2015-11-04T09:18:51-06:00 2014-12-31 411944416 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2014-01-01 910440744 CREDIT UNIONS IN THE STATE OF WASHINGTON TWINSTAR CREDIT UNION CRED 3603579911 PO BOX 718 OLYMPIA WA 98507 KIM PETERSON CFO 3603579911 2015-11-01 1 GERALD B KISSELL P00092658 6123324300 2014 2016-03-07 17:11:31Z TWINSTAR CREDIT UNION JEFF KENNEDY PO BOX 718 OLYMPIA WA 98507 150768774 0 X WWW.TWINSTARCU.COM X 1937 WA TWINSTAR CREDIT UNION WAS ORIGINALLY ORGANIZED ON NOVEMBER 8, 1937 AND INCORPORATED ON JANUARY 3, 1938 AS THURSTON COUNTY TEACHERS CREDIT UNION. THE CREDIT UNION WAS FORMED WITH THE PURPOSE OF PROVIDING THE BEST POSSIBLE FINANCIAL SERVICES AT THE LOWEST POSSIBLE COST. 8 8 452 37 415917 -316423 0 0 55910154 57835140 4975921 3098308 25546 20981 60911621 60954429 145271 180993 4866912 3529178 21673288 23465647 0 0 0 26013640 25105640 52699111 52281458 8212510 8672971 880814196 924770776 796292545 828410309 84521651 96360467 TWINSTAR CREDIT UNION HELPS OUR MEMBERS GET AHEAD FINANCIALLY BY PROVIDING A VARIETY OF FINANCIAL SERVICES THAT CREATE RELATIONSHIPS AND FEATURE EXCEPTIONAL BENEFITS AND ADVANTAGES. 0 0 SHARE ACCOUNTS: TWINSTAR SAVINGS ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. TWINSTAR HAD 101,327 MEMBER-OWNER ACCOUNTS ON DECEMBER 31, 2014. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS MONTHLY AND OFFER ACCESS THROUGH THE BRANCH NETWORK, HOME BANKING VIA THE INTERNET OR TELEPHONE, MOBILE BANKING AND VIA ATMS WORLDWIDE. SPECIAL SAVINGS ACCOUNTS ARE DESIGNED FOR CHILDREN AND TEENAGERS TO ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS. CHECKING ACCOUNTS: TWINSTAR PROVIDES CHECKING ACCOUNTS FOR CONSUMERS WITH VARIOUS FEATURES, FROM FREE ACCOUNTS TO THOSE WITH ENHANCED BENEFITS. MOST OFFER DIVIDENDS THAT ARE PAID MONTHLY. ADDITIONALLY, TWINSTAR EXTENDS THE REACH OF THESE ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARDS, INTERNET ACCOUNT ACCESS, MOBILE BANKING AND FREE USE OF THE INTERNET BILL PAYER PLATFORM. CONSUMER LOANS: TWINSTAR CREDIT UNION HAS PROVIDED VEHICLE LOANS SINCE ITS EARLY YEARS. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES EFFICIENT UNDERWRITING AND FLEXIBLE OFFERINGS FOR RECREATIONAL VEHICLES, BOATS AND MOTORCYCLES. TWINSTAR ALSO OFFERS VISA CREDIT CARDS TO MEMBERS. THIS PRODUCT LINE SATISFIES MEMBERS DIVERSE BORROWING NEEDS, FROM A SHARE SECURED CARD TO A CREDIT LINE FOR YOUNG BORROWERS TO A CARD WITH LARGER CREDIT LINES AND LOW INTEREST RATES. TWINSTAR ALSO OFFERS HOME EQUITY/REAL ESTATE LOANS AND BUSINESS LOANS. