FREEDOM NORTHWEST CREDIT UNION FNWCU: Form 990, tax year 2024
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- Organization
- FREEDOM NORTHWEST CREDIT UNION FNWCU (EIN 82-0262758)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-09-25
- IRS object ID
- 202532689349300948
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-09-25T22:18:12-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 994260840 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DOEREN MAYHEW | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8785 SW 165TH AVENUE SUITE 303 | AddressLine1Txt |
| City | MIAMI | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33193 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 820262758 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FREEDOM NORTHWEST CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FREE | BusinessNameControlTxt |
| Phone | 2089350277 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 68 | AddressLine1Txt |
| City | KAMIAH | CityNm |
| State Abbreviation | ID | StateAbbreviationCd |
| ZIP | 83536 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DON C BELISLE | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 2089350277 | PhoneNum |
| Signature | 2025-09-25 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AUBREY CLEGG | PreparerPersonNm |
| PTIN | P01076395 | PTIN |
| Phone | 3052328272 | PhoneNum |
| Preparation | 2025-09-22 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | GREGORY S GARRET | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 303 MAIN STREET | AddressLine1Txt |
| City | KAMIAH | CityNm |
| State Abbreviation | ID | StateAbbreviationCd |
| ZIP | 83536 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $68,804,167 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.FNWCU.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1963 | FormationYr |
| Legal Domicile State | ID | LegalDomicileStateCd |
| Activity Or Mission | STATE CHARTERED CREDIT UNION | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 60 | TotalEmployeeCnt |
| Total Volunteers | 10 | TotalVolunteersCnt |
| Total Gross UBI | $61,276 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $31,272,234 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $36,719,188 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,506,567 | PYInvestmentIncomeAmt |
| CY Investment Income | $4,348,236 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $35,778,801 | PYTotalRevenueAmt |
| CY Total Revenue | $41,067,424 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $150,365 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $157,972 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,757,355 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,194,073 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $19,060,427 | PYOtherExpensesAmt |
| CY Other Expenses | $23,702,157 | CYOtherExpensesAmt |
| PY Total Expenses | $23,968,147 | PYTotalExpensesAmt |
| CY Total Expenses | $29,054,202 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $11,810,654 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $12,013,222 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $613,960,024 | TotalAssetsBOYAmt |
| Total Assets EOY | $588,492,674 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $557,677,680 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $520,769,817 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $56,282,344 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $67,722,857 | NetAssetsOrFundBalancesEOYAmt |
| Mission | PROMOTING THE FINANCIAL WELL-BEING OF MEMBERS BY PROVIDING LOAN AND SAVINGS SERVICES AT COMPETITIVE RATES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | SAVINGS, LOANS, AND INVESTMENTS | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 4827 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 60 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FREEDOM NORTHWEST CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2089350277 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 303 MAIN STREET | AddressLine1Txt |
| City | KAMIAH | CityNm |
| State Abbreviation | ID | StateAbbreviationCd |
| ZIP | 83536 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| TINA ULMER | |||||||
| BOD DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BETTY CLONIGER | |||||||
| BOD DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CARMON HENRY | |||||||
| BOD DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RODNEY KROGH | |||||||
