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Nonprofiteer
← POTLATCH NO 1 FEDERAL CREDIT UNION

Form 990 for tax year 2022

Filed by POTLATCH NO 1 FEDERAL CREDIT UNION.

Totals

Total revenue
$101,119,936
Total expenses
$88,932,937
Contributions and grants received
$0
Grants paid
$1,048,841
Program service revenue
$92,340,767
Investment income
$8,892,353
Other revenue
-$113,184
Total assets, end of year
$2,025,490,365
Total liabilities, end of year
$1,905,319,019
Net assets or fund balances, end of year
$120,171,346
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • CHRISTOPHER LOSETH

    PRESIDENT/CEO

    Total calculated
    $2,744,551
    From this org
    $2,140,116
    From related orgs
    $0
    Other
    $604,435
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,503,784
    Bonus
    $0
    Other
    $636,332
    Deferred
    $562,874
    Nontaxable benefits
    $41,561
    Filer's total
    $2,744,551

  • CRAIG EMERSON

    CHIEF FINANCIAL OFFICER

    Total calculated
    $1,405,873
    From this org
    $891,165
    From related orgs
    $0
    Other
    $514,708
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $466,922
    Bonus
    $0
    Other
    $424,243
    Deferred
    $500,075
    Nontaxable benefits
    $14,633
    Filer's total
    $1,405,873

  • BETTY BARNES

    SENIOR VP OF CREDIT ADMINISTRATION

    Total calculated
    $556,530
    From this org
    $230,177
    From related orgs
    $0
    Other
    $326,353
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $223,710
    Bonus
    $6,467
    Other
    $0
    Deferred
    $314,554
    Nontaxable benefits
    $11,799
    Filer's total
    $556,530

  • TROY SANDVICK

    CHIEF DATA OFFICER

    Total calculated
    $518,638
    From this org
    $415,930
    From related orgs
    $0
    Other
    $102,708
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $415,930
    Bonus
    $0
    Other
    $0
    Deferred
    $87,265
    Nontaxable benefits
    $15,443
    Filer's total
    $518,638

  • PATTI MESHISHNEK

    EVP/CLO (THRU 8/22)

    Total calculated
    $449,773
    From this org
    $427,319
    From related orgs
    $0
    Other
    $22,454
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $427,319
    Bonus
    $0
    Other
    $0
    Deferred
    $15,250
    Nontaxable benefits
    $7,204
    Filer's total
    $449,773

  • MICHAEL VOGELER

    CHIEF OPERATIONS OFFICER

    Total calculated
    $409,205
    From this org
    $322,213
    From related orgs
    $0
    Other
    $86,992
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $322,213
    Bonus
    $0
    Other
    $0
    Deferred
    $79,500
    Nontaxable benefits
    $7,492
    Filer's total
    $409,205

  • CLINTON JOHNSON

    VICE PRESIDENT OF DATA & ANALYTICS

    Total calculated
    $380,668
    From this org
    $236,615
    From related orgs
    $0
    Other
    $144,053
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,860
    Bonus
    $6,755
    Other
    $0
    Deferred
    $130,884
    Nontaxable benefits
    $13,169
    Filer's total
    $380,668

  • BRENT GIFFORD

    CHIEF INFORMATION OFFICER

    Total calculated
    $370,657
    From this org
    $326,741
    From related orgs
    $0
    Other
    $43,916
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $326,741
    Bonus
    $0
    Other
    $0
    Deferred
    $30,747
    Nontaxable benefits
    $13,169
    Filer's total
    $370,657

  • NATHANAEL NORMAN

    VP OF INFORMATION TECHNOLOGY

    Total calculated
    $305,137
    From this org
    $200,790
    From related orgs
    $0
    Other
    $104,347
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,145
    Bonus
    $5,645
    Other
    $0
    Deferred
    $95,757
    Nontaxable benefits
    $8,590
    Filer's total
    $305,137

  • JANA ERNY

    CHIEF EXPERIENCE OFFICER

    Total calculated
    $288,359
    From this org
    $286,178
    From related orgs
    $0
    Other
    $2,181
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $286,178
    Bonus
    $0
    Other
    $0
    Deferred
    $2,181
    Nontaxable benefits
    $0
    Filer's total
    $288,359

