2019-10-02T16:32:51-05:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2018-01-01 910639210 O BEE CREDIT UNION CRED 3609430740 3900 CLEVELAND AVE SE TUMWATER WA 985014023 DANIEL HILDRETH VP OF FINANCE 3609430740 2019-09-19 1 MARY C GREEN P00447183 6022662248 67.137.57.251 2019-09-19 15:40:06 US P FD94BE241EB30D59D427851B854338419E5FBD2E 24F764D96812C05DEDF367BF754384A084F5E9CA 2018 2020-01-14 16:20:31Z JAMES COLLINS 3900 CLEVELAND AVE SE TUMWATER WA 985014023 19652269 0 X WWW.OBEE.COM X 1955 WA CREDIT UNION IN THE STATE OF WASHINGTON. PROVIDE FINANCIAL PRODUCTS AND SERVICES TO MEMBERS. 9 9 126 15 66680 0 0 0 16708303 19391849 201499 260420 0 0 16909802 19652269 18000 18000 744799 907422 5672035 6407028 0 0 0 8436937 9544491 14871771 16876941 2038031 2775328 275308458 301048046 253586840 276346386 21721618 24701660 X THE PURPOSE OF THE CREDIT UNION IS TO OPERATE AS A COOPERATIVE, NONPROFIT ASSOCIATION, FOR THE PURPOSE OF ENCOURAGING THRIFT AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR OWN MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. 0 0 THE CREDIT UNION PROVIDES DRAFT AND SHARE ACCOUNTS, CONSUMER LOANS, SHARE CERTIFICATES AND OTHER EXEMPT FUNCTION ACTIVITIES TO ITS MEMBERS. 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 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 7779 0 126 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 0 0 1 1 1 1 1 1 1 1 1 0 0 X DANIEL HILDRETH 3605707924 3900 CLEVELAND AVE SE TUMWATER WA 98501 CAROLYN CARUSO CHAIR 4.00 X X 0 0 0 WILFORD SAUNDERS 1ST VICE CHAIR 4.00 X X 0 0 0 CHRISTY KRIEGSMAN 2ND VICE CHAIR 4.00 X X 0 0 0 JERRY MURPHY ASSISTANT SECRETARY 4.00 X X 0 0 0 MIRIAM BAUSCH DIRECTOR 4.00 X 0 0 0 STEVE BLANKENSHIP DIRECTOR 4.00 X 0 0 0 PRABAKARAN MANOHARAN DIRECTOR 4.00 X 0 0 0 JUDITH WEEKS DIRECTOR 4.00 X 0 0 0 JASON GORDON DIRECTOR 4.00 X 0 0 0 JAMES COLLINS CEO 40.00 X 195672 0 52922 JENNIFER ROBERTS SVP/COO 40.00 X 125471 0 37246 DANIEL HILDRETH VP FINANCE 40.00 X 123337 0 32857 DAVID LITTLETON FINANCIAL ADVISOR 40.00 X 145084 0 29815 LEE WOJNAR VP MARKETING 40.00 X 130644 0 39325 DAVID ECHTLE CLO 40.00 X 137616 0 39307 MICHAEL LINDSEY MORTGAGE LOAN OFFICER 40.00 X 151037 0 12012 JOLEE ROBERTS-YUNKER MORTGAGE LOAN OFFICER 40.00 X 142090 0 7463 1150951 0 250947 8 0 1 0 FIS 601 RIVERSIDE AVENUE JACKSONVILLE FL 32204 CARD PROCESSOR 1089789 L KEELEY CONSTRUCTION 500 S EWING AVE G ST LOUIS MO 63103 CONSTRUCTION 1042471 JACK HENRY AND ASSOCIATES 663 W HIGHWAY 60 MONETT MO 65708 DATA PROCESSING 453774 COOK SECURITY GROUP 6501 E TRENT AVENUE SUITE I SPOKANE VALLEY WA 99212 ATM AND EQUIPMENT SERVICING 256071 TECHNOLOGY UNLIMITED 6802 SOUTH 220TH ST BLDG 2 KENT WA 98032 SUPPORT FOR BRANCH EQUIPMENT 157828 10 LOAN INTEREST AND FEES 522100 19391849 19325169 66680 19391849 259470 259470 950 0 950 950 950 19652269 19325169 66680 260420 X 18000 907422 567506 3745136 332497 1342072 419817 36390 48000 403456 525856 727159 399397 695601 45894 27053 247889 706314 51545 PROVISION FOR LOAN LOSS 2054536 CREDIT CARD EXPENSES 1338926 OPERATING EXPENSES 928553 LENDING EXPENSES 536898 771024 16876941 5645853 7230948 26052786 5514837 431741 483878 232501404 274804383 354080 1218975 13216816 6384673 5949264 6832143 1085578 1325258 3287752 3637624 275308458 301048046 3365558 5585700 3033432 8940000 247187850 261820686 253586840 276346386 X 0 0 0 0 21721618 24701660 21721618 24701660 275308458 301048046 2775328 204714 0 X X 0 0 0 1186450 1186450 6104830 2622835 3481995 5925536 3761838 2163698 6832143 MEMBER SHARE AND DEPOSIT ACCOUNTS 261820686 261820686 1 COLLEGE SCHOLARSHIP 6 18000 CASH N/A PART