CREDIT UNIONS IN THE STATE OF WASHINGTON: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- CREDIT UNIONS IN THE STATE OF WASHINGTON (EIN 91-0219435)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-11-09
- IRS object ID
- 201833139349303838
- Schema version
- 2017v2.3
- 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 | 2018-11-09T18:36:00-06:00 | ReturnTs |
| Tax Period End | 2017-12-31 | 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 | 601 W RIVERSIDE AVENUE STE 1800 | AddressLine1Txt |
| City | SPOKANE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 99201 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 910219435 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CREDIT UNIONS IN THE STATE OF WASHINGTON | BusinessNameLine1Txt |
| Business Name Line2 | BOEING EMPLOYEES CREDIT UNION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CRED | BusinessNameControlTxt |
| Phone | 2064395700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12770 GATEWAY DR S MAILSTOP 1011-1 | AddressLine1Txt |
| City | TUKWILA | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98168 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MELBA BARTELS | PersonNm |
| Person Title | SVP FINANCE/CFO | PersonTitleTxt |
| Phone | 2064395700 | PhoneNum |
| Signature | 2018-11-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WENDY CAMPOS | PreparerPersonNm |
| PTIN | P00448102 | PTIN |
| Phone | 5097472600 | PhoneNum |
| Preparation | 2018-11-07 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 12.129.7.100 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-11-09 | IPDt |
| IP Tm | 14:49:34 | IPTm |
| IP Timezone | PS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | C07EA3D2EFE7589B691C7C6F5A7C1991A329BAB3 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BENSON PORTER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12770 GATEWAY DR S MAILSTOP 1011-1 | AddressLine1Txt |
| City | TUKWILA | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98168 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $757,129,190 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.BECU.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1935 | FormationYr |
| Legal Domicile State | WA | LegalDomicileStateCd |
| Activity Or Mission | BECU IS A COOPERATIVE SOCIETY ORGANIZED UNDER WASHINGTON LAW AS A NONPROFIT CORPORATION FOR THE PURPOSES OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT FAIR AND REASONABLE RATES OF INTEREST. BECU IS DEDICATED TO THE PHILOSOPHY OF "PEOPLE HELPING PEOPLE AND WILL STRIVE TO SERVE ITS MEMBERS BY PROVIDING SUPERIOR FINANCIAL PRODUCTS AND SERVICES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 2220 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $1,569,870 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $829,803 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $560,993,449 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $632,310,731 | CYProgramServiceRevenueAmt |
| PY Investment Income | $71,955,770 | PYInvestmentIncomeAmt |
| CY Investment Income | $92,813,840 | CYInvestmentIncomeAmt |
| PY Other Revenue | $963,507 | PYOtherRevenueAmt |
| CY Other Revenue | $3,333,052 | CYOtherRevenueAmt |
| PY Total Revenue | $633,912,726 | PYTotalRevenueAmt |
| CY Total Revenue | $728,457,623 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $2,519,118 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $4,167,680 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $150,596,023 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $198,675,839 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $270,833,955 | PYOtherExpensesAmt |
| CY Other Expenses | $319,700,311 | CYOtherExpensesAmt |
| PY Total Expenses | $423,949,096 | PYTotalExpensesAmt |
| CY Total Expenses | $522,543,830 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $209,963,630 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $205,913,793 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $16,355,135,100 | TotalAssetsBOYAmt |
| Total Assets EOY | $17,840,296,958 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $14,654,277,350 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $15,929,293,578 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,700,857,750 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,911,003,380 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | BECU IS A COOPERATIVE SOCIETY ORGANIZED UNDER WASHINGTON LAW AS A NONPROFIT CORPORATION FOR THE PURPOSES OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT FAIR AND REASONABLE INTEREST RATES. BECU IS DEDICATED TO THE PHILOSOPHY OF "PEOPLE HELPING PEOPLE AND WILL STRIVE TO SERVE THESE MEMBERS BY PROVIDING SUPERIOR FINANCIAL PRODUCTS AND SERVICES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | TOTAL 1,081,077 MEMBERS; 124,174 NEW MEMBERS FOR 2017; 154,853 LOANS ORIGINATED TOTALING $8,272,292,727. | Desc |
