2025-11-14T08:00:42-06:00 2024-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2024-01-01 951981100 CHRISTIAN COMMUNITY CREDIT UNION CHRI 8003472228 255 N LONE HILL AVENUE SAN DIMAS CA 917732308 JASON THOMAS SVP/CFO 8003472228 2025-11-10 1 0 JENIFER L CHASE P01306883 5638884000 2025-11-10 2024 2025-03-06 01:10:19Z BLAIR KORSCHUN 255 N LONE HILL AVENUE SAN DIMAS CA 917732308 42696409 0 X WWW.MYCCCU.COM X 1957 CA CHRISTIAN COMMUNITY CREDIT UNION IS OPERATED FOR THE PURPOSE OF PROMOTING THRIFT, PROVIDING CREDIT AT REASONABLE RATES, AND PROVIDING OTHER FINANCIAL SERVICES TO ITS MEMBERS. 6 5 125 10 116182 0 0 0 33944170 38595587 6174139 4082835 0 0 40118309 42678422 278041 268246 0 0 14906410 15358938 0 0 0 19778651 24431356 34963102 40058540 5155207 2619882 850313437 839469965 743748537 729327383 106564900 110142582 X THE MISSION OF CHRISTIAN COMMUNITY CREDIT UNION IS TO SERVE CHRIST FOLLOWERS TO LIVE AND GIVE MORE ABUNDANTLY. 0 0 CHRISTIAN COMMUNITY CREDIT UNION (THE CREDIT UNION) OFFERS A FULL RANGE OF BANKING SERVICES TO ITS MEMBERS, BOTH RETAIL AND MINISTRY. AS OF 12/31/24, OUR MEMBERS HAD $723,516,888 ON DEPOSIT IN INSURED ACCOUNTS IN THE CREDIT UNION. THE CREDIT UNION HAD $95,259,372 IN SAVINGS ACCOUNTS, $223,193,261 IN CHECKING ACCOUNTS, $153,342,017 IN MONEY MARKET, AND $251,722,238 IN CERTIFICATES OF DEPOSIT AND IRAS. THE COST OF FUNDS AT YEAR-END ON THESE ACCOUNTS WAS 1.55%. THE CREDIT UNION BEGAN THE YEAR WITH 30,732 MEMBERS AND ENDED THE YEAR WITH 31,737 MEMBERS FOR AN INCREASE OF 1,005. THE CREDIT UNION HAD 29,490 IN INDIVIDUAL ACCOUNTS AND 2,247 IN MINISTRY & BUSINESS ACCOUNTS AT YEAR-END. CHRISTIAN COMMUNITY CREDIT UNION (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 LOAN PORTFOLIO IS MADE UP OF FIRST TRUST DEED LOANS. THE CREDIT UNION HAD $256,229,969 IN RETAIL FIRST TRUST DEED LOANS AS OF 12/31/24. THEY REPRESENT 35% OF OUR LOAN PORTFOLIO AND 31% OF OUR TOTAL ASSETS. THE AVERAGE YIELD ON THESE LOANS WAS 3.46%. CHRISTIAN COMMUNITY CREDIT UNION'S (THE CREDIT UNION) 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 $310,705,917 IN OUTSTANDING FIRST TRUST DEED LOANS TO CHURCHES AND MINISTRIES AS OF 12/31/24. THEY REPRESENT 43% OF OUR LOAN PORTFOLIO AND 37% OF OUR TOTAL ASSETS. THE YIELD ON THESE LOANS WAS 4.50%. CREDIT UNION CONSUMER LENDING: THE CREDIT UNION HAS $63,409,039 IN VEHICLES LOANS, $23,619,388 IN CREDIT CARD ACCOUNTS AND $5,264,923 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11838 0 1 125 1 1 1 0 0 0 0 0 0 0 X 6 5 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 CA X JASON THOMAS 8003472228 255 N LONE HILL AVENUE SAN DIMAS CA 917732308 STUART BLAIR KORSCHUN PRESIDENT/CEO 40.00 X X 990653 0 88238 MARK BARGAEHR DIRECTOR 1.00 X 8216 0 0 DALE TORRY CHAIR 1.00 X X 6912 0 0 JEFF SALLADIN VICE CHAIR 1.00 X X 6929 0 0 DOROTHY KIM TREASURER 1.00 X X 7377 0 0 RICK BEE SECRETARY 1.00 X X 8617 0 0 MARJORIE HUGHES EVP/COO 40.00 X 487531 0 58129 JASON THOMAS SVP/CFO 40.00 X 415007 