2014-05-15T13:17:55-07:00 2013-12-31 990 2013-01-01 910565155 CREDIT UNIONS IN THE STATE OF WASHINGTON CRED 3604252130 PO BOX 3020 LONGVIEW WA 98632 Dave Spaulding CEO 3604252130 2014-05-15 2013 2015-11-30 17:44:51Z Red Canoe Credit Union David Spaulding 1418 15th Ave Longview WA 98632 31112083 0 X WWW.REDCANOECU.COM X 1937 WA STATE CHARTERED CREDIT UNION 9 6 217 9 0 0 0 0 28570783 28087267 2398000 1539311 793756 1217057 31762539 30843635 0 81656 0 0 11385164 11719956 0 0 0 18936927 13733222 30322091 25534834 1440448 5308801 578523552 580885896 514226997 511049815 64296555 69836081 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 X 8427 0 1 217 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 Don Lightfoot Chairman 1 0 X X 0 0 0 Ann Bredfield Vice Chairman 1 0 X X 0 0 0 John Vogel Secretary 1 0 X X 0 0 0 Susan Sherrell Board Member 1 0 X 0 0 0 Lauri Grimes Board Member 1 0 X 0 0 0 Doug Doerfler 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 338832 0 67701 Rich Wilson CFO 45 0 X X 173113 0 43960 Jeff Haverlack Vice President 45 0 X 155483 0 33540 Debbie Malone Vice President 45 0 X 145807 0 32561 Tim Amato Vice President 45 0 X 144412 0 28629 Kim Divine Director of Human Resources 45 0 X 131374 0 25185 Amy Davis Vice President 45 0 X 124486 0 29233 1213507 0 260809 7 0 1 0 JHA 663 W Highway 60 Monett MO 657088215 Visa credit processing 690067 PSCU Financial 560 Carillon Parkway St Petersburg FL 33716 Bill payer fees and Visa servicing fees 420766 Harland Financial Solutions 605 Crescent Executive Court Suite 600 Lake Mary FL 32746 Data processing 349000 Diebold 5995 Mayfair Road North Canton OH 44720 ATM Servicing 296563 Workflow One 1498 SE Tech Center Drive Vancouver WA 98683 Statement processing 151800 8 0 0 0 0 0 0 0 0 Interest on Loans 522130 21729625 21729625 0 0 Fee Income 522130 6357642 6357642 0 0 0 0 0 0 28087267 708227 708227 0 0 0 0 0 0 0 0 0 0 0 0 1099532 0 268448 0 831084 0 831084 831084 0 0 0 PSCU, COOP, FSCC Income 522130 102002 102002 0 0 Misc Income 522130 1115055 0 0 1115055 0 0 0 0 1217057 30843635 29728580 0 1115055 57164 24492 623606 0 7975493 946947 1452770 721140 40540 166821 315357 341378 1273284 879728 1004989 354562 3138991 1671829 182741 Loan Servicing 1108807 EDP 1697211 NCUA Assessment 402942 Association Dues 264310 889732 25534834 0 0 0 5469087 5184218 33663319 38195963 412919801 426728003 1543016 638205 51204193 19046666 28880376 32157527 88531578 70314087 0 7516375 7667893 578523552 580885896 8307351 5051101 505919646 505998714 514226997 511049815 X 0 0 0 0 64296555 69836081 64296555 69836081 578523552 580885896 X 5308801 0 0 0 0 230725 X 0 1 X 1 0 6546798 0 6546798 25300704 0 7758195 17542509 0 0 0 0 19356691 0 11288471 8068220 0 0 0 0 32157527 Member Shares 505998714 505998714 X Schedule D, Part X, Line 2 The Credit Union had no unrecognized tax benefits at December 31, 2013 and 2012. 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, 2013 and 2102, 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 2010. 1 American Cancer Society 1 5500 0 American Cancer Society Linn County 1 7500 0 Linn County Fair Sponsor City of Longview 1 7000 0 sponsor city of longview events 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 that applicant is attending. The same is for grants. The VP of Marketing keeps record of these. X 1 1 X X X 0 0 0 Rich Wilson CFO 147641 0 25471 0 0 0 24319 0 19641 0 217072 0 0 Jeff Haverlack Vice President 135028 0 20455 0 0 0 21403 0 12136 0 189022 0 0 0 Debbie Malone Vice President 125982 0 19825 0 0 0 19008 0 13554 0 178369 0 0 0 Tim Amato Vice President 126836 0 17576 0 0 0 20080 0 8549 0 173041 0 0 0 Kim Divine Director of Human Resources 113843 0 17531 0 0 0 17250 0 7935 0 156559 0 0 0 Amy Davis Vice President 109484 0 15001 0 0 0 16819 0 12414 0 153718 0 0 0 David Spaulding President/CEO 294348 0 44484 0 0 0 46571 0 21130 0 406533 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 V, Line 3b Asking for extention to file this document. 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 2013 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 These 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 Incorrectly reported member shares in previous 990 reporting as equity instead of liability. Will do an adjusted 990 for 2012 CU Concepts 1418 15th Ave Longview WA 98632 911867850 Financial Management WA Red Canoe Credit Union C -62 31995 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0