| 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 | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | 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 | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | 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 | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| 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 | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 3 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2220 | 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 |
| 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 | 0 | 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 | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | 0 | WrittenPolicyOrProcedureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TINA WALLACE | PersonNm |
| Phone | 2064395700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12770 GATEWAY DR S | AddressLine1Txt |
| City | TUKWILA | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98168 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| DAVID YONCE | |||||||||
| CHAIRPERSON | 6.00 | Yes (X) | Yes (X) | $50,000 | $0 | $0 | |||
| PORSCHE EVERSON | |||||||||
| VICE CHAIRPERSON THROUGH 4/20/17 | 6.00 | Yes (X) | Yes (X) | $24,849 | $0 | $0 | |||
| WILLIAM LONGBRAKE | |||||||||
| DIRECTOR | 6.00 | Yes (X) | $45,000 | $0 | $0 | ||||
| ROGER MAULDIN | |||||||||
| DIRECTOR | 6.00 | Yes (X) | $42,500 | $0 | $0 | ||||
| DESIREE SERR | |||||||||
| DIRECTOR | 6.00 | Yes (X) | $42,125 | $0 | $0 | ||||
| DENIS FARMER | |||||||||
| DIRECTOR | 6.00 | Yes (X) | $42,500 | $0 | $0 | ||||
| DEBRA SOMBERG | |||||||||
| DIRECTOR | 6.00 | Yes (X) | $42,500 | $0 | $0 | ||||
| JESSIE WOOLLEY-WILSON | |||||||||
| DIRECTOR | 6.00 | Yes (X) | $17,912 | $0 | $0 | ||||
| WILL DAUGHERTY | |||||||||
| DIRECTOR | 6.00 | Yes (X) | $17,912 | $0 | $0 | ||||
| MICHELLE ETEN - THROUGH 42017 | |||||||||
| DIRECTOR/AUDIT COMMITTEE CHAIR | 6.00 | Yes (X) | $24,849 | $0 | $0 | ||||
| SUSAN ERLICH | |||||||||
| DIRECTOR/AUDIT COMMITTEE MEMBER | 6.00 | Yes (X) | $42,500 | $0 | $0 | ||||
| JOHN PORTER | |||||||||
| PRESIDENT/CEO | 40.00 | Yes (X) | $1,316,542 | $0 | $227,466 | ||||
| MIKE RYAN | |||||||||
| GENERAL COUNSEL/CORP SECRETARY | 40.00 | Yes (X) | $345,268 | $0 | $44,643 | ||||
| TONY HARRIS | |||||||||
| SR. CORP. COUNSEL/ASST. SECRETARY | 40.00 | Yes (X) | $164,869 | $0 | $40,731 | ||||
| PARKER CANN | |||||||||
| SVP/GENERAL COUNSEL THROUGH 1/3/17 | 40.00 | Yes (X) | $887,029 | $0 | $3,672 | ||||
| THOMAS BERQUIST | |||||||||
| SVP MARKETING & CO-OP AFFAIRS | 40.00 | Yes (X) | $560,433 | $0 | $61,600 | ||||
| MICHAEL STRAND | |||||||||
| SVP CHIEF LENDING OFFICER | 40.00 | Yes (X) | $591,273 | $0 | $111,088 | ||||
| THOMAS MORGAN | |||||||||
| SVP/CIO | 40.00 | Yes (X) | $547,496 | $0 | $108,411 | ||||
| MELBA BARTELS | |||||||||
| SVP/CFO | 40.00 | Yes (X) | $298,940 | $0 | $11,443 | ||||
| MELANIE WALSH | |||||||||
| SVP HUMAN RESOURCES | 40.00 | Yes (X) | $607,069 | $0 | $67,651 | ||||
| DOUGLAS MARSHALL | |||||||||
| SVP RETAIL | 40.00 | Yes (X) | $531,218 | $0 | $129,316 | ||||
| JOHN STEWART | |||||||||
| SVP/CHIEF RISK OFFICER | 40.00 | Yes (X) | $496,782 | $0 | $82,504 | ||||
| LORRAINE STEWART | |||||||||
| VP MORTGAGE LENDING | 40.00 | $283,956 | $0 | $52,647 | Yes (X) | ||||
| DANA GRAY | |||||||||
| VP SMALL BUSINESS | 40.00 | $379,635 | $0 | $62,034 | Yes (X) | ||||
| LINNEA WEXLER | |||||||||
| SR. COMM. RELATIONSHIP MGR | 40.00 | $403,763 | $0 | $40,692 | Yes (X) | ||||
| MICHAEL QUAMMA | |||||||||
| VP TREASURY THROUGH 10/18/17 | 40.00 | $676,769 | $0 | $47,961 | Yes (X) | ||||
| DEBORAH TAGLIALAVORE | |||||||||
| DIRECTOR BUSINESS LENDING | 40.00 | $339,319 | $0 | $50,939 | Yes (X) | ||||
| SHAWN MULQUEENEY | |||||||||
| VP IT BUSINESS SOLUTIONS | 40.00 | $339,673 | $0 | $64,822 | Yes (X) | ||||
| KATHY ELSER | |||||||||
| FORMER SVP/CFO | 0.00 | $625,000 | $0 | $0 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $9,787,681 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,207,620 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 435 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | 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 |
|---|---|---|---|---|---|
| PSCU FINANCIAL SERVICES | |||||
| 560 CARILLON PKWY | ST PETERSBURG | FL | 33716 | ONLINE BANKING | $12,884,941 |
| FISERV CNS | |||||
| 5325 S MOORLAND RD | NEW BERLIN | WI | 53151 | FINANCIAL SERVICES | $11,524,390 |
| MASTERCARD INTERNATIONAL | |||||
| 2000 PURCHASE STREET | PURCHASE | NY | 10577 | FINANCIAL SERVICES | $9,413,068 |
| DNA BRAND MECHANICS | |||||
| 1301 FIFTH AVE SUITE 2600 | SEATTLE | WA | 98101 | BRANDING & ADVERTISING | $8,912,308 |
| CONNEXIONS LOYALTY | |||||
| 7814 CAROUSEL LANE | RICHMOND | VA | 23294 | ADMINISTRATION OF LOYALTY REWARDS | $7,921,972 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 286 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| LOAN INTEREST INCOME | 522291 | $460,747,147 | $460,747,147 | |
| FEE INCOME | 522100 | $126,390,143 | $125,395,313 | $994,830 |
