2018-10-31T16:23:37-05:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2017-01-01 540662923 DUPONT COMMUNITY CREDIT UNION DUPO 5409463200 PO BOX 1365 WAYNESBORO VA 22980 STEPHEN F ELKINS PRESIDENT & CHIEF EXECUTIVE OFFICER 5409463200 2018-10-30 1 IVY BECKHAM P01316131 5712279500 67.137.57.251 2018-10-30 01:36:34 ED P 3F26782FE4A8D097B8E6D44DA42E2066FBD559CC 117C9FDD72C608EEAC637569487DFDD6D3A36660 2017 2019-02-21 02:37:17Z STEPHEN F ELKINS PO BOX 1365 WAYNESBORO VA 22980 71637399 0 X WWW.MYDCCU.COM X 1959 VA COMMITTED TO EXCELLENCE THROUGH OUR RELATIONSHIPS WITH OUR MEMBERS, EMPLOYEES & COMMUNITY. 7 7 364 15 422526 127534 0 0 48321458 54923076 2807350 3388106 231957 208573 51360765 58519755 0 0 5527153 5470017 19927092 21288962 0 0 0 19650426 25360187 45104671 52119166 6256094 6400589 1089251038 1137375645 987606426 1029061151 101644612 108314494 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 49 0 364 1 1 1 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 EVERETT J CAMPBELL JR CHAIRMAN 1.00 X 0 0 0 Q MAURICE MO GRESHAM VICE CHAIRMAN 1.00 X 0 0 0 DR DREW ELLEN GOGIAN SECRETARY 1.00 X 0 0 0 LYNN WAGNER SECRETARY (UNTIL 03/28/2017) 1.00 X 0 0 0 LESLIE RAMSEY TREASURER 1.00 X 0 0 0 TIMOTHY 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 GERALD B HERSHEY PRESIDENT & CEO (UNTIL 03/31/17) 40.00 X 111572 0 17356 STEPHEN F ELKINS PRESIDENT & CHIEF EXECUTIVE OFFICER 40.00 X 289760 0 150428 PETER SANTANA VICE PRESIDENT, STRATEGIC INITIATIVES 40.00 X 188237 0 70117 MIKE TRANUM VICE PRESIDENT, IT 40.00 X 179833 0 76278 BARRY D SMITH VICE PRESIDENT, RETAIL SERVICES 40.00 X 178330 0 65083 JACKIE CASON VICE PRESIDENT, HUMANCE RESOURCES 40.00 X 137247 0 72482 STEVE PITTMAN VICE PRESIDENT, FINANCE 40.00 X 133045 0 65923 ANGIE BANDY VICE PRESIDENT, ACCOUNTING & ADMIN. 40.00 X 134623 0 50170 1352647 0 567837 8 0 1 0 0 DEPOSITORY CREDIT INTERMEDIATION 522100 38693605 38693605 PROCESSING FEES 522100 12988478 12827596 160882 INSURANCE SALES 524298 1470258 1470258 CARD PROGRAM INCENTIVES 900099 729670 729670 SECONDARY MARKET INCOME 900099 697871 697871 343194 81550 261644 54923076 3437254 3437254 6900 0 6900 6900 6900 13068496 13117644 -49148 -49148 -49148 LOAN SERVICING INCOME 900099 142293 142293 SECONDARY MARKET GAIN 900099 53671 53671 MERCHANT COMMISSIONS 900099 3425 3425 2284 2284 201673 58519755 54699939 422526 3397290 5470017 827470 14784901 489066 4127214 1060311 25218 189686 604652 6089277 1150495 1111197 124808 925059 2725053 127783 PROVISION FOR LOAN LOSS 6420479 LOAN SERVICING 3326195 EDUCATION & PROMOTIONAL 1806119 UBIT 47612 686554 52119166 10960869 9565962 50549551 52960308 6103675 6115585 823720666 877333473 10368751 10374009 67635280 16860080 46605147 50775200 98441301 87488757 7405690 7309630 2770054 2334581 32325334 33118140 1089251038 1137375645 13943767 15856014 33613179 27797593 940049480 985407544 987606426 1029061151 X 0 0 0 0 101644612 108314494 101644612 108314494 1089251038 1137375645 X 6400589 132824 136469 X 0 1 X 1 0 14375054 14375054 35129287 5500831 29628456 2256723 1147059 1109664 11061696 7121664 3940032 4812520 3090526 1721994 50775200 MEMBERS' SHARE & SAVINGS ACCOUNTS 985407544 985407544 X 58672794 132824 20215 153039 58519755 0 58519755 52002912 0 52002912 116254 116254 52119166 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, 2017 AND 2016. THE CREDIT UNION'S 2014 THROUGH 2016 YEARS TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DEFINED BENEFIT PLAN 522,290. POST RETIREMENT BENEFITS -385,821. LOSS ON SALE OF FIXED ASSETS -17,037. LOSS ON SALE OF FORECLOSED ASSETS -99,217. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSETS 17,037. LOSS ON SALE OF FORECLOSED ASSETS 99,217. X X X X 0 1 0 STEPHEN F ELKINS PRESIDENT & CHIEF EXECUTIVE OFFICER 289760 0 0 0 0 0 130094 0 20334 0 440188 0 0 0 PETER SANTANA VICE PRESIDENT, STRATEGIC INITIATIVE 188237 0 0 0 0 0 53383 0 16734 0 258354 0 0 0 MIKE TRANUM VICE PRESIDENT, IT 179833 0 0 0 0 0 59544 0 16734 0 256111 0 0 0 BARRY D SMITH VICE PRESIDENT, RETAIL SERVICES 178330 0 0 0 0 0 54170 0 10913 0 243413 0 0 0 JACKIE CASON VICE PRESIDENT, HUMANCE RESOURCES 137247 0 0 0 0 0 55748 0 16734 0 209729 0 0 0 STEVE PITTMAN VICE PRESIDENT, FINANCE 133045 0 0 0 0 0 49189 0 16734 0 198968 0 0 0 ANGIE BANDY VICE PRESIDENT, ACCOUNTING & ADMIN. 134623 0 0 0 0 0 38686 0 11484 0 184793 0 0 0 PART I, LINE 4B 457F CONTRIBUTIONS WERE MADE FOR THE FOLLOWING INDIVIDUALS: STEPHEN F. ELKINS - $98,220.00 BARRY D. SMITH - $34,554.00 STEVE PITTMAN - $ $34,554.00 JACKIE CASON - $40,651.00 PETER SANTANA - $32,677.00 ANGIE BANDY - $23,877.00 MIKE TRANUM - $39,213.00 GERALD B HERSHEY PRESIDENT & CEO (UNTIL 03/31/17) SPLIT DOLLAR LIFE INSURANCE X 6216401 6115585 0 0 0 6115585 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 76,129 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 CEO AND SVP OF FINANCE AND RETAIL PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C DUPONT COMMUNITY CREDIT UNION (DCCU) HAS A CONFLICTS 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 CONSULANT AND BY COMPEASE, WHICH USES MARKET DATA AND JOB DESCRIPTIONS. THE PROCESS OCCUR ANNUALLY AS PART OF BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE POSTED AT BRANCH OFFICE LOCATIONS. FORM 990, PART XI, LINE 9: CHANGE IN DEFINED BENEFIT PENSION 522,290. CHANGE IN POST-RETIREMENT BENEFITS -385,821.