0 91652 DAVID SOUTH SVP/HUMAN RESOURCES 40.00 X 374362 0 71023 MICHAEL POIRIER SVP/CLO 40.00 X 381551 0 73242 AARON CAID SVP/CMO 40.00 X 333027 0 88744 JOHN SILVIS SVP/CTO 40.00 X 310927 0 70364 TIMOTHY LAWRENCE VP/MDG SALES 40.00 X 197754 0 65324 CHARLANDA ALLEN VP/SALES & SERVICE 40.00 X 170801 0 47063 HAMID SAMADOFF VP/ACCOUNTING 40.00 X 166448 0 44698 RONA FORD VP/MDG OPERATIONS 40.00 X 168017 0 26416 SANDRA AGUIRRE VP/HUMAN RESOURCES 40.00 X 163118 0 48641 JOHN WALLING FORMER CEO 0.00 X 165618 0 0 4362865 0 773534 39 1 1 0 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 2180833 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 CU CORE SYSTEM 796052 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 MEMBER PC BANKING SERVICE 512425 FINANCIAL SERVICE CENTER (FSCC) 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 SHARE BRANCH TRANSACTIONS SVCS. 292907 GOOGLE LLC 1600 AMPHITHEATRE PKWY MOUNTAIN VIEW CA 94043 ONLINE & DIGITAL ADVERTISING 279488 22 INTEREST ON LOANS 522100 33140598 33140598 INTERCHANGE INCOME 522100 3080058 3078949 1109 FEE INCOME 522100 1362803 1283436 79367 VISA INCENTIVE INCOME 522100 456167 456167 LOAN SERVICES 522100 262610 262610 293351 257645 35706 38595587 4100822 4100822 17987 -17987 -17987 -17987 42678422 38479405 116182 4082835 268246 3872503 6412329 1059771 3146113 868222 43348 136248 300000 3270 348993 1011964 1459610 2582227 380844 318419 58972 158689 310263 161068 DIVIDENDS PAID TO MEMBE 10181085 PROVISION FOR LOAN LOSS 2076480 LOAN SERVICING EXPENSE 1509361 CU REWARDS PROGRAMS 1061026 2329489 40058540 279919 348670 42632696 41878329 162795 144720 705506713 720092323 865754 1072491 11465305 6354471 5157483 5110834 61650723 36906724 34057354 33915874 850313437 839469965 5931809 5757681 15966 52814 4704 3132 737796058 723513756 743748537 729327383 X 0 0 0 0 106564900 110142582 106564900 110142582 850313437 839469965 2619882 957800 0 X X 0 0 0 3270 3270 3270 1 CALIFORNIA CREDIT UNION LEAGUE 2855 E GUASTI RD SUITE 600 ONTARIO CA 917611250 942329967 3270 1020 PART I-A, LINE 1: CHRISTIAN COMMUNITY CREDIT UNION (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 1553116 1553116 6381280 3190554 3190726 2052260 1813267 238993 1478649 1350650 127999 5110834 MEMBER SHARE DEPOSITS 723513756 723513756 PART IV, LINE 2B: CHRISTIAN COMMUNITY CREDIT UNION COLLECTS THE ESCROW PAYMENTS FROM ITS MEMBERS AND THEN WIRES THE FUNDS TO ACCUMATCH, WHICH IS THE VENDOR USED FOR MAKING THE ESCROW PAYMENTS TO THE RELATED PARTIES. THE ESCROW ACCOUNTS ARE USED TO PAY FOR ITEMS SUCH AS REAL ESTATE TAXES OR HOMEOWNERS INSURANCE ON BEHALF OF MEMBERS. 