Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST ON LOANS

  total $24,200,366 · related or exempt $24,200,366

• 2b · Program service revenue: INTERCHANGE INCOME

  total $3,061,387 · related or exempt $3,060,162 · unrelated business $1,225

• 2c · Program service revenue: FEE INCOME

  total $1,237,126 · related or exempt $1,233,981 · unrelated business $3,145

• 2d · Program service revenue: LOAN SERVICES

  total $1,005,345 · related or exempt $1,005,345

• 2e · Program service revenue: MISCELLANEOUS INCOME

  total $274,620 · related or exempt $174,720 · unrelated business $99,900

• 2f · All other program service revenue

  total $116,099 · related or exempt $104,288 · unrelated business $11,811

• 3 · Investment income

  total $3,827,858 · excluded $3,827,858

• 7a · Gross sales of assets other than inventory

  other assets $5,368,679

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

  other assets $817,379

• 7c · Gain or loss

  other assets $4,551,300

• 7d · Net gain or loss

  total $4,551,300 · excluded $4,551,300

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $175,851

• 2 · Grants to domestic individuals

  total $35,000

• 5 · Compensation of officers, directors and key employees

  total $3,285,495

• 7 · Other salaries and wages

  total $6,711,237

• 8 · Pension plan contributions

  total $996,266

• 9 · Other employee benefits

  total $3,285,127

• 10 · Payroll taxes

  total $804,872

• 11a · Fees: management

  total $38,835

• 11b · Fees: legal

  total $42,731

• 11c · Fees: accounting

  total $284,094

• 11g · Fees: other

  total $390,089

• 12 · Advertising and promotion

  total $947,130

• 13 · Office expenses

  total $1,258,050

• 14 · Information technology

  total $2,140,640

• 16 · Occupancy

  total $332,428

• 17 · Travel

  total $271,982

• 19 · Conferences, conventions and meetings

  total $38,700

• 22 · Depreciation, depletion and amortization

  total $338,134

• 23 · Insurance

  total $136,934

• 24a · Other expenses: DIVIDENDS PAID TO MEMBE

  total $3,139,651

• 24b · Other expenses: LOAN SERVICING EXPENSE

  total $1,103,604

• 24c · Other expenses: CU REWARDS PROGRAMS

  total $1,065,066

• 24d · Other expenses: PROVISION FOR LOAN LOSS

  total $927,853

• 24e · All other expenses

  total $1,975,764

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $338,943 · end of year $207,178

• 2 · Savings and temporary cash investments

  beginning of year $222,491,524 · end of year $109,101,786

• 4 · Accounts receivable

  beginning of year $557,254 · end of year $224,529

• 7 · Other notes and loans receivable

  beginning of year $591,025,794 · end of year $673,506,113

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,054,716 · end of year $1,062,567

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

  $13,569,661

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

  $8,335,606

• 10c · Land, buildings and equipment, net

  beginning of year $6,090,548 · end of year $5,234,055

• 12 · Investments: other securities

  beginning of year $10,437,348 · end of year $58,393,822

• 15 · Other assets

  beginning of year $30,850,655 · end of year $32,403,216

• 17 · Accounts payable and accrued expenses

  beginning of year $5,444,332 · end of year $5,713,203

• 19 · Deferred revenue

  beginning of year $128,485 · end of year $68,693

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $3,866

• 25 · Other liabilities

  beginning of year $762,806,316 · end of year $772,920,312

• 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 $94,467,649 · end of year $101,427,192

The filer's explanations (Part III)

PART I, LINE 1A

SENIOR MANAGEMENT MAY PERIODICALLY APPROVE THE REIMBURSEMENT OF TRAVEL EXPENSES FOR A GUEST. THE INTERNAL REVENUE SERVICE CONSIDERS REIMBURSEMENTS FOR GUEST TRAVEL A TAXABLE FRINGE BENEFIT 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-NEC. STUART BLAIR KORSCHUN, MARJORIE HUGHES, MARK BARGAEHR, DALE TORRY, RICK BEE, DOROTHY KIM, AND MICHAEL PATE ALL UTILIZED THIS BENEFIT. CHRISTIAN COMMUNITY CREDIT UNION ALSO OFFERED TAX INDEMNIFICATION AND GROSS-UP PAYMENTS TO AARON CAID, CHARLANDRA ALLEN, DAVID SOUTH, DONNA ESSE, HAMID SAMADOFF, JASON THOMAS, JOHN SILVIS, MARJORIE HUGHES, MIKE POIRIER, STUART BLAIR KORSCHUN, AND TIM LAWRENCE. THESE AMOUNTS ARE GROSSED UP AND INCLUDED ON THE EMPLOYEE'S PAYSTUB.

PART I, LINE 4B

THE FOLLOWING EXECUTIVES PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN SPONSORED BY CHRISTIAN COMMUNITY CREDIT UNION. THE EMPLOYER CONTRIBUTIONS ON BEHALF OF THE EXECUTIVES, ALONG WITH THE DISTRIBUTIONS MADE TO THE EXECUTIVES, ARE SHOWN BELOW AND REPORTED ON THE FORM 990, PART VII AND SCHEDULE J, PART II: AARON CAID - $12,000 CONTRIBUTION BLAIR KORSCHUN - $170,000 CONTRIBUTION MIKE PORIER - $27,500 CONTRIBUTION JASON THOMAS - $27,500 CONTRIBUTION JOHN SILVIS - $10,000 CONTRIBUTION JOHN T WAILING - $115,375 DISTRIBUTION