2024-08-10T10:36:56-05:00 2023-12-31 810987947 HAUSER JONES & SAS PLLC 10940 NE 33RD PLACE SUITE 100 BELLEVUE WA 98004 990 2023-01-01 820202653 CLARITY CREDIT UNION CLAR 2084676583 PO BOX 500 NAMPA ID 83653 NICK FUGAL CFO 2084676583 2024-08-07 1 0 LINDSEY SAS CPA P01620141 4258891778 2024-08-07 2023 2024-08-08 14:25:15Z WENDY EDWARDS PO BOX 500 NAMPA ID 83653 13449206 0 1231 X WWW.CLARITYCU.COM X 1948 ID ENRICH QUALITY OF LIFE IN OUR COMMUNITIES BY PROVIDING FAIR PRODUCTS FOR PEOPLE WITH MODEST MEANS. 7 7 61 10 44049 4537 907383 0 8268678 11429015 580832 1576014 590850 331143 10347743 13336172 1098 66848 0 0 3876088 4249627 0 0 0 4283525 6734512 8160711 11050987 2187032 2285185 168916965 194416178 155719295 178749642 13197670 15666536 CLARITY CREDIT UNION VALUES PEOPLE AS INDIVIDUALS, HELPING THEM REALIZE THEIR GOALS AND ACHIEVE THEIR DREAMS. WE BUILD LIFELONG RELATIONSHIPS BY PROVIDING FINANCIAL SOLUTIONS WITHIN OUR COMMUNITY. 0 0 CLARITY CREDIT UNION SERVICES 17,960 MEMBERS IN 2023. MEMBER SERVICES ENCOURAGE THRIFT AND SAVING AND INCLUDE SAVINGS, CHECKINGS, LOANS, CDS, DEBIT CARDS, CREDIT CARDS, AND MORTGAGES. 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3710 0 1 61 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 0 0 ID X NICK FUGAL 2084676583 1880 S COBALT POINT WAY STE 100 MERIDIAN ID 83642 BRETT SPENCER BOARD CHAIR 0.80 X X 0 0 0 CORY EDWARDS VICE CHAIR 0.50 X X 0 0 0 VIVIAN FIRKIN SECRETARY/TREASURER 0.80 X X 0 0 0 ED BARNEY DIRECTOR 0.50 X 0 0 0 KATHLEEN ARCHER DIRECTOR 0.50 X 0 0 0 KAREN SERRATOS DIRECTOR 0.50 X 0 0 0 LARRY CLUCAS DIRECTOR 0.50 X 0 0 0 WENDY EDWARDS CEO/PRESIDENT 40.00 X 236418 0 37980 NICK FUGAL CFO 40.00 X 166874 0 34594 DAN EDGERTON CLO 40.00 X 150684 0 17792 GRACIE FRANKS COO 40.00 X 139460 0 33695 693436 0 124061 4 0 1 0 0 LOAN INTEREST INCOME 522200 7854961 7854961 VISA INTERCHANGE INCOME 522200 1796831 1796831 FEES AND CHARGES 524298 1311176 1297330 13846 LOAN INSURANCE SALES INCOME 524126 466047 466047 11429015 1282828 30203 1252625 248908 113034 135874 135874 135874 293186 0 293186 293186 293186 OTHER OPERATING FEE INCOME 522100 195269 195269 195269 13336172 11903624 44049 1388499 66848 693436 2528371 124686 659160 243974 23333 17578 53573 341479 83648 239719 96937 287166 78386 1822002 382281 82844 INCOME TAX 3594 DEBIT CARD EXPENSE 1325589 PROVISION LOAN LOSS 840429 DATA PROCESSING EXPENSE 403721 652233 11050987 1698755 1525583 11200000 8454000 907383 907368 40587 116411 117031324 128864906 643229 590316 12320765 2268871 7560356 10051894 539610 0 9308751 10903765 19986970 33001935 168916965 194416178 467929 337044 155251366 178412598 155719295 178749642 X 0 0 0 0 13197670 15666536 13197670 15666536 168916965 194416178 2285185 183681 0 X X 0 0 0 2216349 2216349 8090104 1370201 6719903 591975 156900 435075 1422337 741770 680567 10051894 AVAILABLE FOR SALE SECURITIES 10804511 F CATALYST CAP 99254 F 10903765 ACCRUED INTEREST ON LOANS 535530 ACCRUED INTEREST ON INVESTMENTS 111193 OTHER ASSETS 5250341 WESCORP