2017-01-20T08:10:53-06:00 2015-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2015-01-01 951981100 CHRISTIAN COMMUNITY CREDIT UNION CHRI 8003472228 255 N LONE HILL AVENUE SAN DIMAS CA 91773 JOHN T WALLING PRESIDENT/CEO 8003472228 2017-01-18 1 GERALD B KISSELL P00092658 6123324300 2015 2021-01-29 14:40:06Z JOHN T WALLING 255 N LONE HILL AVENUE SAN DIMAS CA 91773 27234239 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 6 148 10 156439 -83344 0 0 28115232 26943240 282669 208022 373693 20864 28771594 27172126 232596 239133 3892430 3930930 11689939 11886454 0 0 0 8378997 7431637 24193962 23488154 4577632 3683972 579670224 623709398 510805017 551160219 68865207 72549179 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 12/31/15 OUR MEMBERS HAD $500,733,316 ON DEPOSIT IN INSURED ACCOUNTS IN THE CREDIT UNION. THE CREDIT UNION HAS $64,549,070, IN SAVINGS ACCOUNTS, $148,452,439, IN CHECKING ACCOUNTS, $122,391,927, IN MONEY MARKET, AND $177,673,017, CERTIFICATES OF DEPOSIT. THE AVERAGE RATE OF RETURN ON THESE ACCOUNTS AT YEAR END WAS .664%. IRA CERTIFICATE ACCOUNTS EARNED 1.71%. NON-IRA CERTIFICATES EARNED 1.40% AT YEAR END. THE CREDIT UNION BEGAN THE YEAR WITH 29,600 MEMBERS AND ENDED THE YEAR WITH 30,968 FOR A INCREASE OF 1,368 NEW MEMBERS OR 4.6%. THE CREDIT UNION HAS 2,023 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 $164,512,065 IN OUTSTANDING RETAIL FIRST TRUST DEED LOANS AS OF 12/31/15. THEY REPRESENT 35.4% OF OUR LOAN PORTFOLIO AND 26.4% OF OUR TOTAL ASSETS. THE AVERAGE RATE ON THESE LOANS WAS 3.49%. THE PORTFOLIO INCREASED $22,967,838 OR 16.23% DURING 2015. THE DELINQUENCY RATIO FOR THE PORTFOLIO AT YEAR END WAS .61%. 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 $300,404,644 IN OUTSTANDING FIRST TRUST DEED LOANS TO CHURCHES AND MINISTRIES AS OF 12/31/15. THEY REPRESENT 64.6% OF OUR LOAN PORTFOLIO AND 48% OF OUR TOTAL ASSETS. THE AVERAGE RATE ON THESE LOANS WAS 4.83%. THE PORTFOLIO DECREASED $24,318,423 DURING 2015 OR 8.39%. THE DELINQUENT LOAN RATIO FOR THE PORTFOLIO AT YEAR END WAS 1.07%. CREDIT UNION CONSUMER LENDING: THE CREDIT UNION HAS $8,515,121 IN CAR LOANS, $22,604,504 IN RETAIL CREDIT CARD ACCOUNTS AND $3,115,068 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 1 0 0 0 0 0 0 0 0 0 0 0 1 14006 0 1 148 1 1 1 0 0 0 0 0 X 7 6 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 PEARSON CHAIR 1.00 X X 0 0 0 MICHAEL PATE VICE CHAIR 1.00 X X 5836 0 0 JOHN T WALLING TREASURER/PRESDIENT/CEO 40.00 X X 625531 0 83857 DENNIS ENDERT SECRETARY 1.00 X X 0 0 0 EDUARDO FONT DIRECTOR 1.00 X 0 0 0 CATHY BARRETT DIRECTOR 1.00 X 4764 0 0 THOMAS MATLOCK DIRECTOR 1.00 X 0 0 0 STANLEY WAHL SVP/CFO 40.00 X 268550 0 31966 DAVID ESTRIDGE EXECUTIVE VICE PRESIDENT 40.00 X 403427 0 