2023-11-10T17:35:01-06:00 2022-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2022-01-01 910576399 IQ CREDIT UNION IQCR 3606953441 PO BOX 1739 VANCOUVER WA 986681739 DAN MEDAK CFO 3606953441 2023-11-08 1 DAN MEDAK XXX-XX-XXXX 0 WENDY CAMPOS P00448102 5032421447 2023-11-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAN MEDAK PO BOX 1739 VANCOUVER WA 986681739 95872911 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. 12 12 484 12 2438945 0 0 0 74656585 86126385 1437916 5765435 1539181 500284 77633682 92392104 151200 91500 0 0 26561619 28282971 0 0 0 31454497 39638773 58167316 68013244 19466366 24378860 1792465816 2008224369 1638402933 1840459272 154062883 167765097 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 102,478 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 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 30101 0 1 484 1 1 1 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X DAN MEDAK 3607593138 PO BOX 1739 VANCOUVER WA 986681739 DOUGLAS E LEHRMAN BOARD CHAIRMAN 5.00 X X 24125 0 0 SHARON EASTMAN BOARD SECRETARY 4.00 X X 19569 0 0 JOSEPH NUTTING BOARD VICE CHAIRMAN 4.00 X X 19569 0 0 EVELYN D GRENDAHL BOARD TREASURER 4.00 X X 19569 0 0 STEVE PORTER BOARD MEMBER 2.50 X 15763 0 0 JAMES ASKEY BOARD MEMBER 2.50 X 15763 0 0 JIL CLICK BOARD MEMBER 2.50 X 15763 0 0 JOAN DURGIN BOARD MEMBER 2.50 X 15763 0 0 DON KITTERMAN BOARD MEMBER 2.50 X 15763 0 0 RONALD ALAN ODERMOTT BOARD MEMBER 2.50 X 13725 0 0 BRIAN LOOS BOARD MEMBER 2.50 X 11313 0 0 ARLENE HETT BOARD MEMBER 2.50 X 11313 0 0 ERIC PETRACCA PRESIDENT/CEO 48.00 X 726472 0 60298 DAN MEDAK CFO 48.00 X 266200 0 22179 GAYLE GUSTAFSON SVP CHIEF LENDING OFFICER 48.00 X 271907 0 40739 DANETTE LACHAPELLE SVP CHIEF COMM. OFFICER 48.00 X 619468 0 17525 JORDAN LEHRMAN SVP CHIEF TECHNOLOGY OFFICER 48.00 X 226429 0 41628 ALI MIGAKI SVP CHIEF RETAIL OFFICER 48.00 X 196874 0 28403 KARI STANSBERRY SVP CHIEF ADMIN. OFFICER 48.00 X 267463 0 63777 RYAN GREENWOOD INVESTMENT SVCS FINANCIAL ADVISOR 45.00 X 267278 0 43013 JEREMY WIERSMA VP BUSINESS SERVICES 45.00 X 222703 0 17314 JON DAVIS VP INVESTMENT SERVICES 45.00 X 208624 0 39079 DENIS MARSH VP INSURANCE SERVICES 45.00 X 203738 0 34030 DIANNE SMITH VP MORTGAGE SERVICES 45.00 X 182644 0 31043 3857798 0 439028 40 0 1 0 PSCU INCORPORATED 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CARD SERVICES 1588950 ALKAMI TECHNOLOGY INC PO BOX 122223 DALLAS TX 753122223 ONLINE BANKING 1471755 FIRSTCLOSE INC PO BOX 58086 SANTA CLARA CA 95050 LOAN PROCESSING FEES 720197 SYNERGI PARTNERS INC PO BOX 5599 FLORENCE SC 295025599 TAX PLANNING SERVICES 537817 COOK SECURITY GROUP 9225 NE CASCADES PARKWAY PORTLAND TX 97220 SECURITY SERVICES 521285 22 LOAN INTEREST 522100 61363396 61363396 OTHER OPERATING INCOME 522100 17787508 17229364 558144 FEES AND CHARGES 522100 6975481 5090781 1884700 86126385 2762897 2762897 52704 68191 -15487 -15487 -3899 -11588 6415154 3412616 3002538 3002538 3002538 OTHER INCOME/LOSS 522100 1068308 1068308 OTHER INCOME/LOSS 523000 -552537 -552537 515771 92392104 84199312 2438945 5753847 69500 22000 3092429 21331447 1847567 1737177 274351 82857 113462 2255254 2272029 1500320 2271875 249397 9675 6487091 2222898 225878 LOAN LOSS PROVISION 7115044 LOAN SERVICING 6494003 ATM EXPENSES 2864815 FEDERAL TAX EXPENSE 70000 5404175 68013244 7463830 9466264 124488721 115090074 1358255578 1629132330 16877774 30101509 49358715 24244365 24059759 25114350 227710436 152186050 5845216 8519428 27764502 38614364 1792465816 2008224369 17070096 19127904 1621332837 1821331368 1638402933 1840459272 X 0 0 0 0 154062883 167765097 154062883 167765097 1792465816 2008224369 X 