0 25884 DOUG WARREN VP IT 40.00 X 141624 0 15068 KEVIN MANNOIA CHAIRMAN 2.00 X X 0 0 0 BARBARA DICKERSON VICE CHAIRMAN 2.00 X X 0 0 0 DAVID MORSE TREASURER 2.00 X X 0 0 0 SYLVIA NASH SECRETARY 2.00 X X 0 0 0 LISA PENBERTHY DIRECTOR 2.00 X 0 0 0 JERRY FERGUSON DIRECTOR (LEFT 4/20) 2.00 X 0 0 0 3402640 0 207730 19 0 1 0 FIS PO BOX 4535 CAROL STREAM IL 60197 CORE SYSTEM SERVICES 684799 Q2 PO BOX 678272 DALLAS TX 75267 EBANKING AND CLOUD SERVICES 602634 CLEAN SWEEP JANITORIAL SERVICES 700 LIDO PARK DRIVE 17 NEWPORT BEACH CA 92663 JANITORIAL AND PROPERTY MANAGEMENT 235349 CORNERSTONE ADVISORS 7272 E INDIAN SCHOOL RD SCOTTSDALE AZ 85251 CONSULTING SERVICES 160421 MILLENNIAL VISION INC 4578 HIGHLAND DR SUITE A-150 SALT LAKE CITY UT 84117 IMAGING AND CLOUD SERVICES 103640 5 INTEREST FROM MEMBERS 522100 15521556 15521556 FEES & CHARGES 522100 5703524 5701406 2118 OTHER OPERATING INCOME 522100 889817 857828 31989 INTERCHANGE INCOME 522100 697473 697473 LOAN SERVICING INCOME 522100 109657 109657 22922027 871095 871095 1005660 614659 391001 391001 391001 8443 -8443 -8443 -8443 24175680 22887920 34107 1253653 88650 3074558 2729678 5091981 560268 670838 572873 151102 101602 755728 442413 230275 742404 439143 84865 8661 218977 454911 113724 PROVISION FOR LOAN LOSS 2516661 CORE SYSTEM EXPENSE 1753104 VISA AND CHECK EXPENSES 639402 MISCELLANEOUS 467050 701064 22609932 704803 523201 72389054 98994048 438857 1066941 2500000 305635076 342602473 2140862 1452010 23103434 9828368 13184418 13275066 45013116 21433578 31724886 18791654 20809603 434718302 557961344 4974570 5880027 791541 796130 9750000 9750000 374453132 495380794 389969243 511806951 X 0 0 0 0 44749059 46154393 44749059 46154393 434718302 557961344 1565748 -160414 0 X X 0 0 0 3890000 3890000 7952717 1839066 6113651 7515804 4665834 2849970 2922173 2561061 361112 822740 762407 60333 13275066 SHARE INSURANCE FUND DEPOSITS 3337385 C ALLOYA CORP CU CAPITAL 465000 C FHLB STOCK 1283200 C INVESTMENT IN CUSO'S 1794324 C OTHER INVESTMENTS 24844977 C 31724886 MEMBER ACCOUNTS 495380794 495380794 1 WESLEYAN HOLINESS CONSORTIUM 2100 E ROUTE 66 GLENDORA CA 91740 273780407 501(C)(3) 25000 UNRESTRICTED POINT LOMA NAZARENE UNIVERSITY 3900 LOMALAND DR SAN DIEGO CA 91206 951644035 501(C)(3) 16000 UNRESTRICTED AZUSA PACIFIC UNIVERSITY 901 E ALOSTA AVE AZUSA CA 91702 951744369 501(C)(3) 10000 UNRESTRICTED FELLOWSHIP OF CHRISTIAN ATHLETES 8701 LEEDS ROAD KANSA CITY MO 64129 440610626 501(C)(3) 7250 UNRESTRICTED LIFE PACIFIC UNIVERSITY 1100 W COVINA BLVD SAN DIMAS CA 91773 951684068 501(C)(3) 7250 UNRESTRICTED 5 0 PART I, LINE 2: THE BOARD OF DIRECTORS DIRECTS THE AMOUNT OF AVAILABLE FUNDS FOR CHARITABLE GRANTS. ORGANIZATIONS ARE EVALUATED FOR MISSIONAL ALIGNMENT AND OVERLAP WITH KEY OUTREACH INITIATIVES. ACCU DOES NOT CONDITION GRANTS ON SPECIFIC ACTIVITIES SO THEREFORE, NO ADDITIONAL MONITORING AFTER GRANTING. X 1 1 X X X 0 1 0 TERRI SNYDER