2018-11-14T16:37:52-06:00 2017-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2017-01-01 910616262 GESA CREDIT UNION GESA 5093783100 51 GAGE BLVD RICHLAND WA 99352 RICHARD WADDLE SVP OF FINANCE & MARKETING 5093783100 2018-11-14 1 EMINA O CRESSWELL CPA P01217304 5097472600 2018-11-14 12.129.7.100 2018-11-14 12:58:55 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 05663388E2D622F81F567A5213E5DF09032386B5 2017 2019-02-21 02:37:17Z DON C MILLER 51 GAGE BLVD RICHLAND WA 99352 96153422 0 1269 X WWW.GESA.COM X 1953 WA PROVIDE FINANCIAL SERVICES TO 156,034 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. 9 9 590 16 631876 234073 0 0 85038601 93518173 1953558 2398813 141458 154532 87133617 96071518 46934 44456 0 0 29424857 31808319 0 0 0 45161628 50600292 74633419 82453067 12500198 13618451 1792030286 1902374640 1633111786 1729261600 158918500 173113040 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 0 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 37285 0 1 590 1 1 1 0 0 0 0 0 X 9 9 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 MANUEL CHAVALLO DIRECTOR 5.00 X 1839 0 0 PAUL KORSTAD DIRECTOR 5.00 X 1880 0 0 PETER SMITH DIRECTOR 5.00 X 3116 0 0 WILLIAM ROBERTS JR DIRECTOR 5.00 X 0 0 0 ROBERT FOLLETT DIRECTOR 5.00 X 1481 0 0 IRIS ANDERSON DIRECTOR 5.00 X 1633 0 0 GREGG ANDREWS CHAIRMAN OF THE BOARD 5.00 X X 1184 0 0 WILLIAM MELBERG VICE CHAIRMAN OF THE BOARD 5.00 X X 2647 0 0 MARTIN VALADEZ TORRES SECRETARY 5.00 X X 4799 0 0 DON C MILLER PRESIDENT/CEO 50.00 X 574552 0 595104 BRETT JORGENSON CHIEF LENDING OFFICER 50.00 X 253141 0 14077 RAJESH BANDARU CHIEF INFORMATION OFFICER 50.00 X 304899 0 147396 RICHARD WADDLE SVP OF FINANCE/MARKETING 50.00 X 232355 0 124866 RANDY WACKER VP OF MORTGAGE LENDING 50.00 X 211199 0 36806 MEL CALLOWAY VP RETAIL SALES & SERVICE 50.00 X 204599 0 41705 BENJAMIN RUTLEDGE VP COMMERCIAL SERVICES 50.00 X 198378 0 45126 JERRY SIMS SVP COMPLIANCE & SPECIAL PROJECTS 50.00 X 189433 0 37103 RICK THOMPSON VP OF FACILITIES 50.00 X 168971 0 57595 2356106 0 1099778 36 0 1 0 FISERV 75 REMITTANCE DR SUITE 6942 CHICAGO IL 60675 DATA PROCESSING PROVIDER 1778574 AMERICAN REPORTING COMPANY 6628 212TH STREET SW SUITE 100 LYNNWOOD WA 98036 MORTGAGE APPRAISALS 824380 DIEBOLD PO BOX 643543 PITTSBURGH PA 15264 SECURITY MAINTENANCE 604316 CHARTER COMMUNICATIONS PO BOX 60188 LOS ANGELES CA 90060 COMMUNICATION SERVICES 551526 INTEGRATED ARCHIVE SYSTEMS 1121 N SAN ANTONIO RD SUITE D 100 PALO ALTO CA 94303 INFORMATION STORAGE SERVICES 333181 33 LOAN INTEREST 522100 67376632 67376632 FEES & CHARGES INCOME 522100 13449162 13345469 103693 VISA/DEBIT CARD INCOME 522100 8671868 8671868 OTHER INCOME 522100 4020511 3492328 528183 93518173 2402117 2402117 218832 64300 154532 154532 154532 14300 17604 -3304 -3304 -3304 96071518 92886297 631876 2553345 2156 42300 2350858 22970118 1661833 2724660 2100850 220370 137393 2316954 2470238 9138819 2112643 1021612 2132 9894298 6330772 222418 UBI TAXES 66438 PROVISION FOR LOAN LOSS 12246407 CREDIT/COLLECTION COSTS 3253406 FRAUD EXPENSE 514161 652231 82453067 80246108 113603179 62221479 62497475 2906643 2734322 1481414809 1561540824 17660556 17865060 104999527 34116036 72637207 70883491 43071471 37668686 375010 375010 31497003 35206593 1792030286 1902374640 89621599 120883878 1223315 1398095 1261602 9240 1541005270 1606970387 1633111786 1729261600 X 0 0 0 0 158918500 173113040 158918500 173113040 1792030286 1902374640 X 13618451 -117016 693105 X 0 0 0 0 1 X 12753836 12753836 54225945 10765490 43460455 265235 226717 38518 36307346 23123829 13183517 1447165 1447165 70883491 MEMBER DEPOSITS AND ACCOUNTS 1606970387 1606970387 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 18 42300 0 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 470317 0 76875 0 27360 0 580335 0 14769 0 1169656 0 0 0 BRETT JORGENSON CHIEF LENDING OFFICER 211385 0 28696 0 13060 0 7175 0 6902 0 267218 0 0 0 RAJESH BANDARU CHIEF INFORMATION OFFICER 260769 0 34680 0 9450 0 138607 0 8789 0 452295 0 0 0 RICHARD WADDLE SVP OF FINANCE/MARKETING 197615 0 25500 0 9240 0 110097 0 14769 0 357221 0 0 0 RANDY WACKER VP OF MORTGAGE LENDING 140000 0 60377 0 10822 0 31468 0 5338 0 248005 0 0 0 MEL CALLOWAY VP RETAIL SALES & SERVICE 173519 0 22100 0 8980 0 41009 0 696 0 246304 0 0 0 BENJAMIN RUTLEDGE VP COMMERCIAL SERVICES 167086 0 21842 0 9450 0 31648 0 13478 0 243504 0 0 0 JERRY SIMS SVP COMPLIANCE & SPECIAL PROJECTS 156762 0 21094 0 11577 0 31628 0 5475 0 226536 0 0 0 RICK THOMPSON VP OF FACILITIES 136023 0 18210 0 14738 0 42847 0 14748 0 226566 0 0 0 PART I, LINE 1A ALL BOARD MEMBERS EXCEPT FOR WILLIAM ROBERTS JR. RECEIVED 1099S FOR TRAVEL EXPENSES FOR COMPANIONS. PART I, LINE 4B DON MILLER, PRESIDENT/CEO, PARTICPIATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2017 WAS $551,535. RICHARD WADDLE, SVP OF FINANCE/MARKETING, PARTICPIATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2017 WAS $85,298. RAJESH BANDARU, CIO, PARTICPIATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2017 WAS $113,836. MEL CALLOWAY, VP RETAIL SALES & SERVICES, PARTICPIATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2017 WAS $23,755. BENJAMIN RUTLEDGE, VP COMMERCIAL SERVICES, PARTICPIATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2017 WAS $24,096. RICK THOMPSON, VP OF FACILITIES, PARTICPIATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2017 WAS $20,737. 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 693,105.