2020-11-13T19:22:48-06:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2019-01-01 910440744 CREDIT UNIONS IN THE STATE OF WASHINGTON TWINSTAR CREDIT UNION CRED 3603579911 PO BOX 718 OLYMPIA WA 98507 KIMBERLY STEEPY CFO 3603579911 2020-11-13 1 MARY C GREEN P00447183 6022662248 2020-11-13 67.137.57.251 2020-11-13 18:48:14 MS P 94307BE716D664C10DC46CE445DCF2BF31E531AB 4F631A0F2353C82BFC42DEEE796FCAEBE8189237 2019 2022-01-07 14:23:13Z TWINSTAR CREDIT UNION JEFF KENNEDY PO BOX 718 OLYMPIA WA 98507 101933186 0 X WWW.TWINSTARCU.COM X 1937 WA IN 2014 WE ADOPTED OUR BRAND PROMISE: REALIZING FINANCIAL DREAMS TOGETHER. THE SHORT, SIMPLE PHRASE CAPTURES ALL OF OUR STRATEGIC INTENT IN JUST A FEW WORDS. WE HAVE THE PEOPLE, TOOLS AND VALUE SYSTEMS IN PLACE TO HELP OUR MEMBERS NOT ONLY HAVE A GREAT PLACE TO BANK BUT ALSO HAVE A PROSPEROUS FUTURE. 9 9 508 24 124391 0 0 0 89770730 95886368 2493907 5213691 37849 688964 92302486 101789023 449800 506900 4115157 8155999 32403008 37035177 0 0 0 38623925 37550777 75591890 83248853 16710596 18540170 1361270011 1453256981 1220491681 1292968020 140778330 160288961 X IN 2014, WE ADOPTED OUR BRAND PROMISE: REALIZING FINANCIAL DREAMS TOGETHER. THE SHORT, SIMPLE PHRASE CAPTURES ALL OF OUR STRATEGIC INTENT IN JUST A FEW WORDS. WE HAVE THE PEOPLE, TOOLS AND VALUE SYSTEMS IN PLACE TO HELP OUR MEMBERS NOT ONLY HAVE A GREAT PLACE TO BANK BUT ALSO HAVE A PROSPEROUS FUTURE. THE PROMISE PROVIDES VALUABLE DIFFERENTIATION FOR TWINSTAR AS MANY OTHER BANKING INSTITUTIONS CANNOT PROVIDE THE SAME EXPERIENCE. 0 0 SHARE ACCOUNTS: TWINSTAR SAVINGS ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. TWINSTAR HAD 132,143 MEMBERS ON DECEMBER 31, 2019. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS MONTHLY AND OFFER ACCESS THROUGH THE BRANCH NETWORK, HOME BANKING VIA THE INTERNET OR TELEPHONE, MOBILE BANKING AND VIA ATMS WORLDWIDE. SPECIAL SAVINGS ACCOUNTS ARE DESIGNED FOR CHILDREN AND TEENAGERS TO ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS. CHECKING ACCOUNTS: TWINSTAR PROVIDES CHECKING ACCOUNTS FOR CONSUMERS WITH VARIOUS FEATURES, FROM FREE ACCOUNTS TO THOSE WITH ENHANCED BENEFITS. MOST OFFER DIVIDENDS THAT ARE PAID MONTHLY. ADDITIONALLY, TWINSTAR EXTENDS THE REACH OF THESE ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARDS, INTERNET ACCOUNT ACCESS, MOBILE BANKING AND FREE USE OF THE INTERNET BILL PAYER PLATFORM. CONSUMER LOANS: TWINSTAR CREDIT UNION HAS PROVIDED VEHICLE LOANS SINCE ITS EARLY YEARS. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES EFFICIENT UNDERWRITING AND FLEXIBLE OFFERINGS FOR RECREATIONAL VEHICLES, BOATS AND MOTORCYLCES. TWINSTAR ALSO OFFERS VISA CREDIT CARDS TO MEMBERS. THIS PRODUCT LINE SATISFIES MEMBERS DIVERSE BORROWING NEEDS, FROM A SHARE SECURED CARD TO A CREDIT LINE FOR YOUNG BORROWERS TO A CARD WITH LARGER CREDIT LINES AND LOW INTEREST RATES. TWINSTAR ALSO OFFERS HOME EQUITY/REAL ESTATE LOANS AND BUSINESS LOANS. THE CREDIT UNION OFFERS AND ACTIVELY SELLS TO OUR MEMBERS DIFFERENT KINDS OF INSURANCE, HOMEOWNERS, CONDO, RENTERS TRAVEL TRAILERS, RV'S, AUTO, MOTORCYCLE, WATERCRAFT, MOBILE/MANUFACTURED HOMES, ATV'S, UMBRELLA, PERSONAL EXCESS POLICIES, EARTHQUAKE, FLOOD, AND COMMERCIAL AUTO. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 34469 0 508 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 0 1 1 1 1 1 1 1 1 1 X KIMBERLY STEEPY 3609234408 4525 INTELCO LOOP SE LACEY WA 98503 JEFF KENNEDY CEO/PRESIDENT/TREASURER 40.00 0.50 X 1356226 0 608687 SCOTT DAUKAS CHIEF STRATEGY OFFICER 40.00 X 258483 0 120108 AARON PALMER CHIEF REVENUE OFFICER 40.00 X 211192 0 102592 REBECCA BREEN CHIEF OPERATIONS OFFICER 40.00 X 253411 0 43355 ELKAN WOLLENBERG CHIEF TECHNOLOGY OFFICER 40.00 X 221791 0 68387 MATTHEW DEVLIN CHIEF MARKETING OFFICER 40.00 0.50 X 214921 0 66850 JERROD KELLER CHIEF EXPERIENCE OFFICER 40.00 X 225233 0 28630 KIMBERLY STEEPY CHIEF FINANCIAL OFFICER 40.00 0.50 X 218615 0 31515 MEGGAN ANDERSON BRANCH MORTGAGE LOAN OFFICER 40.00 X 186716 0 26302 NICOLE COLGAN CHIEF PEOPLE OFFICER 40.00 X 182323 0 26130 PATRICE KRUGER VP - CHANNEL SERVICES 40.00 X 178923 0 27304 CHRISTOPHER HECK VP - BUSINESS SERVICES 40.00 X 171339 0 27118 KIM BOWEN DIRECTOR PROJECT MANAGEMENT 40.00 X 182370 0 15718 SHARON WEINBERG CHIEF CREDIT OFFICER 40.00 X 164118 0 33421 LOREN CAMP FINANCIAL ADVISOR 40.00 X 173150 0 23758 DANIELA PARKER CHIEF RISK OFFICER 40.00 X 167107 0 26337 GAYLA GJERTSEN CHAIR 1.00 X X 4047 0 0 BRIAN HURLEY DIRECTOR 1.00 X 3100 0 0 DONNA FELICIANO DIRECTOR 1.00 X 1946 0 0 DALE TOSLAND VICE CHAIR 1.00 X X 1498 0 0 KIM MARTIN SECRETARY 1.00 X X 1491 0 0 RHODETTA SEWARD DIRECTOR 1.00 X 1167 0 0 RON HASTIE DIRECTOR AT LARGE 1.00 X 1079 0 0 JENA MILLER DIRECTOR 1.00 X 0 0 0 MARK NEARY DIRECTOR 1.00 X 0 0 0 ANIL PURI DIRECTOR (LEFT 2019) 1.00 X 0 0 0 4380246 0 1276212 45 0 1 0 Q2 SOFTWARE INC PO BOX 678272 DALLAS TX 752678272 ONLINE BANKING 1771634 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 SOFTWARE MAINTENANCE/CONSULTING 1154152 MERIT CONSTURCTION NORTHWEST 3020 S 96TH ST LAKEWOOD WA 98499 CONSTRUCTION 803031 DIEBOLD PO BOX 643543 PITTSBURGH PA 152643543 REPAIRS AND MAINTENANCE 711994 EXPERIAN PO BOX 881971 LOS ANGELES CA 900886133 CREDIT REPORTING 675422 44 INTEREST ON LOANS 522100 63635471 63635471 SERVICE CHARGES AND FEES 522100 16737907 16726160 11747 VISA/INTERCHANGE INCOME 522100 11874840 11755330 119510 LOAN SALES AND SERVICING INCOME 522100 3638150 3638150 