2021-05-04T09:46:05-05:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2020-01-01 410191495 CITY & COUNTY CREDIT UNION CITY 6512252700 144 11TH ST E SAINT PAUL MN 55101 PATRICK PIERCE PRESIDENT 6512252700 2021-04-26 1 PATRICK PIERCE 999009999 TANYA MEDGAARDEN P01717240 5074347000 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z PATRICK PIERCE 144 11TH ST E SAINT PAUL MN 55101 45563551 0 X WWW.CCCU.COM X CU 1928 MN TO PROVIDE AFFORDABLE FINANCIAL SERVICES 11 11 0 0 43674 1364 0 0 36047021 40997272 5756867 4337311 0 36800 41803888 45371383 0 0 3433515 3529177 13631873 13036145 0 0 0 20083945 20373369 37149333 36938691 4654555 8432692 893591689 1064843599 790260093 950093495 103331596 114750104 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 $212 MILLION TO 12,099 MEMBERS. THE CREDIT UNION PROVIDES DEPOSIT ACCOUNTS TO APPROXIMATELY 62,300 MEMBERS. THE CREDIT UNION PAID INTEREST AND DIVIDENDS OF $3.5M ON THESE ACCOUNTS. THE CREDIT UNION PROVIDED LOW COST CHECKING AND RELATED SERVICES TO APPROXIMATELY 39,200 MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 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 16043 0 1 0 1 1 1 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 0 1 0 1 1 1 1 1 0 X MISSY SETTEM 6512252709 144 E 11TH STREET ST PAUL MN 55101 LOU BRUNO BOARD MEMBER 2.50 X 4184 0 0 LISA HAYES BOARD MEMBER 1.50 X 2753 0 0 JOE MATTHEWS BOARD MEMBER 1.00 X 1920 0 0 HEIDI HOLSTE BOARD MEMBER 1.00 X 1727 0 0 HEIDI WOLF BOARD MEMBER 1.00 X 1573 0 0 HANS MOLENAAR BOARD MEMBER 1.00 X 1556 0 0 AXEL HENRY BOARD MEMBER 1.00 X 1482 0 0 CHAD KERLIN BOARD MEMBER 1.00 X 1440 0 0 NICOLE BATES BOARD MEMBER 1.00 X 1418 0 0 SHANNON CUNNINGHAM BOARD MEMBER 1.00 X 1195 0 0 REBEKAH FERGUSON BOARD MEMBER 0.50 X 1034 0 0 PATRICK PIERCE PRESIDENT 40.00 X 661046 0 50903 THOMAS COULTER EVP OPERATIONS 40.00 X 265231 0 49032 MARC KILGORE SVP INFORMATION TECHNOLOGY 40.00 X 246053 0 51727 ERIC MELLENTHIN VP INFORMATION TECHNOLOGY 40.00 X 233581 0 51109 CHARLES BARNES VP ELECTRONIC SERVICES 40.00 X 173717 0 8855 STEVEN GALARNEAU VP INVESTMENTS 40.00 X 164475 0 8843 MEGAN PRIMEAU VP MARKETING 40.00 X 151988 0 27634 MELISSA SETTEM VP ACCOUNTING & FINANCE 40.00 X 131887 0 49235 MARDELL LUTGEN VP MEMBER EXPERIENCE COMMUNITY 40.00 X 131180 0 9342 ROBIN DOWNING VP HUMAN RESOURCES 40.00 X 123267 0 2491 DANIELLE ARTHUR VP COMPLIANCE & RISK MANAG 40.00 X 117390 0 9635 DAVID OLSON DIRECTOR OF NETWORKING & S 40.00 X 238803 0 22366 CHRISTINA HAGEN MORTGAGE LOAN OFFICER 40.00 X 189147 0 764 KRISTIN KULLA MORTGAGE LOAN OFFICER 40.00 X 176989 0 746 TIMOTHY TREMBLY MORTGAGE SALES MANAGER 40.00 X 171360 0 16218 CRAIG BARSNESS MORTGAGE LOAN OFFICER 40.00 X 156241 0 15455 MELISSA MOUND MEMBER EXPERIENCE MANAGER 40.00 X 114356 0 10275 3466993 0 384630 18 0 1 0 DIEBOLD NIXDORF PO BOX 643543 PITTSBURGH PA 152643543 ATM SERVICING 479393 R2I HOLDINGS LLC PO BOX 844340 BOSTON MA 022844340 MARKETING 409817 CONNECT FINANCIAL LLC 64 EAST 6400 SOUTH MURRAY UT 84107 SOFTWARE DEVELOPMENT 354391 CICERON 126 N 3RD ST STE 200 MINNEAPOLIS MN 55401 MARKETING 338350 DELUXE BRANDED MARKETING PO BOX 4656 CAROL STREAM IL 601974656 MARKETING 201318 13 INTEREST ON LOANS 900099 25842648 25842648 CHECKING/ATM FEES 522100 12446983 12446983 OTHER FEES 524298 2707641 2663967 43674 40997272 4384911 4384911 144568 0 192168 144568 -192168 -47600 -47600 NON-OPERATING INCOME 541900 36800 36800 36800 45371383 40953598 43674 4374111 3529177 