Civic Intelligence

Snocope Credit Union

990 • Fiscal year 2018 • EIN 91-0729043

Jan 01, 2018 to Dec 31, 2018 • Filed on May 22, 2019

3130 Rockefeller AveEverett, WA 98201

(425) 388-3481

Siviq Scores

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

Liabilities / Assets

90th percentile

0.92x

Higher debt load relative to assets than 90% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

74th percentile

20.24x

Higher debt load relative to revenue than 74% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Net Margin

50th percentile

12%

Higher net margin than 50% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

48th percentile

$141,919

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Asset Growth

67th percentile

3.4%

Faster asset growth than 67% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

46th percentile

8.8%

Faster revenue growth than 46% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Assets

Up

$59,964,844

Up $1,948,530 (+3.4%) from 2017

Net Assets

Up

$5,034,441

Up $314,894 (+6.7%) from 2017

Liabilities

Up

$54,930,403

Up $1,633,636 (+3.1%) from 2017

Revenue

Up

$2,713,669

Up $219,396 (+8.8%) from 2017

Expenses

Up

$2,398,775

Up $93,858 (+4.1%) from 2017

Net Income

Up

$314,894

Up $125,538 (+66%) from 2017

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2013: $46,877,698Liabilities 2013: $43,380,497Net Assets 2013: $3,497,2012013Assets 2014: $49,252,994Liabilities 2014: $45,371,216Net Assets 2014: $3,881,7782014Assets 2015: $49,687,827Liabilities 2015: $45,540,733Net Assets 2015: $4,147,0942015Assets 2016: $53,183,482Liabilities 2016: $48,653,075Net Assets 2016: $4,530,4072016Assets 2017: $58,016,314Liabilities 2017: $53,296,767Net Assets 2017: $4,719,5472017Assets 2018: $59,964,844Liabilities 2018: $54,930,403Net Assets 2018: $5,034,4412018Assets 2019: $62,309,253Liabilities 2019: $56,844,985Net Assets 2019: $5,464,2682019Assets 2020: $73,230,410Liabilities 2020: $67,333,569Net Assets 2020: $5,896,8412020Assets 2021: $80,800,121Liabilities 2021: $74,663,881Net Assets 2021: $6,136,2402021Assets 2022: $82,623,983Liabilities 2022: $77,234,886Net Assets 2022: $5,389,0972022Assets 2023: $80,820,238Liabilities 2023: $74,679,532Net Assets 2023: $6,140,7062023Assets 2024: $81,682,241Liabilities 2024: $74,633,199Net Assets 2024: $7,049,0422024

Highlighted filing

2018

Assets$59,964,844
Liabilities$54,930,403
Net Assets$5,034,441

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2013: $2,472,330Expenses 2013: $2,169,206Net Income 2013: $303,1242013Revenue 2014: $2,395,908Expenses 2014: $2,188,917Net Income 2014: $206,9912014Revenue 2015: $2,439,685Expenses 2015: $2,178,523Net Income 2015: $261,1622015Revenue 2016: $2,495,503Expenses 2016: $2,167,351Net Income 2016: $328,1522016Revenue 2017: $2,494,273Expenses 2017: $2,304,917Net Income 2017: $189,3562017Revenue 2018: $2,713,669Expenses 2018: $2,398,775Net Income 2018: $314,8942018Revenue 2019: $2,980,586Expenses 2019: $2,550,759Net Income 2019: $429,8272019Revenue 2020: $2,940,168Expenses 2020: $2,507,595Net Income 2020: $432,5732020Revenue 2021: $2,738,033Expenses 2021: $2,435,603Net Income 2021: $302,4302021Revenue 2022: $3,124,105Expenses 2022: $2,882,314Net Income 2022: $241,7912022Revenue 2023: $4,293,876Expenses 2023: $3,663,520Net Income 2023: $630,3562023Revenue 2024: $4,638,852Expenses 2024: $3,755,539Net Income 2024: $883,3132024

