2025-05-14T15:17:09-05:00 2024-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2024-01-01 910617775 COLUMBIA COMMUNITY CREDIT UNION COLU 3608914000 PO BOX 324 VANCOUVER WA 98666 LINDSEY SALVESTRIN PRESIDENT/CEO 3608914000 2025-05-13 1 1 WENDY CAMPOS P00448102 5032421447 2025-05-12 2024 2025-03-06 01:10:19Z LINDSEY SALVESTRIN PO BOX 324 VANCOUVER WA 98666 140035272 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 9 365 0 2265706 0 0 0 104624669 123915432 13293893 14034911 0 0 117918562 137950343 352010 271742 0 0 33430003 33269612 0 0 0 58184712 81857526 91966725 115398880 25951837 22551463 2351701367 2446437301 2105046618 2176241397 246654749 270195904 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 39885 0 1 365 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 JOSEPH VANCE CHAIR 2.30 X X 25298 0 0 MAX AULT VICE CHAIR 2.30 X X 20599 0 0 DENA STRONG TREASURER 2.30 X X 20000 0 0 TRACEY MALONE SECRETARY 2.30 X X 20000 0 0 JUDY KUSCHEL DIRECTOR 2.30 X 6250 0 0 JULIANNA MARLER DIRECTOR 2.30 X 15444 0 0 ERIC SAWYER DIRECTOR 2.30 X 16753 0 0 TIM SCHAUER DIRECTOR 2.30 X 20599 0 0 CAROL VAN NATTA DIRECTOR 2.30 X 18334 0 0 MARCI WHITE-STUMPF DIRECTOR THROUGH APRIL 2024 2.30 X 9349 0 0 LINDSEY SALVESTRIN PRESIDENT & CEO 50.00 X 943425 0 210964 PENNY HARRIS CHIEF FINANCIAL OFFICER 40.00 X 323393 0 91230 MARC TIMM CHIEF CREDIT AND LENDING OFFICER 40.00 X 556725 0 90263 HEATHER FRIEND CHIEF OPERATING OFFICER 40.00 X 172934 0 34721 MICHAEL FLOREA CHIEF DATA OFFICER 40.00 X 428973 0 91296 COLLEEN BOCCIA CHIEF EXPERIENCE OFFICER 40.00 X 506255 0 89300 MARK MICHAELS CHIEF INFORMATION OFFICER 40.00 X 358999 0 70792 WENDY SMITH CHIEF RISK OFFICER 40.00 X 425287 0 79528 JAMES WOOD CHIEF ADMINISTRATIVE OFFICER 40.00 X 392829 0 66715 SAMANTHA SANDFORD VP COMMERCIAL RELATIONSHIP MANAGER 40.00 X 230138 0 23885 TIFFANY MCGUIRE VP BRANCH SERVICES 40.00 X 239251 0 29834 JOSEPH STORM VP DIRECTOR COMMERCIAL & BUSINESS SERVICES 40.00 X 314748 0 18337 NICOLE ARNESON VP TECHNOLOGY OPERATIONS 40.00 X 205869 0 12448 MICHAEL ROSENBERG VP MARKETING 40.00 X 209146 0 40467 5480598 0 949780 77 0 1 0 FISERV INC 255 FISERV DR BROOKFIELD WI 53045 SOFTWARE SUPPORT/MAINTENANCE/LICENSES & 3852379 NCR CORPORATION 864 SPRING ST NW ATLANTA GA 30308 PC BANKING/E-STMT PROCESSING/ATM UNITS W 2611015 STRUCTURED COMMUNICATION SYSTEM INC 12901 SE 97TH AVE STE 400 CLACKAMAS OR 97015 SOFTWARE/HARDWARE MAINTENANCE, SUPPORT 1458774 CDW LLC PO BOX 75725 CHICAGO IL 60675 INFORMATION TECHNOLOGY PRODUCTS, SUPPORT 669978 CORNERSTONE ADVISORS OF ARIZONA LLC 7272 E INDIAN SCHOOL RD STE 400 SCOTTSDALE AZ 85251 CONTRACT NEGOTATION 646603 61 INT & FEES ON LOANS 522100 103666429 103666429 ATM INCOME 522100 9023929 8943922 80007 FEES & SERVICE CHARGES 522100 5508885 3390137 2118748 MISC OPERATING INCOME 522100 4713423 4646472 66951 GAIN ON SALE OF LOANS 522100 1002766 1002766 123915432 14049708 14049708 2070132 2084818 111 -14686 -111 -14797 -14797 137950343 121649726 2265706 14034911 271742 5106252 21054837 1118505 3919671 2070347 82761 344093 23056 82754 1926134 1893044 3442680 11862512 2249132 