2019-11-04T19:31:04-06:00 2018-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2018-01-01 880065951 CLARK COUNTY CREDIT UNION CLAR 7022282228 PO BOX 36490 LAS VEGAS NV 89133 PATRICIA OCHAL CFO 7022282228 2019-10-24 1 VALENTINO CREUS CPA P01054153 8189549700 24.176.202.186 2019-10-24 12:26:51 PD P 858CFD5BF01852FA2489562124A1344FB9A1C194 5829AE763B2B083171F9038F3D504D4D93C431F3 2018 2020-03-31 21:24:44Z MATTHEW KERSHAW PO BOX 36490 LAS VEGAS NV 89133 43338252 0 X WWW.CCCULV.ORG X CREDIT UNION 1951 NV A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS 7 7 237 12 930829 324385 0 0 37527923 36445687 2777412 5184611 0 26415 40305335 41656713 0 25131 0 0 11911585 13557921 0 0 0 10544025 21309960 22455610 34893012 17849725 6763701 717848200 771056238 631777585 678502692 86070615 92553546 X 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. 0 0 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 OUR MEMBERS REALIZE THEIR FINANCIAL GOALS AND DREAMS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 42598 0 1 237 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 0 1 1 1 0 X X PATRICIA OCHAL 7029393143 PO BOX 36490 LAS VEGAS NV 89133 ERIC JORGENSEN CHAIRPERSON 1.00 X 0 0 0 DEBORAH CONWAY VICE CHAIRPERSON 1.00 X 576 0 0 DOUGLAS SPRING SECRETARY / TREASURER 1.00 X 0 0 0 ALISE HANEY DIRECTOR 1.00 X 0 0 0 TED OLIVAS DIRECTOR 1.00 X 847 0 0 EDWARD ZAGALO DIRECTOR 1.00 X 0 0 0 MICHAEL SCHRAMM DIRECTOR 1.00 X 404 0 0 MARC JOSEPH SPV CMTE CHAIRMAN 1.00 X 894 0 0 SABRINA MERCADANTE SPV CMTE MEMBER 1.00 X 871 0 0 SPENCER LUTH SPV CMTE MEMBER 1.00 X 1049 0 0 STEVE MCLEAN SPV CMTE MEMBER 1.00 X 177 0 0 CURTIS MYLES SPV CMTE MEMBER 1.00 X 0 0 0 MATTHEW KERSHAW CHIEF EXECTIVE OFFICER 40.00 X 371857 0 34849 CHRISTIE JORDAN FORMER CHIEF FINANCIAL OFFICER 40.00 X 141050 0 14722 KELLI CULLEN CHIEF OPERATING OFFICER 40.00 X 189484 0 22794 JOSHUA HALDEMAN CHIEF LENDING OFFICER 40.00 X 192441 0 26021 FREDERICK HOWARD CHIEF TECHNOLOGY OFFICER 40.00 X 217166 0 18202 AMELIA REITER FORMER VP OF HUMAN RESOURCES 40.00 X 155371 0 14771 PATRICIA JOHNSON MORTGAGE LOAN OFFICER 40.00 X 365923 0 19211 RICHARD SMITH MEMBERS AUTO SALES REPRESENTATIVE 40.00 X 152190 0 15036 TERRI KIGHT MORTGAGE LOAN OFFICER 40.00 X 149148 0 20140 MO NEMATI DIRECTOR OF MORTGAGE LENDING 40.00 X 140593 0 25272 ROGER LOFTIS VP OF CUSO OPERATION - MEMBERS AUTO 40.00 X 134377 0 24109 2214418 0 235127 16 0 1 0 FISERV INC PO BOX 80123 CITY OF INDUSTRY CA 91716 CORE SYSTEM AND ONLINE BANKING 2223149 INTEGRATED BUILDERS GROUP 4980 GOLDEN FOOTHILL PKWY EL DORADO HILLS CA 95762 CONSTRUCTION CONTRACTOR 1796802 PETER J STODDARD 629 CERVANTES DRIVE HENDERSON NV 89014 ADVERTISING 828328 LENDING SOLUTIONS INC 2200 POINT BLVD ELGIN IL 60123 3RD PARTY CALL CENTER 524501 Q2 SOFTWARE INC PO BOX 205970 DALLAS TX 75320 ONLINE BANKING SYSTEM 338247 14 INTEREST ON LOANS 522100 25487752 25487752 OTHER OPERATING INCOME 522100 7211979 6532159 679820 FEE INCOME 522100 3745956 3494947 251009 36445687 5016150 5016150 1850000 1681539 168461 168461 168461 MABS - INVESTMENT INCO 522100 26415 26415 26415 41656713 40725884 930829 0 25131 2214418 8861246 1722245 760012 158619 134253 316569 1167239 4843083 918137 166910 5285326 1057892 MISC OPERATING EXPENSES 3248022 PROVISION FOR LOAN LOSS 3093921 LOAN SERVICING 660846 OPERATING FEES 259143 34893012 10231147 12055538 0 35459666 1704078 10451377 1148549 22321902 11280030 10580284 11041872 137851019 557942065 686585392 13853451 717848200 771056238 8163691 10917635 623613894 667585057 631777585 678502692 X 0 0 0 0 86070615 92553546 86070615 92553546 717848200 771056238 6763701 -280770 0 X X 0 1 X 1 0 4071134 4071134 8560595 3671681 4888914 1578767 1289106 289661 8093909 6312544 1781365 17497 6699 10798 11041872 ALL OTHER INVESTMETNS 4647054 C INVESTMENTS IN CUSOS 698945 C ASI DEPOSIT 8232035 C LOANS & LEASES 544099896 F LOANS