2022-11-14T15:20:58-06:00 2021-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2021-01-01 951981100 CHRISTIAN COMMUNITY CREDIT UNION CHRI 8003472228 255 N LONE HILL AVENUE SAN DIMAS CA 917732308 JASON THOMAS SVP/CFO 8003472228 2022-11-14 1 JASON THOMAS XXX-XX-XXXX JENIFER L CHASE P01306883 5638884000 2022-11-12 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z BLAIR KORSCHUN 255 N LONE HILL AVENUE SAN DIMAS CA 917732308 28678825 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. 6 6 143 9 72774 0 0 0 28425667 27855519 706119 745206 15326 70000 29147112 28670725 306619 366961 5322221 3750399 12720152 14572047 0 0 0 8117808 9133887 26466800 27823294 2680312 847431 802306584 862846782 708680951 768379133 93625633 94467649 X THE MISSION OF CHRISTIAN COMMUNITY CREDIT UNION IS TO SERVE CHRIST FOLLOWERS TO LIVE AND GIVE MORE ABUNDANTLY. 0 0 THE CREDIT UNION OFFERS A FULL RANGE OF BANKING SERVICES TO ITS MEMBERS, BOTH RETAIL AND MINISTRY. AS OF 12/31/21, OUR MEMBERS HAD $762,806,316 ON DEPOSIT IN INSURED ACCOUNTS IN THE CREDIT UNION. THE CREDIT UNION HAD $106,126,705 IN SAVINGS ACCOUNTS, $231,808,637 IN CHECKING ACCOUNTS, $217,462,684 IN MONEY MARKET, AND $207,408,290 IN CERTIFICATES OF DEPOSIT AND IRAS. THE COST OF FUNDS AT YEAR-END ON THESE ACCOUNTS WAS 0.39%. THE CREDIT UNION BEGAN THE YEAR WITH 28,894 MEMBERS AND ENDED THE YEAR WITH 28,762 MEMBERS FOR A DECREASE OF 132. THE CREDIT UNION HAD 26,971 IN INDIVIDUAL ACCOUNTS AND 1,791 IN MINISTRY ACCOUNTS AT YEAR-END. 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 $275,912,781 IN RETAIL FIRST TRUST DEED LOANS AS OF 12/31/21. THEY REPRESENT 46% OF OUR LOAN PORTFOLIO AND 32% OF OUR TOTAL ASSETS. THE AVERAGE YIELD ON THESE LOANS WAS 3.07%. THE PORTFOLIO INCREASED 7.79% DURING 2021. 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 $243,297,066 IN OUTSTANDING FIRST TRUST DEED LOANS TO CHURCHES AND MINISTRIES AS OF 12/31/21. THEY REPRESENT 41% OF OUR LOAN PORTFOLIO AND 28% OF OUR TOTAL ASSETS. THE YIELD ON THESE LOANS WAS 4.07%. THE PORTFOLIO DECREASED 2.58% DURING 2021 CREDIT UNION CONSUMER LENDING: THE CREDIT UNION HAS $12,856,042 IN CAR LOANS, $20,781,861 IN CREDIT CARD ACCOUNTS AND $2,465,750 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 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12040 0 1 143 1 1 1 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 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 MARK BARGAEHR DIRECTOR 1.00 X 500 0 0 DOROTHY KIM DIRECTOR 1.00 X 4365 0 0 CATHY BARRETT TREASURER 1.00 X X 4430 0 0 RICK BEE SECRETARY 1.00 X X 4284 0 0 MICHAEL PATE VICE CHAIR 1.00 X X 4117 0 0 DALE TORRY CHAIR 1.00 X X 3325 0 0 STUART BLAIR KORSCHUN PRESIDENT/CEO 40.00 X 805519 0 32674 MARJORIE HUGHES EVP/COO 40.00 X 510197 0 14415 JASON THOMAS SVP/CFO 40.00 X 343389 0 35410 MICHAEL POIRIER SVP MINISTRY LENDING 40.00 X 376835 0 23772 DAVID SOUTH SVP-HUMAN RESOURCES 40.00 X 332470 0 13759 AARON CAID SVP/CMO 40.00 X 303805 0 9300 