2017-11-15T17:24:41-06:00 2016-12-31 810987947 HAUSER JONES & SAS PLLC 10940 NE 33RD PLACE SUITE 100 BELLEVUE WA 98004 990 2016-01-01 910684272 NORTHWEST PLUS CREDIT UNION NORT 4252971000 2821 HEWITT AVENUE EVERETT WA 982013890 STEVE DIKLICH CEO 4252971000 2017-11-14 1 ROGER A JONES CPA P01702335 4258891778 2017-10-19 208.186.241.180 2017-11-14 14:55:19 PS P 8190BE4C4D6A8F296EBBDB259E66F3B86A38F432 8190BE4C4D6A8F296EBBDB259E66F3B86A38F432 2016 2017-02-10 21:41:12Z DOUG BENNETT 2821 HEWITT AVENUE EVERETT WA 982013890 9005329 0 X WWW.NWPLUSCU.COM X 1938 WA PROVIDE FINANCIAL SERVICES, SUCH AS LOANS, TO ANYONE WHO LIVES OR WORKS IN WASHINGTON. 9 9 61 12 3228 -10733 0 0 8103591 8331733 493377 588530 4082 0 8601050 8920263 8000 8000 0 0 3123402 3281590 0 0 0 4378936 4409700 7510338 7699290 1090712 1220973 166382541 183526780 147907076 164110025 18475465 19416755 TO PROVIDE FINANCIAL SERVICES, SUCH AS LOANS, CHECKING, AND SAVING PROGRAMS, TO ANYONE WHO LIVES, WORKS, OR WORSHIPS IN THE STATE OF WASHINGTON. 0 0 SINCE 1939, NW PLUS CREDIT UNION HAS PROVIDED FINANCIAL SERVICES TO THEEMPLOYEES AND FAMILY MEMBERS OF FRONTIER COMMUNICATIONS FORMERLY KNOWNAS GTE AND VERIZON. SINCE THEN, WE HAVE EXPANDED OUR CHARTER TO INCLUDEANYONE WHO LIVES, WORKS OR WORSHIPS IN THE STATE OF WASHINGTON. NW PLUSCREDIT UNION'S EXISTENCE REFLECTS ITS MEMBERS' COMBINED INTERESTS TOBENEFIT THE GENERAL MEMBERSHIP IN THE LOCAL COMMUNITIES WE SERVE. WEPROVIDE A FULL SPECTRUM OF FINANCIAL PRODUCTS AND SERVICES AND RETURNTHE PROFIT TO OUR MEMBERS, WITH LOWER LOAN RATES AND HIGHER SAVINGSRATES, LOW FEES, AND INNOVATIVE PRODUCTS. THIS DIRECT FINANCIAL VALUEIS GIVEN BACK TO OUR MEMBERS, INSTEAD OF BEING PAID TO A LIMITED NUMBEROF STOCKHOLDERS, OFFICERS, OR OUT-OF-STATE OWNERS, AS MANY BANKS DO. ASOF DECEMBER 31, 2016, NW PLUS CREDIT UNION HAD 17,288 MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 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 3164 0 1 61 1 1 1 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 DOUGLAS BENNETT 4252971000 2821 HEWITT AVE EVERETT WA 98201 JASON GAMBLE CHAIRMAN 2.00 X X 0 0 0 BRAD JONES VICE CHAIRMAN 2.00 X X 0 0 0 MARY BALLARD TREASURER 2.00 X X 0 0 0 GARY HEILMAN SECRETARY 2.00 X X 0 0 0 WARREN KUWAHARA DIRECTOR 2.00 X 0 0 0 JOHN CONDERMAN DIRECTOR 2.00 X 0 0 0 JAMES DREIER DIRECTOR 2.00 X 0 0 0 KIM STONE DIRECTOR 2.00 X 0 0 0 JERRI BARTRAM DIRECTOR 2.00 X 0 0 0 DOUGLAS BENNETT PRESIDENT & CEO 40.00 X 208523 0 200670 STEVE DIKLICH CFO 40.00 X 141121 0 9983 TORRIE RAMOS COO 40.00 X 107089 0 11540 456733 0 222193 3 0 1 0 FISERV-EFT 255 FISERV DR BROOKFIELD WI 53045 CARD TRANSACTION SERVICES 421600 FISERV-GALAXY 255 FISERV DR BROOKFIELD WI 53045 CORE DATA PROCESSING SERVICES 288976 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 219948 HABERFELD DIRECT 206 S 13TH ST LINCOLN NE 68508 DIRECT MAIL MARKETING 180086 4 LOAN INTEREST INCOME 522100 4956109 4956109 FEE INCOME 522100 3375624 3372396 3228 8331733 653206 653206 20390 0 85066 20390 -85066 -64676 -64676 8920263 8263829 3228 653206 8000 435675 2273533 127000 217310 228072 5174 79543 577972 287261 664369 322404 570057 15732 63381 407750 293074 48818 PROVISION FOR LOAN LOSS 518000 LOAN SERVICING EXPENSES 359003 MISCELLANEOUS EXPENSES 92442 COLLECTION EXPENSES 65862 38858 7699290 2516809 2014422 27857565 26089899 70148 188732 101919707 113545511 556748 475150 9472498 3408910 5270866 6063588 20732484 27339260 7458214 7810218 166382541 183526780 2155306 2348670 145751770 161761355 147907076 164110025 X 0 0 0 0 18475465 19416755 18475465 19416755 166382541 