2019-11-13T15:34:56-06:00 2018-12-31 910189318 MOSS ADAMS LLP 2707 COLBY AVENUE SUITE 801 EVERETT WA 98201 990 2018-01-01 910333066 KITSAP CREDIT UNION KITS 3606622000 PO BOX 990 BREMERTON WA 98337 BRADLEY MILLER SVP/CFO 3606622000 2019-11-12 1 COLLEEN RAMIRES P01251320 4252597227 2019-11-12 12.129.4.211 2019-11-12 15:15:50 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 92E4E1887166A1A95AEA2354EF277E907B8DEB06 2018 2020-01-14 16:20:31Z SHAWN GILFEDDER PO BOX 990 BREMERTON WA 98337 66096114 0 X WWW.KITSAPCU.ORG X 1934 WA A NOT-FOR-PROFIT FINANCIAL COOPERATIVE OFFERING CHECKING, SAVINGS AND LENDING PROGRAMS AND RELATED SERVICES TO MEMBERS WHO LIVE, WORK, OR WORSHIP IN THE STATE OF WASHINGTON. KITSAP CREDIT UNION (KCU) ALSO PROVIDES FINANCIAL LITERACY PROGRAMS AND IS ACTIVELY INVOLVED IN COMMUNITY OUTREACH PROGRAMS." 9 9 328 15 912199 85362 0 0 55199549 62642309 3255325 2792522 0 0 58454874 65434831 55985 185264 0 0 18499820 20048157 0 0 0 30772394 34486478 49328199 54719899 9126675 10714932 1177997186 1254472738 1055250642 1121966550 122746544 132506188 TO OFFER CHECKING, SAVINGS, AND LENDING PROGRAMS TO MEMBERS WHO LIVE, WORK, AND WORSHIP IN THE STATE OF WASHINGTON. KCU ALSO PROVIDES FINANCIAL LITERACY PROGRAMS AND IS ACTIVELY INVOLVED IN COMMUNITY OUTREACH PROGRAMS. 0 0 SECURED AND UNSECURED LOANS ISSUED TO CREDIT UNION MEMBERS, AS RELATED TO THE EXEMPT PURPOSE OF KCU. THE TYPES OF LOANS ISSUED INCLUDE DIRECT AND INDIRECT VEHICLE LOANS, VISA'S, HOME EQUITY LOANS, AND MORTGAGE LOANS. SAVINGS PROGRAMS THAT ARE PROVIDED TO CREDIT UNION MEMBERS, AS RELATED TO THE EXEMPT PURPOSE OF KCU. THE TYPES OF ACCOUNTS OFFERED ARE CHECKING, MONEY MARKET ACCOUNTS, IRA ACCOUNTS, REGULAR SAVINGS, AND CERTIFICATES. COMMUNITY INVOLVEMENT INCLUDING DONATION OF STAFF TIME IN THE COMMUNITY. KCU ALSO OFFERS MANY FINANCIAL LITERACY CLASSES FOR CHILDREN AND ADULTS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23864 0 1 328 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BRADLEY MILLER 3606622120 PO BOX 990 BREMERTON WA 98337 JIM ROWSON CHAIR 8.00 X X 18750 0 0 SUSAN BAKER VICE CHAIR 5.00 X X 14567 0 0 TONY BOLANDER SECRETARY 5.00 X X 11250 0 0 BOB PODRAT DIRECTOR & COMMITTEE CHAIR 8.00 X 15000 0 0 DOUG LUPTON DIRECTOR & COMMITTEE CHAIR 8.00 X 3750 0 0 PETE SCHLICHER DIRECTOR & COMMITTEE CHAIR 8.00 X 15835 0 0 VICKI GAMBRELL DIRECTOR 5.00 X 11250 0 0 WENDIE JOHNSON DIRECTOR 5.00 X 11250 0 0 CAROLYN MAXON DIRECTOR 5.00 X 11789 0 0 ELLIOT GREGG PRESIDENT/CEO (THROUGH 09/18) 50.00 X 651798 0 42755 SHAWN GILFEDDER PRESIDENT/CEO (FROM 10/18) 50.00 X 177923 0 53 KELLIE LETEXIER SVP/COO 50.00 X 353896 0 102399 BRADLEY MILLER SVP/CFO 50.00 X 326870 0 70785 ANTHONY BULLERI SVP/CLO 50.00 X 264743 0 76046 COLIN MORRISON SVP/CIO 50.00 X 257169 0 87051 LEAH OLSON VP MARKETING 40.00 X 125450 0 15584 MELINDA ANTHONY VP LENDING SERVICES 