2024-08-06T11:25:30-05:00 2023-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2023-01-01 910576399 IQ CREDIT UNION IQCR 3606953441 PO BOX 1739 VANCOUVER WA 986681739 DAN MEDAK CFO 3606953441 2024-08-01 1 1 WENDY CAMPOS P00448102 5032421447 2024-08-01 2023 2024-08-08 14:25:15Z DAN MEDAK PO BOX 1739 VANCOUVER WA 986681739 114509535 0 X WWW.IQCU.COM X 1940 WA TO PROVIDE A FULL COMPLEMENT OF QUALITY FINANCIAL SERVICES IN A CONVENIENT, EFFICIENT, FRIENDLY, SECURE AND PROFITABLE MANNER WHICH MEETS THE NEED OF THE MEMBERSHIP. 13 13 460 13 2627693 0 0 0 86126385 104997854 5765435 8801543 500284 584249 92392104 114383646 91500 128595 0 0 28282971 36340493 0 0 0 39638773 71826667 68013244 108295755 24378860 6087891 2008224369 2064834274 1840459272 1885454178 167765097 179380096 TO PROVIDE A FULL COMPLEMENT OF QUALITY FINANCIAL SERVICES IN A CONVENIENT, EFFICIENT, FRIENDLY, SECURE AND PROFITABLE MANNER WHICH MEETS THE NEED OF THE MEMBERSHIP. 0 0 PROVIDE FINANCIAL SERVICES TO 104,371 MEMBERS. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, PROVIDING REAL ESTATE AND OTHER SECURED/ UNSECURED CONSUMER LOANS, CHECKING AND SAVINGS PROGRAMS, AND CREDIT CARD SERVICES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 38780 0 1 460 1 1 1 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X DAN MEDAK 3607593138 PO BOX 1739 VANCOUVER WA 986681739 ERIC PETRACCA PRESIDENT/CEO 48.00 X 899063 0 57088 GAYLE GUSTAFSON SVP CHIEF LENDING OFFICER 48.00 X 396004 0 41997 DANETTE LACHAPELLE SVP CHIEF COMM. OFFICER (THRU 9/23) 48.00 X 329778 0 44081 KARI STANSBERRY SVP CHIEF ADMIN. OFFICER 48.00 X 304946 0 62946 DAN MEDAK CFO 48.00 X 312058 0 24642 JORDAN LEHRMAN SVP CHIEF TECHNOLOGY OFFICER 48.00 X 283093 0 39587 ALI MIGAKI SVP CHIEF RETAIL OFFICER 48.00 X 239205 0 28232 JEREMY WIERSMA VP BUSINESS SERVICES 45.00 X 233194 0 19514 DENIS MARSH VP INSURANCE SERVICES 45.00 X 212523 0 29948 DIANNE SMITH VP MORTGAGE SERVICES 45.00 X 217497 0 17387 BECKY NAVARRE VP CORE APPLICATIONS 45.00 X 185509 0 6876 LUKE JENKINS SOFTWARE DEVELOPMENT MANAGER 45.00 X 162366 0 31275 DOUGLAS E LEHRMAN BOARD CHAIRMAN 5.00 X X 25000 0 0 JOSEPH NUTTING BOARD VICE CHAIRMAN 4.00 X X 20000 0 0 SHARON EASTMAN BOARD SECRETARY 4.00 X X 20000 0 0 EVELYN D GRENDAHL BOARD TREASURER 4.00 X X 20000 0 0 STEVE PORTER BOARD MEMBER 2.50 X 16000 0 0 JIL CLICK BOARD MEMBER 2.50 X 16000 0 0 JOAN DURGIN BOARD MEMBER 2.50 X 16000 0 0 DON KITTERMAN BOARD MEMBER 2.50 X 16000 0 0 BRIAN LOOS BOARD MEMBER 2.50 X 14050 0 0 RONALD ALAN ODERMOTT BOARD MEMBER 2.50 X 14000 0 0 ARLENE HETT BOARD MEMBER 2.50 X 11500 0 0 JAMES ASKEY BOARD MEMBER (THRU 03/23) 2.50 X 6933 0 0 TROY GRAHAM BOARD MEMBER 2.50 X 6517 0 0 KEVIN SHERRY BOARD MEMBER 2.50 X 6517 0 0 3983753 0 403573 58 0 1 0 TEAM CONSTRUCTION 6701 NE 42ND ST VANCOUVER WA 98661 CONSTRUCTION SERVICES 2588602 PSCU INCORPORATED 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CARD SERVICES 2254218 ALKAMI TECHNOLOGY