2015-11-13T08:12:57-06:00 2014-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2014-01-01 951981100 CHRISTIAN COMMUNITY CREDIT UNION CHRI 8003472228 255 N LONE HILL AVENUE SAN DIMAS CA 91773 JOHN T WALLING PRESIDENT/CEO 8003472228 2015-11-12 1 GERALD B KISSELL P00092658 6123324300 2014 2016-02-25 16:41:14Z JOHN T WALLING 255 N LONE HILL AVENUE SAN DIMAS CA 91773 30573239 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. 7 5 136 10 144351 -98456 0 0 30103594 28115232 256799 282669 -169711 373693 30190682 28771594 124002 232596 4687307 3892430 11189681 11689939 0 0 0 9079827 8378997 25080817 24193962 5109865 4577632 573147504 579670224 508859929 510805017 64287575 68865207 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 12/31/14 OUR MEMBERS HAD $502,942,582, ON DEPOSIT IN INSURED ACCOUNTS IN THE CREDIT UNION. THE CREDIT UNION HAS $59,065,342, IN SAVINGS ACCOUNTS, $128,695,578, IN CHECKING ACCOUNTS, $117,032,458, IN MONEY MARKET, AND $165,516,533, CERTIFICATES OF DEPOSIT. THE AVERAGE RATE OF RETURN ON THESE ACCOUNTS AT YEAR END WAS .720%. IRA CERTIFICATE ACCOUNTS EARNED 1.80%. NON-IRA CERTIFICATES EARNED 1.41% AT YEAR END. THE CREDIT UNION BEGAN THE YEAR WITH 27,730 INDIVIDUAL MEMBERS AND ENDED THE YEAR WITH 27,535 FOR A DECREASE OF 195 INDIVIDUAL MEMBERS OR 0.703%. THE CREDIT UNION HAS 2,167 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 $141,544,227 IN OUTSTANDING RETAIL FIRST TRUST DEED LOANS AS OF 12/31/14. THEY REPRESENT 28.59% OF OUR LOAN PORTFOLIO AND 24.42% OF OUR TOTAL ASSETS. THE AVERAGE RATE ON THESE LOANS WAS 3.59%. THE PORTFOLIO INCREASED $9,001,677 OR 6.79% DURING 2014. THE DELINQUENCY RATIO FOR THE PORTFOLIO AT YEAR END WAS .32%. 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 $324,726,067 IN OUTSTANDING FIRST TRUST DEED LOANS TO CHURCHES AND MINISTRIES AS OF 12/31/14. THEY REPRESENT 65.58% OF OUR LOAN PORTFOLIO AND 56% OF OUR TOTAL ASSETS. THE AVERAGE RATE ON THESE LOANS WAS 4.80%. THE PORTFOLIO INCREASED $9,034,734 DURING 2014 OR 2.86%. THE DELINQUENT LOAN RATIO FOR THE PORTFOLIO AT YEAR END WAS .44%. CREDIT UNION CONSUMER LENDING: THE CREDIT UNION HAS $5,002,951 IN CAR LOANS, $25,057,520 IN RETAIL CREDIT CARD ACCOUNTS AND $2,699,234 IN STUDENT LOANS. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 10789 0 1 136 1 1 1 0 0 0 0 0 X 7 5 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X STAN WAHL 8003472228 255 N LONE HILL AVENUE SAN DIMAS CA 91773 JOHN PEARSON CHAIR 1.00 X X 0 0 0 MICHAEL PATE VICE CHAIR 1.00 X X 4262 0 0 JOHN T WALLING TREASURER/PRESDIENT/CEO 40.00 X X 709906 0 67139 DENNIS ENDERT SECRETARY 1.00 X X 4056 0 0 EDUARDO FONT DIRECTOR 1.00 X 0 0 0 CATHY BARRETT DIRECTOR 1.00 X 3939 0 0 THOMAS MATLOCK DIRECTOR 1.00 X 4154 0 0 STANLEY WAHL SVP/CFO 40.00 X 274768 0 0 DAVID ESTRIDGE EXECUTIVE VICE PRESIDENT 40.00 X 412491 0 38181 MARJORIE HUGHES SVP/COO 40.00 X 311106 0 9621 