2023-11-15T18:19:57-06:00 2022-12-31 810987947 HAUSER JONES & SAS PLLC 10940 NE 33RD PLACE SUITE 100 BELLEVUE WA 98004 990 2022-01-01 910567189 OUR COMMUNITY CREDIT UNION OURC 8004265657 PO BOX 1670 SHELTON WA 98584 RYAN DRAKE CFO 8004265657 2023-11-15 1 RYAN DRAKE 999009999 0 ROGER A JONES CPA P01702335 4258891778 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RYAN DRAKE PO BOX 1670 SHELTON WA 98584 25930481 0 X WWW.OURCU.COM X 1941 WA OUR MISSION IS TO SUSTAIN CONSISTENT GROWTH AND A STRONG FINANCIAL POSITION. 7 7 121 0 141407 0 451000 1192639 14841444 16360502 3740731 6604328 596837 1773012 19630012 25930481 0 0 0 0 7704227 9253456 0 0 0 9642116 10785197 17346343 20038653 2283669 5891828 583251574 590462520 528064292 539908400 55187282 50554120 X OUR COMMUNITY CREDIT UNION IS A MEMBER-OWNED FINANCIAL COOPERATIVE. OUR MISSION IS TO SUSTAIN CONSISTENT GROWTH AND A STRONG FINANCIAL POSITION.-WE WILL TREAT ALL MEMBERS IN A DIGNIFIED, CARING MANNER.-WE WILL MANAGE OUR MEMBERS' BUSINESS CONFIDENTIALLY.-WE WILL PROVIDE OUR MEMBERS WITH CHOICES IN THE SERVICES WE OFFER.-WE WILL BUILD LASTING RELATIONSHIPS THROUGH CONSULTATION TO AID US IN HELPING MEET OUR MEMBERS' NEEDS. 0 0 OUR COMMUNITY CREDIT UNION PROVIDES FINANCIAL SERVICES INCLUDING DEPOSITS AND CONSUMER LENDING TO RESIDENTS OF WASHINGTON STATE AT LOCATIONS IN THE SOUTH SOUND AREA. 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 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 0 1 7247 0 1 121 1 1 1 0 0 0 0 0 1 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X RYAN DRAKE 3604325234 PO BOX 1670 SHELTON WA 98584 SADIE HAWKINS BOARD MEMBER 2.00 X 0 0 0 CURTIS STRACKE BOARD MEMBER 2.00 X 0 0 0 PAUL WING BOARD MEMBER 2.00 X 0 0 0 AMY THOMASON BOARD CHAIR 2.00 X 0 0 0 A ROY DUNN JR BOARD MEMBER 2.00 X 0 0 0 CLAY GLEB SECRETARY/TREASURER 2.00 X X 0 0 0 MARK MAGER BOARD VICE CHAIR 2.00 X 0 0 0 JULIE TUSON ASSOCIATE MEMBER 2.00 X 0 0 0 BERT FISHER PRESIDENT/CEO 60.00 X 1038924 0 792537 RYAN DRAKE CFO 60.00 X 143814 0 129546 1182738 0 922083 2 0 1 0 NWFA PO BOX 6 MUKILTEO WA 982750006 EMPLOYEE HEALTH INSURANCE 1026025 MEMBER ACCESS PROCESSING PO BOX 88884 SEATTLE WA 981382884 VISA CARD PROCESSOR 785653 PACIFIC LIFE INSURANCE COMPANY PO BOX 100418 PASADENA CA 911890003 LIFE INSURANCE PREMIUM 400000 NCUA 1775 DUKE ST ALEXANDRIA VA 223143428 NCUSIF CAPITALIZATION DEPOSITS 286576 DIEBOLD PO BOX 643543 PITTSBURGH PA 152643543 ATM EQUIPMENT PROVIDER/ATM MAINTENANCE 256520 5 1192639 1192639 INTEREST ON LOANS 522100 10142809 10142809 FEE INCOME 522100 5132580 5132580 OTHER NON-INTEREST INCOME 522100 943706 943706 UNRELATED FEE INCOME 522210 141407 141407 16360502 6520568 6520568 83760 0 83760 83760 83760 MISC OPERATING INCOME 900099 1773012 1773012 1773012 25930481 18075867 141407 6520568 1182738 3828772 1670690 2114396 456860 19026 221602 29725 593668 384588 969503 377277 579712 55114 225179 120070 1250098 396310 DEBIT/CREDIT & ATM FEES 2359388 DIVIDENDS 1224478 PROVISION FOR LOAN LOSS 581642 LOAN EXPENSE 523928 873889 20038653 108059342 9577008 551504 551504 308721 1996222 3835827 3427708 192224042 246510654 904379 1101666 17743916 8362052 9771946 9381864 256153066 302131016 4659036 7560268 6783711 8224610 