2015-11-16T14:24:00-06:00 2014-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2014-01-01 910576399 IQ CREDIT UNION IQCR 3606953441 1313 MAIN STREET VANCOUVER WA 98660 DEWAYNE LEDBETTER CFO/SVP FINANCE 3606953441 2015-11-16 1 REBECCA GRIFFITH P01207510 5032421447 2014 2016-02-25 16:41:14Z ROGER MICHAELIS 1313 MAIN STREET VANCOUVER WA 98660 69168013 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. 13 13 320 40 944512 67533 0 0 24584621 31399179 1811740 2254567 -90422 -1277476 26305939 32376270 113754 135019 0 0 10682969 13157214 0 0 0 10778093 13816896 21574816 27109129 4731123 5267141 508467996 746799732 467163703 684181848 41304293 62617884 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 70,549 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 0 0 1 13952 0 1 320 1 1 1 0 0 0 0 0 X 13 13 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 1 0 1 1 0 X DEWAYNE LEDBETTER 3607593018 1313 MAIN STREET VANCOUVER WA 98660 DR JAMES SORK BOARD CHAIRMAN 4.00 X X 0 0 0 JIM CHURCH BOARD VICE CHAIRMAN 3.00 X X 0 0 0 SHARON EASTMAN BOARD SECRETARY 3.00 X X 0 0 0 ED MAXWELL BOARD TREASURER 3.00 X X 0 0 0 JOAN DURGAN BOARD MEMBER 2.00 X 0 0 0 JIL CLICK BOARD MEMBER 2.00 X 0 0 0 JIM ASKEY BOARD MEMBER 2.00 X 0 0 0 JOSEPH NUTTING BOARD MEMBER 2.00 X 0 0 0 EVIE GRENHAHL BOARD MEMBER 2.00 X 0 0 0 STEVE PORTER BOARD MEMBER 2.00 X 0 0 0 DAVE MARSHALL BOARD MEMBER 2.00 X 0 0 0 DON KITTERMAN BOARD MEMBER 2.00 X 0 0 0 DOUG LEHRMAN BOARD MEMBER 2.00 X 0 0 0 ROGER MICHAELIS PRESIDENT/CEO 40.00 X 1602187 0 22071 DEWAYNE LEDBETTER CFO/SVP FINANCE 40.00 X 173203 0 35493 CHRIS O'MALLEY SVP BRANCH & SUPPORT OPERATIONS/CIO 40.00 X 151200 0 31137 RANDY SWANSON FINANCIAL INVESTMENTS MANAGER 40.00 X 150123 0 7561 DENIS MARSH VP INSURANCE SERVICES 40.00 X 147627 0 25840 DANETTE LACHAPELLE SVP COMMUNICATIONS 40.00 X 128812 0 24623 JON DAVIS FINANCIAL INVESTMENTS MANAGER 40.00 X 128604 0 10839 2481756 0 157564 11 0 1 0 JHA POWERLINK 1100 OLIVE WAY SUITE 320 SEATTLE WA 98101 DEBIT/CREDIT CARD PROCESSING 461601 INFO IMAGE 141 JEFFERSON DRIVE MENLO PARK CA 94025 MEMBER STATEMENTS 292144 APPRAISAL VALET INC 10260 SW GREENBURG ROAD SUITE 400 PORTLAND OR 97223 APPRAISAL SERVICES 230092 FTSI 406 E HUNTINGTON DRIVE SUITE 100 MONROVIA CA 91016 ATM MAINTENANCE SERVICES 185136 JACK HENRY & ASSOCIATES 663 W HIGHWAY 60 MONETT MO 65708 CORE SOFTWARE MAINTENANCE SERVICES 182160 6 LOAN INTEREST 522100 19170466 19170466 OTHER OPERATING INCOME 522100 6529553 5585041 944512 FEE INCOME 522100 5699160 5699160 31399179 2068017 2068017 36842392 135901 36627578 164165 214814 -28264 186550 186550 OTHER INCOME/LOSS 522100 -1277476 -1277476 -1277476 32376270 29177191 944512 2254567 130186 4833 1832954 8881221 586706 963443 892890 77074 119168 2070655 612173 788828 1173133 40333 353882 1048135 1839168 138060 LOAN SERVICING 2264535 ATM EXPENSES 1673025 LOAN LOSS PROVISION 1074222 TAXES ON UBIT 37500 507005 27109129 3504414 5652262 18722316 42921251 318023639 516402114 606233 801336 43538817 17918512 18879320 25620305 122603890 