2020-11-02T13:47:06-06:00 2019-12-31 910189318 MOSS ADAMS LLP 2707 COLBY AVENUE SUITE 801 EVERETT WA 98201 990 2019-01-01 910333066 KITSAP CREDIT UNION KITS 3606622000 PO BOX 990 BREMERTON WA 98337 BRADLEY MILLER SVP/CFO 3606622000 2020-10-22 1 COLLEEN RAMIRES P01251320 4252597227 2020-10-22 76.121.192.40 2020-10-22 15:01:31 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 3EF74A9F095120C19DBF54175AA7CEC7F455DBD7 2019 2021-04-22 16:20:28Z SHAWN GILFEDDER PO BOX 990 BREMERTON WA 98337 74155675 0 X WWW.KITSAPCU.ORG X 1934 WA A NOT-FOR-PROFIT FINANCIAL COOPERATIVE OFFERING CHECKING, SAVINGS AND LENDING PROGRAMS AND RELATED SERVICES TO MEMBERS WHO LIVE, WORK, OR WORSHIP IN THE STATE OF WASHINGTON. KITSAP CREDIT UNION (KCU) ALSO PROVIDES FINANCIAL LITERACY PROGRAMS AND IS ACTIVELY INVOLVED IN COMMUNITY OUTREACH PROGRAMS." 9 9 373 15 900387 13026 0 0 62642309 70020960 2792522 4111255 0 0 65434831 74132215 185264 229661 0 0 20048157 24447713 0 0 0 34486478 40379956 54719899 65057330 10714932 9074885 1254472738 1435523011 1121966550 1290796779 132506188 144726232 TO OFFER CHECKING, SAVINGS, AND LENDING PROGRAMS TO MEMBERS WHO LIVE, WORK, AND WORSHIP IN THE STATE OF WASHINGTON. KCU ALSO PROVIDES FINANCIAL LITERACY PROGRAMS AND IS ACTIVELY INVOLVED IN COMMUNITY OUTREACH PROGRAMS. 0 0 SECURED AND UNSECURED LOANS ISSUED TO CREDIT UNION MEMBERS, AS RELATED TO THE EXEMPT PURPOSE OF KCU. THE TYPES OF LOANS ISSUED INCLUDE DIRECT AND INDIRECT VEHICLE LOANS, VISA'S, HOME EQUITY LOANS, AND MORTGAGE LOANS. SAVINGS PROGRAMS THAT ARE PROVIDED TO CREDIT UNION MEMBERS, AS RELATED TO THE EXEMPT PURPOSE OF KCU. THE TYPES OF ACCOUNTS OFFERED ARE CHECKING, MONEY MARKET ACCOUNTS, IRA ACCOUNTS, REGULAR SAVINGS, AND CERTIFICATES. COMMUNITY INVOLVEMENT INCLUDING DONATION OF STAFF TIME IN THE COMMUNITY. KCU ALSO OFFERS MANY FINANCIAL LITERACY CLASSES FOR CHILDREN AND ADULTS. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 27435 0 1 373 1 1 1 0 0 0 0 0 1 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X BRADLEY MILLER 3606622120 PO BOX 990 BREMERTON WA 98337 SUSAN BAKER CHAIR 8.00 X X 22584 0 0 JIM ROWSON DIRECTOR 5.00 X 22333 0 0 PETE SCHLICHER VICE CHAIR 8.00 X X 20967 0 0 BOB PODRAT DIRECTOR & COMMITTEE CHAIR 8.00 X 20000 0 0 WENDIE JOHNSON DIRECTOR 5.00 X 15527 0 0 VICKI GAMBRELL SECRETARY 5.00 X X 15000 0 0 SUSAN SIOBHAN CANTY DIRECTOR 5.00 X 15000 0 0 TONY BOLANDER DIRECTOR 5.00 X 15000 0 0 DOUG LUPTON DIRECTOR 5.00 X 7750 0 0 CAROLYN MAXON DIRECTOR (THROUGH 4/19) 5.00 X 7750 0 0 ELLIOT GREGG PRESIDENT/CEO (THROUGH 1/19) 50.00 X 1362200 0 1774 SHAWN GILFEDDER PRESIDENT/CEO 50.00 X 629904 0 10515 KELLIE D LETEXIER SVP/COO 50.00 X 345098 0 117103 BRADLEY MILLER SVP/CFO 50.00 X 320129 0 113312 ANTHONY G BULLERI SVP/CLO 50.00 X 266711 0 95752 COLIN P MORRISON SVP/CIO 50.00 X 245106 0 95877 CHERYL L STONE SVP/CTO 50.00 X 273130 0 14140 JAMES W PYRON SVP/CMO 50.00 X 237149 0 3138 MARK GAULT VP STRATEGIC PLANNING 40.00 X 159237 0 16552 JEREMY MANDERY VP LENDING & CREDIT ADMIN 40.00 X 129066 0 18288 LAURA J ENQUIST VP MEMBER EXPERIENCE 40.00 X 137100 0 9289 LEAH A OLSON VP MARKETING 40.00 X 128499 0 12008 MELINDA M ANTHONY DIR. CONSUM. LOAN UNDER. 40.00 X 123268 0 14784 4518508 0 522532 18 0 1 0 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 ONLINE BANKING/BILL PAY SERVICE 2166761 VISA PO BOX 742233 LOS ANGELES CA 90074 PLASTIC CARD DATA PROCESSING SERVICE 1238697 GIBSON MEDIA INC 108 S WASHINGTON ST SUITE 104 SEATTLE WA 98104 ADVERTISING/CONSULTING 1215022 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 CONSULTING/CORE SYSTEM 943110 MICROSOFT SERVICES PO BOX 844510 DALLAS TX 75284 SOFTWARE LICENSING/SUPPORT 885204 31 INTEREST ON LOANS 522130 52384322 52384322 INTERCHANGE INCOME 522130 8688575 8688575 FEE INCOME 522130 7228021 7228021 OTHER INCOME 522130 1720042 819655 900387 70020960 4108608 4108608 26107 23460 2647 2647 2647 74132215 69120573 900387 4111255 229661 4292448 15518513 489945 2525038 1621769 19502 197021 2964980 2509463 4839908 3141736 2472190 357377 7734488 2064954 362568 LOAN PROVISION 6407809 DEBIT CARD EXPENSES 2379539 LOAN EXPENSES 1952324 UBIT TAXES 46500 2929597 65057330 24942935 25790623 44925846 145727450 21514645 23757111 0 5494943 998300470 1092986367 5172380 5655404 57440573 23375483 34653356 34065090 106357840 79731137 2673757 4610764 352739 303222 15578770 17400900 1254472738 1435523011 11778307 12083704 131921 97788 370811 371474 1109685511 1278243813 1121966550 1290796779 X 0 0 0 0 132506188 144726232 132506188 144726232 1254472738 1435523011 9074885 3145159 0 X 0 0 0 6012 0 0 6012 6012 1 CREDIT UNION LEGISTLATIVE ACTION FUND 18000 INTERNATIONAL BLVD STE 350 SEATAC WA 98188 800043051 6012 PART I-A, LINE 1: THE CREDIT UNION CONTRIBUTED TO A POLITICAL ACTION COMMITTEE WHOSE FUNDS ARE USED TO MAKE CONTRIBUTIONS TO SUPPORT THE ELECTION OF CREDIT UNION-FRIENDLY CANDIDATES FOR STATEWIDE OFFICE AND STATE LEGISLATURE. 0 1 X 6255035 6255035 33571919 10312614 23259305 5081910 3440131 1641779 12416448 9611936 2804512 115261 10802 104459 34065090 MEMBER SHARES & DEPOSITS 1278243813 1278243813 PART IV, LINE 2B: ESCROW SHARES ARE USED TO PAY PROPERTY TAXES AND INSURANCE FOR MEMBERS WITH REAL ESTATE LOANS. 