| CONTRACT INCENTIVE INCOME | 525990 | $14,772,526 | $14,772,526 | |
| DERIVATIVE INCOME | 525990 | $12,882,379 | $12,882,379 | |
| BROKER INCOME | 523000 | $8,347,466 | $8,347,466 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,171,070 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $9,024,227 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $146,843 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $632,310,731 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $89,915,451 | TotalRevenueColumnAmt |
| Exclusion | $89,915,451 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $5,298,746 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,393,891 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,904,855 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,904,855 | TotalRevenueColumnAmt |
| Exclusion | $2,904,855 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $20,116,448 | SecuritiesAmt |
| Other | $9,059,617 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $16,819,675 | SecuritiesAmt |
| Other | $9,458,001 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,296,773 | SecuritiesAmt |
| Other | -$398,384 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,898,389 | TotalRevenueColumnAmt |
| Exclusion | $2,898,389 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CUSO INVESTMENTS | Desc |
| Business | 525990 | BusinessCd |
| Total Revenue Column | $428,197 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $428,197 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $428,197 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $728,457,623 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $631,169,058 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,569,870 | UnrelatedBusinessRevenueAmt |
| Exclusion | $95,718,695 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,167,680 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,378,659 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $147,763,300 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,203,015 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,809,399 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,521,466 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,490,676 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,784,596 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $154,914 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $447,734 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,271,363 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,999,198 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,750,733 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,843,115 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,401,327 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,830,088 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,653,395 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $58,711,185 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,535,145 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,003,230 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| UBI TAX EXPENSE | $378,915 |
| PRODUCT COST & SERVICIN | $81,613,001 |
| PROVISION FOR LOAN LOSS | $37,554,144 |
| REFUNDED INTEREST | $1,255,622 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,021,930 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $522,543,830 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $285,398,264 | BOYAmt |
| EOY | $259,713,541 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $829,083,639 | BOYAmt |
| EOY | $628,007,698 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,250,991 | BOYAmt |
| EOY | $10,890,856 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,327,181,734 | BOYAmt |
| EOY | $11,932,161,117 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,033,851 | BOYAmt |
| EOY | $27,738,688 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $310,236,379 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $150,091,752 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $139,355,722 | BOYAmt |
| EOY | $160,144,627 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $115,413,884 | BOYAmt |
| EOY | $88,085,845 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,014,632,657 | BOYAmt |
| EOY | $4,008,753,808 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,327,032 | BOYAmt |
| EOY | $3,327,032 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $612,457,326 | BOYAmt |
| EOY | $721,473,746 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,355,135,100 | BOYAmt |
| EOY | $17,840,296,958 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $92,884,561 | BOYAmt |
| EOY | $116,374,629 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,978,334 | BOYAmt |
| EOY | $7,852,622 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $166,607,430 | BOYAmt |
| EOY | $151,219,341 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,388,807,025 | BOYAmt |
