2020-11-16T12:20:05-06:00 2019-12-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2019-01-01 880065951 Clark County Credit Union % PATRICIA OCHAL CLAR 7022282228 PO BOX 36490 Las Vegas NV 89133 PATRICIA OCHAL CFO 7022282228 2020-11-15 true MICHAEL J SUMMERS P00838533 3173834000 2020-11-15 167.68.126.162 43033020203215000008 2020-11-16 P E25001BD368CE386F606FD1343850DF62C5FBA5E 46BF5373D547207CF7D9FE28F922B5253A4A19B9 2019 2022-01-07 14:23:13Z MATTHEW KERSHAW PO BOX 36490 LAS VEGAS NV 89133 45397628 false X WWW.CCCULV.ORG X 1951 NV A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 7 7 256 12 927843 238773 0 0 36445687 39870431 5184611 5527197 26415 0 41656713 45397628 25131 35000 0 0 13557921 14078732 0 0 0 21309960 21623899 34893012 35737631 6763701 9659997 771056238 860178388 678502691 753972013 92553547 106206375 X SEE SCHEDULE O false false CLARK COUNTY CREDIT UNION CONTINUES TO GROW ITS MEMBER BASE AND ASSET SIZE AT A RATE OF ABOUT 8% PER YEAR WITH LOAN GROWTH ON TRACK TO EXCEED OUR 10% GOAL. USING A MULTI-MEDIA MARKETING APPROACH COMBINED WITH PERSONAL CUSTOMER SERVICE AND CUSTOMIZED LENDING OPTIONS, CCCU IS LIVING UP TO OUR MISSION OF HELPING MEMBERS REALIZE THEIR FINANCIAL GOALS AND DREAMS. false false true false false false false false false true false true false true true false true false false false false false false false false false false false true false true false false false false false false false false false true false false true 40791 0 true 256 true true true false false false false false false false false false false false X 7 7 false false false false true true true true true false true true false true true true false true true true false X X PATRICIA OCHAL 7029393143 PO BOX 36490 LAS VEGAS NV 89133 MATTHEW KERSHAW CHIEF EXECUTIVE OFFICER 40.0 0.0 X 374486 0 20648 PATRICIA JOHNSON REAL ESTATE LOAN OFFICER 40.0 0.0 X 286314 0 13922 FRED HOWARD CHIEF TECHNOLOGY OFFICER 40.0 0.0 X 228752 0 9826 JOSHUA HALDEMAN CHIEF LENDING OFFICER 40.0 0.0 X 198286 0 14425 PATRICIA OCHAL CHIEF FINANCIAL OFFICER 40.0 0.0 X 193668 0 548 CHRIS SCHLAFFMAN VP COMMERCIAL LENDING MANAGER 40.0 0.0 X 173354 0 3824 OJANG DAWOODI MEMBERS AUTO SALE REP 40.0 0.0 X 149081 0 12553 TERRI KIGHT END 0226 REAL ESTATE LOAN OFFICER 40.0 0.0 X 122412 0 11734 ROGER LOFTIS VP OF CUSO OPERATION 40.0 0.0 X 119948 0 12935 SHANNON HILLER CHIEF MARKETING OFFICER 40.0 0.0 X 131205 0 450 JESSICA GAFENEY AVP OF SALES AND SERVICE 40.0 0.0 X 115651 0 12754 DAVID UPHAM CHIEF OPERATING OFFICER 40.0 0.0 X 105282 0 0 ED ZAGALO BOARD MEMBER 1.0 0.0 X 0 0 0 LEE HANEY BOARD MEMBER 1.0 0.0 X 0 0 0 TED OLIVAS BOARD MEMBER 1.0 0.0 X 0 0 0 ERIC JORGENSON CHAIRMAN OF BOARD 1.0 0.0 X 0 0 0 DEBBIE CONWAY BOARD MEMBER 1.0 0.0 X 0 0 0 MICHAEL SCHRAMM BOARD MEMBER 1.0 0.0 X 0 0 0 DOUG SPRING BOARD MEMBER 1.0 0.0 X 0 0 0 2198439 0 113619 22 false true false FISERV INC PO BOX 80123 CITY OF INDUSTRY CA 91716 CORE SYSTEM 2300585 PETER J STODDARD 629 CERVANTES DRIVE HENDERSON NV 89014 ADVERTISING 599674 JA TIBERTI CONSTRUCTION CO INC 1806 INDUSTRIAL ROAD LAS VEGAS NV 89102 CONSTRUCTION 267175 AMERICAN SHARE INSURANCE 5656 FRANTZ ROAD DUBLIN OH 43017 DEPOSIT INSURANCE 709745 ACG INC 5010 MCGINNIS FERRY ROAD ALPHARETTA GA 30005 ATM PROVIDER 308873 18 0 INTEREST - LOANS 522100 30415257 30415257 INTERCHANGE INCOME 522100 4212097 3900938 311159 SERVICE & MEMBER FEES 522100 2181400 2181400 OTHER OPERATING INCOME 522100 2218528 1601844 616684 GAP