2025-11-05T17:06:28-06:00 2024-12-31 450250958 Eide Bailly LLP 877 W Main St Ste 800 Boise ID 837025858 990 2024-01-01 820215955 Lewis Clark Credit Union LEWI 2087467233 604 Bryden Ave Lewiston ID 83501 Amanda Collins VP Operations/CFO 2087467233 2025-11-05 1 1 Kimberly C Nelson CPA P01887713 2083447150 2025-11-03 2024 2025-03-06 01:10:19Z Trisha Baker 604 Bryden Ave Lewiston ID 83501 17637015 0 X www.lewisclarkcu.org X 1939 ID To be our Member's favorite financial institution by helping them achieve financial success. 6 6 48 9 5566 0 0 0 14071170 16504040 1018250 1093519 0 0 15089420 17597559 111188 149494 0 0 4490055 4789710 0 0 0 8577581 10648773 13178824 15587977 1910596 2009582 240536303 249581624 218985338 225473862 21550965 24107762 X To be our Member's favorite financial institution, to build long term member relationships, to exercise sound and ethical business practices, to help our members achieve financial success. 0 0 Lewis Clark Credit Union is a non-profit financial institution located in North Idaho providing financial services including: savings accounts, checking accounts, money market accounts, certificates of deposit, and affordable credit loans to its members. LCCU serves 21,101 members in North Idaho and Eastern Washington. LCCU is a CDFI certified institution focused on making affordable credit loans to the underserved low income tracts in the communities it serves. Besides financials services, LCCU has awarded teacher grants, scholarships, and sponsorships to help better the future of its members and the communities it serves. (Continued on Schedule O)In 2024, the credit union saw comparably strong growth in members, deposits, and loans, despite the economic decline. The credit union continued to experience asset growth throughout 2024, resulting in a regulatory net worth of 12.02% at year-end. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 2553 0 1 48 1 1 1 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 0 1 0 0 1 1 1 1 1 1 1 1 1 0 0 X Amanda Collins 2087487023 604 Bryden Ave Lewiston ID 83501 Sherri Kumm Board Chair 2.00 X X 0 0 0 Katy Miller Vice Chair 2.00 X X 0 0 0 Christina Metcalf Secretary/Treasurer 2.00 X X 0 0 0 Brian Birdsell Director 2.00 X 0 0 0 Gary Groff Director 2.00 X 0 0 0 Susan Clark Director (left 10/2024) 2.00 X 0 0 0 Rebecca Sarmiento Director 2.00 X 0 0 0 Trisha Baker CEO 40.00 X 384934 0 100643 Amanda Collins VP Operations/CFO 40.00 X 223574 0 36214 David Durrant VP of Finance (left 12/2024) 40.00 X 180601 0 33291 Andrew Heimgartner VP of Lending 40.00 X 170037 0 28454 Tellan Llloyd VP of Member Solutions 40.00 X 58818 0 8708 Justin Shires System Admin 40.00 X 161400 0 15005 1179364 0 222315 6 0 1 0 0 Member Loan Interest Income 522100 12597704 12597704 Other Account Fees and Charges 522100 2202520 2196954 5566 Program Fees 522100 1703816 1703816 16504040 1132975 1132975 39456 -39456 -39456 -39456 17597559 16498474 5566 1093519 143494 6000 1096550 2481182 381841 579304 250833 24621 61750 1081767 353791 2177907 194994 262771 136106 3219 66878 339116 116371 Dividends Expense 4386485 Provision for Loan Loss 1237567 Other non-interest expe 120965 Association Dues 84465 15587977 1472041 1801847 17100163 26311796 3942 10219 1404567 1398155 187252091 188341918 796433 1573007 11008450 2515483 8757205 8492967 17138000 14952634 6611861 6699081 240536303 249581624 387454 2697352 218597884 222776510 218985338 225473862 X 0 0 0 0 21550965 24107762 21550965 24107762 240536303 249581624 X 2009582 311246 235969 X X 0 0 0 1583080 1583080 7758969 1456920 6302049 1666401 1058563 607838 8492967 Agency Securities 1000000 C Marketable Certificates of Deposit 13825000 C Catalyst PCC Investment 127634 C 14952634 Shares of Members 217876510 Borrowed Funds 4900000 222776510 1 Children's Miracle Network 205 West 700 South Salt Lake City UT 84101 870387205 501(c)(3) 20000 0 Event Sponsorship Boys & Girls Club of Lewis Clark Valley 1021 Burrell Ave Lewiston ID 83501 826001432 501(c)(3) 10000 0 Event Sponsorship Twin County United Way 128 Main St Ste 1 Lewiston ID 83501 820261086 501(c)(3) 6000 0 Event Sponsorship Jackson's Pay It Forward Foundation 613 Bryden Dr Ste 149 Lewiston ID 83501 331139378 501(c)(3) 10000 0 Event Sponsorship 4 0 Scholarships 6 6000 Part I, Line 2: The Credit Union monitors the use of grant funds in the United States by designating 2 people within the organization with the ability to approve donations and sponsorships. All requests are reviewed for impact, use, and validity of the organization and alignment