Credit Unions in the State of Washington

Filing Period

Jan 1, 2012 to Dec 31, 2012

Signed

Nov 11, 2013

Return Version

2012v2.1

Gross Receipts

$28,765,690

Mission

Major Activities

Activity 2

As of december 31, 2012, smcu had 41,262 members. These members participated in 23,398 of loans and 83,373 of deposit products. Smcu's loan offerings include a wide range of options from standard auto loans, mortgages and lines of credit, to more segmented products including motorcycles, classic cars, boats, recreational vehicles, and aircraft loans. Smcu has also recently extended its loan products to include business loans to qualified members. All loan products come in a variety of terms to provide payment options that best suit the membership's needs.

Activity 3

Members have the same variety of selection on the deposit side of the product line with offerings ranging from basic checking and savings accounts to iras, certificates, money markets and high yield accounts. Smcu also offers business accounts and investment services that are designed to maintain the member's best interest. As an advocate for its membership, smcu places a high priority on educational resources. As a result, smcu has invested in online applications to help members make decisions related to planning, borrowing, budgeting and protecting their credit. Life vision and mortgage advisor are two tools offered on personal finances and financial goals inputted by the member. Additionally smcu.com and smcu branches offer both electronic and printed information respectives from home and family finance on car buying, credit protection and budgeting. For those members who prefer to speak to someone in person, smcu provides free credit counseling through "balance," a financial fitness program that focuses on money management in addition to identity theft prevention and assistance.

Filer

EIN

91-0176215