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 27469 0 1 452 1 1 1 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X KIM PETERSON 3609234408 4525 INTELCO LOOP SE LACEY WA 98503 SCOTT HORNER BOARD CHAIR 1.00 X X 0 0 0 GAYLA GJERTSEN VICE CHAIR 1.00 X X 0 0 0 RHODETTA SEWARD SECRETARY 1.00 X X 0 0 0 RON HASTIE DIRECTOR 1.00 X 0 0 0 DONNA FELICIANO DIRECTOR 1.00 X 0 0 0 JOHN PARR DIRECTOR 1.00 X 0 0 0 JOANNE SANFORD DIRECTOR 1.00 X 0 0 0 KIM MARTIN DIRECTOR AT LARGE 1.00 X 0 0 0 JEFF KENNEDY CEO/PRESIDENT/TREASURER 40.00 X 869466 0 85272 KIMBERLY PETERSON VP CHIEF FINANCIAL OFFICER 40.00 X 146776 0 15840 REBECCA BREEN VP CHIEF RETAIL OFFICER 40.00 X 152911 0 30639 SCOTT DAUKAS VP CHIEF OPERATIONS OFFICER 40.00 X 163176 0 132989 CHRISTOPHER PETTIT BRANCH MORTGAGE LOAN OFFICER 40.00 X 179619 0 16240 MATTHEW DEVLIN VP CHIEF MARKETING OFFICER 40.00 X 144307 0 53101 MARY BETH SPUCK VP CHIEF ADMINSTRATIVE OFFICER 40.00 X 143972 0 136737 DAVID HOFFERT FINANCIAL ADVISOR 40.00 X 145460 0 17934 CANDICE MILLS SENIOR FINANCIAL ADVISOR 40.00 X 177444 0 17679 2123131 0 506431 16 0 1 0 MOMENTUM INC 1520 4TH AVE STE 300 SEATTLE WA 98101 CONSTRUCTION SERVICES 546118 DIAMOND MARKETING SOLUTIONS GROUP INC 3372 MOMENTUM PLACE CHICAGO IL 60689 PRINTING/MAIL SERVICES 469805 DIEBOLD PO BOX 643543 PITTSBURGH PA 152643543 ATM MAINT SERVICE 399637 BANCVUE LTD 4516 SETON CENTER PRKWY STE 300 AUSTIN TX 78759 BANKING LICENSE SERVICES 359287 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 SOFTWARE MAINTENANCE/CONSULTING 351215 25 INTEREST ON LOANS 522100 34226772 34226772 FEES AND CHARGES 522100 15538926 15117744 421182 VISA/INTERCHANGE INCOME 522100 7903860 7903860 OTHER INCOME 522100 170847 170847 PARTNERSHIP INCOME 522100 -5265 -5265 57835140 2033427 2033427 79842 58861 20981 20981 20981 89175590 1644775 87736760 2018724 1438830 -373949 1064881 1064881 60954429 57419223 415917 3119289 156512 24481 3529178 1606024 16790152 999232 2640320 1429919 77816 192943 311914 1372942 2554758 1281660 2374247 274438 600849 210254 3008885 282286 MEMBER SERVICES 5719136 PROVISION FOR LOAN LOSS 3315000 LOAN SERVICING EXPENSES 2998514 MISCELLANEOUS 311524 218474 52281458 63553981 74181983 3001388 2577352 595256177 697475493 51485047 23362942 27583264 28122105 143794853 71211565 9250532 11173543 38374001 40028735 880814196 924770776 9830275 8710422 1384895 1744585 785077375 817955302 796292545 828410309 X 0 0 0 0 84521651 96360467 84521651 96360467 880814196 924770776 8672971 3165845 0 X 0 1 X 1 0 14967 100 14467 14467 1 CREDIT UNION LEGISLATIVE ACTION FUND (CULAF) 18000 INTERNATIONAL BLVD STE 350 SEATAC WA 98188 910460483 14467 PART I-A, LINE 1: THE CREDIT UNION MAKES CONTRIBUTIONS TO THE POLITICAL ACTION COMMITTEES TO SUPPORT CREDIT UNION ISSUES. THE CREDIT UNION ALSO PARTICIPATES IN THE FOLLOWING ADDITIONAL WAYS: 1) SEMI-ANNUAL PAC FUNDRAISER; OPTIONAL FOR EMPLOYEES TO PARTICIPATE - SUGGESTED MINIMUM CONTRIBUTION IS $10.00. A LIST OF CONTRIBUTORS IS PROVIDED AND A SINGLE CHECK IS SENT TO THE CREDIT UNION LEGISLATIVE ACTION COUNCIL (CULAC) IN WASHINGTON, D.C. 2) PAYROLL DEDUCTION, WHICH IS OPTIONAL FOR MANAGEMENT LEVEL EMPLOYEES. 