2025-11-07T09:52:59-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 2707 COLBY AVENUE SUITE 801 EVERETT WA 98201 990 2024-01-01 910593941 SALAL CREDIT UNION SALA 2062989394 9706 4TH AVENUE NE 400 SEATTLE WA 98115 RUSSELL E ROSENDAL PRESIDENT/CEO 2608267603 2025-11-06 1 1 EMINA O CRESSWELL P01217304 4252597227 2025-10-22 2024 2025-03-06 01:10:19Z RUSSELL E ROSENDAL 9706 4TH AVENUE NE 400 SEATTLE WA 98115 77602041 0 X WWW.SALALCU.ORG X 1948 WA WE ELIMINATE FINANCIAL OBSTACLES TO HELP EVERYDAY VISIONARIES REALIZE THEIR FULL POTENTIAL. 6 6 261 6 204453 0 0 0 68887854 68946767 5660850 6637232 417244 626439 74965948 76210438 253944 60000 0 0 30552263 29558263 0 0 0 37400556 45119820 68206763 74738083 6759185 1472355 1217780482 1177190511 1129375823 1086382445 88404659 90808066 WE ELIMINATE FINANCIAL OBSTACLES TO HELP EVERYDAY VISIONARIES REALIZE THEIR FULL POTENTIAL. 0 0 SALAL CREDIT UNION IS A STATE CHARTERED NON-PROFIT COOPERATIVE CREDIT UNION OFFERING ITS MEMBERS A VARIETY OF FINANCIAL SERVICES DESIGNED TO PROMOTE SAVING AND PROVIDE CREDIT AT FAIR AND REASONABLE RATES OF INTEREST. SALAL CREDIT UNION CURRENTLY SERVES 60,000 MEMBERS; HOWEVER THERE ARE APPROXIMATELY 4,000,000 POTENTIAL MEMBERS IN THE GREATER PUGET SOUND COMMUNITY. SALAL CREDIT UNION OFFERS FINANCIAL LITERACY/EDUCATION PROGRAMS THROUGH BALANCE FINANCIAL FITNESS PROGRAM TO MEMBERS AND EMPLOYEES. THESE EDUCATIONAL PROGRAMS ARE DESIGNED TO HELP INDIVIDUALS IN BUDGETING, SAVING FOR MAJOR PURCHASES, COLLEGE, AND RETIREMENT AND OVERALL FINANCIAL MANAGEMENT. SALAL CREDIT UNION IS ACTIVE IN THE COMMUNITY BY CONTRIBUTING TO THE FUNDRAISING EFFORTS OF SEVERAL WORTHWHILE ORGANIZATIONS SUCH AS HEALTHPOINT, INTERNATIONAL COMMUNITY HEALTH SERVICES (ICHS), NORTHWEST CREDIT UNION FOUNDATION, NORTHWEST HARVEST, AND KING COUNTY NURSES ASSOCIATION. SALAL CREDIT UNION ALSO PROVIDES MATCHING CONTRIBUTIONS FOR EMPLOYEES AND DIRECTORS TO APPROVED 501(C)(3) ORGANIZATIONS UP TO $500 PER YEAR. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 1 9224 0 1 261 1 1 1 0 0 0 0 0 1 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X RANDY CLOES 2068267807 9706 4TH AVENUE NE NO 400 SEATTLE WA 98115 BRIAN LUONG BOARD CHAIR 0.50 X X 0 0 0 ALAN LEDERMAN VICE CHAIR 0.50 X X 0 0 0 CATHERINE BAILEY BOARD SECRETARY 0.50 X X 0 0 0 SOPHIE BROUGHAM BOARD MEMBER 0.50 X 0 0 0 NISHAT AKHTER BOARD MEMBER 0.50 X 0 0 0 QUYNH NGUYEN BOARD MEMBER 0.50 X 0 0 0 LAURA MCMILLAN BOARD MEMBER 0.50 X 0 0 0 KAREN SCHARTMAN BOARD MEMBER 