2015-11-13T13:01:39-06:00 2014-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2014-01-01 910863377 NUMERICA CREDIT UNION NUME 5095357613 14610 E SPRAGUE AVENUE SPOKANE VALLEY WA 992162146 CINDY LEAVER CFO 5095357613 2015-11-13 1 EMINA O CRESSWELL P01217304 5097472600 2015-11-10 2014 2016-03-07 17:11:31Z CINDY LEAVER 14610 E SPRAGUE AVENUE SPOKANE VALLEY WA 992162146 107077068 0 1269 X WWW.NUMERICACU.COM X 1937 WA CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES. 9 9 466 16 1187482 222907 0 0 70063731 73283519 2740476 2154863 0 0 72804207 75438382 154288 190237 0 0 24203608 28823622 0 0 0 31506411 31391544 55864307 60405403 16939900 15032979 1330539948 1426153226 1189551794 1268438401 140988154 157714825 CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES. 0 0 PROVIDE FINANCIAL SERVICES TO 108,414 MEMBERS. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, PROVIDING REAL ESTATE AND OTHER SECURED/UNSECURED CONSUMER AND BUSINESS LOANS, CHECKING AND SAVINGS PROGRAMS, AND CREDIT CARD SERVICES. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 30556 0 1 466 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X CINDY LEAVER 5095357613 14610 E SPRAGUE AVENUE SPOKANE VALLEY WA 99216 SMITH YVONNE VOTING BOARD MEMBER - DIRECTOR 8.00 X 4792 0 0 PLUMB SCOTT VOTING BOARD MEMBER - DIRECTOR 8.00 X 10153 0 0 MORTENSEN WES VOTING BOARD MEMBER - DIRECTOR 8.00 X 6725 0 0 HARMON ROBIN VOTING BOARD MEMBER - DIRECTOR 8.00 X 6615 0 0 NIELSEN SUSAN VOTING BOARD MEMBER - DIRECTOR 8.00 X 8422 0 0 DAY JOE FORMER VOTING BOARD MEMBER - DIRECTOR 8.00 X 8831 0 0 LANNING LARRY FORMER VOTING BOARD MEMBER - DIRECTOR 8.00 X 5872 0 0 CLARK SCOTT VOTING BOARD MEMBER - VICE CHAIR 8.00 X X 5071 0 0 SHRIVER DAVE VOTING BOARD MEMBER - CHAIRMAN 8.00 X X 2346 0 0 HUPP RON VOTING BOARD MEMBER - CHAIR ELECT 8.00 X X 10844 0 0 BENSON ADAM VOTING BOARD MEMBER - SECRETARY 8.00 X X 5031 0 0 FERGUSON KELLEY CHIEF INFORMATION OFFICER 40.00 X 254213 0 13199 HARTER NANCY CHIEF BRANDING OFFICER 40.00 X 257600 0 13608 ALTEPTER CARLA PRESIDENT/CEO 40.00 X 610901 0 48923 LEAVER CINDY CHIEF FINANCIAL OFFICER 40.00 X 227662 0 15151 LEHN JENNIFER CHIEF OPERATIONS OFFICER 40.00 X 595599 0 12279 PLANK KENNETH CHIEF LENDING OFFICER 40.00 X 262081 0 7290 CIANI LYNN EVP - GENERAL COUNSEL 40.00 X 188310 0 12760 SUNDERMAN LISA VP ENTERPRISE RISK MANAGEMENT 40.00 X 151384 0 10243 HANSEN GREG VP OF BUSINESS SERVICES 40.00 X 173036 0 14404 GRABICKI MICHELLE VP OF CORPORATE CULTURE 40.00 X 181015 0 18611 STEPHENS ROB VP OF FINANCE 40.00 X 182681 0 12591 PHARES SCOTT AVP DEALER CENTER 40.00 X 161876 0 6392 MURRAY KAYCEE AVP E-DEVELOPMENT 