0 CENTRAL KITSAP FOOD BANK PO BOX 1185 SILVERDALE WA 98383 911425561 501(C)(3) 6989 FOOD BANK DONATIONS CENTRAL KITSAP SCHOOL DISTRICT PO BOX 8 SILVERDALE WA 98383 911316091 SCHOOL DISTRICT 100000 ATHLETIC COMPLEX SPONSORSHIP KITSAP COMMUNITY FOUNDATION PO BOX 3670 SILVERDALE WA 98383 943205217 501(C)(3) 10000 2019 KITSAP GREAT GIVE LEAD SPONSORSHIP KITSAP ECONOMIC DEVELOPMENT ALLIANCE 2021 NW MYHRE RD STE 100 SILVERDALE WA 98383 911335188 501(C)(6) 10000 PARTNER INVESTMENTS 2019 NAVY-MARINE CORPS RELIEF SOCIETY 120 S DEWEY ST BLDG 853 BREMERTON WA 98314 530204618 501(C)(3) 7545 FOOD BANK DONATIONS NORTH KITSAP FISHLINE PO BOX 1517 POULSBO WA 98370 911244431 501(C)(3) 7545 FOOD BANK DONATIONS SHARENET FOOD BANK PO BOX 479 KINGSTON WA 98346 824153719 501(C)(3) 7545 FOOD BANK DONATIONS UNITED WAY OF KITSAP COUNTY 645 4TH STREET STE 101 BREMERTON WA 98337 910623990 501(C)(3) 19577 2019 CORPORATE SPONSORSHIP WWU FOUNDATION 516 HIGH STREET BELLINGHAM WA 98225 916073519 501(C)(3) 10000 SMALL BUSINESS DEVELOPMENT CENTER DONATION YMCA OF PIERCE AND KITSAP COUNTIES 4717 S 19TH ST STE 201 TACOMA WA 98405 910565562 501(C)(3) 13500 2019 ANNUAL CAMPAIGN, PROGRAM SPONSORSHIP NORTHWEST CREDIT UNION FOUNDATION 18000 INTERNATIONAL BOULEVARD STE 350 SEATAC WA 98188 911649328 501(C)(3) 6012 GENERAL SUPPORT 10 1 X 1 1 X X X 0 1 0 ELLIOT GREGG PRESIDENT/CEO (THROUGH 1/19) 28846 0 118750 0 1214604 0 0 0 1774 0 1363974 0 1178924 0 SHAWN GILFEDDER PRESIDENT/CEO 577524 0 0 0 52380 0 10515 0 0 0 640419 0 0 0 KELLIE D LETEXIER SVP/COO 280700 0 64398 0 0 0 111500 0 5603 0 462201 0 0 0 BRADLEY MILLER SVP/CFO 263053 0 57076 0 0 0 107709 0 5603 0 433441 0 0 0 ANTHONY G BULLERI SVP/CLO 225316 0 41395 0 0 0 90447 0 5305 0 362463 0 0 0 COLIN P MORRISON SVP/CIO 209348 0 35758 0 0 0 87585 0 8292 0 340983 0 0 0 CHERYL L STONE SVP/CTO 213130 0 60000 0 0 0 8697 0 5443 0 287270 0 0 0 JAMES W PYRON SVP/CMO 112149 0 125000 0 0 0 3138 0 0 0 240287 0 0 0 MARK GAULT VP STRATEGIC PLANNING 149237 0 10000 0 0 0 8260 0 8292 0 175789 0 0 0 PART I, LINE 1A APPROVED PAID TRAVEL EXPENSES FOR BOARD MEMBER AND OFFICER GUESTS AS PER WRITTEN POLICY AND ARE INCLUDED IN TAXABLE COMPENSATION AS APPROPRIATE. PART I, LINE 4B THE CREDIT UNION HAS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) AGREEMENT FOR ELLIOT GREGG, BRADLEY MILLER, KELLIE LETEXIER, ANTHONY BULLERI, AND COLIN MORRISON. RESPECTIVELY, EACH