2011-11-10T13:06:36-06:00 2010-12-31 Moss Adams LLP 601 W Riverside Suite 1800 Spokane WA 992010629 990 2010-01-01 910616262 Gesa Credit Union GESA 5099461611 51 Gage Blvd Richland WA 99352 Steven Oord 5099461611 2011-11-09 1 Cheri R Burnham CPA 5097472600 2010 2016-03-07 17:11:31Z Christina C Lethlean Br 51 Gage Blvd Richland WA 99352 153581553 0 1269 X www.gesa.com X 1953 WA Provide financial services to 98,006 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 9 357 9 70817 32929 0 0 38235401 48942216 9651954 6659857 -3754042 21941 44133313 55624014 0 10000 0 0 15067189 17661513 0 0 0 30321543 32201184 45388732 49872697 -1255419 5751317 926285261 1017020152 847128814 933047325 79156447 83972827 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 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 29619 0 1 357 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 1220 0 0 Gregg Andrews 5.00 X X 0 0 0 William Roberts Jr 5.00 X X 1261 0 0 Peter Smith 5.00 X 0 0 0 Iris Anderson 5.00 X 0 0 0 Stephen Arneson 5.00 X 0 0 0 Manuel Chavallo 5.00 X 0 0 0 Robert Follett 5.00 X 0 0 0 Paul Korstad 5.00 X 1082 0 0 Christina C Lethlean Brown 60.00 X 435317 0 57112 Steven J Oord 50.00 X 135320 0 28553 Jim Delyea 50.00 X 153015 0 20417 Jerry Sims 50.00 X 136180 0 18824 Brett Jorgenson 50.00 X 145605 0 19653 Don Miller 50.00 X 146794 0 29641 Douglas Kellogg 40.00 X 174597 0 21828 Fernando Avalos 40.00 X 180584 0 32228 Dannette Warren 40.00 X 147692 0 28964 Randy Wacker 40.00 X 128722 0 17752 Gary Lackey 40.00 X 148768 0 24611 1936157 0 299583 16 0 1 0 Fiserv PO Box 41770 Nashville TN 37204 Information Systems 531534 Dell PO Box 802816 Chicago IL 60680 Computer Manufacturer 371267 Fundsxpress PO Box 3366 Omaha NE 68176 Merchant Processing Services 347940 Open Solutions PO Box 416564 Boston MA 02241 Information Systems 257527 BIT 710 SW 34th St Renton WA 98057 Member Statement Producer 234554 27 Member Loan Interest 522100 37911146 37911146 Member Fees & Charges 522100 11031070 10961254 69816 48942216 5054147 1001 5053146 99993 17377 82616 82616 82616 14563471 84982401 14130159 83810003 433312 1172398 1605710 1605710 CU Capital Impairment 524298 -60675 -60675 -60675 55624014 48811725 70817 6741472 10000 1329992 11559400 1217648 2343880 1210593 72269 106719 1291065 1307284 3746802 1218744 439972 110581 9785963 2566066 138097 Provision for Loan Loss 7156831 Share Insurance 2181618 Credit and Collection C 1514979 Miscellanous 361427 Regulatory Examination 113817 88950 49872697 96552683 73697838 53863075 57885600 713304 2888331 582673561 735637876 4993712 5627995 59090556 10650017 47007440 48440539 125519827 76862806 14961659 15979167 926285261 1017020152 14343867 14004281 253714 156832 223457 706770 832307776 918179442 847128814 933047325 X 0 0 0 0 79156447 83972827 79156447 83972827 926285261 1017020152 X 5751317 -934937 X 0 0 0 1 223457 3789883 3306570 706770 1 10217474 10217474 35679638 3619735 32059903 255466 118537 136929 12735886 6911745 5824141 202092 202092 48440539 Government Agency Mortgage Backed Securities 36412266 C Government Agency Debenture Notes and Bonds 29908585 C Investments Available for Sale 10541955 F 76862806 Member Deposits and Accounts 918179442 918179442 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 10 10000 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 Brown 325831 0 109036 0 450 0 41173 0 15939 0 492429 0 0 0 Steven J Oord 126623 0 0 0 8697 0 12770 0 15783 0 163873 0 0 0 Jim Delyea 146308 0 6500 0 207 0 14468 0 5949 0 173432 0 0 0 Jerry Sims 126981 0 0 0 9199 0 12804 0 6020 0 155004 0 0 0 Brett Jorgenson 136440 0 50 0 9115 0 13704 0 5949 0 165258 0 0 0 Don Miller 135242 0 3000 0 8552 0 13870 0 15771 0 176435 0 0 0 Douglas Kellogg 0 0 0 0 174597 0 16489 0 5339 0 196425 0 0 0 Fernando Avalos 0 0 0 0 180584 0 17084 0 15144 0 212812 0 0 0 Dannette Warren 0 0 0 0 147692 0 13981 0 14983 0 176656 0 0 0 Gary Lackey 0 0 0 0 148768 0 14069 0 10542 0 173379 0 0 0 Part I, Line 1a Board members Paul Korstad, William Melberg, and William Roberts Jr. 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 1023, 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: -934,937.