Overview
What is Christian Community Credit Union?
Christian Community Credit Union is a nonprofit financial institution, based at 255 N Lone Hill Avenue in San Dimas, California, serving members primarily consisting of Christians. As of December 31, 2022, the credit union had accumulated $772.9 million in insured deposits. Their extensive range of banking services includes savings and checking accounts, money market funds, and certificates of deposit, totaling $109.4 million, $236.9 million, $233 million, and $193.6 million, respectively. The cost of funds for these accounts was 0.5% at the end of the year. The credit union commenced the year with 28,762 members and concluded it with 29,379, marking an increase of 617. They catered to 27,464 individual accounts and 1,915 ministry accounts at year-end. The credit union operates with a mission to foster savings, offer loans at reasonable rates, and provide additional financial services to its members, ultimately enabling its Christian community to live and give more abundantly.
Official website here: www.mycccu.com
What are the reviews and ratings of this charity?
Christian Community Credit Union is not currently rated by Charity Navigator due to its classification. It is important to note that the absence of a rating does not imply a positive or negative assessment, but rather indicates that specific evaluation criteria have not been met, as it is not a 501(c)(3) IRS registered nonprofit.
The organization does not have available data for total revenue, expenses, or salaries of key personnel, which are typically utilized in assessing financial health and accountability. Historical data was based on accountability and finance factors, which no longer apply, and current assessment methods such as Impact & Measurement cannot be used.
The organization finds itself in an evaluation gap, as Charity Navigator currently only undertakes ratings for tax-exempt entities that can receive tax-deductible contributions. This classification might affect its broader ability to be assessed in established nonprofit evaluation systems, leaving potential users and supporters without comprehensive third-party assessments. No user reviews on GreatNonprofits are available to provide additional insights.
This AI summary has been generated from information found on Charity Navigator.
Is Christian Community Credit Union legitimate?
Christian Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Christian Community Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,718,030
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,134,842
For more financial information, click here
Official website here: www.mycccu.com
What is the mission statement of Christian Community Credit Union?
The Christian Community Credit Union operates with the primary goal of encouraging savings and providing affordable credit to its members, in addition to offering various financial services. The mission of this credit union goes beyond financial matters, as it strives to serve Christ followers and help them live more abundantly. With over $772 million in deposits in insured accounts as of December 31, 2022, the credit union offers a wide range of banking services including savings accounts, checking accounts, money market accounts, and certificates of deposit and IRAs. The cost of funds for these accounts was at 0.5% that year. The credit union grew from 28,762 to 29,379 members during the year, with 27,464 individual accounts and 1,915 ministry accounts.
Official website here: www.mycccu.com
Who is the CEO of Christian Community Credit Union?
John Walling is the CEO of Christian Community Credit Union The CEO's salary of Christian Community Credit Union is $154,899 and their total compensation is $154,899.
Official website here: www.mycccu.com
What is the revenue of Christian Community Credit Union?
Christian Community Credit Union's revenue in 2023 was $40,118,309.
Official website here: www.mycccu.com
Who are the executives of Christian Community Credit Union and what are their salaries?
The average compensation at Christian Community Credit Union during 2023 was $72,448. There are 136 employees and 10 volunteers at Christian Community Credit Union.
Here are 19 key members and their salaries (Christian Community Credit Union's CEO's salary is $154,899 and their total compensation is $154,899):
- Compensation: $918,286
- Related: $0
- Other: $87,804
- Compensation: $4,834
- Related: $0
- Other: $0
- Compensation: $1,846
- Related: $0
- Other: $0
- Compensation: $5,629
- Related: $0
- Other: $0
- Compensation: $5,023
- Related: $0
- Other: $0
- Compensation: $5,739
- Related: $0
- Other: $0
- Compensation: $4,694
- Related: $0
- Other: $0
- Compensation: $508,653
- Related: $0
- Other: $51,597
- Compensation: $391,417
- Related: $0
- Other: $82,161
- Compensation: $407,543
- Related: $0
- Other: $46,031
- Compensation: $368,262
- Related: $0
- Other: $70,659
- Compensation: $330,742
- Related: $0
- Other: $77,539
- Compensation: $289,076
- Related: $0
- Other: $65,329
- Compensation: $221,031
- Related: $0
- Other: $53,407
- Compensation: $168,420
- Related: $0
- Other: $44,047
- Compensation: $161,155
- Related: $0
- Other: $41,679
- Compensation: $168,525
- Related: $0
- Other: $23,203
- Compensation: $164,891
- Related: $0
- Other: $25,189
- Compensation: $154,899
- Related: $0
- Other: $0
Official website here: www.mycccu.com
Where can I find the form 990 for Christian Community Credit Union?
Christian Community Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mycccu.com
Learn more at the official website: www.mycccu.com
Mission Statement of Christian Community Credit Union
Christian Community Credit Union, a financially thriving institution, is dedicated to serving its Christ-following members by promoting thrift, providing affordable credit, and offering a variety of financial services. The heart of this organization lies in its mission to help members live and give more abundantly.
With over $772 million in deposits, the credit union's financial resources enable it to cater to the banking needs of its expanding membership base. This includes offering savings, checking, money market, certificates of deposit, and Individual Retirement Accounts (IRAs). The cost of funds for these accounts remained low at 0.5% throughout the year.
The credit union's commitment to its members extends beyond basic financial services. In 2022, it welcomed an additional 617 members, bringing its total membership to 29,379. Of these, 27,464 were individual accounts, and 1,915 were ministry accounts. The credit union's growth underscores its success in fulfilling its mission, which is to positively impact the financial lives of its Christ-centered members.
Christian Community Credit Union's impact transcends the purely financial realm. By offering its members a chance to save, invest, and access credit at reasonable rates, it empowers them to build a stronger financial future. In doing so, it aligns with its mission to serve its members and contribute to their overall well-being.
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Impact
October, 2024
Christian Community Credit Union plays a significant role in promoting financial wellness within its community. By offering a comprehensive range of banking services, it empowers its members—both individuals and ministries—to manage their finances effectively. As of December 31, 2022, the credit union has achieved impressive financial milestones, with nearly $773 million on deposit in insured accounts. This includes substantial holdings in savings, checking, money market accounts, and certificates of deposit.
The credit union's commitment to thrift is evident in its ability to provide credit at reasonable rates, ensuring that members can access the financial resources they need without excessive costs. With a membership growth of 617 individuals in just one year, the credit union's appeal continues to resonate with Christian community members who seek to live and give more abundantly.
Through its services, Christian Community Credit Union supports its members in their financial journeys, equipping them with the tools necessary for sound money management. This fosters a sense of community and responsibility among its members, promoting a culture of generosity and shared values.
This information is meant to be a general summary of Christian Community Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $6,180,323
- Program Service Revenue: $33,944,170
- Gross Receipts: $40,124,493
Assets and Liabilities:
- Total Assets: $880,133,266
- Total Liabilities: $778,706,074
- Net Assets: $101,427,192
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$29,050,081
INTERCHANGE INCOME
Revenue
$3,078,769
FEE INCOME
Revenue
$1,159,421
LOAN SERVICES
Revenue
$406,672
MISCELLANEOUS INCOME
Revenue
$126,451
Organization Details
Founding Year
1957
Principal Officer
Blair Korschun
Website
www.mycccu.comNTEE Category
Code: W60 - Public benefit
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