2019-11-15T17:15:49-06:00 2018-12-31 420714325 RSM US LLP 801 NICOLLET MALL WEST TOWER STE 1100 MINNEAPOLIS MN 554022526 990 2018-01-01 951981100 CHRISTIAN COMMUNITY CREDIT UNION CHRI 8003472228 255 N LONE HILL AVENUE SAN DIMAS CA 917732308 STANLEY WAHL SVP/CFO 8003472228 2019-11-15 1 KACIE MCEWEN P01599614 6123324300 66.98.98.3 2019-11-15 13:46:27 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B56786F7D21A8F39D00ED83C272556B8DDCB8C36 2018 2020-04-17 16:48:07Z MARJORIE HUGHES 255 N LONE HILL AVENUE SAN DIMAS CA 917732308 30577661 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. 7 7 142 10 278230 0 0 0 27815707 28901434 1195040 1675734 400870 493 29411617 30577661 324669 268804 3083008 3437740 11761247 11983062 0 0 0 9423850 9476100 24592774 25165706 4818843 5411955 653582694 656919996 572773387 570698734 80809307 86221262 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 12/31/18 OUR MEMBERS HAD $549,969,570, ON DEPOSIT IN INSURED ACCOUNTS IN THE CREDIT UNION. THE CREDIT UNION HAS 74,091,788, IN SAVINGS ACCOUNTS, $148,122,715, IN CHECKING ACCOUNTS, $136,248,905, IN MONEY MARKET, AND $191,506,163, CERTIFICATES OF DEPOSIT. THE AVERAGE RATE OF RETURN ON THESE ACCOUNTS AT YEAR END WAS .66%. IRA CERTIFICATE ACCOUNTS EARNED 2.078%. NON-IRA CERTIFICATES EARNED 2.078% AT YEAR END. THE CREDIT UNION BEGAN THE YEAR WITH 30,831 MEMBERS AND ENDED THE YEAR WITH 31,137 FOR A INCREASE OF 306 NEW MEMBERS OR .99%. THE CREDIT UNION HAS 1,587 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 $228,875,187 IN RETAIL FIRST TRUST DEED LOANS AS OF 12/31/18. THEY REPRESENT 42% OF OUR LOAN PORTFOLIO AND 35% OF OUR TOTAL ASSETS. THE AVERAGE RATE ON THESE LOANS WAS 3.74%. THE PORTFOLIO INCREASED $22,260,494 OR 10.77% DURING 2018. THE DELINQUENCY RATIO FOR THE PORTFOLIO AT YEAR END WAS .15%. 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 $258,552,982 IN OUTSTANDING FIRST TRUST DEED LOANS TO CHURCHES AND MINISTRIES AS OF 12/31/18. THEY REPRESENT 47% OF OUR LOAN PORTFOLIO AND 39% OF OUR TOTAL ASSETS. THE AVERAGE RATE ON THESE LOANS WAS 4.91%. THE PORTFOLIO DECREASED $12,956,946 DURING 2018 OR 4.77%. THE DELINQUENT LOAN RATIO FOR THE PORTFOLIO AT YEAR END WAS 2.01%.CREDIT UNION CONSUMER LENDING: THE CREDIT UNION HAS $22,160,224 IN CAR LOANS, $24,771,038 IN CREDIT CARD ACCOUNTS AND $3,285,473 IN STUDENT LOANS. 0 0 1 0 0 0 0 1 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 8366 0 1 142 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X STAN WAHL 8003472228 255 N LONE HILL AVENUE SAN DIMAS CA 91773 JOHN T WALLING PRESDIDENT/CEO (UNTIL JAN 3)/TREAUSER (JAN-DEC) 40.00 X X 227959 0 3068 JOHN PEARSON CHAIR(JAN1-MAR16)/DIRECTOR (MAR17-DEC31) 1.00 X X 3962 0 0 MICHAEL PATE VICE CHAIR(JAN1-MAR16)/CHAIR (MAR17-DEC31) 1.00 X X 3975 0 0 CATHY BARRETT SECRETARY 1.00 X X 3986 0 0 DAVID BARTON DIRECTOR (JAN-MARCH) 1.00 X 4035 0 0 RICK BEE DIRECTOR 1.00 X 4067 0 0 THOMAS MATLOCK DIRECTOR 1.00 X 2764 0 0 DALE TORRY DIRECTOR 1.00 X 4573 0 0 JOHN D MARTINEZ PRESIDENT/CEO 40.00 X 578967 0 39497 STANLEY WAHL SVP/CFO 40.00 X 297288 0 8467 DAVID ESTRIDGE EXECUTIVE VICE PRESIDENT 40.00 X 466826 0 14864 MARJORIE HUGHES SVP/COO 40.00 X 362106 0 14106 JAMES SCOTT REITSMA SVP-MINISTRY DEVELOPMENT 40.00 X 285195 0 29415 DAVID SOUTH SVP-HUMAN RESOURCES 40.00 X 269950 0 14857 DONNA ESSE VP-ELECTRONIC SERVICES 40.00 X 136604 0 6807 RONA FORD VP-MDG OPERATIONS 40.00 X 127366 0 7715 REBECCA HINAJOSA AVP-RISK MANAGEMENT 40.00 X 130437 0 19879 TIM LAWRENCE VP-MINISTRY DEVELOPMENT GR 40.00 X 127550 0 26214 JOHN SILVIS VP - INFORMATION SYSTEMS 40.00 X 181037 0 23433 3218647 0 208322 21 0 1 0 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 2395627 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 CORE SYSTEM SERVICE 537351 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 900740641 PC BANKING 299057 FINANCIAL SERVICE CENTER COOPERATIVE IN 