2024-05-14T21:01:02-05:00 2023-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2023-01-01 910617775 COLUMBIA COMMUNITY CREDIT UNION COLU 3608914000 PO BOX 324 VANCOUVER WA 98666 LINDSEY SALVESTRIN PRESIDENT/CEO 3608914000 2024-05-14 1 LINDSEY SALVESTRIN XXX-XX-XXXX 1 WENDY CAMPOS P00448102 5032421447 2024-05-14 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z LINDSEY SALVESTRIN PO BOX 324 VANCOUVER WA 98666 129116434 0 X WWW.COLUMBIACU.ORG X 1952 WA A STRONG MEMBER FINANCIAL COOPERATIVE PROVIDING VALUE THROUGH: MEETING MEMBERS' NEEDS WITH QUALITY SERVICES AND PRODUCTS; CARING FOR MEMBERS AT EVERY CONTACT; AND ENHANCING THE COMMUNITIES WE SERVE THROUGH VOLUNTEERISM AND LEADERSHIP. 9 9 365 0 2120984 0 0 0 81161328 104624669 10255569 13293893 0 0 91416897 117918562 296077 352010 0 0 30551702 33430003 0 0 0 34960694 58184712 65808473 91966725 25608424 25951837 2296501925 2351701367 2082097000 2105046618 214404925 246654749 X BRINGING PEOPLE TOGETHER TO MAKE LIFE BETTER FOR THEMSELVES AND THEIR COMMUNITIES. 1 0 COLUMBIA COMMUNITY CREDIT UNION IS A WASHINGTON STATE-CHARTERED CREDIT UNION WITH A FIELD OF MEMBERSHIP IN WASHINGTON AND OREGON AND IS REGULATED BY THE WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS, DIVISION OF CREDIT UNIONS WITH RECIPROCAL OVERSIGHT BY THE OREGON DEPARTMENT OF CONSUMER & BUSINESS SERVICES, DIVISION OF FINANCIAL REGULATION. MEMBERS' DEPOSITS ARE INSURED BY THE NATIONAL CREDIT UNION SHARE INSURANCE FUND. THE MAIN PURPOSE OF THE CREDIT UNION IS PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT FAIR AND REASONABLE RATES OF INTEREST. 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 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 39275 0 1 365 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OR X EMILY YODER 3606193305 200 SE PARK PLAZA DRIVE VANCOUVER WA 98684 JOE VANCE DIRECTOR BOARD CHAIR 2.30 X X 25395 0 0 MAX AULT DIRECTOR VICE CHAIR 2.30 X X 20599 0 0 TRACEY MALONE DIRECTOR SECRETARY 2.30 X X 17683 0 0 DENA STRONG DIRECTOR TREASURER 2.30 X X 20317 0 0 CAROL VAN NATTA DIRECTOR 2.30 X 17917 0 0 MARCI WHITE-STUMPF DIRECTOR 2.30 X 15599 0 0 ERIC SAWYER DIRECTOR 2.30 X 20599 0 0 TIM SCHAUER DIRECTOR 2.30 X 18291 0 0 JULIANNA MARLER DIRECTOR 2.30 X 15326 0 0 STEPHON D KENNY PRESIDENT CEO THROUGH JAN 2023 0.00 X 1301884 0 22048 LINDSEY R SALVESTRIN PRESIDENT CEO 45.00 X 614308 0 153229 PENNY R HARRIS SVP CHIEF FINANCIAL OFFICER 40.00 X 315379 0 90266 MARC T TIMM SVP CHIEF CREDIT AND LENDING OFFICER 40.00 X 405935 0 91472 JAMES B WOOD III CHIEF ADMINISTRATIVE OFFICER 40.00 X 421829 0 71127 MARK C MICHAELS CHIEF INFORMATION OFFICER 40.00 X 346659 0 68133 COLLEEN BOCCIA CHIEF EXPERIENCE OFFICER 40.00 X 322275 0 76040 WENDY SMITH CHIEF RISK OFFICER 40.00 X 304770 0 74383 MICHAEL D FLOREA CHIEF DATA OFFICER 40.00 X 282799 0 88071 JOSEPH I STORM VP DIRECTOR COMMERCIAL & BUSINESS SERVICES 40.00 X 342197 0 20480 