CREDIT UNIONS IN THE STATE OF WASHINGTON: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- CREDIT UNIONS IN THE STATE OF WASHINGTON (EIN 91-0557925)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-11
- IRS object ID
- 202213159349307381
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-11T17:47:13-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 910189318 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOSS ADAMS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2707 COLBY AVENUE SUITE 801 | AddressLine1Txt |
| City | EVERETT | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98201 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 910557925 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUND CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SOUN | BusinessNameControlTxt |
| Phone | 2535977603 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1595 | AddressLine1Txt |
| City | TACOMA | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98401 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TROY GARRY | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 2535977603 | PhoneNum |
| Signature | 2022-11-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | TROY | PersonFirstNm |
| Person Last | GARRY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | COLLEEN RAMIRES | PreparerPersonNm |
| PTIN | P01251320 | PTIN |
| Phone | 4252597227 | PhoneNum |
| Preparation | 2022-11-07 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DONALD CLARK JR | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1595 | AddressLine1Txt |
| City | TACOMA | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $110,056,507 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.SOUNDCU.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1940 | FormationYr |
| Legal Domicile State | WA | LegalDomicileStateCd |
| Activity Or Mission | COOPERATIVE PROVIDING FINANCIAL SERVICES, INCLUDING LOANS AND SHARE DEPOSITS TO ITS MEMBERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 525 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $236,369 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $96,046,363 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $102,027,323 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,387,711 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,675,217 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$34,626 | PYOtherRevenueAmt |
| CY Other Revenue | -$90,965 | CYOtherRevenueAmt |
| PY Total Revenue | $98,399,448 | PYTotalRevenueAmt |
| CY Total Revenue | $105,611,575 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $312,258 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $219,500 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $34,391,674 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $36,800,649 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $45,220,437 | PYOtherExpensesAmt |
| CY Other Expenses | $43,954,225 | CYOtherExpensesAmt |
| PY Total Expenses | $79,924,369 | PYTotalExpensesAmt |
| CY Total Expenses | $80,974,374 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $18,475,079 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $24,637,201 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,219,039,629 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,549,084,611 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,976,025,190 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,284,586,056 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $243,014,439 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $264,498,555 | NetAssetsOrFundBalancesEOYAmt |
