It is exciting to be a part of the rapid

growth Lewis Clark Credit Union has

experienced over the last couple of

years. Our unprecedented progress

couldn’t have been achieved without

YOU, our LCCU team. By LCCU team

I mean all of us, our hard-working

staff, our talented Board of Directors,

our loyal Supervisory Committee,

and our dedicated Members.

Together with our belief in LCCU,

we are outpacing our peers in growth

and building the Credit Union’s net

worth foundation. Our high loan to

share ratio allows us to offer members

higher savings dividend rates and

lower loan interest rates.

Currently, our five branch offices

serve nearly 13,000 members. One

of the key components of our growth

was the successful merger with

Clearwater Credit Union in Lewiston.

This merger increased our financial

strength, enabling us to offer

improved services to all members.

Our focus is your future.

I am honored and humbled to share

that in our recent member survey,

95% of our members stated: “LCCU is

my favorite place to do my banking”.

In addition, nine out of ten members

reported that they are greeted

courteously, we offer the services

they need, and they are proud to

be LCCU members. Providing

convenient, value-oriented, quality

products and services, delivered

with exceptional member service,

continues to be our top priority.

We believe that this commitment

to our membership will continue

to allow us to be our members’

favorite financial institution.

LCCU is actively involved in over

a dozen charitable events and

organizations. Over the last two

years alone, we have donated

nearly $100,000 to local charities,

organizations and community

events. Our philosophy of giving

back makes me feel especially

honored to be a part of the LCCU

family. I have always loved this quote

by Winston Churchill “We make a

living by what we get, but we make

a life by what we give.” At LCCU we

give back not only by helping our

members build a strong financial

future but also through of our com-

mitment to helping our community.

As we transition into a new year,

I would like to say a “Thank You!”

to our amazing staff. Their hard work

providing outstanding service to our

ever-growing membership is

applaudable. I am continually

impressed by their dedication to

serving members and our

community in meaningful ways.

Whether it’s advising a member on

ways to strengthen their credit score,

volunteering for a community

project, or simply performing an act

of kindness, our staff goes above and

beyond each and every day.

I’d also like to recognize and thank

our volunteer Board of Directors and

Supervisory Committee who have

dedicated countless hours to our

Credit Union. It is largely because of

them that LCCU runs smoothly and

positions itself for continued growth.

Lastly, we wouldn’t be LCCU without

YOU, our members. Thank you

for trusting us with your financial

future. We are proud to be your

favorite financial institution.

Together we not only make our

Credit Union a stronger organization,

but we make our community a better

place to live and work!

Kindest regards,

Trisha Baker, President/CEO

ANNUAL REPORT2017

A LETTER FROM THE PRESIDENT/CEOTrisha Baker“Growth is never by mere chance; it is the result of forces working together”. –James Cash Penney

lccu@lewisclarkcu.org | lewisclarkcu.org | 208-746-7233 You

INCOME & EXPENSES

INCOME 2016 2017

From Loans $3,389,211.92 $3,811,629.29

From Investments $124,043.42 $206,623.20

Fee Income $696,992.84 $863,997.89

Misc. Income $ 805,811.57 $881,339.19

TOTAL INCOME: $5,016,059.75 $5,763,589.57

EXPENSES

Salaries $1,307,680.60 $1,417,552.95

Benefits $524,060.58 $529,066.12

Travel and Conference $38,350.93 $81,790.41

Association Dues $34,905.36 $33,539.68

Office Occupancy $183,945.30 $195,688.89

Office Operations $886,644.01 $1,120,163.21

Education/Promotion $236,719.86 $290,020.95

Loan Servicing $291,378.47 $386,529.16

Prof/Outside Services $303,376.04 $177,004.30

Provision for Loan Loss $295,000.00 $405,000.00

Operating Fee $15,381.32 $16,715.00

Annual Meeting $3,487.46 $3,660.00

Misc Operating Expense $202,064.67 $103,143.04

Interest/Borrowed Funds $39.56 $279.63

TOTAL OPERATING EXP: $4,323,034.16 $4,760,153.34

NON-OPERATING INCOME:

$(13,212.80)

$(8,720.00)

GAIN/LOSS SALE OF ASSET:

