2014-04-24T15:44:17-07:00 2013-12-31 990 2013-01-01 910403815 CREDIT UNIONS IN THE STATE OF WASHINGTON CRED 2066284010 325 Eastlake Ave E Seattle WA 98109 Scott Adkins President 2066284215 2014-04-24 2013 2015-11-30 17:44:51Z Scott Adkins 325 Eastlake Avenue East Seattle WA 98109 29783697 0 1269 X www.schoolemployeescu.org X Credit Union 1936 WA Credit Union 9 9 136 11 0 0 0 0 25304482 25330843 4707686 4452854 0 0 30012168 29783697 69809 116283 0 0 11481142 11035732 0 0 0 17274487 16248849 28825438 27400864 1186730 2382833 924735129 962155988 835650384 866849720 89084745 95306268 Credit Union 0 0 Credit Union 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 1 45204 0 1 136 1 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X Brad Boydston 2066284240 325 Eastlake Ave E Seattle WA 98109 Carl E Tingelstad Board Member 2 2 X 1528 70719 0 Linda S Cowan Board Member 2 2 X 1230 71368 0 Borje O Saxberg Chairman 2 2 X 0 73363 0 Roger A Reimer Board Member 2 2 X 1205 62975 0 Richard A Rutkowski Board Member 2 2 X 713 70550 0 Brian L Benzel Board Member 2 2 X 0 73308 0 William C Bonaudi Board Member 2 2 X 0 70171 0 Shirley Liu Hodgson Board Member 2 2 X 0 70478 0 Sandra M Kurack Director/Former President 2 2 X X 503687 55514 40600 Steve A Ricco Chief Financial Officer 2 38 X 20257 387461 54597 Kristina Hanson Vice President 40 0 X 132479 0 37734 Brad Boydston Controller 40 0 X 148093 0 27830 Margie Prebo Vice President 40 0 X 125658 0 33538 Sherry Lotze Vice President 40 0 X 119666 0 38117 Joann Blalock Vice President 40 0 X 138249 0 29767 Grant Brockmeyer Application Support Specialist 40 0 X 119501 0 38232 Scott Adkins President 40 0 X 60407 0 4137 Gregory Vermilion Technical Analyst 40 0 X 108009 0 22715 James Hanulik Vice President 40 0 X 102696 0 35484 Carol Cameron Project Manager 40 0 X 102559 0 21843 1685937 1005907 384594 10 1 1 0 Intuit - Formerly Digital Insight 21215 Burbank Boulevard Suite 400 Woodland Hills CA 91367 Internet banking services 1335120 Payment Systems for Credit Unions 560 Carillon Parkway St Petersburg FL 33716 Credit card processing 1269161 Premera Blue Cross PO Box 9159 Seattle WA 98111 Medical Insurance 1336259 Denali Advanced Integration 17735 NE 65th Street Suite 130 Redmond WA 98032 Information technology 742403 Fiserv 75 Remittance Drive Ste 6943 Chicago IL 606756943 ATM/Debit card processing 634074 24 0 Interest on Loans to Members 522100 19433853 19433853 0 0 Card Interchange Income 522100 3713132 3713132 0 0 Service Charges 522100 1925850 1925850 0 0 Other Income 522100 258008 258008 0 0 0 0 0 0 25330843 4452854 4452854 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 29783697 29783697 0 0 108333 7950 0 0 1598398 0 5925835 383633 2573091 554775 0 30901 87925 0 0 0 952332 405369 1520307 2722553 0 556238 120936 0 35774 2074660 0 471746 116350 ATM/Debit/Credit Card Expenses 3106982 Provision for Loan Losses 2385282 NCUA Assessment 659799 Other Expenses 1001695 0 27400864 0 0 0 4978727 3144259 53834110 69837846 0 0 737006 1016987 459815 475856 0 0 343698933 411484979 0 0 259334 294610 5551473 4657399 1014643 894074 507650798 462177392 0 0 0 0 0 0 12101763 12829985 924735129 962155988 12400539 7520528 823249845 859329192 835650384 866849720 X 0 0 0 0 89084745 95306268 89084745 95306268 924735129 962155988 X 2382833 -1035589 0 0 0 4874279 X 0 1 X 1 0 0 0 0 0 0 0 0 0 1317631 1016974 300657 0 4233842 3640425 593417 0 0 0 0 894074 0 Member savings accounts 636177059 Member checking accounts 173762008 Member IRA accounts 49390125 859329192 29783697 0 0 0 0 0 29783697 0 0 0 29783697 27400864 0 0 0 0 0 27400864 0 0 0 27400864 0 Pemco Foundation 325 Eastlake Ave E Seattle WA 98109 916072723 112232 Support the foundation funded by the Credit Union and a related party. 