2023-11-10T13:48:28-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2022-01-01 910659059 HARBORSTONE CREDIT UNION HARB 2535898009 PO BOX 4207 TACOMA WA 98438 MARK FAIRBANKS SVP CHIEF FINANCIAL OFFICER 2535898009 2023-11-08 1 MARK FAIRBANKS XXX-XX-XXXX 0 MELISSA HANGSLEBEN P02087031 6022662248 2023-11-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GEOFF BULLOCK PO BOX 4207 TACOMA WA 98438 80106596 0 X WWW.HARBORSTONE.COM X 1955 WA HARBORSTONE CREDIT UNION EXISTS TO BE AN ANCHOR OF TRUST. 9 9 359 14 -142553 0 0 0 67416673 67873186 6562899 7591430 653959 1278341 74633531 76742957 709794 380740 3468155 3978357 25261699 28203543 0 0 0 25043165 30231379 54482813 62794019 20150718 13948938 1876992646 1861434553 1677773866 1704766600 199218780 156667953 THE CREDIT UNION IS A MEMBER OWNED, NOT FOR PROFIT, COOPERATIVE, OPERATED FOR THE PURPOSE OF CREATING A MEANS WHEREBY MEMBERS CAN PROVIDE EACH OTHER WITH NEEDED FINANCIAL SERVICE. 0 0 PROVIDING CONSUMER AND MORTGAGE LOANS FOR 39,446 MEMBERS TOTALING $1,099,400,957. PROVIDING BUSINESS LOANS TO 270 MEMBERS TOTALING $219,079,566. MAINTAINING DEPOSITS ON 86,432 MEMBERS AND BUSINESS ACCOUNTS TOTALING $1,664,063,308. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 20596 0 1 359 1 1 1 0 0 0 0 0 1 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X MARK FAIRBANKS 2535898009 PO BOX 4207 TACOMA WA 98438 ANN ANDERSON CHAIR 2.00 0.00 X X 32296 0 0 LINDA CRANE NELSON SECRETARY 2.00 0.00 X X 19870 0 0 IVAN BARRON DIRECTOR 2.00 0.00 X 22559 0 0 FRANKLIN DONAHOE DIRECTOR 2.00 0.00 X 18410 0 0 JAMES BUCK VICE CHAIR 2.00 0.00 X X 15927 0 0 RICK STEVENS DIRECTOR 2.00 0.00 X 16380 0 0 BONNIE KERN DIRECTOR 2.00 0.00 X 16934 0 0 MICHAEL GEDEON DIRECTOR 2.00 0.00 X 15377 0 0 SHELLIE WILLIS DIRECTOR 2.00 0.00 X 15927 0 0 PHIL JONES PRESIDENT & CEO (THRU 10/2022) 40.00 0.00 X 1437587 0 50176 FOREST HAYES SVP CHIEF FINANCIAL OFFICER 40.00 0.00 X 357451 0 54089 GEOFF BULLOCK PRESIDENT & CEO (BEGAN 10/2022) 40.00 0.00 X 263388 0 0 STEVE CROSBY SVP CHIEF OPERATIONS OFFICER 40.00 0.00 X 331562 0 51735 LISA STIRGUS SVP CHIEF EXPERIENCE OFFICER 40.00 0.00 X 301338 0 44127 MICHAEL DECIUS SVP CHIEF INFORMATION OFFICER 40.00 0.00 X 507149 0 47379 ROBERT LUETTJOHANN SVP CHIEF LENDING OFFICER 40.00 1.00 X 302548 0 46469 JAY OLSON VP BUSINESS BANKING 40.00 0.00 X 196213 0 14845 JAMES GRECO VP CONSUMER LENDING 40.00 0.00 X 179392 0 21785 ERIC ZITTEL VP TRAINING DEVELOPMENT 40.00 0.00 X 178914 0 37490 SCOTT BECKWITH VP CREDIT COLLECTIONS 40.00 0.00 X 194768 0 36552 THERESA WALYOR VP IT SYSTEMS 40.00 0.00 X 160483 0 29884 4584473 0 434531 34 0 1 0 NRC CORPORATION PO BOX 740641 LOS ANGELES CA 90074 ONLINE BANKING PROVIDER 2167641 COOK SOLUTIONS GROUP 9225 NE CASCADES PARKWAY PORTLAND OR 97220 ATM, TCR & SECURITY EQUIPMENT SERVICING 1049681 VISA USA PO BOX 742233 LOS ANGELES CA 90074 DEBIT & CREDIT CARD NETWORK PROCESSOR 891451 FIDELITY INFORMATION SERVICES INC PO BOX 4535 CAROL