2014-11-17T15:33:15-06:00 2013-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2013-01-01 910576399 IQ CREDIT UNION IQCR 3606953441 1313 MAIN STREET VANCOUVER WA 98660 DEWAYNE LEDBETTER CFO/SVP FINANCE 3606953441 2014-11-17 1 REBECCA GRIFFITH P01207510 5032421447 2013 2015-11-30 17:44:51Z ROGER MICHAELIS 1313 MAIN STREET VANCOUVER WA 98660 28863583 0 X WWW.IQCU.COM X 1940 WA TO PROVIDE A FULL COMPLEMENT OF QUALITY FINANCIAL SERVICES IN A CONVENIENT, EFFICIENT, FRIENDLY, SECURE AND PROFITABLE MANNER WHICH MEETS THE NEED OF THE MEMBERSHIP. 9 9 242 30 1022266 138862 0 0 24208362 24584621 1672805 1811740 -115837 -90422 25765330 26305939 105524 113754 0 0 9834303 10682969 0 0 0 11107155 10778093 21046982 21574816 4718348 4731123 483777067 508467996 446576257 467163703 37200810 41304293 TO PROVIDE A FULL COMPLEMENT OF QUALITY FINANCIAL SERVICES IN A CONVENIENT, EFFICIENT, FRIENDLY, SECURE AND PROFITABLE MANNER WHICH MEETS THE NEED OF THE MEMBERSHIP. 0 0 PROVIDE FINANCIAL SERVICES TO 49,471 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 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 1 1 0 0 1 11218 0 1 242 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 0 1 1 0 X DEWAYNE LEDBETTER 3607593018 1313 MAIN STREET VANCOUVER WA 98660 DR JAMES SORK BOARD CHAIRMAN 4.00 X X 0 0 0 DOUG LEHRMAN BOARD VICE CHAIRMAN 3.00 X X 0 0 0 SHARON EASTMAN BOARD SECRETARY 3.00 X X 0 0 0 ED MAXWELL BOARD TREASURER 3.00 X X 0 0 0 EVIE GRENDAHL BOARD MEMBER 2.00 X 0 0 0 STEVE PORTER BOARD MEMBER 2.00 X 0 0 0 DON KETTERMAN BOARD MEMBER 2.00 X 0 0 0 JOSEPH NUTTING BOARD MEMBER 2.00 X 0 0 0 JIL CLICK BOARD MEMBER 3.00 X 0 0 0 ROGER MICHAELIS PRESIDENT/CEO 40.00 X 362128 0 24449 DEWAYNE LEDBETTER CFO/SVP FINANCE 40.00 X 131799 0 30652 RANDY SWANSON FINANCIAL INVESTMENTS MANAGER 40.00 X 159767 0 6731 ED TURK EVP/COO 40.00 X 152407 0 33885 JON DAVIS FINANCIAL INVESTMENT STAFF 40.00 X 134417 0 8752 CHRIS ANDERSON VP MORTGAGE SERVICES 40.00 X 134256 0 7462 CHRIS O'MALLEY SVP BRANCH & SUPPORT OPERATIONS/CIO 40.00 X 119461 0 26817 1194235 0 138748 9 0 1 0 INFO IMAGE 141 JEFFERSON DR MENLO PARK CA 94025 MEMBER STATEMENTS 296088 FTSI 406 E HUNTINGTON DR SUITE 100 MONROVIA CA 91016 ATM MAINTENANCE SERVICES 209366 JACK HENRY & ASSOCIATES INC 663 W HIGHWAY 60 MONETT MO 65708 SOFTWARE MAINTENANCE SUPPORT 202224 APPRAISAL VALET INC 10260 SOUTHWEST GREENBURG ROAD STE PORTLAND OR 97223 APPRAISAL SERVICES 175055 NW COMPLIANCE GROUP 8730 TALLON LANE NE LACEY WA 98516 COMPLIANCE SERVICES 146749 6 LOAN INTEREST 522100 14381459 14381459 OTHER OPERATING INCOME 522100 5449345 4427079 1022266 FEE INCOME 522100 4753817 4753817 24584621 1304433 1304433 29980 0 29980 29980 29980 3064951 2557644 507307 507307 507307 OTHER INCOME/LOSS 522100 -120402 -120402 -120402 26305939 23441953 1022266 1841720 107787 5967 549027 7974655 617412 816963 724912 87620 154620 850019 543594 635547 1138891 26738 265926 1132811 1320983 477639 LOAN SERVICING 1459119 ATM EXPENSES 1414965 LOAN LOSS PROVISION 625227 TAXES ON UBIT 49988 594406 21574816 2152451 3504414 44935201 18722316 267474758 318023639 497314 606233 32352905 13473585 17527721 18879320 126061931 122603890 3302662 3284742 21825029 22843442 483777067 