2023-11-07T15:18:26-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2022-01-01 820201645 POTLACH NO 1 FINANCIAL CREDIT UNION POTL 2087468900 1025 WARNER AVENUE LEWISTON ID 83501 CHRISTOPHER LOSETH PRESIDENT/CEO 2087468900 2023-11-01 1 CHRISTOPHER LOSETH XXX-XX-XXXX 0 MELISSA HANGSLEBEN P02087031 6022662248 2023-10-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRISTOPHER LOSETH 1025 WARNER AVENUE LEWISTON ID 83501 101274849 0 X WWW.P1FCU.ORG X 2019 ID WE PLEDGE TO SERVE EVERY MEMBER WITH THE HIGHEST LEVELS OF SINCERITY, FAIRNESS, COURTESY, RESPECT, AND GRATITUDE, DELIVERED WITH UNPARALLELED RESPONSIVENESS, EXPERTISE, EFFICIENCY AND ACCURACY. 9 9 483 11 121341 0 0 0 87218086 92340767 274844 8892353 -70331 -113184 87422599 101119936 535802 1048841 9586049 8500246 33867038 42223977 0 0 0 28410365 37159873 72399254 88932937 15023345 12186999 1982476028 2025490365 1854312245 1905319019 128163783 120171346 X WE PLEDGE TO SERVE EVERY MEMBER WITH THE HIGHEST LEVELS OF SINCERITY, FAIRNESS, COURTESY, RESPECT, AND GRATITUDE, DELIVERED WITH UNPARALLELED RESPONSIVENESS, EXPERTISE, EFFICIENCY AND ACCURACY. WE ARE IN BUSINESS TO CREATE LASTING RELATIONSHIPS, AND WE WILL TREAT OUR MEMBERS LIKE WE WANT TO BE TREATED. WE WILL OFFER THE FINEST PERSONAL SERVICE AND PRODUCTS DELIVERED BY CARING TEAM MEMBERS WHO TAKE 100 PERCENT RESPONSIBILITY FOR MEETING THE NEEDS OF EACH MEMBER. 0 0 PROVIDE FINANCIAL SERVICES TO 118,889 MEMBERS. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, CONSUMER AUTO LENDING, CONSUMER MORTGAGE LENDING, COMMERCIAL LENDING, DEPOSIT ACCOUNTS, SAVINGS, CHECKING, MONEY MARKETS AND CD'S. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 21812 0 1 483 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 0 1 1 1 1 1 1 1 0 X PAUL MCCALL 2087468900 1025 WARNER AVE LEWISTON ID 83501 CHRISTOPHER LOSETH PRESIDENT/CEO 60.00 X 2140116 0 604435 CRAIG EMERSON CHIEF FINANCIAL OFFICER 60.00 X 891165 0 514708 BETTY BARNES SENIOR VP OF CREDIT ADMINISTRATION 60.00 X 230177 0 326353 TROY SANDVICK CHIEF DATA OFFICER 60.00 X 415930 0 102708 PATTI MESHISHNEK EVP/CLO (THRU 8/22) 60.00 X 427319 0 22454 MICHAEL VOGELER CHIEF OPERATIONS OFFICER 60.00 X 322213 0 86992 CLINTON JOHNSON VICE PRESIDENT OF DATA & ANALYTICS 40.00 X 236615 0 144053 BRENT GIFFORD CHIEF INFORMATION OFFICER 60.00 X 326741 0 43916 NATHANAEL NORMAN VP OF INFORMATION TECHNOLOGY 40.00 X 200790 0 104347 JANA ERNY CHIEF EXPERIENCE OFFICER 60.00 X 286178 0 2181 PAUL MCCALL CONTROLLER 40.00 X 173046 0 107817 RICHARD PAIGE CHIEF STRATEGY & LENDING OFFICER 60.00 X 241339 0 14345 DENNIS JANIKOWSKI SENIOR VICE PRESIDENT OF LENDING 60.00 X 232337 0 17374 DAVID LUMLEY BUSINESS SALES REPRESENTATIVE 40.00 X 174079 0 50736 DOUGLAS MUSHLITZ CHAIR 5.00 X X 0 0 0 TARA LEER VICE CHAIR 5.00 X X 0 0 0 TOM PFLIGER TREASURER 5.00 X X 0 0 0 MICHELLE BLY SECRETARY 5.00 X X 0 0 0 JERRY CUMMINS DIRECTOR 5.00 X 0 0 0 KYLE MORSCHEK DIRECTOR 5.00 X 0 0 0 TOD DICKESON