2017-11-14T13:49:14-06:00 2016-12-31 910189318 Moss Adams LLP 805 SW Broadway Ste 1200 Portland OR 97205 990 2016-01-01 910576399 iQ Credit Union IQCR 3606953441 1313 Main Street Vancouver WA 98660 DeWayne Ledbetter CFO/SVP of Finance 3606953441 2017-11-14 1 Wendy Campos P00448102 5032421447 2017-11-14 12.129.7.100 2017-11-14 12:13:17 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 59F1A538AFF16333F506100D938A7F96F3A5584C 2016 2017-02-10 21:41:12Z Kelly Schrader 1313 Main Street Vancouver WA 98660 45252679 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 11 338 39 1087017 215504 0 0 38513539 43705554 1685575 1794742 -415537 -258086 39783577 45242210 70750 76167 0 0 15306601 16016927 0 0 0 17516462 18121197 32893813 34214291 6889764 11027919 821773803 919609475 752346691 840192981 69427112 79416494 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 69,272 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 14607 0 1 338 1 1 1 0 0 0 0 0 X 11 11 0 0 1 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 12750 0 0 Jim Church Board Vice Chairman 4.00 X X 10875 0 0 Sharon Eastman Board Secretary 4.00 X X 10875 0 0 Doug Lehrman Board Treasurer 4.00 X X 10071 0 0 Ed Maxwell Former Board Treasurer 4.00 X 9804 0 0 Jim Askey Board Member 2.50 X 9000 0 0 Jil Click Board Member 2.50 X 9000 0 0 Joan Durgin Board Member 2.50 X 9000 0 0 Evie Grendahl Board Member 2.50 X 9000 0 0 Don Kitterman Board Member 2.50 X 9000 0 0 Joseph Nutting Board Member 2.50 X 9000 0 0 Steve Porter Board Member 2.50 X 9000 0 0 Dave Marshall Former Board Member 2.50 X 3857 0 0 Kelly Schrader CEO & President 48.00 X 249262 0 250 Roger Michaelis Former CEO & President 40.00 X 332729 0 4999 DeWayne Ledbetter CFO/SVP Of Finance 48.00 X 204750 0 33593 Christopher O'Malley CIO/SVP Retail Delivery 48.00 X 196106 0 27760 Danette LaChapelle SVP OF Communication 48.00 X 145458 0 24414 Eric Petracca SVP of Enterprise Risk Management 48.00 X 163922 0 26351 Kari Stansberry SVP of Human Resources 48.00 X 145104 0 31963 Denis Marsh VP of Insurance Services 45.00 X 177629 0 15115 Jonathan Davis Wealth Management Manager 45.00 X 160585 0 6806 1896777 0 171251 15 0 1 0 JHA Powerlink 1100 Olive Way Suite 320 Seattle WA 98101 Card Processing 692224 CU Cooperative Systems Inc 9692 Haven Ave Rancho Cucamonga CA 91730 Card Processing 631145 InfoIMAGE Inc 141 Jefferson Drive Menlo Park CA 94025 Member Statements 474902 Official Payments Corporation PO Box 418410 Boston MA 02241 Online Banking Services 395705 Fiserv Inc PO Box 99924 Grapevine TX 970099724 Online Banking Services 361101 17 Loan Interest 522100 28027034 28027034 Other Operating Income 522100 8801783 8236078 565705 Fees and Charges 522100 6876737 6355425 521312 43705554 1791860 1791860 13351 10469 2882 2882 2882 Other Income/Loss 522100 -258086 -258086 -258086 45242210 42360451 1087017 1794742 63500 12667 1170681 12051854 497331 1258372 1038689 87471 152634 1279768 929642 1931931 1444223 98164 12428 1101714 2131026 117239 Loan Servicing 2976946 Loan Loss Provision 2652939 ATM Expenses 2082891 Taxes on UBIT 107507 1014674 34214291 7886357 9977413 66638846 119925881 592752666 637899939 18343060 18622822 43605830 18985662 25004569 24620168 91182503 77728780 3491120 3674038 1426996 849156 15047686 26311278 821773803 919609475 8584716 9281109 743761975 830911872 752346691 840192981 X 0 0 0 0 69427112 79416494 69427112 79416494 821773803 919609475 X 11027919 149525 -1188062 X 0 0 0 0 0 5100043 5100043 18664367 4537824 14126543 8887130 6311156 2575974 9395808 7009715 2386093 1558482 1126967 431515 24620168 Shares/Deposits 830911872 830911872 1 Oregon Food Bank 7900 NE 33rd Drive Portland OR 97211 930785786 501(c)(3) 20000 Sponsorship of Waterfront Blues Festival Children's Miracle Network Hospitals 205 West 700 South Salt Lake City UT 84101 870388205 501(c)(3) 15000 Sponsorship of Dave & Dan Classic Bravo Vancouver Concert Series PO Box 118 Vancouver WA 986660118 911944790 501(c)(3) 15000 Sponsorship of Wine & Jazz Festival Vancouver School District Foundation PO Box 6039 Vancouver WA 986686039 910971800 501(c)(3) 8000 Meals for New Teacher Orientation Week American Red Cross - SW WA Chapter 3114 E Fourth Plain Blvd Vancouver WA 98661 530196605 501(c)(3) 5500 Sponsorship of Real Heroes Breakfast 5 0 Scholarships 9 12667 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 Kelly Schrader CEO & President 249535 0 0 0 -273 0 0 0 250 0 249512 0 0 0 Roger Michaelis Former CEO & President 293030 0 39375 0 324 0 4999 0 0 0 337728 0 0 0 DeWayne Ledbetter CFO/SVP Of Finance 190035 0 20644 0 -5929 0 27468 0 6125 0 238343 0 0 0 Christopher O'Malley CIO/SVP Retail Delivery 175178 0 23104 0 -2176 0 25677 0 2083 0 223866 0 0 0 Danette LaChapelle SVP OF Communication 132202 0 17875 0 -4619 0 19424 0 4990 0 169872 0 0 0 Eric Petracca SVP of Enterprise Risk Management 142319 0 21930 0 -327 0 26351 0 0 0 190273 0 0 0 Kari Stansberry SVP of Human Resources 135107 0 18825 0 -8828 0 23479 0 8484 0 177067 0 0 0 Denis Marsh VP of Insurance Services 140525 0 45039 0 -7935 0 5999 0 9116 0 192744 0 0 0 Jonathan Davis Wealth Management Manager 44920 0 116587 0 -922 0 5653 0 1153 0 167391 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 (DeWayne Ledbetter and Danette LaChapelle) participated in a 457(f) deferred compensation plan. No contributions or distributions were made during 2016. Form 990, Part VI, Section A, line 4 The credit union amends its bylaws to expand its field of membership to include 6 counties in Oregon (Multnomah, Washington, Clackamas, Hood River, Yamhill and Columbia). 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 2016. 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 -1,158,842. Partnership Passthrough Book/Tax Difference -29,220. 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 329421 876840 1.00000 1 1 0 0 1 0 1 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 680131 Fair Market Value Clark Financial Services Inc F 150000 Fair Market Value Clark Financial Services Inc O 573490 Fair Market Value