2023-05-12T10:43:03-05:00 2022-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2022-01-01 910617775 COLUMBIA COMMUNITY CREDIT UNION COLU 3608914000 PO BOX 324 VANCOUVER WA 98666 LINDSEY SALVESTRIN INTERIM PRESIDENT/CEO 3608914000 2023-05-09 1 LINDSEY SALVESTRIN XXX-XX-XXXX 1 WENDY CAMPOS P00448102 5032421447 2023-05-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LINDSEY SALVESTRIN PO BOX 324 VANCOUVER WA 98666 91437629 0 X WWW.COLUMBIACU.ORG X 1952 WA A STRONG MEMBER FINANCIAL COOPERATIVE PROVIDING VALUE THROUGH: MEETING MEMBERS' NEEDS WITH QUALITY SERVICES AND PRODUCTS; CARING FOR MEMBERS AT EVERY CONTACT; AND ENHANCING THE COMMUNITIES WE SERVE THROUGH VOLUNTEERISM AND LEADERSHIP. 9 9 399 0 2058562 0 0 0 78560491 81161328 2802793 10255569 0 0 81363284 91416897 297788 296077 0 0 29570100 30551702 0 0 0 29545957 34960694 59413845 65808473 21949439 25608424 2324855630 2296501925 2101960163 2082097000 222895467 214404925 BRINGING PEOPLE TOGETHER TO MAKE LIFE BETTER FOR THEMSELVES AND THEIR COMMUNITIES. 0 0 COLUMBIA COMMUNITY CREDIT UNION IS A WASHINGTON STATE-CHARTERED CREDIT UNION WITH A FIELD OF MEMBERSHIP IN WASHINGTON AND OREGON AND IS REGULATED BY THE WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS, DIVISION OF CREDIT UNIONS WITH RECIPROCAL OVERSIGHT BY THE OREGON DEPARTMENT OF CONSUMER & BUSINESS SERVICES, DIVISION OF FINANCIAL REGULATION. MEMBERS' DEPOSITS ARE INSURED BY THE NATIONAL CREDIT UNION SHARE INSURANCE FUND. THE MAIN PURPOSE OF THE CREDIT UNION IS PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT FAIR AND REASONABLE RATES OF INTEREST. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 47400 0 1 399 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X EMILY YODER 3606193305 200 SE PARK PLAZA DRIVE VANCOUVER WA 98684 STEPHON D KENNY PRESIDENT CEO 45.00 X 786137 0 386520 MARK C MICHAELS SVP CHIEF INFORMATION OFFICER 40.00 X 434228 0 58046 LINDSEY R SALVESTRIN SVP CHIEF OPERATIONS OFFICER 40.00 X 387134 0 161558 MARC T TIMM SVP CHIEF CREDIT AND LENDING OFFICER 40.00 X 392388 0 106140 JAMES B WOOD III SVP CHIEF HR OFFICER 40.00 X 320011 0 105874 HOLLY MECALIS INDIRECT LOAN SALES REPRESENTATIVE 40.00 X 313169 0 32629 JOSEPH I STORM VP DIRECTOR COMRCL & BUS 40.00 X 328265 0 17434 PENNY R HARRIS SVP CHIEF FINANCIAL OFFICER 40.00 X 285775 0 100701 WENDY SMITH SVP CHIEF RISK OFFICER 40.00 X 287725 0 103248 MICHAEL D FLOREA SVP CHIEF DATA OFFICER 40.00 X 271105 0 124235 COLLEEN BOCCIA SVP CHIEF MARKETING OFFICER 40.00 X 269270 0 116710 CARLENE HOFF INDIRECT LOAN SALES REPRESENTATIVE 40.00 X 228221 0 28971 JEFFREY W DAY HOME LOAN OFFICER 40.00 X 230816 0 19960 JEFFREY MCLAUCHLIN VP DEVELOPMENT SECURITY OPERATIONS 40.00 X 217375 0 31465 KELLY LOVE DIRECTOR (THRU 7/22) 2.30 X 27803 0 0 JOSEPH VANCE BOARD DIRECTOR CHAIR 