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Nonprofiteer
← CITY & COUNTY CREDIT UNION

Form 990 for tax year 2024

Filed by CITY & COUNTY CREDIT UNION.

Totals

Total revenue
$56,581,355
Total expenses
$53,345,942
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$45,031,447
Investment income
$11,533,408
Other revenue
$16,500
Total assets, end of year
$1,190,819,726
Total liabilities, end of year
$1,103,973,179
Net assets or fund balances, end of year
$86,846,547
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 $36,884,914 · related or exempt $36,884,914

  • 2b · Program service revenue: OTHER FEES

    total $4,991,678 · related or exempt $4,965,955 · unrelated business $25,723

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

    total $3,154,855 · related or exempt $3,118,175 · unrelated business $36,680

  • 3 · Investment income

    total $13,513,525 · excluded $13,513,525

  • 7a · Gross sales of assets other than inventory

    other assets $902,499

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

    other assets $2,882,616

  • 7c · Gain or loss

    other assets -$1,980,117

  • 7d · Net gain or loss

    total -$1,980,117 · excluded -$1,980,117

  • 11a · Other revenue: NON-INTEREST INCOME

    total $16,500 · related or exempt $16,500

  • 11e · Other revenue, total

    $16,500

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $10,986,977

  • 5 · Compensation of officers, directors and key employees

    total $3,092,673

  • 7 · Other salaries and wages

    total $9,985,952

  • 8 · Pension plan contributions

    total $1,566,329

  • 9 · Other employee benefits

    total $1,518,561

  • 10 · Payroll taxes

    total $1,014,707

  • 11b · Fees: legal

    total $69,838

  • 11c · Fees: accounting

    total $149,962

  • 11g · Fees: other

    total $5,167,805

  • 13 · Office expenses

    total $3,934,259

  • 16 · Occupancy

    total $1,976,405

  • 17 · Travel

    total $375,861

  • 20 · Interest

    total $4,529,043

  • 22 · Depreciation, depletion and amortization

    total $1,697,599

  • 23 · Insurance

    total $44,367

  • 24a · Other expenses: LOAN SERVICING EXPENSE

    total $2,535,478

  • 24b · Other expenses: EDUCATIONAL AND PROMOTI

    total $2,347,069

  • 24c · Other expenses: CREDIT LOSS EXPENSE

    total $1,841,782

  • 24d · Other expenses: MISCELLANEOUS OPERATING

    total $455,743

  • 24e · All other expenses

    total $55,532

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,244,600 · end of year $6,975,718

  • 2 · Savings and temporary cash investments

    beginning of year $89,291,252 · end of year $152,911,625

  • 4 · Accounts receivable

    beginning of year $9,019,339 · end of year $3,277,160

  • 7 · Other notes and loans receivable

    beginning of year $722,230,052 · end of year $680,023,736

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,238,220 · end of year $2,620,275

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

    $46,831,051

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

    $28,306,900

  • 10c · Land, buildings and equipment, net

    beginning of year $19,298,604 · end of year $18,524,151

  • 11 · Investments: publicly traded securities

    beginning of year $309,699,905 · end of year $254,920,543

  • 13 · Investments: program-related

    beginning of year $29,049,451 · end of year $27,988,518

  • 15 · Other assets

    beginning of year $46,391,409 · end of year $43,578,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,390,496 · end of year $10,506,631

  • 23 · Secured mortgages and notes payable

    beginning of year $101,000,000 · end of year $87,000,000

  • 25 · Other liabilities

    beginning of year $1,034,607,964 · end of year $1,006,466,548

  • 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 $85,464,372 · end of year $86,846,547

Mission and programs · 2024

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 $122 MILLION TO 10,888 MEMBERS.

  • THE CREDIT UNION PROVIDES DEPOSIT ACCOUNTS TO 62,095 MEMBERS. THE CREDIT UNION PAID INTEREST AND DIVIDENDS OF $11M ON THESE ACCOUNTS.

  • THE CREDIT UNION PROVIDED LOW COST CHECKING AND RELATED SERVICES TO 41,055 MEMBERS.

As filed on the 2024 return.

Listed in Part VII

  • Lou Bruno

    BOARD MEMBER

    Total calculated
    $4,956
    From this org
    $4,956
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Heidi Wolf

    BOARD MEMBER

    Total calculated
    $2,172
    From this org
    $2,172
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Nicole Bates

    BOARD MEMBER

    Total calculated
    $1,902
    From this org
    $1,902
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Hans Molenaar

    BOARD MEMBER

    Total calculated
    $1,792
    From this org
    $1,792
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Joe Matthews

    BOARD MEMBER

    Total calculated
    $1,540
    From this org
    $1,540
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Axel Henry

    BOARD MEMBER

    Total calculated
    $1,248
    From this org
    $1,248
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Shannon Cunningham

    BOARD MEMBER

    Total calculated
    $709
    From this org
    $709
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Chad Kerlin

    BOARD MEMBER

    Total calculated
    $688
    From this org
    $688
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Patrick Pierce

    PRESIDENT/CEO

    Total calculated
    $727,344
    From this org
    $693,580
    From related orgs
    $0
    Other
    $33,764
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $602,878
    Bonus
    $39,224
    Other
    $51,478
    Deferred
    $15,800
    Nontaxable benefits
    $17,964
    Filer's total
    $727,344

  • Eric Mellenthin

    VP INFORMATION TECHNOLOGY

    Total calculated
    $519,204
    From this org
    $484,065
    From related orgs
    $0
    Other
    $35,139
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $292,053
    Bonus
    $184,593
    Other
    $7,419
    Deferred
    $14,295
    Nontaxable benefits
    $20,844
    Filer's total
    $519,204

  • Thomas Coulter

    EVP OPERATIONS

    Total calculated
    $324,280
    From this org
    $289,015
    From related orgs
    $0
    Other
    $35,265
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $258,994
    Bonus
    $13,872
    Other
    $16,149
    Deferred
    $13,421
    Nontaxable benefits
    $21,844
    Filer's total
    $324,280

  • David Olson

    DIRECTOR OF IT & SECURITY

    Total calculated
    $314,503
    From this org
    $280,296
    From related orgs
    $0
    Other
    $34,207
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,051
    Bonus
    $19,291
    Other
    $5,954
    Deferred
    $12,663
    Nontaxable benefits
    $21,544
    Filer's total
    $314,503

  • Marc Kilgore

    SVP PROJECT MGMT & IMPROVEMENT

    Total calculated
    $279,250
    From this org
    $252,418
    From related orgs
    $0
    Other
    $26,832
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,195
    Bonus
    $11,144
    Other
    $20,079
    Deferred
    $11,738
    Nontaxable benefits
    $15,094
    Filer's total
    $279,250

  • Melissa Settem

    VP ACCOUNTING & FINANCE

    Total calculated
    $219,440
    From this org
    $189,492
    From related orgs
    $0
    Other
    $29,948
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,024
    Bonus
    $14,245
    Other
    $3,223
    Deferred
    $9,104
    Nontaxable benefits
    $20,844
    Filer's total
    $219,440

  • Danielle Konrad-Arthur

    VP COMPLIANCE & RISK MGMT

    Total calculated
    $202,374
    From this org
    $182,382
    From related orgs
    $0
    Other
    $19,992
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,451
    Bonus
    $7,024
    Other
    $19,907
    Deferred
    $8,932
    Nontaxable benefits
    $11,060
    Filer's total
    $202,374

  • Robin Downing

    VP HUMAN RESOURCES

    Total calculated
    $170,164
    From this org
    $160,975
    From related orgs
    $0
    Other
    $9,189
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,140
    Bonus
    $6,488
    Other
    $3,347
    Deferred
    $7,965
    Nontaxable benefits
    $1,224
    Filer's total
    $170,164

  • Mardell Lutgen

    VP MEMBER EXPERIENCE

    Total calculated
    $164,594
    From this org
    $145,248
    From related orgs
    $0
    Other
    $19,346
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,666
    Bonus
    $6,180
    Other
    $8,402
    Deferred
    $7,620
    Nontaxable benefits
    $11,726
    Filer's total
    $164,594

  • Bailey Germain

    VP BRAND & RETAIL EXPERIENCE

    Total calculated
    $156,513
    From this org
    $131,049
    From related orgs
    $0
    Other
    $25,464
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,885
    Bonus
    $6,104
    Other
    $60
    Deferred
    $7,087
    Nontaxable benefits
    $18,377
    Filer's total
    $156,513

  • Keith Yarbrough

    CORE SYSTEMS ANALYST

    Total calculated
    $162,584
    From this org
    $144,922
    From related orgs
    $0
    Other
    $17,662
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,913
    Bonus
    $6,050
    Other
    $959
    Deferred
    $7,048
    Nontaxable benefits
    $10,614
    Filer's total
    $162,584

  • Timothy Trembley

    DIRECTOR MORTGAGE SERVICES

    Total calculated
    $162,195
    From this org
    $142,198
    From related orgs
    $0
    Other
    $19,997
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,879
    Bonus
    $5,393
    Other
    $2,926
    Deferred
    $7,590
    Nontaxable benefits
    $12,407
    Filer's total
    $162,195

  • Joseph Newmaster

    INFRASTRUCTURE MANAGER

    Total calculated
    $159,630
    From this org
    $144,727
    From related orgs
    $0
    Other
    $14,903
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,543
    Bonus
    $10,164
    Other
    $20
    Deferred
    $7,611
    Nontaxable benefits
    $7,292
    Filer's total
    $159,630

  • Jenny Lynch

    DIRECTOR ELECTRONIC SERVIC

    Total calculated
    $159,463
    From this org
    $132,416
    From related orgs
    $0
    Other
    $27,047
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,093
    Bonus
    $9,952
    Other
    $2,371
    Deferred
    $7,354
    Nontaxable benefits
    $19,693
    Filer's total
    $159,463

  • Anne Smith

    BUSINESS SERVICES MANAGER

    Total calculated
    $146,693
    From this org
    $120,538
    From related orgs
    $0
    Other
    $26,155
    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, 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 · Independent compensation consultant
  • 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 4B
PATRICK PIERCE - PARTICIPATED IN NON-QUALIFIED PLAN THOMAS COULTER - PARTICIPATED IN NON-QUALIFIED PLAN ERIC MELLENTHIN - PARTICIPATED IN NON-QUALIFIED PLAN - RECEIVED DEFERRED COMP PAYMENT - $160,000 MELISSA SETTEM - PARTICIPATED IN NON-QUALIFIED PLAN BAILEY GERMAIN - PARTICIPATED IN NON-QUALIFIED PLAN ROBIN DOWNING - PARTICIPATED IN NON-QUALIFIED PLAN DANIELLE ARTHER - 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
2024
Filed
28 April 2025
IRS schema version
2024v5.1
Source object
202501189349302510

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