2020-11-16T11:42:18-06:00 2019-12-31 420714325 RSM US LLP 801 NICOLLET MALL WEST TOWER STE 1100 MINNEAPOLIS MN 554022526 990 2019-01-01 951981100 CHRISTIAN COMMUNITY CREDIT UNION CHRI 8003472228 255 N LONE HILL AVENUE SAN DIMAS CA 917732308 JASON THOMAS SVP/CFO 8003472228 2020-11-13 1 KACIE MCEWEN P01599614 6123324300 2020-11-13 68.47.31.197 2020-11-13 14:29:33 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 03529DF6567CFB0D20C3C8C4F0F8DA9C5BDC3671 2019 2022-01-07 14:23:13Z BLAIR KORSCHUN 255 N LONE HILL AVENUE SAN DIMAS CA 917732308 31832973 0 X WWW.MYCCCU.COM X 1957 CA THE CREDIT UNION IS OPERATED FOR THE PURPOSE OF PROMOTING THRIFT, PROVIDING CREDIT AT REASONABLE RATES, AND PROVIDING OTHER FINANCIAL SERVICES TO ITS MEMBERS. 5 5 141 10 235404 -250806 0 0 28901434 29785617 1675734 2034261 493 12973 30577661 31832851 268804 207216 3437740 5047668 11983062 11685343 0 0 0 9476100 10168565 25165706 27108792 5411955 4724059 656919996 694332444 570698734 603387123 86221262 90945321 X THE MISSION OF CHRISTIAN COMMUNITY CREDIT UNION IS TO PARTNER WITH MEMBERS AND MINISTRIES TO HELP THEM BECOME BETTER STEWARDS AND ACHIEVE THEIR FINANCIAL GOALS. 0 0 CREDIT UNION BANKING SERVICE PROGRAMS:THE CREDIT UNION OFFERS A FULL RANGE OF BANKING SERVICES TO THE MEMBERS, BOTH RETAIL AND MINISTRY. AS OF 12/31/19 OUR MEMBERS HAD $597,610,683, ON DEPOSIT IN INSURED ACCOUNTS IN THE CREDIT UNION. THE CREDIT UNION HAS $76,647,069, IN SAVINGS ACCOUNTS, $162,493,099, IN CHECKING ACCOUNTS, $130,281,183, IN MONEY MARKET, AND $228,189,332, CERTIFICATES OF DEPOSIT AND IRAS. THE COST OF FUNDS ON THESE ACCOUNTS AT YEAR END WAS 0.92%. THE CREDIT UNION BEGAN THE YEAR WITH 31,137 MEMBERS AND ENDED THE YEAR WITH 30,448 FOR A DECREASE OF 689. THE CREDIT UNION HAS 1,586 MINISTRY ACCOUNTS. CREDIT UNION RETAIL REAL ESTATE LENDING:THE CREDIT UNION EXISTS TO PROVIDE LOANS TO ITS MEMBERS AT RATES AND TERMS NOT AVAILABLE TO OUR FIELD OF MEMBERSHIP THROUGH BANKS OR OTHER FINANCIAL INSTITUTIONS. THE LARGEST PORTION OF OUR RETAIL LENDING IS MADE UP OF FIRST TRUST DEED, LOANS. THE CREDIT UNION HAD $246,889,797 IN RETAIL FIRST TRUST DEED LOANS AS OF 12/31/19. THEY REPRESENT 44% OF OUR LOAN PORTFOLIO AND 36% OF OUR TOTAL ASSETS. THE AVERAGE YIELD ON THESE LOANS WAS 3.72%. THE PORTFOLIO INCREASED $18,014,610 OR 7.87% DURING 2019. CREDIT UNION MINISTRY REAL ESTATE LENDING:THE CREDIT UNION'S FIELD OF MEMBERSHIP INCLUDES MANY CHURCHES AND MINISTRIES. THE CREDIT UNION PROVIDES LOANS TO THESE MEMBERS TO BUY, BUILD OR RENOVATE REAL PROPERTY AT RATES AND TERMS NOT AVAILABLE TO THEM THROUGH BANKS OR OTHER FINANCIAL INSTITUTIONS. THE LARGEST PORTION OF OUR MINISTRY LOAN PORTFOLIO IS MADE UP OF FIRST TRUST DEED LOANS. THE CREDIT UNION HAD $254,576,933 IN OUTSTANDING FIRST TRUST DEED LOANS TO CHURCHES AND MINISTRIES AS OF 12/31/19. THEY REPRESENT 45% OF OUR LOAN PORTFOLIO AND 37% OF OUR TOTAL ASSETS. THE YIELD ON THESE LOANS WAS 4.71%. THE PORTFOLIO DECREASED $3,976,049 DURING 2019 OR -1.54%. CREDIT UNION CONSUMER LENDING: THE CREDIT UNION HAS $22,121,788 IN CAR LOANS, $24,609,227 IN CREDIT CARD ACCOUNTS AND $3,008,127 IN STUDENT LOANS. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12805 0 1 141 1 1 1 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X JASON THOMAS 8003472228 255 N LONE HILL AVENUE SAN DIMAS CA 917732308 MARJORIE HUGHES EVP/COO/INTERIM CEO 40.00 X 419093 0 14350 STANLEY WAHL SVP/CFO 40.00 X 338491 0 67011 JAMES SCOTT REITSMA SVP-MINISTRY DEVELOPMENT 40.00 X 295053 0 30202 DAVID SOUTH SVP-HUMAN RESOURCES 40.00 X 268602 0 13469 JON D MARTINEZ FORMER OFFICER 0.00 X 250000 0 0 JOHN SILVIS SVP/CTO 40.00 X 215580 0 26517 TIM LAWRENCE VP-MINISTRY DEVELOPMENT GR 40.00 X 181100 0 27187 REBECCA HINOJOSA AVP-RISK MANAGEMENT 40.00 X 139636 0 19316 DONNA ESSE VP-ELECTRONIC SERVICES 40.00 X 136475 0 6817 RONA FORD VP-MDG OPERATIONS 40.00 X 134672 0 8310 HAMID SAMADOFF VP - ACCOUNTING 40.00 X 128711 0 20635 JOHN T WALLING TREASURER (UNTIL 6/27/19) 40.00 X X 141597 0 0 JASON THOMAS SVP/CFO 40.00 X 22116 0 0 CATHY BARRETT TREASURER 1.00 X X 3650 0 0 RICK BEE SECRETARY 1.00 X X 3616 0 0 MICHAEL PATE CHAIR 1.00 X X 3435 0 0 THOMAS MATLOCK DIRECTOR 1.00 X 3403 0 0 DALE TORRY VICE CHAIR 1.00 X X 3136 0 0 JOHN PEARSON DIRECTOR (UNTIL 11/21/19) 1.00 X 2665 0 0 2691031 0 233814 12 1 1 0 PSCU FINANCIAL 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 2195433 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 EPISYS CU CORE SYSTEM 547784 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 MEMBER PC BANKING SVCS 497802 KANSAS CITY SERIES OF LOCKTON COMPANIES C/O COMMERCE BANK PO BOX 802707 KANSAS CITY MO 641802707 VARIOUS CU INSURANCE PROTECTION SVCS 282934 FINANCIAL SERVICE CENTER COOPERATIVE IN 2855 E GUASTI ROAD SUITE 202 ONTARIO CA 917611247 SHARED BRANCH TRANSACTION SVCS 274849 10 INTEREST ON LOANS 522100 24673003 24673003 INTERCHANGE INCOME 522100 2726828 2725418 1410 FEE INCOME 522100 1506596 1331281 175315 CUSO/WEALTH SOLUTIONS INCOME 522100 241110 190498 50612 PROVISION FOR LOAN LOSS RECOVERY 522100 206151 206151 431929 423862 8067 29785617 2034383 2034383 12973 0 12973 12973 12973 122 -122 -122 -122 31832851 29550213 235404 2047234 122716 84500 5047668 1818532 7673468 720180 785288 687875 186222 56158 212151 8565 893957 515471 662745 1612223 283298 138862 130409 3226 554188 119388 LOAN EXPENSE 1337573 NONOPERATING EXPENSE 1107800 CU REWARDS PROGRAM 891333 SHARE DRAFT EXPENSE 850326 604670 27108792 480861 403257 64141125 87590842 267619 271014 543331609 561933227 578658 835203 18120112 11362205 6906829 6757907 27526998 23010393 13686297 13530601 656919996 694332444 5675692 5721498 40650 54942 15012822 0 549969570 597610683 570698734 603387123 X 0 0 0 0 86221262 90945321 86221262 90945321 656919996 694332444 4724059 0 X 0 1 X 1 0 3128 3128 3128 1 CALIFORNIA CREDIT UNION LEAGUE PO BOX 51476 ONTARIO CA 91761 942329967 3128 2758 PART I-A, LINE 1: THE CREDIT UNION MAKES AN ANNUAL CONTRIBUTION TO THE CALIFORNIA CREDIT UNION LEAGUES FEDERAL POLITICAL ACTION COMMITTEE. IN ADDITION, EMPLOYEES OF THE CREDIT UNION ARE ALLOWED TO MAKE CONTRIBUTIONS TO THE CALIFORNIA CREDIT UNION LEAGUES FEDERAL POLITICAL ACTION COMMITTEE THROUGH THE CREDIT UNION. 