2022-11-14T14:59:36-06:00 2021-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2021-01-01 910616262 GESA CREDIT UNION GESA 5093783100 51 GAGE BLVD RICHLAND WA 99352 RICHARD WADDLE EVP OF ACCOUNTING & FINANCE 5093783100 2022-11-10 1 RICHARD WADDLE 999009999 EMINA O CRESSWELL CPA P01217304 5097472600 2022-11-10 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z DON C MILLER 51 GAGE BLVD RICHLAND WA 99352 210686772 0 1269 X WWW.GESA.COM X 1953 WA PROVIDE FINANCIAL SERVICES TO 270,558 MEMBERS. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, PROVIDING AUTO AND OTHER SECURED/UNSECURED CONSUMER LOANS, CHECKING AND SAVINGS PROGRAMS, AND CREDIT CARD SERVICES. 13 13 951 3 1070321 291049 0 0 206223049 200869753 8708503 8352506 846269 492287 215777821 209714546 47617 92375 0 0 62352424 66699867 0 0 0 112085244 94217576 174485285 161009818 41292536 48704728 4378026879 4984415562 3933191281 4494214267 444835598 490201295 MEMBERS HAVE ACCESS TO A BROAD RANGE OF FINANCIAL PRODUCTS AND SERVICES THAT ENABLE THEM TO PROSPER AT A COST JUSTIFIED BY THE RESULT. 0 0 OFFER COMPREHENSIVE RANGE AND COMPETITIVELY PRICED LOAN PRODUCTS TO MEMBERS. GESA OFFERS A WIDE RANGE OF LOAN PRODUCTS INCLUDING, BUT NOT LIMITED TO, AUTOS, RVS, MARINE EQUIPMENT, FIRST MORTGAGE, HOME EQUITY, CREDIT CARD, COMMERCIAL AND VARIOUS SECURED AND UNSECURED LOANS. OFFER COMPREHENSIVE AND COMPETITIVELY YIELDING SAVINGS PRODUCTS TO MEMBERS. GESA OFFERS A WIDE VARIETY OF SAVINGS PRODUCTS TO MEMBERS, WHICH INCLUDE, BUT ARE NOT LIMITED TO BASIC SAVINGS, HOLIDAY CLUB, VACATION CLUB, COMMERCIAL SAVINGS, CERTIFICATE ACCOUNTS, IRA CERTIFICATES, IRA SAVINGS AND MONEY MARKET ACCOUNTS. GESA CONTINUES TO BE A LEADER IN OUR AREA ON SAVINGS ACCOUNT RATES. OFFER LOW COST SERVICES TO MEMBERS WHICH WILL ENABLE THEM TO ACHIEVE THEIR DESIRED FINANCIAL GOALS. 0 0 1 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 82786 0 1 951 1 1 1 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 1 1 X RICHARD WADDLE 5093783100 51 GAGE BLVD RICHLAND WA 99352 GREGG ANDREWS CHAIRMAN OF THE BOARD 5.00 X X 15583 0 0 GEOF GRIEBEL VICE CHAIRMAN OF THE BOARD 5.00 X X 15000 0 0 ANDREW AUSTIN SECRETARY 5.00 X X 15000 0 0 BEN BASSON DIRECTOR 5.00 X 15000 0 0 BILL BONAUDI DIRECTOR 5.00 X 15000 0 0 MANUEL CHAVALLO DIRECTOR 5.00 X 15000 0 0 LINDA COWAN DIRECTOR 5.00 X 15000 0 0 ROBERT FOLLETT DIRECTOR 5.00 X 18000 0 0 WILLIAM MELBERG DIRECTOR 5.00 X 21417 0 0 RICH RUTKOWSKI DIRECTOR 5.00 X 15000 0 0 BRETT SPOONER DIRECTOR 5.00 X 18000 0 0 PETER SMITH DIRECTOR 5.00 X 15000 0 0 MARTIN VALADEZ TORRES DIRECTOR 5.00 X 18000 0 0 DON C MILLER PRESIDENT/CEO 50.00 X 929679 0 541060 RICHARD WADDLE EVP OF ACCOUNTING & FINANCE 50.00 X 409027 0 199223 RAJESH BANDARU CHIEF INFORMATION OFFICER (THRU 9/21) 50.00 X 369076 0 163772 APRONIANO LABONITE EVP OF TEAM ENGAGEMENT 50.00 X 317089 0 81104 CHERYL BROWN EVP OF MEMBER SUPPORT & SERVICE 50.00 X 232933 0 60815 KEVEN GRAY EVP OF MEMBER FULFILLMENT 50.00 X 185676 0 43128 KEVIN WILBORN VP CONSUMER LENDING 50.00 X 354947 0 68446 ADRIAN SMASNE VP HOME LOANS 50.00 X 385568 0 34304 