Civic Intelligence

Kitsap Credit Union

990 • Fiscal year 2016 • EIN 91-0333066

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 18, 2017

Organization Profilewww.kitsapcu.org

View Organization Page

PO Box 990Bremerton, WA 98337

(360) 662-2000

Siviq Scores

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

Liabilities / Assets

60th percentile

0.90x

Higher debt load relative to assets than 60% of similar nonprofits.

2016 filings • 501(c)14 • $1B+ nonprofits • Source year 2016

Liabilities / Revenue

34th percentile

18.35x

Higher debt load relative to revenue than 34% of similar nonprofits.

2016 filings • 501(c)14 • $1B+ nonprofits • Source year 2016

Net Margin

54th percentile

19%

Higher net margin than 54% of similar nonprofits.

2016 filings • 501(c)14 • $1B+ nonprofits • Source year 2016

Top Officer Pay

55th percentile

$899,401

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2016 filings • 501(c)14 • $1B+ nonprofits • Source year 2016

Asset Growth

44th percentile

8.2%

Faster asset growth than 44% of similar nonprofits.

2016 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2015 to 2016

Revenue Growth

81st percentile

15%

Faster revenue growth than 81% of similar nonprofits.

2016 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$1,124,712,097

Up $84,856,009 (+8.2%) from 2015

Net Assets

Up

$112,140,269

Up $7,927,537 (+7.6%) from 2015

Liabilities

Up

$1,012,571,828

Up $76,928,472 (+8.2%) from 2015

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin54th percentile

Revenue

Up

$55,172,588

Up $7,275,999 (+15%) from 2015

Expenses

Up

$44,581,022

Up $6,163,323 (+16%) from 2015

Net Income

Up

$10,591,566

Up $1,112,676 (+12%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

$3.0B$2.0B$1.0B$0Assets 2010: $832,358,741Liabilities 2010: $762,726,245Net Assets 2010: $69,632,4962010Assets 2011: $862,486,634Liabilities 2011: $783,029,852Net Assets 2011: $79,456,7822011Assets 2012: $962,776,630Liabilities 2012: $878,606,493Net Assets 2012: $84,170,1372012Assets 2013: $961,036,950Liabilities 2013: $878,893,437Net Assets 2013: $82,143,5132013Assets 2014: $987,759,193Liabilities 2014: $891,136,858Net Assets 2014: $96,622,3352014Assets 2015: $1,039,856,088Liabilities 2015: $935,643,356Net Assets 2015: $104,212,7322015Assets 2016: $1,124,712,097Liabilities 2016: $1,012,571,828Net Assets 2016: $112,140,2692016Assets 2017: $1,177,997,186Liabilities 2017: $1,055,250,642Net Assets 2017: $122,746,5442017Assets 2018: $1,254,472,738Liabilities 2018: $1,121,966,550Net Assets 2018: $132,506,1882018Assets 2019: $1,435,523,011Liabilities 2019: $1,290,796,779Net Assets 2019: $144,726,2322019Assets 2020: $1,732,585,883Liabilities 2020: $1,583,113,830Net Assets 2020: $149,472,0532020Assets 2021: $2,025,562,127Liabilities 2021: $1,863,644,319Net Assets 2021: $161,917,8082021Assets 2022: $2,255,075,377Liabilities 2022: $2,136,210,327Net Assets 2022: $118,865,0502022Assets 2023: $2,368,604,375Liabilities 2023: $2,238,188,688Net Assets 2023: $130,415,6872023Assets 2024: $2,320,371,924Liabilities 2024: $2,191,030,944Net Assets 2024: $129,340,9802024

Highlighted filing

2016

Assets$1,124,712,097
Liabilities$1,012,571,828
Net Assets$112,140,269
Open 2016 Filing