2855 E GUASTI ROAD SUITE 202 ONTARIO CA 917611249 SHARE BRANCH TRANSACTIONS 257872 CU COOPERATIVE SYSTEMS INC 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 ATM & VISA CHECK CARD 129895 10 INTEREST ON LOANS 522100 23521358 23521358 INTERCHANGE INCOME 522100 2727596 2726136 1460 FEE INCOME 522100 1381484 1243312 138172 OTHER NON-OPERATING INCOME 522100 899756 761158 138598 PROVISION FOR LOAN LOSS RECOVERY 522100 317000 317000 54240 54240 28901434 1557193 1557193 493 0 493 493 493 118541 0 118541 118541 118541 30577661 28623204 278230 1676227 208804 60000 3437740 2612565 7180884 749728 775218 664667 24830 61071 120000 638653 1555847 1258971 1688037 500318 10510 62882 24916 536952 LOAN EXPENSE 1330968 SHARE DRAFT EXPENSE 906515 MISC. OPERATION EXPENSE 394849 360781 25165706 453754 480861 62332117 64141125 257324 267619 528514251 543331609 413664 578658 17955500 11048671 7290419 6906829 39751573 27526998 14569592 13686297 653582694 656919996 15813746 5675692 38584 40650 2264 0 15012822 556918793 549969570 572773387 570698734 X 0 0 0 0 80809307 86221262 80809307 86221262 653582694 656919996 5411955 0 X 0 1 X 1 0 3022 3022 3022 1 CALIFORNIA CREDIT UNION LEAGUE PO BOX 51476 ONTARIO CA 91761 942329967 3022 5980 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 1 X 1700454 1700454 10199206 5922452 4276754 3801418 3199507 601911 2254422 1926712 327710 6906829 MEMBER SHARE DEPOSITS 549969570 549969570 PART IV, LINE 2B: THE CREDIT UNION IS A LOAN SERVICER FOR FMAC LOANS. THE CREDIT UNION IS REQUIRED BY FMAC TO COLLECT FUNDS FROM BORROWERS IN ADDITION TO THE REGULAR SCHEDULED PAYMENT TO PAY PREVIOUS AND FUTURE YEAR PROPERTY TAXES. THE IMPOUND ACCOUNT FUNDS COLLECTED FROM THE LOANS ARE POSTED TO A GENERAL LEDGER ACCOUNT AND THE FUNDS SHOW UP AS A LIABILITY ON THE BALANCE SHEET. THE CREDIT UNION PAYS PROPERTY THE TAXES FROM THESE FUNDS WHEN DUE. 0 MISSION AVIATION FELLOWSHIP 970 S VILAGE OAKDS DRIVE STE 101 COVINA CA 91724 951920983 501(C)(3) 51647 PROGRAM SUPPORT BIOLA UNIVERSITY 13800 BIOLA AVE LA MIRADA CA 90639 950549600 501(C)(3) 9681 PROGRAM SUPPORT TRANSFORMATION MINISTRIES 970 S VILAGE OAKS DRIVE STE 101 COVINA CA 91724 951691317 501(C)(3) 13333 PROGRAM SUPPORT INTERNATIONAL MINISTRIES - AMERICAN BAPTIST FOREIGN MISSION SOCIETY 1003 W 9TH AVE STE A KING OF PRUSSIA PA 19406 135563392 501(C)(3) 15509 PROGRAM SUPPORT OPERATION MOBILIZATION PO BOX 444 TYRONE GA 30290 222513811 501(C)(3) 25670 PROGRAM SUPPORT/FREEDOM CHALLENGE AMERICAN BAPTIST CHURCHES USA PO BOX 851 VALLEY FORGE PA 19482 135563018 501(C)(3) 10000 PROGRAM SUPPORT REBIRTH HOMES INC PO BOX 2291 RIVERSIDE CA 92516 463198303 501(C)(3) 10000 PROGRAM SUPPORT 7 0 SCHOLARSHIP FOR STUDENTS ATTENDING CHRISTIAN COLLEGES 38 38000 SCHOLARSHIP FOR STUDENTS ATTENDING SECULAR COLLEGES 22 22000 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 JOHN T WALLING PRESDIDENT/CEO (UNTIL JAN 3)/TREAUSE 89692 0 0 0 138267 0 0 0 3068 0 231027 0 138267 0 JOHN D MARTINEZ PRESIDENT/CEO 574164 0 0 0 4803 0 0 0 39497 0 618464 0 0 0 STANLEY WAHL SVP/CFO 280199 0 10231 0 6858 0 6538 0 1930 0 305756 0 0 0 DAVID ESTRIDGE EXECUTIVE VICE PRESIDENT 432097 0 25308 0 9421 0 6609 0 8255 0 481690 0 0 0 MARJORIE HUGHES SVP/COO 347961 0 11823 0 2322 0 6609 0 7497 0 376212 0 0 0 JAMES SCOTT REITSMA SVP-MINISTRY DEVELOPMENT 271817 0 9862 0 3516 0 6302 0 23113 0 314610 0 0 0 DAVID SOUTH SVP-HUMAN RESOURCES 260988 0 4371 0 4591 0 5725 0 9132 0 284807 0 0 0 REBECCA HINAJOSA AVP-RISK MANAGEMENT 125274 0 4602 0 561 0 0 0 19879 0 150316 0 0 0 TIM LAWRENCE VP-MINISTRY DEVELOPMENT GR 123223 0 3799 0 528 0 0 0 26214 0 153764 0 0 0 JOHN SILVIS VP - INFORMATION SYSTEMS 174928 0 5775 0 334 0 0 0 23433 0 204470 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 2018: JOHN T. WALLING - $137,958 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 PAYROLL. 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.