0.50 X 0 0 0 MAGNUS ANDERSSON BOARD MEMBER 0.50 X 0 0 0 RUSSELL E ROSENDAL PRESIDENT/CEO 40.00 X 1541011 0 45621 ROBERT W SCHWEIGERT SVP - CHIEF LENDING OFFICER 40.00 X 324344 0 35538 RANDY WILLIAM CLOES SVP - CFO 40.00 X 319358 0 37878 TROY-SKOTT POPE SVP - CHIEF DIGITAL/STRATEGY OFFICER 40.00 X 321322 0 20695 JUDY LOVELESS-MORRIS SVP - CHIEF DIVERSITY & PEOPLE 40.00 X 310103 0 19940 BRETT BALLMAN VP - DIRECTOR OF BUSINESS 40.00 X 238103 0 10490 KARI STENSLIE VP - CONTROLLER 40.00 X 208569 0 21468 CHRISTIAN GRUNERT FVP - INFORMATION TECHNOLOGY 40.00 X 216238 0 21202 SAMANTHA HARBERT FVP - HOME LENDING & RETAIL 40.00 X 224118 0 17935 MATTHEW W VANCE VP - MARKETING & PROD. DEVELOPMENT 40.00 X 188204 0 41466 MUNZER J SUKHUN VP - BUSINESS SERVICES 40.00 X 185521 0 28474 SYLVIA POPE VP - PROGRAM MANAGEMENT 40.00 X 169514 0 27263 KEVIN KNOWLES VP - CREDIT ADMINISTRATION 40.00 X 174648 0 22331 NANETTE COURTNEY SENIOR MGR FINANCIAL CRIMES & BSA OFFICE 40.00 X 162113 0 24273 ANGELA RAHAM SENIOR MANAGER OF BUSINESS BANKING 40.00 X 152908 0 38401 JAMES A MILLSAP DEALER DIRECT ACCOUNT MANAGER 40.00 X 173121 0 18676 MEGAN DESILVA DEALER DIRECT SALES MANAGER 40.00 X 144692 0 37843 KEITH PRICE SENIOR MANAGER OF DATA STRATEGY 40.00 X 188165 0 10349 MATTHEW HEITLAND VP - APPLICATION DEVELOPMENT 40.00 X 187878 0 20025 PHILLIP FALCK SENIOR PROJECT MANAGER 40.00 X 143951 0 20752 EILEEN MAGNUSSON VP DIR OF HUMAN RESOURCES (THRU 07/24) 40.00 X 103359 0 17680 5677240 0 538300 91 1 1 0 EMPYREAL ENTERPRISES MA LLC 2000 OXFORD DR STE 440 BETHEL PARK PA 15102 CASH COURIER 2129467 ALKAMI TECHNOLOGY INC 5601 GRANITE PARKWAY STE 120 PLANO TX 75024 DATA PROCESSING 931482 JACK HENRY & ASSOCIATES INC PO BOX 609 MONET MO 65708 DATA PROCESSING 830227 SOFTCHOICE CORPORATION 16609 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 SOFTWARE & IT 818954 NEW DIMENSION INTERIOR INC 7331 NE 150TH ST KENMORE WA 98028 CONSTRUCTION 495468 32 INTEREST ON MEMBER LOANS 522291 51099069 51099069 SERVICE CHARGES & FEE INCOME 522200 14414414 14268153 146261 NET GAINS ON SALES OF LOANS 523000 3176424 3176424 OTHER NON-INTEREST INCOME 522299 256860 256860 68946767 6636132 6636132 2001245 1391603 609642 609642 41395 568247 1100 0 1100 1100 1100 SUBSIDIARY INVESTMENT 900001 16797 16797 16797 76210438 68800506 204453 7205479 60000 5293088 18522927 972064 2800766 1969418 131123 807202 402220 3433012 884811 929319 2792189 1777746 312025 22060031 1980835 212065 PROVISION FOR LOAN LOSS 4048630 DATA