Highlighted filing

2018

Revenue$2,713,669
Expenses$2,398,775
Net Income$314,894
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 22, 2019
Return Version
2018v3.1
Gross Receipts
$2,713,669
Mission and Program Overview

Mission

Building lifelong financial success, one member at a time.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$35,365,350$41,981,359▲ $6,616,009
Investments Other Securities$12,562,000$10,412,000▼ $2,150,000
Rtn Earn Endowment Incm Other Fnds$4,719,547$5,034,441▲ $314,894
Savings and Temporary Cash Investments$5,649,692$4,244,293▼ $1,405,399
Receivables From Officers Etc$1,203,814$1,407,608▲ $203,794
Investments Program Related$585,344$604,470▲ $19,126
Cash and Non-Interest-Bearing Accounts$758,161$604,283▼ $153,878
Land, Buildings, and Equipment, Net$324,672$340,666▲ $15,994
Prepaid Expenses and Deferred Charges$121,034$130,227▲ $9,193
Accounts Receivable$94,830$94,412▼ $418
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$58,016,314$59,964,844▲ $1,948,530
Other Assets Total$1,351,417$145,526▼ $1,205,891
Liabilities
Other Liabilities$52,729,199$54,368,745▲ $1,639,546
Accounts Payable and Accrued Expenses$567,568$561,658▼ $5,910
Total Liabilities$53,296,767$54,930,403▲ $1,633,636
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,719,547$5,034,441▲ $314,894
Total Liabilities and Net Assets / Fund Balance$58,016,314$59,964,844▲ $1,948,530

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$92,487$75,677$168,164
Leasehold Improvements$43,317$111,516$154,833
Land$130,000-$130,000
Equipment$59,130$46,808$105,938
Other Land Buildings$15,732$14,577$30,309
Other Securities$10,412,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steven J EllisPresident/CEOFT$128,400$13,519$141,919
Gordon BrowningVP of Operations/isFT$97,647$16,983$114,630
Dustin RhodesVP of LendingFT$69,808$15,166$84,974

Board Members and Trustees

NameTitle
Shelia PostleBoard Chair
Heidi PercyVice Chair
Bernard MyersBoard Member
Daniel ThompsonBoard Member
Jeff CraigBoard Member
Steve TorrenceSecretary
Peter RudolfTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,363,866
Investment Income
$302,959
Other Revenue
$46,844
Change in Net Assets
$314,894
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,403,660
Salaries, Compensation, and Employee Benefits$995,115
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$484,721
Current Officers, Directors, Trustees, and Key Employees---$295,855
Information Technology---$221,477
Other Employee Benefits---$109,362
Office Expenses---$99,057
Other Expenses---$79,437
Royalties---$66,170
Payroll Taxes---$63,183
All Other Expenses---$62,649
Advertising---$44,484
Pension Plan Contributions---$41,994
Fees for Services Other---$33,507
Depreciation Depletion---$30,653
Conferences and Meetings---$28,328
Insurance---$22,105
Fees for Services Accounting---$21,396
Fees for Services Management---$7,518
Fees for Services Legal---$2,796
Interest---$192
Total Functional Expenses$0$0$0$2,398,775
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$1,203,814$1,407,608▲ $203,794
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares and Deposits$54,368,745
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The credit union has a membership of 6,544 members.

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

The credit union's membership elects the board of directors and supervisory committee members.

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

Members approve/elect the board of directors. In addition, changes to the state charter and other governing documents are also approved by membership.

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

The information is gathered and submitted to our accounting firm who is responsible for completing and auditing the form for completeness and accuracy. The 990 form is also reviewed and audited by the vp of operations and the president/ceo of the credit union.

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

All officers, directors and employees are required to annually update a conflict of interest questionnaire. Employees are hired and continue their employment with the understanding that our credit union is their primary employer and that other employment or business involvement which conflicts with our business interests or the interests of our members is strictly prohibited. If an activity is contemplated which could result in a real or perceived conflict of interest, the employee must make full disclosure of the activity to management for prior review and approval. The guidelines established in our personnel policy are taken very seriously. Employees who breach or disregard the conflict of interest/ethics policy will be subject to corrective action including termination.

