2025-09-16T17:48:50-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2024-01-01 910659059 HARBORSTONE CREDIT UNION HARB 2535898009 PO BOX 4207 TACOMA WA 98438 MARK FAIRBANKS SVP/ CHIEF FINANCIAL OFFICER 2535898009 2025-09-16 1 1 LISA N RYSSEL CPA P00643670 7149781300 2025-09-08 2024 2025-03-06 01:10:19Z GEOFF BULLOCK PO BOX 4207 TACOMA WA 98438 132434318 0 X WWW.HARBORSTONE.COM X 1955 WA HARBORSTONE CREDIT UNION IS WORLD-CLASS FINANCIAL INSTITUTION THAT BUILDS TRUST AS IT ASSISTS MEMBERS IN ACHIEVING FINANCIAL WELL-BEING THROUGH INNOVATIVE SOLUTIONS THAT FOSTER THRIVING COMMUNITIES AND ECONOMIC VITALITY. 9 9 374 14 140881 0 0 0 79638564 99006521 11614888 23182311 1857246 486268 93110698 122675100 474000 550725 21204719 35125505 28635173 34373283 0 0 0 35697815 41871626 86011707 111921139 7098991 10753961 1907287967 2109617653 1741880043 1932427270 165407924 177190383 THE CREDIT UNION IS A WORLD CLASS FINANCIAL INSTRITUTION THAT BUILDS TRUST AS IT ASSISTS MEMBERS IN ACHIEVING FINANCIAL WELL BEING THROUGH INNOVATIVE SOLUTIONS THAT FOSTER THRIVING COMMUNITIES AND ECONOMIC VITALITY. 0 0 PROVIDING CONSUMER AND MORTGAGE LOANS FOR 42,871 MEMBERS TOTALING $1,189,967,421. PROVIDING BUSINESS LOANS TO 502 MEMBERS TOTALING $358,714,995. MAINTAINING DEPOSITS ON 92,561 MEMBERS AND BUSINESS ACCOUNTS TOTALING $1,862,273,561. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 33058 0 1 374 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 1 1 1 1 1 1 1 1 0 X MARK FAIRBANKS 2535898009 PO BOX 4207 TACOMA WA 98438 GEOFF BULLOCK PRESIDENT & CEO 40.00 X 1083677 0 43471 STEVE CROSBY SR VP COO (LEFT 07/2024) 40.00 X 1092550 0 34036 ROBERT LUETTJOHANN SR VP CLO 40.00 X 330799 0 54513 THERESA WALYOR SR VP CIO 40.00 X 305867 0 49043 MARK FAIRBANKS SR VP CFO 40.00 X 286018 0 55941 TIM HOEFEL SR VP CRO 40.00 X 291180 0 36647 SCOTT BECKWITH VP BUSINESS BANKING 40.00 X 202879 0 42673 CONNOR LEWIS VP STRATEGIC INITIATIVES 40.00 X 198399 0 36857 BONN VALERA VP RETAIL 40.00 X 169468 0 41861 HEATHER HEALEA VP CONSUMER LENDING 40.00 X 173329 0 31847 SCOTT HIGGINS VP BUSINESS BANKING 40.00 X 183438 0 20957 JIMESE HARKLEY SVP CCEO 40.00 X 136681 0 8590 DOLORES BROESKE SVP CPO 40.00 X 71504 0 192 ANN ANDERSON VICE CHAIR 2.00 X X 39771 0 716 FRANKLIN DONAHOE DIRECTOR 2.00 X 37537 0 676 SHELLIE WILLIS SECRETARY 2.00 X X 36484 0 657 LINDA CRANE NELSEN DIRECTOR 2.00 X 32413 0 583 RICK STEVENS CHAIR 2.00 X X 31735 0 571 MICHAEL GEDEON DIRECTOR 2.00 X 22174 0 399 IVAN BARRON DIRECTOR 2.00 X 19301 0 348 JAMES BUCK DIRECTOR 2.00 X 16341 0 294 BONNIE KERN DIRECTOR 2.00 X 15866 0 286 4777411 0 461158 50 0 1 0 COOK SOLUTIONS GROUP 9225 NE CASCADES PARKWAY PORTLAND OR 97220 ATM, TCR & SECURITY EQUIPMENT SERVICING 1730684 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 ONLINE BANKING PROVIDER 1405366 FIDELITY INFORMATION SERVICES INC PO BOX 4535 CAROL STREAM IL 60197 CORE PROCESSOR, CHECK PROCESSING 1184595 THE ELEMENT