183526780 1220973 -279683 0 X 0 0 0 1681008 1681008 5686058 1704713 3981345 349785 238281 111504 1052519 915558 136961 703128 550358 152770 6063588 101339 F AVAILABLE FOR SALE 27237921 F 27339260 MEMBER SHARES AND DEPOSITS 161761355 161761355 1 COLLEGE SCHOLARSHIPS 8000 PART I, LINE 2: ALL SCHOLARSHIP WINNERS MUST FILL OUT A SCHOLARSHIP AWARD FORM DETAILING THEIR SCHOOL THEY WILL BE ATTENDING ALONG WITH THE ADDRESS THAT THE CHECK MUST BE SENT TO. OUR AVP MARKETING CREATES LETTERS TO EACH SCHOOL INSTRUCTING THE SCHOOL TO PUT THE FUNDS INTO THE STUDENTS' ACCOUNTS TO BE USED FOR THEIR NEEDS DURING THE SCHOOL YEAR. X X X X 0 1 0 DOUGLAS BENNETT PRESIDENT & CEO 191396 0 16107 0 1020 0 189409 0 11261 0 409193 0 0 0 STEVE DIKLICH CFO 100101 0 40000 0 1020 0 4353 0 5630 0 151104 0 0 0 PART I, LINE 4B THE CREDIT UNION ENTERED INTO A DEFERRED COMPENSATION AGREEMENT UNDER IRC SECTION 457(F) WITH A SENIOR OFFICER ON OCTOBER 17, 2001. UNDER THE AMENDED HE WILL RECEIVE A LUMP-SUM BENEFIT DISTRIBUTION OF $1,148,114. IF THE VOLUNTARILY SEPARATED FOR GOOD REASON PRIOR TO ALL OF THE PROMISED PLAN EQUAL TO THE ACCRUED LIABILITY BALANCE OF THE OFFICER'S 457(F) ACCOUNT AT PLAN, IF THE OFFICER IS EMPLOYED BY THE CREDIT UNION ON HIS 68TH BIRTHDAY, OFFICER WERE TO BECOME DISABLED, INVOLUNTARILY TERMINATED WITHOUT CAUSE, OR DISTRIBUTIONS BEING MADE, THE CREDIT UNION WOULD PAY THE OFFICER A BENEFIT THE TIME OF TERMINATION. THE PAYMENT OF THE ACCRUED BALANCE WILL BE MADE IN A LUMP SUM AND THE PLAN SHALL TERMINATE. THE RELATED LIABILITY WAS $754,564 AND $576,627 AT DECEMBER 31, 2016 AND 2015, RESPECTIVELY. IF THE OFFICER WERE TO DIE WHILE ACTIVELY EMPLOYED WITH THE CREDIT UNION AND PRIOR TO THE PROMISED PLAN DISTRIBUTION BEING MADE, THE OFFICER'S BENEFICIARY WOULD RECEIVE A LUMP ]SUM DISTRIBUTION EQUAL TO THE TARGET RETIREMENT AGE DISTRIBUTION. IF THE OFFICER LEAVES THE CREDIT UNION VOLUNTARILY, OR IS TERMINATED FOR CAUSE PRIOR TO REACHING THE DISTRIBUTION DATE, ALL REMAINING BENEFITS WILL BE FORFEITED. FORM 990, PART VI, SECTION A, LINE 6 CREDIT UNION MEMBERS ARE MEMBERS OF A FINANCIAL COOPERATIVE. EACH DEPOSITOR IS REQUIRED TO BE A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A CREDIT UNION MEMBERS ELECT MEMBERS TO THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS INITIALLY REVIEWED BY THE CEO AND CFO BEFORE BEING PRESENTED TO THE BOARD OF DIRECTORS FOR FINAL REVIEW. THE BOARD OF DIRECTORS COMPLETES THEIR FINAL REVIEW BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT, WHICH DEFINES FIDUCIARY DUTY. MANAGEMENT REVIEWS ALL VENDORS FOR POTENTIAL OWNERSHIP INTEREST BY BOARD MEMBERS OR RELATED PARTIES AS PART OF THE VENDOR APPROVAL PROCESS. NO DIRECTOR, COMMITTEE MEMBER, OFFICER, OR EMPLOYEE OF THE CREDIT UNION MAY HAVE A FINANCIAL INTEREST IN ANY CONTRACT OR TRANSACTION WITH THE CREDIT UNION UNLESS THIS INTEREST IS DISCLOSED AND MADE KNOWN TO THE BOARD OF DIRECTORS. NO DIRECTOR OR COMMITTEE MEMBER OF THE CREDIT UNION WILL PARTICIPATE IN THE DELIBERATION OF ANY QUESTION AFFECTING HIS OR HER OWN PECUNIARY INTEREST. SUCH DIRECTOR OR COMMITTEE MEMBER WILL WITHDRAW FROM THE DELIBERATION AND DECISION UPON SUCH INTEREST. FORM 990, PART VI, SECTION B, LINE 15 INDUSTRY BENCHMARK STANDARDS AS PROVIDED BY THRID PARTY COMPENSATION CONSULTANTS ARE USED ANNUALLY IN DETERMINING SENIOR MANAGEMENT COMPENSATION LEVELS. CEO SETS OFFICER SALARIES BASED ON INDUSTRY SURVEY AND PEER COMPARISON; BOARD OF DIRECTORS APPROVES RANGES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS AND OTHER INTERESTED PARTIES OF THE PUBLIC UPON REQUEST.