2021-11-15T08:44:58-06:00 2020-12-31 420714325 RSM US LLP 801 NICOLLET MALL WEST TOWER STE 1200 MINNEAPOLIS MN 554022526 990 2020-01-01 951981100 CHRISTIAN COMMUNITY CREDIT UNION CHRI 8003472228 255 N LONE HILL AVENUE SAN DIMAS CA 917732308 JASON THOMAS SVP/CFO 8003472228 2021-11-10 1 JASON THOMAS XXX-XX-XXXX KACIE MCEWEN P01599614 6123324300 2021-11-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z BLAIR KORSCHUN 255 N LONE HILL AVENUE SAN DIMAS CA 917732308 29153228 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 10 85029 0 0 0 29785617 28425667 2034261 706119 12973 15326 31832851 29147112 207216 306619 5047668 5322221 11685343 12720152 0 0 0 10168565 8117808 27108792 26466800 4724059 2680312 694332444 802306584 603387123 708680951 90945321 93625633 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 THE CREDIT UNION OFFERS A FULL RANGE OF BANKING SERVICES TO ITS MEMBERS, BOTH RETAIL AND MINISTRY. AS OF 12/31/20, OUR MEMBERS HAD $703,086,390 ON DEPOSIT IN INSURED ACCOUNTS IN THE CREDIT UNION. THE CREDIT UNION HAD $93,285,980 IN SAVINGS ACCOUNTS, $210,177,404 IN CHECKING ACCOUNTS, $164,375,118 IN MONEY MARKET, AND $235,247,887 IN CERTIFICATES OF DEPOSIT AND IRAS. THE COST OF FUNDS AT YEAR-END ON THESE ACCOUNTS WAS 0.65%. THE CREDIT UNION BEGAN THE YEAR WITH 30,448 MEMBERS AND ENDED THE YEAR WITH 28,894 MEMBERS FOR A DECREASE OF 1,554. THE CREDIT UNION HAD 27,123 IN INDIVIDUAL ACCOUNTS AND 1,771 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 $255,981,663 IN RETAIL FIRST TRUST DEED LOANS AS OF 12/31/20. THEY REPRESENT 43% OF OUR LOAN PORTFOLIO AND 32% OF OUR TOTAL ASSETS. THE AVERAGE YIELD ON THESE LOANS WAS 3.36%. THE PORTFOLIO INCREASED 3.68% DURING 2020. 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 $249,732,772 IN OUTSTANDING FIRST TRUST DEED LOANS TO CHURCHES AND MINISTRIES AS OF 12/31/20. THEY REPRESENT 42% OF OUR LOAN PORTFOLIO AND 31% OF OUR TOTAL ASSETS. THE YIELD ON THESE LOANS WAS 4.29%. THE PORTFOLIO DECREASED 1.90% DURING 2020 CREDIT UNION CONSUMER LENDING: THE CREDIT UNION HAS $16,233,530 IN CAR LOANS, $20,984,979 IN CREDIT CARD ACCOUNTS AND $2,778,239 IN STUDENT LOANS. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13203 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 1 1 1 1 1 1 1 1 1 1 0 CA X JASON THOMAS 8003472228 255 N LONE HILL AVENUE SAN DIMAS CA 917732308 DALE TORRY CHAIR 1.00 X X 1306 0 0 MICHAEL PATE VICE CHAIR 1.00 X X 1802 0 0 CATHY BARRETT TREASURER 1.00 X X 1406 0 0 RICK BEE SECRETARY 1.00 X X 2073 0 0 MARK BARGAEHR DIRECTOR 1.00 X 1577 0 0 DOROTHY KIM DIRECTOR 1.00 X 1552 0 0 THOMAS MATLOCK DIRECTOR (UNTIL 7/23/20) 1.00 X 0 0 0 MARJORIE HUGHES EVP/COO 40.00 X 428193 0 14966 STUART BLAIR KORSCHUN PRESIDENT/CEO 40.00 X 442774 0 19856 JASON THOMAS SVP/CFO 40.00 X 264240 0 27001 JAMES SCOTT REITSMA SVP-MINISTRY DEVELOPMENT 40.00 X 312469 0 31769 DAVID SOUTH SVP-HUMAN RESOURCES 40.00 X 308586 0 14059 JOHN SILVIS SVP/CTO 40.00 X 244832 0 