Civic Intelligence

Verity Credit Union

990 • Fiscal year 2019 • EIN 91-0219005

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 05, 2020

Organization ProfileWWW.VERITYCU.COM

View Organization Page

11027 Meridian Avenue NorthSeattle, WA 98133

(800) 444-4589

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.91x

Higher debt load relative to assets than 87% of similar nonprofits.

2019 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2019

Liabilities / Revenue

52nd percentile

16.32x

Higher debt load relative to revenue than 52% of similar nonprofits.

2019 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2019

Net Margin

34th percentile

11%

Higher net margin than 34% of similar nonprofits.

2019 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2019

Top Officer Pay

51st percentile

$425,639

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2019 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2019

Asset Growth

61st percentile

7.9%

Faster asset growth than 61% of similar nonprofits.

2019 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Revenue Growth

84th percentile

15%

Faster revenue growth than 84% of similar nonprofits.

2019 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$632,831,218

Up $46,508,241 (+7.9%) from 2018

Net Assets

Up

$56,008,865

Up $5,601,989 (+11%) from 2018

Liabilities

Up

$576,822,353

Up $40,906,252 (+7.6%) from 2018

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin34th percentile

Revenue

Up

$35,340,037

Up $4,663,319 (+15%) from 2018

Expenses

Up

$31,432,617

Up $4,565,441 (+17%) from 2018

Net Income

Up

$3,907,420

Up $97,878 (+2.6%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0B$500M$0Assets 2010: $366,726,691Liabilities 2010: $336,606,099Net Assets 2010: $30,120,5922010Assets 2011: $383,448,460Liabilities 2011: $355,631,042Net Assets 2011: $27,817,4182011Assets 2012: $396,732,179Liabilities 2012: $362,738,225Net Assets 2012: $33,993,9542012Assets 2013: $427,238,627Liabilities 2013: $390,598,762Net Assets 2013: $36,639,8652013Assets 2014: $444,186,282Liabilities 2014: $403,214,185Net Assets 2014: $40,972,0972014Assets 2015: $480,799,813Liabilities 2015: $437,223,089Net Assets 2015: $43,576,7242015Assets 2016: $505,269,501Liabilities 2016: $460,801,657Net Assets 2016: $44,467,8442016Assets 2017: $530,157,055Liabilities 2017: $483,146,996Net Assets 2017: $47,010,0592017Assets 2018: $586,322,977Liabilities 2018: $535,916,101Net Assets 2018: $50,406,8762018Assets 2019: $632,831,218Liabilities 2019: $576,822,353Net Assets 2019: $56,008,8652019Assets 2020: $692,415,165Liabilities 2020: $632,921,587Net Assets 2020: $59,493,5782020Assets 2021: $786,265,441Liabilities 2021: $720,037,204Net Assets 2021: $66,228,2372021Assets 2022: $865,179,017Liabilities 2022: $793,586,208Net Assets 2022: $71,592,8092022Assets 2023: $840,507,603Liabilities 2023: $761,932,770Net Assets 2023: $78,574,8332023Assets 2024: $771,402,594Liabilities 2024: $699,545,795Net Assets 2024: $71,856,7992024

Highlighted filing

2019

Assets$632,831,218
Liabilities$576,822,353
Net Assets$56,008,865
Open 2019 Filing

Operations Trend

Revenue Growth84th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0Expenses 2010: $24,258,7342010Expenses 2011: $26,715,0012011Expenses 2012: $22,811,7872012Revenue 2013: $27,535,849Expenses 2013: $22,200,594Net Income 2013: $5,335,2552013Revenue 2014: $22,946,556Expenses 2014: $19,855,502Net Income 2014: $3,091,0542014Revenue 2015: $23,211,269Expenses 2015: $20,252,523Net Income 2015: $2,958,7462015Revenue 2016: $24,864,769Expenses 2016: $23,502,904Net Income 2016: $1,361,8652016Revenue 2017: $26,237,468Expenses 2017: $23,698,398Net Income 2017: $2,539,0702017Revenue 2018: $30,676,718Expenses 2018: $26,867,176Net Income 2018: $3,809,5422018Revenue 2019: $35,340,037Expenses 2019: $31,432,617Net Income 2019: $3,907,4202019Revenue 2020: $32,916,475Expenses 2020: $31,338,323Net Income 2020: $1,578,1522020Revenue 2021: $35,849,734Expenses 2021: $28,147,812Net Income 2021: $7,701,9222021Revenue 2022: $38,343,946Expenses 2022: $30,623,047Net Income 2022: $7,720,8992022Revenue 2023: $45,304,618Expenses 2023: $45,018,854Net Income 2023: $285,7642023Revenue 2024: $48,232,886Expenses 2024: $47,200,102Net Income 2024: $1,032,7842024