  • PAUL MCCALL

    CONTROLLER

    Total calculated
    $280,863
    From this org
    $173,046
    From related orgs
    $0
    Other
    $107,817
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,299
    Bonus
    $4,747
    Other
    $0
    Deferred
    $94,632
    Nontaxable benefits
    $13,185
    Filer's total
    $280,863

  • RICHARD PAIGE

    CHIEF STRATEGY & LENDING OFFICER

    Total calculated
    $255,684
    From this org
    $241,339
    From related orgs
    $0
    Other
    $14,345
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $241,339
    Bonus
    $0
    Other
    $0
    Deferred
    $9,158
    Nontaxable benefits
    $5,187
    Filer's total
    $255,684

  • DENNIS JANIKOWSKI

    SENIOR VICE PRESIDENT OF LENDING

    Total calculated
    $249,711
    From this org
    $232,337
    From related orgs
    $0
    Other
    $17,374
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $225,577
    Bonus
    $6,760
    Other
    $0
    Deferred
    $8,257
    Nontaxable benefits
    $9,117
    Filer's total
    $249,711

  • DAVID LUMLEY

    BUSINESS SALES REPRESENTATIVE

    Total calculated
    $224,815
    From this org
    $174,079
    From related orgs
    $0
    Other
    $50,736
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,178
    Bonus
    $4,901
    Other
    $0
    Deferred
    $39,736
    Nontaxable benefits
    $11,000
    Filer's total
    $224,815

  • DOUGLAS MUSHLITZ

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • TARA LEER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • TOM PFLIGER

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • MICHELLE BLY

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • JERRY CUMMINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • KYLE MORSCHEK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • TOD DICKESON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • WANDA KEEFER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • BRETT KINZER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • GORDON LAURIE

    DIRECTOR (THRU 8/22)

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4B
SPLIT DOLLAR LIFE INSURANCE: THE CREDIT UNION HAS MADE LOANS FOR LIFE INSURANCE PREMIUM PAYMENTS TO MEMBERS OF MANAGEMENT. THE LOANS ARE COLLATERALIZED BY THE ASSIGNMENT OF THE POLICY DEATH BENEFITS AND CASH VALUES, OF EACH RESPECTIVE LIFE INSURANCE POLICY. THE POLICIES ARE OWNED BY THE EXECUTIVES AND THE EXECUTIVES HAVE THE RIGHT TO NAME THE BENEFICIARIES FOR AMOUNTS NOT SECURED BY THE ASSIGNMENTS. THE LOAN ARRANGEMENTS INCLUDE A RECOURSE PROVISION WHEREBY THE EXECUTIVE, THEIR ESTATE, HEIRS, OR BENEFICIARIES SHALL PAY ANY REMAINING OUTSTANDING BALANCE ON THESE PLANS IF THE EXECUTIVE WERE TO BE TERMINATED WITH OR WITHOUT CAUSE. 457(F) PLAN: THE CREDIT UNION HAS A NONQUALIFIED DEFERRED COMPENSATION PLAN (457(F) PLAN) FOR SELECT MEMBERS OF MANAGEMENT. UNDER THE TERMS OF THE PLANS, THE PARTICIPANTS ARE ENTITLED PRE-DETERMINED AMOUNTS BASED ON YEARS OF SERVICE ACHIEVEMENTS. THE FOLLOWING EMPLOYEES RECEIVED CONTRIBUTIONS TO THE 457(F) PLAN DURING 2022: CHRISTOPHER LOSETH - $506,624 CRAIG EMERSON - $341,084 CLINTON JOHNSON - $62,651 NATHANAEL NORMAN - $49,896 BETTY BARNES - $60,033 PAUL MCCALL - $45,226 THE FOLLOWING EMPLOYEES RECEIVED DISTRIBUTIONS FROM THE 457(F) PLAN DURING 2022: CHRISTOPHER LOSETH - $636,332 CRAIG EMERSON - $424,243

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202343119349303574

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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