2024-11-26T11:03:31-06:00 2023-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2023-01-01 820262758 FREEDOM NORTHWEST CREDIT UNION FREE 2089350277 PO BOX 68 KAMIAH ID 83536 DON C BELISLE CFO 2089350277 2024-11-26 1 0 BRANDON WILSON P02447970 2482443000 2024-11-15 2023 2024-10-15 13:58:12Z GREGORY S GARRET 303 MAIN STREET KAMIAH ID 83536 42052512 0 X WWW.FNWCU.ORG X 1963 ID STATE CHARTERED CREDIT UNION 7 7 59 10 58691 0 296782 0 25211889 31272234 1551169 4506567 49371 0 27109211 35778801 160160 150365 0 0 4356719 4757355 0 0 0 9370523 19060427 13887402 23968147 13221809 11810654 497919829 613960024 454261172 557677680 43658657 56282344 PROMOTING THE FINANCIAL WELL-BEING OF MEMBERS BY PROVIDING LOAN AND SAVINGS SERVICES AT COMPETITIVE RATES. 0 0 SAVINGS, LOANS, AND INVESTMENTS 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 4882 0 1 59 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 X FREEDOM NORTHWEST CREDIT UNION 2089350277 303 MAIN STREET KAMIAH ID 83536 TINA ULMER BOD DIRECTOR 1.00 X 0 0 0 BETTY CLONIGER BOD DIRECTOR 1.00 X 0 0 0 CARMON HENRY BOD DIRECTOR 1.00 X 0 0 0 RODNEY KROGH BOD VICECHAIRPERSON 1.00 X 0 0 0 ADAM MCMURTRIE BOD TREASURER 1.00 X 0 0 0 KEVIN STEERE BOD CHAIRPERSON 1.00 X 0 0 0 DAN TRANKLE BOD SECRETARY 1.00 X 0 0 0 GREGORY S GARRETT CEO 40.00 X 398727 0 32904 JAMES DAVY CIO 40.00 X 132771 0 11730 CHAD N SMITH CLO 40.00 X 159604 0 19356 DON C BELISLE CFO 40.00 X 184500 0 20850 CINDY CHILDERS COO 40.00 X 107625 0 15293 DAN MCFETRIDGE LOAN OFFICER 40.00 X 234300 0 23838 ARA LYCAN LOAN OFFICER 40.00 X 103471 0 15988 TYLER PRESBY LOAN OFFICER 40.00 X 103000 0 15960 1423998 0 155919 8 0 1 0 SIGN CRAFTERS INC 1006 16TH AVE LEWISTON ID 83501 SIGNAGE & ADVERTISING 219978 COMPUTER MARKETING CORPORATION 8520 S SANDY PARKWAY SANDY UT 84070 CORE SYSTEM 196656 TLN CONSTRUCTION 927 LINDEN AVE LEWISTON ID 83501 CONSTRUCTION 185614 LOOMIS DEPT CH 10500 PALATINE IL 600550500 CASH DELIVER/VAULT 104582 4 LOANS TO MEMBERS 522100 27688832 27688832 FEES, CHARGES, OTHER INCOME 522100 3524711 3524711 FINANCE AND INSURANCE 520000 55453 55453 REAL ESTATE AND RENTAL AND LEASIN 540000 3238 3238 31272234 4145574 4145574 5902794 731910 5800596 473115 102198 258795 360993 360993 35778801 31574536 58691 4145574 X 115365 35000 1083360 2683354 705939 284702 87432 47478 251424 148849 1009771 124563 112555 8864 15458421 376294 169305 CREDIT/DEBIT CARD EXPEN 734895 MISCELANOUS EXPENSE 245334 PROVISION FOR LOAN LOSS 112000 LOAN SERVICING 103950 69292 23968147 27019384 2024625 56870117 41374762 60871 10318560 11310762 389420373 448407999 654287 1054130 11668682 3251386 8682648 8417296 90663993 3556800 4954460 7088786 497919829 613960024 7216842 3828624 25500000 72400000 421544330 481449056 454261172 557677680 X 0 0 0 0 43658657 56282344 43658657 56282344 497919829 613960024 11810654 813033 0 X X 0 1 X 1 0 1494933 1494933 6431454 1217029 5214425 3742295 2034357 1707938 8417296 MEMBER SHARES 33741185 NON-MEMBERS DEPOSITS 110278071 SHARE CERTIFICATES 87290959 MONEY MARKET ACCOUNTS 32698683 IRA CERTIFICATES 6340010 IRA SHARES 1648523 AGENCY PASS-THROUGH AND INSTITUTIONAL CDS 99947244 SHARE DRAFTS 35857216 AGENCY PASS-THROUGH MONEY MARKET DEPOSITS 73647165 481449056 X 35778801 0 35778801 0 35778801 23968147 0 23968147 0 23968147 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. 