2024-11-08T08:35:41-06:00 2023-12-31 421186197 GARDINER COMPANY PC 10555 NEW YORK AVENUE SUITE 200 DES MOINES IA 50322 990 2023-01-01 420778245 COMMUNITY CHOICE CREDIT UNION COMM 5153348100 PO BOX 1405 JOHNSTON IA 50131 JOSH COOK PRESIDENT/CEO 5153348100 2024-11-05 1 1 DENNIS GARDINER CPA P02167685 5152701446 2023 2024-10-15 13:58:12Z JOSH COOK PO BOX 1405 JOHNSTON IA 50131 50289947 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 9 231 0 44414 0 0 0 37638182 46676135 1434739 3595902 0 17910 39072921 50289947 0 0 0 0 15251121 15592485 0 0 0 18390809 27069597 33641930 42662082 5430991 7627865 797520469 805489909 713881135 714463686 83639334 91026223 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 42662082 46631721 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 12/31/2023 - 51,200 42662082 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 17748 0 1 231 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 740250 0 57888 BRIAN CURTIN CRO, EVP 40.00 X 300542 0 51250 ERIK SORENSEN CFO 40.00 X 236834 0 46790 TIMOTHY WALLEN COO 40.00 X 218696 0 230658 JEFFREY KLEIN CHOICE CREATIVE SOULTIONS CEO 40.00 X 204727 0 37405 ANGELA RICHARDS VP MARKETING 40.00 X 199650 0 30357 KELLY QUICK VP RETAIL PAYMENT SYSTEMS 40.00 X 199650 0 41490 CHRISTOPHER PUNKE VP DIGITAL EXPERIENCE 40.00 X 188511 0 38862 JOSHUA MURPHY VP RETAIL BANKING 40.00 X 186679 0 39515 DAVID JORDAN VP MORTGAGE LENDING 40.00 X 178483 0 36176 GARY BROWN DIRECTOR OF CONSUMER LOAN 40.00 X 169923 0 32305 KAYLA NELSON MORTGAGE LOAN OFFICER 40.00 X 182891 0 36140 SUSAN TINKER MORTGAGE LOAN OFFICER 40.00 X 157036 0 31457 JOSEPH HAYHOE MORTGAGE LOAN OFFICER 40.00 X 152889 0 30817 SAMUEL LEAHY MORTGAGE LOAN OFFICER 40.00 X 135155 0 15114 LESLIE ROTH NETWORK/IT OPERATIONS MANAGER 40.00 X 128914 0 26106 3580830 0 782330 16 0 1 0 0 LOAN INTEREST 522100 34633878 34633878 CUSTOMER SERVICE FEES 522100 12042257 11997843 44414 46676135 3595902 3595902 17910 17910 17910 50289947 46631721 44414 3613812 4363160 4363160 8535400 8535400 841086 841086 1058099 1058099 794740 794740 375108 375108 70071 70071 573525 573525 398419 398419 2467396 2467396 2303456 2303456 1759533 1759533 132135 132135 340385 340385 6853059 6853059 129698 129698 666395 666395 157197 157197 CREDIT/DEBIT CARD EXPEN 4359955 4359955 PROVISION FOR LOAN LOSS 3313405 3313405 MISCELLANEOUS EXPENSE 1982889 1982889 LOAN EXPENSE 1186971 1186971 42662082 42662082 0 0 53580747 44166374 648516175 656205881 2147855 5325229 32971158 13059838 17017375 19911320 24914376 27817967 51343941 52063138 797520469 805489909 8255740 7843964 24000000 35000000 681625395 671619722 713881135 714463686 X 0 0 25685884 26901884 57953450 64124339 83639334 91026223 797520469 805489909 X 7627865 280640 -521616 X X 0 1 X 1 0 4918116 4918116 14259605 6238282 8021323 12328 9844 2484 13373180 6811712 6561468 407929 407929 19911320 NCUSIF DEPOSIT 6759720 ACCRUED INTEREST RECEIVABLE 1918519 OTHER ASSETS 21679922 457 PLANS 17427146 RIGHT OF USE LEASE ASSET 4277831 52063138 MEMBERS' SHARES AND SAVINGS ACCOUNTS 666518891 RIGHT OF USE LEASE LIABILITY 4277831 NON-MEMBER DEPOSITS 823000 671619722 X 50289947 0 50289947 0 50289947 42662082 0 42662082 0 42662082 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. X X X X 0 0 0 JOSHUA COOK CEO 567000 0 173250 0 0 0 47000 0 10888 0 798138 0 0 0 TIMOTHY WALLEN COO 186298 0 32398 0 0 0 221952 0 8706 0 449354 0 0 0 BRIAN CURTIN CRO, EVP 255831 0 44711 0 0 0 44543 0 6707 0 351792 0 0 0 ERIK SORENSEN CFO 202085 0 34749 0 0 0 35218 0 11572 0 283624 0 0 0 JEFFREY KLEIN CHOICE CREATIVE SOULTIONS CEO 204727 0 0 0 0 0 30709 0 6696 0 242132 0 0 0 KELLY QUICK VP RETAIL PAYMENT SYSTEMS 172425 0 27225 0 0 0 29947 0 11543 0 241140 0 0 0 ANGELA RICHARDS VP MARKETING 172425 0 27225 0 0 0 28586 0 1771 0 230007 0 0 0 CHRISTOPHER PUNKE VP DIGITAL EXPERIENCE 164999 0 23512 0 0 0 28277 0 10585 0 227373 0 0 0 JOSHUA MURPHY VP RETAIL BANKING 161308 0 25371 0 0 0 28002 0 11513 0 226194 0 0 0 KAYLA NELSON MORTGAGE LOAN OFFICER 182891 0 0 0 0 0 27434 0 8706 0 219031 0 0 0 DAVID JORDAN VP MORTGAGE LENDING 154063 0 24420 0 0 0 26772 0 9404 0 214659 0 0 0 GARY BROWN DIRECTOR OF CONSUMER LOAN 146575 0 23348 0 0 0 25489 0 6816 0 202228 0 0 0 SUSAN TINKER MORTGAGE LOAN OFFICER 157036 0 0 0 0 0 23555 0 7902 0 188493 0 0 0 JOSEPH HAYHOE MORTGAGE LOAN OFFICER 152889 0 0 0 0 0 22933 0 7884 0 183706 0 0 0 LESLIE ROTH NETWORK/IT OPERATIONS MANAGER 116607 0 12307 0 0 0 19421 0 6685 0 155020 0 0 0 SAMUEL LEAHY MORTGAGE LOAN OFFICER 135155 0 0 0 0 0 8073 0 7041 0 150269 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: CUMULATIVE CHANGE IN ACCOUNTING PRINCIPLE -521,616. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE AND MANAGEMENT DOES A PERIODIC REVIEW 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 -253997 546937 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 2758 PV