Form 990, Part VI, Section B, Line 15

The board of directors appoints a compensation committee. The compensation committee reviews the annual compensation salary surveys from cuna and other information and makes recommendations to the board of directors regarding annual salary and incentives/bonuses. The board of directors reviews recommendations by the compensation committee and approves the ceo's compensation annually. The president/ceo utilizes the annual compensation salary surveys from cuna and other information to set salaries for other officers of the credit union.

Form 990, Part VI, Section C, Line 19

Governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Snocope Credit Union
EIN
91-0729043
Phone
4253883481
Address
3130 ROCKEFELLER AVE, EVERETT, WA 98201

Signing Officer

Name
Steven J Ellis
Title
President/CEO
Phone
4253883481
Signed
2019-05-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven J Ellis
Formed
1959
Legal Domicile
Wa
Voting Board Members
7
Independent Board Members
7
Employees
18
Volunteers
12

Preparer

Firm
Hauser Jones & Sas Pllc
Address
10940 NE 33RD PLACE SUITE 100, BELLEVUE, WA 98004
Preparer
Roger a Jones CPA
Phone
4258891778
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 6

The only other volunteers other than the board of directors is the supervisory committee members. The credit union's supervisory committee shall assist the board of directors in fulfilling its oversight including but not limited to: the integrity of the credit union's financial statements; the qualifications and independence of the internal audit function; and the performance of the credit union's independent audit function and to supervise any independent auditors.

Form 990, Part V - Additional Information

Form 1096 and all related forms were filed under ein 91-6333244.

