POTLATCH NO 1 FEDERAL CREDIT UNION: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- POTLATCH NO 1 FEDERAL CREDIT UNION (EIN 82-0201645)
- Tax period
- 2019-02-01 to 2019-12-31
- Filed
- 2020-11-10
- IRS object ID
- 202043159349303779
- Schema version
- 2019v5.1
- 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 | 2020-11-10T13:56:27-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 910189318 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOSS ADAMS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 W RIVERSIDE AVENUE STE 1800 | AddressLine1Txt |
| City | SPOKANE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 99201 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-02-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 820201645 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | POTLATCH NO 1 FINANCIAL CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | POTL | BusinessNameControlTxt |
| Phone | 2087468900 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1025 WARNER AVE | AddressLine1Txt |
| City | LEWISTON | CityNm |
| State Abbreviation | ID | StateAbbreviationCd |
| ZIP | 83501 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHRISTOPHER LOSETH | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 2087468900 | PhoneNum |
| Signature | 2020-11-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | EMINA O CRESSWELL CPA | PreparerPersonNm |
| PTIN | P01217304 | PTIN |
| Phone | 5097472600 | PhoneNum |
| Preparation | 2020-11-03 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 107.77.205.79 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-03 | IPDt |
| IP Tm | 16:35:42 | IPTm |
| IP Timezone | PS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 1B4A60EF0ED4E711D4310D4348A8AF7D79F8713A | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 5C7DDF4DB5D450AC47B8022FAE3A848B90DE5F8D | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Initial Return | Yes (X) | InitialReturnInd |
| Principal Officer | CHRISTOPHER LOSETH | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1025 WARNER AVE | AddressLine1Txt |
| City | LEWISTON | CityNm |
| State Abbreviation | ID | StateAbbreviationCd |
| ZIP | 83501 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $59,506,164 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.P1FCU.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2019 | FormationYr |
| Legal Domicile State | ID | LegalDomicileStateCd |
| Activity Or Mission | WE PLEDGE TO SERVE EVERY MEMBER WITH THE HIGHEST LEVELS OF SINCERITY, FAIRNESS, COURTESY, RESPECT, AND GRATITUDE, DELIVERED WITH UNPARALLELED RESPONSIVENESS, EXPERTISE, EFFICIENCY AND ACCURACY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 274 | TotalEmployeeCnt |
| Total Volunteers | 12 | TotalVolunteersCnt |
| Total Gross UBI | $106,735 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $58,066,118 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $57,222,433 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,037,852 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,277,631 | CYInvestmentIncomeAmt |
| CY Other Revenue | -$12,678 | CYOtherRevenueAmt |
| PY Total Revenue | $59,103,970 | PYTotalRevenueAmt |
| CY Total Revenue | $59,487,386 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $414,837 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $592,733 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $17,895,996 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $18,704,666 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $29,439,836 | PYOtherExpensesAmt |
| CY Other Expenses | $30,662,127 | CYOtherExpensesAmt |
| PY Total Expenses | $47,750,669 | PYTotalExpensesAmt |
