2016-05-11T11:30:47-05:00 2015-12-31 910189318 Moss Adams LLP 601 W Riverside Avenue Ste 1800 Spokane WA 99201 990 2015-01-01 910596314 Credit Unions in the State of MountainCrest Credit Union CRED 3604355400 3710 168th Street NE No A108 Arlington WA 98223 Susan Webster VP/CFO 3604355400 2016-05-10 1 Emina O Cresswell CPA P01217304 5097472600 2015 2016-09-27 15:27:22Z Mark Morrison 3710 168th Street NE No A108 Arlington WA 98223 4222099 0 1269 X www.mountaincrestcu.com X 1934 WA Your home for trusted, sound financial services with that personal touch. 7 7 27 9 87346 12749 0 0 3842446 3802677 160058 96279 73390 90761 4075894 3989717 0 0 0 0 1554328 1546064 0 0 0 2123970 2183268 3678298 3729332 397596 260385 85690853 91149705 78473132 83779186 7217721 7370519 The vision of MountainCrest Credit Union is that we are a sound financial institution providing a full range of innovative, competitive products and services with exceptional personal service. 0 0 Provide financial services to 10,189 members. These services include, but are not limited to, providing real estate and other secured/unsecured consumer loans, checking and savings programs, and credit card services. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 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 1 1215 0 1 27 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X Susan Webster 3604355400 3710 168th Street NE A108 Arlington WA 98223 Gordon Kimbell Board Member 1.00 X 0 0 0 Stephen Powers Board Member 1.00 X 0 0 0 Gabrielle Braley Board Member 1.00 X 0 0 0 Patrick Gallagher Board Member 1.00 X 0 0 0 Bruce Landre Board Chairman 1.00 X X 0 0 0 Shirley Bradford Board Vice-Chairperson 1.00 X X 0 0 0 James Nixon Board Secretary/Treasurer 1.00 X X 0 0 0 SUSAN WEBSTER Vice President/CFO 40.00 X 104862 0 6886 MARK MORRISON President/CEO 40.00 X 131488 0 6994 236350 0 13880 2 0 0 0 Fiserv EFT PO Box 99924 Grapevile TX 76099 Service Support 189177 Jack Henry & Associates - Symitar (Episy 8985 Balboa Avenue San Diego CA 92123 Data Processor 113894 Fiserv Galaxy 5600 Crooks Rd Suite 101 Troy MI 48098 Data Processor 105063 3 Loan Interest 522100 2756268 2756268 Fees & Charges 522100 514453 427107 87346 Card Check Interchange 522100 286103 286103 Visa Interchange Incom 522100 245853 245853 3802677 107599 107599 23900 197162 23900 208482 0 -11320 -11320 -11320 Other Income 522100 90761 90761 90761 3989717 3806092 87346 96279 250231 987816 5536 185272 117209 6836 18000 207290 47682 342440 26318 183293 6294 25846 77105 102546 37329 UBI Taxes 1653 Loan Servicing Expense 456114 Data Processing 321302 Fraud Losses 134395 188825 3729332 741788 551645 8722012 15742192 1692982 1706291 60200287 60371653 625918 399870 5931346 2052886 3933157 3878460 8596428 7318944 1178281 1180650 85690853 91149705 768697 639510 77704435 83139676 78473132 83779186 X 0 0 0 0 7217721 7370519 7217721 7370519 85690853 91149705 X 260385 -8636 -98951 X 0 0 0 482080 482080 3829674 749688 3079986 1581651 1291605 290046 37941 11593 26348 3878460 Corporate Credit Unions 649420 C Banks, S&Ls, Mutual Savings Banks 1147000 C Federal Agency Securities 5522524 C 7318944 Shares/Deposits 83139676 83139676 MARK MORRISON CEO Nonrecourse Split Dollar Loan X 1224901 1214533 0 1 1 Susan Webster CFO/VP Nonrecourse Split Dollar Loan X 495424 491758 0 1 1 1706291 Form 990, Part VI, Section A, line 6 Credit Union has one class of members. Form 990, Part VI, Section A, line 7a Credit Union members elect members of the governing body. Form 990, Part VI, Section A, line 7b Credit union members approve all decisions made by the governing body. Form 990, Part VI, Section B, line 11 The CFO reviews Form 990 prior to filing. Form 990, Part VI, Section B, line 12c Board members must provide written disclosure of any conflict of interest with organizations. Such conflict can be described as "involvement with the organization, its board, the program or personnel." Board members will be expected to refrain from participation in the allocation discussion and from voting. A possible exception is when a Board member has information pertaining to the organization or program that the Board deems essential to decisionmaking. Board meeting minutes will serve as a record of any board member being determined as unqualified to participate in funding decisions. Conflict of interest statements are kept on file and updated as appropriate. Form 990, Part VI, Section B, line 15a The Board of Directors determines the salary of the CEO, which is approved through the Board Executive Committee. Compensation is determined based on reviewing local/regional industry comparisons. This review is conducted on an annual basis. Form 990, Part VI, Section C, line 19 Governing documents, conflict of interest policy and financial statements are available upon request. Form 990, Part XI, line 9: Change in Other Comprehensive Income -98,951.