STREAM IL 60197 CORE PROCESSOR, CHECK PROCESSING 743895 THE ELEMENT GROUP 155 BREWERY LANE STE 1 PORTSMOUTH NH 03801 GENERAL CONTRACTOR LABOR 646997 24 INTEREST FROM LOANS 522100 56969001 56969001 INTERCHANGE INCOME 522100 6843983 6843983 FEE INCOME 522100 2164276 2362344 -198068 NONSUFFICIENT FUNDS AND OVERDRAFT 522100 1128146 1128146 REVENUE-SHARING INCOME 522100 701794 701794 65986 10471 55515 67873186 7856444 7856444 179146 67250 111896 111896 111896 2983638 47737 3236449 59940 -252811 -12203 -265014 -265014 MISCELLANEOUS REVENUE 900099 634077 634077 NCUA DIVIDENDS 900099 532368 532368 1166445 76742957 68015739 -142553 8869771 380740 3978357 3968679 17336026 2438102 2787010 1673726 42614 214611 5075087 1915004 2261611 2037290 498336 286554 1289873 2196568 240125 PROVISION FOR LOAN LOSS 5233696 LOAN SERVICING 4098186 REPAIRS AND MAINTENANCE 2399981 ATM PROCESSING 934098 1507745 62794019 4534773 5269112 103606332 70355914 6182925 6310819 3962827 3610520 1272783260 1323573699 4102320 3263827 57892005 33144385 24497788 24747620 402768222 366209482 2349742 3797083 799317 307024 51405140 53989453 1876992646 1861434553 12968549 16394653 25109431 1664805317 1663262516 1677773866 1704766600 X 0 0 0 0 199218780 156667953 199218780 156667953 1876992646 1861434553 X 13948938 -58041564 1541799 X X 0 1 X 1 0 6703187 6703187 23551224 11645782 11905442 7132700 4475830 2656870 20066429 17022773 3043656 438465 438465 24747620 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1663262516 1663262516 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE. 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 UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S 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 UNION'S 2019 THROUGH 2021 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. 1 CAREER PATH SERVICES - BANKWORK 10 N POST ST STE 200 SPOKANE WA 99201 911032846 501(C)(3) 10000 0 TO SUPPORT BANKWORK$ PIERCE COUNTY BIG BACKYARD 5K 10028 136TH AVE NE KIRKLAND WA 98033 273388960 501(C)(3) 7000 0 SPONSORSHIP TO SUPPORT KING COUNTY PARKS AND OPERATIONS SOUND OUTREACH 1106 MARTIN LUTHER KING JR WAY TACOMA WA 98405 911741624 501(C)(3) 31000 0 HELP LOW INCOME COMMUNITIES THROUGH FINANCIAL COACHING, SERVICES AND JOB TRAINING YWCA SEATTLE 1118 FIFTH AVENUE SEATTLE WA 98101 910482890 501(C)(3) 10000 0 TO SUPPORT BANKWORK$ KING COUNTY AMERICAN CANCER SOCIETY OF WASHINGTON INC 1324 FOREST AVE STE 420 STATEN ISLAND NY 10302 814392579 501(C)(3) 10000 0 SPONSORSHIP TO SUPPORT 5 WALKS BUSINESS IMPACT NW (SEATTLE ECONOMIC DEVELOPMENT) 1437 S JACKSON ST SEATTLE WA 98144 911764008 501(C)(3) 50000 0 SUPPORT SMALL BUSINESS AND WA STATE GRADUATES STARTING THEIR OWN BUSINESS GREENTRIKE DBA CHILDREN'S MUSEUM OF TACOMA 1501 PACIFIC AVE STE 202 TACOMA WA 98402 943036465 501(C)(3) 6000 0 TO SUPPORT THE OPERATIONS OF CHILDERN'S MUSEUM AT JBLM JUNIOR ACHIEVEMENT OF WASHINGTON 1700 WESTLAKE AVE SUITE 400 SEATTLE WA 98109 