2020-11-13T10:13:22-06:00 2019-12-31 810987947 HAUSER JONES & SAS PLLC 10940 NE 33RD PLACE SUITE 100 BELLEVUE WA 98004 990 2019-01-01 910567189 OUR COMMUNITY CREDIT UNION OURC 8004265657 526 W CEDAR ST SHELTON WA 98584 RYAN DRAKE CFO 8004265657 2020-11-13 1 ROGER A JONES CPA P01702335 4258891778 2020-11-12 4.4.42.74 2020-11-13 08:13:16 PS P 7C1D5EB2D4D3A699CCD24671D324174FB2D70807 B35408C71335379E9D2CC3FF0A1033BB2D4C386A 2019 2022-01-07 14:23:13Z RYAN DRAKE PO BOX 1670 SHELTON WA 98584 20276723 0 X WWW.OURCU.COM X 1941 WA OUR MISSION IS TO SUSTAIN CONSISTENT GROWTH AND A STRONG FINANCIAL POSITION. 7 7 117 0 191062 -248431 0 0 12751083 13439756 6266666 6777813 210259 54430 19228008 20271999 0 0 0 0 6288815 7000515 0 0 0 8693481 9763799 14982296 16764314 4245712 3507685 400102670 419430580 354481574 367467671 45621096 51962909 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 0 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 6051 0 1 117 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 CHAIR 2.00 X 0 0 0 AMY THOMASON BOARD VICE CHAIR 2.00 X 0 0 0 A ROY DUNN JR BOARD MEMBER 2.00 X 0 0 0 JOHN MCGEE BOARD MEMBER 2.00 X 0 0 0 MARK MAGER SECRETARY/TREASURER 2.00 X 0 0 0 BERT FISHER PRESIDENT/CEO 60.00 X 995675 0 56922 RYAN DRAKE CFO 50.00 X 125043 0 22131 ANDREW BERTRAND CIO 50.00 X 91004 0 19021 STEPHANIE STEEN DIRECTOR OF OPERATIONS 50.00 X 89636 0 21035 RUTH ZEMBAS CONSUMER LENDING MGR 50.00 X 73249 0 12282 1374607 0 131391 2 0 1 0 CORELATION 2305 HISTORIC DECATUR RD STE 300 SAN DIEGO CA 921066073 CORE PROCESSING 1230957 FINASTRA USA CORPORATION PO BOX 535120 ATLANTA GA 303535120 WEBSITE PROCESSING/CHECK IMAGES 365750 DIEBOLD PO BOX 643543 PITTSBURGH PA 152643543 CONSULTING 224767 BUSINESS DATA INC 321 N OAK STREET INGLEWOOD CA 90302 STATEMENT PRINTING 162573 HOOD CANAL COMMUNICATIONS PO BOX 249 UNION WA 985920249 INTERNET/PHONE 158268 5 INTEREST ON LOANS 522100 8744020 8744020 FEE INCOME 522100 3642641 3642641 OTHER NON-INTEREST INCOME 522100 871313 862033 9280 UNRELATED FEE INCOME 522210 181782 181782 13439756 6782537 6782537 4724 -4724 -4724 -4724 MISC OPERATING INCOME 900099 54430 54430 54430 20271999 13298400 191062 6782537 1374607 3741499 389530 1081005 413874 26547 244461 41674 331542 475331 801487 372128 636021 108535 230642 125651 977925 301520 DIVIDENDS 1752109 DEBIT/CREDIT & ATM FEES 1594524 PROVISION FOR LOAN LOSS 524880 LOAN EXPENSE 290010 928812 16764314 9512039 18215308 891559 469882 323009 839906 0 1672573 171173009 158110989 813338 853036 16725864 5934471 9072321 10791393 195077613 216302101 6433709 5528703 6806073 6646689 400102670 419430580 2236055 2068222 10700000 0 341545519 365399449 354481574 367467671 X 0 0 0 0 45621096 51962909 45621096 51962909 400102670 419430580 3507685 2834128 0 X X 0 0 0 1749975 1749975 6978756 1954251 5024505 1417352 898655 518697 6579781 3081565 3498216 10791393 MEMBER SHARE ACCOUNTS 365399449 365399449 X X 1 1 X X X 0 1 0 BERT FISHER PRESIDENT/CEO 259356 0 0 0 736319 0 42875 0 14047 0 1052597 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 OULINED 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 $492,871 AND $948,377 UNDER THE AGREEMENT FOR THE YEAR ENDED DECEMBER 31, 2019 AND 2018, RESPECTIVELY. A COMPENSATION PAYMENT OF $725,000 WAS PAID OUT TO BERT FISHER FOR THE YEAR ENDED DECEMBER 31, 2019. CLAY GLEB ASSOCIATE BOARD OF DIRECTOR BUSINESS LOAN X 1047158 1047158 0 1 1 RYAN DRAKE ASSOCIATE BOARD OF DIRECTOR BUSINESS LOAN X 266480 266480 0 1 1 ROY DUNN JR ASSOCIATE BOARD OF DIRECTOR BUSINESS LOAN X 20033 20033 0 1 1 FRANK HAWKINS ASSOCIATE BOARD OF DIRECTOR BUSINESS LOAN X 953 953 0 1 1 JOHN MCGEE ASSOCIATE BOARD OF DIRECTOR BUSINESS LOAN X 5028 5028 0 1 1 ALLEN STRACKE ASSOCIATE BOARD OF DIRECTOR BUSINESS LOAN X 270195 270195 0 1 1 ROBERT WOODS SUPERVISORY COMMITTEE BUSINESS LOAN X 62726 62726 0 1 1 1672573 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS 33,343 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.