2020-11-12T11:58:04-06:00 2019-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2019-01-01 910616262 GESA CREDIT UNION GESA 5093783100 51 GAGE BLVD RICHLAND WA 99352 RICHARD WADDLE SVP OF FINANCE & MARKETING 5093783100 2020-11-11 1 EMINA O CRESSWELL CPA P01217304 5097472600 2020-11-11 107.77.205.203 2020-11-11 13:20:17 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 5C7DDF4DB5D450AC47B8022FAE3A848B90DE5F8D 2019 2021-04-22 16:20:28Z DON C MILLER 51 GAGE BLVD RICHLAND WA 99352 158285933 0 1269 X WWW.GESA.COM X 1953 WA PROVIDE FINANCIAL SERVICES TO 164,281 MEMBERS. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, PROVIDING AUTO AND OTHER SECURED/UNSECURED CONSUMER LOANS, CHECKING AND SAVINGS PROGRAMS, AND CREDIT CARD SERVICES. 15 15 858 3 838348 370037 0 0 106322801 149175385 2353473 8569795 188567 516607 108864841 158261787 51072 42275 0 0 35180216 45173231 0 0 0 55703984 84335948 90935272 129551454 17929569 28710333 2059209952 3684580440 1868645401 3281822225 190564551 402758215 MEMBERS HAVE ACCESS TO A BROAD RANGE OF FINANCIAL PRODUCTS AND SERVICES THAT ENABLE THEM TO PROSPER AT A COST JUSTIFIED BY THE RESULT. 0 0 OFFER COMPREHENSIVE RANGE AND COMPETITIVELY PRICED LOAN PRODUCTS TO MEMBERS. GESA OFFERS A WIDE RANGE OF LOAN PRODUCTS INCLUDING, BUT NOT LIMITED TO, AUTOS, RVS, MARINE EQUIPMENT, FIRST MORTGAGE, HOME EQUITY, CREDIT CARD, COMMERCIAL AND VARIOUS SECURED AND UNSECURED LOANS. OFFER COMPREHENSIVE AND COMPETITIVELY YIELDING SAVINGS PRODUCTS TO MEMBERS. GESA OFFERS A WIDE VARIETY OF SAVINGS PRODUCTS TO MEMBERS, WHICH INCLUDE, BUT ARE NOT LIMITED TO BASIC SAVINGS, HOLIDAY CLUB, VACATION CLUB, COMMERCIAL SAVINGS, CERTIFICATE ACCOUNTS, IRA CERTIFICATES, IRA SAVINGS AND MONEY MARKET ACCOUNTS. GESA CONTINUES TO BE A LEADER IN OUR AREA ON SAVINGS ACCOUNT RATES. OFFER LOW COST SERVICES TO MEMBERS WHICH WILL ENABLE THEM TO ACHIEVE THEIR DESIRED FINANCIAL GOALS. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 34395 0 1 858 1 1 1 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 1 1 X RICHARD WADDLE 5093783100 51 GAGE BLVD RICHLAND WA 99352 WILLIAM MELBERG CHAIRMAN OF THE BOARD 5.00 X X 17049 1 0 GREGG ANDREWS SECRETARY 5.00 X X 11740 2 0 BILL BONAUDI VICE CHAIRMAN OF THE BOARD 5.00 X X 2500 3 0 LINDA COWAN VICE CHAIRMAN OF THE BOARD 5.00 X X 2500 4 0 ROBERT FOLLETT DIRECTOR 5.00 X 13500 5 0 MARTIN VALADEZ TORRES DIRECTOR 5.00 X 12394 6 0 IRIS ANDERSON DIRECTOR 5.00 X 12355 7 0 PETER SMITH DIRECTOR 5.00 X 11788 8 0 MANUEL CHAVALLO DIRECTOR 5.00 X 11505 9 0 BRETT SPOONER DIRECTOR 5.00 X 9000 10 0 PAUL KORSTAD DIRECTOR (THRU 07/2019) 5.00 X 8750 11 0 WILLIAM ROBERTS JR DIRECTOR (THRU 03/2019) 5.00 X 4500 12 0 ANDREW AUSTIN DIRECTOR 5.00 X 2500 13 0 BEN BASSON DIRECTOR 5.00 X 2500 14 0 GEOF GRIEBEL DIRECTOR 5.00 X 2500 15 0 ROGER REIMER DIRECTOR 5.00 X 2500 16 0 RICH RUTKOWSKI DIRECTOR 5.00 X 2500 17 0 DON