Civic Intelligence

Credit Unions in the State of Washi Ngton

990 • Fiscal year 2014 • EIN 91-6035907

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

Organization Profilewww.qualstarcu.com

View Organization Page

PO Box 96730Bellevue, WA 98009-7730

(800) 848-0018

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.87x

Higher debt load relative to assets than 22% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Liabilities / Revenue

40th percentile

17.18x

Higher debt load relative to revenue than 40% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Net Margin

81st percentile

22%

Higher net margin than 81% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Top Officer Pay

41st percentile

$341,606

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Asset Growth

76th percentile

8.0%

Faster asset growth than 76% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Revenue Growth

21st percentile

-2.1%

Faster revenue growth than 21% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$373,370,188

Up $27,656,750 (+8.0%) from 2013

Net Assets

Up

$47,998,177

Up $4,140,398 (+9.4%) from 2013

Liabilities

Up

$325,372,011

Up $23,516,352 (+7.8%) from 2013

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin81st percentile

Revenue

Down

$18,933,876

Down $401,834 (-2.1%) from 2013

Expenses

Down

$14,761,547

Down $549,531 (-3.6%) from 2013

Net Income

Up

$4,172,329

Up $147,697 (+3.7%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$1.0B$500M$0Assets 2011: $316,715,485Liabilities 2011: $280,907,787Net Assets 2011: $35,807,6982011Assets 2012: $327,726,412Liabilities 2012: $287,873,584Net Assets 2012: $39,852,8282012Assets 2013: $345,713,438Liabilities 2013: $301,855,659Net Assets 2013: $43,857,7792013Assets 2014: $373,370,188Liabilities 2014: $325,372,011Net Assets 2014: $47,998,1772014Assets 2015: $413,167,721Liabilities 2015: $360,971,536Net Assets 2015: $52,196,1852015Assets 2016: $471,645,991Liabilities 2016: $414,097,651Net Assets 2016: $57,548,3402016Assets 2017: $594,269,954Liabilities 2017: $522,965,231Net Assets 2017: $71,304,7232017Assets 2018: $589,208,613Liabilities 2018: $510,832,393Net Assets 2018: $78,376,2202018Assets 2019: $630,180,342Liabilities 2019: $551,233,460Net Assets 2019: $78,946,8822019Assets 2020: $733,482,561Liabilities 2020: $646,834,042Net Assets 2020: $86,648,5192020Assets 2021: $811,506,750Liabilities 2021: $713,747,924Net Assets 2021: $97,758,8262021Assets 2022: $772,976,496Liabilities 2022: $681,466,632Net Assets 2022: $91,509,8642022Assets 2023: $983,585,639Liabilities 2023: $871,789,810Net Assets 2023: $111,795,8292023Assets 2024: $832,351,744Liabilities 2024: $700,755,324Net Assets 2024: $131,596,4202024

Highlighted filing

2014

Assets$373,370,188
Liabilities$325,372,011
Net Assets$47,998,177
Open 2014 Filing

Operations Trend

Revenue Growth21st percentile

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

$60M$40M$20M$0Expenses 2011: $19,062,1242011Expenses 2012: $17,637,6952012Revenue 2013: $19,335,710Expenses 2013: $15,311,078Net Income 2013: $4,024,6322013Revenue 2014: $18,933,876Expenses 2014: $14,761,547Net Income 2014: $4,172,3292014Revenue 2015: $20,754,667Expenses 2015: $16,507,908Net Income 2015: $4,246,7592015Revenue 2016: $22,780,500Expenses 2016: $18,385,129Net Income 2016: $4,395,3712016Revenue 2017: $26,761,156Expenses 2017: $22,481,490Net Income 2017: $4,279,6662017Revenue 2018: $32,561,678Expenses 2018: $25,719,992Net Income 2018: $6,841,6862018Revenue 2019: $38,501,994Expenses 2019: $28,865,374Net Income 2019: $9,636,6202019Revenue 2020: $38,241,768Expenses 2020: $30,025,249Net Income 2020: $8,216,5192020Revenue 2021: $39,989,518Expenses 2021: $25,471,364Net Income 2021: $14,518,1542021Revenue 2022: $35,866,616Expenses 2022: $25,023,764Net Income 2022: $10,842,8522022Revenue 2023: $52,455,108Expenses 2023: $45,480,230Net Income 2023: $6,974,8782023Revenue 2024: $58,863,677Expenses 2024: $49,819,511Net Income 2024: $9,044,1662024

