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Nonprofiteer
← TRUE COMMUNITY CREDIT UNION

Form 990 for tax year 2023

Filed by TRUE COMMUNITY CREDIT UNION.

Totals

Total revenue
$42,926,246
Total expenses
$38,572,848
Contributions and grants received
$0
Grants paid
$332,034
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • QUENTIN GUINN

    BOARD CHAIRPERSON UNTIL APRIL

    Total calculated
    $0
    Hours/week
    1

  • JOSH BURGETT

    BOARD CHAIRPERSON EFFECTIVE APRIL

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY DENTON

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JO ANN RAND

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • NEIL FERNANDES

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAREN RICHARD

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REGINA PINNEY

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHELSEA PAGE

    BOARD VICECHAIRPERSON EFFECTIVE APRIL

    Total calculated
    $0
    Hours/week
    1

  • TOM BUTMAN

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN HOSTETLER

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JACOB INOCENCIO

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINA SIDERS

    PRESIDENT/CEO

    Total calculated
    $374,128
    From this org
    $356,270
    From related orgs
    $0
    Other
    $17,858
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $324,800
    Bonus
    $0
    Other
    $31,470
    Deferred
    -$3,181
    Nontaxable benefits
    $21,039
    Filer's total
    $374,128

  • LANCE SCHNITKEY

    CHIEF FINANCIAL OFFICER

    Total calculated
    $180,839
    From this org
    $177,447
    From related orgs
    $0
    Other
    $3,392
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,430
    Bonus
    $600
    Other
    $10,417
    Deferred
    $1,149
    Nontaxable benefits
    $2,243
    Filer's total
    $180,839

  • JASON MATLEY

    EVP/CHIEF STRATEGY OFFICER

    Total calculated
    $254,466
    From this org
    $239,242
    From related orgs
    $0
    Other
    $15,224
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,845
    Bonus
    $300
    Other
    $10,097
    Deferred
    $5,642
    Nontaxable benefits
    $9,582
    Filer's total
    $254,466

  • VALERIE MOSKAL

    CHIEF GROWTH & LENDING OFFICER

    Total calculated
    $254,703
    From this org
    $231,813
    From related orgs
    $0
    Other
    $22,890
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,261
    Bonus
    $0
    Other
    $5,552
    Deferred
    $2,382
    Nontaxable benefits
    $20,508
    Filer's total
    $254,703

  • SARAH ERMATINGER

    CHIEF MEMBER EXPERIENCE OFFICER

    Total calculated
    $185,196
    From this org
    $183,907
    From related orgs
    $0
    Other
    $1,289
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,910
    Bonus
    $600
    Other
    $3,397
    Deferred
    -$956
    Nontaxable benefits
    $2,245
    Filer's total
    $185,196

  • CANIS ARBROUET

    VP OF IT AND BRANCH INFRASTRUCTURE

    Total calculated
    $194,181
    From this org
    $167,061
    From related orgs
    $0
    Other
    $27,120
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,785
    Bonus
    $0
    Other
    $276
    Deferred
    $6,668
    Nontaxable benefits
    $20,452
    Filer's total
    $194,181

  • HEATHER HARBACK

    CHIEF PEOPLE OFFICER

    Total calculated
    $183,043
    From this org
    $159,674
    From related orgs
    $0
    Other
    $23,369
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,350
    Bonus
    $0
    Other
    $6,324
    Deferred
    $2,342
    Nontaxable benefits
    $21,027
    Filer's total
    $183,043

  • SHAWN CHRISTIE

    VP OF WEALTH MANAGEMENT

    Total calculated
    $154,341
    From this org
    $147,684
    From related orgs
    $0
    Other
    $6,657
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,290
    Bonus
    $0
    Other
    $394
    Deferred
    -$16,974
    Nontaxable benefits
    $23,631
    Filer's total
    $154,341

  • TERRY FRENCH

    INVESTMENT ADVISOR

    Total calculated
    $207,529
    From this org
    $200,733
    From related orgs
    $0
    Other
    $6,796
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,582
    Bonus
    $600
    Other
    $551
    Deferred
    $6,380
    Nontaxable benefits
    $416
    Filer's total
    $207,529

  • REBECCA BILLINGSLEY

    SENIOR DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $139,428
    From this org
    $151,886
    From related orgs
    $0
    Other
    -$12,458
    Hours/week
    40

  • JONATHAN BEARD

    VP OF DIGITAL TRANSFORMATION

    Total calculated
    $171,938
    From this org
    $146,989
    From related orgs
    $0
    Other
    $24,949
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,539
    Bonus
    $300
    Other
    $150
    Deferred
    $11,652
    Nontaxable benefits
    $13,297
    Filer's total
    $171,938

  • BRANDI COLE

    CHIEF RISK OFFICER

    Total calculated
    $144,178
    From this org
    $130,630
    From related orgs
    $0
    Other
    $13,548
    Hours/week
    40

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 — 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

  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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 3
THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO THE CEO, CHRISTINA SIDERS, THROUGH AN ARRANGEMENT REFERRED TO AS "COLLATERAL ASSIGNED SPLIT DOLLAR". AT SPECIFIED TIMES, THE PARTICIPANT MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANTS. UPON THE PARTICIPANT'S DEATH THE CREDIT UNION RECOVERS ITS PREMIUM PLUS INTEREST, PLUS KEY-PERSON INSURANCE PROCEEDS.

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433189349305103

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

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