| EOY | $15,653,846,986 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,654,277,350 | BOYAmt |
| EOY | $15,929,293,578 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
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 | $1,700,857,750 | BOYAmt |
| EOY | $1,911,003,380 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,700,857,750 | BOYAmt |
| EOY | $1,911,003,380 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,355,135,100 | BOYAmt |
| EOY | $17,840,296,958 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $205,913,793 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $23,744,677 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$19,512,840 | 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) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| 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 | $36,600 | PoliticalExpendituresAmt |
| Expended527 Activities | $36,600 | Expended527ActivitiesAmt |
| Total Exempt Function Expend | $36,600 | TotalExemptFunctionExpendAmt |
| Form1120 POL Filed | Yes (1) | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp (23 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Paid Internal FundsPaidInternalFundsAmt |
|---|---|---|---|---|---|
| COMMITTEE TO ELECT STEVE HOBBS | |||||
| 3309 114TH DR NE | LAKE STEVENS | WA | 98258 | 204733784 | $500 |
| DEMOCRATIC GOVERNORS ASSOCIATION | |||||
| 1225 EYE ST NW SUITE 1100 | WASHINGTON | DC | 20005 | 521304889 | $25,000 |
| FRIENDS FOR THOMAS MCLEOD | |||||
| PO BOX 88903 | TUKWILA | WA | 98138 | 821394108 | $250 |
| FRIENDS OF ANN RIVERS | |||||
| PO BOX 40418 | OLYMPIA | WA | 98504 | 271512372 | -$400 |
| FRIENDS OF DOW CONSTANTINE | |||||
| 603 STEWART ST STE 819 | SEATTLE | WA | 98101 | 264389886 | $1,000 |
| FRIENDS OF DUANE DAVIDSON | |||||
| PO BOX 277 | RICHLAND | WA | 99352 | 810970401 | $500 |
| FRIENDS OF JINYOUNG ENGLUND | |||||
| PO BOX 302 | WOODINVILLE | WA | 98072 | 821123212 | $500 |
| FRIENDS OF MANKA DHINGRA | |||||
| 17221 NE 115TH CT | REDMOND | WA | 98052 | 815223744 | $500 |
| FRIENDS OF PATTY KUDERER | |||||
| PO BOX 23037 | SEATTLE | WA | 98102 | 475315866 | $500 |
| FRIENDS OF PHIL FORTUNATO | |||||
| PO BOX 2201 | AUBURN | WA | 98071 | 821366387 | $500 |
| FRIENDS OF VANDANA SLATTER | |||||
| 11900 NE 1ST STREET SUITE 300 | BELLEVUE | WA | 98005 | 461880322 | $250 |
| FRIENDS OF ZAK IDAN | |||||
| PO BOX 88903 | TUKWILA | WA | 98138 | 821171155 | $250 |
| HOUSE DEMOCRATIC CAMPAIGN COMMITTEE | |||||
| 4130 1ST AVENUE SOUTH SUITE D | SEATTLE | WA | 98134 | 916178946 | $1,000 |
| HOUSE REPUBLICAN ORGANIZATIONAL COMMITTE | |||||
| PO BOX 7222 | OLYMPIA | WA | 98507 | 916177625 | $1,000 |
| JAN ANGEL FOR STATE SENATE | |||||
| 5184 GRANADA PL SE | PORT ORCHARD | WA | 98367 | 461415980 | $500 |
| PEOPLE FOR DE'SEAN QUINN | |||||
| PO BOX 88903 | TUKWILA | WA | 98138 | 821203336 | $250 |
| PEOPLE FOR REBECCA SALDANA | |||||
| PO BOX 20776 | SEATTLE | WA | 98102 | 814617205 | $500 |
| SENATE REPUBLICAN CAMPAIGN COMMITTEE | |||||
| PO BOX 11025 | OLYMPIA | WA | 98508 | 910987396 | $1,000 |
| SHELLY FOR STATE | |||||
| PO BOX 37 | ADDY | WA | 99101 | 680674661 | $500 |
| STEVE KIRBY CAMPAIGN | |||||
| 9415 TACOMA AVE SOUTH | TACOMA | WA | 98444 | 711000906 | $1,000 |
| WASHINGTON SENATE DEMOCRATIC CAMPAIGN | |||||
| 4130 1ST AVENUE SOUTH SUITE D | SEATTLE | WA | 98134 | 462614068 | $1,000 |
| COMMITTEE TO ELECT JACQUELIN MAYCUMBER | |||||
| 181 FISH HATCHERY ROAD | REPUBLIC | WA | 99166 | 821133084 | $250 |
| PEOPLE TO ELECT VERNA SEAL | |||||
| PO BOX 88903 | TUKWILA | WA | 98138 | 821201044 | $250 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I-A, LINE 1: | FormAndLineReferenceDesc |
| Explanation | IN 2017, BECU CONTRIBUTED PRIMARILY TO THE ELECTION CAMPAIGNS OF VARIOUS INDIVIDUALS RUNNING FOR WASHINGTON STATE ELECTED POSITIONS. | ExplanationTxt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $22,794,549 | OtherCostOrOtherBasisAmt |
| Book Value | $22,794,549 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $105,670,639 | OtherCostOrOtherBasisAmt |
| Depreciation | $28,010,084 | DepreciationAmt |
| Book Value | $77,660,555 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $31,335,932 | OtherCostOrOtherBasisAmt |
| Depreciation | $23,324,108 | DepreciationAmt |
| Book Value | $8,011,824 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $124,229,680 | OtherCostOrOtherBasisAmt |
| Depreciation | $93,450,613 | DepreciationAmt |
| Book Value | $30,779,067 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $26,205,579 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,306,947 | DepreciationAmt |
| Book Value | $20,898,632 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $160,144,627 | TotalBookValueLandBuildingsAmt |
Financial Derivatives FinancialDerivativesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $4,021,071 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INVESTMENT IN STOCK | $16,048,800 | F |
