2014-11-17T14:28:40-06:00 2013-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2013-01-01 951981100 CHRISTIAN COMMUNITY CREDIT UNION CHRI 8003472228 255 N LONE HILL AVENUE SAN DIMAS CA 91773 JOHN T WALLING PRESIDENT/CEO 8003472228 2014-11-14 1 GERALD B KISSELL P00092658 6123324300 2013 2015-11-30 17:44:51Z JOHN T WALLING 255 N LONE HILL AVENUE SAN DIMAS CA 91773 30211131 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 6 136 10 130487 -90535 0 0 31607944 30103594 705277 256799 30204 -169711 32343425 30190682 235194 124002 5023458 4687307 10740844 11189681 0 0 0 10094359 9079827 26093855 25080817 6249570 5109865 569587878 573147504 510410168 508859929 59177710 64287575 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 12/31/13 OUR MEMBERS HAD $500,068,723, ON DEPOSIT IN INSURED ACCOUNTS IN THE CREDIT UNION. THE CREDIT UNION HAS $57,109,426, IN SAVINGS ACCOUNTS, $118,278,212, IN CHECKING ACCOUNTS, $118,919,894, IN MONEY MARKET, AND $171,703,345, CERTIFICATES OF DEPOSIT. THE AVERAGE RATE OF RETURN ON THESE ACCOUNTS AT YEAR END WAS .795%. IRA CERTIFICATE ACCOUNTS EARNED 2.156%. NON-IRA CERTIFICATES EARNED 1.57% AT YEAR END. THE CREDIT UNION BEGAN THE YEAR WITH 27,204 INDIVIDUAL MEMBERS AND ENDED THE YEAR WITH 27,730 FOR AN INCREASE OF 526 INDIVIDUAL MEMBERS OR 1.9%. THE CREDIT UNION HAS 2,210 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 $132,542,550 IN OUTSTANDING RETAIL FIRST TRUST DEED LOANS AS OF 12/31/13. THEY REPRESENT 30.55% OF OUR LOAN PORTFOLIO AND 23% OF OUR TOTAL ASSETS. THE AVERAGE RATE ON THESE LOANS WAS 3.631%. THE PORTFOLIO INCREASED $19,604,722 OR 17% DURING 2013. THE DELINQUENCY RATIO FOR THE PORTFOLIO AT YEAR END WAS .6%. 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 $315,691,333 IN OUTSTANDING FIRST TRUST DEED LOANS TO CHURCHES AND MINISTRIES AS OF 12/31/13. THEY REPRESENT 61.5% OF OUR LOAN PORTFOLIO AND 55% OF OUR TOTAL ASSETS. THE AVERAGE RATE ON THESE LOANS WAS 5.026%. THE PORTFOLIO DECREASED $12,498,667 DURING 2013 OR 23.8%. THE DELINQUENT LOAN RATIO FOR THE PORTFOLIO AT YEAR END WAS 1.4%. CREDIT UNION CONSUMER LENDING:THE CREDIT UNION HAS $5,086,932 IN CAR LOANS, $26,798,326 IN RETAIL CREDIT CARD ACCOUNTS AND $2,105,137 IN STUDENT LOANS. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 11397 0 1 136 1 1 1 0 0 0 0 0 X 7 6 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 3888 0 0 MICHAEL PATE VICE CHAIR 1.00 X X 5222 0 0 JOHN T WALLING TREASURER/PRESDIENT/CEO 40.00 X X 644610 0 436139 DENNIS ENDERT SECRETARY 1.00 X X 3788 0 0 EDUARDO FONT DIRECTOR 1.00 X 3648 0 0 CATHY BARRETT DIRECTOR 1.00 X 3504 0 0 JAMES CARRINGTON DIRECTOR 1.00 X 0 0 0 THOMAS MATLOCK DIRECTOR 1.00 X 0 0 0 STANLEY WAHL SVP/CFO 40.00 X 256427 0 123961 DAVID ESTRIDGE EXECUTIVE VICE PRESIDENT 40.00 X 413427 0 316399 MARJORIE HUGHES SVP/COO 40.00 X 296181 0 -33214 JAMES SCOTT REITSMA SVP-MINISTRY DEVELOPMENT 40.00 X 269955 0 82733 DAVID SOUTH SVP-HUMAN RESOURCES 40.00 X 232280 0 257344 JOHN SILVIS VP-INFORMATION TECHNOLOGY 40.00 X 130486 0 75373 KENNETH MURPHY VP-MINISTRY DEVELOPMENT GR 40.00 X 112664 0 91236 DONNA ESSE VP-ELECTRONIC SERVICES 40.00 X 110277 0 110068 TIM LAWRENCE VP-MINISTRY DEVELOPMENT GR 40.00 X 113479 0 59430 MARTHA ARCHER AVP-RISK MANAGEMENT 40.00 X 106718 0 52206 2706554 0 1571675 11 0 1 0 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 2047173 MATLOCK & ASSOCIATES 1614 E HOLT BLVD STE 106 ONTARIO CA 91761 CONSTRUCTION SERVICES 862733 DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 90051 PC BANKING 345865 FINANCIAL SERVICE CENTERS COOPERATIVE I 2855 E GUASTI ROAD SUITE 202 ONTARIO CA 917611249 SHARE BRANCH TRANSACTIONS 150610 SAN DIEGO INSURANCE STAFFING 3717 CAMINO DEL RIO SOUTH STE 100 SAN DIEGO CA 92108 TEMPORARY STAFFING SERVICES 143333 11 INTEREST