Operations Trend

Revenue Growth81st percentile

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

$200M$150M$100M$50M$0Expenses 2010: $62,271,5002010Expenses 2011: $44,917,7202011Expenses 2012: $44,350,6342012Revenue 2013: $44,907,812Expenses 2013: $42,715,366Net Income 2013: $2,192,4462013Revenue 2014: $44,261,365Expenses 2014: $34,152,156Net Income 2014: $10,109,2092014Revenue 2015: $47,896,589Expenses 2015: $38,417,699Net Income 2015: $9,478,8902015Revenue 2016: $55,172,588Expenses 2016: $44,581,022Net Income 2016: $10,591,5662016Revenue 2017: $58,454,874Expenses 2017: $49,328,199Net Income 2017: $9,126,6752017Revenue 2018: $65,434,831Expenses 2018: $54,719,899Net Income 2018: $10,714,9322018Revenue 2019: $74,132,215Expenses 2019: $65,057,330Net Income 2019: $9,074,8852019Revenue 2020: $78,052,393Expenses 2020: $76,130,014Net Income 2020: $1,922,3792020Revenue 2021: $86,231,802Expenses 2021: $66,951,388Net Income 2021: $19,280,4142021Revenue 2022: $104,047,497Expenses 2022: $82,914,598Net Income 2022: $21,132,8992022Revenue 2023: $135,974,513Expenses 2023: $127,345,815Net Income 2023: $8,628,6982023Revenue 2024: $153,721,471Expenses 2024: $148,184,524Net Income 2024: $5,536,9472024

Highlighted filing

2016

Revenue$55,172,588
Expenses$44,581,022
Net Income$10,591,566
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 18, 2017
Return Version
2016v3.0
Gross Receipts
$126,421,720
Mission and Program Overview

Mission

To offer checking, savings, and lending programs to members who live, work, and worship in the state of washington. Kcu also provides financial literacy programs and is actively involved in community outreach programs.

A not-for-profit financial cooperative, offering checking and savings programs, lending and related services to members who live, work, or worship in the State of Washington. Kitsap Credit Union (KCU) also provides financial literacy programs and is actively involved in community outreach programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$701,447,335$805,427,304▲ $103,979,969
Investments Other Securities$258,203,973$230,665,155▼ $27,538,818
Rtn Earn Endowment Incm Other Fnds$104,212,732$112,140,269▲ $7,927,537
Land, Buildings, and Equipment, Net$32,434,732$33,212,003▲ $777,271
Accounts Receivable$18,631,010$22,819,818▲ $4,188,808
Cash and Non-Interest-Bearing Accounts$18,891,162$21,465,810▲ $2,574,648
Prepaid Expenses and Deferred Charges$5,613,425$5,802,516▲ $189,091
Intangible Assets$554,830$477,142▼ $77,688
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,039,856,088$1,124,712,097▲ $84,856,009
Other Assets Total$4,079,621$4,842,349▲ $762,728
Liabilities
Other Liabilities$927,225,648$999,244,724▲ $72,019,076
Accounts Payable and Accrued Expenses$8,115,533$12,695,417▲ $4,579,884
Escrow Account Liability-$412,885-
Deferred Revenue$302,175$218,802▼ $83,373
Total Liabilities$935,643,356$1,012,571,828▲ $76,928,472
Net Assets / Fund Balance
Total Net Assets Fund Balance$104,212,732$112,140,269▲ $7,927,537
Total Liabilities and Net Assets / Fund Balance$1,039,856,088$1,124,712,097▲ $84,856,009

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$23,496,460$7,671,336$31,167,796
Equipment$1,960,265$8,181,183$10,141,448
Land$7,124,805-$7,124,805
Leasehold Improvements$590,637$4,348,759$4,939,396
Other Land Buildings$39,836$88,790$128,626
Other Securities$189,344,356--
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elliot GreggPresident/CEOFT$462,282$437,119$899,401
Kellie LeTexierSVP, COOFT$243,205$20,595$263,800
Colin MorrisonSVP, CIOFT$200,021$21,344$221,365
Scott HendersonSVP, CFOFT$186,819$32,298$219,117
Anthony BulleriSVP, CLOFT$189,890$16,180$206,070
Carolyn YoungVP of Branch OperationsFT$135,659$15,836$151,495
Renee MartinCommercial Lending Market ManagerFT$119,602$13,383$132,985
Melinda AnthonyVP LendingFT$114,971$14,144$129,115
Leah OlsonVP MarketingFT$112,232$13,174$125,406
Jeff WellsE-Business ManagerFT$108,417$13,034$121,451
Bradley MillerSVP/CFOFT$104,298$2,176$106,474