Highlighted filing

2019

Revenue$35,340,037
Expenses$31,432,617
Net Income$3,907,420
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 5, 2020
Return Version
2019v5.1
Gross Receipts
$36,919,859
Mission and Program Overview

Mission

A cooperative, organized for the purpose of promoting thrift and savings among its members, creating a source of credit for them at rates of interest set by the board of directors, and providing an opportunity for them to use and control their own money on a democratic basis in order to improve their economic and social conditions. As a cooperative, verity credit union conducts its business for the mutual benefit and general welfare of its members with the earnings, savings, benefits, or services of the credit union being distributed to its members as patrons.

A cooperation organized for the purpose of promoting thrift and savings among its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$462,034,433$496,229,236▲ $34,194,803
Investments in Publicly Traded Securities$72,514,651$59,944,945▼ $12,569,706
Rtn Earn Endowment Incm Other Fnds$50,406,876$56,008,865▲ $5,601,989
Savings and Temporary Cash Investments$15,833,540$33,525,056▲ $17,691,516
Land, Buildings, and Equipment, Net$11,246,756$9,649,648▼ $1,597,108
Cash and Non-Interest-Bearing Accounts$7,392,215$6,602,265▼ $789,950
Investments Other Securities$5,314,612$5,834,033▲ $519,421
Receivables From Officers Etc$2,781,440$2,874,049▲ $92,609
Accounts Receivable$1,499,379$1,579,894▲ $80,515
Prepaid Expenses and Deferred Charges$1,068,732$1,333,928▲ $265,196
Investments Program Related$88,420$138,900▲ $50,480
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$586,322,977$632,831,218▲ $46,508,241
Other Assets Total$6,548,799$15,119,264▲ $8,570,465
Liabilities
Other Liabilities$485,085,586$526,501,883▲ $41,416,297
Mortgage Notes Payable Secured by Investment Property$43,000,000$43,000,000→ $0
Accounts Payable and Accrued Expenses$7,830,515$7,320,470▼ $510,045
Total Liabilities$535,916,101$576,822,353▲ $40,906,252
Net Assets / Fund Balance
Total Net Assets Fund Balance$50,406,876$56,008,865▲ $5,601,989
Total Liabilities and Net Assets / Fund Balance$586,322,977$632,831,218▲ $46,508,241

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,819,404$4,614,679$8,434,083
Equipment$1,922,013$6,160,202$8,082,215
Leasehold Improvements$2,327,387$2,197,166$4,524,553
Land$949,524-$949,524
Other Land Buildings$631,320-$631,320
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John ZmolekChief Executive OfficerFT$328,887$96,752$425,639
Justin MartinExecutive Vice PresidentFT$210,042$39,572$249,614
Brad TanbergChief Financial OfficerFT$187,190$34,774$221,964
Tina NarronChief Lending OfficerFT$175,488$30,318$205,806
Jason HirlChief Technology OfficerFT$162,847$28,729$191,576
Heidi Wesley-clevelandChief Marketing OfficerFT$146,018$34,077$180,095
Ken ButlerDirector of Member ExperienceFT$52,252$113,269$165,521
John BennerDirector of Hr & TrainingFT$132,623$11,892$144,515
Joshua SidellDirector of Project ManagementFT$132,257$5,336$137,593
Angela LoweDirector of Hr & TrainingFT$123,068$11,510$134,578
Paul McjannetDirector of Project ManagementFT$114,198$17,741$131,939

Board Members and Trustees

NameTitle
Zachary GoseChairperson
Benjamin LundellVice Chairperson
CHRIS D'ABREAUBoard Member
Dan StrandyBoard Member
Dan YoungBoard Member
David PriestlyBoard Member
Evan GayBoard Member
Nancy WoodlandBoard Member
Anthony KusskeBoard Member (thru 04/19)
Trina VenardBoard Member (thru 10/19)
Karen HuntBoard Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Diebold IncorporatedAtm Repairs And MaintenancePO BOX 643543, Pittsburgh, PA 15264$275,193
Kaye-smithMailing ServicesPO BOX 956, Renton, WA 98057$234,761
Kasasa LtdReward Checking ServicesPO BOX 527, Lubbock, TX 79408$198,094
Experian Information Solutions INCCredit ReportingPO BOX 886133, Los Angeles, CA 90088$194,678
Hubbard RadioRadio AdvertisementsPO BOX 24952, Seattle, WA 98124$173,900
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$31,350,340
Investment Income
$3,169,859
Other Revenue
$819,838
Change in Net Assets
$3,907,420
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,741,233
Salaries, Compensation, and Employee Benefits$10,691,384
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$7,164,598
Interest---$3,714,829
Information Technology---$2,464,579
Office Expenses---$1,908,940
Current Officers, Directors, Trustees, and Key Employees---$1,474,691
Other Expenses---$1,330,775
Other Employee Benefits---$1,169,575
Advertising---$1,167,090
Occupancy---$1,042,421
Depreciation Depletion---$890,740
Payroll Taxes---$664,964
All Other Expenses---$630,586
Fees for Services Other---$553,756
Pension Plan Contributions---$217,556
Conferences and Meetings---$163,123
Insurance---$111,374
Fees for Services Accounting---$106,082
Travel---$82,479
Fees for Services Legal---$14,715
Total Functional Expenses$0$0$0$31,432,617
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$2,781,440$2,874,049▲ $92,609
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share and Deposits$526,501,883
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The credit union's members have rights to elect members of the governing body. The credit union's members also receive a share of the organization's profits in the form of cash dividends.”

Form 990, Part VI, Section A, Line 7A

“The governing board of verity credit union is comprised of volunteer members who are directly elected by its members. Each member of the governing board serves for a period as prescribed in our by-laws.”

Form 990, Part VI, Section A, Line 7B

“At the end of each term of the board members, elections are held and board members are voted by the members of the credit union pursuant to our by-laws. Member votes are also required to ratify decisions dealing with reorganizations as in the case of merger or dissolution.”

Form 990, Part VI, Section B, Line 11B

“The cfo reviews the reports for accuracy, comparing to internal financial statements and other internal reports.”

Form 990, Part VI, Section B, Line 12C

“All board and committee members will review and sign the statement of receipt & understanding before consideration for office. Annually they will sign the statement of receipts & understanding at the may board meeting. Credit union board and committee members must immediately disclose the existence of any known conflict of interest either with the credit union or its members. They must then recuse themselves from consideration of any contract, transaction or relationship in which they or their family members have an interest. Complaints relating to alleged violations are to be put in writing and submitted to any officer, board or supervisory committee member. Complaints will then be forwarded to the highest ranking individual on the board or supervisory committee who was not named in the complaint to be resolved.”

Form 990, Part VI, Section B, Line 15

“The ceo's compensation is set by the board of directors annually utilizing compensation surveys and studies. Senior management's compensation is determined by the ceo, who reviews salary survey data annually using two data sets for all senior management positions. These data sets are the entire credit union industry and the puget sound financial industry. For all remaining managers and staff, each position is slotted into 1 of 6 salary ranges. The salary ranges are reviewed annually by the human resources department to ensure that the job title is in the correct range. The salary ranges are adjusted every 2-3 years for inflation.”