| Mission | A MEMBER OWNED COOPERATIVE PROVIDING FINANCIAL SERVICES, INCLUDING LOANS AND SHARE DEPOSITS TO ITS MEMBERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | ON THE LIABILITY/EQUITY SIDE OF THE BALANCE SHEET OUR MEMBERS HOLD 271,834 SAVINGS, CHECKING, AND MONEY MARKET DEPOSIT ACCOUNTS WITH COMBINED BALANCES OF $2,074,025,105. MEMBERS HOLD 2,111 IRA SAVINGS ACCOUNTS WITH COMBINED BALANCES OF $22,005,099. THESE FUNDS ARE POOLED AND USED PRIMARILY TO FUND CONSUMER AND REAL ESTATE SECURED LOANS TO OUR MEMBERSHIP. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ALSO ON THE LIABILITY/EQUITY SIDE OF THE BALANCE SHEET, 7,313 OF OUR MEMBERS HOLD CERTIFICATE ACCOUNTS WITH TOTAL BALANCES OF $223,972,430. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ON THE ASSET SIDE, 78,377 OF OUR MEMBERS HOLD CONSUMER LOANS THAT INCLUDE VEHICLE, STUDENT, MORTGAGE, AND VISA LOANS. CONSUMER LOANS THAT INCLUDE VEHICLE SECURED LOANS TOTAL $580,298,377. REAL ESTATE SECURED LOANS TOTAL $909,307,871. THE LOAN PORTFOLIO TOTAL $1,652,653,479. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (1) | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 19846 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 525 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TROY GARRY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2535977603 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1331 BROADWAY PLAZA | AddressLine1Txt |
| City | TACOMA | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98401 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| BARRY WALLIS | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $20,000 | $0 | $0 | |||
| KEITH MOCK | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $18,500 | $0 | $0 | |||
| ALTAF MERCHANT | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $15,000 | $0 | $0 | |||
| JAMES GRIGGS | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $20,000 | $0 | $0 | |||
| BRENDA GOODSON-MOORE | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $12,500 | $0 | $0 | |||
| HALUK DEMIRKAN | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $20,000 | $0 | $0 | |||
| JOHN BAUDER | ||||||||
| SECRETARY/TREASURER | 1.00 | Yes (X) | $20,000 | $0 | $0 | Yes (X) | ||
| SHELLEY COLEMAN | ||||||||
| VICE CHAIR | 1.00 | Yes (X) | $20,000 | $0 | $0 | Yes (X) | ||
| DAVID WASSON | ||||||||
| BOARD CHAIR | 1.00 | Yes (X) | $25,000 | $0 | $0 | Yes (X) | ||
| DONALD CLARK JR | ||||||||
| PRESDIENT/CEO | 40.00 | $1,401,973 | $0 | $582,133 | Yes (X) | |||
| TROY GARRY | ||||||||
| EVP/CHIEF FINANCIAL OFFICER | 40.00 | $401,848 | $0 | $43,595 | Yes (X) | |||
| WENDY CLEVELAND | ||||||||
| EVP/CHIEF OPERATIONS OFFICER | 40.00 | $381,719 | $0 | $41,579 | Yes (X) | |||
| NANCY STERNITZKY | ||||||||
| SVP/CHIEF INFORMATION OFFICER | 40.00 | $271,113 | $0 | $46,536 | Yes (X) | |||
| CHARLENE HENSON | ||||||||
| SVP/CHIEF RETAIL OFFICER | 40.00 | $242,280 | $0 | $28,391 | Yes (X) | |||
| KIMBERLY MAPES | ||||||||
| SVP/CHIEF EMPLOYEE ENGAGEMENT OFFICER | 40.00 | $247,150 | $0 | $34,891 | Yes (X) | |||
| LYMAN WILLIAMS | ||||||||
| SVP/CHIEF LENDING OFFICER | 40.00 | $290,908 | $0 | $43,595 | Yes (X) | |||
| ROBYN LACHANCE | ||||||||
| EVP/CHIEF STRATEGY OFFICER | 40.00 | $311,392 | $0 | $28,391 | Yes (X) | |||
| J BULLOCK | ||||||||
| MORTGAGE LOAN OFFICER | 40.00 | $218,322 | $0 | $24,173 | Yes (X) | |||
| RYAN HORAN | ||||||||
| BUSINESS LOAN OFFICER MANAGER | 40.00 | $247,543 | $0 | $35,079 | Yes (X) | |||