240109 37476881 2398974 541342 PROVISION FOR LOAN LOSS 13117857 LOAN SERVICING EXPENSES 3191660 MISC OPERATING EXPENSE 1467850 STAFF AND OFFICIAL EXPE 1395716 120971 115398880 165258027 15835836 188761152 214823 24938536 1890608123 1961644923 3221612 3649437 60742069 37131620 24587615 23610449 230734288 185857608 2300154 4439771 34776725 37699589 2351701367 2446437301 24191785 23657969 912054 583797 2079942779 2151999631 2105046618 2176241397 X 0 0 0 0 246654749 270195904 246654749 270195904 2351701367 2446437301 22551463 989692 0 X 0 1 X 1 0 23056 0 23056 23056 1 NORTHWEST CREDIT UNION ASSOCIATION 18000 INTERNATIONAL BOULEVARD SUIT SEATAC WA 98188 910460483 23056 PART I-A, LINE 1: INDIRECT POLITICAL CAMPAIGN ACTIVITY THROUGH CONTRIBUTIONS TO OTHER ORGANIZATIONS; CREDIT UNION LEGISLATIVE ACTION FUND 0 1 X 5825213 5825213 30512306 15747762 14764544 3511905 3318058 193847 19981787 18065800 1915987 910858 910858 23610449 MEMBERS' SHARE AND SAVINGS ACCOUNTS 2101999631 FHLB SHORT TERM BORROWINGS 50000000 2151999631 X PART IV, LINE 2B: ESCROW ACCOUNTS ARE FOR MEMBER REAL ESTATE LOANS TO PAY REAL ESTATE TAXES. PART X, LINE 2: THE CREDIT UNION IS STATE CHARTERED AND FEDERALLY TAX EXEMPT UNDER THE INTERNAL REVENUE CODE 501(C)(14), EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME. THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2024 AND 2023. THE CREDIT UNION RECOGNIZES THE ACCRUAL OF INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS A TAX EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2024 AND 2023, THE CREDIT UNION RECOGNIZED NO MATERIAL INTEREST OR PENALTIES. THE INCOME FROM THE CUSO, ORGANIZED AS A CORPORATION, FLOWS THROUGH TO THE CREDIT UNION, AND THEREFORE IS NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES. 1 ASSOCIATION OF WASHINGTON BUSINESS PO BOX 658 OLYMPIA WA 985070658 910496803 501 (C) (6) 5653 0 SUPPORT FOR LOCAL ECONOMY GROWTH AND EDUCATION PROGRAMS THROUGH EVENT SPONSORSHIPS BOYS & GIRLS CLUB OF SW WASHINGTON 5109 NE 82ND AVE STE 205 VANCOUVER WA 98662 911978646 501 (C) (3) 25000 0 SUPPORT FOR PROGRAMS FOR AT-RISK YOUTH THROUGH EVENT SPONSORSHIP BUILDING INDUSTRY ASSOCIATION 103 E 29TH ST VANCOUVER WA 98663 910906923 501 (C) (3) 9000 0 SUPPORT FOR LOCAL ECONOMY GROWTH AND EDUCATION PROGRAMS THROUGH EVENT SPONSORSHIPS CHILDRENS MIRACLE NETWORK 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 870387205 501 (C) (3) 10000 0 SUPPORT FOR PROGRAMS AND RESEARCH FOR CHILDREN'S HEALTHCARE THROUGH EVENT SPONSORSHIP COLUMBIA SPRINGS ENVIRONMENTAL 12208 E EVERGREEN HWY VANCOUVER WA 98683 912127405 501 (C) (3) 16000 0 SUPPORT FOR ENVIRONMENTAL EDUCATION PROGRAMS THROUGH EVENT SPONSORSHIP FORT VANC REGIONAL LIBRARY FOUNDATION PO BOX 2384 VANCOUVER WA 98668 911456753 501 (C) (3) 15000 0 SUPPORT FOR READING PROGRAMS THROUGH EVENT SPONSORSHIP INNOVATIVE SERVICES NW 9414 NE FOURTH PLAIN BLVD VANCOUVER WA 98662 910782136 501 (C) (3) 15000 0 SUPPORT FOR ADULTS AND CHILDREN WITH DISABILITIES WITH GRANT NORTHWEST ASSOCIATION FOR BLIND ATHLETES 703 BROADWAY ST STE 600 VANCOUVER WA 98660 260244283 501 (C) (3) 7500 0 SUPPORT