SVP/COO 267646 0 1351 0 1216307 0 5700 0 31549 0 1522553 0 1182667 0 NICOLETTE HARMS SVP/CFO 244708 0 1287 0 206192 0 5700 0 30691 0 488578 0 200000 0 VICKI VANNBERSTEIN PRESIDENT & CEO 336767 0 0 0 11909 0 0 0 23748 0 372424 0 0 0 JOHN MAY VP/CIO 198583 0 996 0 6695 0 5591 0 0 0 211865 0 0 0 FAWN IMBODEN VP/CDO 152939 0 773 0 10279 0 3456 0 24246 0 191693 0 0 0 DARREN THOMPSON VP/CORPORATE SERVICES 171036 0 860 0 7569 0 4829 0 180 0 184474 0 0 0 EVAMARIE PISANI VP/CONSUMER LENDING 135200 0 784 0 1008 0 4006 0 22334 0 163332 0 0 0 MENDELL THOMPSON PRESIDENT & CEO (LEFT 2020) 92287 0 2000 0 62614 0 3732 0 1016 0 161649 0 0 0 PATTI HARRIS AVP/CONTROLLER 129414 0 687 0 1125 0 3704 0 22180 0 157110 0 0 0 DOUG WARREN VP IT 131280 0 678 0 9666 0 3738 0 11330 0 156692 0 0 0 PART I, LINE 1A COMPANION TRAVEL IS PROVIDED BY THE CREDIT UNION ON A VERY LIMITED BASIS AS ALLOWED PER NCUA RULES AND REGULATIONS, PART 701.33. PART I, LINE 4B THE CREDIT UNION ADOPTED A 457(F) EXECUTIVE RETIREMENT PLAN WHICH PROVIDES BENEFITS TO DESIGNATED EXECUTIVES. THE FOLLOWING INDIVIDUALS RECEIVED DISTRIBUTIONS TO THIS PLAN DURING 2020: TERRI SNYDER - $1,182,667 NICOLETTE HARMS - $200,000 THERE WERE NO CONTRIBUTIONS TO THE PLAN DURING 2020. THE CREDIT UNION ENTERED INTO SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENTS WITH CERTAIN EXECUTIVE EMPLOYEES DURING 2020, WHEREBY THE CREDIT UNION FUNDS THE PREMIUM PAYMENTS ON THE UNDERLYING INSURANCE POLICIES AND THE SENIOR EXECUTIVE OFFICER IN TURN COLLATERALLY ASSIGNS THE POLICY TO THE CREIDT UNION. VICKI VANNBERSTEIN PRESIDENT & CEO SPLIT DOLLAR LOAN X 2500000 2500000 0 1 1 2500000 SCHEDULE L, PART II THE CREDIT UNION ENTERED INTO SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENTS WITH CERTAIN EXECUTIVE EMPLOYEES DURING 2020, WHEREBY THE CREDIT UNION FUNDS THE PREMIUM PAYMENTS ON THE UNDERLYING INSURANCE POLICIES AND THE SENIOR EXECUTIVE OFFICER IN TURN COLLATERALLY ASSIGNS THE POLICY TO THE CREIDT UNION. FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF DIRECTORS MAY APPOINT AN EXECUTIVE COMMITTEE OF NO FEWER THAN THREE (3) DIRECTORS, AND DELEGATE TO SUCH COMMITTEE THE POWER TO APPROVE MEMBERSHIP APPLICATIONS. WITH THE WRITTEN APPROVAL OF THE COMMISSIONER, THE EXECUTIVE COMMITTEE MAY ACT FOR THE BOARD OF DIRECTORS IN THE PURCHASE AND SALE OF SECURITIES, INVESTMENT AND WITHDRAWAL OF FUNDS, IN BORROWING FUNDS AND IN MAKING LOANS TO OTHER CREDIT UNIONS IN ACCORDANCE WITH APPLICABLE LAW AND REGULATIONS. FORM 990, PART VI, SECTION A, LINE 2 MENDELL THOMPSON, PREVIOUS PRESIDENT/CEO IS THE FATHER OF DARREN THOMPSON, VP/CORPORATE SERVICES. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE UPDATED DURING 2020 TO CHANGE THE NUMBER OF BOARD MEMBERS FROM 7 TO AN ODD NUMBER BETWEEN FIVE (5) TO NINE (9) MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. THE FIELD OF MEMBERSHIP SHALL BE LIMITED TO THOSE HAVING THE FOLLOWING COMMON BOND: CHURCHES, MINISTRIES AND SCHOOLS ALIGNED WITH WESLEYAN CHRISTIAN DOCTRINE; MINISTERS, EMPLOYEES, MEMBERS, OFFICERS, TEACHERS, STUDENTS AND OTHERS IN THESE CHURCHES, SCHOOLS AND ORGANIZATIONS; ORGANIZATIONS OF SUCH PERSONS; EMPLOYEES OF THIS CREDIT UNION; IMMEDIATE FAMILY MEMBERS LIVING IN A MEMBER OF THIS CREDIT UNION'S HOME; AND, OTHER CREDIT UNIONS ORGANIZED UNDER EITHER FEDERAL OR STATE LAWS APPERTAINING TO CREDIT UNIONS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS MUST BE APPROVED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING. ONCE THIS DETAILED REVIEW IS COMPLETE, THE FORM 990 IS FILED WITH THE IRS. THE BOARD OF DIRECTORS RECEIVES A COPY OF THE RETURN AFTER THE RETURN HAS BEEN FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C WHEN HIRED, ALL STAFF ARE REQUIRED TO READ AND SIGN A CODE OF CONDUCT POLICY WHICH OUTLINES IN DETAIL THE BEHAVIOR EXPECTATIONS OF THE STAFF, INCLUDING CONFLICT OF INTEREST. THIS CODE OF CONDUCT INCORPORATED THE CALIFORNIA CREDIT UNION LEAGUE'S CODE OF ETHICS. ALL NEW STAFF ARE ALSO REQUIRED TO DISCLOSE IN WRITING ANY RELATED PARTY ACCOUNTS AT THE CREDIT UNION SO THEY CAN BE CODED AND RESTRICTED FROM ACCESS. PERIODICALLY STAFF ARE ASKED TO UPDATE THIS LIST OF RELATED PARTY ACCOUNTS. STAFF ACCOUNTS AND ACCOUNTS OF RELATED PARTIES OF STAFF ARE CODED AS SUCH IN OUR CORE SYSTEM. VERAFIN SOFTWARE PERFORMS CONSTANT BSA AND FRAUD ANALYTICS TO DETECT TRANSACTIONS THAT WOULD INDICATE SUSPICIOUS ACTIVITY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES THE COMPEASE SYSTEM WHICH PROVIDES REGIONAL CREDIT UNION SALARY DATA TO BENCHMARK ALL STAFF WAGES. ANNUAL WAGE INCREASES ARE BASED ON EMPLOYEE PERFORMANCE SCORES AND WHERE THE EMPLOYEE FALLS WITHIN THE WAGE RANGE PROVIDED BY THE COMPEASE SYSTEM FOR COMPARABLE JOB GRADES. THE BOARD OF DIRECTORS DETERMINES AND APPROVES THE COMPENSATION OF THE CEO AND THE INCENTIVE PLAN FOR ALL STAFF. THE CEO MAKES COMPENSATION DECISIONS FOR OTHER OFFICERS AND KEY EMPLOYEES AND USES THE COMPEASE COMPENSATION SYSTEM AS A FRAMEWORK. COMPENSATION DECISIONS ARE DOCUMENTED IN THE EMPLOYEE'S PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE ORGANIZATION'S BRANCH. THE ANNUAL FINANCIAL STATEMENT IS INCLUDED IN THE PUBLISHED ANNUAL REPORT POSTED ON THE ORGANIZATION'S WEBSITE. FINANCIAL STATEMENTS ARE ALSO AVAILABLE UPON REQUEST. PART XII, LINE 2 AS ALLOWED BY STATE REGULATORY AUTHORITIES, THE AUDIT IS DONE AS OF MARCH 31ST. THE REPORTING PERIOD FOR THE AUDIT, THEREFORE DOES NOT MATCH THE REPORTING PERIOD FOR THE 990. THE CREDIT UNION WAS AUDITED AS OF MARCH 31, 2021 AND 2020. ACCU FINANCIAL LLC 2100 E ROUTE 66 SUITE 102 GLENDORA CA 91740 831239109 HOLDING COMPANY CA 0 407416 AMERICA'S CHRISTIAN CREDIT UNION SHARETEK LLC 2100 E ROUTE 66 SUITE 102 GLENDORA CA 91740 831268218 CUSO ORGANIZATION CREATED TO FACILITATE HEALTH CARE SHARING CA 547213 131289 ACCU FINANCIAL LLC