KITSAP CREDIT UNION: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- KITSAP CREDIT UNION (EIN 91-0333066)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-05-01
- IRS object ID
- 201441219349300944
- Schema version
- 2013v3.1
- 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 | 2014-05-01T15:05:00-08:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 910333066 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KITSAP CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KITS | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 990 | AddressLine1 |
| City | BREMERTON | City |
| State | WA | State |
| ZIP Code | 98337 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SCOTT HENDERSON | PersonNm |
| Person Title | SVPCFO | PersonTitleTxt |
| Phone | 3606622000 | PhoneNum |
| Signature | 2014-05-01 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SCOTT HENDERSON | PrincipalOfficerNm |
| Gross Receipts | $73,462,990 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.KITSAPCU.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1934 | FormationYr |
| Legal Domicile State | WA | LegalDomicileStateCd |
| Activity Or Mission | A NOT-FOR-PROFIT FINANCIAL COOPERATIVE OFFERING CHECKING AND SAVINGS PROGRAMS LENDING AND RELATED SERVICES TO MEMBERS WHO LIVE WORK OR WORSHIP IN THE STATE OF WASHINGTON. KITSAP CREDIT UNION (KCU) ALSO PROVIDES FINANCIAL LITERACY PROGRAMS AND IS ACTIVELY INVOLVED IN COMMUNITY OUTREACH PROGRAMS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 383 | TotalEmployeeCnt |
| Total Volunteers | 15 | TotalVolunteersCnt |
| Total Gross UBI | $726,909 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $726,909 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $44,419,955 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $42,235,942 | CYProgramServiceRevenueAmt |
| PY Investment Income | $6,160,659 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,671,870 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $50,580,614 | PYTotalRevenueAmt |
| CY Total Revenue | $44,907,812 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $17,649,686 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $18,280,518 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $26,700,948 | PYOtherExpensesAmt |
| CY Other Expenses | $24,434,848 | CYOtherExpensesAmt |
| PY Total Expenses | $44,350,634 | PYTotalExpensesAmt |
| CY Total Expenses | $42,715,366 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $6,229,980 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,192,446 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $962,776,630 | TotalAssetsBOYAmt |
| Total Assets EOY | $961,036,950 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $878,606,493 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $878,893,437 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $84,170,137 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $82,143,513 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO OFFER CHECKING SAVINGS AND LENDING PROGRAMS TO MEMBERS WHO LIVE WORK AND WORSHIP IN THE STATE OF WASHINGTON. KCU ALSO PROVIDES FINANCIAL LITERACY PROGRAMS AND IS ACTIVELY INVOLVED IN COMMUNITY OUTREACH PROGRAMS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | SECURED AND UNSECURED LOANS ISSUED TO CREDIT UNION MEMBERS AS RELATED TO THE EXEMPT PURPOSE OF KCU. THE TYPES OF LOANS ISSUED INCLUDE DIRECT AND INDIRECT VEHICLE LOANS VISA'S HOME EQUITY LOANS AND MORTGAGE LOANS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SAVINGS PROGRAMS THAT ARE PROVIDED TO CREDIT UNION MEMBERS AS RELATED TO THE EXEMPT PURPOSE OF KCU. THE TYPES OF ACCOUNTS OFFERED ARE CHECKING MONEY MARKET ACCOUNTS IRA ACCOUNTS REGULAR SAVINGS AND CERTIFICATES. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | COMMUNITY OUTREACH BRANCHES OFFERED IN HIGH SCHOOLS. COMMUNITY INVOLVEMENT INCLUDING DONATION OF STAFF TIME IN THE COMMUNITY. KCU ALSO OFFERS MANY FINANCIAL LITERACY CLASSES FOR CHILDREN AND ADULTS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 383 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Form8886 T Filed | false | Form8886TFiledInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Nondeductible Contri Discl | false | NondeductibleContriDisclInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | false | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Org Filed In Lieu Of Form1041 | false | OrgFiledInLieuOfForm1041Ind |
