Overview
What is Christian Community Credit Union?
Christian Community Credit Union is a nonprofit financial institution, based at 255 N Lone Hill Avenue in San Dimas, California, serving members primarily consisting of Christians. As of December 31, 2022, the credit union had accumulated $772.9 million in insured deposits. Their extensive range of banking services includes savings and checking accounts, money market funds, and certificates of deposit, totaling $109.4 million, $236.9 million, $233 million, and $193.6 million, respectively. The cost of funds for these accounts was 0.5% at the end of the year. The credit union commenced the year with 28,762 members and concluded it with 29,379, marking an increase of 617. They catered to 27,464 individual accounts and 1,915 ministry accounts at year-end. The credit union operates with a mission to foster savings, offer loans at reasonable rates, and provide additional financial services to its members, ultimately enabling its Christian community to live and give more abundantly.
Official website here: www.mycccu.com
Is Christian Community Credit Union legitimate?
Christian Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Christian Community Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $3,285,495
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,711,237
For more financial information, click here
Official website here: www.mycccu.com
What is the mission statement of Christian Community Credit Union?
The Christian Community Credit Union operates with the primary goal of encouraging savings and providing affordable credit to its members, in addition to offering various financial services. The mission of this credit union goes beyond financial matters, as it strives to serve Christ followers and help them live more abundantly. With over $772 million in deposits in insured accounts as of December 31, 2022, the credit union offers a wide range of banking services including savings accounts, checking accounts, money market accounts, and certificates of deposit and IRAs. The cost of funds for these accounts was at 0.5% that year. The credit union grew from 28,762 to 29,379 members during the year, with 27,464 individual accounts and 1,915 ministry accounts.
Official website here: www.mycccu.com
Who is the CEO of Christian Community Credit Union?
Blair Korschun is the Principal Officer of Christian Community Credit Union. The CEO's salary of Christian Community Credit Union is $157,838 and their total compensation is $157,838.
Official website here: www.mycccu.com
What is the revenue of Christian Community Credit Union?
Christian Community Credit Union's revenue in 2022 was $38,274,101.
Official website here: www.mycccu.com
Who are the executives of Christian Community Credit Union and what are their salaries?
The average compensation at Christian Community Credit Union during 2022 was $70,400. There are 142 employees and 9 volunteers at Christian Community Credit Union.
Here are 19 key members and their salaries (Christian Community Credit Union's CEO's salary is $157,838 and their total compensation is $157,838):
- Stuart Blair Korschun (President/Ceo) [Trustee/Director]
- Marjorie Hughes (Evp/Coo)
- Jason Thomas (Svp/Cfo)
- Michael Poirier (Svp/Ministry Lending)
- David South (Svp/Human Resources)
- Aaron Caid (Svp/Cmo)
- John Silvis (Svp/Cto)
- Tim Lawrence (Vp/Mdg Operations)
- Jeremiah Brown (Sr. Mdo)
- Charlanda Allen (Avp/Risk Management)
- Hamid Samadoff (Vp/Accounting)
- Donna Esse (Vp/Electronic Services)
- John Walling (Former Ceo)
- Mark Bargaehr (Director)
- Dale Torry (Chair) [Trustee/Director]
- Rick Bee (Secretary) [Trustee/Director]
- Dorothy Kim (Director)
- Michael Pate (Vice Chair) [Trustee/Director]
- Cathy Barrett (Former Treasurer) [Trustee/Director]
Official website here: www.mycccu.com
Where can I find the form 990 for Christian Community Credit Union?
The Christian Community Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.mycccu.com
Learn more at the official website: www.mycccu.com
Mission Statement of Christian Community Credit Union
Christian Community Credit Union, a financially thriving institution, is dedicated to serving its Christ-following members by promoting thrift, providing affordable credit, and offering a variety of financial services. The heart of this organization lies in its mission to help members live and give more abundantly.
With over $772 million in deposits, the credit union's financial resources enable it to cater to the banking needs of its expanding membership base. This includes offering savings, checking, money market, certificates of deposit, and Individual Retirement Accounts (IRAs). The cost of funds for these accounts remained low at 0.5% throughout the year.
The credit union's commitment to its members extends beyond basic financial services. In 2022, it welcomed an additional 617 members, bringing its total membership to 29,379. Of these, 27,464 were individual accounts, and 1,915 were ministry accounts. The credit union's growth underscores its success in fulfilling its mission, which is to positively impact the financial lives of its Christ-centered members.
Christian Community Credit Union's impact transcends the purely financial realm. By offering its members a chance to save, invest, and access credit at reasonable rates, it empowers them to build a stronger financial future. In doing so, it aligns with its mission to serve its members and contribute to their overall well-being.
Impact
This information is meant to be a general summary of Christian Community Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Christian Community Credit Union's impact can be seen in its mission to serve Christ followers to live and give more abundantly. By offering a full range of banking services to its members, including both retail and ministry accounts, the credit union helps promote thrift, provide credit at reasonable rates, and offer other financial services. As of the latest report, members had over $772 million on deposit in insured accounts, demonstrating the trust and confidence they place in the credit union. With a growing membership of over 29,000 individuals and ministries, Christian Community Credit Union continues to make a positive impact by supporting the financial needs of its community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$24,200,366
INTERCHANGE INCOME
Revenue
$3,061,387
FEE INCOME
Revenue
$1,237,126
LOAN SERVICES
Revenue
$1,005,345
MISCELLANEOUS INCOME
Revenue
$274,620
Organization Details
Founding Year
1957
Phone
(800) 347-2228
Principal Officer
Blair Korschun
Main Address
255 N LONE HILL AVENUE, SAN DIMAS, CA, 917732308
Website
www.mycccu.com
NTEE Category
Code: W60 - Public benefit
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