95886368 2611872 2611872 143218 134010 9208 9208 9208 2607876 4096 0 10153 2607876 -6057 2601819 2601819 OTHER INCOME 522100 679756 -6866 686622 679756 101789023 95755111 124391 5909521 506300 600 8155999 4643760 24275586 1863854 4057857 2194120 64634 301621 1639766 810475 2299549 2791623 2289286 463482 369601 229564 491144 3253177 265592 MEMBER SERVICES 9377455 PROVISION FOR LOAN LOSS 7320000 LOAN SERVICING EXPENSES 4805055 EMPLOYEE TRAINING 405267 373486 83248853 8858741 9632420 111466965 157510904 2125295 3718583 1087053585 1132507257 2874336 3312032 74993270 32282397 42647712 42710873 35402833 29951664 14850606 14364311 85137 60801 55904801 59488136 1361270011 1453256981 15894494 16136548 1621482 3140852 40000000 0 1162975705 1273690620 1220491681 1292968020 X 0 0 0 0 140778330 160288961 140778330 160288961 1361270011 1453256981 18540170 970461 0 X 0 1 X 1 0 22344 100 22344 22344 1 NORTHWEST CREDIT UNION ASSOCIATION 18000 INTERNATIONAL BLVD STE 350 SEATAC WA 98188 910460483 22344 PART I-A, LINE 1: RAISED $2,140 IN DIRECT EMPLOYEE CONTRIBUTIONS FOR A SUMMER AND FALL CULAC MONTH. EMPLOYEES PARTICIPATING IN MONTHLY CULAC PAYROLL DEDUCTION CONTRIBUTE OVER $400/MONTH. MEMBERS OF THE BOARD OF DIRECTORS, SUPERVISORY COMMITTEE, SENIOR MANAGEMENT, AND MANAGEMENT TEAM ATTENDED CUNA'S GOVERNMENT AFFAIRS CONFERENCE IN MARCH. MEMBERS OF THE BOARD OF DIRECTORS, SENIOR MANAGEMENT, AND MANAGEMENT TEAM ATTENDED FUNDRAISERS FOR STATE LEGISLATIVE AND FEDERAL CONGRESSIONAL CANDIDATES. PARTICIPATE IN THE NORTHWEST CREDIT UNION ASSOCIATION'S GOVERNMENT AFFAIRS; ADVOCACY; POLITICAL ACTION; AND REGULATORY ADVOCACY COMMITTEES. 0 1 X 8146197 8146197 43262451 14678489 28583962 3077543 1604308 1473235 20507079 15999600 4507479 42710873 SHAREHOLDER DEPOSITS 1270253148 DEFERRED COMPENSATION LIABILITIES 3437472 1273690620 X PART IV, LINE 2B: WHEN OUR MORTGAGE SERVICER RECEIVES LOAN PAYMENTS FROM OUR MEMBERS, THEY REMIT THE FUNDS TO THE CREDIT UNION VIA ACH. THE FUNDS ARE HELD IN A CUSTODIAL ACCT AND ARE APPLIED TO THE APPROPRIATE GENERAL LEDGER ACCOUNTS AT THE START OF THE MONTH. TAXES AND INSURANCE PAYMENTS COLLECTED BY OUR MORTGAGE SERVICER ARE ALSO HELD IN A CUSTODIAL ACCT AND PERIODIC WITHDRAWALS ARE MADE AS ESCROW ITEMS ARE PAID. PART X, LINE 2: THE CREDIT UNION IS STATE CHARTERED AND FEDERALLY TAX-EXEMPT UNDER INTERNAL REVENUE CODE 501(C)(14), EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME. THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2019. THE CREDIT UNION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS A NONINTEREST EXPENSE. DURING THE YEAR ENDED DECEMBER 31, 2019, THE CREDIT UNION RECOGNIZED NO INTEREST AND PENALTIES. 