| CY Total Expenses | $49,959,526 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $11,353,301 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $9,527,860 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,103,364,882 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,262,893,936 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,007,105,374 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,156,668,269 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $96,259,508 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $106,225,667 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | WE PLEDGE TO SERVE EVERY MEMBER WITH THE HIGHEST LEVELS OF SINCERITY, FAIRNESS, COURTESY, RESPECT, AND GRATITUDE, DELIVERED WITH UNPARALLELED RESPONSIVENESS, EXPERTISE, EFFICIENCY AND ACCURACY. WE ARE IN BUSINESS TO CREATE LASTING RELATIONSHIPS, AND WE WILL TREAT OUR MEMBERS LIKE WE WANT TO BE TREATED. WE WILL OFFER THE FINEST PERSONAL SERVICE AND PRODUCTS DELIVERED BY CARING TEAM MEMBERS WHO TAKE 100 PERCENT RESPONSIBILITY FOR MEETING THE NEEDS OF EACH MEMBER. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | PROVIDE FINANCIAL SERVICES TO 92,373 MEMBERS. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, CONSUMER AUTO LENDING, CONSUMER MORTGAGE LENDING, COMMERCIAL LENDING, DEPOSIT ACCOUNTS, SAVINGS, CHECKING, MONEY MARKETS AND CD'S. | 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 | Yes (1) | 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 | 0 | 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 | 20660 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 274 | 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 | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | 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 | 0 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PAUL MCCALL | PersonNm |
| Phone | 2087468900 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1025 WARNER AVE | AddressLine1Txt |
| City | LEWISTON | CityNm |
| State Abbreviation | ID | StateAbbreviationCd |
| ZIP | 83501 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| TOD DICKESON | |||||||
| BOARD CHAIR | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| TARA LEER | |||||||
| BOARD VICE CHAIR | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| RANDY BUTTENHOFF | |||||||
| TREASURER | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| GARY GILLIAM | |||||||
| SECRETARY | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| TOM PFLIGER | |||||||
| BOARD MEMBER | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| DOUGLAS MUSHLITZ | |||||||
| BOARD MEMBER | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRIS MARTSON | |||||||
| BOARD MEMBER | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| HOLLI BALMER | |||||||
| BOARD MEMBER | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| JIM FULLER | |||||||
| BOARD MEMBER | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRISTOPHER LOSETH | |||||||
| PRESIDENT/CEO | 60.00 | Yes (X) | $860,824 | $0 | $527,989 | ||
| PATTI MESHISHNEK | |||||||
| EXECUTIVE VP/CHIEF LENDING OFFICER | 60.00 | Yes (X) | $474,288 | $0 | $158,257 | ||
| TROY SANDVICK | |||||||
| CHIEF OPERATIONS OFFICER | 60.00 | Yes (X) | $303,340 | $0 | $105,240 | ||
| CRAIG EMERSON | |||||||
| CHIEF FINANCIAL OFFICER | 60.00 | Yes (X) | $225,045 | $0 | $107,767 | ||
| MICHAEL VOGELER | |||||||
| CHIEF STRATEGY OFFICER | 60.00 | Yes (X) | $110,151 | $0 | $22,329 | ||
| MICHAEL MOSER | |||||||
| MORTGAGE SERVICES MANAGER | 40.00 | $166,086 | $0 | $82,166 | Yes (X) | ||
| CLINTON JOHNSON | |||||||
| VICE PRESIDENT OF DATA & ANALYTICS | 40.00 | $166,819 | $0 | $41,094 | Yes (X) | ||
| ELIZABETH BARNES | |||||||
| MORTGAGE LOAN UNDERWRITER | 40.00 | $124,965 | $0 | $78,617 | Yes (X) | ||
| ROB CASSETTO | |||||||
| BUSINESS SERVICES MANAGER | 40.00 | $120,858 | $0 | $61,497 | Yes (X) | ||
| DAVID LUMLEY | |||||||
| BUSINESS SALES REPRESENTATIVE | 40.00 | $135,696 | $0 | $43,580 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,688,072 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,228,536 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 21 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| FINANCIAL SUPERMARKETS INC | |||||
| PO BOX 1450 | CORNELIA | GA | 30531 | NEW BRANCH VENDOR | $808,218 |
| JACK HENRY & ASSOCIATES INC | |||||
| 663 US-60 | MONETT | MO | 65708 | CORE PROCESSOR VENDOR | $623,868 |
| COOK SECURITY GROUP | |||||
| 9225 NE CASCADES PARKWAY | PORTLAND | OR | 97220 | ATM/ITM/BRANCH SECURITY VENDOR | $565,323 |
| AVTEX SOLUTIONS LLC | |||||
| 3500 AMERICAN BLVD WEST | BLOOMINGTON | MN | 55431 | PHONE SYSTEM VENDOR | $476,907 |
| JESS AUTO LLC | |||||
| PO BOX 3669 | OMAK | WA | 98841 | INDIRECT DEALER | $262,009 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 16 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| LOAN INTEREST | 522100 | $42,863,505 | $42,863,505 | |
| FEE INCOME | 522100 | $7,216,026 | $7,109,291 | $106,735 |
