2023-06-12T11:44:28-05:00 2022-07-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2022-01-01 910620799 GLOBAL CREDIT UNION GLOB 5094554700 1500 W FOURTH AVENUE SPOKANE WA 99201 CHARLES T CASSELS CFO 5094554700 2023-06-08 1 CHARLES CASSELS 999009999 0 EMINA O CRESSWELL CPA P01217304 5097472600 2023-06-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X JACK FALLIS 1500 W FOURTH AVENUE SPOKANE WA 99201 50857174 0 X WWW.GLOBALCU.ORG X 1954 WA THE ORGANIZATION IS A CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES. X 7 6 177 10 285571 0 0 0 29859277 17482479 590216 -4893316 183644 -6730 30633137 12582433 95500 0 0 0 13602005 7896778 0 0 0 12293145 8250057 25990650 16146835 4642487 -3564402 613886782 0 562902090 0 50984692 0 THE ORGANIZATION IS A CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES. 0 0 THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO 46,323 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 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 0 1 9323 0 1 177 1 1 1 0 0 0 0 0 0 0 X 7 6 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 ID X TIM CASSELS 5094554700 1500 W FOURTH AVENUE SPOKANE WA 99201 JACK L FALLIS JR PRESIDENT/CEO/TREASURER 40.00 1.00 X X 809832 0 32887 THOMAS A PAULEY BOARD CHAIRMAN 5.00 1.00 X 0 0 0 HAROLD WESTBROOK BOARD VICE CHAIRMAN 5.00 1.00 X 0 0 0 MARC HUGHES BOARD SECRETARY 6.00 1.00 X 0 0 0 JOSE M TORTORELLI DIRECTOR 8.00 1.00 X 0 0 0 RONA RITCHIE DIRECTOR 6.00 1.00 X 0 0 0 MILLARD BUSCH DIRECTOR 6.00 X 0 0 0 MARY STARKEY EVP/CHIEF OPERATING OFFICER 40.00 X 231595 0 12694 CHARLES T CASSELS VP/CHIEF FINANCIAL OFFICER 40.00 X 200942 0 11336 KIM SHILL VP/CHIEF LENDING OFFICER 40.00 X 167155 0 10355 DAVID CUMMINGS VP/CHIEF INFORMATION OFFICER 40.00 X 146830 0 10101 KAY KEYSER REAL ESTATE LENDING MANAGE 40.00 X 143816 0 11588 YVONNE HOLLAND VP OF BRANCH OPERATIONS 40.00 X 124209 0 9277 ABIGAIL FRANKLIN VP/CHIEF MARKETING/STRATEGY OFFICER 40.00 X 123801 0 7044 1948180 0 105282 8 0 1 0 JACK HENRY & ASSOCIATESINC PO BOX 609 MONETT MO 65708 IT/CORE SYSTEM LICENSE & MAINTENANCE 512576 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 900740641 ONLINE AND E-SERVICE LICENSE & MAINTENAN 464316 COOK SECURITY GROUP 9225 NE CASCADES PKWY PORTLAND OR 97220 SECURITY SYSTEM SUPPLIER 330330 QWEST LONG DISTANCE BUSINESS SERVICESCE PO BOX 52187 PHOENIX AZ 85072 TELECOMMUNICATIONS 257872 LOOMIS DEPT CH 1050 PALETINE IL 600550500 ARMORED CAR & CURRENCY 213731 13 LOAN INTEREST 522100 12783447 12783447 VISA/DEBIT CARD INCOME 522100 2173366 2173366 OTHER INCOME 524298 1344602 1344602 FEE INCOME 522100 1181064 895493 285571 17482479 322850 322850 404199 410929 -6730 -6730 -6730 32647646 37863812 -5216166 -5216166 -5216166 12582433 17196908 285571 -4900046 1633724 5019786 179551 530739 532978 17587 30087 280794 378707 630002 1183666 573060 239404 39364 775229 1201577 63943 LOAN SERVICING 1088888 