Board Members and Trustees

NameTitle
Jim RowsonChair
Pete SchlicherVice Chair
Lanny RossAssociate Director
Shane McGrawAssociate Director
Bob PodratDirector
Carolyn MaxonDirector
Doug LuptonDirector
Susan BakerDirector
Tony BolanderDirector
Wendie JohnsonDirector
Ralph StricklandDirector Emeritus
Vicki GambrellSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Digital Insight-IntuitBill Pay ServicePO Box 515306, Los Angeles, CA 90051$2,034,508
Visa DpsPlastic Card Data ProcessingPO Box 742233, Los Angeles, CA 90074$1,063,015
Gibson Media INCAdvertising108 S Washington, Seattle, WA 98104$513,628
Jack Henry & AssociatesConsulting/ImplementationPO Box 609, Monett, MO 65708$508,284
Arrow Cleaning INCJanitorial Services3407 126th NW, Gig Harbor, WA 98332$401,608
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$50,832,107
Investment Income
$4,340,481
Other Revenue
$0
Change in Net Assets
$10,591,566
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$27,085,038
Salaries, Compensation, and Employee Benefits$17,495,984
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$11,348,256
Information Technology---$4,991,827
Office Expenses---$4,760,978
Occupancy---$2,669,501
Other Employee Benefits---$2,661,414
Interest---$2,168,234
Current Officers, Directors, Trustees, and Key Employees---$1,961,247
Other Expenses---$1,771,827
Advertising---$1,447,466
Payroll Taxes---$1,092,662
Fees for Services Other---$1,005,869
Depreciation Depletion---$1,001,687
Pension Plan Contributions---$432,405
Insurance---$277,454
Travel---$272,590
Fees for Services Accounting---$121,174
Fees for Services Management---$33,269
Fees for Services Legal---$30,150
Total Functional Expenses$0$0$0$44,581,022
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares$388,428,862
Checking$257,718,223
Money Market$167,813,436
Share Certificates$137,927,083
IRA Shares$28,126,272
IRA Share Certificates$19,230,848
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Form 990, Part VI, Section A, Line 6: Kitsap Credit Union had 100,854 members as of December 31, 2016.”

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

“Form 990, Part VI, Section A, Line 7A: Members elect all directors for a 3-year term. They can run for re-election. Ballots are mailed to all members during the 1st quarter each year.”

Form 990, Part VI, Section A, Line 8A

“KCU records meeting minutes for all committee meetings.”

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

“Form 990, Part VI, Section B, 11B: The Accounting Manager, Accounting Supervisor, and SVP/CFO review the return for accuracy.”

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

“Form 990, Part VI, Section B, Line 12C: The code of conduct/conflict of interest policy is required to be reviewed and signed (with or without disclosures) or acknowledged (by electronic signature) upon hire for new employees and annually thereafter for all staff, officials, and directors. Acknowledgements received from individuals who disclose a potential conflict are forwarded to the CEO or CFO for review and approval.”

Form 990, Part VI, Section B, Line 15

“Form 990, Part VI, Section B, Line 15A/Line 15B: Kitsap Credit Union uses an outside compensation consultant (one for staff and another for executive compensation) to determine market ranges for pay for all positions. The Human Resources Dept. works with the consultants to ensure pay ranges are competitive and within the market. Actual individual pay for the CEO is determined by the Board of Directors. Pay for officers is determined by the CEO.”

Form 990, Part VI, Section C, Line 19

“Form 990, Part VI, Section C, Line 19: Kitsap Credit Union makes the monthly financial statements available to the public by posting them in each branch. Governing documents, such as articles of incorporation, are available upon request. Conflict of interest policies are not made public.”

