Civic Intelligence

Pacific Northwest Credit Union

EIN 91-0839243 • 501(c)14 • Bellingham, WA

Profile

Organization makes capital available to members who have borrowing needs while mutually providing savings and other financial services to all members.

3250 Northwest AvenueBellingham, WA 98225-1318

www.pacificnwcu.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

63rd percentile

0.88x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

77th percentile

23.91x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2014

Net Margin

31st percentile

-1.3%

Higher net margin than 31% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

78th percentile

3.7%

Faster asset growth than 78% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

35th percentile

2.8%

Faster revenue growth than 35% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Up

$20,112,394

Up $713,785 (+3.7%) from 2013

Liabilities

Up

$17,798,777

Up $723,097 (+4.2%) from 2013

Net Assets

Down

$2,313,617

Down $9,312 (-0.4%) from 2013

Revenue

Up

$744,395

Up $20,241 (+2.8%) from 2013

Expenses

Down

$753,708

Down $319 (-0.0%) from 2013

Net Income

Up

-$9,313

Up $20,560 (+69%) from 2013

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $17,396,386Liabilities 2010: $15,035,911Net Assets 2010: $2,360,4752010Assets 2011: $19,031,942Liabilities 2011: $16,685,700Net Assets 2011: $2,346,2422011Assets 2012: $19,071,896Liabilities 2012: $16,719,094Net Assets 2012: $2,352,8022012Assets 2013: $19,398,609Liabilities 2013: $17,075,680Net Assets 2013: $2,322,9292013Assets 2014: $20,112,394Liabilities 2014: $17,798,777Net Assets 2014: $2,313,6172014

Highlighted filing

2014

Assets$20,112,394
Liabilities$17,798,777
Net Assets$2,313,617

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $838,0322010Expenses 2011: $795,6932011Revenue 2012: $770,318Expenses 2012: $763,758Net Income 2012: $6,5602012Revenue 2013: $724,154Expenses 2013: $754,027Net Income 2013: -$29,8732013Revenue 2014: $744,395Expenses 2014: $753,708Net Income 2014: -$9,3132014

Highlighted filing

2014

Revenue$744,395
Expenses$753,708
Net Income-$9,313

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 18, 2015
Return Version
2014v5.0
Gross Receipts
$744,395
Mission and Program Overview

Mission

Organization makes capital available to members who have borrowing needs while mutually providing savings and other financial services to all members.

Credit union provides financial services as well as mutual lending and savings to its membership

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$8,366,988$8,619,866▲ $252,878
Investments in Publicly Traded Securities$6,565,132$5,525,132▼ $1,040,000
Cash and Non-Interest-Bearing Accounts$3,443,799$4,953,406▲ $1,509,607
Rtn Earn Endowment Incm Other Fnds$2,322,929$2,313,617▼ $9,312
Land, Buildings, and Equipment, Net$721,161$709,131▼ $12,030
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$19,398,609$20,112,394▲ $713,785
Other Assets Total$301,529$304,859▲ $3,330
Liabilities
Other Liabilities$17,075,680$17,798,777▲ $723,097
Total Liabilities$17,075,680$17,798,777▲ $723,097
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,322,929$2,313,617▼ $9,312
Total Liabilities and Net Assets / Fund Balance$19,398,609$20,112,394▲ $713,785

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$53,171$539,907$593,078
Buildings$240,639$196,887$437,526
Land$412,623-$412,623
Other Land Buildings$2,698$24,271$26,969
Leasehold Improvements$0$26,761$26,761
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Karin PelanPresident/CEOFT$60,071$60,071
Kathy CarverVice President LendingFT$55,769$55,769
Laura a MellandVice President OperationsFT$47,439$47,439
Kelli HobackFinancial OfficerPT$14,532$14,532

