2022-05-12T19:42:55-05:00 2021-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2021-01-01 910617775 COLUMBIA COMMUNITY CREDIT UNION COLU 3608914000 PO BOX 324 VANCOUVER WA 98666 STEPHON KENNY PRESIDENT/CEO 3608914000 2022-05-06 1 STEPHON KENNY XXX-XX-XXXX WENDY CAMPOS P00448102 5032421447 2022-05-06 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z STEPHON KENNY PO BOX 324 VANCOUVER WA 98666 81363767 0 X WWW.COLUMBIACU.ORG X 1952 WA A STRONG MEMBER FINANCIAL COOPERATIVE PROVIDING VALUE THROUGH: MEETING MEMBERS' NEEDS WITH QUALITY SERVICES AND PRODUCTS; CARING FOR MEMBERS AT EVERY CONTACT; AND ENHANCING THE COMMUNITIES WE SERVE THROUGH VOLUNTEERISM AND LEADERSHIP. 9 9 400 0 2092259 0 0 0 89755026 78560491 1853348 2802793 0 0 91608374 81363284 325166 297788 0 0 28868517 29570100 0 0 0 50108296 29545957 79301979 59413845 12306395 21949439 2101786104 2324855630 1898644710 2101960163 203141394 222895467 BRINGING PEOPLE TOGETHER TO MAKE LIFE BETTER FOR THEMSELVES AND THEIR COMMUNITIES. 0 0 COLUMBIA COMMUNITY CREDIT UNION IS A WASHINGTON STATE-CHARTERED CREDIT UNION WITH A FIELD OF MEMBERSHIP IN WASHINGTON AND OREGON AND IS REGULATED BY THE WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS, DIVISION OF CREDIT UNIONS WITH RECIPROCAL OVERSIGHT BY THE OREGON DEPARTMENT OF CONSUMER & BUSINESS SERVICES, DIVISION OF FINANCIAL REGULATION. MEMBERS' DEPOSITS ARE INSURED BY THE NATIONAL CREDIT UNION SHARE INSURANCE FUND. THE MAIN PURPOSE OF THE CREDIT UNION IS PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT FAIR AND REASONABLE RATES OF INTEREST. 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 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 38260 0 1 400 1 1 1 0 0 0 0 0 1 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X EMILY YODER 3606193305 200 SE PARK PLAZA DRIVE VANCOUVER WA 98684 KELLY LOVE BOARD CHAIRMAN 2.30 X X 25982 0 0 JOSEPH VANCE TREASURER 2.30 X X 20147 0 0 CAROL VAN NATTA VICE CHAIR 2.30 X X 20000 0 0 ERIC SAWYER SECRETARY 2.30 X X 20000 0 0 MAX AULT DIRECTOR/COMMITTEE CHAIR 2.30 X 20000 0 0 TRACEY MALONE DIRECTOR 2.30 X 15599 0 0 JULIANNA MARLER DIRECTOR 2.30 X 15338 0 0 DENA STRONG DIRECTOR 2.30 X 15000 0 0 MARCI WHITE-STUMPF DIRECTOR 2.30 X 15000 0 0 STEPHON D KENNY PRESIDENT/CEO 45.00 X 1080346 0 207642 MARC T TIMM SVP CHIEF LENDING OFFICER 40.00 X 465132 0 67169 PENNY R HARRIS SVP CHIEF FINANCIAL OFFICER 40.00 X 207829 0 44634 LINDSEY R SALVESTRIN SVP CHIEF OPERATING OFFICER 40.00 X 456051 0 96321 COLLEEN BOCCIA SVP CHIEF MARKETING OFFICE 40.00 X 385518 0 66341 MICHAEL D FLOREA SVP CHIEF DATA OFFICER 40.00 X 371922 0 78606 MARK C MICHAELS SVP CHIEF INFORMATION OFFI 40.00 X 283841 0 133573 WENDY SMITH SVP CHIEF RISK OFFICER 