INC PO BOX 122223 DALLAS TX 753122223 ONLINE BANKING SERVICES 1845172 CURINOS INC 485 LEXINGTON AVE FL 20 NEW YORK NY 10017 SOFTWARE SERVICES 829463 COOK SECURITY GROUP 9225 NE CASCADES PARKWAY PORTLAND TX 97220 SECURITY SERVICES 814336 19 LOAN INTEREST 522100 79659619 79659619 OTHER OPERATING INCOME 522100 17461405 16869247 592158 FEES AND CHARGES 522100 7876830 5837396 2039434 104997854 8841193 8841193 48804 66093 -17289 -17289 -3899 -13390 20146 59796 -39650 -39650 -39650 OTHER INCOME/LOSS 522100 392836 392836 OTHER INCOME/LOSS 523000 208702 208702 601538 114383646 102967800 2627693 8788153 108595 20000 3290345 24805778 2342829 3827227 2074314 92868 221590 1770900 1933746 1661657 3284478 218621 22287 27369940 2771669 238350 LOAN LOSS PROVISION 15231334 LOAN SERVICING 7133548 ATM EXPENSES 3299875 BUSINESS MEALS 35185 6540619 108295755 9466264 10817279 115090074 191066140 1629132330 1618569273 30101509 29315483 54575145 26305454 25114350 28269691 152186050 133053693 8519428 8314198 38614364 45428517 2008224369 2064834274 19127904 24281249 1821331368 1861172929 1840459272 1885454178 X 0 0 0 0 167765097 179380096 167765097 179380096 2008224369 2064834274 X 6087891 4766452 760656 X 0 0 0 0 0 8443588 8443588 19122911 5804333 13318578 9557269 7235952 2321317 14688939 10526039 4162900 2762438 2739130 23308 28269691 SHARES/DEPOSITS 1815666715 LEASE LIABILITY 9257214 BORROWINGS 36249000 1861172929 1 CHILDREN'S MIRACLE 205 W 700 SOUTH SALT LAKE CITY UT 84101 870387205 501(C)(3) 15000 0 GENERAL SUPPORT GOWEST 18000 INTERNATIONAL BLVD 350 SEATAC WA 98188 911949328 501(C)(3) 11000 0 GENERAL SUPPORT GREATER VANCOUVER CHAMBER OF COMMERCE 1111 MAIN ST STE 201 VANCOUVER WA 98660 910452260 501(C)(6) 7965 0 GENERAL SUPPORT PARKS FOUNDATION OF CLARK COUNTY PO BOX 993 CAMAS WA 98607 911986747 501(C)(3) 8750 0 GENERAL SUPPORT VANCOUVER FARMERS MARKET FOUNDATION PO BOX 61638 VANCOUVER WA 98666 474837806 501(C)(3) 7500 0 GENERAL SUPPORT WHY RACING EVENTS INC 1108 NE 146TH ST VANCOUVER WA 98685 472525259 501(C)(3) 10000 0 GENERAL SUPPORT KGW PO BOX 637386 CINCINNATI OH 45263 463222929 27880 0 TO SUPPORT CHRISTMAS TOY DRIVE RIDGEFIELD RAPTORS 205 N MAIN AVE 148 RIDGEFIELD WA 98642 831831206 5500 0 TO SUPPORT LOCAL BASEBALL TEAM 5 3 SCHOLARSHIPS 5 20000 PART I, LINE 2: SCHOLARSHIP APPLICANTS SUBMIT AN APPLICATION, AND RECIPIENTS ARE DETERMINED BY A NUMBER OF FACTORS INCLUDING ESSAYS, GRADES AND LETTERS OF RECOMMENDATION, WHICH ARE ALL SCORED. THE HIGHEST-RATED INDIVIDUALS ARE AWARDED SCHOLARSHIPS. X 1 1 X X X 1 1 0 ERIC PETRACCA PRESIDENT/CEO 647756 0 251307 0 0 0 36409 0 20679 0 956151 0 0 0 GAYLE GUSTAFSON SVP CHIEF LENDING OFFICER 246875 0 149129 0 0 0 33517 0 8480 0 438001 0 0 0 DANETTE LACHAPELLE SVP CHIEF COMM. OFFICER (THRU 9/23) 149986 0 42347 0 137445 0 38211 0 5870 0 373859 0 0 0 KARI STANSBERRY SVP CHIEF ADMIN. OFFICER 247718 0 57228 0 0 0 39689 0 23257 0 367892 0 0 0 DAN MEDAK CFO 254289 0 57769 0 0 0 17202 0 