1 0 Scholarship 15 7950 0 Schedule I, Part I, Line 2 The Credit Union relies on the foundation management to properly monitor and evaluate donations. X 1 1 X X X 0 0 0 Sandra M Kurack Director/Former President 399301 0 13765 0 90621 55514 30600 0 10000 0 544287 55514 0 0 Steve A Ricco Chief Financial Officer 20257 384875 0 2650 0 -64 0 30600 0 23997 20257 442058 0 0 Joann Blalock Vice President 81386 0 9749 0 47115 0 16528 0 13238 0 168016 0 0 0 Brad Boydston Controller 140001 0 9200 0 -1108 0 17640 0 10190 0 175923 0 0 0 Grant Brockmeyer Application Support Specialist 113365 0 7574 0 -1437 0 14262 0 23970 0 157734 0 0 0 Kristina Hanson Vice President 127124 0 7353 0 -1998 0 16005 0 21729 0 170213 0 0 0 Sherry Lotze Vice President 116480 0 6059 0 -2873 0 14128 0 23989 0 157783 0 0 0 Margie Prebo Vice President 121430 0 7201 0 -2973 0 15277 0 18261 0 159196 0 0 0 Schedule J, Part I, Line 1a Paid spouse travel for conferences Brian Benzel Director Auto X 51931 39369 0 1 1 William Bonaudi Director Auto X 116426 98086 0 1 1 William Bonaudi Director Visa X 20000 8729 0 1 1 Bradley Boydston Officer Visa X 20000 214 0 1 1 James Hanulik Officer Visa X 20000 5719 0 1 1 Shirley Hodgson Director Visa X 20000 390 0 1 1 George Holmgren Director Overdraft Protection X 200 177 0 1 1 George Holmgren Director Boat X 85203 52707 0 1 1 George Holmgren Director Visa X 20000 1215 0 1 1 Sandra Kurack Director Visa X 20000 529 0 1 1 Sherry Lotze Officer Auto X 27693 25067 0 1 1 Sherry Lotze Officer Visa X 20000 4808 0 1 1 Richard Rutkowski Director Boat X 155000 109499 0 1 1 Richard Rutkowski Director Auto X 33092 14040 0 1 1 Richard Rutkowski Director Home Equity X 90000 67095 0 1 1 Carl Tingelstad Director Visa X 20000 53 0 1 1 Denice Town Assistant Secretary Auto X 21936 12622 0 1 1 Denice Town Assistant Secretary Unsecured X 25000 24807 0 1 1 Denice Town Assistant Secretary Visa X 20000 10730 0 1 1 475856 Jack Boydston Child of Employee 450 Scholarship Scholarship Scott Boydston Child of Employee 900 Scholarship Scholarship Dalton Bruil Child of Employee 300 Scholarship Scholarship Briana Davidson Child of Employee 900 Scholarship Scholarship Rylan Edlin Child of Employee 300 Scholarship Scholarship Jade Hanson Child of Employee 600 Scholarship Scholarship Zackary Hanson Child of Employee 450 Scholarship Scholarship Justice Jackson Child of Employee 600 Scholarship Scholarship Ryan Newman Child of Employee 2250 Scholarship Scholarship Zachary Vermilion Child of Employee 1200 Scholarship Scholarship Form 990, Part VI, Section A, Line 6 Credit Unions are organized as cooperatives and individuals become voting members when they join. Form 990, Part VI, Section A, Line 7a The Board of Directors are elected by a vote of members at the annual meeting. Form 990, Part VI, Section A, Line 7b A vote of members is required for a merger, charter conversion or other significant matter. Form 990, Part VI, Section B, Line 11b The Form 990 is presented to the Board of Directors prior to filing the return. Form 990, Part VI, Section B, Line 12c A conflict of interest disclosure form must be signed annually by all Directors and Officers. Form 990, Part VI, Section B, Line 15 The salary fo the CEO is determined by the compensation committee of the Board of Directors. Factors in determining compensation include industry comparisons, experience, performance and other factors. Salaries for other Officers are set by their supervisors based upon industry comparison, experience, performance and other factors. Form 990, Part VI, Section C, Line 19 The Credit Union sends its members summary income statement and balance sheet data annually. Detailed information is available to the public on the NCUA website. The tax return, audited financial statements and other data are available upon request. Form 990, Part XI, Line 9 Other changes in fund balances were due to a change in the recorded liability of post retirement benefit obligations. PEMCO Mutual Insurance Company 325 Eastlake Avenue East Seattle WA 98109 Property and Casualty Insurance WA N/A C 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 PEMCO Mutual Insurance Company k 534171 Market value per square foot PEMCO Mutual Insurance Company p 364402 Reimbursement for invoices paid PEMCO Mutual Insurance Company m 339129 Pay for services performed (Shared Services) PEMCO Mutual Insurance Company o 350000 Pay for salaries based on percent usage