| KASEY BROOKS WINKLER | ||||||||
| BUSINESS LOAN OFFICER | 40.00 | $267,842 | $0 | $32,192 | Yes (X) | |||
| RYAN ZILKER | ||||||||
| SVP/CHIEF MARKETING OFFICER | 40.00 | $205,732 | $0 | $37,739 | Yes (X) | |||
| SHELLEY COX | ||||||||
| MORTGAGE LOAN OFFICER | 40.00 | $209,087 | $0 | $29,799 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,867,909 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,008,093 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 52 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MOMENTUM INC | |||||
| 109 BELL ST STE B | SEATTLE | WA | 98121 | ARCHITECTURAL/CONTRACTING SERVICES | $2,378,854 |
| JE CUMMING CORP | |||||
| 8102 BRACKEN PL SE | SNOQUALMIE | WA | 98065 | ARCHITECTURAL/CONTRACTING SERVICES | $2,004,059 |
| NCR CORPORATION | |||||
| 14181 COLLECTIONS CENTER DRIVE | CHICAGO | IL | 60693 | DIGITAL BANKING SERVICES | $1,632,504 |
| MEDIA PLUS | |||||
| PO BOX 46789 | SEATTLE | WA | 98146 | MEDIA/COMMUNICATIONS | $1,239,924 |
| SOFTCHOICE | |||||
| 16609 COLLECTIONS CENTER DR | CHICAGO | IL | 60693 | TECHNOLOGY | $880,325 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 59 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| LOAN INTEREST INCOME | 522291 | $69,964,507 | $69,964,507 | |
| INTERCHANGE | 522299 | $13,285,898 | $13,285,898 | |
| FEES AND CHARGES | 522100 | $9,103,818 | $8,937,102 | $166,716 |
| LOAN ORIGINATION INCOM | 518210 | $5,950,659 | $5,950,659 | |
| FINANCIAL SERVICES | 522100 | $648,551 | $499,384 | $149,167 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,073,890 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,950,518 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $123,372 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $102,027,323 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,869,707 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$202,886 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,072,593 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $441,120 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $532,085 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$90,965 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$90,965 | TotalRevenueColumnAmt |
| Exclusion | -$90,965 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $4,718,357 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $3,912,847 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $805,510 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $805,510 | TotalRevenueColumnAmt |
| Exclusion | $805,510 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $105,611,575 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $101,588,068 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $236,369 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,787,138 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $212,500 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,000 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,568,495 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,356,191 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,348,037 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,107,256 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,420,670 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,772 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $110,777 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $432,757 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,557,435 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $226,150 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,621,326 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,512,509 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,356,610 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $198,168 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $229,264 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,841,150 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,292,554 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| LOAN SERVICING | $7,586,234 |
