IQ CREDIT UNION: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- IQ CREDIT UNION (EIN 91-0576399)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-11-14
- IRS object ID
- 201643199349310959
- Schema version
- 2015v2.1
- 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 | 2016-11-14T17:23:05-06:00 | ReturnTs |
| Tax Period End | 2015-12-31 | 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 | 805 SW Broadway Ste 1200 | AddressLine1Txt |
| City | Portland | CityNm |
| State Abbreviation | OR | StateAbbreviationCd |
| ZIP | 97205 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 910576399 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | iQ Credit Union | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | IQCR | BusinessNameControlTxt |
| Phone | 3606953441 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1313 Main Street | AddressLine1Txt |
| City | Vancouver | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98660 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DeWayne Ledbetter | PersonNm |
| Person Title | CFO/SVP of Finance | PersonTitleTxt |
| Phone | 3606953441 | PhoneNum |
| Signature | 2016-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Rebecca Griffith | PreparerPersonNm |
| PTIN | P01207510 | PTIN |
| Phone | 5032421447 | PhoneNum |
| Preparation | 2016-11-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ROGER MICHAELIS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1313 Main Street | AddressLine1Txt |
| City | Vancouver | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98660 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $40,558,019 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.iqcu.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1940 | FormationYr |
| Legal Domicile State | WA | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE A FULL COMPLEMENT OF QUALITY FINANCIAL SERVICES IN A CONVENIENT, EFFICIENT, FRIENDLY, SECURE AND PROFITABLE MANNER WHICH MEETS THE NEED OF THE MEMBERSHIP. | ActivityOrMissionDesc |
| Voting Members Governing Body | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 347 | TotalEmployeeCnt |
| Total Volunteers | 39 | TotalVolunteersCnt |
| Total Gross UBI | $1,153,242 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $269,001 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $31,399,179 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $38,513,539 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,254,567 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,685,575 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$1,277,476 | PYOtherRevenueAmt |
| CY Other Revenue | -$415,537 | CYOtherRevenueAmt |
| PY Total Revenue | $32,376,270 | PYTotalRevenueAmt |
| CY Total Revenue | $39,783,577 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $135,019 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $70,750 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $13,157,214 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $15,306,601 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $13,816,896 | PYOtherExpensesAmt |
| CY Other Expenses | $17,516,462 | CYOtherExpensesAmt |
| PY Total Expenses | $27,109,129 | PYTotalExpensesAmt |
| CY Total Expenses | $32,893,813 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,267,141 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $6,889,764 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $746,799,732 | TotalAssetsBOYAmt |
| Total Assets EOY | $821,773,803 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $684,181,848 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $752,346,691 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $62,617,884 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $69,427,112 | NetAssetsOrFundBalancesEOYAmt |
| Mission | To provide a full complement of quality financial services in a convenient, efficient, friendly, secure and profitable manner which meets the need of the membership. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | Provide financial services to 66,900 members. These services include, but are not limited to, providing real estate and other secured/ unsecured consumer loans, checking and savings programs, and credit card services. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | 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 | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | 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 | Yes (1) | 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 | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 14129 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 347 | 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 | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | 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 | 0 | 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 | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | 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 | DeWayne Ledbetter | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3607593018 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1313 Main Street | AddressLine1Txt |
