2022-11-15T15:14:28-06:00 2021-12-31 810987947 HAUSER JONES & SAS PLLC 10940 NE 33RD PLACE SUITE 100 BELLEVUE WA 98004 990 2021-01-01 910567189 OUR COMMUNITY CREDIT UNION OURC 8004265657 PO BOX 1670 SHELTON WA 98584 RYAN DRAKE CFO 8004265657 2022-11-14 1 RYAN DRAKE 999009999 ROGER A JONES CPA P01702335 4258891778 2022-11-11 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z RYAN DRAKE PO BOX 1670 SHELTON WA 98584 19630012 0 X WWW.OURCU.COM X 1941 WA OUR MISSION IS TO SUSTAIN CONSISTENT GROWTH AND A STRONG FINANCIAL POSITION. 7 7 121 0 137184 0 0 451000 13454111 14841444 5608250 3740731 441156 596837 19503517 19630012 0 0 0 0 7483489 7704227 0 0 0 9787676 9642116 17271165 17346343 2232352 2283669 501755520 583251574 449214011 528064292 52541509 55187282 X OUR COMMUNITY CREDIT UNION IS A MEMBER-OWNED FINANCIAL COOPERAIVE. 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 6422 0 1 121 1 1 1 0 0 0 0 0 0 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 0 0 0 MARK MAGER BOARD VICE CHAIR 2.00 X 0 0 0 BERT FISHER PRESIDENT/CEO 60.00 X 1028768 0 291914 RYAN DRAKE CFO 50.00 X 131241 0 115279 STEPHANIE STEEN DIRECTOR OF OPERATIONS 50.00 X 93147 0 21889 RUTH ZEMBAS CONSUMER LENDING MGR 50.00 X 76820 0 7437 ANDREW BERTRAND CIO 50.00 X 71894 0 13385 1401870 0 449904 2 0 1 0 BUSINESS DATA INC PO BOX 6081 INGLEWOOD CA 903126081 STATEMENT PRINTING 301733 TYFONE INC 5331 SW MACADAM AVE STE 251 PORTLAND OR 97239 DIGITAL BANKING PLATFORM PROVIDER 185185 CORELATION 2305 HISTORIC DECATUR RD STE 300 SAN DIEGO CA 921066073 CORE SOFTWARE MAINTENANCE 180508 HOOD CANAL COMMUNICATIONS 161 E MICHELLE DR UNION WA 985929798 INTERNET/PHONE 159044 PURE IT CREDIT UNION SERVICES LLC 1400 GRAHAM DR STE B BOX 137 TOMBALL TX 773754583 SOFTWARE MAINTENANCE & IT CONSULTING 135491 5 451000 451000 INTEREST ON LOANS 522100 9437859 9437859 FEE INCOME 522100 4501696 4501696 OTHER NON-INTEREST INCOME 522100 785505 764705 20800 UNRELATED FEE INCOME 522210 116384 116384 14841444 3594839 3594839 145892 0 145892 145892 145892 MISC OPERATING INCOME 900099 596837 596837 596837 19630012 15446989 137184 3594839 1401870 3533490 1330907 1040663 397297 18805 174912 28565 400246 411537 789181 412698 678007 49316 78417 591 1226791 257365 DEBIT/CREDIT & ATM FEES 2171267 DIVIDENDS 1346501 PROVISION FOR LOAN LOSS 557034 LOAN EXPENSE 353112 687771 17346343 69063545 108059342 551504 551504 605419 308721 1979114 3835827 155237514 192224042 1094745 904379 17398909 7626963 10452057 9771946 251547241 256153066 4924334 4659036 6300047 6783711 501755520 583251574 2206393 4291248 447007618 523773044 449214011 528064292 X 0 0 0 0 52541509 55187282 52541509 55187282 501755520 583251574 2283669 362104 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1749975 1749975 7140909 2179329 4961580 1409372 646281 763091 7098653 4801353 2297300 9771946 MEMBER SHARE ACCOUNTS 523773044 523773044 X X 1 1 X X X 0 1 0 BERT FISHER PRESIDENT/CEO 1028768 0 0 0 0 0 275846 0 16068 0 1320682 0 0 0 RYAN DRAKE CFO 130041 0 1200 0 0 0 103472 0 11807 0 246520 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 $1,218,740 AND $840,497 UNDER THE AGREEMENT FOR THE YEAR ENDED DECEMBER 31, 2021 AND 2020, RESPECTIVELY. CLAY GLEB SECRETARY/TREASURER BUSINESS LOAN X 3657158 3477489 0 1 1 RYAN DRAKE CFO BUSINESS LOAN X 281452 35294 0 1 1 ROY DUNN JR BOARD MEMBER BUSINESS LOAN X 20033 7986 0 1 1 SADIE HAWKINS BOARD MEMBER BUSINESS LOAN X 953 703 0 1 1 ALLEN STRACKE BOARD MEMBER BUSINESS LOAN X 270195 198047 0 1 1 ROBERT WOODS SUPERVISORY COMMITTEE BUSINESS LOAN X 69122 54115 0 1 1 ANDREW BERTRAND CIO BUSINESS LOAN X 59656 0 0 1 1 MARK NAULT BOARD MEMBER BUSINESS LOAN X 52768 62193 0 1 1 AMY THOMASON BOARD CHAIR BUSINESS LOAN X 215 0 0 1 1 3835827 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS 29,459 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. ACKNOWLEDGEMENTS 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 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.