40.00 X 311309 0 65962 JAMES B WOOD III SVP CHIEF HR OFFICER 40.00 X 257686 0 76423 JEFFREY W DAY HOME LOAN OFFICER 40.00 X 351847 0 21249 SUZI LOCKE HOME LOAN OFFICER 40.00 X 322780 0 24215 JOHN STEINKE HOME LOAN OFFICER 40.00 X 263999 0 34953 JOSEPH I STORM VP DIRECTOR COMMERICAL & B 40.00 X 228972 0 15066 TIMOTHY E REICHSTEIN INVESTMENT ADVISOR REPRESENTATIVE 40.00 X 192245 0 20511 5346543 0 952665 56 0 1 0 FISERV INC 255 FISERV DRIVE BROOKFIELD WY 53045 SOFTWARE SUPPORT/MAINTENANCE/LICENSES & 3372556 NCR CORPORATION 864 SPRING STREET NW ATLANTA GA 30308 PC BANKING/E-STMT PROCESSING/ATM UNITS W 2133718 STRUCTURED COMMUNICATION SYSTEM 12901 SE 97TH AVENUE SUITE 400 CLACKAMAS OR 97015 SOFTWARE & HARDWARE MAINTENANCE/SUPPORT 1170540 CENLAR FSB PO BOX 77415 EWING NJ 08628 LOAN SERVICING/SUBSERVICING, SERVICES FO 483901 KAYE-SMITH 4101 OAKESDALE AVENUE SW RENTON WA 98057 PRODUCTION AND PRINTING SERVICES FOR LOA 393552 47 INT & FEES ON LOANS 522100 54850230 54850230 ATM INCOME 522100 8834212 8732506 101706 GAIN ON SALE OF LOANS 522100 5513175 5513175 FEES & SERVICE CHARGES 522100 4740425 4740425 MISC OPERATING INCOME 522100 2683760 2631896 51864 1938689 1938689 78560491 2803276 2803276 483 -483 -483 -483 81363284 76468232 2092259 2802793 297788 4823371 19452627 749060 2601239 1943803 -496166 239145 1036041 1345607 1729971 8108679 1959737 15039 711958 6491352 2875344 566301 LOAN SERVICING 2266476 PROVISION FOR LOAN LOSS 447376 DUES AND SUBSCRIPTIONS 222186 STATEMENT PROCESSING 218969 1807942 59413845 704950722 678917347 194110 212057 1287199632 1354427314 2336071 2571012 62101125 36259435 27632421 25841690 42292203 227575019 3251038 3115600 33929907 32195591 2101786104 2324855630 16361291 14231592 1034712 252877 1881248707 2087475694 1898644710 2101960163 X 0 0 0 0 203141394 222895467 203141394 222895467 2101786104 2324855630 21949439 -2195366 0 X 0 1 X 1 0 17902 0 0 17902 17902 1 NORTHWEST CREDIT UNION ASSOCIATION 18000 INTERNATIONAL BOULEVARD SUIT SEATAC WA 98188 910460483 17902 0 PART I-A, LINE 1: INDIRECT POLITICAL CAMPAIGN ACTIVITY THROUGH CONTRIBUTIONS TO OTHER ORGANIZATIONS; NORTHWEST CREDIT UNION ASSOCIATION 0 1 X 5825213 5825213 28605593 12710714 15894879 3511905 3029152 482753 23960850 20519569 3441281 197564 197564 25841690 MEMBERS' SHARE AND SAVINGS ACCOUNTS 2087475694 2087475694 X PART IV, LINE 2B: ESCROW ACCOUNTS ARE FOR MEMBER REAL ESTATE LOANS TO PAY REAL ESTATE TAXES. PART X, LINE 2: FIN 48 (ASC 740) UNCERTAIN TAX POSITIONS FINANCIAL STATEMENT FOOTNOTE - 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 UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2021 AND 2020. THE CREDIT UNION'S 2018 THROUGH 2020 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. 