2024-10-22T19:01:01-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2023-01-01 820201645 POTLACH NO 1 FINANCIAL CREDIT UNION POTL 2087468900 1025 WARNER AVENUE LEWISTON ID 83501 CHRISTOPHER LOSETH PRESIDENT/CEO 2087468900 2024-10-22 1 0 MELISSA HANGSLEBEN P02087031 6022662248 2024-10-22 2023 2024-10-15 13:58:12Z CHRISTOPHER LOSETH 1025 WARNER AVENUE LEWISTON ID 83501 137805029 0 X WWW.P1FCU.ORG X 2019 ID WE PLEDGE TO SERVE EVERY MEMBER WITH THE HIGHEST LEVELS OF SINCERITY, FAIRNESS, COURTESY, RESPECT, AND GRATITUDE, DELIVERED WITH UNPARALLELED RESPONSIVENESS, EXPERTISE, EFFICIENCY AND ACCURACY. 9 9 485 11 88903 0 0 4840204 92340767 111051727 8892353 21867429 -113184 -125791 101119936 137633569 1048841 1269178 8500246 26979886 42223977 44168309 0 0 0 37159873 58286400 88932937 130703773 12186999 6929796 2025490365 2198335162 1905319019 2068494968 120171346 129840194 X WE PLEDGE TO SERVE EVERY MEMBER WITH THE HIGHEST LEVELS OF SINCERITY, FAIRNESS, COURTESY, RESPECT, AND GRATITUDE, DELIVERED WITH UNPARALLELED RESPONSIVENESS, EXPERTISE, EFFICIENCY AND ACCURACY. WE ARE IN BUSINESS TO CREATE LASTING RELATIONSHIPS, AND WE WILL TREAT OUR MEMBERS LIKE WE WANT TO BE TREATED. WE WILL OFFER THE FINEST PERSONAL SERVICE AND PRODUCTS DELIVERED BY CARING TEAM MEMBERS WHO TAKE 100 PERCENT RESPONSIBILITY FOR MEETING THE NEEDS OF EACH MEMBER. 0 0 PROVIDE FINANCIAL SERVICES TO 127,211 MEMBERS. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, CONSUMER AUTO LENDING, CONSUMER MORTGAGE LENDING, COMMERCIAL LENDING, DEPOSIT ACCOUNTS, SAVINGS, CHECKING, MONEY MARKETS AND CD'S. 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 25421 0 1 485 1 1 1 0 0 0 0 0 1 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X PAUL MCCALL 2087468900 1025 WARNER AVENUE LEWISTON ID 83501 TOD DICKESON CHAIR 5.00 X X 0 0 0 KYLE MORSCHECK VICE CHAIR 5.00 X X 0 0 0 TARA LEER TREASURER 5.00 X X 0 0 0 MICHELLE BLY SECRETARY 5.00 X X 0 0 0 KYM CLIFT DIRECTOR 5.00 X 0 0 0 WANDA KEEFER DIRECTOR 5.00 X 0 0 0 TOM PFLIGER DIRECTOR 5.00 X 0 0 0 BRETT KINZER DIRECTOR 5.00 X 0 0 0 DOUGLAS MUSHLITZ DIRECTOR 5.00 X 0 0 0 JERRY CUMMINS DIRECTOR (THRU 3/2023) 5.00 X 0 0 0 CHRISTOPHER LOSETH PRESIDENT/CEO 60.00 X 2178950 0 390054 CRAIG EMERSON CHIEF FINANCIAL OFFICER 60.00 X 996166 0 353673 TROY SANDVICK CHIEF DATA OFFICER 60.00 X 444260 0 91200 RICHARD PAGE CHIEF ADMINISTRATIVE OFFICER 60.00 X 379569 0 38663 MICHAEL VOGELER CHIEF OPERATIONS OFFICER 60.00 X 369969 0 74309 BRENT GIFFORD CHIEF INFORMATION OFFICER 60.00 X 364525 0 44997 PAUL MCCALL SENIOR VP OF FINANCE 60.00 X 185450 0 108335 DENNIS