2018-11-15T15:32:32-06:00 2017-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2017-01-01 951981100 CHRISTIAN COMMUNITY CREDIT UNION CHRI 8003472228 255 N LONE HILL AVENUE SAN DIMAS CA 91773 STANLEY WAHL SVP/CFO 8003472228 2018-11-15 1 GERALD B KISSELL P00092658 6123324300 108.171.131.187 2018-11-15 14:10:16 CS P 1BA616B2407D6986412C1913A36997CFB080A804 C0F43978DBA0C0105C9EC865D2B1B55C6AA9D490 2017 2019-02-21 02:37:17Z STANLEY WAHL 255 N LONE HILL AVENUE SAN DIMAS CA 91773 29411617 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. 5 4 151 9 275755 -309552 0 0 26595711 27815707 617883 1195040 433745 400870 27647339 29411617 268010 324669 3477894 3083008 11605944 11761247 0 0 0 8910058 9423850 24261906 24592774 3385433 4818843 636958247 653582694 560967783 572773387 75990464 80809307 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 12/31/17 OUR MEMBERS HAD $556,918,793, ON DEPOSIT IN INSURED ACCOUNTS IN THE CREDIT UNION. THE CREDIT UNION HAS 75,857,114, IN SAVINGS ACCOUNTS, $144,159,400, IN CHECKING ACCOUNTS, $146,936,734, IN MONEY MARKET, AND $160,524,047, CERTIFICATES OF DEPOSIT. THE AVERAGE RATE OF RETURN ON THESE ACCOUNTS AT YEAR END WAS .51%. IRA CERTIFICATE ACCOUNTS EARNED 1.52. NON-IRA CERTIFICATES EARNED 1.17% AT YEAR END. THE CREDIT UNION BEGAN THE YEAR WITH 29,893 MEMBERS AND ENDED THE YEAR WITH 30,831 FOR A INCREASE OF 938 NEW MEMBERS OR 3.1%. THE CREDIT UNION HAS 1,849 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 $206,614,693IN RETAIL FIRST TRUST DEED LOANS AS OF 12/31/17. THEY REPRESENT 51% OF OUR LOAN PORTFOLIO AND 39.87% OF OUR TOTAL ASSETS. THE AVERAGE RATE ON THESE LOANS WAS 3.63%. THE PORTFOLIO INCREASED $27,568,086 OR 11.52% DURING 2017. THE DELINQUENCY RATIO FOR THE PORTFOLIO AT YEAR END WAS .10%. 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 $271,509,928 IN OUTSTANDING FIRST TRUST DEED LOANS TO CHURCHES AND MINISTRIES AS OF 12/31/17. THEY REPRESENT 51% OF OUR LOAN PORTFOLIO AND 41% OF OUR TOTAL ASSETS. THE AVERAGE RATE ON THESE LOANS WAS 4.65%. THE PORTFOLIO DECREASED $9,624,540 DURING 2017 OR 3.42%. THE DELINQUENT LOAN RATIO FOR THE PORTFOLIO AT YEAR END WAS .88%.CREDIT UNION CONSUMER LENDING: THE CREDIT UNION HAS $16,814,23 IN CAR LOANS, $25,722,893 IN CREDIT CARD ACCOUNTS AND $3,339,793 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 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 151 1 1 1 0 0 0 0 0 X 5 4 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 4921 0 0 MICHAEL PATE VICE CHAIR 1.00 X X 4817 0 0 JOHN T WAILING TREASURER/PRESIDENT/CEO 40.00 X X 612356 0 36769 CATHY BARRETT SECRETARY 1.00 X X 4650 0 0 DAVID BARTON DIRECTOR 1.00 X 4543 0 0 THOMAS MATLOCK DIRECTOR 1.00 X 600 0 0 DALE TORRY DIRECTOR 1.00 X 4932 0 0 STANLEY WAHL SVP/CFO 40.00 X 472466 0 33 DAVID ESTRIDGE EXECUTIVE VICE PRESIDENT 40.00 X 683929 0 7568 MARJORIE HUGHES SVP/COO 40.00 X 509358 0 6397 JAMES SCOTT REITSMA SVP-MINISTRY DEVELOPMENT 40.00 X 388184 0 21088 DAVID SOUTH SVP-HUMAN RESOURCES 40.00 X 427196 0 7019 JOHN SILVIS VP - INFORMATION SYSTEMS 40.00 X 162531 0 20990 DONNA ESSE VP-ELECTRONIC SERVICES 40.00 X 127082 0 6201 TIM LAWRENCE VP-MINISTRY DEVELOPMENT GR 40.00 X 124477 0 24980 REBECCA HINAJOSA AVP-RISK MANAGEMENT 40.00 X 119409 0 22380 RONA FORD VP-MDG OPERATIONS 40.00 X 127347 0 6936 3778798 0 160361 15 0 1 0 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 2347226 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 CORE SYSTEM SERVICE 543186 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 900740641 PC BANKING 410813 FINANCIAL SERVICE CENTER COOPERATIVE IN 2855 E GUASTI ROAD SUITE 202 ONTARIO CA 917611249 SHARE BRANCH TRANSACTIONS 230674 CU COOPERATIVE SYSTEMS INC 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 ATM & VISA CHECK CARD 130260 9 INTEREST ON LOANS 522100 22410116 22410116 INTERCHANGE INCOME 522100 2645097 2643585 1512 FEE INCOME 522100 1790625 1651675 