2012-08-08T15:55:26-05:00 2011-12-31 910189318 Moss Adams LLP 601 W Riverside Suite 1800 Spokane WA 992010629 990 2011-01-01 910616262 Gesa Credit Union GESA 5099461611 51 Gage Blvd Richland WA 99352 Steven Oord 5099461611 2012-08-08 1 Cheri R Burnham CPA P00055324 5097472600 2011 2016-02-24 21:20:13Z Christina C Lethlean 51 Gage Blvd Richland WA 99352 142754338 0 1269 X www.gesa.com X 1953 WA Provide financial services to 105,167 members. These services include, but are not limited to, providing auto and other secured/unsecured consumer loans, checking and savings programs, and credit card services. 9 9 376 9 110570 60757 0 0 48942216 54095975 6659857 4560945 21941 70246 55624014 58727166 10000 18000 0 0 17661513 17595779 0 0 0 32201184 30802292 49872697 48416071 5751317 10311095 1017020152 1125090259 933047325 1030885962 83972827 94204297 Members have access to a broad range of financial products and services that enable them to prosper at a cost justified by the result. 0 0 Offer comprehensive range and competitively priced loan products to members. Gesa offers a wide range of loan products including, but not limited to, autos, RVs, marine equipment, first mortgage, home equity, credit card, commercial and various secured and unsecured loans. Offer comprehensive and competitively yielding savings products to members. Gesa offers a wide variety of savings products to members, which include, but are not limited to basic Savings, Holiday Club, Vacation Club, Commercial Savings, Certificate Accounts, IRA Certificates, IRA Savings and Money Market accounts. Gesa continues to be a leader in our area on Savings Account rates. Offer low cost services to members which will enable them to achieve their desired financial goals. 0 0 0 0 0 0 0 1 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 0 1 26687 0 1 376 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 1 1 X Steve J Oord 5099461611 51 Gage Blvd Richland WA 99352 William Melberg 5.00 X X 1750 0 0 Gregg Andrews 5.00 X X 1306 0 0 William Roberts Jr 5.00 X X 1959 0 0 Peter Smith 5.00 X 1251 0 0 Iris Anderson 5.00 X 0 0 0 Stephen Arneson 5.00 X 812 0 0 Manuel Chavallo 5.00 X 1715 0 0 Robert Follett 5.00 X 1308 0 0 Paul Korstad 5.00 X 924 0 0 Christina C Lethlean 60.00 X 497334 0 63704 Steven J Oord 50.00 X 157380 0 25865 Jim Delyea 50.00 X 184219 0 23966 Jerry Sims 50.00 X 165164 0 21698 Brett Jorgenson 50.00 X 189298 0 24384 Don Miller 50.00 X 192810 0 34436 Douglas Kellogg 40.00 X 139050 0 19305 Fernando Avalos 40.00 X 133383 0 28243 Dannette Warren 40.00 X 156233 0 30485 Randy Wacker 40.00 X 135845 0 18673 Gail Brown 40.00 X 153209 0 20764 2114950 0 311523 18 0 1 0 Fiserv PO Box 41770 Nashville TN 37204 Information Systems 1604919 Black Box Network Services Dept LA 21578 Pasadena CA 91185 Communications/Infrastructure 870441 Open Solutions PO Box 416564 Boston MA 02241 Information Systems 457320 Fundsxpress PO Box 3366 Omaha NE 68176 Merchant Processing Service 406570 BIT 710 SW 34th St Renton WA 98057 Member Statement Producer 380000 26 Member Loan Interest 522100 41248316 41248316 Member Fees & Charges 522100 12847659 12738107 109552 54095975 3224200 1018 3223182 84666 14420 70246 70246 70246 5905000 79444497 5873671 78139081 31329 1305416 1336745 1336745 58727166 53986423 110570 4630173 18000 1591285 11415523 1295348 2123489 1170134 110723 99068 1576068 1305353 4104038 1225390 524983 48453 8771873 2585851 158445 Provision for Loan Loss 5984181 Share Insurance 2338006 Credit and Collection C 1436264 Miscellanous 413169 120427 48416071 73697838 50793208 57885600 66851928 2888331 2892921 735637876 853547126 5627995 5560477 62839446 13035241 48440539 49804205 76862806 78697919 15979167 16942475 1017020152 1125090259 14004281 14309155 156832 143275 706770 1212196 918179442 1015221336 933047325 1030885962 X 0 0 0 0 83972827 94204297 83972827 94204297 1017020152 1125090259 X 10311095 -79625 X 0 0 0 1 706770 7780851 7275425 1212196 1 9952705 9952705 35320631 4347056 30973575 255466 172366 83100 14554167 8515819 6038348 2756477 2756477 49804205 Government Agency Mortgage Backed Securities 25944775 C Government Agency Debenture Notes and Bonds 19439035 C Investments Available for Sale 33314109 F 78697919 Member Deposits and Accounts 1015221336 1015221336 Part IV, Line 1b: Gesa maintains first mortgage escrows in a liability account on the balance sheet and makes necessary payments from this account. Part IV, Line 2b: Gesa maintains first mortgage escrows in a liability account on the balance sheet and makes necessary payments from this account. 1 College Scholarships 9 18000 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Payment of scholarship awards is made directly to a college or university upon verification of the recipient's enrollment. Failure to maintain full time status at school will result in the cancellation of scholarships and all unused funds are returned to Gesa Credit Union. X 1 1 X X X 0 0 0 Christina C Lethlean 374660 0 122224 0 450 0 50790 0 12914 0 561038 0 0 0 Steven J Oord 128975 0 19653 0 8752 0 16036 0 9829 0 183245 0 0 0 Jim Delyea 157154 0 26765 0 300 0 18800 0 5166 0 208185 0 0 0 Jerry Sims 133723 0 22113 0 9328 0 16772 0 4926 0 186862 0 0 0 Brett Jorgenson 152973 0 26785 0 9540 0 19218 0 5166 0 213682 0 0 0 Don Miller 160366 0 23774 0 8670 0 19665 0 14771 0 227246 0 0 0 Douglas Kellogg 57700 0 0 0 81350 0 14157 0 5148 0 158355 0 0 0 Fernando Avalos 58291 0 0 0 75092 0 13607 0 14636 0 161626 0 0 0 Dannette Warren 57700 0 0 0 98533 0 15961 0 14524 0 186718 0 0 0 Randy Wacker 81891 0 0 0 53954 0 13826 0 4847 0 154518 0 0 0 Gail Brown 59085 0 0 0 94124 0 15625 0 5139 0 173973 0 0 0 Part I, Line 1a Board members William Melberg, Gregg Andrews, William Roberts Jr., Peter Smith, Stephen Arneson, Manuel Chavallo, Robert Follett, and Paul Korstad received 1099s for travel expenses for companions. Form 990, Part VI, Section A, line 6 The Credit Union is composed of one class of members. Form 990, Part VI, Section A, line 7a The Credit Union members elect members of the Board of Directors. Form 990, Part VI, Section B, line 11 The Senior Accounting Specialist and CFO review the Credit Union's Form 990 and then present to the Board of Directors. Form 990, Part VI, Section B, line 12c The Credit Union regularly and consistently monitors and enforces compliance with the conflict of interest policy. Each employee has the responsibility for demonstrating their compliance with this policy, and all potential employees will review and sign this policy before consideration for employment. Form 990, Part VI, Section B, line 15a The Credit Union's procedures for determining compensation of the CEO include compensation surveys and approval by the Board. Form 990, Part VI, Section C, line 18 Forms 1024, 990 and 990-T are available upon request. Form 990, Part VI, Section C, line 19 Governing documents, conflict of interest policy and financial statements are available upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -79,625.