2023-11-15T18:03:23-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2022-01-01 910440744 CREDIT UNIONS IN THE STATE OF WASHINGTON TWINSTAR CREDIT UNION CRED 8002583115 PO BOX 718 OLYMPIA WA 98507 KIMBERLY STEEPY CFO 8002583115 2023-11-14 1 KIMBERLY STEEPY 999009999 1 MELISSA HANGSLEBEN P02087031 6022662248 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TWINSTAR CREDIT UNION JEFF KENNEDY PO BOX 718 OLYMPIA WA 98507 119639940 0 X WWW.TWINSTARCU.COM X 1937 WA TO INVEST IN PEOPLE AND EMPOWER SUCCESS. 8 8 553 14 167852 0 0 0 96805218 111119422 3659546 8396035 1776665 -3464 102241429 119511993 357608 839085 4473327 5210449 43547487 44833120 0 0 0 35057383 42882782 83435805 93765436 18805624 25746557 2172440238 2252123510 1985850287 2091928078 186589951 160195432 X IN 2014, WE ADOPTED OUR BRAND PROMISE: REALIZING FINANCIAL DREAMS TOGETHER. THE SHORT, SIMPLE PHRASE CAPTURES ALL OF OUR STRATEGIC INTENT IN JUST A FEW WORDS. WE HAVE THE PEOPLE, TOOLS AND VALUE SYSTEMS IN PLACE TO HELP OUR MEMBERS NOT ONLY HAVE A GREAT PLACE TO BANK BUT ALSO HAVE A PROSPEROUS FUTURE. THE PROMISE PROVIDES VALUABLE DIFFERENTIATION FOR TWINSTAR AS MANY OTHER BANKING INSTITUTIONS CANNOT PROVIDE THE SAME EXPERIENCE. 0 0 SHARE ACCOUNTS: TWINSTAR SAVINGS ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. TWINSTAR HAD 144,254 MEMBERS ON DECEMBER 31, 2022. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS MONTHLY AND OFFER ACCESS THROUGH THE BRANCH NETWORK, HOME BANKING VIA THE INTERNET OR TELEPHONE, MOBILE BANKING AND VIA ATMS WORLDWIDE. SPECIAL SAVINGS ACCOUNTS ARE DESIGNED FOR CHILDREN AND TEENAGERS TO ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS. CHECKING ACCOUNTS: TWINSTAR PROVIDES CHECKING ACCOUNTS FOR CONSUMERS WITH VARIOUS FEATURES, FROM FREE ACCOUNTS TO THOSE WITH ENHANCED BENEFITS. MOST OFFER DIVIDENDS THAT ARE PAID MONTHLY. ADDITIONALLY, TWINSTAR EXTENDS THE REACH OF THESE ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARDS, INTERNET ACCOUNT ACCESS, MOBILE BANKING AND FREE USE OF THE INTERNET BILL PAYER PLATFORM. CONSUMER LOANS: TWINSTAR CREDIT UNION HAS PROVIDED VEHICLE LOANS SINCE ITS EARLY YEARS. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES EFFICIENT UNDERWRITING AND FLEXIBLE OFFERINGS FOR RECREATIONAL VEHICLES, BOATS AND MOTORCYLCES. TWINSTAR ALSO OFFERS VISA CREDIT CARDS TO MEMBERS. THIS PRODUCT LINE SATISFIES MEMBERS DIVERSE BORROWING NEEDS, FROM A SHARE SECURED CARD TO A CREDIT LINE FOR YOUNG BORROWERS TO A CARD WITH LARGER CREDIT LINES AND LOW INTEREST RATES. TWINSTAR ALSO OFFERS HOME EQUITY/REAL ESTATE LOANS, BUSINESS LOANS AND STUDENT LOAN REFINANCE. THE CREDIT UNION OFFERS AND ACTIVELY SELLS TO OUR MEMBERS DIFFERENT KINDS OF INSURANCE, HOMEOWNERS, CONDO, RENTERS TRAVEL TRAILERS, RV'S, AUTO, MOTORCYCLE, WATERCRAFT, MOBILE/MANUFACTURED HOMES, ATV'S, UMBRELLA, PERSONAL EXCESS POLICIES, EARTHQUAKE, FLOOD, AND COMMERCIAL AUTO. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 35201 0 1 553 1 1 1 0 0 0 0 0 1 0 X 8 8 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X KIMBERLY STEEPY 8002583115 PO BOX 718 OLYMPIA WA 98507 GAYLA GJERTSEN DIRECTOR 1.00 0.00 X 5000 0 0 BRIAN HURLEY DIRECTOR 1.00 0.00 X 7930 0 0 DONNA FELICIANO SECRETARY 1.00 0.00 X X 8447 0 0 DALE TOSLAND DIRECTOR 1.00 0.00 X 2500 0 0 KIMBERLY MARTIN VICE CHAIR 1.00 0.00 X X 10053 0 0 RHODETTA SEWARD DIRECTOR (THRU 08/22) 1.00 0.00 X 2441 0 0 RONALD HASTIE CHAIR 1.00 0.00 X X 10932 0 0 JENA MILLER DIRECTOR 1.00 0.00 X 7579 0 0 MARK NEARY DIRECTOR 1.00 0.00 X 6167 0 0 JEFF KENNEDY CEO/PRESIDENT/TREASURER 40.00 0.30 X 1086917 0 844540 KIMBERLY STEEPY CHIEF FINANCIAL OFFICER 40.00 0.30 X 251409 0 25530 REBECCA BREEN CHIEF OPERATIONS OFFICER (THRU 12/22) 40.00 0.00 X 316416 0 30361 SCOTT DAUKAS CHIEF STRATEGY OFFICER (THRU 08/22) 40.00 0.00 X 469140 0 25681 JERROD KELLER CHIEF OPERATIONS OFFICER 40.00 0.00 X 265817 0 26298 AARON PALMER CHIEF REVENUE OFFICER 40.00 0.00 X 272476 0 119730 TAMMY TEETER CHIEF ADMINISTRATIVE OFFICER 40.00 0.00 X 232471 0 28978 PATRICE KRUGER VP CHANNEL SERVICES 40.00 0.00 X 198800 0 22586 RACARDO MCLAUGHLIN VP MORTGAGE LENDING 40.00 0.00 X 188818 0 20044 DIANE SOKOLIK VP CONSUMER LENDING 40.00 0.00 X 184419 0 29748 LAURIE KRESL VP MARKETING 40.00 1.00 X 180450 0 18408 DEBRA GILDNER VP ACCOUNTING & FINANCE 40.00 0.00 X 177251 0 19738 3885433 0 1211642 76 0 1 0 NARMI INC PO BOX 231517 NEW YORK NY 10023 ONLINE BANKING SERVICES 2865647 CU DEALER DIRECT 2703 CAPITAL MALL DR SW STE 203 OLYMPIA WA 98502 INDIRECT LENDING SERVICES 668105 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 SOFTWARE MAINTENANCE/CONSULTING 635532 DIEBOLD PO BOX 643543 PITTSBURGH PA 152643543 EQUIPMENT REPAIRS/MAINTENANCE 479134 LENDING SOLUTIONS INCORPORATED 2200 POINT BLVD STE 110 ELGIN IL 60123 LENDING/UNDERWRITING SERVICES 440769 47 INTEREST ON LOANS 522100 72473717 72473717 SERVICE CHARGES AND FEES 522100 18017195 18007164 10031 VISA/INTERCHANGE INCOME 522100 15936336 15805177 131159 LOAN SALES AND SERVICING INCOME 522100 2347003 2347003 OTHER NONINTEREST INCOME 522100 2345171 2318509 26662 111119422 8407781 8407781 69080 72544 -3464 -3464 -3464 43657 55403 -11746 -11746 -11746 119511993 110951570 167852 8392571 818035 21050 5210449 3172802 31479783 3041950 4319707 2818878 144415 151863 32152 1777866 654594 2471071 5260442 2834020 246934 569925 1154985 507655 4020789 377034 MEMBER SERVICES 10699183 PROVISION FOR LOAN LOSS 6684500 LOAN SERVICING EXPENSES 4795947 OTHER EXPENSES 456253 43154 93765436 11408793 13531081 347613901 57376098 3538966 3575919 1319985722 1644894203 5521992 6122855 72983594 