2015-11-11T16:45:08-06:00 2014-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2014-01-01 910616262 GESA CREDIT UNION GESA 5093783100 51 GAGE BLVD RICHLAND WA 99352 RICHARD WADDLE SVP OF FINANCE & MARKETING 5093783100 2015-11-11 1 EMINA O CRESSWELL CPA P01217304 5097472600 2014 2016-02-25 16:41:14Z DON C MILLER 51 GAGE BLVD RICHLAND WA 99352 74307460 0 1269 X WWW.GESA.COM X 1953 WA PROVIDE FINANCIAL SERVICES TO 125,690 MEMBERS. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, PROVIDING AUTO AND OTHER SECURED/UNSECURED CONSUMER LOANS, CHECKING AND SAVINGS PROGRAMS, AND CREDIT CARD SERVICES. 9 9 472 15 527903 170603 0 0 64172707 67620587 2209281 1594559 133316 136121 66515304 69351267 24250 65286 0 0 21406184 22379033 0 0 0 35001916 34588209 56432350 57032528 10082954 12318739 1297360006 1412134983 1177743169 1279272565 119616837 132862418 MEMBERS HAVE ACCESS TO A BROAD RANGE OF FINANCIAL PRODUCTS AND SERVICES THAT ENABLE THEM TO PROSPER AT A COST JUSTIFIED BY THE RESULT. 0 0 OFFER COMPREHENSIVE RANGE AND COMPETITIVELY PRICED LOAN PRODUCTS TO MEMBERS. GESA OFFERS A WIDE RANGE OF LOAN PRODUCTS INCLUDING, BUT NOT LIMITED TO, AUTOS, RVS, MARINE EQUIPMENT, FIRST MORTGAGE, HOME EQUITY, CREDIT CARD, COMMERCIAL AND VARIOUS SECURED AND UNSECURED LOANS. OFFER COMPREHENSIVE AND COMPETITIVELY YIELDING SAVINGS PRODUCTS TO MEMBERS. GESA OFFERS A WIDE VARIETY OF SAVINGS PRODUCTS TO MEMBERS, WHICH INCLUDE, BUT ARE NOT LIMITED TO BASIC SAVINGS, HOLIDAY CLUB, VACATION CLUB, COMMERCIAL SAVINGS, CERTIFICATE ACCOUNTS, IRA CERTIFICATES, IRA SAVINGS AND MONEY MARKET ACCOUNTS. GESA CONTINUES TO BE A LEADER IN OUR AREA ON SAVINGS ACCOUNT RATES. OFFER LOW COST SERVICES TO MEMBERS WHICH WILL ENABLE THEM TO ACHIEVE THEIR DESIRED FINANCIAL GOALS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 32561 0 1 472 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 1 1 X RICHARD WADDLE 5093783100 51 GAGE BLVD RICHLAND WA 99352 MANUEL CHAVALLO DIRECTOR 5.00 X 1457 0 0 PAUL KORSTAD DIRECTOR 5.00 X 2352 0 0 PETER SMITH DIRECTOR 5.00 X 777 0 0 MARTIN VALADEZ TORRES DIRECTOR 5.00 X 0 0 0 WILLIAM ROBERTS JR DIRECTOR 5.00 X 0 0 0 GREGG ANDREWS DIRECTOR 5.00 X 2537 0 0 WILLIAM MELBERG SECRETARY 5.00 X X 1616 0 0 ROBERT FOLLETT VICE CHAIRMAN OF BOARD 5.00 X X 921 0 0 IRIS ANDERSON CHAIRMAN OF THE BOARD 5.00 X X 0 0 0 DON C MILLER PRESIDENT/CEO 60.00 X 407936 0 102771 BRETT JORGENSON CHIEF LENDING OFFICER 50.00 X 217892 0 27913 RAJESH BANDARU CHIEF INFORMATION OFFICER 50.00 X 244703 0 31713 RICHARD WADDLE SVP OF FINANCE/MARKETING 50.00 X 143731 0 24376 DANNETTE