2024-11-14T12:54:08-06:00 2023-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2023-01-01 910616262 GESA CREDIT UNION GESA 5093783100 51 GAGE BLVD RICHLAND WA 99352 KURT JOHNSON CFO 5093783100 2024-11-12 1 1 EMINA O CRESSWELL CPA P01217304 5097472600 2024-11-12 2023 2024-10-15 13:58:12Z DON C MILLER 51 GAGE BLVD RICHLAND WA 99352 308182320 0 1269 X WWW.GESA.COM X 1953 WA GESA CREDIT UNION'S MISSION IS TO HELP MEMBERS PROSPER BY EMPOWERING OUR MEMBERS THROUGH FINANCIAL EDUCATION AND PROVIDING ACCESS TO A BROAD RANGE OF VALUED AND COST EFFECTIVE FINANCIAL PRODUCTS AND SERVICES. 12 12 1086 5 887851 289841 0 0 209684292 269264856 8869026 20711561 626814 410417 219180132 290386834 93410 767341 0 0 68979340 73462173 0 0 0 120612785 165898720 189685535 240128234 29494597 50258600 5594015267 5461068630 5104249815 4942354466 489765452 518714164 MEMBERS HAVE ACCESS TO A BROAD RANGE OF FINANCIAL PRODUCTS AND SERVICES THAT ENABLE THEM TO PROSPER AT A COST JUSTIFIED BY THE RESULT. 0 0 OFFER COMPREHENSIVE RANGE AND COMPETITIVELY PRICED LOAN PRODUCTS TO MEMBERS. GESA OFFERS A WIDE RANGE OF LOAN PRODUCTS INCLUDING, BUT NOT LIMITED TO, AUTOS, RVS, MARINE EQUIPMENT, FIRST MORTGAGE, HOME EQUITY, CREDIT CARD, COMMERCIAL AND VARIOUS SECURED AND UNSECURED LOANS. OFFER COMPREHENSIVE AND COMPETITIVELY YIELDING SAVINGS PRODUCTS TO MEMBERS. GESA OFFERS A WIDE VARIETY OF SAVINGS PRODUCTS TO MEMBERS, WHICH INCLUDE, BUT ARE NOT LIMITED TO BASIC SAVINGS, HOLIDAY CLUB, VACATION CLUB, COMMERCIAL SAVINGS, CERTIFICATE ACCOUNTS, IRA CERTIFICATES, IRA SAVINGS AND MONEY MARKET ACCOUNTS. GESA CONTINUES TO BE A LEADER IN OUR AREA ON SAVINGS ACCOUNT RATES. OFFER LOW COST SERVICES TO MEMBERS WHICH WILL ENABLE THEM TO ACHIEVE THEIR DESIRED FINANCIAL GOALS. 0 0 1 0 0 0 0 1 0 1 1 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 0 0 0 1 90797 0 1 1086 1 1 1 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 1 1 X KURT JOHNSON 5093783100 51 GAGE BLVD RICHLAND WA 99352 GREGG ANDREWS BOARD MEMBER 5.00 X 24538 0 0 ROBERT FOLLETT BOARD MEMBER & COMMITTEE CHAIR 5.00 X 24000 0 0 PETER SMITH BOARD MEMBER & COMMITTEE CHAIR 5.00 X 24000 0 0 MARTIN VALADEZ TORRES BOARD VICE CHAIR 5.00 X X 23359 0 0 GEOF GRIEBEL BOARD CHAIR 5.00 X X 22462 0 0 WILLIAM MELBERG BOARD MEMBER & COMMITTEE CHAIR 5.00 X 20642 0 0 ANDREW AUSTIN BOARD MEMBER 5.00 X 20000 0 0 BEN BASSON BOARD MEMBER 5.00 X 20000 0 0 BRETT SPOONER BOARD SECRETARY 5.00 X X 20000 0 0 JESSICA SCHNEIDER BOARD MEMBER 5.00 X 20000 0 0 LINDA COWAN BOARD MEMBER 5.00 X 20000 0 0 MANUEL CHAVALLO BOARD MEMBER 5.00 X 20000 0 0 DON C MILLER PRESIDENT/CEO 50.00 X 1052929 0 644838 RICHARD WADDLE EVP OF RISK MANAGEMENT (THRU 12/23) 50.00 X 431672 0 250361 KEVEN GRAY EVP OF MEMBER FULFILLMENT/RETAIL 50.00 X 343494 0 268721 CHERYL BROWN EVP OF MEMBER SUPPORT & SERVICE 50.00 X 341769 0 266142 CHERYL ADAMSON EVP OF LEGAL AND ADMINISTRATION 50.00 X 309614 0 242444 SUNWAN SHON SBA SALES MANAGER/TEAM LEADER 40.00 X 348852 0 46759 RICHARD FISHER AVP COMMERCIAL MANAGER/TEAM LEADER 40.00 X 347716 0 26362 GREGORY PARTCH SR COMMERCIAL LOAN OFFICER 40.00 X 345714 0 35688 