2024-05-10T15:48:31-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2023-01-01 410191495 CITY & COUNTY CREDIT UNION CITY 6512252700 144 11TH ST E SAINT PAUL MN 55101 PATRICK PIERCE PRESIDENT 6512252700 2024-05-09 1 PATRICK PIERCE 999009999 0 TANYA MEDGAARDEN P01717240 5074347000 2024-05-01 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z PATRICK PIERCE 144 11TH ST E SAINT PAUL MN 55101 73090200 0 X WWW.CCCU.COM X CU 1928 MN TO PROVIDE AFFORDABLE FINANCIAL SERVICES 8 8 0 0 64089 1705 0 0 31627446 40685547 8044658 12658028 0 0 39672104 53343575 0 0 3122169 8013649 13697772 15750040 0 0 0 17494065 22605280 34314006 46368969 5358098 6974606 1208523580 1234462832 1136227605 1148998460 72295975 85464372 TO CONDUCT THE ORDINARY AND NECESSARY BUSINESS OF A CREDIT UNION INVOLVING THE RECEIVING OF SAVINGS OF MEMBERS AND LENDING MONEY TO MEMBERS FOR PROVIDENT PURPOSES. 0 0 THE CREDIT UNION PROVIDED LOANS OF $211 MILLION TO 13,318 MEMBERS. THE CREDIT UNION PROVIDES DEPOSIT ACCOUNTS TO 62,170 MEMBERS. THE CREDIT UNION PAID INTEREST AND DIVIDENDS OF $8M ON THESE ACCOUNTS. THE CREDIT UNION PROVIDED LOW COST CHECKING AND RELATED SERVICES TO 40,950 MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 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 22059 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X MELISSA SETTEM 6512252709 144 11TH STREET EAST ST PAUL MN 55101 HEIDI WOLF BOARD MEMBER 1.00 X 1831 0 0 JOE MATTHEWS BOARD MEMBER 1.00 X 1727 0 0 LOU BRUNO BOARD MEMBER 1.50 X 2795 0 0 NICOLE BATES BOARD MEMBER 0.50 X 728 0 0 SHANNON CUNNINGHAM BOARD MEMBER 1.00 X 1858 0 0 HANS MOLENAAR BOARD MEMBER 1.00 X 1328 0 0 AXEL HENRY BOARD MEMBER 0.50 X 735 0 0 CHAD KERLIN BOARD MEMBER 0.50 X 683 0 0 PATRICK PIERCE PRESIDENT 40.00 X 915572 0 34234 ERIC MELLENTHIN VP INFORMATION TECHNOLOGY 40.00 X 302580 0 33730 MARC KILGORE SVP INFORMATION TECHNOLOGY 40.00 X 301201 0 30328 MELISSA SETTEM VP ACCOUNTING & FINANCE 40.00 X 165053 0 28665 THOMAS COULTER EVP OPERATIONS 40.00 X 259717 0 33337 STEVEN GALARNEAU VP INVESTMENTS 40.00 X 167965 0 19730 BAILEY GERMAIN VP MARKETING 40.00 X 126523 0 23294 MARDELL LUTGEN VP MEMBER EXPERIENCE 40.00 X 134893 0 18391 ROBIN DOWNING VP HUMAN RESOURCES 40.00 X 148734 0 8802 DANIELLE KONRAD-ARTHUR VP COMPLIANCE 40.00 X 158593 0 18104 DAVID OLSON DIRECTOR OF IT & SECURITY 40.00 X 269337 0 33181 JENNY LYNCH DIRECTOR ELECTRONIC SERVICES 40.00 X 123453 0 26516 ANNE SMITH BUSINESS SERVICES MANAGER 40.00 X 105179 0 23758 TIMOTHY TREMBLEY DIRECTOR MORTGAGE SERVICES 40.00 X 129831 0 22028 JOSEPH NEWMASTER INFRASTRUCTURE MANAGER 40.00 X 144132 0 8363 3464448 0 362461 15 0 1 0 CONNECT FINANCIAL LLC 64 EAST 6400 SOUTH MURRAY UT 84107 SOFTWARE DEVELOPMENT 470772 CLEAN CUT OUTDOOR SERVICES 2330 LEIBEL ST SUITE 105 WHITE BEAR TOWNSHIP MN 55110 SNOW REMOVAL AND LAWN CARE 209658 2 INTEREST ON LOANS 522100 32902271 32902271 OTHER FEES 524298 4763016 4731618 31398 CHECKING/ATM FEES 522100 3020260 2987569 32691 40685547 11810322 11810322 20127961 466370 19211405 535220 916556 -68850 847706 847706 53343575 40621458 64089 12658028 8013649 2941132 9041700 1281490 1607819 877899 52082 171559 3645800 2118369 367325 3574941 1690925 PROFESSIONAL AND OUTSID 4708044 EDUCATIONAL AND PROMOTI 2193131 LOAN SERVICING EXPENSE 2054021 CREDIT LOSS EXPENSE 1341373 687710 46368969 8210275 7244600 77096171 89291252 2363920 9019339 667858051 722230052 2333016 2238220 46186728 26888124 19670624 19298604 356805707 309699905 28847410 29049451 45338406 46391409 1208523580 1234462832 12666866 13390496 54010000 101000000 1069550739 1034607964 1136227605 1148998460 X 0 0 0 0 72295975 85464372 72295975 85464372 1208523580 1234462832 X 6974606 7591842 -1398051 X X 0 1 X 1 0 5428621 5428621 19163841 8416159 10747682 21594266 18471965 3122301 19298604 MEMBER SHARES 1015855750 NONMEMBER DEPOSITS 18701832 ALLOWANCE FOR CREDIT LOSSES ON OFF-BALANCE SHEET CREDIT EXPOSURES 50382 1034607964 X 55153280 1809705 1809705 53343575 0 53343575 48178674 1809705 1809705 46368969 0 46368969 PART X, LINE 2: PART X: THE CREDIT UNION IS EXEMPT, UNDER IRC 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE AS UNRELATED BUSINESS INCOME. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2023 AND 2022. THE CREDIT UNION'S 2020 AND SUBSEQUENT TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: ROUNDING -1. LOSS ON SALE OF ASSETS 68,850. LOSS ON SALE OF INVESTMENTS 460,784. LOSS ON SALE OF CUSO 1,280,072. PART XII, LINE 2D - OTHER ADJUSTMENTS: ROUNDING -1. LOSS ON SALE OF ASSETS 68,850. LOSS ON SALE OF INVESTMENTS 460,784. LOSS ON SALE OF CUSO 1,280,072. X X 0 1 0 PATRICK PIERCE PRESIDENT 577575 0 287186 0 50811 0 15200 0 19034 0 949806 0 0 0 ERIC MELLENTHIN VP INFORMATION TECHNOLOGY 276193 0 20992 0 5395 0 13736 0 19994 0 336310 0 0 0 MARC KILGORE SVP INFORMATION TECHNOLOGY 87769 0 210866 0 2566 0 13064 0 17264 0 331529 0 0 0 DAVID OLSON DIRECTOR OF IT & SECURITY 246479 0 18038 0 4820 0 12437 0 20744 0 302518 0 0 0 THOMAS COULTER EVP OPERATIONS 227641 0 11383 0 20693 0 12343 0 20994 0 293054 0 0 0 MELISSA SETTEM VP ACCOUNTING & FINANCE 150339 0 11898 0 2816 0 8671 0 19994 0 193718 0 0 0 STEVEN GALARNEAU VP INVESTMENTS 158488 0 7128 0 2349 0 8602 0 11128 0 187695 0 0 0 DANIELLE KONRAD-ARTHUR VP COMPLIANCE 135188 0 5610 0 17795 0 8140 0 9964 0 176697 0 0 0 ROBIN DOWNING VP HUMAN RESOURCES 140302 0 6088 0 2344 0 7614 0 1188 0 157536 0 0 0 MARDELL LUTGEN VP MEMBER EXPERIENCE 128933 0 5960 0 0 0 7400 0 10991 0 153284 0 0 0 JOSEPH NEWMASTER INFRASTRUCTURE MANAGER 135093 0 9039 0 0 0 7194 0 1169 0 152495 0 0 0 TIMOTHY TREMBLEY DIRECTOR MORTGAGE SERVICES 122837 0 5432 0 1562 0 10222 0 11806 0 151859 0 0 0 PART I, LINE 4B PATRICK PIERCE - PARTICIPATED IN NON-QUALIFIED PLAN THOMAS COULTER - PARTICIPATED IN NON-QUALIFIED PLAN ERIC MELLENTHIN - PARTICIPATED IN NON-QUALIFIED PLAN MELISSA SETTEM - PARTICIPATED IN NON-QUALIFIED PLAN FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF 62,170 MEMBER-OWNERS, EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP, GOVERNANCE AND VOTING RIGHTS AT THE ANNUAL MEETINGS, WITH THE EXCEPTION OF THE MEMBER-OWNERS WHO ARE ELECTED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER-OWNERS OF THE CREDIT UNION HAVE THE AUTHORITY TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE FOR THREE-YEAR TERMS ON A ROTATING BASIS. CANDIDATES ARE ELECTED BY A SIMPLE PLURALITY VOTE. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGES TO THE ENTITY'S BYLAWS NEED TO BE APPROVED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE VP ACCOUNTING & FINANCE ASSISTS IN PREPARATION THROUGH DATA GATHERING AND PERFORMS A REVIEW OF THE FORM 990 PRIOR TO FILING. THE REVIEW INCLUDES COMPARING REPORTED AMOUNTS TO UNDERLYING SCHEDULES AND OTHER SUPPORTING DOCUMENTS. FORM 990, PART VI, SECTION B, LINE 12C THERE IS A STATEMENT ON EVERY BOARD MEETING AGENDA REQUIRING BOARD MEMBERS TO DISCLOSE ANY CONFLICT OF INTEREST REGARDING THAT MONTH'S AGENDA ITEMS. BOARD MEMBERS WITH A CONFLICT WILL RECUSE THEMSELVES FROM VOTING ON OR PARTICIPATING IN THE DISCUSSION OF ITEMS IN QUESTION. FORM 990, PART VI, SECTION B, LINE 15 SALARY RANGES FOR EVERY POSITION ARE REVIEWED AND APPROVED BY THE BOARD EACH YEAR IN THE ANNUAL BUDGET. CCCU USES A THIRD PARTY, BALANCED COMP, TO ASSIST MANAGEMENT IN MONITORING INDUSTRY TRENDS AND RECOMMENDS CHANGES AS NEEDED. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE POSTED AT EACH LOCATION MONTHLY. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE LOSS -659,906. EQUITY ACQUIRED IN MERGER 0. CECL ADOPTION -738,145. ROUNDING FORM 990, PART XII, LINE 2C AUDIT OVERSIGHT - THE SUPERVISORY COMMITTEE OVERSEES THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.