GROUP INC 155 BREWERY LANE STE A PORTSMOUTH NH 03801 CONSTRUCTION SERVICES 1021292 VISA USA PO BOX 742233 LOS ANGELES CA 90074 DEBIT & CREDIT CARD NETWORK PROCESSOR 1006385 74 INTEREST FROM LOANS 522100 86838113 86838113 INTERCHANGE INCOME 522100 6563778 6563778 FEE INCOME 522100 3123237 3034775 88462 NONSUFFICIENT FUNDS AND OVERDRAFT 522100 1502364 1502364 REVENUE-SHARING INCOME 522100 917479 917479 61550 9131 52419 99006521 12865522 12865522 85380 38572 46808 46808 46808 20037435 1581 9719065 -1581 10318370 10316789 10316789 MISCELLANEOUS REVENUE 900099 439460 439460 439460 122675100 98865640 140881 23668579 550725 35125505 4136862 21681808 3015008 3564541 1975064 673645 161100 18895 5982234 2235571 3340900 3006170 2939020 242992 480386 3001693 1964859 345577 PROVISION FOR LOAN LOSS 11311440 LOAN SERVICING 3476933 ATM PROCESSING 1049013 EDUCATION 554448 1086750 111921139 5414370 5610848 86739292 112133452 5814237 7618792 3171728 2199269 1355796740 1545260436 3455927 5478281 48705666 29292273 24290160 19413393 366393209 330996192 2619099 4244793 14097973 53593205 62564224 1907287967 2109617653 12774619 15582499 55086440 57966997 1674018984 1858877774 1741880043 1932427270 X 0 0 0 0 165407924 177190383 165407924 177190383 1907287967 2109617653 X 10753961 -373471 1401969 X X 0 1 X 1 0 18895 0 0 18895 18895 1 GOWEST CREDIT UNION ASSOCIATION 18000 INTERNATIONAL BLVD SUITE 350 SEATAC WA 98188 910460483 18095 0 PART I-A, LINE 1: CONTRIBUTED TO THE CREDIT UNION LEGISLATIVE ACTION FUND 4326282 4326282 16649931 8077892 8572039 7838477 4760902 3077575 19724058 16453479 3270579 166918 166918 19413393 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1858877774 1858877774 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE 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. 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, 2024 AND 2023. THE CREDIT UNION'S 2021 THROUGH 2023 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. 1 BUSINESS IMPACT NW (SEATTLE ECONOMIC DEVELOPMENT) 1437 S JACKSON ST SEATTLE WA 98144 911764008 501(C)(3) 163500 0 N/A N/A SPONSORSHIP FOR SUPPORTING SMALL BUSINESS AND WA STATE GRADUATES STARTING THEIR OWN JUNIOR ACHIEVEMENT OF WASHINGTON 1700 WESTLAKE AVE STE 400 SEATTLE WA 98109 910604913 501(C)(3) 57000 0 N/A N/A CREATING A STOREFRONT TO SUPPORT AND EDUCATE YOUTH ON FINANCIAL SERVICES UW FOSTER SCHOOL OF BUSINESS PO BOX 353200 SEATTLE WA 98195 916001537 501(C)(3) 52500 0 N/A N/A SPONSORSHIP FOR BOARD FELLOW PROGRAM CU STRATEGIC PLANNING 4534 S PARK AVE TACOMA WA 98418 462028349 501(C)(3) 50000 0 N/A N/A GRANT TO SUPPORT EPA GREEN GAS REDUCTION JBLM DFMWR (DIRECTORATE OF MORALE WELFARE AND RECREATION) BLDG 2013B N 3RD ST BOX 339500 MS 20 JOINT BASE LEWISMCCHOR WA 98433 910976994 501(C)(3) 42015 0 N/A N/A SPONSORING JBLM 2024 AIRSHOW SOUND OUTREACH 1106 MARTIN LUTHER KING JR WAY TACOMA WA 98405 911741624 501(C)(3) 30000 0 N/A N/A HELP LOW INCOME COMMUNITIES