50661 MARJORIE HUGHES SVP/COO 40.00 X 300171 0 39244 JAMES SCOTT REITSMA SVP-MINISTRY DEVELOPMENT 40.00 X 268949 0 48246 DAVID SOUTH SVP-HUMAN RESOURCES 40.00 X 226963 0 32764 JOHN SILVIS VP - INFORMATION SYSTEMS 40.00 X 154518 0 35766 LARRY MONTGOMERY VP-MINISTRY DEVELOPMENT GR 40.00 X 113128 0 18940 DONNA ESSE VP-ELECTRONIC SERVICES 40.00 X 116139 0 18739 TIM LAWRENCE VP-MINISTRY DEVELOPMENT GR 40.00 X 123187 0 32629 MARTHA ARCHER AVP-RISK MANAGEMENT 40.00 X 114937 0 19666 2726100 0 412478 11 0 1 0 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 2229570 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 CORE SYSTEM SERVICE 631226 DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 90051 PC BANKING 425386 SAN DIEGO INSURANCE STAFFING 3717 CAMINO DEL RIO SOUTH STE 100 SAN DIEGO CA 92108 TEMPORARY STAFFING SERVICES 287128 FINANCIAL SERVICE CENTER COOPERATIVE IN 2855 E GUASTI ROAD SUITE 202 ONTARIO CA 91761 SHARE BRANCH TRANSACTIONS 177183 15 INTEREST ON LOANS 522100 22251571 22251571 INTERCHANGE INCOME 522100 2537375 2537375 FEE INCOME 522100 1617337 1460898 156439 OTHER OPERATING INCOME 522100 536957 536957 26943240 221264 221264 58945 48871 10074 10074 10074 13242 -13242 -13242 -13242 LOAN SERVICING MARK TO MARKET 522100 30539 30539 LOSS ON SERP PORTFOLIOS 522100 -19749 -19749 10790 27172126 26797591 156439 218096 183633 55500 3930930 2385402 7230121 810929 788229 671773 18782 120000 245678 1633420 1350254 397084 8401 234670 805420 LOAN SERVICING EXPENSES 1548512 SHARE DRAFT EXPENSES 781254 OTHER EXPENSES 288162 23488154 432152 424589 63649840 98609160 262835 317963 487126494 496346627 415390 495960 17893283 9598210 8259845 8295073 6000000 6000000 13523668 13220026 579670224 623709398 7813119 7166556 44433 30777 4883 4305 502942582 543958581 510805017 551160219 X 0 0 0 0 68865207 72549179 68865207 72549179 579670224 623709398 3683972 0 X 0 1 X 1 0 2923 2923 2923 1 CALIFORNIA CREDIT UNION LEAGUE PAC PO BOX 54476 ONTARIO CA 917610076 942329967 2923 PART I-A, LINE 1: THE CREDIT UNION MAKES AN ANNUAL CONTRIBUTION TO THE CALIFORNIA CREDIT UNION LEAGUE FEDERAL POLITICAL ACTION COMMITTEE. 0 1 X 1737686 1737686 10009368 4830244 5179124 3967252 3213816 753436 2178977 1554150 624827 8295073 MEMBER SHARE DEPOSITS 543958581 543958581 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 TAXES FROM THESE FUNDS WHEN DUE. 1 BIOLA UNIVERSITY 13800 BIOLA AVE LA MIRADA CA 90639 950549600 501(C)(3) 36917 EDUCATIONAL SUPPORT THROUGH CREDIT CARD PARTNERSHIP PROGRAM INTERNATIONAL MINISTRIES PO BOX 851 VALLEY FORGE PA 19482 135563018 501(C)(3) 24234 MISSIONARY SUPPORT THROUGH CREDIT CARD PARTNERSHIP PROGRAM MISSION AVIATION FELLOWSHIP PO BOX 47 NAMPA ID 83653 951920983 501(C)(3) 69382 MISSIONARY SUPPORT THROUGH