| BANK FEES | $5,618,224 |
| PROVISION FOR LOAN LOSS | $3,339,495 |
| MP AMORTIZATION OF CDI | $3,034,694 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $951,106 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $80,974,374 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,606,080 | BOYAmt |
| EOY | $45,774,408 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $355,851,678 | BOYAmt |
| EOY | $412,587,262 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,638,797 | BOYAmt |
| EOY | $12,241,734 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,309,656 | BOYAmt |
| EOY | $11,325,808 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,534,069,778 | BOYAmt |
| EOY | $1,640,378,581 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,343,256 | BOYAmt |
| EOY | $3,193,762 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $86,361,398 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $28,313,932 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,154,640 | BOYAmt |
| EOY | $58,047,466 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $154,440,179 | BOYAmt |
| EOY | $311,656,930 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,687,309 | BOYAmt |
| EOY | $6,514,384 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,823,316 | BOYAmt |
| EOY | $18,601,244 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,114,940 | BOYAmt |
| EOY | $28,763,032 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,219,039,629 | BOYAmt |
| EOY | $2,549,084,611 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,330,684 | BOYAmt |
| EOY | $28,541,010 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,609,403 | BOYAmt |
| EOY | $2,930,837 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,706,990 | BOYAmt |
| EOY | $1,644,490 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,943,378,113 | BOYAmt |
| EOY | $2,251,469,719 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,976,025,190 | BOYAmt |
| EOY | $2,284,586,056 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $243,014,439 | BOYAmt |
| EOY | $264,498,555 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $243,014,439 | BOYAmt |
| EOY | $264,498,555 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,219,039,629 | BOYAmt |
| EOY | $2,549,084,611 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $24,637,201 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$3,153,085 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $10,000 | PoliticalExpendituresAmt |
| Volunteer Hours | 0 | VolunteerHoursCnt |
| Expended527 Activities | $0 | Expended527ActivitiesAmt |
| Internal Funds Contributed | $10,000 | InternalFundsContributedAmt |
| Total Exempt Function Expend | $10,000 | TotalExemptFunctionExpendAmt |
| Form1120 POL Filed | Yes (1) | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CREDIT UNION LEGISLATIVE ACTION FUND | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18000 INTERNATIONAL BLVD STE 350 | AddressLine1Txt |
