2024-09-09T17:37:08-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2023-01-01 952030824 AMERICA'S CHRISTIAN CREDIT UNION CRED 8003436328 2100 E ROUTE 66 GLENDORA CA 91740 CINDY MORGAN VP / CHIEF FINANCIAL OFFICER 8003436328 2024-09-09 1 1 LISA N RYSSEL CPA P00643670 7149781300 2024-09-09 2023 2024-08-08 14:25:15Z CINDY MORGAN 2100 E ROUTE 66 GLENDORA CA 91740 34913474 0 X WWW.AMERICASCHRISTIANCU.COM X 1958 CA TO PROVIDE FINANCIAL SERVICES TO THOSE WHO ALIGN THEMSELVES WITH THE WESLEYAN CHRISTIAN DOCTRINE. 7 7 133 12 29390 0 0 0 24809768 30201011 1795720 3677313 323883 251948 26929371 34130272 365465 142353 2741512 8254757 10293186 11311499 0 0 0 7760801 9530327 21160964 29238936 5768407 4891336 621842316 643303273 578634035 595580950 43208281 47722323 TO PROVIDE FINANCIAL SERVICES TO THE COMMUNITY OF PEOPLE, CHURCHES AND ORGANIZATIONS WHO ALIGN THEMSELVES WITH THE WESLEYAN CHRISTIAN DOCTRINE. 0 0 TO ENCOURAGE BIBLICAL STEWARDSHIP AND TO REACH, SERVE, AND TEACH OUR MEMBERS. WE DO THIS BY PROVIDING FINANCIAL SERVICES INCLUDING SAVINGS DEPOSITS, CHECKING, AND ALL DEPOSIT RELATED SERVICES, PROVIDING FINANCING THROUGH LOANS TO MEMBERS, AND BY EDUCATING MEMBERS IN RESPONSIBLE STEWARDSHIP PRINCIPLES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 3624 0 1 133 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X VICKI VANNBERSTEIN 6262085505 2100 E ROUTE 66 GLENDORA CA 91740 VICKI VANNBERSTEIN PRESIDENT & CEO 40.00 X 646358 0 39682 PATRICK LANGILLE SVP/COO 40.00 X 248036 0 21549 CINDY MORGAN CFO 40.00 X 233131 0 23954 JERRY PHAM VP/CHIEF INFORMATION OFFIC 40.00 X 227875 0 37650 EVAMARIE PISANI VP/CHIEF MEMBER SERVICES O 40.00 X 194963 0 4095 SCOTT DEPRAT VP DIGITAL PRODUCTS 40.00 X 188453 0 22454 ANDREW CASANOVA VP/CHIEF MEMBER ACQUISITIO 40.00 X 189016 0 30286 CORY MILLER VP CORPORATE LENDING 40.00 X 173642 0 30019 GAIL CARDENAS CHIEF HUMAN RESOURCE OFFICER 40.00 X 172872 0 20520 NICOLETTE HARMS SVP/CFO (TERM 8/12/22) 0.00 X 117928 0 0 BARBARA DICKERSON CHAIR 2.00 X X 0 0 0 LISA PENBERTHY VICE CHAIR 2.00 X X 0 0 0 JASON TAVAREZ SECRETARY 2.00 X X 0 0 0 DAVID MORSE TREASURER 2.00 X X 0 0 0 SYLVIA NASH DIRECTOR 2.00 X 0 0 0 NATHANIEL SHINE DIRECTOR 2.00 X 0 0 0 GEOFFREY FELLOWS DIRECTOR 2.00 X 0 0 0 2392274 0 230209 20 1 1 0 Q2 PO BOX 678272 DALLAX TX 75267 EBANKING AND CLOUD SERVICES 681001 FISERV PO BOX 80123 CITY OF INDUSTRY CA 91716 CORE SYSTEM SERVICES 402861 PRAY INC 4607 WESTLATE CANYON RD STE 456 WESTLAKE VILLAGE CA 91361 ONLINE MARKETING 325000 SIDEPATH 22892 MILL CREEK DR LAGUNA HILLS CA 92653 IT SOLUTIONS 315937 CLEAN SWEEP JANITORIAL SERVICES 700 LIDO PARK DRIVE 17 NEWPORT BEACH CA 92663 JANITORIAL AND PROPERTY MANAGEMENT 269017 8 INTEREST FROM MEMBERS 522100 23722978 23722978 FEES & CHARGES 522100 3419474 3418029 1445 OTHER OPERATING INCOME 522100 1833737 1805792 27945 INTERCHANGE INCOME 522100 895364 895364 LOAN SERVICING INCOME 522100 329458 329458 30201011 3677719 3677719 1034744 782796 251948 251948 251948 406 -406 -406 -406 34130272 30171621 29390 3929261 142353 8254757 1478234 8154452 183240 794228 701345 190409 148253 793376 1276466 191574 1183409 502671 279767 57113 1098324 608333 148622 VISA AND CHECK EXPENSES 928386 CORE SYSTEM EXPENSE 918745 MISCELLANEOUS 498971 STAFF TRAINING & DEVELO 255909 449999 29238936 541398 486043 58085061 65596779 1780855 1833169 5043545 2402859 440550236 466581719 1254859 1112166 23666699 10471759 13695466 13194940 61954926 56462584 17035313 13570585 21900657 22062429 621842316 643303273 4656480 3478185 1219345 1373066 21000000 27000000 551758210 563729699 578634035 595580950 X 0 0 0 0 43208281 47722323 43208281 47722323 621842316 643303273 4891336 -377718 424 0 X 0 0 0 3890000 3890000 7952717 2196938 5755779 7746120 5684966 2061154 2514841 2019532 495309 1563021 570323 992698 13194940 MEMBER ACCOUNTS 563729699 563729699 1 ASSOCIATION OF CHRISTIAN SCHOOLS INTERNATIONAL 731 CHAPEL HILLS DR COLORADO SPRINGS CO 80920 956072567 501(C)(3) 40000 0 UNRESTRICTED LIFE PACIFIC UNIVERSITY 1100 W COVINA BLVD SAN DIMAS CA 91773 951684068 501(C)(3) 13100 0 UNRESTRICTED POINT LOMA NAZARENE UNIVERSITY 3900 LOMALAND DR SAN DIEGO CA 91206 951644035 501(C)(3) 18000 0 UNRESTRICTED THE CHURCH OF THE NAZARENE INC 17001 PRAIRIE STAR PKWY LENEXA KS 66220 436890529 501(C)(3) 10000 0 UNRESTRICTED FIRST BAPTIST CHURCH 26089 GIRARD ST HEMET CA 92544 237156911 501(C)(3) 13253 0 UNRESTRICTED WESLEYAN HOLINESS CONSORTIUM 2100 E ROUTE 66 GLENDORA CA 91740 273780407 501(C)(3) 28000 0 UNRESTRICTED CHURCH OF THE NAZARENE 17001 PRARIE STAR PARKWAY LENEXA KS 66220 436890529 501(C)(3) 10000 0 UNRESTRICTED PART I, LINE 2: THE BOARD OF DIRECTORS DIRECTS THE AMOUNT OF AVAILABLE FUNDS FOR CHARITABLE GRANTS. ORGANIZATIONS ARE EVALUATED FOR MISSION ALIGNMENT AND OVERLAP WITH KEY OUTREACH INITIATIVES. ACCU DOES NOT CONDITION GRANTS ON SPECIFIC ACTIVITIES SO THEREFORE, NO ADDITIONAL MONITORING AFTER GRANTING. X 1 1 X X X 0 1 0 VICKI VANNBERSTEIN PRESIDENT & CEO 510320 0 132973 0 3065 0 13200 0 26482 0 686040 0 0 0 PATRICK LANGILLE SVP/COO 235125 0 11836 0 1075 0 0 0 21549 0 269585 0 0 0 JERRY PHAM VP/CHIEF INFORMATION OFFIC 211918 0 14991 0 966 0 8477 0 29173 0 265525 0 0 0 CINDY MORGAN CFO 220722 0 11809 0 600 0 0 0 23954 0 257085 0 0 0 EVAMARIE PISANI VP/CHIEF MEMBER SERVICES O 180553 0 12722 0 1688 0 3691 0 404 0 199058 0 0 0 SCOTT DEPRAT VP DIGITAL PRODUCTS 177687 0 10083 0 683 0 6512 0 15942 0 210907 0 0 0 ANDREW CASANOVA VP/CHIEF MEMBER ACQUISITIO 176352 0 12014 0 650 0 7055 0 23231 0 219302 0 0 0 CORY MILLER VP CORPORATE LENDING 161915 0 11044 0 683 0 6172 0 23847 0 203661 0 0 0 GAIL CARDENAS CHIEF HUMAN RESOURCE OFFICER 161608 0 10426 0 838 0 6464 0 14056 0 193392 0 0 0 NICOLETTE HARMS SVP/CFO (TERM 8/12/22) 0 0 0 0 117928 0 0 0 0 0 117928 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS INCLUDES BOARD SPOUSES WHEN APPLICABLE. PART I, LINE 4B THE CREDIT UNION ADOPTED A 457(F) EXECUTIVE RETIREMENT PLAN WHICH PROVIDES BENEFITS TO DESIGNATED EXECUTIVES. VICKI VANNBERSTEIN, CEO RECEIVED A CONTRIBUTION OF $364,233 TO THE PLAN DURING 2023. THE CREDIT UNION ENTERED INTO SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENTS WITH CERTAIN EXECUTIVE EMPLOYEES DURING 2023, WHEREBY THE CREDIT UNION FUNDS THE PREMIUM PAYMENTS ON THE UNDERLYING INSURANCE POLICIES AND THE SENIOR EXECUTIVE OFFICER IN TURN COLLATERALLY ASSIGNS THE POLICY TO THE CREDIT UNION. IN 2023 NICOLETTE HARMS, FORMER SVP, CFO WAS PAID A ONE TIME FORGIVEN INTEREST INCOME RELATED TO THE INSURANCE AGREEMENT. PAYMENT INCLUDED $64,860 OF FORGIVEN PLAN INTEREST, AND WAS GROSSED UP FOR THE RELATED TAXES. PART I, LINE 5 THE CREDIT UNION HAS A SCORE CARD TO TRACK ENTERPRISE GOALS AND METRICS. WE ACCRUE THROUGHOUT THE YEAR FOR THE PERCENTAGE OF ALL EMPLOYEE INCENTIVE BONUS PAYOUTS THAT GET PAID OUT EVERY JAN/FEB FOR THE PREVIOUS YEARS ACCOMPLISHMENTS OF MEETING THE GOALS. THE PAYOUT PERCENTAGE AMOUNT AND TOTAL ACCRUED IN 2023 AND PAID OUT IN 2024 FOR 2023 BONUS INCENTIVE WAS 5.28% OF ALL EMPLOYEE'S ANNUAL SALARY AMOUNT FOR THE YEAR. THE SCORECARD TRACKS MANY DIFFERENT METRICS TO CALCULATE THE PERCENTAGE PAYOUT TO EMPLOYEES BASED ON RESULTS AND PERFORMANCE. ALL EMPLOYEES GET PAID OUT THE SAME PERCENTAGE CALCULATED ON THE SCORECARD TIMES THEIR ANNUAL SALARY FOR THE YEAR. VICKI VANNBERSTEIN PRESIDENT & CEO SPLIT DOLLAR LOAN X 2500000 2402859 0 1 1 2402859 SCHEDULE L, PART II THE CREDIT UNION ENTERED INTO SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENTS WITH CERTAIN EXECUTIVE EMPLOYEES DURING 2023, WHEREBY THE CREDIT UNION FUNDS THE PREMIUM PAYMENTS ON THE UNDERLYING INSURANCE POLICIES AND THE SENIOR EXECUTIVE OFFICER IN TURN COLLATERALLY ASSIGNS THE POLICY TO THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS MAY APPOINT AN EXECUTIVE COMMITTEE OF NO FEWER THAN THREE (3) DIRECTORS, AND DELEGATE TO SUCH COMMITTEE THE POWER TO APPROVE MEMBERSHIP APPLICATIONS. WITH THE WRITTEN APPROVAL OF THE COMMISSIONER, THE EXECUTIVE COMMITTEE MAY ACT FOR THE BOARD OF DIRECTORS IN THE PURCHASE AND SALE OF SECURITIES, INVESTMENT AND WITHDRAWAL OF FUNDS, IN BORROWING FUNDS AND IN MAKING LOANS TO OTHER CREDIT UNIONS IN ACCORDANCE WITH APPLICABLE LAW AND REGULATIONS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. THE FIELD OF MEMBERSHIP SHALL BE LIMITED TO THOSE HAVING THE FOLLOWING COMMON BOND: CHURCHES, MINISTRIES AND SCHOOLS ALIGNED WITH WESLEYAN CHRISTIAN DOCTRINE; MINISTERS, EMPLOYEES, MEMBERS, OFFICERS, TEACHERS, STUDENTS AND OTHERS IN THESE CHURCHES, SCHOOLS AND ORGANIZATIONS; ORGANIZATIONS OF SUCH PERSONS; EMPLOYEES OF THIS CREDIT UNION; IMMEDIATE FAMILY MEMBERS LIVING IN A MEMBER OF THIS CREDIT UNION'S HOME; AND, OTHER CREDIT UNIONS ORGANIZED UNDER EITHER FEDERAL OR STATE LAWS APPERTAINING TO CREDIT UNIONS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS MUST BE APPROVED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING. ONCE THIS DETAILED REVIEW IS COMPLETE, THE DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C WHEN HIRED, ALL STAFF ARE REQUIRED TO READ AND SIGN A CODE OF CONDUCT POLICY WHICH OUTLINES IN DETAIL THE BEHAVIOR EXPECTATIONS OF THE STAFF, INCLUDING CONFLICT OF INTEREST. THIS CODE OF CONDUCT INCORPORATED THE CALIFORNIA CREDIT UNION LEAGUE'S CODE OF ETHICS. ALL NEW STAFF ARE ALSO REQUIRED TO DISCLOSE IN WRITING ANY RELATED PARTY ACCOUNTS AT THE CREDIT UNION SO THEY CAN BE CODED AND RESTRICTED FROM ACCESS. PERIODICALLY STAFF ARE ASKED TO UPDATE THIS LIST OF RELATED PARTY ACCOUNTS. STAFF ACCOUNTS AND ACCOUNTS OF RELATED PARTIES OF STAFF ARE CODED AS SUCH IN OUR CORE SYSTEM. VERAFIN SOFTWARE PERFORMS CONSTANT BSA AND FRAUD ANALYTICS TO DETECT TRANSACTIONS THAT WOULD INDICATE SUSPICIOUS ACTIVITY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES THE COMPEASE SYSTEM WHICH PROVIDES REGIONAL CREDIT UNION SALARY DATA TO BENCHMARK ALL STAFF WAGES. ANNUAL WAGE INCREASES ARE BASED ON EMPLOYEE PERFORMANCE SCORES AND WHERE THE EMPLOYEE FALLS WITHIN THE WAGE RANGE PROVIDED BY THE COMPEASE SYSTEM FOR COMPARABLE JOB GRADES. THE BOARD OF DIRECTORS DETERMINES AND APPROVES THE COMPENSATION OF THE CEO AND THE INCENTIVE PLAN FOR ALL STAFF. THE CEO MAKES COMPENSATION DECISIONS FOR OTHER OFFICERS AND KEY EMPLOYEES AND USES THE COMPEASE COMPENSATION SYSTEM AS A FRAMEWORK. COMPENSATION DECISIONS ARE DOCUMENTED IN THE EMPLOYEE'S PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE ORGANIZATION'S BRANCH. THE ANNUAL FINANCIAL STATEMENT IS INCLUDED IN THE PUBLISHED ANNUAL REPORT POSTED ON THE ORGANIZATION'S WEBSITE. FINANCIAL STATEMENTS ARE ALSO AVAILABLE UPON REQUEST. ACCU FINANCIAL LLC 2100 E ROUTE 66 SUITE 102 GLENDORA CA 91740 831239109 HOLDING COMPANY CA 0 420073 AMERICA'S CHRISTIAN CREDIT UNION SHARETEK LLC 2100 E ROUTE 66 SUITE 102 GLENDORA CA 91740 831268218 CUSO ORGANIZATION CREATED TO FACILITATE HEALTH CARE SHARING CA 547011 364294 ACCU FINANCIAL LLC