| HELD TO MATURITY & AVAILABLE FOR SALE INVESTMENTS | $3,988,683,937 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $4,008,753,808 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| SHARES AND DEPOSITS | $15,592,583,636 |
| DIVIDENDS PAYABLE | $2,653,557 |
| OTHER LIABILITIES | $2,099,142 |
| OUTSTANDING CHECKS | $56,510,651 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $15,653,846,986 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $736,802,772 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $7,442,485 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $2,393,891 | OtherRevenueAmt |
| Revenue Not Reported | $9,836,376 | RevenueNotReportedAmt |
| Revenue Subtotal | $726,966,396 | RevenueSubtotalAmt |
| Other Revenues Not Included | $1,491,227 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $1,491,227 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $728,457,623 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $523,874,691 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $2,393,891 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $2,393,891 | ExpensesNotReportedAmt |
| Expenses Subtotal | $521,480,800 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1,063,030 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,063,030 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $522,543,830 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501 OF THE INTERNAL REVENUE CODE OF 1954; HOWEVER, THE CREDIT UNION'S UNRELATED BUSINESS INCOME IS SUBJECT TO FEDERAL INCOME TAXES. THERE WERE NO SIGNIFICANT INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2017 OR 2016. 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 HAD NO UNRECOGNIZED TAX POSITIONS AT DECEMBER 31, 2017 OR 2016. IT IS THE CREDIT UNION'S POLICY TO RECORD ANY PENALTIES OR INTEREST ARISING FROM FEDERAL OR STATE TAXES AS A COMPONENT OF NONINTEREST EXPENSE. THE CREDIT UNION FILES EXEMPT ORGANIZATION AND UNRELATED BUSINESS INCOME TAX RETURNS WITH THE FEDERAL JURISDICTION. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES 2,393,891. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | CUSO INVESTMENT INCOME 428,197. INTEREST EXPENSE 1,063,030. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES 2,393,891. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INTEREST EXPENSE 1,063,030. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (61 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| BECU FOUNDATION | ||||||||
| 12770 GATEWAY DR S | TUKWILA | WA | 98168 | 911703337 | 501(C)(3) | $191,746 | PROVIDE ADMINISTRATIVE OPERATIONS FOR THE BECU FOUNDATION/EMPLOYEE GIFT MATCH. | |
| BUSINESS IMPACT NW | ||||||||
| 1437 S JACKSON STREET | SEATTLE | WA | 98144 | 911764008 | 501(C)(3) | $50,000 | DONATION | |
| CAL ST FULLERTON PHILANTHROPICFOUNDATION | ||||||||
| 2600 NUTWOOD AVE SUITE 830 | FULLERTON | CA | 92831 | 330567945 | 501(C)(3) | $25,000 | DONATION | |
| COCOON HOUSE | ||||||||
| 2929 PINE ST | EVERETT | WA | 98201 | 911497667 | 501(C)(3) | $10,000 | DONATION | |
| COLLEGE ACCESS NOW | ||||||||
| 3211 MARTIN LUTHER KING JR WAY S | SEATTLE | WA | 98144 | 680624494 | 501(C)(3) | $42,246 | DONATION | SUITE A |
| COLLEGE SUCCESS FOUNDATION | ||||||||
| 15500 SE 30TH PL 200 | BELLEVUE | WA | 98007 | 912036088 | 501(C)(3) | $85,000 | DONATION | |
| COMMUNITY COLLEGES OF SPOKANE FOUNDATION | ||||||||
| 501 N RIVERPOINT BLVD SUITE 203 | SPOKANE | WA | 99217 | 910886962 | 501(C)(3) | $10,000 | DONATION | |
| EXPRESS CREDIT UNION | ||||||||
| 1930 6TH AVE S 104 | SEATTLE | WA | 98134 | 910573334 | 501(C)(14) | $647,736 | DONATION | |
| FINANCIAL BEGINNINGS | ||||||||
| 2505 SW SPRING GARDEN STREET SUITE | PORTLAND | OR | 97219 | 203530960 | 501(C)(3) | $30,000 | DONATION | 210 |
| FORTERRA NW | ||||||||
| 901 5TH AVE 2200 | SEATTLE | WA | 98164 | 943112461 | 501(C)(3) | $181,250 | DONATION | |
| HABITAT FOR HUMANITY SEATTLE-KING COUNTY | ||||||||
| 560 NACHES AVE SW SUITE 110 | RENTON | WA | 98057 | 911342397 | 501(C)(3) | $75,000 | DONATION | |
| HANDS ON CHILDREN'S MUSEUM | ||||||||
| 414 JEFFERSON ST NE | OLYMPIA | WA | 98501 | 911405065 | 501(C)(3) | $7,000 | DONATION | |
| HIGHLINE HIGH SCHOOL | ||||||||
| 15675 AUMBAUM BLVD SW | BURIEN | WA | 98166 | 912020506 | 501(C)(3) | $6,231 | DONATION | |
| HOPEWORKS SOCIAL ENTERPRISES | ||||||||
| 3331 BROADWAY | EVERETT | WA | 98201 | 800684608 | 501(C)(3) | $17,500 | DONATION | |
| HOUSING DEVELOPMENT CONSORTIUM OF SEATTLE-KING COUNTY | ||||||||
| 1402 3RD AVE 1230 | SEATTLE | WA | 98101 | 943073588 | 501(C)(3) | $45,000 | DONATION | |
| HOUSING HOPE | ||||||||
| 5830 EVERGREEN WAY | EVERETT | WA | 98203 | 943060709 | 501(C)(3) | $85,000 | DONATION | |
| JUNIOR ACHIEVEMENT OF WASHINGTON | ||||||||
| 1700 WESTLAKE AVE N | SEATTLE | WA | 98109 | 910604913 | 501(C)(3) | $218,000 | DONATION | |
| MENTOR WASHINGTON | ||||||||
| 15500 SE 30TH PL 200 | BELLEVUE | WA | 98007 | 020833517 | 501(C)(3) | $15,000 | DONATION | |
| MUSEUM OF FLIGHT | ||||||||
