2018-07-09T09:04:04-05:00 2016-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2016-01-01 951981100 CHRISTIAN COMMUNITY CREDIT UNION CHRI 8003472228 255 N LONE HILL AVENUE SAN DIMAS CA 91773 DOUG MARTINEZ PRESIDENT/CEO 8003472228 2018-07-03 1 GERALD B KISSELL P00092658 6123324300 2016 2022-09-23 18:48:47Z DOUG MARTINEZ 255 N LONE HILL AVENUE SAN DIMAS CA 91773 27684548 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 5 139 10 181722 -201273 0 0 26943240 26582381 208022 617883 20864 447075 27172126 27647339 239133 268010 3930930 3477894 11886454 11605944 0 0 0 7431637 8910058 23488154 24261906 3683972 3385433 623709398 636958247 551160219 560967783 72549179 75990464 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 CREDIT UNION BANKING SERVICE PROGRAMS:THE CREDIT UNION OFFERS A FULL RANGE OF BANKING SERVICES TO THE MEMBERS, BOTH RETAIL AND MINISTRY. AS OF 12/31/16 OUR MEMBERS HAD $552,646,841 ON DEPOSIT IN INSURED ACCOUNTS IN THE CREDIT UNION. THE CREDIT UNION HAS 72,705,746, IN SAVINGS ACCOUNTS, $153,886,672, IN CHECKING ACCOUNTS, $137,437,801, IN MONEY MARKET, AND $188,616,662, IN CERTIFICATES OF DEPOSIT. THE AVERAGE RATE OF RETURN ON THESE ACCOUNTS AT YEAR END WAS .53%. IRA CERTIFICATE ACCOUNTS EARNED 1.70%. NON-IRA CERTIFICATES EARNED 1.70% AT YEAR END. THE CREDIT UNION BEGAN THE YEAR WITH 29,596 MEMBERS AND ENDED THE YEAR WITH 29,893 FOR A INCREASE OF 245 NEW MEMBERS OR.83%. THE CREDIT UNION HAS 1,705 MINISTRY ACCOUNTS. CREDIT UNION RETAIL REAL ESTATE LENDING: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 LENDING IS MADE UP OF FIRST TRUST DEED, LOANS. THE CREDIT UNION HAD $185,267,075 IN OUTSTANDING RETAIL FIRST TRUST DEED LOANS AS OF 12/31/16. THEY REPRESENT 36.5% OF OUR LOAN PORTFOLIO AND 29% OF OUR TOTAL ASSETS. THE AVERAGE RATE ON THESE LOANS WAS 3.5%. THE PORTFOLIO INCREASED $23,091,896 OR 10.67% DURING 2016. THE DELINQUENCY RATIO FOR THE PORTFOLIO AT YEAR END WAS .28%. CREDIT UNION MINISTRY REAL ESTATE LENDING: 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 $281,134,468 IN OUTSTANDING FIRST TRUST DEED LOANS TO CHURCHES AND MINISTRIES AS OF 12/31/16. THEY REPRESENT 55.4% OF OUR LOAN PORTFOLIO AND 44% OF OUR TOTAL ASSETS. THE AVERAGE RATE ON THESE LOANS WAS 4.67%. THE PORTFOLIO DECREASED $19,270,158 DURING 2016 OR 6.4%. THE DELINQUENT LOAN RATIO FOR THE PORTFOLIO AT YEAR END WAS .30%. CREDIT UNION CONSUMER LENDING: AT 12/31/2016 THE CREDIT UNION HAD $11,396,457 IN CAR LOANS, $23,161,915 IN RETAIL CREDIT CARD ACCOUNTS AND $3,308,428 IN STUDENT LOANS. 0 0 1 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 12415 0 1 139 1 1 1 0 0 0 0 0 X 6 5 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X STAN WAHL 8003472228 255 N LONE HILL AVENUE SAN DIMAS CA 91773 JOHN PEARSON CHAIR 1.00 X X 5620 0 0 MICHAEL PATE VICE CHAIR 1.00 X X 5520 0 0 JOHN T WALLING TREASURER/PRESDIENT/CEO 40.00 X X 614590 0 57326 CATHY BARRETT SECRETARY 1.00 X X 5520 0 0 DAVID BARTON DIRECTOR 1.00 X 4017 0 0 THOMAS MATLOCK DIRECTOR 1.00 X 5420 0 0 STANLEY WAHL SVP/CFO 40.00 X 259903 0 22981 DAVID ESTRIDGE EXECUTIVE VICE PRESIDENT 40.00 X 403884 0 43466 MARJORIE HUGHES SVP/COO 40.00 X 312326 0 24496 JAMES SCOTT REITSMA