HELD FOR SALE 264135 C 557942065 MEMBERS SHARES AND DEPOSITS 667585057 667585057 X PART X, LINE 2: 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 UNION'S 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, 2018, MANAGEMENT HAS DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS. 1 CHILDREN'S MIRACLE NETWORK HOSPITALS 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 870387205 501(C)(3) 6000 FMV CHILDREN'S MIRACLE NETWORK HOSPITALS RAISES FUNDS AND AWARENESS FOR 170 MEMBER HOSPITALS THAT PROVIDE 32 MILLION TREATMENTS EACH YEAR TO KIDS ACROSS THE U.S. AND CANADA. DONATIONS STAY LOCAL TO FUND CRITICAL TREATMENTS AND HEALTHCARE SERVICES, PEDIATRIC MEDICAL EQUIPMENT AND CHARITABLE CARE. SINCE 1983, CHILDREN'S MIRACLE NETWORK HOSPITALS HAS RAISED MORE THAN $5 BILLION, MOST OF IT $1 AT A TIME THROUGH THE CHARITY'S MIRACLE BALLOON ICON. ITS VARIOUS FUNDRAISING PARTNERS AND PROGRAMS SUPPORT THE NONPROFIT'S MISSION TO SAVE AND IMPROVE THE LIVES OF AS MANY CHILDREN AS POSSIBLE. ROSEMAN UNIVERSITY OF HEALTH SCIENCES 11 SUNSET WAY HENDERSON NV 89014 880435559 501(C)(3) 10100 FMV ROSEMAN UNIVERSITY OF HEALTH SCIENCES UTAH AND NEVADA CAMPUSES EDUCATE HEALTHCARE PROFESSIONALS AND ADVANCE HEALTHCARE EDUCATION THROUGH ITS INNOVATIVE EDUCATIONAL MODEL; IT CREATES AND DISSEMINATES NEW KNOWLEDGE; IT IMPACTS THE HEALTH, EDUCATION, AND WELLNESS OF THE COMMUNITIES IT SERVES, AND IT PROVIDES A COLLABORATIVE AND SUPPORTIVE ENVIRONMENT THAT ENABLES ITS STUDENTS, FACULTY, AND STAFF TO BE SUCCESSFUL. 2 X 1 1 X 0 1 0 MATTHEW KERSHAW CHIEF EXECTIVE OFFICER 265999 0 75000 0 30858 0 20603 0 14246 0 406706 0 0 0 CHRISTIE JORDAN FORMER CHIEF FINANCIAL OFFICER 83787 0 57099 0 164 0 10847 0 3875 0 155772 0 0 0 KELLI CULLEN CHIEF OPERATING OFFICER 140445 0 46192 0 2847 0 13890 0 8904 0 212278 0 0 0 JOSHUA HALDEMAN CHIEF LENDING OFFICER 121358 0 57814 0 13269 0 13986 0 12035 0 218462 0 0 0 FREDERICK HOWARD CHIEF TECHNOLOGY OFFICER 160315 0 52420 0 4431 0 10045 0 8157 0 235368 0 0 0 AMELIA REITER FORMER VP OF HUMAN RESOURCES 106965 0 47045 0 1361 0 11477 0 3294 0 170142 0 0 0 PATRICIA JOHNSON MORTGAGE LOAN OFFICER 20211 0 344651 0 1061 0 14660 0 4551 0 385134 0 0 0 RICHARD SMITH MEMBERS AUTO SALES REPRESENTATIVE 21023 0 131167 0 0 0 6345 0 8691 0 167226 0 0 0 TERRI KIGHT MORTGAGE LOAN OFFICER 19881 0 128344 0 923 0 11449 0 8691 0 169288 0 0 0 MO NEMATI DIRECTOR OF MORTGAGE LENDING 79145 0 58109 0 3339 0 10830 0 14442 0 165865 0 0 0 ROGER LOFTIS VP OF CUSO OPERATION - MEMBERS AUTO 56949 0 72569 0 4859 0 9523 0 14586 0 158486 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 LOANS 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, 2018 AND 2017, THE BALANCE OF THE LOAN TO THE CEO UNDER THIS ARRANGEMENT, NET OF APPLICABLE ALLOWANCES, WAS APPROXIMATELY $1,704,000 AND $1,719,000, RESPECTIVELY. MATTHEW KERSHAW OFFICER FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY X 1700000 1704078 0 1 1 1704078 FORM 990, PART VI, SECTION A, LINE 6 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 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 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. MEMBER 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 THE 990 IS REVIEWED ANNUALLY BY THE CEO, STATE EXAMINERS AND CPA FIRM FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY IS IN EFFECT. FORM 990, PART VI, SECTION B, LINE 15 THE GOVERNING BOARD REVIEW SALARY FOR THE CEO AND THE CEO REVIEWS SALARY FOR SENIOR MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 CLARK COUNTY CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO ITS MEMBERS UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. MEMBERS AUTO BROKERAGE INC PO BOX 36490 LAS VEGAS NV 89133 880394216 USED CAR SALES NV C 1303532 972063 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 MEMBERS AUTO BROKERAGE INC P 1109643 ACTUAL AMOUNT PAID