| 9404 E MARGINAL WAYS | SEATTLE | WA | 98108 | 910785826 | 501(C)(3) | $10,000 | DONATION | |
| NATIONAL CREDIT UNION FOUNDATION INC | ||||||||
| 5710 MINERAL POINT ROAD | MADISON | WI | 53705 | 391383650 | 501(C)(3) | $256,225 | DONATION | |
| NORTH SEATTLE EDUCATION FUND | ||||||||
| 9600 COLLEGE WAY N | SEATTLE | WA | 98103 | 412178833 | 501(C)(3) | $10,000 | DONATION | |
| NORTHWEST COOPERATIVE DEVELOPMENT CENTER | ||||||||
| 407 4TH AVE E 201 | OLYMPIA | WA | 98501 | 911355457 | 501(C)(3) | $50,000 | DONATION | |
| NORTHWEST CREDIT UNION ASSOCIATION | ||||||||
| 18000 INTERNATIONAL BLVD SUITE 350 | SEATAC | WA | 98188 | 910460483 | 501(C)(6) | $22,000 | DONATION | |
| NW CREDIT UNION FOUNDATION | ||||||||
| 18000 INTERNATIONAL BLVD SUITE 350 | SEATTLE | WA | 98188 | 911649328 | 501(C)(3) | $100,100 | DONATION | |
| OPEN DOORS FOR MULTICULTURAL FAMILIES | ||||||||
| 24437 RUSSELL RD 110 | KENT | WA | 98032 | 271206272 | 501(C)(3) | $35,000 | DONATION/COMMUNITY BENEFIT AWARD | |
| OUTDOORS FOR ALL FOUNDATION | ||||||||
| 6344 NE 74TH ST 102 | SEATTLE | WA | 98115 | 911085999 | 501(C)(3) | $15,000 | DONATION/COMMUNITY BENEFIT AWARD | |
| PLYMOUTH HOUSING GROUP | ||||||||
| 2113 3RD AVE | SEATTLE | WA | 98121 | 911122621 | 501(C)(3) | $6,000 | DONATION | |
| PROJECT HOPE SPOKANE | ||||||||
| 1428 W BROADWAY AVE | SPOKANE | WA | 99201 | 261417578 | 501(C)(3) | $7,600 | DONATION | |
| REBUILDING TOGETHER SOUTH SOUND | ||||||||
| 4019 S ORCHARD ST | TACOMA | WA | 98466 | 912147601 | 501(C)(3) | $25,000 | DONATION | |
| RICHARD MYLES JOHNSON FOUNDATION | ||||||||
| 2855 E GUASTI RD SUITE 600 | ONTARIO | CA | 91761 | 956141173 | 501(C)(3) | $9,486 | DONATION | |
| SEATTE CENTRAL COLLEGE FOUNDATION | ||||||||
| 1701 BROADWAY | SEATTLE | WA | 98122 | 911037870 | 501(C)(3) | $10,000 | DONATION | |
| SEATTLE FOUNDATION | ||||||||
| 1601 FIFTH AVENUE SUITE 1900 | SEATTLE | WA | 98101 | 916013536 | 501(C)(3) | $25,311 | DONATION | |
| SEATTLE GOOD BUSINESS NETWORK | ||||||||
| 220 2ND AVE S 202 | SEATTLE | WA | 98104 | 272172486 | 501(C)(3) | $7,500 | DONATION | |
| SEATTLE GOODWILL INDUSTRIES | ||||||||
| 700 DEARBORN PLACE S | SEATTLE | WA | 98144 | 910568708 | 501(C)(3) | $10,500 | DONATION | |
| SOCIAL VENTURE PARTNERS | ||||||||
| 220 2ND AVE S 3 | SEATTLE | WA | 98104 | 911894424 | 501(C)(3) | $15,000 | DONATION | |
| SOLID GROUND | ||||||||
| 1501 NORTH 45TH STREET | SEATTLE | WA | 98103 | 237421892 | 501(C)(3) | $10,000 | DONATION | |
| SOUTH SOUND OUTREACH SERVICES | ||||||||
| 1106 MLK JR WAY | TACOMA | WA | 98405 | 911741624 | 501(C)(3) | $5,100 | DONATION | |
| SOUTH SEATTLE COLLEGE FOUNDATION | ||||||||
| 6000 16TH AVENUE SW | SEATTLE | WA | 98106 | 911122981 | 501(C)(3) | $10,000 | DONATION | |
| SPOKANE NEIGHBORHOOD ACTION PARTNERS | ||||||||
| 3102 W FORT GEORGE WRIGHT DR | SPOKANE | WA | 98224 | 911311127 | 501(C)(3) | $108,850 | DONATION | |
| FOUNDATION FOR PRIVATE ENTERPRISE EDUCATION | ||||||||
| 923 POWELL AVE SW SUITE 100 | RENTON | WA | 98057 | 911048245 | 501(C)(3) | $15,000 | DONATION | |
| UNITED WAY | ||||||||
| 701 N FAIRFAX STREET | ALEXANDRIA | VA | 22314 | 910565555 | 501(C)(3) | $25,000 | DONATION | |
| UNITED WAY OF SKAGIT COUNTY | ||||||||
| 831 S BURLINGTON BLVD | BURLINGTON | WA | 98233 | 910755705 | 501(C)(3) | $15,000 | DONATION | |
| UNITED WAY OF SNOHOMISH COUNTY | ||||||||
| 3120 MCDOUGALL AVE | EVERETT | WA | 98201 | 910606507 | 501(C)(3) | $100,000 | DONATION | |
| UNIVERSITY OF WASHINGTON FOUNDATION | ||||||||
| 4333 BROOKLYN AVE NE | SEATTLE | WA | 98105 | 943079432 | 501(C)(3) | $10,000 | DONATION | |
| WASHINGTON ALLIANCE FOR BETTER SCHOOLS | ||||||||
| 18560 1ST AVE NE | SHORELINE | WA | 98155 | 911698851 | 501(C)(3) | $8,500 | DONATION | |
| WASHINGTON DECA | ||||||||
| 200 W MERCER ST 207 | SEATTLE | WA | 98118 | 911308496 | 501(C)(3) | $22,500 | DONATION | |
| WORLDWIDE FOUNDATION FOR CREDIT UNIONS INC | ||||||||
| 5710 MINERAL POINT RD | MADISON | WI | 53705 | 396093210 | 501(C)(3) | $15,000 | DONATION | |
| YOUTH CARE | ||||||||
| 2500 NE 54TH ST | SEATTLE | WA | 98105 | 910917079 | 501(C)(3) | $20,500 | DONATION | |
| ARTS WEST | ||||||||
| 4711 CALIFORNIA AVE SW | SEATTLE | WA | 98116 | 911440032 | 501(C)(3) | $7,100 | EMPLOYEE GIFT MATCH | |
| BELLEVUE CHRISTIAN SCHOOL | ||||||||
| 1701 98TH AVE NE | BELLEVUE | WA | 98004 | 916001781 | 501(C)(3) | $5,461 | EMPLOYEE GIFT MATCH | |
| CAMP KOREY | ||||||||
| 19031 33RD AVE W 211 | LYNNWOOD | WA | 98036 | 203829742 | 501(C)(3) | $10,050 | EMPLOYEE GIFT MATCH | |
| HOLY FAMILY SCHOOL | ||||||||
| 2606 CARPENTER ROAD SE | LACEY | WA | 98503 | 910973981 | 501(C)(3) | $5,450 | EMPLOYEE GIFT MATCH | |
| LIGHTHOUSE FAMILY MINISTRIES NORTHWEST | ||||||||
| 22807 43RD AVE S | KENT | WA | 98032 | 462942522 | 501(C)(3) | $7,049 | EMPLOYEE GIFT MATCH | |
| NORTHWEST HARVEST EMM | ||||||||
| PO BOX 12272 | SEATTLE | WA | 98102 | 910826037 | 501(C)(3) | $5,300 | EMPLOYEE GIFT MATCH | |
| PACIFIC SCIENCE CENTER FOUNDATION | ||||||||