40.00 X 126766 0 18326 PAUL NELSON REGISTERED REPRESENTATIVE 40.00 X 166072 0 21998 AUDRA TRAINER ACCOUNTING MANAGER 40.00 X 117614 0 15271 WANDA NORMAN PROJECT MANAGEMENT MANAGER 40.00 X 114314 0 16189 2796056 0 466457 15 0 1 0 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 ONLINE BANKING/BILL PAY SERVICE 2185554 GIBSON MEDIA INC 108 S WASHINGTON ST SUITE 104 SEATTLE WA 98104 ADVERTISING/CONSULTING 1327992 VISA PO BOX 742233 LOS ANGELES CA 90074 PLASTIC CARD DATA PROCESSING SERVICE 1140185 MERIT CONSTRUCTION NORTHWEST 3020 SOUTH 96TH ST LAKEWOOD WA 98499 CONSTRUCTION/BRANCH REMODELS 816236 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 CONSULTING/CORE SYSTEM 815466 26 INTEREST ON LOANS 522130 45777164 45777164 INTERCHANGE INCOME 522130 7910183 7910183 FEE INCOME 522130 6733266 6733266 OTHER INCOME 522130 2221696 1309497 912199 62642309 2830499 2830499 623306 661283 -37977 -37977 -37977 65434831 61730110 912199 2792522 185264 2524929 13213152 877278 2171746 1261052 21577 209936 2118662 1991129 4350792 3428271 2109346 393479 3696971 1895935 408879 LOAN PROVISION 7042929 DEBIT CARD EXPENSES 2336755 LOAN EXPENSES 1632345 2849472 54719899 23062328 24942935 37196482 44925846 20908416 21514645 905766364 998300470 5493844 5172380 56124055 21470699 33673952 34653356 131471162 106357840 4987572 2673757 410306 352739 15026760 15578770 1177997186 1254472738 14923736 11778307 166370 131921 395308 370811 1039765228 1109685511 1055250642 1121966550 X 0 0 0 0 122746544 132506188 122746544 132506188 1177997186 1254472738 10714932 -955288 0 X 0 0 0 0 1 X 6255035 6255035 33293118 9417208 23875910 4354408 2973892 1380516 11707355 9071072 2636283 514139 8527 505612 34653356 MEMBER SHARES & DEPOSITS 1109685511 1109685511 PART IV, LINE 2B: ESCROW SHARES ARE USED TO PAY PROPERTY TAXES AND INSURANCE FOR MEMBERS WITH REAL ESTATE LOANS. 0 KITSAP COMMUNITY FOUNDATION PO BOX 3670 SILVERDALE WA 98383 943205217 501(C)(3) 10000 2018 KITSAP GREAT GIVE LEAD SPONSORSHIP KITSAP ECONOMIC DEVELOPMENT ALLIANCE 2021 NW MYHRE RD STE 100 SILVERDALE WA 98383 911335188 501(C)(6) 10000 PARTNER INVESTMENTS 2018 BREMERTON CHAMBER OF COMMERCE 286 4TH STREET BREMERTON WA 98337 910153620 501(C)(6) 7500 ANNUAL AAF/ARMED FORCES SPONSORSHIP CENTRAL KITSAP SCHOOL DISTRICT PO BOX 8 SILVERDALE WA 98383 911316091 SCHOOL DISTRICT 100000 ATHLETIC COMPLEX SPONSORSHIP GIG HARBOR CHAMBER OF COMMERCE PO BOX 102 GIG HARBOR WA 98335 911124614 501(C)(6) 6400 2019 MARKETING EVENT SPONSORSHIPS AMERICAN RED CROSS PO BOX 3097 SEATTLE WA 98114 530196605 501(C)(3) 10000 SOUND THE ALARM DONATION/DONATION FOR TORNADO RELIEF 3 3 X 1 1 X X X 0 1 0 ELLIOT GREGG PRESIDENT/CEO (THROUGH 09/18) 499710 0 140088 0 12000 0 29500 0 13255 0 694553 0 0 0 SHAWN GILFEDDER PRESIDENT/CEO (FROM 10/18) 126923 0 50000 0 1000 0 0 0 53 0 177976 0 0 0 KELLIE LETEXIER SVP/COO 269082 0 84814 0 0 0 