1 CHRISTIAN ALLIANCE FOR ORPHANS 6723 WHITTIER AVE STE 202 MCLEAN VA 22101 261492375 501(C)(3) 74600 0 PROGRAM SUPPORT INTERNATIONAL MINISTRIES 1003 W 9TH AVE STE A KING OF PRUSSIA PA 19406 135563392 501(C)(3) 21201 0 PROGRAM SUPPORT MISSION AVIATION FELLOWSHIP 112 N PILATUS LN NAMPA ID 83687 951920983 501(C)(3) 73142 0 PROGRAM SUPPORT ASPIRE NETWORKS (FORMELY TRANSFORMATION MINISTRIES) 970 S VILLAGE OAKS DR STE 101 COVINA CA 91724 951691317 501(C)(3) 20000 0 PROGRAM SUPPORT SAMARITAN'S PURSE PO BOX 3000 BOONE NC 28607 581437002 501(C)(3) 15000 0 PROGRAM SUPPORT HIDDEN MANNA CORPORATION DBA CALVARY CHAPEL GOLDEN SPRINGS 22324 GOLDEN SPRINGS DR DIAMOND BAR CA 91765 510184304 501(C)(3) 8500 0 PROGRAM SUPPORT 6 0 PART I, LINE 2: CHRISTIAN COMMUNITY CREDIT UNION'S (THE CREDIT UNION) MISSIONS COMMITTEE DETERMINES WHICH ORGANIZATIONS TO DONATE MONEY TO BASED ON NEEDS. INFORMATION IS REQUESTED RELATED TO HOW THE FUNDS WOULD BE USED AND THE MISSIONS COMMITTEE DETERMINES WHICH ORGANIZATIONS WILL BE SUPPORTED. ONCE FUNDS ARE DONATED THEY ARE NOT MONITORED PER SE, BUT OFTEN THE ORGANIZATIONS PROVIDE UPDATES. X X X 1 1 X X X X 0 1 0 STUART BLAIR KORSCHUN PRESIDENT/CEO 531509 0 183400 0 275744 0 40135 0 48103 0 1078891 0 0 0 MARJORIE HUGHES EVP/COO 409995 0 69298 0 8238 0 40135 0 17994 0 545660 0 0 0 JASON THOMAS SVP/CFO 332230 0 51495 0 31282 0 39050 0 52602 0 506659 0 0 0 MICHAEL POIRIER SVP/CLO 299795 0 50397 0 31359 0 38147 0 35095 0 454793 0 0 0 DAVID SOUTH SVP/HUMAN RESOURCES 313762 0 52941 0 7659 0 38185 0 32838 0 445385 0 0 0 AARON CAID SVP/CMO 281445 0 32903 0 18679 0 37336 0 51408 0 421771 0 0 0 JOHN SILVIS SVP/CTO 274148 0 22997 0 13782 0 34654 0 35710 0 381291 0 0 0 TIMOTHY LAWRENCE VP/MDG SALES 189258 0 4434 0 4062 0 18311 0 47013 0 263078 0 0 0 CHARLANDA ALLEN VP/SALES & SERVICE 163486 0 4742 0 2573 0 14951 0 32112 0 217864 0 0 0 SANDRA AGUIRRE VP/HUMAN RESOURCES 155970 0 4526 0 2622 0 14581 0 34060 0 211759 0 0 0 HAMID SAMADOFF VP/ACCOUNTING 158632 0 4644 0 3172 0 14432 0 30266 0 211146 0 0 0 RONA FORD VP/MDG OPERATIONS 159223 0 4543 0 4251 0 14635 0 11781 0 194433 0 0 0 JOHN WALLING FORMER CEO 0 0 0 0 165618 0 0 0 0 0 165618 0 0 0 PART I, LINE 1A SENIOR MANAGEMENT MAY PERIODICALLY APPROVE THE REIMBURSEMENT OF TRAVEL EXPENSES FOR A GUEST. THE INTERNAL REVENUE SERVICE 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 AND REPORTING ON FORM W-2 (EMPLOYEES) OR TO ACCOUNTS PAYABLE (NON-EMPLOYEES) FOR REPORTING ON 1099-NEC. MARK BARGAEHR, RICK BEE, DOROTHY KIM, STUART BLAIR KORSCHUN, JEFF SALLADIN, AND DALE TORRY ALL UTILIZED THIS BENEFIT. CHRISTIAN COMMUNITY CREDIT UNION ALSO OFFERED TAX INDEMNIFICATION AND GROSS-UP PAYMENTS TO SANDRA AGUIRRE, CHARLANDRA ALLEN, AARON CAID, RONA FORD, MARJORIE HUGHES, STUART BLAIR KORSCHUN, TIM LAWRENCE, MICHAEL POIRIER, HAMID SAMADOFF, JOHN SILVIS, DAVID SOUTH, AND JASON THOMAS. THESE AMOUNTS ARE INCLUDED IN REPORTABLE COMPENSATION IN PART VII AND SCHEDULE J. CHRISTIAN COMMUNITY CREDIT UNION OFFERED A REIMBURSEMENT OF COUNTRY CLUB DUES TO STUART BLAIR KORSCHUN. THE REIMBURSEMENT AMOUNT IS INCLUDED IN REPORTABLE COMPENSATION IN PART VII AND SCHEDULE J. PART I, LINE 4B THE FOLLOWING EXECUTIVES PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN SPONSORED BY CHRISTIAN COMMUNITY CREDIT UNION. THE EMPLOYER CONTRIBUTIONS ON BEHALF OF