2018-09-13T21:32:42-05:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2017-01-01 910639210 O BEE CREDIT UNION CRED 3609430740 3900 CLEVELAND AVE SE TUMWATER WA 985014023 DANIEL HILDRETH VP OF FINANCE 3609430740 2018-09-10 1 MARY C GREEN P00447183 6022662248 2017 2022-09-23 18:48:47Z JAMES COLLINS 3900 CLEVELAND AVE SE TUMWATER WA 985014023 16914364 0 X WWW.OBEE.COM X 1955 WA CREDIT UNION IN THE STATE OF WASHINGTON. PROVIDE FINANCIAL PRODUCTS AND SERVICES TO MEMBERS. 9 9 115 14 61714 -49233 0 0 14645046 16708303 -13570 201499 0 0 14631476 16909802 18000 18000 706623 744799 4992670 5672035 0 0 0 7205573 8436937 12922866 14871771 1708610 2038031 243740920 275308458 224380791 253586840 19360129 21721618 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 7628 0 115 1 1 1 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 JAY MASON DIRECTOR - RESIGNED 11/17 4.00 X 0 0 0 JAMES COLLINS CEO 40.00 X 199818 0 51737 JENNIFER ROBERTS SVP/COO 40.00 X 116318 0 32936 DANIEL HILDRETH VP FINANCE 40.00 X 108619 0 29370 DAVID LITTLETON FINANCIAL ADVISOR 40.00 X 140433 0 26894 LEE WOJNAR VP MARKETING 40.00 X 129537 0 37477 DAVID ECHTLE CLO 40.00 X 128052 0 37987 JASON TUCKER VP OF IT 40.00 X 111985 0 14915 934762 0 231316 7 0 1 0 FIS 601 RIVERSIDE AVENUE JACKSONVILLE FL 32204 CARD PROCESSOR 896513 L KEELEY CONSTRUCTION 500 S EWING AVE G ST LOUIS MO 63103 CONSTRUCTION 569463 JACK HENRY AND ASSOCIATES 663 W HIGHWAY 60 MONETT MO 65708 DATA PROCESSING 281774 COOK SECURITY GROUP 6501 E TRENT AVENUE SUITE I SPOKANE VALLEY WA 99212 ATM AND EQUIPMENT SERVICING 158415 4 LOAN INTEREST AND FEES 522100 16708303 16646589 61714 16708303 206061 206061 4562 -4562 -4562 -4562 16909802 16646589 61714 201499 X 18000 744799 538798 3208506 271577 1278740 374414 19472 25588 339425 362953 652891 322853 561150 51866 16745 43746 647052 13372 PROVISION FOR LOAN LOSS 2303000 OPERATING EXPENSES 1398728 CREDIT CARD EXPENSES 1019076 LOAN EXPENSES 300821 358199 14871771 6440492 5645853 20218340 26052786 208230701 232855484 412834 431741 11621943 5672679 4890514 5949264 729492 1085578 2818547 3287752 243740920 275308458 2316314 3365558 3069147 3033432 218995330 247187850 224380791 253586840 X 0 0 0 0 19360129 21721618 19360129 21721618 243740920 275308458 2038031 323458 0 X X 0 0 0 1186450 1186450 6055863 2398484 3657379 4379630 3274195 1105435 5949264 MEMBER SHARE AND DEPOSIT ACCOUNTS 247187850 247187850 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 2017. X 1 1 X X X 0 0 0 JAMES COLLINS CEO 177818 0 22000 0 0 0 39873 0 11864 0 251555 0 0 0 DAVID LITTLETON FINANCIAL ADVISOR 138833 0 1600 0 0 0 15030 0 11864 0 167327 0 0 0 LEE WOJNAR VP MARKETING 115879 0 13658 0 0 0 25613 0 11864 0 167014 0 0 0 DAVID ECHTLE CLO 114956 0 13096 0 0 0 25170 0 12817 0 166039 0 0 0 LEE WOJNAR VP OF MARKETING HELOC, CREDIT CARD X 358046 120944 0 1 1 JAMES COLLINS CEO NEW VEHICLE, CREDIT CARD, HELOC X 384640 245590 0 1 1 DAVID ECHTLE VP OF LENDING CREDIT CARD, HELOC X 243250 17856 0 1 1 DANIEL HILDRETH VP OF FINANCE CREDIT CARD, AUTO LOAN X 10000 20199 0 1 1 JENNIFER ROBERTS COO CREDIT CARD, HELOC X 29959 27152 0 1 1 431741 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 27,371 MEMBERS AS OF 12/31/2017. 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 ATM AND NETWORK EXPENSES 200,006. COLLECTION EXPENSES 158,193. 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, 2017 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.