Highlighted filing

2014

Revenue$18,933,876
Expenses$14,761,547
Net Income$4,172,329
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$18,933,876
Mission and Program Overview

Mission

Provide financial products & services

We are a credit union providing financial products & services to members

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$179,417,358$207,452,435▲ $28,035,077
Investments Other Securities$129,238,019$125,207,701▼ $4,030,318
Rtn Earn Endowment Incm Other Fnds$43,857,779$47,998,177▲ $4,140,398
Savings and Temporary Cash Investments$25,616,269$24,169,612▼ $1,446,657
Prepaid Expenses and Deferred Charges$209,466$4,281,956▲ $4,072,490
Accounts Receivable$1,768,886$2,949,088▲ $1,180,202
Land, Buildings, and Equipment, Net$1,710,103$1,935,895▲ $225,792
Cash and Non-Interest-Bearing Accounts$1,169,773$1,394,648▲ $224,875
Receivables From Officers Etc$1,004,995$1,014,463▲ $9,468
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$345,713,438$373,370,188▲ $27,656,750
Other Assets Total$5,578,569$4,964,390▼ $614,179
Liabilities
Other Liabilities$293,839,986$316,962,557▲ $23,122,571
Accounts Payable and Accrued Expenses$7,745,352$8,092,017▲ $346,665
Escrow Account Liability$270,321$317,437▲ $47,116
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$301,855,659$325,372,011▲ $23,516,352
Net Assets / Fund Balance
Total Net Assets Fund Balance$43,857,779$47,998,177▲ $4,140,398
Total Liabilities and Net Assets / Fund Balance$345,713,438$373,370,188▲ $27,656,750

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,005,160$1,592,555$0
Other Land Buildings$431,843$2,818,453$0
Land$399,359-$0
Equipment$64,438$1,904,511$0
Leasehold Improvements$35,095$2,149,420$0
Other Securities$25,000--
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark R NelsonPresidentFT$232,755$108,851$341,606
Michael G ElfstromCFOFT$134,860$50,457$185,317
Robert ArbuckleCOAFT$121,091$44,909$166,000
Kara TaylorVP of I.s.FT$126,079$10,717$136,796
Laurie BrownVP of OperationsFT$109,057$10,947$120,004
Tracey ElfstromVP of Member RelationsFT$109,789$4,552$114,341
Stephen WebsterVP of MortgageFT$100,701$9,604$110,305
Charlie AndrewsBoard Member-$1,087-$1,087
Joel SchmidtBoard Member-$1,030-$1,030
Gene ViaVice Chairman-$601-$601

Board Members and Trustees

NameTitle
Richard UrnessBoard Chairman
Kim BrownBoard Member
Lawrence Bindner JrBoard Member
Mitchell JohnsonBoard Member
Noel McmurtrayBoard Member
Bill RochesterBoard Secretary/Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
JHA Payment Processing SolutionsPayment card and ATM processingPO Box 91101, Seattle, WA 98111$446,016
Co-op Financial ServicesShared Branching And Atm Network Provider9692 HAVEN AVE, Rancho Cucamonga, CA 91730$422,297
Kaye Smith Business GraphicsPrinting and statement production/mailing4101 Oakdale Ave SW, Renton, WA 98057$414,030
VisaCredit card processorPO Box 8999, San Francisco, CA 94128$307,653
Jack Henry & Associates (Symitar)Core processing for credit unions8985 Balboa Ave, San Diego, CA 92123$251,800
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$17,803,734
Investment Income
$1,130,142
Other Revenue
$0
Change in Net Assets
$4,172,329
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,622,457
Salaries, Compensation, and Employee Benefits$7,139,090
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$4,613,292
Interest---$2,052,554
Fees for Services Other---$1,838,826
Office Expenses---$1,441,437
Other Employee Benefits---$843,972
Advertising---$769,862
Pension Plan Contributions---$675,328
Current Officers, Directors, Trustees, and Key Employees---$614,231
Occupancy---$475,775
Payroll Taxes---$392,267
Information Technology---$284,922
Insurance---$261,756
Other Expenses---$217,898
Depreciation Depletion---$175,250
Conferences and Meetings---$154,015
Fees for Services Accounting---$74,000
Fees for Services Legal---$69,122
Payment Travel Entrtnmnt Publicly Ofcl---$61,224
Total Functional Expenses$0$0$0$14,761,547
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$1,004,995$1,014,463▲ $9,468
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Deposits$316,962,557
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Each person seeking membership must be qualified for membership and must submit an application to the credit union. Each application shall be acted upon by the Board or, if the Board so chooses, membership representatives may be trained and authorized to approve applications. The applicant shall become a member when such application has been approved by the Board, or if applicable, the membership representatives and upon his/her subscription to at least one credit union product, or deposit, or loan account.”