Filing and Contact Details

Filer

Filer Name
Kitsap Credit Union
EIN
91-0333066
Phone
3606622000
Address
PO Box 990, Bremerton, WA 98337

Signing Officer

Name
Bradley Miller
Title
SVP/CFO
Phone
3606622162
Signed
2017-10-18

Organization Details

Principal Officer
Elliot Gregg
Formed
1934
Legal Domicile
Wa
Voting Board Members
9
Independent Board Members
9
Employees
326
Volunteers
17
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2A

“KCU has a Supervisory Committee that oversees the audit of the financial statements. This committee also selects the auditing firm. The financial statements were audited by Moss Adams with the audit term of October 2015 to September 2016.”

Financial Statement Notes

Schedule D, Part IV, Line 2B

“Escrow shares are used to pay property taxes and insurance for members with real estate loans.”

Schedule D, Part XI, Line 1

“Financial Statements are audited by an independent CPA for the period of October 2015 through September 2016.”

Raw XML AppendixShowing 400 of 683 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.

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IRS990/ActivityOrMissionDesc0A not-for-profit financial cooperative, offering checking and savings programs, lending and related services to members who live, work, or worship in the State of Washington. Kitsap Credit Union (KCU) also provides financial literacy programs and is actively involved in community outreach programs.
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IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
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IRS990/CYOtherRevenueAmt00
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IRS990/CYTotalProfFndrsngExpnsAmt00
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1220165
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1319629
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1412408
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1517566
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1615282
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt172176
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1814130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1913383
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2014144
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2113174
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2213034
IRS990/Form990PartVIISectionAGrp/PersonNm0Jim Rowson
IRS990/Form990PartVIISectionAGrp/PersonNm1Pete Schlicher
IRS990/Form990PartVIISectionAGrp/PersonNm2Vicki Gambrell
IRS990/Form990PartVIISectionAGrp/PersonNm3Susan Baker
IRS990/Form990PartVIISectionAGrp/PersonNm4Tony Bolander
IRS990/Form990PartVIISectionAGrp/PersonNm5Wendie Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm6Doug Lupton
IRS990/Form990PartVIISectionAGrp/PersonNm7Carolyn Maxon
IRS990/Form990PartVIISectionAGrp/PersonNm8Bob Podrat
IRS990/Form990PartVIISectionAGrp/PersonNm9Shane McGraw
IRS990/Form990PartVIISectionAGrp/PersonNm10Lanny Ross
IRS990/Form990PartVIISectionAGrp/PersonNm11Ralph Strickland
IRS990/Form990PartVIISectionAGrp/PersonNm12Elliot Gregg
IRS990/Form990PartVIISectionAGrp/PersonNm13Kellie LeTexier
IRS990/Form990PartVIISectionAGrp/PersonNm14Scott Henderson
IRS990/Form990PartVIISectionAGrp/PersonNm15Colin Morrison
IRS990/Form990PartVIISectionAGrp/PersonNm16Anthony Bulleri
IRS990/Form990PartVIISectionAGrp/PersonNm17Bradley Miller
IRS990/Form990PartVIISectionAGrp/PersonNm18Carolyn Young
IRS990/Form990PartVIISectionAGrp/PersonNm19Renee Martin
IRS990/Form990PartVIISectionAGrp/PersonNm20Melinda Anthony
IRS990/Form990PartVIISectionAGrp/PersonNm21Leah Olson
IRS990/Form990PartVIISectionAGrp/PersonNm22Jeff Wells
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/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12879236
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13244171
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14206709
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15203799
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16190788
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17104298
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18137365
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19119602
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20114971
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21112232
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22108417
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/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Associate Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Associate Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director Emeritus
IRS990/Form990PartVIISectionAGrp/TitleTxt12President/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13SVP, COO
IRS990/Form990PartVIISectionAGrp/TitleTxt14SVP, CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt15SVP, CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt16SVP, CLO
IRS990/Form990PartVIISectionAGrp/TitleTxt17SVP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP of Branch Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt19Commercial Lending Market Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt20VP Lending
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP Marketing
IRS990/Form990PartVIISectionAGrp/TitleTxt22E-Business Manager
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01934
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0139758
IRS990/GainOrLossGrp/SecuritiesAmt0701979
