2020-09-09T16:15:37-05:00 2019-12-31 810987947 HAUSER JONES & SAS PLLC 10940 NE 33RD PLACE SUITE 100 BELLEVUE WA 98004 990 2019-01-01 930496543 CENTRAL WILLAMETTE CREDIT UNION CENT 5419176801 PO BOX 1899 ALBANY OR 97321 STACIE WYSS-SCHOENBORN PRESIDENT/CEO 5419176801 2020-09-09 1 ROGER A JONES CPA P01702335 4258891778 2020-08-26 4.4.42.74 2020-09-09 14:15:27 PD P B35408C71335379E9D2CC3FF0A1033BB2D4C386A 7C1D5EB2D4D3A699CCD24671D324174FB2D70807 2019 2021-01-29 14:40:06Z STACIE WYSS-SCHOENBORN PO BOX 1899 ALBANY OR 97321 19772407 0 X WWW.CENTRALWCU.ORG X 1955 OR TO PROVIDE FINANCIAL PRODUCTS AND SERVICES TO OUR MEMBERSHIP. 7 7 92 14 243468 0 0 0 15454274 16872027 468483 1290724 507716 1601824 16430473 19764575 0 1288 0 0 6356889 6847110 0 0 0 8030974 9061849 14387863 15910247 2042610 3854328 312231135 338302075 283430052 305524158 28801083 32777917 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 29,663 MEMBERS OF OUR COMMUNITY WITH DIVERSE FINANCIAL PRODUCTS AND SERVICES. DURING THE YEAR WE GRANTED A TOTAL OF 9,406 LOANS WORTH $123,587,072 TO OUR MEMBERS. WE HAVE A TOTAL LOAN PORTFOLIO OF 18,866 LOANS WORTH $288,843,534. THE CREDIT UNION MAINTAINS 56,070 DEPOSIT ACCOUNTS FOR OUR MEMBERS WORTH $292,337,104. THE CREDIT UNION EMPLOYS 92 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 7726 0 1 92 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X HOLLY HOOD 5419176839 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 304454 0 96367 GREG BRUNS CFO 50.00 X 159912 0 9695 RACHEL WOLFE COO 50.00 X 143228 0 9227 AMANDA GROLEMUND CMO 50.00 X 132039 0 9655 JOEY RUDISILL CIO 50.00 X 149770 0 9943 BRYAN BLAIR SENIOR IT SYSTEMS ENGINEER 50.00 X 110722 0 5920 HOLLY HOOD CHRO 50.00 X 123790 0 8283 1123915 0 149090 7 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT AND DEBIT CARD PROCESSOR 623062 Q2 EBANKING PO BOX 205970 DALLAS TX 95320 ONLINE AND MOBILE BANKING SERVICE 495193 TECHNOLOGY UNLIMITED INC 6802 SOUTH 220TH ST BLD 2 KENT WA 98032 TECHNOLOGY EQUIPMENT PROVIDER 335360 ALPINE MARKETING 13755 SW HILLSHIRE DR TIGARD OR 97223 MARKETING/ADVERTISING 316859 DIAMOND MARKETING 1520 4TH AVE SUITE 300 SEATTLE WA 98101 BRANCH DESIGN CONSULTANT 176779 5 INTEREST ON LOANS 522100 13202532 13202532 SERVICE CHARGES AND GE 522100 3631959 3609482 22477 OTHER OPERATING INCOME 522100 37536 37536 16872027 483796 483796 814760 0 7832 814760 -7832 806928 806928 OTHER NONOPERATING INC 900099 1601824 1380833 220991 1601824 19764575 19037311 243468 483796 1288 464366 5035451 134994 719542 492757 50515 108884 568725 642447 786964 561492 142797 1569474 974005 90525 PROVISION FOR LOAN LOSS 1536969 ATM SERVICING 596408 LOAN SERVICING 512201 ASSOCIATION DUES 57903 862540 15910247 2899802 2651610 21082763 17649062 259877016 286928031 733877 0 19306337 9747357 9893886 9558980 6542578 5005280 7627663 5110700 3573550 11398412 312231135 338302075 7748783 13187054 275681269 292337104 283430052 305524158 X 0 0 0 0 28801083 32777917 28801083 32777917 312231135 338302075 3854328 122506 0 X X 0 1 X 1 0 0 1 X 1817583 1817583 9703207 4277976 5425231 809943 614593 195350 6975604 4854788 2120816 9558980 MEMBERS' SHARES 282560104 NON MEMBERS' SHARES 9777000 292337104 X 19772409 7834 7834 19764575 0 19764575 15918081 7834 7834 15910247 0 15910247 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, 2019. INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS WOULD BE RECOGNIZED AS A NONINTEREST EXPENSE. DURING THE YEAR ENDED DECEMBER 31, 2019, AND THE SIX MONTHS ENDED DECEMBER 31, 2018 THE CREDIT UNION RECOGNIZED NO TAX RELATED INTEREST AND PENALTIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSET 7,834. X X X 0 1 0 STACIE WYSS-SCHOENBORN CEO 284654 0 19800 0 0 0 85466 0 10901 0 400821 0 0 0 GREG BRUNS CFO 156153 0 3759 0 0 0 0 0 9695 0 169607 0 0 0 RACHEL WOLFE COO 139947 0 3281 0 0 0 0 0 9227 0 152455 0 0 0 JOEY RUDISILL CIO 147509 0 2261 0 0 0 0 0 9943 0 159713 0 0 0 PART I, LINE 3 FOR THE TAX YEAR ENDED 12/31/19, CONTRIBUTIONS TOTALING $85,466 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 2018. KEY EMPLOYEE COMPENSATION ANALYSIS WAS LAST CONDUCTED IN JUNE 2019. 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.