138950 PROVISION FOR LOAN LOSS RECOVERY 522100 500000 500000 CUSO/WEALTH SOLUTIONS INCOME 522100 469869 340422 129447 27815707 1036577 1036577 35264 0 35264 35264 35264 158463 0 158463 158463 158463 MISC. INCOME 522100 296673 290827 5846 LOAN SERVICING MARK TO MARKET 522100 68933 68933 365606 29411617 27905558 275755 1230304 255169 69500 3083008 3215075 6215657 908344 749159 673012 61682 31266 120000 784174 1218310 1400814 1239830 795068 395020 56749 1521 678029 189945 LOAN EXPENSE 1325461 SHARE DRAFT EXPENSE 919101 DUES 86590 120290 24592774 496732 453754 74900140 62332117 254458 257324 501234460 528514251 575997 413664 17873006 10582587 7709422 7290419 36506575 39751573 15280463 14569592 636958247 653582694 8225104 15813746 92841 38584 2997 2264 552646841 556918793 560967783 572773387 X 0 0 0 0 75990464 80809307 75990464 80809307 636958247 653582694 4818843 0 X 0 1 X 1 0 3140 3140 3140 1 CALIFORNIA CREDIT UNION LEAGUE PO BOX 51476 ONTARIO CA 91761 942329967 3140 5013 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 1 X 1700454 1700454 10083052 5553284 4529768 3763845 3222139 541706 2325655 1807164 518491 7290419 CORP CU CERTIFICATES 27000000 C CREDIT UNION CERTIFICATES 6751573 C BANK CERTIFICATES 5000000 C CAPITAL SHARES 1000000 C 39751573 MEMBER SHARE DEPOSITS 556918793 556918793 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 THE TAXES FROM THESE FUNDS WHEN DUE. 0 INTERNATIONAL MINISTRIES PO BOX 851 VALLEY FORGE PA 19482 135563392 501(C)(3) 30648 PROGRAM SUPPORT MISSION AVIATION FELLOWSHIP 970 S VILAGE OAKDS DRIVE STE 101 COVINA CA 91724 951920983 501(C)(3) 94410 PROGRAM SUPPORT BIOLA UNIVERSITY 13800 BIOLA AVE LA MIRADA CA 90639 950549600 501(C)(3) 11037 PROGRAM SUPPORT TRANSFORMATION MINISTRIES 970 S VILAGE OAKS DRIVE STE 101 COVINA CA 91724 951691317 501(C)(3) 13333 PROGRAM SUPPORT INTERNATIONAL MINISTRIES - AMERICAN BAPTIST FOREIGN MISSION SOCIETY 1003 W 9TH AVE STE A KING OF PRUSSIA PA 19406 135563392 501(C)(3) 10000 PROGRAM SUPPORT NORTHERN BAPTIST THEOLOGICAL SEMINARY 600 E BUTTERFIELD ROAD LOMBARD IL 60148 362169160 501(C)(3) 10000 PROGRAM SUPPORT SAMARITAN MINISTRIES PO BOX 3618 PEORIA IL 61612 371295601 501(C)(3) 38300 SPECIAL CAMPAIGN 6 SCHOLARSHIP FOR STUDENTS ATTENDING CHRISTIAN COLLEGES 45 44500 SCHOLARSHIP FOR STUDENTS ATTENDING SECULAR COLLEGES 25 25000 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. SCHOLARSHIPS ARE DISTRIBUTED 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. RENEWABLE SCHOLARSHIPS ARE AWARDED TO COLLEGE STUDENTS IN THE AMOUNT OF $1,000 PER SCHOOL YEAR. A SCHOLARSHIP COMMITTEE REVIEWS, DEBATES, AND RATES THE WORTHINESS OF EACH APPLICATION, AND SELECTS THE SCHOLARSHIP RECIPIENTS BASED ON THEIR QUALIFICATIONS. X X X 1 1 X X X X 0 1 0 JOHN T WAILING TREASURER/PRESIDENT/CEO 584250 0 11660 0 16446 0 0 0 45679 0 658035 0 0 0 STANLEY WAHL SVP/CFO 292124 0 4991 0 175351 0 0 0 1888 0 474354 0 0 0 DAVID ESTRIDGE EXECUTIVE VICE PRESIDENT 396535 0 7467 0 279927 0 0 0 11736 0 695665 0 144565 0 MARJORIE HUGHES SVP/COO 294923 0 5767 0 208668 0 0 0 7069 0 516427 0 0 0 JAMES SCOTT REITSMA SVP-MINISTRY DEVELOPMENT 245358 0 4811 0 138015 0 0 0 21711 0 409895 0 0 0 DAVID SOUTH SVP-HUMAN RESOURCES 222998 0 0 0 204198 0 0 0 8839 0 436035 0 0 0 JOHN SILVIS VP - INFORMATION SYSTEMS 159230 0 3001 0 300 0 0 0 22224 0 184755 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 FOLLOWING INDIVIDUALS PARTICAPTED AND RECEIVED A DISTRIBUTION FROM A 457(F) NON-QUALIFIED RETIREMENT PLAN IN 2017: DAVID ESTRIDGE - $269,593 MARJORIE HUGHES - $204,034 JAMES SCOTT REITSMA - $134,594 DAVID SOUTH - $202,196 STANLEY WAHL - $168,493 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 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 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 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 CHAIRMAN OF THE BOARD USUALLY VOLUNTEERS AN EXTRA DAY A MONTH. THEY ARE UNPAID.