DIRECTOR 5.00 X 0 0 0 WANDA KEEFER DIRECTOR 5.00 X 0 0 0 BRETT KINZER DIRECTOR 5.00 X 0 0 0 GORDON LAURIE DIRECTOR (THRU 8/22) 5.00 X 0 0 0 6298045 0 2142419 56 0 1 0 COOK SECURITY GROUP 9225 NE CASCADES PARKWAY PORTLAND OR 97220 ATM/ITM/BRANCH SECURITY 2866442 KENASTON CORP PO BOX 245 LEWISTON ID 83501 CONSTRUCTION LABOR 2717115 JACK HENRY & ASSOCIATES INC 663 US-60 MONETT MO 65708 CORE PROCESSOR 2624283 Q2 SOFTWARE INC 10355 PECAN PARK BLVD STE 100 AUSTIN TX 78729 ONLINE BANKING PROVIDER 1018447 VELOCITY SOLUTIONS 501 SE 12TH ST FORT LAUDERDALE FL 33316 TECHNOLOGY SOLUTIONS 963692 48 LOAN INTEREST 522100 66450815 66450815 INTERCHANGE INCOME 522100 8596407 8596407 DEPOSIT SERVICE CHARGES AND FEES 522100 7264154 7142813 121341 LOAN SERVICING INCOME 522100 4305950 4305950 OTHER NONOPERATING 522100 3760069 3760069 1963372 1963372 92340767 8856375 8856375 40855 154039 -113184 -113184 -113184 36852 874 35978 35978 35978 101119936 92219426 121341 8779169 1033341 15500 8500246 6799208 24597858 4169900 4424233 2232778 311624 2272612 1976971 1785179 6193297 1916572 262390 348836 7440983 2809266 266440 DEBIT CARD EXPENSES 3470211 OTHER EXPENSES 2992920 LOAN SERVICING 2654288 PROVISION FOR LOAN LOSS 1335217 1123067 88932937 25304165 24653130 253870004 40103775 1000000 51407602 50762617 1525578869 1687571357 8973503 19054149 54805119 17271925 36175753 37533194 83178763 5405173 6789397 75760959 74843983 1982476028 2025490365 14182206 14138133 19532551 19000000 1820597488 1872180886 1854312245 1905319019 X 0 0 0 0 128163783 120171346 128163783 120171346 1982476028 2025490365 X 12186999 -13815626 -6363810 X 0 1 X 1 0 7185688 7185688 28612985 10216670 18396315 2393637 575389 1818248 11765309 6479866 5285443 4847500 4847500 37533194 457(F) LIABILITIES 4469781 MEMBERS' SHARES AND SAVINGS ACCOUNTS 1865567167 LEASE LIABILITIES 2143938 1872180886 X 101273975 0 101273975 -154039 -154039 101119936 89086976 154039 154039 88932937 0 88932937 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER IRC 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 AND HAS A MINIMAL NET OPERATING LOSS CARRYFORWARD AS OF THE 2022 CALENDAR YEAR. 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. THE CREDIT UNION'S 2019 THROUGH 2021 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES MOVED FROM EXPENSES -154,039. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES MOVED FROM EXPENSES 154,039. 1 LATAH COUNTY 4H AND FFA MARKET ANIMAL SALE INC 200 S ALMON ST SUITE 201 MOSCOW ID 83843 820505357 501(C)(3) 5450 0 COMMUNITY HELP INDEPENDENT SCHOOL DISTRICT #1 3317 12TH ST LEWISTON ID 93501 826000549 CITY OF LEWISTON 114167 0 COMMUNITY HELP BOYS AND GIRLS CLUB OF LEWISTON 1021 BURRELL AVE LEWISTON ID 83501 826001432 501(C)(3) 130083 0 COMMUNITY HELP CHILDREN'S VILLAGE FOUNDATION 1350 W HANLEY COEUR DALENE ID 83815 820385109 501(C)(3) 10000 0 COMMUNITY HELP CITY OF LEWISTON PARKS AND REC PO BOX 617 LEWISTON ID 83501 016000300 CITY OF LEWISTON 