Raw XML AppendixShowing 400 of 424 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/OthNotesLoansReceivableNetGrp/EOYAmt041981359
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt063183
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt041994
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0121034
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0130227
IRS990/PrincipalOfficerNm0STEVEN J ELLIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522200
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/BusinessCd4525990
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1CREDIT/DEBIT CARD INTE
IRS990/ProgramServiceRevenueGrp/Desc2FEES & CHARGES
IRS990/ProgramServiceRevenueGrp/Desc3OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc4ATM FEES & CHARGES TO
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01849653
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1285956
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2206959
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt316300
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01849653
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1285956
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2206959
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt316300
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt44998
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt04998
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0280438
IRS990/PYOtherExpensesAmt01320588
IRS990/PYOtherRevenueAmt07037
IRS990/PYProgramServiceRevenueAmt02206798
IRS990/PYRevenuesLessExpensesAmt0189356
IRS990/PYSalariesCompEmpBnftPaidAmt0984329
IRS990/PYTotalExpensesAmt02304917
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02494273
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt01203814
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt01407608
IRS990/ReconcilationRevenueExpnssAmt0314894
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesGrp/TotalAmt066170
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04719547
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05034441
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05649692
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04244293
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt092487
IRS990ScheduleD/BuildingsGrp/DepreciationAmt075677
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0168164
IRS990ScheduleD/EquipmentGrp/BookValueAmt059130
IRS990ScheduleD/EquipmentGrp/DepreciationAmt046808
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0105938
IRS990ScheduleD/LandGrp/BookValueAmt0130000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0130000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt043317
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0111516
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0154833
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt015732
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014577
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt030309
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt054368745
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES AND DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt010412000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0340666
IRS990ScheduleD/TotalBookValueSecuritiesAmt010412000
IRS990ScheduleD/TotalLiabilityAmt054368745
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0SELECT EXECUTIVES AGREED TO PARTICIPATE IN CAP-EX IN PLACE OF A TRADITIONAL SERP. SEE SCHEDULE L, PART V, FOR A BOARDER DESCRIPTION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J PART I LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt01407608
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0SPLIT DOLLAR LIFE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0STEVEN J ELLIS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT/CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE EO PROVIDES SUPPLEMENT RETIREMENT BENEFITS THROUGH AN ALTERNATIVE FUNDING ARRANGEMENT TO THE IRS CALLS "COLLATERAL ASSIGNMENT SPLIT DOLLAR" (CASD). ALTHOUGH THE IRS REQUIRES REPORTING IN THE LOAN SECTION OF SCHEDULE L, CASD IS NOT AN ACTUAL LOAN-NO FUNDS ARE TRANSFERRED TO THE EXECUTIVE. RATHER, THE "LOAN" TREATMENT APPLIES BECAUSE AFTER THE EXECUTIVE HAS RECEIVED RETIREMENT BENEFITS, THE EO RECOVERS ALL OF ITS OUTLAYS PLUS INTEREST.THE RECOVERY RIGHT IS A KEY ADVANTAGE OF CASD FOR THE EO. RATHER THAN PAYING RETIREMENT BENEFITS TO THE EXECUTIVE THAT WOULD NEVER BE RECOVERED, UNDER CASD THE EO RECOVERS NOT ONLY ITS OUTLAYS, BUT ALSO CONSIDERATION FOR THE TIME VALUE OF MONEY.CASD WORKS AS FOLLOWS. THE EO DEPOSITS FUNDS INTO A CASH VALUE LIFE INSURANCE POLICY ON THE EXECUTIVE'S LIFE. DURING LIFE, TO THE EXTENT THE EXECUTIVE FULFILLS SERVICE AND VESTING REQUIREMENTS, THE EXECUTIVE CAN BORROW AGAINST VALUES IN THE POLICY TO SUPPLEMENT RETIREMENT INCOME. POLICY PERFORMANCE IS CLOSELY MONITORED. IF POLICY PERFORMANCE LAGS, THE EXECUTIVE'S BORROWING RIGHTS ARE REDUCED TO PROTECT THE EO'S RECOVERY RIGHTS.AT THE EXECUTIVE'S DEATH, THE POLICY DEATH PROCEEDS ARE FIRST USED TO REPAY THE EO ITS DEPOSITS PLUS COMPOUNDED INTEREST (AT THE IRS LONG-TERM APPLICABLE FEDERAL RATE.) THE EXECUTIVE'S BENEFICIARY THEN RECEIVES ANY PROJECTED RETIREMENT BORROWING THE EXECUTIVE DID NOT ACCESS DURING LIFE. ANY REMAINING DEATH PROCEEDS- -ARE AVAILABLE TO BE PAID TO THE EXECUTIVE'S BENEFICIARY -ARE DIVIDED BETWEEN THE EO AND THE EXECUTIVE'S BENEFICIARY -WERE AVAILABLE TO BE PAID TO THE EXECUTIVE'S BENEFICIARY. HOWEVER, THE EXECUTIVE DECIDED TO MAKE A GIFT OF THE EXCESS PROCEEDS TO THE EO TO PROVIDE ADDITIONAL FUNDING FOR THE EO'S CHARITABLE ACTIVITIES.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART II LOANS TO AND FROM INTEREST PERSONS:
