2025-11-17T16:39:50-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2024-01-01 910440744 CREDIT UNIONS IN THE STATE OF WASHINGTON PEAK CREDIT UNION CRED 8002583115 PO BOX 718 OLYMPIA WA 98507 KIMBERLY STEEPY CFO 8002583115 2025-11-16 1 0 LISA N RYSSEL CPA P00643670 7149781300 2025-11-16 2024 2025-03-06 01:10:19Z X TWINSTAR CREDIT UNION DAVID TUYO PO BOX 718 OLYMPIA WA 98507 318713080 0 X WWW.TWINSTARCU.COM X 1937 WA INVEST IN PEOPLE, CHAMPION SUCCESS! 12 12 984 21 485218 0 0 0 216211648 297205766 21407516 21246134 31825 185100 237650989 318637000 1152325 1657467 38251035 59677766 69692412 106289853 0 0 0 96265424 124744452 205361196 292369538 32289793 26267462 4200889028 4269782992 3814489065 3855979964 386399963 413803028 X INVEST IN PEOPLE, CHAMPION SUCCESS. WE BUILD COMMUNITIES WHERE ALL FEEL FINANCIALLY SECURE AND EMPOWERED TO REACH THEIR DREAMS. 0 0 WITH THE COMBINED STRENGTH OF TWINSTAR CREDIT UNION AND NORTHWEST CREDIT UNION (TO NOW BE KNOWN AS PEAK CREDIT UNION), OUR MISSION IS TO INVEST IN PEOPLE AND CHAMPION SUCCESS. WE LOOK TO HELPING OUR MEMBERS AND BUILD COMMUNITIES WHERE ALL FEEL FINANCIALLY SECURE AND EMPOWERED TO REACH THEIR DREAMS. WE PROVIDE EVERYONE WITH ACCESS TO FINANCIAL EMPOWERMENT AND INDEPENDENCE.SHARE ACCOUNTS: TWINSTAR SAVINGS ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. TWINSTAR HAD 261,393 MEMBERS ON DECEMBER 31, 2024. 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 MOTORCYCLES. 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, BUSINESS LOANS AND STUDENT LOAN REFINANCE. WE OFFER AND ACTIVELY SELL TO OUR MEMBERS DIFFERENT KINDS OF INSURANCE: HOMEOWNERS, CONDO, RENTERS, TRAVEL, TRAILERS, RV, AUTO, MOTORCYCLE, WATERCRAFT, MOBILE/MANUFACTURED HOMES, ATVS, UMBRELLA, PERSONAL EXCESS POLICIES, EARTHQUAKE, FLOOD, COMMERCIAL AUTO AND SMALL BUSINESS LOANS. 0 0 1 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 104591 0 1 984 1 1 1 0 0 0 0 0 1 0 X 12 12 0 0 1 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X KIMBERLY STEEPY 8002583115 PO BOX 718 OLYMPIA WA 98507 DAVID RAINWATER CHAIR (UNTIL 3/27/2024) 1.00 0.00 X 14088 0 0 THOMAS PETTUS-CZAR CHAIR (EFFECTIVE 3/27/2024) 1.00 0.00 X X 15015 0 0 RON HASTIE VICE CHAIR (UNTIL 3/27/2024) 1.00 0.00 X 13658 0 0 KIM MARTIN VICE CHAIR (EFFECTIVE 3/27/2024) 1.00 0.00 X X 13183 0 0 MARK NEARY SECRETARY (EFFECTIVE 3/27/2024) 1.00 0.00 X X 12598 0 0 JON RUIZ AT LARGE 1.00 0.00 X 14053 0 0 BRAD ANDERSON DIRECTOR 1.00 0.00 X 10255 0 0 BARBARA BLACKMORE DIRECTOR 1.00 0.00 X 10302 0 0 DONNA FELICIANO DIRECTOR 1.00 0.00 X 12873 0 0 BRIAN HURLEY DIRECTOR 1.00 0.00 X 12261 0 0 JENA MILLER DIRECTOR 1.00 0.00 X 16871 0 0 DARCY PHILLIPS DIRECTOR (EFFECTIVE 6/26/2024) 1.00 0.00 X 7500 0 0 GAYLA GJERTSEN DIRECTOR 1.00 0.00 X 5468 0 0 RICHARD LEUNG DIRECTOR 1.00 