2018-05-15T17:47:17-07:00 2017-12-31 990 2017-01-01 910565155 CREDIT UNIONS IN THE STATE OF WASHINGTON CRED 3604252130 PO BOX 3020 LONGVIEW WA 98632 Dave Spaulding CEO 3604252130 2018-05-15 2017 2022-09-23 18:48:47Z Red Canoe Credit Union David Spaulding PO BOX 3020 LONGVIEW WA 98632 37974585 0 X WWW.REDCANOECU.COM X 1937 WA STATE CHARTERED CREDIT UNION 9 6 252 12 0 0 0 0 31920019 33984573 2422980 2953123 837147 1036889 35180146 37974585 93987 92720 0 0 14486584 15058549 0 0 0 14558228 17015673 29138799 32166942 6041347 5807643 693894308 733681489 608014589 642854015 85879719 90827474 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 11792 0 1 252 1 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 0 X 0 0 0 Kurt Sacha 1st Vice Chairman 1 0 X 0 0 0 Linda Solbrack 2nd Vice Chairman 1 0 X 0 0 0 Don Lightfoot Secretary 1 0 X 0 0 0 Malia AU Board Member 1 0 X 0 0 0 Erin Hart Board Member 1 0 X 0 0 0 Chuck Martin Board Member 1 0 X 0 0 0 Steve Reed Board Member 1 0 X 0 0 0 Charlie Neithardt Board Member 1 0 X 0 0 0 David Spaulding President/CEO 45 0 X X 434381 0 74095 Rich Wilson CFO 45 0 X X 260958 0 48255 Debbie Malone COO 45 0 X X 218793 0 41491 Jeff Haverlack CIO 45 0 X X 204650 0 41150 Tim Amato CLO 45 0 X X 193804 0 33328 Amy Davis CMO 45 0 X X 153521 0 33445 Kim Divine Director of Human Resources 45 0 X 157273 0 31479 Mindy Dines Director of Internal Audit 45 0 X 111704 0 22149 Jim Strehlow Director of Business Lending 45 0 X 106116 0 14958 1841200 0 340350 12 0 1 0 JHA 663 W Highway 60 Monett MO 657088215 Visa credit processing 748896 PSCU Financial 560 Carillon Parkway St Petersburg FL 33716 Bill payer fees and Visa servicing fees 708193 Co-op Financial Services 9692 Haven Ave Rancho Cucamonga CA 91730 CU Services 332981 Diebold 5995 Mayfair Road North Canton OH 44720 ATM Servicing 310647 Harland Financial Solutions 605 Crescent Executive Court Suite 600 Lake Mary FL 32746 Data processing 301504 5 0 0 0 0 0 0 0 0 Interest On Loans 522130 25262756 25262756 0 0 Fee Income 522130 8721817 8721817 0 0 33984573 1883448 1883448 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1069675 0 0 0 1069675 0 1069675 1069675 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Misc income 522130 1036889 1036889 0 0 0 0 0 0 1036889 37974585 37974585 0 0 56795 35925 0 0 1737872 0 9589449 1105133 1683116 942979 0 32516 2706112 0 0 0 377424 673147 1372089 1466383 0 964669 0 0 455473 2212318 0 1947786 220917 Dues 372413 Loan Servicing 2942097 1272329 32166942 0 0 0 11731623 8620451 31159775 48118451 539011882 567563015 1514875 2333383 64271477 26326693 35305960 37944784 50125806 43723631 25044387 25377774 693894308 733681489 14158030 15737054 593856559 627116961 608014589 642854015 X 0 0 0 0 85879719 90827474 85879719 90827474 693894308 733681489 X 5807643 0 0 0 0 -859888 X 0 1 X 1 0 8017273 0 8017273 36878821 0 11771735 25107086 0 0 0 0 19375383 0 14554958 4820425 0 0 0 0 37944784 Member Shares 627116961 627116961 X Schedule D, Part X, Line 2 The Credit Union had no unrecognized tax benefits at December 31, 2017 and 2016. Interest accrued and penalties to unrecognized tax benefits would be recognized by the Credit Union as noninterest expense. During the years ended December 31, 2017 and 2016, the Credit Union recognized no interest and penalties. With few exceptions, 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 Youth & Family Link 1 5328 0 Federal Way Communities 1 5178 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 394480 0 39901 0 0 0 57033 0 17062 0 508476 0 0 0 Rich Wilson CFO 237648 0 23310 0 0 0 34582 0 13673 0 309213 0 0 0 Debbie Malone COO 198493 0 20300 0 0 0 29006 0 12485 0 260284 0 0 0 Jeff Haverlack CIO 185868 0 18783 0 0 0 26837 0 14312 0 245800 0 0 0 Tim Amato CLO 175022 0 18783 0 0 0 25678 0 7650 0 227133 0 0 0 Kim Divine Director of Human Resources 142851 0 14422 0 0 0 19975 0 11504 0 188752 0 0 0 Amy Davis CMO 139099 0 14422 0 0 0 20197 0 13248 0 186966 0 0 0 Mindy Dines Director of Internal Audit 104638 0 7066 0 0 0 13304 0 8845 0 133853 0 0 0 Jim Strehlow Director of Business Lending 106116 0 0 0 0 0 4836 0 10121 0 121073 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 review 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 2017 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 2016 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