CARLOS M ZUNIGA VP LENDING OPERATIONS 40.00 X 229166 0 23851 JOHN R STEINKE HOME LOAN OFFICER 40.00 X 215638 0 32407 TIFFANY M MCGUIRE VP BRANCH SERVICES 40.00 X 226804 0 23576 SAMANTHA J SANDFORD VP COMMERCIAL RELATIONSHIP MANAGER 40.00 X 243426 0 21610 5744795 0 856693 73 0 1 0 FISERV INC 255 FISERV DR BROOKFIELD WI 53045 SOFTWARE SUPPORT/MAINTENANCE/LICENSES & 2862102 NCR CORPORATION 864 SPRING ST NW ATLANTA GA 30308 PC BANKING/E-STMT PROCESSING/ATM UNITS W 2749439 ALLIANT SYSTEMS 351 NW 12TH AVE PORTLAND OR 97209 MECHANICAL CONTRACTOR/HVAC INSTALLATION 1619603 STRUCTURED COMMUNICATION SYSTEM INC 12901 SE 97TH AVE STE 400 CLACKAMAS OR 97015 SOFTWARE/HARDWARE MAINTENANCE, SUPPORT 999658 CDW LLC PO BOX 75725 CHICAGO IL 60675 INFORMATION TECHNOLOGY PRODUCTS, SUPPORT 751704 60 INT & FEES ON LOANS 522100 86079856 86079856 ATM INCOME 522100 9251213 9165578 85635 FEES & SERVICE CHARGES 522100 6069367 4080742 1988625 MISC OPERATING INCOME 522100 1805569 1758845 46724 GAIN ON SALE OF LOANS 522100 1418664 1418664 104624669 13385973 13385973 11105792 11145689 52183 -39897 -52183 -92080 -92080 117918562 102503685 2120984 13293893 352010 5222333 21981796 1038946 3061615 2125313 157111 309250 59561 1604812 1555777 2202393 10191569 2085873 32469 1233773 24210152 2502794 520844 PROVISION FOR LOAN LOSS 5680919 LOAN SERVICING 2917173 STATEMENT PROCESSING 365087 DUES AND SUBSCRIPTIONS 264711 2290444 91966725 247334961 165258027 218247 214823 1705552357 1890608123 3390642 3221612 59399252 34811637 24493276 24587615 277327097 230734288 3750030 2300154 34435315 34776725 2296501925 2351701367 20384555 24191785 822417 912054 2060890028 2079942779 2082097000 2105046618 X 0 0 0 0 214404925 246654749 214404925 246654749 2296501925 2351701367 25951837 6297987 0 X 0 1 X 1 0 23471 0 0 23471 23471 1 NORTHWEST CREDIT UNION ASSOCIATION 18000 INTERNATIONAL BOULEVARD SUIT SEATAC WA 98188 910460483 23471 PART I-A, LINE 1: INDIRECT POLITICAL CAMPAIGN ACTIVITY THROUGH CONTRIBUTIONS TO OTHER ORGANIZATIONS; CREDIT UNION LEGISLATIVE ACTION FUND 0 1 X 5825213 5825213 28625105 14706155 13918950 3511905 3233721 278184 19572774 16871761 2701013 1864255 1864255 24587615 MEMBERS' SHARE AND SAVINGS ACCOUNTS 2079942779 2079942779 X PART IV, LINE 2B: ESCROW ACCOUNTS ARE FOR MEMBER REAL ESTATE LOANS TO PAY REAL ESTATE TAXES. PART X, LINE 2: FIN 48 (ASC 740) UNCERTAIN TAX POSITIONS FINANCIAL STATEMENT FOOTNOTE - THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES, AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNIONS EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNIONS FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2023 AND 2022. THE CREDIT UNIONS 2020 THROUGH 2022 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. 