| City | Vancouver | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98660 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 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 |
|---|---|---|---|---|---|---|---|---|
| Dr James Sork | ||||||||
| Board Chairman | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Jim Church | ||||||||
| board vice Chairman | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Sharon Eastman | ||||||||
| board secretary | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Ed Maxwell | ||||||||
| board treasurer | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Joan Durgan | ||||||||
| BOARD MEMBER | 2.50 | Yes (X) | $0 | $0 | $0 | |||
| Jil Click | ||||||||
| BOARD MEMBER | 2.50 | Yes (X) | $0 | $0 | $0 | |||
| Jim Askey | ||||||||
| BOARD MEMBER | 2.50 | Yes (X) | $0 | $0 | $0 | |||
| JOSEPH NUTTING | ||||||||
| BOARD MEMBER | 2.50 | Yes (X) | $0 | $0 | $0 | |||
| Evie Grendahl | ||||||||
| board member | 2.50 | Yes (X) | $0 | $0 | $0 | |||
| Steve Porter | ||||||||
| BOARD MEMBER | 2.50 | Yes (X) | $0 | $0 | $0 | |||
| Dave Marshall | ||||||||
| BOARD MEMBER | 2.50 | Yes (X) | $0 | $0 | $0 | |||
| Don Kitterman | ||||||||
| BOARD MEMBER | 2.50 | Yes (X) | $0 | $0 | $0 | |||
| Doug Lehrman | ||||||||
| BOARD MEMBER | 2.50 | Yes (X) | $0 | $0 | $0 | |||
| Roger Michaelis | ||||||||
| CEO & PRESIDENT | 40.00 | Yes (X) | $607,273 | $0 | $5,322 | |||
| DeWayne Ledbetter | ||||||||
| CFO/SVP OF Finance | 40.00 | Yes (X) | $197,003 | $0 | $37,766 | |||
| CHRIS O'MALLEY | ||||||||
| CIO/SVP Branch & Support Operations | 40.00 | $181,297 | $0 | $26,827 | Yes (X) | |||
| Denis Marsh | ||||||||
| VP of INSURANCE SERVICES | 40.00 | $169,089 | $0 | $6,427 | Yes (X) | |||
| Martina Valentine | ||||||||
| CLO/SVP OF Lending | 40.00 | $165,585 | $0 | $3,575 | Yes (X) | |||
| Jonathan Davis | ||||||||
| Wealth Management Manager | 40.00 | $143,152 | $0 | $6,296 | Yes (X) | |||
| Danette LaChapelle | ||||||||
| SVP OF Communication | 40.00 | $134,912 | $0 | $24,970 | Yes (X) | |||
| ANTHONY HUMPHREY | ||||||||
| VP OF MORTGAGE SERVICES | 40.00 | $136,197 | $0 | $4,568 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,734,508 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $115,751 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 12 | 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 |
|---|---|---|---|---|---|
| JHA Powerlink | |||||
| 1100 Olive Way Suite 320 | Seattle | WA | 98101 | Debit/Credit Card Processing | $595,639 |
| Official Payments Corporation | |||||
| PO Box 418410 | Boston | MA | 02241 | Online Banking Services | $566,104 |
| Info Image | |||||
| 141 Jefferson Drive | Menlo Park | CA | 94025 | Member Statements | $417,767 |
| Meridian Link Inc | |||||
| 1600 Sunflower Avenue Suite 200 | Costa Mesa | CA | 92626 | Loan Processing Services | $345,384 |
| Jack Henry & Associates Inc | |||||
| 663 W Highway 60 | Monett | MO | 65708 | Core Software Maintenance Services | $336,757 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 13 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| Loan Interest | 522100 | $24,489,631 | $24,489,631 | |
| Other Operating Income | 522100 | $7,720,224 | $7,102,580 | $617,644 |
| Fees and Charges | 522100 | $6,303,684 | $5,768,086 | $535,598 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $38,513,539 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,686,917 | TotalRevenueColumnAmt |
| Exclusion | $1,686,917 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $736,100 | SecuritiesAmt |
| Other | $37,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $732,870 | SecuritiesAmt |
| Other | $41,572 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,230 | SecuritiesAmt |
| Other | -$4,572 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$1,342 | TotalRevenueColumnAmt |
| Exclusion | -$1,342 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other Income/LOSS | Desc |
| Business | 522100 | BusinessCd |
| Total Revenue Column | -$415,537 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$415,537 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | -$415,537 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $39,783,577 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $36,944,760 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,153,242 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,685,575 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,250 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,500 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,055,488 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,673,175 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $452,288 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,129,198 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $996,452 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $83,309 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $160,343 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,754,760 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $752,914 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,943,101 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,434,049 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $113,599 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,228 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,112,446 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,051,758 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $136,850 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| Loan Servicing | $2,724,136 |