3) EMPLOYEE COMMUNICATION ON BILLS THAT DIRECTLY IMPACT THE CREDIT UNION OR MOVEMENT. 4) CALL TO ACTION FROM EMPLOYEES ON IMPORTANT BILLS THAT DIRECTLY IMPACT THE CREDIT UNION OR MOVEMENT. 5) HILL VISITS AT STATE OR FEDERAL LEVEL BY SELECT EMPLOYEES AND VOLUNTEERS, USUALLY IN CONJUNCTION WITH A CUNA OR NWCUA RELATED ACTIVITY. 6) ATTEND HEARINGS, AT THE STATE OR FEDERAL LEVEL, ON BILLS THAT WOULD IMPACT THE CREDIT UNION INDUSTRY. 7) PARTICIPATE IN LEGISLATIVE FORUMS, TOWN HALLS, OR OTHER GATHERINGS WITH STATE OR FEDERAL ELECTED OFFICIALS. 0 1 X 6942633 6942633 25808697 9869033 15939664 2772132 1601485 1170647 15961585 11892424 4069161 28122105 SHAREHOLDER DEPOSITS 816924613 DEFERRED COMPENSATION LIABILITIES 1030689 817955302 X 61392504 0 61392504 -438075 -438075 60954429 52719533 438075 438075 52281458 0 52281458 PART IV, LINE 2B: WHEN OUR MORTGAGE SERVICER (MS) RECEIVES LOAN PAYMENT FROM OUR MEMBERS, THEY REMIT THE FUNDS TO THE CU VIA ACH. THE FUNDS ARE HELD IN A CUSTODIAL ACCOUNT AND ARE APPLIED TO THE APPROPRIATE GENERAL LEDGERS AT THE BEGINNING OF THE MONTH. TAXES AND INSURANCE PAYMENTS COLLECTED BY OUR MS ARE ALSO HELD IN A CUSTODIAL ACCOUNT AND PERIODIC WITHDRAWALS ARE MADE AS ESCROW ITEMS ARE PAID. PART X, LINE 2: THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2014 AND 2013. THE CREDIT UNION'S 2011 THROUGH 2013 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS RECLASSED FROM EXPENSES -373,949. RENTAL EXPENSES RECLASSED FROM EXPENSES -58,861. PARTNERSHIP UBI RECLASSED FROM EXPENSES -5,265. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS RECLASSED FROM EXPENSES 373,949. RENTAL EXPENSES RECLASSED FROM EXPENSES 58,861. PARTNERSHIP UBI RECLASSED FROM EXPENSES 5,265. 1 HANDS ON CHILDRENS MUSEUM 414 JEFFERSON ST NE OLYMPIA WA 98501 911405065 501C3 8500 BUILDING BETTER COMMUNITY WASHINGTON STATE COMBINED FUND DRIVE PO BOX 40250 OLYMPIA WA 985040250 916001106 10000 BUILDING BETTER COMMUNITY NW CREDIT UNION FOUNDATION - 501C3 18000 INTERNATIONAL BLVD STE 350 SEATAC WA 98188 911649328 501C3 10000 BUILDING BETTER COMMUNITY TWINSTAR COMMUNITY FOUNDATION 4525 INTELCO LOOP SE LACEY WA 98503 371768613 501C3 35000 BUILDING BETTER COMMUNITY 3 1 HIGHER EDUCATION SCHOLARSHIP PROGRAM 27 19266 CHILD DAYCARE SCHOLARSHIP PROGRAM 2 5215 PART I, LINE 