1 TWINSTAR COMMUNITY FOUNDATION PO BOX 718 OLYMPIA WA 98507 371768613 501(C)(3) 213000 COLLEGE/HIHGER ED SCHOLARSHIPS/CLASSROOM ASSISTANCE SAINT MARTIN'S UNIVERSITY 5300 PACIFIC AVE SE LACEY WA 98503 910564993 501(C)(3) 35000 BUILDING BETTER COMMUNITY WASHINGTON CENTER FOR THE PERFORMING ARTS 512 WASHINGTON ST SE OLYMPIA WA 98501 911182866 501(C)(3) 25000 BUILDING BETTER COMMUNITY NORTHWEST CREDIT UNION ASSOCIATIONCU4KIDS 18000 INTERNATIONAL BLVD SUITE 350 SEATAC WA 98188 911649328 501(C)(6) 15500 BUILDING BETTER COMMUNITY BOYS & GIRLS CLUB OF THURSTON COUNTY 2424 HERITAGE CT SUITE 301 OLYMPIA WA 98502 912124629 501(C)(3) 11250 BUILDING BETTER COMMUNITY EVERGREEN SCHOOL DISTRICT FOUNDATION 13215 C-8 SE MILL PLAIN BLVD VANCOUVER WA 98684 911714854 501(C)(3) 10000 BUILDING BETTER COMMUNITY UNITED WAY OF THURSTON COUNTY 1211 4TH AVE E STE 101 OLYMPIA WA 985064279 910713462 501(C)(3) 10000 BUILDING BETTER COMMUNITY OLYMPIA FAMILY THEATRE 612 4TH AVE E OLYMPIA WA 98501 830465459 501(C)(3) 10000 BUILDING BETTER COMMUNITY SECRETARY OF STATECOMBINED FUND DRIVE PO BOX 40224 OLYMPIA WA 985040224 916001106 10000 COMBINED FUND DRIVE PARC FOUNDATION OF THURSTON COUNTY 723 EASTSIDE ST NE OLYMPIA WA 985064279 911928020 501(C)(3) 10000 BUILDING BETTER COMMUNITY HANDS ON CHILDREN'S MUSEUM 414 JEFFERSON ST NE OLYMPIA WA 98501 911405065 501(C)(3) 7000 BUILDING BETTER COMMUNITY BOYS & GIRLS CLUB OF CHEHALIS 2071 JACKSON HWY CHEHALIS WA 98532 263482643 501(C)(3) 5500 BUILDING BETTER COMMUNITY 10 2 PART I, LINE 2: ANNUALLY, TWINSTAR CREDIT UNION THROUGH THE TWINSTAR COMMUNITY FOUNDATION AWARDS SCHOLARSHIPS TO ELIGIBLE MEMBERS VIA TWO SEPARATE PROGRAMS: INCOMING FRESHMEN PROGRAM AND HIGHER EDUCATION/OR CURRENT COLLEGE ENROLLERS PROGRAM. AWARDEES ARE DETERMINED BY THE SCHOLARSHIP COMMITTEE WHO GRADES EACH APPLICATION. THE FUNDS ARE DIRECTLY MADE PAYABLE TO THE EDUCATIONAL INSTITUTION ON BEHALF OF THE AWARDEE. IF NOT USED, THE FUNDS REVERT BACK TO THE CREDIT UNION. TWINSTAR SPONSORS COMMUNITY EVENTS THAT MEET THREE CATEGORIES (EDUCATION, ECONOMIC DEVELOPMENT AND SPONSORSHIP) IN ALL ITS MARKET AREAS. EMPLOYEES USUALLY ACTIVELY PARTICIPATE IN THESE EVENTS UPON REQUEST OF THE ORGANIZATION OR AS PART OF TWINSTAR'S CONTINUOUS SUPPORT TO THE COMMUNITIES IT SERVES. X X 1 1 X X X 1 1 0 JEFF KENNEDY CEO/PRESIDENT/TREASURER 594118 0 196991 0 565117 0 589284 0 19403 0 1964913 0 528500 0 SCOTT DAUKAS CHIEF STRATEGY OFFICER 224963 0 32006 0 1514 0 107844 0 12264 0 378591 0 0 0 AARON PALMER CHIEF REVENUE OFFICER 183558 0 27465 0 169 0 79104 0 23488 0 313784 0 0 0 REBECCA BREEN CHIEF OPERATIONS OFFICER 215739 0 31886 0 5786 0 24867 0 18488 0 296766 0 0 0 ELKAN WOLLENBERG CHIEF TECHNOLOGY OFFICER 192697 0 27851 0 1243 0 58097 0 10290 0 290178 0 0 0 