2020-10-23T16:33:36-05:00 2019-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2019-01-01 910567788 HORIZON CREDIT UNION HORI 5099286494 PO BOX 15128 SPOKANE VALLEY WA 99216 JEFF ADAMS CEO 5099286494 2020-10-16 1 EMINA O CRESSWELL CPA P01217304 5097472600 2020-10-16 107.77.205.4 2020-10-16 11:50:19 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 5C7DDF4DB5D450AC47B8022FAE3A848B90DE5F8D 2019 2021-04-22 16:20:28Z JEFF ADAMS PO BOX 15128 SPOKANE VALLEY WA 99216 59997824 0 1269 X WWW.HZCU.ORG X 1947 WA CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES. PROVIDE FINANCIAL SERVICES TO MEMBERS. 7 7 292 11 153731 -67137 0 0 48812815 53066601 2715117 4181206 181620 77165 51709552 57324972 133968 50172 0 0 16846918 18719639 0 0 0 23109867 25355808 40090753 44125619 11618799 13199353 1056461334 1121213457 937435208 988243073 119026126 132970384 CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES. 0 0 PROVIDE FINANCIAL SERVICES TO APPROXIMATELY 75,500 MEMBERS. THESE SERVICES INCLUDE BUT ARE NOT LIMITED TO LOANS AND SAVINGS PROGRAMS. THE SERVICES ARE PROVIDED BY AT LEAST SEVEN NON-PAID VOLUNTEERS AND APPROXIMATELY 300 FULL-TIME PAID EMPLOYEES. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 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 11847 0 1 292 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 0 0 1 1 1 0 X DEBORAH PARELIUS 5099286494 PO BOX 15128 SPOKANE VALLEY WA 99216 STEVE SHARON CHAIRMAN OF BOARD 1.00 X X 0 0 0 NANCY RIPLEY 1ST VICE CHAIRMAN 1.00 X X 0 0 0 BERNIE KORTH 2ND VICE CHAIRMAN 1.00 X X 0 0 0 PAT FITZGERALD SECRETARY/TREASURER 1.00 X X 0 0 0 MIKE BUTLER DIRECTOR 1.00 X 0 0 0 TOM DILUZIO DIRECTOR 1.00 X 0 0 0 MARK LODINE DIRECTOR 1.00 X 0 0 0 JEFF ADAMS CEO 40.00 X 480399 0 483104 MARK NEUMANN COO 40.00 X 274357 0 31499 DEBORAH PARELIUS CFO 36.30 X 261286 0 28521 GREG CRARY VICE PRESIDENT 40.00 X 171822 0 48640 JODIE OLSON VP HUMAN RESOURCES 40.00 X 183052 0 30959 BRIAN GRYTDAL VP MARKETING 40.00 X 173481 0 26853 MICOLE COMBS VP COMPLIANCE & SUPPORT 40.00 X 157531 0 10677 REED LYTLE DIRECTOR OF LENDING 40.00 X 123715 0 31743 1825643 0 691996 7 0 1 0 BAKER CONSTRUCTION 2711 E SPRAGUE AVE SPOKANE WA 99202 CONSTRUCTION 2888372 FISERV 405 SCIENCE DRIVE MOORPARK CA 93021 DATA PROCESSING 1484501 DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 90051 WEBSITE & ELECTRONIC BANKING 822460 DIRECT MAIL ENTERPRISES 812 N NAPA SPOKANE WA 99202 DIRECT MAIL SERVICE 386343 STANLEY PERDUE 41 CAMINO DE LOS ANGELITOS GALISTEO NM 87540 LEGAL 152954 17 INTEREST ON MEMBER LOANS 522100 42539792 42539792 FEES INCOME 522100 5252725 5098994 153731 VISA & DEBIT CARD INCOME 522100 3939277 3939277 OTHER INCOME 525990 1334807 1334807 53066601 4301968 4301968 77165 0 77165 77165 77165 2552090 2672852 -120762 -120762 -120762 57324972 52912870 153731 4258371 48172 2000 1559166 12635169 1377966 2079197 1068141 144975 154124 88586 947136 1093951 524758 2305829 1867589 183293 34279 8183799 1649037 450022 PROVISION FOR LOAN LOSS 2302042 CARD PROCESSING FEES 1428671 LOAN PROCESSING 1417996 MEMBER SERVICING 1055988 1523733 44125619 15738841 16906122 158645628 68682708 4460465 5488601 2039575 2085751 805578553 918965678 1088715 1515821 47892028 17756107 26413934 30135921 22950756 56053736 11355 9807 3451951 3185752 16081561 18183560 1056461334 1121213457 12153189 12762809 925282019 975480264 937435208 988243073 X 0 0 0 0 119026126 132970384 119026126 132970384 1056461334 1121213457 13199353 744905 0 X 0 1 X 1 0 8241 8241 8241 1 CREDIT UNION LEGISLATIVE ACTION FUND 18000 INTERNATIONAL BLVD SUITE 350 SEATAC WA 98188 800043051 8241 5715 PART I-A, LINE 1: THE CREDIT UNIONS ONLY INDIRECT POLITICAL CAMPAIGN ACTIVITY IS A CONTRIBUTION TO THE CREDIT UNION LEGISLATIVE ACTION COMMITTEE. 