583251574 590462520 4291248 16647185 523773044 523261215 528064292 539908400 X 0 0 0 0 55187282 50554120 55187282 50554120 583251574 590462520 5891828 -10524990 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1749975 1749975 7115548 2219598 4895950 1410490 785146 625344 7467903 5357308 2110595 9381864 MEMBER SHARE ACCOUNTS 523261215 523261215 X X 1 1 X X X 0 1 0 BERT FISHER PRESIDENT/CEO 1038924 0 0 0 0 0 770847 0 21690 0 1831461 0 0 0 RYAN DRAKE CFO 137816 0 5998 0 0 0 117076 0 12470 0 273360 0 0 0 PART I - OTHER ADDITIONAL INFORMATION SCHEDULE J, PART I, QUESTION 4(B) THE CREDIT UNION ENTERED INTO A DEFERRED COMPENSATION AGREEMENT (THE "AGREEMENT") WITH MEMBERS OF THE EXECUTIVE MANAGEMENT TEAM THAT PROVIDES BENEFITS PAYABLE TO THESE EMPLOYEES UNDER TERMS AS OUTLINED IN THE AGREEMENT. BENEFITS ARE ACCRUED AND PAID BEGINNING WITH ATTAINMENT OF RETIREMENT AGE, AS DEFINED IN THE AGREEMENT. ADDITIONALLY, IF SUCH EMPLOYEE BECOMES FULLY DISABLED, ACCRUED BENEFITS ARE IMMEDIATELY PAYABLE. THE BENEFITS ARE SUBJECT TO FORFEITURE IF EMPLOYMENT IS TERMINATED FOR CAUSE, AS DEFINED IN THE AGREEMENT. THE CREDIT UNION HAS RECORDED OTHER LIABILITIES OF APPROXIMATELY $1,807,528 AND $1,218,740 UNDER THE AGREEMENT FOR THE YEAR ENDED DECEMBER 31, 2022 AND 2021, RESPECTIVELY. CLAY GLEB SECRETARY/TREASURER INSTALLMENT LOAN X 3657158 3025080 0 1 1 RYAN DRAKE CFO INSTALLMENT LOAN X 281452 18584 0 1 1 ROY DUNN JR BOARD MEMBER INSTALLMENT LOAN X 20033 166 0 1 1 SADIE HAWKINS BOARD MEMBER INSTALLMENT LOAN X 953 2199 0 1 1 ALLEN STRACKE BOARD MEMBER INSTALLMENT LOAN X 270195 178945 0 1 1 ROBERT WOODS SUPERVISORY COMMITTEE INSTALLMENT LOAN X 69122 50821 0 1 1 ANDREW BERTRAND CIO INSTALLMENT LOAN X 59656 0 0 1 1 MARK NAULT BOARD MEMBER INSTALLMENT LOAN X 52768 56717 0 1 1 AMY THOMASON BOARD CHAIR INSTALLMENT LOAN X 215 0 0 1 1 ROBERT MILLER SUPERVISORY COMMITTEE INSTALLMENT LOAN X 95196 95196 0 1 1 3427708 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS 30,870 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS VOTE ANNUALLY TO ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B AFTER FORM 990 IS PREPARED BY A CPA FIRM, THE CHIEF FINANCIAL OFFICER REVIEWS THE FORM FOR ACCURACY AND APPROVES ITS SUBMITTAL. FORM 990, PART VI, SECTION B, LINE 12C MANAGEMENT PROVIDES A CONFLICT OF INTEREST QUESTIONNAIRE AND PERSONAL DISCLOSURE STATEMENT TO ALL EMPLOYEES AND VOLUNTEERS OF OUR COMMUNITY CREDIT UNION. THE CONFLICT OF INTEREST POLICY IS REQUIRED TO BE REVIEWED AND SIGNED OR ACKNOWLEDGED UPON HIRE FOR NEW EMPLOYEES. ACKNOWLEDGMENTS RECEIVED FROM INDIVIDUALS WHO DISCLOSE A POTENTIAL CONFLICT ARE FORWARDED TO THE CEO OR CFO FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION UTILIZES MULTIPLE REGIONAL, NATIONAL, AND INDUSTRY SALARY SURVEYS TO REVIEW AND/OR SET SALARY LEVELS. THE HUMAN RESOURCES DEPARTMENT HAS THE RESPONSIBILITY FOR ADMINISTERING THE CREDIT UNION'S COMPENSATION PROGRAM, WORKING WITH APPROPRIATE SENIOR MANAGEMENT TO ENSURE THAT OUR COMPENSATION SCHEDULE IS IN KEEPING WITH THE POLICY OF THE CREDIT UNION THROUGH A BALANCE OF MARKET COMPETITIVENESS AND INTERNAL EQUITY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII,2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.