PROCESSING 1941570 TRANSACTION EXPENSES 1859943 CREDIT UNION OPERATING 1432253 114846 74738083 20755376 16141427 6177579 49487346 15231864 15626825 990658841 924294188 2709654 3343518 45079855 18839145 28078931 26240710 134097535 125491154 4440123 2195255 15630579 14370088 1217780482 1177190511 23636064 27539451 63825187 12821348 1041914572 1046021646 1129375823 1086382445 X 0 0 0 0 88404659 90808066 88404659 90808066 1217780482 1177190511 X 1472355 921633 9419 X 0 1 X 1 0 0 0 8008645 8008645 19428532 4908091 14520441 10572163 7398418 3173745 7070515 6532636 537879 26240710 MEMBER SHARES 1044386521 LEASE LIABILITIES 1635125 1046021646 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501 OF THE INTERNAL REVENUE CODE (IRC) OF 1954; HOWEVER, THE CREDIT UNION'S UNRELATED BUSINESS INCOME IS SUBJECT TO FEDERAL INCOME TAXES. THERE WERE NO SIGNIFICANT INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2024 OR 2023. ACCOUNTING PRINCIPLES PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CREDIT UNION ADOPTED THE PROVISIONS OUTLINED IN THIS GUIDANCE ON JANUARY 1, 2009. THE CREDIT UNION HAD NO UNRECOGNIZED TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE JANUARY 1, 2009, BEGINNING BALANCE OF UNDIVIDED EARNINGS. THE CREDIT UNION HAD NO UNRECOGNIZED TAX POSITIONS AT DECEMBER 31, 2024 OR 2023. IT IS THE CREDIT UNION'S POLICY TO RECORD ANY PENALTIES OR INTEREST ARISING FROM FEDERAL OR STATE TAXES AS A COMPONENT OF NONINTEREST EXPENSE. THE CREDIT UNION FILES EXEMPT ORGANIZATION AND UNRELATED BUSINESS INCOME TAX RETURNS WITHIN THE FEDERAL JURISDICTION. 1 SALAL FOUNDATION PO BOX 75029 SEATTLE WA 98175 463476338 501(C)(3) 60000 0 GENERAL SUPPORT 1 0 PART I, LINE 2: THE ORGANIZATION OFFERS SCHOLARSHIP OPPORTUNITIES TO THE MEMBERS OF THE KING COUNTY NURSES ASSOCIATION AND THE MARY MAHONEY NURSES ASSOCIATION. GRANTS ARE ALSO PROVIDED TO THE KING COUNTY NURSES ASSOCIATION TO SUPPORT NURSES WHO APPLY FOR COMMUNITY SUPPORT ACTIVITIES. THE NURSES WHO RECEIVE THE FUNDS ARE VETTED BY THE ASSOCIATION. THE ORGANIZATION OFFERS ONGOING SUPPORT TO VARIOUS ANNUAL FUNDRAISING CAMPAIGNS. THE ORGANIZATION HAS AN ONGOING RELATIONSHIP WITH EACH DONEE ORGANIZATION, ATTENDS THE FUNDRAISING EVENTS, AND THE BUSINESS DEVELOPMENT OFFICER MAINTAINS CONTACT WITH DONEE ORGANIZATION OFFICERS THROUGHOUT THE YEAR. THE AMOUNT ON THE FUNCTIONAL EXPENSES IS THE ORGANIZATION ACCRUAL FOR FUTURE CONTRIBUTIONS FOR WHICH RECIPIENTS HAVE NOT YET BEEN IDENTIFIED AT TIME OF ACCRUAL. X X 1 