2020-05-14T16:09:50-07:00 2019-12-31 990 2019-01-01 910565155 CREDIT UNIONS IN THE STATE OF WASHINGTON CRED 3604252130 PO BOX 3020 LONGVIEW WA 98632 Dave Spaulding President/CEO 3604252130 2020-05-14 67.132.173.122 2019 2021-04-22 16:20:28Z Red Canoe Credit Union David Spaulding PO BOX 3020 LONGVIEW WA 98632 42293365 0 X WWW.REDCANOECU.COM X 1937 WA STATE CHARTERED CREDIT UNION 9 9 268 12 0 0 0 0 36418727 38214605 2687173 2668094 482864 1410666 39588764 42293365 102718 112736 0 0 17171418 17399409 0 0 0 18058730 18023605 35332866 35535750 4255898 6757615 775947856 840046409 679425926 736766864 96521930 103279545 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 14400 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 0 1 1 1 0 WA X RED CANOE CREDIT UNION 3604252130 1418 15TH AVE LONGVIEW WA 98632 Doug Doerfler Board Chairman 1 X 0 0 0 Kurt Sacha Board Vice Chairman 1 X 0 0 0 Linda Solbrack Board Treasurer 1 X 0 0 0 Don Lightfoot Board Secretary 1 X 0 0 0 Malia AU Board Member 1 X 0 0 0 Erin Hart Board Member 1 X 0 0 0 Tamra Ghilchrist Board Member 1 X 0 0 0 Steve Reed Board Member 1 X 0 0 0 Charlie Neithardt Board Member 1 X 0 0 0 David Spaulding President/CEO 45 X X 984466 0 65249 Rich Wilson CFO 45 X X 288145 0 55519 Deidra Miner COO 45 X X 243639 0 23015 Mark Rhodes CIO 45 X X 69463 0 5286 Tim Amato CLO 45 X X 224871 0 44029 Amy Davis CMO 45 X X 180197 0 36396 Jeff Haverlack CIO 45 X X 242804 0 48961 Kim Divine Director of Human Resources 45 X 176648 0 38168 Mindy Dines Director of Internal Audit 45 X 124007 0 27337 Jim Strehlow Director of Business Lending 45 X 142701 0 21715 Meredith Ellis IT Operations Manager 45 X 139860 0 33987 Hamilton McJunkin Compliance Manager 45 X 135291 0 20475 Rod Snyder AVP of Branches and Sales 45 X 131378 0 19777 Kelly Richter AVP of Operations Development 45 X 130543 0 31676 Patty Eicholtz Branch Development Manager 45 X 117887 0 25013 Jack Little Network Manager 45 X 114800 0 29945 3446700 0 526548 18 1 1 0 Momentum 1520 4th ave Suite 300 Seattle WA 98101 Construction 2813481 CO-OP Financial Services 9692 Haven Ave Corporate Headquarters Rancho Cucamonga CA 91730 CU Services 820175 Jack Henry and Associates PO Box 609 Monett MO 65708 Data Processing 468452 Diebold PO Box 643543 Pittsburgh PA 152643543 ATM Servicing 357876 CUBUS 3049 Independence Dr STE A Livermore CA 94551 Online Services 275880 6 0 0 0 0 0 0 0 0 Interest on Loans 522130 29155460 29155460 0 0 Fee Income 522130 9059145 9059145 0 0 0 0 0 0 38214605 2965640 2965640 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -297546 0 0 0 -297546 0 -297546 -297546 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Misc income 522130 1410666 1410666 0 0 0 0 0 0 1410666 42293365 42293365 0 0 63468 49268 0 0 2512041 0 11130385 1224688 1447639 1084656 35221 2049695 369362 722805 1342672 1577335 0 1103715 0 0 536843 4433218 0 1973682 240464 Dues 583579 Loan Servicing 2448166 606848 35535750 0 0 0 11450745 7529625 46249626 107046823 609895226 600925251 2950199 2640401 73406249 30164977 39895126 43241272 39886706 52583625 25620228 26079412 775947856 840046409 14938619 15940149 664487307 720826715 679425926 736766864 X 0 0 0 0 96521930 103279545 96521930 103279545 775947856 840046409 6757615 0 0 0 0 0 X 0 1 X 1 0 8017279 0 8017279 37371851 0 13961953 23409898 0 0 0 0 28017119 0 16203024 11814095 0 0 0 0 43241272 0 Member shares 720826715 720826715 X Schedule D, Part X, Line 2 The Credit Union had no unrecognized tax benefits at December 31, 2019 and 2018. Interest accrued and penalties to unrecognized tax benefits would be recognized by the Credit Union as noninterest expense. During the years ended December 31, 2019 and 2018, 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 Linn County 1 7500 0 Youth and Family Link 1 5300 0 Schedule I, Part I, Line 2 The Credit Union awards scholarships to members that apply. A listing is kept and funds are paid directly 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 423662 0 60803 0 500000 0 46851 0 18398 0 1049714 0 0 0 Rich Wilson CFO 252736 0 35408 0 0 0 37909 0 17610 0 343663 0 0 0 Deidra Miner COO 239005 0 4634 0 0 0 11950 0 11065 0 266654 0 0 0 Mark Rhodes CIO 69463 0 0 0 0 0 2249 0 3037 0 74749 0 0 0 Tim Amato CLO 196957 0 27915 0 0 0 29426 0 14603 0 268901 0 0 0 Amy Davis CMO 160457 0 19740 0 0 0 23313 0 13083 0 216593 0 0 0 Kim Divine Director of Human Resources 154309 0 22339 0 0 0 22124 0 16044 0 214816 0 0 0 Mindy Dines Director of Internal Audit 118397 0 7610 0 0 0 14206 0 13130 0 153343 0 0 0 Jim Strehlow Director of Business Lending 142701 0 0 0 0 0 6633 0 15082 0 164416 0 0 0 Meredith Ellis IT Operations Manager 132311 0 7549 0 0 0 17590 0 16397 0 173847 0 0 0 Hamilton McJunkin Compliance Manager 131850 0 3440 0 0 0 9889 0 10587 0 155766 0 0 0 Rod Snyder AVP of Branches and Sales 128636 0 2742 0 0 0 18783 0 994 0 151155 0 0 0 Kelly Richter AVP of Operations Development 127903 0 2640 0 0 0 18409 0 13268 0 162220 0 0 0 Patty Eicholtz Branch Development Manager 115692 0 2195 0 0 0 15143 0 9870 0 142900 0 0 0 Jack Little Network Manager 107545 0 7254 0 0 0 15980 0 13964 0 144743 0 0 0 Jeff Haverlack CIO 215039 0 27764 0 0 0 30601 0 18361 0 291765 0 0 0 Schedule J, Part I, Line 1a The Credit Union pays for 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 2019 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 Director of Human Resources 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