| BOD VICECHAIRPERSON | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ADAM MCMURTRIE | |||||||
| BOD TREASURER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KEVIN STEERE | |||||||
| BOD CHAIRPERSON | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DAN TRANKLE | |||||||
| BOD SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| GREGORY S GARRETT | |||||||
| CEO | 40.00 | $430,465 | $0 | $59,292 | Yes (X) | ||
| JAMES DAVY | |||||||
| CIO | 40.00 | $149,358 | $0 | $33,026 | Yes (X) | ||
| CHAD N SMITH | |||||||
| CLO | 40.00 | $216,077 | $0 | $47,267 | Yes (X) | ||
| DON C BELISLE | |||||||
| CFO | 40.00 | $258,870 | $0 | $52,692 | Yes (X) | ||
| CINDY CHILDERS | |||||||
| COO | 40.00 | $117,385 | $0 | $32,564 | Yes (X) | ||
| DAN MCFETRIDGE | |||||||
| LOAN OFFICER | 40.00 | $235,579 | $0 | $60,094 | Yes (X) | ||
| ARA LYCAN | |||||||
| LOAN OFFICER | 40.00 | $102,638 | $0 | $32,176 | Yes (X) | ||
| TYLER PRESBY | |||||||
| LOAN OFFICER | 40.00 | $124,026 | $0 | $36,667 | Yes (X) | ||
| BRADY KING | |||||||
| IT MANAGER | 40.00 | $104,500 | $0 | $32,567 | Yes (X) | ||
| KIMBERLEY SULLIVAN | |||||||
| LOAN ASSISTANT | 40.00 | $101,908 | $0 | $41,194 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,840,806 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $427,539 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 10 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| NORTH CENTRAL INNOVATIONS | |||||
| 191 HORIZON LN | KAMIAH | ID | 83536 | CONSTRUCTION | $254,427 |
| COOK SOLUTIONS GROUP INC | |||||
| PO BOX 843020 | LOS ANGELES | CA | 90084 | SECURITY AND ATM SERVICING | $221,415 |
| COMPUTER MARKETING CORPORATION | |||||
| 8520 S SANDY PARKWAY | SANDY | UT | 84070 | CORE SYSTEM | $157,535 |
| LOOMIS | |||||
| DEPT CH 10500 | PALATINE | IL | 60055 | CASH DELIVER/VAULT | $108,222 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| LOANS TO MEMBERS | 522100 | $33,140,416 | $33,140,416 | |
| FEES, CHARGES, OTHER INCOME | 522100 | $3,517,496 | $3,517,496 | |
| FINANCE AND INSURANCE | 520000 | $57,556 | $57,556 | |
| REAL ESTATE AND RENTAL AND LEASIN | 540000 | $3,720 | $3,720 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $36,719,188 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,182,213 | TotalRevenueColumnAmt |
| Exclusion | $4,182,213 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $27,648,190 | SecuritiesAmt |
| Other | $254,576 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $27,534,140 | SecuritiesAmt |
| Other | $202,603 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $114,050 | SecuritiesAmt |
| Other | $51,973 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $166,023 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $166,023 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $41,067,424 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $36,823,935 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $61,276 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,182,213 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $122,972 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,000 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,396,996 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,338,856 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,174,128 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $284,093 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $87,744 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,398 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $310,778 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $110,088 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,103,329 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $132,759 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,238 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,145 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,484,611 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $421,954 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $109,816 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| CREDIT/DEBIT CARD EXPEN | $821,967 |
| PROVISION FOR LOAN LOSS | $436,000 |
| MISCELANOUS EXPENSE | $304,637 |
| LOAN SERVICING | $100,202 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,491 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,054,202 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,024,625 | BOYAmt |
| EOY | $2,013,706 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,374,762 | BOYAmt |
| EOY | $33,760,955 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,871 | BOYAmt |
