2011-11-15T08:12:11-06:00 2010-12-31 RSM MCGLADREY INC 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2010-01-01 951981100 CHRISTIAN COMMUNITY CREDIT UNION CHRI 8003472228 255 N LONE HILL AVENUE SAN DIMAS CA 91773 JOHN T WALLING 8003472228 2011-11-14 1 COLLIN F BUZZELL 6125738750 2010 2016-02-24 21:20:13Z JOHN T WALLING 255 N LONE HILL AVENUE SAN DIMAS CA 91773 33942513 0 1526 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 3 143 11 1295 -389 0 0 32523217 33627684 -626607 -421498 0 0 31896610 33206186 45500 36500 9822628 6707095 0 9652431 23567283 0 0 0 14058155 33435411 30454181 -1538801 2752005 520442456 519268246 473996791 470070576 46445665 49197670 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 12/31/10 OUR MEMBERS HAD $441,315,683, ON DEPOSIT IN INSURED ACCOUNTS IN THE CREDIT UNION. THE CREDIT UNION HAS $45,209,352, IN SAVINGS ACCOUNTS, $96,885,534, IN CHECKING ACCOUNTS, $104,018,458, IN MONEY MARKET, AND $184,241,345, IN CERTIFICATES OF DEPOSIT. THE AVERAGE RATE OF RETURN ON THESE ACCOUNTS AT YEAR END WAS 1.29%. IRA CERTIFICATE ACCOUNTS EARNED 2.97%. CERTIFICATES EARNED 2.39% AT YEAR END. DEPOSITS IN THE CREDIT UNION DECREASED $1,775,296 OR .38% IN 2010. THE CREDIT UNION BEGAN THE YEAR WITH 26,672 INDIVIDUAL MEMBERS AND ENDED THE YEAR WITH 26,850 FOR AN INCREASE OF 187 INDIVIDUAL MEMBERS OR .7%. THE CREDIT UNION HAS 2,565 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 $102,866,831 IN OUTSTANDING RETAIL FIRST TRUST DEED LOANS AS OF 12/31/10. THEY REPRESENT 23% OF OUR LOAN PORTFOLIO AND 20% OF OUR TOTAL ASSETS. THE AVERAGE RATE ON THESE LOANS WAS 4.27%. THE PORTFOLIO INCREASED $3,160,151 OR 31.7% DURING 2010. THE CREDIT UNION EARNED A NET INTEREST MARGIN OF 2.96% ON THE RETAIL FIRST TRUST DEED PORTFOLIO IN 2010. THE DELINQUENCY RATIO FOR THE PORTFOLIO AT YEAR END WAS 2.0%. 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 $331,913,258 IN OUTSTANDING FIRST TRUST DEED LOANS TO CHURCHES AND MINISTRIES AS OF 12/31/10. THEY REPRESENT 76% OF OUR LOAN PORTFOLIO AND 64% OF OUR TOTAL ASSETS. THE AVERAGE RATE ON THESE LOANS WAS 6.71%. THE PORTFOLIO INCREASED $16,004,140 DURING 2010 OR 5.06%. THE NET INTEREST MARGIN ON THE PORTFOLIO WAS 5.42%. THE DELINQUENT LOAN RATIO FOR THE PORTFOLIO AT YEAR END WAS .74%. 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 12863 0 1 143 1 1 1 0 0 0 0 0 X 7 3 0 0 0 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 1839565 0 78128 ROBERT NEILL 1.00 X X 2256 0 0 DENNIS ENDERT 1.00 X X 2757 0 0 CHARLES HUGHES 1.00 X X 2256 0 0 EDUARDO FONT 1.00 X 2154 0 0 MICHAEL PATE 1.00 X 2154 0 0 CATHY BARRETT 1.00 X 2154 0 0 GARY BISHOP 1.00 X 2079 0 0 JOHN PEARSON 1.00 X 2265 0 0 MARK BARGAEHER 1.00 X 2187 0 0 JAMES CARRINGTON 1.00 X 2154 0 0 STANLEY WAHL 40.00 X 204009 0 23933 DAVID ESTRIDGE 40.00 X 309614 