2019-11-15T19:19:33-06:00 2018-12-31 810987947 HAUSER JONES & SAS PLLC 10940 NE 33RD PLACE SUITE 100 BELLEVUE WA 98004 990 2018-01-01 910403380 COMMUNITY 1ST CREDIT UNION COMM 2537225212 PO BOX 870 DUPONT WA 98327 DAN LEFREE PRESIDENT/CEO 2537225212 2019-11-15 1 ROGER A JONES CPA P01702335 4258891778 2019-11-15 162.17.182.157 2019-11-15 17:19:25 PS P 7C1D5EB2D4D3A699CCD24671D324174FB2D70807 7C1D5EB2D4D3A699CCD24671D324174FB2D70807 2018 2020-03-31 21:24:44Z DAN LEFREE PO BOX 870 DUPONT WA 98327 4897161 0 X WWW.MYC1CU.COM X 1934 WA TO ESTABLISH AND MAINTAIN THE TRUST OF OUR MEMBERS. 11 11 55 15 39524 -28955 0 0 4049525 4052181 270639 567758 73587 181570 4393751 4801509 0 0 0 0 2306714 1997386 0 0 0 2540853 3487693 4847567 5485079 -453816 -683570 110253679 144682634 93354749 128033067 16898930 16649567 TO ESTABLISH AND MAINTAIN THE TRUST OF OUR MEMBERS, WHILE CONTINUALLY EARNING OUR PLACE AS THEIR PREFERRED FINANCIAL INSTITUTION. 0 0 MUTUAL, MEMBERSHIP BENEFITS PROGRAMS, GENERAL/OTHER: PROVIDED ITS 13,315 MEMBERS THE OPPORTUNITY FOR SAVINGS, DEPOSIT, LOANS AND OTHER FINANCIAL SERVICES. GRANTED 759 LOANS TOTALING $11,698,673 TO ITS MEMBERS DURING 2018. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1538 0 1 55 1 1 1 0 0 0 0 0 1 0 X 11 11 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 0 1 1 1 0 X DAN LEFREE 2537225212 955 ROSS LOOP SUITE 100 DUPONT WA 98327 STEVE BATES VICE CHAIR 2.50 X 0 0 0 ANNE KUSH SUPERVISOR COMMITTEE 2.00 X 0 0 0 JAN PARENT SECRETARY 2.50 X 0 0 0 JAMES REID SUPERVISOR COMMITTEE/DIREC 2.00 X 0 0 0 ELAINE TIERNEY DIRECTOR 2.50 X 0 0 0 LARRY WILLIAMS DIRECTOR 2.00 X 0 0 0 TERESA WILLIAMS DIRECTOR 2.00 X 0 0 0 FRANK WORDEN BOARD CHAIR 3.00 X 0 0 0 MARK BORGAARD DIRECTOR 2.00 X 0 0 0 GRAEME SACKRISON DIRECTOR 2.00 X 0 0 0 BILL PRUETT DIRECTOR 2.00 X 0 0 0 JOHN MACLENNAN DIRECTOR 2.00 X 0 0 0 ROGER GIESEKE PRES/CEO 50.00 X 1735668 0 53932 DANIEL EDGERTON VP OF LENDING 50.00 X 19226 0 3153 DARCY VANDER VOET VP OF OPERATIONS 50.00 X 76109 0 14850 WILLIAM W PAULEN PRESIDENT/CEO 50.00 X 153161 0 29978 DANIEL LEFREE EVP/CFO 50.00 X 92415 0 34593 REBECCA RIKER VP OF MEMBER EXPERIENCE 50.00 X 4038 0 592 NICOLE LOUGHEED VP OF STRATEGIC INITIATIVES 50.00 X 4038 0 1010 2084655 0 138108 2 0 1 0 FISERV INC PO BOX 99924 GRAPEVINE TX 760999724 DATASAFE ACCOUNT PROCESSING 217048 FISERV INC PO BOX 99924 GRAPEVINE TX 760999724 ACH - PAYMENTS 201264 2 INTEREST ON LOANS 522291 2789101 2789101 FEES & CHARGES 522100 802555 772430 30125 INTERCHANGE INCOME 522210 403056 403056 MORTGAGE SERVICE RIGHT 522100 30029 30029 INSURANCE INCOME 524298 27440 18041 9399 4052181 663410 663410 42845 0 42845 42845 42845 95652 -95652 -95652 -95652 MISC INCOME 900099 113420 113420 DEBT PROTECTION INCOME 900099 8243 8243 SAFE DEPOSIT BOX 900099 6355 6355 10707 10707 138725 4801509 4098575 39524 663410 348987 1194025 93859 226874 133641 36913 20225 6627 28273 469366 327070 233472 55194 3000 1 300661 52682 PROVISION FOR LOAN LOSS 1377144 LOAN SERVICING FEE 250769 DIVIDEND EXPENSE 213786 ASSOCIATION DUES 59670 52840 5485079 2986600 902937 9440000 27734576 74561023 97453834 225305 217683 10335266 3657016 6973592 6678250 9098307 4970446 3365596 2000 2000 6966852 3357312 110253679 144682634 5818524 4805499 87536225 123227568 93354749 128033067 X 0 0 0 0 16898930 16649567 16898930 16649567 110253679 144682634 X -683570 3684 430523 X 0 0 0 1977653 1977653 5573630 1311973 4261657 133883 55826 78057 2650100 2289217 360883 6678250 MEMBER SHARES AND DEPOSITS 123227568 123227568 X X 0 1 0 ROGER GIESEKE PRES/CEO 1735668 0 0 0 0 0 52616 0 1316 0 1789600 0 0 0 WILLIAM W PAULEN PRESIDENT/CEO 153161 0 0 0 0 0 20580 0 9398 0 183139 0 0 0 PART I, LINE 4B THE CREDIT UNION ENTERED INTO A DEFERRED COMPENSATION AGREEMENT UNDER IRC SECTION 457(F) WITH A SENIOR OFFICER THAT PROVIDES BENEFITS PAYABLE UNDER TERMS AS OUTLINED IN THE AGREEMENT. UNDER THE AMENDED PLAN, THE OFFICER RECEIVED A LUMP-SUM BENEFIT DISTRIBUTION OF $1,196,003, TERMINATING ALL PRIOR LIABILITIES WITH THE PAYOUT. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS 13,315 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERS ELECT ALL MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CEO, DIRECTOR OF FINANCE AND THE BOARD OF DIRECTORS. THE FORM IS APPROVED BY THE CEO. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS AND COMMITTEE MEMBERS ARE REQUIRED TO SIGN AN OATH OF OFFICE ANNUALLY WHICH INCORPORATES A CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE CEO'S COMPENSATION. CEO SETS OFFICER SALARIES BASED ON INDUSTRY SURVEY AND PEER COMPARISON; BOARD OF DIRECTORS APPROVES RANGES. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT THEIR ANNUAL MEETING. FORM 990, PART XI, LINE 9: NET EFFECT OF MERGER 430,523.