7440 0 336700 0 0 0 JORDAN LEHRMAN SVP CHIEF TECHNOLOGY OFFICER 228229 0 54864 0 0 0 16005 0 23582 0 322680 0 0 0 ALI MIGAKI SVP CHIEF RETAIL OFFICER 193969 0 45236 0 0 0 6361 0 21871 0 267437 0 0 0 JEREMY WIERSMA VP BUSINESS SERVICES 175702 0 57492 0 0 0 12452 0 7062 0 252708 0 0 0 DENIS MARSH VP INSURANCE SERVICES 178669 0 33854 0 0 0 12139 0 17809 0 242471 0 0 0 DIANNE SMITH VP MORTGAGE SERVICES 175445 0 42052 0 0 0 382 0 17005 0 234884 0 0 0 BECKY NAVARRE VP CORE APPLICATIONS 177414 0 8095 0 0 0 -3250 0 10126 0 192385 0 0 0 LUKE JENKINS SOFTWARE DEVELOPMENT MANAGER 156741 0 5625 0 0 0 9278 0 21997 0 193641 0 0 0 PART I, LINE 1A THESE BENEFITS ARE PROVIDED TO THE CEO AS PART OF THE EMPLOYMENT AGREEMENT. THE DISCRETIONARY SPENDING ACCOUNT IS INCLUDED IN THE CEO'S TAXABLE COMPENSATION. CEO ALSO IS PROVIDED COMPANY-OWNED AUTO FOR BUSINESS AND PERSONAL USE. PART I, LINES 4A-B DANETTE LACHAPELLE RECEIVED A SEVERANCE PAYMENT IN 2023 OF $137,445. SOME MEMBERS OF EXECUTIVE MANAGEMENT PARTICIPATED IN A 457(F) PLAN. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION MEMBERS ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION HAS MEMBERS AND EACH MEMBER CAN VOTE. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AND REGULATORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CFO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION HAS A CONFLICT OF INTEREST POLICY, AND EMPLOYEES AND BOARD MEMBERS ANNUALLY ACKNOWLEDGE THEY COMPLY WITH ALL CREDIT UNION POLICIES. THE CONFLICT OF INTEREST POLICY OUTLINES STEPS TAKEN BY OFFICIALS WHEN A CONFLICT ARISES, WHICH INCLUDE THE CONFLICTED PARTY ABSTAINING FROM A RELATED VOTING ITEM. EMPLOYEES ARE NOT ALLOWED TO RECEIVE A PERSONAL BENEFIT FROM ANY TRANSACTION WITH A VENDOR, CUSTOMER OR SUPPLIER DOING BUSINESS WITH THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15A CEO SALARY IS DETERMINED AFTER REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTEE, WHICH IS INDEPENDENT OF THE CEO. SALARY IS BASED ON THE CEO'S EXPERIENCE AND COMPENSATION FROM CUES EXECUTIVE COMPENSATION SURVEYS. MINUTES ARE KEPT TO DOCUMENT THE DISCUSSION AND FINAL DECISION. THE EXECUTIVE COMMITTEE ANNUALLY REVIEWS THE CEO'S SALARY TO DETERMINE WHETHER TO ADJUST THE BASE SALARY UPWARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE INCOME/EQUITY TRUE-UP 861,125. ADOPTION OF ASC 326 - ONE-TIME ADJUSTMENT TO UNDIVIDED EARNINGS -100,469. IQ FOR KIDS PO BOX 1739 VANCOUVER WA 98668 203988310 FUNDRAISING TO SUPPORT CHILDREN'S CHARITIES WA 501(C)(3) 509(A)(1) N/A 0 CLARK FINANCIAL SERVICES INC PO BOX 1846 VANCOUVER WA 98668 911253818 SERVICE ORG PROVIDING INSURANCE PRODUCTS TO CREDIT UNION MEMBERS WA IQ CREDIT UNION C 318555 3010276 1.00000 1 1 0 0 1 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 CLARK FINANCIAL SERVICES INC A 11842 FAIR MARKET VALUE CLARK FINANCIAL SERVICES INC Q 1593966 FAIR MARKET VALUE CLARK FINANCIAL SERVICES INC D 500000 LOAN GUARANTEE/NO BALANCE