FERNANDO AVALOS HOME LOAN OFFICER 50.00 X 315097 0 58047 MICHAEL POIRIER HOME LOAN OFFICER 50.00 X 364154 0 28171 DOMINICK FERRARO HOME LOAN OFFICER 50.00 X 346821 0 45188 4421067 0 1323258 118 0 1 0 COPACINO & FUJIKADO LLC 1425 4TH AVE SUITE 700 SEATTLE WA 98101 MARKETING PRODUCTION 4730387 FISERV 75 REMITTANCE DR SUITE 6942 CHICAGO IL 60675 DATA PROCESSING PROVIDER 2874180 COOK SECURITY GROUP 9225 NE CASCADES PARKWAY PORTLAND OR 97220 SECURITY MAINTENANCE 2656421 CLIFF THORN CONSTRUCTION 1552 GEORGIA AVE RICHLAND WA 99352 BUILDING CONSTRUCTION 1698583 BLINK INTERACTIVE INC 1011 WESTERN AVE SUITE 600 SEATTLE WA 98104 WEBSITE REDESIGN 1445000 79 LOAN INTEREST 522100 153915087 153915087 FEES & CHARGES INCOME 522100 21553641 21356443 197198 VISA/DEBIT CARD INCOME 522100 20854125 20854125 OTHER INCOME 522100 4546900 3697107 849793 200869753 8112335 8112335 492287 0 492287 492287 23330 468957 272162 940235 279895 692331 -7733 247904 240171 240171 209714546 199822762 1070321 8821463 92375 3796041 48495870 3789649 5929850 4688457 336566 218316 7856069 13537518 17788783 3483738 871750 68567 20316287 11615132 444348 UBI TAXES 75135 PROV FOR LOAN LOSS 8230966 CREDIT/COLLECTION COSTS 6971063 FRAUD EXPENSE 1195055 1208283 161009818 500952082 413151286 50017530 33818525 20282333 34422267 3262107549 3748696601 7235246 8637928 169076772 57792583 105937853 111284189 279964045 479725213 375010 375010 89185503 86665864 61969728 67638679 4378026879 4984415562 63201438 60936187 1353462 1461052 1023125 2272811 82500000 75010000 3785113256 4354534217 3933191281 4494214267 X 0 0 0 0 444835598 490201295 444835598 490201295 4378026879 4984415562 X 48704728 -4275620 936589 X 0 0 0 46559 46559 46559 1 CREDIT UNION LEGISLATIVE ACTION FUND 18000 INTERNATIONAL BLVD SUITE 350 SEATAC WA 98188 910616262 46559 PART I-C, LINE 1 THE CREDIT UNIONS ONLY INDIRECT POLITICAL CAMPAIGN ACTIVITY IS A CONTRIBUTION TO THE CREDIT UNION LEGISLATION ACTION COMMITTEE. 0 1 X 17009376 17009376 90221885 15983916 74237969 1315624 571946 743678 56854203 41236721 15617482 3675684 3675684 111284189 GOVERNMENT AGENCY DEBENTURE NOTES AND BONDS 82018146 C INVESTMENTS AVAILABLE FOR SALE 298484348 F MORTGAGE BACKED SECURITIES 93527879 C BENEFIT INVESTMENT 5694840 C 479725213 MEMBER DEPOSITS AND ACCOUNTS 4354534217 4354534217 PART IV, LINE 2B: GESA MAINTAINS FIRST MORTGAGE ESCROWS IN A LIABILITY ACCOUNT ON THE BALANCE SHEET AND MAKES NECESSARY PAYMENTS FROM THIS ACCOUNT. 1 COLLEGE SCHOLARSHIPS 32 92375 PART I, LINE 2: PAYMENT OF SCHOLARSHIP AWARDS IS MADE DIRECTLY TO A COLLEGE OR UNIVERSITY UPON VERIFICATION OF THE RECIPIENT'S ENROLLMENT. FAILURE TO MAINTAIN FULL TIME STATUS AT SCHOOL WILL RESULT IN THE CANCELLATION OF SCHOLARSHIPS AND ALL UNUSED FUNDS ARE RETURNED TO GESA CREDIT UNION. THE ORGANIZATION KEEPS RECEIPTS, HOWEVER, THE ORGANIZATION DOES NOT HAVE A PROCESS IN PLACE TO TRACK THE ELIGIBILITY FOR DONATIONS OTHER THAN THAT THE DONATIONS ARE TO REPUTABLE ORGANIZATIONS. 