2023-08-29T18:47:14-07:00 2022-12-31 990 2022-01-01 911274190 CREDIT UNIONS IN THE STATE OF WASHINGTON CRED 3603525033 PO Box 207 Olympia WA 985070207 Teresa Carlson Accounting/Operations Manager 3603525033 2023-08-29 1 1 11 0 AAL2 X 2022 2023-04-26 12:10:37Z WCLA Credit Union Brian Bahs PO Box 207 Olympia WA 98507 4805728 0 1269 X loggerscu.com X 1985 WA To provide services to members mandated in the Credit Union Act and Charter, including providing members the opportunity to assist other members. 5 4 11 11 0 0 0 0 4620926 4507321 167915 298407 0 0 4788841 4805728 4590 7680 0 0 894873 1247621 0 0 0 1568430 1408421 2467893 2663722 2320948 2142006 91827207 103660940 76432965 86124692 15394242 17536248 To provide services to members mandated in the Credit Union Act and Charter, including providing members the opportunity to assist other members. The purpose of this Credit Union is to promote thrift among its members and to create a source of credit for them at legitimate rates of interest for provident, productive and educational purposes. 0 0 WCLA Credit Union is a section 501(c)(14) cooperative-owned, state-chartered credit union that provides financial services, including loan and share accounts, to its approximately 1300 members, similar to federally-chartered credit unions. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 478 0 1 11 1 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 0 1 0 0 X Brian Bahs 3603525033 PO Box 207 Olympia WA 985070207 Brian Bahs CEO 45 0 X 211994 0 48767 Charles Thompson President 45 0 X 152115 0 33532 Casey Smith Senior Loan Officer 45 0 X 145623 0 29879 Teresa Carlson Accounting/Operations Manager 45 0 X 143311 0 25484 Brandon Dunnaback Loan Officer 45 0 X 108205 0 24588 Dan Richart Board Chairman 1 0 X 0 0 0 Roger Smith Board Vice Chair 1 0 X 0 0 0 Greg Horsley Board Treasurer 1 0 X 0 0 0 Dan Kipp Board Member/Director 1 0 X 0 0 0 Adam Lee Board Member/Director 1 0 X 0 0 0 Edward Gould Board Member/Director 1 0 X 0 0 0 761248 0 162250 4 0 1 0 0 0 Commercial & Consumer Loan Interest 522130 3934988 3934988 0 0 Member Fee Income 522130 490634 490634 0 0 Other Operating Income 522130 58891 58891 0 0 Credit Card Interchange Income 522130 18941 18941 0 0 Loan Participation Service Fees 522130 3867 3867 0 0 0 0 0 0 4507321 298407 298407 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4805728 4805728 0 0 3180 4500 423518 640881 22361 85480 75381 8817 48194 59089 35837 34663 200796 87579 22787 8081 68520 11020 29052 Member & Nonmember Dividend Expense 728489 Loan Servicing Expense 75579 Association Dues 22215 Loan Origination Direct Costs -40921 8624 2663722 0 0 0 61799 84544 11443545 5802363 72342746 86642790 94075 111700 228612 156179 61217 72433 6899491 9615105 924334 1332005 91827207 103660940 188102 204967 7695 6797 76237168 85912928 76432965 86124692 X 0 0 0 0 15394242 17536248 15394242 17536248 91827207 103660940 2142006 0 0 0 0 0 X 1 X 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 228612 156179 72433 0 0 0 0 72433 Brokered CDs & Treasuries > 1 Year HTM 9603367 C Corp CU Perpetually Contributed Capital 11738 C 9615105 Member & Nonmember Share Deposits 82142923 Corporate CU Term Borrowings 3500000 457B EE Benefit Plan 140375 General Ledger Adjustment & Clearing Accts 129630 85912928 X X X X 0 0 0 Brian Bahs CEO 188504 0 19794 0 3696 0 32566 0 16200 0 260760 0 19794 0 Charles Thompson President 147115 0 5000 0 0 0 21356 0 12176 0 185647 0 0 0 Casey Smith Senior Loan Officer 130438 0 13805 0 1380 0 15604 0 14274 0 175501 0 9680 0 Teresa Carlson Accounting/Operations Manager 125741 0 17570 0 0 0 10608 0 14877 0 168796 0 9605 0 Schedule J, Part I, Line 3 All of the items indicated were used to assist during the CEO's annual compensation review. Casey Smith Family of Roger Smith, Director 175501 Employment Compensation & Benefits 0 Form 990, Part VI, Section A, Line 6 The organization is a state-chartered credit union with a field of membership consisting of people involved in or related to the timber industry, including people who obtain insurance through the WCLA Insurance Agency, Inc. The membership has also been opened to include several state-chartered credit unions across the country and all federally-chartered credit unions and by extension the employees of these credit unions. Form 990, Part VI, Section A, Line 7a All of the credit union's members have the opportunity to elect the governing body of the credit union for a specific term at the credit union's annual meeting. Form 990, Part VI, Section A, Line 7b All of the credit union's members have the ability to approve elections for a specific term and dismissal, if applicable, of the governing body of the credit union at the credit union's annual or special membership meeting(s). Form 990, Part VI, Section B, Line 11b The IRS 990 return is completed by the credit union's Accounting/Operations Manager and then give to the President/CEO for extensive review prior to filing. It is available upon request to other members of the governing body. Form 990, Part VI, Section B, Line 12c The credit union's Officers, Board of Directors, Supervisory Committee and any related employees are required to annually be trained on and to sign the organization's Conflict of Interest Policy. Activity is monitored throughout the year to determine if such conflicts arise. Form 990, Part VI, Section B, Line 15 The process for determining change in compensation for the credit union's President/CEO is performed annually. The board members/compensation committee discuss, independently form the officer, a suggested and approved compensation. As of December 31, 2022, the process was last utilized in late 2022 for the 2023 compensation review. Form 990, Part VI, Section C, Line 19 The credit union's governing documents, conflict of interest policy and financial statements are available upon request (annual meeting report is available on the CU's website). Most other policies and procedures are not generally made available to the public.