2012-11-15T08:16:46-06:00 2011-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2011-01-01 951981100 CHRISTIAN COMMUNITY CREDIT UNION CHRI 8003472228 255 N LONE HILL AVENUE SAN DIMAS CA 91773 JOHN T WALLING 8003472228 2012-11-13 1 GERALD B KISSELL P00092658 6123324300 2011 2016-02-24 21:20:13Z JOHN T WALLING 255 N LONE HILL AVENUE SAN DIMAS CA 91773 32466730 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 6 136 11 4464 -80408 0 0 33627684 32332609 -421498 -896589 0 0 33206186 31436020 36500 11000 6707095 5633153 9652431 9718498 0 0 0 14058155 12342899 30454181 27705550 2752005 3730470 519268246 521849240 470070576 468921100 49197670 52928140 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 12/31/11 OUR MEMBERS HAD $441,219,200, ON DEPOSIT IN INSURED ACCOUNTS IN THE CREDIT UNION. THE CREDIT UNION HAS $49,621,307, IN SAVINGS ACCOUNTS, $97,390,428, IN CHECKING ACCOUNTS, $99,903,210, IN MONEY MARKET, AND $180,268,272, IN CERTIFICATES OF DEPOSIT. THE AVERAGE RATE OF RETURN ON THESE ACCOUNTS AT YEAR END WAS 1.19%. IRA CERTIFICATE ACCOUNTS EARNED 2.80%. NON-IRA CERTIFICATES EARNED 2.17% AT YEAR END. DEPOSITS IN THE CREDIT UNION DECREASED $2,307,424 OR 0.50% IN 2011. THE CREDIT UNION BEGAN THE YEAR WITH 26,850 INDIVIDUAL MEMBERS AND ENDED THE YEAR WITH 27,180 FOR AN INCREASE OF 330 INDIVIDUAL MEMBERS OR 1.2%. THE CREDIT UNION HAS 2,350 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 $107,343,643 IN OUTSTANDING RETAIL FIRST TRUST DEED LOANS AS OF 12/31/11. THEY REPRESENT 23.74% OF OUR LOAN PORTFOLIO AND 20.57% OF OUR TOTAL ASSETS. THE AVERAGE RATE ON THESE LOANS WAS 4.429%. THE PORTFOLIO INCREASED $4,476,812 OR 4.35% DURING 2011. THE CREDIT UNION EARNED A NET INTEREST MARGIN OF 3.24% ON THE RETAIL FIRST TRUST DEED PORTFOLIO IN 2011. THE DELINQUENCY RATIO FOR THE PORTFOLIO AT YEAR END WAS 1.3%. 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 $321,433,239 IN OUTSTANDING FIRST TRUST DEED LOANS TO CHURCHES AND MINISTRIES AS OF 12/31/11. THEY REPRESENT 71% OF OUR LOAN PORTFOLIO AND 62% OF OUR TOTAL ASSETS. THE AVERAGE RATE ON THESE LOANS WAS 6.378%. THE PORTFOLIO DECREASED $10,480,019 DURING 2011 OR 3.16%. THE NET INTEREST MARGIN ON THE PORTFOLIO WAS 5.19%. THE DELINQUENT LOAN RATIO FOR THE PORTFOLIO AT YEAR END WAS 2.33%. CREDIT UNION CONSUMER LENDING:THE CREDIT UNION HAS $5,888,631 IN CAR LOANS, $29,002,983 IN RETAIL CREDIT CARD ACCOUNTS, AND $1,245,800 IN STUDENT LOANS. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9478 0 1 136 1 1 1 0 0 0 0 0 X 7 6 0 0 1 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X STAN WAHL 8003472228 255 N LONE HILL AVENUE SAN DIMAS CA 91773 JOHN T WALLING 40.00 X X 577313 0 149400 ROBERT NEILL 1.00 X X 1345 0 0 DENNIS ENDERT 1.00 X X 1559 0 0 CHARLES HUGHES 1.00 X X 0 0 0 EDUARDO FONT 1.00 X 1090 0 0 MICHAEL PATE 1.00 X 1115 0 0 CATHY BARRETT 1.00 X 1470 0 0 GARY BISHOP 1.00 X 1117 0 0 JOHN PEARSON 1.00 X 0 0 0 MARK BARGAEHER 1.00 X 1228 0 0 JAMES CARRINGTON 1.00 X 1694 0 0 STANLEY WAHL 40.00 X 232856 0 178469 DAVID ESTRIDGE 40.00 X 356507 0 302297 MARJORIE HUGHES 40.00 X 266582 0 160794 JAMES SCOTT REITSMA 40.00 X 244462 0 181117 DAVID SOUTH 40.00 X 219137 0 209889 SUSAN GONCHARENKO 40.00 X 208875 0 15391 JOHN SILVIS 40.00 X 112636 0 27276 KENNETH MURPHY 40.00 X 102774 0 26983 DONNA ESSE 40.00 X 102188 0 25972 2433948 0 1277588 10 0 1 0 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 2033907 INTUIT FINANCIAL SERVICES PO BOX 515306 LOS ANGELES CA 900516606 PC BANKING FEES 283098 BUTTERFLY INFORMATION TECHNOLOGY 710 SW 34TH STREET RENTON WA 98057 PREPARE MEMBER STATEMENTS 154125 CU COOPERATIVE SYSTEMS INC 9692 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 ATM & VISA CHECK CARD TRANSACTIONS 154003 FINANCIAL SERVICE CENTERS COOPERATIVE I 2855 E GUASTI ROAD SUITE 202 ONTARIO CA 917611249 SHARE BRANCH TRANSACTIONS 135608 5 INTEREST ON LOANS 522100 27316954 27316954 INTERCHANGE INCOME 522100 2327350 2327350 FEE INCOME 522100 2224639 2220175 4464 OTHER OPERATING INCOME 522100 463666 463666 32332609 134121 134121 650757 379953 -650757 -379953 -1030710 -1030710 31436020 32328145 4464 -896589 11000 5633153 2471274 5719744 529742 997738 189310 121675 129107 1679814 2300088 659444 46479 193571 358699 PROVISION FOR LOAN LOSS 4600000 LOAN SERVICING EXPENSES 1300585 SHARE DRAFT EXPENSES 618541 MISCELLANEOUS EXPENSES 79433 66153 27705550 2932715 355515 420164 196171 458422629 443290351 320436 374196 15995062 7593650 8776125 8401412 34304149 54292460 14092028 14939135 519268246 521849240 4606350 5751950 4519 16866 465459707 463152284 470070576 468921100 X 0 0 0 0 49197670 52928140 49197670 52928140 519268246 521849240 3730470 0 X 0 1 1 X 0 5000 0 5000 5000 1 CALIFORNIA CREDIT UNION LEAGUE PAC PO BOX 54476 ONTARIO CA 917610076 942329967 5000 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: PART I-A, LINE 1: THE CREDIT UNION CONTRIBUTES TO THE CALIFORNIA CREDIT UNION LEAGUE PAC TO SUPPORT ISSUES OF CONCERN TO CREDIT UNIONS. 1756908 1756908 8903950 3462687 5441263 3761128 2738997 1022131 1573076 1391966 181110 8401412 MEMBER SHARE DEPOSITS 463152284 463152284 1 SCHOLARSHIPS 11 11000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 ISSUED. X X 1 0 X X X X 0 0 0 JOHN T WALLING 468936 0 75000 0 33377 0 126608 0 22792 0 726713 0 0 0 STANLEY WAHL 200354 0 29805 0 2697 0 177528 0 941 0 411325 0 0 0 DAVID ESTRIDGE 304484 0 45570 0 6453 0 292318 0 9979 0 658804 0 0 0 MARJORIE HUGHES 215749 0 36815 0 14018 0 152057 0 8737 0 427376 0 0 0 JAMES SCOTT REITSMA 196823 0 30210 0 17429 0 166753 0 14364 0 425579 0 0 0 DAVID SOUTH 180100 0 30809 0 8228 0 205093 0 4796 0 429026 0 0 0 SUSAN GONCHARENKO 17812 0 0 0 191063 0 11297 0 4094 0 224266 0 0 0 PART I, LINE 1A ONCE A YEAR THE BOARD TRAINS TOGETHER ON A TRIP. THERE IS A SMALL DISCRETIONARY ACCOUNT, (USUALLY $500) TO COVER EXPENSES (TIPS, CABS, ETC.) INCURRED DURING THE TRAINING TRIP. FORM 990, PART VI, SECTION A, LINE 4 THE CREDIT UNION AMENDED THE BYLAWS TO REDEFINE MEMBERSHIP QUALIFICATIONS AS FOLLOWS; ARTICLE III MEMBERSHIP SECTION 300. QUALIFICATIONS. THE FIELD OF MEMBERSHIP SHALL BE LIMITED TO THOSE INDIVIDUALS AND ORGANIZATIONS HAVING THE FOLLOWING COMMON BOND; CHURCHES, MINISTRIES AND SCHOOLS ALIGNED WITH PROTESTANT CHRISTIAN DOCTRINE; AFFILIATED INSTITUTIONS AND ORGANIZATIONS; MINISTERS, EMPLOYEES, OFFICERS, MEMBERS, TEACHERS, STUDENTS AND OTHERS IN THESE CHURCHES, SCHOOLS AND ORGANIZATIONS; FAMILY MEMBERS OF CURRENT MEMBERS; EMPLOYEES OF THIS CREDIT UNION; ORGANIZATIONS OF SUCH PERSONS; OTHER CREDIT UNIONS ORGANIZED UNDER EITHER FEDERAL OR STATE LAWS PERTAINING TO CREDIT UNIONS. SUCH PROTESTANT CHRISTIAN CHURCHES, MINISTRIES, SCHOOLS AND ORGANIZATIONS INCLUDED IN THE FIELD OF MEMBERSHIP SHALL BE APPROVED BY THE BOARD OF DIRECTORS OF THIS CREDIT UNION OR BY A MAJORITY OF MEMBERS OF A COMMITTEE OR SENIOR MEMBERSHIP OFFICERS APPOINTED BY THE BOARD. THE COMMITTEE OR OFFICER APPROVALS WILL BE REPORTED TO THE BOARD AT THEIR NEXT SCHEDULED MEETING. A RECORD OF APPROVED GROUPS WILL BE PERMANENTLY APPENDED TO THESE BYLAWS. 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 AVP 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 QUESTIONAIRE. 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 MONTHLY 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. THE GOVERNING DOCUMENTS ARE PUBLIC RECORD AND AVAILABLE FOR REVIEW OF THE MEMBERS. THE CONFLICT OF INTEREST POLICY IS NOT PUBLISHED.