JAMES SCOTT REITSMA SVP-MINISTRY DEVELOPMENT 40.00 X 297928 0 15425 DAVID SOUTH SVP-HUMAN RESOURCES 40.00 X 239970 0 7212 JOHN SILVIS VP-INFORMATION TECHNOLOGY 40.00 X 131982 0 15975 KENNETH MURPHY VP-MINISTRY DEVELOPMENT GR 40.00 X 118921 0 16625 DONNA ESSE VP-ELECTRONIC SERVICES 40.00 X 114603 0 5162 TIM LAWRENCE VP-MINISTRY DEVELOPMENT GR 40.00 X 121648 0 17341 MARTHA ARCHER AVP-RISK MANAGEMENT 40.00 X 113046 0 5954 2862780 0 198635 17 0 1 0 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 2160373 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 CORE SYSTEM SERVICE 380832 DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 90051 PC BANKING 369310 MATLOCK & ASSOCIATES 1614 E HOLT BLVD STE 106 ONTARIO CA 91761 CONSTRUCTION SERVICES 293912 SAN DIEGO INSURANCE STAFFING 3717 CAMINO DEL RIO SOUTH STE 100 SAN DIEGO CA 92108 TEMPORARY STAFFING SERVICES 197250 14 INTEREST ON LOANS 522100 23445097 23445097 INTERCHANGE INCOME 522100 2465774 2465774 FEE INCOME 522100 1591796 1447445 144351 OTHER OPERATING INCOME 522100 612565 612565 28115232 153019 153019 55268 21590 33678 33678 33678 1909705 1780055 129650 129650 129650 LOSS ON SERVICING ASSETS 900099 290186 290186 MARKET GAIN ON INVESTMENTS 900099 49829 49829 340015 28771594 28261067 144351 366176 169596 63000 3892430 2405288 6946422 1025062 673700 639467 35743 60951 90000 388046 1334254 1718517 967557 803036 161425 79335 293081 104765 LOAN SERVICING EXPENSES 1573353 SHARE DRAFT EXPENSES 624109 DUES 73773 TRAINING 6129 64923 24193962 553151 432152 68439450 63649840 223670 262835 476262540 487126494 358652 415390 17437065 9177220 8496465 8259845 6000000 6000000 12813576 13523668 573147504 579670224 8778908 7813119 12298 44433 4883 500068723 502942582 508859929 510805017 X 0 0 0 0 64287575 68865207 64287575 68865207 573147504 579670224 4577632 0 X 0 1 X 1 0 2958 2958 2958 1 CALIFORNIA CREDIT UNION LEAGUE PAC PO BOX 54476 ONTARIO CA 917610076 942329967 2958 4320 PART I-A, LINE 1: THE CREDIT UNION MAKES AN ANNUAL CONTRIBUTION TO THE CALIFORNIA CREDIT UNION LEAGUE FEDERAL POLITICAL ACTION COMMITTEE. 0 1 X 1700454 1700454 10009368 4453717 5555651 3956635 3110541 846094 1770608 1612962 157646 8259845 MEMBER SHARE DEPOSITS 502942582 502942582 PART IV, LINE 2B: THE CREDIT UNION IS A LOAN SERVICER FOR FMAC LOANS. IN 2014 A SERVICED FMAC LOAN DEFAULTED. AS A RESULT, THE CREDIT UNION WAS REQUIRED BY FMAC TO COLLECT FUNDS FROM THE BORROWER IN ADDITION TO THE REGULAR SCHEDULED PAYMENT TO PAY PREVIOUS AND FUTURE YEAR PROPERTY TAXES. THE CREDIT UNION CURRENTLY DOES NOT HAVE ANY ESTABLISHED ESCROW ACCOUNTS FOR OUR MEMBERS. THE IMPOUND ACCOUNT FUNDS COLLECTED FROM THIS ONE LOAN 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. 