2018-11-14T15:23:12-06:00 2017-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2017-01-01 910576399 IQ CREDIT UNION IQCR 3606953441 1313 MAIN STREET VANCOUVER WA 98660 DEWAYNE LEDBETTER CFO/SVP OF FINANCE 3606953441 2018-11-14 1 WENDY CAMPOS P00448102 5032421447 2018-11-13 12.129.7.100 2018-11-14 11:17:30 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 CEB32098E0DA78823741A708D31426FEC07C0BDB 2017 2019-02-21 02:37:17Z KELLY SCHRADER 1313 MAIN STREET VANCOUVER WA 98660 68446964 0 X WWW.IQCU.COM X 1940 WA TO PROVIDE A FULL COMPLEMENT OF QUALITY FINANCIAL SERVICES IN A CONVENIENT, EFFICIENT, FRIENDLY, SECURE AND PROFITABLE MANNER WHICH MEETS THE NEED OF THE MEMBERSHIP. 11 11 355 37 1088082 182258 0 0 43705554 49316366 1794742 2744032 -258086 -91062 45242210 51969336 76167 101191 0 0 16016927 18378528 0 0 0 18121197 21750337 34214291 40230056 11027919 11739280 919609475 978757522 840192981 887587832 79416494 91169690 TO PROVIDE A FULL COMPLEMENT OF QUALITY FINANCIAL SERVICES IN A CONVENIENT, EFFICIENT, FRIENDLY, SECURE AND PROFITABLE MANNER WHICH MEETS THE NEED OF THE MEMBERSHIP. 0 0 PROVIDE FINANCIAL SERVICES TO 76,022 MEMBERS. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, PROVIDING REAL ESTATE AND OTHER SECURED/ UNSECURED CONSUMER LOANS, CHECKING AND SAVINGS PROGRAMS, AND CREDIT CARD SERVICES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 14902 0 1 355 1 1 1 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X DEWAYNE LEDBETTER 3607593018 1313 MAIN STREET VANCOUVER WA 98660 DR JAMES SORK BOARD CHAIRMAN 5.00 X X 17000 0 0 JIM CHURCH BOARD VICE CHAIRMAN 4.00 X X 14500 0 0 SHARON EASTMAN BOARD SECRETARY 4.00 X X 14500 0 0 DOUG LEHRMAN BOARD TREASURER 4.00 X X 14500 0 0 JIM ASKEY BOARD MEMBER 2.50 X 12000 0 0 JIM CLICK BOARD MEMBER 2.50 X 12000 0 0 JOAN DURGIN BOARD MEMBER 2.50 X 12000 0 0 EVIE GRENDAHL BOARD MEMBER 2.50 X 12000 0 0 DON KITTERMAN BOARD MEMBER 2.50 X 12000 0 0 JOSEPH NUTTING BOARD MEMBER 2.50 X 12000 0 0 STEVE PORTER BOARD MEMBER 2.50 X 12000 0 0 DEWAYNE LEDBETTER SVP/CHIEF FINANCIAL OFFICER 48.00 X 228465 0 37874 KELLY SCHRADER CEO & PRESIDENT 48.00 X 510256 0 291251 DANETTE LACHAPELLE SVP OF COMMUNICATION 48.00 X 157500 0 26630 CHRISTOPHER O'MALLEY FORMER SVP/CIO 48.00 X 202207 0 32751 ERIC PETRACCA CHIEF OPERATIONS OFFICER 48.00 X 193261 0 27764 KARI STANSBERRY SVP OF HUMAN RESOURCES 48.00 X 170481 0 35209 MICHAEL BOOTH SENIOR MORTGAGE LOAN OFFICER 45.00 X 178464 0 8661 JONATHAN DAVIS WEALTH MANAGEMENT PROGRAM MANAGER 45.00 X 134728 0 16058 ED FRANKS VP OF BUSINESS SERVICES 45.00 X 136583 0 7281 DENIS MARSH VP OF INSURANCE SERVICES 45.00 X 183210 0 18894 DIANNE SMITH VP OF MORTGAGE 45.00 X 135330 0 10538 2374985 0 512911 11 0 1 0 FISERV INC PO BOX 99924 GRAPEVINE TX 760999724 ONLINE BANKING 809786 JHA POWERLINK PO