112453335 3284742 5826133 0 2153956 22843442 34969040 508467996 746799732 4010975 6794683 463152728 677387165 467163703 684181848 X 0 0 0 0 41304293 62617884 41304293 62617884 508467996 746799732 X 5267141 1338198 14708252 X 0 0 0 0 0 6108803 6108803 17547635 3547742 13999893 8089198 5387950 2701248 10179116 7473063 2706053 1614065 1509757 104308 25620305 SHARES/DEPOSITS 677387165 677387165 1 OREGON FOOD BANK PO BOX 55730 PORTLAND OR 97238 930785786 501(C)(3) 20000 WATERFRONT BLUES FEST SPONSOR - ELIMINATE HUNGER AND ITS CAUSES BRAVO VANCOUVER PO BOX 118 VANCOUVER WA 98666 911944790 501(C)(3) 15000 VANCOUVER WINE & JAZZ FEST SPONSOR - PROMOTE APPRECIATION OF JAZZ TRADITIONS FIRST TECHNOLOGY FEDERAL CREDIT UNION PO BOX 2100 BEAVERTON OR 97075 237062675 10000 DAVE & DAN OPEN SPONSOR - RAISE FUNDS AND AWARENESS FOR CHILDREN'S HOSPITALS ONE TEAM KIDS PO BOX 61 VANCOUVER WA 98666 462040931 501(C)(3) 7500 HOOPS ON THE RIVER SPONSOR - PROMOTE PHYSICAL FITNESS FOR CHILDREN VANCOUVER SCHOOL DISTRICT FOUNDATION PO BOX 6039 VANCOUVER WA 98668 910971800 501(C)(3) 7380 VSD NEW TEACHER ORIENTATION 4 1 SCHOLARSHIPS 9 4833 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 X X 1 1 X X X X 0 1 0 ROGER MICHAELIS PRESIDENT/CEO 348650 0 211425 0 1042112 0 8584 0 13487 0 1624258 0 1042112 0 DEWAYNE LEDBETTER CFO/SVP FINANCE 159269 0 13934 0 0 0 29187 0 6306 0 208696 0 0 0 CHRIS O'MALLEY SVP BRANCH & SUPPORT OPERATIONS/CIO 139526 0 11674 0 0 0 24831 0 6306 0 182337 0 0 0 RANDY SWANSON FINANCIAL INVESTMENTS MANAGER 47230 0 102893 0 0 0 1255 0 6306 0 157684 0 0 0 DENIS MARSH VP INSURANCE SERVICES 121718 0 25909 0 0 0 5168 0 20672 0 173467 0 0 0 DANETTE LACHAPELLE SVP COMMUNICATIONS 117522 0 11290 0 0 0 18317 0 6306 0 153435 0 0 0 PART I, LINE 1A THESE BENEFITS ARE PROVIDED TO THE CEO AS PART OF HIS EMPLOYMENT AGREEMENT. THE DISCRETIONARY SPENDING ACCOUNT IS INCLUDED IN THE CEO'S TAXABLE COMPENSATION. PART I, LINE 4B ROGER MICHAELIS, ED TURK, DEWAYNE LEDBETTER AND DANETTE LACHAPELLE PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THERE WERE NO CONTRIBUTIONS MADE DURING THE YEAR. A DISTRIBUTION IN THE AMOUNT OF $1,042,112 WAS MADE TO ROGER MICHAELIS DURING 2014. FORM 990, PART VI, SECTION A, LINE 4 THE CREDIT UNION'S BYLAWS WERE AMENDED. CHANGES WERE MADE TO REFLECT THE MERGER OF LACAMAS COMMUNITY CREDIT UNION AND AN INCREASE IN THE NUMBER OF BOARD MEMBERS FROM 9 TO 13. 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 11 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 ANNUALLLY 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 15 CEO SALARY IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD AND COMMITTEE MINUTES ARE KEPT. TOP MANAGEMENT SALARY IS DETERMINED BY THE CEO USING A THIRD PARTY VENDOR FOR COMPARABILITY. 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 (LOSS) 1,015,444. EQUITY AQUIRED IN MERGER 13,692,808. 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 160222 913828 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 CLARK FINANCIAL SERVICES INC D 88598 FMV