JOHN SILVIS SVP/CTO 40.00 X 285195 0 30045 TIM LAWRENCE VP-MDG OPERATIONS 40.00 X 209517 0 24076 DONNA ESSE VP-ELECTRONIC SERVICES 40.00 X 165327 0 7068 CHARLANDA ALLEN AVP-RISK MANAGEMENT 40.00 X 159854 0 23132 RONA FORD LENDING- MINISTRY DEVELOPMENT GROUP 40.00 X 158144 0 8048 JEREMIAH BROWN SR. MDO 40.00 X 149267 0 12835 JOHN WALLING FORMER OFFICER 0.00 X 154058 0 0 3974598 0 234534 29 1 1 0 PSCU FINANCIAL 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 2201875 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 EPISYS CU CORE SYSTEM 615943 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 900740641 MEMBER PC BANKING SERVICE 578570 CU ENGAGE LLC 450 CARILLON PARKWAY SUITE 130 ST PETERSBURG FL 33716 CONSULTING SVCS. CREDIT CARD ON LINE 407369 MATLOCK DESIGN BUILD INC 1614 E HOLT BLVD 106 ONTARIO CA 91761 BUILDING REMODELING 253504 18 INTEREST ON LOANS 522100 21731591 21731591 INTERCHANGE INCOME 522100 2828326 2827113 1213 FEE INCOME 522100 1681531 1631447 50084 LOAN SERVICES 522100 664988 664988 RECOVERY FROM LOAN LOSS PROVISIO 522100 404205 404205 544878 523401 21477 27855519 753306 753306 70000 70000 8100 -8100 -8100 -8100 28670725 27782745 72774 815206 278961 88000 3750399 3173283 7301242 932788 2414723 750011 73091 228000 492131 611427 924413 1853575 492138 228396 33264 518427 118524 CREDIT CARD EXPENSES 961825 SHARE DRAFT/ATM&DEBIT E 846683 LOAN SERVICING EXPENSE 433688 1318305 27823294 489393 338943 180066523 222491524 542160 557254 586457555 591025794 752975 1054716 18298865 12208317 6332983 6090548 13767350 10437348 13897645 30850655 802306584 862846782 5541804 5444332 52757 128485 703086390 762806316 708680951 768379133 X 0 0 0 0 93625633 94467649 93625633 94467649 802306584 862846782 847431 -5415 0 X X 0 0 0 3064 3064 3064 1 CALIFORNIA CREDIT UNION LEAGUE 2855 E GUASTI RD SUITE 600 ONTARIO CA 917611250 942329967 3064 1533 PART I-A, LINE 1: 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. 1728686 1728686 10352997 6536558 3816439 3894955 3499478 395477 2322227 2172281 149946 6090548 MEMBER SHARE DEPOSITS 762806316 762806316 1 BIOLA UNIVERSITY 13800 BIOLA AVE LA MIRADA CA 90639 950549600 501(C)(3) 27412 0 PROGRAM SUPPORT COUNCIL FOR CHRISTIAN COLLEGES & UNIVERSITIES 321 EIGHTH ST NE WASHINGTON DC 200026107 521247182 501(C)(3) 90000 0 PROGRAM SUPPORT INSTITUTE FOR GLOBAL ENGAGEMENT PO BOX 12205 ARLINGTON VA 22219 233042456 501(C)(3) 25000 0 PROGRAM SUPPORT INTERNATIONAL MINISTRIES 1003 W 9TH AVE STE A KING OF PRUSSIA PA 19406 135563392 501(C)(3) 19911 0 PROGRAM SUPPORT MISSION AVIATION FELLOWSHIP 112 N PILATUS LN NAMPA ID 83687 951920983 501(C)(3) 68188 0 PROGRAM SUPPORT OLIVE CREST 17800 WOODRUFF AVE BELLFLOWER CA 90706 952877102 501(C)(3) 11150 0 PROGRAM SUPPORT SAMARITAN MINISTRIES INTERNATIONAL 6000 N FOREST PARK DR PEORIA IL 616143556 371295601 501(C)(3) 12300 0 PROGRAM SUPPORT SAMARITAN 'S PURSE PO BOX 3000 BOONE NC 28607 581437002 501(C)(3) 10000 0 PROGRAM SUPPORT TRANSFORMATION MINISTRIES 