| City | SEATAC | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98188 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 800043051 | EIN |
| Paid Internal Funds | $10,000 | PaidInternalFundsAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I-A, LINE 1: | FormAndLineReferenceDesc |
| Explanation | THE CREDIT UNION CONTRIBUTED TO A POLITICAL ACTION COMMITTEE WHOSE FUNDS ARE USED TO MAKE CONTRIBUTIONS TO SUPPORT THE ELECTION OF CREDIT UNION-FRIENDLY CANDIDATES FOR STATEWIDE OFFICE AND STATE LEGISLATURE. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $19,278,407 | OtherCostOrOtherBasisAmt |
| Book Value | $19,278,407 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $46,492,131 | OtherCostOrOtherBasisAmt |
| Depreciation | $15,268,911 | DepreciationAmt |
| Book Value | $31,223,220 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,199,712 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,792,701 | DepreciationAmt |
| Book Value | $1,407,011 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,391,148 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,252,320 | DepreciationAmt |
| Book Value | $6,138,828 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $58,047,466 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBER SHARES | Desc |
| Amt | $2,251,469,719 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,251,469,719 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | THE CREDIT UNION HOLDS ESCROWED FUNDS FOR THE PAYMENT OF PROPERTY TAXES AND INSURANCE PREMIUMS AS A SERVICE FOR MEMBERS WHO HAVE MORTGAGES WITH THE CREDIT UNION. A THIRD-PARTY MORTGAGE SERVICE PROVIDER HANDLES THE ESCROW PROCESSING ON BEHALF OF THE CREDIT UNION. |
| PART X, LINE 2: | THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (AS DEFINED IN SECTION 512) DERIVED BY STATE-CHARTERED CREDIT UNIONS. THE SPECIFIC APPLICATION OF SECTION 512 TO THE VARIOUS ACTIVITIES CONDUCTED BY STATE-CHARTERED CREDIT UNIONS HAS BEEN AT ISSUE FOR MANY YEARS. THE INTERNAL REVENUE SERVICE (IRS) HAS ISSUED A SERIES OF TECHNICAL ADVICE MEMORANDA (TAM) TO A NUMBER OF STATE-CHARTERED CREDIT UNIONS LOCATED THROUGHOUT THE COUNTRY. IN THESE TAMS, THE IRS RULED CERTAIN PRODUCTS AND SERVICES TO BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN LIGHT OF THE TAMS, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL INCOME TAX LIABILITY. IN THE OPINION OF MANAGEMENT, ANY LIABILITY ARISING FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSES IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. ACCOUNTING PRINCIPLES PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CREDIT UNION ADOPTED THE PROVISIONS OUTLINED IN THIS GUIDANCE ON JANUARY 1, 2009. THE CREDIT UNION HAD NO UNRECOGNIZED TAX POSITIONS AT DECEMBER 31, 2021 OR 2020. IF ASSESSED, THE CREDIT UNION RECOGNIZES PENALTIES AND INTEREST ASSOCIATED WITH TAX MATTERS AS PART OF OPERATING EXPENSES. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (12 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| FOOD LIFELINE | ||||||||
| 815 S 96TH ST | SEATTLE | WA | 98108 | 911090450 | 501 (C)(3) | $35,000 | $0 | GENERAL SUPPORT |
| MILGARD SCHOOL OF BUSINESS (UNIVERSITY OF WA FOUNDATION) | ||||||||
| 1900 COMMERCE ST BOX 358420 | TACOMA | WA | 98402 | 943079432 | 501 (C)(3) | $26,500 | $0 | GENERAL SUPPORT |
| NORTHWEST CREDIT UNION ASSOCIATION | ||||||||
| 18000 INTERNATIONAL BLVD SUITE 350 | SEATAC | WA | 98188 | 911649328 | 501 (C)(6) | $25,000 | $0 | CU4KIDS |
| BUSINESS IMPACT NW | ||||||||
| 1437 S JACKSON ST | SEATTLE | WA | 98144 | 911764008 | 501 (C)(3) | $20,000 | $0 | SPONSORSHIP |
