Civic Intelligence

Snocope Credit Union

990 • Fiscal year 2019 • EIN 91-0729043

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 07, 2020

3130 Rockefeller AveEverett, WA 98201

(425) 405-9973

Siviq Scores

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

Liabilities / Assets

90th percentile

0.91x

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

2019 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

71st percentile

19.07x

Higher debt load relative to revenue than 71% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2019

Net Margin

61st percentile

14%

Higher net margin than 61% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

58th percentile

$148,115

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2019

Asset Growth

55th percentile

3.9%

Faster asset growth than 55% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

70th percentile

9.8%

Faster revenue growth than 70% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Assets

Up

$62,309,253

Up $2,344,409 (+3.9%) from 2018

Net Assets

Up

$5,464,268

Up $429,827 (+8.5%) from 2018

Liabilities

Up

$56,844,985

Up $1,914,582 (+3.5%) from 2018

Revenue

Up

$2,980,586

Up $266,917 (+9.8%) from 2018

Expenses

Up

$2,550,759

Up $151,984 (+6.3%) from 2018

Net Income

Up

$429,827

Up $114,933 (+36%) from 2018

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

2019

Assets$62,309,253
Liabilities$56,844,985
Net Assets$5,464,268

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

2019

Revenue$2,980,586
Expenses$2,550,759
Net Income$429,827
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 7, 2020
Return Version
2019v5.1
Gross Receipts
$2,980,586
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$41,981,359$43,391,235▲ $1,409,876
Investments Other Securities$10,412,000$11,465,000▲ $1,053,000
Rtn Earn Endowment Incm Other Fnds$5,034,441$5,464,268▲ $429,827
Savings and Temporary Cash Investments$4,244,293$3,835,345▼ $408,948
Receivables From Officers Etc$1,407,608$1,619,321▲ $211,713
Cash and Non-Interest-Bearing Accounts$604,283$659,690▲ $55,407
Investments Program Related$604,470$625,939▲ $21,469
Land, Buildings, and Equipment, Net$340,666$342,622▲ $1,956
Prepaid Expenses and Deferred Charges$130,227$194,455▲ $64,228
Accounts Receivable$94,412$2,797▼ $91,615
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$59,964,844$62,309,253▲ $2,344,409
Other Assets Total$145,526$172,849▲ $27,323
Liabilities
Other Liabilities$54,368,745$56,306,683▲ $1,937,938
Accounts Payable and Accrued Expenses$561,658$538,302▼ $23,356
Total Liabilities$54,930,403$56,844,985▲ $1,914,582
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,034,441$5,464,268▲ $429,827
Total Liabilities and Net Assets / Fund Balance$59,964,844$62,309,253▲ $2,344,409

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$88,283$79,881$168,164
Leasehold Improvements$37,045$117,788$154,833
Equipment$72,571$68,271$140,842
Land$130,000-$130,000
Other Land Buildings$14,723$21,486$36,209
Other Securities$11,465,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steven J EllisPresident/CEOFT$134,320$13,795$148,115
Gordon BrowningVP of Operations/isFT$96,445$17,752$114,197
Dustin RhodesVP of LendingFT$83,866$16,898$100,764

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,604,384
Investment Income
$358,254
Other Revenue
$17,948
Change in Net Assets
$429,827
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,498,215
Salaries, Compensation, and Employee Benefits$1,052,544
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$506,000
Current Officers, Directors, Trustees, and Key Employees---$314,631
Information Technology---$258,843
Other Employee Benefits---$111,378
All Other Expenses---$107,829
Office Expenses---$94,247
Other Expenses---$89,560
Royalties---$68,308
Payroll Taxes---$66,083
Pension Plan Contributions---$54,452
Advertising---$54,382
Depreciation Depletion---$35,422
Fees for Services Other---$31,362
Conferences and Meetings---$25,581
Insurance---$21,398
Fees for Services Accounting---$19,208
Fees for Services Management---$7,538
Fees for Services Legal---$1,124
Interest---$302
Total Functional Expenses$0$0$0$2,550,759
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$1,407,608$1,619,321▲ $211,713
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares and Deposits$56,306,683
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 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
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 6,712 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
4254059973
Address
3130 ROCKEFELLER AVE, EVERETT, WA 98201

Signing Officer

Name
Steven J Ellis
Title
President/CEO
Phone
4254059973
Signed
2020-07-07
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
17
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/OtherRevenueTotalAmt017948
IRS990/OtherSalariesAndWagesGrp/TotalAmt0506000
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt041981359
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt043391235
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt066083
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt054452
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0130227
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0194455
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/RelatedOrExemptFuncIncomeAmt02083275
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1295580
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2197852
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt321472
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02083275
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1295580
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2197852
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt321472
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt46205
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt06205
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0302959
IRS990/PYOtherExpensesAmt01403660
IRS990/PYOtherRevenueAmt046844
IRS990/PYProgramServiceRevenueAmt02363866
IRS990/PYRevenuesLessExpensesAmt0314894
IRS990/PYSalariesCompEmpBnftPaidAmt0995115
IRS990/PYTotalExpensesAmt02398775
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02713669
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt01407608
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt01619321
IRS990/ReconcilationRevenueExpnssAmt0429827
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesGrp/TotalAmt068308
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05034441
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05464268
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04244293
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03835345
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt088283
IRS990ScheduleD/BuildingsGrp/DepreciationAmt079881
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0168164
IRS990ScheduleD/EquipmentGrp/BookValueAmt072571
IRS990ScheduleD/EquipmentGrp/DepreciationAmt068271
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0140842
IRS990ScheduleD/LandGrp/BookValueAmt0130000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0130000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt037045
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0117788
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0154833
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt014723
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021486
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt036209
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt056306683
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES AND DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt011465000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0342622
IRS990ScheduleD/TotalBookValueSecuritiesAmt011465000
IRS990ScheduleD/TotalLiabilityAmt056306683
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 BROADER DESCRIPTION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J PART I LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt01619321
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/TotalBalanceDueAmt01619321
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 6,712 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/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt059964844
IRS990/TotalAssetsEOYAmt062309253
IRS990/TotalAssetsGrp/BOYAmt059964844
IRS990/TotalAssetsGrp/EOYAmt062309253
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/TotalAmt02550759
IRS990/TotalGrossUBIAmt08705
IRS990/TotalLiabilitiesBOYAmt054930403
IRS990/TotalLiabilitiesEOYAmt056844985
IRS990/TotalLiabilitiesGrp/BOYAmt054930403
IRS990/TotalLiabilitiesGrp/EOYAmt056844985
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05034441
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05464268
IRS990/TotalOtherCompensationAmt048445
IRS990/TotalProgramServiceRevenueAmt02604384
IRS990/TotalReportableCompFromOrgAmt0314631
IRS990/TotalRevenueGrp/ExclusionAmt0358254
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02613627
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02980586
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt08705
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt059964844
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt062309253
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/BuildTS02022-01-07 14:23:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVEN J ELLIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04254059973
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SNOCOPE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0SNOC
ReturnHeader/Filer/EIN0910729043
ReturnHeader/Filer/PhoneNum04254059973
ReturnHeader/Filer/USAddress/AddressLine1Txt03130 ROCKEFELLER AVE

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