222 E GLENARM STE B2 PASADENA CA 91106 951691317 501(C)(3) 15000 0 PROGRAM SUPPORT 9 0 SCHOLARSHIP FOR STUDENTS ATTENDING CHRISTIAN COLLEGES 57 57000 SCHOLARSHIP FOR STUDENTS ATTENDING SECULAR COLLEGES 31 31000 PART I, LINE 2: CHRISTIAN COMMUNITY CREDIT UNION'S (CCCU) 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. CCCU DOES NOT MONITOR SCHOLARSHIP FUNDS ONCE THEY ARE DISBURSED. CCCU DOES NOT REQUIRE THAT THE SCHOLARSHIP FUNDS BE USED FOR ANY SPECIFIC SCHOOL RELATED EXPENSE, THUS THERE IS NO MONITORING INVOLVED. X X X 1 1 X X X X 0 1 0 STUART BLAIR KORSCHUN PRESIDENT/CEO 528115 0 126000 0 151404 0 7004 0 33444 0 845967 0 0 0 MARJORIE HUGHES EVP/COO 396384 0 110166 0 3647 0 7004 0 10042 0 527243 0 0 0 MICHAEL POIRIER SVP MINISTRY LENDING 259275 0 65000 0 52560 0 6550 0 19679 0 403064 0 0 0 JASON THOMAS SVP/CFO 299089 0 43340 0 960 0 6288 0 33120 0 382797 0 0 0 DAVID SOUTH SVP-HUMAN RESOURCES 296983 0 32559 0 2928 0 6348 0 11254 0 350072 0 0 0 JOHN SILVIS SVP/CTO 260164 0 24229 0 802 0 5545 0 27621 0 318361 0 0 0 AARON CAID SVP/CMO 267421 0 35060 0 1324 0 6550 0 4802 0 315157 0 0 0 TIM LAWRENCE VP-MDG OPERATIONS 203411 0 4009 0 2097 0 0 0 27341 0 236858 0 0 0 CHARLANDA ALLEN AVP-RISK MANAGEMENT 155050 0 0 0 4804 0 0 0 25668 0 185522 0 0 0 DONNA ESSE VP-ELECTRONIC SERVICES 159959 0 4129 0 1239 0 0 0 9171 0 174498 0 0 0 RONA FORD LENDING- MINISTRY DEVELOPMENT GROUP 152923 0 4009 0 1212 0 0 0 11525 0 169669 0 0 0 JEREMIAH BROWN SR. MDO 145770 0 3151 0 346 0 0 0 15470 0 164737 0 0 0 JOHN WALLING FORMER OFFICER 0 0 0 0 154058 0 0 0 0 0 154058 0 0 0 PART I, LINE 1A SR. MANAGEMENT MAY PERIODICALLY APPROVE THE REIMBURSEMENT OF TRAVEL EXPENSES FOR A GUEST. THE IRS 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 (MANAGEMENT EXPENSE POLICY) OR TO ACCOUNTS PAYABLE (NON-EMPLOYEES) FOR REPORTING ON 1099-NEC. PART I, LINE 4B JOHN T. WALLING, FORMER OFFICER, PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN SPONSORED BY CHRISTIAN COMMUNITY CREDIT UNION AND RECEIVED A $154,058 DISTRIBUTION DURING 2021. 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 11B FORM 990 IS REVIEWED BY THE CEO, CFO, AND THE VP OF ACCOUNTING. 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 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 CEO FOR REVIEW TO IDENTIFY OR QUESTION ANY AREAS OF CONCERN. IF THERE ARE NO CONCERNS TO THE EXCEPTIONS, THE CEO 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 CEO COMPENSATION. A BOARD COMMITTEE REVIEWS AND APPROVES THE COMPILED THIRD PARTY RECOMMENDATIONS AND DOCUMENTS THEIR DECISION THROUGH MEETINGS, MINUTES, AND A SIGNED CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XII, LINE 2B THE ORGANIZATION'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. FORM 990, PART I, LINE 6 THE VOLUNTEERS SERVE ON THE BOARD OF DIRECTORS AND THE SUPERVISORY COMMITTEE. THEY GENERALLY MEET ONE DAY A MONTH. THE CHAIRMAN OF THE BOARD USUALLY VOLUNTEERS AN EXTRA DAY A MONTH. THEY ARE UNPAID.