40.00 X 132059 0 11132 COLTRAIN ERIC FINANCIAL ADVISOR 40.00 X 172906 0 14698 HALLOCK ERYNNE VP OF BRANCH ADMIN & SALES 40.00 X 140537 0 7369 BRADDOCK PATRICIA VP OF CENTRAL WASHINGTON REGION 40.00 X 130983 0 30840 3897545 0 249490 35 0 1 0 LEONE & KEEBLE INC PO BOX 2747 SPOKANE WA 99220 GENERAL CONTRACTOR 8068210 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 COMPUTERS/TECHNOLOGY 7721056 MTR COMMUNICATIONS 1705 S MAPLE BLVD SPOKANE WA 99203 MARKETING/PUBLIC RELATIONS 1462834 ALLIED FIRE AND SECURITY 425 WEST SECOND SPOKANE WA 99204 SECURITY 615543 EHS DESIGN 821 2ND AVE STE 400 SEATTLE WA 98104 STRATEGIC PLANNING/INTERIOR DESIGN 608225 47 INTEREST ON LOANS 522100 55952634 55952634 FEE INCOME 522100 17330885 16143403 1187482 73283519 2395065 2395065 30105149 1293335 30093334 1545352 11815 -252017 -240202 -240202 75438382 72096037 1187482 2154863 190237 3338243 18542576 2041708 3015521 1885574 23995 165951 508164 2614204 3333482 1743122 1609429 491450 100476 9207360 2261007 243876 UNRELATED BUSINESS TAX 70500 PROVISION FOR LOAN LOSS 5233919 LOAN SERVICING EXPENSE 2228523 ATM/VISA CARD EXPENSES 1215263 340823 60405403 15107758 14916572 76543960 74140482 2320422 10174076 1045691710 1149601568 1585534 1702384 64193553 17892820 38763785 46300733 131086783 113023651 200735 176513 19239261 16117247 1330539948 1426153226 14285796 17010643 73427 36991 52284457 50215640 1122908114 1201175127 1189551794 1268438401 X 0 0 0 0 140988154 157714825 140988154 157714825 1330539948 1426153226 15032979 1693692 0 X 0 1 X 1 0 11559401 11559401 31680732 7778726 23902006 1017858 625731 392127 4879855 3623679 1256176 15055707 5864684 9191023 46300733 AVAILABLE FOR SALE SECURITIES 98900713 F HELD TO MATURITY SECURITIES 1761 C NCUSIF DEPOSIT 10728877 C FEDERAL HOME LOAN BANK STOCK 2392300 C OTHER INVESTMENTS 1000000 C 113023651 SHARES & DEPOSITS 1174175127 OTHER BORROWINGS 27000000 1201175127 X 75438382 0 75438382 0 75438382 60405403 0 60405403 0 60405403 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 UNIONS UNRELATED BUSINESS INCOME AND SUBSIDIARIES ARE SUBJECT TO FEDERAL INCOME TAXES. THERE WERE NO SIGNIFICANT INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2014 OR 2013. 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, 2014, AND DECEMBER 31, 2013. 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 A FEDERAL EXEMPT ORGANIZATION RETURN AND SALES AND USE TAX RETURN WITH THE STATE OF WASHINGTON. WITH FEW EXCEPTIONS, THE CREDIT UNION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2011. 