2025-05-09T14:24:35-07:00 2024-12-31 990 2024-01-01 910565155 CREDIT UNIONS IN THE STATE OF WASHINGTON CRED 3604252130 PO BOX 3020 LONGVIEW WA 98632 Deidra Miner President/CEO 3604252130 2025-05-09 1 2024 2025-03-06 01:10:19Z Red Canoe Credit Union Deidra Miner PO BOX 3020 LONGVIEW WA 98632 63974100 0 X WWW.REDCANOECU.COM X 1937 WA STATE CHARTERED CREDIT UNION 9 9 280 12 0 0 0 0 49178208 58377488 4733776 3780447 2091131 1816165 56003115 63974100 98739 114696 0 0 23176740 22837286 0 0 0 28915320 33430424 52190799 56382406 3812316 7591694 1160865790 1144405802 1040373507 1012013111 120492283 132392691 The purpose of this Credit Union is to cooperatively provide service and benefits to our members through the principle of mutual self-help. 0 0 State chartered credit union 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 13402 0 1 280 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 1 1 0 1 0 1 1 1 1 1 0 WA X RED CANOE CREDIT UNION 3604252130 1418 15th Ave LONGVIEW WA 98632 David Spaulding President/CEO 45 0 X 1113585 0 64350 Deidra Miner President 45 0 X 435989 0 43760 Rich Wilson CFO 45 0 X 380176 0 70023 Tim Amato CLO 45 0 X 318556 0 58570 Amy Davis Vice President Marketing 45 0 X 270176 0 55534 Kim Divine CHRO 45 0 X 265463 0 46321 Elkan Wollenberg CIO 45 0 X 269153 0 22833 Brett Nielsen Vice President of Business Lending 45 0 X 225907 0 23505 Rod Snyder Vice President of Sales & Branch Operations 45 0 X 211549 0 29812 Kelly Richter Vice President of Deposit Operations 45 0 X 181210 0 37577 Andrew Bellah Vice President of Home Lending 45 0 X 185481 0 27054 Mindy Tanner Vice President of Internal Audit 45 0 X 184412 0 24193 Meredith Ellis Vice President Information Technology 45 0 X 167134 0 39547 Patty Greer Director of Branch Operations 45 0 X 151650 0 31934 Jack Little Information Security Manager 45 0 X 139647 0 36397 Caroll Hope Executive Assistant 45 0 X 136482 0 34102 Amanda Erickson Director of Branch Operations 45 0 X 137795 0 29398 Kathy Miller Branch Manager V 45 0 X 128158 0 35260 James Fraley Vice President of Consumer Lending 45 0 X 138470 0 21757 Russ Peters B.I. Development Manager 45 0.00 X 125583 0 31344 Theresa Beisse Home Loan Underwriting Manager 45 0 X 125503 0 29316 Michelle Trekas Director of Employee Engagement 45 0 X 120936 0 28192 Kurt Sacha Board Chairman 1 0 X 0 0 0 Erin Hart Board Vice Chair 1 0 X 0 0 0 Tamra Ghilchrist Board Secretary 1 0 X 0 0 0 Cindy Brado Board Treasurer 1 0 X 0 0 0 Vasiliy Pisarchuk Board Member 45 0 X 0 0 0 Malia AU Board Member 1 0 X 0 0 0 Mike Claxton Board Member 1 0 X 0 0 0 Wendy Hall Board Member 1 0 X 0 0 0 5413015 0 820779 46 1 1 0 CO-OP Financial Services 9692 Haven Ave Corporate Headquarters Rancho Cucamonga CA 91730 CU Services 1030512 Jack Henry and Associates PO Box 609 Monett MO 65708 Data Processing 835892 CDW Direct PO Box 75723 Chicago IL 60675 IT supplies 782090 Cook Security Group 9225 NE Cascades Pkwy Portland OR 97220 ATM Servicing 663884 Cubus Solutions 5331 S MACADAM AVE STE 251 PORTLAND OR 97239 ONLINE BANKING 447494 31 0 0 0 0 0 0 0 0 Interest on Loans 522130 47518735 47518735 0 0 Fee Income 522130 10858753 10858753 0 0 0 0 0 0 58377488 3780447 3780447 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISC INCOME 522130 1816165 1816165 0 0 0 0 0 0 1816165 63974100 63974100 0 0 82029 32667 0 0 2782923 0 16544881 1749590 241919 1517973 0 26315 2551312 0 0 0 795241 755676 1467279 3421920 0 1538051 0 0 478975 11966989 0 1968070 290327 Dues 655040 Loan Servicing 4627729 2887500 56382406 0 0 0 8389433 17345925 42897022 48252450 0 0 0 0 0 0 0 0 839616534 889447683 0 0 5779796 6524162 80800151 37760269 42857326 43039882 207523288 126381344 0 0 0 0 0 0 13802391 13414356 1160865790 1144405802 16247842 17410666 0 0 0 0 0 0 0 0 0 0 25000000 0 0 0 999125665 994602445 1040373507 1012013111 X 0 0 0 0 120492283 132392691 120492283 132392691 1160865790 1144405802 X 7591694 0 0 0 0 4308714 X 0 1 X 1 0 8017273 0 8017273 41317796 0 17484458 23833338 0 0 0 0 31465082 0 20275811 11189271 0 0 0 0 43039882 0 Member Shares 994602445 994602445 X Schedule D, Part X, Line 2 The Credit Union has no unrecognized tax benefits at December 31, 2024 and 2023. Interest accrued and penalties to unrecognized tax benefits would be recognized by the Credit Union as noninterest expense. During the years ended December 31, 2024 and 2023, the Credit Union recognized no interest penalties. With few exceptions, the Credit Union is no longer subject to U.S. federal tax examinations by tax authorities for years before 2012. 