IRS990ScheduleL/TotalBalanceDueAmt01407608
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ONLY OTHER VOLUNTEERS OTHER THAN THE BOARD OF DIRECTORS IS THE SUPERVISORY COMMITTEE MEMBERS. THE CREDIT UNION'S SUPERVISORY COMMITTEE SHALL ASSIST THE BOARD OF DIRECTORS IN FULFILLING ITS OVERSIGHT INCLUDING BUT NOT LIMITED TO: THE INTEGRITY OF THE CREDIT UNION'S FINANCIAL STATEMENTS; THE QUALIFICATIONS AND INDEPENDENCE OF THE INTERNAL AUDIT FUNCTION; AND THE PERFORMANCE OF THE CREDIT UNION'S INDEPENDENT AUDIT FUNCTION AND TO SUPERVISE ANY INDEPENDENT AUDITORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 1096 AND ALL RELATED FORMS WERE FILED UNDER EIN 91-6333244.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION HAS A MEMBERSHIP OF 6,544 MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CREDIT UNION'S MEMBERSHIP ELECTS THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBERS APPROVE/ELECT THE BOARD OF DIRECTORS. IN ADDITION, CHANGES TO THE STATE CHARTER AND OTHER GOVERNING DOCUMENTS ARE ALSO APPROVED BY MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE INFORMATION IS GATHERED AND SUBMITTED TO OUR ACCOUNTING FIRM WHO IS RESPONSIBLE FOR COMPLETING AND AUDITING THE FORM FOR COMPLETENESS AND ACCURACY. THE 990 FORM IS ALSO REVIEWED AND AUDITED BY THE VP OF OPERATIONS AND THE PRESIDENT/CEO OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL OFFICERS, DIRECTORS AND EMPLOYEES ARE REQUIRED TO ANNUALLY UPDATE A CONFLICT OF INTEREST QUESTIONNAIRE. EMPLOYEES ARE HIRED AND CONTINUE THEIR EMPLOYMENT WITH THE UNDERSTANDING THAT OUR CREDIT UNION IS THEIR PRIMARY EMPLOYER AND THAT OTHER EMPLOYMENT OR BUSINESS INVOLVEMENT WHICH CONFLICTS WITH OUR BUSINESS INTERESTS OR THE INTERESTS OF OUR MEMBERS IS STRICTLY PROHIBITED. IF AN ACTIVITY IS CONTEMPLATED WHICH COULD RESULT IN A REAL OR PERCEIVED CONFLICT OF INTEREST, THE EMPLOYEE MUST MAKE FULL DISCLOSURE OF THE ACTIVITY TO MANAGEMENT FOR PRIOR REVIEW AND APPROVAL. THE GUIDELINES ESTABLISHED IN OUR PERSONNEL POLICY ARE TAKEN VERY SERIOUSLY. EMPLOYEES WHO BREACH OR DISREGARD THE CONFLICT OF INTEREST/ETHICS POLICY WILL BE SUBJECT TO CORRECTIVE ACTION INCLUDING TERMINATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD OF DIRECTORS APPOINTS A COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE REVIEWS THE ANNUAL COMPENSATION SALARY SURVEYS FROM CUNA AND OTHER INFORMATION AND MAKES RECOMMENDATIONS TO THE BOARD OF DIRECTORS REGARDING ANNUAL SALARY AND INCENTIVES/BONUSES. THE BOARD OF DIRECTORS REVIEWS RECOMMENDATIONS BY THE COMPENSATION COMMITTEE AND APPROVES THE CEO'S COMPENSATION ANNUALLY. THE PRESIDENT/CEO UTILIZES THE ANNUAL COMPENSATION SALARY SURVEYS FROM CUNA AND OTHER INFORMATION TO SET SALARIES FOR OTHER OFFICERS OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART V - ADDITIONAL INFORMATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt058016314
IRS990/TotalAssetsEOYAmt059964844
IRS990/TotalAssetsGrp/BOYAmt058016314
IRS990/TotalAssetsGrp/EOYAmt059964844
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/TotalAmt02398775
IRS990/TotalGrossUBIAmt014677
IRS990/TotalLiabilitiesBOYAmt053296767
IRS990/TotalLiabilitiesEOYAmt054930403
IRS990/TotalLiabilitiesGrp/BOYAmt053296767
IRS990/TotalLiabilitiesGrp/EOYAmt054930403
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04719547
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05034441
IRS990/TotalOtherCompensationAmt045668
IRS990/TotalProgramServiceRevenueAmt02363866
IRS990/TotalReportableCompFromOrgAmt0295855
IRS990/TotalRevenueGrp/ExclusionAmt0302959
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02396033
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02713669
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt014677
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt058016314
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt059964844
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03130 ROCKEFELLER AVE
IRS990/USAddress/CityNm0EVERETT
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098201
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.SNOCOPE.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVEN J ELLIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04253883481
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SNOCOPE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0SNOC
ReturnHeader/Filer/EIN0910729043
ReturnHeader/Filer/PhoneNum04253883481
ReturnHeader/Filer/USAddress/AddressLine1Txt03130 ROCKEFELLER AVE

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