Civic Intelligence

Credit Unions in the State of Washington

990 • Fiscal year 2012 • EIN 91-0403380

Jan 01, 2012 to Dec 31, 2012 • Filed on Oct 01, 2013

PO Box 87098327
Siviq Scores

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

Liabilities / Assets

14th percentile

0.85x

Higher debt load relative to assets than 14% of similar nonprofits.

2012 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

5th percentile

-3.1%

Faster asset growth than 5% of similar nonprofits.

2012 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$113,629,156

Down $3,685,851 (-3.1%) from 2011

Net Assets

Up

$17,046,569

Up $562,931 (+3.4%) from 2011

Liabilities

Down

$96,582,587

Down $4,248,782 (-4.2%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$5,063,652

Up $90,648 (+1.8%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $121,337,036Liabilities 2010: $104,871,090Net Assets 2010: $16,465,9462010Assets 2011: $117,315,007Liabilities 2011: $100,831,369Net Assets 2011: $16,483,6382011Assets 2012: $113,629,156Liabilities 2012: $96,582,587Net Assets 2012: $17,046,5692012Assets 2013: $113,854,190Liabilities 2013: $97,600,093Net Assets 2013: $16,254,0972013Assets 2014: $114,679,891Liabilities 2014: $97,352,193Net Assets 2014: $17,327,6982014Assets 2015: $113,723,161Liabilities 2015: $96,512,203Net Assets 2015: $17,210,9582015Assets 2016: $111,175,818Liabilities 2016: $93,806,164Net Assets 2016: $17,369,6542016Assets 2017: $110,253,679Liabilities 2017: $93,354,749Net Assets 2017: $16,898,9302017Assets 2018: $144,682,634Liabilities 2018: $128,033,067Net Assets 2018: $16,649,5672018Assets 2019: $141,233,805Liabilities 2019: $122,250,976Net Assets 2019: $18,982,8292019Assets 2020: $174,649,243Liabilities 2020: $155,530,305Net Assets 2020: $19,118,9382020Assets 2021: $215,109,348Liabilities 2021: $194,930,109Net Assets 2021: $20,179,2392021Assets 2022: $223,097,117Liabilities 2022: $202,129,920Net Assets 2022: $20,967,1972022Assets 2023: $205,367,768Liabilities 2023: $184,315,242Net Assets 2023: $21,052,5262023Assets 2024: $186,974,161Liabilities 2024: $165,273,927Net Assets 2024: $21,700,2342024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2012

Assets$113,629,156
Liabilities$96,582,587
Net Assets$17,046,569

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $5,770,6992010Expenses 2011: $4,973,0042011Expenses 2012: $5,063,6522012Revenue 2013: $4,842,082Expenses 2013: $4,636,032Net Income 2013: $206,0502013Revenue 2014: $4,650,449Expenses 2014: $4,488,172Net Income 2014: $162,2772014Revenue 2015: $4,415,588Expenses 2015: $4,597,531Net Income 2015: -$181,9432015Revenue 2016: $4,674,016Expenses 2016: $4,479,070Net Income 2016: $194,9462016Revenue 2017: $4,393,751Expenses 2017: $4,847,567Net Income 2017: -$453,8162017Revenue 2018: $4,801,509Expenses 2018: $5,485,079Net Income 2018: -$683,5702018Revenue 2019: $7,240,922Expenses 2019: $6,213,723Net Income 2019: $1,027,1992019Revenue 2020: $7,385,227Expenses 2020: $7,249,118Net Income 2020: $136,1092020Revenue 2021: $8,977,951Expenses 2021: $7,917,650Net Income 2021: $1,060,3012021Revenue 2022: $10,270,112Expenses 2022: $9,482,154Net Income 2022: $787,9582022Revenue 2023: $11,928,214Expenses 2023: $11,003,885Net Income 2023: $924,3292023Revenue 2024: $11,373,637Expenses 2024: $10,725,929Net Income 2024: $647,7082024Revenue 2025: $7,823,096Expenses 2025: $7,822,765Net Income 2025: $3312025

Highlighted filing

2012

Revenue-
Expenses$5,063,652
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Oct 1, 2013
Return Version
2012v2.1
Gross Receipts
$6,206,228
Mission and Program Overview

Mission

To build relationships by delivering valued banking solutions. Our goal is to be responsive to member financial needs, promote thrift, provide a full range of services, maintain financial stability, and manage growth while offering rewarding careers to our employees.

