2022-11-15T12:48:44-06:00 2021-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2021-01-01 910576399 IQ CREDIT UNION IQCR 3606953441 PO BOX 1739 VANCOUVER WA 986681739 DAN MEDAK CFO 3606953441 2022-11-14 1 DAN MEDAK XXX-XX-XXXX WENDY CAMPOS P00448102 5032421447 2022-11-11 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z ERIC PETRACCA PO BOX 1739 VANCOUVER WA 986681739 77764390 0 X WWW.IQCU.COM X 1940 WA TO PROVIDE A FULL COMPLEMENT OF QUALITY FINANCIAL SERVICES IN A CONVENIENT, EFFICIENT, FRIENDLY, SECURE AND PROFITABLE MANNER WHICH MEETS THE NEED OF THE MEMBERSHIP. 12 12 459 24 1663038 0 0 0 71903039 74656585 1168529 1437916 1944575 1539181 75016143 77633682 84000 151200 0 0 24625379 26561619 0 0 0 34587706 31454497 59297085 58167316 15719058 19466366 1533211130 1792465816 1396010120 1638402933 137201010 154062883 TO PROVIDE A FULL COMPLEMENT OF QUALITY FINANCIAL SERVICES IN A CONVENIENT, EFFICIENT, FRIENDLY, SECURE AND PROFITABLE MANNER WHICH MEETS THE NEED OF THE MEMBERSHIP. 0 0 PROVIDE FINANCIAL SERVICES TO 93,871 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 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 25050 0 1 459 1 1 1 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X DAN MEDAK 3607593138 PO BOX 1739 VANCOUVER WA 986681739 DOUG LEHRMAN BOARD CHAIRMAN 5.00 X X 21500 0 0 JOSEPH NUTTING BOARD VICE CHAIRMAN 4.00 X X 18275 0 0 SHARON EASTMAN BOARD SECRETARY 4.00 X X 18275 0 0 EVIE GRENDAHL BOARD TREASURER 4.00 X X 18275 0 0 JIM ASKEY BOARD MEMBER 2.50 X 15050 0 0 JIL CLICK BOARD MEMBER 2.50 X 15050 0 0 JOAN DURGIN BOARD MEMBER 2.50 X 15050 0 0 DON KITTERMAN BOARD MEMBER 2.50 X 15050 0 0 STEVE PORTER BOARD MEMBER 2.50 X 15050 0 0 ARLENE HETT BOARD MEMBER 2.50 X 10750 0 0 BRIAN LOOS BOARD MEMBER 2.50 X 10750 0 0 RON ODERMOTT BOARD MEMBER 2.50 X 12900 0 0 DEWAYNE LEDBETTER CHIEF COMM. OFFICER (THRU 4/21) 48.00 X 996189 0 11902 KELLY SCHRADER PRESIDENT (THRU 1/21) 48.00 X 416046 0 11700 ERIC PETRACCA PRESIDENT/CEO 48.00 X 474596 0 34745 DAN MEDAK CFO 48.00 X 146321 0 4107 GAYLE GUSTAFSON CHIEF LENDING OFFICER 48.00 X 231958 0 29098 DANETTE LACHAPELLE CHIEF COMM. OFFICER 48.00 X 197635 0 47979 ALI MIGAKI SVP CHIEF RETAIL OFFICER 48.00 X 167198 0 18049 KARI STANSBERRY CHIEF ADMINISTRATIVE OFFICER 48.00 X 209117 0 40415 MICHAEL BOOTH SR. MORTGAGE LOAN OFFICER 45.00 X 363964 0 20000 JONATHAN DAVIS VP INVESTMENT & RETIREMENT 45.00 X 177023 0 23475 MELANIE JOSEPHSON MORTGAGE LOAN OFFICER 45.00 X 288275 0 8983 DENIS MARSH VP INSURANCE SERVICES 45.00 X 210264 0 16904 DIANNE SMITH VP MORTGAGE SERVICES 45.00 X 164172 0 14441 4228733 0 281798 37 0 1 0 PSCU INCORPORATED 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CARD SERVICES 1586747 ALKAMI TECHNOLOGY INC PO BOX 122223 DALLAS TX 753122223 ONLINE BANKING 1386772 SYNERGI PARTNERS INC PO BOX 5599 FLORENCE SC 295025599 TAX PLANNING SERVICES 537817 MERIDIAN LINK INC PO BOX 846822 LOS ANGELES CA 900846822 LOAN PROCESSING FEES 504046 FIRSTCLOSE INC PO BOX 58086 SANTA CLARA CA 95050 