32703307 42444712 40280287 366191720 398585319 15947058 19989412 12129 59775245 67768336 2172440238 2252123510 13165929 21147170 3166693 4176679 86000000 1969517665 1980604229 1985850287 2091928078 X 0 0 0 0 186589951 160195432 186589951 160195432 2172440238 2252123510 25746557 -52141076 0 X X 0 1 X 1 0 32152 0 0 32152 32152 1 GOWEST CREDIT UNION ASSOCIATION 18000 INTERNATIONAL BLVD STE 350 SEATAC WA 98188 910460483 32152 PART I-A, LINE 1: CONTRIBUTION TO POLITICAL ORGANIZATION. 0 1 X 8912981 8912981 43585195 17704629 25880566 3282919 1746026 1536893 16769832 12882937 3886895 432667 369715 62952 40280287 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1971765519 DEFERRED COMPENSATION LIABILITIES 4641412 LEASE LIABILITY 4197298 1980604229 X PART IV, LINE 2B: CUSTODIAL ESCROW BALANCES MAINTAINED IN CONNECTION WITH LOAN SERVICING. PART X, LINE 2: THE CREDIT UNION IS STATE CHARTERED AND FEDERALLY TAX-EXEMPT UNDER INTERNAL REVENUE CODE 501(C)(14), EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME. THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2022. THE CREDIT UNION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS A NONINTEREST EXPENSE. DURING THE YEAR ENDED DECEMBER 31, 2022, THE CREDIT UNION RECOGNIZED NO INTEREST AND PENALTIES. 1 TWINSTAR COMMUNITY FOUNDATION 4501 INTELCO LP SE LACEY WA 98503 371768613 501(C)(3) 302249 0 COLLEGE/HIGHER ED SCHOLARSHIPS/CLASSROOM ASSISTANCE SPSCC FOUNDATION 2011 MOTTMAN RD SW OLYMPIA WA 98512 911174940 501(C)(3) 38500 0 EVENT SPONSORSHIP; SCHOLARS FUND NORTH THURSTON PUBLIC SCHOOLS 305 COLLEGE ST NE LACEY WA 985165390 916017626 501(C)(3) 30500 0 ONE SCHOOL/ONE BOOK SPONSORSHIP GRAYS HARBOR COLLEGE FOUNDATION 1620 EDWARD P SMITH DR ABERDEEN WA 98520 916052939 501(C)(3) 25000 0 FOUNDATION SUPPORT SECRETARY OF STATE PO BOX 40224 OLYMPIA WA 985040224 916001106 501(C)(4) 20000 0 COMBINED FUND DRIVE GOWEST CREDIT UNION FOUNDATION 18000 INTERNATIONAL BLVD STE 1102 SEATAC WA 98188 911649328 501(C)(3) 16125 0 CASH FOR KIDS DONATION SAINT MARTIN'S UNIVERSITY 5300 PACIFIC AVE SE LACEY WA 98503 910564993 501(C)(6) 15300 0 DEI SPONSORSHIP CITY OF LACEY PARK & REC 420 COLLEGE ST SE LACEY WA 985034123 910819427 CITY OF LACEY 15000 0 CULTURAL CELEBRATION; 3RD OF JULY SPONSORSHIPS THURSTON COUNTY ECONOMIC DEVELOPMENT COUNCIL 4220 6TH AVE SE LACEY WA 98503 911183169 501(C)(3) 11000 0 GALA SPONSORSHIP UNITED WAY OF THURSTON COUNTY 3525 7TH AVE SW OLYMPIA WA 98502 910713462 501(C)(3) 10000 0 CORNERSTONE SPONSORSHIP MULTICARE FOUNDATIONS MS 1313-3-FND PO BOX 5296 TACOMA WA 98415 911514257 501(C)(3) 10000 0 HELPING HANDS SPONSORSHIP SEATTLE CHILDREN'S FOUNDATION MS818-F PO BOX 5371 SEATTLE WA 981455005 911156519 501(C)(3) 10000 0 FOUNDATION SUPPORT THE ARC OF SW WASHINGTON PO BOX 2608 VANCOUVER WA 98668 910759016 501(C)(3) 