2.30 X X 26714 0 0 MAX AULT SECRETARY 2.30 X X 24618 0 0 CAROL VAN NATTA DIRECTOR VICE CHAIR 2.30 X X 23159 0 0 ERIC SAWYER DIRECTOR 2.30 X 21891 0 0 MARCI WHITE-STUMPF DIRECTOR 2.30 X 20945 0 0 JULIANNA MARLER DIRECTOR 2.30 X 20593 0 0 TRACEY MALONE DIRECTOR 2.30 X 20405 0 0 DENA STRONG TREASURER 2.30 X X 18696 0 0 TIM SCHAUER DIRECTOR 2.30 X 10538 0 0 4966981 0 1393491 59 0 1 0 FISERV INC 255 FISERV DRIVE BROOKFIELD WY 53045 SOFTWARE SUPPORT/MAINTENANCE/LICENSES & 2866652 NCR CORPORATION 864 SPRING STREET NW ATLANTA GA 30308 PC BANKING/E-STMT PROCESSING/ATM UNITS W 2693514 STRUCTURED COMMUNICATION SYSTEM 12901 SE 97TH AVENUE SUITE 400 CLACKAMAS OR 97015 SOFTWARE & HARDWARE MAINTENANCE/SUPPORT 1178122 CUNA MUTUAL GROUP PO BOX 61 WAVERLY IA 50677 AD&D INSURANCE PROVIDER 505800 CENLAR FSB PO BOX 77415 EWING TOWNSHIP NJ 08628 LOAN SERVICING/SUBSERVICING, SERVICES FO 418599 44 INT & FEES ON LOANS 522100 60363076 60363076 ATM INCOME 522100 9159806 9068204 91602 FEES & SERVICE CHARGES 522100 7403091 5503308 1899783 MISC OPERATING INCOME 522100 2511577 2444400 67177 GAIN ON SALE OF LOANS 522100 1723778 1723778 81161328 10276301 10276301 20732 -20732 -20732 -20732 91416897 79102766 2058562 10255569 296077 4912163 20488613 513382 2681474 1956070 44789 254264 1415680 1578679 1980888 8976982 2007289 35211 1143589 5370862 2721218 509621 PROVISION FOR LOAN LOSS 3671912 LOAN SERVICING 2554546 DUES AND SUBSCRIPTIONS 234803 STATEMENT PROCESSING 195823 2264538 65808473 678917347 247334961 212057 218247 1354427314 1705552357 2571012 3390642 63262454 38769178 25841690 24493276 227575019 277327097 3115600 3750030 32195591 34435315 2324855630 2296501925 14231592 20384555 252877 822417 2087475694 2060890028 2101960163 2082097000 X 0 0 0 0 222895467 214404925 222895467 214404925 2324855630 2296501925 25608424 -34098966 0 X 0 1 X 1 0 22129 0 0 22129 22129 1 NORTHWEST CREDIT UNION ASSOCIATION 18000 INTERNATIONAL BOULEVARD SUIT SEATAC WA 98188 910460483 22129 0 PART I-A, LINE 1: INDIRECT POLITICAL CAMPAIGN ACTIVITY THROUGH CONTRIBUTIONS TO OTHER ORGANIZATIONS; NORTHWEST CREDIT UNION 0 1 X 5825213 5825213 28625105 13709572 14915533 3511905 3141463 370442 25048203 21918143 3130060 252028 252028 24493276 MEMBERS' SHARE AND SAVINGS ACCOUNTS 2060890028 2060890028 X PART IV, LINE 2B: ESCROW ACCOUNTS ARE FOR MEMBER REAL ESTATE LOANS TO PAY REAL ESTATE TAXES. PART X, LINE 2: FIN 48 (ASC 740) UNCERTAIN TAX POSITIONS FINANCIAL STATEMENT FOOTNOTE - THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES, AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNIONS EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNIONS FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2022 AND 2021. THE CREDIT UNIONS 2019 THROUGH 2021 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. 