CHRISTIAN COMMUNITY CREDIT UNION

EIN: 951981100

SAN DIMAS, CA

Total Revenue
$40,118,309
Total Expenses
$34,963,102
Total Assets
$850,313,437
Net Assets
$106,564,900
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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
CA
Principal Officer
BLAIR KORSCHUN
Phone
8003472228
Tax Period
2023-01-01 to 2023-12-31

CHRISTIAN COMMUNITY CREDIT UNION, founded in 1957, is a mid-sized nonprofit that reported $40.1M in total revenue in fiscal year 2023. Expenses of $35.0M left a modest 13% surplus.

Mission

THE MISSION OF CHRISTIAN COMMUNITY CREDIT UNION IS TO SERVE CHRIST FOLLOWERS TO LIVE AND GIVE MORE ABUNDANTLY.

Program Service Accomplishments

Program 1

CHRISTIAN COMMUNITY CREDIT UNION (THE CREDIT UNION) OFFERS A FULL RANGE OF BANKING SERVICES TO ITS MEMBERS, BOTH RETAIL AND MINISTRY. AS OF 12/31/23, OUR MEMBERS HAD $737,800,762 ON DEPOSIT IN...

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CHRISTIAN COMMUNITY CREDIT UNION (THE CREDIT UNION) OFFERS A FULL RANGE OF BANKING SERVICES TO ITS MEMBERS, BOTH RETAIL AND MINISTRY. AS OF 12/31/23, OUR MEMBERS HAD $737,800,762 ON DEPOSIT IN INSURED ACCOUNTS IN THE CREDIT UNION. THE CREDIT UNION HAD $94,867,374 IN SAVINGS ACCOUNTS, $231,529,764 IN CHECKING ACCOUNTS, $190,395,107 IN MONEY MARKET, AND $221,008,517 IN CERTIFICATES OF DEPOSIT AND IRAS. THE COST OF FUNDS AT YEAR-END ON THESE ACCOUNTS WAS 1.16%. THE CREDIT UNION BEGAN THE YEAR WITH 29,379 MEMBERS AND ENDED THE YEAR WITH 30,732 MEMBERS FOR AN INCREASE OF 1,353. THE CREDIT UNION HAD 28,643 IN INDIVIDUAL ACCOUNTS AND 2,089 IN MINISTRY & BUSINESS ACCOUNTS AT YEAR-END.

Program 2

CHRISTIAN COMMUNITY CREDIT UNION (THE CREDIT UNION) EXISTS TO PROVIDE LOANS TO ITS MEMBERS AT RATES AND TERMS NOT AVAILABLE TO OUR FIELD OF MEMBERSHIP THROUGH BANKS OR OTHER FINANCIAL INSTITUTIONS...

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CHRISTIAN COMMUNITY CREDIT UNION (THE CREDIT UNION) EXISTS TO PROVIDE LOANS TO ITS MEMBERS AT RATES AND TERMS NOT AVAILABLE TO OUR FIELD OF MEMBERSHIP THROUGH BANKS OR OTHER FINANCIAL INSTITUTIONS. THE LARGEST PORTION OF OUR RETAIL LOAN PORTFOLIO IS MADE UP OF FIRST TRUST DEED LOANS. THE CREDIT UNION HAD $268,815,983 IN RETAIL FIRST TRUST DEED LOANS AS OF 12/31/23. THEY REPRESENT 38% OF OUR LOAN PORTFOLIO AND 32% OF OUR TOTAL ASSETS. THE AVERAGE YIELD ON THESE LOANS WAS 3.38%.

Program 3

CHRISTIAN COMMUNITY CREDIT UNION'S (THE CREDIT UNION) FIELD OF MEMBERSHIP INCLUDES MANY CHURCHES AND MINISTRIES. THE CREDIT UNION PROVIDES LOANS TO THESE MEMBERS TO BUY, BUILD, OR RENOVATE REAL...