SVP-MINISTRY DEVELOPMENT 40.00 X 276620 0 24556 DAVID SOUTH SVP-HUMAN RESOURCES 40.00 X 295672 0 24496 JOHN SILVIS VP - INFORMATION SYSTEMS 40.00 X 156994 0 17105 DONNA ESSE VP-ELECTRONIC SERVICES 40.00 X 119398 0 10725 TIM LAWRENCE VP-MINISTRY DEVELOPMENT GR 40.00 X 126600 0 14788 MARTHA ARCHER AVP-RISK MANAGEMENT 40.00 X 117760 0 11709 RONA FORD VP-MDG OPERATIONS 40.00 X 117958 0 11033 2827802 0 262681 11 0 1 0 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 2180477 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 CORE SYSTEM SERVICE 537770 DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 90051 PC BANKING 476637 FINANCIAL SERVICE CENTER COOPERATIVE IN 2855 E GUASTI ROAD SUITE 202 ONTARIO CA 917611249 SHARE BRANCH TRANSACTIONS 171752 SAN DIEGO INSURANCE STAFFING 3717 CAMINO DEL RIO SOUTH STE 100 SAN DIEGO CA 92108 TEMPORARY STAFFING SERVICES 152199 10 INTEREST ON LOANS 522100 21860423 21860423 INTERCHANGE INCOME 522100 2578019 2574387 3632 FEE INCOME 522100 1474759 1347893 126866 PROVISION FOR LOAN LOSS RECOVERY 522100 500000 500000 CUSO INCOME 522100 169180 155935 13245 26582381 599143 599143 69279 37209 32070 32070 32070 18740 0 18740 18740 18740 OTHER MISC INCOME 522100 357092 319113 37979 LOAN SERVICING MARK TO MARKET 522100 57913 57913 415005 27647339 26815664 181722 649953 212510 55500 3477894 2394130 6921637 771171 872889 646117 22114 120000 308201 1352261 3086645 419229 8567 276619 724187 LOAN SERVICING EXPENSES 1364641 SHARE DRAFT EXPENSES 983480 OTHER EXPENSES 244114 24261906 424589 496732 98609160 74900140 317963 254458 496346627 501234460 495960 575997 17695529 9986107 8295073 7709422 6000000 36506575 13220026 15280463 623709398 636958247 7166556 8225104 30777 92841 4305 2997 543958581 552646841 551160219 560967783 X 0 0 0 0 72549179 75990464 72549179 75990464 623709398 636958247 3385433 55852 0 X 0 1 X 1 0 3100 0 3100 3100 1 CALIFORNIA CREDIT UNION LEAGUE PAC PO BOX 54476 ONTARIO CA 917610076 942329967 3100 PART I-A, LINE 1: THE CREDIT UNION MAKES AN ANNUAL CONTRIBUTION TO THE CALIFORNIA CREDIT UNION LEAGUE FEDERAL POLITICAL ACTION COMMITTEE. 0 1 X 1700454 1700454 10083052 5210720 4872332 3700876 3109407 591469 2211147 1665980 545167 7709422 CORP CU CERTIFICATES 24000000 C CREDIT UNION CERTIFICATES 6506575 C BANK CERTIFICATES 5000000 C CAPITAL SHARES 1000000 C 36506575 MEMBER SHARE DEPOSITS 552646841 552646841 PART IV, LINE 2B: THE CREDIT UNION IS A LOAN SERVICER FOR FMAC LOANS. THE CREDIT UNION IS REQUIRED BY FMAC TO COLLECT FUNDS FROM BORROWERS IN ADDITION TO THE REGULAR SCHEDULED PAYMENT TO PAY PREVIOUS AND FUTURE YEAR PROPERTY TAXES. THE IMPOUND ACCOUNT FUNDS COLLECTED FROM THE LOANS ARE POSTED TO A GENERAL LEDGER ACCOUNT AND THE FUNDS SHOW UP AS A LIABILITY ON THE BALANCE SHEET. THE CREDIT UNION PAYS PROPERTY TAXES FROM THESE FUNDS WHEN DUE. 1 BIOLA UNIVERSITY 13800 BIOLA AVE LA MIRADA CA 90639 950549600 501(C)(3) 28704 EDUCATIONAL SUPPORT THROUGH CREDIT CARD PARTNERSHIP PROGRAM INTERNATIONAL MINISTRIES PO BOX 851 VALLEY FORGE PA 19482 135563018 501(C)(3) 22277 MISSIONARY SUPPORT THROUGH CREDIT CARD PARTNERSHIP PROGRAM MISSION AVIATION FELLOWSHIP PO BOX 47 NAMPA ID 83653 951920983 501(C)(3) 62846 