2: HIGH SCHOOL AND HIGHER EDUCATION SCHOLARSHIPS ARE DETERMINED BY THE SCHOLARSHIP COMMITTEE WHO GRADES EACH APPLICATION. ANNUALLY, THE TWINSTAR COMMUNITY FOUNDATION WILL BEGIN AWARDING SCHOLARSHIPS TO ELIGIBLE MEMBERS THROUGH TWO SEPARATE PROGRAMS: HIGH SCHOOL AND HIGHER EDUCATION/CURRENT COLLEGE STUDENTS. DAYCARE SCHOLARSHIPS ARE PROVIDED TO AN ELIGIBLE MEMBER WHO IS A SINGLE, WORKING PARENT ENROLLED IN A COLLEGE, UNIVERSITY OR VOCATIONAL SCHOOL. THIS SCHOLARSHIP WILL RUN FOR FIVE CONSECUTIVE YEARS, FROM SEPTEMBER 2013 THROUGH AUGUST 2018. X 1 1 X X X 0 1 0 JEFF KENNEDY CEO/PRESIDENT/TREASURER 353138 0 0 0 516328 0 73621 0 13637 0 956724 0 0 0 KIMBERLY PETERSON VP CHIEF FINANCIAL OFFICER 145063 0 0 0 1713 0 6736 0 9711 0 163223 0 0 0 REBECCA BREEN VP CHIEF RETAIL OFFICER 151969 0 0 0 942 0 9454 0 21878 0 184243 0 0 0 SCOTT DAUKAS VP CHIEF OPERATIONS OFFICER 161061 0 0 0 2115 0 122586 0 16072 0 301834 0 0 0 CHRISTOPHER PETTIT BRANCH MORTGAGE LOAN OFFICER 45583 0 0 0 134036 0 6670 0 9729 0 196018 0 0 0 MATTHEW DEVLIN VP CHIEF MARKETING OFFICER 143519 0 0 0 788 0 45197 0 8514 0 198018 0 0 0 MARY BETH SPUCK VP CHIEF ADMINSTRATIVE OFFICER 143155 0 0 0 817 0 121462 0 15891 0 281325 0 0 0 DAVID HOFFERT FINANCIAL ADVISOR 34286 0 0 0 111174 0 8518 0 9626 0 163604 0 0 0 CANDICE MILLS SENIOR FINANCIAL ADVISOR 64700 0 0 0 112744 0 9087 0 8939 0 195470 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - SPOUSE/DOMESTIC PARTNER EXPENSES WILL BE PAID BY THE CREDIT UNION AND ARE INCLUDED IN THE BUDGET. A 1099-MISC IS ISSUED TO THE BOARD MEMBER PROVIDED THE $600 REPORTING THRESHOLD IS MET. PART I, LINE 4B THE CREDIT UNION HAS A NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR MEMBERS OF MANAGEMENT. THE CREDIT UNION CONTRIBUTES 100% OF THE FUNDS TO THIS PLAN INTO VARIOUS LIFE INSURANCE POLICIES WHICH ARE REPORTED AT THEIR CASH SURRENDER VALUES. UNDER THE TERMS OF THIS PLAN, THE PARTICIPANTS ARE ENTITLED TO A SPECIFIED AMOUNT IF THEY REMAIN EMPLOYED BY THE CREDIT UNION UNTIL A PREDETERMINED TIME. IF THESE EMPLOYEES BECOME FULLY DISABLED OR UPON DEATH, AS DEFINED IN THE AGREEMENT, ACCRUED BENEFITS ARE IMMEDIATELY PAYABLE. THE BENEFITS ARE SUBJECT TO FORFEITURE IF EMPLOYMENT IS TERMINATED FOR CAUSE AS DEFINED IN THE AGREEMENTS. THE DEFERRED COMPENSATION ACCOUNTS ARE SHOWN AS BOTH ASSETS AND LIABILITIES ON THE CREDIT UNION'S CONSOLIDATED FINANCIAL STATEMENTS AND ARE AVAILABLE TO CREDITORS IN THE EVENT OF THE CREDIT UNION'S LIQUIDATION. THE FOLLOWING PARTICIPATED IN THE 457(F), NON-QUALIFIED RETIREMENT PLAN: JEFF KENNEDY, PRESIDENT/CEO - $500,000 PAYOUT IN 2014 SCOTT DAUKAS, VP CHIEF OPERATIONS OFFICER MARY BETH SPUCK, VP