2025-11-04T18:57:25-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2024-01-01 810208730 WHITEFISH CREDIT UNION ASSOCIATION WHIT 4068623525 300 BAKER AVENUE PO BOX 37 WHITEFISH MT 599370037 SCOTT BOLSTER SVP & CFO 4068623525 2025-10-31 1 1 EMINA O CRESSWELL P01217304 5097472600 2025-10-31 2024 2025-03-06 01:10:19Z JAMES KENYON 300 BAKER AVENUE PO BOX 37 WHITEFISH MT 599370037 90198406 0 X WHITEFISHCU.COM X 1934 MT TO PROVIDE LOANS AND SAVINGS TO MEMBERS. 7 7 244 12 21282 0 0 0 58609514 64822777 26199823 25341219 39593 32851 84848930 90196847 292645 306259 0 0 21359785 22944436 0 0 0 62899484 64687906 84551914 87938601 297016 2258246 2085209537 1946130425 1933776946 1795352097 151432591 150778328 TO PROVIDE A FAVORABLE RETURN ON SAVINGS AND LOANS AT REASONABLE RATES TO ELIGIBLE MEMBERS. 0 0 TO PROVIDE A FAVORABLE RETURN ON SAVINGS AND LOANS AT REASONABLE RATES TO ELIGIBLE MEMBERS. MEMBERSHIP IS RESTRICTED TO THOSE INDIVIDUALS RESIDING IN MONTANA COUNTIES OF FLATHEAD, LAKE, LINCOLN, SANDERS, BROADWATER, GALLATIN, LEWIS AND CLARK, MISSOULA AND RAVALLI, AND WITHIN A 50 MILE RADIUS OF WHITEFISH MONTANA. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 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 1 38369 0 1 244 1 1 1 0 0 0 0 0 1 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X SCOTT BOLSTER 4068623525 300 BAKER AVENUE PO BOX 37 WHITEFISH MT 599370037 FRANK BARNES BOARD CHAIRMAN 2.00 X X 0 0 0 SUE BROWN BOARD VICE CHAIRMAN 2.00 X X 0 0 0 LEO TRACY SECRETARY TREASURER 2.00 X X 0 0 0 LYLE PHILLIPS BOARD DIRECTOR 2.00 X 0 0 0 TOM CULLEN BOARD DIRECTOR 2.00 X 0 0 0 SHARON KAHLE BOARD DIRECTOR 2.00 X 0 0 0 FRANK GARNER BOARD DIRECTOR 2.00 X 0 0 0 JENNIFER D ARCHER SVP OF RETAIL & LOAN OPERATIONS 40.00 X 181263 0 20054 SCOTT BOLSTER SVP AND CHIEF FINANCIAL OFFICER 40.00 X 328867 0 73817 CORY J COOPMAN SVP OF IT AND PROJECT MANAGEMENT 40.00 X 209421 0 30751 STEPHEN W HAUGEN SVP AND CHIEF INFORMATION OFFICER 40.00 X 246648 0 81452 JAMES KENYON PRESIDENT AND CEO 40.00 X 1276177 0 549088 CHERYL MINTZ SVP OF HUMAN RESOURCES 40.00 X 189656 0 30246 COLLEEN M MURPHY SVP AND CHIEF OPERATIONS OFFICER 40.00 X 233461 0 71311 MATTHEW VENTURINI SVP OF LENDING 40.00 X 200941 0 30418 JOSHUA S WILSON SVP OF MARKETING 40.00 X 178784 0 29952 MOLLY DROLLINGER VP CONTROLLER 40.00 X 143852 0 13226 TIMOTHY GAERTNER VP, MORTGAGE LOAN MANAGER 40.00 X 145188 0 28855 SHANNON TOBIN COMMERCIAL LOAN MANAGER 40.00 X 146132 0 13439 KELLY S ST ONGE VP COMMERCIAL CREDIT OFFICER 40.00 X 194807 0 22629 BARBARA STROUSE VP MORTGAGE LOAN MANAGER 40.00 X 143582 0 3385 MICHAEL T BLUBAUGH INV. OFFICER (FORMER CFO) 25.00 X 121710 0 21016 3940489 0 1019639 26 1 1 0 MARTEL CONSTRUCTION 305 HIGHWAY 83 