LOAN PROCESSING FEES 478239 17 LOAN INTEREST 522100 50356130 50356130 OTHER OPERATING INCOME 522100 18458044 17389902 1068142 FEES AND CHARGES 522100 5882594 5247040 635554 PASSTHROUGH INCOME 522100 -40183 475 -40658 74656585 1431315 1431315 137309 130708 6601 6601 6601 OTHER INCOME/LOSS 522100 1383264 1383264 OTHER INCOME/LOSS 523000 155917 155917 1539181 77633682 74532728 1663038 1437916 131200 20000 3223030 17617913 2151644 2078406 1490626 84991 168818 1969655 1540591 1310898 1742167 70104 20662 3506144 2687725 204847 LOAN SERVICING 5938624 LOAN LOSS PROVISION 5439204 ATM EXPENSES 2500278 FEDERAL TAX EXPENSE 68700 4201089 58167316 7909951 7463830 249627281 124488721 1075459943 1358255578 15552240 16877774 52252641 28192882 25299002 24059759 110294101 227710436 5374271 5845216 43694341 27764502 1533211130 1792465816 15386145 17070096 1380623975 1621332837 1396010120 1638402933 X 0 0 0 0 137201010 154062883 137201010 154062883 1533211130 1792465816 X 19466366 -3941825 1337332 X 0 0 0 0 0 4972048 4972048 19718598 6809152 12909446 11427779 9019976 2407803 13449251 9895861 3553390 2684965 2467893 217072 24059759 SHARES/DEPOSITS 1621332837 1621332837 1 COMMUNITY FOUNDATION FOR SW WASHINGTON 610 ESTER ST STE 201 VANCOUVER WA 98660 911246778 501(C)(3) 7500 0 GENERAL SUPPORT CHARITABLE PARTNERSHIP FUNDFRIENDS OF GREEN LOOP 1509 NE 10TH AVE UNIT 301 PORTLAND OR 97232 931267966 501(C)(3) 6500 0 GENERAL SUPPORT GREATER VANCOUVER CHAMBER OF COMMERCE 1111 MAIN ST STE 201 VANCOUVER WA 98660 910452260 501(C)(6) 12500 0 GENERAL SUPPORT NORTHWEST CREDIT UNION ASSOCIATION 18000 INTERNATIONAL BLVD SEATAC WA 98188 910460483 501(C)(6) 10200 0 GENERAL SUPPORT OHSU FOUNDATON 1121 SW SALMON ST STE 100 PORTLAND OR 97205 237083114 501(C)(3) 7500 0 GENERAL SUPPORT OREGON PARKS FOREVER 1501 SW JEFFERSON ST PORTLAND OR 97201 931177836 501(C)(3) 15000 0 GENERAL SUPPORT WHY RACING EVENTS INC 1108 NE 146TH ST VANCOUVER WA 98685 472525259 501(C)(3) 10000 0 GENERAL SUPPORT PARKS FOUNDATION OF CLARK COUNTY PO BOX 993 CAMAS WA 98607 911986747 501(C)(3) 8000 0 GENERAL SUPPORT CITY OF VANCOUVER PO BOX 24987 SEATTLE WA 98124 916001288 GOVERNMENT 8000 0 GENERAL SUPPORT CITY OF PORTLAND PO BOX 5066 PORTLAND OR 97208 936002236 GOVERNMENT 6000 0 GENERAL SUPPORT 8 2 SCHOLARSHIPS 5 20000 PART I, LINE 2: SCHOLARSHIP APPLICANTS SUBMIT AN APPLICATION, AND RECIPIENTS ARE DETERMINED BY A NUMBER OF FACTORS INCLUDING ESSAYS, GRADES AND LETTERS OF RECOMMENDATION, WHICH ARE ALL SCORED. THE HIGHEST-RATED INDIVIDUALS ARE AWARDED SCHOLARSHIPS. X 1 1 X X X 1 1 0 DEWAYNE LEDBETTER CHIEF COMM. OFFICER (THRU 4/21) 102660 0 28529 0 865000 0 11600 0 302 0 1008091 0 0 0 ERIC PETRACCA PRESIDENT/CEO 426658 0 47938 0 0 0 26345 0 8400 0 509341 0 0 0 KELLY SCHRADER PRESIDENT (THRU 1/21) 76104 0 339942 0 0 0 11600 0 100 0 427746 0 0 0 MICHAEL BOOTH SR. MORTGAGE LOAN OFFICER 53483 0 310481 0 0 0 11600 0 8400 0 383964 0 0 0 MELANIE JOSEPHSON MORTGAGE LOAN OFFICER 35389 0 252886 0 0 0 7181 0 1802 0 297258 0 0 0 GAYLE