DAVID GOODSELL AVP COMMERCIAL MANAGER/TEAM LEADER 40.00 X 289535 0 50801 BENJAMIN RUTLEDGE VP OF COMMERCIAL SERVICES 40.00 X 279217 0 100744 4349513 0 1932860 103 0 1 0 COPACINO & FUJIKADO LLC 1425 4TH AVE SUITE 700 SEATTLE WA 98101 MARKETING PRODUCTION 4955225 FISERV INC 75 REMITTANCE DR SUITE 6942 CHICAGO IL 60675 DATA PROCESSING PROVIDER 3519788 COOK SOLUTIONS GROUP 9225 NE CASCADES PARKWAY PORTLAND OR 97220 SECURITY SERVICES 2923147 LENDERS PROTECTION LLC 1501 S MOPAC EXPRESSWAY SUITE 450 AUSTIN TX 78746 THIRD PARTY LENDING SYSTEM 2898288 DARDAN ENTERPRISES INC 3567 W HWY 53 POST FALLS ID 83854 BUILDING CONSTRUCTION 2780989 90 LOAN INTEREST 522100 206338342 206338342 VISA/DEBIT CARD INCOME 522100 23265025 23265025 FEES & CHARGES INCOME 522100 20869001 20716241 152760 OTHER INCOME 522100 18792488 18102909 689579 269264856 24854164 24854164 410417 0 410417 410417 45512 364905 72039 13580844 71885 17723601 154 -4142757 -4142603 -4142603 290386834 268422517 887851 21076466 761841 5500 4431646 54734712 3729822 4943436 5622557 258602 1305994 11895800 11608835 21031275 3608654 1260764 73247 73018523 15454735 535416 UBI TAXES 183623 PROV FOR LOAN LOSS 16083887 CREDIT/COLLECTION COSTS 6608388 FRAUD EXPENSE 1498382 1472595 240128234 436125604 483217077 52488802 50096276 27631296 36832145 4403386406 4245739516 9260464 11980093 179758166 67155257 119954009 112602909 386892480 357827324 375010 375010 84146225 81626586 73754971 80771694 5594015267 5461068630 55986430 68600850 1052602 1395981 71039 -406868 492500000 392500000 4554639744 4480264503 5104249815 4942354466 X 0 0 0 0 489765452 518714164 489765452 518714164 5594015267 5461068630 X 50258600 3031466 -24341354 X 0 0 0 54593 54593 54593 1 CREDIT UNION LEGISLATIVE ACTION FUND 18000 INTERNATIONAL BLVD SUITE 350 SEATAC WA 98188 910616262 54593 PART I-C, LINE 1 THE CREDIT UNIONS ONLY INDIRECT POLITICAL CAMPAIGN ACTIVITY IS A CONTRIBUTION TO THE CREDIT UNION LEGISLATION ACTION COMMITTEE. 0 1 X 20604998 20604998 88099099 18081065 70018034 2092193 1283919 808274 65506445 47790273 17716172 3455431 3455431 112602909 GOVERNMENT AGENCY DEBENTURE NOTES AND BONDS 81633574 C INVESTMENTS AVAILABLE FOR SALE 201434229 F MORTGAGE BACKED SECURITIES 69336719 C BENEFIT INVESTMENT 5422802 C 357827324 MEMBER DEPOSITS AND ACCOUNTS 4464284855 DEFERRED COMPENSATION LIABILITY 15979648 4480264503 PART IV, LINE 2B: GESA MAINTAINS FIRST MORTGAGE ESCROWS IN A LIABILITY ACCOUNT ON THE BALANCE SHEET AND MAKES NECESSARY PAYMENTS FROM THIS ACCOUNT. 1 GESA COMMUNITY FOUNDATION PO BOX 500 RICHLAND WA 99352 882053935 501C3 760641 0 COLLEGE SCHOLARSHIPS AND COMMUNITY SUPPORT 1 0 COLLEGE SCHOLARSHIPS 3 5500 PART I, LINE 2: PAYMENT OF SCHOLARSHIP AWARDS IS MADE DIRECTLY TO A COLLEGE OR UNIVERSITY UPON VERIFICATION OF THE RECIPIENT'S ENROLLMENT. FAILURE TO MAINTAIN FULL TIME STATUS AT SCHOOL WILL RESULT IN THE CANCELLATION OF SCHOLARSHIPS AND ALL UNUSED FUNDS ARE RETURNED TO GESA CREDIT UNION. THE ORGANIZATION KEEPS RECEIPTS, HOWEVER, THE ORGANIZATION DOES NOT HAVE A PROCESS IN PLACE TO TRACK THE ELIGIBILITY FOR DONATIONS OTHER THAN THAT THE DONATIONS ARE TO REPUTABLE ORGANIZATIONS. 