2019-10-24T10:09:55-05:00 2018-12-31 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2018-01-01 540662923 DUPONT COMMUNITY CREDIT UNION DUPO 5409463200 PO BOX 1365 WAYNESBORO VA 22980 STEPHEN F ELKINS PRESIDENT & CHIEF EXECUTIVE OFFICER 5409463200 2019-10-16 1 JANICE A RATICA P00358837 7043338881 2019-10-16 99.85.56.49 2019-10-16 07:08:42 ED P C9520C96C1773AB04EF2131478939B2DDAC6E37B BD9918A8CC50EF6BAD6F96AD3F47CB4FEB008E20 2018 2019-02-21 02:37:17Z STEPHEN F ELKINS PO BOX 1365 WAYNESBORO VA 22980 80840488 0 X WWW.MYDCCU.COM X 1959 VA COMMITTED TO EXCELLENCE THROUGH OUR RELATIONSHIPS WITH OUR MEMBERS, EMPLOYEES & COMMUNITY. 7 7 404 15 476588 156513 0 0 54923076 60797193 3388106 4134985 208573 854214 58519755 65786392 0 0 5470017 6808080 21288962 24150312 0 0 0 25360187 26416291 52119166 57374683 6400589 8411709 1137375645 1176455731 1029061151 1060913612 108314494 115542119 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 0 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 45 0 404 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 TIM SIMMONS DIRECTOR 1.00 X 0 0 0 DANIEL BOWMAN DIRECTOR 1.00 X 0 0 0 MICHAEL BLINN DIRECTOR 1.00 X 0 0 0 EVERETT CAMPBELL CHAIRMAN 1.00 X X 0 0 0 MAURICE GRESHAM VICE CHAIRMAN 1.00 X X 0 0 0 LES RAMSEY TREASURER 1.00 X X 0 0 0 DREW GOGIAN SECRETARY 1.00 X X 0 0 0 STEVE ELKINS PRESIDENT/CEO 1.00 X 311168 0 160516 BARRY SMITH SVP/CHIEF LENDING OFFICER 1.00 X 189475 0 71255 STEVE PITTMAN VP OF FINANCE 1.00 X 139334 0 71388 JACKIE CASON VP OF HUMAN RESOURCES 1.00 X 142050 0 76114 ANGIE BANDY VP OF ACCOUNTING AND ADMINISTRATION 1.00 X 141016 0 54364 MIKE TRANUM SVP/CHIEF TECHNOLOGY OFFICER 1.00 X 210529 0 84383 TARA SMITH SVP/CHIEF RETAIL OFFICER 1.00 X 191827 0 22771 1325399 0 540791 7 0 1 0 0 DEPOSITORY CREDIT INTERMEDIATION 522100 43241113 43241113 PROCESSING FEES 522100 14531874 14362793 169081 INSURANCE SALES 524298 1586653 1586653 SECONDARY MARKET INCOME 900099 572957 572957 CARD PROGRAM INCENTIVES 900099 474762 474762 389834 82327 307507 60797193 4156191 4156191 30056 0 30056 30056 30056 14933373 99517 14944367 109729 -10994 -10212 -21206 -21206 NCUSIF DISTRIBUTION 900099 626424 626424 LOAN SERVICING INCOME 900099 169281 169281 SECONDARY MARKET GAIN 900099 25020 25020 3433 3433 824158 65786392 61141330 476588 4168474 6808080 17007622 728584 5241914 1172192 17233 131133 570206 5010486 1316805 1264201 50326 813197 3234255 123429 PROVISION FOR LOAN LOSS 5971492 DEBIT CARD EXPENSES 4002345 CREDIT CARD EXPENSES 2139868 EDUCATION & PROMOTIONAL 1699963 71352 57374683 9565962 11311118 52960308 47439768 731986 6115585 6158982 877333473 907235971 10374009 1380622 74851380 19747517 50775200 55103863 87488757 97688546 7309630 2997900 2334581 2413417 33118140 43993558 1137375645 1176455731 15856014 15306070 27797593 22876650 985407544 1022730892 1029061151 1060913612 X 0 0 0 0 108314494 115542119 108314494 115542119 1137375645 1176455731 X 8411709 -429142 -754942 X 0 1 X 1 0 12968682 12968682 40286675 6598722 33687953 18011143 11800887 6210256 3584880 1347908 2236972 55103863 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1022730892 1022730892 X 64602308 -429142 -754942 -1184084 65786392 0 65786392 57374683 0 57374683 0 57374683 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, 2018 AND 2017. THE CREDIT UNION'S 2015 THROUGH 2017 YEARS TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DEFINED BENEFIT PLAN -964,674. POST RETIREMENT BENEFITS 209,732. X X X 0 1 0 STEVE ELKINS PRESIDENT/CEO 307568 0 0 0 3600 0 140679 0 19837 0 471684 0 0 0 BARRY SMITH SVP/CHIEF LENDING OFFICER 189475 0 0 0 0 0 58586 0 12669 0 260730 0 0 0 STEVE PITTMAN VP OF FINANCE 139334 0 0 0 0 0 53071 0 18317 0 210722 0 0 0 JACKIE CASON VP OF HUMAN RESOURCES 142050 0 0 0 0 0 56277 0 19837 0 218164 0 0 0 ANGIE BANDY VP OF ACCOUNTING AND ADMINISTRATION 141016 0 0 0 0 0 41794 0 12570 0 195380 0 0 0 MIKE TRANUM SVP/CHIEF TECHNOLOGY OFFICER 210529 0 0 0 0 0 66066 0 18317 0 294912 0 0 0 TARA SMITH SVP/CHIEF RETAIL OFFICER 188827 0 0 0 3000 0 20771 0 2000 0 214598 0 0 0 GERALD B HERSHEY FORMER PRESIDENT AND CEO SPLIT DOLLAR LIFE INSURANCE X 6216401 6158982 0 0 0 6158982 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 78,513 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. 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 -964,674. CHANGE IN POST-RETIREMENT BENEFITS 209,732.