1 CLEARWATER VALLEY JRSR HIGH SCHOOL 4643 ID-13 KOOSKIA ID 83539 29885 0 CONTRIBUTIONS IN SUPPORT LOCAL SCHOOL CLEARWATER VALLEY ROUNDUP ASSOCIATION 2212 HILL STREET KAMIAH ID 83536 800655208 6000 0 CONTRIBUTION TO SUPPORT ASSOCIATION KAMIAH HIGH SCHOOL 711 9TH ST KAMIAH ID 83536 33560 0 CONTRIBUTIONS IN SUPPORT LOCAL SCHOOL 0 3 SCHOLARSHIPS 6 35000 FORM 990, SCH I, PART III SCHOLARSHIP ELIGIBILITY APPLIES TO ANYONE WHO IS GRADUATING FROM KAMIAH HIGH SCHOOL OR CLEARWATER VALLEY HIGH SCHOOL OR ITS EQUIVALENT IN THE KAMIAH/KOOSKIA AREA THIS YEAR. STUDENTS ARE ELIGIBLE TO WIN THIS AWARD IF THEY LIVE IN THE GEOGRAPHICAL BOUNDARIES OF THE KAMIAH/KOOSKIA SCHOOL DISTRICTS. ALL APPLICANTS WILL BE REVIEWED BY A COMMITTEE CONSISTING OF FREEDOM NORTHWEST EMPLOYEES, BOARD MEMBERS, AND COMMUNITY MEMBERS. THE APPLICANTS' NAMES WILL BE BLINDED FROM THE COMMITTEE DURING THEIR REVIEW OF THE APPLICATIONS AND ESSAYS. X X X 0 1 0 GREGORY S GARRETT CEO 300701 0 98026 0 0 0 19800 0 13104 0 431631 0 0 0 DAN MCFETRIDGE LOAN OFFICER 124917 0 109383 0 0 0 14058 0 9780 0 258138 0 0 0 DON C BELISLE CFO 182500 0 2000 0 0 0 11070 0 9780 0 205350 0 0 0 CHAD N SMITH CLO 157604 0 2000 0 0 0 9576 0 9780 0 178960 0 0 0 PART I, LINE 4B THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH A LOAN REGIME ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." THE PROMISSORY NOTE SIGNED BY EACH OF THE PARTICIPATING EXECUTIVES IS SECURED BY THE LIFE INSURANCE POLICIES PURCHASED ON EACH PARTICIPANT'S BEHALF. THAT IS, EACH EXECUTIVE'S LOAN FUNDS A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME UP TO THE PREMIUMS PAID INTO THE POLICIES. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S EXECUTIVE LOAN ORIGINATION VALUE PLUS THE STATED INTEREST. THESE LOANS WERE WRITTEN WITH RECOURSE. ANY REMAINING DEATH BENEFITS AFTER REPAYMENT OF THE LOANS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS PER THE CONTRACTUAL AGREEMENT. SEE SCHEDULE L CHAD N SMITH CLO SPLIT DOLLAR X 2043700 2060731 0 1 1 CINDY CHILDERS COO SPLIT DOLLAR X 942016 979611 0 1 1 DON C BELISLE CFO SPLIT DOLLAR X 2861200 2885043 0 1 1 GREGORY S GARRETT CEO SPLIT DOLLAR X 1478746 1537762 0 1 1 GREGORY S GARRETT CEO SPLIT DOLLAR X 6404550 3006922 0 1 1 JAMES DAVY CIO SPLIT DOLLAR X 808999 840693 0 1 1 11310762 FORM 990, SCH L, PART II THE CREDIT UNION PROVIDES SPLIT DOLLAR ARRANGEMENTS THAT INCLUDE AMOUNTS DUE FROM CURRENT EXECUTIVES, WHICH ARE PARTIALLY COLLATERALIZED BY THE CASH SURRENDER VALUE, ANNUITY, AND POLICY BENEFITS ASSOCIATED WITH LIFE INSURANCE CONTRACTS OWNED BY THE EXECUTIVES. THE SPLIT DOLLAR ARRANGEMENTS WERE ADVANCED IN CONNECTION WITH THE CREDIT UNION'S EXECUTIVE BENEFIT PLANS AND BEAR INTEREST AT STATUTORY RATES. FORM 990, PART VI, SECTION A, LINE 6 ALL DEPOSITORS ARE MEMBERS OF THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION ELECT THE BOARD OF DIRECTORS FROM THE GENERAL MEMBERSHIP AT THE ANNUAL MEETING EACH YEAR. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE CREDIT UNION RETAINS A THIRD PARTY CPA FIRM TO PREPARE FORM 990. A DRAFT OF THE RETURN IS REVIEWED BY THE CFO. ONCE ANY NECESSARY REVISIONS ARE MADE THE RETURN IS FILED. SUBSEQUENT TO FILING, A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE DISCUSSED WITH THE BOARD ON A REGULAR BASIS. ALL BOARD MEMBERS HAVE BEEN EDUCATED AS TO WHAT A CONFLICT OF INTEREST IS AND WILL REPORT ANY SUSPECTED CONFLICTS TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 FORMAL ANNUAL WRITTEN REVIEWS ARE CONDUCTED BY THE BOARD OF DIRECTORS FOR THE CEO. FORMAL REVIEWS OF OTHER OFFICERS AND MEMBERS OF THE MANAGEMENT TEAM ARE DONE BY THE CEO ON A REGULAR BASIS AND AS NEEDED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. QUARTERLY FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE NCUA WEBSITE VIA THE 5300 FILING. FORM 990, PART IX, LINE 11G OUTSIDE AND PROFESSIONAL SERVICES 251,424. FORM 990, PART IX, LINE 24E COLLECTION EXPENSE 69,292. FORM 990, PART XII, LINE 2C THE CREDIT UNION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.