2016-08-15T10:16:35-05:00 2015-12-31 841474365 Holben Hay Lake Balzer CPAs LLC 1777 S Harrison Street 1000 Denver CO 80210 990 2015-01-01 840512667 Credit Unions Chartered in the State of CO 240 Community Choice Credit Union CRED 3032878025 6921 East 72nd Avenue Commerce City CO 80022 Rainy Thoen CEO 3032878025 2016-08-03 1 Sheila M Balzer P00967957 3037592727 2015 2016-12-15 16:53:06Z Rainy Thoen 6921 East 72nd Avenue Commerce City CO 80022 2629850 0 X www.yourbetterbankingchoice.com X 1952 CO To promote thrift and provide lower cost credit to the members of the credit union. To promote thrift among members by affording them the opportunity to accumulate payments on shares and to make loans from these shares to its members. 7 7 20 12 11519 -3650 0 0 1942418 2365058 216100 253273 19084 11519 2177602 2629850 0 0 0 0 873339 1266029 0 0 0 855501 1467786 1728840 2733815 448762 -103965 56130944 56208111 47929727 48110859 8201217 8097252 To promote thrift and provide lower cost credit to the members of the credit union. To promote thrift among members by affording them the opportunity to accumulate payments on shares and make loans from these shares to its members. 0 0 Provide a wide variety of financial products and services to members of the credit union. Over 6,500 members served. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 910 0 1 20 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 0 0 X CATHY HEBERT 3032878025 6921 East 72nd Avenue Commerce City CO 80022 Debra Larsen Chairperson 1.00 X 0 0 0 Jerry Smittkamp Vice-Chairperson 1.00 X 0 0 0 Barbara Peters Secretary 1.00 X 0 0 0 Karl White Treasurer 1.00 X 0 0 0 Charles Baker Director 1.00 X 0 0 0 Jack Hagaman Director 1.00 X 0 0 0 Joe Holeman Director 1.00 X 0 0 0 Rainy Thoen CEO 55.00 X 187509 0 10377 Cathy Hebert CFO 50.00 X 95552 0 5398 Kelli Ginter COO 50.00 X 88953 0 5070 372014 0 20845 1 0 1 0 CU PRODIGY 209 E GORDON AVE LAYTON UT 84041 COMPUTER PROCESSING 154635 1 Interest on Loan to Me 522100 1552412 1552412 Other Income 522100 426830 426830 Fees and Other Charges 522100 385816 385816 2365058 253113 253113 160 0 160 160 160 Non-member ATM Fees 522100 11519 11519 11519 2629850 2365218 11519 253113 372014 615230 42157 166666 69962 27119 17588 24188 20695 612403 142188 80558 66418 112676 21617 Interest/Dividends Paid 150534 Miscellaneous Expense 96303 Loan Servicing 63963 Provision for Loan Loss 21609 9927 2733815 598569 849874 6909801 6205044 296824 61187 22129353 26882691 22269 140160 2114786 986760 1640837 1128026 22354351 19476826 2178940 1464303 56130944 56208111 614150 666753 47315577 47444106 47929727 48110859 X 0 0 1351917 1351917 6849300 6745335 8201217 8097252 56130944 56208111 -103965 0 X 0 0 0 97599 97599 1690077 759940 930137 327110 226820 100290 1128026 Certificates of Deposit 15259000 C Certificates of Deposit at Credit Unions 3675535 C Membership Capital at Corporate Credit Unions 143888 C Paid-in Capital at Corporate Credit Unions-Perpetual 229940 C Investment in CUSOs 168463 C 19476826 Members' Share and Deposit Accounts 47444106 47444106 X 0 1 0 Rainy Thoen CEO 115779 0 62824 0 8906 0 9376 0 1001 0 197886 0 0 0 Part I, Line 4b Rainy Thoen, CEO, is a participant in a 457(b) nonqualified deferred compensation retirement plan. The plan will pay out in full at age 55. Rainy Thoen(Accrued Benefit of $63,892 as of 12/31/15) Form 990, Part VI, Section A, line 4 The Credit Union amended it By-laws during 2015 to decrease the number of voting Board of Directors positions from eight to seven members. Form 990, Part VI, Section A, line 6 Community Choice Credit Union (the Credit Union) is a member-owned financial cooperative operated for the benefit of its members. The membership consists of those employed by a member of the Commerce City Business and Professional Association. Physicians, nurses, medical staff, technicians, employees, volunteers and other persons that work at or are employed by any hospital or hospital owned medical center or clinic, medical plaza, rehabilitation center or clinic, psychiatric center, or hospice center, located in the counties of Adams, Arapahoe, Boulder, Denver, Douglas, and Jefferson, in the state of Colorado are eligible for membership. Employees of firms that maintain an office at the Anthem Building located at 700 Broadway in Denver. Immediate family members of existing Community Choice Credit Union members are eligible for membership. This will include family members related by blood, marriage, adoption, or two or more persons living in the same residence who maintain a single economy union. Anyone employed by one of our Select Employee Groups. Anyone who lives, works, or worships in Montbello & Commerce City is eligible for membership. Form 990, Part VI, Section A, line 7a The members of the credit union annually elect the Board of Directors to serve for multiple-year terms by mailing in ballots or voting at an annual meeting. Form 990, Part VI, Section A, line 7b Various decisions made by the Board of Directors for a credit union are subject to approval by the members of the credit union as set forth in NCUA rules and regulations and applicable state regulations. Form 990, Part VI, Section B, line 11 The completed Form 990 is reviewed by the Chief Financial Officer prior to filing. The Chief Financial Officer is authorized to sign and file the return. The Board of Directors does not review. Form 990, Part VI, Section B, line 12c The security matrix on the data processing system prohibits employees and officials from initiating transactions on all accounts listed on their conflict of interest disclosure statement, which is updated annually. A written acknowledgment is filled out each year by the officers, directors, and employees which could give rise to potential conflicts within the organization. Any potential issues are discussed with the key officers and those charged with governance for resolution. Form 990, Part VI, Section B, line 15a The process for determining compensation of the CEO is completed annually and includes a comparison of compensation for similarly qualified persons in comparable positions. Review and approval by the Board of Directors and is documented in the Board Minutes. Form 990, Part VI, Section C, line 19 The organization's governing documents and conflict of interest policy are are available for review upon request at the credit union. Monthly financial statements are available and on display at the credit union. Quarterly financial data is accessible to the public at www.ncua.gov.