0.00 X 5931 0 0 JEFF KENNEDY CEO/TREASURER 40.00 0.30 X 5897502 0 66064 JOHN IGLESIAS PRESIDENT 40.00 0.00 X 3225161 0 58840 KIMBERLY STEEPY CHIEF FINANCIAL OFFICER 40.00 0.30 X 437430 0 64774 KYNDAL HARRIS CHIEF EXPERIENCE OFFICER 40.00 0.00 X 332728 0 7013 TAMMY TEETER CHIEF ADMINISTRATIVE OFFICER 40.00 0.00 X 366994 0 63541 CHERYL CROW CHIEF REVENUE OFFICER 40.00 0.00 X 418611 0 59311 KENNETH MYHRA CHIEF DIGITAL & PAYMENTS OFFICER 40.00 0.00 X 395075 0 61919 ALAN PITCHER CHIEF INFORMATION OFFICER 40.00 0.00 X 403282 0 43373 KENNETH KENDO SANTOS CHIEF RISK OFFICER 40.00 0.00 X 364325 0 51056 JEFFREY YODER CHIEF ACCOUNTING OFFICER 40.00 0.00 X 366759 0 56210 DEBRA GILDNER VP OF ACCOUNTING & FINANCE 40.00 0.00 X 288047 0 61361 PATRICE KRUGER VP OF CHANNEL SERVICES 40.00 0.00 X 288009 0 59037 RACARDO MCLAUGHLIN VP OF MORTGAGE LENDING 40.00 0.00 X 300361 0 59319 JAMIE MULLENIX VP OF ORGANIZATIONAL DEVELOPMENT 40.00 0.00 X 244900 0 48371 CASEY RIES VP OF INTERNAL AUDIT 40.00 0.00 X 284426 0 44207 DIANE SOKOLIK VP OF CONSUMER LENDING 40.00 0.00 X 244399 0 54778 SHERWIN WRAY VP OF INVESTMENT SERVICES 40.00 0.00 X 261903 0 38351 JENNIFER ADAMS VP OF PEOPLE & CULTURE 40.00 0.00 X 265949 0 47128 TERRY HAGIO VP OF TECHNOLOGY SERVICES & SOLUTIONS 40.00 0.00 X 292740 0 49697 MATTHEW WADE VP OF RESIDENTIAL LENDING 40.00 0.00 X 280534 0 48870 GEORGE WILLIAMS VP OF TECH OPERATIONS & INFORMATION SECURITY 40.00 0.00 X 276865 0 55294 AARON PALMER CHIEF REVENUE OFFICER 40.00 0.00 X 609568 0 58821 LAURIE KRESL VP OF MARKETING 40.00 1.00 X 261715 0 37153 KATE LANGE SENIOR INVESTMENT SERVICES ADVISOR 40.00 0.00 X 289792 0 56890 TODD DIETMEYER SENIOR INVESTMENT SERVICES ADVISOR 40.00 0.00 X 283520 0 45745 CANDICE INSKEEP DIRECTOR OF BUSINESS SERVICES 40.00 0.00 X 260953 0 57330 LOREN CAMP FINANCIAL ADVISOR 40.00 0.00 X 249362 0 53028 MICHELLE LYNN VP OF RISK MANAGEMENT 40.00 0.00 X 253417 0 38342 17608383 0 1445823 244 0 1 0 FISERV 225 FISERV DRIVE BROOKFIELD WI 53045 FINANCIAL SERVICES TECHNOLOGY 6045404 NARMI INC PO BOX 231517 NEW YORK NY 10023 ELECTRONIC BANKING SERVICES 3030140 Q2 SOFTWARE INC PO BOX 205970 DALLAS TX 753205970 ELECTRONIC BANKING SERVICES 2442671 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 FINANCIAL SERVICES TECHNOLOGY 1829667 UPSTART NETWORK INC 2950 S DELAWARE ST STE 300 SAN MATEO CA 94403 LOAN SERVICES 1497828 107 INTEREST ON LOANS 522100 239505942 239505942 SERVICE CHARGES AND FEES 522100 29213666 29207682 5984 VISA/INTERCHANGE INCOME 522100 25348164 25101967 246197 OTHER NONINTEREST INCOME 522100 1931692 1698655 233037 LOAN SALES AND SERVICING INCOME 522100 1206302 1206302 297205766 21299113 21299113 197431 12331 185100 185100 185100 10770 63749 -52979 -52979 -52979 318637000 296720548 485218 21431234 1579867 77600 59677766 17465827 