Totals
- Total revenue
- $39,072,921
- Total expenses
- $33,641,930
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $37,638,182
- Investment income
- $1,434,739
- Other revenue
- $0
- Total assets, end of year
- $797,520,469
- Total liabilities, end of year
- $713,881,135
- Net assets or fund balances, end of year
- $83,639,334
- Program services expenses (Part IX)
- $33,641,930
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $33,641,930
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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: LOAN INTEREST
total $26,709,038 · related or exempt $26,709,038
-
2b · Program service revenue: CUSTOMER SERVICE FEES
total $10,929,144 · related or exempt $10,872,441 · unrelated business $56,703
-
3 · Investment income
total $2,249,687 · excluded $2,249,687
-
7b · Less cost or other basis and sales expenses
securities $814,948
-
7c · Gain or loss
securities -$814,948
-
7d · Net gain or loss
total -$814,948 · excluded -$814,948
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $3,884,479 · program services $3,884,479
-
7 · Other salaries and wages
total $8,387,824 · program services $8,387,824
-
8 · Pension plan contributions
total $1,202,270 · program services $1,202,270
-
9 · Other employee benefits
total $950,671 · program services $950,671
-
10 · Payroll taxes
total $825,877 · program services $825,877
-
11a · Fees: management
total $163,571 · program services $163,571
-
11b · Fees: legal
total $56,788 · program services $56,788
-
11c · Fees: accounting
total $590,973 · program services $590,973
-
11g · Fees: other
total $332,766 · program services $332,766
-
12 · Advertising and promotion
total $2,413,380 · program services $2,413,380
-
13 · Office expenses
total $345,369 · program services $345,369
-
16 · Occupancy
total $1,747,836 · program services $1,747,836
-
19 · Conferences, conventions and meetings
total $486,494 · program services $486,494
-
20 · Interest
total $1,993,627 · program services $1,993,627
-
21 · Payments to affiliates
total $96,622 · program services $96,622
-
22 · Depreciation, depletion and amortization
total $583,907 · program services $583,907
-
23 · Insurance
total $173,672 · program services $173,672
-
24a · Other expenses: CREDIT/DEBIT CARD EXPEN
total $3,561,096 · program services $3,561,096
-
24b · Other expenses: MISCELLANEOUS EXPENSE
total $3,282,631 · program services $3,282,631
-
24c · Other expenses: PROVISION FOR LOAN LOSS
total $1,400,000 · program services $1,400,000
-
24d · Other expenses: LOAN EXPENSE
total $1,162,077 · program services $1,162,077
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $102,633,924 · end of year $53,580,747
-
7 · Other notes and loans receivable
beginning of year $557,106,625 · end of year $648,516,175
-
8 · Inventories for sale or use
beginning of year $8,496,129 · end of year $2,147,855
-
10a · Land, buildings and equipment: cost or other basis
$29,045,245
-
10b · Land, buildings and equipment: accumulated depreciation
$12,027,870
-
10c · Land, buildings and equipment, net
beginning of year $16,366,484 · end of year $17,017,375
-
12 · Investments: other securities
beginning of year $19,193,261 · end of year $24,914,376
-
15 · Other assets
beginning of year $38,592,581 · end of year $51,343,941
-
17 · Accounts payable and accrued expenses
beginning of year $11,578,026 · end of year $8,255,740
-
23 · Secured mortgages and notes payable
beginning of year $4,000,000 · end of year $24,000,000
-
25 · Other liabilities
beginning of year $647,936,393 · end of year $681,625,395
-
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 $23,148,884 · end of year $25,685,884
-
31 · Retained earnings, endowment or other funds
beginning of year $55,725,701 · end of year $57,953,450
Mission and programs · 2022
Mission
SIMPLY AND HAPPILY FULFILL THE FINANCIAL WANTS AND NEEDS OF OUR MEMBERS. TO ACHIEVE THIS, WE MUST STRIVE TO UNEXPECTEDLY DELIGHT THOSE WE SERVE; OUR EMPLOYEES, OUR COMMUNITIES, OUR MEMBERS.
-
COMMUNITY CHOICE CREDIT UNION OFFERS LOW RATE LOANS AND OFFERS HIGHER RATE DEPOSITS TO ITS MEMBERS. THE ORGANIZATION IS A FULL SERVICE FINANCIAL PROVIDER OFFERING EVERYTHING FROM MORTGAGE LOANS ALL THE WAY TO SAFE DEPOSIT BOXES. MEMBERS AS OF 12/31/2022 - 50,264
Expenses $33,641,930 · Revenue $37,581,479
As filed on the 2022 return.
