2021-11-15T14:35:35-06:00 2020-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2020-01-01 910576399 IQ CREDIT UNION IQCR 3606953441 PO BOX 1739 VANCOUVER WA 986681739 DAN MEDAK CFO 3606953441 2021-11-15 1 DAN MEDAK XXX-XX-XXXX WENDY CAMPOS P00448102 5032421447 2021-11-15 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ERIC PETRACCA PO BOX 1739 VANCOUVER WA 986681739 75016143 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. 9 9 406 27 1524782 0 0 0 64287983 71903039 3376592 1168529 414053 1944575 68078628 75016143 100856 84000 0 0 23031951 24625379 0 0 0 30345867 34587706 53478674 59297085 14599954 15719058 1218686586 1533211130 1096573053 1396010120 122113533 137201010 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 89,385 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 22024 0 1 406 1 1 1 0 0 0 0 0 1 0 X 9 9 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 21125 0 0 JOSEPH NUTTING BOARD TREASURER 4.00 X X 17956 0 0 SHARON EASTMAN BOARD SECRETARY 4.00 X X 17956 0 0 JIM CHURCH BOARD VICE CHAIRMAN (THRU 03/20) 4.00 X X 9220 0 0 EVIE GRENDAHL BOARD MEMBER 2.50 X 16329 0 0 JIM ASKEY BOARD MEMBER 2.50 X 14788 0 0 JIL CLICK BOARD MEMBER 2.50 X 14788 0 0 JOAN DURGIN BOARD MEMBER 2.50 X 14788 0 0 DON KITTERMAN BOARD MEMBER 2.50 X 14788 0 0 STEVE PORTER BOARD MEMBER 2.50 X 14788 0 0 KELLY SCHRADER CEO & PRESIDENT 48.00 X 1245766 0 12600 DEWAYNE LEDBETTER SVP/CHIEF FINANCIAL OFFICER 48.00 X 266924 0 9649 DANETTE LACHAPELLE SVP OF COMMUNICATION 48.00 X 355667 0 30955 KARI STANSBERRY SVP OF HUMAN RESOURCES 48.00 X 291721 0 42094 ERIC PETRACCA CHIEF OPERATIONS OFFICER 48.00 X 231058 0 34543 GAYLE GUSTAFSON SENIOR VP LENDING/CLO 48.00 X 211333 0 24851 ALI MIGAKI SVP RETAIL DELIVERY 48.00 X 152632 0 12626 MICHAEL BOOTH SENIOR MORTGAGE LOAN OFFICER 45.00 X 775354 0 19800 MELANIE JOSEPHSON MORTGAGE LOAN OFFICER 45.00 X 519721 0 9056 JAMIE DOTSON MORTGAGE LOAN OFFICER 45.00 X 203883 0 12714 DENIS MARSH VP OF INSURANCE SERVICES 45.00 X 190103 0 16098 DIANNE SMITH VP OF MORTGAGE SERVICES 45.00 X 163020 0 15026 4763708 0 240012 34 0 1 0 PSCU INCORPORATED 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CARD SERVICES 1496597 ALKAMI TECHNOLOGY INC PO BOX 122223 DALLAS TX 753122223 ONLINE BANKING 959819 MERIDIAN LINK INC PO BOX 846822 LOS ANGELES CA 900846822 LOAN PROCESSING FEES 657858 FINANCIAL ASSET SERVICES INC 17752 MITCHELL AVE STE A IRVINE CA 92614 MORTGAGE APPRAISALS 495925 XPRESS DATA INC 10983 VIA FRONTERA SAN DIEGO CA 92127 MEMBER STATEMENT PROCESSOR 429162 24 LOAN INTEREST 522100 48017083 48017083 OTHER OPERATING INCOME 522100 18639442 17838706 800736 FEES AND CHARGES 522100 5208691 4522459 686232 PASSTHROUGH INCOME 522100 37823 9 37814 71903039 1168529 1168529 OTHER INCOME/LOSS 522100 1646875 1646875 OTHER INCOME/LOSS 523000 178700 178700 FEDERAL TAX REFUND 900099 119000 119000 1944575 75016143 72322832 1524782 1168529 74000 10000 3078944 17987169 566237 1679969 1313060 56008 232613 1203215 