2021-05-12T18:33:44-07:00 2020-12-31 990 2020-01-01 910565155 CREDIT UNIONS IN THE STATE OF WASHINGTON CRED 3604252130 PO BOX 3020 LONGVIEW WA 98632 Dave Spaulding President/CEO 3604252130 2021-05-12 1 11 0 AAL2 2020 2022-09-23 18:48:47Z Red Canoe Credit Union David Spaulding PO BOX 3020 LONGVIEW WA 98632 42724983 0 X WWW.REDCANOECU.COM X 1937 WA STATE CHARTERED CREDIT UNION 9 9 268 12 0 0 0 0 38214605 39150077 2668094 2696456 1410666 878450 42293365 42724983 112736 108928 0 0 17399409 18235691 0 0 0 18023605 19927347 35535750 38271966 6757615 4453017 840046409 1046123888 736766864 937273048 103279545 108850840 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 13413 0 1 268 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 1008109 0 61490 Rich Wilson CFO 45 0 X 307603 0 57271 Deidra Miner COO 45 0 X 291625 0 23536 Tim Amato CLO 45 0 X 231917 0 42491 Kim Divine CHRO 45 0 X 202545 0 40500 Amy Davis CMO 45 0 X 194467 0 37953 Mark Rhodes CIO 45 0 X 187879 0 18188 Jim Strehlow Vice President of Business Lending 45 0 X 161532 0 25395 Mindy Tanner Vice President of Internal Audit 45 0 X 146414 0 28440 Kelly Richter Vice President of Operations Development 45 0 X 138346 0 30702 Meredith Ellis IT Operations Manager 45 0 X 132588 0 31339 Rod Snyder Vice President of Branches and Sales 45 0 X 136764 0 21024 Jack Little Network Manager 45 0 X 127413 0 28967 Andrew Bellah Vice President of Home Lending 45 0 X 125680 0 17167 Russ Peters B.I. Development Manager 45 0 X 113489 0 26966 Hamilton McJunkin Compliance Manager 45 0 X 118593 0 18219 Patty Eicholtz Branch Development Manager 45 0 X 114794 0 21324 Charity Kerstetter Sr Home Loan Officer 45 0 X 108748 0 23663 James Fraley Vice President of Consumer Lending 45 0 X 112080 0 20136 Amanda Erickson Branch Development Manager 45 0 X 107085 0 23516 Doug Doerfler Board Chairman 1 0 X 0 0 0 Kurt Sacha Board Vice Chairman 1 0 X 0 0 0 Linda Solbrack Board Treasurer 1 0 X 0 0 0 Don Lightfoot Board Secretary 1 0 X 0 0 0 Malia AU Board Member 1 0 X 0 0 0 Erin Hart Board Member 1 0 X 0 0 0 Tamra Ghilchrist Board Member 1 0 X 0 0 0 Steve Reed Board Member 1 0 X 0 0 0 Charlie Neithardt Board Member 1 0 X 0 0 0 4067671 0 598287 20 0 1 0 Momentum 1520 4th ave Suite 300 Seattle WA 98101 Construction 1134228 CO-OP Financial Services 9692 Haven Ave Corporate Headquarters Rancho Cucamonga CA 91730 CU Services 838417 Jack Henry and Associates PO Box 609 Monett MO 65708 Data Processing 754769 CDW Direct PO BOX 75723 CHICAGO IL 60675 COMPUTER SUPPLIES 651925 Diebold PO Box 643543 Pittsburgh PA 152643543 ATM Servicing 535559 20 0 0 0 0 0 0 0 0 Interest on Loans 522130 29552088 29552088 0 0 Fee Income 522130 9597989 9597989 0 0 0 0 0 0 39150077 1501550 1501550 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1194906 0 0 0 1194906 0 1194906 1194906 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISC INCOME 522130 878450 878450 0 0 0 0 0 0 878450 42724983 42724983 0 0 60753 48175 0 0 2424146 0 11293787 1241879 2218663 1057216 0 22756 2028552 0 0 0 391366 739589 1456558 1883023 0 1224914 0 0 210038 5385909 0 2155999 257396 Dues 511482 Loan Servicing 2974160 685605 38271966 0 0 0 7529625 7381824 107046823 244815327 0 0 0 0 0 0 0 0 600925251 644008124 0 0 