24378860 -10077186 -599460 X 0 0 0 0 0 6930284 6930284 16299976 5428043 10871933 9559027 6705452 2853575 13820951 9516818 4304133 2748477 2594052 154425 25114350 SHARES/DEPOSITS 1780181376 LEASE LIABILITY 6149992 BORROWINGS 35000000 1821331368 1 CITY OF PORTLAND PO BOX 5066 PORTLAND OR 97208 936002236 GOVERNMENT 6000 0 GENERAL SUPPORT CITY OF VANCOUVER PO BOX 24987 SEATTLE WA 98124 916001288 GOVERNMENT 8000 0 GENERAL SUPPORT GREATER VANCOUVER CHAMBER OF COMMERCE 1111 MAIN ST STE 201 VANCOUVER WA 98660 910452260 501(C)(6) 12500 0 GENERAL SUPPORT WHY RACING EVENTS INC 1108 NE 146TH ST VANCOUVER WA 98685 472525259 501(C)(3) 10000 0 GENERAL SUPPORT PARKS FOUNDATION OF CLARK COUNTY PO BOX 993 CAMAS WA 98607 911986747 501(C)(3) 8000 0 GENERAL SUPPORT 4 1 SCHOLARSHIPS 6 22000 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 1 1 X X X 0 1 0 ERIC PETRACCA PRESIDENT/CEO 578725 0 147747 0 0 0 33208 0 27090 0 786770 0 0 0 DANETTE LACHAPELLE SVP CHIEF COMM. OFFICER 172001 0 38308 0 409159 0 9531 0 7994 0 636993 0 0 0 KARI STANSBERRY SVP CHIEF ADMIN. OFFICER 219702 0 47761 0 0 0 34336 0 29441 0 331240 0 0 0 GAYLE GUSTAFSON SVP CHIEF LENDING OFFICER 226220 0 45687 0 0 0 29673 0 11066 0 312646 0 0 0 RYAN GREENWOOD INVESTMENT SVCS FINANCIAL ADVISOR 56848 0 210430 0 0 0 13814 0 29199 0 310291 0 0 0 DAN MEDAK CFO 231285 0 34915 0 0 0 13370 0 8809 0 288379 0 0 0 JORDAN LEHRMAN SVP CHIEF TECHNOLOGY OFFICER 208158 0 18271 0 0 0 11803 0 29825 0 268057 0 0 0 JON DAVIS VP INVESTMENT SERVICES 120745 0 87879 0 0 0 13047 0 26032 0 247703 0 0 0 JEREMY WIERSMA VP BUSINESS SERVICES 168924 0 53779 0 0 0 10352 0 6962 0 240017 0 0 0 DENIS MARSH VP INSURANCE SERVICES 170293 0 33445 0 0 0 10596 0 23434 0 237768 0 0 0 ALI MIGAKI SVP CHIEF RETAIL OFFICER 162673 0 34201 0 0 0 -3345 0 31748 0 225277 0 0 0 DIANNE SMITH VP MORTGAGE SERVICES 167183 0 15461 0 0 0 8454 0 22589 0 213687 0 0 0 PART I, LINE 1A THESE BENEFITS ARE PROVIDED TO THE CEO AS PART OF THE EMPLOYMENT AGREEMENT. THE DISCRETIONARY SPENDING ACCOUNT IS INCLUDED IN THE CEO'S TAXABLE COMPENSATION. CEO ALSO IS PROVIDED COMPANY-OWNED AUTO FOR BUSINESS AND PERSONAL USE. PART I, LINE 4B SOME MEMBERS OF EXECUTIVE MANAGEMENT PARTICIPATED IN A 457(F) PLAN. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION MEMBERS ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION HAS MEMBERS AND EACH MEMBER CAN VOTE. 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 11B 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 BOARD MEMBERS ANNUALLY 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 15A CEO SALARY IS DETERMINED AFTER REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTEE, WHICH IS INDEPENDENT OF THE CEO. SALARY IS BASED ON THE CEO'S EXPERIENCE AND COMPENSATION FROM CUES EXECUTIVE COMPENSATION SURVEYS. MINUTES ARE KEPT TO DOCUMENT THE DISCUSSION AND FINAL DECISION. THE EXECUTIVE COMMITTEE ANNUALLY REVIEWS THE CEO'S SALARY TO DETERMINE WHETHER TO ADJUST THE BASE SALARY UPWARD. 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. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE INCOME/EQUITY TRUE-UP -599,460. IQ FOR KIDS PO BOX 1739 VANCOUVER WA 98668 203988310 FUNDRAISING TO SUPPORT CHILDREN'S CHARITIES WA 501(C)(3) 509(A)(1) N/A 0 CLARK FINANCIAL SERVICES INC PO BOX 1846 VANCOUVER WA 98668 911253818 SERVICE ORG PROVIDING INSURANCE PRODUCTS TO CREDIT UNION MEMBERS WA IQ CREDIT UNION C 237178 2607234 1.00000 1 1 0 0 1 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 CLARK FINANCIAL SERVICES INC A 11842 FAIR MARKET VALUE CLARK FINANCIAL SERVICES INC Q 1447333 FAIR MARKET VALUE CLARK FINANCIAL SERVICES INC D 500000 LOAN GUARANTEE/NO BALANCE