| UNITED WAY OF PIERCE COUNTY | ||||||||
| 1501 PACIFIC AVENUE SUITE 400 | TACOMA | WA | 98402 | 910650669 | 501 (C)(3) | $20,850 | $0 | GENERAL SUPPORT |
| SOUTH SOUND TOGETHER CO GREATER TACOMA COMMUNITY FOUNDATION | ||||||||
| 950 PACIFIC AVE STE 1100 | TACOMA | WA | 98466 | 911007459 | 501 (C)(3) | $12,000 | $0 | SPONSORSHIP |
| YMCA | ||||||||
| 4717 S 19TH ST STE 201 | TACOMA | WA | 98405 | 910565562 | 501 (C)(3) | $11,648 | $0 | SPONSORSHIP |
| BOYS & GIRLS CLUB OF SOUTH PUGET SOUND | ||||||||
| 3875 S 66TH ST SUITE 101 | TACOMA | WA | 98409 | 911597689 | 501 (C)(3) | $8,040 | $0 | DONATION & SPONSORSHIP |
| SEATTLE PRIDE | ||||||||
| 625 1ST AVE SUITE 200 | SEATTLE | WA | 98104 | 203784927 | 501 (C)(4) | $7,500 | $0 | SPONSORSHIP |
| ECONOMIC DEVELOPMENT BOARD FOR TACOMA-PIERCE COUNTY | ||||||||
| PO BOX 1555 | TACOMA | WA | 98401 | 911040355 | 501 (C)(6) | $5,500 | $0 | SPONSORSHIP |
| TACOMA PIERCE COUNTY HABITAT FOR HUMANITY | ||||||||
| 4824 SOUTH TACOMA WAY | TACOMA | WA | 98409 | 581735531 | 501 (C)(3) | $5,303 | $0 | SPONSORSHIP |
| FRIENDS OF THE CHILDREN | ||||||||
| 7302 S PARK AVE | TACOMA | WA | 98408 | 843340283 | 501 (C)(3) | $5,159 | $0 | GENERAL SUPPORT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 9 | Total501c3OrgCnt |
| Total Other Org | 3 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | HIGH SCHOOL SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 1 | RecipientCnt |
| Cash Grant | $7,000 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE DONATION AND SPONSORSHIP COMMITTEE MEETS APPROXIMATELY EVERY 45-60 DAYS TO REVIEW EACH REQUEST THAT IS SUBMITTED. AS THE REQUESTS ARE REVIEWED, THE ORGANIZATION DETERMINES THE FOLLOWING INFORMATION: WHO IS THE ORGANIZATION AND WHAT DO THEY DO? WHAT ARE THEY TRYING TO ACHIEVE WITH THEIR REQUEST? WHAT IS THEIR PURPOSE, AND DOES IT ALIGN WITH SOUND'S PUBLIC RESPONSIBILITY BELIEFS? IS THE SUPPORTING ORGANIZATION GOOD FOR THE LOCAL COMMUNITY, SOUND'S MEMBERSHIP, AND SOUND CREDIT UNION AS A WHOLE? WHERE ARE THEY LOCATED AND WHAT IS THEIR AREA OF FOCUS? HAS THE ORGANIZATION SUPPORTED THE CAUSE IN THE PAST? DOES THE DOLLAR AMOUNT REQUESTED FIT INTO THE BUDGET? WHEN APPROVED, THE ORGANIZATION WORKS WITH THE REQUESTING ORGANIZATION TO DISCUSS NEXT STEPS, INCLUDING PAYMENT, LOGO PLACEMENT, AND SOCIAL MEDIA. ONCE SCHOLARSHIP APPLICATIONS ARE SUBMITTED EACH COMMITTEE MEMBER SCORES THE APPLICATIONS. THOSE SCORES ARE THEN AVERAGED. THE COMMITTEE MEETS TO DISCUSS ALL APPLICATIONS AND DETERMINE THE TOP APPLICANTS THEY FEEL SHOULD BE SELECTED TO RECEIVE THE AWARDS. APPLICANTS PROVIDE THEIR SCHOOL'S INFORMATION AND SCHOLARSHIP CHECKS ARE MAILED DIRECTLY TO THE SCHOOL'S FINANCIAL AID OFFICE. PAYMENTS COME DIRECTLY FROM SOUND CREDIT UNION. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DONALD CLARK JR | ||||||||||||||
| PRESDIENT/CEO | $667,104 | $0 | $233,486 | $0 | $501,383 | $0 | $558,038 | $0 | $24,095 | $0 | $1,984,106 | $0 | $0 | $0 |
| TROY GARRY | ||||||||||||||
| EVP/CHIEF FINANCIAL OFFICER | $277,830 | $0 | $69,957 | $0 | $54,061 | $0 | $19,500 | $0 | $24,095 | $0 | $445,443 | $0 | $0 | $0 |
| WENDY CLEVELAND | ||||||||||||||
| EVP/CHIEF OPERATIONS OFFICER | $277,830 | $0 | $69,957 | $0 | $33,932 | $0 | $26,000 | $0 | $15,579 | $0 | $423,298 | $0 | $0 | $0 |
| ROBYN LACHANCE | ||||||||||||||
| EVP/CHIEF STRATEGY OFFICER | $219,949 | $0 | $55,487 | $0 | $35,956 | $0 | $19,500 | $0 | $8,891 | $0 | $339,783 | $0 | $0 | $0 |
| LYMAN WILLIAMS | ||||||||||||||
| SVP/CHIEF LENDING OFFICER | $226,013 | $0 | $57,003 | $0 | $7,892 | $0 | $19,500 | $0 | $24,095 | $0 | $334,503 | $0 | $0 | $0 |