$(154,224.50) $115.00

NET PROFIT: $525,588.29 $994,831.23

DISTRIBUTION NET PROFIT

Dividends Paid $341,377.80

$473,371.43

NET GAIN: $184,210.49 $521,459.80

BALANCE SHEET

ASSETS 2016 2017

Loans $64,488,988.59 $74,487,712.16

- Allowance for Loan Loss $558,628.08 $570,547.70

Net Loans $63,930,360.51 $73,917,164.46

Cash $2,107,581.27 $1,546,656.37

Investments

Catalyst Corporate $11,381,253.33 $5,676,064.27

Other Investments $10,044,937.00 $10,995,000.00

NCUSIF $765,181.74 $853,599.29

ASI Reserve $280,608.38 -

Land and Buildings $1,907,283.63 $1,837,491.87

Furniture and Fixtures $69,520.93 $37,562.62

Data Processing Equipment $131,025.41 $167,249.07

All Other Assets $1,343,583.03 $3,420,686.79

TOTAL ASSETS: $91,961,335.23 $98,451,474.74

LIABILITIES/EQUITY

Accounts Payable $465,916.71 $99,105.98

Other Liabilities $100,997.01 $88,727.73

Regular Shares $38,548,261.80 $41,078,667.35

Share Drafts $15,840,402.16 $16,708,505.70

Money Market $10,422,149.42 $12,126,892.53

Share Certificates $16,237,733.99 $16,963,119.32

IRA's $2,934,978.90 $3,206,357.13

Regular Reserves $1,432,164.93 $607,473.33

Other Comp Income $(917,670.75) $(640,033.99)

Merger Equity $468,778.00 $1,735,060.65

Undivided Earnings $6,427,623.06 $6,477,599.01

TOTAL LIABILITIES/ EQUITY: $91,961,335.23 $98,451,474.74

It is my pleasure to report

that 2017 was on trend with

2016 and continued to be

a prosperous year for Lewis

Clark Credit Union. The

continued growth we saw

in loans, assets and

membership was a result of

the decisions made by our

dedicated Board of Directors

and the trust granted to us

by our members. The merger

with Clearwater Credit

Union and the opening of

new branch offices proved

to be positive for the

organization and has opened

membership opportunities

to many more throughout

our communities.

I am profoundly proud

of LCCU’s continued

involvement with

community organizations

as well. Our staff, board and

members gave hundreds

of hours of their time

participating in activities

and events that touched

the lives of hundreds of

community members.

Varied organizations from

the Boys & Girls Club to The

Jackson Baldwin Foundation

to the Children’s Miracle

Network were recipients

of time, money and effort

from LCCU volunteers. It’s

heartwarming to see LCCU

take such pride in our

community.

In 2017, the Board of

Directors spent time with

management to plan for the

Credit Union’s future,

and we look forward to

implementing our ideas

which will benefit every

member. I truly appreciate

all the time and effort the

dedicated, volunteer Board

of Directors spend to ensure

the Credit Union continues

to grow, reach our financial

goals and remains a place

where members can go

for solid financial support.

I also want to extend a

special thank you to our

Supervisory Committee for

all of their hard work and

dedication too. Our Credit

Union wouldn’t be strong

without a strong Board of

Directors and Supervisory

Committee - so many

thanks to each and every

one of them!

The dedicated staff at

every one of our branches

deserves a big thank you

as well. They work each day

to make sure our members

receive outstanding service

and are able to reach their

financial goals.

And of course, LCCU

wouldn’t exist without

our members, so thank

YOU for your loyalty and

your continued trust in us!

Sherri Kumm, Chair

CHAIRMAN’S REPORT

The Supervisory Committee acts as a steward on behalf

of all Credit Union members and met monthly during

2017. The Supervisory Committee is tasked with

reviewing Credit Union operations, evaluating internal

controls, evaluating the Credit Union’s financial condition,

and making sure all federal and state regulations,

procedures, and policies are properly followed as

defined by the Idaho Department of Finance and the

National Credit Union Administration (NCUA).

One of the most important functions of the Supervisory

Committee is to oversee an annual audit of the Credit

Union’s financial condition and internal accounting

procedures. The accounting firm of Eide Bailly, Inc. of

Boise, Idaho, completed an annual audit during 2017 and

reported the Credit Union to be in good financial condition

and operating in compliance with state and federal laws.

The Idaho Department of Finance performed a regularly

scheduled safety and soundness examination in April 2017.

It is the opinion of the Supervisory Committee that the

policies established by the Board of Directors contribute

to sound management practices, and Credit Union staff

and management are operating effectively, efficiently

and in a manner consistent with safeguarding the

membership’s interests.

The committee is appointed by the Board of Directors and

is comprised entirely of volunteers from the membership.

If you are interested in serving on the Supervisory

Committee, please contact Trisha Baker.

The Supervisory Committee thanks all members and

others who have devoted time and effort to the success

of Lewis Clark Credit Union. Any member with concerns

about the Credit Union is encouraged to contact anyone

on the Supervisory Committee.

