2011-11-15T15:47:01-06:00 2010-12-31 MOSS ADAMS LLP 805 SW BROADWAY 1200 PORTLAND OR 97205 990 2010-01-01 910576399 IQ CREDIT UNION IQCR 3606953441 PO BOX 1739 VANCOUVER WA 986681739 ROGER MICHAELIS 3606953441 2011-11-15 1 WENDY CAMPOS 5032421447 2010 2016-02-24 21:20:13Z ROGER MICHAELIS PO BOX 1739 VANCOUVER WA 986681739 27398753 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. 9 9 223 29 714800 -9849 0 0 28032935 26636422 1641060 1432456 -1583875 -694751 28090120 27374127 120416 80336 0 0 9932845 8903671 0 0 0 21349567 17464281 31402828 26448288 -3312708 925839 427934003 433545031 401155461 404243490 26778542 29301541 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 45,597 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 1 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 13944 0 1 223 1 1 1 0 0 0 0 0 X 9 9 0 0 0 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 1.00 X X 0 0 0 SCOTT BIEBER 1.00 X X 0 0 0 DOUG LEHRMAN 1.00 X X 0 0 0 EVIE GRENDAHL 1.00 X 0 0 0 STEVE PORTER 1.00 X 0 0 0 ED MAXWELL 1.00 X 0 0 0 DON KITTERMAN 1.00 X 0 0 0 BILL HOGAN 1.00 X 0 0 0 SHARON EASTMAN 1.00 X 0 0 0 ROGER MICHAELIS 40.00 X 913339 0 10226 DEWAYNE LEDBETTER 40.00 X 121082 0 5707 JIM MORRELL 40.00 X 121968 0 5113 ED TURK 40.00 X 136510 0 5443 DANETTE LACHAPELLE 40.00 X 107495 0 5869 JIM JONES 40.00 X 113524 0 5113 RANDY SWANSON 40.00 X 118652 0 5113 1632570 0 42584 8 0 1 0 0 LOAN INTEREST 522100 17607923 17607923 FEES AND CHARGES 522100 6207614 6207614 OTHER OPERATING INCOME 522100 2820885 2106085 714800 26636422 1407057 1407057 50025 24626 25399 25399 25399 OTHER INCOME/LOSS 522100 25671 25671 OREO IMPAIRMENT LOSS 522100 -113762 -113762 CAPITAL INVEST IMPAIRM 522100 -606660 -606660 -694751 27374127 25833531 714800 825796 76336 4000 1050354 6279355 240506 695159 638297 105178 123793 561675 503139 1594969 1081187 19876 143438 3021329 1672496 137090 LOAN LOSS PROVISION 5209450 LOAN SERVICING 1311011 SHARE DRAFTS 1052141 OPERATIONS EXPENSES 640251 TAXES ON UBIT 138787 148471 26448288 2428182 2392106 30982434 39775661 304806080 281597806 545107 24016 30222022 11765288 20088317 18456734 57846414 74821074 11237469 16477634 427934003 433545031 6283618 3205763 136518 163361 394735325 400874366 401155461 404243490 X 0 0 0 0 26778542 29301541 26778542 29301541 427934003 433545031 X 925839 1597160 X 0 0 0 2000 2000 2000 1 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: PART I-A, LINE 1: THE CREDIT UNION TRANSFERRED ITS OWN FUNDS TO WASHINGTON CREDIT UNION LEAGUE. 0 1 3268946 3268946 13213662 2030741 11182921 5946947 3483972 2462975 4242014 3128838 1113176 3550453 3121737 428716 18456734 878839 F AVAILABLE FOR SALE 55957370 F CREDIT UNIONS AND BANKS 17104000 F OTHER INVESTMENTS 880865 F 74821074 SHARES/DEPOSITS 400874366 400874366 PART IV, LINE 2B: THE ESCROW ACCOUNT LIABILITY SHOWN ON FORM 990, PART X, LINE 21 IS FOR PROPERTY TAXES AND INSURANCE RELATING TO MEMBER MORTGAGES. 1 OREGON FOOD BANK PO BOX 55730 PORTLAND OR 97238 930785786 501(C)(3) 20000 ELIMINATE HUNGER AND ITS CAUSES BRAVO VANCOUVER 601 MAIN STREET SUITE 301 VANCOUVER WA 98666 911944790 501(C)(3) 15000 PROMOTE APPRECIATION OF JAZZ TRADITIONS OREGON CREDIT UNION FOUNDATION PO BOX 1900 BEAVERTON OR 97075 930927709 501(C)(3) 10000 FUND SCHOLARSHIPS AND CHARITABLE ACTIVITIES OF CREDIT UNIONS 3 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 234288 0 48762 0 630289 0 0 0 10226 0 923565 0 0 0 PART I, LINE 4B ROGER MICHAELIS, ED TURK, DEWAYNE LEDBETTER, DANETTE LACHAPELLE AND JIM MORELL PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE CONTRIBUTION FOR 2010 WAS $0. ROGER MICHAELIS RECEIVED A DISTRIBUTION IN THE AMOUNT OF $615,538 IN 2010. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. 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 VOLUNTEERS (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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: OTHER COMPREHENSIVE INCOME 1,597,160. TOTAL TO FORM 990, PART XI, LINE 5: 1,597,160. IQ FOR KIDS PO BOX 1739 VANCOUVER WA 986681739 203988310 FUNDRAISING TO SUPPORT CHILDREN'S CHARITIES WA 501(C)(3) IN PROCESS N/A 1 CLARK FINANCIAL SERVICES INC PO BOX 1846 VANCOUVER WA 98668 911253818 SERVICE ORG PROVIDING INSURANCE PRODUCTS TO CREDIT UNION MEMBERS WA N/A C 2479 878839 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0