| 200 SECOND AVENUE N | SEATTLE | WA | 98109 | 910750867 | 501(C)(3) | $5,458 | EMPLOYEE GIFT MATCH | |
| SEATTLE'S UNION GOSPEL MISSION | ||||||||
| 3800 SOUTH OTHELLO STREET | SEATTLE | WA | 98118 | 910595029 | 501(C)(3) | $8,908 | EMPLOYEE GIFT MATCH | |
| SOKA GAKKAI INTERNATIONAL-USA | ||||||||
| 606 WILSHIRE BLVD | SANTA MONICA | CA | 90401 | 952265667 | 501(C)(3) | $6,146 | EMPLOYEE GIFT MATCH | |
| LEUKEMIA & LYMPHOMA SOCIETY INC | ||||||||
| 3 INTERNATIONAL DRIVE SUITE 200 | RYE | NY | 10573 | 135644916 | 501(C)(3) | $6,520 | EMPLOYEE GIFT MATCH | |
| VASHON ISLAND PET PROTECTORS | ||||||||
| 12201 SW 243RD ST | VASHON | WA | 98070 | 911257858 | 501(C)(3) | $5,150 | EMPLOYEE GIFT MATCH | |
| WILEY CREEK GRATITUDE CAMPOUT NA | ||||||||
| 7414 137TH AVE NE | LAKE STEVENS | WA | 98258 | 201726320 | 501(C)(3) | $11,150 | EMPLOYEE GIFT MATCH | |
| WORLD VISION FOUNDATION | ||||||||
| PO BOX 9716 | FEDERAL WAY | WA | 98063 | 481255565 | 501(C)(3) | $5,271 | EMPLOYEE GIFT MATCH | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 59 | Total501c3OrgCnt |
| Total Other Org | 2 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | BECU MONITORS THE USE OF GRANT FUNDS IN THE U.S. BY ASKING EACH OF OUR NON-PROFIT GRANT OR DONATION RECIPIENTS TO PROVIDE PERIODIC UPDATES AND RANDOMLY CONDUCT ON SITE VISITS OF GRANT RECIPIENTS. BECU GIFT MATCHING GUIDELINES REQUIRE THE DONEE ORGANIZATION TO PROVIDE PROOF OF RECEIPT OF FUNDS AND THEIR FEDERAL TAX IDENTIFICATION NUMBER. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (18 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JOHN PORTER | ||||||||||||||
| PRESIDENT/CEO | $667,323 | $0 | $634,081 | $0 | $15,138 | $0 | $208,955 | $0 | $18,511 | $0 | $1,544,008 | $0 | $0 | $0 |
| MIKE RYAN | ||||||||||||||
| GENERAL COUNSEL/CORP SECRETARY | $248,400 | $0 | $96,012 | $0 | $856 | $0 | $32,834 | $0 | $11,809 | $0 | $389,911 | $0 | $0 | $0 |
| TONY HARRIS | ||||||||||||||
| SR. CORP. COUNSEL/ASST. SECRETARY | $136,385 | $0 | $26,903 | $0 | $1,581 | $0 | $32,274 | $0 | $8,457 | $0 | $205,600 | $0 | $0 | $0 |
| PARKER CANN | ||||||||||||||
| SVP/GENERAL COUNSEL THROUGH 1/3/17 | $8,814 | $0 | $858,138 | $0 | $20,077 | $0 | $2,622 | $0 | $1,050 | $0 | $890,701 | $0 | $0 | $0 |
| THOMAS BERQUIST | ||||||||||||||
| SVP MARKETING & CO-OP AFFAIRS | $280,831 | $0 | $277,532 | $0 | $2,070 | $0 | $46,967 | $0 | $14,633 | $0 | $622,033 | $0 | $0 | $0 |
| MICHAEL STRAND | ||||||||||||||
| SVP CHIEF LENDING OFFICER | $343,262 | $0 | $245,941 | $0 | $2,070 | $0 | $95,840 | $0 | $15,248 | $0 | $702,361 | $0 | $0 | $0 |
| THOMAS MORGAN | ||||||||||||||
| SVP/CIO | $312,298 | $0 | $231,328 | $0 | $3,870 | $0 | $95,029 | $0 | $13,382 | $0 | $655,907 | $0 | $0 | $0 |
| MELBA BARTELS | ||||||||||||||
| SVP/CFO | $254,361 | $0 | $42,674 | $0 | $1,905 | $0 | $3,825 | $0 | $7,618 | $0 | $310,383 | $0 | $0 | $0 |
| MELANIE WALSH | ||||||||||||||
| SVP HUMAN RESOURCES | $268,137 | $0 | $337,604 | $0 | $1,328 | $0 | $53,768 | $0 | $13,883 | $0 | $674,720 | $0 | $0 | $0 |
| DOUGLAS MARSHALL | ||||||||||||||
| SVP RETAIL | $306,905 | $0 | $218,373 | $0 | $5,940 | $0 | $116,976 | $0 | $12,340 | $0 | $660,534 | $0 | $0 | $0 |
| JOHN STEWART | ||||||||||||||
| SVP/CHIEF RISK OFFICER | $277,266 | $0 | $217,616 | $0 | $1,900 | $0 | $64,790 | $0 | $17,714 | $0 | $579,286 | $0 | $0 | $0 |
| LORRAINE STEWART | ||||||||||||||
| VP MORTGAGE LENDING | $199,483 | $0 | $82,929 | $0 | $1,544 | $0 | $41,377 | $0 | $11,270 | $0 | $336,603 | $0 | $0 | $0 |
| DANA GRAY | ||||||||||||||
| VP SMALL BUSINESS | $257,436 | $0 | $118,245 | $0 | $3,954 | $0 | $48,482 | $0 | $13,552 | $0 | $441,669 | $0 | $0 | $0 |
| LINNEA WEXLER | ||||||||||||||
| SR. COMM. RELATIONSHIP MGR | $93,974 | $0 | $297,566 | $0 | $12,223 | $0 | $20,135 | $0 | $20,557 | $0 | $444,455 | $0 | $0 | $0 |
| MICHAEL QUAMMA | ||||||||||||||
| VP TREASURY THROUGH 10/18/17 | $206,223 | $0 | $235,145 | $0 | $235,401 | $0 | $35,671 | $0 | $12,290 | $0 | $724,730 | $0 | $0 | $0 |
| DEBORAH TAGLIALAVORE | ||||||||||||||
| DIRECTOR BUSINESS LENDING | $185,622 | $0 | $152,416 | $0 | $1,281 | $0 | $39,139 | $0 | $11,800 | $0 | $390,258 | $0 | $0 | $0 |
| SHAWN MULQUEENEY | ||||||||||||||
| VP IT BUSINESS SOLUTIONS | $215,221 | $0 | $123,359 | $0 | $1,093 | $0 | $50,867 | $0 | $13,955 | $0 | $404,495 | $0 | $0 | $0 |
| KATHY ELSER | ||||||||||||||
| FORMER SVP/CFO | $0 | $0 | $0 | $0 | $625,000 | $0 | $0 | $0 | $0 | $0 | $625,000 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | BECU MAINTAINS A MEMBERSHIP AT A SOCIAL CLUB. ALL EXECUTIVES HAVE ACCESS TO THE CLUB FOR CONDUCTING MEETINGS AND TO HOST SOCIAL EVENTS. THE BENEFIT OF ATTENDING THE CLUB IS NOT TAXABLE TO THE RECIPIENT. |
| PART I, LINE 4A: | KATHY ELSER RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $625,000. MICHAEL QUAMMA RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $208,730. |
