2025-11-13T10:41:07-06:00 2024-12-31 540504608 BROWN EDWARDS & COMPANY LLP 3906 ELECTRIC ROAD ROANOKE VA 24018 990 2024-01-01 540662923 DUPONT COMMUNITY CREDIT UNION DUPO 5409463200 PO BOX 1365 WAYNESBORO VA 22980 STEPHEN F ELKINS PRESIDENT AND CEO 5409463200 2025-11-12 1 1 EVAN ROSS P01786214 5403450936 2025-11-12 2024 2025-03-06 01:10:19Z STEPHEN F ELKINS PO BOX 1365 WAYNESBORO VA 22980 208554414 0 X WWW.MYDCCU.COM X 1959 VA COMMITTED TO EXCELLENCE THROUGH OUR RELATIONSHIPS WITH OUR MEMBERS, EMPLOYEES AND COMMUNITY. 7 7 451 16 881236 302997 0 0 81033109 88462277 14181004 9265253 733558 486139 95947671 98213669 0 0 21736374 30270580 29742524 32467754 0 0 0 26179421 26620006 77658319 89358340 18289352 8855329 1790174769 1862408749 1653687488 1701882248 136487281 160526501 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 1 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 26884 0 1 451 1 1 1 0 0 0 0 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 STEVE PITTMAN 5409463200 PO BOX 1365 WAYNESBORO VA 22980 ANGIE M SIMONETTI CHAIR 1.00 X X 0 0 0 MICHAEL P BLINN VICE CHAIR 1.00 X X 0 0 0 JANET P MANGUN SECRETARY 1.00 X X 0 0 0 CHRISTOPHER D TERRY TREASURER 1.00 X X 0 0 0 DREW ELLEN GOGIAN DIRECTOR 1.00 X 0 0 0 MARVIN G COPELAND JR DIRECTOR 1.00 X 0 0 0 DAVID A KIRBY DIRECTOR 1.00 X 0 0 0 STEVE ELKINS PRESIDENT/CEO, OFFICER 40.00 X 653021 0 35062 STEVE PITTMAN CHIEF FINANCIAL OFFICER/KEY 40.00 X 298740 0 78872 BARRY SMITH CHIEF OPERATING OFFICER/KEY 40.00 X 405868 0 93155 MIKE TRANUM CHIEF INFORMATION/KEY 40.00 X 318843 0 86487 MICHAEL MCALLISTER CHIEF LENDING OFFICER 40.00 X 245033 0 66259 JACKIE CASON CHIEF HUMAN RESOURCE OFFICER 40.00 X 312396 0 71328 JACOB LAREW CHIEF RETAIL OFFICER 40.00 X 237339 0 74190 TINA COFFEY MORTGAGE ADVISOR 40.00 X 145757 0 21323 MARGARET HERSH TREASURY MANAGEMENT VP 40.00 X 130016 0 28522 CYNTHIA NUCKOLES INFORMATION TECHNOLOGY VP 40.00 X 160033 0 22211 JOSHUA TROMBLEY INFORMATION SECURITY AVP 40.00 X 143373 0 12272 BRANDON MURRAY SOFTWARE DEVELOPMENT VP 40.00 X 143187 0 28809 3193606 0 618490 12 0 1 0 LUMIN DIGITAL 3001 BISHOP DR SUITE 110 SAN RAMON CA 94583 ONLINE BANKING SUPPORT AND SERVICES 1396491 TTEC DIGITAL LLC PO BOX 856660 MINNEAPOLIS MN 554856660 PURECLOUD SUPPORT AND USAGE 229285 SYCOM TECHNOLOGIES PO BOX 790379 ST LOUIS MO 631790379 MICROSOFT 365 SUPPORT 167761 MORTGAGE CADENCE LLC 500 W MADISON ST CHICAGO IL 606612592 MORTGAGE LENDING LICENSES & SUPPORT 157465 CAMPBELL PRINT CENTER 4564 S VALLEY PIKE HARRISONBURG VA 22801 MARKETING PRINT SERVICES 104627 5 DEPOSITORY CREDIT INTERMEDIATION 522100 67695625 67695625 PROCESSING FEES 522100 18248316 18077682 170634 CARD PROGRAM INCENTIVES 900099 841350 841350 INSURANCE SALES 524298 824077 824077 NON-MEMBER MISC INVESTMENT SERVIC 900099 710602 710602 142307 142307 88462277 18484996 18484996 7926 0 7926 7926 7926 101052988 68014 110300111 40634 -9247123 27380 -9219743 -9219743 LOAN SERVICING INCOME 900099 434505 434505 SECONDARY MARKET GAIN 900099 36829 36829 ALL OTHER REVENUE 900099 6879 6879 478213 98213669 88060301 881236 9272132 30270580 25215272 357072 5309519 1585891 31990 250554 623905 1078782 8541694 2106270 1505109 61801 207073 4392872 210996 UBTI 69196 DEBIT CARD EXPENSE 3093937 PROVISION FOR LOAN LOSS 2603814 CREDIT CARD EXPENSE 1515517 326496 89358340 12056578 16301996 63489680 116680272 2376219 1676022 28051395 28659751 1143336584 1140330775 3029329 3043565 91547155 36455795 55428366 55091360 397746104 389852879 2631000 2487900 1614771 1633016 2329858 1963225 78084885 104687988 1790174769 1862408749 24748763 21336953 7640000 4940000 1621298725 1675605295 1653687488 1701882248 X 0 0 0 0 136487281 