65709865 4752050 11737947 6624164 388731 336654 7060317 1051352 4337102 12204763 5487025 1619799 807535 13241330 2642723 6880215 761270 PROVISION FOR LOAN LOSS 36654875 MEMBER SERVICES 21052343 LOAN SERVICING EXPENSES 5535825 OTHER EXPENSES 4502257 180336 292369538 146100369 40332309 94692598 156725151 4678190 1154627 3218683505 3246158352 9313819 13000261 130542404 58125870 74885790 72416534 385604937 349985694 23594189 44931588 131420142 128219299 111915489 216859177 4200889028 4269782992 48039358 38492901 3906464 4383465 305000000 185187615 3457543243 3627915983 3814489065 3855979964 X 0 0 0 0 386399963 413803028 386399963 413803028 4200889028 4269782992 26267462 2297356 -1161753 0 X X 0 1 X 1 0 41483 0 0 41483 41483 1 GOWEST CREDIT UNION ASSOCIATION 18000 INTERNATIONAL BLVD STE 350 SEATAC WA 98188 910460483 41483 PART I-A, LINE 1: CONTRIBUTION TO POLITICAL ORGANIZATION 0 1 X 18265481 18265481 73475163 30297414 43177749 3994466 1890204 2104262 34807294 25938252 8869042 72416534 ACCRUED INTEREST 13448294 NCUA SHARE INSURANCE DEPOSIT 32411074 LIFE INSURANCE POLICIES 59042314 FORECLOSED AND REPOSSESSED ASSETS 1176701 LOAN SERVICING 5159525 457B ASSETS 797249 OTHER ASSETS 100618931 OPERATING LEASE RIGHT OF USE ASSET 4205089 216859177 MEMBERS' SHARE AND SAVINGS ACCOUNTS 3623005817 DEFERRED COMPENSATION LIABILITIES 1152829 LEASE LIABILITY 3757337 3627915983 X PART IV, LINE 2B: CUSTODIAL ESCROW BALANCES MAINTAINED IN CONNECTION WITH LOAN SERVICING. 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'S CUSOS FILE THEIR FEDERAL AND STATE TAX RETURNS, WHICH RESULTED IN NO MATERIAL TAXES PAID. THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2024. THE CREDIT UNION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS A NONINTEREST EXPENSE. DURING THE YEAR ENDED DECEMBER 31, 2024, THE CREDIT UNION RECOGNIZED NO INTEREST AND PENALTIES. 1 ONALASKA SCHOOL DISTRICT PO BOX 279 ONALASKA WA 98570 911118818 GOVT 7000 0 COMMUNITY MOVEMENT SPONSORSHIP OFFICE OF THE SECRETARY OF STATE PO BOX 40224 OLYMPIA WA 985040224 916001106 GOVT 10000 0 STRONG KIDS CAMPAIGN/EMERGING LEADERSHIP DONATION WEST ALBANY HIGH SCHOOL 2100 SW ELM ST ALBANY OR 97321 930881300 GOVT 5902 0 PROJECT COMMUNITY SPONSORSHIP THURSTON COUNTY CHAMBER OF COMMERCE 809 LEGION WAY SE OLYMPIA WA 98501 910346205 501C6 7000 0 CHAMPION SPONSORSHIP ASIAN AMERICAN COUNCIL OF OREGON PO BOX 51117 EUGENE OR 97405 930955254 501C4 10000 0 GIVE LOCAL/SPONSORSHIP BOYS & GIRLS CLUB OF THURSTON COUNTY 2102 CARRIAGE DRIVE SW OLYMPIA WA 98502 912124629 501C3 10000 0 CULTURE/ARTS SPONSORSHIP EUGENE PUBLIC LIBRARY FOUNDATION 100 W 10TH AVE STE 317 EUGENE OR 97401 930873279 501C3 10000 0 SPONSORSHIP/DONATION OSLC DEVELOPMENTS INC 10 SHELTON MCMURPHEY BLVD EUGENE OR 97401 260423551 501C3 10000 0 SPONSORSHIP/DONATION