| PART I, LINE 4B: | PRESIDENT/CEO: $161,087 ACCRUAL OF 457(F) SERP. SVP MARKETING & CO-OP AFFAIRS : RECEIVED PAYMENT DUE TO VESTING OF THE SERP IN THE AMOUNT OF $66,549. SVP CHIEF LENDING OFFICER: $52,493 ACCRUAL OF 457(F) SERP. SVP/CIO: $38,869 ACCRUAL OF 457(F) SERP. SVP HUMAN RESOURCES: RECEIVED PAYMENT DUE TO VESTING OF THE SERP IN THE AMOUNT OF $150,308. SVP RETAIL: $56,109 ACCRUAL OF 457(F) SERP. SVP/CHIEF RISK OFFICER: $30,133 ACCRUAL OF 457(F) SERP. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | BECU IS A COOPERATIVE SOCIETY ORGANIZED UNDER WASHINGTON LAW AS A NONPROFIT CORPORATION FOR THE PURPOSES OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT FAIR AND REASONABLE RATE OF INTEREST. MEMBERSHIP AT BECU IS LIMITED TO THOSE PERSONS LISTED IN THE FIELD OF MEMBERSHIP APPENDIX TO THE BYLAWS. AT ALL MEETINGS EACH MEMBER WITH ONE OR MORE FULLY PAID SHARES WILL HAVE ONE VOTE SUBJECT TO CERTAIN CONDITIONS. |
| FORM 990, PART VI, SECTION A, LINE 7A | BECU IS A COOPERATIVE SOCIETY ORGANIZED UNDER WASHINGTON LAW AS A NONPROFIT CORPORATION FOR THE PURPOSES OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT FAIR AND REASONABLE RATES OF INTEREST. MEMBERSHIP AT BECU IS LIMITED TO THOSE PERSONS LISTED IN THE FIELD OF MEMBERSHIP APPENDIX TO THE BYLAWS AND WHO MAINTAIN A SHARE ACCOUNT WITH A MINIMUM BALANCE AS SET BY BECU. AT ALL MEETINGS EACH MEMBER HAS ONE VOTE SUBJECT TO CERTAIN CONDITIONS. |
| FORM 990, PART VI, SECTION B, LINE 11B | TAX DIRECTOR, CONTROLLER AND GENERAL COUNSEL REVIEWED FORM 990 PRIOR TO FILING. A COPY OF THE FINAL VERSION OF THE FORM 990 IS DISTRIBUTED TO EACH BOARD MEMBER BEFORE IT IS FILED FOR INFORMATIONAL PURPOSES. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD ALONG WITH ALL EMPLOYEES AFFIRMS THEIR ADHERENCE TO BECU'S CONFLICT OF INTEREST REQUIREMENTS IN WRITING ON A YEARLY BASIS (CALLED "ANNUAL CODE OF ETHICS AFFIRMATION" FORM). AUDIT SERVICES AND SECURITY RISK MONITOR FOR ETHICS VIOLATIONS THROUGH ANONYMOUS HOT LINES AND EMAILS. THE AUDIT COMMITTEE ISSUES A YEARLY "WHISTLEBLOWER" LETTER TO ALL EMPLOYEES ENCOURAGING THEM TO REPORT ANY FRAUD OR ABUSE BY EMPLOYEES OR BOARD MEMBERS. ALSO, ALONG WITH THE YEARLY RE-AFFIRMATION OF OUR CODE OF ETHICS, THERE IS A REQUIRED ETHICS REFRESHER COURSE. THE CODE OF ETHICS POLICY OUTLINES HOW CONFLICTS ARE DETERMINED AND REQUIREMENTS FOR DISCLOSURE IF THERE IS AN ACTUAL OR PERCEIVED CONFLICT. |
| FORM 990, PART VI, SECTION B, LINE 15 | MARKET COMPENSATION DATA WILL BE GATHERED FOR THE PRESIDENT'S POSITION AND THE OTHER EXECUTIVE POSITIONS AS PART OF THE BI-ANNUAL COMPETITIVE COMPENSATION ANALYSIS. THE COMPENSATION DATA FOR THE PRESIDENT'S POSITION WILL BE PROVIDED TO THE COMPENSATION COMMITTEE FOR DEVELOPING A RECOMMENDATION TO THE BOARD OF DIRECTORS REGARDING ANY COMPENSATION ADJUSTMENT. THE COMPENSATION COMMITTEE MAY ENGAGE THIRD PARTY CONSULTANTS TO ASSIST WITH THE CEO COMPENSATION REVIEW AND RECOMMENDATIONS. THE EXECUTIVE COMPENSATION DATA WILL BE PROVIDED TO THE PRESIDENT FOR DETERMINING ADJUSTMENTS FOR THE OTHER EXECUTIVE POSITIONS. THE COMPENSATION DATA WILL BE GATHERED USING A VARIETY OF INDUSTRY SURVEY SOURCES AND DATA SEGMENTS WHICH ARE THEN VALIDATED BY A THIRD PARTY. BECU'S COMPENSATION PROGRAM IS ADMINISTERED BY THE HUMAN RESOURCES DEPARTMENT AND IS AUDITED BY BECU'S AUDIT SERVICES DEPARTMENT. THE LAST COMPENSATION REVIEW WAS CONDUCTED IN 2017. |
| FORM 990, PART VI, SECTION C, LINE 19 | BECU'S BYLAWS, CORPORATE GOVERNANCE OVERVIEW AND FINANCIAL DATA ARE POSTED AND AVAILABLE TO THE PUBLIC ON THE BECU.ORG WEBSITE. BECU'S FINANCIAL DATA IS ALSO AVAILABLE TO THE PUBLIC VIA THE NCUA WEBSITE. |
| FORM 990, PART IX, LINE 11G | CONSULTING FEES 21,636,683. OTHER OUTSIDE SERVICES 6,634,680. |
| FORM 990, PART XI, LINE 9: | OTHER COMPREHENSIVE INCOME PENSION & SERP BENEFIT PLANS. -19,084,643. CURRENT YEAR CUSO INCOME -428,197. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EMPLOYEE BENEFIT FUNDING TRUST | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14025 RIVEREDGE DRIVE SUITE 280 | AddressLine1Txt |
| City | TAMPA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33637 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | EMPLOYEE MEDICAL & PAID TIME-OFF BENEFIT OBLIGATIONS | PrimaryActivitiesTxt |
| Legal Domicile State | WA | LegalDomicileStateCd |
| Total Income | $9,512,898 | TotalIncomeAmt |
| End Of Year Assets | $287,976,662 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BECU | BusinessNameLine1Txt |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BECU FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12770 GATEWAY DR S | AddressLine1Txt |
| City | TUKWILA | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98168 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 911703337 | EIN |
| Primary Activities | SCHOLARSHIPS | PrimaryActivitiesTxt |
| Legal Domicile State | WA | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | PF | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | 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 | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |