2025-09-25T22:18:12-05:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 820262758 FREEDOM NORTHWEST CREDIT UNION FREE 2089350277 PO BOX 68 KAMIAH ID 83536 DON C BELISLE CFO 2089350277 2025-09-25 1 0 AUBREY CLEGG P01076395 3052328272 2025-09-22 2024 2025-03-06 01:10:19Z GREGORY S GARRET 303 MAIN STREET KAMIAH ID 83536 68804167 0 X WWW.FNWCU.ORG X 1963 ID STATE CHARTERED CREDIT UNION 7 7 60 10 61276 0 0 0 31272234 36719188 4506567 4348236 0 0 35778801 41067424 150365 157972 0 0 4757355 5194073 0 0 0 19060427 23702157 23968147 29054202 11810654 12013222 613960024 588492674 557677680 520769817 56282344 67722857 PROMOTING THE FINANCIAL WELL-BEING OF MEMBERS BY PROVIDING LOAN AND SAVINGS SERVICES AT COMPETITIVE RATES. 0 0 SAVINGS, LOANS, AND INVESTMENTS 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 4827 0 1 60 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X FREEDOM NORTHWEST CREDIT UNION 2089350277 303 MAIN STREET KAMIAH ID 83536 TINA ULMER BOD DIRECTOR 1.00 X 0 0 0 BETTY CLONIGER BOD DIRECTOR 1.00 X 0 0 0 CARMON HENRY BOD DIRECTOR 1.00 X 0 0 0 RODNEY KROGH BOD VICECHAIRPERSON 1.00 X 0 0 0 ADAM MCMURTRIE BOD TREASURER 1.00 X 0 0 0 KEVIN STEERE BOD CHAIRPERSON 1.00 X 0 0 0 DAN TRANKLE BOD SECRETARY 1.00 X 0 0 0 GREGORY S GARRETT CEO 40.00 X 430465 0 59292 JAMES DAVY CIO 40.00 X 149358 0 33026 CHAD N SMITH CLO 40.00 X 216077 0 47267 DON C BELISLE CFO 40.00 X 258870 0 52692 CINDY CHILDERS COO 40.00 X 117385 0 32564 DAN MCFETRIDGE LOAN OFFICER 40.00 X 235579 0 60094 ARA LYCAN LOAN OFFICER 40.00 X 102638 0 32176 TYLER PRESBY LOAN OFFICER 40.00 X 124026 0 36667 BRADY KING IT MANAGER 40.00 X 104500 0 32567 KIMBERLEY SULLIVAN LOAN ASSISTANT 40.00 X 101908 0 41194 1840806 0 427539 10 0 1 0 NORTH CENTRAL INNOVATIONS 191 HORIZON LN KAMIAH ID 83536 CONSTRUCTION 254427 COOK SOLUTIONS GROUP INC PO BOX 843020 LOS ANGELES CA 90084 SECURITY AND ATM SERVICING 221415 COMPUTER MARKETING CORPORATION 8520 S SANDY PARKWAY SANDY UT 84070 CORE SYSTEM 157535 LOOMIS DEPT CH 10500 PALATINE IL 60055 CASH DELIVER/VAULT 108222 4 LOANS TO MEMBERS 522100 33140416 33140416 FEES, CHARGES, OTHER INCOME 522100 3517496 3517496 FINANCE AND INSURANCE 520000 57556 57556 REAL ESTATE AND RENTAL AND LEASIN 540000 3720 3720 36719188 4182213 4182213 27648190 254576 27534140 202603 114050 51973 166023 166023 41067424 36823935 61276 4182213 X 122972 35000 1396996 2338856 1174128 284093 87744 98398 310778 110088 1103329 132759 108238 10145 19484611 421954 109816 CREDIT/DEBIT CARD EXPEN 821967 PROVISION FOR LOAN LOSS 436000 MISCELANOUS EXPENSE 304637 LOAN SERVICING 100202 61491 29054202 2024625 2013706 41374762 33760955 60871 1144 11310762 11512143 448407999 490290985 1054130 1098601 12179384 3657683 8417296 8521701 90663993 30430074 3556800 3761400 7088786 7101965 613960024 588492674 3828624 5311961 72400000 75400000 481449056 440057856 557677680 520769817 X 0 0 0 0 56282344 67722857 56282344 67722857 613960024 588492674 12013222 -572709 0 X X 0 0 0 1494933 1494933 6805187 1404730 5400457 3879264 2252953 1626311 8521701 SHARE ACCOUNTS 33988788 MONEY MARKET ACCOUNTS 46585481 SHARE DRAFT ACCOUNTS 34491172 IRA ACCOUNTS 1437244 SHARE AND IRA CDS 323555171 440057856 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. 1 CLEARWATER VALLEY JRSR HIGH SCHOOL 4643 ID-13 KOOSKIA ID 83539 593838651 501(C)(3) 0 11700 CONTRIBUTIONS IN SUPPORT LOCAL SCHOOL CITY OF KAMIAH PO BOX 338 KAMIAH ID 83536 GOVERNMENT 0 8095 COMMUNITY DEVELOPMENT KAMIAH HIGH SCHOOL 711 9TH ST KAMIAH ID 83536 826004161 501(C)(3) 0 25610 CONTRIBUTIONS IN SUPPORT LOCAL SCHOOL 2 1 SCHOLARSHIPS 6 35000 FORM 990, SCH I, PART III 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. X X X 0 1 0 GREGORY S GARRETT CEO 322597 0 107868 0 0 0 46000 0 13292 0 489757 0 0 0 DON C BELISLE CFO 198333 0 2000 0 58537 0 42070 0 10622 0 311562 0 0 0 DAN MCFETRIDGE LOAN OFFICER 124999 0 110580 0 0 0 49472 0 10622 0 295673 0 0 0 CHAD N SMITH CLO 172500 0 2000 0 41577 0 36645 0 10622 0 263344 0 0 0 JAMES DAVY CIO 147358 0 2000 0 0 0 22404 0 10622 0 182384 0 0 0 TYLER PRESBY LOAN OFFICER 60000 0 64026 0 0 0 26045 0 10622 0 160693 0 0 0 PART I, LINE 4B 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 CHAD N SMITH CLO SPLIT DOLLAR X 2043700 2101945 0 1 1 CINDY CHILDERS COO SPLIT DOLLAR X 833579 992836 0 1 1 DON C BELISLE CFO SPLIT DOLLAR X 2861200 2942744 0 1 1 GREGORY S GARRETT CEO SPLIT DOLLAR X 1308525 1558522 0 1 1 GREGORY S GARRETT CEO SPLIT DOLLAR X 2895000 3064054 0 1 1 JAMES DAVY CIO SPLIT DOLLAR X 888473 852042 0 1 1 11512143 FORM 990, SCH L, PART II 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. 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.