CHIEF ADMINISTRATIVE OFFICER MATTHEW DEVLIN, VP CHIEF MARKETING OFFICER FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE CONTROLLER AND THE CFO. A COPY WILL BE PRESENTED TO THE BOARD OF DIRECTORS PRIOR TO ELECTRONICALLY FILING FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, AT THE ORGANIZATIONAL MEETING, THE DIRECTORS, SUPERVISORY COMMITTEE AND BOARD COMMITTEE MEMBERS REVIEW AND SIGN THE VOLUNTEER CODE OF ETHICS POLICY NO. 116 AND PROCEDURE NO. 1091. EACH SIGNS AN ACKNOWLEDGMENT AND AGREEMENT, A STATEMENT OF DISCLOSURE, AND A PERSONAL BACKGROUND AND RELATIONSHIPS FORM. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD MEETS IN EXECUTIVE SESSION AND DETERMINES COMPENSATION FOR THE PRESIDENT/CEO BY REVIEWING 1) COMPARABILITY DATA 2) THE RESULTS OF MANAGEMENT'S GOALS FOR THE YEAR, AND 3) THE RESULTS OF THE PRESIDENT/CEO EVALUATION AND SCORING SHEET COMPLETED BY EACH BOARD DIRECTOR. COMPENSATION FOR THE VICE PRESIDENTS/OFFICERS IS DETERMINED BY THE PRESIDENT/CEO AFTER REVIEWING COMPARABILITY DATA PROVIDED BY HUMAN RESOURCES VENDOR AND REVIEW OF THE PROGRESS AND RESULTS OF MANAGEMENTS' GOALS. FORM 990, PART VI, SECTION C, LINE 19 A. AVAILABILITY AND DISCLOSURE OF CORPORATE RECORDS TO MEMBERS. CREDIT UNION MEMBERS HAVE THE RIGHT TO BE PROPERLY INFORMED OF THE CREDIT UNION OPERATIONS. IN ORDER TO BE PROPERLY INFORMED, THE CREDIT UNION RECOGNIZES THE NEED TO MAKE AVAILABLE TO AND DISCLOSE CERTAIN CREDIT UNION CORPORATE RECORDS UPON REQUEST. CONSISTENT WITH THE ACT AND THEIR FIDUCIARY RESPONSIBILITIES, THE BOARD HAS DEVELOPED THE FOLLOWING GUIDELINES FOR DISCLOSURE OF CREDIT UNION CORPORATE RECORDS THAT FAIRLY BALANCE THE CREDIT UNION MEMBERS' RIGHT TO BE INFORMED AND THE NEED FOR THE CREDIT UNION TO PROTECT CONFIDENTIAL AND PROPRIETARY DOCUMENTS OF THE CREDIT UNION AND PRIVACY INFORMATION OF EMPLOYEES. GUIDELINES FOR REQUESTING CREDIT UNION CORPORATE RECORDS- A MEMBER REQUESTING ANY CREDIT UNION CORPORATE RECORDS MUST SPECIFICALLY IDENTIFY THE DISCLOSABLE RECORDS REQUESTED. THE CREDIT UNION MAY REQUIRE THE MEMBER TO SIGN A CONFIDENTIALITY AGREEMENT TO PROTECT THE CREDIT UNION FROM UNAUTHORIZED DISCLOSURE OF CERTAIN PROPRIETARY INFORMATION (CREDIT UNION RECORDS II-VII LISTED BELOW). B. AVAILABILITY AND DISCLOSURE OF CREDIT UNION CORPORATE RECORDS. UPON A PROPER REQUEST, THE CREDIT UNION WILL MAKE THE FOLLOWING DOCUMENTS AVAILABLE TO MEMBERS: I. ARTICLES AND BYLAWS. (CONFIDENTIALITY AGREEMENT NOT REQUIRED) II. MINUTES OF MEMBERSHIP MEETINGS. III. ANNUAL FINANCIAL REPORT IV. FINANCIAL REPORTS AND FORMS. 