| NANCY STERNITZKY | ||||||||||||||
| SVP/CHIEF INFORMATION OFFICER | $210,000 | $0 | $53,000 | $0 | $8,113 | $0 | $22,441 | $0 | $24,095 | $0 | $317,649 | $0 | $0 | $0 |
| KASEY BROOKS WINKLER | ||||||||||||||
| BUSINESS LOAN OFFICER | $266,342 | $0 | $1,500 | $0 | $0 | $0 | $19,500 | $0 | $12,692 | $0 | $300,034 | $0 | $0 | $0 |
| RYAN HORAN | ||||||||||||||
| BUSINESS LOAN OFFICER MANAGER | $246,043 | $0 | $1,500 | $0 | $0 | $0 | $19,500 | $0 | $15,579 | $0 | $282,622 | $0 | $0 | $0 |
| KIMBERLY MAPES | ||||||||||||||
| SVP/CHIEF EMPLOYEE ENGAGEMENT OFFICE | $192,937 | $0 | $48,734 | $0 | $5,479 | $0 | $26,000 | $0 | $8,891 | $0 | $282,041 | $0 | $0 | $0 |
| CHARLENE HENSON | ||||||||||||||
| SVP/CHIEF RETAIL OFFICER | $192,276 | $0 | $48,569 | $0 | $1,435 | $0 | $19,500 | $0 | $8,891 | $0 | $270,671 | $0 | $0 | $0 |
| RYAN ZILKER | ||||||||||||||
| SVP/CHIEF MARKETING OFFICER | $159,862 | $0 | $40,465 | $0 | $5,405 | $0 | $19,500 | $0 | $18,239 | $0 | $243,471 | $0 | $0 | $0 |
| J BULLOCK | ||||||||||||||
| MORTGAGE LOAN OFFICER | $216,822 | $0 | $1,500 | $0 | $0 | $0 | $15,282 | $0 | $8,891 | $0 | $242,495 | $0 | $0 | $0 |
| SHELLEY COX | ||||||||||||||
| MORTGAGE LOAN OFFICER | $207,587 | $0 | $1,500 | $0 | $0 | $0 | $20,908 | $0 | $8,891 | $0 | $238,886 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | FIRST CLASS TRAVEL: FIRST CLASS TRAVEL IS PROVIDED FOR BOARD OF DIRECTORS MEMBERS FOR FLIGHTS OVER A CERTAIN AMOUNT OF HOURS. TRAVEL FOR COMPANIONS: INCLUDES SPOUSAL TRAVEL FOR BOARD OF DIRECTORS MEMBERS, ALL OF WHICH IS TAXABLE COMPENSATION. |
| PART I, LINE 4B | THE CREDIT UNION HAS ENTERED INTO TWO 457(F) SUPPLEMENTAL RETIREMENT BENEFIT AGREEMENTS WITH DON CLARK JR. IN 2021, UNDER ONE 457(F) PLAN, DON CLARK RECEIVED A PAYOUT OF $400,000 AND $20,000 WAS REPORTED AS DEFERRED COMPENSATION ON PART II, COLUMN C. IN 2021, UNDER THE SECOND 457(F) PLAN, $512,388 WAS REPORTED AS DEFERRED COMPENSATION ON PART II, COLUMN C AND NO AMOUNT WAS PAID OUT. IN 2021, TROY GARRY, WENDY CLEVELAND, KIMBERLY MAPES, LYMAN WILLIAMS, ROBYN LACHANCE, AND CHARLENE HENSON PARTICIPATED IN A SPLIT DOLLAR LOAN PLAN. |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (6 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| CHARLENE HENSON | |||||||
| SVP/CHIEF RETAIL OFFICER | NON-RECOURSE, SPLIT DOLLAR LOAN | Yes (X) | $1,250,000 | $1,259,394 | 0 | Yes (1) | Yes (1) |
| KIMBERLY MAPES | |||||||
| SVP/CHIEF EMPLOYEE ENGAGEMENT OFFICER | NON-RECOURSE, SPLIT DOLLAR LOAN | Yes (X) | $2,050,000 | $2,065,609 | 0 | Yes (1) | Yes (1) |
| LYMAN WILLIAMS | |||||||
| SVP/CHIEF LENDING OFFICER | NON-RECOURSE, SPLIT DOLLAR LOAN | Yes (X) | $1,500,000 | $1,511,336 | 0 | Yes (1) | Yes (1) |
| ROBYN LACHANCE | |||||||
| EVP/CHIEF STRATEGY OFFICER | NON-RECOURSE, SPLIT DOLLAR LOAN | Yes (X) | $2,160,000 | $2,105,992 | 0 | Yes (1) | Yes (1) |
| TROY GARRY | |||||||
| EVP/CHIEF FINANCIAL OFFICER | NON-RECOURSE, SPLIT DOLLAR LOAN | Yes (X) | $2,200,000 | $2,216,775 | 0 | Yes (1) | Yes (1) |
| WENDY CLEVELAND | |||||||
