Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST FROM MEMBERS

  total $17,434,631 · related or exempt $17,434,631

• 2b · Program service revenue: FEES & CHARGES

  total $4,017,089 · related or exempt $4,015,677 · unrelated business $1,412

• 2c · Program service revenue: OTHER OPERATING INCOME

  total $2,097,687 · related or exempt $2,084,011 · unrelated business $13,676

• 2d · Program service revenue: INTERCHANGE INCOME

  total $917,262 · related or exempt $917,262

• 2e · Program service revenue: LOAN SERVICING INCOME

  total $343,099 · related or exempt $343,099

• 3 · Investment income

  total $1,795,262 · excluded $1,795,262

• 6a · Gross rents

  real property $1,028,604

• 6b · Less rental expenses

  real property $704,721

• 6c · Rental income or loss

  real property $323,883

• 6d · Net rental income or loss

  total $323,883 · excluded $323,883

• 7a · Gross sales of assets other than inventory

  other assets $458

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

  other assets $0

• 7c · Gain or loss

  other assets $458

• 7d · Net gain or loss

  total $458 · excluded $458

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $365,465

• 4 · Benefits paid to or for members

  total $2,741,512

• 5 · Compensation of officers, directors and key employees

  total $1,486,588

• 7 · Other salaries and wages

  total $7,332,805

• 8 · Pension plan contributions

  total $173,546

• 9 · Other employee benefits

  total $642,876

• 10 · Payroll taxes

  total $657,371

• 11b · Fees: legal

  total $90,406

• 11c · Fees: accounting

  total $117,438

• 11g · Fees: other

  total $756,231

• 12 · Advertising and promotion

  total $978,081

• 13 · Office expenses

  total $188,661

• 14 · Information technology

  total $951,843

• 16 · Occupancy

  total $423,821

• 17 · Travel

  total $228,979

• 19 · Conferences, conventions and meetings

  total $14,475

• 20 · Interest

  total $384,739

• 22 · Depreciation, depletion and amortization

  total $579,575

• 23 · Insurance

  total $138,689

• 24a · Other expenses: CORE SYSTEM EXPENSE

  total $871,635

• 24b · Other expenses: VISA AND CHECK EXPENSES

  total $691,169

• 24c · Other expenses: MISCELLANEOUS

  total $475,879

• 24d · Other expenses: LOAN SERVICING

  total $427,845

• 24e · All other expenses

  total $441,335

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $567,151 · end of year $541,398

• 2 · Savings and temporary cash investments

  beginning of year $78,588,118 · end of year $58,085,061

• 4 · Accounts receivable

  beginning of year $1,135,018 · end of year $1,780,855

• 5 · Loans and receivables from officers and key people

  beginning of year $5,027,421 · end of year $5,043,545

• 7 · Other notes and loans receivable

  beginning of year $365,919,388 · end of year $440,550,236

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,047,447 · end of year $1,254,859

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

  $23,403,562

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

  $9,708,096

• 10c · Land, buildings and equipment, net

  beginning of year $14,279,727 · end of year $13,695,466

• 11 · Investments: publicly traded securities

  beginning of year $88,153,383 · end of year $61,954,926

• 12 · Investments: other securities

  beginning of year $35,035,262 · end of year $17,035,313

• 15 · Other assets

  beginning of year $21,199,781 · end of year $21,900,657

• 17 · Accounts payable and accrued expenses

  beginning of year $3,342,822 · end of year $4,656,480

• 19 · Deferred revenue

  beginning of year $1,146,969 · end of year $1,219,345

• 23 · Secured mortgages and notes payable

  beginning of year $17,750,000 · end of year $21,000,000

• 25 · Other liabilities

  beginning of year $539,400,194 · end of year $551,758,210

• 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 $49,312,711 · end of year $43,208,281

The filer's explanations (Part III)

PART I, LINE 4B

THE CREDIT UNION ADOPTED A 457(F) EXECUTIVE RETIREMENT PLAN WHICH PROVIDES BENEFITS TO DESIGNATED EXECUTIVES. THERE WERE NO DISTRIBUTIONS OR CONTRIBUTIONS DURING 2022. THE CREDIT UNION ENTERED INTO SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENTS WITH CERTAIN EXECUTIVE EMPLOYEES DURING 2022, WHEREBY THE CREDIT UNION FUNDS THE PREMIUM PAYMENTS ON THE UNDERLYING INSURANCE POLICIES AND THE SENIOR EXECUTIVE OFFICER IN TURN COLLATERALLY ASSIGNS THE POLICY TO THE CREDIT UNION.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• ACCU FINANCIAL LLC

  HOLDING COMPANY · CA · income $0 · assets $422,959

  Directly controlled by AMERICA'S CHRISTIAN CREDIT UNION

• SHARETEK LLC

  CUSO ORGANIZATION CREATED TO FACILITATE HEALTH CARE SHARING · CA · income $574,956 · assets $379,337

  Directly controlled by ACCU FINANCIAL LLC