1 AMERICAN HEART ASSOCIATION 7272 GREENVILLE AVENUE DALLAS TX 75231 135613797 501(C)(3) 25000 0 SUPPORT FOR HEART DISEASE RESEARCH AND PREVENTION THROUGH EVENT SPONSORSHIP BOYS & GIRLS CLUB OF SW WASHINGTON 1111 MAIN STREET SUITE 605 VANCOUVER WA 98660 911978646 501(C)(3) 25000 0 SUPPORT FOR PROGRAMS FOR AT-RISK YOUTH THROUGH EVENT SPONSORSHIP BUILDING INDUSTRY ASSOCIATION 103 E 29TH STREET VANCOUVER WA 98663 910906923 501(C)(3) 7650 0 SUPPORT FOR LOCAL ECONOMY GROWTH AND EDUCATION PROGRAMS THROUGH EVENT SPONSORSHIPS CLARK COLLEGE FOUNDATION 1933 FORT VANCOUVER WAY VANCOUVER WA 98663 237315006 501(C)(3) 40000 0 SUPPORT FOR STEM PROGRAM THROUGH GRANTS COLUMBIA RIVER ECONOMIC DEVELOPMENT COUNCIL 805 BROADWAY STE 412 VANCOUVER WA 98660 911186305 501(C)(4) 14200 0 SUPPORT FOR LOCAL ECONOMY GROWTH AND EDUCATION PROGRAMS THROUGH EVENT SPONSORSHIPS COLUMBIA SPRINGS ENVIRONMENTAL CENTER 12208 E EVERGREEN HIGHWAY VANCOUVER WA 98683 912127406 501(C)(3) 11900 0 SUPPORT FOR ENVIRONMENTAL EDUCATION PROGRAMS THROUGH EVENT SPONSORSHIP COMMUNITY MILITARY APPRECIATION COMMITTEE 8002 NE HIGHWAY 99 PMB6 VANCOUVER WA 98665 452212671 501(C)(3) 5967 0 SUPPORT FOR VETERANS THROUGH EVENT SPONSORSHIP EVERGREEN SCHOOL DISTRICT FOUNDATION 13215 C-8 SE MILL PLAIN BOULEVARD VANCOUVER WA 98684 911714854 501(C)(3) 7500 0 SUPPORT FOR EDUCATION PROGRAMS THROUGH EVENT SPONSORSHIP GREATER VANCOUVER CHAMBER OF COMMERCE 1111 MAIN STREET SUITE 201 VANCOUVER WA 98660 910452260 501(C)(6) 9950 0 PROMOTE AND SUPPORT SMALL BUSINESS RESOURCES THROUGH EVENT SPONSORSHIP HOME WITH HEROES PO BOX 821030 VANCOUVER WA 98686 462359112 501(C)(3) 5967 0 SUPPORT FOR VETERANS THROUGH EVENT SPONSORSHIP IDENTITY CLARK COUNTY 900 WASHINGTON STREET SUITE 1040 VANCOUVER WA 98660 911623724 501(C)(3) 20000 0 SUPPORT FOR ECONOMIC DEVELOPMENT THROUGH GRANT LEADERSHIP CLARK COUNTY 3210 NE 52ND STREET VANCOUVER WA 98663 911555372 501(C)(3) 11164 0 SUPPORT TO DEVELOP LOCAL LEADERS FOR COMMUNITY THROUGH EVENT FUNDRAISING LEGACY SALMON CREEK HOSPITAL FOUNDATION 2211 NE 139TH STREET VANCOUVER WA 98686 830433165 501(C)(3) 15600 0 SUPPORT FOR THE CHILD ABUSE ADVOCACY TEAM THROUGH EVENT FUNDRAISING NW ASSOCATION FOR BLIND ATHLETES 703 BROADWAY STREET SUITE 600 VANCOUVER WA 98660 260244283 501(C)(3) 6000 0 SUPPORT FOR SPORTS PROGRAMS THROUGH EVENT SPONSORSHIP OHSU FOUNDATION 2020 SW 4TH AVENUE SUITE 900 PORTLAND OR 97201 237083114 501(C)(3) 10000 0 SUPPORT FOR CU4KIDS THROUGH SPONSORSHIP RETURNING VETERANS PROJECT PO BOX 15035 VANCOUVER WA 97293 204034255 501(C)(3) 5967 0 SUPPORT FOR VETERANS THROUGH EVENT SPONSORSHIP RIDGEFIELD MAIN STREET PO BOX 1656 RIDGEFIELD WA 98642 465501278 501(C)(3) 10000 0 SUPPORT FOR LOCAL