2025-10-14T15:37:27-05:00 2024-12-31 921372905 OPSAHL DAWSON 10940 NE 33RD PLACE SUITE 100 BELLEVUE WA 98004 990 2024-01-01 910684272 NORTHWEST PLUS CREDIT UNION NORT 4252971000 2821 HEWITT AVENUE EVERETT WA 982013890 TORRIE RAMOS PRESIDENT/CEO 4252971000 2025-10-10 1 0 LINDSEY SAS CPA P01620141 4258891778 2025-10-10 2024 2025-03-06 01:10:19Z TORRIE RAMOS 2821 HEWITT AVENUE EVERETT WA 982013890 13985929 0 X WWW.NWPLUSCU.COM X 1939 WA WE BRING HUMANITY TO FINANCIAL SERVICES. 7 7 68 11 72547 0 0 0 10741283 10963733 1850577 2890491 122367 131097 12714227 13985321 13450 15000 0 0 4256174 4555936 0 0 0 6253831 7567244 10523455 12138180 2190772 1847141 298821651 301456253 268696287 268221367 30125364 33234886 WE BRING HUMANITY TO FINANCIAL SERVICES. 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, 2024, NW PLUS CREDIT UNION HAD 15,612 MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 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 5698 0 1 68 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X BRIAN WALKER 4252971000 2821 HEWITT AVE EVERETT WA 98201 PAUL ERICKSON VICE CHAIRMAN 2.00 X X 0 0 0 GARY HEILMAN CHAIR 3.00 X X 0 0 0 JOHN CONDERMAN DIRECTOR 2.00 X 0 0 0 KIMBERLY STONE DIRECTOR 2.00 X 0 0 0 HARLAN MAYER SECRETARY 2.00 X X 0 0 0 ANGIE BOSSARTE DIRECTOR 2.00 X 0 0 0 ROD SNIFFEN DIRECTOR 2.00 X 0 0 0 BRIAN WALKER CFO 40.00 X 162635 0 12611 DEBRA DRISCOLL CLO 40.00 X 145378 0 2386 TORRIE RAMOS CEO/PRESIDENT 40.00 X 387924 0 0 DAN MINTON AVP IT & SECURITY 40.00 X 114942 0 2452 LYDIA GUEL FORMER MORTGAGE LOAN OFFICER 40.00 X 110805 0 1638 921684 0 19087 5 0 1 0 FISERV PO BOX 99924 GRAPEVINE TX 76099 CORE DATA PROCESSING SERVICES 930602 MOMENTUM INC 109 BELL STREET SUITE B SEATTLE WA 98121 GENERAL CONTRACTOR - HQ IT/SERVER ROOM R 422611 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 381432 BULLSEYE CREATIVE 317 N 148TH ST SHORELINE WA 98133 MARKETING 167203 PSR MECHANICAL PO BOX 101404 PASADENA CA 91189 HVAC, INCLUDING REPLACING 6 UNITS AT HQ 135671 5 LOAN INTEREST INCOME 522100 9389567 9389567 FEE INCOME 522100 1574166 1501619 72547 10963733 2891099 2891099 608 -608 -608 -608 LIFE INSURANCE POLICY 524113 131097 131097 131097 13985321 11021675 72547 2891099 15000 695937 3073822 197250 274797 314130 493 275 106902 240580 248438 788352 493470 553995 10394 24253 2646524 348739 63688 PROVISION FOR LOAN LOSS 1270000 LOAN SERVICING EXPENSES 688917 DUE & SUBSCRIPTIONS 44778 MISCELLANEOUS EXPENSES 34945 2501 12138180 1106203 1845184 29701504 36974406 1815680 1581147 185274758 179300310 260420 314556 10285477 4507015 5426623 5778462 65787509 66353543 9448954 9308645 298821651 301456253 13363277 8127337 255333010 260094030 268696287 268221367 X 0 0 0 0 30125364 33234886 30125364 33234886 298821651 301456253 1847141 1262381 0 X X 0 1 X 1 0 1579599 1579599 6585883 3103332 3482551 542957 129275 413682 1179403 986443 192960 397635 287965 109670 5778462 112464 F ALL OTHER INVESTMENTS 724644 F AVAILABLE FOR SALE 65516435 F 66353543 MEMBER SHARES AND DEPOSITS 258343977 NON-MEMBER DEPOSITS 1750053 260094030 13985321 0 13985321 0 13985321 12137572 0 12137572 608 608 12138180 PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 608. 1 SCHOLARSHIPS - RECIPIENTS LESS THAN $5,000 6 15000 PART I, LINE 2: ALL SCHOLARSHIP WINNERS MUST PROVIDE DETAILED INFORMATION REGARDING THE SCHOOL THEY WILL BE ATTENDING. A DESIGNATED CREDIT UNION STAFF MEMBER SENDS STUDENT INFO AND INSTRUCTIONS TO EACH SCHOOL ALONG WITH THE SCHOLARSHIP FUNDS. X 1 1 X X X 0 0 0 TORRIE RAMOS CEO/PRESIDENT 220204 0 26424 0 141296 0 0 0 0 0 387924 0 0 0 BRIAN WALKER CFO 146049 0 13486 0 3100 0 0 0 12611 0 175246 0 0 0 PART I, LINE 1A TORRIE RAMOS, PRESIDENT AND CEO, RECEIVED A LIFE INSURANCE POLICY WHERE THE PREMIUM WAS PAID FOR BY THE CREDIT UNION. TORRIE'S WAGES WERE GROSSED-UP TO COVER FEDERAL INCOME TAXES. FORM 990, PART I, LINE 6 ASSOCIATE BOARD MEMBERS ARE NON-VOTING, NON-ELECTED VOLUNTEERS THAT ATTEND BOARD MEETINGS AND OFFER GUIDANCE. SUPERVISORY COMMITTEE MEMBERS ARE VOLUNTEERS THAT PERFORM THE DUTIES OF THE SUPERVISORY COMMITTEE, IN ACCORDANCE WITH THE LAWS OF OUR LAND. 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 THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE MEMBERS TO A THREE-YEAR TERM. THE ELECTED VOLUNTEERS ARE ANNOUNCED AT THE ANNUAL MEETING HELD EACH MARCH. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CEO AND CFO AGAINST FINANCIALS AND OTHER SUPPORTING DOCUMENTS. THE BOARD OF DIRECTORS IS NOTIFIED THAT IT HAS BEEN FILED. THE 990 REPORTS ARE UPLOADED TO THEIR SECURE SITE FOR REVIEW. 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 THIRD PARTY COMPENSATION CONSULTANTS, ARE USED ANNUALLY IN DETERMINING SENIOR MANAGEMENT COMPENSATION. CEO REVIEWS AND SETS COMPENSATION FOR OTHER OFFICERS, TYPICALLY AS PART OF THEIR ANNUAL REVIEW PROCESS. 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. FORM 990, PART XII, LINE 2C: THE SUPERVISORY COMMITTEE HAS OVERSIGHT OF THE AUDIT AND THE CREDIT UNION CHANGED THE CPA FIRM FOR AUDITING THE 2024 DATA.