2021-11-12T15:55:36-06:00 2020-12-31 810987947 HAUSER JONES & SAS PLLC 10940 NE 33RD PLACE SUITE 100 BELLEVUE WA 98004 990 2020-01-01 930496543 CENTRAL WILLAMETTE CREDIT UNION CENT 5419176801 PO BOX 1899 ALBANY OR 97321 STACIE WYSS-SCHOENBORN PRESIDENT/CEO 5419176801 2021-11-10 1 STACIE WYSS-SCHOENBORN 999009999 ROGER A JONES CPA P01702335 4258891778 2021-11-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z STACIE WYSS-SCHOENBORN PO BOX 1899 ALBANY OR 97321 19283311 0 X WWW.CENTRALWCU.ORG X 1955 OR TO PROVIDE FINANCIAL PRODUCTS AND SERVICES TO OUR MEMBERSHIP. 9 9 114 14 178385 0 0 0 16872027 17135130 1290724 545955 1601824 1565272 19764575 19246357 1288 20875 0 0 6847110 6906808 0 0 0 9061849 8522362 15910247 15450045 3854328 3796312 338302075 410642473 305524158 373599922 32777917 37042551 TO PROVIDE RESPONSIBLE, ATTRACTIVE SAVINGS AND LOAN PROGRAMS AND OTHER SERVICES COMMON TO THE FINANCIAL WELFARE OF ITS MEMBERS. TO CONDUCT THE SERVICES IN A PROFESSIONAL, PERSONAL, EFFICIENT, AND COMPETITIVE MANNER CONSISTENT WITH SOUND FINANCIAL AND BUSINESS PRACTICE. 0 0 CENTRAL WILLAMETTE CREDIT UNION SERVICES 30,730 MEMBERS OF OUR COMMUNITY WITH DIVERSE FINANCIAL PRODUCTS AND SERVICES. DURING THE YEAR WE GRANTED A TOTAL OF 8,281 LOANS WORTH $116,315,805 TO OUR MEMBERS. WE HAVE A TOTAL LOAN PORTFOLIO OF 17,535 LOANS WORTH $285,154,914. THE CREDIT UNION MAINTAINS 59,083 DEPOSIT ACCOUNTS FOR OUR MEMBERS WORTH $364,086,280. THE CREDIT UNION EMPLOYS 86 INDIVIDUALS FROM OUR COMMUNITY. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7661 0 1 114 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X DEWAYNE LEDBETTER 5419176801 7101 SUPRA DR SW ALBANY OR 97321 JIM HEALY CHAIRMAN 3.00 X X 0 0 0 STEVE UERLINGS SECRETARY 3.00 X X 0 0 0 FORREST BARNES VICE CHAIR 2.00 X X 0 0 0 TOM CUTSFORTH DIRECTOR 2.00 X 0 0 0 MARTY CAHILL DIRECTOR 2.00 X 0 0 0 MARTHA LYON DIRECTOR 2.00 X 0 0 0 MARK YAEGER DIRECTOR 2.00 X 0 0 0 BRIAN ROWSON DIRECTOR 2.00 X 0 0 0 GREG HAMANN DIRECTOR 2.00 X 0 0 0 CAROLINA VALLADARES DIRECTOR 2.00 X 0 0 0 HELEN HIGGINS DIRECTOR 2.00 X 0 0 0 STACIE WYSS-SCHOENBORN CEO 50.00 X 332096 0 109278 GREG BRUNS CFO 50.00 X 191127 0 11037 BRYAN BLAIR SENIOR IT SYSTEMS ENGINEER 50.00 X 114521 0 8710 RACHEL WOLFE COO 50.00 X 169113 0 15431 AMANDA GROLEMUND CMO 50.00 X 154513 0 11109 JOEY RUDISILL CIO 50.00 X 204697 0 12430 HOLLY HOOD CHRO 50.00 X 142529 0 12395 GRADY CORR INFORMATION SECURITY OFFICER 50.00 X 125932 0 10521 1434528 0 190911 8 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT AND DEBIT CARD PROCESSOR 1308883 Q2 SOFTWARE 13785 RESEARCH BLVD SUITE 150 AUSTIN TX 78750 ONLINE AND MOBILE BANKING SERVICE 421532 ALPINE MARKETING 13755 SW HILLSHIRE DR TIGARD OR 97223 MARKETING/ADVERTISING 271850 CORELATION INC 2305 HISTORIC DECATUR RD SUITE 300 SAN DIEGO CA 92106 CORE SYSTEM SOFTWARE 230164 HABERFELD DIRECT 2206 13TH STREET SUITE 1500 LINCOLN NE 68508 MEMBER ACQUISITION CONSULTANT 206050 5 INTEREST ON LOANS 522100 12916947 12916947 SERVICE CHARGES AND GE 522100 3793583 3767983 25600 OTHER OPERATING INCOME 522100 424600 424600 17135130 582909 582909 36954 -36954 -36954 -36954 OTHER NONOPERATING INC 900099 1565272 1412487 152785 1565272 19246357 18485063 178385 582909 20875 523223 4970887 159620 802611 450467 51093 117529 523816 578428 932186 574317 49554 1402793 990149 103068 PROVISION FOR LOAN LOSS 866250 LOAN SERVICING 672490 ATM SERVICING 640143 ASSOCIATION DUES 57451 963095 