ON LOANS 522100 24526872 24526872 FEE INCOME 522100 2376800 2246313 130487 INTERCHANGE INCOME 522100 2370527 2370527 OTHER OPERATING INCOME 522100 829395 829395 30103594 186380 186380 54450 20449 34001 34001 34001 70367 52 0 0 70367 52 70419 70419 LOSS ON SERVICING ASSETS 900099 -94672 -94672 LOSS ON ACQUIRED ASSETS 900099 -109040 -109040 -203712 30190682 29769395 130487 290800 72002 52000 4687307 1466689 8124665 371232 610351 616744 43099 30277 120085 481010 1469391 1715023 835267 812414 211955 67127 273626 100988 LOAN SERVICING EXPENSES 1380660 SHARE DRAFT EXPENSES 609365 SPECIAL ASSESSMENT 385000 PROVISION FOR LOAN LOSS 150000 394540 25080817 530364 553151 172909 223670 465251410 476262540 376383 358652 17029493 8533028 8212027 8496465 75426967 68439450 6000000 6000000 13617818 12813576 569587878 573147504 8019709 8778908 24099 12298 502366360 500068723 510410168 508859929 X 0 0 0 0 59177710 64287575 59177710 64287575 569587878 573147504 5109865 0 X 0 1 X 0 0 17000 17000 17000 1 CALIFORNIA CREDIT UNION LEAGUE PAC PO BOX 54476 ONTARIO CA 917610076 942329967 17000 PART I-A, LINE 1: THE CREDIT UNION CONTRIBUTES TO THE CALIFORNIA CREDIT UNION LEAGUE PAC TO SUPPORT ISSUES OF CONCERN TO CREDIT UNIONS. 1700454 1700454 9796232 4089653 5706579 3804468 2854932 949536 1728339 1588443 139896 8496465 MEMBER SHARE DEPOSITS 500068723 500068723 0 0 0 0 0 0 0 0 0 0 SOUTH ASIA CONTRUCTION OF AN ORPHANAGE IN INDIA 8050 CHECK EAST ASIA AND THE PACIFIC PHILLIPPINES TYPHOON DISASTER RELIEF 5000 CHECK EAST ASIA AND THE PACIFIC PHILLIPPINES TYPHOON DISASTER RELIEF 5000 CHECK EAST ASIA AND THE PACIFIC THAILAND WATER PROJECT 5000 CHECK SOUTH AMERICA SOUTH AMERICAN MISSIONARIES SUPPORT 50000 CHECK 0 0 0 0 0 0 1 AMERICAN BAPTIST CHURCHESUSA INTERNATIONAL MINISTRIES PO BOX 851 VALLEY FORGE PA 19482 135563018 501(C)(3) 14601 MISSIONARY SUPPORT THROUGH CREDIT CARD PARTNERSHIP PROGRAM CHRISTS CHURCH OF THE VALLEY 1404 W COVINA BLVD SAN DIMAS CA 91773 956006335 501(C)(3) 7150 GENERAL CHURCH SUPPORT MISSION AVIATION FELLOWSHIP PO BOX 47 NAMPA ID 83653 951920983 501(C)(3) 50251 MISSIONARY SUPPORT THROUGH CREDIT CARD PARTNERSHIP PROGRAM 3 SCHOLARSHIPS 52 52000 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 1 1 X X X X 0 1 0 JOHN T WALLING TREASURER/PRESDIENT/CEO 514441 0 113883 0 16286 0 407218 0 28921 0 1080749 0 0 0 STANLEY WAHL SVP/CFO 211119 0 42536 0 2772 0 121815 0 2146 0 380388 0 0 0 DAVID ESTRIDGE EXECUTIVE VICE PRESIDENT 334038 0 65104 0 14285 0 303287 0 13112 0 729826 0 0 0 MARJORIE HUGHES SVP/COO 249039 0 46176 0 966 0 -43258 0 10044 0 262967 0 0 0 JAMES SCOTT REITSMA SVP-MINISTRY DEVELOPMENT 224989 0 43160 0 1806 0 67318 0 15415 0 352688 0 0 0 DAVID SOUTH SVP-HUMAN RESOURCES 192769 0 38584 0 927 0 250004 0 7340 0 489624 0 0 0 JOHN SILVIS VP-INFORMATION TECHNOLOGY 123498 0 6797 0 191 0 59220 0 16153 0 205859 0 0 0 KENNETH MURPHY VP-MINISTRY DEVELOPMENT GR 105573 0 6801 0 290 0 73805 0 17431 0 203900 0 0 0 DONNA ESSE VP-ELECTRONIC SERVICES 103537 0 6301 0 439 0 104748 0 5320 0 220345 0 0 0 TIM LAWRENCE VP-MINISTRY DEVELOPMENT GR 97156 0 16012 0 311 0 37236 0 22194 0 172909 0 0 0 MARTHA ARCHER AVP-RISK MANAGEMENT 100767 0 4476 0 1475 0 46472 0 5734 0 158924 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) 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 2013. THERE WERE NO DISBURSEMENTS FROM THIS PLAN IN 2013. JACOB PATE SON OF BOARD MEMBER MICHAEL PATE 1000 SCHOLARSHIP SCHOLARSHIP HEATHER HURLOCK GRANDDAUGHTER OF CEO JOHN WALLING 1000 SCHOLARSHIP SCHOLARSHIP MATLOCK & ASSOCIATES TOM MATLOCK, CU DIRECTOR IS THE OWNER OF MATLOCK & ASSOCIATES 862733 CU PAID MATLOCK & ASSOCIATES FOR OFFICE RENOVATIONS 0 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 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.