THE EXECUTIVES, ALONG WITH THE DISTRIBUTIONS MADE TO THE EXECUTIVES, ARE SHOWN BELOW AND INCLUDED IN OTHER REPORTABLE COMPENSATION ON FORM 990, PART VII AND SCHEDULE J, PART II: AARON CAID - $14,000 CONTRIBUTION STUART BLAIR KORSCHUN - $250,000 CONTRIBUTION MIKE POIRIER - $29,500 CONTRIBUTION JASON THOMAS - $29,500 CONTRIBUTION JOHN SILVIS - $12,000 CONTRIBUTION JOHN T WAILING - $165,618 DISTRIBUTION FORM 990, PART VI, SECTION A, LINE 6 CHRISTIAN COMMUNITY CREDIT UNION HAS MEMBERS AS SPECIFIED IN ITS BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A CHRISTIAN COMMUNITY CREDIT UNION MEMBERS HAVE THE POWER TO ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B CHRISTIAN COMMUNITY CREDIT UNION MEMBERS HAVE THE POWER TO ELECT OR REMOVE THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 8B CHRISTIAN COMMUNITY CREDIT UNION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, AND THE VICE PRESIDENT OF ACCOUNTING. A COPY OF FORM 990 IS ALSO PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CHRISTIAN COMMUNITY CREDIT UNION HAS AN ANNUAL PROFESSIONAL CONDUCT QUESTIONNAIRE AND PROCESS. AT HIRE, THEN THEREAFTER ANNUALLY, STAFF, BOARD/EXECUTIVE TEAM/ASSOCIATE BOARD MEMBERS COMPLETE A STANDARDS OF PROFESSIONAL CONDUCT QUESTIONNAIRE. ONCE COMPLETED, THEY ARE TURNED IN AND REVIEWED BY HUMAN RESOURCES. IF THERE ARE NO EXCEPTIONS, THE FORMS ARE FILED. IF THERE ARE EXCEPTIONS, THOSE FORMS ARE FORWARDED TO THE CHIEF EXECUTIVE OFFICER FOR REVIEW TO IDENTIFY OR QUESTION ANY AREAS OF CONCERN. IF THERE ARE NO CONCERNS TO THE EXCEPTIONS, THE CHIEF EXECUTIVE OFFICER SIGNS OFF AND DATES THE QUESTIONNAIRE INDICATING IT HAS BEEN REVIEWED. IF THERE IS AN EXCEPTION, THE MATTER WOULD BE FURTHER INVESTIGATED TO DETERMINE WHAT APPROPRIATE ACTION WOULD NEED TO BE TAKEN TO REMOVE THE CONFLICT OF INTEREST, WHICH COULD INCLUDE ACTIONS SUCH AS (BUT NOT LIMITED TO) TRANSFERS OUT THE DEPARTMENT, RE-ASSIGNMENT OF WORK, SUSPENSION UNTIL A CONFLICT COULD BE RESOLVED, OR TERMINATION OF EMPLOYMENT. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD UTILIZES A THIRD PARTY PROFESSIONAL CREDIT UNION PERSONNEL AGENCY AND A CREDIT UNION INDUSTRY SALARY SURVEY, WHICH PROVIDES DATA FROM COMPARABLE ORGANIZATIONS WHEN DETERMINING THE CHIEF EXECUTIVE OFFICER'S COMPENSATION. A COMPENSATION COMMITTEE REVIEWS AND APPROVES THE COMPILED THIRD PARTY RECOMMENDATIONS AND DOCUMENTS THEIR DECISION THROUGH MEETING MINUTES. THE LAST TIME THIS PROCESS OCCURRED WAS IN JANUARY 2025. FORM 990, PART VI, SECTION C, LINE 19 CHRISTIAN COMMUNITY CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IN THE SAME TIME AND MANNER AS OTHER DISCLOSURES REQUIRED UNDER INTERNAL REVENUE CODE SECTION 6104. FORM 990, PART XII, LINE 2B: CHRISTIAN COMMUNITY CREDIT UNION'S FINANCIAL STATEMENTS ARE AUDITED ON A SEPARATE BASIS BY AN INDEPENDENT ACCOUNTANT. HOWEVER, THE FINANCIAL STATEMENTS ARE ON A FISCAL YEAR-END BASIS OF MARCH 31ST, WHILE THE ORGANIZATION'S TAX YEAR-END IS DECEMBER 31ST.