CHECK CLEARING DEPOSITS 25011752 CUSO INVESTMENTS 254060 PDCU, LLC INVESTMENT 311675 NCUA SHARE INSURANCE CAPITALIZATION 1527384 33001935 MEMBER SHARE ACCOUNTS 175711684 DIVIDENDS PAYABLE 186841 MISCELLANEOUS 209073 ECIP TREASURY 2305000 178412598 1 ST LUKE'S HEALTH FOUNDATION LTD 190 E BANNOCK BOISE ID 83712 810600973 501(C)(3) 13900 0 FOR THE HEALTH AND WELL-BEING OF CHILDREN IN OUR COMMUNITY. CHILDRENS MIRACLE NETWORK 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 870387205 501(C)(3) 51215 0 FUNDS RAISED FROM GOLF TOURNAMENTS TO BENEFIT ST. LUKE'S HOSPITAL. 2 X 1 1 X X 0 0 0 WENDY EDWARDS CEO/PRESIDENT 227402 0 9016 0 0 0 11994 0 25986 0 274398 0 0 0 NICK FUGAL CFO 160421 0 6453 0 0 0 8608 0 25986 0 201468 0 0 0 GRACIE FRANKS COO 134301 0 5159 0 0 0 7709 0 25986 0 173155 0 0 0 DAN EDGERTON CLO 145063 0 5621 0 0 0 7534 0 10258 0 168476 0 0 0 PART I, LINE 1A THE CREDIT UNION OFFERS A FAMILY GYM MEMBERSHIP TO ALL C-LEVEL EMPLOYEES (MAX OF $700/YEAR), INCLUDING THE CEO, CFO, CLO, AND COO. THE HR MANAGER AND MARKETING MANAGER ARE PERMITTED TO SELF-MEMBER (UP TO $350/YEAR). FORM 990, PART VI, SECTION A, LINE 6 EACH ACCOUNT HOLDER IS A MEMBER OF THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP ELECTS THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS APPOINTS THE SUPERVISORY COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7B SIGNIFICANT DECISIONS, SUCH AS MERGING THE CREDIT UNION, WOULD REQUIRE MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION A, LINE 8B DURING 2023, THE ORGANIZATION HAD ALM AND SUPERVISORY COMMITTEES FOR WHICH MEETINGS WERE HELD AND MINUTES AND ACTIONS WERE RECORDED; HOWEVER, NONE OF THESE COMMITTEES HAD THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY DURING THE YEAR. ANY ACTIONS RECOMMENDED BY THE COMMITTEES WERE REQUIRED TO OBTAIN BOARD APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B AFTER THE 990 IS PREPARED BY AN OUTSIDE TAX FIRM, IT IS REVIEWED AND APPROVED BY THE CFO. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES, BOARD MEMBERS, AND COMMITTEE MEMBERS OF THE ORGANIZATION ARE COVERED BY THE WRITTEN CONFLICT OF INTEREST POLICY. DETERMINATIONS REGARDING A CONFLICT OF INTEREST ARE MADE BY EXECUTIVE COMMITTEE MEMBERS, THE BOARD OF DIRECTORS, OR LEGAL COUNSEL. ANY VIOLATION OF THE CONFLICT OF INTEREST POLICY MAY RESULT IN DISCIPLINARY ACTION UP TO AND INCLUDING DISCHARGE OR REMOVAL FROM EMPLOYMENT OR THE BOARD/COMMITTEE POSITION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD UTILIZES COMPEASE SOFTWARE WITH MARKET INFORMATION FOR VARIOUS JOBS TO DETERMINE MARKET WAGE ADJUSTMENTS. THEY HAVE AN ANNUAL REVIEW SYSTEM FOR OUR CEO THAT IS UTILIZED TO DETERMINE MERIT INCREASES. WE UTILIZE COMPEASE SOFTWARE WITH MARKET INFORMATION FOR OUR VARIOUS JOBS TO DETERMINE MARKET WAGE ADJUSTMENTS. WE HAVE AN ANNUAL REVIEW SYSTEM FOR EMPLOYEES THAT IS UTILIZED TO DETERMINE MERIT INCREASES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS, AND SELECTION OF AN INDEPENDENT ACCOUNTANT.