2019-05-20T19:50:02-07:00 2018-12-31 990 2018-01-01 910565155 CREDIT UNIONS IN THE STATE OF WASHINGTON CRED 3604252130 PO BOX 3020 LONGVIEW WA 98632 Dave Spaulding CEO 3604252130 2019-05-17 65.122.151.3 2018 2019-02-21 02:37:17Z Red Canoe Credit Union David Spaulding PO BOX 3020 LONGVIEW WA 98632 39588764 0 X WWW.REDCANOECU.COM X 1937 WA STATE CHARTERED CREDIT UNION 9 6 270 12 0 0 0 0 33984573 36418727 2953123 2687173 1036889 482864 37974585 39588764 92720 102718 0 0 15058549 17171418 0 0 0 17015673 18058730 32166942 35332866 5807643 4255898 733681489 775947856 642854015 679425926 90827474 96521930 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 12680 0 1 270 1 0 0 0 0 0 0 0 0 X 9 6 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 Chairman 1 X 0 0 0 Kurt Sacha 1st Vice Chairman 1 X 0 0 0 Linda Solbrack 2nd Vice Chairman 1 X 0 0 0 Don Lightfoot 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 Bell Board Member 1 X 0 0 0 Steve Reed Board Member 1 X 0 0 0 Charlie Neithardt Board Member 45 X 0 0 0 David Spaulding President/CEO 45 X X 457119 0 60539 Rich Wilson CFO 45 X X 271555 0 52824 Deidra Miner COO 45 X X 34461 0 28 Jeff Haverlack CIO 45 X X 208833 0 43054 Tim Amato CLO 45 X X 210140 0 37253 Amy Davis CMO 45 X X 158326 0 31989 Kim Divine Director of Human Resources 45 X 166101 0 34186 Mindy Dines Director of Internal Audit 45 X 119963 0 24513 Jim Strehlow Director of Business Lending 45 X 132448 0 17810 Hamilton McJunkin AVP of Home Lending 45 X 131781 0 21984 Kelly Richter AVP of Operations Development 45 X 124589 0 28578 Rod Snyder AVP of Branches and Sales 45 0 X 120861 0 18226 Patty Eicholtz Branch Development Manager 45 X 119137 0 22965 Meredith Ellis IT Operations Manager 45 0 X 119986 0 33101 Jack Little Network Manager 45 X 110518 0 28652 Debbie Malone COO 45 X 234937 0 45617 2720755 0 501319 15 1 1 0 PSCU Financial 560 Carillon Parkway St Petersburg FL 33716 Bill payer fees and Visa servicing fees 589615 Finastra 285 Madison Avenue 4th Floor New York NY 10017 Data processing 563548 JHA 663 W Highway 60 Monett MO 657088215 Visa credit processing 485123 Co-op Financial Services 9692 Haven Ave Rancho Cucamonga CA 91730 CU Services 433406 Diebold 5995 Mayfair Road North Canton OH 44720 ATM Servicing 343360 5 0 Interest on Loans 522130 28079291 28079291 0 0 Fee Income 522130 8339436 8339436 0 0 0 0 0 0 36418727 1987817 1987817 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 699356 0 0 0 699356 0 699356 699356 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Misc income 522130 482864 482864 0 0 0 0 0 0 482864 39588764 39588764 0 0 67685 35033 0 0 1848672 0 10467822 1186722 2661561 1006641 0 55677 2524152 0 0 0 868661 673187 1132731 1616333 0 1083417 0 0 486189 2787184 0 2011640 241183 Dues 444876 Loan Servicing 2849362 1284138 35332866 0 0 0 8620451 11450745 48118451 46249626 567563015 609895226 2333383 2950199 67965743 28070617 37944784 39895126 43723631 39886706 25377774 25620228 733681489 775947856 15737054 14938619 627116961 664487307 642854015 679425926 X 0 0 0 0 90827474 96521930 90827474 96521930 733681489 775947856 X 4255898 0 0 0 0 1438558 X 0 1 X 1 0 8017273 0 8017273 37050126 0 12712035 24338091 0 0 0 0 22898344 0 15358582 7539762 0 0 0 0 39895126 0 Member shares 664487307 664487307 X Schedule D, Part X, Line 2 The Credit Union had no unrecognized tax benefits at December 31, 2018 and 22017. Interest accrued and penalties to unrecognized tax benefits would e recognized by the Credit Union as noninterest expense. During the years ended December 31, 2018 and 2017, the Credit Union recognized no interest and penalties. With few exception, 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 Children's Miracle Network 1 5000 0 Youth and Family Link 1 6127 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 0 0 David Spaulding President/CEO 396315 0 60803 0 0 0 41250 0 19289 0 517657 0 0 Rich Wilson CFO 236146 0 35408 0 0 0 36876 0 15948 0 324378 0 0 0 Jeff Haverlack CIO 181069 0 27764 0 0 0 27472 0 15582 0 251887 0 0 0 Tim Amato CLO 182225 0 27915 0 0 0 28624 0 8629 0 247393 0 0 0 Amy Davis CMO 138587 0 19740 0 0 0 21441 0 10547 0 190315 0 0 0 Kim Divine Director of Human Resources 143762 0 22339 0 0 0 21525 0 12661 0 200287 0 0 0 Mindy Dines Director of Internal Audit 112353 0 7610 0 0 0 14175 0 10338 0 144476 0 0 0 Jim Strehlow Director of Business Lending 132448 0 0 0 0 0 6054 0 11756 0 150258 0 0 0 Hamilton McJunkin AVP of Home Lending 131781 0 0 0 0 0 9919 0 12065 0 153765 0 0 0 Kelly Richter AVP of Operations Development 121949 0 2640 0 0 0 17842 0 10736 0 153167 0 0 0 Rod Snyder AVP of Branches and Sales 118119 0 2742 0 0 0 17244 0 982 0 139087 0 0 0 Patty Eicholtz Branch Development Manager 116942 0 2195 0 0 0 14994 0 7971 0 142102 0 0 0 Meredith Ellis IT Operations Manager 112436 0 7549 0 0 0 16770 0 16330 0 153085 0 0 0 Jack Little Network Manager 103264 0 7254 0 0 0 13944 0 14708 0 139170 0 0 0 Debbie Malone COO 203345 0 31592 0 0 0 31874 0 13743 0 280554 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. 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 2018 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. Form 990, Part XI, Line 9 This was due to an adjustment to 2017 undivided earnings. 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