2021-10-13T13:57:32-05:00 2020-12-31 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2020-01-01 540662923 DUPONT COMMUNITY CREDIT UNION DUPO 5409463200 PO BOX 1365 WAYNESBORO VA 22980 STEPHEN F ELKINS PRESIDENT & CHIEF EXECUTIVE OFFICER 5409463200 2021-09-27 1 STEPHEN ELKINS XXX-XX-XXXX JANICE A RATICA P00358837 7043338881 2021-09-27 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z STEPHEN F ELKINS PO BOX 1365 WAYNESBORO VA 22980 65621609 0 X WWW.MYDCCU.COM X 1959 VA COMMITTED TO EXCELLENCE THROUGH OUR RELATIONSHIPS WITH OUR MEMBERS, EMPLOYEES & COMMUNITY. 7 7 427 14 563763 184086 0 0 61870658 61531288 4730427 3314416 550233 735497 67151318 65581201 0 0 10150905 9371865 26101287 25745883 0 0 0 21456367 21489025 57708559 56606773 9442759 8974428 1272085361 1539571454 1145120470 1403221959 126964891 136349495 TO BE THE PREMIER PROVIDER OF FINANCIAL SERVICES, WE ARE COMMITTED TO EXCELLENCE THROUGH OUR RELATIONSHIPS WITH OUR MEMBERS, EMPLOYEES, AND COMMUNITY. 0 0 CONSUMER & BUSINESS LENDING AND SAVINGS, CHECKING, AND CERTIFICATES OF DEPOSIT ACCOUNTS. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 26929 0 427 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 VA X ANGELA BANDY 5409463200 PO BOX 1365 WAYNESBORO VA 22980 TIMOTHY M SIMMONS DIRECTOR 1.00 X 0 0 0 DREW ELLEN GOGIAN DIRECTOR 1.00 X 0 0 0 MARVIN G COPELAND JR DIRECTOR 1.00 X 0 0 0 EVERETT J CAMPBELL JR CHAIRMAN 1.00 X X 0 0 0 Q MAURICE GRESHAM VICE CHAIRMAN 1.00 X X 0 0 0 MICHAEL P BLINN TREASURER 1.00 X X 0 0 0 ANGELA M SIMONETTI SECRETARY 1.00 X X 0 0 0 STEVE ELKINS PRESIDENT/CEO 40.00 X 910346 0 30342 BARRY SMITH CHIEF OPERATING OFFICER 40.00 X 325576 0 67715 STEVE PITTMAN CHIEF FINANCIAL OFFICER 40.00 X 205679 0 56183 JACKIE CASON VP OF HUMAN RESOURCES 40.00 X 236000 0 22514 MIKE TRANUM CHIEF INFORMATION 40.00 X 528680 0 61671 ANGIE BANDY VP ACCOUNTING 40.00 X 170522 0 42591 JACOB LAREW VP OF RETAIL SERVICES 40.00 X 165460 0 23256 KATHY PERDUE MORTGAGE ADVISOR 40.00 X 198498 0 7851 TINA COFFEY MORTGAGE ADVISOR 40.00 X 240748 0 23345 2981509 0 335468 9 0 1 0 SYCOM TECHNOLOGIES 2800 ELECTRIC RD 103C ROANOKE VA 24018 TECHNOLOGY CONSULTING 570747 BLUE RIDGE APPRAISALS 19 TERRY COURT SUITE A STAUNTON VA 24401 APPRAISAL SERVICES 123500 HARRISONBURG PRINTING & GRAPHICS LLC 4564 S VALLEY PIKE HARRISONBURG VA 22801 PRINTING SERVICES 109705 FRY APPRAISAL 102 MACTANLY PL STE B STAUNTON VA 24401 APPRAISAL SERVICES 109100 AVTEX SOLUTIONS LLC 3500 AMERICAN BLVD W 300 BLOOMINGTON MN 55431 WIRELINE TELECOM SERVICES 103404 5 DEPOSITORY CREDIT INTERMEDIATION 522100 43397275 43397275 PROCESSING FEES 522100 13602482 13433725 168757 SECONDARY MARKET INCOME 900099 2797854 2797854 INSURANCE SALES 524298 742723 742723 CARD PROGRAM INCENTIVES 900099 585879 585879 405075 10069 395006 61531288 3321314 3321314 7322 0 7322 7322 7322 33510 40408 -6898 -6898 -6898 SECONDARY MARKET GAIN 900099 421339 421339 LOAN SERVICING INCOME 900099 299641 299641 MERCHANT COMMISSIONS 900099 7195 7195 728175 65581201 61688505 563763 3328933 9371865 18507035 522167 5441624 1275057 51922 10000 887923 975484 5761520 1451072 1197823 47436 453328 3786064 129682 CREDIT CARD EXPENSES 2629810 PROVISION FOR LOAN LOSS 2338716 DEBIT CARD EXPENSES 1562315 EDUCATION & PROMOTIONAL 142256 63674 56606773 11188082 12878434 117252595 240816726 3489751 4680292 6204487 6318677 931660580 946908515 1523670 1450422 82350453 25973884 57232232 56376569 91117415 211676120 2765500 2720300 2387467 1526765 47263582 54218634 1272085361 1539571454 19991241 19801596 14910850 12640050 1110218379 1370780313 1145120470 1403221959 X 0 0 0 0 126964891 136349495 126964891 136349495 1272085361 1539571454 X 8974428 1093190 -683014 X X 0 1 X 1 0 10000 PART I-A, LINE 1: DURING 2020 A CONTRIBUTION OF $10,000 WAS MADE TO THE VIRGINIA CREDIT UNION POLITICAL ACTION COMMITTEE (VACUPAC). 