MERGER RELATED EXPENSES 801840 OTHER OPERATING EXPENSE 433687 MEMBER SERVICING 280476 231746 16146835 8814312 0 28081570 0 0 8955829 0 8163003 0 0 455635359 0 0 2453577 0 0 0 22891723 0 0 45198410 0 0 0 33692999 0 613886782 0 3232139 0 41761 0 9000000 0 550628190 0 562902090 0 X 0 0 0 0 50984692 0 50984692 0 613886782 0 X -3564402 -994978 -46425312 X 0 0 0 5609 5609 5609 1 CREDIT UNION LEGISLATIVE ACTION FUND 18000 INTERNATIONAL BLVD SUITE 350 SEATAC WA 98188 800043051 5609 PART I-A, LINE 1: THE CREDIT UNIONS ONLY INDIRECT POLITICAL CAMPAIGN ACTIVITY IS A CONTRIBUTION TO THE CREDIT UNION LEGISLATIVE ACTION COMMITTEE. 0 1 X 0 PART IV, LINE 2B: THE CREDIT UNION HAS SHORT TERM HOLDINGS OF MEMBER ESCROW FUNDS THAT GET TRANSMITTED TO DMI FOR PAYMENTS. DMI SERVICES THE PAYMENTS WHICH INCLUDE COUNTY TAX PAYMENTS AND INSURANCE. THE ESCROW FUNDS AND LIABILITY HAVE BEEN ASSUMED BY ALASKA USA CREDIT UNION AS PART OF THE MERGER. X X 1 1 X X X 0 1 0 JACK L FALLIS JR PRESIDENT/CEO/TREASURER 470192 0 332666 0 6974 0 15250 0 17637 0 842719 0 50046 0 MARY STARKEY EVP/CHIEF OPERATING OFFICER 175522 0 54729 0 1344 0 7820 0 4874 0 244289 0 5471 0 CHARLES T CASSELS VP/CHIEF FINANCIAL OFFICER 153494 0 45987 0 1461 0 6462 0 4874 0 212278 0 5913 0 KIM SHILL VP/CHIEF LENDING OFFICER 128159 0 38996 0 0 0 5481 0 4874 0 177510 0 6894 0 DAVID CUMMINGS VP/CHIEF INFORMATION OFFICER 109397 0 37433 0 0 0 5262 0 4839 0 156931 0 1816 0 KAY KEYSER REAL ESTATE LENDING MANAGE 78040 0 65776 0 0 0 6714 0 4874 0 155404 0 5207 0 YVONNE HOLLAND VP OF BRANCH OPERATIONS 92893 0 31316 0 0 0 4403 0 4874 0 133486 0 2171 0 ABIGAIL FRANKLIN VP/CHIEF MARKETING/STRATEGY OFFICER 95592 0 28209 0 0 0 2170 0 4874 0 130845 0 10738 0 PART I, LINE 1A TRAVEL FOR COMPANIONS MAY BE ALLOWED WITH BOARD APPROVAL FOR SPOUSE/COMPANION. THE EXPENSE MUST BE APPROVED IN ADVANCE AND A BUSINESS NEED ESTABLISHED. HEALTH CLUB DUES ARE PAID FOR JACK FALLIS, MARY STARKEY AND CHARLES T. CASSELS. THE AMOUNTS ARE INCLUDED IN THEIR RESPECTIVE TAXABLE WAGES. PART I, LINE 4B JACK FALLIS CEO, PARTICIPATES IN SPLIT DOLLAR LOAN ARRANGEMENT AS DISCLOSED ON SCHEDULE L. THE SPLIT DOLLAR LOAN WAS ASSUMED BY ALASKA USA CREDIT UNION AS PART OF THE MERGER. THE BALANCE DUE AT 07/31/22 WAS $8,218,367. JACK FALLIS CEO EXECUTIVE COMPENSATION X 7906878 0 0 1 1 CASH AND CASH EQUIVALENTS 2022-07-31 34220072 CASH 920019874 ALASKA USA CREDIT UNION 4000 CREDIT UNION DRIVE ANCHORAGE AK 99503 501(C)1 LOANS 2022-07-31 505131809 3RD PARTY VALUATION 920019874 ALASKA USA CREDIT UNION 4000 CREDIT UNION DRIVE ANCHORAGE AK 99503 501(C)1 FIXED ASSETS 2022-07-31 22368336 APPRAISAL AND BOOK VALUE 920019874 ALASKA USA CREDIT UNION 4000 CREDIT UNION DRIVE ANCHORAGE AK 99503 501(C)1 NCUA DEPOSIT 2022-07-31 5079921 BOOK VALUE 920019874 ALASKA USA CREDIT UNION 4000 CREDIT UNION DRIVE ANCHORAGE AK 99503 501(C)1 CREDIT UNION OWNED LIFE INSURANCE 2022-07-31 5486374 