2025-12-23T16:13:14-06:00 2025-10-01 390859910 BAKER TILLY ADVISORY GROUP LP 2707 COLBY AVENUE SUITE 801 EVERETT WA 98201 990 2025-01-01 910403380 COMMUNITY 1ST CREDIT UNION COMM 2537225212 PO BOX 870 DUPONT WA 98327 NICOLE LOUGHEED EXECUTIVE VICE PRESIDENT/CFO 2537225212 2025-12-23 1 1 EMINA O CRESSWELL P01217304 4252597227 2025-12-23 2024 2025-03-06 01:10:19Z X DANIEL M LEFREE PO BOX 870 DUPONT WA 98327 7825675 0 X WWW.MYC1CU.COM X 1934 WA HELPING ENSURE A MORE PROSPEROUS FINANCIAL FUTURE FOR OUR MEMBERS. X 5 5 0 0 4002 0 0 0 8953381 5918558 2357934 1853964 62322 50574 11373637 7823096 0 0 0 0 3788187 2945277 0 0 0 6937742 4877488 10725929 7822765 647708 331 186974161 0 165273927 0 21700234 0 TO ESTABLISH AND MAINTAIN THE TRUST OF OUR MEMBERS, WHILE CONTINUALLY EARNING OUR PLACE AS THEIR PREFERRED FINANCIAL INSTITUTION. 0 0 MUTUAL, MEMBERSHIP BENEFITS PROGRAMS, GENERAL/OTHER: PROVIDED ITS 11,027 MEMBERS THE OPPORTUNITY FOR SAVINGS, DEPOSIT, LOANS AND OTHER FINANCIAL SERVICES DURING 2025. 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X DANIEL M LEFREE 2537225212 955 ROSS LOOP SUITE 100 DUPONT WA 98327 DANIEL LEFREE PRESIDENT/CEO/TREASURER 50.00 X 222385 0 35288 NICOLE LOUGHEED EXECUTIVE VICE PRESIDENT/CFO 50.00 X 133258 0 30419 FRANK WORDEN BOARD CHAIRPERSON 1.50 X X 0 0 0 ELAINE TIERNEY BOARD VICE CHAIRPERSON 1.00 X X 0 0 0 JAMES REMY BOARD SECRETARY 1.00 X X 0 0 0 STEVEN BATES BOARD MEMBER 1.00 X 0 0 0 JANICE PARENT BOARD MEMBER 1.00 X 0 0 0 ALAN WALKER BOARD MEMBER (THRU 1/25) 1.00 X 0 0 0 LARRY WILLIAMS BOARD MEMBER (THRU 1/25) 1.00 X 0 0 0 355643 0 65707 2 0 1 0 0 INTEREST ON LOANS 522291 5102637 5102637 INTERCHANGE INCOME 522210 437693 437693 FEES & CHARGES 522100 315679 311677 4002 62549 62549 5918558 1856543 1856543 50574 0 50574 50574 50574 2579 -2579 -2579 -2579 7823096 5852007 4002 1967087 421350 1860040 117624 355112 191151 10549 43650 75359 12452 442744 991089 229779 40799 1039 1925143 273201 24980 BAD DEBT EXPENSE 230323 DEBIT CARD CHARGES 211967 LOAN SERVICING FEES 162667 MISCELLANEOUS 93819 107928 7822765 799645 0 3496456 0 0 36561 0 0 0 126464091 0 0 779688 0 0 0 10502107 0 43496495 0 0 4000 0 266153 0 1128965 0 186974161 0 5414275 0 8897 0 159850755 0 165273927 0 X 0 0 0 0 21700234 0 21700234 0 186974161 0 X 331 -21700565 X 0 0 0 2097 0 2097 2097 1 CREDIT UNION LEGISLATIVE ACTION FUND 18000 INTERNATIONAL BLVD SUITE 350 SEATAC WA 98188 910460483 2097 PART I-A, LINE 1: THE CREDIT UNIONS ONLY INDIRECT POLITICAL CAMPAIGN ACTIVITY IS A CONTRIBUTION TO THE CREDIT UNION LEGISLATIVE ACTION COMMITTEE. X 1 1 X X X 0 0 0 DANIEL LEFREE PRESIDENT/CEO/TREASURER 208485 0 0 0 13900 0 18321 0 16967 0 257673 0 0 0 NICOLE LOUGHEED EXECUTIVE VICE PRESIDENT/CFO 123037 0 150 0 10071 0 12195 0 18224 0 163677 0 0 0 PART I, LINE 1A DIRECTORS, SUPERVISORY COMMITTEE MEMBERS AND SENIOR MANAGEMENT MAY BE REIMBURSED FOR SPOUSAL TRAVEL. THE REIMBURSEMENT IS INCLUDED IN THEIR TAXABLE COMPENSATION. CASH TRANSFERRED ON MERGER 2025-10-01 4200672 501(C)(14) 910659059 HARBORSTONE