1 AMERICAN HEART ASSOCIATION 7272 GREENVILLE AVE DALLAS TX 75231 135613797 501 (C) (3) 10000 0 SUPPORT FOR HEART DISEASE RESEARCH AND PREVENTION THROUGH EVENT SPONSORSHIP BOYS & GIRLS CLUB OF SOUTHWEST WASHINGTON 5109 NE 82ND AVE STE 205 VANCOUVER WA 98662 911978646 501 (C) (3) 25000 0 SUPPORT FOR PROGRAMS FOR AT-RISK YOUTH THROUGH EVENT SPONSORSHIP BUILDING INDUSTRY ASSOCIATION 103 E 29TH ST VANCOUVER WA 98663 910906923 501 (C) (3) 10000 0 SUPPORT FOR LOCAL ECONOMY GROWTH AND EDUCATION PROGRAMS THROUGH EVENT SPONSORSHIPS CHILDREN'S MIRACLE NETWORK HOSPITALS 205 WEST 700 S SALT LAKE CITY UT 84101 870387205 501 (C) (3) 15000 0 SUPPORT FOR PROGRAMS AND RESEARCH FOR CHILDREN'S HEALTHCARE THROUGH EVENT SPONSORSHIP CLARK COLLEGE FOUNDATION 1933 FORT VANCOUVER WAY VANCOUVER WA 98663 237315006 501 (C) (3) 9500 0 SUPPORT FOR VETERANS THROUGH EVENT SPONSORSHIP COLUMBIA SPRINGS ENVIRONMENTAL CENTER 12208 E EVERGREEN HWY VANCOUVER WA 98683 912127406 501 (C) (3) 16000 0 SUPPORT FOR ENVIRONMENTAL EDUCATION PROGRAMS THROUGH EVENT SPONSORSHIP COMMUNITY MILITARY APPRECIATION COMMITTEE 750 ANDERSON ST C VANCOUVER WA 98661 452212671 501 (C) (3) 8000 0 SUPPORT FOR VETERANS THROUGH EVENT SPONSORSHIP COUNCIL FOR THE HOMELESS 2500 MAIN ST VANCOUVER WA 98660 912001828 501 (C) (3) 6000 0 SUPPORT TO PREVENT HOMELESSNESS IN OUR COMMUNITY THROUGH EVENT SPONSORSHIP EVERGREEN SCHOOL DISTRICT FOUNDATION 13215 C-8 SE MILL PLAIN BLVD VANCOUVER WA 98684 911714854 501 (C) (3) 15000 0 SUPPORT FOR EDUCATION PROGRAMS THROUGH EVENT SPONSORSHIP FORT VANCOUVER REGIONAL LIBRARY PO BOX 2384 VANCOUVER WA 98668 911456753 501 (C) (3) 20000 0 SUPPORT FOR READING PROGRAMS THOUGH EVENT SPONSORSHIP GREATER VANCOUVER CHAMBER OF COMMERCE 1111 MAIN ST STE 605 VANCOUVER WA 98660 910452260 501 (C) (6) 14539 0 PROMOTE AND SUPPORT SMALL BUSINESS RESOURCES THROUGH EVENT SPONSORSHIP INNOVATIVE SERVICES NW 9414 NE FOURTH PLAIN BLVD VANCOUVER WA 98662 910782136 501 (C) (3) 20000 0 SUPPORT FOR ADULTS AND CHILDREN WITH DISABILITIES WITH GRANT NATIONAL CU FOUNDATION 99 M ST SE STE 300 WASHINGTON DC 20003 391383650 501 (C) (3) 10000 0 SUPPORT FOR HAWAII DISASTER RELIEF AFTER WILDFIRES NORTHWEST ASSOCIATION FOR BLIND ATHLETES 703 BROADWAY ST STE 600 VANCOUVER WA 98660 260244283 501 (C) (3) 6000 0 SUPPORT FOR SPORTS PROGRAMS THROUGH EVENT SPONSORSHIP PORT OF CAMAS-WASHOUGAL 24 S A ST WASHOUGAL WA 98671 916001015 170 (C) (1) 7500 0 SUPPORT OF COMMUNITY EVENTS THROUGH SPONSORSHIP RETURNING VETERANS PROJECT PO BOX 15035 PORTLAND OR 97293 204034255 501 (C) (3) 8000 0 SUPPORT FOR VETERANS THROUGH EVENT SPONSORSHIP RIDGEFIELD MAIN STREET PO BOX 1656 RIDGEFIELD WA 98642 465501278 501 (C) (3) 10000 0 SUPPORT FOR LOCAL ECONOMY GROWTH THROUGH EVENT SPONSORSHIPS SHARE 2306 NE ANDRESEN RD VANCOUVER WA 98661 911205119 501 (C) (3) 15000 0 SUPPORT FOR PROGRAMS SERVING HOMELESS AND HUNGRY IN OUR COMMUNITY THROUGH EVENT SPONSORSHIP THE HISTORIC TRUST 750 ANDERSON ST VANCOUVER WA 98661 911937645 501 (C) (3) 10600 0 PRESERVATION FOR NATIONAL SITE AND SUPPORT FOR EDUCATION PROGRAMS THROUGH SPONSORSHIP