Skip to content
Nonprofiteer
← CITY & COUNTY CREDIT UNION

Form 990 for tax year 2023

Filed by CITY & COUNTY CREDIT UNION.

Totals

Total revenue
$53,343,575
Total expenses
$46,368,969
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$40,685,547
Investment income
$12,658,028
Other revenue
$0
Total assets, end of year
$1,234,462,832
Total liabilities, end of year
$1,148,998,460
Net assets or fund balances, end of year
$85,464,372
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: INTEREST ON LOANS

    total $32,902,271 · related or exempt $32,902,271

  • 2b · Program service revenue: OTHER FEES

    total $4,763,016 · related or exempt $4,731,618 · unrelated business $31,398

  • 2c · Program service revenue: CHECKING/ATM FEES

    total $3,020,260 · related or exempt $2,987,569 · unrelated business $32,691

  • 3 · Investment income

    total $11,810,322 · excluded $11,810,322

  • 7a · Gross sales of assets other than inventory

    securities $20,127,961 · other assets $466,370

  • 7b · Less cost or other basis and sales expenses

    securities $19,211,405 · other assets $535,220

  • 7c · Gain or loss

    securities $916,556 · other assets -$68,850

  • 7d · Net gain or loss

    total $847,706 · excluded $847,706

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $8,013,649

  • 5 · Compensation of officers, directors and key employees

    total $2,941,132

  • 7 · Other salaries and wages

    total $9,041,700

  • 8 · Pension plan contributions

    total $1,281,490

  • 9 · Other employee benefits

    total $1,607,819

  • 10 · Payroll taxes

    total $877,899

  • 11b · Fees: legal

    total $52,082

  • 11c · Fees: accounting

    total $171,559

  • 13 · Office expenses

    total $3,645,800

  • 16 · Occupancy

    total $2,118,369

  • 17 · Travel

    total $367,325

  • 20 · Interest

    total $3,574,941

  • 22 · Depreciation, depletion and amortization

    total $1,690,925

  • 24a · Other expenses: PROFESSIONAL AND OUTSID

    total $4,708,044

  • 24b · Other expenses: EDUCATIONAL AND PROMOTI

    total $2,193,131

  • 24c · Other expenses: LOAN SERVICING EXPENSE

    total $2,054,021

  • 24d · Other expenses: CREDIT LOSS EXPENSE

    total $1,341,373

  • 24e · All other expenses

    total $687,710

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,210,275 · end of year $7,244,600

  • 2 · Savings and temporary cash investments

    beginning of year $77,096,171 · end of year $89,291,252

  • 4 · Accounts receivable

    beginning of year $2,363,920 · end of year $9,019,339

  • 7 · Other notes and loans receivable

    beginning of year $667,858,051 · end of year $722,230,052

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,333,016 · end of year $2,238,220

  • 10a · Land, buildings and equipment: cost or other basis

    $46,186,728

  • 10b · Land, buildings and equipment: accumulated depreciation

    $26,888,124

  • 10c · Land, buildings and equipment, net

    beginning of year $19,670,624 · end of year $19,298,604

  • 11 · Investments: publicly traded securities

    beginning of year $356,805,707 · end of year $309,699,905

  • 13 · Investments: program-related

    beginning of year $28,847,410 · end of year $29,049,451

  • 15 · Other assets

    beginning of year $45,338,406 · end of year $46,391,409

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,666,866 · end of year $13,390,496

  • 23 · Secured mortgages and notes payable

    beginning of year $54,010,000 · end of year $101,000,000

  • 25 · Other liabilities

    beginning of year $1,069,550,739 · end of year $1,034,607,964

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $72,295,975 · end of year $85,464,372

Mission and programs · 2023

Mission

TO CONDUCT THE ORDINARY AND NECESSARY BUSINESS OF A CREDIT UNION INVOLVING THE RECEIVING OF SAVINGS OF MEMBERS AND LENDING MONEY TO MEMBERS FOR PROVIDENT PURPOSES.

Activities or mission (Part I)

TO PROVIDE AFFORDABLE FINANCIAL SERVICES

  • THE CREDIT UNION PROVIDED LOANS OF $211 MILLION TO 13,318 MEMBERS.

  • THE CREDIT UNION PROVIDES DEPOSIT ACCOUNTS TO 62,170 MEMBERS. THE CREDIT UNION PAID INTEREST AND DIVIDENDS OF $8M ON THESE ACCOUNTS.

  • THE CREDIT UNION PROVIDED LOW COST CHECKING AND RELATED SERVICES TO 40,950 MEMBERS.

As filed on the 2023 return.