508467996 3793432 4010975 210430 0 442572395 463152728 446576257 467163703 X 0 0 0 0 37200810 41304293 37200810 41304293 483777067 508467996 X 4731123 -1016328 388688 X 0 0 0 0 0 3231279 3231279 12869745 2378420 10491325 7466887 4652109 2814778 7186064 4940762 2245302 1598930 1502294 96636 18879320 SHARES/DEPOSITS 463152728 463152728 1 OREGON FOOD BANK PO BOX 55730 PORTLAND OR 97238 930785786 501(C)(3) 20000 WATERFRONT BLUES FEST SPONSOR - ELIMINATE HUNGER AND ITS CAUSES BRAVO VANCOUVER PO BOX 118 VANCOUVER WA 98666 911944790 501(C)(3) 15000 VANCOUVER WINE & JAZZ FEST SPONSOR - PROMOTE APPRECIATION OF JAZZ TRADITIONS FIRST TECHNOLOGY FEDERAL CREDIT UNION PO BOX 2100 BEAVERTON OR 97075 237062675 10000 DAVE & DAN OPEN SPONSOR - RAISE FUNDS AND AWARENESS FOR CHILDREN'S HOSPITALS VANCOUVER SCHOOL DISTRICT FOUNDATION PO BOX 6039 VANCOUVER WA 98668 910971800 501(C)(3) 6404 VSD NEW TEACHER ORIENTATION 3 1 SCHOLARSHIPS 9 5967 PART I, LINE 2: SCHOLARSHIP APPLICANTS SUBMIT AN APPLICATION, AND RECIPIENTS ARE DETERMINED BY A NUMBER OF FACTORS INCLUDING ESSAYS, GRADES AND LETTERS OF RECOMMENDATION, WHICH ARE ALL SCORED. THE HIGHEST-RATED INDIVIDUALS ARE AWARDED SCHOLARSHIPS. X X X 1 1 X X X X 0 1 0 ROGER MICHAELIS PRESIDENT/CEO 275096 0 87032 0 0 0 0 0 24449 0 386577 0 0 0 DEWAYNE LEDBETTER CFO/SVP FINANCE 129740 0 2059 0 0 0 24542 0 6110 0 162451 0 0 0 RANDY SWANSON FINANCIAL INVESTMENTS MANAGER 45126 0 114641 0 0 0 621 0 6110 0 166498 0 0 0 ED TURK EVP/COO 148200 0 4207 0 0 0 27775 0 6110 0 186292 0 0 0 PART I, LINE 1A THESE BENEFITS ARE PROVIDED TO THE CEO AS PART OF HIS EMPLOYMENT AGREEMENT. PART I, LINE 4B ROGER MICHAELIS, ED TURK, DEWAYNE LEDBETTER AND DANETTE LACHAPELLE PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THERE WERE NO CONTRIBUTIONS OR DISTRIBUTIONS DURING 2013. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERS ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AND REGULATORS. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE CFO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION HAS A CONFLICT OF INTEREST POLICY, AND EMPLOYEES AND VOLUNTEERS (BOARD MEMBERS) ANNUALLLY ACKNOWLEDGE THEY COMPLY WITH ALL CREDIT UNION POLICIES. THE CONFLICT OF INTEREST POLICY OUTLINES STEPS TAKEN BY OFFICIALS WHEN A CONFLICT ARISES, WHICH INCLUDE THE CONFLICTED PARTY ABSTAINING FROM A RELATED VOTING ITEM. EMPLOYEES ARE NOT ALLOWED TO RECEIVE A PERSONAL BENEFIT FROM ANY TRANSACTION WITH A VENDOR, CUSTOMER OR SUPPLIER DOING BUSINESS WITH THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15 CEO SALARY IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD AND COMMITTEE MINUTES ARE KEPT. TOP MANAGEMENT SALARY IS DETERMINED BY THE CEO USING A THIRD PARTY VENDOR FOR COMPARABILITY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE INCOME (LOSS) 388,688. IQ FOR KIDS PO BOX 1739 VANCOUVER WA 98668 203988310 FUNDRAISING TO SUPPORT CHILDREN'S CHARITIES WA 501(C)(3) 509(A)(1) IQ CREDIT UNION 1 CLARK FINANCIAL SERVICES INC PO BOX 1846 VANCOUVER WA 98668 911253818 SERVICE ORG PROVIDING INSURANCE PRODUCTS TO CREDIT UNION MEMBERS WA IQ CREDIT UNION C -16373 850955 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 CLARK FINANCIAL SERVICES INC Q 88598 FMV