1 X X X X 1 1 0 RUSSELL E ROSENDAL PRESIDENT/CEO 540629 0 134259 0 866123 0 6411 0 39210 0 1586632 0 813894 0 ROBERT W SCHWEIGERT SVP - CHIEF LENDING OFFICER 268804 0 49400 0 6140 0 8733 0 26805 0 359882 0 0 0 RANDY WILLIAM CLOES SVP - CFO 265672 0 47300 0 6386 0 11076 0 26802 0 357236 0 0 0 TROY-SKOTT POPE SVP - CHIEF DIGITAL/STRATEGY OFFICER 266377 0 47500 0 7445 0 6155 0 14540 0 342017 0 0 0 JUDY LOVELESS-MORRIS SVP - CHIEF DIVERSITY & PEOPLE 260374 0 46500 0 3229 0 8264 0 11676 0 330043 0 0 0 BRETT BALLMAN VP - DIRECTOR OF BUSINESS 213623 0 20551 0 3929 0 8515 0 1975 0 248593 0 0 0 SAMANTHA HARBERT FVP - HOME LENDING & RETAIL 192412 0 21836 0 9870 0 4803 0 13132 0 242053 0 0 0 CHRISTIAN GRUNERT FVP - INFORMATION TECHNOLOGY 191650 0 19246 0 5342 0 8057 0 13145 0 237440 0 0 0 KARI STENSLIE VP - CONTROLLER 190411 0 12658 0 5500 0 8203 0 13265 0 230037 0 0 0 MATTHEW W VANCE VP - MARKETING & PROD. DEVELOPMENT 166588 0 17300 0 4316 0 7896 0 33570 0 229670 0 0 0 MUNZER J SUKHUN VP - BUSINESS SERVICES 171547 0 11290 0 2684 0 6834 0 21640 0 213995 0 0 0 MATTHEW HEITLAND VP - APPLICATION DEVELOPMENT 172815 0 11246 0 3817 0 7102 0 12923 0 207903 0 0 0 KEITH PRICE SENIOR MANAGER OF DATA STRATEGY 178426 0 7270 0 2469 0 0 0 10349 0 198514 0 0 0 KEVIN KNOWLES VP - CREDIT ADMINISTRATION 160211 0 10700 0 3737 0 1100 0 21231 0 196979 0 0 0 SYLVIA POPE VP - PROGRAM MANAGEMENT 154561 0 10503 0 4450 0 6761 0 20502 0 196777 0 0 0 JAMES A MILLSAP DEALER DIRECT ACCOUNT MANAGER 58356 0 107205 0 7560 0 7000 0 11676 0 191797 0 0 0 ANGELA RAHAM SENIOR MANAGER OF BUSINESS BANKING 138786 0 12417 0 1705 0 3250 0 35151 0 191309 0 0 0 NANETTE COURTNEY SENIOR MGR FINANCIAL CRIMES & BSA OFFICE 153833 0 6770 0 1510 0 0 0 24273 0 186386 0 0 0 MEGAN DESILVA DEALER DIRECT SALES MANAGER 115646 0 21558 0 7488 0 6171 0 31672 0 182535 0 0 0 PHILLIP FALCK SENIOR PROJECT MANAGER 124596 0 10405 0 8950 0 4913 0 15839 0 164703 0 0 0 EILEEN MAGNUSSON VP DIR OF HUMAN RESOURCES (THRU 07/24) 89616 0 11100 0 2643 0 4392 0 13288 0 121039 0 0 0 PART I, LINE 1A THE ORGANIZATION PAYS FOR TRAVEL OF COMPANIONS OF THE BOARD OF DIRECTORS AND CEO. THE ORGANIZATION PAYS HEALTH CLUB DUES FOR THE CEO - ATHLETIC CLUB MEMBERSHIP. THIS IS TREATED AS TAXABLE INCOME TO THE INDIVIDUAL, AS APPROPRIATE. PART I, LINES 4A-B THE CREDIT UNION HAS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR THE CHIEF EXECUTIVE OFFICER WHEREBY THE CREDIT UNION MAKES SCHEDULED MONTHLY CONTRIBUTIONS TO INVESTMENT ACCOUNTS AND