| VISA/DEBIT CARD INCOME | 522100 | $4,292,645 | $4,292,645 | |
| OTHER INCOME | 524258 | $2,850,257 | $2,850,257 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $57,222,433 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,277,631 | TotalRevenueColumnAmt |
| Exclusion | $2,277,631 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $6,100 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $18,778 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$12,678 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$12,678 | TotalRevenueColumnAmt |
| Exclusion | -$12,678 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $59,487,386 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $57,115,698 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $106,735 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,264,953 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $582,733 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,000 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,768,109 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,833,512 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,398,895 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,711,172 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $992,978 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $74,833 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,355,397 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $914,507 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,046,380 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,721,471 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,117,885 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $136,861 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,833 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,004,015 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,327,641 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $200,632 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PROVISION FOR LOAN LOSS | $4,630,982 |
| VISA/DEBIT CARD EXPENSE | $1,928,183 |
| LOAN SERVICING | $1,011,123 |
| TRAINING | $45,845 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $102,539 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,959,526 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,913,887 | BOYAmt |
| EOY | $22,771,210 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $94,828,643 | BOYAmt |
| EOY | $109,280,306 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,820,193 | BOYAmt |
| EOY | $3,188,778 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,097,679 | BOYAmt |
| EOY | $24,092,697 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $940,030,083 | BOYAmt |
| EOY | $1,036,211,729 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $35,512,525 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $12,667,585 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,844,260 | BOYAmt |
| EOY | $22,844,940 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,778,933 | BOYAmt |
| EOY | $3,943,428 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $229,000 | BOYAmt |
| EOY | $229,000 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,822,204 | BOYAmt |
| EOY | $40,331,848 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,103,364,882 | BOYAmt |
| EOY | $1,262,893,936 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,254,875 | BOYAmt |
| EOY | $5,614,610 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $998,850,499 | BOYAmt |
| EOY | $1,151,053,659 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,007,105,374 | BOYAmt |
| EOY | $1,156,668,269 | 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 | $2,640,324 | BOYAmt |
| EOY | $2,640,324 | 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 | $93,619,184 | BOYAmt |
| EOY | $103,585,343 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $96,259,508 | BOYAmt |
| EOY | $106,225,667 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,103,364,882 | BOYAmt |
| EOY | $1,262,893,936 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $9,527,860 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $438,299 | OtherChangesInNetAssetsAmt |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,656,570 | OtherCostOrOtherBasisAmt |