ECONOMY GROWTH THROUGH EVENT SPONSORSHIPS SHARE 2306 NE ANDRESEN ROAD VANCOUVER WA 98661 911205119 501(C)(3) 6500 0 SUPPORT FOR PROGRAMS SERVING HOMELESS AND HUNGRY IN OUR COMMUNITY THROUGH EVENT SPONSORSHIP THE HISTORIC TRUST 750 ANDERSON STREET VANCOUVER WA 98661 911937645 501(C)(3) 30600 0 PRESERVATION FOR NATIONAL SITE AND SUPPORT FOR EDUCATION PROGRAMS THROUGH SPONSORSHIP AND EVENT FUNDRAISING VANCOUVER SCHOOL DISTRICT FOUNDATION 2901 FALK ROAD VANCOUVER WA 98661 910971800 501(C)(3) 10000 0 SUPPORT FOR EDUCATION PROGRAMS THROUGH EVENT SPONSORSHIP 18 2 PART I, LINE 2: WHEN MONEY IS DONATED, ONGOING COMMUNICATION IS ESTABLISHED BETWEEN THE NON-PROFIT RECEIVING DONATIONS AND THE OUTREACH TEAM TO ENSURE IT IS DISTRIBUTED AS INTENDED. IN TURN, THE NON-PROFIT IS REQUESTED TO PROVIDE THE OUTREACH TEAM A RECAP OF HOW THE MONIES WERE USED AND HOW IT BENEFITED THE INTENDED PARTY. X 1 1 X X X X X 0 1 0 STEPHON D KENNY PRESIDENT/CEO 580400 0 90000 0 409946 0 191951 0 15691 0 1287988 0 0 0 MARC T TIMM SVP CHIEF LENDING OFFICER 313307 0 50738 0 101087 0 51478 0 15691 0 532301 0 0 0 PENNY R HARRIS SVP CHIEF FINANCIAL OFFICER 161053 0 22643 0 24133 0 28942 0 15692 0 252463 0 0 0 LINDSEY R SALVESTRIN SVP CHIEF OPERATING OFFICER 278384 0 49465 0 128202 0 72784 0 23537 0 552372 0 0 0 COLLEEN BOCCIA SVP CHIEF MARKETING OFFICE 222763 0 40795 0 121960 0 58495 0 7846 0 451859 0 0 0 MICHAEL D FLOREA SVP CHIEF DATA OFFICER 210893 0 38621 0 122408 0 55069 0 23537 0 450528 0 0 0 MARK C MICHAELS SVP CHIEF INFORMATION OFFI 216022 0 45512 0 22307 0 125727 0 7846 0 417414 0 0 0 WENDY SMITH SVP CHIEF RISK OFFICER 207288 0 37961 0 66060 0 50271 0 15691 0 377271 0 0 0 JAMES B WOOD III SVP CHIEF HR OFFICER 213921 0 33816 0 9949 0 61252 0 15171 0 334109 0 0 0 JEFFREY W DAY HOME LOAN OFFICER 32460 0 319387 0 0 0 13403 0 7846 0 373096 0 0 0 SUZI LOCKE HOME LOAN OFFICER 28215 0 294565 0 0 0 17100 0 7115 0 346995 0 0 0 JOHN STEINKE HOME LOAN OFFICER 32056 0 231943 0 0 0 14554 0 20399 0 298952 0 0 0 JOSEPH I STORM VP DIRECTOR COMMERICAL & B 181195 0 47777 0 0 0 15066 0 0 0 244038 0 0 0 TIMOTHY E REICHSTEIN INVESTMENT ADVISOR REPRESENTATIVE 44586 0 147659 0 0 0 13411 0 7100 0 212756 0 0 0 PART I, LINE 1A THE CEO'S EMPLOYMENT AGREEMENT ALLOWS FOR THE COST OF SPOUSE TRAVEL FOR 3 CONFERENCES A YEAR. BOARD POLICY ALLOWS FOR SPOUSE/DOMESTIC PARTNER ALLOWANCE OF $599 ANNUALLY WHILE ACCOMPANYING AN OFFICIAL ON CREDIT UNION-RELATED TRAINING. THE CEO'S ALLOWANCE IS NOT TREATED AS TAXABLE COMPENSATION, WHEREAS THE OFFICIAL'S ALLOWANCE IS TREATED AS TAXABLE COMPENSATION. PART I, LINE 4B STEPHON D KENNY, 457(F) PLAN - $174,551 MARK C MICHAELS, 457(F) PLAN - $108,627 LINDSEY R SALVESTRIN, 457(F) PLAN - $55,684 JAMES