CREDIT UNION PO BOX 4207 TACOMA WA 98438 501(C)(14) LOANS AND RECEIVABLES TRANSFERRED ON MERGER 2025-10-01 109950377 ACTUAL COST 910659059 HARBORSTONE CREDIT UNION PO BOX 4207 TACOMA WA 98438 501(C)(14) NET FIXED ASSETS AND LAND TRANSFERRED ON MERGER 2025-10-01 10250506 ACTUAL COST 910659059 HARBORSTONE CREDIT UNION PO BOX 4207 TACOMA WA 98438 501(C)(14) PREPAIDS TRANSFERRED ON MERGER 2025-10-01 491708 ACTUAL COST 910659059 HARBORSTONE CREDIT UNION PO BOX 4207 TACOMA WA 98438 501(C)(14) INVESTMENTS TRANSFERRED ON MERGER 2025-10-01 64716514 ACTUAL COST 910659059 HARBORSTONE CREDIT UNION PO BOX 4207 TACOMA WA 98438 501(C)(14) INTANGIBLES TRANSFERRED ON MERGER 2025-10-01 214556 ACTUAL COST 910659059 HARBORSTONE CREDIT UNION PO BOX 4207 TACOMA WA 98438 501(C)(14) OTHER ASSETS TRANSFERRED ON MERGER 2025-10-01 1136404 ACTUAL COST 910659059 HARBORSTONE CREDIT UNION PO BOX 4207 TACOMA WA 98438 501(C)(14) ACCOUNTS PAYABLE AND LOANS TRANSFERRED ON MERGER 2025-10-01 -5083446 ACTUAL COST 910659059 HARBORSTONE CREDIT UNION PO BOX 4207 TACOMA WA 98438 501(C)(14) OTHER LIABILITIES TRANSFERRED ON MERGER 2025-10-01 -164176726 ACTUAL COST 910659059 HARBORSTONE CREDIT UNION PO BOX 4207 TACOMA WA 98438 501(C)(14) 1 1 0 0 1 1 1 1 0 PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: DANIEL LEFREE AND NICOLE LOUGHEED WILL CONTINUE TO BE EMPLOYED BY HARBORSTONE CREDIT UNION POST MERGER.THE FOLLOWING BOARD MEMBERS WILL HAVE ROLES AT HARBORSTONE CREDIT UNION POST MERGER:-FRANK WORDEN AS A NON-VOTING ASSOCIATE BOARD MEMBER FORM 990, PART I, LINE 6 VOLUNTEERS SERVE ON THE CREDIT UNION'S SUPERVISORY COMMITTEE. THE SUPERVISORY COMMITTEE REVIEWS VARIOUS OPERATIONS OF THE CREDIT UNION TO ENSURE COMPLIANCE WITH THE CREDIT UNION'S POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS 11,027 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERS ELECT ALL MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ENTITY HAS MEMBERS WHO HAVE RIGHTS TO RATIFY DECISIONS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CEO, DIRECTOR OF FINANCE AND THE BOARD OF DIRECTORS. THE FORM IS APPROVED BY THE CEO. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS AND COMMITTEE MEMBERS ARE REQUIRED TO SIGN AN OATH OF OFFICE ANNUALLY WHICH INCORPORATES A CONFLICT OF INTEREST STATEMENT. IF A CONFLICT OF INTEREST ARISES THE CREDIT UNION WILL CONSULT WITH LEGAL COUNSEL REGARDING POTENTIAL CONFLICTS OF INTEREST, AND WILL DISENGAGE FROM TRANSACTIONS OR ARRANGEMENTS THAT ARE DETERMINED TO BE CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 AT LEAST ANNUALLY THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE CEO'S COMPENSATION. CEO SETS OFFICER SALARIES BASED ON INDUSTRY SURVEY AND PEER COMPARISON. COMPENSATION IS MEASURED AGAINST INDUSTRY METRICS, SUCH AS THOSE PUBLISHED BY CUES AND CALLAHAN, AS WELL AS LOCAL METRICS GATHERED BY THE CREDIT UNION. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT THEIR ANNUAL MEETING. FORM 990, PART XI, LINE 9: NET ASSET MERGED INTO HARBORSTONE CREDIT UNION -21,700,565.