| Book Value | $4,656,570 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $21,046,531 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,043,416 | DepreciationAmt |
| Book Value | $14,003,115 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,676,386 | OtherCostOrOtherBasisAmt |
| Depreciation | $539,846 | DepreciationAmt |
| Book Value | $1,136,540 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,739,071 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,758,336 | DepreciationAmt |
| Book Value | $2,980,735 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $393,967 | OtherCostOrOtherBasisAmt |
| Depreciation | $325,987 | DepreciationAmt |
| Book Value | $67,980 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $22,844,940 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| 457(F) LIABILITIES | $3,216,304 |
| DIVIDENDS AND INTEREST PAYABLE | $39,195 |
| MEMBERS' SHARES AND SAVINGS ACCOUNTS | $1,147,798,160 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,151,053,659 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART IV, LINE 2B: | FormAndLineReferenceDesc |
| Explanation | WE ESCROW PROPERTY TAXES, INSURANCE, AND PMI (IF APPLICABLE) FOR OUR MORTGAGE MEMBERS. PMI IS PAID OUT MONTHLY TO OUR INSURERS, HOME OWNERS INSURANCE IS PAID OUT ANNUALLY, AND PROPERTY TAXES ARE PAID OUT TO THE COUNTIES ON A TWICE A YEAR (BASED ON THE DUE DATES OF THE TAXES IN EACH COUNTY). WE ALSO RUN ESCROW ANALYSIS IN FEBRUARY EACH YEAR, AND ADJUST WHAT IS DUE FOR OUR MEMBERS AT THAT TIME, AS WELL AS EITHER SENDING ANY SURPLUS OF ESCROWS PAID, OR GIVING THEM AN OPPORTUNITY TO PAY A DEFICIT INLIEU OF A HIGHER MONTHLY PAYMENT. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| INDEPENDENT SCHOOL DISTRICT #1 | |||||||
| 3317 12TH ST | LEWISTON | ID | 83501 | 826000549 | GOVERNMENT | $14,584 | PERFORMING ARTS CENTER DONATION |
| BOYS & GIRLS CLUB OF LEWIS CLARK VALLEY | |||||||
| 1021 BURRELL AVE | LEWISTON | ID | 83501 | 826001432 | 501(C)(3) | $49,750 | 2019 SPONSORSHIP |
| IDAHO FOOD BANK | |||||||
| 3630 E COMMERCIAL COURT | MERIDIAN | ID | 83642 | 820425400 | 501(C)(3) | $22,000 | DONATION TO HELP DISTRIBUTE FOOD |
| WREATHS ACROSS AMERCIA | |||||||
| 4 POINT ST | COLUMBIA FALLS | ME | 04623 | 208362270 | 501(C)(3) | $19,000 | WREATH DONATION |
| LEWIS-CLARK STATE COLLEGE DEPT OF ATHLETICS | |||||||
| 500 8TH AVE | LEWISTON | ID | 83501 | 826000935 | 501(C)(3) | $44,400 | ACTIVITY CENTER SIGN SPONSOR AND ANNUAL SPONSOR DONATION |
| UNIVERSITY OF IDAHO | |||||||
| 875 PERIMETER DR | MOSCOW | ID | 83844 | 826000945 | GOVERNMENT | $10,000 | 2019 ANNUAL SPONSOR DONATION |
| VALLEY VISION | |||||||
| 313 D ST SUITE 201 | LEWISTON | ID | 83501 | 841367690 | 501(C)(6) | $7,500 | 2019 ANNUAL SPONSOR DONATION |
| LEWIS-CLARK STATE COLLEGE | |||||||
| 500 8TH AVE | LEWISTON | ID | 83501 | 826000935 | 501(C)(3) | $6,429 | LEMON DROPS AUCTION SPONSOR |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 7 | 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 | 10 | RecipientCnt |
| Cash Grant | $10,000 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCH. I, PART IV | FormAndLineReferenceDesc |
| Explanation | THE GRANTS ARE DONATIONS TO LOCAL REPUTABLE ORGANIZATIONS, THEREFORE NONE OF THE FUNDS ARE USED OUTSIDE THE US. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CHRISTOPHER LOSETH | ||||||||||||||
| PRESIDENT/CEO | $860,824 | $0 | $0 | $0 | $0 | $0 | $491,877 | $0 | $36,112 | $0 | $1,388,813 | $0 | $0 | $0 |
| PATTI MESHISHNEK | ||||||||||||||
| EXECUTIVE VP/CHIEF LENDING OFFICER | $474,288 | $0 | $0 | $0 | $0 | $0 | $101,290 | $0 | $56,967 | $0 | $632,545 | $0 | $0 | $0 |
| TROY SANDVICK | ||||||||||||||
| CHIEF OPERATIONS OFFICER | $303,340 | $0 | $0 | $0 | $0 | $0 | $67,585 | $0 | $37,655 | $0 | $408,580 | $0 | $0 | $0 |
| CRAIG EMERSON | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $225,045 | $0 | $0 | $0 | $0 | $0 | $95,216 | $0 | $12,551 | $0 | $332,812 | $0 | $0 | $0 |
| MICHAEL MOSER | ||||||||||||||
| MORTGAGE SERVICES MANAGER | $161,459 | $0 | $4,627 | $0 | $0 | $0 | $70,921 | $0 | $11,245 | $0 | $248,252 | $0 | $0 | $0 |
| CLINTON JOHNSON | ||||||||||||||
| VICE PRESIDENT OF DATA & ANALYTICS | $162,019 | $0 | $4,800 | $0 | $0 | $0 | $28,118 | $0 | $12,976 | $0 | $207,913 | $0 | $0 | $0 |
| ELIZABETH BARNES | ||||||||||||||