1 X X 0 1 0 DON C MILLER PRESIDENT/CEO 854540 0 153707 0 44682 0 630321 0 14517 0 1697767 0 0 0 RICHARD WADDLE EVP OF RISK MANAGEMENT (THRU 12/23) 379176 0 40706 0 11790 0 231567 0 18794 0 682033 0 0 0 KEVEN GRAY EVP OF MEMBER FULFILLMENT/RETAIL 298818 0 31004 0 13672 0 244878 0 23843 0 612215 0 0 0 CHERYL BROWN EVP OF MEMBER SUPPORT & SERVICE 295903 0 30902 0 14964 0 252154 0 13988 0 607911 0 0 0 CHERYL ADAMSON EVP OF LEGAL AND ADMINISTRATION 271449 0 24493 0 13672 0 236123 0 6321 0 552058 0 0 0 SUNWAN SHON SBA SALES MANAGER/TEAM LEADER 141405 0 207031 0 416 0 27857 0 18902 0 395611 0 0 0 GREGORY PARTCH SR COMMERCIAL LOAN OFFICER 159354 0 185758 0 602 0 29100 0 6588 0 381402 0 0 0 BENJAMIN RUTLEDGE VP OF COMMERCIAL SERVICES 241259 0 25406 0 12552 0 84928 0 15816 0 379961 0 0 0 RICHARD FISHER AVP COMMERCIAL MANAGER/TEAM LEADER 188090 0 158652 0 974 0 6639 0 19723 0 374078 0 0 0 DAVID GOODSELL AVP COMMERCIAL MANAGER/TEAM LEADER 170659 0 116460 0 2416 0 28028 0 22773 0 340336 0 0 0 PART I, LINE 4B DON MILLER, PRESIDENT/CEO, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2023 WAS $580,218. RICHARD WADDLE, EVP OF RISK MANAGEMENT, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2023 WAS $205,827. CHERYL BROWN, EVP OF MEMBER SUPPORT & SERVICE, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2023 WAS $215,704. BENJAMIN RUTLEDGE, VP OF COMMERCIAL SERVICES, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2023 WAS $62,101. KEVEN GRAY, EVP OF MEMBER FULFILLMENT/RETAIL, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2023 WAS $208,320. CHERYL ADAMSON, EVP OF LEGAL & ADMINISTRATION, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2023 WAS $200,212. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS COMPOSED OF ONE CLASS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERS ELECT MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE ASSISTANT CONTROLLER AND THE VP OF ACCOUNTING AND FINANCE REVIEW THE CREDIT UNION'S FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. EACH EMPLOYEE HAS THE RESPONSIBILITY FOR DEMONSTRATING THEIR COMPLIANCE WITH THIS POLICY, AND ALL POTENTIAL EMPLOYEES WILL REVIEW AND SIGN THIS POLICY BEFORE CONSIDERATION FOR EMPLOYMENT. THE CONFLICT OF INTEREST POLICY IS MONITORED DURING BOARD MEETINGS. BOARD CONFLICT DECLARATION AND POLICY ADHERENCE IS DOCUMENTED IN THE BOARD MEETING MINUTES. NO DIRECTOR OR COMMITTEE MEMBER OF THE CREDIT UNION IS ALLOWED TO PARTICIPATE IN THE DELIBERATION OF ANY QUESTION AFFECTING THEIR OWN FINANCIAL INTEREST. SUCH DIRECTOR OR COMMITTEE MEMBER WILL WITHDRAW FROM THE DELIBERATION AND DECISION UPON SUCH INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE CREDIT UNION'S PROCEDURES FOR DETERMINING COMPENSATION OF THE CEO INCLUDE COMPENSATION SURVEYS AND APPROVAL BY THE BOARD. COMPENSATION IS REVIEWED ON AN ANNUAL BASIS AND DOCUMENTED IN THE MEETING MINUTES OF THE EXECUTIVE BOARD SESSION. FORM 990, PART VI, SECTION C, LINE 18 FORMS 1024 AND 990 ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME -33,104. ADOPTION OF ASC TOPIC 326 -24,308,250.