Filing and Contact Details

Filer

EIN
91-0403380
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IRS990ScheduleJ/SupplementalNonqualRetirePlan0true
IRS990ScheduleO/GeneralExplanation/Explanation0TO BUILD RELATIONSHIPS BY DELIVERING VALUED BANKING SOLUTIONS. OUR GOAL IS TO BE RESPONSIVE TO MEMBER FINANCIAL NEEDS, PROMOTE THRIFT, PROVIDE A FULL RANGE OF SERVICES, MAINTAIN FINANCIAL STABILITY, AND MANAGE GROWTH WHILE OFFERING REWARDING CAREERS TO OUR EMPLOYEES.
IRS990ScheduleO/GeneralExplanation/Explanation1SUPERVISORY AND AUDIT SERVICES ARE PROVIDED BY THE BOARD OF DIRECTORS AND THE SUPERVISORY COMMITTEE.
IRS990ScheduleO/GeneralExplanation/Explanation2THE CREDIT UNION HAS 8,658 MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation3CREDIT UNION MEMBERS ELECT ALL MEMBERS OF THE BOARD OF DIRECTORS
IRS990ScheduleO/GeneralExplanation/Explanation4FORM 990 IS REVIEWED BY THE CEO, EVP, AND THE BOARD OF DIRECTORS. THE FORM IS APPROVED BY THE CEO AND EVP.
IRS990ScheduleO/GeneralExplanation/Explanation5DIRECTORS ARE REQUIRED TO SIGN AN OATH OF OFFICE ANNUALLY WHICH INCORPORATES A CONFLICT OF INTEREST STATEMENT.
IRS990ScheduleO/GeneralExplanation/Explanation6COMPENSATION COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE CEO'S COMPENSATION.
IRS990ScheduleO/GeneralExplanation/Explanation7CEO SETS OFFICER SALARIES BASED ON INDUSTRY SURVEY AND PEER COMPARISON; BOARD OF DIRECTORS APPROVES.
IRS990ScheduleO/GeneralExplanation/Explanation8THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT THEIR ANNUAL MEETING AND UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation9CURRENT YEAR UNREALIZED GAIN ON INVESTMENTS 27,932 PRIOR YEAR UNREALIZED GAIN ON INVESTMENTS 111,508
IRS990ScheduleO/GeneralExplanation/Identifier0ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/Identifier1EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITS
IRS990ScheduleO/GeneralExplanation/Identifier2CLASSES OF MEMBERS OR STOCKHOLDERS
IRS990ScheduleO/GeneralExplanation/Identifier3ELECTION OF MEMBERS AND THEIR RIGHTS
IRS990ScheduleO/GeneralExplanation/Identifier4ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier5ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/GeneralExplanation/Identifier6COMPENSATION PROCESS FOR TOP OFFICIAL
IRS990ScheduleO/GeneralExplanation/Identifier7COMPENSATION PROCESS FOR OFFICERS
IRS990ScheduleO/GeneralExplanation/Identifier8GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/Identifier9OTHER CHANGES IN NET ASSETS EXPLANATION
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/GeneralExplanation/ReturnReference8FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference9FORM 990, PART XI, LINE 9
IRS990/ScheduleORequired0true
IRS990/School0false
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0WA
IRS990/SubjectToProxyTax0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10955 ROSS LOOP

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$7.82$7.82$0.00
2024Detailed filing. Detailed filing data is available for this year.$187$165$21.7$11.4$10.7$0.65
2023Detailed filing. Detailed filing data is available for this year.$205$184$21.1$11.9$11.0$0.92
2022Detailed filing. Detailed filing data is available for this year.$223$202$21.0$10.3$9.48$0.79
2021Detailed filing. Detailed filing data is available for this year.$215$195$20.2$8.98$7.92$1.06
2020Detailed filing. Detailed filing data is available for this year.$175$156$19.1$7.39$7.25$0.14
2019Detailed filing. Detailed filing data is available for this year.$141$122$19.0$7.24$6.21$1.03
2018Detailed filing. Detailed filing data is available for this year.$145$128$16.6$4.80$5.49$0.68
2017Detailed filing. Detailed filing data is available for this year.$110$93.4$16.9$4.39$4.85$0.45
2016Detailed filing. Detailed filing data is available for this year.$111$93.8$17.4$4.67$4.48$0.19
2015Detailed filing. Detailed filing data is available for this year.$114$96.5$17.2$4.42$4.60$0.18
2014Detailed filing. Detailed filing data is available for this year.$115$97.4$17.3$4.65$4.49$0.16
2013Detailed filing. Detailed filing data is available for this year.$114$97.6$16.3$4.84$4.64$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$114$96.6$17.0$5.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$117$101$16.5$4.97
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$121$105$16.5$5.77