10000 0 SPONSORSHIP/DONATION PIZZA KLATCH PO BOX 7384 OLYMPIA WA 98507 455534793 501(C)(3) 9000 0 SPONSORSHIP/DONATION FRANKLIN PIERCE SCHOOL DISTRICT 315 129TH ST S TACOMA WA 994455044 916014726 CITY OF TACOMA 8792 0 STUDENT EVENTS SPONSORSHIPS UNITED WAY OF LEWIS COUNTY 450 NW PACIFIC AVE CHEHALIS WA 985322019 910715071 501(C)(3) 6500 0 FLOOD RELIEF FUND DONATION; GOLF FUNDRAISER SPONSORSHIP CITY OF LAKEWOOD 6000 MAIN ST SW LAKEWOOD WA 984995027 911698185 CITY OF LAKEWOOD 6000 0 EVENT SPONSORSHIP; SOUTH SOUND YMCA 2102 CARRIAGE DR OLYMPIA WA 98502 910586473 501(C)(3) 6000 0 ANNUAL CAMPAIGN DONATION; BREAKFAST SPONSORSHIP NORTHWEST CREDIT UNION ASSOCIATION 18000 INTERNATIONAL BLVD STE 350 SEATAC WA 98188 910460483 501(C)(6) 6000 0 CONVENTION/SPONSORSHIP/DONATION CASCADIA TECH ACADEMY FOUNDATION 12200 NE 28TH ST VANCOUVER WA 98682 911530644 501(C)(3) 6000 0 SPONSORSHIP/DONATION SOUTH SOUND PARENT TO PARENT 2108 CATON WAY SW OLYMPIA WA 98502 911496512 501(C)(3) 5301 0 SPONSORSHIP/DONATION 18 3 VOICE OF CHILDREN CONTEST 8 800 SCHOLARSHIP AWARD 12 20250 PART I, LINE 2: ANNUALLY, TWINSTAR CREDIT UNION THROUGH THE TWINSTAR COMMUNITY FOUNDATION AWARDS SCHOLARSHIPS TO ELIGIBLE MEMBERS VIA TWO SEPARATE PROGRAMS: INCOMING FRESHMEN PROGRAM AND HIGHER EDUCATION/OR CURRENT COLLEGE ENROLLERS PROGRAM. AWARDEES ARE DETERMINED BY THE SCHOLARSHIP COMMITTEE WHO GRADES EACH APPLICATION. THE FUNDS ARE DIRECTLY MADE PAYABLE TO THE EDUCATIONAL INSTITUTION ON BEHALF OF THE AWARDEE. IF NOT USED, THE FUNDS REVERT BACK TO THE CREDIT UNION. TWINSTAR SPONSORS COMMUNITY EVENTS THAT MEET THREE CATEGORIES (EDUCATION, ECONOMIC DEVELOPMENT AND SPONSORSHIP) IN ALL ITS MARKET AREAS. EMPLOYEES USUALLY ACTIVELY PARTICIPATE IN THESE EVENTS UPON REQUEST OF THE ORGANIZATION OR AS PART OF TWINSTAR'S CONTINUOUS SUPPORT TO THE COMMUNITIES IT SERVES. X X 1 1 X X X 1 1 0 JEFF KENNEDY CEO/PRESIDENT/TREASURER 717119 0 321000 0 48798 0 825861 0 18679 0 1931457 0 0 0 SCOTT DAUKAS CHIEF STRATEGY OFFICER (THRU 08/22) 152736 0 35431 0 280973 0 17850 0 7831 0 494821 0 0 0 AARON PALMER CHIEF REVENUE OFFICER 218315 0 32046 0 22115 0 92216 0 27514 0 392206 0 0 0 REBECCA BREEN CHIEF OPERATIONS OFFICER (THRU 12/22 0 0 35930 0 280486 0 17850 0 12511 0 346777 0 0 0 JERROD KELLER CHIEF OPERATIONS OFFICER 232784 0 32739 0 294 0 15768 0 10530 0 292115 0 0 0 KIMBERLY STEEPY CHIEF FINANCIAL OFFICER 219380 0 31591 0 438 0 12951 0 12579 0 276939 0 0 0 TAMMY TEETER CHIEF ADMINISTRATIVE OFFICER 199118 0 24737 0 8616 0 12809 0 16169 0 261449 0 0 0 PATRICE KRUGER VP CHANNEL SERVICES 174706 0 15920 0 8174 0 11599 0 10987 0 221386 0 0 0 DIANE SOKOLIK VP CONSUMER LENDING 168528 0 14688 0 1203 0 10926 0 18822 0 214167 0 0 0 RACARDO MCLAUGHLIN VP MORTGAGE LENDING 171480 0 15037 0 2301 0 10934 0 9110 0 208862 0 0 0 LAURIE