THROUGH FINANCIAL COACHING, SERVICES AND JOB TRAINING SKAGIT VALLEY TULIP FESTIVAL PO BOX 1784 MOUNT VERNON WA 98273 911662982 501(C)(3) 20000 0 N/A N/A SPONSORSHIP TO SUPPORT LOCAL FARMS IN COLLABORATION WITH SAVIBANK PIKE PLACE MARKET FOUNDATION 93 PIKE ST STE 310 SEATTLE WA 98101 911197625 501(C)(3) 20000 0 N/A N/A DONATION TO SUPPORT LOW INCOME NEIGHBORS BY FUNDRAISING AND COMMUNITY BUILDING UNITED WAY OF PIERCE COUNTY PO BOX 2215 TACOMA WA 98401 910650669 501(C)(3) 15260 0 N/A N/A POVERTY TO POSIBILITIES GAME CHANGES SPONSORSHIP LAKEWOOD MULTICULTURAL COALITION 6000 MAIN ST SW LAKEWOOD WA 98499 604340264 501(C)(3) 13000 0 N/A N/A PLEDGE TO SUPPORT DIVERSITY IN OUT COMMUNITIES AMERICAN CANCER SOCIETY OF WASHINGTON INC 1324 FOREST AVE STE 420 STATEN ISLAND NY 10302 814392579 501(C)(3) 12000 0 N/A N/A SPONSORSHIP TO SUPPORT 5 WALKS PIERCE MILITARY AND BUSINESS ALLIANCE (PMBA) 2822 EAST BAY DR GIG HARBOR WA 98335 383675245 501(C)(3) 10000 0 N/A N/A DONATION TO SUPPORT MILITARY COMMUNITIES UNITED WAY OF KINGS COUNTY 720 2ND AVE SEATTLE WA 98104 910565555 501(C)(3) 10000 0 N/A N/A SPONSOR COMMUNITY BBQ EVENT GREATER SEATTLE BUSINESS ASSOCIATION (GSBA) SCHOLARSHIP FUND 400 E PINE ST STE 322 SEATTLE WA 98122 943138514 501(C)(3) 7750 0 N/A N/A SPONSORSHIP TO SUPPORT LEADERSHIP AND EDUCATION IN LGBTQ+ COMMUNITIES KING COUNTY EMPLOYEE GIVING PROGRAM 201 S JACKSON ST SEATTLE WA 98104 916001327 GOV 7500 0 N/A N/A KC EMPLOYEE GIVING PROGRAM DONATION COMMUNITIES IN SCHOOLS KENT PO BOX 62 KENT WA 98035 911523924 501(C)(3) 5200 0 N/A N/A SPONSORSHIP FOR ANNUAL BREAKFAST FOR THE KIDS 16 0 PART I, LINE 2: REQUESTS FOR GRANTS ARE EVALUATED BY THE CREDIT UNION QUARTERLY. ORGANIZATIONS REQUESTING OR RECEIVING GRANTS UNDER $2,500 MUST PROVIDE THEIR IRS EXEMPTION LETTER STATING THEY ARE A 501(C)(3), A CORPORATE GIVING APPLICATION PRODUCED BY THE CREDIT UNION, A COMPLETED BUDGET FOR THE EVENT OR PROJECT AND EXPLAIN THE SOURCES OF REVENUE AND SUPPORTING DOCUMENTATION FOR USE OF FUNDS. THE CORPORATE GIVING APPLICATION REQUESTS THE GRANT'S PURPOSE, HOW THE FUNDS WILL BE USED AND HOW THE FUNDS WILL IMPACT THE LOCAL COMMUNITY. X X X 1 1 X X X X 1 1 0 GEOFF BULLOCK PRESIDENT & CEO 769147 0 314530 0 0 0 27600 0 15871 0 1127148 0 0 0 STEVE CROSBY SR VP COO (LEFT 07/2024) 276002 0 40736 0 775812 0 18309 0 15727 0 1126586 0 0 0 ROBERT LUETTJOHANN SR VP CLO 294045 0 36754 0 0 0 41283 0 13230 0 385312 0 0 0 THERESA WALYOR SR VP CIO 277407 0 28460 0 0 0 36944 0 12099 0 354910 0 0 0 MARK FAIRBANKS SR VP CFO 259980 0 26038 0 0 0 35128 0 20813 0 341959 0 0 0 TIM HOEFEL SR VP CRO 272205 0 18975 0 0 0 20520 0 16127 0 327827 0 0 0 SCOTT BECKWITH VP BUSINESS BANKING 185238 0 17641 0 0 0 26340 0 16333 0 245552 0 0 0 CONNOR LEWIS VP STRATEGIC INITIATIVES 183252 0 15147 0 0 0 19651 0 17206 0 235256 0 0 0 BONN VALERA VP RETAIL 156153 0 13315 0 0 0 21242 0 20619 0 211329 0 0 0 HEATHER HEALEA VP CONSUMER LENDING 160058 0 13271 0 0 0 