B. WOOD III, 457(F) PLAN - $46,851 COLLEEN BOCCIA, 457(F) PLAN - $44,559 MICHAEL D FLOREA, 457(F) PLAN - $42,184 MARC T TIMM, 457(F) PLAN - $35,773 WENDY SMITH, 457(F) PLAN - $33,171 PENNY R. HARRIS, 457(F) PLAN - $20,289 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS VOTE TO ELECT THE GOVERNING BODY (BOARD OF DIRECTORS). FORM 990, PART VI, SECTION A, LINE 7A MEMBERS IN ATTENDANCE AT THE ANNUAL MEETING APPROVED GOVERNING BODY'S ELECTION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 DATA IS COMPILED BY THE SR ACCOUNTANT AND SENT TO THE CPA FIRM TO COMPLETE THE 990. THE DRAFT OF THE 990 IS PROVIDED TO THE CONTROLLER, CFO AND CEO FOR INTERNAL REVIEW. ONCE THAT IS COMPLETED THE 990 AND 990T IS UPLOADED TO THE BOARD WEBSITE AND ALL THE MEMBERS OF THE BOARD ARE NOTIFIED THAT IS NOW AVAILABLE FOR REVIEW. THIS IS ALL COMPLETED PRIOR TO THE SUBMISSION OF THE RETURNS TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL STAFF ARE PRESENTED WITH THE WRITTEN CONFLICT OF INTEREST POLICY ANNUALLY AND ARE REQUIRED TO SUBMIT A SIGNED CONFIRMATION TO HUMAN RESOURCES THAT THEY HAVE READ THE POLICY. EMPLOYEES ALSO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE WHICH REQUIRES THE DISCLOSURE OF ANY POTENTIAL CONFLICTS. MEMBERS OF THE BOARD OF DIRECTORS ARE ALSO REQUIRED TO SIGN CONFIRMING THEY HAVE REVIEWED THE POLICY. POTENTIAL CONFLICTS ARE REPORTED TO AND REVIEWED BY THE ENTERPRISE RISK MANAGEMENT DEPARTMENT, WHICH THEN DETERMINES THE APPROPRIATE PARTY TO DELIBERATE AND RESOLVE THE CONFLICT (E.G. BOARD, SUPERVISORY BOARD, CEO). FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES DEPARTMENT COMPILED INFORMATION FROM PROFESSIONAL INDEPENDENT SALARY SURVEYS (COMPANALYST/SALARY.COM AND OTHER INDUSTRY SURVEYS AS AVAILABLE). THIS INFORMATION WAS USED TO EVALUATE AND ESTABLISH COMPENSATION RATES WITHIN COMMUNITY, INDUSTRY, AND ASSET SIZE NORMS. BASED ON THESE STUDIES, THE CEO REVIEWS AND SETS THE COMPENSATION RATES OF SENIOR MANAGEMENT. THE BOARD OF DIRECTORS INDEPENDENTLY REVIEWED MARKET NORMS AND DETERMINED THE CEO'S COMPENSATION AND BENEFIT PACKAGE. A REVIEW BY HUMAN RESOURCES, USING THE CUSTOMARY SALARY SURVEY STUDIES, CONFIRMED THAT THE CEO'S COMPENSATION RATE WAS WELL WITHIN THE COMPENSATION NORMS FOR SIMILAR POSITIONS WITHIN THE INDUSTRY, COMMUNITY, AND ASSET SIZE. THE LAST REVIEW OF COMPENSATION FOR THE CEO AND SENIOR MANAGEMENT WAS COMPLETED NOVEMBER 2021, UPON RETURN OF RESULTS FROM THE SURVEY COMPLETED IN JUNE 2021. FORM 990, PART VI, SECTION C, LINE 19 CCU WEBSITE COLUMBIA COMMUNITY CORPORATION PO BOX 324 VANCOUVER WA 98666 910617775 INACTIVE - USED TO BE WEALTH MANAGEMENT FUNCTION; COMBINED INTO CU IN 2004 WA 0 5000 COLUMBIA COMMUNITY CREDIT UNION