7783673 7783673 23054473 6546435 16508038 729590 710800 18790 14030560 10498872 3531688 2293732 2293732 30135921 MEMBER SHARES & DEPOSITS 975480264 975480264 X 57445734 120762 120762 57324972 0 57324972 44246381 120762 120762 44125619 0 44125619 PART X, LINE 2: THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION DESCRIBED IN INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (AS DEFINED IN SECTION 512) DERIVED BY STATE-CHARTERED CREDIT UNIONS. THE SPECIFIC APPLICATION OF SECTION 512 TO THE VARIOUS ACTIVITIES CONDUCTED BY STATE-CHARTERED CREDIT UNIONS HAS BEEN AT ISSUE FOR MANY YEARS. THE INTERNAL REVENUE SERVICE ("IRS") HAS ISSUED A SERIES OF TECHNICAL ADVICE MEMORANDA ("TAM") TO A NUMBER OF STATE-CHARTERED CREDIT UNIONS LOCATED THROUGHOUT THE COUNTRY. IN THESE TAMS, THE IRS RULED CERTAIN PRODUCTS AND SERVICES TO BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN LIGHT OF THE TAMS, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL INCOME TAX LIABILITY. THE CREDIT UNION FILES IRS FORMS 990 AND 990-T, AS APPLICABLE, AND MEASURES AND RECOGNIZES THE IMPLICATIONS OF POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURNS ON AN ONGOING BASIS IN ACCORDANCE WITH INCOME TAX GUIDANCE. THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES, AND NO ADJUSTMENTS TO ITS FINANCIAL POSITION, RESULTS OF OPERATIONS OR CASH FLOWS RELATED TO UNCERTAIN TAX POSITIONS TAKEN FOR THE YEAR ENDED DECEMBER 31, 2019 AND 2018. THE CREDIT UNION IS NO LONGER SUBJECT TO FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR 12 MONTHS PRIOR TO DECEMBER 31, 2016. IF ASSESSED, THE CREDIT UNION RECOGNIZES PENALTIES AND INTEREST ASSOCIATED WITH TAX MATTERS AS PART OF OPERATING EXPENSES. IN 2017, CONGRESS PASSED THE TAX CUTS AND JOBS ACT, WHICH IMPOSES A 21% EXCISE TAX ON EMPLOYEE COMPENSATION IN EXCESS OF $1 MILLION AND DEFERRED COMPENSATION AFTER THE EMPLOYEE HAS LEFT THE ORGANIZATION IN EXCESS OF THREE TIMES THE AVERAGE COMPENSATION OF THE PREVIOUS FIVE YEARS. THE CREDIT UNION IS EVALUATING THE EFFECT OF THE LAW MAY HAVE ON ITS STATEMENT OF FINANCIAL CONDITION BUT DOES NOT BELIEVE ITS CONDITION WILL BE SIGNIFICANTLY AFFECTED. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSETS 120,762. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSETS 120,762. 1 SECOND HARVEST FOOD BANK OF THE INLAND NORTHWEST 1234 EAST FRONT AVE SPOKANE WA 99202 237173826 501(C)3 5500 GENERAL SUPPORT MONTANA FOOD BANK NETWORKS 5625 EXPRESSWAY MISSOULA MT 59808 810421243 501(C)3 9000 GENERAL SUPPORT NWCUF FAIRSHARE CONTRIBUTION 18000 INTERNATIONAL BLVD SUITE 350 SEATAC WA 98188 911649328 501(C)3 8241 GENERAL SUPPORT CHILDREN'S HOME SOCIETY 2323 N DISCOVERY PLACE SPOKANE VALLEY WA 99216 916069341 501(C)3 8170 GENERAL SUPPORT SNAP 3102 W GEORGE WRIGHT DRIVE SPOKANE WA 99224 911311127 501(C)3 5442 GENERAL SUPPORT PROVIDENCE HEALTH CARE FOUNDATION 601 W 1ST AVE SUITE 200 SPOKANE WA 99201 320014330 501(C)3 7000 GENERAL SUPPORT 6 SCHEDULE I, PART I, LINE 2 THE ORGANIZATION KEEPS RECEIPTS OR DOCUMENTATION FOR EACH SPONSORED EVENT. THE ORGANIZATION HAS A POLICY AND SET OF BY-LAWS FOR THE COMMUNITY OUTREACH COMMITTEE TO FOLLOW WHEN APPROVING EXPENDITURES FOR EVENTS. THE COC IS ASSIGNED BY SENIOR MANAGEMENT A BUDGETED EXPENDITURE AMOUNT FOR EACH YEAR. THE DONATIONS WERE MADE TO KNOWN LOCAL CHARITABLE ORGANIZATIONS AND THEREFORE NO FURTHER MONITORING IS