2025-05-14T16:34:35-07:00 2024-12-31 990 2024-01-01 560172675 STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA STAT 8286481515 3 Academy Street Canton NC 28716 Brittainy Crawford Chief Financial Officer 8286481515 2025-05-14 1 2024 2025-03-06 01:10:19Z CHAMPION CREDIT UNION Timothy Jake Robinson 3 Academy Street Canton NC 28716 32581818 0 X www.championcu.com X 1932 NC State chartered credit union providing financial services to our 36,379 members. 9 9 137 11 0 0 0 0 28858984 32581818 0 0 0 0 28858984 32581818 0 0 3534766 5520477 8483601 9736277 0 0 0 11586119 14069167 23604486 29325921 5254498 3255897 557154718 549564417 499994513 489477676 57160205 60086741 State chartered credit union mutually owned by our 36,379 members to promote deposits, issue shares and maintain accounts, and make loans to our members. Funds not needed for liquidity or for loans are temporarily invested. 0 0 29325921 0 32581818 State chartered credit union mutually owned by our 36,379 members to promote deposits, issue shares and maintain accounts, and make loans to our members. Funds not needed for liquidity or for loans are temporarily invested. 0 0 0 29325921 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9904 0 137 1 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 1 1 1 1 1 0 NC X Timothy Jake Robinson 8286481515 3 Academy Street Canton NC 28716 Timothy Robinson President/CEO 40 0 X 481556 0 54032 Brittainy Crawford CFO 40 0 X 240943 0 52678 Marcus Trull Director of Organizational Strategy 40 0 X 140534 0 34789 Melanie Mooney Director of HR 40 0 X 149975 0 23595 Barbara Pinter Director of Lending 40 0 X 132152 0 37365 Lorinda Whaley Director of Member Experience 40 0 X 127751 0 31648 Christopher Wells Market Executive 40 0 X 130172 0 20476 Bryan Trantham Chairperson 1 0 X 0 0 0 Mike Arnott Vice Chairperson 1 0 X 0 0 0 Andrew Francis Treasurer 1 0 X 0 0 0 Stephany Semones Secretary 1 0 X 0 0 0 Greg Boothroyd Board Member 1 0 X 0 0 0 Ron Mills Board Member 1 0 X 0 0 0 Howard Taylor Board Member 1 0 X 0 0 0 Dean Pressley Board Member 1 0 X 0 0 0 Gary Hollifield Board Member 1 0 X 0 0 0 Matthew Lehman Board Member 1 0 X 0 0 0 1403083 0 254583 12 0 1 0 Technology Happens LLC PO Box 40193 Memphis TN 381740193 Technology Services 436155 The Van Winkle Law Firm PO Box 7376 Asheville NC 28802 Legal Services 152982 Boyd L Hyder 6 Ivywood Road Weaverville NC 28787 Leased Facilities 142404 3 0 Interest on Loans to Members 522130 24497833 24497833 0 0 Investment Income 522130 3862211 3862211 0 0 Fee Income 522130 4772065 4772065 0 0 Other Operating Income 522130 -550291 -550291 0 0 0 0 0 0 32581818 0 0 0 0 0 32581818 32581818 0 0 0 0 0 5520477 800943 0 6691280 403392 1303709 536953 0 143804 71412 0 0 0 0 727975 962786 3038494 0 975376 72288 0 74374 2004874 0 856645 43928 Loan Servicing 2162120 Provision for Credit Losses 1765948 Office Operations 254029 Operating Fees 97762 817352 29325921 0 0 0 5448423 6061851 47632721 69293255 0 0 0 0 0 0 0 0 436750052 412741702 0 0 1239409 792179 34219945 6517959 16465633 27701986 38118837 22905962 0 0 3823770 3308679 3573981 2528737 4101892 4230066 557154718 549564417 7800562 6126411 0 0 0 0 0 0 541384 835759 0 45000000 30000000 0 0 446652567 452515506 499994513 489477676 X 0 0 0 0 57160205 60086741 57160205 60086741 557154718 549564417 3255897 -329361 0 0 0 0 X 0 1 X 1 0 0 1 X 0 2741426 2741426 0 23943189 2113273 21829916 0 2908575 1227839 1680736 0 4626755 3176847 1449908 0 0 0 0 27701986 0 Member Deposits 452515506 452515506 X Schedule D, Part IV, Line 2b The credit union maintains escrow accounts on members' first mortgage loans as a service to members. These accounts are funded on a monthly basis by the members. The proceeds are used to pay the property taxes and insurance on the real estate property securing the first mortgage. Schedule D, Part X, Line 2 The Credit Union is exempt from most federal, state, and local income taxes under the provisions of the Internal Revenue Code (IRC) and state tax laws. However, IRC Section 511 imposes a tax on the unrelated business income derived by state-chartered credit unions. Generally, these taxes are insignificant to the Credit Union. X X X 0 0 0 Timothy Robinson President/CEO 262189 0 217492 0 1875 0 0 0 54032 0 535588 0 0 0 Brittainy Crawford CFO 183676 0 50152 0 7115 0 0 0 52678 0 293621 0 0 0 Marcus Trull Director of Organizational Strategy 119944 0 19242 0 1348 0 0 0 34789 0 175323 0 0 0 Melanie Mooney Director of HR 125760 0 20657 0 3558 0 0 0 23594 0 173569 0 0 0 Barbara Pinter Director of Lending 111670 0 18912 0 1569 0 0 0 37365 0 169516 0 0 0 Lorinda Whaley Director of Member Experience 108650 0 18912 0 189 0 0 0 31648 0 159399 0 0 0 Christopher Wells Market Executive 111971 0 16369 0 1832 0 0 0 20476 0 150648 0 0 0 Form 990, Part VI, Section A, Line 6 The credit union's bylaws call for an annual election of directors by the members. Each member is entitled to one vote irrespective of the number of shares/deposits at the credit union. Form 990, Part VI, Section A, Line 7a The credit union's bylaws call for an annual election of directors by the members. Each member is entitled to one vote irrespective of the number of shares/deposits at the credit union. The candidates for director are nominated by a nominating committee appointed by the Board of Directors. The directors are elected by ballot election and results are reported at an annual meeting called for in the bylaws. Form 990, Part VI, Section B, Line 11b The Form 990 was completed and reviewed by management. The Form 990 is made available to board members after filing, upon request. Form 990, Part VI, Section B, Line 12c The conflict of interest policy is included in the Employee HR Handbook. All employees are required to review the handbook on an annual basis. The Board of Directors oversee the policies included in the Employee HR Handbook. In addition, board members sign a Code of Ethics and Conduct Statement which addresses conflicts of interest. Form 990, Part VI, Section B, Line 15 The Board of Directors approve compensation for the President/CEO annually based on a compensation survey of credit unions of comparable size and job classifications, job performance, and other factors. Compensation for top management (other than the President/CEO) is approved by the President/CEO based on a compensation survey of credit unions of comparable size and job classifications, employee performance evaluations, and other factors. The overall compensation plan for the credit union, including the compensation for the President/CEO and management, is reviewed and approved by the Board of Directors annually. Form 990, Part VI, Section C, Line 19 Written copies of policies and procedures are provided to members upon request with the approval of the Board of Directors. Monthly financial statements are posted in the credit union branch lobbies for members to review. The annual report for the credit union is provided to all members at the annual meeting.