0 0 1700454 1700454 10101588 6060027 4041561 3903023 3266461 636562 2415047 2035717 379330 6757907 MEMBER SHARE DEPOSITS 597610683 597610683 0 INSTITUTE FOR GLOBAL ENGAGEMENT PO BOX 12205 ARLINGTON VA 22219 233042456 501(C)(3) 25000 PROGRAM SUPPORT INTERNATIONAL MINISTRIES - AMERICAN BAPTIST MISSION SOCIETY 1003 W 9TH AVE STE A KING OF PRUSSIA PA 19406 135563392 501(C)(3) 24644 PROGRAM SUPPORT MISSION AVIATION FELLOWSHIP 112 N PILATUS LN NAMPA ID 83687 951920983 501(C)(3) 47240 PROGRAM SUPPORT TRANSFORMATION MINISTRIES 222 E GLENARM STE B2 PASADENA CA 91106 951691317 501(C)(3) 16200 PROGRAM SUPPORT OPERATION MOBILIZATION 285 LYNNWOOD AVE TYRONE GA 30290 222513811 501(C)(3) 9632 PROGRAM SUPPORT 5 0 SCHOLARSHIP FOR STUDENTS ATTENDING CHRISTIAN COLLEGES 54 54000 SCHOLARSHIP FOR STUDENTS ATTENDING SECULAR COLLEGES 31 30500 PART I, LINE 2: THE CREDIT UNION INFORMS MEMBERS EACH YEAR OF THE AVAILABILITY OF SCHOLARSHIPS. AS MANY AS 100 APPLICATIONS ARE RECEIVED. A SCHOLARSHIP COMMITTEE REVIEWS, DEBATES, AND RATES THE WORTHINESS OF EACH REQUEST. DEPENDING ON HOW WELL THE CREDIT UNION DID THE PREVIOUS YEAR, SCHOLARSHIPS ARE AWARDED. THE CREDIT UNION DOES NOT MONITOR GRANT FUNDS ONCE THEY ARE DISBURSED. SCHOLARSHIPS ARE DISTRIBUTED TO THE RECIPIENTS. SCHOLARSHIP APPLICANTS ARE REQUIRED TO OPEN AN ACCOUNT WITH CCCU AND THE SCHOLARSHIP FUNDS ARE DEPOSITED INTO THEIR ACCOUNT. CCCU DOES NOT REQUIRE THAT THE SCHOLARSHIP FUNDS BE USED FOR ANY SPECIFIC SCHOOL RELATED EXPENSE, THUS THERE IS NO MONITORING INVOLVED. RENEWABLE SCHOLARSHIPS ARE AWARDED TO COLLEGE STUDENTS IN THE AMOUNT OF $1,000 PER SCHOOL YEAR. A SCHOLARSHIP COMMITTEE REVIEWS, DEBATES, AND RATES THE WORTHINESS OF EACH APPLICATION, AND SELECTS THE SCHOLARSHIP RECIPIENTS BASED ON THEIR QUALIFICATIONS. X X X 1 1 X X X X 0 1 0 MARJORIE HUGHES EVP/COO/INTERIM CEO 403270 0 13501 0 2322 0 7205 0 7926 0 434224 0 0 0 STANLEY WAHL SVP/CFO 323653 0 7980 0 6858 0 6701 0 1988 0 347180 0 0 0 JAMES SCOTT REITSMA SVP-MINISTRY DEVELOPMENT 283797 0 7692 0 3564 0 6459 0 24491 0 326003 0 0 0 DAVID SOUTH SVP-HUMAN RESOURCES 259467 0 6988 0 2147 0 5868 0 9540 0 284010 0 0 0 JON D MARTINEZ FORMER OFFICER 0 0 0 0 250000 0 0 0 0 0 250000 0 0 0 JOHN SILVIS SVP/CTO 209202 0 5989 0 389 0 3051 0 24866 0 243497 0 0 0 TIM LAWRENCE VP-MINISTRY DEVELOPMENT GR 176709 0 3778 0 613 0 0 0 27634 0 208734 0 0 0 REBECCA HINOJOSA AVP-RISK MANAGEMENT 134552 0 4418 0 666 0 0 0 20245 0 159881 0 0 0 PART I, LINE 1A SR. MANAGEMENT MAY PERIODICALLY APPROVE THE REIMBURSEMENT OF TRAVEL EXPENSES FOR A GUEST. THE IRS CONSIDERS REIMBURSEMENTS FOR GUEST TRAVEL A TAXABLE FRINGE BENEFIT TO THE EMPLOYEE. ALL REIMBURSEMENTS MADE FOR GUEST TRAVEL EXPENSES MUST BE SUBMITTED TO PAYROLL FOR TAXATION (MANAGEMENT EXPENSE POLICY) OR TO ACCOUNTS PAYABLE (NON-EMPLOYEES) FOR REPORTING ON 1099-MISC. PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICAPTED AND RECEIVED A DISTRIBUTION FROM A 457(F) NON-QUALIFIED RETIREMENT PLAN IN 2019: JOHN T. WALLING - $141,597 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CEO, CFO, AND THE VP OF ACCOUNTING. A COPY OF FORM 990 IS ALSO PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL STAFF AND OFFICIALS MUST COMPLETE AND SIGN THE POLICY ALONG WITH A QUESTIONNAIRE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD UTILIZES A PROFESSIONAL CREDIT UNION PERSONNEL AGENCY AND A CREDIT UNION INDUSTRY SALARY SURVEY. A BOARD COMMITTEE REVIEWS THE COMPILED RECOMMENDATIONS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART I, LINE 6 THE VOLUNTEERS SERVE ON THE BOARD OF DIRECTORS AND THE SUPERVISORY COMMITTEE. THEY GENERALLY MEET ONE DAY A MONTH. THE CHAIRMAN OF THE BOARD USUALLY VOLUNTEERS AN EXTRA DAY A MONTH. THEY ARE UNPAID.