910604913 501(C)(3) 60650 0 CREATING A STOREFRONT TO SUPPORT AND EDUCATE YOUTH ON FINANCIAL SERVICES BOYS AND GIRLS CLUB OF SOUTH PUGET SOUND 3875 S 66TH ST STE 101 TACOMA WA 98409 910759832 501(C)(3) 12500 0 SUPPORT LEGACY OF HOPE EVENT KING COUNTY EMPLOYEE GIVING PROGRAM 401 5TH AVE 2ND FLOOR SEATTLE WA 98104 916001327 KING COUNTY 7500 0 UNRESTRICTED CAROL MILGARD BREAST CANCER 4525 S 19TH ST TACOMA WA 98405 262377858 501(C)(3) 20000 0 SUPPORT MAMMOGRAMS SAVE LIVES EVENT LAKEWOOD MULTICULTURAL COALITION 6000 MAIN ST SW LAKEWOOD WA 98499 604340264 501(C)(3) 10000 0 PLEDGE TO SUPPORT DIVERSITY IN OUR COMMUNITIES BOYS AND GIRLS CLUB OF KING COUNTY 603 STEWART ST STE 300 SEATTLE WA 98101 910759832 501(C)(3) 10000 0 SUPPORT SOUTHWEST CLUBS UNITED WAY OF KING COUNTY 720 2ND AVE SEATTLE WA 98104 910650669 501(C)(3) 7500 0 SPONSOR COMMUNITY BBQ EVENT PIKE PLACE MARKET FOUNDATION 93 PIKE ST SUITE 310 SEATTLE WA 98101 911197625 501(C)(3) 21000 0 SUPPORT LOW INCOME NEIGHBORHOODS UNITED WAY OF PIERCE COUNTY PO BOX 2215 TACOMA WA 98401 910650669 501(C)(3) 12760 0 POVERTY TO POSSIBILITIES GAME CHANGES SPONSORSHIP 16 0 PART I, LINE 2: REQUESTS FOR GRANTS ARE EVALUATED BY THE CREDIT UNION QUARTERLY. ORGANIZATIONS REQUESTING OR RECEIVING GRANTS UNDER $2,500 MUST PROVIDE THEIR IRS EXEMPTION LETTER STATING THEY ARE A 501(C)(3), A CORPORATE GIVING APPLICATION PRODUCED BY THE CREDIT UNION, A COMPLETED BUDGET FOR THE EVENT OR PROJECT AND EXPLAIN THE SOURCES OF REVENUE AND SUPPORTING DOCUMENTATION FOR USE OF FUNDS. THE CORPORATE GIVING APPLICATION REQUESTS THE GRANT'S PURPOSE, HOW THE FUNDS WILL BE USED AND HOW THE FUNDS WILL IMPACT THE LOCAL COMMUNITY. X X 1 1 X X X X 0 1 0 PHIL JONES PRESIDENT & CEO (THRU 10/2022) 637882 0 305064 0 494641 0 36600 0 13576 0 1487763 0 494641 0 MICHAEL DECIUS SVP CHIEF INFORMATION OFFICER 245838 0 55311 0 206000 0 36551 0 10828 0 554528 0 206000 0 FOREST HAYES SVP CHIEF FINANCIAL OFFICER 291856 0 65595 0 0 0 36600 0 17489 0 411540 0 0 0 STEVE CROSBY SVP CHIEF OPERATIONS OFFICER 268656 0 62906 0 0 0 36600 0 15135 0 383297 0 0 0 ROBERT LUETTJOHANN SVP CHIEF LENDING OFFICER 244345 0 58203 0 0 0 36575 0 9894 0 349017 0 0 0 LISA STIRGUS SVP CHIEF EXPERIENCE OFFICER 242874 0 58464 0 0 0 34233 0 9894 0 345465 0 0 0 GEOFF BULLOCK PRESIDENT & CEO (BEGAN 10/2022) 88388 0 175000 0 0 0 0 0 0 0 263388 0 0 0 SCOTT BECKWITH VP CREDIT COLLECTIONS 177108 0 17660 0 0 0 23471 0 13081 0 231320 0 0 0 ERIC ZITTEL VP TRAINING DEVELOPMENT 162620 0 16294 0 0 0 21388 0 16102 0 216404 0 0 0 JAY OLSON VP BUSINESS BANKING 189055 0 7158 0 0 0 5324 0 9521 0 211058 0 0 0 JAMES GRECO VP CONSUMER LENDING 162190 0 17202 0 0 0 12580 0 9205 0 201177 0 0 0 THERESA WALYOR VP IT SYSTEMS 146690 0 13793 0 0 0 19408 0 10476 0 190367 0 0 0 PART I, LINE 1B FIRST-CLASS OR CHARTER TRAVEL: FIRST-CLASS TRAVEL ON LONG-DISTANT FLIGHTS IS PROVIDED TO THE BOARD CHAIR DUE TO A CHRONIC MEDICAL CONDITION. TRAVEL FOR COMPANIONS: SPOUSES/COMPANIONS