BOX 609 MONETT MO 65708 CARD PROCESSING 652746 CU COOPERATIVE SYSTEM 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 CARD & ATM PROCESSING 633690 INFO IMAGE 141 JEFFERSON DR MENLO PARK CA 94025 TAX/STATEMENT PROCESSOR 499930 MERIDIAN LINK INC 1600 SUNFLOWER AVE STE 200 COSTA MESA CA 92626 LOAN PROCESSING FEES 446599 15 LOAN INTEREST 522100 31827718 31827718 OTHER OPERATING INCOME 522100 11508427 10980730 527697 FEES AND CHARGES 522100 5933615 5418083 515532 PASSTHROUGH INCOME 522100 46606 1753 44853 49316366 2304565 2304565 16035295 881800 16031528 446100 3767 435700 439467 439467 OTHER INCOME/LOSS 522100 -91062 -91062 -91062 51969336 48137222 1088082 2744032 90525 10666 2058149 12977211 946967 1281692 1114509 104919 128655 1475750 1259744 1435336 1449085 126166 25148 1096632 2425394 131249 LOAN LOSS PROVISION 4380366 LOAN SERVICING 3311813 ATM EXPENSES 2475494 TAXES ON UBIT 100000 1824586 40230056 9977413 10091767 119925881 40445630 637899939 801659968 18622822 19476109 47358508 20805495 24620168 26553013 77728780 54603981 3674038 4106000 849156 420436 26311278 21400618 919609475 978757522 9281109 11314471 830911872 876273361 840192981 887587832 X 0 0 0 0 79416494 91169690 79416494 91169690 919609475 978757522 X 11739280 -362817 376733 X 0 0 0 0 0 4657189 4657189 20277298 5007270 15270028 9552012 6781319 2770693 10750788 7740827 3009961 2121221 1276079 845142 26553013 SHARES/DEPOSITS 876273361 876273361 1 CHILDREN'S MIRACLE NETWORK HOSPITALS 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 870388205 501(C)(3) 15000 FMV SPONSORSHIP OF DAVE & DAN GOLF CLASSIC VANCOUVER SCHOOL DISTRICT FOUNDATION PO BOX 6039 VANCOUVER WA 986686039 910971800 501(C)(3) 28000 FMV SPONSORSHIP OF STAFF CAMPAIGN & NEW EDUCATOR WEEK AMERICAN RED CROSS - SW WA CHAPTER 3114 E FOURTH PLAIN BLVD VANCOUVER WA 98661 530196605 501(C)(3) 7500 FMV SPONSORSHIP OF REAL HEROES BREAKFAST WHY RACING EVENTS INC 2310 E 2ND STREET SUITE A VANCOUVER WA 98661 472525259 15000 FMV SPONSORSHIP OF LOCAL RUNNING EVENTS NORTHWEST CREDIT UNION ASSOCIATION 18000 INTERNATIONAL BLVD SUITE 350 SEATAC WA 98188 910460483 501(C)(6) 5025 FMV SPONSORSHIP OF CREDIT UNION AUCTION OREGON FOOD BANK 7900 NE 33RD DRIVE PORTLAND OR 97211 930785786 501(C)(3) 20000 FMV SPONSORSHIP OF WATERFRONT BLUES FESTIVAL 4 2 SCHOLARSHIPS 6 10666 FMV PART I, LINE 2: SCHOLARSHIP APPLICANTS SUBMIT AN APPLICATION, AND RECIPIENTS ARE DETERMINED BY A NUMBER OF FACTORS INCLUDING ESSAYS, GRADES AND LETTERS OF RECOMMENDATION, WHICH ARE ALL SCORED. THE HIGHEST-RATED INDIVIDUALS ARE AWARDED SCHOLARSHIPS. X 1 1 X X X 0 1 0 DEWAYNE LEDBETTER SVP/CHIEF FINANCIAL OFFICER 207932 0 21863 0 -1330 0 36282 0 1592 0 266339 0 0 0 KELLY SCHRADER CEO & PRESIDENT 456297 0 53984 0 -25 0 290476 0 775 0 801507 0 0 0 DANETTE LACHAPELLE SVP OF COMMUNICATION 