2023-11-14T09:34:26-06:00 2022-12-31 421186197 GARDINER COMPANY PC 10555 NEW YORK AVENUE SUITE 200 DES MOINES IA 50322 990 2022-01-01 420778245 COMMUNITY CHOICE CREDIT UNION COMM 5153348100 PO BOX 1405 JOHNSTON IA 50131 JOSH COOK PRESIDENT/CEO 5153348100 2023-11-13 1 JOSH COOK XXX-XX-XXXX 0 DENNIS GARDINER CPA P02167685 5152701446 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOSH COOK PO BOX 1405 JOHNSTON IA 50131 39887869 0 X WWW.COMCHOICECU.ORG X 1953 IA 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. 9 9 217 0 56703 0 0 0 37094921 37638182 1726384 1434739 0 0 38821305 39072921 0 0 0 0 14429670 15251121 0 0 0 16649117 18390809 31078787 33641930 7742518 5430991 742389004 797520469 663514419 713881135 78874585 83639334 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. 0 0 33641930 37581479 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 33641930 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 16378 0 1 217 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 1 1 0 X JOSH COOK 5153348100 PO BOX 1405 JOHNSTON IA 50131 RANDY DICKEY BOARD CHAIR 0.50 X X 0 0 0 JOE YAMEN VICE CHAIR 0.50 X X 0 0 0 MIKEL KOSCHMEDER BOARD CFO 0.50 X X 0 0 0 THOMAS MCENTEE BOARD SECRETARY 0.50 X X 0 0 0 KEN ZINKULA AUDIT COMMITTEE CHAIR 0.50 X 0 0 0 DEB DEGRAFF BOARD MEMBER 0.50 X 0 0 0 BRIAN FARRELL BOARD MEMBER 0.50 X 0 0 0 BRENNA FINNERTY BOARD MEMBER 0.50 X 0 0 0 SARA KUROVSKI BOARD MEMBER 0.50 X 0 0 0 JOSHUA COOK CEO 40.00 X 689403 0 28281 BRIAN CURTIN CLO 40.00 X 293566 0 49829 ERIK SORENSEN CFO 40.00 X 220722 0 43024 TIMOTHY WALLEN COO 40.00 X 221491 0 40247 JUDITH WILLIS VP HUMAN RESOURCES 40.00 X 211921 0 37780 KELLEY QUICK VP RETIAL PAYMENT SYSTEMS 40.00 X 198963 0 30681 STEPHEN BAKKEN VP COMMERCIAL LENDING 40.00 X 181908 0 34363 JOSHUA MURPHY VP RETAIL BANKING 40.00 X 179843 0 36220 DAVID JORDAN VP MORTGAGE LENDING 40.00 X 174129 0 34197 KAYLA NELSON MORTGAGE LOAN OFFICER 40.00 X 308303 0 51906 JOSEPH HAYHOE MORTGAGE LOAN OFFICER 40.00 X 208130 0 38182 GARY BROWN DIRECTOR OF CONSUMER LOAN OPERATIONS 40.00 X 173688 0 31806 CHRIS PUNKE VP DIGITAL SERVICES 40.00 X 173027 0 34123 CHAD BREWER MORTGAGE LOAN OFFICER 40.00 X 133891 0 24855 3368985 0 515494 14 0 1 0 0 LOAN INTEREST 522100 26709038 26709038 CUSTOMER SERVICE FEES 522100 10929144 10872441 56703 37638182 2249687 2249687 814948 -814948 -814948 -814948 39072921 37581479 56703 1434739 3884479 3884479 8387824 8387824 1202270 1202270 950671 950671 825877 825877 163571 163571 56788 56788 590973 590973 332766 332766 2413380 2413380 345369 345369 1747836 1747836 486494 486494 1993627 1993627 96622 96622 583907 583907 173672 173672 CREDIT/DEBIT CARD EXPEN 3561096 3561096 MISCELLANEOUS EXPENSE 3282631 3282631 PROVISION FOR LOAN LOSS 1400000 1400000 LOAN EXPENSE 1162077 1162077 33641930 33641930 0 0 102633924 53580747 557106625 648516175 8496129 2147855 29045245 12027870 16366484 17017375 19193261 24914376 38592581 51343941 742389004 797520469 11578026 8255740 4000000 24000000 647936393 681625395 663514419 713881135 X 0 0 23148884 25685884 55725701 57953450 78874585 83639334 742389004 797520469 X 5430991 -666242 X X 0 1 X 1 0 4985127 4985127 14036205 5868657 8167548 12328 7714 4614 8572716 6151499 2421217 1438869 1438869 17017375 NCUSIF DEPOSIT 6739045 ACCRUED INTEREST RECEIVABLE 1597056 OTHER ASSETS 21922547 457 PLANS 17341590 RIGHT OF USE LEASE ASSET 3743703 51343941 MEMBERS' SHARES AND SAVINGS ACCOUNTS 677881692 RIGHT OF USE LEASE LIABILITY 3743703 681625395 X 39887869 0 39887869 -814948 -814948 39072921 34456878 0 34456878 -814948 -814948 33641930 PART X, LINE 2: IN ACCORDANCE WITH ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES UNDER THE INCOME TAXES TOPIC OF THE FASB ASC THE CREDIT UNION RECOGNIZES ANY UNCERTAIN TAX BENEFITS IF SUCH BENEFITS ARE A RESULT OF A TAX POSITION THAT IS MORE LIKELY THAN NOT SUSTAINABLE UPON EXAMINATION BY FEDERAL OR STATE TAX AUTHORITIES. WHEN AN UNCERTAIN BENEFIT IS DETERMINED TO BE MORE LIKELY THAN NOT SUSTAINED, THE CREDIT UNION VALUES THE POSITION, FOR FINANCIAL STATEMENT PURPOSES, OF THE LARGEST AMOUNT OF THE TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON RESOLUTION OF THE BENEFIT. FOR ANY TAX POSITIONS TAKEN THAT DO NOT MEET THE MORE LIKELY THAN NOT CRITERIA, THE CREDIT UNION ESTABLISHES A TAX RESERVE FOR 100% OF THE POSITION TAKEN. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON INVESTMENT HOLDINGS -814,948. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON INVESTMENT HOLDINGS -814,948. X X X X 0 0 0 JOSHUA COOK CEO 526383 0 163020 0 0 0 18300 0 9981 0 717684 0 0 0 KAYLA NELSON MORTGAGE LOAN OFFICER 308303 0 0 0 0 0 44531 0 7375 0 360209 0 0 0 BRIAN CURTIN CLO 251186 0 42380 0 0 0 42878 0 6951 0 343395 0 0 0 ERIK SORENSEN CFO 187627 0 33095 0 0 0 32988 0 10036 0 263746 0 0 0 TIMOTHY WALLEN COO 189960 0 31531 0 0 0 31979 0 8268 0 261738 0 0 0 JUDITH WILLIS VP HUMAN RESOURCES 183234 0 28687 0 0 0 31379 0 6401 0 249701 0 0 0 JOSEPH HAYHOE MORTGAGE LOAN OFFICER 208130 0 0 0 0 0 31194 0 6988 0 246312 0 0 0 KELLEY QUICK VP RETIAL PAYMENT SYSTEMS 173704 0 25259 0 0 0 20734 0 9947 0 229644 0 0 0 STEPHEN BAKKEN VP COMMERCIAL LENDING 157158 0 24750 0 0 0 26947 0 7416 0 216271 0 0 0 JOSHUA MURPHY VP RETAIL BANKING 155420 0 24423 0 0 0 26878 0 9342 0 216063 0 0 0 DAVID JORDAN VP MORTGAGE LENDING 150534 0 23595 0 0 0 25889 0 8308 0 208326 0 0 0 CHRIS PUNKE VP DIGITAL SERVICES 150420 0 22607 0 0 0 25806 0 8317 0 207150 0 0 0 GARY BROWN DIRECTOR OF CONSUMER LOAN OPERATIONS 150943 0 22745 0 0 0 25563 0 6243 0 205494 0 0 0 CHAD BREWER MORTGAGE LOAN OFFICER 133891 0 0 0 0 0 17480 0 7375 0 158746 0 0 0 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. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS SUPPORTED BY MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERSHIP ELECTS THE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S BOARD OF DIRECTORS DO NOT REVIEW THE FORM 990 PRIOR TO ITS FILING. HOWEVER, THE CEO AND CFO REVIEWS THE FORM 990. FORM 990, PART VI, SECTION B, LINE 15 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. FORM 990, PART VI, SECTION C, LINE 19 THE BUDGET REPORTS ARE POSTED AT EACH BRANCH. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON AVAILABLE FOR SALE DEBT SECURITIES -666,242. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE AND MANAGEMENT DOES A PERIODIC REIVEW OF THE SELECTION OF AUDITORS. COMMUNITY CHOICE CREDIT UNION FOUNDATION 6163 NW 86TH ST STE 105 JOHNSTON IA 50131 474414322 CHARITABLE GIVING TO 501(C)(3)ORGANIZATIONS IA 501(C)(3) LINE 11 COMMUNITY CHOICE CREDIT UNION 1 CAPITAL FINANCIAL SERVICE CORP 700 EAST LYON STREET DES MOINES IA 50309 421391964 MORTGAGE LEGAL SERVICES IA COMMUNITY CHOICE CREDIT UNION C -241089 574330 1.00000 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CAPITAL FINACIAL SERVICE CORP A 36000 FMV CAPITAL FINACIAL SERVICE CORP D 3861 PV