ARE ALLOWED TO TRAVEL WITH EXECUTIVE MANAGEMENT AND BOARD MEMBERS AND IS LIMITED TO $600. PART I, LINE 4B THE CREDIT UNION HAS DEFERRED COMPENSATION AGREEMENTS WITH MEMBERS OF THE EXECUTIVE MANAGEMENT TEAM THAT PROVIDE BENEFITS PAYABLE TO THESE EMPLOYEES IF THEY REMAIN EMPLOYED BY THE CREDIT UNION UNTIL A SPECIFIC DATE. IF THESE EMPLOYEES BECOME FULLY DISABLED OR UPON DEATH, A PORTION OF THE BENEFIT WILL BE DISBURSED AS DEFINED IN THE AGREEMENTS. THE BENEFITS ARE SUBJECT TO FORFEITURE IF EMPLOYMENT IS TERMINATED FOR CAUSE OR IF THE EMPLOYEE IS NO LONGER EMPLOYED BY THE CREDIT UNION ON THE PAYMENT DATE AS DEFINED. NO EMPLOYEES RECEIVED CONTRIBUTIONS UNDER THIS PLAN DURING 2022. THE FOLLOWING EMPLOYEES RECEIVED DISTRIBUTIONS FROM THIS PLAN DURING 2022. PHIL JONES - $494,641 MICHAEL DECIUS - $206,000 ANN ANDERSON BOARD CHAIR HELOC X 100000 69585 0 1 1 ANN ANDERSON BOARD CHAIR VEHICLE X 26656 26391 0 1 1 ANN ANDERSON BOARD CHAIR MORTGAGE X 278500 235891 0 1 1 FOREST HAYES SVP CHIEF FINANCIAL OFFICER VEHICLE X 28108 22142 0 1 1 FOREST HAYES SVP CHIEF FINANCIAL OFFICER MORTGAGE X 480000 346736 0 1 1 FOREST HAYES SVP CHIEF FINANCIAL OFFICER VEHICLE X 15000 7619 0 1 1 LISA STIRGUS SVP CHIEF EXPERIENCE OFFICER MORTGAGE X 520000 481987 0 1 1 LISA STIRGUS SVP CHIEF EXPERIENCE OFFICER INSTALLMENT X 10000 1977 0 1 1 LISA STIRGUS SVP CHIEF EXPERIENCE OFFICER HELOC X 250000 139939 0 1 1 MICHAEL GEDEON BOARD MEMBER MORTGAGE X 563000 496770 0 1 1 MIKE DECIUS SVP CHIEF INFORMATION OFFICER VEHICLE X 43530 13307 0 1 1 MIKE DECIUS SVP CHIEF INFORMATION OFFICER VEHICLE X 30307 3422 0 1 1 MIKE DECIUS SVP CHIEF INFORMATION OFFICER MORTGAGE X 513000 459842 0 1 1 ROBERT LUETTJOHANN SVP CHIEF LENDING OFFICER MORTGAGE X 800000 754650 0 1 1 STEVE CROSBY SVP CHIEF OPERATIONS OFFICER MORTGAGE X 570000 494506 0 1 1 STEVE CROSBY SVP CHIEF OPERATIONS OFFICER HELOC X 75000 30570 0 1 1 STEVE CROSBY SVP CHIEF OPERATIONS OFFICER VEHICLE X 54085 25186 0 1 1 3610520 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD MAY ELECT AN EXECUTIVE COMMITTEE OF NOT FEWER THAN 3 DIRECTORS TO SERVE AT ITS PLEASURE. UNLESS OTHERWISE CHANGED BY THE BOARD BY RESOLUTION, THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE BOARD OFFICERS. THE EXECUTIVE COMMITTEE SHALL MEET AS OFTEN AS NECESSARY AS CALLED BY THE CHAIRPERSON. AT ALL MEETINGS OF THE EXECUTIVE COMMITTEE, EACH DIRECTOR PRESENT SHALL HAVE ONE VOTE ON ANY MATTER AND EXCEPT AS OTHERWISE PROVIDED BY THE ACT OR THESE BYLAWS, THE ACTION OF A MAJORITY OF EXECUTIVE COMMITTEE MEMBERS AT A MEETING SHALL BE THE ACT OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE WILL HAVE THE AUTHORITY TO EXERCISE ALL OF THE POWERS OF THE BOARD, EXCEPT THAT THE EXECUTIVE COMMITTEE WILL NOT HAVE THE AUTHORITY OF THE BOARD IN REFERENCE TO: - AMENDING THE CREDIT UNION'S BYLAWS OR ARTICLES OF INCORPORATION; - EXERCISING THE NON-DELEGABLE POWERS UNDER THE ACT; - REMOVING OR SUSPENDING OFFICERS FROM THEIR