FOR SPORTS PROGRAMS THROUGH EVENT SPONSORSHIP PORT OF CAMAS-WASHOUGAL 24 S A STREET WASHOUGAL WA 98671 916001015 170 (C) (1) 6000 0 SUPPORT OF COMMUNITY EVENTS THROUGH SPONSORSHIP SALMON CREEK HOSPITAL FOUNDATION PO BOX 4500 UNIT 96 PORTLAND OR 972084500 830433165 501 (C) (3) 10000 0 SUPPORT FOR FREE QUALITY HEALTH CARE IN OUR COMMUNITY THROUGH SPONSORSHIP SHARE 2306 NE ANDRESEN RD VANCOUVER WA 98661 911205119 501 (C) (3) 17000 0 SUPPORT FOR PROGRAMS SERVING HOMELESS AND HUNGRY IN OUR COMMUNITY THROUGH EVENT SPONSORSHIP THE HISTORIC TRUST 750 ANDERSON ST 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 DISTRICT FOUNDATION 2901 FALK RD VANCOUVER WA 98661 910971800 501 (C) (3) 25000 0 SUPPORT FOR EDUCATION PROGRAMS THROUGH EVENT SPONSORSHIP VANCOUVER SYMPHONY ORCHESTRA 205 E 11TH ST STE LL5 VANCOUVER WA 98660 911281734 501 (C) (3) 10000 0 SUPPORT OF THE ARTS THROUGH SPONSORSHIP 12 2 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 LINDSEY SALVESTRIN PRESIDENT & CEO 546969 0 162900 0 233556 0 183606 0 27358 0 1154389 0 233556 0 MARC TIMM CHIEF CREDIT AND LENDING OFFICER 358120 0 66752 0 131853 0 70037 0 20226 0 646988 0 131853 0 COLLEEN BOCCIA CHIEF EXPERIENCE OFFICER 309972 0 49941 0 146342 0 78782 0 10518 0 595555 0 146342 0 MICHAEL FLOREA CHIEF DATA OFFICER 247006 0 45586 0 136381 0 65317 0 25979 0 520269 0 136381 0 WENDY SMITH CHIEF RISK OFFICER 262405 0 49074 0 113808 0 59892 0 19636 0 504815 0 113808 0 JAMES WOOD CHIEF ADMINISTRATIVE OFFICER 336731 0 56098 0 0 0 46489 0 20226 0 459544 0 0 0 MARK MICHAELS CHIEF INFORMATION OFFICER 302951 0 56048 0 0 0 62126 0 8666 0 429791 0 0 0 PENNY HARRIS CHIEF FINANCIAL OFFICER 272410 0 50983 0 0 0 63872 0 27358 0 414623 0 0 0 JOSEPH STORM VP DIRECTOR COMMERCIAL & BUSINESS SE 245031 0 0 0 69717 0 18337 0 0 0 333085 0 0 0 TIFFANY MCGUIRE VP BRANCH SERVICES 208920 0 30331 0 0 0 14243 0 15591 0 269085 0 0 0 SAMANTHA SANDFORD VP COMMERCIAL RELATIONSHIP MANAGER 152444 0 0 0 77694 0 13869 0 10016 0 254023 0 0 0 MICHAEL ROSENBERG VP MARKETING 182951 0 26195 0 0 0 13109 0 27358 0 249613 0 0 0 NICOLE ARNESON VP TECHNOLOGY OPERATIONS 180716 0 25153 0 0 0 12448 0 0 0 218317 0 0 0 HEATHER FRIEND CHIEF OPERATING OFFICER 172934 0 0 0 0 0 19567 0 15154 0 207655 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 LINDSEY R SALVESTRIN, 457(F) PLAN - $162,906 COLLEEN BOCCIA, 457(F) PLAN - $60,340 MICHAEL D FLOREA, 457(F) PLAN - $48,133 JAMES B. WOOD III, 457(F) PLAN - $39,055 MARC T TIMM, 457(F) PLAN - $49,337 WENDY SMITH, 457(F) PLAN - $41,453 PENNY R. HARRIS, 457(F) PLAN - $48,448 MARK C MICHAELS, 457(F) PLAN - $41,426 HEATHER FRIEND, 457(F) PLAN - $16,500 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 PRESIDENT & 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 2024. FORM 990, PART VI, SECTION C, LINE 18 ON COLUMBIA CU WEBSITE HTTPS://WWW.COLUMBIACU.ORG/LEADERSHIP/ FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST COLUMBIA COMMUNITY CORPORATION PO BOX 324 VANCOUVER WA 98666 910617775 INACTIVE - USED TO BE INVEST & INS FUNCTION; COMBINED INTO CU IN 2004 WA 0 5000 COLUMBIA COMMUNITY CREDIT UNION