13039097 13039097 42522381 8990065 33532316 22531642 15204146 7327496 4257333 1779673 2477660 56376569 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1370780313 1370780313 X 65991377 1093190 -683014 410176 65581201 0 65581201 56606773 0 56606773 0 56606773 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER IRC 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2020 AND 2019. THE CREDIT UNION'S 2017 THROUGH 2019 YEARS TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DEFINED BENEFIT PLAN -373,866. POST RETIREMENT BENEFITS -309,148. X X X X 0 1 0 STEVE ELKINS PRESIDENT/CEO 871967 0 34779 0 3600 0 8550 0 21792 0 940688 0 0 0 MIKE TRANUM CHIEF INFORMATION 495438 0 33242 0 0 0 42712 0 18959 0 590351 0 0 0 BARRY SMITH CHIEF OPERATING OFFICER 265596 0 59980 0 0 0 53387 0 14328 0 393291 0 0 0 TINA COFFEY MORTGAGE ADVISOR 142029 0 98719 0 0 0 4386 0 18959 0 264093 0 0 0 STEVE PITTMAN CHIEF FINANCIAL OFFICER 171922 0 33757 0 0 0 37224 0 18959 0 261862 0 0 0 JACKIE CASON VP OF HUMAN RESOURCES 205439 0 30561 0 0 0 3555 0 18959 0 258514 0 0 0 ANGIE BANDY VP ACCOUNTING 149889 0 20633 0 0 0 36288 0 6303 0 213113 0 0 0 KATHY PERDUE MORTGAGE ADVISOR 163082 0 35416 0 0 0 4851 0 3000 0 206349 0 0 0 JACOB LAREW VP OF RETAIL SERVICES 137808 0 27652 0 0 0 4297 0 18959 0 188716 0 0 0 GERALD B HERSHEY FORMER PRESIDENT AND CEO SPLIT DOLLAR LIFE INSURANCE X 6216401 6318677 0 1 1 6318677 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 82,499 GENERAL MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER IS ENTITLED TO ONE VOTE DURING BOARD MEMBER ELECTIONS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS ARE ENTITLED TO VOTE ON CORPORATE MATTERS AS REQUIRED UNDER VA STATE LAW. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED AND APPROVED BY THE PRESIDENT & CEO AND SENIOR VICE PRESIDENT, CFO PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C DUPONT COMMUNITY CREDIT UNION (DCCU) HAS A CONFLICT OF INTEREST POLICY THAT SERVES AS A PREVENTIVE CONTROL. IT INFORMS STAFF AND VOLUNTEERS WHAT TYPES OF BUSINESS RELATED TRANSACTIONS AND ACTIVITIES COULD BE CONSIDERED A CONFLICT OF INTEREST, AND SHOULD THEREFORE BE AVOIDED. DCCU'S DETECTIVE CONTROLS RELATING TO CONFLICTS OF INTEREST CONSIST OF MONITORING (THROUGH INTERNAL AND EXTERNAL AUDITING) ON A RANDOM SAMPLING BASIS TO LOOK FOR INAPPROPRIATE, UNAUTHORIZED, AND CONFLICT-OF-INTEREST TYPE TRANSACTIONS AND ACTIVITY IN ALL AREAS OF THE CREDIT UNION. ANYONE SUSPECTED OF BEING INVOLVED IN INAPPROPRIATE, UNAUTHORIZED OR CONFLICT-OF-INTEREST TYPE TRANSACTIONS OR ACTIVITIES WOULD BE SUBJECT TO FURTHER INTERROGATION AND INVESTIGATION. MANAGEMENT AND POSSIBLY ALSO THE SUPERVISORY COMMITTEE WOULD THEN DECIDE APPROPRIATE REMEDIAL OR DISCIPLINARY ACTION THAT WOULD BE APPROPRIATE FOR THE SITUATION. FORM 990, PART VI, SECTION B, LINE 15 THE CHIEF EXECUTIVE OFFICER (CEO) SALARY RANGE IS DETERMINED USING A COMPENSATION AND PERFORMANCE CONSULTANT. CEO SALARY RANGE IS IDENTIFIED HEAVILY USING MARKET DATA ANALYSIS; AND INDIVIDUAL COMPENSATION IS DETERMINED BY THE CREDIT UNION BOARD OF DIRECTORS, ANNUALLY, USING THE SALARY RANGE AND THE PERFORMANCE EVALUATION OF THE CEO. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE INDEPENDENT CONSULTANT AND BY COMPEASE, WHICH USES MARKET DATA AND JOB DESCRIPTIONS. THE PROCESS OCCURS ANNUALLY AS PART OF BUDGET PROCESS. THE DECISION RELATED TO COMPENSATION IS DOCUMENTED IN MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990, FORM 990-T AND FORM 1023 ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST. THE FINANCIAL STATEMENTS ARE AVAILABLE AT BRANCH OFFICE LOCATIONS. FORM 990, PART XI, LINE 9: CHANGE IN DEFINED BENEFIT PENSION -373,866. CHANGE IN POST-RETIREMENT BENEFITS -309,148. FORM 990, PART XII, LINE 2C: PROCESS HAS NOT CHANGED FROM PRIOR YEAR.