1 AMERICAN HEART ASSOCATION 7272 GREENVILLE AVENUE DALLAS TX 75231 135613797 501(C)(3) 10000 0 SUPPORT FOR HEART DISEASE RESEARCH AND PREVENTION THROUGH EVENT SPONSORSHIP BOYS & GIRLS CLUB OF SOUTHWEST WASHINGTON 1111 MAIN STREET SUITE 605 VANCOUVER WA 98660 911978646 501(C)(3) 25000 0 SUPPORT FOR PROGRAMS FOR AT-RISK YOUTH THROUGH EVENT SPONSORSHIP BUILDING INDUSTRY ASSOCIATION 103 E 29TH STREET VANCOUVER WA 98663 910906923 501(C)(3) 7000 0 SUPPORT FOR LOCAL ECONOMY GROWTH AND EDUCATION PROGRAMS THROUGH EVENT SPONSORSHIPS COLUMBIA RIVER ECONOMIC DEVELOPMENT COUNCIL 805 BROADWAY SUITE 412 VANCOUVER WA 98660 911186305 501(C)(4) 12250 0 SUPPORT FOR LOCAL ECONOMY GROWTH AND EDUCATION PROGRAMS THROUGH EVENT SPONSORSHIPS COLUMBIA SPRINGS ENVIRONMENTAL CENTER 12208 E EVERGREEN HIGHWAY VANCOUVER WA 98683 912127405 501(C)(3) 15000 0 SUPPORT FOR ENVIRONMENTAL EDUCATION PROGRAMS THROUGH EVENT SPONSORSHIP COMMUNITY MILITARY APPRECIATION COMMITTEE 8002 NE HIGHWAY 999 PMB6 VANCOUVER WA 98665 452212671 501(C)(3) 9800 0 SUPPORT FOR VETERANS THROUGH EVENT SPONSORSHIP EVERGREEN SCHOOL DISTRICT FOUNDATION 13215 C-8 SE MILL PLAIN BOULEVARD VANCOUVER WA 98684 911714854 501(C)(3) 7500 0 SUPPORT FOR EDUCATION PROGRAMS THROUGH EVENT SPONSORSHIP FORT VANCOUVER REGIONAL LIBRARY PO BOX 2384 VANCOUVER WA 98668 911456753 501(C)(3) 10000 0 SUPPORT FOR READING PROGRAMS THOUGH EVENT SPONSORSHIP FREE CLINIC OF SOUTHWEST WASHINGTON 4100 PLOMONDON STREET VANCOUVER WA 98661 911707542 501(C)(3) 10000 0 SUPPORT FOR FREE QUALITY HEALTH CARE IN OUR COMMUNITY THROUGH SPONSORSHIP GREATER VANCOUVER CHAMBER OF COMMERCE 1111 MAIN STREET SUITE 605 VANCOUVER WA 98660 910452260 501(C)(6) 10400 0 PROMOTE AND SUPPORT SMALL BUSINESS RESOURCES THROUGH EVENT SPONSORSHIP INNOVATIVE SERVICES NW 9414 NE FOURTH PLAIN BOULEVARD VANCOUVER WA 98662 910782136 501(C)(3) 15000 0 SUPPORT FOR ADULTS AND CHILDREN WITH DISABILITIES WITH GRANT LEGACY SALMON CREEK HOSPITAL FOUNDATION 2211 NE 139TH STREET VANCOUVER WA 98686 830433165 501(C)(3) 12500 0 SUPPORT FOR THE CHILD ABUSE ADVOCACY TEAM THROUGH EVENT FUNDRAISING NORTHWEST ASSOCATION FOR BLIND ATHLETES 703 BROADWAY STREET SUITE 600 VANCOUVER WA 98660 260244283 501(C)(3) 6000 0 SUPPORT FOR SPORTS PROGRAMS THROUGH EVENT SPONSORSHIP PORT OF CAMASWASHOUGAL 24 S A STREET WASHOUGAL WA 98671 916001015 170(C)(1) 10000 0 SUPPORT OF COMMUNITY EVENTS THROUGH SPONSORSHIP RETURNING VETERANS PROJECT PO BOX 15035 PORTLAND OR 97293 204034255 501(C)(3) 9800 0 SUPPORT FOR VETERANS THROUGH EVENT SPONSORSHIP RIDGEFIELD MAIN STREET PO BOX 1656 RIDGEFIELD WA 98642 465501278 501(C)(3) 11500 0 SUPPORT FOR LOCAL ECONOMY GROWTH THROUGH EVENT SPONSORSHIPS SHARE 2306 NE ANDRESEN ROAD VANCOUVER WA 98661 911205119 501(C)(3) 11000 0 SUPPORT FOR PROGRAMS SERVING HOMELESS AND HUNGRY IN OUR