Form 990, Part VI, Section C, Line 19

“Financial statements, governing documents and conflict of interest policies are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Verity Credit Union
EIN
91-0219005
Phone
8004444589
Address
11027 MERIDIAN AVENUE NORTH, SEATTLE, WA 98133

Signing Officer

Name
Brad Tanberg
Title
CFO
Phone
8004444589
Signed
2020-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Tanberg
Formed
1933
Legal Domicile
Wa
Voting Board Members
9
Independent Board Members
9
Employees
162
Volunteers
20

Preparer

Firm
Moss Adams Llp
Address
2707 COLBY AVENUE SUITE 801, EVERETT, WA 98201
Preparer
Colleen Ramires
Phone
4252597227
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

“A cooperative, organized for the purpose of promoting thrift and savings among its members, creating a source of credit for them at rates of interest set by the board of directors, and providing an opportunity for them to use and control their own money on a democratic basis in order to improve their economic and social conditions. As a cooperative, verity credit union conducts its business for the mutual benefit and general welfare of its members with the earnings, savings, benefits, or services of the credit union being distributed to its members as patrons.”

Financial Statement Notes

PART X, LINE 2:

“The credit union is a state-chartered credit union as described in internal revenue code (irc) section 501(c)(14) and, as such, is exempt from federal taxation of 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. Many states have similar laws. The specific application of section 512 to the various activities conducted by state-chartered credit unions has been at issue for many years. During 2007, the irs issued a series of technical advice memoranda (tams) to a number of state-chartered credit unions located throughout the country. In light of the tams, 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 operations. Fasb asc 740-10-65, income taxes, provides guidance for how uncertain tax positions should be recognized, measured, disclosed, and presented in the consolidated financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the credit union's tax returns to determine whether the tax positions are "more likely than not" to be sustained "when challenged or "when examined" by the applicable tax authority. Tax positions deemed to not meet the more-likely-than-not threshold would be recorded as a tax expense and liability in the current year. The credit union adopted the provisions outlined in this guidance on january 1, 2009. The credit union had no unrecognized tax positions that required adjustment to the january 1, 2009, beginning balance of undivided earnings. For the years ended december 31, 2019 and 2018, management has determined that there are no material uncertain tax positions.”