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01113500
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt070977369
IRS990/GrossReceiptsAmt0126421720
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt016
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt04991827
IRS990/InsuranceGrp/TotalAmt0277454
IRS990/IntangibleAssetsGrp/BOYAmt0554830
IRS990/IntangibleAssetsGrp/EOYAmt0477142
IRS990/InterestGrp/TotalAmt02168234
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt03498744
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03498744
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0258203973
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0230665155
IRS990/IRPDocumentCnt017205
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt020290068
IRS990/LandBldgEquipBasisNetGrp/BOYAmt032434732
IRS990/LandBldgEquipBasisNetGrp/EOYAmt033212003
IRS990/LandBldgEquipCostOrOtherBssAmt053502071
IRS990/LegalDomicileStateCd0WA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0973742
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt070275390
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To offer checking, savings, and lending programs to members who live, work, and worship in the State of Washington. KCU also provides financial literacy programs and is actively involved in community outreach programs.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0104212732
IRS990/NetAssetsOrFundBalancesEOYAmt0112140269
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0701979
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0139758
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0841737
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt0-72828
IRS990/NetUnrlzdGainsLossesInvstAmt0-2664029
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt02669501
IRS990/OfficeExpensesGrp/TotalAmt04760978
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04079621
IRS990/OtherAssetsTotalGrp/EOYAmt04842349
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02661414
IRS990/OtherExpensesGrp/Desc0Loan Provision
IRS990/OtherExpensesGrp/Desc1Loan Expenses
IRS990/OtherExpensesGrp/Desc2Miscellaneous
IRS990/OtherExpensesGrp/TotalAmt05275293
IRS990/OtherExpensesGrp/TotalAmt11257719
IRS990/OtherExpensesGrp/TotalAmt21771827
IRS990/OtherLiabilitiesGrp/BOYAmt0927225648
IRS990/OtherLiabilitiesGrp/EOYAmt0999244724
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt011348256
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0701447335
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0805427304
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt01092662
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0432405
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05613425
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05802516
IRS990/PrincipalOfficerNm0Elliot Gregg
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/BusinessCd3522130
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc1Fee Income
IRS990/ProgramServiceRevenueGrp/Desc2Other Income
IRS990/ProgramServiceRevenueGrp/Desc3Debit Card Interchange
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt035445320
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt16186825
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23006700
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt35482817
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt035445320
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16186825
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23717145
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35482817
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt2710445
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgSrvcAccomActy2Grp/Desc0Savings programs that are provided to credit union members, as related to the exempt purpose of KCU. The types of accounts offered are checking, money market accounts, IRA accounts, regular savings, and certificates.
IRS990/ProgSrvcAccomActy3Grp/Desc0Community involvement including donation of staff time in the community. KCU also offers many financial literacy classes for children and adults.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,124,712,097
Liabilities
$1,012,571,828
Net assets
$112,140,269
Revenue
$55,172,588
Expenses
$44,581,022
Net income
$10,591,566
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2,320$2,191$129$154$148$5.54
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,369$2,238$130$136$127$8.63
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,255$2,136$119$104$82.9$21.1
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,026$1,864$162$86.2$67.0$19.3
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,733$1,583$149$78.1$76.1$1.92
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,436$1,291$145$74.1$65.1$9.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,254$1,122$133$65.4$54.7$10.7
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,178$1,055$123$58.5$49.3$9.13
2016Detailed filing. Detailed filing data is available for this year.$1,125$1,013$112$55.2$44.6$10.6
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,040$936$104$47.9$38.4$9.48
2014Detailed filing. Detailed filing data is available for this year.$988$891$96.6$44.3$34.2$10.1
2013Detailed filing. Detailed filing data is available for this year.$961$879$82.1$44.9$42.7$2.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$963$879$84.2$44.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$862$783$79.5$44.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$832$763$69.6$62.3