1 X X 0 1 0 DON C MILLER PRESIDENT/CEO 724942 0 146740 0 57997 0 515123 0 25937 0 1470739 0 0 0 RICHARD WADDLE EVP OF ACCOUNTING & FINANCE 343564 0 54727 0 10736 0 165303 0 33920 0 608250 0 0 0 RAJESH BANDARU CHIEF INFORMATION OFFICER (THRU 9/21 257980 0 59634 0 51462 0 144778 0 18994 0 532848 0 0 0 KEVIN WILBORN VP CONSUMER LENDING 193104 0 30124 0 131719 0 45271 0 23175 0 423393 0 105224 0 ADRIAN SMASNE VP HOME LOANS 161682 0 220942 0 2944 0 21626 0 12678 0 419872 0 0 0 APRONIANO LABONITE EVP OF TEAM ENGAGEMENT 270726 0 45557 0 806 0 54377 0 26727 0 398193 0 0 0 MICHAEL POIRIER HOME LOAN OFFICER 36005 0 326180 0 1969 0 28010 0 161 0 392325 0 0 0 DOMINICK FERRARO HOME LOAN OFFICER 36005 0 309789 0 1027 0 21415 0 23773 0 392009 0 0 0 FERNANDO AVALOS HOME LOAN OFFICER 58162 0 254354 0 2581 0 27734 0 30313 0 373144 0 0 0 CHERYL BROWN EVP OF MEMBER SUPPORT & SERVICE 191232 0 30131 0 11570 0 49913 0 10902 0 293748 0 0 0 KEVEN GRAY EVP OF MEMBER FULFILLMENT 179154 0 0 0 6522 0 30002 0 13126 0 228804 0 0 0 PART I, LINE 4B DON MILLER, PRESIDENT/CEO, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2021 WAS $484,003. RICHARD WADDLE, EVP OF ACCOUNTING & FINANCE, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT CONTRIBUTED IN 2021 WAS $145,550. RAJESH BANDARU, CIO, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT CONTRIBUTED IN 2021 WAS $117,147. APRONIANO LABONITE, EVP OF TEAM ENGAGEMENT, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2021 WAS $34,724. CHERYL BROWN, EVP OF MEMBER SUPPORT & SERVICE, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2021 WAS $22,644. KEVEN GRAY, EVP OF MEMBER FULFILLMENT, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2021 WAS $8,572. KEVIN WILBORN, VP CONSUMER LENDING, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2021 WAS $29,241. THE AMOUNT DISTRIBUTED IN 2021 WAS $105,224. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS COMPOSED OF ONE CLASS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERS ELECT MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE ASSISTANT CONTROLLER AND THE VP OF ACCOUNTING AND FINANCE REVIEW THE CREDIT UNION'S FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. EACH EMPLOYEE HAS THE RESPONSIBILITY FOR DEMONSTRATING THEIR COMPLIANCE WITH THIS POLICY, AND ALL POTENTIAL EMPLOYEES WILL REVIEW AND SIGN THIS POLICY BEFORE CONSIDERATION FOR EMPLOYMENT. THE CONFLICT OF INTEREST POLICY IS MONITORED DURING BOARD MEETINGS. BOARD CONFLICT DECLARATION AND POLICY ADHERENCE IS DOCUMENTED IN THE BOARD MEETING MINUTES. NO DIRECTOR OR COMMITTEE MEMBER OF THE CREDIT UNION IS ALLOWED TO PARTICIPATE IN THE DELIBERATION OF ANY QUESTION AFFECTING THEIR OWN FINANCIAL INTEREST. SUCH DIRECTOR OR COMMITTEE MEMBER WILL WITHDRAW FROM THE DELIBERATION AND DECISION UPON SUCH INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE CREDIT UNION'S PROCEDURES FOR DETERMINING COMPENSATION OF THE CEO INCLUDE COMPENSATION SURVEYS AND APPROVAL BY THE BOARD. COMPENSATION IS REVIEWED ON AN ANNUAL BASIS AND DOCUMENTED IN THE MEETING MINUTES OF THE EXECUTIVE BOARD SESSION. FORM 990, PART VI, SECTION C, LINE 18 FORMS 1024 AND 990 ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME 936,589.