2012-05-15T12:29:27-07:00 2011-12-31 990 2011-01-01 910565155 CREDIT UNIONS IN THE STATE OF WASHINGTON CRED 3604252130 PO BOX 3020 LONGVIEW WA 98632 Dave Spaulding 3604252130 2012-05-15 2011 2016-02-24 21:20:13Z Red Canoe Credit Union David Spaulding PO Box 3020 Longview WA 98632 32233280 0 X WWW.REDCANOECU.COM X 1937 WA STATE CHARTERED CREDIT UNION 9 6 202 12 0 0 0 0 30030322 29052038 1936847 2655505 574144 525737 32541313 32233280 0 0 0 0 9744059 10833156 0 0 0 21943922 19948747 31687981 30781903 853332 1451377 559963112 581193498 6891683 7160582 553071429 574032916 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 0 0 0 State chartered credit union 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 X 10303 0 1 202 1 1 0 0 0 0 0 0 X 9 6 0 0 0 0 1 1 0 1 1 0 0 0 1 0 0 0 1 1 1 0 X RED CANOE CREDIT UNION 3604252130 1418 15TH AVE LONGVIEW WA 98632 Susan Sherrell 1 X X 0 0 0 Ann Bredfield 1 X X 0 0 0 Lauri Grimes 1 X 0 0 0 Doug Doerfler 1 X 0 0 0 Steve Reed 1 X X 0 0 0 Charlie Neithardt 1 X 0 0 0 John Vogel 1 X 0 0 0 Don Lightfoot 1 X 0 0 0 Charles Martin 1 X 0 0 0 David Spaulding 45 X 304137 0 63057 Rich Wilson 45 X 147612 0 40158 Jeff Haverlack 45 X 135957 0 30006 Debbie Malone 45 X 125908 0 27151 Tim Amato 45 X 125560 0 25922 Kim Divine 45 X 117421 0 23692 Amy Davis 45 X 107736 0 28245 1064331 0 238231 7 0 1 0 0 0 Interest on Loans 522130 23640540 23640540 0 0 Fee Income 522130 5411498 5411498 0 0 0 0 0 0 29052038 1437110 0 0 1437110 0 0 0 0 0 0 0 0 0 0 0 1218395 0 0 0 1218395 1218395 0 0 1218395 PSCU and Coop 522130 57061 57061 0 0 Misc Income 522130 468676 0 0 468676 0 0 0 0 525737 32233280 29109099 0 3124181 1302560 6659043 791077 1407721 672755 63145 170447 304210 515354 1981203 920489 337832 5862737 1468537 148797 Loan Servicing 4641391 EDP 1192131 Association Dues/Fees 335120 NCUA ASSESSMENT 1240213 767141 30781903 0 0 0 5404849 5419817 65137594 75862793 410765401 393497923 954461 1583123 43765306 15838520 25327380 27926786 45129717 69721615 7243710 7181441 559963112 581193498 6891683 7160582 6891683 7160582 X 492163080 511267472 0 0 60908349 62765444 553071429 574032916 559963112 581193498 X 1451377 19510110 X 0 1 1 X 0 0 6546798 6546798 0 24800273 6147926 18652347 0 0 0 0 0 12418235 9690594 2727641 0 0 0 0 27926786 59888259 F Other investments 5345356 F Certificates of deposit 4488000 C 69721615 SchD_P10_S00_L01 Schedule D, Part X, Line 1 FIN 48 footnote - The CU is exempt, by statue, from federal and state income taxed. The CU files a federal exempt organization return and sales and use tax return with the state of Washington annually. With few exceptions, the CU is no longer subject to US federal or state/local income tax examinations by tax authorities for years before 2005. X X X 0 0 0 David Spaulding 278637 0 25500 0 0 0 41657 0 21400 0 367194 0 0 0 Rich Wilson 135910 0 11702 0 0 0 20871 0 19287 0 187770 0 0 0 Jeff Haverlack 125186 0 10771 0 0 0 19008 0 10998 0 165963 0 0 0 Debbie Malone 115992 0 9916 0 0 0 12476 0 14674 0 153058 0 0 0 Tim Amato 115644 0 9916 0 0 0 17604 0 8318 0 151482 0 0 0 F990_P05_S00_L03b Form 990, Part V, Line 3b The CU does not file UBI returns as it is a net loss. F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 The credit union has members F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a The members vote at the annual meeting for the board of directors whose term is expiring. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The 990 is completed by the Accounting Manager and reviewed by the CFO F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The compensation is based on experience as well as being ran against other similar positions in similar fields. The CEOs compensation is approved by the Board of Directors. The Director of Human Resources uses software to compute all salaries based on what was mentioned above. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 These would be available upon request. Statements of financial condition are posted in the lobby of our main branch for the public to see. F990_P11_S00_L05 Form 990, Part XI, Line 5 Increases in cash, investments, and land CU Concepts 1418 15th Ave Longview WA 98632 911867850 Financial Management WA Red Canoe Credit Union C 100 100 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0