2016-11-03T08:52:16-05:00 2015-12-31 410746749 CLIFTONLARSONALLEN LLP 4250 N FAIRFAX DRIVE SUITE 1020 ARLINGTON VA 22203 990 2015-01-01 540662923 DUPONT COMMUNITY CREDIT UNION DUPO 5409463200 PO BOX 1365 WAYNESBORO VA 22980 GERALD B HERSHEY PRESIDENT & CEO 5409463200 2016-10-18 1 DAVID TRIMNER P00444822 5712279500 2015 2017-02-10 21:41:12Z GERALD B HERSHEY PO BOX 1365 WAYNESBORO VA 22980 125610005 0 X WWW.MYDCCU.COM X 1959 VA TO BE THE PREMIER PROVIDER OF FINANCIAL SERVICES, WE ARE COMMITTED TO EXCELLENCE THROUGH OUR RELATIONSHIPS WITH OUR MEMBERS, EMPLOYEES, AND COMMUNITY. 6 6 312 13 301813 38393 0 0 39582021 43265676 3609333 3285381 -6391 145351 43184963 46696408 0 0 5603591 5459162 15572768 17249386 0 0 0 15484968 17091041 36661327 39799589 6523636 6896819 948735398 1017742165 861476324 923029325 87259074 94712840 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 25 0 1 312 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 LYNN WAGNER SECRETARY 1.00 X 0 0 0 LESLIE RAMSEY TREASURER 1.00 X 0 0 0 Q MAURICE MO GRESHAM VICE CHAIRMAN 1.00 X 0 0 0 TIMOTHY SIMMONS DIRECTOR 1.00 X 0 0 0 MARGARET HERSH DIRECTOR (FORMER) 1.00 X 0 0 0 DANIEL BOWMAN DIRECTOR 1.00 X 0 0 0 GERALD B HERSHEY PRESIDENT AND CEO 40.00 X 341134 0 50622 STEPHEN F ELKINS VP RETAIL & LENDING 40.00 X 165114 0 112067 KIMBERLY L DEAN VP STRATEGIC INITIATIVES (FORMER) 40.00 X 138000 0 34062 BARRY D SMITH VP RETAIL SERVICES 40.00 X 121663 0 50580 STEVE PITTMAN VP FINANCE 40.00 X 114174 0 52525 PETER SANTANA VP STRATEGIC INITIATIVES 40.00 X 123502 0 51742 MIKE TRANUM VP IT 40.00 X 132429 0 58009 1136016 0 409607 11 0 1 0 0 DEPOSITORY CREDIT INTERMEDIATION 522100 30750061 30750061 PROCESSING FEES 522100 10264483 10133183 131300 CARD PROGRAM INCENTIVES 900099 925000 925000 INSURANCE SALES 524298 630387 630387 SECONDARY MARKET INCOME 900099 442984 442984 252761 82248 170513 43265676 3095709 3095709 78317387 785882 78050435 863162 266952 -77280 189672 189672 OTHER INCOME 900099 145351 145351 145351 46696408 43109214 301813 3285381 5459162 1808011 11053466 788257 2754016 845636 4375 116579 815885 5427443 511004 105134 1288004 2155503 LOAN SERVICING 2278333 PROVISION FOR LOAN LOSS 1655521 EDUCATION & PROMOTIONAL 1649433 JANITORIAL EXPENSE 169275 914552 39799589 8484058 10702778 30974493 43822178 5990492 5904352 697972887 769703989 50969139 12944096 31517976 38025043 130955216 100699203 7951052 7774063 2822203 2783117 32067021 38327442 948735398 1017742165 13058287 9736037 46175779 43690264 802242258 869603024 861476324 923029325 X 0 0 0 0 87259074 94712840 87259074 94712840 948735398 1017742165 X 6896819 612180 -55233 X 0 1 X 1 0 12147685 12147685 23042632 3904612 19138020 1407102 928553 478549 9741408 5794971 3946437 4630312 2315960 2314352 38025043 MEMBERS' SHARE & SAVINGS ACCOUNTS 869603024 869603024 X 47253355 612180 -55233 556947 46696408 0 46696408 39799589 0 39799589 0 39799589 PART X, LINE 2: THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2015 AND 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: DEFINED BENEFIT PLAN 140,051. POST RETIREMENT BENEFITS -387,904. EQUITY ACQUIRED IN MERGER 192,620. X X X X 0 1 0 GERALD B HERSHEY PRESIDENT AND CEO 341134 0 0 0 0 0 35241 0 15381 0 391756 0 0 0 STEPHEN F ELKINS VP RETAIL & LENDING 165114 0 0 0 0 0 99061 0 13006 0 277181 0 0 0 KIMBERLY L DEAN VP STRATEGIC INITIATIVES (FORMER) 138000 0 0 0 0 0 30180 0 3882 0 172062 0 0 0 BARRY D SMITH VP RETAIL SERVICES 121663 0 0 0 0 0 41563 0 9017 0 172243 0 0 0 STEVE PITTMAN VP FINANCE 114174 0 0 0 0 0 40744 0 11781 0 166699 0 0 0 PETER SANTANA VP STRATEGIC INITIATIVES 123502 0 0 0 0 0 39961 0 11781 0 175244 0 0 0 MIKE TRANUM VP IT 132429 0 0 0 0 0 46228 0 11781 0 190438 0 0 0 PART I, LINE 4B 457F CONTRIBUTIONS WERE MADE FOR THE FOLLOWING INDIVIDUALS: STEVE ELKINS - $81,006.00 KIM DEAN - $15,000.00 BARRY SMITH - $28,259.00 STEVE PITTMAN - $ $28,259.00 PETER SANTANA - $26,456.00 MIKE TRANUM - $31,747.00 GERALD HERSHEY CEO SPLIT DOLLAR LIFE INSURANCE X 6216401 5904352 0 0 0 5904352 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 11 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 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 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 140,051. CHANGE IN POST-RETIREMENT BENEFITS -387,904. EQUITY ACQUIRED IN MERGER 192,620.