THE CHIEF EXECUTIVE OFFICER WILL BE ENTITLED TO THE BALANCE OF THE INVESTMENT ACCOUNTS UPON HIS 65TH BIRTHDAY (DECEMBER 2024), SUBJECT TO CERTAIN CONDITIONS IN THE AGREEMENT. FOR THE YEAR ENDING DECEMBER 31, 2024 THE CEO BECAME VESTED IN $813,894. CERTAIN OFFICERS AND KEY EMPLOYEES PARTICIPATE IN THE SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENT THAT IS TREATED AS A SPLIT-DOLLAR LOAN UNDER TREASURY REGULATIONS SECTION 1.7872-15. THE CREDIT UNION ALSO HAS A DEFERRED COMPENSATION PLAN WITH THE VICE PRESIDENT OF CREDIT ADMINISTRATION AND IT STRATEGY & INNOVATION SENIOR MANAGER. ANNUAL ACCRUALS ARE MADE AND THE PARTICIPANTS WILL BE ENTITLED TO THE ACCRUED AMOUNTS AFTER FIVE YEARS. FOR THE YEAR ENDING DECEMBER 31, 2024, $2,802 AND $2,925, RESPECTIVELY, WERE ACCRUED. BRETT BALLMAN KEY EMPLOYEE 2019 COLLATERAL-ASSIGNMENT SPLIT-DOLLAR ARRANGEMENT X 68064 76698 0 1 1 TROY-SKOTT POPE OFFICER 2019 COLLATERAL-ASSIGNMENT SPLIT-DOLLAR ARRANGEMENT X 709906 799728 0 1 1 RANDY CLOES OFFICER 2019 COLLATERAL-ASSIGNMENT SPLIT-DOLLAR ARRANGEMENT X 709236 781397 0 1 1 CHRISTIAN GRUNERT KEY EMPLOYEE 2019 COLLATERAL-ASSIGNMENT SPLIT-DOLLAR ARRANGEMENT X 115871 130532 0 1 1 MICHAEL BISHOP FORMER KEY EMPLOYEE 2019 COLLATERAL-ASSIGNMENT SPLIT-DOLLAR ARRANGEMENT X 80144 92885 0 1 1 MATTHEW VANCE KEY EMPLOYEE 2020 COLLATERAL-ASSIGNMENT SPLIT-DOLLAR ARRANGEMENT X 75651 85223 0 1 1 BRETT BALLMAN KEY EMPLOYEE 2020 COLLATERAL-ASSIGNMENT SPLIT-DOLLAR ARRANGEMENT X 625000 671091 0 1 1 TROY-SKOTT POPE OFFICER 2020 COLLATERAL-ASSIGNMENT SPLIT-DOLLAR ARRANGEMENT X 1650000 1771680 0 1 1 RANDY CLOES OFFICER 2020 COLLATERAL-ASSIGNMENT SPLIT-DOLLAR ARRANGEMENT X 3000000 3150420 0 1 1 CHRISTIAN GRUNERT KEY EMPLOYEE 2020 COLLATERAL-ASSIGNMENT SPLIT-DOLLAR ARRANGEMENT X 850000 912684 0 1 1 MICHAEL BISHOP FORMER KEY EMPLOYEE 2020 COLLATERAL-ASSIGNMENT SPLIT-DOLLAR ARRANGEMENT X 455000 499419 0 1 1 SAMANTHA HARBERT KEY EMPLOYEE 2020 COLLATERAL-ASSIGNMENT SPLIT-DOLLAR ARRANGEMENT X 250000 268436 0 1 1 EILEEN MAGNUSSON KEY EMPLOYEE 2020 COLLATERAL-ASSIGNMENT SPLIT-DOLLAR ARRANGEMENT X 475000 373519 0 1 1 ROBERT SCHWEIGERT OFFICER 2020 COLLATERAL-ASSIGNMENT SPLIT-DOLLAR ARRANGEMENT X 2571937 2700894 0 1 1 JUDY LOVELESS-MORRIS OFFICER 2022 COLLATERAL-ASSIGNMENT SPLIT-DOLLAR ARRANGEMENT X 2425000 2556037 0 1 1 MATTHEW VANCE KEY EMPLOYEE 2020 COLLATERAL-ASSIGNMENT SPLIT-DOLLAR ARRANGEMENT X 375000 402655 0 1 1 MATTHEW VANCE KEY EMPLOYEE CUSTOM FIT HOME EQUITY X 27038 23298 0 1 1 EILEEN