| EVP/CHIEF OPERATIONS OFFICER | NON-RECOURSE, SPLIT DOLLAR LOAN | Yes (X) | $2,150,000 | $2,166,702 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $11,325,808 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE CREDIT UNION HAS 151,960 MEMBERS AS OF DECEMBER 31, 2021. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE CREDIT UNION'S MEMBERS HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY, WHETHER PERIODICALLY, AS VACANCIES ARISE, OR OTHERWISE. |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL ANNUALLY. ADDITIONALLY, MEMBERS VOTE ON ITEMS BROUGHT THROUGH A SPECIAL MEETING OF MEMBERS, SUCH AS MERGERS AND REMOVAL OF OFFICERS AND DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS WHO REVIEW THE FORM AND APPLICABLE SCHEDULES PRIOR TO THE RETURN'S FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | EMPLOYEES SIGN A STATEMENT REQUIRING THAT THEY MUST DISCLOSE TO THE PRESIDENT & CEO ANY ACTUAL, POTENTIAL, OR PERCEIVED CONFLICTS OF INTEREST BEFORE BEING HIRED. DIRECTORS AND VOLUNTEERS SIGN A "CODE OF ETHICS ACKNOWLEDGEMENT" THAT STATES THEY WILL NOT BE INVOLVED IN SITUATIONS THAT RESULT IN OR COULD BE PERCEIVED TO BE A CONFLICT OF INTEREST. THEY MUST ALSO EXCUSE THEMSELVES FROM ANY DISCUSSIONS OR PARTICIPATION IN DECISIONS INVOLVING INSTANCES IN WHICH A CONFLICT OF INTEREST EXISTS OR MAY EXIST. THE POLICY MANUAL HAS THREE SECTIONS IN WHICH CONFLICTS OF INTEREST ARE STATED AND THE BOARD APPROVES THE POLICY MANUAL ON AN ANNUAL BASIS. BOTH THE CEO & EVP MONITOR ALL STAFF AND VOLUNTEER ACCOUNTS. IN ADDITION, DURING OUR CERTIFIED AUDIT, ALL STAFF AND VOLUNTEER ACCOUNTS, OR A SAMPLING, ARE REVIEWED FOR POTENTIAL CONFLICTS OF INTEREST. NO DIRECTOR, COMMITTEE MEMBER, OR EMPLOYEE OF THE CREDIT UNION MAY HAVE A PECUNIARY INTEREST IN ANY CONTRACT OR TRANSACTION WITH THE CREDIT UNION UNLESS THIS INTEREST IS DISCLOSED AND MADE KNOWN TO THE BOARD OF DIRECTORS. NO DIRECTOR OR COMMITTEE MEMBER OF THE CREDIT UNION WILL PARTICIPATE IN THE DELIBERATION OF ANY QUESTION AFFECTING THEIR OWN PECUNIARY INTEREST. SUCH DIRECTOR OR COMMITTEE MEMBER WILL WITHDRAW FROM THE DELIBERATION AND DECISION UPON SUCH INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | LINE 15A, COMPENSATION PROCESS FOR TOP OFFICIAL: THE EMPLOYEE BENEFITS COMMITTEE, WHICH IS COMPRISED OF 3 BOARD MEMBERS, REVIEWS LOCAL SURVEYS, INCLUDING THE ANNUAL MILLIMAN NORTHWEST FINANCIAL INDUSTRY SALARY SURVEY TO DEVELOP A RECOMMENDATION FOR THE BOARD. THE BOARD REVIEWS THE COMMITTEE'S RECOMMENDATION AND APPROVES THE CEO'S COMPENSATION. THE BOARD DELIBERATION AND DECISION IS CONTEMPORANEOUSLY SUBSTANTIATED IN THE BOARD MINUTES. THIS PROCESS WAS LAST DONE IN 2019 IN DETERMINING THE CEO'S COMPENSATION FOR EACH YEAR THROUGH 2024. LINE 15B, COMPENSATION PROCESS FOR OFFICERS: OTHER OFFICER AND KEY EMPLOYEE COMPENSATION IS DETERMINED BY THE CEO AND CONTEMPORANEOUSLY DOCUMENTED, BASED ON A REVIEW OF LOCAL SALARY SURVEY INFORMATION, AND BECOMES A PART OF THE COMPENSATION RECOMMENDATION DURING THE BUDGET PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE CREDIT UNION'S BYLAWS, ARTICLES OF INCORPORATION, FIELD OF MEMBERSHIP (CHARTER), CONSUMER/BUSINESS MEMBERSHIP AGREEMENTS, FINANCIAL STATEMENTS AND ANNUAL REPORT, THAT MEMBERS HAVE THE RIGHT TO VIEW, ARE AVAILABLE UPON REQUEST. THE REQUEST MUST BE IN WRITTEN FORM. THE CREDIT UNION RELEASES DOCUMENTS TO THE PUBLIC IN ACCORDANCE WITH RULES AND REGULATIONS AS APPLICABLE. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUND FINANCIAL GROUP INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1595 | AddressLine1Txt |
| City | TACOMA | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 911263213 | EIN |
| Primary Activities | INSURANCE | PrimaryActivitiesTxt |
| Legal Domicile State | WA | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUND CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | -$50,854 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $570,192 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |