2023-11-15T14:14:19-06:00 2022-12-31 FORVIS LLP 201 N Illinois Street Indianapolis IN 46204 990 2022-01-01 880065951 Clark County Credit Union % PATRICIA OCHAL CLAR 7022282228 PO BOX 36490 LAS VEGAS NV 89133 PATRICIA OCHAL CFO 7022282228 2023-11-15 true Patricia Ochal XXX-XX-XXXX MICHAEL J SUMMERS P00838533 3173834000 2023-11-15 2 2022 2023-04-26 12:10:37Z MATTHEW KERSHAW PO BOX 36490 LAS VEGAS NV 89133 52797641 false X WWW.CCCULV.ORG X 1951 NV A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 7 7 267 12 715937 154317 0 0 39900310 44461515 6913508 8336126 0 0 46813818 52797641 65277 60108 0 0 13999405 17519200 0 0 0 19063103 22509899 33127785 40089207 13686033 12708434 1146560292 1144632634 1017048838 1029874810 129511454 114757824 X SEE SCHEDULE O. false false DURING 2022, CLARK COUNTY CREDIT UNION MAINTAINED A YEAR-TO-DATE NET WORTH RATIO OF 12.06%. USING A MULTI-MEDIA MARKETING APPROACH COMBINED WITH PERSONAL CUSTOMER SERVICE AND CUSTOMIZED LENDING OPTIONS, CCCU IS LIVING UP TO ITS MISSION OF HELPING MEMBERS REALIZE THEIR FINANCIAL GOALS AND DREAMS. false false false false false false false false false true false true false true true false true false false false false false false false false false true false true false true false false false false false false false false false true false false true 29603 0 true 267 true true true false false false false false false false false false false false X 7 7 false false false false true true true true true false true true false true true true false true true true false X X PATRICIA OCHAL 7029393143 PO BOX 36490 LAS VEGAS NV 89133 MATT KERSHAW CHIEF EXECUTIVE OFFICER 40.0 0.0 X 441382 0 22875 PATRICIA OCHAL CHIEF FINANCIAL OFFICER 40.0 0.0 X 386760 0 17848 DAVID UPHAM CHIEF OPERATING OFFICER 40.0 0.0 X 245782 0 45456 JOSHUA HALDEMAN CHIEF LENDING OFFICER 40.0 0.0 X 221322 0 16246 CHRIS SCHLAFFMAN VP COMMERCIAL LENDING MANAGER 40.0 0.0 X 204159 0 18906 MATTHEW BECKER CHIEF TECHNOLOGY OFFICER 40.0 0.0 X 202980 0 15089 OCTAVIO RYAN LOPEZ MORTGAGE LOAN OFFICER 40.0 0.0 X 189231 0 17266 SHANNON HILLER CHIEF MARKETING OFFICER 40.0 0.0 X 191906 0 14044 OJANG DAWOODI MABS SALES REPRESENTATIVE 0.0 40.0 X 162292 0 13773 SHEILA BRYSON DIRECTOR REAL ESTATE LENDING 40.0 0.0 X 164279 0 8814 IAN POLLEY VP OF CONSUMER LENDING 40.0 0.0 X 144097 0 15765 DOUG SPRING CHAIRMAN OF THE BOARD 1.0 0.0 X 0 0 0 ALISE HANEY BOARD MEMBER 1.0 0.0 X 0 0 0 DEBBIE CONWAY BOARD MEMBER 1.0 0.0 X 0 0 0 ED ZAGALO BOARD MEMBER 1.0 0.0 X 0 0 0 ERIC JORGENSON BOARD MEMBER 1.0 0.0 X 0 0 0 MICHAEL SCHRAMM BOARD MEMBER 1.0 0.0 X 0 0 0 TED OLIVAS VICE CHAIR OF THE BOARD 1.0 0.0 X 0 0 0 2554190 0 206082 37 false true false FISERV INC PO BOX 80123 CITY OF INDUSTRY CA 91716 CORE SYSTEM 1116196 PETER J STODDARD 629 CERVANTES DRIVE HENDERSON NV 89014 ADVERTISING 972605 JA TIBERTI CONSTRUCTION CO INC 1806 INDUSTRIAL ROAD LAS VEGAS NV 89102 CONSTRUCTION/REMODEL 896852 Q2 SOFTWARE INC PO BOX 205970 DALLAS TX 75320 ONLINE BANKING 1031211 AMPLILFI LOYALTY SOLUTIONS LLC 1620 BOND STREET NAPERVILLE IL 60563 CARD REWARDS 777231 30 0 INTEREST - LOANS 522100 31702440 31702440 INTERCHANGE INCOME 522100 5875671 5678490 197181 SERVICE & MEMBER FEES 522100 4097210 4097210 OTHER OPERATING INCOME 522100 1616960 1098204 518756 GAP INSURANCE 522100 1169234 1169234 44461515 7859191 7859191 0 0 0 0 0 476935 0 476935 476935 476935 0 0 0 0 0 0 0 0 0 0 52797641 52081704 715937 60108 0 0 0 1690132 0 12390813 767190 1552796 1118269 400698 154545 178670 0 0 0 2664766 1588879 4834695 459662 0 1183227 96622 0 0 4320741 0 837610 397843 PROVISION FOR LOAN LOSS 2199436 VISA FEES/CHARGES 1474145 LOAN SERVICING 506646 BILL PAYER FEES 1029581 182133 40089207 10635304 14522596 270185531 119937354 0 0 0 0 1749430 1731393 0 0 0 0 0 0 1392024 1730912 25182395 10287092 14340192 14895303 197395099 183566435 0 0 636870242 784500515 0 0 13992470 23748126 1146560292 1144632634 10406970 14585334 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1006641868 1015289476 1017048838 1029874810 X 0 0 0 0 129511454 114757824 129511454 114757824 1146560292 1144632634 X 12708434 -27538427 76363 X false true X true false 4241847 4241847 13375469 5178959 8196510 1242752 1064411 178341 5651234 4043722 1607512 671093 0 671093 14895303 LOANS TO MEMBERS 763748527 F LOANS HELD FOR SALE 294500 C ASI SHARE INSURANCE 13635842 C ALL OTHER INVESTMENTS 6090797 C INVESTMENT IN CUSOS 730849 C 784500515 0 MEMBERS SHARES AND DEPOSITS 1015289476 1015289476 18739037 -27538427 -27538427 46277464 6520177 6520177 52797641 33569030 33569030 6520177 6520177 40089207 SCHEDULE D, PART X, LINE 2 FASB ASC 740-10-65, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CREDIT UNION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE SUSTAINED AUTHORITY. TAX POSITIONS DEEMED TO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD SHOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEAR ENDED DECEMBER 31, 2022, MANAGEMENT HAS DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS. SCHEDULE D, PART XI & XII, LINE 4B OTHER ADJUSTMENTS: INTEREST EXPENSE 4,320,741 LOAN LOSSES 2,199,436 TOTAL ADJUSTMENT $ 6,520,177 true Nevada Credit Union League Inc 2855 E Guasti Rd Ste 202 ONTARIO CA 91761 880106501 501(C)(6) 15030 MEMBERSHIP DUES HENDERSON CHAMBER OF COMMERCE 400 N GREEN VALLEY PKWY FL 2 HENDERSON NV 89074 880071419 501(C)(6) 5400 SPONSORSHIP 2 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE U.S.: CLARK COUNTY CREDIT UNION VERIFIES THE ORGANIZATON RECEIVING THE GRANT IS A 501(c)(3). NEVADA CREDIT UNION LEAGUE INC PROVIDES CREDIT UNIONS WITH LEADERSHIP, ADVOCACY, INFORMATION, AND EDUCATION. HENDERSON CHAMBER OF COMMERCE ADVANCES THE COMMERCIAL, INDUSTRIAL, CIVIC, AND GENERAL INTEREST OF THE MEMBERS OF THE CHAMBER, THE CITY OF HENDERSON, AND CLARK COUNTY, NEVADA AS WELL AS PROMOTES THE ECONOMIC ENVIRONMENT FOR BUSINESS AND ADVOCATES FOR RESPONSIVE GOVERNMENT. X true true X false true false CHRIS SCHLAFFMAN VP COMMERCIAL LENDING MANAGER 141728 0 62431 0 0 0 14297 0 4609 0 223065 0 0 0 DAVID UPHAM CHIEF OPERATING OFFICER 221282 0 24500 0 0 0 45456 0 0 0 291238 0 0 0 JOSHUA HALDEMAN CHIEF LENDING OFFICER 200572 0 20750 0 0 0 16246 0 0 0 237568 0 0 0 MATT KERSHAW CHIEF EXECUTIVE OFFICER 389632 0 51750 0 0 0 22875 0 0 0 464257 0 0 0 MATTHEW BECKER CHIEF TECHNOLOGY OFFICER 184480 0 18500 0 0 0 15089 0 0 0 218069 0 0 0 PATRICIA OCHAL CHIEF FINANCIAL OFFICER 362260 0 24500 0 0 0 17848 0 0 0 404608 0 0 0 SHANNON HILLER CHIEF MARKETING OFFICER 172156 0 19750 0 0 0 14044 0 0 0 205950 0 0 0 IAN POLLEY VP OF CONSUMER LENDING 132097 0 12000 0 0 0 11156 0 4609 0 159862 0 0 0 OCTAVIO RYAN LOPEZ MORTGAGE LOAN OFFICER 31915 0 157316 0 0 0 14490 0 2776 0 206497 0 0 0 OJANG DAWOODI MABS SALES REPRESENTATIVE 0 38168 0 124124 0 0 0 12346 0 1427 0 176065 0 0 SHEILA BRYSON DIRECTOR REAL ESTATE LENDING 128082 0 36197 0 0 0 7387 0 1427 0 173093 0 0 0 PART I, LINE 4B: THE CREDIT UNION ENTERED INTO A SPLIT-DOLLAR AGREEMENT WITH THE CEO. UNDER THE ARRANGEMENT, THE CREDIT UNION MAKES A LOAN TO THE EXECUTIVE EQUAL TO THE LIFE INSURANCE POLICY PREMIUMS. THE EXECUTIVE ASSIGNS THE INSURANCE POLICY TO THE CREDIT UNION AS COLLATERAL FOR REPAYING THE PREMIUMS AND BORROWS FROM THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE CREDIT UNION IS REPAID FROM THE POLICY'S DEATH PROCEEDS. INTEREST ACCRUES ON THE LOAN AT THE APPLICABLE FEDERAL RATE AT THE TIME OF THE ADVANCE. ANY PRINCIPAL OR INTEREST NOT REPAID UNDER THE ARRANGEMENTS IS TAXABLE TO THE EXECUTIVE. DURING THE YEAR ENDED DECEMBER 31, 2017, THE CREDIT UNION ADVANCED $1,700,000 TO THE EXECUTIVE IN ORDER TO COVER THE PREMIUMS. THE TOTAL FUNDING INCLUDES ONE YEAR OF PREMIUM AND SIX ADDITIONAL PREMIUM COMMITMENTS OF $254,512 PER YEAR, HELD IN A PREMIUM DEPOSIT ACCOUNT AT MINNESOTA LIFE INSURANCE COMPANY, CURRENTLY RATED A (SUPERIOR) BY A.M. BEST COMPANY, AN INSURANCE INDUSTRY RATING AGENCY. THE CREDIT UNION RECORDS A LOAN RECEIVABLE AT THE LESSER OF THE CASH SURRENDER VALUE OF THE POLICY OR THE LOAN AMOUNT PLUS ACCRUED INTEREST. AS OF DECEMBER 31, 2022 AND 2021, THE BALANCE OF THE LOAN TO THE CEO UNDER THIS ARRANGEMENT, NET OF APPLICABLE ALLOWANCE, WAS APPROXIMATELY $1,731,393 AND $1,749,430, RESPECTIVELY. DAVID UPHAM (COO) PARTICIPATES IN A 457(F) PLAN. THERE WERE CONTRIBUTIONS TOTALING $28,143 DURING THE CURRENT YEAR. MATTHEW KERSHAW OFFICER FUND PURCHASE OF LIF X 1700000 1731393 false true true JOSHUA HALDEMAN OFFICER FUND PURCHASE OF LIF X 1350000 1323186 false true true SHANNON HILLER OFFICER FUND PURCHASE OF LIF X 1200000 1175441 false true true PATRICIA OCHAL OFFICER RESTRICTED BONUS PLA X 1386616 1386616 false true true 5616636 SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS: (A) NAME OF PERSONS: MATTHEW KERSHAW, JOSHUA HALDEMAN, AND SHANNON HILLER (C) PURPOSE OF LOAN: FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY FORM 990, PART III, LINE 1 DESCRIPTION OF ORGANIZATION MISSION: BOARD APPROVED MISSION: TO HELP CLARK COUNTY CREDIT UNION MEMBERS REALIZE THEIR FINANCIAL GOALS AND DREAMS. CLARK COUNTY CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, CLARK COUNTY CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFIT, OR SERVICE OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS: CLARK COUNTY CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS, AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. CLARK COUNTY CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE GOVERNING BODY: THE GOVERNING BOARD OF CLARK COUNTY CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY ITS BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B BOARD ELECTIONS: AT THE END OF EACH BOARD MEMBER'S TERM, ELECTIONS ARE HELD AND BOARD MEMBERS ARE VOTED BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO THE CREDIT UNION'S BY-LAWS. MEMBER VOTES ARE ALSO REQUIRED TO RATIFY DECISIONS DEALING WITH REORGANIZATIONS AS IN THE CASE OF MERGER OR DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990: THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND CONTROLLER PRIOR TO SUBMISSION TO THE IRS. THE FORM 990 IS ALSO REVIEWED BY STATE EXAMINERS AND AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: CLARK COUNTY CREDIT UNION'S HUMAN RESOUCES DEPARTMENT REGULARLY MONITORS AND ENFORCES EMPLOYEE COMPLIANCE REGARDING ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A REVIEW OF COMPENSATION: THE BOARD OF DIRECTORS REVIEWS THE CEO'S SALARY EACH YEAR DURING THE FEBRUARY/MARCH TIMEFRAME. FORM 990, PART VI, SECTION B, LINE 15B REVIEW OF COMPENSATION: THE CREDIT UNION USES A THIRD PARTY VENDOR TO REVIEW COMPENSATION BY JOB TYPE/GRADE. OTHER EXECUTIVES ARE THEN REVIEWED BY CEO. KEY EMPLOYEES ARE REVIEWED BY THE EXECUTIVE OFFICER THEY REPORT TO. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS: CLARK COUNTY CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO ITS MEMBERS UPON REQUEST. MEMBERS AUTO BROKERAGE INC PO BOX 36490 LAS VEGAS NV 89133 880394216 USED CAR SALES NV CLARK COUNTY CU C CORP 822283 916576 1.00000 true false false false true false false false false false true false false false true true false true false false MEMBERS AUTO BROKERAGE INC D 70809 LOAN AMOUNT MEMBERS AUTO BROKERAGE INC J,N 54120 RENT AMOUNT MEMBERS AUTO BROKERAGE INC O 432531 PAYROLL AMOUNT MEMBERS AUTO BROKERAGE INC Q 86980 INTEREST REBATE MEMBERS AUTO BROKERAGE INC Q 63700 % OF TIME MEMBERS AUTO BROKERAGE INC Q 38512 actual cost