I, LINE 2: SCHOLARSHIP FUNDS ARE AWARDED TO INDIVIDUALS AND PAID DIRECTLY TO THE COLLEGE OR UNIVERSITY THEY ARE ATTENDING. WE PAID OUT A TOTAL OF $18,000 IN SCHOLARSHIPS ($3,000 EACH FOR SIX INDIVIDUALS) IN 2018. X 1 1 X X X 0 1 0 JAMES COLLINS CEO 171672 0 24000 0 0 0 41638 0 11284 0 248594 0 0 0 JENNIFER ROBERTS SVP/COO 109330 0 16141 0 0 0 25917 0 11329 0 162717 0 0 0 DANIEL HILDRETH VP FINANCE 107852 0 15485 0 0 0 24729 0 8128 0 156194 0 0 0 DAVID LITTLETON FINANCIAL ADVISOR 51842 0 93242 0 0 0 18531 0 11284 0 174899 0 0 0 LEE WOJNAR VP MARKETING 119010 0 11634 0 0 0 28041 0 11284 0 169969 0 0 0 DAVID ECHTLE CLO 120439 0 17177 0 0 0 27979 0 11328 0 176923 0 0 0 MICHAEL LINDSEY MORTGAGE LOAN OFFICER 23905 0 127132 0 0 0 684 0 11328 0 163049 0 0 0 PART I, LINE 4B THE CREDIT UNION PARTICIPATES IN A 457(F) RETIREMENT PLAN FOR CERTAIN OFFICERS AND KEY EMPLOYEES. THE FOLLOWING EMPLOYEES RECEIVED CONTRIBUTIONS TO THIS PLAN DURING 2018: JAMES COLLINS, CEO - $15,000 LEE WOJNAR, VP MARKETING - $9,884 DAVID ECHTLE, CLO - $9,725 JENNIFER ROBERTS, SVP/COO - $9,017 DANIEL HILDRETH, VP FINANCE - $8,748 LEE WOJNAR VP OF MARKETING HELOC X 268365 107900 0 1 1 JAMES COLLINS CEO AUTO LOAN X 38458 8052 0 1 1 DAVID ECHTLE CLO CREDIT CARD X 10000 702 0 1 1 DANIEL HILDRETH VP OF FINANCE AUTO LOAN X 18505 12560 0 1 1 JENNIFER ROBERTS COO CREDIT CARD X 11964 6157 0 1 1 LEE WOJNAR VP OF MARKETING CREDIT CART X 10000 6865 0 1 1 JAMES COLLINS CEO CREDIT CARD X 41765 30375 0 1 1 JAMES COLLINS CEO HELOC X 304183 211932 0 1 1 DAVID ECHTLE CLA HELOC X 20221 13946 0 1 1 DANIEL HILDRETH VP OF FINANCE CREDIT CARD X 12443 1194 0 1 1 JENNIFER ROBERTS COO HELOC X 84976 84195 0 1 1 483878 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IS OPEN TO ANYONE WHO LIVES OR WORKS IN WASHINGTON STATE AS WELL AS BEING RELATED TO SOMEONE WHO IS A MEMBER OF O BEE AND IS IN GOOD STANDING, AND WHO LIVES OR WORKS IN WASHINGTON STATE. AN INDIVIDUAL IS CONSIDERED A MEMBER IF THEY HAVE A SHARE OR LOAN ACCOUNT WITH THE CREDIT UNION. THE CREDIT UNION HAD 30,108 MEMBERS AS OF 12/31/2018. FORM 990, PART VI, SECTION A, LINE 7A EACH CREDIT UNION MEMBER MAY VOTE FOR MEMBERS OF THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW BEFORE THE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, DIRECTORS AND KEY EMPLOYEES MUST SIGN A CODE OF ETHICS THAT INCLUDES CONFLICT OF INTEREST GUIDELINES AND INDICATE DISCLOSURE OF ANY CONFLICTS OF INTEREST. THIS IS MONITORED VIA REVIEW OF RESPONSES TO THE ANNUAL CODE OF ETHICS DISCLOSURE. IF THERE ARE ANY CHANGES TO THE PERSON'S EMPLOYMENT OR EXTRA-CURRICULAR ACTIVITIES, THEY ARE REQUIRED TO REPORT THAT TO HUMAN RESOURCES. FORM 990, PART VI, SECTION B, LINE 15A CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS WITH THE ASSISTANCE OF AN OUTSIDE CONSULTANT AND INDUSTRY SALARY DATA AND IS DOCUMENTED. OTHER OFFICERS OR KEY EMPLOYEES SALARIES ARE DETERMINED BY CEO AND VP OF HR USING INDUSTRY SALARY DATA. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. QUARTERLY FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC VIA THE 5300 CALL REPORT. FORM 990, PART IX, LINE 24E LOAN EXPENSES 411,492. ATM AND NETWORK EXPENSES 181,646. COLLECTION EXPENSES 177,886. FORM 990, PART XII, LINE 2B: AS ALLOWED BY STATE REGULATORY AUTHORITIES, THE AUDIT IS DONE AS OF MARCH 31ST. THE REPORTING PERIOD FOR THE AUDIT, THEREFORE, DOES NOT MATCH THE REPORTING PERIOD FOR THE 990. PER THE CREDIT UNION'S MARCH 31, 2018 FINANCIAL STATEMENTS, THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AND IS EXEMPT UNDER IRC SECTION 501(C)(14) AND EXEMPT FROM FEDERAL AND STATE INCOME TAXES.