JANIKOWSKI SENIOR VP OF LENDING 60.00 X 277793 0 39471 ELIZABETH BARNES CHIEF CREDIT ADMINISTRATION OFFICER 60.00 X 262272 0 370400 CLINTON JOHNSON VP OF DATA & ANALYTICS 40.00 X 253340 0 140761 NATE NORMAN VP OF INFORMATION TECHNOLOGY 40.00 X 209196 0 107824 DAVID LUMLEY BUSINESS SALES REPRESENTATIVE 40.00 X 182901 0 44506 JENIFER PIPER VICE PRESIDENT OF MEMBER ENGAGEMENT 40.00 X 185639 0 18893 KARI MURILLO VICE PRESIDENT OF PRODUCT MANAGEMENT 40.00 X 182630 0 132058 6472660 0 1955144 64 0 1 0 KENASTON CORP PO BOX 245 LEWISTON ID 83501 CONSTRUCTION LABOR 4431467 JACK HENRY & ASSOCIATES INC 663 US-60 MONETT MO 65708 CORE PROCESSOR 2469467 COOK SOLUTIONS GROUP INC 9225 NE CASCADES PARKWAY PORTLAND OR 97220 SECURITY AND ITM/ATM SUPPORT 1385847 Q2 SOFTWARE INC 10355 PECAN PARK BLVD STE 100 AUSTIN TX 78729 ONLINE BANKING PROVIDER 1298127 XPRESS DATA INC 10983 VIA FRONTERA SAN DIEGO CA 92127 STATEMANT PROVIDER 875383 56 4840204 4840204 LOAN INTEREST 522100 84394071 84394071 INTERCHANGE INCOME 522100 9397452 9397452 DEPOSIT SERVICE CHARGES AND FEES 522100 6836220 6747317 88903 OTHER NONOPERATING 522100 4721606 4721606 LOAN SERVICING INCOME 522100 4241725 4241725 1460653 1460653 111051727 21868188 21868188 44910 170701 -125791 -125791 -125791 759 -759 -759 -759 137633569 110962824 88903 21741638 1254178 15000 26979886 6970056 26330691 5483159 3042930 2341473 14413 664097 2505583 2259136 2026918 7264424 2306538 274598 178592 23153764 2323400 267597 DEBIT CARD EXPENSES 4062345 PROVISION FOR LOAN LOSS 3714694 OTHER EXPENSES 3257117 LOAN SERVICING 2641426 1371758 130703773 24653130 22189054 40103775 73527299 1000000 50762617 65396143 1687571357 1804774640 19054149 19645367 60939101 18695483 37533194 42243618 83178763 76759750 6789397 8633470 74843983 85165821 2025490365 2198335162 14138133 20457930 19000000 157333742 1872180886 1890703296 1905319019 2068494968 X 0 0 0 0 120171346 129840194 120171346 129840194 2025490365 2198335162 X 6929796 1497812 1241240 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7617382 7617382 33988996 10923514 23065482 2935960 607465 2328495 12300791 7164504 5136287 4095972 4095972 42243618 457(F) LIABILITIES 4020572 MEMBERS' SHARES AND SAVINGS ACCOUNTS 1882220049 LEASE LIABILITIES 4332560 ACCRUED INTEREST PAYABLE 130115 1890703296 X 137804270 0 137804270 -170701 -170701 137633569 130874474 170701 170701 130703773 0 130703773 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER IRC 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE AND HAS A MINIMAL NET OPERATING LOSS CARRYFORWARD AS OF THE 2023 CALENDAR YEAR. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES, AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNIONS EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNIONS FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2023 AND 2022. THE CREDIT UNIONS 2020 THROUGH 2022 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES MOVED FROM FUNCTIONAL EXPENSE TO THE STATEMENT OF REVENUE -170,701. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES MOVED FROM FUNCTIONAL EXPENSE TO THE STATEMENT OF REVENUE 170,701. 1 ASOTIN COUNTY FAIR LIVESTOCK SALE PO BOX 392 ASOTIN WA 99402 453917169 20395 0 COMMUNITY HELP ASOTIN COUNTY RURAL LIBRARY DISTRICT 417 SYCAMORE ST CLARKSTON WA 99403 611852266 14674 0 COMMUNITY HELP BOISE PROFESSIONAL BASEBALL LLC 5600 N GLENWOOD ST BOISE ID 83714 471615125 9000 0 COMMUNITY HELP BOYS & GIRLS CLUB OF ADA COUNTY 610 E 42ND ST GARDEN CITY ID 83714 820481687 501(C)(3) 6667 0 COMMUNITY HELP BOYS AND GIRLS CLUBS OF THE LCV 1021 BURRELL AVE LEWISTON ID 83501 826001432 501(C)(3) 100604 0 COMMUNITY HELP CLARKSTON HIGH SCHOOL 401 CHESTNUT ST CLARKSTON WA 99403 910784433 CITY OF CLARKSTON 7500 0 COMMUNITY HELP CLEARWATER CHAMBER OF COMMERCE PO BOX 2346 OROFINO ID 83544 826008901 501(C)(6) 6667 0 COMMUNITY HELP GOWEST FOUNDATION 18000 INTERNATIONAL BLVD STE 1102 SEA TAC WA 98188 911649328 501(C)(3) 18750 0 COMMUNITY HELP IDAHO FOODBANK 3331 10TH ST LEWISTON ID 83501 820425400 501(C)(3) 5833 0 COMMUNITY HELP INDEPENDENT SCHOOL DISTRICT #1 3317 12TH ST LEWISTON ID 83501 826000549 CITY OF LEWISTON 147500 0 COMMUNITY HELP LCSC ATHLETIC DEPARTMENT 500 8TH AVE LEWISTON ID 83501 826000935 CITY OF LEWISTON 200000 0 COMMUNITY HELP LEWIS CLARK ANIMAL SHELTER 6 SHELTER ROAD LEWISTON ID 83501 820207503 501(C)(3) 17083 0 COMMUNITY HELP CITY OF LEWISTON PARKS AND REC PO BOX 617 LEWISTON ID 83501 016000300 CITY OF LEWISTON 25217 0 COMMUNITY HELP MOSCOW HIGH SCHOOL 402 EAST 5TH ST MOSCOW ID 83843 826000814 CITY OF MOSCOW 6667 0 COMMUNITY HELP PULLMAN REGIONAL HOSPITAL FOUNDATION 840 SE BISHOP BLVD STE 200 PULLMAN WA 99163 916028220 501(C)(3) 5833 0 COMMUNITY HELP TRI STATE HOSPITAL FOUNDATION PO BOX 636 CLARKSTON WA 99403 911307818 501(C)(3) 67250 0 COMMUNITY HELP TWIN COUNTY UNITED WAY PO BOX 1660 LEWISTON ID 83501 820261086 501(C)(3) 15188 0 COMMUNITY HELP WALLA WALLA COUNTY 363 ORCHARD ST WALLA WALLA WA 99362 916001381 CITY OF WALLA WALLA 61342 0 COMMUNITY HELP WALLA WALLA SWEETS 109 E MAIN ST STE C WALLA WALLA WA 99362 270961521 5958 0 COMMUNITY HELP 14 5 SCHOLARSHIPS 15 15000 PART I, LINE 2: THE GRANTS ARE DONATIONS TO LOCAL REPUTABLE