C MILLER PRESIDENT/CEO 50.00 X 686395 18 526461 RAJESH BANDARU CHIEF INFORMATION OFFICER 50.00 X 340511 19 233840 RICHARD WADDLE SVP OF FINANCE/MARKETING 50.00 X 287183 20 198762 BRETT JORGENSON CHIEF LENDING OFFICER (THRU 08/2019) 50.00 X 222889 21 41302 SCOTT ADKINS CHIEF LENDING OFFICER 50.00 X 222370 22 30423 MICHAEL POIRIER HOME LOAN OFFICER 50.00 X 311391 23 50058 RANDY WACKER VP OF MORTGAGE LENDING 50.00 X 274443 24 64376 BENJAMIN RUTLEDGE VP COMMERCIAL SERVICES 50.00 X 226510 25 100439 MEL CALLOWAY VP RETAIL SALES & SERVICE 50.00 X 233237 26 79191 ADRIAN SMASNE REGIONAL HOME LOAN AVP 50.00 X 243963 27 41939 3178973 378 1366791 55 0 1 0 FISERV 75 REMITTANCE DR SUITE 6942 CHICAGO IL 60675 DATA PROCESSING PROVIDER 2966954 BANLIN CONSTRUCTION 320 W COLUMBIA DR KENNEWICK WA 99336 CONSTRUCTION 2053105 DIEBOLD PO BOX 643543 PITTSBURGH PA 15264 SECURITY MAINTENANCE 1273846 AVTEX SOLUTIONS LLC PO BOX 856660 MINNEAPOLIS MN 55485 MAINTENANCE SUPPORT SERVICES 702132 PS MEDIA 7303 W CANAL DR SUITE A-102 KENNEWICK WA 99336 MARKETING SERVICES 662481 56 LOAN INTEREST 522100 112451384 112451384 FEES & CHARGES INCOME 522100 18994891 18872800 122091 OTHER INCOME 522100 12881991 12881991 VISA/DEBIT CARD INCOME 522100 4847119 4130862 716257 149175385 8572230 8572230 516607 0 516607 516607 516607 21711 24146 -2435 -2435 -2435 158261787 148337037 838348 9086402 42275 2854857 32035939 2989962 4332644 2959829 353249 236738 6242742 4316577 12712446 2700156 1455328 44901 22857532 7854078 337696 UBI TAXES 90374 PROVISION FOR LOAN LOSS 17964855 CREDIT/COLLECTION COSTS 5276074 FRAUD EXPENSE 1003754 889448 129551454 125374958 247724700 62978353 59753124 3087540 35661101 1708924147 2886261089 15236859 17725524 161418033 54488766 71365786 106929267 34421390 215012017 375010 375010 37445909 115138608 2059209952 3684580440 142581405 147144612 1206838 1781511 509674 717419 1724347484 3132178683 1868645401 3281822225 X 0 0 0 0 190564551 402758215 190564551 402758215 2059209952 3684580440 X 28710333 2757810 180725521 X 0 0 0 0 1 X 16871988 16871988 85895822 15698830 70196992 993007 135571 857436 54342680 38654365 15688315 3314536 3314536 106929267 GOVERNMENT AGENCY DEBENTURE NOTES AND BONDS 2346442 C INVESTMENTS AVAILABLE FOR SALE 168058825 F MORTGAGE BACKED SECURITIES 8491488 C GOVERNMENT OBLIGATIONS 30277145 C BENEFIT INVESTMENT 5838117 C 215012017 MEMBER DEPOSITS AND ACCOUNTS 3132178683 3132178683 PART IV, LINE 2B: GESA MAINTAINS FIRST MORTGAGE ESCROWS IN A LIABILITY ACCOUNT ON THE BALANCE SHEET AND MAKES NECESSARY PAYMENTS FROM THIS ACCOUNT. 