KRESL VP MARKETING 150301 0 14528 0 15621 0 9298 0 9110 0 198858 0 0 0 DEBRA GILDNER VP ACCOUNTING & FINANCE 158947 0 12197 0 6107 0 9383 0 10355 0 196989 0 0 0 PART I, LINE 1A TRAVEL EXPENSES FOR GUESTS OF OFFICERS, DIRECTORS AND KEY EMPLOYEES WILL BE PAID BY THE CREDIT UNION AND ARE INCLUDED IN THE BUDGET. A 1099-MISC FORM IS ISSUED TO ELECTED OFFICIALS (BOARD MEMBERS AND SUPERVISORY COMMITTEE MEMBERS) PROVIDED THE REPORTING THRESHOLD IS MET. PART I, LINES 4A-B DEFERRED COMPENSATION PLAN [SECTION 457(F)] - THE CREDIT UNION HAS A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR MEMBERS OF MANAGEMENT. THE CREDIT UNION CONTRIBUTES 100% OF THE FUNDS TO THIS PLAN INTO VARIOUS LIFE INSURANCE POLICIES WHICH ARE REPORTED AT THEIR CASH SURRENDER VALUES. UNDER THE TERMS OF THIS PLAN, THE PARTICIPANTS ARE ENTITLED TO A SPECIFIED AMOUNT IF THEY REMAIN EMPLOYED BY THE CREDIT UNION UNTIL A PREDETERMINED TIME. IF THESE EMPLOYEES BECOME FULLY DISABLED OR UPON DEATH, AS DEFINED IN THE AGREEMENT, ACCRUED BENEFITS ARE IMMEDIATELY PAYABLE. THE BENEFITS ARE SUBJECT TO FORFEITURE IF EMPLOYMENT IS TERMINATED FOR CAUSE AS DEFINED IN THE AGREEMENTS. THE DEFERRED COMPENSATION ACCOUNTS ARE SHOWN AS BOTH ASSETS AND LIABILITIES ON THE CREDIT UNION'S CONSOLIDATED FINANCIAL STATEMENTS AND ARE AVAILABLE TO CREDITORS IN THE EVENT OF THE CREDIT UNION'S LIQUIDATION. THE FOLLOWING WERE THE CONTRIBUTIONS TO THE PLAN DURING 2022. THERE WERE NO DISTRIBUTIONS FROM THE PLAN DURING 2022. JEFF KENNEDY - $808,011 AARON PALMER - $76,000 THE FOLLOWING INDIVIDUALS RECEIVED A SEVERANCE PAYMENT DURING 2022: REBECCA BREEN - $259,491 SCOTT DAUKAS - $280,793 FORM 990, PART VI, SECTION A, LINE 1A AT THE ORGANIZATIONAL MEETING, THE BOARD MAY ELECT AN EXECUTIVE COMMITTEE OF NOT FEWER THAN THREE (3) DIRECTORS TO SERVE AT ITS PLEASURE. UNLESS OTHERWISE CHANGED BY THE BOARD BY RESOLUTION, THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE BOARD OFFICERS. THE EXECUTIVE COMMITTEE SHALL MEET AS OFTEN AS NECESSARY AS CALLED BY THE CHAIR. AT ALL MEETINGS OF THE EXECUTIVE COMMITTEE, EACH DIRECTOR PRESENT SHALL HAVE ONE VOTE ON ANY MATTER AND EXCEPT AS OTHERWISE PROVIDED BY THE ACT OR THESE BYLAWS, THE ACTION OF A MAJORITY OF EXECUTIVE COMMITTEE MEMBERS AT A MEETING SHALL BE THE ACT OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE WILL HAVE THE AUTHORITY TO EXERCISE ALL OF THE POWERS OF THE BOARD, EXCEPT THE EXECUTIVE COMMITTEE WILL NOT HAVE THE AUTHORITY OF THE BOARD IN REFERENCE TO: A. AMENDING THESE BYLAWS OR THE CREDIT UNION'S ARTICLES OF INCORPORATION; B. EXERCISING THE NON-DELEGABLE POWERS UNDER THE ACT; C. REMOVING OR SUSPENDING OFFICERS FROM THEIR OFFICE OR COMMITTEE MEMBERS FROM THEIR COMMITTEES; D. APPOINTING INTERIM DIRECTORS; E. SUSPENDING BOARD OR SUPERVISORY COMMITTEE MEMBERS; OR F. ADOPTING A PLAN OF MERGER OR LIQUIDATION, OR CHANGING THE CHARTER OF THE CREDIT UNION. 