MATTHEW DEVLIN CHIEF MARKETING OFFICER 187820 0 26679 0 422 0 57236 0 9614 0 281771 0 0 0 JERROD KELLER CHIEF EXPERIENCE OFFICER 198393 0 26020 0 820 0 18216 0 10414 0 253863 0 0 0 KIMBERLY STEEPY CHIEF FINANCIAL OFFICER 190238 0 27399 0 978 0 19624 0 11891 0 250130 0 0 0 MEGGAN ANDERSON BRANCH MORTGAGE LOAN OFFICER 49999 0 136708 0 9 0 16648 0 9654 0 213018 0 0 0 NICOLE COLGAN CHIEF PEOPLE OFFICER 172882 0 9164 0 277 0 14444 0 11686 0 208453 0 0 0 PATRICE KRUGER VP - CHANNEL SERVICES 148787 0 29355 0 781 0 16705 0 10599 0 206227 0 0 0 CHRISTOPHER HECK VP - BUSINESS SERVICES 133301 0 37851 0 187 0 13584 0 13534 0 198457 0 0 0 KIM BOWEN DIRECTOR PROJECT MANAGEMENT 112347 0 0 0 70023 0 3242 0 12476 0 198088 0 0 0 SHARON WEINBERG CHIEF CREDIT OFFICER 130327 0 27574 0 6217 0 20096 0 13325 0 197539 0 0 0 LOREN CAMP FINANCIAL ADVISOR 45341 0 127688 0 121 0 14503 0 9255 0 196908 0 0 0 DANIELA PARKER CHIEF RISK OFFICER 156832 0 9019 0 1256 0 13835 0 12502 0 193444 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS-SPOUSE/DOMESTIC PARTNER EXPENSES WILL BE PAID BY THE CREDIT UNION AND ARE INCLUDED IN THE BUDGET. A 1099-MISC IS ISSUED TO THE BOARD MEMBER PROVIDED THE $600 REPORTING THRESHHOLD IS MET. PART I, LINES 4A-B KIM BOWEN RECEIVED A SEVERANCE PAYMENT OF $59,347. DEFERRED COMPENSATION PLAN [SECTION 457(F)] - THE CREDIT UNION HAS A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR MEMBERS OF MANAGEMENT. THE CREDIT UNION CONTRIBUTES 100% OF THE FUNDS TO THIS PLAN INTO VARIOUS LIFE INSURANCE POLICIES WHICH ARE REPORTED AT THEIR CASH SURRENDER VALUES. UNDER THE TERMS OF THIS PLAN, THE PARTICIPANTS ARE ENTITLED TO A SPECIFIED AMOUNT IF THEY REMAIN EMPLOYED BY THE CREDIT UNION UNTIL A PREDETERMINED TIME. IF THESE EMPLOYEES BECOME FULLY DISABLED OR UPON DEATH, AS DEFINED IN THE AGREEMENT, ACCRUED BENEFITS ARE IMMEDIATELY PAYABLE. THE BENEFITS ARE SUBJECT TO FORFEITURE IF EMPLOYMENT IS TERMINATED FOR CAUSE AS DEFINED IN THE AGREEMENTS. THE DEFERRED COMPENSATION ACCOUNTS ARE SHOWN AS BOTH ASSETS AND LIABILITIES ON THE CREDIT UNION'S CONSOLIDATED FINANCIAL STATEMENTS AND ARE AVAILABLE TO CREDITORS IN THE EVENT OF THE CREDIT UNION'S LIQUIDATION. THE FOLLOWING INDIVIDUALS RECEIVED A DISTRIBUTION FROM THE 457(F) PLAN DURING 2019: JEFF KENNEDY - 528,500 THE FOLLOWING INDIVIDUALS RECEIVED A CONTRIBUTION TO THE 457(F) PLAN DURING 2019: JEFF KENNEDY - $561,634 SCOTT DAUKAS -$82,920 AARON PALMER - $57,780 MATTHEW DEVLIN - $36,585 ELKAN WOLLENBERG - $36,585 FORM 990, PART VI, SECTION A, LINE 1 AT THE ORGANIZATIONAL MEETING, THE BOARD MAY ELECT AN EXECUTIVE COMMITTEE OF NOT FEWER THAN THREE (3) DIRECTORS TO SERVE AT ITS PLEASURE. UNLESS OTHERWISE CHANGED BY THE BOARD BY RESOLUTION, THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE BOARD OFFICERS. THE EXECUTIVE COMMITTEE SHALL MEET AS OFTEN AS NECESSARY AS CALLED BY THE CHAIR. 