3000073 6952840 947679 1330231 805322 65853 102762 3084172 1878516 125354 9 2269149 PROFESSIONAL AND OUTSID 4158647 LOAN LOSS PROVISION 3239782 MISCELLANEOUS OPERATING 2170644 EDUCATIONAL AND PROMOTI 1668977 1609504 36938691 6360829 6969535 101850127 145665263 4477279 6061303 548595624 550518026 1499408 2235777 52692485 25378796 27108639 27313689 153381451 255416830 16508694 30959376 33809638 39703800 893591689 1064843599 9236614 9837208 1000 0 781022479 940256287 790260093 950093495 X 0 0 0 0 103331596 114750104 103331596 114750104 893591689 1064843599 X 8432692 3531379 -545563 X X 0 1 X 1 0 7443121 7443121 22099118 6979305 15119813 21935479 18399491 3535988 1214767 1214767 27313689 SHARES 311799008 IRA'S 23647824 CHECKING 234161856 CERTIFICATES 93880315 MONEY MARKETS 264134655 OTHER SHARES 682629 NONMEMBER DEPOSITS 11950000 940256287 X 45563553 192170 192170 45371383 0 45371383 37130858 192167 192167 36938691 0 36938691 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, AND AMENDMENTS THEREOF BASED ON THE RECENT COURT CASES, FOR POTENTIAL TAXABLE ACTIVITIES, REMITTING, AND RECOGNIZING AS EXPENSE, FEDERAL AND STATE TAX AND RELATED ESTIMATE PAYMENTS, AS APPLICABLE. INCOME TAXES INCURRED, OR REFUNDS THEREOF, HAVE NOT BEEN MATERIAL TO DATE TO THE CREDIT UNION. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2020 AND 2019. THE CREDIT UNION'S 2017 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 192,168. PART XII, LINE 2D - OTHER ADJUSTMENTS: ROUNDING -1. LOSS ON SALE OF ASSETS 192,168. X X 0 1 0 PATRICK PIERCE PRESIDENT 569978 0 57245 0 33823 0 26667 0 24236 0 711949 0 0 0 THOMAS COULTER EVP OPERATIONS 151100 0 111063 0 3068 0 26667 0 22365 0 314263 0 0 0 MARC KILGORE SVP INFORMATION TECHNOLOGY 229560 0 16134 0 359 0 33334 0 18393 0 297780 0 0 0 ERIC MELLENTHIN VP INFORMATION TECHNOLOGY 211606 0 17728 0 4247 0 26667 0 24442 0 284690 0 0 0 DAVID OLSON DIRECTOR OF NETWORKING & S 229932 0 8409 0 462 0 0 0 22366 0 261169 0 0 0 CHRISTINA HAGEN MORTGAGE LOAN OFFICER 28452 0 160695 0 0 0 0 0 764 0 189911 0 0 0 TIMOTHY TREMBLY MORTGAGE SALES MANAGER 47559 0 123502 0 299 0 0 0 16218 0 187578 0 0 0 CHARLES BARNES VP ELECTRONIC SERVICES 159913 0 10973 0 2831 0 0 0 8855 0 182572 0 0 0 MELISSA SETTEM VP ACCOUNTING & FINANCE 116884 0 12636 0 2367 0 25000 0 24235 0 181122 0 0 0 MEGAN PRIMEAU VP MARKETING 138023 0 12616 0 1349 0 26667 0 967 0 179622 0 0 0 KRISTIN KULLA MORTGAGE LOAN OFFICER 34682 0 142307 0 0 0 0 0 746 0 177735 0 0 0 STEVEN GALARNEAU VP INVESTMENTS 151141 0 10620 0 2714 0 0 0 8843 0 173318 0 0 0 CRAIG BARSNESS MORTGAGE LOAN OFFICER 28998 0 126947 0 296 0 0 0 15455 0 171696 0 0 0 PART I, LINE 4B PATRICK PIERCE - PARTICIPATED IN NON-QUALIFIED PLAN THOMAS COULTER - PARTICIPATED IN NON-QUALIFIED PLAN MARC KILGORE - PARTICIPATED IN NON-QUALIFIED PLAN MEGAN PRIMEAU - PARTICIPATED IN NON-QUALIFIED PLAN ERIC MELLENTHIN - PARTICIPATED IN NON-QUALIFIED PLAN MELISSA SETTEM - PARTICIPATED IN NON-QUALIFIED PLAN FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 62,300 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 ASSIST 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. MANAGEMENT MONITORS INDUSTRY TRENDS AND RECOMMENDS CHANGES AS NEEDED. 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 -545,561. EQUITY ACQUIRED IN MERGER 0. ROUNDING -2. FORM 990, PART XII, LINE 2C AUDIT OVERSIGHT - THE SUPERVISORY COMMITTEE OVERSEES THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.