2016-05-06T17:38:08-07:00 2015-12-31 990 2015-01-01 910565155 CREDIT UNIONS IN THE STATE OF WASHINGTON CRED 3604252130 PO BOX 3020 LONGVIEW WA 98632 Dave Spaulding CEO 3604252130 2016-05-09 2015 2016-09-27 15:27:22Z Red Canoe Credit Union David Spaulding 1418 15th Ave Longview WA 98632 32598709 0 X WWW.REDCANOECU.COM X 1937 WA STATE CHARTERED CREDIT UNION 9 6 203 12 0 0 0 0 29439934 30071954 1135172 2135195 755342 391560 31330448 32598709 87505 95880 0 0 12778592 14135449 0 0 0 16026773 14230065 28892870 28461394 2437578 4137315 639928556 651700118 563087166 571192163 76841390 80507955 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 1 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 10190 0 1 203 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 Ann Bredfield Chairman 1 0 X X 0 0 0 Doug Doerfler Vice Chairman 1 0 X X 0 0 0 Kurt Sacha Secretary 1 0 X X 0 0 0 Don Lightfoot Board Member 1 0 X 0 0 0 John Vogel Board Member 1 0 X 0 0 0 Susan Sherrell 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 Charles Martin Board Member 1 0 X 0 0 0 David Spaulding President/CEO 45 0 X X 392797 0 69579 Rich Wilson CFO 45 0 X X 200279 0 41727 Jeff Haverlack Vice President 45 0 X 186093 0 37266 Debbie Malone Vice President 45 0 X 176657 0 35480 Tim Amato Vice President 45 0 X 170622 0 30992 Kim Divine Director of Human Resources 45 0 X 144722 0 21306 Amy Davis Vice President 45 0 X 142665 0 32545 Mindy Dines Director of Internal Audit 45 0 X 105478 0 21210 1519313 0 290105 8 0 1 0 JHA 663 W Highway 60 Monett MO 657088215 Visa credit processing 827308 Co-op Financial Services 9692 Haven Ave Rancho Cucamonga CA 91730 CU Services 308539 Diebold 5995 Mayfair Road North Canton OH 44720 ATM Servicing 289057 PSCU Financial 560 Carillon Parkway St Petersburg FL 33716 Bill payer fees and Visa servicing fees 500296 Harland Financial Solutions 605 Crescent Executive Court Suite 600 Lake Mary FL 32746 Data processing 371054 9 0 Interest On Loans 522130 22893116 22893116 0 0 Fee Income 522130 7178838 7178838 0 0 0 0 0 0 30071954 1424530 1424530 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 710665 0 0 0 710665 0 710665 710665 0 0 Misc Incom 522130 391560 391560 0 0 0 0 0 0 391560 32598709 32598709 0 0 66355 29525 0 0 704382 0 9361061 1129395 2065117 875494 0 25878 2444374 0 0 0 450158 305428 1277884 1072041 0 1154891 0 0 454365 2684260 0 1710218 200448 Dues 279438 Loan Servicing 1509649 661033 28461394 0 0 0 7623397 6790199 45546343 53698764 465525856 483408842 1098528 816768 58302892 22982833 36249726 35320059 73168090 62429095 10716616 9236391 639928556 651700118 9000006 8455217 554087160 562736946 563087166 571192163 X 0 0 0 0 76841390 80507955 76841390 80507955 639928556 651700118 X 4137315 0 0 0 0 -470750 X 0 1 1 0 7047317 0 7047317 32153612 0 9994928 22158684 0 0 0 0 19101963 0 12987905 6114058 0 0 0 0 35320059 0 Member Shares 562736946 562736946 X Schedule D, Part X, Line 2 The Credit Union had no unrecognized tax benefits at December 31, 2015 and 2014. Interest accrued and penalties related to unrecognized tax benefits would be recognized by the Credit Union as noninterest expense. During the years ended December 31, 2015 and 2014, 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 2011. 1 American Cancer Society 1 5500 0 Linn County 1 7500 0 City of Longview 1 7500 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 VP of Marketing keeps record of these. X 1 1 0 0 0 David Spaulding President/CEO 361347 0 31450 0 0 0 53830 0 15749 0 462376 0 0 0 Rich Wilson CFO 183684 0 16595 0 0 0 27737 0 13990 0 242006 0 0 0 Jeff Haverlack Vice President 170812 0 15281 0 0 0 23199 0 14067 0 223359 0 0 0 Debbie Malone Vice President 161968 0 14689 0 0 0 23497 0 11983 0 212137 0 0 0 Tim Amato Vice President 156525 0 14097 0 0 0 23663 0 7329 0 201614 0 0 0 Kim Divine Director of Human Resources 132989 0 11733 0 0 0 18536 0 2770 0 166028 0 0 0 Amy Davis Vice President 130932 0 11733 0 0 0 19737 0 12808 0 175210 0 0 0 Mindy Dines Director of Internal Audit 100294 0 5184 0 0 0 11958 0 9252 0 126688 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. 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 Vice Presidents. This policy was reviewed and updated. There were no conflicts of interest in the 2015 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 a 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 There 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 2014 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