2019-11-15T14:55:06-06:00 2018-12-31 810987947 HAUSER JONES & SAS PLLC 10940 NE 33RD PLACE SUITE 100 BELLEVUE WA 98004 990 2018-01-01 910601512 CREDIT UNIONS IN THE STATE OF WASHINGTON GENERATIONS CREDIT UNION CRED 2537225212 929 EASTSIDE ST SE OLYMPIA WA 98501 WILLIAM W PAULEN PRESIDENT/CEO 2537225212 2019-11-15 1 ROGER A JONES CPA P01702335 4258891778 2019-11-11 162.17.182.157 2019-11-15 12:54:30 PS P 7C1D5EB2D4D3A699CCD24671D324174FB2D70807 7C1D5EB2D4D3A699CCD24671D324174FB2D70807 2018 2020-04-17 16:48:07Z X WILLIAM W PAULEN 955 ROSS LOOP STE 100 DUPONT WA 98327 1817714 0 X WWW.MYC1CU.COM X 1939 WA GENERATION CU PROVIDES FINANCIAL SERVICES TO ITS MEMBERS AT A LOW COST AND REASONABLE RETURN. X 5 5 24 0 0 0 0 0 1564533 1750012 71075 67702 0 0 1635608 1817714 0 0 33299 0 515302 559100 0 0 0 261938 879864 810539 1438964 825069 378750 33216383 0 30430370 0 2786013 0 X GENERATIONS CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS AT A LOW COST AND REASONABLE RETURN. THESE FINANCIAL SERVICES INCLUDED BUT ARE NOT LIMITED TO PROVIDING SECURED AND UNSECURED CONSUMER LOANS, CHECKING AND SAVING PROGRAMS, CERTIFICATES OF DEPOSIT, DEBIT AND CREDIT CARD SERVICES, AND US SAVINGS BOND REDEMPTIONS. 0 0 MUTUAL, MEMBERSHIP BENEFITS PROGRAMS, GENERAL/OTHER: PROVIDED ITS MEMBERS THE OPPORTUNITY FOR SAVINGS, DEPOSIT, LOANS AND OTHER FINANCIAL SERVICES. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 509 0 1 24 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X WILLIAM W PAULEN 2537225212 955 ROSS LOOP STE 100 DUPONT WA 98327 MARK BORGAARD BOARD CHAIR 5.00 X 0 0 0 JOHN MACLENNAN BOARD VICE CHAIR 2.00 X 0 0 0 BILL PRUETT BOARD SECRETARY/TREASURER 2.00 X 0 0 0 GEORGE MANTE BOARD MEMBER 2.00 X 0 0 0 GRAEME SACKRISON BOARD MEMBER 2.00 X 0 0 0 REBECCA RIKER VP MEMBER XP 40.00 X 70433 4038 592 NIKKI LOUGHEED VP SI 40.00 X 75857 4038 1010 146290 8076 1602 0 0 0 0 EPL 22 INVERNESS CENTER PKWY STE 400 BIRMINGHAM AL 35242 CORE PROCESSOR 159778 CORPORATE SERVICE COMPANY PO BOX 13397 PHILADELPHIA PA 19101 UCC FILING FOR LIEN PERFECTION ON LOANS 121867 2 LOAN INTEREST 522291 1390320 1390320 FEE & CHARGES 522100 359692 359692 1750012 67652 67652 50 0 50 50 50 1817714 1750062 0 67652 146290 325383 14154 32742 40531 1588 20470 107534 14559 59583 156192 93574 5895 4284 7985 11240 LOAN SERVICING FEES 140325 DIVIDEND EXPENSE 106242 PROVISION FOR LOAN LOSS 20000 ASSOCIATION DUES 17189 113204 1438964 367362 0 66459 0 0 0 287298 0 0 28612411 0 0 18892 0 0 10684 0 16097 0 2000 0 3237889 0 0 597291 0 33216383 0 1455996 28974374 0 30430370 0 X 0 0 0 0 2786013 0 2786013 0 33216383 0 X 378750 -3164763 X 0 0 0 OUTSTANDING LOANS, INVESTMENT ACCOUNTS, FIXED ASSETS 2018-11-30 1693044 MARKET VALUE 910403380 COMMUNITY 1ST CREDIT UNION PO BOX 870 DUPONT WA 98327 501(C)14 1 1 0 0 1 1 1 1 0 PART I, LINE 2E: PERSON(S) INVOLVED: REBECCA RIKER AND NICHOLE LOUGHEED PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: REBECCA RIKER IS NOW THE VP OF MEMBER EXPERIENCE AND NICHOLE LOUGHEED IS THE VP OF STRATEGIC INITIATIVES AT COMMUNITY 1ST CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS 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 ASSETS DISTRIBUTED IN MERGER -3,164,763.