1 COLLEGE SCHOLARSHIPS 19 42275 PART I, LINE 2: PAYMENT OF SCHOLARSHIP AWARDS IS MADE DIRECTLY TO A COLLEGE OR UNIVERSITY UPON VERIFICATION OF THE RECIPIENT'S ENROLLMENT. FAILURE TO MAINTAIN FULL TIME STATUS AT SCHOOL WILL RESULT IN THE CANCELLATION OF SCHOLARSHIPS AND ALL UNUSED FUNDS ARE RETURNED TO GESA CREDIT UNION. THE ORGANIZATION KEEPS RECEIPTS, HOWEVER, THE ORGANIZATION DOES NOT HAVE A PROCESS IN PLACE TO TRACK THE ELIGIBILITY FOR DONATIONS OTHER THAN THAT THE DONATIONS ARE TO REPUTABLE ORGANIZATIONS. X 1 1 X X 0 1 0 DON C MILLER PRESIDENT/CEO 536539 18 106500 0 43356 0 512403 0 14058 0 1212856 18 1212856 0 RAJESH BANDARU CHIEF INFORMATION OFFICER 293116 19 35428 0 11967 0 224082 0 9758 0 574351 19 574351 0 RICHARD WADDLE SVP OF FINANCE/MARKETING 247539 20 27864 0 11780 0 184704 0 14058 0 485945 20 485945 0 BRETT JORGENSON CHIEF LENDING OFFICER (THRU 08/2019) 147865 21 32569 0 42455 0 26062 0 15240 0 264191 21 272622 0 SCOTT ADKINS CHIEF LENDING OFFICER 221477 22 0 0 893 0 19961 0 10462 0 252793 22 252793 0 MICHAEL POIRIER HOME LOAN OFFICER 44314 23 263855 0 3222 0 49830 0 228 0 361449 23 361449 0 RANDY WACKER VP OF MORTGAGE LENDING 167517 24 95452 0 11474 0 59057 0 5319 0 338819 24 338819 0 BENJAMIN RUTLEDGE VP COMMERCIAL SERVICES 193443 25 22627 0 10440 0 87141 0 13298 0 326949 25 326949 0 MEL CALLOWAY VP RETAIL SALES & SERVICE 199885 26 24140 0 9212 0 78561 0 630 0 312428 26 312428 0 ADRIAN SMASNE REGIONAL HOME LOAN AVP 103693 27 139072 0 1198 0 40970 0 969 0 285902 27 285902 0 PART I, LINE 1A ALL BOARD MEMBERS RECEIVED 1099S FOR TRAVEL EXPENSES FOR COMPANIONS. PART I, LINE 4B DON MILLER, PRESIDENT/CEO, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2019 WAS $416,456. RICHARD WADDLE, SVP OF FINANCE/MARKETING, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2019 WAS $131,848. RAJESH BANDARU, CIO, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2019 WAS $164,934. MEL CALLOWAY, VP RETAIL SALES & SERVICES, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2019 WAS $34,929. BENJAMIN RUTLEDGE, VP COMMERCIAL SERVICES, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2019 WAS $57,288. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS COMPOSED OF ONE CLASS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERS ELECT MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE SENIOR ACCOUNTING SPECIALIST AND THE SVP OF FINANCE & MARKETING REVIEW THE CREDIT UNION'S FORM 990 AND THEN PRESENT TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. EACH EMPLOYEE HAS THE RESPONSIBILITY FOR DEMONSTRATING THEIR COMPLIANCE WITH THIS POLICY, AND ALL POTENTIAL EMPLOYEES WILL REVIEW AND SIGN THIS POLICY BEFORE CONSIDERATION FOR EMPLOYMENT. THE CONFLICT OF INTEREST POLICY IS MONITORED DURING BOARD MEETINGS. BOARD CONFLICT DECLARATION AND POLICY ADHERENCE IS DOCUMENTED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A THE CREDIT UNION'S PROCEDURES FOR DETERMINING COMPENSATION OF THE CEO INCLUDE COMPENSATION SURVEYS AND APPROVAL BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 18 FORMS 1024, 990 AND 990-T ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME -3,973,979. EQUITY ACQUIRED IN MERGER 184,699,500.