with the Credit Union's core values. X X 0 1 0 Trisha Baker CEO 320859 0 64075 0 0 0 97625 0 3201 0 485760 0 0 0 Amanda Collins VP Operations/CFO 187784 0 35790 0 0 0 33197 0 3200 0 259971 0 0 0 David Durrant VP of Finance (left 12/2024) 159913 0 20688 0 0 0 7298 0 26152 0 214051 0 0 0 Andrew Heimgartner VP of Lending 143100 0 26937 0 0 0 11402 0 17235 0 198674 0 0 0 Justin Shires System Admin 135550 0 25850 0 0 0 5993 0 9171 0 176564 0 0 0 Part I, Line 4b The Organization deposited funds into a life insurance policy on the participant's life. During life, and subject to the policy generating sufficient values, the participant can borrow from the policy. At death, the organization recovers its premiums plus additional key-person insurance proceeds. There were no related amounts included as compensation for Trisha Baker during 2024. Trisha Baker CEO Fund Purchase Split Dollar Life Insurance X 1550000 1398155 0 1 1 1398155 Schedule L, Part II The Exempt Organization (EO) provides supplemental retirement benefits through an arrangement the IRS refers to as "Collateral Assignment Split Dollar" (CASD). Although the IRS requires reporting in Part II, above, for loans to interested persons, CASD is not an actual loan. There is neither a transfer of funds to the participant nor an obligation for the participant to pay those funds back. Instead, the EO recovers its outlays plus interest from the underlying policy. The recovery right is a key advantage of CASD. With traditional deferred compensation, the EO pays the benefit from corporate assets, never to recover those dollars. With CASD, the EO recovers not only its outlays but also interest that takes into account the time value of money. In CASD, the EO deposits dollars directly into a life insurance policy, with the EO Holding a lien on the policy to ensure repayment. At specified times and subject to vesting requirements, the participant may borrow from the cash value of the policy to supplement retirement income (provided there are sufficient policy values). Borrowing is carefully monitored and limited to assure that the policy will remain in effect until the participants death and will pay a death benefit at least sufficient to repay the EO's outlays plus interest. Any remaining death proceeds are divided between the EO and the Executive Beneficiary as agreed upon by the parties. Form 990, Part VI, Section A, line 6 The Credit Union is a member owned financial institution. There is one class of members having equal votes. Form 990, Part VI, Section A, line 7a The membership elects the Board of Directors during the Credit Union's annual meeting. Form 990, Part VI, Section A, line 8b There are no committees with authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b A copy of the Form 990 is provided to the full Board of Directors prior to filing. Form 990, Part VI, Section B, line 12c Annually, the Directors are required to review the current conflict of interest policy. The Board of Directors for LCCU, officers and staff are covered by the code of ethics policy. A conflict is determined by the immediate supervisor for all staff and the Board of Directors for the board. Management reviews conflicts of interest for staff, the Board of Directors reviews conflicts of interest for LCCU senior management, and supervisory committee reviews if there is a conflict of interest for the Board of Directors. If a conflict exists management will deal with the issue as confidentially as possible to resolve the conflict and the supervisory committee will do the same for the Board of Directors. If a conflict exists in a voting position, the board member must abstain from voting at the board meeting. Form 990, Part VI, Section B, line 15a The Board of Directors set the CEO salary using comparability information compiled through Compease. Compensation was last reviewed in January of 2024. The staff and other officer wages are set by the CEO based on merit and market demands. Form 990, Part VI, Section C, line 19 Governing Documents and Conflict of Interest Policy are available upon request. Form 990, Part XI, line 9: Unrealized gains on defined benefit pension plan 235,969. Form 990, Part XII, Line 2: The Credit Union is governed by the National Credit Union Administration. As such, regulators review the financial transactions of the Credit Union on a consistent basis. In addition, the Credit Union maintains a supervisory committee to oversee the performance of agreed upon procedures with regard to credit union financial information.