1 ATHERTON BAPTIST HOMES 214 S ATLANTIC BLVD ALHAMBRA CA 91801 951683861 501(C)(3) 5200 GENERAL PURPOSE BIOLA UNIVERSITY 13800 BIOLA AVE LA MIRADA CA 90639 950549600 41800 EDUCATIONAL SUPPORT THROUGH CREDIT CARD PARTNERSHIP PROGRAM INTERNATIONAL MINISTRIES PO BOX 851 VALLEY FORGE PA 19482 135563018 501(C)(3) 34618 MISSIONARY SUPPORT THROUGH CREDIT CARD PARTNERSHIP PROGRAM MISSION AVIATION FELLOWSHIP PO BOX 47 NAMPA ID 83653 951920983 501(C)(3) 81708 MISSIONARY SUPPORT THROUGH CREDIT CARD PARTNERSHIP PROGRAM RAINBOW ACRES 2120 RESERVATION LOOP RD CAMP VERDE AZ 86322 860286420 501(C)(3) 6270 GENERAL PURPOSE 5 SCHOLARSHIPS FOR STUDENTS ATTENDING CHRISTIAN COLLEGES 44 44000 SCHOLARSHIPS FOR STUDENTS ATTENDING SECULAR COLLEGES 19 19000 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 ISSUED. THE CREDIT UNION DOES NOT MONITOR GRANT FUNDS ONCE THEY ARE DISBURSED. SCHOLARSHIP FUNDS ARE DISTRIBUTED DIRECTLY 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. X X X 0 1 X X X X 0 1 0 JOHN T WALLING TREASURER/PRESDIENT/CEO 534947 0 114142 0 60817 0 44676 0 22901 0 777483 0 0 0 STANLEY WAHL SVP/CFO 227759 0 44237 0 2772 0 0 0 438 0 275206 0 0 0 DAVID ESTRIDGE EXECUTIVE VICE PRESIDENT 339746 0 67708 0 5037 0 34427 0 4193 0 451111 0 0 0 MARJORIE HUGHES SVP/COO 262117 0 48023 0 966 0 0 0 10059 0 321165 0 0 0 JAMES SCOTT REITSMA SVP-MINISTRY DEVELOPMENT 251236 0 44886 0 1806 0 0 0 15863 0 313791 0 0 0 DAVID SOUTH SVP-HUMAN RESOURCES 198877 0 40127 0 966 0 0 0 10152 0 250122 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 FRINGE BENEFIT AND THEREFORE TAXABLE 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 CREDIT UNION HAS A NON-QUALIFIED DEFERRED COMPENSATION PLAN IN PLACE FOR CERTAIN EXECUTIVES AS DESCRIBED IN SECTION 457(F). AMOUNTS ACCRUED UNDER SUCH PLAN ARE PROPERLY REFLECTED IN PART VII, COLUMN F AND IN SCHEDULE J, PART II, COLUMN C. ADDITIONAL TERMS AND CONDITIONS OF SUCH PLAN ARE AVAILABLE TO THE IRS UPON REQUEST. JOHN WALLING, PRESIDENT/CEO, AND DAVID ESTRIDGE, TREASURER, PARTICIPATED IN A NONQUALIFIED 457(F) PLAN IN 2014. THERE WERE NO DISBURSEMENTS FROM THIS PLAN IN 2014. HALEY HURLOCK GRANDCHILD OF PRESIDENT/CEO JOHN WALLING 1000 SCHOLARSHIP SCHOLARSHIP HEATHER HURLOCK GRANDCHILD OF PRESIDENT/CEO JOHN WALLING 1000 SCHOLARSHIP SCHOLARSHIP MATLOCK & ASSOCIATES TOM MATLOCK, CU DIRECTOR IS THE OWNER OF MATLOCK & ASSOCIATES 293912 CU PAID MATLOCK & ASSOCIATES FOR OFFICE RENOVATIONS 0 FORM 990, PART I, LINE 6 THE CREDIT UNION'S 10 VOLUNTEERS CONSIST OF 7 BOARD MEMBERS AND 3 MEMBERS OF THE SUPERVISORY COMMITTEE. 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 11 FORM 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, AND THE AVP 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 CONFLICT OF INTEREST 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 COMPLILED RECOMMENDATIONS. FORM 990, PART VI, SECTION C, LINE 19 A MONTHLY FINANCIAL STATEMENT IS PUBLISHED ON THE CREDIT UNION'S WEBSITE AND PROVIDED IN PRINT IN THE LOBBY OF THE 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.