Nonprofit · EIN 95-1981100
CREDIT UNIONS IN THE STATE OF CALIFORNIA
Also known as ADELFI CREDIT UNION
Tax-exempt · SAN DIMAS, CA 91773
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $42,678,422 | $40,058,540 | $2,619,882 | $839,469,965 | $729,327,383 | $110,142,582 |
| December 31, 2023 | 990 | $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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STUART BLAIR KORSCHUN | PRESIDENT/CEO Trustee or director, Officer | 40 | $990,653 | $88,238 |
| MARJORIE HUGHES | EVP/COO Officer | 40 | $487,531 | $58,129 |
| JASON THOMAS | SVP/CFO Officer | 40 | $415,007 | $91,652 |
| MICHAEL POIRIER | SVP/CLO Key employee | 40 | $381,551 | $73,242 |
| DAVID SOUTH | SVP/HUMAN RESOURCES Key employee | 40 | $374,362 | $71,023 |
| AARON CAID | SVP/CMO Key employee | 40 | $333,027 | $88,744 |
| JOHN SILVIS | SVP/CTO Key employee | 40 | $310,927 | $70,364 |
| TIMOTHY LAWRENCE | VP/MDG SALES Highest-paid employee | 40 | $197,754 | $65,324 |
| CHARLANDA ALLEN | VP/SALES & SERVICE Highest-paid employee | 40 | $170,801 | $47,063 |
| SANDRA AGUIRRE | VP/HUMAN RESOURCES Highest-paid employee | 40 | $163,118 | $48,641 |
| HAMID SAMADOFF | VP/ACCOUNTING Highest-paid employee | 40 | $166,448 | $44,698 |
| RONA FORD | VP/MDG OPERATIONS Highest-paid employee | 40 | $168,017 | $26,416 |
| JOHN WALLING | FORMER CEO Former | 0 | $165,618 | $0 |
| RICK BEE | SECRETARY Trustee or director, Officer | 1 | $8,617 | $0 |
| MARK BARGAEHR | DIRECTOR Trustee or director | 1 | $8,216 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOROTHY KIM | TREASURER Trustee or director, Officer | 1 | $7,377 |
| JEFF SALLADIN | VICE CHAIR Trustee or director, Officer | 1 | $6,929 |
| DALE TORRY | CHAIR Trustee or director, Officer | 1 | $6,912 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STUART BLAIR KORSCHUN | PRESIDENT/CEO Trustee or director, Officer | 40 | $918,286 | $87,804 |
| MARJORIE HUGHES | EVP/COO Officer | 40 | $508,653 | $51,597 |
| JASON THOMAS | SVP/CFO Officer | 40 | $391,417 | $82,161 |
| DAVID SOUTH | SVP/HUMAN RESOURCES Key employee | 40 | $407,543 | $46,031 |
| MICHAEL POIRIER | SVP/CLO Key employee | 40 | $368,262 | $70,659 |
| AARON CAID | SVP/CMO Key employee | 40 | $330,742 | $77,539 |
| JOHN SILVIS | SVP/CTO Key employee | 40 | $289,076 | $65,329 |
| TIM LAWRENCE | VP/MDG GROUP, SALES Highest-paid employee | 40 | $221,031 | $53,407 |
| CHARLANDA ALLEN | VP/SALES & SERVICE Highest-paid employee | 40 | $168,420 | $44,047 |
| HAMID SAMADOFF | VP/ACCOUNTING Highest-paid employee | 40 | $161,155 | $41,679 |
| DONNA ESSE | VP/ELECTRONIC SERVICES Highest-paid employee | 40 | $168,525 | $23,203 |
| RONA FORD | VP/MDG OPERATIONS Highest-paid employee | 40 | $164,891 | $25,189 |
| JOHN WALLING | FORMER CEO Former | 0 | $154,899 | $0 |
| DOROTHY KIM | TREASURER Trustee or director, Officer | 1 | $5,739 | $0 |
| DALE TORRY | CHAIR Trustee or director, Officer | 1 | $5,629 | $0 |
| JEFF SALLADIN | VICE CHAIR Trustee or director, Officer | 1 | $5,023 | $0 |
| MICHAEL PATE | FORMER VICE CHAIR Trustee or director, Officer | 1 | $4,834 | $0 |
| RICK BEE | SECRETARY Trustee or director, Officer | 1 | $4,694 | $0 |
| MARK BARGAEHR | DIRECTOR 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
- Website
- WWW.MYCCCU.COM
- 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)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE MISSION OF CHRISTIAN COMMUNITY CREDIT UNION IS TO SERVE CHRIST FOLLOWERS TO LIVE AND GIVE MORE ABUNDANTLY.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 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
- Group exemption
- 1526: CREDIT UNIONS IN THE STATE OF CALIFORNIA
- Assets (IRS master file)
- $839,469,965
- Income (IRS master file)
- $42,696,409
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $42,678,422 | $40,058,540 | $839,469,965 | XML |
| 990 | December 2023 | $40,118,309 | $34,963,102 | $850,313,437 | XML |
| 990 | December 2022 | $38,274,101 | $29,725,533 | $880,133,266 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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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