2020-11-10T11:19:19-06:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2019-01-01 910639210 O BEE CREDIT UNION CRED 3609430740 649 WOODLAND SQUARE LOOP SE NO 10 LACEY WA 98503 DANIEL HILDRETH VP OF FINANCE 3609430740 2020-11-09 1 MARY C GREEN P00447183 6022662248 2020-11-09 67.137.57.251 2020-11-09 12:54:59 MS P 87475E1862DD8A2075D3A23AFE02BA1781434062 FC9A45E43718A07F79C42053BA56CF0CE37CD438 2019 2021-04-22 16:20:28Z X JAMES COLLINS 649 WOODLAND SQUARE LOOP SE NO 100 LACEY WA 98503 22730800 0 X WWW.OBEE.COM X 1955 WA CREDIT UNION IN THE STATE OF WASHINGTON. PROVIDE FINANCIAL PRODUCTS AND SERVICES TO MEMBERS. 8 8 162 15 61490 0 0 0 19391849 22505899 260420 224901 0 0 19652269 22730800 18000 18000 907422 1506032 6407028 7594117 0 0 0 9544491 11586916 16876941 20705065 2775328 2025735 301048046 333001857 276346386 306304883 24701660 26696974 X THE PURPOSE OF THE CREDIT UNION IS TO OPERATE AS A COOPERATIVE, NONPROFIT ASSOCIATION, FOR THE PURPOSE OF ENCOURAGING THRIFT AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR OWN MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. 0 0 THE CREDIT UNION PROVIDES DRAFT AND SHARE ACCOUNTS, CONSUMER LOANS, SHARE CERTIFICATES AND OTHER EXEMPT FUNCTION ACTIVITIES TO ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 9402 0 162 1 1 1 0 0 0 0 0 0 0 X 8 8 1 0 1 0 1 1 0 1 0 0 1 1 1 1 1 1 1 1 1 0 0 X DANIEL HILDRETH 3609430740 649 WOODLAND SQUARE LOOP SE STE 100 LACEY WA 98503 JAMES COLLINS CEO/TREASURER 40.00 X 263113 0 49963 DAVID ECHTLE CLO 40.00 X 152850 0 40090 JENNIFER ROBERTS-ECHTLE COO/SECRETARY 40.00 X 139122 0 37921 MICHAEL LINDSEY MORTGAGE LOAN OFFICER 40.00 X 159961 0 11743 DAVID LITTLETON FINANCIAL ADVISOR 40.00 X 138897 0 30727 LEE WOJNAR VP MARKETING 40.00 X 128157 0 39094 JOLEE ROBERTS-YUNKER MORTGAGE LOAN OFFICER 40.00 X 151052 0 7139 DANIEL HILDRETH VP FINANCE 40.00 X 118633 0 31787 JACON TUCKER VP OF IT 40.00 X 124903 0 24969 WILFORD SAUNDERS CHAIR 4.00 X X 0 0 0 CHRISTY KRIEGSMAN 1ST VICE CHAIR 4.00 X X 0 0 0 JUDITH WEEKS 2ND VICE CHAIR 4.00 X X 0 0 0 JERRY MURPHY DIRECTOR 4.00 X 0 0 0 MIRIAM BAUSCH DIRECTOR 4.00 X 0 0 0 STEVE BLANKENSHIP DIRECTOR 4.00 X 0 0 0 PRABAKARAN MANOHARAN DIRECTOR 4.00 X 0 0 0 JASON GORDON DIRECTOR 4.00 X 0 0 0 CAROLYN CARUSO DIRECTOR (RESIGNED 12/19) 4.00 X 0 0 0 1376688 0 273433 11 0 1 0 FIS 601 RIVERSIDE AVENUE JACKSONVILLE FL 32204 CARD PROCESSOR 1271029 L KEELEY CONSTRUCTION 500 S EWING AVE G ST LOUIS MO 63103 CONSTRUCTION 854780 COOK SECURITY GROUP 6501 E TRENT AVENUE SUITE I SPOKANE VALLEY WA 99212 ATM AND EQUIPMENT SERVICING 527378 JACK HENRY AND ASSOCIATES 663 W HIGHWAY 60 MONETT MO 65708 DATA PROCESSING 409509 TECHNOLOGY UNLIMITED 6802 SOUTH 220TH ST BLDG 2 KENT WA 98032 SUPPORT FOR BRANCH EQUIPMENT 216013 11 LOAN INTEREST AND FEES 522100 22505899 22444409 61490 22505899 