| MORTGAGE LOAN UNDERWRITER | $121,352 | $0 | $3,613 | $0 | $0 | $0 | $66,420 | $0 | $12,197 | $0 | $203,582 | $0 | $0 | $0 |
| ROB CASSETTO | ||||||||||||||
| BUSINESS SERVICES MANAGER | $117,410 | $0 | $3,448 | $0 | $0 | $0 | $53,959 | $0 | $7,538 | $0 | $182,355 | $0 | $0 | $0 |
| DAVID LUMLEY | ||||||||||||||
| BUSINESS SALES REPRESENTATIVE | $131,777 | $0 | $3,919 | $0 | $0 | $0 | $32,756 | $0 | $10,824 | $0 | $179,276 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4B | FormAndLineReferenceDesc |
| Explanation | CHRIS LOSETH, CEO PARTICIPATES IN A 457(F) PLAN. THE AMOUNT EARNED IN 2019 WAS $385,705. CHRIS LOSETH, CEO, PATTI MESHISHNEK, EVP/CLO, AND TROY SANDVICK, COO, PARTICIPATE IN THE SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENT THAT IS TREATED AS A SPLIT-DOLLAR LOAN UNDER TREASURY REGULATIONS SECTION 1.7872-15. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (3 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| CHRIS LOSETH | |||||||
| PRESIDENT/CEO | EXECUTIVE COMPENSATION | Yes (X) | $22,843,867 | $22,843,867 | 0 | Yes (1) | Yes (1) |
| PATTI MESHISHNEK | |||||||
| EVP/CLO | EXECUTIVE COMPENSATION | Yes (X) | $1,491,945 | $830,717 | 0 | Yes (1) | Yes (1) |
| TROY SANDVICK | |||||||
| COO | EXECUTIVE COMPENSATION | Yes (X) | $1,152,538 | $418,113 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $24,092,697 | TotalBalanceDueAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART II, LINE (C) ADDITIONAL EXPLANATION: | FormAndLineReferenceDesc |
| 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. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | ALL MEMBERS ARE IN THE SAME CLASS. MEMBERS ARE REQUIRED TO HAVE A MEMBERSHIP SHARE WITH AT LEAST $35 IN THE ACCOUNT. THE MEMBER ALSO MUST BE AT LEAST 18 YEARS OLD, AND NOT HAVE A DELINQUENT LOAN OR DEPOSIT ACCOUNT WITH THE CREDIT UNION TO BE ELIGIBLE TO VOTE. THE MEMBERSHIP PRIMARILY ONLY VOTES ANNUALLY TO ELECT OUR BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | P1FCU DOES AN ANNUAL VOTE TO ELECT BOARD MEMBERS TO THE BOARD. THOSE BOARD CANDIDATES ARE SELECTED BY THE CURRENT BOARD OR BY VOLUNTEER VIA NEWSLETTER. |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBERS OF P1FCU ARE REQUIRED TO VOTE ON MATTERS SUCH AS A CHARTER CHANGE OR A POSSIBLE MERGER. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE VP OF ACCOUNTING PREPARES THE INFORMATION PROVIDED TO MOSS ADAMS (A CPA FIRM), THE VP OF ACCOUNTING AND THE CFO BOTH REVIEW THE INITIAL DRAFT OF THE FROM 990, AND WHEN THEIR REVIEW IS COMPLETE THE CEO REVIEWS THE FORM 990 AND SIGNS WHEN THE REVIEW IS CONSIDERED TO BE SATISFACTORY. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CREDIT UNION HAS AN EMPLOYEE HANDBOOK THAT INCLUDES THE CONFLICT OF INTEREST POLICY THAT IS REQUIRED TO BE SIGNED ANNUALLY BY ALL EMPLOYEES. THE CONFLICT OF INTEREST POLICY IS ALSO APPLICABLE FOR BOARD MEMBERS. THE CEO MONITORS THE CONFLICT OF INTEREST POLICY FOR BOARD MEMBERS AND HR MONITORS THE POLICY FOR EMPLOYEES. THE BOARD MEMBER WOULD ABSTAIN FROM THE VOTE IF THERE WAS A CONFLICT OF INTEREST IDENTIFIED. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION IS REVIEWED ANNUALLY BASED ON A PERFORMANCE EVALUATION ON THE ANNIVERSARY DATE OF THE OFFICER OR EMPLOYEE. THE CEO'S COMPENSATION IS DETERMINED BASED UPON A COMPENSATION COMMITTEE THAT USES A COMPENSATION SURVEY OR STUDY BY AN INDEPENDENT COMPENSATION CONSULTANT. THE CEO'S COMPENSATION DISCUSSIONS IS DOCUMENTED IN THE BOARD MINUTES. THE COMPENSATION FOR EMPLOYEES AND OTHER OFFICERS BESIDES THE CEO IS REVIEWED AND BASED ON COMPARABLE DATA AND CUNA'S CREDIT UNION COMPENSATION STUDY. THIS PROCESS IS OVERSEEN BY HR. |
| FORM 990, PART VI, SECTION C, LINE 19 | ORGANIZATION MAKES IT GOVERNING DOCUMENTS AVAILABLE AT ITS ANNUAL MEETING AND UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CHANGE IN UNDIVIDED EARNINGS 479,429. CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME -41,130. |
| 2019 SHORT YEAR FORM 990 | AS OF FEBRUARY 2019, THE CREDIT UNION CHANGED ITS NAME FROM POTLATCH NO. 1 FEDERAL CREDIT UNION TO POTLATCH NO. 1 FINANCIAL CREDIT UNION. CHARTER WAS CHANGED AT THAT TIME FROM A FEDERALLY CHARTERED CREDIT UNION TO AN IDAHO STATE CHARTERED CREDIT UNION. THUS THE 2019 FORM 990 FOR POTLATCH NO. 1 FINANCIAL CREDIT UNION IS A FIRST YEAR SHORT YEAR RETURN FOR THE PERIOD FROM FEBRUARY 2019 TO DECEMBER 2019. |