21301 0 10546 0 205176 0 0 0 SCOTT HIGGINS VP BUSINESS BANKING 170025 0 13413 0 0 0 19701 0 1256 0 204395 0 0 0 PART I, LINE 1A AN ANNUAL TECHNOLOGY ALLOWANCE IS ALLOCATED TO BOARD MEMBERS FOR HOME OFFICE USE. TRAVEL EXPENSES FOR COMPANIONS OF BOARD MEMBERS AND EXECUTIVES ARE PERMITTED, UP TO A LIMIT OF $600. PART I, LINES 4A-B THE FOLLOWING INDIVIDUALS RECEIVED A SEVRANCE PAYMENT DURING 2024 - - STEVE CROSBY, FORMER COO, $310,000 457F PLAN: THE CREDIT UNION HAS UNFUNDED DEFERRED COMPENSATION AGREEMENTS WITH MEMBERS OF THE EXECUTIVE MANAGEMENT TEAM THAT PROVIDE BENEFITS PAYABLE TO THESE EMPLOYEES IF THEY REMAIN EMPLOYED BY THE CREDIT UNION UNTIL A SPECIFIC DATE. IF THESE EMPLOYEES BECOME FULLY DISABLED OR UPON DEATH, A PORTION OF THE BENEFIT WILL BE DISBURSED AS DEFINED IN THE AGREEMENTS. THE BENEFITS ARE SUBJECT TO FORFEITURE IF EMPLOYMENT IS TERMINATED FOR CAUSE OR IF THE EMPLOYEE IS NO LONGER EMPLOYED BY THE CREDIT UNION ON THE PAYMENT DATE AS DEFINED. THE ESTIMATED LIABILITY UNDER THE AGREEMENTS IS BEING ACCRUED OVER THE REMAINING TERM OF EACH AGREEMENT. NO EMPLOYEES RECEIVED CONTRIBUTIONS UNDER THIS PLAN DURING 2024. THE FOLLOWING EMPLOYEE RECEIVED A DISTRIBUTION FROM THIS PLAN DURING 2024. - STEVE CROSBY, FORMER COO, $465,812 ANN ANDERSON BOARD CHAIR HELOC X 100000 73114 0 1 1 ANN ANDERSON BOARD CHAIR VEHICLE X 26656 19267 0 1 1 ANN ANDERSON BOARD CHAIR MORTGAGE X 278500 202537 0 1 1 GEOFF BULLOCK PRESIDENT/CEO VEHICLE X 68137 68137 0 1 1 MARK FAIRBANKS SR VP CFO VEHICLE X 14914 13389 0 1 1 MARK FAIRBANKS SR VP CFO VEHICLE X 8607 7629 0 1 1 MARK FAIRBANKS SR VP CFO MORTGAGE X 355000 312031 0 1 1 MARK FAIRBANKS SR VP CFO HELOC X 125000 72969 0 1 1 MICHAEL GEDEON BOARD MEMBER MORTGAGE X 563000 453534 0 1 1 ROBERT LUETTJOHANN SR VP CLO MORTGAGE X 800000 708268 0 1 1 THERESA WALYOR SR VP CIO MORTGAGE X 328000 268394 0 1 1 2199269 FORM 990, PART VI, SECTION A, LINE 1A THE PURPOSE OF THE EXECUTIVE COMMITTEE IS TO ACT IN AREAS WHERE AND WHEN THE FULL BOARD CANNOT PROVIDE A QUICK, RESPONSIVE DECISION AND TO MAKE DECISIONS FOR THE BOARD AS SPECIFICALLY DELEGATED. MEMBERS OF THE EXECUTIVE COMMITTEE WHO ARE ABLE TO VOTE SHALL INCLUDE THE CHAIR, VICE CHAIR AND SECRETARY OF THE BOARD. PROVIDING GUIDANCE AND COUNSEL TO THE EXECUTIVE COMMITTEE WHO IS NON-VOTING MAY INCLUDE THE PRESIDENT/CEO. THE CHAIR OF THE BOARD SHALL BE THE CHAIR OF THE EXECUTIVE COMMITTEE. AT ALL MEETINGS OF THE EXECUTIVE COMMITTEE, EACH DIRECTOR PRESENT SHALL HAVE ONE VOTE ON ANY MATTER AND EXCEPT AS OTHERWISE PROVIDED BY THE ACT OR THESE BYLAWS, THE ACTION OF A MAJORITY OF EXECUTIVE COMMITTEE MEMBERS AT A MEETING SHALL BE THE ACT OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE WILL HAVE THE AUTHORITY TO EXERCISE ALL OF THE POWERS OF THE BOARD, EXCEPT THAT THE EXECUTIVE COMMITTEE WILL NOT HAVE THE AUTHORITY OF THE BOARD IN REFERENCE TO: - AMENDING THE CREDIT UNION'S BYLAWS OR ARTICLES OF INCORPORATION - EXERCISING THE NON-DELEGABLE POWERS UNDER THE ACT - REMOVING OR SUSPENDING OFFICERS FROM THEIR OFFICE UNDER ARTICLE 6 SECTION 6.4 OR COMMITTEE MEMBERS FROM THEIR COMMITTEES - APPOINTING INTERIM DIRECTORS UNDER ARTICLE 6, SECTION 6.5 - SUSPEND BOARD OR SUPERVISORY COMMITTEE MEMBERS - ADOPTING A PLAN OF MERGER OR LIQUIDATION, OR CHANGING THE CHARTER OF THE CREDIT UNION. 