RONALD MCDONALD HOUSE CHARITIES OF OR AND SW WA PO BOX 4900 UNIT 28 PORTLAND OR 972084900 930806912 501C3 15000 0 STUDENT WELCOME DONATION POLICE ACTIVITIES LEAGUE 605 E EVERGREEN BLVD VANCOUVER WA 98661 912072283 501C3 6500 0 ANNUAL SUPPORT/YOUTH PROGRAMS TOGETHER 1520 IRVING ST SW STE A TUMWATER WA 98512 911465778 501C3 9000 0 COMBINED FUND DRIVE LANE COMMUNITY COLLEGE FOUNDATION 4000 E 30TH AVE EUGENE OR 97405 237113266 501C3 7500 0 MENTORING PROGRAM SPONSORSHIP OLYMPIA FAMILY THEATER 612 4TH AVE E OLYMPIA WA 98501 830465459 501C3 10000 0 SPONSORSHIP/DONATION SOUTH SOUND YMCA 2102 CARRIAGE DRIVE OLYMPIA WA 98502 910586473 501C3 10000 0 CLUB SUPPORT/DONATION UNITED WAY OF THURSTON COUNTY 3525 7TH AVE SW STE 201 OLYMPIA WA 98502 910713462 501C3 10000 0 ARTS SPONSORSHIP/DONATION COMMUNITY FOUNDATION OF SO PUGET SOUND 212 UNION AVE SE STE 102 OLYMPIA WA 985011302 943121390 501C3 12500 0 HEARTS FOR HOPE SPONSORSHIP SAINT MARTIN'S UNIVERSITY 5300 PACIFIC AVE SE LACEY WA 98503 910564993 501C3 37500 0 ATHLETICS SPONSORSHIP; BUS LEADERSHIP DONATION SPSCC FOUNDATION 2011 MOTTMAN RD SW OLYMPIA WA 98512 911174940 501C3 38500 0 SCHOLARS FUND GOWEST CREDIT UNION FOUNDATION 18000 INTERNATIONAL BLVD STE 1102 SEATAC WA 98188 911649328 501C3 45000 0 CU FOR KIDS DONATION ASIA PACIFIC CULTURAL CENTER 3513 EAST PORTLAND AVE TACOMA WA 98404 911854410 501C3 10000 0 CORNERSTONE SPONSORSHIP TWINSTAR COMMUNITY FOUNDATION 4501 INTELCO LP SE LACEY WA 98503 371768613 501C3 341075 0 COLLEGE/HIGHER ED SCHOLARSHIPS/CLASSROOM ASSISTANCE 19 2 VOICES OF CHILDREN CONTEST 11 2000 SCHOLARSHIP AWARDS 45 75300 FINANCIAL FITNESS PROGRAM AWARDS 3 300 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 MADE PAYABLE DIRECTLY 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. TWINSTAR MONITORS THE USE OF OUR GIVING THROUGH EMPLOYEE INVOLVEMENT IN SPONSORED EVENTS, FOLLOW-UP INTERVIEWS WITH EXECUTIVES, AND ON-SITE VISITS TO OUR NON-PROFIT PARTNERS. X 1 1 X X X 1 1 0 JEFF KENNEDY CEO/TREASURER 796585 0 352418 0 4748499 0 64625 0 1439 0 5963566 0 4687296 0 JOHN IGLESIAS PRESIDENT 178295 0 236719 0 2810147 0 58205 0 635 0 3284001 0 1000000 0 AARON PALMER CHIEF REVENUE OFFICER 62333 0 71177 0 476058 0 57125 0 1696 0 668389 0 450000 0 KIMBERLY STEEPY CHIEF FINANCIAL OFFICER 339045 0 74899 0 23486 0 59682 0 5092 0 502204 0 0 0 CHERYL CROW CHIEF REVENUE OFFICER 334224 0 71746 0 12641 0 57375 0 1936 0 477922 0 0 0 KENNETH MYHRA CHIEF DIGITAL & PAYMENTS OFFICER 309242 0 80742 0 5091 0 60479 0 1440 0 456994 0 0 0 ALAN PITCHER CHIEF INFORMATION OFFICER 315737 0 78618 0 8927 0 41437 0 1936 0 446655 0 0 0 TAMMY TEETER CHIEF ADMINISTRATIVE OFFICER 281964 0 63959 0 21071 0 58390 0 5151 0 430535 0 0 0 JEFFREY YODER CHIEF ACCOUNTING OFFICER 254863 0 73142 0 38754 0 52518 0 3692 0 422969 