1 SAFE HARBOR 1111 N GRANT PLACE KENNEWICK WA 99336 911725914 501(C)(3) 5400 GENERAL SUPPORT APPLESOX BASEBALL 610 N MISSION ST 204 WENATCHEE WA 98801 912035203 501(C)(3) 5550 GENERAL SUPPORT YMCA 1126 N MONROE SPOKANE WA 99201 910827958 501(C)(3) 5600 GENERAL SUPPORT VANESSA BEHAN CRISIS NURSERY 1004 E 8TH AVE SPOKANE WA 99202 911196575 501(C)(3) 6100 GENERAL SUPPORT MOBIUS KIDS 808 W MAIN ST SPOKANE WA 99201 911694299 501(C)(3) 6250 GENERAL SUPPORT CHRIST KITCHEN PO BOX 28236 SPOKANE WA 99228 911435174 501(C)(3) 7500 GENERAL SUPPORT WOMEN & CHILDREN'S FREE RESTAURANT 1620 N MONROE SPOKANE WA 99205 911399742 501(C)(3) 8095 GENERAL SUPPORT SPOKANE PARKS FOUNDATION 222 W MISSION AVE SUITE 10 SPOKANE WA 99201 916033504 501(C)(3) 10000 GENERAL SUPPORT TOWN TOYOTA CENTER 1300 WALLA WALLA WENATCHEE WA 98801 562608455 501(C)(3) 13100 GENERAL SUPPORT SNAP 3102 W FT GEORGE WRIGHT DRIVE SPOKANE WA 99224 911311127 501(C)(3) 16125 GENERAL SUPPORT SPOKANE HOOPFEST ASSOCIATION PO BOX 599 SPOKANE WA 99210 911505510 501(C)(3) 16500 GENERAL SUPPORT GIRL SCOUTS OF EASTERN WASHINGTON AND NORTH IDAHO 1404 N ASH ST SPOKANE WA 99201 910570844 501(C)(3) 17550 GENERAL SUPPORT INLAND NORTHWEST COMMUNITY 421 W RIVERSIDE SUITE 606 SPOKANE WA 99201 910941053 501(C)(3) 21667 GENERAL SUPPORT SECOND HARVEST FOOD BANK 1234 E FRONT AVE SPOKANE WA 99202 237173826 501(C)(3) 50800 GENERAL SUPPORT 14 0 PART I, LINE 2: DONATIONS ARE ROUTED THROUGH THE COMMUNITY INVOLVEMENT COMMITTEE (CIC) OR THROUGH THE COMMUNICATIONS DEPARTMENT DEPENDING ON THE REQUEST. THE REQUEST IS THEN EVALUATED EITHER BY COMMUNICATIONS OR BY THE CIC DONATIONS SUB-COMMITTEE AND A DETERMINATION MADE AS TO THE AMOUNT TO BE DONATED. ALL ACKNOWLEDGEMENTS ARE RETAINED AND RECIPIENTS OF THE DONATIONS RECORDED. X X X 1 1 X X 0 0 0 FERGUSON KELLEY CHIEF INFORMATION OFFICER 208509 0 43344 0 2360 0 6045 0 7154 0 267412 0 0 0 HARTER NANCY CHIEF BRANDING OFFICER 208924 0 46266 0 2410 0 7636 0 5972 0 271208 0 0 0 ALTEPTER CARLA PRESIDENT/CEO 469047 0 109709 0 32145 0 11500 0 37423 0 659824 0 0 0 LEAVER CINDY CHIEF FINANCIAL OFFICER 221192 0 3268 0 3202 0 8039 0 7112 0 242813 0 0 0 LEHN JENNIFER CHIEF OPERATIONS OFFICER 541396 0 53187 0 1016 0 6307 0 5972 0 607878 0 0 0 PLANK KENNETH CHIEF LENDING OFFICER 207351 0 46911 0 7819 0 178 0 7112 0 269371 0 0 0 CIANI LYNN EVP - GENERAL COUNSEL 164476 0 22861 0 973 0 5648 0 7112 0 201070 0 0 0 SUNDERMAN LISA VP ENTERPRISE RISK MANAGEMENT 132868 0 18419 0 97 0 3131 0 7112 0 161627 0 0 0 HANSEN GREG VP OF BUSINESS SERVICES 135555 0 37440 0 41 0 5192 0 9212 0 187440 0 0 0 GRABICKI MICHELLE VP OF CORPORATE CULTURE 142125 0 38849 0 41 0 5429 0 13182 0 199626 0 0 0 STEPHENS ROB VP OF FINANCE 149634 0 32950 0 97 0 5479 