29846 TIM LAWRENCE VP-MINISTRY DEVELOPMENT GR 40.00 X 173068 0 28668 CHARLANDA ALLEN AVP-RISK MANAGEMENT 40.00 X 144759 0 21866 RONA FORD VP-MDG OPERATIONS 40.00 X 142024 0 8705 DONNA ESSE VP-ELECTRONIC SERVICES 40.00 X 141889 0 7161 JEREMIAH BROWN SR. MDO 40.00 X 135266 0 17996 JOHN T WALLING FORMER OFFICER 0.00 X 147912 0 0 2895728 0 221893 22 1 1 0 PSCU FINANCIAL 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 1798080 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 EPISYS CU CORE SYSTEM 655493 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 900740641 MEMBER PC BANKING SERVICE 525391 CARTERBALDWIN INC 200 MANSELL COURT EAST SUITE 450 ROSWELL GA 30076 MANAGEMENT PLACEMENT SERVICE 238538 FINANCIAL SERVICE CENTER COOPERATIVE IN 2855 E GUASTI ROAD SUITE 202 ONTARIO CA 917611249 SHARE BRANCH TRANSACTION SVCS 171496 10 INTEREST ON LOANS 522100 23659238 23659238 INTERCHANGE INCOME 522100 2363781 2362428 1353 FEE INCOME 522100 1507841 1456182 51659 LOAN SERVICES 522100 587863 587863 CUSO/WEALTH SOLUTIONS INCOME 522100 160012 134892 25120 146932 140035 6897 28425667 712235 712235 15326 0 15326 15326 15326 6116 -6116 -6116 -6116 29147112 28340638 85029 721445 200619 90000 16000 5322221 2316846 8161483 764922 752459 724442 105951 94187 213668 496224 176027 944256 1808021 507039 111373 49455 1 557019 116073 CREDIT CARD EXPENES 894134 SHR/DRAF/ATM/DEBIT EXPE 731714 LOAN SERVICING EXPENSE 372397 PROVISION FOR LOAN LOSS 366483 573786 26466800 403257 489393 87590842 180066523 271014 542160 561933227 586457555 835203 752975 18074716 11741733 6757907 6332983 23010393 13767350 13530601 13897645 694332444 802306584 5721498 5541804 54942 52757 597610683 703086390 603387123 708680951 X 0 0 0 0 90945321 93625633 90945321 93625633 694332444 802306584 2680312 0 X 0 1 X 1 0 3127 3127 3127 1 CALIFORNIA CREDIT UNION LEAGUE 2855 E GUASTI RD SUITE 600 ONTARIO CA 917611250 942329967 3127 1664 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. 0 0 1734008 1734008 10101587 6301296 3800291 3925093 3367653 557440 2314028 2072784 241244 6332983 MEMBER SHARE DEPOSITS 703086390 703086390 1 0 0 0 0 0 0 0 0 0 SUB-SAHARAN AFRICA BUILDING CHRISTIAN CAMP 16000 WIRE 0 1 0 0 0 0 0 0 0 PART I, LINE 2: THE CREDIT UNION WILL ASK THE MISSION RECIPIENT TO PROVIDE UPDATES ON HOW THE DEVELOPMENT OF THE CHRISTIAN CAMP IS PROGRESSING. THE UPDATES FROM THE MISSION WILL BE SHARED WITH THE BOARD OF DIRECTORS. PART III ACCOUNTING METHOD: 0 INSTITUTE FOR GLOBAL ENGAGEMENT PO BOX 12205 ARLINGTON VA 22219 233042456 501(C)(3) 30000 PROGRAM SUPPORT INTERNATIONAL MINISTRIES - AMERICAN BAPTIST MISSION SOCIETY 1003 W 9TH AVE STE A KING OF PRUSSIA PA 19406 135563392 501(C)(3) 29112 PROGRAM SUPPORT MISSION AVIATION FELLOWSHIP 112 N PILATUS LN NAMPA ID 83687 951920983 501(C)(3) 57526 PROGRAM SUPPORT TRANSFORMATION MINISTRIES 222 E GLENARM STE B2 PASADENA CA 91106 951691317 501(C)(3) 15000 PROGRAM SUPPORT OPERATION MOBILIZATION 285 LYNNWOOD