Listed in Part VII
-
Randy DickeyRANDY DICKEY
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Joe YamenJOE YAMEN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mikel KoschmederMIKEL KOSCHMEDER
BOARD CFO
- Total calculated
- $0
- Hours/week
- 0.5
-
Thomas McEnteeTHOMAS MCENTEE
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Ken ZinkulaKEN ZINKULA
AUDIT COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Deb DegraffDEB DEGRAFF
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Brian FarrellBRIAN FARRELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Brenna FinnertyBRENNA FINNERTY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Sara KurovskiSARA KUROVSKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Joshua CookJOSHUA COOK
CEO
- Total calculated
- $717,684
- From this org
- $689,403
- From related orgs
- $0
- Other
- $28,281
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $526,383
- Bonus
- $163,020
- Other
- $0
- Deferred
- $18,300
- Nontaxable benefits
- $9,981
- Filer's total
- $717,684
-
Brian CurtinBRIAN CURTIN
CLO
- Total calculated
- $343,395
- From this org
- $293,566
- From related orgs
- $0
- Other
- $49,829
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $251,186
- Bonus
- $42,380
- Other
- $0
- Deferred
- $42,878
- Nontaxable benefits
- $6,951
- Filer's total
- $343,395
-
Erik SorensenERIK SORENSEN
CFO
- Total calculated
- $263,746
- From this org
- $220,722
- From related orgs
- $0
- Other
- $43,024
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $187,627
- Bonus
- $33,095
- Other
- $0
- Deferred
- $32,988
- Nontaxable benefits
- $10,036
- Filer's total
- $263,746
-
Timothy WallenTIMOTHY WALLEN
COO
- Total calculated
- $261,738
- From this org
- $221,491
- From related orgs
- $0
- Other
- $40,247
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $189,960
- Bonus
- $31,531
- Other
- $0
- Deferred
- $31,979
- Nontaxable benefits
- $8,268
- Filer's total
- $261,738
-
Judith WillisJUDITH WILLIS
VP HUMAN RESOURCES
- Total calculated
- $249,701
- From this org
- $211,921
- From related orgs
- $0
- Other
- $37,780
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $183,234
- Bonus
- $28,687
- Other
- $0
- Deferred
- $31,379
- Nontaxable benefits
- $6,401
- Filer's total
- $249,701
-
Kelley QuickKELLEY QUICK
VP RETIAL PAYMENT SYSTEMS
- Total calculated
- $229,644
- From this org
- $198,963
- From related orgs
- $0
- Other
- $30,681
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $173,704
- Bonus
- $25,259
- Other
- $0
- Deferred
- $20,734
- Nontaxable benefits
- $9,947
- Filer's total
- $229,644
-
Stephen BakkenSTEPHEN BAKKEN
VP COMMERCIAL LENDING
- Total calculated
- $216,271
- From this org
- $181,908
- From related orgs
- $0
- Other
- $34,363
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,158
- Bonus
- $24,750
- Other
- $0
- Deferred
- $26,947
- Nontaxable benefits
- $7,416
- Filer's total
- $216,271
-
Joshua MurphyJOSHUA MURPHY
VP RETAIL BANKING
- Total calculated
- $216,063
- From this org
- $179,843
- From related orgs
- $0
- Other
- $36,220
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,420
- Bonus
- $24,423
- Other
- $0
- Deferred
- $26,878
- Nontaxable benefits
- $9,342
- Filer's total
- $216,063
-
David JordanDAVID JORDAN
VP MORTGAGE LENDING
- Total calculated
- $208,326
- From this org
- $174,129
- From related orgs
- $0
- Other
- $34,197
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,534
- Bonus
- $23,595
- Other
- $0
- Deferred
- $25,889
- Nontaxable benefits
- $8,308
- Filer's total
- $208,326
-
Kayla NelsonKAYLA NELSON
MORTGAGE LOAN OFFICER
- Total calculated
- $360,209
- From this org
- $308,303
- From related orgs
- $0
- Other
- $51,906
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $308,303
- Bonus
- $0
- Other
- $0
- Deferred
- $44,531
- Nontaxable benefits
- $7,375
- Filer's total
- $360,209
-
Joseph HayhoeJOSEPH HAYHOE
MORTGAGE LOAN OFFICER
- Total calculated
- $246,312
- From this org
- $208,130
- From related orgs
- $0
- Other
- $38,182
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $208,130
- Bonus
- $0
- Other
- $0
- Deferred
- $31,194
- Nontaxable benefits
- $6,988
- Filer's total
- $246,312
-
Gary BrownGARY BROWN
DIRECTOR OF CONSUMER LOAN OPERATIONS
- Total calculated
- $205,494
- From this org
- $173,688
- From related orgs
- $0
- Other
- $31,806
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,943
- Bonus
- $22,745
- Other
- $0
- Deferred
- $25,563
- Nontaxable benefits
- $6,243
- Filer's total
- $205,494
-
Chris PunkeCHRIS PUNKE
VP DIGITAL SERVICES
- Total calculated
- $207,150
- From this org
- $173,027
- From related orgs
- $0
- Other
- $34,123
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,420
- Bonus
- $22,607
- Other
- $0
- Deferred
- $25,806
- Nontaxable benefits
- $8,317
- Filer's total
- $207,150
-
Chad BrewerCHAD BREWER
MORTGAGE LOAN OFFICER
- Total calculated
- $158,746
- From this org
- $133,891
- From related orgs
- $0
- Other
- $24,855
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $133,891
- Bonus
- $0
- Other
- $0
- Deferred
- $17,480
- Nontaxable benefits
- $7,375
- Filer's total
- $158,746
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 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 3
- THE ORGANIZATION HAS ESTABLISHED A COMPENSATION COMMITTEE THAT USES, ON AN ANNUAL BASIS, SURVEYS (CUNA AND CUES), WRITTEN EMPLOYMENT CONTRACTS AND APPROVAL BY THE BOARD TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S OFFICERS.
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
COMMUNITY CHOICE CREDIT UNION FOUNDATION
501(C)(3) · CHARITABLE GIVING TO 501(C)(3)ORGANIZATIONS · IA · controlled entity
Directly controlled by COMMUNITY CHOICE CREDIT UNION
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CAPITAL FINANCIAL SERVICE CORP
C · MORTGAGE LEGAL SERVICES · IA · 100% owned · share of income -$241,089 · share of assets $574,330 · controlled entity
Directly controlled by COMMUNITY CHOICE CREDIT UNION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333189349304063
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.