0 7112 0 195272 0 0 0 PHARES SCOTT AVP DEALER CENTER 115158 0 46675 0 43 0 0 0 6392 0 168268 0 0 0 COLTRAIN ERIC FINANCIAL ADVISOR 26000 0 146863 0 43 0 5186 0 9512 0 187604 0 0 0 BRADDOCK PATRICIA VP OF CENTRAL WASHINGTON REGION 116479 0 14411 0 93 0 3928 0 26912 0 161823 0 0 0 PART I, LINE 1A WELLNESS EXPENSES SUCH AS HEALTH CLUB DUES ARE PROVIDED FOR EXECUTIVE MANAGEMENT AS A BENEFIT. THEIR COMPENSATION IS TAXED APPROPRIATELY FOR THIS BENEFIT. BOARD MEMBERS WHO HAVE COMPANIONS TRAVELING HAVE THESE EXPENSES INCLUDED FOR TAXABLE PURPOSES IN THEIR 1099-MISC. TAX PAYMENTS ARE PROVIDED FOR EXECUTIVE LEVEL STAFF ON THE TAXABLE BENEFIT OF AN INTEREST-FREE LOAN ON A SPLIT DOLLAR LIFE INSURANCE POLICY. ALTEPETER CARLA PRESIDENT/CEO SPLIT DOLLAR LIFE INSURANCE POLICY X 3662924 3662924 0 0 1 ALTEPETER CARLA PRESIDENT/CEO COLLATERALIZED LOAN - CLOSED END X 32670 23288 0 0 1 ALTEPETER CARLA PRESIDENT/CEO MORTGAGE LOAN SERVICING X 562500 499530 0 0 1 BENSON ADAM BOARD OF DIRECTORS NCU SUBSERVICED EQUITY LOAN X 39300 38733 0 0 1 BENSON ADAM BOARD OF DIRECTORS FNMA INVESTOR MORTGAGE X 209600 208490 0 0 1 BENSON ADAM BOARD OF DIRECTORS COLLATERALIZED LOAN - CLOSED END X 21222 6808 0 0 1 CIANI LYNN EVP - GENERAL COUNCIL NCU SUBSERVICED EQUITY LOAN X 50000 46141 0 0 1 CIANI LYNN EVP - GENERAL COUNCIL 2014 ARCTIC FOX 29L X 40556 38269 0 0 1 CIANI LYNN EVP - GENERAL COUNCIL FNMA INVESTOR MORTGAGE X 333600 318450 0 0 1 CLARK SCOTT T BOARD OF DIRECTORS NCU SUBSERVICED EQUITY LOAN X 38050 34891 0 0 1 CLARK SCOTT T BOARD OF DIRECTORS NUMERICA SUBSERVICED MORTGAGE X 170000 164594 0 0 1 CLARKSCOTT T BOARD OF DIRECTORS COLLATERALIZED LOAN - CLOSED END X 13000 3610 0 0 1 FERGUSON KELLEY CHIEF INFORMATION OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 530268 530268 0 0 1 FERGUSON KELLEY CHIEF INFORMATION OFFICER NUMERICA SMARTLINE 2ND X 45000 44529 0 0 1 FERGUSON KELLEY CHIEF INFORMATION OFFICER VACANT LAND LOAN X 103280 102773 0 0 1 FERGUSON KELLEY CHIEF INFORMATION OFFICER NUMERICA SUBSERVICED MORTGAGE X 224000 199835 0 0 1 HARMON ROBIN BOARD OF DIRECTORS COLLATERALIZED LOAN - CLOSED END X 48029 38405 0 0 1 HARMON ROBIN BOARD OF DIRECTORS MORTGAGE LOAN SERVICING X 269895 254486 0 0 1 HUPP RON BOARD OF DIRECTORS HELOC 1ST FIXED PAYOUT LOAN X 29114 9385 0 0 1 HUPP RON BOARD OF DIRECTORS COLLATERALIZED LOAN - CLOSED END X 31919 20625 0 0 1 HUPP RON BOARD OF DIRECTORS COLLATERALIZED LOAN - CLOSED END X 30125 19193 0 0 1 LEAVER CYNTHIA J CHIEF FINANCIAL OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 644077 644077 0 0 1 LEAVER CYNTHIA J CHIEF FINANCIAL OFFICER NUMERICA SMARTLINE 2ND X 77333 77333 0 