AND EVENT FUNDRAISING VANCOUVER SCHOOL DISTRICT FOUNDATION 2901 FALK RD VANCOUVER WA 98661 910971800 501 (C) (3) 10000 0 SUPPORT FOR EDUCATION PROGRAMS THROUGH EVENT SPONSORSHIP VANCOUVER SYMPHONY 205 E 11TH ST STE LL5 VANCOUVER WA 98660 911281734 501 (C) (3) 10000 0 SUPPORT OF THE ARTS THROUGH SPONSORSHIP 19 2 PART I, LINE 2: WHEN MONEY IS DONATED, ONGOING COMMUNICATION IS ESTABLISHED BETWEEN THE NON-PROFIT RECEIVING DONATIONS AND THE OUTREACH TEAM TO ENSURE IT IS DISTRIBUTED AS INTENDED. IN TURN, THE NON-PROFIT IS REQUESTED TO PROVIDE THE OUTREACH TEAM A RECAP OF HOW THE MONIES WERE USED AND HOW IT BENEFITED THE INTENDED PARTY. X 1 1 X X X X X 0 1 0 STEPHON D KENNY PRESIDENT CEO THROUGH JAN 2023 787264 0 159616 0 355004 0 1638 0 20410 0 1323932 0 354398 0 LINDSEY R SALVESTRIN PRESIDENT CEO 461412 0 64863 0 88033 0 128005 0 25224 0 767537 0 0 0 MARC T TIMM SVP CHIEF CREDIT AND LENDING OFFICER 335144 0 64541 0 6250 0 74220 0 17252 0 497407 0 0 0 JAMES B WOOD III CHIEF ADMINISTRATIVE OFFICER 284764 0 53395 0 83670 0 53770 0 17357 0 492956 0 76055 0 MARK C MICHAELS CHIEF INFORMATION OFFICER 284510 0 53681 0 8468 0 59644 0 8489 0 414792 0 0 0 PENNY R HARRIS SVP CHIEF FINANCIAL OFFICER 258795 0 48600 0 7984 0 65050 0 25216 0 405645 0 0 0 COLLEEN BOCCIA CHIEF EXPERIENCE OFFICER 253505 0 48117 0 20653 0 69095 0 6945 0 398315 0 0 0 WENDY SMITH CHIEF RISK OFFICER 249108 0 47676 0 7986 0 57686 0 16697 0 379153 0 0 0 MICHAEL D FLOREA CHIEF DATA OFFICER 231403 0 44288 0 7108 0 62845 0 25226 0 370870 0 0 0 JOSEPH I STORM VP DIRECTOR COMMERCIAL & BUSINESS SE 230622 0 105925 0 5650 0 19800 0 680 0 362677 0 0 0 SAMANTHA J SANDFORD VP COMMERCIAL RELATIONSHIP MANAGER 144939 0 98237 0 250 0 14673 0 6937 0 265036 0 0 0 CARLOS M ZUNIGA VP LENDING OPERATIONS 200000 0 28166 0 1000 0 13699 0 10152 0 253017 0 0 0 TIFFANY M MCGUIRE VP BRANCH SERVICES 192265 0 28289 0 6250 0 11834 0 11742 0 250380 0 0 0 JOHN R STEINKE HOME LOAN OFFICER 33109 0 181979 0 550 0 13552 0 18855 0 248045 0 0 0 PART I, LINE 1A THE CEO'S EMPLOYMENT AGREEMENT ALLOWS FOR THE COST OF SPOUSE TRAVEL FOR 3 CONFERENCES A YEAR. BOARD POLICY ALLOWS FOR SPOUSE/DOMESTIC PARTNER ALLOWANCE OF $599 ANNUALLY WHILE ACCOMPANYING AN OFFICIAL ON CREDIT UNION-RELATED TRAINING. THE CEO'S ALLOWANCE IS NOT TREATED AS TAXABLE COMPENSATION, WHEREAS THE OFFICIAL'S ALLOWANCE IS TREATED AS TAXABLE COMPENSATION. PART I, LINE 4B LINDSEY R SALVESTRIN, 457(F) PLAN - $233,556 COLLEEN BOCCIA, 457(F) PLAN - $146,342 MICHAEL D FLOREA, 457(F) PLAN - $136,381 JAMES B. WOOD III, 457(F) PLAN - $34,611 MARC T TIMM, 457(F) PLAN - $131,853 WENDY SMITH, 457(F) PLAN - $113,808 PENNY R. HARRIS, 457(F) PLAN - $113,855 MARK C MICHAELS, 457(F) PLAN - $73,603 FORM 990, PART III, LINE 2 OVERDRAFT KINDNESS ALLOWS OUR COMMUNITY TO COME TOGETHER WITHIN OUR FINANCIAL COOPERATIVE, POOLING RESOURCES, ALLOWING US TO PROVIDE NO-FEE COVERAGE FOR OVERDRAFTS OF UP TO $20 AND FOR LARGER TOTAL OVERDRAFT AMOUNTS, THE ABILITY FOR THE ACCOUNTHOLDER TO BRING THEIR ACCOUNT POSITIVE INTRA-DAY, AND AVOID OUR CONSUMER-FRIENDLY FLAT DAILY FEE OF JUST $20 (THIS FEE IS ONLY ASSESSED ON A DAY WHEN AT LEAST ONE TRANSACTION BRINGS THE ACCOUNT NEGATIVE BY AT LEAST $20). SEE COLUMBIACU.ORG FOR MORE INFORMATION. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS VOTE TO ELECT THE GOVERNING BODY (BOARD OF DIRECTORS). FORM 990, PART VI, SECTION A, LINE 7A MEMBERS IN ATTENDANCE AT THE ANNUAL MEETING APPROVED GOVERNING BODY'S ELECTION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 DATA IS COMPILED BY THE SR ACCOUNTANT, REVIEWED BY THE CONTROLLER, AND SENT TO THE CPA FIRM TO COMPLETE THE 990. THE DRAFT OF THE 990 IS PROVIDED TO THE CONTROLLER, SVP CFO AND PRESIDENT & CEO FOR INTERNAL REVIEW. ONCE THAT IS COMPLETED THE 990 AND 990T IS UPLOADED TO THE BOARD WEBSITE AND ALL THE MEMBERS OF THE BOARD ARE NOTIFIED THAT IT IS NOW AVAILABLE FOR REVIEW. THIS IS ALL COMPLETED PRIOR TO THE SUBMISSION OF THE RETURNS TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL STAFF ARE PRESENTED WITH THE WRITTEN CONFLICT OF INTEREST POLICY ANNUALLY AND ARE REQUIRED TO SUBMIT A SIGNED CONFIRMATION TO HUMAN RESOURCES THAT THEY HAVE READ THE POLICY. EMPLOYEES ALSO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE WHICH REQUIRES THE DISCLOSURE OF ANY POTENTIAL CONFLICTS. MEMBERS OF THE BOARD OF DIRECTORS ARE ALSO REQUIRED TO SIGN CONFIRMING THEY HAVE REVIEWED THE POLICY. POTENTIAL CONFLICTS ARE REPORTED TO AND REVIEWED BY THE ENTERPRISE RISK MANAGEMENT DEPARTMENT, WHICH THEN DETERMINES THE APPROPRIATE PARTY TO DELIBERATE AND RESOLVE THE CONFLICT (E.G. BOARD, SUPERVISORY BOARD, CEO). FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES DEPARTMENT COMPILED INFORMATION FROM PROFESSIONAL INDEPENDENT SALARY SURVEYS (COMPANALYST/SALARY.COM, PEARL MEYER, MILLIMAN AND OTHER INDUSTRY SURVEYS). THIS INFORMATION WAS USED TO EVALUATE AND ESTABLISH COMPENSATION RATES WITHIN COMMUNITY, INDUSTRY, AND ASSET SIZE NORMS. BASED ON THESE STUDIES, THE CEO REVIEWS AND SETS THE COMPENSATION RATES OF SENIOR MANAGEMENT. THE BOARD OF DIRECTORS INDEPENDENTLY REVIEWED MARKET INFORMATION TO DETERMINE THE CEO'S COMPENSATION AND BENEFIT PACKAGE. A REVIEW BY HUMAN RESOURCES, USING PROFESSIONAL SALARY SURVEYS, CONFIRMED THAT THE CEO'S COMPENSATION RATE WAS WELL WITHIN THE COMPENSATION NORMS FOR SIMILAR POSITIONS WITHIN THE INDUSTRY, COMMUNITY, AND ASSET SIZE. THE LAST REVIEW OF COMPENSATION FOR THE CEO AND SENIOR MANAGEMENT WAS COMPLETED NOVEMBER 2023. FORM 990, PART VI, SECTION C, LINE 18 ON COLUMBIA CU WEBSITE HTTPS://WWW.COLUMBIACU.ORG/LEADERSHIP/ FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST COLUMBIA COMMUNITY CORPORATION PO BOX 324 VANCOUVER WA 98666 910617775 INACTIVE - USED TO BE INVEST & INS FUNCTION; COMBINED INTO CU IN 2004 WA 0 5000 COLUMBIA COMMUNITY CREDIT UNION