160526501 136487281 160526501 1790174769 1862408749 X 8855329 11269642 3914249 X X 0 1 X 1 0 12929388 12929388 44142780 14073124 30069656 1091873 204948 886925 25582859 19617155 5965704 7800255 2560568 5239687 55091360 MISC RECEIVABLES 28251 ACCRUED INCOME 5483667 CLEARING ACCOUNTS 32454849 BENEFIT PLANS 66387972 ROU ASSETS 321641 OTHER ASSETS 11608 104687988 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1672245388 LEASE LIABILITIES 321641 DEFINED BENEFIT LIABILITY 3038266 1675605295 X 113397559 11269642 3914248 15183890 98213669 0 98213669 89358340 0 89358340 0 89358340 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER IRC 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS FOR CALENDAR 2014 AND SUBSEQUENT YEARS FOR ACTIVITIES IT HAS DEEMED TAXABLE. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2024 AND 2023. THE CREDIT UNION'S 2021 THROUGH 2023 YEARS TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DEFINED BENEFIT PENSION PLAN 3,745,376. POST RETIREMENT BENEFITS 168,872. X X X X 0 0 0 STEVE ELKINS PRESIDENT/CEO, OFFICER 555653 0 97368 0 0 0 10350 0 24712 0 688083 0 0 0 BARRY SMITH CHIEF OPERATING OFFICER/KEY 339460 0 66408 0 0 0 76487 0 16668 0 499023 0 0 0 MIKE TRANUM CHIEF INFORMATION/KEY 285672 0 33171 0 0 0 61775 0 24712 0 405330 0 0 0 JACKIE CASON CHIEF HUMAN RESOURCE OFFICER 275094 0 37302 0 0 0 46616 0 24712 0 383724 0 0 0 STEVE PITTMAN CHIEF FINANCIAL OFFICER/KEY 257235 0 41505 0 0 0 54160 0 24712 0 377612 0 0 0 JACOB LAREW CHIEF RETAIL OFFICER 206466 0 30873 0 0 0 49478 0 24712 0 311529 0 0 0 MICHAEL MCALLISTER CHIEF LENDING OFFICER 214160 0 30873 0 0 0 57673 0 8586 0 311292 0 0 0 CYNTHIA NUCKOLES INFORMATION TECHNOLOGY VP 145206 0 14827 0 0 0 4749 0 17462 0 182244 0 0 0 BRANDON MURRAY SOFTWARE DEVELOPMENT VP 124102 0 19085 0 0 0 4097 0 24712 0 171996 0 0 0 TINA COFFEY MORTGAGE ADVISOR 76897 0 68860 0 0 0 3861 0 17462 0 167080 0 0 0 MARGARET HERSH TREASURY MANAGEMENT VP 109848 0 20168 0 0 0 3810 0 24712 0 158538 0 0 0 JOSHUA TROMBLEY INFORMATION SECURITY AVP 123772 0 19601 0 0 0 3689 0 8583 0 155645 0 0 0 GERALD B HERSHEY FORMER PRESIDENT AND CEO SPLIT DOLLAR LIFE X 6216401 6753763 0 1 1 STEVE F ELKINS PRESIDENT/CEO SPLIT DOLLAR LIFE X 9950000 10527195 0 1 1 BARRY SMITH CHIEF OPERATING OFFICER SPLIT DOLLAR LIFE X 6550000 6366829 0 1 1 STEPHEN PITTMAN CHIEF FINANCIAL OFFICER SPLIT DOLLAR LIFE X 1400000 1477211 0 1 1 MICHAEL TRANUM CHIEF INFORMATION OFFICER SPLIT DOLLAR LIFE X 1600000 1688240 0 1 1 JACKIE CASON CHIEF HUMAN RESOURCES OFFICER SPLIT DOLLAR LIFE X 1750000 1846513 0 1 1 28659751 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 92,048 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 BY PRESIDENT/CEO AND BY SENIOR VICE PRESIDENT/CFO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C DUPONT COMMUNITY CREDIT UNION (DCCU) HAS A CONFLICT OF INTEREST POLICY THAT SERVES AS A PREVENTATIVE 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 CONSISTS 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 THE 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 CONSULTANT AND BY COMPEASE, WHICH USES MARKET DATA AND JOB DESCRIPTIONS. THE PROCESS OCCURS ANNUALLY AS PART OF THE BUDGET PROCESS. THE DECISION RELATED TO COMPENSATION IS DOCUMENTED IN MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990, FORM 990-T AND FORM 1023 ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST. THE FINANCIAL STATEMENTS ARE AVAILABLE AT BRANCH OFFICE LOCATIONS. FORM 990, PART XI, LINE 9: CHANGE IN DEFINED BENEFIT PENSION PLAN 3,745,376. CHANGE IN POST RETIREMENT BENEFITS 168,872. ROUNDING 1. FORM 990, PART XII, LINE 2C: PROCESS HAS NOT CHANGED FROM PRIOR YEAR.