2018-11-14T15:13:44-06:00 2017-12-31 810987947 HAUSER JONES & SAS PLLC 10940 NE 33RD PLACE SUITE 100 BELLEVUE WA 98004 990 2017-01-01 910567189 OUR COMMUNITY CREDIT UNION OURC 8004265657 526 W CEDAR ST SHELTON WA 98584 RYAN DRAKE CFO 8004265657 2018-11-14 1 ROGER A JONES CPA P01702335 4258891778 2018-11-13 208.186.241.180 2018-11-14 11:35:35 PS P DB76E8880825B81D3678E5C6633D0A2ABC4FF312 BE724D484AE05375E95B6DA3E309BB5E61E422DC 2017 2019-02-21 02:37:17Z RYAN DRAKE PO BOX 1670 SHELTON WA 98584 16988030 0 X WWW.OURCU.COM X 1954 WA OUR MISSION IS TO SUSTAIN CONSISTENT GROWTH AND A STRONG FINANCIAL POSITION. 7 7 111 0 147541 -244393 0 0 11636046 12299021 4656267 4656201 12354 8572 16304667 16963794 0 0 0 0 5929960 5896863 0 0 0 8168900 7905124 14098860 13801987 2205807 3161807 334095722 362619279 293871845 319489824 40223877 43129455 X OUR COMMUNITY CREDIT UNION IS A MEMBER-OWNED FINANCIAL COOPERAIVE. OUR MISSION IS TO SUSTAIN CONSISTENT GROWTH AND A STRONG FINANCIAL POSITION.-WE WILL TREAT ALL MEMBERS IN A DIGNIFIED, CARING MANNER.-WE WILL MANAGE OUR MEMBERS' BUSINESS CONFIDENTIALLY.-WE WILL PROVIDE OUR MEMBERS WITH CHOICES IN THE SERVICES WE OFFER.-WE WILL BUILD LASTING RELATIONSHIPS THROUGH CONSULTATION TO AID US IN HELPING MEET OUR MEMBERS' NEEDS. 0 0 OUR COMMUNITY CREDIT UNION PROVIDES FINANCIAL SERVICES INCLUDING DEPOSITS AND CONSUMER LENDING TO RESIDENTS OF WASHINGTON STATE AT LOCATIONS IN THE SOUTH SOUND AREA. 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 5183 0 1 111 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X RYAN DRAKE 3604325234 PO BOX 1670 SHELTON WA 98584 SADIE HAWKINS BOARD MEMBER 2.00 X 0 0 0 BARBARA OLIVER BOARD MEMBER 2.00 X 0 0 0 CURTIS STRACKE BOARD MEMBER 2.00 X 0 0 0 PAUL WING BOARD MEMBER 2.00 X 0 0 0 AMY THOMASON BOARD MEMBER 2.00 X 0 0 0 A ROY DUNN JR TREASURER 2.00 X 0 0 0 JOHN MCGEE BOARD CHAIR 2.00 X 0 0 0 BERT FISHER PRESIDENT/CEO 60.00 X 245758 0 34775 SHARON WILES CONSUMER LENDING MGR 50.00 X 92724 0 17191 RYAN DRAKE CFO 55.00 X 108303 0 14454 KARI WAYLETT VP OPERATIONS 50.00 X 94120 0 19884 DARIS DEVANEY VP MARKETING & SALES 50.00 X 85728 0 17786 LORI HOWLAND VP INFORMATION SVCS 50.00 X 69099 0 20279 695732 0 124369 2 0 1 0 DH PO BOX 535120 ATLANTA GA 303535120 WEBSITE PROCESSING/CHECK IMAGES 325445 DIEBOLD PO BOX 643543 PITTSBURGH PA 152643543 CONSULTING 163822 COOK SECURITY GROUP 301 30TH ST NE SUITE 106 AUBURN WA 98001 SECURITY CAMERAS 159267 HOOD CANAL COMMUNICATIONS PO BOX 249 UNION WA 985920249 INTERNET/TELEPHONE 149392 DELL MARKETING 321 N OAK STREET INGLEWOOD CA 90302 MARKETING 144026 5 INTEREST ON LOANS 522100 8280618 8280618 FEE INCOME 522100 3465922 3465922 OTHER NON-INTEREST INCOME 522100 413740 404940 8800 UNRELATED FEE INCOME 522210 138741 138741 12299021 4680437 4680437 350 0 350 350 350 24236 -24236 -24236 -24236 MISC OPERATING INCOME 900099 8222 8222 8222 16963794 12135816 147541 4680437 695703 3499805 474319 889344 337692 46820 175587 6764 191592 412391 711791 221570 551168 89408 132835 179189 687023 190401 DEBIT/CREDIT & ATM FEES 1474264 DIVIDENDS 1212739 PROVISION FOR LOAN LOSS 709695 LOAN EXPENSE 426545 485342 13801987 11169274 10184970 935249 2622567 52527 232993 155028531 