2640401 3618701 75464452 30767495 43241272 44696957 52583625 74793055 0 0 0 0 0 0 26079412 26809900 840046409 1046123888 15940149 16352491 0 0 0 0 0 0 0 0 0 0 0 0 0 0 720826715 920920557 736766864 937273048 X 0 0 0 0 103279545 108850840 103279545 108850840 840046409 1046123888 4453017 1118278 0 0 0 0 X 0 1 X 1 0 8017273 0 8017273 41459844 0 13664385 27795459 0 0 0 0 25987335 0 17103110 8884225 0 0 0 0 44696957 0 Member shares 920920557 920920557 X Schedule D, Part X, Line 2 The Credit Union had no unrecognized tax benefits at December 31, 2020 and 2019. Interest accrued and penalties to unrecognized tax benefits would be recognized by the Credit Union as noninterest expense. During the years ended December 31, 2020 and 2019, the Credit Union recognized no interest and 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 Community in Schools Federal Way 1 13058 0 Community in Schools Puyallup 1 10610 0 Northwest Credit Union Foundation 1 10000 0 Youth & Family Link 1 9758 0 Greater Albany Schools 1 5434 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 CMO keeps record of these. X 1 1 X 0 1 0 David Spaulding President/CEO 437292 0 70817 0 500000 0 42750 0 18740 0 1069599 0 0 0 Rich Wilson CFO 278826 0 28777 0 0 0 40750 0 16521 0 364874 0 0 0 Deidra Miner COO 263245 0 28381 0 0 0 12900 0 10636 0 315162 0 0 0 Tim Amato CLO 209147 0 22770 0 0 0 30095 0 12396 0 274408 0 0 0 Kim Divine CHRO 183669 0 18876 0 0 0 24882 0 15618 0 243045 0 0 0 Amy Davis CMO 175855 0 18612 0 0 0 26328 0 11625 0 232420 0 0 0 Mark Rhodes CIO 168189 0 19690 0 0 0 8950 0 9237 0 206066 0 0 0 Jim Strehlow Vice President of Business Lending 150225 0 11307 0 0 0 12000 0 13395 0 186927 0 0 0 Mindy Tanner Vice President of Internal Audit 138873 0 7541 0 0 0 15993 0 12448 0 174855 0 0 0 Kelly Richter Vice President of Operations Development 130950 0 7396 0 0 0 18892 0 11810 0 169048 0 0 0 Meredith Ellis IT Operations Manager 125740 0 6848 0 0 0 18152 0 13187 0 163927 0 0 0 Rod Snyder Vice President of Branches and Sales 127190 0 9573 0 0 0 19281 0 1744 0 157788 0 0 0 Jack Little Network Manager 120565 0 6848 0 0 0 17435 0 11532 0 156380 0 0 0 Andrew Bellah Vice President of Home Lending 116882 0 8798 0 0 0 5682 0 11485 0 142847 0 0 0 Russ Peters B.I. Development Manager 107324 0 6166 0 0 0 15452 0 11514 0 140456 0 0 0 Hamilton McJunkin Compliance Manager 112010 0 6583 0 0 0 8799 0 9420 0 136812 0 0 0 Patty Eicholtz Branch Development Manager 110013 0 4781 0 0 0 11985 0 9339 0 136118 0 0 0 Charity Kerstetter Sr Home Loan Officer 54374 0 54374 0 0 0 10992 0 12671 0 132411 0 0 0 James Fraley Vice President of Consumer Lending 105768 0 6312 0 0 0 8149 0 11987 0 132216 0 0 0 Amanda Erickson Branch Development Manager 101777 0 5308 0 0 0 14439 0 9077 0 130601 0 0 0 Schedule J, Part I, Line 1a 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 $500,000 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 was reviewed and updated. There were no conflicts of interest in the 2020 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 Human Resources Officer uses software to compute compensation based on the requirements 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. 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