BIGFORK MT 59911 CONSTRUCTION CONTRACTOR 1604817 ALKAMI TECHNOLOGY DEPT 2223 PO BOX 122223 DALLAS TX 753122223 ONLINE BANKING 853180 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 SOFTWARE AND SERVICES 827188 OPTIV SECURITY INC 1144 15TH STREET SUITE 2900 DENVER CO 80202 SOFTWARE FOR SECURITY 755781 CUSHING TERRELL PO BOX 30071 BILLINGS MT 59107 ARCHITECTURE, ENGINEERING & DESIGN 686217 24 LOAN INTEREST 522291 62136159 62136159 CARD INTERCHANGE FEES 522100 1413667 1413667 FEE SERVICE INCOME 522100 1272951 1251669 21282 64822777 25342778 25342778 1559 -1559 -1559 -1559 OTHER OPERATING INCOME 523000 32851 32851 32851 90196847 64834346 21282 25341219 306259 4105031 12252979 1564869 3770715 1250842 141979 252175 853128 1453914 826563 2990199 1513908 128904 50846284 1428696 201812 LOAN SERVICING & OPERAT 1394151 PROVISION FOR LOAN LOSS 1253411 CARD EXPENSES 811686 DUES & SUBSCRIPTIONS 258062 333034 87938601 3523622 4160995 115056366 36161057 4766817 5228304 1253518516 1257287684 2131883 2367443 40440010 12632413 26132162 27807597 622891760 551373742 1296400 3501200 55892011 58242403 2085209537 1946130425 20940152 15976085 200000000 50000000 1712836794 1729376012 1933776946 1795352097 X 0 0 0 0 151432591 150778328 151432591 150778328 2085209537 1946130425 2258246 -2912509 0 X 0 1 X 1 0 5584041 5584041 25586781 5995642 19591139 9269188 6636771 2632417 27807597 MEMBER SAVINGS ACCOUNTS 1729376012 1729376012 X 89386721 1559 1559 89385162 811685 811685 90196847 87128475 1559 1559 87126916 811685 811685 87938601 PART X, LINE 2: THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION ON INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (AS DEFINED IN SECTION 512) DERIVED BY STATE-CHARTERED CREDIT UNIONS. THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY. IN THE OPINION OF MANAGEMENT, ANY LIABILITY ARISING FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSES IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATION. ACCOUNTING PRINCIPLES PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CREDIT UNION HAD NO UNRECOGNIZED TAX POSITIONS AT DECEMBER 31, 2024 OR 2023. IT IS THE CREDIT UNION'S POLICY TO RECORD ANY PENALTIES OR INTEREST ARISING FROM FEDERAL OR STATE TAXES AS A COMPONENT OF NONINTEREST EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS 1,559. PART XI, LINE 4B - OTHER ADJUSTMENTS: CREDIT CARD EXPENSE 811,685. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS 1,559. PART XII, LINE 4B - OTHER ADJUSTMENTS: CREDIT CARD EXPENSE 811,685. 