ORGANIZATIONS, THEREFORE NONE OF THE FUNDS ARE USED OUTSIDE THE US. P1FCU HAS A SCHOLARSHIP COMMITTEE THAT INCLUDES EXECUTIVE MANAGEMENT, SENIOR LEADERSHIP AND BOARD MEMBERS. THEY DETERMINE WHICH STUDENT GETS A SCHOLARSHIP BASED ON THE APPLICATION INFORMATION RECEIVED. X X X X 0 1 0 CHRISTOPHER LOSETH PRESIDENT/CEO 1532196 0 0 0 646754 0 352540 0 37514 0 2569004 0 646754 0 CRAIG EMERSON CHIEF FINANCIAL OFFICER 571923 0 0 0 424243 0 339040 0 14633 0 1349839 0 424243 0 ELIZABETH BARNES CHIEF CREDIT ADMINISTRATION OFFICER 262272 0 0 0 0 0 358432 0 11968 0 632672 0 0 0 TROY SANDVICK CHIEF DATA OFFICER 444260 0 0 0 0 0 75757 0 15443 0 535460 0 0 0 MICHAEL VOGELER CHIEF OPERATIONS OFFICER 369969 0 0 0 0 0 66817 0 7492 0 444278 0 0 0 RICHARD PAGE CHIEF ADMINISTRATIVE OFFICER 379569 0 0 0 0 0 31171 0 7492 0 418232 0 0 0 BRENT GIFFORD CHIEF INFORMATION OFFICER 364525 0 0 0 0 0 31828 0 13169 0 409522 0 0 0 CLINTON JOHNSON VP OF DATA & ANALYTICS 253340 0 0 0 0 0 127592 0 13169 0 394101 0 0 0 DENNIS JANIKOWSKI SENIOR VP OF LENDING 277793 0 0 0 0 0 26302 0 13169 0 317264 0 0 0 NATE NORMAN VP OF INFORMATION TECHNOLOGY 209196 0 0 0 0 0 94639 0 13185 0 317020 0 0 0 KARI MURILLO VICE PRESIDENT OF PRODUCT MANAGEMENT 182630 0 0 0 0 0 123098 0 8960 0 314688 0 0 0 PAUL MCCALL SENIOR VP OF FINANCE 185450 0 0 0 0 0 95150 0 13185 0 293785 0 0 0 DAVID LUMLEY BUSINESS SALES REPRESENTATIVE 182901 0 0 0 0 0 34165 0 10341 0 227407 0 0 0 JENIFER PIPER VICE PRESIDENT OF MEMBER ENGAGEMENT 185639 0 0 0 0 0 9934 0 8959 0 204532 0 0 0 PART I, LINE 4B SPLIT DOLLAR LIFE INSURANCE: THE CREDIT UNION HAS MADE LOANS FOR LIFE INSURANCE PREMIUM PAYMENTS TO MEMBERS OF MANAGEMENT. THE LOANS ARE COLLATERALIZED BY THE ASSIGNMENT OF THE POLICY DEATH BENEFITS AND CASH VALUES, OF EACH RESPECTIVE LIFE INSURANCE POLICY. THE POLICIES ARE OWNED BY THE EXECUTIVES AND THE EXECUTIVES HAVE THE RIGHT TO NAME THE BENEFICIARIES FOR AMOUNTS NOT SECURED BY THE ASSIGNMENTS. THE LOAN ARRANGEMENTS INCLUDE A RECOURSE PROVISION WHEREBY THE CREDIT UNION HAS THE INTENT TO SEEK COLLECTION OUTSIDE THE LIFE INSURANCE POLICY IF THE EXECUTIVE WERE TO BE TERMINATED WITH OR WITHOUT CAUSE AND THE EXECUTIVES HAVE THE ABILITY TO REPAY THE LOAN. 457(F) PLAN: THE CREDIT UNION HAS A NONQUALIFIED DEFERRED COMPENSATION PLAN (457(F) PLAN) FOR SELECT MEMBERS OF MANAGEMENT. UNDER THE TERMS OF THE PLANS, THE PARTICIPANTS ARE ENTITLED PRE-DETERMINED AMOUNTS BASED ON YEARS OF SERVICE ACHIEVEMENTS. THE FOLLOWING EMPLOYEES RECEIVED CONTRIBUTIONS TO THE 457(F) PLAN DURING 2023: CHRISTOPHER LOSETH - $291,040 CRAIG EMERSON - $184,507 CLINTON JOHNSON - $68,810 NATHANAEL NORMAN - $54,802 ELIZABETH BARNES - $61,321 PAUL MCCALL - $49,672 KARI MURILLO - $56,089 THE FOLLOWING EMPLOYEES RECEIVED DISTRIBUTIONS FROM THE 457(F) PLAN DURING 2023: CHRISTOPHER LOSETH - $646,754 CRAIG EMERSON - $424,243 CHRIS LOSETH PRESIDENT/CEO SPLIT DOLLAR LOAN X 22843867 24815731 0 1 1 PATTI MESHISHNEK EVP/CLO (FORMER) SPLIT DOLLAR LOAN X 9450000 10846549 0 1 1 TROY SANDVICK CHIEF DATA OFFICER SPLIT DOLLAR LOAN X 3475000 4002306 0 1 1 MICHAEL VOGELER CHIEF OPERATIONS OFFICER SPLIT DOLLAR LOAN X 1550000 1763637 0 1 1 BRENT GIFFORD CHIEF INFORMATION OFFICER SPLIT DOLLAR LOAN X 8000000 7474292 0 1 1 ANDREW HEIMGARTNER CHIEF LENDING OFFICER (FORMER) SPLIT DOLLAR LOAN X 2350000 527304 0 1 1 CHERI SCHAAFS BRANCH MANAGER (FORMER) SPLIT DOLLAR LOAN X 2475000 2573508 0 1 1 JANA ERNY CXO (FORMER) SPLIT DOLLAR LOAN X 4685000 4849861 0 1 1 RICHARD PAIGE CHIEF ADMINISTRATIVE OFFICER SPLIT DOLLAR LOAN X 8250000 8542955 0 1 1 65396143 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD MAY APPOINT AN EXECUTIVE COMMITTEE OF NOT FEWER THAN THREE DIRECTORS TO SERVE AT ITS PLEASURE, TO ACT FOR IT WITH RESPECT TO SPECIFICALLY DELEGATED FUNCTIONS AUTHORIZED BY THE ACT AND REGULATIONS. THE BOARD MAY ALSO AUTHORIZE SUCH EXECUTIVE COMMITTEE OR A MEMBERSHIP OFFICER(S) APPOINTED BY THE BOARD FROM THE MEMBERSHIP OTHER THAN A BOARD MEMBER PAID AS AN OFFICER, THE TREASURER, ANY ASSISTANT TO THE PAID OFFICER OF THE BOARD OR TO THE TREASURER OR ANY LOAN OFFICER, TO SERVE AT ITS PLEASURE TO APPROVE APPLICATIONS FOR MEMBERSHIP UNDER SUCH CONDITIONS AS THE BOARD AND THESE BYLAWS MAY PRESCRIBE. NO EXECUTIVE COMMITTEE MEMBER OR MEMBERSHIP OFFICER MAY BE COMPENSATED AS SUCH. FORM 990, PART VI, SECTION A, LINE 6 PARTICIPATION IN THIS CREDIT UNION IS LIMITED TO THOSE WHO QUALIFY FOR MEMBERSHIP AS DEFINED IN THE CREDIT UNION'S ARTICLES OF INCORPORATION, CHARTER, AND BYLAWS. THIS GENERALLY CONSISTS OF THE FOLLOWING: IDAHO MEMBERSHIP ALL EMPLOYEES, EMPLOYERS, STUDENTS, AND RETIREES OF AGRICULTURE, FORESTRY, FISHING AND HUNTING, MINING, UTILITIES, CONSTRUCTION, MANUFACTURING, WHOLESALE TRADE, RETAIL TRADE, TRANSPORTATION AND WAREHOUSING, INFORMATION, FINANCE AND INSURANCE, REAL ESTATE AND RENTAL AND LEASING, PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES, MANAGEMENT OF COMPANIES AND ENTERPRISES, ADMINISTRATIVE AND SUPPORT AND WASTE MANAGEMENT AND REMEDIATION SERVICES, EDUCATIONAL SERVICES, HEALTH CARE AND SOCIAL ASSISTANCE, ARTS, ENTERTAINMENT, AND RECREATION, ACCOMMODATIONS AND FOOD SERVICES, OTHER SERVICES, AND PUBLIC ADMINISTRATION AS DEFINED