INSURANCE 522100 843149 843149 39870431 4890358 4890358 0 0 0 0 0 636839 636839 636839 636839 0 0 0 0 0 0 0 0 0 0 45397628 44469785 927843 35000 0 0 0 1454754 0 10158424 403994 1133420 928140 292535 101949 148904 0 0 0 686301 1136442 3838201 540660 0 1308070 127488 0 0 6718929 0 780263 190184 PROVISION FOR LOAN LOSS 2153482 VISA FEES/CHARGES 1535378 BILL PAYER FEES 1036813 LOAN SERVICING 879299 149001 35737631 12055538 14116656 35459666 52288045 0 0 0 0 1704078 1712113 0 0 0 0 0 0 1148549 1292832 26030323 12438643 11041872 13591680 137851019 149341290 0 0 557942065 612115347 0 0 13853451 15720425 771056238 860178388 10917634 11893111 0 0 0 0 0 0 0 0 0 0 0 0 0 0 667585057 742078902 678502691 753972013 X 0 0 0 0 92553547 106206375 92553547 106206375 771056238 860178388 9659997 3992831 X false true X true false 10000 10000 10000 false NEVADA CREDIT UNION LEAGUE 2855 E GUASTI ROAD SUITE 600 ONTARIO CA 91761 880106501 10000 0 PART I-A, LINE 1 DESCRIPTION OF POLITICAL CAMPAIGN ACTIVITIES: CLARK COUNTY CREDIT UNION MADE A DISTRIBUTION IN THE AMOUNT OF $10,000 TO THE NEVADA CREDIT UNION LEAGUE FEDERAL POLITICAL ACTION COMMITTEE, A SECTION 527 ORGANIZATION. 4071134 4071134 11518092 3990827 7527265 1866353 1455440 410913 8478709 6992376 1486333 96035 96035 13591680 LOANS TO MEMBERS 588453633 F LOANS HELD FOR SALE 9490036 C ASI SHARE INSURANCE 8852122 C ALL OTHER INVESTMENTS 4582663 C INVESTMENT IN CUSOS 736893 C 612115347 0 MEMBERS SHARES AND DEPOSITS 714878902 FHLB ADVANCES 27200000 742078902 X 40518048 3992831 3992831 36525217 8872411 8872411 45397628 26865220 26865220 8872411 8872411 35737631 SCHEDULE D, PART X, LINE 2 FIN 48 DISCLOSURE: FASB ASC 740-10-65, Income Taxes, provides guidance for how uncertain tax positions should be recognized, measured, disclosed and presented in the consolidated financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Credit Unions tax returns to determine whether the tax positions are more likely than not of being sustained when challenged or when examined by the applicable tax authority. Tax positions deemed to not meet the more-likely-than-not threshold should be recorded as a tax expense and liability in the current year. For the year ended December 31, 2019, management has determined that the Credit Union has no uncertain tax positions. SCHEDULE D, PART XI & XII, LINE 4B OTHER ADJUSTMENTS: INTEREST EXPENSE 6,718,929 LOAN LOSSES 2,153,482 TOTAL ADJUSTMENT $ 8,872,411 X true true X false true false MATTHEW KERSHAW CHIEF EXECUTIVE OFFICER 312659 0 50000 0 11827 0 20648 0 0 0 395134 0 0 0 PATRICIA OCHAL CHIEF FINANCIAL OFFICER 189488 0 4180 0 0 0 548 0 0 0 194216 0 0 0 FRED HOWARD CHIEF TECHNOLOGY OFFICER 178962 0 49790 0 0 0 9826 0 0 0 238578 0 0 0 JOSHUA HALDEMAN CHIEF LENDING OFFICER 151329 0 40986 0 5971 0 14425 0 0 0 212711 0 0 0 PATRICIA JOHNSON REAL ESTATE LOAN OFFICER 19169 0 267145 0 0 0 12727 0 1195 0 300236 0 0 0 OJANG DAWOODI MEMBERS AUTO SALE REP 21565 0 127516 0 0 0 11358 0 1195 0 161634 0 0 0 CHRIS SCHLAFFMAN VP COMMERCIAL LENDING MANAGER 106392 0 66962 0 0 0 0 0 3824 0 177178 0 0 0 PART I, LINE 4B: THE CREDIT UNION ENTERED INTO A SPLIT-DOLLAR AGREEMENT WITH THE CEO. UNDER THE ARRANGEMENT, THE CREDIT UNION MAKES A LOAN TO THE EXECUTIVE EQUAL TO THE LIFE INSURANCE POLICY PREMIUMS. THE EXECUTIVE ASSIGNS THE INSURANCE POLICY TO THE CREDIT UNION AS COLLATERAL FOR REPAYING THE PREMIUMS AND BORROWS FROM THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE CREDIT UNION IS REPAID FROM THE POLICY'S DEATH PROCEEDS. INTEREST ACCRUES ON THE LOAN AT THE APPLICABLE FEDERAL RATE AT THE TIME OF THE ADVANCE. ANY PRINCIPAL OR INTEREST NOT REPAID UNDER THE ARRANGEMENTS IS TAXABLE TO THE EXECUTIVE. DURING THE YEAR ENDED DECEMBER 31, 2017, THE CREDIT UNION ADVANCED $1,700,000 TO THE EXECUTIVE IN ORDER TO COVER THE PREMIUMS. THE TOTAL FUNDING INCLUDES ONE YEAR OF PREMIUM AND SIX ADDITIONAL PREMIUM COMMITMENTS OF $254,512 PER YEAR, HELD IN A PREMIUM DEPOSIT ACCOUNT AT MINNESOTA LIFE INSURANCE COMPANY, CURRENTLY RATED A+ (SUPERIOR) BY A.M. BEST COMPANY, AN INSURANCE INDUSTRY RATING AGENCY. THE CREDIT UNION RECORDS A LOAN RECEIVABLE AT THE LESSER OF THE CASH SURRENDER VALUE OF THE POLICY OR THE LOAN AMOUNT PLUS ACCRUED INTEREST. AS OF DECEMBER 31, 2019 AND 2018, THE BALANCE OF THE LOAN TO THE CEO UNDER THIS ARRANGEMENT, NET OF APPLICABLE ALLOWANCE, WAS APPROXIMATELY $1,712,000 AND $1,704,000, RESPECTIVELY. MATTHEW KERSHAW OFFICER FUND PURCHASE OF LIF X 1700000 1712113 false true true 1712113 SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS: (A) NAME OF PERSON: MATTHEW KERSHAW (C) PURPOSE OF LOAN: FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY FORM 990, PART III, LINE 1 DESCRIPTION OF ORGANIZATION MISSION: BOARD APPROVED MISSION: TO HELP CLARK COUNTY CREDIT UNION MEMBERS REALIZE THEIR FINANCIAL GOALS AND DREAMS. CLARK COUNTY CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, CLARK COUNTY CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFIT, OR SERVICE OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. FORM 990, PART VI, SECTION A, LINE 6: MEMBERS OR STOCKHOLDERS: CLARK COUNTY CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS, AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. CLARK COUNTY CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE GOVERNING BODY: THE GOVERNING BOARD OF CLARK COUNTY CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY ITS BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B: BOARD ELECTIONS: AT THE END OF EACH TERM OF THE BOARD MEMBERS, ELECTIONS ARE HELD AND BOARD MEMBERS ARE VOTED BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. MEMBERS VOTES ARE ALSO REQUIRED TO RATIFY DECISIONS DEALING WITH REORGANIZATIONS AS IN THE CASE OF MERGER OR DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990: THE FORM 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER PRIOR TO FILING THE RETURN. THE FORM 990 IS ALSO REVIEWED BY STATE EXAMINERS AND AN INDEPENDENT ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C: CONFLICT OF INTEREST POLICY: CLARK COUNTY CREDIT UNION REGULARLY MONITORS AND ENFORCES THE COMPLIANCE OF THEIR CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A AND 15B: REVIEW OF COMPENSATION: THE GOVERNING BOARD REVIEW SALARY FOR THE CEO AND THE CEO REVIEWS SALARY FOR SENIOR MANAGEMENT. FORM 990 PART VI, SECTION C, LINE 19: AVAILABILITY OF FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS: CLARK COUNTY CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO ITS MEMBERS UPON REQUEST. MEMBERS AUTO BROKERAGE INC PO BOX 36490 LAS VEGAS NV 89133 880394216 USED CAR SALES NV CLARK COUNTY CU C CORP 1355538 990010 1.00000 true false false false true false false false false false true false false false true true false true false false MEMBERS AUTO BROKERAGE INC D 364000 LOAN AMOUNT MEMBERS AUTO BROKERAGE INC J,N 54120 RENT AMOUNT MEMBERS AUTO BROKERAGE INC O,Q 56496 PAYROLL AMOUNT