165089434 708481 13880863 4803649 7987182 9077214 145437361 160849411 6791794 7033297 6693804 6820912 334095722 362619279 2432096 2875759 10700000 12700000 280739749 303914065 293871845 319489824 X 0 0 0 0 40223877 43129455 40223877 43129455 334095722 362619279 3161807 -256229 0 X X 0 1 X 1 0 1749975 1749975 6797225 1727507 5069718 1266344 461723 804621 4067319 2614419 1452900 9077214 MEMBER SHARE ACCOUNTS 303914065 303914065 X X 1 1 X X X 0 1 0 BERT FISHER PRESIDENT/CEO 213940 0 0 0 31818 0 22658 0 12117 0 280533 0 0 0 PART I - OTHER ADDITIONAL INFORMATION SCHEDULE J, PART I, QUESTION 4(B) THE CREDIT UNION ENTERED INTO A DEFERRED COMPENSATION AGREEMENT (THE "AGREEMENT") WITH MEMBERS OF THE EXECUTIVE MANAGEMENT TEAM THAT PROVIDES BENEFITS PAYABLE TO THESE EMPLOYEES UNDER TERMS AS OULINED IN THE AGREEMENT. BENEFITS ARE ACCRUED AND PAID BEGINNING WITH ATTAINMENT OF RETIREMENT AGE, AS DEFINED IN THE AGREEMENT. ADDITIONALLY, IF SUCH EMPLOYEE BECOMES FULLY DISABLED, ACCRUED BENEFITS ARE IMMEDIATELY PAYABLE. THE BENEFITS ARE SUBJECT TO FORFEITURE IF EMPLOYMENT IS TERMINATED FOR CAUSE, AS DEFINED IN THE AGREEMENT. THE CREDIT UNION HAS RECORDED OTHER LIABILITIES OF APPROXIMATELY $783,898 AND $645,572 UNDER THE AGREEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 AND 2016, RESPECTIVELY. NO BENEFIT PAYMENTS WERE MADE FOR THE YARS ENDED DECEMBER 31, 2017 AND 2016. PART III - OTHER ADDITIONAL INFORMATION SCHEDULE J, PART I, QUESTION 3 THE CREDIT UNION UTILIZES MULTIPLE REGIONAL, NATIONAL, AND INDUSTRY SALARY SURVEYS TO REVIEW AND/OR SET SALARY LEVELS. THE HUMAN RESOURCES DEPARTMENT HAS THE RESPONSIBILITY FOR ADMINISTERING THE CREDIT UNION'S COMPENSATION PROGRAM, WORKING WITH APPROPRIATE SENIOR MANAGEMENT TO ENSURE THAT OUR COMPENSATION SCHEDULE IS KEEPING WITH THE POLICY OF THE CREDIT UNION THROUGH A BALANCE OF MARKET COMPETITIVENESS AND INTERNAL EQUITY. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS 29,577 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS VOTE ANNUALLY TO ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B AFTER FORM 990 IS PREPARED BY A CPA FIRM, THE CHIEF FINANCIAL OFFICER REVIEWS THE FORM FOR ACCURACY AND APPROVES ITS SUBMITTAL. FORM 990, PART VI, SECTION B, LINE 12C MANAGEMENT PROVIDES A CONFLICT OF INTEREST QUESTIONNAIRE AND PERSONAL DISCLOSURE STATEMENT TO ALL EMPLOYEES AND VOLUNTEERS OF OUR COMMUNITY CREDIT UNION. THE CONFLICT OF INTEREST POLICY IS REQUIRED TO BE REVIEWED AND SIGNED OR ACKNOWLEDGED UPON HIRE FOR NEW EMPLOYEES. ACKNOWLEDGEMENTS RECEIVED FROM INDIVIDUALS WHO DISCLOSE A POTENTIAL CONFLICT ARE FORWARDED TO THE CEO OR CFO FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION UTILIZES MULTIPLE REGIONAL, NATIONAL, AND INDUSTRY SALARY SURVEYS TO REVIEW AND/OR SET SALARY LEVELS. THE HUMAN RESOURCES DEPARTMENT HAS THE RESPONSIBILITY FOR ADMINISTERING THE CREDIT UNION'S COMPENSATION PROGRAM, WORKING WITH APPROPRIATE SENIOR MANAGEMENT TO ENSURE THAT OUR COMPENSATION SCHEDULE IS KEEPING WITH THE POLICY OF THE CREDIT UNION THROUGH A BALANCE OF MARKET COMPETITIVENESS AND INTERNAL EQUITY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS 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.