1 WHITEFISH COMMUNITY FOUNDATION PO BOX 1060 WHITEFISH MT 59937 810533002 501(C)(3) 71000 0 COMMUNITY FOOD BANKS, LOCAL MUSEUM, AND SCHOOL EDUCATIONAL FUND LOGAN HEALTH 310 SUNNYVIEW LANE KALISPELL MT 59901 311703013 501(C)(3) 21000 0 SUPPORT FOR CHILDREN'S TOY DRIVE AND SUPPORT EMERGENCY RESCUE TEAM FLATHEAD LIVESTOCK SALE ORGANIZATION 15 DEPOT PARK KALISPELL MT 59901 923434029 501(C)(3) 10373 0 SUPPORT FOR ANNUAL FAIR BENEFITING LOCAL YOUTH WHITEFISH LEGACY PARTNERS PO BOX 1895 WHITEFISH MT 59937 200674119 501(C)(3) 10000 0 SUPPORT OF CONSERVATION OF LOCAL TRAIL FLATHEAD VALLEY COMMUNITY COLLEGE FOUNDATION 777 GRANDVIEW DRIVE KALISPELL MT 59901 810365752 501(C)(3) 9900 0 SCHOLARSHIPS AT LOCAL COMMUNITY COLLEGE NORTH LAKE PUBLIC LIBRARY FOUNDATION PO BOX 74 POLSON POLSON MT 59860 363814551 501(C)(3) 8000 0 SUPPORT LOCAL LIBRARY BOB MARSHALL WILDERNESS PO BOX 190688 HUNGRY HORSE MT 59919 311597921 501(C)(3) 7500 0 SUPPORT CONSERVATION OF LOCAL WILDERNESS AREA FLATHEAD VALLEY SKI EDUCATION FOUNDATION PO BOX 623 WHITEFISH MT 59937 237300629 501(C)(3) 6492 0 SUPPORT FOR YOUTH SKIING PARKSIDE CHARITABLE FOUNDATION INC 1300 BAKER AVE WHITEFISH MT 59937 863812911 501(C)(3) 5500 0 SUPPORT LOCAL SCHOOL PROGRAMS 9 0 PART I, LINE 2: THE SVP OF MARKETING MONITORS CHARITABLE DONATIONS. THE DONATIONS WERE MADE TO KNOWN LOCAL CHARITABLE ORGANIZATIONS AND THEREFORE NO FURTHER MONITORING IS DONE TO ENSURE THAT THE FUNDS ARE NOT USED OUTSIDE THE U.S. X X X 1 1 X 0 1 0 JAMES KENYON PRESIDENT AND CEO 602648 0 65320 0 608209 0 531820 0 17268 0 1825265 0 544390 0 SCOTT BOLSTER SVP AND CHIEF FINANCIAL OFFICER 277141 0 31670 0 20056 0 58401 0 15416 0 402684 0 0 0 STEPHEN W HAUGEN SVP AND CHIEF INFORMATION OFFICER 199750 0 28473 0 18425 0 56099 0 25353 0 328100 0 0 0 COLLEEN M MURPHY SVP AND CHIEF OPERATIONS OFFICER 188626 0 28190 0 16645 0 55895 0 15416 0 304772 0 0 0 CORY J COOPMAN SVP OF IT AND PROJECT MANAGEMENT 175130 0 22499 0 11792 0 5398 0 25353 0 240172 0 0 0 MATTHEW VENTURINI SVP OF LENDING 163008 0 27037 0 10896 0 5065 0 25353 0 231359 0 0 0 CHERYL MINTZ SVP OF HUMAN RESOURCES 157282 0 21801 0 10573 0 4893 0 25353 0 219902 0 0 0 KELLY S ST ONGE VP COMMERCIAL CREDIT OFFICER 172444 0 9307 0 13056 0 5361 0 17268 0 217436 0 0 0 JOSHUA S WILSON SVP OF MARKETING 150527 0 21389 0 6868 0 4599 0 25353 0 208736 0 0 0 JENNIFER D ARCHER SVP OF RETAIL & LOAN OPERATIONS 149760 0 21458 0 10045 0 4638 0 15416 0 201317 0 0 0 TIMOTHY GAERTNER VP, MORTGAGE LOAN MANAGER 113963 0 25198 0 6027 0 3502 0 25353 0 174043 0 0 0 SHANNON TOBIN COMMERCIAL LOAN MANAGER 138244 0 6821 0 1067 0 4190 0 9249 0 159571 0 0 0 MOLLY DROLLINGER VP CONTROLLER 129004 0 7525 0 7323 0 3977 0 9249 0 157078 0 0 0 MICHAEL T BLUBAUGH INV. OFFICER (FORMER CFO) 105049 0 0 0 16661 0 3748 0 17268 0 142726 0 0 0 PART I, LINE 1A THE CREDIT UNION PURCHASES SKI AND GOLF PASSES FOR EXECUTIVES, JAMES KENYON, SCOTT BOLSTER AND STEVE HAUGEN, AS WELL AS