Raw XML AppendixShowing 400 of 717 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt07830515
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt07320470
IRS990/AccountsReceivableGrp/BOYAmt01499379
IRS990/AccountsReceivableGrp/EOYAmt01579894
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0A COOPERATION ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS.
IRS990/AdvertisingGrp/TotalAmt01167090
IRS990/AllOtherExpensesGrp/TotalAmt0630586
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0JOHN ZMOLEK
IRS990/BooksInCareOfDetail/PhoneNum08004444589
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt011027 MERIDIAN AVENUE NORTH
IRS990/BooksInCareOfDetail/USAddress/CityNm0SEATTLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd098133
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt07392215
IRS990/CashNonInterestBearingGrp/EOYAmt06602265
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt021
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt01474691
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt0163123
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt0275193
IRS990/ContractorCompensationGrp/CompensationAmt1234761
IRS990/ContractorCompensationGrp/CompensationAmt2198094
IRS990/ContractorCompensationGrp/CompensationAmt3194678
IRS990/ContractorCompensationGrp/CompensationAmt4173900
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO BOX 643543
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1PO BOX 956
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2PO BOX 527
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3PO BOX 886133
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt4PO BOX 24952
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0PITTSBURGH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1RENTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2LUBBOCK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3LOS ANGELES
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4SEATTLE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1WA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4WA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd015264
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd198057
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd279408
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd390088
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd498124
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0DIEBOLD INCORPORATED
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1KAYE-SMITH
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2KASASA LTD
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3EXPERIAN INFORMATION SOLUTIONS INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4HUBBARD RADIO
IRS990/ContractorCompensationGrp/ServicesDesc0ATM REPAIRS AND MAINTENANCE
IRS990/ContractorCompensationGrp/ServicesDesc1MAILING SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc2REWARD CHECKING SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc3CREDIT REPORTING
IRS990/ContractorCompensationGrp/ServicesDesc4RADIO ADVERTISEMENTS
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03169859
IRS990/CYOtherExpensesAmt020741233
IRS990/CYOtherRevenueAmt0819838
IRS990/CYProgramServiceRevenueAmt031350340
IRS990/CYRevenuesLessExpensesAmt03907420
IRS990/CYSalariesCompEmpBnftPaidAmt010691384
IRS990/CYTotalExpensesAmt031432617
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt035340037
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0890740
IRS990/Desc0VERITY CREDIT UNION IS A WASHINGTON STATE CHARTERED CREDIT UNION THAT SERVES 34,676 MEMBER OWNERS. VERITY'S PRIMARY FIELD OF MEMBERSHIP INCLUDES ALL INDIVIDUALS THAT RESIDE, WORK, WORSHIP, OR ATTEND SCHOOL IN ANY WASHINGTON STATE SCHOOL DISTRICT. VERITY OFFERS A FULL RANGE OF DEPOSIT, LOAN, AND INVESTMENT PRODUCTS AND SERVICES THROUGH SIX FULL BRANCHES, A CALL CENTER, AND ONLINE ACCOUNT SERVICES.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt0162
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt0106082
IRS990/FeesForServicesLegalGrp/TotalAmt014715
IRS990/FeesForServicesOtherGrp/TotalAmt0553756
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt65.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt75.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt85.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt95.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt105.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2140.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1133502
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1221717
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1317631
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1414249
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1513702
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1618956
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1712700
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1811892
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt195336
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2011510
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2117741
IRS990/Form990PartVIISectionAGrp/PersonNm0ZACHARY GOSE
IRS990/Form990PartVIISectionAGrp/PersonNm1BENJAMIN LUNDELL
IRS990/Form990PartVIISectionAGrp/PersonNm2KAREN HUNT
IRS990/Form990PartVIISectionAGrp/PersonNm3ANTHONY KUSSKE
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVID PRIESTLY
IRS990/Form990PartVIISectionAGrp/PersonNm5DAN STRANDY
IRS990/Form990PartVIISectionAGrp/PersonNm6TRINA VENARD
IRS990/Form990PartVIISectionAGrp/PersonNm7DAN YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm8EVAN GAY
IRS990/Form990PartVIISectionAGrp/PersonNm9CHRIS D'ABREAU
IRS990/Form990PartVIISectionAGrp/PersonNm10NANCY WOODLAND
IRS990/Form990PartVIISectionAGrp/PersonNm11JOHN ZMOLEK
IRS990/Form990PartVIISectionAGrp/PersonNm12JUSTIN MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm13BRAD TANBERG
IRS990/Form990PartVIISectionAGrp/PersonNm14TINA NARRON
IRS990/Form990PartVIISectionAGrp/PersonNm15JASON HIRL
IRS990/Form990PartVIISectionAGrp/PersonNm16HEIDI WESLEY-CLEVELAND
IRS990/Form990PartVIISectionAGrp/PersonNm17KEN BUTLER
IRS990/Form990PartVIISectionAGrp/PersonNm18JOHN BENNER
IRS990/Form990PartVIISectionAGrp/PersonNm19JOSHUA SIDELL
IRS990/Form990PartVIISectionAGrp/PersonNm20ANGELA LOWE
IRS990/Form990PartVIISectionAGrp/PersonNm21PAUL MCJANNET
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11392137
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12227897
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13204333
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14191557
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15177874
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16161139
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17152821
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18132623
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19132257
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20123068
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21114198