1 Family Life Community Church 1 14419 0 Longview Parks and Recreation 1 7500 0 Vine Maple Place 1 5853 0 Woodland School District 1 5841 0 Youth and Family Link 1 5673 0 Schedule I, Part I, Line 2 The Credit Union awards scholarships to members that apply. A listing is kept and funds are paid to the school the applicant is attending. The same is for grants. The Vice President Marketing keeps records of these. X X 1 1 X 0 1 0 David Spaulding President/CEO 666329 0 103486 0 390838 0 0 0 17283 0 1177936 0 0 0 Deidra Miner President 416877 0 46369 0 0 0 0 0 16503 0 479749 0 0 0 Rich Wilson CFO 398812 0 32743 0 0 0 0 0 18644 0 450199 0 0 0 Tim Amato CLO 334499 0 27235 0 0 0 0 0 15392 0 377126 0 0 0 Amy Davis Vice President Marketing 283433 0 22644 0 0 0 0 0 19633 0 325710 0 0 0 Kim Divine CHRO 276689 0 22767 0 0 0 0 0 12628 0 312084 0 0 0 Elkan Wollenberg CIO 255180 0 24834 0 0 0 0 0 11972 0 291986 0 0 0 Brett Nielsen Vice President of Business Lending 236365 0 0 0 0 0 0 0 13048 0 249413 0 0 0 Rod Snyder Vice President of Sales & Branch Operations 239938 0 0 0 0 0 0 0 1423 0 241361 0 0 0 Kelly Richter Vice President of Deposit Operations 194833 0 12559 0 0 0 0 0 11395 0 218787 0 0 0 Andrew Bellah Vice President of Home Lending 199014 0 0 0 0 0 0 0 13521 0 212535 0 0 0 Mindy Tanner Vice President of Internal Audit 193336 0 0 0 0 0 0 0 15269 0 208605 0 0 0 Meredith Ellis Vice President Information Technology 179977 0 11505 0 0 0 0 0 15199 0 206681 0 0 0 Patty Greer Director of Branch Operations 172455 0 0 0 0 0 0 0 11130 0 183585 0 0 0 Jack Little Information Security Manager 150092 0 9592 0 0 0 0 0 16360 0 176044 0 0 0 Caroll Hope Executive Assistant 153347 0 0 0 0 0 0 0 17237 0 170584 0 0 0 Amanda Erickson Director of Branch Operations 156596 0 0 0 0 0 0 0 10598 0 167194 0 0 0 Kathy Miller Branch Manager V 145893 0 0 0 0 0 0 0 17525 0 163418 0 0 0 James Fraley Vice President of Consumer Lending 138706 0 10477 0 0 0 0 0 11044 0 160227 0 0 0 Russ Peters B.I. Development Manager 143578 0 0 0 0 0 0 0 13348 0 156926 0 0 0 Theresa Beisse Home Loan Underwriting Manager 142967 0 0 0 0 0 0 0 11852 0 154819 0 0 0 Michelle Trekas Director of Employee Engagement 129997 0 8464 0 0 0 0 0 10667 0 149128 0 0 0 Schedule J, Part I, Line 1a The Credit Union establishes a budget for travel and if the purchase of first class tickets remains in budget, first class travel is allowed. The Credit Union pays for officers', key employees', and highest compensated employees' spouses when accompanying on business trips. Schedule J, Part I, Line 3 The CEO's compensation is determined by the Board of Directors. Schedule J, Part I, Line 4 David Spaulding, President/CEO, received a payout of $390,838 from his 457(f). Form 990, Part VI, Section A, Line 6 The credit union has members. Form 990, Part VI, Section A, Line 7a The members vote at the annual meeting for the Board of Directors whose term is expiring. Form 990, Part VI, Section B, Line 11b The 990 is completed by the Accounting Manager and reviewed by the CFO. Form 990, Part VI, Section B, Line 12c Every policy is reviewed and corrections are made twice a year by the Officers. This policy is reviewed and updated. There were no conflicts of interest in the 2024 calendar year. Form 990, Part VI, Section B, Line 15 All compensation at the credit union is based on experience as well as using software to compare to other similar positions in similar fields. This is done during the budget season every year. The Chief of Human Resources Officer uses software to compute compensation based on the requirement mentioned above. The CEO's compensation is approved by the Board of Directors. Form 990, Part VI, Section C, Line 19 They are available upon request. Statements of financial condition are posted in the lobby of our main branch for the public to see. Form 990, Part XI, Line 9 This was due to an adjustment to the 2023 undivided earnings. CU Concepts 1418 15th Ave Longview WA 98632 911867850 Financial Management WA Red Canoe Credit Union C 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0