SOME SPOUSE TRAVEL TO NATIONAL CONFERENCES. THESE ARE A TAXABLE FRINGE BENEFIT TO THE RECIPIENT. THE ORGANIZATION ALSO COMPUTES GROSS-UP PAYMENTS RELATED TO THESE TAXABLE FRINGE BENEFITS. PART I, LINE 4B PRESIDENT AND CEO: $521,470 ACCRUAL AND $544,390 PAYOUT FROM THE 457F PLAN SVP AND CHIEF FINANCIAL OFFICER: $50,000 ACCRUAL OF 457(F) PLAN SVP AND CHIEF INFORMATION OFFICER: $50,000 ACCRUAL OF 457(F) PLAN SVP AND CHIEF OPERATING OFFICER: $50,000 ACCRUAL OF 457(F) PLAN COLLEEN M MURPHY SVP AND CHIEF OPERATIONS OFFICER PERSONAL LOAN X 326357 260181 0 1 1 CORY JAMES COOPMAN SVP OF IT & PROJECT MANAGEMENT PERSONAL LOAN X 650000 228018 0 1 1 FRANK BARNES BOARD DIRECTOR PERSONAL LOAN X 5000 615 0 1 1 JAMES A KENYON PRESIDENT & CEO PERSONAL LOAN X 2002150 1771954 0 1 1 JENNIFER DICIE ARCHER SVP OF RETAIL AND LOAN OPERATIONS PERSONAL LOAN X 998058 942516 0 1 1 JOSHUA S WILSON SVP OF MARKETING PERSONAL LOAN X 584580 197593 0 1 1 MATTHEW T VENTURINI SVP OF LENDING PERSONAL LOAN X 710000 692353 0 1 1 SCOTT T BOLSTER SVP AND CHIEF FINANCIAL OFFICER PERSONAL LOAN X 353066 41114 0 1 1 STEPHEN W HAUGEN SVP AND CHIEF INFORMATION OFFICER PERSONAL LOAN X 721012 668831 0 1 1 THOMAS CULLEN BOARD DIRECTOR PERSONAL LOAN X 600000 425129 0 1 1 5228304 FORM 990, PART VI, SECTION A, LINE 6 WHITEFISH CREDIT UNION ASSOCIATION HAS MEMBERS WHO ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A WHITEFISH CREDIT UNION HAS MEMBERS WHO ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B MEMBERSHIP APPROVES BOARD OF DIRECTORS DECISIONS AT THE ANNUAL MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE CFO IS CHARGED WITH REVIEWING THE FINAL FORM 990. THE CEO AND EACH BOARD MEMBER ARE PROVIDED WITH A COPY OF THE FORM 990 FOR THEIR SUBSEQUENT REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C WHITEFISH CREDIT UNION ASSOCIATION HAS A FULL TIME COMPLIANCE STAFF AND INTERNAL AUDIT STAFF WHO ARE RESPONSIBLE FOR MONITORING AND ENFORCING THE WRITTEN CONFLICT OF INTEREST POLICY. BOARD MEMBERS SIGN A CONFLICT OF INTEREST POLICY WHEN THEY JOIN THE BOARD IN WHICH THEY DISCLOSE CURRENT CONFLICTS AND AGREE TO INFORM THE BOARD OF ANY CONFLICTS THAT ARISE IN THE FUTURE. THE POLICY IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEES' POSITIONS ARE ASSIGNED A PAY GRADE WITHIN A 3RD PARTY APPLICATION, BALANCED COMPENSATION. THE CEO'S PAY GRADE WAS LAST REVIEWED WITH THE REST OF THE COMPANY'S PAY GRADES IN 2024. ALL SALARIES ARE THEN SUBJECT TO ANNUAL BOARD REVIEW AND APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE WHITEFISH CREDIT UNION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC IN A TIMELY MANNER UPON REQUEST. TO OBTAIN THIS INFORMATION, THE ORGANIZATION SHOULD BE CONTACTED DIRECTLY.