GUSTAFSON CHIEF LENDING OFFICER 206049 0 25909 0 0 0 26609 0 2489 0 261056 0 0 0 KARI STANSBERRY CHIEF ADMINISTRATIVE OFFICER 184882 0 24235 0 0 0 28063 0 12352 0 249532 0 0 0 DANETTE LACHAPELLE CHIEF COMM. OFFICER 175159 0 22476 0 0 0 27447 0 20532 0 245614 0 0 0 DENIS MARSH VP INSURANCE SERVICES 164089 0 46175 0 0 0 8737 0 8167 0 227168 0 0 0 JONATHAN DAVIS VP INVESTMENT & RETIREMENT 114204 0 62819 0 0 0 13465 0 10010 0 200498 0 0 0 ALI MIGAKI SVP CHIEF RETAIL OFFICER 142317 0 24881 0 0 0 5618 0 12431 0 185247 0 0 0 DIANNE SMITH VP MORTGAGE SERVICES 159917 0 4255 0 0 0 6611 0 7830 0 178613 0 0 0 DAN MEDAK CFO 143321 0 3000 0 0 0 3507 0 600 0 150428 0 0 0 PART I, LINE 1A THESE BENEFITS ARE PROVIDED TO THE CEO AS PART OF THE EMPLOYMENT AGREEMENT. THE DISCRETIONARY SPENDING ACCOUNT IS INCLUDED IN THE CEO'S TAXABLE COMPENSATION. CEO ALSO IS PROVIDED COMPANY-OWNED AUTO FOR BUSINESS AND PERSONAL USE. PART I, LINES 4A-B DEWAYNE LEDBETTER RECEIVED A SEVERANCE PAYMENT OF $865,000. SOME MEMBERS OF EXECUTIVE MANAGEMENT PARTICIPATED IN A 457(F) PLAN. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION MEMBERS ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION HAS MEMBERS AND EACH MEMBER CAN VOTE. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AND REGULATORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CFO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION HAS A CONFLICT OF INTEREST POLICY, AND EMPLOYEES AND BOARD MEMBERS ANNUALLY ACKNOWLEDGE THEY COMPLY WITH ALL CREDIT UNION POLICIES. THE CONFLICT OF INTEREST POLICY OUTLINES STEPS TAKEN BY OFFICIALS WHEN A CONFLICT ARISES, WHICH INCLUDE THE CONFLICTED PARTY ABSTAINING FROM A RELATED VOTING ITEM. EMPLOYEES ARE NOT ALLOWED TO RECEIVE A PERSONAL BENEFIT FROM ANY TRANSACTION WITH A VENDOR, CUSTOMER OR SUPPLIER DOING BUSINESS WITH THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15A CEO SALARY IS DETERMINED AFTER REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTEE, WHICH IS INDEPENDENT OF THE CEO. SALARY IS BASED ON THE CEO'S EXPERIENCE AND COMPENSATION FROM CUES EXECUTIVE COMPENSATION SURVEYS. MINUTES ARE KEPT TO DOCUMENT THE DISCUSSION AND FINAL DECISION. THE EXECUTIVE COMMITTEE WILL REVIEW EACH YEAR TO DETERMINE WHETHER TO ADJUST THE BASE SALARY UPWARD. THIS PROCESS WAS LAST UNDERTAKEN IN 2021. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE INCOME/EQUITY TRUE-UP 1,297,149. PARTNERSHIP PASSTHROUGH BOOK/TAX DIFFERENCE 40,183. IQ FOR KIDS PO BOX 1739 VANCOUVER WA 98668 203988310 FUNDRAISING TO SUPPORT CHILDREN'S CHARITIES WA 501(C)(3) 509(A)(1) IQ CREDIT UNION 1 CLARK FINANCIAL SERVICES INC PO BOX 1846 VANCOUVER WA 98668 911253818 SERVICE ORG PROVIDING INSURANCE PRODUCTS TO CREDIT UNION MEMBERS WA IQ CREDIT UNION C 529593 2391789 1.00000 1 1 0 0 1 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 CLARK FINANCIAL SERVICES INC A 11842 FAIR MARKET VALUE CLARK FINANCIAL SERVICES INC Q 1356092 FAIR MARKET VALUE CLARK FINANCIAL SERVICES INC D 500000 LOAN GUARANTEE/NO BALANCE