0 1 LEAVER CYNTHIA J CHIEF FINANCIAL OFFICER EMPLOYEE COMPUTER LOAN X 1442 742 0 0 1 LEHN JENNIFER A CHIEF OPERATIONS OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 147684 147684 0 0 1 LEHN JENNIFER A CHIEF OPERATIONS OFFICER MORTGAGE LOAN SERVICING X 216000 191207 0 0 1 LEHN JENNIFER A CHIEF OPERATIONS OFFICER COLLATERALIZED LOAN - CLOSED END X 31035 15869 0 0 1 NORBURY-HARTER NANCY CHIEF BRANDING OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 828196 828196 0 0 1 NORBURY-HARTER NANCY CHIEF BRANDING OFFICER NUMERICA SUBSERVICED MORTGAGE X 417000 411278 0 0 1 PLANK KEN CHIEF LENDING OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 807416 807416 0 0 1 PLANK KEN CHIEF LENDING OFFICER NUMERICA SMARTLINE 2ND X 104550 104198 0 0 1 PLANK KEN CHIEF LENDING OFFICER NUMERICA SUBSERVICED MORTGAGE X 417000 404475 0 0 1 PLANK KEN CHIEF LENDING OFFICER 2002 MALIBU 23LSV X 31881 31261 0 0 1 PLANK KEN CHIEF LENDING OFFICER COLLATERALIZED LOAN - CLOSED END X 20212 11121 0 0 1 PLUMB SCOTT BOARD OF DIRECTORS UNSECURED-CLOSED END X 17640 15063 0 0 1 PLUMB SCOTT BOARD OF DIRECTORS MORTGAGE LOAN SERVICING X 215650 193396 0 0 1 PLUMB SCOTT BOARD OF DIRECTORS COLLATERALIZED LOAN - CLOSED END X 31000 10011 0 0 1 PLUMB SCOTT BOARD OF DIRECTORS COLLATERALIZED LOAN - CLOSED END X 9500 6321 0 0 1 SMITH YVONNE BOARD OF DIRECTORS DEALER LOAN X 14798 9201 0 0 1 10174076 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE CLASS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERS MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION'S MEMBERS MUST APPROVE CERTAIN INFREQUENT DECISIONS OF THE GOVERNING BODY. FOR EXAMPLE, A MERGER WOULD REQUIRE MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY EXECUTIVE MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C THERE IS AN ANNUAL CERTIFICATION PROCESS WHERE THE CODE OF ETHICS POLICY FOR VOLUNTEERS IS REVIEWED. FORM 990, PART VI, SECTION B, LINE 15 A COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE CEO'S CONTRACT ANNUALLY AND USES DATA FROM VARIOUS SURVEYS TO PROVIDE SUBSTANTIATION OF THE DELIBERATION AND DECISIONS REGARDING THE CEO'S ANNUAL BONUS AND SALARY. ALL OF THE SALARY RANGES FOR THE ENTIRE ORGANIZATION ARE SET BASED ON VARIOUS SALARY SURVEYS. THE SURVEYS ARE OF FINANCIAL INSTITUTIONS OF SIMILAR SIZE AND REGION. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 1024 AND FORM 990 ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. NUMERICA MEMBER SERVICES INC PO BOX 4000 SPOKANE VALLEY WA 99037 911320629 FINANCIAL PLANNING SERVICE WA NUMERICA CREDIT UNION C 495765 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0