| Licensed More Than One State | false | LicensedMoreThanOneStateInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Form720 Filed | false | Form720FiledInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Policies Reference Chapters | false | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SCOTT HENDERSON | PersonNm |
| Phone | 3606622000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 990 | AddressLine1 |
| City | BREMERTON | City |
| State | WA | State |
| ZIP Code | 98337 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| ELLIOT GREGG | |||||||
| PRESIDENTCEO | 40 | Yes (X) | $2,268,891 | $0 | $20,959 | ||
| KELLIE LETEXIER | |||||||
| SVP COO | 40 | Yes (X) | $212,331 | $0 | $18,985 | ||
| SCOTT HENDERSON | |||||||
| SVP CFO | 40 | Yes (X) | $214,106 | $0 | $18,564 | ||
| COLIN MORRISON | |||||||
| SVP CIO | 40 | Yes (X) | $177,739 | $0 | $17,188 | ||
| ANTHONY BULLERI | |||||||
| SVP CLO | 40 | Yes (X) | $144,446 | $0 | $5,624 | ||
| CAROLYN YOUNG | |||||||
| VP OF BRANCH OPERATIONS | 40 | Yes (X) | $128,471 | $0 | $14,134 | ||
| JON SCHULTZ INVESTMENT SERVICES | |||||||
| REGISTERED REPRESENTATION | 40 | Yes (X) | $126,167 | $0 | $14,012 | ||
| DONNA RANSIER | |||||||
| VP OF INFORMATION TECHNOLOGY | 40 | Yes (X) | $115,792 | $0 | $10,807 | ||
| JEANETTE HUGHES | |||||||
| VP OF DEALER FINANCE | 40 | Yes (X) | $115,245 | $0 | $11,335 | ||
| GEORGE HALL | |||||||
| SENIOR COMMERCIAL LOAN OFFICER | 40 | Yes (X) | $110,221 | $0 | $8,855 | ||
| MELINDA ANTHONY | |||||||
| VP OF LENDING | 40 | Yes (X) | $104,614 | $0 | $14,347 | ||
| RANDY MITCHELL | |||||||
| LOAN SERVICING MANAGER | 40 | $104,840 | $0 | $13,359 | Yes (X) | ||
| LAURA HOLLOWAY | |||||||
| HR MANAGER | 40 | $103,837 | $0 | $13,632 | Yes (X) | ||
| LEAH OLSON | |||||||
| VP OF MARKETING | 40 | Yes (X) | $100,430 | $0 | $13,062 | ||
| WENDIE JOHNSON | |||||||
| CHAIR | 8 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| JIM ROWSON | |||||||
| VICE CHAIR | 8 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| DOUG LUPTON | |||||||
| TREASURER | 5 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| BILL SLACH | |||||||
| SECRETARY | 5 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| CAROLYN MAXON | |||||||
| DIRECTOR | 5 | $0 | $0 | $0 | Yes (X) | ||
| BILL RUMBOLD | |||||||
| DIRECTOR | 5 | $0 | $0 | $0 | Yes (X) | ||
| BOB PODRAT | |||||||
| DIRECTOR | 5 | $0 | $0 | $0 | Yes (X) | ||
| DAVE ANDERSON | |||||||
| DIRECTOR | 5 | $0 | $0 | $0 | Yes (X) | ||
| WILLIAM NOGLE | |||||||
| DIRECTOR | 5 | $0 | $0 | $0 | Yes (X) | ||
| RALPH STRICKLAND | |||||||
| DIRECTOR EMERITUS | 1 | $0 | $0 | $0 | Yes (X) | ||
| LANNY ROSS | |||||||
| SUPERVISORY COMMITTEE | 5 | $0 | $0 | $0 | Yes (X) | ||
| GERDA OOSTMAN | |||||||
| SUPERVISORY COMMITTEE | 5 | $0 | $0 | $0 | Yes (X) | ||
| PETE SCHLICHER | |||||||
| SUPERVISORY COMMITTEE | 5 | $0 | $0 | $0 | Yes (X) | ||
| PAT DIBERT | |||||||
| SUPERVISORY COMMITTEE | 5 | $0 | $0 | $0 | Yes (X) | ||
| GARY BAKER | |||||||
| SUPERVISORY COMMITTEE | 5 | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,027,130 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $194,863 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 14 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| DIGITAL INSIGHT | |||||
| PO BOX 515306 | LOS ANGELES | CA | 90051 | BILL PAY SERVICE | $1,608,504 |
| VISA DPS | |||||
| PO BOX 742233 | LOS ANGELES | CA | 90074 | PLASTIC CARD DATA PROC SERV | $934,321 |
| FISERV SOLUTIONS INC | |||||
| 75 REMITTANCE DRIVE STE 6945 | CHICAGO | IL | 60675 | SOFTWARE MAINTCONSULTING | $463,583 |
| ALLCARE JANITORIAL SERVICE INC | |||||
| PO BOX 785 | BELFAIR | WA | 98528 | JANITORIAL SERVICE | $432,291 |
| DIEBOLD INC | |||||