| EOY | $1,144 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,310,762 | BOYAmt |
| EOY | $11,512,143 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $448,407,999 | BOYAmt |
| EOY | $490,290,985 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,054,130 | BOYAmt |
| EOY | $1,098,601 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $12,179,384 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,657,683 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,417,296 | BOYAmt |
| EOY | $8,521,701 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,663,993 | BOYAmt |
| EOY | $30,430,074 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,556,800 | BOYAmt |
| EOY | $3,761,400 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,088,786 | BOYAmt |
| EOY | $7,101,965 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $613,960,024 | BOYAmt |
| EOY | $588,492,674 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,828,624 | BOYAmt |
| EOY | $5,311,961 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,400,000 | BOYAmt |
| EOY | $75,400,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $481,449,056 | BOYAmt |
| EOY | $440,057,856 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $557,677,680 | BOYAmt |
| EOY | $520,769,817 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,282,344 | BOYAmt |
| EOY | $67,722,857 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,282,344 | BOYAmt |
| EOY | $67,722,857 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $613,960,024 | BOYAmt |
| EOY | $588,492,674 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $12,013,222 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$572,709 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,494,933 | OtherCostOrOtherBasisAmt |
| Book Value | $1,494,933 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,805,187 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,404,730 | DepreciationAmt |
| Book Value | $5,400,457 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,879,264 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,252,953 | DepreciationAmt |
| Book Value | $1,626,311 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $8,521,701 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| SHARE ACCOUNTS | $33,988,788 |
| MONEY MARKET ACCOUNTS | $46,585,481 |
| SHARE DRAFT ACCOUNTS | $34,491,172 |
| IRA ACCOUNTS | $1,437,244 |
| SHARE AND IRA CDS | $323,555,171 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $440,057,856 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| CLEARWATER VALLEY JRSR HIGH SCHOOL | ||||||||
| 4643 ID-13 | KOOSKIA | ID | 83539 | 593838651 | 501(C)(3) | $0 | $11,700 | CONTRIBUTIONS IN SUPPORT LOCAL SCHOOL |
| CITY OF KAMIAH | ||||||||
| PO BOX 338 | KAMIAH | ID | 83536 | GOVERNMENT | $0 | $8,095 | COMMUNITY DEVELOPMENT | |
| KAMIAH HIGH SCHOOL | ||||||||
| 711 9TH ST | KAMIAH | ID | 83536 | 826004161 | 501(C)(3) | $0 | $25,610 | CONTRIBUTIONS IN SUPPORT LOCAL SCHOOL |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 6 | RecipientCnt |
| Cash Grant | $35,000 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCH I, PART III | FormAndLineReferenceDesc |
| Explanation | SCHOLARSHIP ELIGIBILITY APPLIES TO ANYONE WHO IS GRADUATING FROM KAMIAH HIGH SCHOOL OR CLEARWATER VALLEY HIGH SCHOOL OR ITS EQUIVALENT IN THE KAMIAH/KOOSKIA AREA THIS YEAR. STUDENTS ARE ELIGIBLE TO WIN THIS AWARD IF THEY LIVE IN THE GEOGRAPHICAL BOUNDARIES OF THE KAMIAH/KOOSKIA SCHOOL DISTRICTS. ALL APPLICANTS WILL BE REVIEWED BY A COMMITTEE CONSISTING OF FREEDOM NORTHWEST EMPLOYEES, BOARD MEMBERS, AND COMMUNITY MEMBERS. THE APPLICANTS' NAMES WILL BE BLINDED FROM THE COMMITTEE DURING THEIR REVIEW OF THE APPLICATIONS AND ESSAYS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GREGORY S GARRETT | ||||||||||||||
| CEO | $322,597 | $0 | $107,868 | $0 | $0 | $0 | $46,000 | $0 | $13,292 | $0 | $489,757 | $0 | $0 | $0 |
| DON C BELISLE | ||||||||||||||
| CFO | $198,333 | $0 | $2,000 | $0 | $58,537 | $0 | $42,070 | $0 | $10,622 | $0 | $311,562 | $0 | $0 | $0 |
| DAN MCFETRIDGE | ||||||||||||||
| LOAN OFFICER | $124,999 | $0 | $110,580 | $0 | $0 | $0 | $49,472 | $0 | $10,622 | $0 | $295,673 | $0 | $0 | $0 |
| CHAD N SMITH | ||||||||||||||
| CLO | $172,500 | $0 | $2,000 | $0 | $41,577 | $0 | $36,645 | $0 | $10,622 | $0 | $263,344 | $0 | $0 | $0 |
| JAMES DAVY | ||||||||||||||
| CIO | $147,358 | $0 | $2,000 | $0 | $0 | $0 | $22,404 | $0 | $10,622 | $0 | $182,384 | $0 | $0 | $0 |
| TYLER PRESBY | ||||||||||||||