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

“A Nominating Committee, made up of not fewer than three members, nominates at least one member for each Board vacancy. The Board secretary shall notify in writing all members eligible to vote at least 75 days prior to the annual meeting and that nominations for vacancy may also be made by petition signed by one percent of the members with a minimum of 20 and a maximum of 500. The written notice shall indicate that the election will not be conducted by ballot and there will be no nomination from the floor when there is only one nominee for each position to be filled. All elections shall be determined by plurality of vote and shall be by ballot except where there is only one nominee for each position to be filled.”

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

“The Form 990 was prepared by the VP of Finance and reviewed by the CFO prior to submission to the IRS. Both the VP of Finance and CFO are Certified Public Accountants.”

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

“Disclosure is required of all potential conflicts of interest, either business or personal relationships with employees, members, vendors, business associates, or competitors of the credit union. The credit union will also retain on file all written reports of any disclosures made regarding the Credit Union Code of Conduct. Employees, officers, and Directors of the credit union are required to acknowledge that they have read and understand the Code of Conduct and any subsequent modifications, and that they agree to comply with this policy. Employees and officers are required to disclose this information annually.”

Form 990, Part VI, Section B, Line 15

“The organization uses a Compensation Committee to establish the CEO compensation. The committee also uses an independent compensation consultant, written employment contract, and compensation survey or study.”

Form 990, Part VI, Section C, Line 19

“This information would be available upon request.”

Filing and Contact Details

Filer

Filer Name
Qualstar Credit Union
EIN
91-6035907
Phone
8008480018
Address
PO BOX 96730, BELLEVUE, WA 98009-7730

Signing Officer

Name
Michael Elfstrom
Title
Chief Financial Officer
Phone
8008480018
Signed
2015-11-16

Organization Details

Principal Officer
Mark Nelson
Formed
1952
Legal Domicile
Wa
Voting Board Members
9
Independent Board Members
9
Employees
122
Volunteers
9
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional and outside services to support the credit union such as courier and mailing, card network charges, and shared branching network charges.”

Financial Statement Notes

Schedule D, Part IV, Line 2B

“The escrow account is for property taxes and payments collected from members who originated their mortgage loans at Qualstar Credit Union and the loans were sold to FNMA.”

Raw XML AppendixShowing 400 of 634 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.