| PO BOX 643543 | PITTSBURGH | PA | 15264 | ATM AND ALARM EQUIP MAINT | $304,950 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 18 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INTEREST ON LOANS | 522130 | $29,523,746 | $29,523,746 | |
| FEE INCOME | 522130 | $5,471,216 | $5,471,216 | |
| OTHER INCOME | 522130 | $2,857,511 | $1,943,741 | $726,909 |
| DEBIT CARD INTERCHANGE | 522130 | $4,383,469 | $4,383,469 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $42,235,942 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,617,787 | TotalRevenueColumnAmt |
| Exclusion | $2,617,787 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $23,326,848 | SecuritiesAmt |
| Other | $5,282,413 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $23,255,317 | SecuritiesAmt |
| Other | $5,299,861 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $71,531 | SecuritiesAmt |
| Other | -$17,448 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $54,083 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$17,448 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $54,083 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $44,907,812 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $41,304,724 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $726,909 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,671,870 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,196,926 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,847,567 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $457,024 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,527,569 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,251,432 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,574 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $136,611 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,930 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,086,771 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,126,506 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,732,347 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,661,561 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,971,325 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $123,616 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,446,697 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $840,721 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $294,759 | TotalAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| TOTAL PROVISION | $2,285,828 |
| LOAN EXPENSES | $1,335,938 |
| MISCELLANEOUS | $2,262,664 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,715,366 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,656,164 | BOYAmt |
| EOY | $20,884,538 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,529,262 | BOYAmt |
| EOY | $17,168,007 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $608,949,170 | BOYAmt |
| EOY | $611,255,666 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,907,094 | BOYAmt |
| EOY | $3,041,836 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $55,843,007 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $17,481,205 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,714,312 | BOYAmt |
| EOY | $38,361,802 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $267,821,905 | BOYAmt |
| EOY | $264,455,031 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $872,000 | BOYAmt |
| EOY | $750,034 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,326,723 | BOYAmt |
| EOY | $5,120,036 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $962,776,630 | BOYAmt |
| EOY | $961,036,950 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,323,573 | BOYAmt |
| EOY | $6,597,014 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,013 | BOYAmt |
| EOY | $112,073 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $847,220,907 | BOYAmt |
| EOY | $872,184,350 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $878,606,493 | BOYAmt |
| EOY | $878,893,437 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,170,137 | BOYAmt |
| EOY | $82,143,513 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,170,137 | BOYAmt |
| EOY | $82,143,513 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $962,776,630 | BOYAmt |
