2017-09-19T13:22:26-05:00 2016-12-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2016-01-01 540662923 DUPONT COMMUNITY CREDIT UNION DUPO 5409463200 PO BOX 1365 WAYNESBORO VA 22980 STEPHEN F ELKINS PRESIDENT & CHIEF EXECUTIVE OFFICER 5409463200 2017-09-07 1 DAVID TRIMNER CPA P00444822 5712279500 67.137.57.251 2017-09-07 14:04:28 ED P 07CFC8338AB533BF649A2BED41BB2CAEB54A9D32 939926C07207B06E5739D7A3CC5DF497BF659E8D 2016 2021-01-29 14:40:06Z STEPHEN F ELKINS PO BOX 1365 WAYNESBORO VA 22980 83155956 0 X WWW.MYDCCU.COM X 1959 VA COMMITTED TO EXCELLENCE THROUGH OUR RELATIONSHIPS WITH OUR MEMBERS, EMPLOYEES & COMMUNITY. 6 6 330 12 384884 84183 0 0 43265676 48321458 3285381 2807350 145351 231957 46696408 51360765 0 0 5459162 5527153 17249386 19927092 0 0 0 17091041 19650426 39799589 45104671 6896819 6256094 1017742165 1089251038 923029325 987606426 94712840 101644612 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 39 0 330 1 1 1 0 0 0 0 0 X 6 6 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 LYNN WAGNER SECRETARY 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 GERALD B HERSHEY PRESIDENT & CHIEF EXECUTIVE OFFICER 40.00 X 396065 0 55017 STEPHEN F ELKINS VICE PRESIDENT, RETAIL & LENDING 40.00 X 215801 0 126614 MIKE TRANUM VICE PRESIDENT, IT 40.00 X 175828 0 66277 PETER SANTANA VICE PRESIDENT, STRATEGIC INITIATIVES 40.00 X 164947 0 59222 BARRY D SMITH VICE PRESIDENT, RETAIL SERVICES 40.00 X 158681 0 41139 JACKIE CASON VICE PRESIDENT, HUMAN RESOURCES 40.00 X 132312 0 26335 STEVE PITTMAN VICE PRESIDENT, FINANCE 40.00 X 130223 0 57270 1373857 0 431874 8 0 1 0 BJW CONSULTING LLC 3012 QUENTON PLACE WAYNESBORO VA 22980 CONSTRUCTION CONSULTING 166895 1 DEPOSITORY CREDIT INTERMEDIATION 522100 34511202 34511202 PROCESSING FEES 522100 11383678 11231221 152457 INSURANCE SALES 524298 1143303 1143303 SECONDARY MARKET INCOME 900099 659505 659505 CARD PROGRAM INCENTIVES 900099 308863 308863 314907 82480 232427 48321458 2585776 2585776 31322487 694278 31113646 681545 208841 12733 221574 221574 SECONDARY MARKET GAIN 900099 136768 136768 LOAN SERVICING INCOME 900099 91594 91594 MERCHANT COMMISSIONS 900099 3536 3536 59 59 231957 51360765 48168472 384884 2807409 5527153 793496 14245675 649799 3233123 1004999 11296 113868 552370 5441675 1060041 886150 137180 1101137 2401330 119859 LOAN SERVICING 2819577 PROVISION FOR LOAN LOSS 2233963 EDUCATION & PROMOTIONAL 2010528 UBIT 6620 754832 45104671 10702778 10960869 43822178 50549551 5904352 6103675 769703989 823720666 7600476 10368751 61312838 14707691 38025043 46605147 100699203 98441301 7774063 7405690 2783117 2770054 30726966 32325334 1017742165 1089251038 9736037 13943767 43690264 33613179 869603024 940049480 923029325 987606426 X 0 0 0 0 94712840 101644612 94712840 101644612 1017742165 1089251038 X 6256094 -828041 1503719 X 0 1 X 1 0 13550693 13550693 32240311 4588950 27651361 345224 1044850 -699626 10340956 6259760 4081196 4835654 2814131 2021523 46605147 MEMBERS' SHARE & SAVINGS ACCOUNTS 940049480 940049480 X 52036443 -828041 1503719 675678 51360765 0 51360765 45104671 0 45104671 0 45104671 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, 2016 AND 2015. THE CREDIT UNION'S 2013 THROUGH 2015 YEARS TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DEFINED BENEFIT PLAN 1,261,345. POST RETIREMENT BENEFITS 242,374. X X X X 0 1 0 GERALD B HERSHEY PRESIDENT & CHIEF EXECUTIVE OFFICER 396065 0 0 0 0 0 39636 0 15381 0 451082 0 0 0 STEPHEN F ELKINS VICE PRESIDENT, RETAIL & LENDING 215801 0 0 0 0 0 113033 0 13581 0 342415 0 0 0 MIKE TRANUM VICE PRESIDENT, IT 175828 0 0 0 0 0 54496 0 11781 0 242105 0 0 0 PETER SANTANA VICE PRESIDENT, STRATEGIC INITIATIVE 164947 0 0 0 0 0 47441 0 11781 0 224169 0 0 0 BARRY D SMITH VICE PRESIDENT, RETAIL SERVICES 158681 0 0 0 0 0 32122 0 9017 0 199820 0 0 0 JACKIE CASON VICE PRESIDENT, HUMAN RESOURCES 132312 0 0 0 0 0 14554 0 11781 0 158647 0 0 0 STEVE PITTMAN VICE PRESIDENT, FINANCE 130223 0 0 0 0 0 45489 0 11781 0 187493 0 0 0 PART I, LINE 4B 457F CONTRIBUTIONS WERE MADE FOR THE FOLLOWING INDIVIDUALS: STEVE ELKINS - $89,295.00 KIM DEAN - $40,651.00 BARRY SMITH - $14,667.00 STEVE PITTMAN - $ $31,216.00 PETER SANTANA - $29,297.00 ANGIE BANDY - $27,866 MIKE TRANUM - $35,156.00 GERALD B HERSHEY CHIEF EXECUTIVE OFFICER SPLIT DOLLAR LIFE INSURANCE X 6216401 6103675 0 0 0 6103675 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 1,261,345. CHANGE IN POST-RETIREMENT BENEFITS 242,374.