MISSIONARY SUPPORT THROUGH CREDIT CARD PARTNERSHIP PROGRAM TRANSFORMATION MINISTRIES 970 S VILLAGE OAKDS DRIVE STE 101 COVINA CA 91724 951691317 501(C)(3) 13333 GENERAL SUPPORT AMERICAN BAPTIST CHURCHES OF THE USA PO BOX 851 VALLEY FORGE PA 19482 135563018 501(C)(3) 5000 GENERAL SUPPORT BIBLE LEAGUE INTERNATIONAL 3801 EAGLE NEST DRIVE CRETE IL 46410 362037761 501(C)(3) 10000 GENERAL SUPPORT 6 SCHOLARSHIPS FOR STUDENTS ATTENDING CHRISTIAN COLLEGES 37 36500 SCHOLARSHIPS FOR STUDENTS ATTENDING SECULAR COLLEGES 19 19000 0 PART I, LINE 2: THE CREDIT UNION INFORMS MEMBERS EACH YEAR OF THE AVAILABILITY OF SCHOLARSHIPS. AS MANY AS 100 APPLICATIONS ARE RECEIVED. A SCHOLARSHIP COMMITTEE REVIEWS, DEBATES, AND RATES THE WORTHINESS OF EACH REQUEST. DEPENDING ON HOW WELL THE CREDIT UNION DID THE PREVIOUS YEAR, SCHOLARSHIPS ARE AWARDED. THE CREDIT UNION DOES NOT MONITOR GRANT FUNDS ONCE THEY ARE DISBURSED. SCHOLARSHIP FUNDS ARE DISTRIBUTED DIRECTLY TO THE RECIPIENTS. SCHOLARSHIP APPLICANTS ARE REQUIRED TO OPEN AN ACCOUNT WITH CCCU AND THE SCHOLARSHIP FUNDS ARE DEPOSITED INTO THEIR ACCOUNT. 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 JOHN T WALLING TREASURER/PRESDIENT/CEO 597244 0 0 0 17346 0 51956 0 5370 0 671916 0 0 0 STANLEY WAHL SVP/CFO 255462 0 0 0 4441 0 22981 0 1216 0 284100 0 0 0 DAVID ESTRIDGE EXECUTIVE VICE PRESIDENT 392671 0 0 0 11213 0 41606 0 1860 0 447350 0 0 0 MARJORIE HUGHES SVP/COO 310004 0 0 0 2322 0 23656 0 6090 0 342072 0 0 0 JAMES SCOTT REITSMA SVP-MINISTRY DEVELOPMENT 273278 0 0 0 3342 0 23656 0 900 0 301176 0 0 0 DAVID SOUTH SVP-HUMAN RESOURCES 293737 0 0 0 1935 0 23656 0 2091 0 321419 0 0 0 JOHN SILVIS VP - INFORMATION SYSTEMS 156707 0 0 0 287 0 13955 0 3978 0 174927 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-MISC. PART I, LINE 4B THE CREDIT UNION HAS A NON-QUALIFIED DEFERRED COMPENSATION PLAN IN PLACE FOR CERTAIN EXECUTIVES AS DESCRIBED IN SECTION 457(F). AMOUNTS ACCRUED UNDER SUCH PLAN ARE PROPERLY REFLECTED IN PART VII, COLUMN F AND IN SCHEDULE J, PART II, COLUMN C. ADDITIONAL TERMS AND CONDITIONS OF SUCH PLAN ARE AVAILABLE TO THE IRS UPON REQUEST. JOHN WALLING, PRESIDENT/CEO, AND DAVID ESTRIDGE, EXECUTIVE VICE PRESIDENT, PARTICIPATED IN A NONQUALIFIED 457(F) PLAN IN 2016. THERE WERE NO DISBURSEMENTS FROM THIS PLAN IN 2016. HALEY HURLOCK GRANDCHILD OF PRESIDENT/CEO JOHN WALLING 1000 SCHOLARSHIP SCHOLARSHIP 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 CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, AND THE VP OF PAYROLL. 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 CONFLICT OF INTEREST 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 COMPLILED RECOMMENDATIONS. FORM 990, PART VI, SECTION C, LINE 19 A QUARTERLY FINANCIAL STATEMENT IS PUBLISHED ON THE CREDIT UNION'S WEBSITE AND PROVIDED IN PRINT IN THE LOBBY OF EACH BRANCH. IT IS ALSO PROVIDED UPON REQUEST IN ANY FORMAT FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). THE GOVERNING DOCUMENTS ARE PUBLIC RECORD AND AVAILABLE FOR REVIEW OF THE MEMBERS. THE CONFLICT OF INTEREST POLICY IS NOT PUBLISHED. 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 CHAIR OF THE BOARD USUALLY VOLUNTEERS AN EXTRA DAY A MONTH.