0 0 0 KENNETH KENDO SANTOS CHIEF RISK OFFICER 291366 0 65890 0 7069 0 50265 0 791 0 415381 0 0 0 RACARDO MCLAUGHLIN VP OF MORTGAGE LENDING 264759 0 29841 0 5761 0 57815 0 1504 0 359680 0 0 0 DEBRA GILDNER VP OF ACCOUNTING & FINANCE 256441 0 30163 0 1443 0 57410 0 3951 0 349408 0 0 0 PATRICE KRUGER VP OF CHANNEL SERVICES 255579 0 30745 0 1685 0 54422 0 4615 0 347046 0 0 0 KATE LANGE SENIOR INVESTMENT SERVICES ADVISOR 75404 0 213099 0 1289 0 55333 0 1557 0 346682 0 0 0 TERRY HAGIO VP OF TECHNOLOGY SERVICES & SOLUTION 255309 0 36751 0 680 0 48270 0 1427 0 342437 0 0 0 KYNDAL HARRIS CHIEF EXPERIENCE OFFICER 321066 0 1428 0 10234 0 5062 0 1951 0 339741 0 0 0 GEORGE WILLIAMS VP OF TECH OPERATIONS & INFORMATION 242652 0 32939 0 1274 0 53358 0 1936 0 332159 0 0 0 MATTHEW WADE VP OF RESIDENTIAL LENDING 240427 0 39193 0 914 0 46518 0 2352 0 329404 0 0 0 TODD DIETMEYER SENIOR INVESTMENT SERVICES ADVISOR 127091 0 155833 0 596 0 43664 0 2081 0 329265 0 0 0 CASEY RIES VP OF INTERNAL AUDIT 255795 0 26568 0 2063 0 42800 0 1407 0 328633 0 0 0 CANDICE INSKEEP DIRECTOR OF BUSINESS SERVICES 146227 0 113797 0 929 0 53957 0 3373 0 318283 0 0 0 JENNIFER ADAMS VP OF PEOPLE & CULTURE 237603 0 27666 0 680 0 45198 0 1930 0 313077 0 0 0 LOREN CAMP FINANCIAL ADVISOR 77427 0 171078 0 857 0 52033 0 995 0 302390 0 0 0 SHERWIN WRAY VP OF INVESTMENT SERVICES 226630 0 25596 0 9677 0 36404 0 1947 0 300254 0 0 0 DIANE SOKOLIK VP OF CONSUMER LENDING 212696 0 30239 0 1464 0 51627 0 3151 0 299177 0 0 0 LAURIE KRESL VP OF MARKETING 208681 0 29081 0 23953 0 35738 0 1415 0 298868 0 0 0 JAMIE MULLENIX VP OF ORGANIZATIONAL DEVELOPMENT 212941 0 28177 0 3782 0 45641 0 2730 0 293271 0 0 0 MICHELLE LYNN VP OF RISK MANAGEMENT 219826 0 25996 0 7595 0 36937 0 1405 0 291759 0 0 0 PART I, LINE 1A TRAVEL EXPENSES FOR GUESTS OF OFFICERS, DIRECTORS AND KEY EMPLOYEES WILL BE PAID BY THE CREDIT UNION AND ARE INCLUDED IN THE BUDGET. A 1099-MISC FORM IS ISSUED TO ELECTED OFFICIALS (BOARD MEMBERS AND SUPERVISORY COMMITTEE MEMBERS) PROVIDED THE REPORTING THRESHOLD IS MET. PART I, LINES 4A-B THE FOLLOWING EMPLOYEES RECEIVED A SEVERANCE PAYMENT FROM THE CREDIT UNION UPON RESIGNATION IN 2024: JOHN IGLESIAS $1,743,750 DEFERRED COMPENSATION PLAN [SECTION 457(F)] - THE CREDIT UNION HAS ENTERED INTO 457(F) DEFERRED COMPENSATION AGREEMENTS WITH CERTAIN SENIOR EXECUTIVES. THE FOLLOWING PARTICIPATED IN THE 457(F) NON-QUALIFIED RETIREMENT PLAN: JOHN IGLESIAS - NO 457F CONTRIBUTION FOR 2024, $1,000,000 457F DISTRIBUTION JEFF KENNEDY - NO 457F CONTRIBUTION FOR 2024, $4,805,205 457F DISTRIBUTION AARON PALMER - NO 457F CONTRIBUTION FOR 2024, $450,000 457F DISTRIBUTION KIM STEEPY - $94,973 457F CONTRIBUTION FOR 2024, NO DISTRIBUTION ALAN PITCHER - $143,078 457F CONTRIBUTION FOR 2024, NO DISTRIBUTION CHERYL CROW - $117,529 