56291 56291 168610 0 168610 168610 168610 22730800 22444409 61490 224901 X 18000 1506032 833479 4458777 398877 1424312 478672 29332 25016 633525 525733 855132 475862 1271478 69719 20854 231301 618607 63280 PROVISION FOR LOAN LOSS 2952777 CREDIT CARD EXPENSES 1570645 OPERATING EXPENSES 926863 LENDING EXPENSES 414743 902049 20705065 7230948 7207484 5514837 16098896 483878 824384 274804383 294104296 1218975 625844 15441882 6914102 6832143 8527780 1325258 1087790 3637624 4525383 301048046 333001857 5585700 6106354 517635 8940000 4000000 261820686 295680894 276346386 306304883 X 0 0 0 0 24701660 26696974 24701660 26696974 301048046 333001857 2025735 -30421 0 X 0 0 0 1385995 1385995 7125364 2691117 4434247 6930523 4222985 2707538 8527780 MEMBER SHARE AND DEPOSIT ACCOUNTS 295680894 295680894 1 COLLEGE SCHOLARSHIPS 6 18000 CASH N/A PART I, LINE 2: SCHOLARSHIP FUNDS ARE AWARDED TO INDIVIDUALS AND PAID DIRECTLY TO THE COLLEGE OR UNIVERSITY THEY ARE ATTENDING. WE PAID OUT A TOTAL OF $18,000 IN SCHOLARSHIPS ($3,000 EACH FOR SIX INDIVIDUALS) IN 2019. X 1 1 X X X 0 1 0 JAMES COLLINS CEO/TREASURER 235838 0 27275 0 0 0 38680 0 11283 0 313076 0 0 0 DAVID ECHTLE CLO 141267 0 11583 0 0 0 28762 0 11328 0 192940 0 5328 0 JENNIFER ROBERTS-ECHTLE COO/SECRETARY 128937 0 10185 0 0 0 26593 0 11328 0 177043 0 4330 0 MICHAEL LINDSEY MORTGAGE LOAN OFFICER 35040 0 124921 0 0 0 415 0 11328 0 171704 0 0 0 DAVID LITTLETON FINANCIAL ADVISOR 54143 0 84754 0 0 0 19444 0 11283 0 169624 0 0 0 LEE WOJNAR VP MARKETING 116222 0 11935 0 0 0 27811 0 11283 0 167251 0 5296 0 JOLEE ROBERTS-YUNKER MORTGAGE LOAN OFFICER 25140 0 125912 0 0 0 4483 0 2656 0 158191 0 0 0 DANIEL HILDRETH VP FINANCE 113177 0 5456 0 0 0 24658 0 7129 0 150420 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS IS PAID FOR CERTAIN MEMBERS OF MANAGEMENT AND IS INCLUDED IN THE EMPLOYEE'S W-2. PART I, LINE 4B THE CREDIT UNION PARTICIPATES IN A 457(F) RETIREMENT PLAN FOR CERTAIN OFFICERS AND KEY EMPLOYEES. THE FOLLOWING EMPLOYEES RECEIVED CONTRIBUTIONS TO THIS PLAN DURING 2019: JAMES COLLINS, CEO - $10,000 LEE WOJNAR, VP MARKETING - $9,717 DAVID ECHTLE, CLO - $10,052 JENNIFER ROBERTS, SVP/COO - $9,403 DANIEL HILDRETH, VP FINANCE - $8,788 CAROLYN CARUSO DIRECTOR CREDIT CARD X 8480 710 0 1 1 CAROLYN CARUSO DIRECTOR CREDIT CARD X 8446 614 0 1 1 CHRISTY KRIEGSMAN DIRECTOR AUTO LOAN X 23147 4887 0 1 1 CHRISTY KRIEGSMAN DIRECTOR HELOC X 249825 209652 0 1 1 DANIEL HILDRETH VP OF FINANCE AUTO LOAN X 24491 23567 0 1 1 DANIEL HILDRETH VP OF FINANCE CREDIT CARD X 10000 1237 0 1 1 DANIEL HILDRETH VP OF FINANCE AUTO LOAN X 18505 8886 0 1 1 DAVID ECHTLE CLO HELOC X 20406 13546 0 1 1 DAVID ECHTLE CLO CREDIT CARD X 10304 53 0 1 1 GERALD MURPHY DIRECTOR CREDIT CARD X 5025 520 0 1 1 GERALD MURPHY DIRECTOR CREDIT CARD X 2000 139 0 1 1 JAMES COLLINS CEO HELOC X 