OFFICE OR COMMITTEE MEMBERS FROM THEIR COMMITTEES; - APPOINTING INTERIM DIRECTORS; - SUSPEND BOARD OR SUPERVISORY COMMITTEE MEMBERS; AND - ADOPTING A PLAN OF MERGER OR LIQUIDATION, OR CHANGING THE CHARTER OF THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 6 PARTICIPATION IN THIS CREDIT UNION IS LIMITED TO THOSE WHO QUALIFY FOR MEMBERSHIP AS DEFINED IN THE CREDIT UNION'S CHARTER AND BYLAWS. THIS GENERALLY CONSISTS OF THOSE WHO LIVE, WORK, WORSHIP, OR GO TO SCHOOL IN THE STATE OF WASHINGTON. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, THE SPOUSE OF A MEMBER, THE BLOOD OR ADOPTIVE RELATIVES OF EITHER OF THEM AND THEIR SPOUSES MAY BE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING. ONCE THIS DETAILED REVIEW IS COMPLETE, THE DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, ALL EMPLOYEES & VOLUNTEERS ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY. SIGNATURES ARE OBTAINED VERIFYING THAT THEY ATTEST TO HAVING READ THE POLICY. ADDITIONALLY, EACH NEW EMPLOYEE HIRED BY THE CREDIT UNION REVIEWS THE CONFLICT OF INTEREST POLICY ON THEIR FIRST DAY OF EMPLOYMENT. IF A SITUATION ARISES INVOLVING A CONFLICT OF INTEREST, IT SHALL BE REPORTED TO THE PRESIDENT/CEO OR TO THE CHAIR OF THE BOARD OF DIRECTORS, AS APPLICABLE, IN ORDER TO PERMIT CONSIDERATION OF THE CIRCUMSTANCES AND THEREBY TO RELIEVE THE INDIVIDUAL(S) REPORTING SUCH A CONFLICT FROM LIABILITY. EACH INSTANCE OF A CONFLICT OF INTEREST SHALL BE ADDRESSED DURING THE NEXT BOARD MEETING FOLLOWING ITS SUBMISSION. ANY DISCUSSION CONCERNING THE CONFLICT OF INTEREST SHALL BE NOTED IN THE MINUTES OF THE MEETING. A MEMBER OF THE BOARD OF DIRECTORS SHALL NOT VOTE ON ANY CONFLICT OF INTEREST ITEM CONCERNING HIM/HERSELF. FORM 990, PART VI, SECTION B, LINE 15 WE UTILIZE VARIOUS REPUTABLE, THIRD-PARTY MARKET DATA SOURCES (MILLIMAN, CUES, ETC.) TO AID IN SETTING THE COMPENSATION OF THE PRESIDENT/CEO. COMPENSATION DECISIONS FOR THE PRESIDENT/CEO ARE MADE BY THE BOARD OF DIRECTORS. COMPENSATION IS REVIEWED ANNUALLY AND AS SUCH WAS REVIEWED IN 2022. THE COMPENSATION DECISION IS DOCUMENTED IN THE EMPLOYEE'S PERSONNEL FILE. WE UTILIZE VARIOUS REPUTABLE, THIRD-PARTY MARKET DATA SOURCES (MILLIMAN, CUES, ETC.) TO AID IN SETTING THE COMPENSATION OF OUR OTHER OFFICERS AND KEY EMPLOYEES. GENERALLY, FINAL COMPENSATION DECISIONS ARE MADE BY THE SENIOR VICE PRESIDENT/CHIEF OPERATIONS OFFICER. COMPENSATION DECISIONS FOR THE EXECUTIVE VICE PRESIDENT AND ALL OTHER SENIOR VICE PRESIDENT POSITIONS ARE MADE BY THE PRESIDENT/CEO. THIS DECISION IS REVIEWED ANNUALLY AND AS SUCH WAS REVIEWED IN 2022. THE COMPENSATION DECISION IS DOCUMENTED IN THE EMPLOYEE'S PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 641,799. REVERSAL OF OVER ACCRUED LEGAL EXPENSES 900,000. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. CU SERVICES GROUP LLC 9611 GRAVELLY LAKE DR SW LAKEWOOD WA 98499 262064794 BUSINESS LENDING WA 683338 13684593 HARBORSTONE CREDIT UNION