| LOAN OFFICER | $60,000 | $0 | $64,026 | $0 | $0 | $0 | $26,045 | $0 | $10,622 | $0 | $160,693 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4B | FormAndLineReferenceDesc |
| Explanation | THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO CERTAIN EXECUTIVES THROUGH A LOAN REGIME ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." THE PROMISSORY NOTE SIGNED BY EACH OF THE PARTICIPATING EXECUTIVES IS SECURED BY THE LIFE INSURANCE POLICIES PURCHASED ON EACH PARTICIPANT'S BEHALF. THAT IS, EACH EXECUTIVE'S LOAN FUNDS A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME UP TO THE PREMIUMS PAID INTO THE POLICIES. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S EXECUTIVE LOAN ORIGINATION VALUE PLUS THE STATED INTEREST. THESE LOANS WERE WRITTEN WITH RECOURSE. ANY REMAINING DEATH BENEFITS AFTER REPAYMENT OF THE LOANS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS PER THE CONTRACTUAL AGREEMENT. SEE SCHEDULE L | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (6 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| CHAD N SMITH | |||||||
| CLO | SPLIT DOLLAR | Yes (X) | $2,043,700 | $2,101,945 | 0 | Yes (1) | Yes (1) |
| CINDY CHILDERS | |||||||
| COO | SPLIT DOLLAR | Yes (X) | $833,579 | $992,836 | 0 | Yes (1) | Yes (1) |
| DON C BELISLE | |||||||
| CFO | SPLIT DOLLAR | Yes (X) | $2,861,200 | $2,942,744 | 0 | Yes (1) | Yes (1) |
| GREGORY S GARRETT | |||||||
| CEO | SPLIT DOLLAR | Yes (X) | $1,308,525 | $1,558,522 | 0 | Yes (1) | Yes (1) |
| GREGORY S GARRETT | |||||||
| CEO | SPLIT DOLLAR | Yes (X) | $2,895,000 | $3,064,054 | 0 | Yes (1) | Yes (1) |
| JAMES DAVY | |||||||
| CIO | SPLIT DOLLAR | Yes (X) | $888,473 | $852,042 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $11,512,143 | TotalBalanceDueAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCH L, PART II | FormAndLineReferenceDesc |
| Explanation | THE CREDIT UNION PROVIDES SPLIT DOLLAR ARRANGEMENTS THAT INCLUDE AMOUNTS DUE FROM CURRENT EXECUTIVES, WHICH ARE PARTIALLY COLLATERALIZED BY THE CASH SURRENDER VALUE, ANNUITY, AND POLICY BENEFITS ASSOCIATED WITH LIFE INSURANCE CONTRACTS OWNED BY THE EXECUTIVES. THE SPLIT DOLLAR ARRANGEMENTS WERE ADVANCED IN CONNECTION WITH THE CREDIT UNION'S EXECUTIVE BENEFIT PLANS AND BEAR INTEREST AT STATUTORY RATES. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | ALL DEPOSITORS ARE MEMBERS OF THE CREDIT UNION. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS OF THE CREDIT UNION ELECT THE BOARD OF DIRECTORS FROM THE GENERAL MEMBERSHIP AT THE ANNUAL MEETING EACH YEAR. |
| 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 CREDIT UNION RETAINS A THIRD PARTY CPA FIRM TO PREPARE FORM 990. A DRAFT OF THE RETURN IS REVIEWED BY THE CFO. ONCE ANY NECESSARY REVISIONS ARE MADE THE RETURN IS FILED. SUBSEQUENT TO FILING, A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS UPON REQUEST. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICTS OF INTEREST ARE DISCUSSED WITH THE BOARD ON A REGULAR BASIS. ALL BOARD MEMBERS HAVE BEEN EDUCATED AS TO WHAT A CONFLICT OF INTEREST IS AND WILL REPORT ANY SUSPECTED CONFLICTS TO THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 15 | FORMAL ANNUAL WRITTEN REVIEWS ARE CONDUCTED BY THE BOARD OF DIRECTORS FOR THE CEO. FORMAL REVIEWS OF OTHER OFFICERS AND MEMBERS OF THE MANAGEMENT TEAM ARE DONE BY THE CEO ON A REGULAR BASIS AND AS NEEDED. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. QUARTERLY FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE NCUA WEBSITE VIA THE 5300 FILING. |
| FORM 990, PART IX, LINE 11G | OUTSIDE AND PROFESSIONAL SERVICES 310,778. |
| FORM 990, PART IX, LINE 24E | COLLECTION EXPENSE 61,491. |
| FORM 990, PART XII, LINE 2B | THE CREDIT UNION ENGAGED AN INDEPENDENT ACCOUNTING FIRM TO AUDIT THE FULL FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2024, BUT DUE TO LACK OF PREDECESSOR AUDITOR COOPERATION THE AUDITORS WERE UNABLE TO REVIEW THE OPENING BALANCES OF THE CREDIT UNION AS OF JANUARY 1, 2024. THEREFORE, THEY WERE UNABLE TO SATISFY THEMSELVES ON THE RESULTS OF OPERATIONS AND CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2024. AS A RESULT, THEY DID NOT EXPRESS AN OPINION ON THE RESULTS OF OPERATIONS AND CASH FLOWS OF FREEDOM NORTHWEST CREDIT UNION FOR THE YEAR ENDED DECEMBER 31, 2024. HOWEVER, THE AUDITORS WERE ABLE TO OBTAIN SUFFICIENT AUDIT EVIDENCE TO EXPRESS AN OPINION ON THE STATEMENT OF FINANCIAL POSITION AS OF DECEMBER 31, 2024. |
| FORM 990, PART XII, LINE 2C | THE CREDIT UNION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. |