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 CHARTER AND BYLAWS. THIS GENERALLY CONSISTS OF THOSE 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 THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT 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. ONCE THIS DETAILED REVIEW IS COMPLETE, THE DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, ALL EMPLOYEES & VOLUNTEERS ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY. SIGNATURES ARE OBTAINED VERIFYING THAT THEY ATTEST TO HAVING READ THE POLICY. ADDITIONALLY, EACH NEW EMPLOYEE HIRED BY THE CREDIT UNION REVIEWS THE CONFLICT OF INTEREST POLICY ON THEIR FIRST DAY OF EMPLOYMENT. IF A SITUATION ARISES INVOLVING A CONFLICT OF INTEREST, IT SHALL BE REPORTED TO THE PRESIDENT/CEO OR TO THE CHAIR OF THE BOARD OF DIRECTORS, AS APPLICABLE, IN ORDER TO PERMIT CONSIDERATION OF THE CIRCUMSTANCES AND THEREBY TO RELIEVE THE INDIVIDUAL(S) REPORTING SUCH A CONFLICT FROM LIABILITY. EACH INSTANCE OF A CONFLICT OF INTEREST SHALL BE ADDRESSED DURING THE NEXT BOARD MEETING FOLLOWING ITS SUBMISSION. ANY DISCUSSION CONCERNING THE CONFLICT OF INTEREST SHALL BE NOTED IN THE MINUTES OF THE MEETING. A MEMBER OF THE BOARD OF DIRECTORS SHALL NOT VOTE ON ANY CONFLICT OF INTEREST ITEM CONCERNING HIM/HERSELF. FORM 990, PART VI, SECTION B, LINE 15 WE UTILIZE VARIOUS REPUTABLE, THIRD-PARTY MARKET DATA SOURCES (MILLIMAN, CUES, ETC.) TO AID IN SETTING THE COMPENSATION OF THE PRESIDENT/CEO. COMPENSATION DECISIONS FOR THE PRESIDENT/CEO ARE MADE BY THE BOARD OF DIRECTORS. COMPENSATION IS REVIEWED ANNUALLY AND AS SUCH WAS REVIEWED IN 2024. THE COMPENSATION DECISION IS DOCUMENTED IN THE EMPLOYEE'S PERSONNEL FILE. WE UTILIZE VARIOUS REPUTABLE, THIRD-PARTY MARKET DATA SOURCES (MILLIMAN, CUES, ETC.) TO AID IN SETTING THE COMPENSATION OF OUR OTHER OFFICERS AND KEY EMPLOYEES. GENERALLY, FINAL COMPENSATION DECISIONS ARE MADE BY THE SENIOR VICE PRESIDENT/CHIEF OPERATIONS OFFICER. COMPENSATION DECISIONS FOR THE EXECUTIVE VICE PRESIDENT AND ALL OTHER SENIOR VICE PRESIDENT POSITIONS ARE MADE BY THE PRESIDENT/CEO. THIS DECISION IS REVIEWED ANNUALLY AND AS SUCH WAS REVIEWED IN 2024. THE COMPENSATION DECISION IS DOCUMENTED IN THE EMPLOYEE'S PERSONNEL FILE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 841,951. MERGER ADJUSTMENT - RESIDUAL CASH FROM CLOSING 560,018. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESS FOR AN INDEPENDENT ACCOUNTANT DURING THE TAX YEAR. CU SERVICES GROUP LLC 9611 GRAVELLY LAKE DR SW LAKEWOOD WA 98499 262064794 BUSINESS LENDING WA 678938 12290901 HARBORSTONE CREDIT UNION