18924 0 COMMUNITY HELP IDAHO FOOD BANK 3331 10TH ST LEWISTON ID 83501 820425400 501(C)(3) 7500 0 COMMUNITY HELP LEWIS-CLARK STATE COLLEGE (LCSC ATHLETIC DEPARTMENT) 500 8TH AVE LEWISTON ID 83501 826000935 CITY OF LEWISTON 212165 0 COMMUNITY HELP TRI-STATE HOSPITAL FOUNDATION PO BOX 636 CLARKSTON WA 99403 911307818 501(C)(3) 72250 0 COMMUNITY HELP TWIN COUNTY UNITED WAY PO BOX 1660 LEWISTON ID 83501 820261086 501(C)(3) 21500 0 COMMUNITY HELP WREATHS ACROSS AMERICA PO BOX 249 COLUMBIA FALLS ME 04623 208362270 501(C)(3) 8333 0 COMMUNITY HELP GOWEST CREDIT UNION FOUNDATION 18000 INTERNATIONAL BLVD STE 1102 SEA TAC WA 98188 911649328 501(C)(3) 48481 0 COMMUNITY HELP FRONTIER DAYS FOUNDATION PO BOX 2224 WALLA WALLA WA 99362 911705239 501(C)(3) 7215 0 COMMUNITY HELP NEZ PERCE COUNTY FAIR 4HFFA ANIMAL SALE 1229 BURRELL AVE LEWISTON ID 83501 300496690 CITY OF LEWISTON 7925 0 COMMUNITY HELP WALLA WALLA COUNTY 363 ORCHARD ST WALLA WALLA WA 99362 916001381 WALLA WALLA COUNTY 33333 0 COMMUNITY HELP NORTH IDAHO STATE FAIR 0456 N GOVERNMENT WAY COEUR DALENE ID 83815 830391799 501(C)(3) 7500 0 COMMUNITY HELP ASOTIN COUNTY LIVESTOCK SALE PO BOX 392 ASOTIN WA 99402 453917169 CITY OF ASOTIN 13750 0 COMMUNITY HELP OROFINO HIGH SCHOOL PO BOX 1223 OROFINO ID 83544 826000734 501(C)(3) 7000 0 COMMUNITY HELP WALLA WALLA CATTLEMEN'S YOUTH MARKET 6731 OLD HWY 12 WALLA WALLA WA 99362 800032278 501(C)(3) 7018 0 COMMUNITY HELP THE COLLEGE OF IDAHO 2112 CLEVELAND BLVD CALDWELL ID 83605 820200906 501(C)(3) 8000 0 COMMUNITY HELP CLARKSTON HIGH SCHOOL 401 CHESTNUT ST CLARKSTON WA 99403 910784433 CITY OF CLARKSTON 11472 0 COMMUNITY HELP 20 0 SCHOLARSHIPS 15 15500 PART I, LINE 2: THE GRANTS ARE DONATIONS TO LOCAL REPUTABLE ORGANIZATIONS, THEREFORE NONE OF THE FUNDS ARE USED OUTSIDE THE US. P1FCU HAS A SCHOLARSHIP COMMITTEE THAT INCLUDES EXECUTIVE MANAGEMENT, SENIOR LEADERSHIP AND BOARD MEMBERS. THEY DETERMINE WHICH STUDENT GETS A SCHOLARSHIP BASED ON THE APPLICATION INFORMATION RECEIVED. X X X X 0 1 0 CHRISTOPHER LOSETH PRESIDENT/CEO 1503784 0 0 0 636332 0 562874 0 41561 0 2744551 0 636332 0 CRAIG EMERSON CHIEF FINANCIAL OFFICER 466922 0 0 0 424243 0 500075 0 14633 0 1405873 0 424243 0 BETTY BARNES SENIOR VP OF CREDIT ADMINISTRATION 223710 0 6467 0 0 0 314554 0 11799 0 556530 0 0 0 TROY SANDVICK CHIEF DATA OFFICER 415930 0 0 0 0 0 87265 0 15443 0 518638 0 0 0 PATTI MESHISHNEK EVP/CLO (THRU 8/22) 427319 0 0 0 0 0 15250 0 7204 0 449773 0 0 0 MICHAEL VOGELER CHIEF OPERATIONS OFFICER 322213 0 0 0 0 0 79500 0 7492 0 409205 0 0 0 CLINTON JOHNSON VICE PRESIDENT OF DATA & ANALYTICS 229860 0 6755 0 0 0 130884 0 13169 0 380668 0 0 0 BRENT GIFFORD CHIEF INFORMATION OFFICER 326741 0 0 0 0 0 30747 0 13169 0 370657 0 0 0 NATHANAEL NORMAN VP OF INFORMATION TECHNOLOGY 195145 0 5645 0 0 0 95757 0 8590 0 305137 0 0 0 JANA ERNY CHIEF EXPERIENCE OFFICER 286178 0 0 0 0 0 2181 0 0 0 288359 0 0 0 PAUL MCCALL CONTROLLER 168299 0 4747 0 0 0 94632 0 13185 0 