MAGNUSSON KEY EMPLOYEE USED AUTO - CUDL X 43016 16119 0 1 1 SYLVIA POPE KEY EMPLOYEE USED AUTO X 12000 650 0 1 1 RANDY CLOES OFFICER CUSTOM FIT HOME EQUITY X 325000 258500 0 1 1 KEVIN KNOWLES KEY EMPLOYEE USED AUTO X 34973 27197 0 1 1 KEVIN KNOWLES KEY EMPLOYEE USED AUTO X 35807 27616 0 1 1 RUSSELL ROSENDAL OFFICER VISA CONSUMER REWARDS X 10000 147 0 0 0 15626825 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS DRAFTED BY AN EXTERNAL ACCOUNTING FIRM AND COMPANY CONTROLLER AND IS THEN REVIEWED AND APPROVED BY THE CFO. FORM 990, PART VI, SECTION B, LINE 12C IT IS MANDATORY THAT ALL EMPLOYEES ANNUALLY SIGN AN ETHICS STATEMENT ACKNOWLEDGING THAT THEY HAVE NOT RECEIVED ITEMS OR GIFTS WORTH MORE THAN $50. IN ADDITION, THE EXECUTIVE TEAM AND THE BOARD OF DIRECTORS SIGN AN ATTESTATION IN REGARDS TO THIS. EACH DEPARTMENT MANAGER HAS A DUTY TO REPORT ANY VIOLATIONS OF THIS POLICY IMMEDIATELY TO THE COMPLIANCE DEPARTMENT. ALL POLICY VIOLATIONS INCLUDE AN INVESTIGATION. IF THE ORGANIZATION FINDS THAT THERE WAS A VIOLATION, IT CONCLUDES THE INVESTIGATION WITH DISCIPLINARY ACTION UP TO AND INCLUDING TERMINATION. THE POLICY APPLIES TO EMPLOYEES AND BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S HUMAN RESOURCES DEPARTMENT SUBSCRIBES TO TWO ANNUAL FINANCIAL INSTITUTIONS COMPENSATION SURVEYS. COMPENSATION FOR EXECUTIVE OFFICERS IS APPROVED BY THE CEO IN CONSULTATION WITH THE INDEPENDENT EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. COMPENSATION FOR THE CEO IS RECOMMENDED BY THE EXECUTIVE COMMITTEE AFTER REVIEWING MATERIAL PREPARED BY A CONSULTANT HIRED BY THE COMMITTEE OR ANALYSIS COMPLETED BY HEAD OF HUMAN RESOURCES. FINAL APPROVAL IS SUBJECT TO FULL BOARD APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE AT THE ANNUAL MEETING. BALANCE SHEETS ARE POSTED AT EACH BRANCH AND UPDATED MONTHLY. MEMBERS ARE DIRECTED TO THE NCUA WEBSITE FOR ADDITIONAL FINANCIAL INFORMATION. FORM 990, PART XI, LINE 9: SUBSIDIARY INCOME BOOK/TAX DIFFERENCE 9,419. LENDING SOLUTIONS NORTHWEST LLC 9706 4TH AVENUE NE NO 400 SEATTLE WA 98115 461812634 INVESTMENTS THAT FURTHER THE CREDIT UNIONS MISSION WA 0 306270 SALAL CREDIT UNION SCU HOLDINGS LLC 9706 4TH AVENUE NE NO 400 SEATTLE WA 98115 814624261 HOLD REAL ESTATE WA 3379335 27028060 SALAL CREDIT UNION SALAL FOUNDATION 9706 4TH AVENUE NE NO 400 SEATTLE WA 98115 463476338 SUPPORTS PHILANTHROPIC ACTIVITIES WA 501(C)(3) LINE 7 SALAL CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 SALAL FOUNDATION B 60000 FMV