IN THE NORTH AMERICAN INDUSTRY CLASSIFICATION SYSTEM WHO RESIDE IN, WORK IN, ARE HEADQUARTERED IN OR ARE PAID FROM ADAMS, BENEWAH, BONNER, BOUNDARY, CLEARWATER, GEM, IDAHO, KOOTENAI, LATAH, LEWIS, NEZ PERCE, PAYETTE, SHOSHONE, WASHINGTON, AND VALLEY COUNTIES AND THE ORGANIZATIONS OF SUCH PERSONS. OREGON MEMBERSHIP PERSONS WHO LIVE OR WORK IN OR ORGANIZATIONS LOCATED WITHIN THE COMMUNITIES IN OREGON CONSISTING OF BAKER, GRANT, HARNEY, MALHEUR, MORROW, UMATILLA, UNION, AND WALLOWA COUNTIES, OREGON. WASHINGTON MEMBERSHIP NATURAL PERSONS WHO LIVE, WORK, WORSHIP, OR GO TO SCHOOL IN THE STATE OF WASHINGTON. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, THE SPOUSE OF A MEMBER, THE BLOOD OR ADOPTIVE RELATIVES OF EITHER OF THEM AND THEIR SPOUSES MAY BE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF P1FCU DOES AN ANNUAL VOTE TO ELECT BOARD MEMBERS TO THE BOARD. THOSE BOARD CANDIDATES ARE SELECTED BY THE CURRENT BOARD OR BY VOLUNTEERS VIA NEWSLETTER. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF P1FCU ARE REQUIRED TO VOTE ON MATTERS SUCH AS A CHARTER CHANGE OR A POSSIBLE MERGER. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING. THE BOARD OF DIRECTORS DO NOT RECEIVE A COPY OF THE RETURN PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION HAS AN EMPLOYEE HANDBOOK THAT INCLUDES THE CONFLICT OF INTEREST POLICY THAT IS REQUIRED TO BE SIGNED ANNUALLY BY ALL EMPLOYEES. THE CONFLICT OF INTEREST POLICY IS ALSO APPLICABLE TO BOARD MEMBERS. THE CEO MONITORS THE CONFLICT OF INTEREST POLICY FOR BOARD MEMBERS AND HR MONITORS THE POLICY FOR EMPLOYEES. THE BOARD MEMBER WOULD ABSTAIN FROM THE VOTE IF THERE WAS A CONFLICT OF INTEREST IDENTIFIED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS REVIEWED ANNUALLY BASED ON A PERFORMANCE EVALUATION ON THE ANNIVERSARY DATE OF THE OFFICER OR EMPLOYEE. THE CEO'S COMPENSATION IS DETERMINED BASED UPON A COMPENSATION COMMITTEE THAT USES A COMPENSATION SURVEY OR STUDY BY AN INDEPENDENT COMPENSATION CONSULTANT. THE CEO'S COMPENSATION DISCUSSIONS ARE DOCUMENTED IN THE BOARD MINUTES. THIS PROCESS WAS LAST COMPLETED IN 2023. THE COMPENSATION FOR EMPLOYEES AND OTHER OFFICERS BESIDES THE CEO IS REVIEWED AND BASED ON COMPARABLE DATA AND CUNA'S CREDIT UNION COMPENSATION STUDY. THIS PROCESS IS OVERSEEN BY HR AND IS DOCUMENTED IN THE EMPLOYEES PERSONNEL FILE. THIS PROCESS WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE AT ITS ANNUAL MEETING AND UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN DEFINED BENEFIT PLAN 5,045,486. CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE -3,804,246.