280863 0 0 0 RICHARD PAIGE CHIEF STRATEGY & LENDING OFFICER 241339 0 0 0 0 0 9158 0 5187 0 255684 0 0 0 DENNIS JANIKOWSKI SENIOR VICE PRESIDENT OF LENDING 225577 0 6760 0 0 0 8257 0 9117 0 249711 0 0 0 DAVID LUMLEY BUSINESS SALES REPRESENTATIVE 169178 0 4901 0 0 0 39736 0 11000 0 224815 0 0 0 PART I, LINE 4B SPLIT DOLLAR LIFE INSURANCE: THE CREDIT UNION HAS MADE LOANS FOR LIFE INSURANCE PREMIUM PAYMENTS TO MEMBERS OF MANAGEMENT. THE LOANS ARE COLLATERALIZED BY THE ASSIGNMENT OF THE POLICY DEATH BENEFITS AND CASH VALUES, OF EACH RESPECTIVE LIFE INSURANCE POLICY. THE POLICIES ARE OWNED BY THE EXECUTIVES AND THE EXECUTIVES HAVE THE RIGHT TO NAME THE BENEFICIARIES FOR AMOUNTS NOT SECURED BY THE ASSIGNMENTS. THE LOAN ARRANGEMENTS INCLUDE A RECOURSE PROVISION WHEREBY THE EXECUTIVE, THEIR ESTATE, HEIRS, OR BENEFICIARIES SHALL PAY ANY REMAINING OUTSTANDING BALANCE ON THESE PLANS IF THE EXECUTIVE WERE TO BE TERMINATED WITH OR WITHOUT CAUSE. 457(F) PLAN: THE CREDIT UNION HAS A NONQUALIFIED DEFERRED COMPENSATION PLAN (457(F) PLAN) FOR SELECT MEMBERS OF MANAGEMENT. UNDER THE TERMS OF THE PLANS, THE PARTICIPANTS ARE ENTITLED PRE-DETERMINED AMOUNTS BASED ON YEARS OF SERVICE ACHIEVEMENTS. THE FOLLOWING EMPLOYEES RECEIVED CONTRIBUTIONS TO THE 457(F) PLAN DURING 2022: CHRISTOPHER LOSETH - $506,624 CRAIG EMERSON - $341,084 CLINTON JOHNSON - $62,651 NATHANAEL NORMAN - $49,896 BETTY BARNES - $60,033 PAUL MCCALL - $45,226 THE FOLLOWING EMPLOYEES RECEIVED DISTRIBUTIONS FROM THE 457(F) PLAN DURING 2022: CHRISTOPHER LOSETH - $636,332 CRAIG EMERSON - $424,243 CHRIS LOSETH PRESIDENT/CEO SPLIT DOLLAR LOAN X 22843867 24307699 0 1 1 PATTI MESHISHNEK EVP/CLO SPLIT DOLLAR LOAN X 9450000 10489892 0 1 1 TROY SANDVICK CHIEF DATA OFFICER SPLIT DOLLAR LOAN X 3475000 3852075 0 1 1 MICHAEL VOGELER CHIEF OPERATIONS OFFICER SPLIT DOLLAR LOAN X 1550000 1703998 0 1 1 BRENT GIFFORD CHIEF INFORMATION OFFICER SPLIT DOLLAR LOAN X 8000000 7366737 0 1 1 ANDREW HEIMGARTNER CHIEF LENDING OFFICER SPLIT DOLLAR LOAN X 2350000 515701 0 1 1 CHERI SCHAAFS BRANCH MANAGER SPLIT DOLLAR LOAN X 2475000 2526515 0 1 1 50762617 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD MAY APPOINT AN EXECUTIVE COMMITTEE OF NOT FEWER THAN THREE DIRECTORS TO SERVE AT ITS PLEASURE, TO ACT FOR IT WITH RESPECT TO SPECIFICALLY DELEGATED FUNCTIONS AUTHORIZED BY THE ACT AND REGULATIONS. THE BOARD MAY ALSO AUTHORIZE SUCH EXECUTIVE COMMITTEE OR A MEMBERSHIP OFFICER(S) APPOINTED BY THE BOARD FROM THE MEMBERSHIP OTHER THAN A BOARD MEMBER PAID AS AN OFFICER, THE TREASURER, ANY ASSISTANT TO THE PAID OFFICER OF THE BOARD OR TO THE TREASURER OR ANY LOAN OFFICER, TO SERVE AT ITS PLEASURE TO APPROVE APPLICATIONS FOR MEMBERSHIP UNDER SUCH CONDITIONS AS THE BOARD AND THESE BYLAWS MAY PRESCRIBE. NO EXECUTIVE COMMITTEE MEMBER OR MEMBERSHIP OFFICER MAY BE COMPENSATED AS SUCH. 