WARREN MORTGAGE SALES MANAGER 40.00 X 242842 0 37040 JERRY SIMS SVP OF COMPLIANCE/PROJECTS 50.00 X 172968 0 21320 STEVE OORD SVP OF ADMINISTRATION 50.00 X 160234 0 23871 EILEEN GRIFFIN SVP WEALTH MANAGEMENT & HR 50.00 X 178317 0 22314 RANDY WACKER VP OF MORTGAGE LENDING 50.00 X 167464 0 20664 CHRISTINA C LETHLEAN FORMER PRESIDENT/CEO 0.00 X 221317 0 0 2167064 0 311982 21 1 1 0 BANLIN CONSTRUCTION 320 W COLUMBIA DR KENNEWICK WA 99336 BUILDING CONSTRUCTION 1947260 MH CONSTRUCTION 4211 W CLEARWATER KENNEWICK WA 99336 BUILDING CONSTRUCTION 1314309 OPEN SOLUTIONS INC 455 WINDING BROOK DR GLASTONBURY CT 06033 INFORMATION SYSTEMS 968942 STRUCTURED 12091 SE 97TH AVE SUITE 400 CLAKAMAS OR 97015 DATA CENTER INFRASTRUCTURE 962860 DIEBOLD PO BOX 643543 PITTSBURGH PA 15264 SECURITY SERVICES 831561 39 LOAN INTEREST 522100 50186793 50186793 FEES & CHARGES INCOME 522100 8785096 8693943 91153 VISA/DEBIT CARD INCOME 522100 6514064 6514064 OTHER INCOME 522100 2134634 1704098 430536 67620587 1547305 1547305 194207 6214 64300 0 129907 6214 136121 6214 129907 3021251 1917896 3018462 1873431 2789 44465 47254 47254 69351267 67098898 527903 1724466 40286 25000 1167244 16544204 985524 2177410 1504651 145984 124944 2129506 1598586 6248357 1567597 697791 5033 5749415 4958671 188151 PROVISION FOR LOAN LOSS 8224122 CREDIT/COLLECTION COSTS 2315277 FRAUD EXPENSE 266267 REGULATORY EXAMINATION 140142 228366 57032528 58405167 39191042 54220974 47125633 2301429 1908749 1019566842 1158003423 11429858 15519803 83640232 20464872 57245373 63175360 64186593 58489512 30003770 28721461 1297360006 1412134983 33542734 46317502 128661 1478346 672184 931519 1143399590 1230545198 1177743169 1279272565 X 0 0 0 0 119616837 132862418 119616837 132862418 1297360006 1412134983 X 12318739 830328 96514 X 0 0 0 0 1 X 11470342 11470342 43776392 7108595 36667797 302364 107723 194641 25919614 13248554 12671060 2171520 2171520 63175360 MEMBER DEPOSITS AND ACCOUNTS 1230545198 1230545198 PART IV, LINE 2B: GESA MAINTAINS FIRST MORTGAGE ESCROWS IN A LIABILITY ACCOUNT ON THE BALANCE SHEET AND MAKES NECESSARY PAYMENTS FROM THIS ACCOUNT. 1 AMERICAN RED CROSS - APPLE VALLEY 12 ORONDO AVE WENATCHEE WA 98801 530196605 501(C)(3) 5286 GENERAL ASSISTANCE SAFE HARBOR CRISIS NURSERY 1111 GRANT PL KENNEWICK WA 99336 911725914 501(C)(3) 15000 GENERAL ASSISTANCE MAKE-A-WISH OF ALASKA & WASHINGTON 104 S FREYA STE 311A GREEN FLAG BLDG SPOKANE WA 99202 911329433 501(C)(3) 20000 GENERAL ASSISTANCE 3 COLLEGE SCHOLARSHIPS 11 25000 PART I, LINE 2: PAYMENT OF SCHOLARSHIP AWARDS IS MADE DIRECTLY TO A COLLEGE OR UNIVERSITY