Path#Value
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IRS990/ActivityOrMissionDesc0WE ARE A CREDIT UNION PROVIDING FINANCIAL PRODUCTS & SERVICES TO MEMBERS
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IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt934920
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1021952
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1121820
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1210717
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1310947
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt144552
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt159604
IRS990/Form990PartVIISectionAGrp/PersonNm0GENE VIA
IRS990/Form990PartVIISectionAGrp/PersonNm1KIM BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm2MITCHELL JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm3CHARLIE ANDREWS
IRS990/Form990PartVIISectionAGrp/PersonNm4BILL ROCHESTER
IRS990/Form990PartVIISectionAGrp/PersonNm5NOEL MCMURTRAY
IRS990/Form990PartVIISectionAGrp/PersonNm6LAWRENCE BINDNER JR
IRS990/Form990PartVIISectionAGrp/PersonNm7RICHARD URNESS
IRS990/Form990PartVIISectionAGrp/PersonNm8JOEL SCHMIDT
IRS990/Form990PartVIISectionAGrp/PersonNm9MARK R NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm10MICHAEL G ELFSTROM
IRS990/Form990PartVIISectionAGrp/PersonNm11ROBERT ARBUCKLE
IRS990/Form990PartVIISectionAGrp/PersonNm12KARA TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm13LAURIE BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm14TRACEY ELFSTROM
IRS990/Form990PartVIISectionAGrp/PersonNm15STEPHEN WEBSTER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0601
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt31087
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt81030
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9306686
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10163365
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11144180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12126079
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13109057
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14109789
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15100701
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/TitleTxt0Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9President
IRS990/Form990PartVIISectionAGrp/TitleTxt10CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt11COA
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP OF I.S.
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP OF MEMBER RELATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP OF MORTGAGE
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01952
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt035408
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt035408
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt00
IRS990/GrossReceiptsAmt018933876
IRS990/GroupExemptionNum01269
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0284922
IRS990/InsuranceGrp/TotalAmt0261756
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt02052554
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01094734
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01094734
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0129238019
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0125207701
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt034909
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08464939
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01710103
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01935895
IRS990/LandBldgEquipCostOrOtherBssAmt010400834
IRS990/LegalDomicileStateCd0WA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE FINANCIAL PRODUCTS & SERVICES
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt043857779
IRS990/NetAssetsOrFundBalancesEOYAmt047998177
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt035408
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt035408
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt0-18236
IRS990/NetUnrlzdGainsLossesInvstAmt0-31931
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0475775
IRS990/OfficeExpensesGrp/TotalAmt01441437
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05578569
IRS990/OtherAssetsTotalGrp/EOYAmt04964390
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0843972
IRS990/OtherExpensesGrp/Desc0Loan Servicing
IRS990/OtherExpensesGrp/Desc1Provision for Loan Losses
IRS990/OtherExpensesGrp/Desc2Miscellaneous
IRS990/OtherExpensesGrp/TotalAmt0429824
IRS990/OtherExpensesGrp/TotalAmt1-684008
IRS990/OtherExpensesGrp/TotalAmt2217898
IRS990/OtherLiabilitiesGrp/BOYAmt0293839986
IRS990/OtherLiabilitiesGrp/EOYAmt0316962557
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt04613292
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0179417358
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0207452435
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt0392267
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0675328
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0209466
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04281956
IRS990/PrincipalOfficerNm0MARK NELSON
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc1Fee Income
IRS990/ProgramServiceRevenueGrp/Desc2Other Operating Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011392154
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13727507
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22543458
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011392154
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13735879
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22675701
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt18372
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt2132243
IRS990/ProgSrvcAccomActy2Grp/Desc0The credit union expenses -$684,008 in provision for loan loss costs for the year. The expense was to fund the accrual for doubtful loans on the balance sheet. The credit union has about 20,000 open loan accounts.
IRS990/ProgSrvcAccomActy3Grp/Desc0The credit union expensed $429,824 during the year for loan servicing costs. These costs were paid to originate and service loans to members. The credit union has about 20,000 open loan accounts.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01044822
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt061224
IRS990/PYOtherExpensesAmt08608813
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt018290888
IRS990/PYRevenuesLessExpensesAmt04024632
IRS990/PYSalariesCompEmpBnftPaidAmt06702265
IRS990/PYTotalExpensesAmt015311078

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$373,370,188
Liabilities
$325,372,011
Net assets
$47,998,177
Revenue
$18,933,876
Expenses
$14,761,547
Net income
$4,172,329
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$832$701$132$58.9$49.8$9.04
2023Summary only. Only limited summary data is available for this year.$984$872$112$52.5$45.5$6.97
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$773$681$91.5$35.9$25.0$10.8
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$812$714$97.8$40.0$25.5$14.5
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$733$647$86.6$38.2$30.0$8.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$630$551$78.9$38.5$28.9$9.64
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$589$511$78.4$32.6$25.7$6.84
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$594$523$71.3$26.8$22.5$4.28
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$472$414$57.5$22.8$18.4$4.40
2015Detailed filing. Detailed filing data is available for this year.$413$361$52.2$20.8$16.5$4.25
2014Detailed filing. Detailed filing data is available for this year.$373$325$48.0$18.9$14.8$4.17
2013Detailed filing. Detailed filing data is available for this year.$346$302$43.9$19.3$15.3$4.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$328$288$39.9$17.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$317$281$35.8$19.1