15450045 2651610 3542382 17649062 28761243 286928031 283135017 19432242 10737505 9558980 8694737 5005280 70120288 5110700 2950000 11398412 13438806 338302075 410642473 13187054 9513642 292337104 364086280 305524158 373599922 X 0 0 0 0 32777917 37042551 32777917 37042551 338302075 410642473 3796312 468322 0 X X 0 1 X 1 0 0 1 X 1817583 1817583 9703207 4589937 5113270 809943 675198 134745 7101509 5472370 1629139 8694737 MEMBERS' SHARES 359771280 NON MEMBERS' SHARES 4315000 364086280 X 19283311 36954 36954 19246357 0 19246357 15486999 36954 36954 15450045 0 15450045 PART IV, LINE 2B: ESCROW ACCOUNTS FOR MEMBER MORTGAGE LOANS. PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES, EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME. UNRELATED BUSINESS INCOME IS NOT SIGNIFICANT AND NO PROVISION FOR INCOME TAXES HAS BEEN MADE. THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2020. INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS WOULD BE RECOGNIZED AS A NONINTEREST EXPENSE. DURING THE YEAR ENDED DECEMBER 31, 2020, AND THE SIX MONTHS ENDED DECEMBER 31, 2019 THE CREDIT UNION RECOGNIZED NO TAX RELATED INTEREST AND PENALTIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSET 36,954. X X X 0 1 0 STACIE WYSS-SCHOENBORN CEO 300110 0 31986 0 0 0 93823 0 15455 0 441374 0 0 0 JOEY RUDISILL CIO 160903 0 43794 0 0 0 0 0 12430 0 217127 0 0 0 GREG BRUNS CFO 163975 0 27152 0 0 0 0 0 11037 0 202164 0 0 0 RACHEL WOLFE COO 155780 0 13333 0 0 0 0 0 15431 0 184544 0 0 0 AMANDA GROLEMUND CMO 141554 0 12959 0 0 0 0 0 11109 0 165622 0 0 0 HOLLY HOOD CHRO 130413 0 12116 0 0 0 0 0 12395 0 154924 0 0 0 PART I, LINE 3 FOR THE TAX YEAR ENDED 12/31/20, CONTRIBUTIONS TOTALING $93,823 WERE MADE TO AN IRC SECTION 457(F) PLAN FOR THE BENEFIT OF STACIE WYSS-SHOENBORN, CEO. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A EACH CREDIT UNION MEMBER HAS ONE VOTE TOWARDS THE ELECTION OF THE CREDIT UNION'S GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS MADE AVAILABLE FOR REVIEW BY THE BOARD AT REGULARLY SCHEDULED MEETINGS AFTER THE FORM IS FILED. THE CREDIT UNION'S CEO IS PROVIDED WITH A COPY OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EMPLOYEES MUST REVIEW THE CREDIT UNION'S CONFLICT OF INTEREST POLICY AND SIGN A STATEMENT THAT THEY HAVE READ THE POLICY. THE COMPLIANCE OFFICER OF THE CREDIT UNION CONDUCTS STAFF MEETINGS TO REVIEW THE POLICY AND ANSWER ANY QUESTIONS. THE COMPLIANCE OFFICER ALSO REVIEWS THE POLICY WITH THE BOARD OF DIRECTORS. EMPLOYEE AND DIRECTOR TRANSACTIONS ARE MONITORED BY THE CREDIT UNION'S INTERNAL AUDITOR FOR ANY POSSIBLE CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS REVIEWED BY THE CREDIT UNION'S CEO REVIEW COMMITTEE. THE COMMITTEE MAKES RECOMMENDATIONS TO THE BOARD OF DIRECTORS. THE BOARD MAKES THE FINAL DETERMINATION. KEY EMPLOYEES HAVE THEIR COMPENSATION REVIEWED BY THE CEO. IN ALL CASES, INDUSTRY COMPENSATION SURVEYS AND LOCAL DATA ARE USED TO DETERMINE INDIVIDUAL AMOUNTS. THE CREDIT UNION ALSO HAS POLICIES IN THE EMPLOYEE MANUAL WHICH COVER COMPENSATION, PERFORMANCE REVIEWS AND INCENTIVES. CEO COMPENSATION WAS LAST REVIEWED DECEMBER 2020. KEY EMPLOYEE COMPENSATION ANALYSIS WAS LAST CONDUCTED IN DECEMBER 2020. FORM 990, PART VI, SECTION C, LINE 18 MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF EACH BRANCH OFFICE. OTHER GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES 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.