UPON VERIFICATION OF THE RECIPIENT'S ENROLLMENT. FAILURE TO MAINTAIN FULL TIME STATUS AT SCHOOL WILL RESULT IN THE CANCELLATION OF SCHOLARSHIPS AND ALL UNUSED FUNDS ARE RETURNED TO GESA CREDIT UNION. THE ORGANIZATION KEEPS RECEIPTS, HOWEVER, THE ORGANIZATION DOES NOT HAVE A PROCESS IN PLACE TO TRACK THE ELIGIBILITY FOR DONATIONS OTHER THAN THAT THE DONATIONS ARE TO REPUTABLE ORGANIZATIONS. X 1 1 X X X 0 1 0 DON C MILLER PRESIDENT/CEO 337500 0 41844 0 28592 0 88089 0 14682 0 510707 0 0 0 BRETT JORGENSON CHIEF LENDING OFFICER 190615 0 16470 0 10807 0 20188 0 7725 0 245805 0 0 0 RAJESH BANDARU CHIEF INFORMATION OFFICER 217462 0 18180 0 9061 0 22859 0 8854 0 276416 0 0 0 RICHARD WADDLE SVP OF FINANCE/MARKETING 123992 0 10800 0 8939 0 13426 0 10950 0 168107 0 0 0 DANNETTE WARREN MORTGAGE SALES MANAGER 62311 0 179910 0 621 0 22701 0 14339 0 279882 0 0 0 JERRY SIMS SVP OF COMPLIANCE/PROJECTS 148569 0 12816 0 11583 0 15997 0 5323 0 194288 0 0 0 STEVE OORD SVP OF ADMINISTRATION 136038 0 11790 0 12406 0 14880 0 8991 0 184105 0 0 0 EILEEN GRIFFIN SVP WEALTH MANAGEMENT & HR 155660 0 13442 0 9215 0 16635 0 5679 0 200631 0 0 0 RANDY WACKER VP OF MORTGAGE LENDING 118783 0 38973 0 9708 0 15574 0 5090 0 188128 0 0 0 CHRISTINA C LETHLEAN FORMER PRESIDENT/CEO 0 0 0 0 221317 0 0 0 0 0 221317 0 0 0 PART I, LINE 1A BOARD MEMBERS MANUEL CHAVALLO, ROBERT FOLLETT, PAUL KORSTAD, WILLIAM MELBERG, PETER SMITH, AND GREGG ANDREWS RECEIVED 1099S FOR TRAVEL EXPENSES FOR COMPANIONS. PART I, LINE 4B DON MILLER, PRESIDENT/CEO, PARTICPIATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2014 WAS $50,000. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS COMPOSED OF ONE CLASS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERS ELECT MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE SENIOR ACCOUNTING SPECIALIST AND THE SVP OF FINANCE & MARKETING REVIEW THE CREDIT UNION'S FORM 990 AND THEN PRESENT TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. EACH EMPLOYEE HAS THE RESPONSIBILITY FOR DEMONSTRATING THEIR COMPLIANCE WITH THIS POLICY, AND ALL POTENTIAL EMPLOYEES WILL REVIEW AND SIGN THIS POLICY BEFORE CONSIDERATION FOR EMPLOYMENT. FORM 990, PART VI, SECTION B, LINE 15A THE CREDIT UNION'S PROCEDURES FOR DETERMINING COMPENSATION OF THE CEO INCLUDE COMPENSATION SURVEYS AND APPROVAL BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 18 FORMS 1024, 990 AND 990-T ARE AVAILABLE UPON REQUEST. 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 -571,114. CHANGE DUE TO EQUITY ACQUIRED IN MERGER 673,590. BOOK/TAX DIFFERENCE FROM PASSTHROUGH -5,962.