CASH SURRENDER VALUE 920019874 ALASKA USA CREDIT UNION 4000 CREDIT UNION DRIVE ANCHORAGE AK 99503 501(C)1 INTEREST RECEIVABLE 2022-07-31 1614888 BOOK VALUE 920019874 ALASKA USA CREDIT UNION 4000 CREDIT UNION DRIVE ANCHORAGE AK 99503 501(C)1 FHLB STOCK 2022-07-31 726800 BOOK VALUE 920019874 ALASKA USA CREDIT UNION 4000 CREDIT UNION DRIVE ANCHORAGE AK 99503 501(C)1 OTHER ASSETS 2022-07-31 27543289 BOOK VALUE 920019874 ALASKA USA CREDIT UNION 4000 CREDIT UNION DRIVE ANCHORAGE AK 99503 501(C)1 DEPOSITS ASSUMED 2022-07-31 -545440968 3RD PARTY VALUATION 920019874 ALASKA USA CREDIT UNION 4000 CREDIT UNION DRIVE ANCHORAGE AK 99503 501(C)1 OTHER LIABILITIES ASSUMED 2022-07-31 -2507847 BOOK VALUE 920019874 ALASKA USA CREDIT UNION 4000 CREDIT UNION DRIVE ANCHORAGE AK 99503 501(C)1 ACCRUED TRANSACTION EXPENSES 2022-07-31 801840 BOOK VALUE 920019874 ALASKA USA CREDIT UNION 4000 CREDIT UNION DRIVE ANCHORAGE AK 99503 501(C)1 0 1 0 0 1 1 1 0 0 PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: THE FOLLOWING OFFICERS/KEY EMPLOYEES BECAME OFFICERS OF THE SUCCESSOR ORGANIZATION:JACK FALLISMARY STARKEYKIM SHILLABIGAIL FRANKLINCHARLES T. CASSELSJACK FALLIS RECEIVED COMPENSATION RELATED TO A CHANGE IN CONTROL AGREEMENT PAID BY THE SUCCESSOR ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION OPERATES AS A CREDIT UNION CONSISTING OF ONE CLASS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE GOVERNING BODY ARE ELECTED BY VOTE OF THE CREDIT UNION MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE CREDIT UNION'S FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER WHO THEN REPORTS TO THE PRESIDENT/CEO. THE PRESIDENT/CEO THEN PROVIDES A COPY OF THE 990 TO BE REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS DESCRIBED IN THE EMPLOYEE HANDBOOK. CONFLICTS OF INTEREST ARE REVIEWED BY MANAGEMENT. DEPENDING ON THE SEVERITY OF THE CONFLICT, EMPLOYEES ARE PLACED ON PROBATION OR TERMINATED. DIRECTORS/SUPERVISORY COMMITTEE MEMBERS MUST ACKNOWLEDGE THE "BOARD OF DIRECTOR'S ETHICS/CONFLICT OF INTEREST POLICY" EACH YEAR, TYPICALLY IN MARCH. THE POLICY STRICTLY PROHIBITS MOST CONFLICTS (GIFTS, SOLICITATIONS, LEGACIES, INFORMATION INTERLOCKS, COMMISSION, ETC). LOANS ARE THE EXCEPTION, IN WHICH CASE THE ENTIRE BOARD MUST APPROVE THEM INDIVIDUALLY AND THEY CANNOT BE PREFERENTIAL. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR REVIEWING THE COMPENSATION PAID TO THE ORGANIZATION'S CEO, OFFICERS, AND EMPLOYEES INCLUDES A COMPENSATION STUDY, AND REVIEW AND APPROVAL OF COMPENSATION BY A COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AT THE MAIN OFFICE. FORM 990, PART XI, LINE 9: GLOBAL CREDIT UNION MERGED INTO ALASKA USA CREDIT UNION ON JULY 31, 2022. -46,425,312. MEMBERS SERVICE GROUP INC PO BOX 3200 SPOKANE WA 99220 911316353 CUSO - INSURANCE PRODUCTS AND PAYDAY LENDING WA GLOBAL CREDIT UNION C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0