457F CONTRIBUTION FOR 2024, NO DISTRIBUTION FORM 990, PART VI, SECTION A, LINE 1A UNLESS OTHERWISE CHANGED BY THE BOARD BY RESOLUTION, THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE BOARD CHAIR, VICE CHAIR, SECRETARY, TWO (2) AT-LARGE OFFICERS AND THE CHIEF EXECUTIVE OFFICER (CEO). THE CEO SHALL SERVE AS THE TREASURER, A NON-VOTING MEMBER. THE PRESIDENT SHALL ATTEND EXECUTIVE COMMITTEE MEETINGS. A BOARD MEMBER HAVING SERVED AS A PAST BOARD CHAIR MAY BE APPOINTED AS AN EX OFFICIO, NON-VOTING MEMBER. 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 THE 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 4 THE FOLLOWING CHANGES WERE MADE TO THE ORGANIZATION'S BYLAWS DURING 2024: -CHANGED THE TERM OF BOARD MEMBERS. DIRECTORS MAY NOW SERVE A LIMIT OF UP TO FOUR CONSECUTIVE 3-YEAR TERMS. -CHANGED THE TERM OF SUPERVISORY COMMITTEE MEMBERS. SUPERVISORY COMMITTEE MEMBERS MAY SERVE UP TO FOUR CONSECUTIVE 3-YEAR TERMS. 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 AND IN BENTON, CLACKAMAS, COOS, CROOK, DESCHUTES, DOUGLAS, JACKSON, JEFFERSON, JOSEPHINE, KLAMATH, LANE, LINN, MARION, MULTNOMAH, 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 FORM 990 IS REVIEWED BY THE CFO, CAO AND VP/FIN-ACCTG. A COPY WILL BE PRESENTED TO THE BOARD OF DIRECTORS AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C ELECTED OFFICIALS, VOLUNTEERS AND ALL CREDIT UNION EMPLOYEES ARE BOUND BY THE CREDIT UNION'S POLICIES/PROCEDURES ON CODE OF ETHICS AND STANDARDS OF BUSINESS CONDUCT. ALL REASONABLE STEPS MUST BE TAKEN TO AVOID CONFLICTS OF INTERESTS OR THE APPEARANCE OF IMPROPRIETY OR A CONFLICT BY CEASING THE ACTIVITY OR TERMINATING THE RELATIONSHIP CREATING THE CONFLICT. CONDUCT NOT IN ACCORDANCE WITH THESE POLICIES CONSTITUTES GROUNDS FOR DISQUALIFICATION TO SERVE, DISCIPLINARY ACTION, SUSPENSIONS OR REMOVAL AS PERMITTED BY LAW FOR ELECTED OFFICIALS/VOLUNTEERS. DISCIPLINARY MEASURES FOR EMPLOYEES MAY BE INVOKED BY THE CEO THAT INCLUDE BUT NOT LIMITED TO, COUNSELLING, WARNINGS, ORAL OR WRITTEN REPRIMANDS, SUSPENSION OR TERMINATION CONSISTENT WITH THE CREDIT UNION'S "EMPLOYMENT AT WILL" POLICY. DISCLOSURE RESPONSIBILITY RESTS ON EACH ELECTED OFFICIAL, VOLUNTEER AND EMPLOYEE. AN ACKNOWLEDGEMENT AND AGREEMENT IS SIGNED ANNUALLY. 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. THESE PROCESSES NOTED ABOVE WERE PERFORMED IN CALENDAR 2024. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. THE PARAGON CONSULTING GROUP FKA FULCRUM CONSULTING LLC PO BOX 7518 OLYMPIA WA 985077518 260473592 CONSULTING WA 163629 1912689 PEAK CREDIT UNION TWINSTAR COMMUNITY FOUNDATION 4501 INTELCO LOOP SE LACEY WA 98503 371768613 FOUNDATION WA 501(C)(3) PF PEAK CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 TWINSTAR COMMUNITY FOUNDATION B 341075 CASH