88094 0 14305 0 456295 0 0 0 BRADLEY MILLER SVP/CFO 255167 0 71703 0 0 0 60219 0 10566 0 397655 0 0 0 ANTHONY BULLERI SVP/CLO 213543 0 51200 0 0 0 56700 0 19346 0 340789 0 0 0 COLIN MORRISON SVP/CIO 209739 0 47430 0 0 0 73796 0 13255 0 344220 0 0 0 PAUL NELSON REGISTERED REPRESENTATIVE 0 0 166072 0 0 0 6643 0 15355 0 188070 0 0 0 PART I, LINE 1A APPROVED PAID TRAVEL EXPENSES FOR BOARD MEMBER AND OFFICER GUESTS AS PER WRITTEN POLICY AND ARE INCLUDED IN TAXABLE COMPENSATION AS APPROPRIATE. PART I, LINE 4B THE CREDIT UNION HAS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) AGREEMENT FOR ELLIOT GREGG, BRADLEY MILLER, KELLIE LETEXIER, ANTHONY BULLERI, AND COLIN MORRISON. RESPECTIVELY, EACH ACCRUED $235,785, $58,003, $60,323, $48,722, AND $46,402 UNDER THIS AGREEMENT FOR THE YEAR ENDING DECEMBER 31, 2018. FORM 990, PART VI, SECTION A, LINE 6 KITSAP CREDIT UNION HAD 108,752 MEMBERS AS OF DECEMBER 31, 2018. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT ALL DIRECTORS FOR A 3-YEAR TERM. THEY CAN RUN FOR RE-ELECTION. BALLOTS ARE MAILED TO ALL MEMBERS DURING THE 1ST QUARTER EACH YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD MEMBERS, ACCOUNTING MANAGER, ACCOUNTING SUPERVISOR, AND SVP/CFO REVIEW THE RETURN FOR ACCURACY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CODE OF CONDUCT IS REQUIRED TO BE REVIEWED AND SIGNED (WITH OR WITHOUT DISCLOSURES) OR ACKNOWLEDGED (BY ELECTRONIC SIGNATURE) UPON HIRE FOR NEW EMPLOYEES AND ANNUALLY THEREAFTER FOR ALL STAFF, OFFICIALS, AND DIRECTORS. NO DIRECTOR OR COMMITTEE MEMBER OF THE CREDIT UNION WILL PARTICIPATE IN THE DELIBERATION OF ANY QUESTION AFFECTING HIS/HER OWN, IMMEDIATE FAMILY MEMBER'S, OR HOUSEHOLD MEMBER'S PECUNIARY INTEREST. SUCH DIRECTOR OR COMMITTEE MEMBER WILL WITHDRAW FROM THE DELIBERATION AND DECISION UPON SUCH INTEREST. ANY POTENTIAL CONFLICT CONCERNING A BOARD MEMBER WOULD BE ADDRESSED BY THE BOARD CHAIR, AND IF APPROPRIATE, THE BOARD AND/OR CEO. A BOARD MEMBER WHO DOES NOT ABIDE BY THE CODE OF CONDUCT MAY BE SUSPENDED OR REMOVED HIS OR HER POSITION. A POTENTIAL CONFLICT INVOLVING A STAFF MEMBER WOULD BE ADDRESSED BY MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 15 KITSAP CREDIT UNION USED AN OUTSIDE COMPENSATION CONSULTANT (ONE FOR STAFF AND ANOTHER FOR EXECUTIVE COMPENSATION) TO DETERMINE MARKET RANGES FOR PAY FOR ALL POSITIONS IN 2018. THE HUMAN RESOURCES DEPARTMENT WORKS WITH THE CONSULTANTS TO ENSURE PAY RANGES ARE COMPETITIVE AND WITHIN THE MARKET. ACTUAL INDIVIDUAL PAY FOR THE CEO IS DETERMINED BY AND VOTED ON ANNUALLY BY THE BOARD OF DIRECTORS. PAY FOR OFFICERS IS DETERMINED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 KITSAP CREDIT UNION MAKES THE MONTHLY FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY POSTING THEM IN EACH BRANCH. GOVERNING DOCUMENTS, SUCH AS ARTICLES OF INCORPORATION, ARE AVAILABLE UPON REQUEST.