CREDIT CARD PARTNERSHIP PROGRAM GROWING HEALTHY CHURCHES 2410 RAMON ST SAN RAMON CA 94583 941156607 501(C)(3) 10000 GENERAL SUPPORT AMERICAN BAPTIST CHURCHES OF THE USA PO BOX 851 VALLEY FORGE PA 19482 135563018 501(C)(3) 25000 GENERAL SUPPORT ASIAN ACCESS PO BOX 3307 CERRITOS CA 90703 956120630 501(C)(3) 10000 GENERAL SUPPORT 8 SCHOLARSHIPS FOR STUDENTS ATTENDING CHRISTIAN COLLEGES 37 36500 SCHOLARSHIPS FOR STUDENTS ATTENDING SECULAR COLLEGES 19 19000 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. SCHOLARSHIP FUNDS ARE DISTRIBUTED DIRECTLY 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. X X X 1 1 X X X X 0 1 0 JOHN T WALLING TREASURER/PRESDIENT/CEO 548994 0 55490 0 21047 0 58344 0 25885 0 709760 0 0 0 STANLEY WAHL SVP/CFO 242513 0 23000 0 3037 0 30599 0 3081 0 302230 0 0 0 DAVID ESTRIDGE EXECUTIVE VICE PRESIDENT 358737 0 35210 0 9480 0 48204 0 2997 0 454628 0 0 0 MARJORIE HUGHES SVP/COO 273367 0 25700 0 1104 0 30599 0 9171 0 339941 0 0 0 JAMES SCOTT REITSMA SVP-MINISTRY DEVELOPMENT 242793 0 23120 0 3036 0 30599 0 18144 0 317692 0 0 0 DAVID SOUTH SVP-HUMAN RESOURCES 205175 0 20800 0 988 0 26240 0 8247 0 261450 0 0 0 JOHN SILVIS VP - INFORMATION SYSTEMS 146515 0 6318 0 1685 0 17619 0 19327 0 191464 0 0 0 TIM LAWRENCE VP-MINISTRY DEVELOPMENT GR 108124 0 14730 0 333 0 13888 0 25307 0 162382 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 CREDIT UNION HAS A NON-QUALIFIED DEFERRED COMPENSATION PLAN IN PLACE FOR CERTAIN EXECUTIVES AS DESCRIBED IN SECTION 457(F). AMOUNTS ACCRUED UNDER SUCH PLAN ARE PROPERLY REFLECTED IN PART VII, COLUMN F AND IN SCHEDULE J, PART II, COLUMN C. ADDITIONAL TERMS AND CONDITIONS OF SUCH PLAN ARE AVAILABLE TO THE IRS UPON REQUEST. JOHN WALLING, PRESIDENT/CEO, AND DAVID ESTRIDGE, EXECUTIVE VICE PRESIDENT, PARTICIPATED IN A NONQUALIFIED 457(F) PLAN IN 2015. THERE WERE NO DISBURSEMENTS FROM THIS PLAN IN 2015. HALEY HURLOCK GRANDCHILD OF PRESIDENT/CEO JOHN WALLING 1000 SCHOLARSHIP SCHOLARSHIP 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 11 FORM 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, 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 CONFLICT OF INTEREST 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 COMPLILED RECOMMENDATIONS. FORM 990, PART VI, SECTION C, LINE 19 A QUARTERLY FINANCIAL STATEMENT IS PUBLISHED ON THE CREDIT UNION'S WEBSITE AND PROVIDED IN PRINT IN THE LOBBY OF EACH BRANCH. IT IS ALSO PROVIDED UPON REQUEST IN ANY FORMAT FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). THE GOVERNING DOCUMENTS ARE PUBLIC RECORD AND AVAILABLE FOR REVIEW OF THE MEMBERS. THE CONFLICT OF INTEREST POLICY IS NOT PUBLISHED. 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 CHAIR OF THE BOARD USUALLY VOLUNTEERS AN EXTRA DAY A MONTH.