AVE TYRONE GA 30290 222513811 501(C)(3) 23981 PROGRAM SUPPORT COUNCIL FOR CHRISTIAN COLLEGES & UNIVERSITIES 321 EIGHTH ST NE WASHINGTON DC 200026107 521247182 501(C)(3) 45000 PROGRAM SUPPORT 6 0 SCHOLARSHIP FOR STUDENTS ATTENDING CHRISTIAN COLLEGES 58 58000 SCHOLARSHIP FOR STUDENTS ATTENDING SECULAR COLLEGES 32 32000 PART I, LINE 2: THE CREDIT UNION INFORMS MEMBERS EACH YEAR OF THE AVAILABILITY OF SCHOLARSHIPS. THERE WERE 144 SCHOLARSHIP APPLICATIONS SUBMITTED FOR REVIEW IN 2020. SCHOLARSHIP APPLICANTS ARE REQUIRED TO OPEN A CHECKING ACCOUNT WITH CCCU IN ORDER TO APPLY FOR SCHOLARSHIP. APPLICANTS MUST BE ATTENDING A COLLEGE, UNIVERSITY OR SEMINARY FOR THE ACADEMIC YEAR. THEY ALSO NEED TO BE ENROLLED WITH 12 UNITS OR MORE FOR UNDERGRAD STUDENTS AND SIX UNITS OR MORE FOR GRADUATE AND POST GRADUATE STUDENTS. A SCHOLARSHIP COMMITTEE REVIEWS AND RATES EACH APPLICATION BASED ON GRADE POINT AVERAGE, ESSAY OR VIDEO SUBMISSION, AREAS OF INVOLVEMENT, AND A REFERENCE LETTER. FINAL SELECTIONS ARE HANDLED BY A SELECT GROUP OF BOARD MEMBERS. SCHOLARSHIPS AMOUNTS EACH YEAR ARE DETERMINED DEPENDING ON HOW WELL THE CREDIT UNION DID THE PREVIOUS YEAR. RENEWABLE SCHOLARSHIPS ARE AWARDED TO COLLEGE STUDENTS IN THE AMOUNT OF $1,000 PER SCHOOL YEAR. STARTING IN 2021, SCHOLARSHIPS AWARDS CHANGED TO A ONE-TIME AMOUNT OF $1,000 AND ARE NO LONGER RENEWABLE. THE SCHOLARSHIP AWARDS ARE DEPOSITED INTO THE STUDENT'S ACCOUNT. THE CREDIT UNION DOES NOT MONITOR GRANT 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 344973 0 8156 0 89645 0 7467 0 23295 0 473536 0 0 0 MARJORIE HUGHES EVP/COO 397774 0 27590 0 2829 0 7467 0 8802 0 444462 0 0 0 JAMES SCOTT REITSMA SVP-MINISTRY DEVELOPMENT 291545 0 16007 0 4917 0 6718 0 26354 0 345541 0 0 0 DAVID SOUTH SVP-HUMAN RESOURCES 290574 0 15768 0 2244 0 6104 0 10444 0 325134 0 0 0 JASON THOMAS SVP/CFO 241527 0 22200 0 513 0 4519 0 23710 0 292469 0 0 0 JOHN SILVIS SVP/CTO 227574 0 14849 0 2409 0 5230 0 26610 0 276672 0 0 0 TIM LAWRENCE VP-MINISTRY DEVELOPMENT GR 168311 0 3892 0 865 0 0 0 29800 0 202868 0 0 0 CHARLANDA ALLEN AVP-RISK MANAGEMENT 140217 0 3960 0 582 0 0 0 22841 0 167600 0 0 0 JEREMIAH BROWN SR. MDO 131885 0 3151 0 230 0 0 0 19370 0 154636 0 0 0 RONA FORD VP-MDG OPERATIONS 137048 0 3892 0 1084 0 0 0 10035 0 152059 0 0 0 DONNA ESSE VP-ELECTRONIC SERVICES 136769 0 4009 0 1111 0 0 0 8141 0 150030 0 0 0 JOHN T WALLING FORMER OFFICER 0 0 0 0 147912 0 0 0 0 0 147912 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 THE FOLLOWING INDIVIDUALS PARTICIPATED AND RECEIVED A DISTRIBUTION FROM A 457(F) NON-QUALIFIED RETIREMENT PLAN IN 2020: JOHN T. WALLING - $147,912 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 ALL STAFF AND OFFICIALS MUST COMPLETE AND SIGN THE POLICY ALONG WITH A QUESTIONNAIRE. 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 COMPILED RECOMMENDATIONS. 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 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.