142355 0 16542 0 -1397 0 24823 0 1807 0 184130 0 0 0 CHRISTOPHER O'MALLEY FORMER SVP/CIO 183429 0 20985 0 -2207 0 30626 0 2125 0 234958 0 0 0 ERIC PETRACCA CHIEF OPERATIONS OFFICER 165923 0 27623 0 -285 0 27764 0 0 0 221025 0 0 0 KARI STANSBERRY SVP OF HUMAN RESOURCES 154323 0 25375 0 -9217 0 26299 0 8910 0 205690 0 0 0 MICHAEL BOOTH SENIOR MORTGAGE LOAN OFFICER 51123 0 131934 0 -4593 0 3661 0 5000 0 187125 0 0 0 JONATHAN DAVIS WEALTH MANAGEMENT PROGRAM MANAGER 106250 0 39241 0 -10763 0 5092 0 10966 0 150786 0 0 0 DENIS MARSH VP OF INSURANCE SERVICES 150141 0 43566 0 -10497 0 6488 0 12406 0 202104 0 0 0 PART I, LINE 1A THESE BENEFITS ARE PROVIDED TO THE CEO AS PART OF THE EMPLOYMENT AGREEMENT. THE DISCRETIONARY SPENDING ACCOUNT IS INCLUDED IN THE CEO'S TAXABLE COMPENSATION. CEO ALSO IS PROVIDED COMPANY-OWNED AUTO FOR BUSINESS AND PERSONAL USE. PART I, LINE 4B SOME MEMBERS OF EXECUTIVE MANAGEMENT PARTICIPATED IN A 457(F) PLAN. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS AND EACH MEMBER CAN VOTE. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERS ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AND REGULATORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CFO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION HAS A CONFLICT OF INTEREST POLICY, AND EMPLOYEES AND BOARD MEMBERS ANNUALLY ACKNOWLEDGE THEY COMPLY WITH ALL CREDIT UNION POLICIES. THE CONFLICT OF INTEREST POLICY OUTLINES STEPS TAKEN BY OFFICIALS WHEN A CONFLICT ARISES, WHICH INCLUDE THE CONFLICTED PARTY ABSTAINING FROM A RELATED VOTING ITEM. EMPLOYEES ARE NOT ALLOWED TO RECEIVE A PERSONAL BENEFIT FROM ANY TRANSACTION WITH A VENDOR, CUSTOMER OR SUPPLIER DOING BUSINESS WITH THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15A CEO SALARY IS DETERMINED AFTER REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTEE, WHICH IS INDEPENDENT OF THE CEO. THE COMMITTEE'S REVIEW INCLUDES SALARY DATA FROM AT LEAST TWO SALARY SURVEYS. MINUTES ARE KEPT TO DOCUMENT THE DISCUSSION AND FINAL DECISION. THIS PROCESS WAS LAST UNDERTAKEN JANUARY 2017. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE INCOME/EQUITY TRUE-UP 423,339. PARTNERSHIP PASSTHROUGH BOOK/TAX DIFFERENCE -46,606. IQ FOR KIDS PO BOX 1739 VANCOUVER WA 98668 203988310 FUNDRAISING TO SUPPORT CHILDREN'S CHARITIES WA 501(C)(3) 509(A)(1) IQ CREDIT UNION 1 CLARK FINANCIAL SERVICES INC PO BOX 1846 VANCOUVER WA 98668 911253818 SERVICE ORG PROVIDING INSURANCE PRODUCTS TO CREDIT UNION MEMBERS WA IQ CREDIT UNION C 349135 1052796 1.00000 1 1 0 0 1 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 CLARK FINANCIAL SERVICES INC A 21180 FAIR MARKET VALUE CLARK FINANCIAL SERVICES INC D 500000 LOAN GUARANTEE/NO BALANCE CLARK FINANCIAL SERVICES INC Q 884563 FAIR MARKET VALUE CLARK FINANCIAL SERVICES INC O 680757 FAIR MARKET VALUE