ACCRUED $17,202, $93,750, $97,500, $78,750, AND $75,000 UNDER THIS AGREEMENT FOR THE YEAR ENDING DECEMBER 31, 2019. ELLIOT GREGG RECEIVED A PAYOUT OF $1,196,126 IN JANUARY OF 2019. IN 2019, SHAWN GILFEDDER PARTICIPATED IN A SPLIT DOLLAR LOAN PLAN. SHAWN GILFEDDER PRESIDENT/CEO SPLIT DOLLAR LIFE INSURANCE POLICY X 5483679 5494943 0 1 1 5494943 FORM 990, PART VI, SECTION A, LINE 6 KITSAP CREDIT UNION HAD 112,711 MEMBERS AS OF DECEMBER 31, 2019. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS ARE ELECTED FOR A 3-YEAR TERM AND CAN RUN FOR RE-ELECTION. NEW DIRECTORS ARE APPROVED BY EXISTING DIRECTORS TYPICALLY, BUT MEMBERS WILL APPROVE THE DIRECTORS IF THE NUMBER OF DIRECTORS NOMINATED EXCEEDS THE OPENINGS. BALLOTS ARE MAILED TO MEMBERS ONLY WHEN NECESSARY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD MEMBERS, ACCOUNTING MANAGER, ACCOUNTING SUPERVISOR, AND SVP/CFO REVIEW THE RETURN FOR ACCURACY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CODE OF CONDUCT IS REQUIRED TO BE REVIEWED AND SIGNED (WITH OR WITHOUT DISCLOSURES) OR ACKNOWLEDGED (BY ELECTRONIC SIGNATURE) UPON HIRE FOR NEW EMPLOYEES AND ANNUALLY THEREAFTER FOR ALL STAFF, OFFICIALS, AND DIRECTORS. NO DIRECTOR OR COMMITTEE MEMBER OF THE CREDIT UNION WILL PARTICIPATE IN THE DELIBERATION OF ANY QUESTION AFFECTING HIS/HER OWN, IMMEDIATE FAMILY MEMBER'S, OR HOUSEHOLD MEMBER'S PECUNIARY INTEREST. SUCH DIRECTOR OR COMMITTEE MEMBER WILL WITHDRAW FROM THE DELIBERATION AND DECISION UPON SUCH INTEREST. ANY POTENTIAL CONFLICT CONCERNING A BOARD MEMBER WOULD BE ADDRESSED BY THE BOARD CHAIR, AND IF APPROPRIATE, THE BOARD AND/OR CEO. A BOARD MEMBER WHO DOES NOT ABIDE BY THE CODE OF CONDUCT MAY BE SUSPENDED OR REMOVED HIS OR HER POSITION. A POTENTIAL CONFLICT INVOLVING A STAFF MEMBER WOULD BE ADDRESSED BY MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 15A KITSAP CREDIT UNION USED AN OUTSIDE COMPENSATION CONSULTANT (ONE FOR STAFF AND ANOTHER FOR EXECUTIVE COMPENSATION) TO DETERMINE MARKET RANGES FOR PAY FOR ALL POSITIONS IN 2018. THE HUMAN RESOURCES DEPARTMENT WORKS WITH THE CONSULTANTS TO ENSURE PAY RANGES ARE COMPETITIVE AND WITHIN THE MARKET. ACTUAL INDIVIDUAL PAY FOR THE CEO IS DETERMINED BY AND VOTED ON ANNUALLY BY THE BOARD OF DIRECTORS. PAY FOR OFFICERS IS DETERMINED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 KITSAP CREDIT UNION MAKES THE MONTHLY FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY POSTING THEM IN EACH BRANCH. GOVERNING DOCUMENTS, SUCH AS ARTICLES OF INCORPORATION, ARE AVAILABLE UPON REQUEST.