Heather Marshall, ChairKaty Miller, Committee MemberLaDana Sarbacher, Committee Member

With commitment and service to our members, we granted 4,036 loans totaling $37,890,963. As of December 2017,

we ended the year with $74,487,712 in outstanding loans, an increase of 15.50% over 2016 and $90,083,542 in outstanding

savings accounts, an increase of 7.26% over 2016. We grew to 12,856 members, an increase of 5.71% throughout our offices in

Lewiston, Orofino, Clarkston and Pomeroy. We incurred net loan losses of $301,960 for 2017. However, we had a net income

gain for 2017 of $521,460.

During 2017, the Credit Union continued to remain financially strong and was able to meet the financial and service needs of

our members. The financial growth and strength of Lewis Clark Credit Union is a testament to the loyalty and support that you,

our members, show us each year. We are positive the Credit Union will remain strong and growing for many years to come with

your continued support.

Mike McAllister, Secretary-Treasurer

TREASURER’S REPORT

SUPERVISORY COMMITTEE REPORT

Sherri Kumm (incumbent)

Sherri was born and raised in Lewiston, graduated

from Lewiston High School and attended

Lewis-Clark State College. Before taking her current

job at DC Wellness in Clarkston, Sherri worked as

a receptionist at Chipman & Taylor Auto for many

years. She also owned and operated the UPS Store

for 10 years and worked in the Title 1 Room at

Clarkston School District for eight years. Sherri

and her husband John have two adult daughters and four grandchildren.

They enjoy spending time outdoors and with their families.

Mike McAllister (incumbent)Mike is a graduate of Gonzaga University and holds

a degree in Public Accounting and has been a CPA

since 1990. He worked for Potlatch Corporation for

over 32 years, 20 years as an accountant and the

last 12 years in operations management, before

retiring in 2007. He has been a member of

several associations and boards, with one of the

most gratifying being Northwest Children’s Home

where he served as a board member for seven years and chairman for

one year. Mike and his wife have three adult daughters. He enjoys golfing,

hunting, fishing, woodworking, and playing with his grandkids.

Roberta (Bobbi) Samuels (incumbent)Bobbi has lived in Orofino since 1979 and works at

Hanson Garage as a secretary–bookkeeper since

1988. She and her husband Bill have been married

for 42 years and love their four-legged children

(cats). Bobbi has been on LCCU’s Board of Directors

for more than 12 years, is a member of the Orofino

Chamber of Commerce, and was the assistant

manager for Orofino Celebrations (Lumberjack

Days) for more than 17 years. She also was on the Orofino Community

Theatre board and participated in several productions.

Volunteer Board of DirectorsSherri Kumm, Chair

Jim Jenkins, Vice Chair

Mike McAllister, Secretary-Treasurer

Bobbi Samuels, Director

Mike Moehrle, Director

Rebecca Sarmiento, Director

Katy Miller, Director

Volunteer Supervisory CommitteeHeather Marshall, Chair

Katy Miller, Committee Member

LaDana Sarbacher, Committee

Member

MEET OUR PEOPLE

BOARD OF DIRECTORS CANDIDATES

Lewiston Main BranchTrisha Baker, President/CEO

Chad Smith, CFO

Amanda Nixon, Compliance/HR Coordinator

Rebecca Garner, Accounting Specialist

Gail Harrington, Accounting Specialist

Samantha Scott, Loan Manager

Michelle Hansen, Loan Officer

Chelsie Lehman, Loan Officer

Michelle Eberhardt, MSR Supervisor

Ashley Hart, New Accounts Specialist

Krystle Monda, Member Service Representative

Jacci Woollett, Member Service Representative

Ashlee Wilks, Member Service Representative

Karlee Picard, Member Service Representative

Orofino BranchRyan Smathers, Branch Manager

Ashlee Diffin, Loan Officer

Emily Simmons, Member Service Representative

Danelle Pederson, Member Service Representative

Malia Erlewine, Member Service Representative

Clarkston BranchSierra Fridley, Branch Manager

Mary Light, Manager Information Technology

Tarina Taylor, MSR Lead

Jennifer LaFord, New Accounts Specialist

Debra Harris, Back-Office Support Specialist

Chris Merritt, Member Service Representative

Jerrie Davidson, Member Service Representative

Pomeroy BranchAshley Dixon, Branch Manager

Sherrie Ledgerwood, Member Service Representative

Rochelle Williams, Member Service Representative

Clearwater BranchNoelle Shore, Branch Lead

Kristi Parks, Loan Officer

Charley Bierman, Member Service Represenative

Elizabeth Stamper, Member Service Representative

Michael Reyes, Member Service Representative

Justina Tackett, Member Service Representative

Chelsey Patterson, Loan Support Specialist

CREDIT UNION TEAM MEMBERS