| LOAN LOSS PROVISION | $2,324,687 |
| atm expenses | $2,150,378 |
| TAXES ON UBIT | $50,000 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $712,904 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,893,813 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,652,262 | BOYAmt |
| EOY | $7,886,357 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,921,251 | BOYAmt |
| EOY | $66,638,846 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $516,402,114 | BOYAmt |
| EOY | $592,752,666 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $801,336 | BOYAmt |
| EOY | $18,343,060 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $43,332,898 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $18,328,329 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,620,305 | BOYAmt |
| EOY | $25,004,569 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $112,453,335 | BOYAmt |
| EOY | $91,182,503 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,826,133 | BOYAmt |
| EOY | $3,491,120 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,153,956 | BOYAmt |
| EOY | $1,426,996 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,969,040 | BOYAmt |
| EOY | $15,047,686 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $746,799,732 | BOYAmt |
| EOY | $821,773,803 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,794,683 | BOYAmt |
| EOY | $8,584,716 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $677,387,165 | BOYAmt |
| EOY | $743,761,975 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $684,181,848 | BOYAmt |
| EOY | $752,346,691 | 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 | $62,617,884 | BOYAmt |
| EOY | $69,427,112 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,617,884 | BOYAmt |
| EOY | $69,427,112 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $746,799,732 | BOYAmt |
| EOY | $821,773,803 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $6,889,764 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$33,114 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$47,422 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | 0 | InclEscrowCustodialAcctLiabInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,877,944 | OtherCostOrOtherBasisAmt |
| Book Value | $2,877,944 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,697,795 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,054,563 | DepreciationAmt |
| Book Value | $16,643,232 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,609,244 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,824,819 | DepreciationAmt |
| Book Value | $2,784,425 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,952,407 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,416,306 | DepreciationAmt |
| Book Value | $2,536,101 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,195,508 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,032,641 | DepreciationAmt |
| Book Value | $162,867 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $25,004,569 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Shares/Deposits | Desc |
| Amt | $743,761,975 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $743,761,975 | TotalLiabilityAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| OREGON FOOD BANK | |||||||
| PO BOX 55730 | PORTLAND | OR | 97238 | 930785786 | 501(C)(3) | $20,000 | Sponsorship of Waterfront Blues Festival |
| First TechnoloGy Federal Credit Union | |||||||
| PO BOX 2100 | BEAVERTON | OR | 97075 | 237062675 | 501(c)(1) | $15,000 | Sponsorship of Dave & Dan Celebrity Golf Tournament |
| Bravo Vancouver Concert Series | |||||||
| PO Box 118 | Vancouver | WA | 98666 | 911944790 | 501(C)(3) | $15,000 | Sponsorship of Wine & Jazz Festival |
| Vancouver School District Foundation | |||||||
| PO Box 6039 | Vancouver | WA | 98668 | 910971800 | 501(C)(3) | $8,000 | Meals for New Teacher Orientation Week |
| Washington State University Foundation | |||||||
| PO Box 641925 | Pullman | WA | 99164 | 911075542 | 501(C)(3) | $6,250 | Contribution to Liberal Arts Development Fund |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 4 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 10 | RecipientCnt |
| Cash Grant | $6,500 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | SCHOLARSHIP APPLICANTS SUBMIT AN APPLICATION, AND RECIPIENTS ARE DETERMINED BY A NUMBER OF FACTORS INCLUDING ESSAYS, GRADES AND LETTERS OF RECOMMENDATION, WHICH ARE ALL SCORED. THE HIGHEST-RATED INDIVIDUALS ARE AWARDED SCHOLARSHIPS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Discretionary Spending Acct | Yes (X) | DiscretionarySpendingAcctInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | 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 (6 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Roger Michaelis | ||||||||||||||
| CEO & PRESIDENT | $358,950 | $0 | $247,346 | $0 | $977 | $0 | $5,322 | $0 | $0 | $0 | $612,595 | $0 | $0 | $0 |
| DeWayne Ledbetter | ||||||||||||||
| CFO/SVP OF Finance | $184,155 | $0 | $21,654 | $0 | -$8,806 | $0 | $28,544 | $0 | $9,222 | $0 | $234,769 | $0 | $0 | $0 |
| CHRIS O'MALLEY | ||||||||||||||
| CIO/SVP Branch & Support Operations | $164,666 | $0 | $18,407 | $0 | -$1,776 | $0 | $25,366 | $0 | $1,461 | $0 | $208,124 | $0 | $0 | $0 |
| Denis Marsh | ||||||||||||||
| VP of INSURANCE SERVICES | $126,013 | $0 | $42,967 | $0 | $109 | $0 | $5,624 | $0 | $803 | $0 | $175,516 | $0 | $0 | $0 |
| Martina Valentine | ||||||||||||||
| CLO/SVP OF Lending | $124,950 | $0 | $10,125 | $0 | $30,510 | $0 | $3,320 | $0 | $255 | $0 | $169,160 | $0 | $0 | $0 |
| Danette LaChapelle | ||||||||||||||
| SVP OF Communication | $127,812 | $0 | $12,959 | $0 | -$5,859 | $0 | $18,698 | $0 | $6,272 | $0 | $159,882 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a | These benefits are provided to the CEO as part of his employment agreement. The discretionary spending account is included in the CEO's taxable compensation. |
| Part I, Line 4b | Some members of executive management (DeWayne Ledbetter and Danette LaChapelle) participated in a 457(f) deferred compensation plan. No contributions or distributions were made during 2015. Some members of executive management (Chris O'Malley, DeWayne Ledbetter and Danette LaChapelle) participated in a 457(f) long-term incentive plan. Contributions of $56,085 were made during 2015. No distributions were made during 2015. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 4 | The Credit Union's bylaws were amended. Changes were made to allow for the compensation of directors and audit committee members. |
| Form 990, Part VI, Section A, line 6 | The Credit Union has members and each member can vote. |
| Form 990, Part VI, Section A, line 7a | The Credit Union members elect members of the governing body. |
| Form 990, Part VI, Section A, line 7b | Decisions of the governing body are subject to approval by members and regulators. |
| Form 990, Part VI, Section B, line 11 | Form 990 is reviewed by the CFO prior to filing. |
| Form 990, Part VI, Section B, line 12c | THE CREDIT UNION HAS A CONFLICT OF INTEREST POLICY, AND EMPLOYEES AND BOARD MEMBERS ANNUALLLY ACKNOWLEDGE THEY COMPLY WITH ALL CREDIT UNION POLICIES. THE CONFLICT OF INTEREST POLICY OUTLINES STEPS TAKEN BY OFFICIALS WHEN A CONFLICT ARISES, WHICH INCLUDE THE CONFLICTED PARTY ABSTAINING FROM A RELATED VOTING ITEM. EMPLOYEES ARE NOT ALLOWED TO RECEIVE A PERSONAL BENEFIT FROM ANY TRANSACTION WITH A VENDOR, CUSTOMER OR SUPPLIER DOING BUSINESS WITH THE CREDIT UNION. |
| Form 990, Part VI, Section B, line 15a | CEO salary is determined after review and approval by the Executive Committee, which is independent of the CEO. The committee's review includes salary data from at least two salary surveys. Minutes are kept to document the discussion and final decision. This process was last undertaken January 2015. |
| Form 990, Part VI, Section C, line 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| Form 990, Part XI, line 9: | OTHER COMPREHENSIVE INCOME/EQUIY TRUE-UP 8,027. PARTNERSHIP PASSTHROUGH BOOK/TAX -55,449. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | iQ for Kids | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 1739 | AddressLine1Txt |
| City | Vancouver | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98668 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 203988310 | EIN |
| Primary Activities | Fundraising to support children's charities | PrimaryActivitiesTxt |
| Legal Domicile State | WA | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | 509(a)(1) | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IQ CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Clark Financial Services Inc | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 1846 | AddressLine1Txt |
| City | Vancouver | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98668 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 911253818 | EIN |
| Primary Activities | Service org providing insurance products to credit union members | PrimaryActivitiesTxt |
| Legal Domicile State | WA | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IQ CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $256,671 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $938,062 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | 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 | Yes (1) | 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 | Yes (1) | 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 |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| CLARK financial services inc | ||
| A | $21,180 | fair market value |
| CLARK financial services inc | ||
| D | $500,000 | loan guarantee/no balance |
| CLARK financial services inc | ||
| Q | $641,944 | fair market value |