2024-11-07T10:34:12-06:00 2023-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 990 2023-01-01 840512667 CREDIT UNIONS CHARTERED IN THE STATE OF CO 240 COMMUNITY CHOICE CREDIT UNION CRED 3032878025 6921 EAST 72ND AVENUE COMMERCE CITY CO 80022 LORETTA THOMAS CFO 3032878025 2024-11-04 1 0 NANAZ BENYAMINI P00666808 3104773924 2024-11-04 2023 2024-10-15 13:58:12Z LORETTA THOMAS 6921 EAST 72ND AVENUE COMMERCE CITY CO 80022 4922275 0 X WWW.YOURBETTERBANKINGCHOICE.COM X 1952 CO TO PROMOTE THRIFT AND PROVIDE LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION. TO PROMOTE THRIFT AMONG MEMBERS BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE PAYMENTS ON SHARES AND MAKE LOANS FROM THESE SHARES TO ITS MEMBERS. 7 7 23 11 4144 0 0 0 3091867 3730499 547617 1053077 61771 138699 3701255 4922275 0 0 0 0 1739313 1768787 0 0 0 1654951 2160779 3394264 3929566 306991 992709 103995358 98890399 90497440 84468793 13497918 14421606 TO PROMOTE THRIFT AND PROVIDE LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION. TO PROMOTE THRIFT AMONG MEMBERS BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE PAYMENTS ON SHARES AND MAKE LOANS FROM THESE SHARES TO ITS MEMBERS. 0 0 PROVIDE A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES TO MEMBERS OF THE CREDIT UNION. OVER 6,900 MEMBERS SERVED. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1410 0 1 23 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X RAINY THOEN 3032878025 6921 EAST 72ND AVENUE COMMERCE CITY CO 80022 DEBRA LARSEN CHAIRPERSON 1.00 X X 0 0 0 DONALD MAY VICE-CHAIRPERSON 1.00 X X 0 0 0 KARL WHITE TREASURER 1.00 X X 0 0 0 JOE HOLEMAN SECRETARY 1.00 X X 0 0 0 JACK HAGAMAN DIRECTOR 1.00 X 0 0 0 DALE MINGILTON DIRECTOR 1.00 X 0 0 0 GEORGE LAST DIRECTOR 1.00 X 0 0 0 MICHELLE CRAFT CIO 50.00 X 119831 0 22774 RAINY THOEN CEO 55.00 X 303205 0 51027 LORETTA THOMAS CFO 50.00 X 120210 0 22786 KELI GINTER COO 50.00 X 131446 0 24014 674692 0 120601 4 0 1 0 0 INTEREST ON LOANS TO M 522100 2570705 2570705 OTHER INCOME 522100 703930 703930 FEES AND CHARGES 522100 455864 455864 3730499 987280 987280 65797 0 65797 65797 65797 OTHER NON INTEREST INC 522100 134555 134555 NON-MEMBER ATM FEES 522100 4144 4144 138699 4922275 4918131 4144 0 674692 691186 129464 163596 109849 11089 40541 8570 62477 699083 93399 46883 124235 INTEREST AND DIVIDENDS 746891 LOAN SERVICING EXPENSES 188020 MISCELLANEOUS OTHER EXP 89665 PROVISION FOR LOAN LOSS 40738 9188 3929566 1274952 1061226 10011461 9442741 1595948 42993395 45169461 220535 268841 2689610 1326891 1340156 1362719 42535253 35075713 15213 8685 5604393 4905065 103995358 98890399 1563325 3895680 88934115 80573113 90497440 84468793 X 0 0 1351917 1351917 12146001 13069689 13497918 14421606 103995358 98890399 992709 -69021 0 X 0 0 0 374899 374899 1923489 1096582 826907 391222 230309 160913 1362719 CERTIFICATES OF DEPOSIT 17099000 C MEMBERSHIP CAPITAL AT CORPORATE CREDIT UNIONS 381095 C HELD TO MATURITY DEBT SECURITIES 17359381 C OTHER INVESTMENTS 236237 C 35075713 MEMBER SHARE AND DEPOSIT ACCOUNTS 80573113 80573113 X X X X X 0 1 0 RAINY THOEN CEO 202114 0 81646 0 