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CHRISTIAN COMMUNITY CREDIT UNION'S (THE CREDIT UNION) FIELD OF MEMBERSHIP INCLUDES MANY CHURCHES AND MINISTRIES. THE CREDIT UNION PROVIDES LOANS TO THESE MEMBERS TO BUY, BUILD, OR RENOVATE REAL PROPERTY AT RATES AND TERMS NOT AVAILABLE TO THEM THROUGH BANKS OR OTHER FINANCIAL INSTITUTIONS. THE LARGEST PORTION OF OUR MINISTRY LOAN PORTFOLIO IS MADE UP OF FIRST TRUST DEED LOANS. THE CREDIT UNION HAD $297,424,551 IN OUTSTANDING FIRST TRUST DEED LOANS TO CHURCHES AND MINISTRIES AS OF 12/31/23. THEY REPRESENT 42% OF OUR LOAN PORTFOLIO AND 35% OF OUR TOTAL ASSETS. THE YIELD ON THESE LOANS WAS 4.14%.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $33,944,170
Investment Income $6,174,139
Other Revenue $0
TOTAL REVENUE $40,118,309

Expense Breakdown

Grants Paid $278,041
Salaries & Benefits $14,906,410
Fundraising Expenses $0
Other Expenses $19,778,651
TOTAL EXPENSES $34,963,102

Year-over-Year Comparison

2023 2022 Change
Revenue $40,118,309 $38,274,101 +0.0%
Expenses $34,963,102 $29,725,533 +0.2%
Net Income $5,155,207 $8,548,568 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
5
Employees
136
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$2,065,837
Total Directors
7
$1,033,855
Key Employees
4
$1,655,181
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STUART BLAIR KORSCHUN PRESIDENT/CEO 40.00
Officer Director
$918,286 $87,804 $1,006,090
MICHAEL PATE FORMER VICE CHAIR 1.00
Officer Director
$4,834 $0 $4,834
MARK BARGAEHR DIRECTOR 1.00
Director
$1,846 $0 $1,846
DALE TORRY CHAIR 1.00
Officer Director
$5,629 $0 $5,629
JEFF SALLADIN VICE CHAIR 1.00
Officer Director
$5,023 $0 $5,023
DOROTHY KIM TREASURER 1.00
Officer Director
$5,739 $0 $5,739
RICK BEE SECRETARY 1.00
Officer Director
$4,694 $0 $4,694
MARJORIE HUGHES EVP/COO 40.00
Officer
$508,653 $51,597 $560,250
JASON THOMAS SVP/CFO 40.00
Officer
$391,417 $82,161 $473,578
DAVID SOUTH SVP/HUMAN RESOURCES 40.00
Key Emp
$407,543 $46,031 $453,574
MICHAEL POIRIER SVP/CLO 40.00
Key Emp
$368,262 $70,659 $438,921
AARON CAID SVP/CMO 40.00
Key Emp
$330,742 $77,539 $408,281
JOHN SILVIS SVP/CTO 40.00
Key Emp
$289,076 $65,329 $354,405
TIM LAWRENCE VP/MDG GROUP, SALES 40.00
Highest
$221,031 $53,407 $274,438
CHARLANDA ALLEN VP/SALES & SERVICE 40.00
Highest
$168,420 $44,047 $212,467
HAMID SAMADOFF VP/ACCOUNTING 40.00
Highest
$161,155 $41,679 $202,834
DONNA ESSE VP/ELECTRONIC SERVICES 40.00
Highest
$168,525 $23,203 $191,728
RONA FORD VP/MDG OPERATIONS 40.00
Highest
$164,891 $25,189 $190,080
JOHN WALLING FORMER CEO 0.00
$154,899 $0 $154,899
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $40,118,309 $34,963,102 $850,313,437 $5,155,207
2022 $38,274,101 $29,725,533 $880,133,266 $8,548,568
2021 $28,670,725 $27,823,294 $862,846,782 $847,431
2020 $29,147,112 $26,466,800 $802,306,584 $2,680,312
2019 $31,832,851 $27,108,792 $694,332,444 $4,724,059
2018 $30,577,661 $25,165,706 $656,919,996 $5,411,955
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