1696219 1431207 1587208 46788 14202 4993544 2617235 178266 LOAN LOSS PROVISION 9235880 LOAN SERVICING 5355913 ATM EXPENSES 2300218 BUSINESS MEALS 14354 3624836 59297085 7925829 7909951 199419399 249627281 927359780 1075459943 15720447 15552240 51710509 26411507 26040527 25299002 12893194 110294101 4611659 5374271 10356 0 24705395 43694341 1218686586 1533211130 16129686 15386145 1080443367 1380623975 1096573053 1396010120 X 0 0 0 0 122113533 137201010 122113533 137201010 1218686586 1533211130 X 15719058 228307 -859888 X 0 0 0 0 0 4972048 4972048 19718598 6335096 13383502 11218679 8429777 2788902 13248926 9487625 3761301 2552258 2159009 393249 25299002 SHARES/DEPOSITS 1380623975 1380623975 1 GREATER VANCOUVER CHAMBER OF COMMERCE PO BOX 66011 VANCOUVER WA 98666 910452260 501(C)(6) 25000 GENERAL SUPPORT FOUNDATION FOR VANCOUVER PUBLIC SCHOOLS PO BOX 6039 VANCOUVER WA 98668 910971800 501(C)(3) 20000 GENERAL SUPPORT WHY RACING 1011 BROADWAY ST VANCOUVER WA 98660 472525259 501(C)(3) 18000 GENERAL SUPPORT PARKS FOUNDATION PO BOX 61424 VANCOUVER WA 98666 911986747 501(C)(3) 6000 GENERAL SUPPORT 3 1 SCHOLARSHIPS 5 10000 0 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 KELLY SCHRADER CEO & PRESIDENT 584049 0 162571 0 499146 0 11400 0 1200 0 1258366 0 0 0 DEWAYNE LEDBETTER SVP/CHIEF FINANCIAL OFFICER 237670 0 29168 0 86 0 8743 0 906 0 276573 0 0 0 DANETTE LACHAPELLE SVP OF COMMUNICATION 160298 0 195369 0 0 0 29923 0 1032 0 386622 0 0 0 KARI STANSBERRY SVP OF HUMAN RESOURCES 162317 0 129404 0 0 0 30900 0 11194 0 333815 0 0 0 ERIC PETRACCA CHIEF OPERATIONS OFFICER 204970 0 26088 0 0 0 26143 0 8400 0 265601 0 0 0 GAYLE GUSTAFSON SENIOR VP LENDING/CLO 187177 0 24156 0 0 0 21762 0 3089 0 236184 0 0 0 ALI MIGAKI SVP RETAIL DELIVERY 133432 0 19200 0 0 0 5623 0 7003 0 165258 0 0 0 MICHAEL BOOTH SENIOR MORTGAGE LOAN OFFICER 199667 0 575687 0 0 0 11400 0 8400 0 795154 0 0 0 MELANIE JOSEPHSON MORTGAGE LOAN OFFICER 101527 0 418194 0 0 0 7377 0 1679 0 528777 0 0 0 JAMIE DOTSON MORTGAGE LOAN OFFICER 61400 0 77392 0 65091 0 9600 0 3114 0 216597 0 0 0 DENIS MARSH VP OF INSURANCE SERVICES 158680 0 31423 0 0 0 7931 0 8167 0 206201 0 0 0 DIANNE SMITH VP OF MORTGAGE SERVICES 148272 0 14748 0 0 0 6629 0 8397 0 178046 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 JAMIE DOTSON RECEIVED A SEVERANCE PAYMENT OF $50,000. 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. THE COMMITTEE'S REVIEW INCLUDES SALARY DATA FROM AT LEAST TWO SALARY SURVEYS. MINUTES ARE KEPT TO DOCUMENT THE DISCUSSION AND FINAL DECISION. THIS PROCESS WAS LAST UNDERTAKEN JANUARY 2019. 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 -822,065. PARTNERSHIP PASSTHROUGH BOOK/TAX DIFFERENCE -37,823. 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 373954 1895808 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 21180 FAIR MARKET VALUE CLARK FINANCIAL SERVICES INC Q 1228523 FAIR MARKET VALUE CLARK FINANCIAL SERVICES INC D 500000 LOAN GUARANTEE/NO BALANCE