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Nonprofit · EIN 95-1981100

CREDIT UNIONS IN THE STATE OF CALIFORNIA

Also known as ADELFI CREDIT UNION

Tax-exempt · SAN DIMAS, CA 91773

Financials

$40.1M$35M2023$42.7M$40.1M2024
Revenue Expenses · by fiscal year end
Financials of CREDIT UNIONS IN THE STATE OF CALIFORNIA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$42,678,422$40,058,540$2,619,882$839,469,965$729,327,383$110,142,582
December 31, 2023990$40,118,309$34,963,102$5,155,207$850,313,437$743,748,537$106,564,900
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$38,595,587
Investment income
$4,082,835
Net gain from sales of assets
-$17,987
Other revenue
$0

Expenses

Grants and similar amounts paid
$268,246
Compensation of officers, directors and key employees
$3,872,503
Other salaries and wages
$6,412,329
Salaries, compensation and benefits (total)
$15,358,938
Professional fundraising fees
$0
Legal fees
$136,248
Accounting fees
$300,000
Occupancy
$380,844
Travel
$318,419
Depreciation
$310,263

Balance sheet and other

Total assets, start of year
$850,313,437
Total assets, end of year
$839,469,965
Total liabilities, end of year
$729,327,383
Net assets, end of year
$110,142,582
Land, buildings and equipment
$5,110,834
Gross unrelated business income
$116,182
Gross receipts
$42,696,409
Employees
125
Volunteers
10
Year formed
1957
State of legal domicile
CA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
STUART BLAIR KORSCHUNPRESIDENT/CEO
Trustee or director, Officer
40$990,653$88,238
MARJORIE HUGHESEVP/COO
Officer
40$487,531$58,129
JASON THOMASSVP/CFO
Officer
40$415,007$91,652
MICHAEL POIRIERSVP/CLO
Key employee
40$381,551$73,242
DAVID SOUTHSVP/HUMAN RESOURCES
Key employee
40$374,362$71,023
AARON CAIDSVP/CMO
Key employee
40$333,027$88,744
JOHN SILVISSVP/CTO
Key employee
40$310,927$70,364
TIMOTHY LAWRENCEVP/MDG SALES
Highest-paid employee
40$197,754$65,324
CHARLANDA ALLENVP/SALES & SERVICE
Highest-paid employee
40$170,801$47,063
SANDRA AGUIRREVP/HUMAN RESOURCES
Highest-paid employee
40$163,118$48,641
HAMID SAMADOFFVP/ACCOUNTING
Highest-paid employee
40$166,448$44,698
RONA FORDVP/MDG OPERATIONS
Highest-paid employee
40$168,017$26,416
JOHN WALLINGFORMER CEO
Former
0$165,618$0
RICK BEESECRETARY
Trustee or director, Officer
1$8,617$0
MARK BARGAEHRDIRECTOR
Trustee or director
1$8,216$0
3 more people on this return
NameTitleHours / weekCompensation
DOROTHY KIMTREASURER
Trustee or director, Officer
1$7,377
JEFF SALLADINVICE CHAIR
Trustee or director, Officer
1$6,929
DALE TORRYCHAIR
Trustee or director, Officer
1$6,912
990 for the year ended December 31, 2023: 19 people
NameTitleHours / weekCompensationOther / benefits
STUART BLAIR KORSCHUNPRESIDENT/CEO
Trustee or director, Officer
40$918,286$87,804
MARJORIE HUGHESEVP/COO
Officer
40$508,653$51,597
JASON THOMASSVP/CFO
Officer
40$391,417$82,161
DAVID SOUTHSVP/HUMAN RESOURCES
Key employee
40$407,543$46,031
MICHAEL POIRIERSVP/CLO
Key employee
40$368,262$70,659
AARON CAIDSVP/CMO
Key employee
40$330,742$77,539
JOHN SILVISSVP/CTO
Key employee
40$289,076$65,329
TIM LAWRENCEVP/MDG GROUP, SALES
Highest-paid employee
40$221,031$53,407
CHARLANDA ALLENVP/SALES & SERVICE
Highest-paid employee
40$168,420$44,047
HAMID SAMADOFFVP/ACCOUNTING
Highest-paid employee
40$161,155$41,679
DONNA ESSEVP/ELECTRONIC SERVICES
Highest-paid employee
40$168,525$23,203
RONA FORDVP/MDG OPERATIONS
Highest-paid employee
40$164,891$25,189
JOHN WALLINGFORMER CEO
Former
0$154,899$0
DOROTHY KIMTREASURER
Trustee or director, Officer
1$5,739$0
DALE TORRYCHAIR
Trustee or director, Officer
1$5,629$0
JEFF SALLADINVICE CHAIR
Trustee or director, Officer
1$5,023$0
MICHAEL PATEFORMER VICE CHAIR
Trustee or director, Officer
1$4,834$0
RICK BEESECRETARY
Trustee or director, Officer
1$4,694$0
MARK BARGAEHRDIRECTOR
Trustee or director
1$1,846$0