5300 CALL REPORTS. FORM 990 (SUBJECT TO THE CREDIT UNION'S DISCLOSURE GUIDELINES FOR FORM 990). V. CODE OF ETHICS. VI. CORPORATE GOVERNANCE POLICIES. CORPORATE GOVERNANCE GUIDELINES FOR MEMBERS MEETINGS AND ACTIONS. MEMBERS RIGHTS POLICY. VII. BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE. NAMES, BIOGRAPHICAL INFORMATION, AND COMMITTEE ASSIGNMENTS. C. LIMITED ACCESS TO CREDIT UNION RECORDS. THE CREDIT UNION DOES NOT MAKE ALL CREDIT UNION RECORDS AVAILABLE TO GENERAL MEMBER REQUESTS DUE TO THE CONFIDENTIAL AND PROPRIETARY NATURE OF THE INFORMATION CONTAINED IN THE RECORDS, THE DISCLOSURE OF WHICH WOULD CREATE A COMPETITIVE OR REPUTATION RISK TO THE CREDIT UNION AND AN INVASION OF PRIVACY OF MEMBERS' AND EMPLOYEES' PERSONAL INFORMATION. THE CREDIT UNION CANNOT DISCLOSE MEMBER NAMES OR ACCOUNT INFORMATION OR MAKE AVAILABLE A MEMBERSHIP LIST UNLESS REQUIRED BY LAW. SIMILARLY, THE CREDIT UNION DOES NOT MAKE MINUTES OF BOARD OF DIRECTOR MEETINGS AVAILABLE DUE TO PROPRIETARY, STRATEGIC BUSINESS, AND PRIVATE EMPLOYMENT MATTERS ADDRESSED AT SUCH MEETINGS. MEETINGS OF THE BOARD AND BOARD COMMITTEES ARE OPEN TO THE BOARD MEMBERS, SUPERVISORY COMMITTEE MEMBERS, BOARD COMMITTEE MEMBERS, AND SUCH CREDIT UNION MANAGEMENT AS THE BOARD INVITES TO SUCH MEETINGS. IN ACCORDANCE WITH THE ACT, BOARD AND BOARD COMMITTEE MEETINGS ARE NOT OPEN TO THE GENERAL MEMBERSHIP DUE TO THE STRATEGIC BUSINESS, PRIVATE FINANCIAL AND EMPLOYMENT RELATED INFORMATION DISCUSSED AT SUCH MEETINGS. ALSO, THE CREDIT UNION, AS A MATTER OF LAW, CANNOT DISCLOSE THE CONTENTS OF ANY EMPLOYMENT OR BENEFITS AGREEMENT OF ANY EMPLOYEE INCLUDING THE CEO. THE CREDIT UNION, IN ITS SOLE DISCRETION AND ON A CASE-BY-CASE REQUEST AND DETERMINATION, MAY CONSIDER A SPECIFIC RECORD REQUEST WITH RESPECT TO THE OTHER TYPES OF CREDIT UNION RECORDS BALANCING THE MEMBER'S NEED FOR THE INFORMATION AND THE CREDIT UNION'S NEED TO PROTECT SUCH RECORDS OR INFORMATION FROM DISCLOSURE. THE CREDIT UNION MAY REQUIRE THE MEMBER TO SIGN A CONFIDENTIALITY AGREEMENT TO PROTECT THE CREDIT UNION FROM UNAUTHORIZED DISCLOSURE OF ANY PROPRIETARY INFORMATION. THE PARAGON CONSULTING GROUP FKA FULCRUM CONSULTING LLC 711 CAPITOL WAY SOUTH STE 708 OLYMPIA WA 98501 260473592 CONSULTING WA 1394366 1033452 TWINSTAR CREDIT UNION TWINSTAR COMMUNITY FOUNDATION 4525 INTELCO LOOP SE LACEY WA 98503 371768613 FOUNDATION WA 501(C)(3) LINE 7 TWINSTAR CU 1 CREDIT UNION SERVICES THROUGH OPERATIONS MANAGEMENT INC 6004 CAPITAL BLVD SOUTH TUMWATER WA 98501 911283584 COURIER SERVICES WA TWINSTAR CREDIT UNION C 118666 960739 1.00000 1 1 1 0 1 0 0 0 0 0 1 0 1 1 0 1 0 1 0 0 CREDIT UNION SERVICES THROUGH OPERATIONS MANAGEMENT INC A 20604 ACTUAL AMOUNT CREDIT UNION SERVICES THROUGH OPERATIONS MANAGEMENT INC M 109959 ACTUAL AMOUNT