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER (THRU 04/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER (THRU 10/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF LENDING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHIEF TECHNOLOGY OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHIEF MARKETING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR OF MEMBER EXPERIENCE
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR OF HR & TRAINING
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR OF PROJECT MANAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR OF HR & TRAINING
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR OF PROJECT MANAGEMENT
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01933
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt01300913
IRS990/GainOrLossGrp/SecuritiesAmt0-99092
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt02730895
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0908
IRS990/GrossReceiptsAmt036919859
IRS990/GrossRentsGrp/RealAmt0521958
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt013
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt02464579
IRS990/InsuranceGrp/TotalAmt0111374
IRS990/InterestGrp/TotalAmt03714829
IRS990/InvestmentIncomeGrp/ExclusionAmt01968038
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01968038
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt05314612
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt05834033
IRS990/InvestmentsProgramRelatedGrp/BOYAmt088420
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0138900
IRS990/InvestmentsPubTradedSecGrp/BOYAmt072514651
IRS990/InvestmentsPubTradedSecGrp/EOYAmt059944945
IRS990/IRPDocumentCnt024496
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt012972047
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011246756
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09649648
IRS990/LandBldgEquipCostOrOtherBssAmt022621695
IRS990/LegalDomicileStateCd0WA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01429982
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0100000
IRS990/LessRentalExpensesGrp/RealAmt049840
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE SCH O
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt043000000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt043000000
IRS990/NetAssetsOrFundBalancesBOYAmt050406876
IRS990/NetAssetsOrFundBalancesEOYAmt056008865
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01201821
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01201821
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0442289
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0472118
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt029829
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01694569
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt01042421
IRS990/OfficeExpensesGrp/TotalAmt01908940
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06548799
IRS990/OtherAssetsTotalGrp/EOYAmt015119264
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01169575
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1PURCHASED SERVICES
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING
IRS990/OtherExpensesGrp/TotalAmt04005226
IRS990/OtherExpensesGrp/TotalAmt12554518
IRS990/OtherExpensesGrp/TotalAmt21330775
IRS990/OtherLiabilitiesGrp/BOYAmt0485085586
IRS990/OtherLiabilitiesGrp/EOYAmt0526501883
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0SUBSIDIARY INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0273538
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0347720
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt074182
IRS990/OtherRevenueTotalAmt0347720
IRS990/OtherSalariesAndWagesGrp/TotalAmt07164598
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0462034433
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0496229236
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0664964
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0217556
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01068732
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01333928
IRS990/PrincipalOfficerNm0BRAD TANBERG
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES AND CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2INTERCHANGE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt024804510
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13286943
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23063267
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt024804510
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13482563
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23063267
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0195620
IRS990/ProgSrvcAccomActy2Grp/Desc0VERITY CREDIT UNION OFFERS A FULL-SERVICE INVESTMENT PROGRAM WITH TWO REGISTERED INVESTMENT REPRESENTATIVES AND A SUPPORT REPRESENTATIVE. AS OF DECEMBER 31, 2019, VERITY'S INVESTMENT SERVICES PROGRAM HAD 1,079 MEMBERS WHO HAVE 2,097 ACCOUNTS, AND $167,638,083 IN ASSETS UNDER MANAGEMENT.
IRS990/ProgSrvcAccomActy3Grp/Desc0VERITY CREDIT UNION OFFERS FREE FINANCIAL COUNSELING TO ITS MEMBERS. SPECIFIC SERVICES INCLUDE FINANCIAL PLANNING, DEBT MODIFICATION ON LOANS FROM VERITY AND OTHER CREDITORS, AND DIRECT ASSISTANCE IN UTILIZING THE GOVERNMENT SPONSORED MORTGAGE RELIEF PROGRAMS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt09218
IRS990/PYInvestmentIncomeAmt02278625
IRS990/PYOtherExpensesAmt016960436
IRS990/PYOtherRevenueAmt0409367
IRS990/PYProgramServiceRevenueAmt027988726
IRS990/PYRevenuesLessExpensesAmt03809542
IRS990/PYSalariesCompEmpBnftPaidAmt09897522
IRS990/PYTotalExpensesAmt026867176
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt030676718
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt02781440

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$632,831,218
Liabilities
$576,822,353
Net assets
$56,008,865
Revenue
$35,340,037
Expenses
$31,432,617
Net income
$3,907,420
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$771$700$71.9$48.2$47.2$1.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$841$762$78.6$45.3$45.0$0.29
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$865$794$71.6$38.3$30.6$7.72
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$786$720$66.2$35.8$28.1$7.70
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$692$633$59.5$32.9$31.3$1.58
2019Detailed filing. Detailed filing data is available for this year.$633$577$56.0$35.3$31.4$3.91
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$586$536$50.4$30.7$26.9$3.81
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$530$483$47.0$26.2$23.7$2.54
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$505$461$44.5$24.9$23.5$1.36
2015Detailed filing. Detailed filing data is available for this year.$481$437$43.6$23.2$20.3$2.96
2014Detailed filing. Detailed filing data is available for this year.$444$403$41.0$22.9$19.9$3.09
2013Detailed filing. Detailed filing data is available for this year.$427$391$36.6$27.5$22.2$5.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$397$363$34.0$22.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$383$356$27.8$26.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$367$337$30.1$24.3