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 THE EXECUTIVE COMMITTEE WILL NOT HAVE THE AUTHORITY OF THE BOARD IN REFERENCE TO: A. AMENDING THESE BYLAWS OR THE CREDIT UNION'S ARTICLES OF INCORPORATION; B. EXERCISING THE NON-DELEGABLE POWERS UNDER THE ACT; C. REMOVING OR SUSPENDING OFFICERS FROM THEIR OFFICE OR COMMITTEE MEMBERS FROM THEIR COMMITTEES; D. APPOINTING INTERIM DIRECTORS; E. SUSPENDING BOARD OR SUPERVISORY COMMITTEE MEMBERS; OR F. 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 INDIVIDUALS WHO RESIDE IN OR ARE EMPLOYED IN THE STATE OF WASHINGTON, OR IN MULTNOMAH, CLACKAMAS, MARION, OR WASHINGTON COUNTIES IN OREGON, AND SELECT EMPLOYEE GROUPS WITHIN THE REGION. 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, OR 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 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. A COPY WILL BE PRESENTED TO THE BOARD OF DIRECTORS AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, AT THE ORGANIZATIONAL MEETING, THE DIRECTORS, SUPERVISORY COMMITTEE AND BOARD COMMITTEE MEMBERS REVIEW AND SIGN THE VOLUNTEER CODE OF ETHICS POLICY NO. 116 AND PROCEDURE NO. 1091. EACH SIGNS AN ACKNOWLEDGMENT AND AGREEMENT, A STATEMENT OF DISCLOSURE, AND A PERSONAL BACKGROUND AND RELATIONSHIPS FORM. ALL EMPLOYEES ARE ALSO REQUIRED ANNUALLY TO REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN AN AGREEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD MEETS IN EXECUTIVE SESSION AND DETERMINES COMPENSATION FOR THE CEO BY REVIEWING 1) COMPARABILITY DATA 2) THE RESULTS OF MANAGEMENT'S GOALS FOR THE YEAR, AND 3) THE RESULTS OF THE CEO EVALUATION AND SCORING SHEET COMPLETED BY EACH BOARD DIRECTOR. THE COMPENSATION IS THEN DOCUMENTED IN THE PERSONNEL FILE. COMPENSATION FOR THE VICE PRESIDENTS/OFFICERS IS DETERMINED BY THE CEO AFTER REVIEWING COMPARABILITY DATA PROVIDED BY HUMAN RESOURCES VENDOR AND REVIEW OF THE PROGRESS AND RESULTS OF MANAGEMENT'S GOALS. THE COMPENSATION IS THEN DOCUMENTED IN THE PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE PARAGON CONSULTING GROUP FKA FULCRUM CONSULTING LLC PO BOX 7518 OLYMPIA WA 985077518 260473592 CONSULTING WA -179300 1834122 TWINSTAR CREDIT UNION TWINSTAR COMMUNITY FOUNDATION 4525 INTELCO LOOP SE LACEY WA 98503 371768613 FOUNDATION WA 501(C)(3) LINE 7 TWINSTAR CU 1 CREDIT UNION SERVICES THROUGH OPERATIONS MANAGEMENT INC 6004 CAPITAL BLVD SOUTH TUMWATER WA 98501 911283584 COURIER SERVICES WA TWINSTAR CREDIT UNION C 107 8706 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 TWINSTAR COMMUNITY FOUNDATION B 213000 CASH