Board Members and Trustees

NameTitle
Ronda WilkinsonBoard Vice-chair Person
Ea Everett ThompsonVice-chair/sup. Committee
Douglas a FuhsBoard of Directors
Jair FurnasBoard of Directors
Ken MarchBoard of Directors
Laverne KingBoard of Directors
Shelley McilroyBoard of Directors
John P Giarde JrBoard Secretary
Wendy ReidSupervisory Committee Chai
Gary DulingSupervisory Committee Secr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$635,216
Investment Income
$109,179
Other Revenue
$0
Change in Net Assets
$-9,313
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$384,449
Other Expenses$335,121
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$177,811
Office Expenses---$142,190
Other Salaries and Wages---$118,807
Other Employee Benefits---$62,691
Occupancy---$34,554
Benefits to Members---$34,138
Depreciation Depletion---$27,699
Payroll Taxes---$25,140
Information Technology---$10,459
All Other Expenses---$9,450
Other Expenses---$8,445
Travel---$556
Total Functional Expenses$0$0$0$753,708
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
Deposits$17,518,569
Clearings & Exceptions$158,222
Other Liabilities$121,986
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
No
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 organization has persons who, pursuant to provisions of the organization's governing documents, have the right to participate in the organization's governance through their elected delegates or to receive distributions of net assets upon dissolution of the organization. The members have the right approve certain significant decisions of the governing body.

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

The organization has members who may elect one or more members of the governing body.

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

A 2/3 majority vote of the membership is required for the credit union to be merged with another credit union.

Form 990, Part VI, Section B, Line 11

The board of directors reviews every page of form 990 prior to filing with the internal revenue service to confirm that it complies with the credit union's financial statements and all questions are answered candidly and correctly.

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

Annually, each board member signs an agreement to refrain from actions that could be construed as a conflict of interest. The president/ceo is in monthly communication with the board of directors and monitors their actions in regard to potential conflicts during such interchanges. The president/ceo takes appropriate action if she detects a conflict involving officers, diretors, and committee members.

Form 990, Part VI, Section B, Line 15A

The board of directors sets the compensation of the president/ceo by researching publications designed for the credit union industry. Their efforts and decisions are documented in the minutes of the meetings of the board of directors.

Form 990, Part VI, Section C, Line 19

Governing documents and conflict of interest policies are available upon request. Year-end financial statments are posted in the lobby of the credit union. Interim period financial statements are available on request.

Filing and Contact Details

Filer

Filer Name
Pacific Northwest Credit Union
EIN
91-0839243
Phone
3606470560
Address
3250 NORTHWEST AVENUE, BELLINGHAM, WA 98225-1318

Signing Officer

Name
Karin Pelan
Title
President/CEO
Phone
3606470560
Signed
2015-06-18

Organization Details

Principal Officer
Karin Pelan
Formed
1967
Legal Domicile
Wa
Voting Board Members
7
Independent Board Members
7
Employees
8
Volunteers
10

Preparer

Firm
Schenk & Smart Ps
Address
20021 BALLINGER WAY NE SUITE C, SEATTLE, WA 98155-1297
Preparer
Daniel Smart
Phone
2063646059
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING 1.

Raw XML AppendixShowing 400 of 518 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/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02322929
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02313617
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0240639
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0196887
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0437526
IRS990ScheduleD/EquipmentGrp/BookValueAmt053171
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0539907
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0593078
IRS990ScheduleD/LandGrp/BookValueAmt0412623
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0412623
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt026761
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt026761
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02698
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt024271
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt026969
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017518569
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1158222
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2121986
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CLEARINGS & EXCEPTIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0709131
IRS990ScheduleD/TotalLiabilityAmt017798777
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt07649
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1272385
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt238004
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt310735
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt43317
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt51986
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt6806
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt713398
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt80
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt924087
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt10418
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1115436
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1219320
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt131601
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd50
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd60
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd70
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd80
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd91
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd100
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd110
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd120
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd130
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0LAURA MELLAND
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd50
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd60
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd70
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd80
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd90
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd100
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd110
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd120
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd130
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd5X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd6X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd7X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd8X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd9X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd10X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd11X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd12X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd13X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0AUTO PURCHASE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1HOME MORTGAGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2HOME EQUITY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3VISA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4AUTO PURCHASE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt5VISA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt6VISA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt7AUTO PURCHASE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt8VISA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt9AUTO PURCHASE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt10VISA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt11HOME EQUITY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt12HOME EQUITY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt13VISA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt016000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1298929
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt242200
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt47373
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt50
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt60
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt723227
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt80
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt926048
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt100
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1150000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1220000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt130
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0KARIN PELAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1KARIN PELAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2VERN KING
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3VERN KING
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4JOHN GIARDE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm5JOHN GIARDE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm6JAIR FURNAS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm7KEN MARCH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm8KEN MARCH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm9KARIN PELAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm10SHELLEY MCILROY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm11KATHY CARVER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm12LAURA MELLAND
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT/CEO

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