2017-11-14T11:23:15-06:00 2016-12-31 910189318 Moss Adams LLP 601 W Riverside Avenue Ste 1800 Spokane WA 99201 990 2016-01-01 910616262 Gesa Credit Union GESA 5093783100 51 Gage Blvd Richland WA 99352 Richard Waddle SVP of Finance & Marketing 5093783100 2017-11-13 1 Emina O Cresswell CPA P01217304 5097472600 2017-11-13 12.129.7.100 2017-11-13 15:26:13 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 E285C1DEC82D96A2D4534F9C3C0DFD9F1B445503 2016 2017-02-10 21:41:12Z DON C MILLER 51 Gage Blvd Richland WA 99352 88265364 0 1269 X www.gesa.com X 1953 WA PROVIDE FINANCIAL SERVICES TO 145,421 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 9 571 16 594214 209329 0 0 76131641 85038601 1264887 1953558 141082 141458 77537610 87133617 58000 46934 0 0 25097345 29424857 0 0 0 37672077 45161628 62827422 74633419 14710188 12500198 1594334832 1792030286 1446822068 1633111786 147512764 158918500 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 31638 0 1 571 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 1282 0 0 Paul Korstad Director 5.00 X 647 0 0 Peter Smith Director 5.00 X 1611 0 0 William Roberts Jr Director 5.00 X 0 0 0 Gregg Andrews Director 5.00 X 0 0 0 Iris Anderson Director 5.00 X 1186 0 0 Martin Valadez Torres Secretary 5.00 X X 0 0 0 William Melberg Vice Chairman of the Board 5.00 X X 1489 0 0 Robert Follett Chairman of the Board 5.00 X X 0 0 0 Don C Miller President/CEO 60.00 X 521315 0 476003 Brett Jorgenson Chief Lending Officer 50.00 X 211884 0 22033 Rajesh Bandaru Chief Information Officer 50.00 X 293744 0 114584 Richard Waddle SVP of Finance/Marketing 50.00 X 214767 0 89856 Danette Warren Mortgage Sales Manager 40.00 X 274166 0 34570 Randy Wacker VP of Mortgage Lending 50.00 X 210465 0 20197 Mel Calloway VP Retail Sales & Service 50.00 X 193502 0 30839 Benjamin Rutledge VP Commercial Services 50.00 X 192191 0 46073 EILEEN GRIFFIN SVP Wealth Management & HR 50.00 X 192076 0 30894 2310325 0 865049 33 0 1 0 Fiserv 75 Remittance Dr Suite 6942 Chicago IL 60675 Data Processing Provider 2210143 Tri Ply Construction LLC PO Box 2872 Yakima WA 98907 Building Construction 1767581 Structured 12091 SE 97th Ave Suite 400 Clakamas OR 97015 Data Center Infrastructure 823866 C&E Trenching PO Box 3788 Pasco WA 99302 Building Construction 581357 Charter Communications PO Box 60188 Los Angeles CA 90060 Communication Services 477712 36 LOAN INTEREST 522100 60284152 60284152 Fees & Charges Income 522100 12947245 12837233 110012 Visa/Debit Card Income 522100 8170834 8170834 Other Income 522100 3636370 3152168 484202 85038601 2000488 2000488 205758 64300 141458 141458 141458 1000000 20517 1064318 3129 -64318 17388 -46930 -46930 87133617 84444387 594214 2095016 5000 41934 2150923 21565830 1169274 2624952 1913878 174781 70669 2773782 2544697 7626047 1827590 1001002 3237 8776208 6836623 262694 UBI Taxes 88637 Provision for Loan Loss 9615257 Credit/Collection Costs 2614136 Fraud Expense 567795 378473 74633419 83101978 80246108 56315659 62221479 2452025 2906643 1286478482 1481414809 17603394 17660556 102725297 30088090 69579710 72637207 49929051 43071471 376616 375010 28497917 31497003 1594334832 1792030286 57271248 89621599 1345697 1223315 1180479 1261602 1387024644 1541005270 1446822068 1633111786 X 0 0 0 0 147512764 158918500 147512764 158918500 1594334832 1792030286 X 12500198 62459 -1156921 X 0 0 0 0 1 X 12604154 12604154 53406176 9458681 43947495 302364 228959 73405 35335996 20400450 14935546 1076607 1076607 72637207 Member Deposits and Accounts 1541005270 1541005270 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 17 41934 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 403943 0 88831 0 28541 0 460215 0 15788 0 997318 0 0 0 Brett Jorgenson Chief Lending Officer 200904 0 0 0 10980 0 14641 0 7392 0 233917 0 0 0 Rajesh Bandaru Chief Information Officer 245769 0 38400 0 9575 0 105092 0 9492 0 408328 0 0 0 Richard Waddle SVP of Finance/Marketing 178077 0 27200 0 9490 0 76379 0 13477 0 304623 0 0 0 Danette Warren Mortgage Sales Manager 61800 0 212033 0 333 0 19115 0 15455 0 308736 0 0 0 Randy Wacker VP of Mortgage Lending 134000 0 65738 0 10727 0 14560 0 5637 0 230662 0 0 0 Mel Calloway VP Retail Sales & Service 161923 0 23600 0 7979 0 30143 0 696 0 224341 0 0 0 Benjamin Rutledge VP Commercial Services 159446 0 23296 0 9449 0 31090 0 14983 0 238264 0 0 0 EILEEN GRIFFIN SVP Wealth Management & HR 157229 0 25032 0 9815 0 30198 0 696 0 222970 0 0 0 Part I, Line 1a Board members Manuel Chavallo, Paul Korstad, William Melberg, Peter Smith, and Iris Anderson 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 2016 WAS $423,900. RICHARD WADDLE, SVP OF FINANCE/MARKETING, PARTICPIATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2016 WAS $61,415. RAJESH BANDARU, CIO, PARTICPIATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2016 WAS $84,634. EILEEN GRIFFIN, SVP WEALTH MANAGEMENT & HR, PARTICPIATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2016 WAS $16,848. MEL CALLOWAY, VP RETAIL SALES & SERVICES, PARTICPIATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2016 WAS $16,783. BENJAMIN RUTLEDGE, VP COMMERCIAL SERVICES, PARTICPIATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2016 WAS $17,714. 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 -1,156,921.