0 51733 MARJORIE PETSCH 40.00 X 244894 0 38582 JAMES SCOTT REITSMA 40.00 X 223159 0 51699 DAVID SOUTH 40.00 X 199531 0 27158 SUSAN GONCHARENKO 40.00 X 118866 0 16534 JOHN SILVIS 40.00 X 107440 0 15750 3269494 0 303517 8 0 1 0 FISERV 75 REMITTANCE DRIVE 6944 CHICAGO IL 60675 DATA PROCESSING 345279 DIGITAL INSIGHT (INTUIT FINANCIAL SERVIC PO BOX 515306 LOS ANGELES CA 90051 PC BANKING FEES 291962 BUTTERFLY INFORMATION TECHNOLOGY INC 710 SE 34TH STREET RENTON WA 98055 MEMBER STATEMENTS 149866 3 INTEREST ON LOANS TO M 522100 28157125 28157125 FEE INCOME 522100 2647496 2646201 1295 INTERCHANGE INCOME 522100 2167008 2167008 OTHER OPERATING INCOME 522100 656055 656055 33627684 160433 160433 154396 736327 -736327 154396 -581931 -581931 33206186 33626389 1295 -421498 36500 6707095 3314421 4512212 690252 563713 571833 34577 45543 119473 196929 1458272 1530185 762764 663728 163153 38836 203018 87122 PROVISION FOR LOAN LOSS 6400000 LOAN SERVICING 1386092 SHARE DRAFT EXPENSE 649976 318487 30454181 4210700 2932715 32271 420164 442069246 458422629 350143 320436 15741878 6965753 8981659 8776125 43553984 34304149 8010469 13233984 14092028 520442456 519268246 6761788 4606350 4519 467235003 465459707 473996791 470070576 X 0 0 0 0 46445665 49197670 46445665 49197670 520442456 519268246 2752005 0 X 0 1 1 X 0 1756908 1756908 8892321 3220282 5672039 3685032 2543539 1141493 1407617 1201932 205685 8776125 MEMBER SHARE DEPOSITS 465459707 465459707 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: FOR THE AUDIT YEARS ENDED MARCH 31, 2010 AND 2009, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. 1 SCHOLARSHIPS 36 36500 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 SCHOLARHSIP ARE ISSUED. X X X X 0 0 0 JOHN T WALLING 423717 0 37500 0 1378348 0 49330 0 28798 0 1917693 0 0 0 STANLEY WAHL 177125 0 12500 0 14384 0 23144 0 789 0 227942 0 0 0 DAVID ESTRIDGE 289614 0 20000 0 0 0 42635 0 9098 0 361347 0 0 0 MARJORIE PETSCH 206125 0 25300 0 13469 0 28163 0 10419 0 283476 0 0 0 JAMES SCOTT REITSMA 196897 0 15000 0 11262 0 25535 0 26164 0 274858 0 0 0 DAVID SOUTH 171124 0 21255 0 7152 0 22839 0 4319 0 226689 0 0 0 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 THE CREDIT UNION OFFICIALLY INFORMS THE EMPLOYEES OF CHANGES TO THE CONFLICT OF INTEREST POLICY AND PROVIDES THEM AN UPDATED COPY. THE STAFF ARE REQUIRED TO READ THE POLICY, ANSWER A SERIES OF QUESTIONS RELATED TO THE TOPIC AND SIGN A COPY OF THE POLICY AND QUESTIONS. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION BOARD OF DIRECTORS HAS AN EXECUTIVE COMMITTEE THAT SERVES AS ITS COMPENSATION SUB COMMITTEE. THEY ARE PROVIDED THE LATEST INDURSTRY SALARY SURVEY INFORMATION. THEY ANNUALLY REVIEW THE COMPENSATION PACKAGES FOR THE SENIOR MANAGERS (KEY EMPLOYEES). 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.