19445 0 30320 0 20707 0 354232 0 0 0 KELI GINTER COO 98654 0 28981 0 3811 0 13145 0 10869 0 155460 0 0 0 PART I, LINE 4B RAINY THOEN PARTICIPATES IN THE ORGANIZATION'S 457(F) PLAN, BUT DID NOT RECEIVE ANY PAYOUT DURING 2023. RAINY THOEN CEO SPLIT-DOLLAR LIFE INSURANCE X 1558364 1595948 0 1 1 1595948 FORM 990, PART VI, SECTION A, LINE 6 COMMUNITY CHOICE CREDIT UNION (THE CREDIT UNION) IS A MEMBER-OWNED FINANCIAL COOPERATIVE OPERATED FOR THE BENEFIT OF ITS MEMBERS. THE MEMBERSHIP CONSISTS OF THOSE EMPLOYED BY A MEMBER OF THE COMMERCE CITY BUSINESS AND PROFESSIONAL ASSOCIATION. PHYSICIANS, NURSES, MEDICAL STAFF, TECHNICIANS, EMPLOYEES, VOLUNTEERS AND OTHER PERSONS THAT WORK AT OR ARE EMPLOYED BY ANY HOSPITAL OR HOSPITAL OWNED MEDICAL CENTER OR CLINIC, MEDICAL PLAZA, REHABILITATION CENTER OR CLINIC, PSYCHIATRIC CENTER, OR HOSPICE CENTER, LOCATED IN THE COUNTIES OF ADAMS, ARAPAHOE, BOULDER, DENVER, DOUGLAS, AND JEFFERSON, IN THE STATE OF COLORADO ARE ELIGIBLE FOR MEMBERSHIP. EMPLOYEES OF FIRMS THAT MAINTAIN AN OFFICE AT THE ANTHEM BUILDING LOCATED AT 700 BROADWAY IN DENVER. IMMEDIATE FAMILY MEMBERS OF EXISTING COMMUNITY CHOICE CREDIT UNION MEMBERS ARE ELIGIBLE FOR MEMBERSHIP. THIS WILL INCLUDE FAMILY MEMBERS RELATED BY BLOOD, MARRIAGE, ADOPTION, OR TWO OR MORE PERSONS LIVING IN THE SAME RESIDENCE WHO MAINTAIN A SINGLE ECONOMY UNION. ANYONE EMPLOYED BY ONE OF OUR SELECT EMPLOYEE GROUPS. ANYONE WHO LIVES, WORKS, OR WORSHIPS IN MONTBELLO & COMMERCE CITY IS ELIGIBLE FOR MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ANNUALLY ELECT THE BOARD OF DIRECTORS TO SERVE FOR MULTIPLE-YEAR TERMS BY MAILING IN BALLOTS OR VOTING AT AN ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B VARIOUS DECISIONS MADE BY THE BOARD OF DIRECTORS FOR A CREDIT UNION ARE SUBJECT TO APPROVAL BY THE MEMBERS OF THE CREDIT UNION AS SET FORTH IN NCUA RULES AND REGULATIONS AND APPLICABLE STATE REGULATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER PRIOR TO FILING. THE CHIEF FINANCIAL OFFICER IS AUTHORIZED TO SIGN AND FILE THE RETURN. THE BOARD OF DIRECTORS DOES NOT REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE SECURITY MATRIX ON THE DATA PROCESSING SYSTEM PROHIBITS EMPLOYEES AND OFFICIALS FROM INITIATING TRANSACTIONS ON ALL ACCOUNTS LISTED ON THEIR CONFLICT OF INTEREST DISCLOSURE STATEMENT, WHICH IS UPDATED ANNUALLY. A WRITTEN ACKNOWLEDGMENT IS FILLED OUT EACH YEAR BY THE OFFICERS, DIRECTORS, AND EMPLOYEES WHICH COULD GIVE RISE TO POTENTIAL CONFLICTS WITHIN THE ORGANIZATION. ANY POTENTIAL ISSUES ARE DISCUSSED WITH THE KEY OFFICERS AND THOSE CHARGED WITH GOVERNANCE FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION OF THE CEO IS COMPLETED ANNUALLY AND INCLUDES A COMPARISON OF COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE POSITIONS. REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS AND IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ARE AVAILABLE FOR REVIEW UPON REQUEST AT THE CREDIT UNION. MONTHLY FINANCIAL STATEMENTS ARE AVAILABLE AND ON DISPLAY AT THE CREDIT UNION. QUARTERLY FINANCIAL DATA IS ACCESSIBLE TO THE PUBLIC AT WWW.NCUA.GOV.