Address and contacts

Address (IRS master file)
255 N LONE HILL AVE, SAN DIMAS, CA 91773-2308
In care of
% STAN WAHL
Principal officer (990 for 2024)
BLAIR KORSCHUN, 255 N LONE HILL AVENUE, SAN DIMAS, CA 917732308
Signed the 990
JASON THOMAS, SVP/CFO
Phone
(800) 347-2228
Return prepared by
RSM US LLP

California records

California keeps its own records of charities and corporations. Search them by EIN 95-1981100 or by the name CREDIT UNIONS IN THE STATE OF CALIFORNIA.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

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

990 for the year ended December 31, 2024

Program accomplishments

  • CHRISTIAN COMMUNITY CREDIT UNION (THE CREDIT UNION) OFFERS A FULL RANGE OF BANKING SERVICES TO ITS MEMBERS, BOTH RETAIL AND MINISTRY. AS OF 12/31/24, OUR MEMBERS HAD $723,516,888 ON DEPOSIT IN INSURED ACCOUNTS IN THE CREDIT UNION. THE CREDIT UNION HAD $95,259,372 IN SAVINGS ACCOUNTS, $223,193,261 IN CHECKING ACCOUNTS, $153,342,017 IN MONEY MARKET, AND $251,722,238 IN CERTIFICATES OF DEPOSIT AND IRAS. THE COST OF FUNDS AT YEAR-END ON THESE ACCOUNTS WAS 1.55%. THE CREDIT UNION BEGAN THE YEAR WITH 30,732 MEMBERS AND ENDED THE YEAR WITH 31,737 MEMBERS FOR AN INCREASE OF 1,005. THE CREDIT UNION HAD 29,490 IN INDIVIDUAL ACCOUNTS AND 2,247 IN MINISTRY & BUSINESS ACCOUNTS AT YEAR-END.
  • 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 $256,229,969 IN RETAIL FIRST TRUST DEED LOANS AS OF 12/31/24. THEY REPRESENT 35% OF OUR LOAN PORTFOLIO AND 31% OF OUR TOTAL ASSETS. THE AVERAGE YIELD ON THESE LOANS WAS 3.46%.
  • 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 $310,705,917 IN OUTSTANDING FIRST TRUST DEED LOANS TO CHURCHES AND MINISTRIES AS OF 12/31/24. THEY REPRESENT 43% OF OUR LOAN PORTFOLIO AND 37% OF OUR TOTAL ASSETS. THE YIELD ON THESE LOANS WAS 4.50%.
  • CREDIT UNION CONSUMER LENDING: THE CREDIT UNION HAS $63,409,039 IN VEHICLES LOANS, $23,619,388 IN CREDIT CARD ACCOUNTS AND $5,264,923 IN STUDENT LOANS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
95-1981100
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1961
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$839,469,965
Income (IRS master file)
$42,696,409

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$42,678,422$40,058,540$839,469,965XML
990December 2023$40,118,309$34,963,102$850,313,437XML
990December 2022$38,274,101$29,725,533$880,133,266IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 95-1981100).

Questions about CREDIT UNIONS IN THE STATE OF CALIFORNIA

What is the EIN of CREDIT UNIONS IN THE STATE OF CALIFORNIA?
The employer identification number (EIN) of CREDIT UNIONS IN THE STATE OF CALIFORNIA is 95-1981100.
Is CREDIT UNIONS IN THE STATE OF CALIFORNIA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1961.
Are donations to CREDIT UNIONS IN THE STATE OF CALIFORNIA tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does CREDIT UNIONS IN THE STATE OF CALIFORNIA file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CREDIT UNIONS IN THE STATE OF CALIFORNIA due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CREDIT UNIONS IN THE STATE OF CALIFORNIA last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CREDIT UNIONS IN THE STATE OF CALIFORNIA?
The 990 for the year ended December 31, 2024 names BLAIR KORSCHUN.
Who are the officers and directors of CREDIT UNIONS IN THE STATE OF CALIFORNIA?
The 990 for the year ended December 31, 2024 lists 18 people; 18 received compensation from the organization, the highest $990,653 (STUART BLAIR KORSCHUN, PRESIDENT/CEO).
How much revenue does CREDIT UNIONS IN THE STATE OF CALIFORNIA have?
On its 990 for the year ended December 31, 2024 it reported revenue of $42,678,422, expenses of $40,058,540 and total assets of $839,469,965 at year end.

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