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 ARTICLES OF INCORPORATION, CHARTER, AND BYLAWS. THIS GENERALLY CONSISTS OF THE FOLLOWING: IDAHO MEMBERSHIP ALL EMPLOYEES, EMPLOYERS, STUDENTS, AND RETIREES OF AGRICULTURE, FORESTRY, FISHING AND HUNTING, MINING, UTILITIES, CONSTRUCTION, MANUFACTURING, WHOLESALE TRADE, RETAIL TRADE, TRANSPORTATION AND WAREHOUSING, INFORMATION, FINANCE AND INSURANCE, REAL ESTATE AND RENTAL AND LEASING, PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES, MANAGEMENT OF COMPANIES AND ENTERPRISES, ADMINISTRATIVE AND SUPPORT AND WASTE MANAGEMENT AND REMEDIATION SERVICES, EDUCATIONAL SERVICES, HEALTH CARE AND SOCIAL ASSISTANCE, ARTS, ENTERTAINMENT, AND RECREATION, ACCOMMODATIONS AND FOOD SERVICES, OTHER SERVICES, AND PUBLIC ADMINISTRATION AS DEFINED IN THE NORTH AMERICAN INDUSTRY CLASSIFICATION SYSTEM WHO RESIDE IN, WORK IN, ARE HEADQUARTERED IN OR ARE PAID FROM ADA, ADAMS, BENEWAH, BONNER, BOUNDARY, CLEARWATER, GEM, IDAHO, KOOTENAI, LATAH, LEWIS, NEZ PERCE, PAYETTE, SHOSHONE, WASHINGTON, AND VALLEY COUNTIES. OREGON MEMBERSHIP PERSONS WHO LIVE OR WORK IN OR ORGANIZATIONS LOCATED WITHIN THE COMMUNITY IN OREGON CONSISTING OF BAKER, GRANT, HARNEY, MALHEUR, MORROW, UMATILLA, UNION AND WALLOWA COUNTIES, OREGON. WASHINGTON MEMBERSHIP NATURAL PERSONS 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 P1FCU DOES AN ANNUAL VOTE TO ELECT BOARD MEMBERS TO THE BOARD. THOSE BOARD CANDIDATES ARE SELECTED BY THE CURRENT BOARD OR BY VOLUNTEERS VIA NEWSLETTER. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF P1FCU ARE REQUIRED TO VOTE ON MATTERS SUCH AS A CHARTER CHANGE OR A POSSIBLE MERGER. 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. THE BOARD OF DIRECTORS DO NOT RECEIVE A COPY OF THE RETURN PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION HAS AN EMPLOYEE HANDBOOK THAT INCLUDES THE CONFLICT OF INTEREST POLICY THAT IS REQUIRED TO BE SIGNED ANNUALLY BY ALL EMPLOYEES. THE CONFLICT OF INTEREST POLICY IS ALSO APPLICABLE TO BOARD MEMBERS. THE CEO MONITORS THE CONFLICT OF INTEREST POLICY FOR BOARD MEMBERS AND HR MONITORS THE POLICY FOR EMPLOYEES. THE BOARD MEMBER WOULD ABSTAIN FROM THE VOTE IF THERE WAS A CONFLICT OF INTEREST IDENTIFIED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS REVIEWED ANNUALLY BASED ON A PERFORMANCE EVALUATION ON THE ANNIVERSARY DATE OF THE OFFICER OR EMPLOYEE. THE CEO'S COMPENSATION IS DETERMINED BASED UPON A COMPENSATION COMMITTEE THAT USES A COMPENSATION SURVEY OR STUDY BY AN INDEPENDENT COMPENSATION CONSULTANT. THE CEO'S COMPENSATION DISCUSSIONS ARE DOCUMENTED IN THE BOARD MINUTES. THIS PROCESS WAS LAST COMPLETED IN 2022. THE COMPENSATION FOR EMPLOYEES AND OTHER OFFICERS BESIDES THE CEO IS REVIEWED AND BASED ON COMPARABLE DATA AND CUNA'S CREDIT UNION COMPENSATION STUDY. THIS PROCESS IS OVERSEEN BY HR AND IS DOCUMENTED IN THE EMPLOYEES PERSONNEL FILE. THIS PROCESS WAS LAST COMPLETED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE AT ITS ANNUAL MEETING AND UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN DEFINED BENFIT PLAN -6,363,810.