COMMUNITY THROUGH EVENT SPONSORSHIP THE HISTORIC TRUST 750 ANDERSON STREET VANCOUVER WA 98661 911937645 501(C)(3) 10000 0 PRESERVATION FOR NATIONAL SITE AND SUPPORT FOR EDUCATION PROGRAMS THROUGH SPONSORSHIP AND EVENT FUNDRAISING VANCOUVER SCHOOL DISTRCT FOUNDATION 2901 FALK ROAD VANCOUVER WA 98661 910971800 501(C)(3) 10000 0 SUPPORT FOR EDUCATION PROGRAMS THROUGH EVENT SPONSORSHIP VANCOUVER SYMPHONY 205 E 11TH STREET SUITE LL5 VANCOUVER WA 98660 911281734 501(C)(3) 7500 0 SUPPORT OF THE ARTS THROUGH SPONSORSHIP WORLDWIDE FOUNDATION FOR CREDIT UNIONS PO BOX 2982 MADISON WI 53701 396093210 501(C)(3) 12270 0 SUPPORT FOR UKRAINIAN CREDIT UNIONS (DISPLACEMENT FUND DONATION) 18 3 PART I, LINE 2: WHEN MONEY IS DONATED, ONGOING COMMUNICATION IS ESTABLISHED BETWEEN THE NON-PROFIT RECEIVING DONATIONS AND THE OUTREACH TEAM TO ENSURE IT IS DISTRIBUTED AS INTENDED. IN TURN, THE NON-PROFIT IS REQUESTED TO PROVIDE THE OUTREACH TEAM A RECAP OF HOW THE MONIES WERE USED AND HOW IT BENEFITED THE INTENDED PARTY. X 1 1 X X X X X 0 1 0 STEPHON D KENNY PRESIDENT CEO 597812 0 174120 0 14205 0 371498 0 15022 0 1172657 0 0 0 MARK C MICHAELS SVP CHIEF INFORMATION OFFICER 268406 0 49705 0 116117 0 50535 0 7511 0 492274 0 0 0 LINDSEY R SALVESTRIN SVP CHIEF OPERATIONS OFFICER 324317 0 55677 0 7140 0 139025 0 22533 0 548692 0 0 0 MARC T TIMM SVP CHIEF CREDIT AND LENDING OFFICE 322706 0 59595 0 10087 0 91118 0 15022 0 498528 0 0 0 JAMES B WOOD III SVP CHIEF HR OFFICER 266976 0 49440 0 3595 0 91041 0 14833 0 425885 0 0 0 HOLLY MECALIS INDIRECT LOAN SALES REPRESENTATIVE 79387 0 240804 0 -7022 0 13527 0 19102 0 345798 0 0 0 JOSEPH I STORM VP DIRECTOR COMRCL & BUS 44393 0 125401 0 158471 0 17434 0 0 0 345699 0 0 0 PENNY R HARRIS SVP CHIEF FINANCIAL OFFICER 243000 0 35000 0 7775 0 78168 0 22533 0 386476 0 0 0 WENDY SMITH SVP CHIEF RISK OFFICER 238381 0 41458 0 7886 0 88226 0 15022 0 390973 0 0 0 MICHAEL D FLOREA SVP CHIEF DATA OFFICER 221438 0 42179 0 7488 0 101702 0 22533 0 395340 0 0 0 COLLEEN BOCCIA SVP CHIEF MARKETING OFFICER 240584 0 44553 0 -15867 0 109199 0 7511 0 385980 0 0 0 CARLENE HOFF INDIRECT LOAN SALES REPRESENTATIVE 74585 0 157579 0 -3943 0 14054 0 14917 0 257192 0 0 0 JEFFREY W DAY HOME LOAN OFFICER 26370 0 199496 0 4950 0 12449 0 7511 0 250776 0 0 0 JEFFREY MCLAUCHLIN VP DEVELOPMENT SECURITY OPERATIONS 214200 0 14318 0 -11143 0 13728 0 17737 0 248840 0 0 0 PART I, LINE 1A THE CEO'S EMPLOYMENT AGREEMENT ALLOWS FOR THE COST OF SPOUSE TRAVEL FOR 3 CONFERENCES A YEAR. BOARD POLICY ALLOWS FOR SPOUSE/DOMESTIC PARTNER ALLOWANCE OF $599 ANNUALLY WHILE ACCOMPANYING AN OFFICIAL ON CREDIT UNION-RELATED TRAINING. THE CEO'S ALLOWANCE IS NOT TREATED AS TAXABLE COMPENSATION, WHEREAS THE OFFICIAL'S ALLOWANCE IS TREATED AS TAXABLE COMPENSATION. PART I, LINE 4B STEPHON D KENNY, 457(F) PLAN - $354,397 LINDSEY R SALVESTRIN, 457(F) PLAN - $120,725 COLLEEN BOCCIA, 457(F) PLAN - $92,813 MICHAEL D FLOREA, 457(F) PLAN - $85,874 JAMES B. WOOD III, 457(F) PLAN - $76,054 MARC T TIMM, 457(F) PLAN - $74,609 WENDY SMITH, 457(F) PLAN - $71,418 PENNY R. HARRIS, 457(F) PLAN - $64,184 MARK C MICHAELS, 457(F) PLAN - $32,234 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS VOTE TO ELECT THE GOVERNING BODY (BOARD OF DIRECTORS). FORM 990, PART VI, SECTION A, LINE 7A MEMBERS IN ATTENDANCE AT THE ANNUAL MEETING APPROVED GOVERNING BODY'S ELECTION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 DATA IS COMPILED BY THE SR ACCOUNTANT, REVIEWED BY THE CONTROLLER, AND SENT TO THE CPA FIRM TO COMPLETE THE 990. THE DRAFT OF THE 990 IS PROVIDED TO THE CONTROLLER, CFO AND CEO FOR INTERNAL REVIEW. ONCE THAT IS COMPLETED THE 990 AND 990T IS UPLOADED TO THE BOARD WEBSITE AND ALL THE MEMBERS OF THE BOARD ARE NOTIFIED THAT IT IS NOW AVAILABLE FOR REVIEW. THIS IS ALL COMPLETED PRIOR TO THE SUBMISSION OF THE RETURNS TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL STAFF ARE PRESENTED WITH THE WRITTEN CONFLICT OF INTEREST POLICY ANNUALLY AND ARE REQUIRED TO SUBMIT A SIGNED CONFIRMATION TO HUMAN RESOURCES THAT THEY HAVE READ THE POLICY. EMPLOYEES ALSO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE WHICH REQUIRES THE DISCLOSURE OF ANY POTENTIAL CONFLICTS. MEMBERS OF THE BOARD OF DIRECTORS ARE ALSO REQUIRED TO SIGN CONFIRMING THEY HAVE REVIEWED THE POLICY. POTENTIAL CONFLICTS ARE REPORTED TO AND REVIEWED BY THE ENTERPRISE RISK MANAGEMENT DEPARTMENT, WHICH THEN DETERMINES THE APPROPRIATE PARTY TO DELIBERATE AND RESOLVE THE CONFLICT (E.G. BOARD, SUPERVISORY BOARD, CEO). FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES DEPARTMENT COMPILED INFORMATION FROM PROFESSIONAL INDEPENDENT SALARY SURVEYS (COMPANALYST/SALARY.COM, PEARL MEYER, MILLIMAN AND OTHER INDUSTRY SURVEYS). THIS INFORMATION WAS USED TO EVALUATE AND ESTABLISH COMPENSATION RATES WITHIN COMMUNITY, INDUSTRY, AND ASSET SIZE NORMS. BASED ON THESE STUDIES, THE CEO REVIEWS AND SETS THE COMPENSATION RATES OF SENIOR MANAGEMENT. THE BOARD OF DIRECTORS INDEPENDENTLY REVIEWED MARKET INFORMATION TO DETERMINE THE CEO'S COMPENSATION AND BENEFIT PACKAGE. A REVIEW BY HUMAN RESOURCES, USING PROFESSIONAL SALARY SURVEYS, CONFIRMED THAT THE CEO'S COMPENSATION RATE WAS WELL WITHIN THE COMPENSATION NORMS FOR SIMILAR POSITIONS WITHIN THE INDUSTRY, COMMUNITY, AND ASSET SIZE. THE LAST REVIEW OF COMPENSATION FOR THE CEO AND SENIOR MANAGEMENT WAS COMPLETED NOVEMBER 2022. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST COLUMBIA COMMUNITY CORPORATION PO BOX 324 VANCOUVER WA 98666 910617775 INACTIVE - USED TO BE WEALTH MANAGEMENT FUNCTION; COMBINED INTO CU IN 2004 WA 0 5000 COLUMBIA COMMUNITY CREDIT UNION