Listed in Part VII

  • Heidi Wolf

    BOARD MEMBER

    Total calculated
    $1,831
    From this org
    $1,831
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Joe Matthews

    BOARD MEMBER

    Total calculated
    $1,727
    From this org
    $1,727
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Lou Bruno

    BOARD MEMBER

    Total calculated
    $2,795
    From this org
    $2,795
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Nicole Bates

    BOARD MEMBER

    Total calculated
    $728
    From this org
    $728
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Shannon Cunningham

    BOARD MEMBER

    Total calculated
    $1,858
    From this org
    $1,858
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Hans Molenaar

    BOARD MEMBER

    Total calculated
    $1,328
    From this org
    $1,328
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Axel Henry

    BOARD MEMBER

    Total calculated
    $735
    From this org
    $735
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Chad Kerlin

    BOARD MEMBER

    Total calculated
    $683
    From this org
    $683
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Patrick Pierce

    PRESIDENT

    Total calculated
    $949,806
    From this org
    $915,572
    From related orgs
    $0
    Other
    $34,234
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $577,575
    Bonus
    $287,186
    Other
    $50,811
    Deferred
    $15,200
    Nontaxable benefits
    $19,034
    Filer's total
    $949,806

  • Eric Mellenthin

    VP INFORMATION TECHNOLOGY

    Total calculated
    $336,310
    From this org
    $302,580
    From related orgs
    $0
    Other
    $33,730
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $276,193
    Bonus
    $20,992
    Other
    $5,395
    Deferred
    $13,736
    Nontaxable benefits
    $19,994
    Filer's total
    $336,310

  • Marc Kilgore

    SVP INFORMATION TECHNOLOGY

    Total calculated
    $331,529
    From this org
    $301,201
    From related orgs
    $0
    Other
    $30,328
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $87,769
    Bonus
    $210,866
    Other
    $2,566
    Deferred
    $13,064
    Nontaxable benefits
    $17,264
    Filer's total
    $331,529

  • Melissa Settem

    VP ACCOUNTING & FINANCE

    Total calculated
    $193,718
    From this org
    $165,053
    From related orgs
    $0
    Other
    $28,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,339
    Bonus
    $11,898
    Other
    $2,816
    Deferred
    $8,671
    Nontaxable benefits
    $19,994
    Filer's total
    $193,718

  • Thomas Coulter

    EVP OPERATIONS

    Total calculated
    $293,054
    From this org
    $259,717
    From related orgs
    $0
    Other
    $33,337
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,641
    Bonus
    $11,383
    Other
    $20,693
    Deferred
    $12,343
    Nontaxable benefits
    $20,994
    Filer's total
    $293,054

  • Steven Galarneau

    VP INVESTMENTS

    Total calculated
    $187,695
    From this org
    $167,965
    From related orgs
    $0
    Other
    $19,730
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,488
    Bonus
    $7,128
    Other
    $2,349
    Deferred
    $8,602
    Nontaxable benefits
    $11,128
    Filer's total
    $187,695

  • Bailey Germain

    VP MARKETING

    Total calculated
    $149,817
    From this org
    $126,523
    From related orgs
    $0
    Other
    $23,294
    Hours/week
    40

  • Mardell Lutgen

    VP MEMBER EXPERIENCE

    Total calculated
    $153,284
    From this org
    $134,893
    From related orgs
    $0
    Other
    $18,391
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,933
    Bonus
    $5,960
    Other
    $0
    Deferred
    $7,400
    Nontaxable benefits
    $10,991
    Filer's total
    $153,284

  • Robin Downing

    VP HUMAN RESOURCES

    Total calculated
    $157,536
    From this org
    $148,734
    From related orgs
    $0
    Other
    $8,802
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,302
    Bonus
    $6,088
    Other
    $2,344
    Deferred
    $7,614
    Nontaxable benefits
    $1,188
    Filer's total
    $157,536

  • Danielle Konrad-Arthur

    VP COMPLIANCE

    Total calculated
    $176,697
    From this org
    $158,593
    From related orgs
    $0
    Other
    $18,104
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,188
    Bonus
    $5,610
    Other
    $17,795
    Deferred
    $8,140
    Nontaxable benefits
    $9,964
    Filer's total
    $176,697

  • David Olson

    DIRECTOR OF IT & SECURITY

    Total calculated
    $302,518
    From this org
    $269,337
    From related orgs
    $0
    Other
    $33,181
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,479
    Bonus
    $18,038
    Other
    $4,820
    Deferred
    $12,437
    Nontaxable benefits
    $20,744
    Filer's total
    $302,518

  • Jenny Lynch

    DIRECTOR ELECTRONIC SERVICES

    Total calculated
    $149,969
    From this org
    $123,453
    From related orgs
    $0
    Other
    $26,516
    Hours/week
    40

  • Anne Smith

    BUSINESS SERVICES MANAGER

    Total calculated
    $128,937
    From this org
    $105,179
    From related orgs
    $0
    Other
    $23,758
    Hours/week
    40

  • Timothy Trembley

    DIRECTOR MORTGAGE SERVICES

    Total calculated
    $151,859
    From this org
    $129,831
    From related orgs
    $0
    Other
    $22,028
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,837
    Bonus
    $5,432
    Other
    $1,562
    Deferred
    $10,222
    Nontaxable benefits
    $11,806
    Filer's total
    $151,859

  • Joseph Newmaster

    INFRASTRUCTURE MANAGER

    Total calculated
    $152,495
    From this org
    $144,132
    From related orgs
    $0
    Other
    $8,363
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,093
    Bonus
    $9,039
    Other
    $0
    Deferred
    $7,194
    Nontaxable benefits
    $1,169
    Filer's total
    $152,495

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4B
PATRICK PIERCE - PARTICIPATED IN NON-QUALIFIED PLAN THOMAS COULTER - PARTICIPATED IN NON-QUALIFIED PLAN ERIC MELLENTHIN - PARTICIPATED IN NON-QUALIFIED PLAN MELISSA SETTEM - PARTICIPATED IN NON-QUALIFIED PLAN

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2024
IRS schema version
2023v5.0
Source object
202421319349301742

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.