DONE TO ENSURE THAT THE FUNDS ARE NOT USED OUTSIDE THE U.S. X 1 1 X X X X 0 1 0 JEFF ADAMS CEO 402474 0 37070 0 40855 0 447419 0 35685 0 963503 0 0 0 MARK NEUMANN COO 221678 0 20741 0 31938 0 20806 0 10693 0 305856 0 0 0 DEBORAH PARELIUS CFO 224387 0 19360 0 17539 0 15600 0 12921 0 289807 0 0 0 GREG CRARY VICE PRESIDENT 153213 0 14557 0 4052 0 15025 0 33615 0 220462 0 0 0 JODIE OLSON VP HUMAN RESOURCES 163364 0 16424 0 3264 0 14892 0 16067 0 214011 0 0 0 BRIAN GRYTDAL VP MARKETING 153844 0 14122 0 5515 0 14087 0 12766 0 200334 0 0 0 MICOLE COMBS VP COMPLIANCE & SUPPORT 37074 0 120457 0 0 0 7573 0 3104 0 168208 0 0 0 REED LYTLE DIRECTOR OF LENDING 113881 0 7424 0 2410 0 9589 0 22154 0 155458 0 0 0 PART I, LINE 1A THE CREDIT UNION REIMBURSES LIMITED ACTUAL EXPENSES FOR SPOUSAL TRAVEL OF BOARD MEMBERS, SUPERVISORY COMMITTEE MEMBERS, THE CEO, AND SENIOR MANAGERS. THIS IS ONLY FOR TRAVEL RELATED TO CREDIT UNION BUSINESS. THE REIMBURSEMENTS ARE NOT TAXABLE COMPENSATION. PART I, LINE 4B JEFF ADAMS, CEO, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT EARNED IN 2019 WAS $425,772. DEBORAH PARELIUS, CFO, AND MARK NEUMANN, COO, PARTICIPATE IN THE SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENT THAT IS TREATED AS A SPLIT-DOLLAR LOAN UNDER TREASURY REGULATIONS SECTION 1.7872-15. FOR ANY APPLICABLE SPLIT DOLLAR LOAN PAYMENTS IN THIS CALENDAR YEAR A PAPER COPY OF THE REPRESENTATION STATEMENT HAS BEEN ATTACHED TO THE 990T RETURN. MARK NEUMANN COO EXECUTIVE COMPENSATION X 323225 461751 0 1 1 DEBORAH PARELIUS CFO EXECUTIVE COMPENSATION X 1392000 1624000 0 1 1 2085751 SCHEDULE L, PART II, LINE (C) ADDITIONAL EXPLANATION: EXECUTIVE COMPENSATION UNDER A SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENT THAT IS TREATED AS A SPLIT-DOLLAR LOAN UNDER TREASURY REGULATIONS SECTION 1.7872-15. FOR ANY APPLICABLE SPLIT DOLLAR LOAN PAYMENTS IN THIS CALENDAR YEAR A PAPER COPY OF THE REPRESENTATION STATEMENT HAS BEEN ATTACHED TO THE 990T RETURN. FORM 990, PART VI, SECTION A, LINE 6 ENTITY HAS MEMBERS WHO ELECT MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A ENTITY HAS ONE CLASS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B ENTITY HAS MEMBERS WHO HAVE RIGHTS TO RATIFY DECISIONS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE CFO REVIEWS THE FORM 990 AND WILL MAKE A COMPLETE COPY OF IT AVAILABLE TO THE BOARD AT THE NOVEMBER 2020 BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 CEO SALARY RANGES ARE PREPARED BY HUMAN RESOURCES BASED ON INDUSTRY COMPARABILITY DATA AND IS REVIEWED BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS COMPRISED OF VOLUNTEER BOARD MEMBERS. CEO PERFORMANCE IS ASSESSED BY ENTIRE BOARD. SALARY TRENDS, BENCHMARKS AND DATA ARE REVIEWED BY THE EXECUTIVE COMMITTEE FOR APPROPRIATE SALARY DETERMINATION AS DELEGATED TO AND AUTHORIZED BY THE BOARD. SENIOR MANAGER SALARY RANGES ARE PREPARED BY HUMAN RESOURCES BASED ON INDUSTRY COMPARABILITY DATA AND REVIEWED BY THE CEO AND THE COMPENSATION COMMITTEE AND/OR BOARD CHAIR. PERFORMANCE IS ASSESSED AND SALARY TRENDS ARE REVIEWED BY THE CEO TO DETERMINE RELEVANT SALARIES. EVERY FEW YEARS THE COMPENSATION DATA AND PROCESS IS REVIEWED BY AN OUTSIDE CONSULTANT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE AVAILABLE TO THE PUBLIC THE ORGANIZATION'S GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY. THE ORGANIZATION PUBLISHES THEIR MONTHLY FINANCIAL STATEMENTS AT EACH BRANCH, AND THEIR QUARTERLY FINANCIAL STATEMENTS ARE PUBLISHED ON THE NCUA WEBSITE. THE ORGANIZATION'S ANNUAL REPORT IS AVAILABLE ON THEIR WEBSITE.