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 CHARTER AND BYLAWS. THIS GENERALLY CONSISTS OF INDIVIDUALS WHO RESIDE IN OR ARE EMPLOYED IN THE STATE OF WASHINGTON, OR IN MULTNOMAH, CLACKAMAS, MARION, OR WASHINGTON COUNTIES IN OREGON, AND SELECT EMPLOYEE GROUPS WITHIN THE REGION. 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 THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B 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 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. A COPY WILL BE PRESENTED TO THE BOARD OF DIRECTORS AFTER FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ELECTED OFFICIALS, VOLUNTEERS AND ALL CREDIT UNION EMPLOYEES ARE BOUND BY THE CREDIT UNION'S POLICIES/PROCEDURES ON CODE OF ETHICS AND STANDARDS OF BUSINESS CONDUCT. ALL REASONABLE STEPS MUST BE TAKEN TO AVOID CONFLICTS OF INTERESTS OR THE APPEARANCE OF IMPROPRIETY OR A CONFLICT BY CEASING THE ACTIVITY OR TERMINATING THE RELATIONSHIP CREATING THE CONFLICT. CONDUCT NOT IN ACCORDANCE WITH THESE POLICIES CONSTITUTES GROUNDS FOR DISQUALIFICATION TO SERVE, DISCIPLINARY ACTION, SUSPENSIONS OR REMOVAL AS PERMITTED BY LAW FOR ELECTED OFFICIALS/VOLUNTEERS. DISCIPLINARY MEASURES FOR EMPLOYEES MAY BE INVOKED BY THE CEO THAT INCLUDE BUT NOT LIMITED TO, COUNSELLING, WARNINGS, ORAL OR WRITTEN REPRIMANDS, SUSPENSION OR TERMINATION CONSISTENT WITH THE CREDIT UNION'S "EMPLOYMENT AT WILL" POLICY. DISCLOSURE RESPONSIBILITY RESTS ON EACH ELECTED OFFICIAL, VOLUNTEER AND EMPLOYEE. AN ACKNOWLEDGEMENT AND AGREEMENT IS SIGNED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD MEETS IN EXECUTIVE SESSION AND DETERMINES COMPENSATION FOR THE CEO BY REVIEWING 1) COMPARABILITY DATA 2) THE RESULTS OF MANAGEMENT'S GOALS FOR THE YEAR, AND 3) THE RESULTS OF THE CEO EVALUATION AND SCORING SHEET COMPLETED BY EACH BOARD DIRECTOR. THE COMPENSATION IS THEN DOCUMENTED IN THE PERSONNEL FILE. COMPENSATION FOR THE VICE PRESIDENTS/OFFICERS IS DETERMINED BY THE CEO AFTER REVIEWING COMPARABILITY DATA PROVIDED BY HUMAN RESOURCES VENDOR AND REVIEW OF THE PROGRESS AND RESULTS OF MANAGEMENT'S GOALS. THE COMPENSATION IS THEN DOCUMENTED IN THE PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. THE PARAGON CONSULTING GROUP FKA FULCRUM CONSULTING LLC PO BOX 718 OLYMPIA WA 985077518 260473592 CONSULTING WA 144874 2089089 TWINSTAR CREDIT UNION TWINSTAR COMMUNITY FOUNDATION PO BOX 718 OLYMPIA WA 98507 371768613 FOUNDATION WA 501(C)(3) LINE 7 TWINSTAR CREDIT UNION 1 CREDIT UNION SERVICES THROUGH OPERATIONS MANAGEMENT INC PO BOX 718 OLYMPIA WA 98507 911283584 COURIER SERVICES WA TWINSTAR CREDIT UNION C 6123 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 TWINSTAR COMMUNITY FOUNDATION B 302249 CASH