190183 123432 0 1 1 JAMES COLLINS CEO CREDIT CARD X 35000 21784 0 1 1 JAMES COLLINS CEO HELOC X 114000 79549 0 1 1 JAMES COLLINS CEO CREDIT CARD X 6969 5546 0 1 1 JASON GORDON DIRECTOR HELOC X 94610 90210 0 1 1 JENNIFER ROBERTS-ECHTLE COO HELOC X 84976 83210 0 1 1 JENNIFER ROBERTS-ECHTLE COO AUTO LOAN X 14036 12720 0 1 1 JENNIFER ROBERTS-ECHTLE COO CREDIT CARD X 8385 5815 0 1 1 LEE WOJNAR VP OF MARKETING CREDIT CARD X 10118 9577 0 1 1 LEE WOJNAR VP OF MARKETING HELOC X 20365 3220 0 1 1 LEE WOJNAR VP OF MARKETING CREDIT CARD X 5000 2370 0 1 1 LEE WOJNAR VP OF MARKETING MORTGAGE X 248000 73728 0 1 1 STEVE BLANKENSHIP DIRECTOR CREDIT CARD X 6037 2341 0 1 1 STEVE BLANKENSHIP DIRECTOR HELOC X 51000 44193 0 1 1 WILFORD SAUNDERS DIRECTOR CREDIT CARD X 7092 2878 0 1 1 824384 FORM 990, PART VI, SECTION A, LINE 2 JENNIFER ROBERTS-ECHTLE AND DAVID ECHTLE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE WASHINGTON STATE DIVISION OF CREDIT UNIONS APPROVED O BEE CREDIT UNION'S FIELD OF MEMBERSHIP AMENDMENT TO INCLUDE EMPLOYEES OF PABST BREWING COMPANY LOCATED IN CALIFORNIA AND TEXAS AS OF SEPTEMBER 9, 2019 AND APPROVED BY O BEE'S BOARD OF DIRECTORS ON OCTOBER 15, 2019. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IS OPEN TO ANYONE WHO LIVES OR WORKS IN WASHINGTON STATE AS WELL AS BEING RELATED TO SOMEONE WHO IS A MEMBER OF O BEE AND IS IN GOOD STANDING, AND WHO LIVES OR WORKS IN WASHINGTON STATE. AN INDIVIDUAL IS CONSIDERED A MEMBER IF THEY HAVE A SHARE OR LOAN ACCOUNT WITH THE CREDIT UNION. THE CREDIT UNION HAD 31,869 MEMBERS AS OF 12/31/2019. FORM 990, PART VI, SECTION A, LINE 7A EACH CREDIT UNION MEMBER MAY VOTE FOR MEMBERS OF THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. 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. 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 ANNUALLY, DIRECTORS AND KEY EMPLOYEES MUST SIGN A CODE OF ETHICS THAT INCLUDES CONFLICT OF INTEREST GUIDELINES AND INDICATE DISCLOSURE OF ANY CONFLICTS OF INTEREST. THIS IS MONITORED VIA REVIEW OF RESPONSES TO THE ANNUAL CODE OF ETHICS DISCLOSURE. IF THERE ARE ANY CHANGES TO THE PERSON'S EMPLOYMENT OR EXTRA-CURRICULAR ACTIVITIES, THEY ARE REQUIRED TO REPORT THAT TO HUMAN RESOURCES. FORM 990, PART VI, SECTION B, LINE 15A CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS WITH THE ASSISTANCE OF AN OUTSIDE CONSULTANT AND INDUSTRY SALARY DATA AND IS DOCUMENTED IN THE CEO'S PERSONNEL FILE. OTHER OFFICERS OR KEY EMPLOYEES SALARIES ARE DETERMINED BY THE CEO AND VP OF HR USING INDUSTRY SALARY DATA AND IS DOCUMENTED IN THE EMPLOYEE'S PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. QUARTERLY FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC VIA THE 5300 CALL REPORT. FORM 990, PART IX, LINE 24E LOAN EXPENSES 371,774. ATM AND NETWORK EXPENSES 323,848. COLLECTION EXPENSES 206,427.