| EOY | $961,036,950 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $2,192,446 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$4,219,070 | NetUnrlzdGainsLossesInvstAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
| Audit Committee | false | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | false | FederalGrantAuditPerformedInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $7,124,805 | InvestmentCostOrOtherBasisAmt |
| Book Value | $7,124,805 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $31,417,199 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $5,323,840 | DepreciationAmt |
| Book Value | $26,093,359 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $4,969,641 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $4,705,509 | DepreciationAmt |
| Book Value | $264,132 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $12,248,849 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $7,432,325 | DepreciationAmt |
| Book Value | $4,816,524 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $82,513 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $19,531 | DepreciationAmt |
| Book Value | $62,982 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $38,361,802 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| NCUA SHARE INSURANCE DEPOSIT | $8,603,266 | F |
| FHLB STOCK | $2,466,600 | |
| OVERNIGHT INVESTMENTS | $17,316,504 | |
| OTHER INVESTMENTS | $236,068,661 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $264,455,031 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (7 entries)
| DescDesc | AmtAmt |
|---|---|
| SHARES | $300,720,237 |
| CHECKING | $183,316,509 |
| MONEY MARKET | $172,479,165 |
| ESCROW SHARES | $632,493 |
| IRA SHARES | $26,606,757 |
| SHARE CERTIFICATES | $164,689,882 |
| IRA SHARE CERTIFICATES | $23,739,307 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $872,184,350 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART XII LINE 2B | FormAndLineReferenceDesc |
| Explanation | FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT CPA FOR THE PERIOD OF OCTOBER 2012 THROUGH SEPTEMBER 2013. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
| Rebuttable Presumption Proc | false | RebuttablePresumptionProcInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt |
|---|---|---|---|---|---|---|
| ELLIOT GREGG | ||||||
| $418,385 | $5,661 | $1,844,846 | $10,780 | $10,179 | $2,289,850 | $610,755 |
| KELLIE LETEXIER | ||||||
| $211,749 | $582 | $8,368 | $10,617 | $231,316 | $215,068 | |
| SCOTT HENDERSON | ||||||
| $205,381 | $8,725 | $8,385 | $10,179 | $232,670 | $249,298 | |
| COLIN MORRISON | ||||||
| $175,224 | $2,515 | $7,009 | $10,179 | $194,926 | $183,606 | |
| ANTHONY BULLERI | ||||||
| $143,942 | $503 | $468 | $5,156 | $150,070 | ||
| CAROLYN YOUNG | ||||||
| $126,980 | $1,491 | $5,079 | $9,055 | $142,606 | $137,161 | |
| JON SCHULTZ | ||||||
| $124,589 | $1,578 | $4,957 | $9,055 | $140,179 | $128,533 | |
| DONNA RANSIER | ||||||
| $115,490 | $302 | $4,620 | $6,187 | $126,599 | $124,263 | |
| JEANETTE HUGHES | ||||||
| $114,787 | $459 | $4,591 | $6,744 | $126,580 | $123,834 | |
| GEORGE HALL | ||||||
| $108,983 | $1,238 | $4,359 | $4,496 | $119,076 | $166,641 | |
| MELINDA ANTHONY | ||||||
| $104,211 | $404 | $4,168 | $10,179 | $118,961 | $113,027 | |
| RANDY MITCHELL | ||||||
| $103,744 | $1,097 | $4,303 | $9,055 | $118,199 | ||
| LAURA HOLLOWAY | ||||||
| $103,455 | $382 | $4,138 | $9,494 | $117,469 | ||
| LEAH OLSON | ||||||
| $100,181 | $249 | $4,007 | $9,055 | $113,492 | ||
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART VI SECTION A LINE 6 | KITSAP CREDIT UNION HAD 93412 MEMBERS AS OF DECEMBER 31 2013. |
| PART VI SECTION A LINE 7A | MEMBERS ELECT ALL DIRECTORS FOR A 3-YEAR TERM. THEY CAN RUN FOR RE-ELECTION. BALLOTS ARE MAILED TO ALL MEMBERS DURING THE 1ST QUARTER EACH YEAR. |
| PART VI SECTION A LINE 8A | KCU RECORDS MEETING MINUTES FOR ALL COMMITTEE MEETINGS. |
| PART VI SECTION B 11B | THE ACCOUNTING MANAGER ACCOUNTING LEAD AND SVPCFO REVIEW THE RETURN FOR ACCURACY. |
| PART VI SECTION B LINE 12C | THE CODE OF CONDUCTCONFLICT INTEREST POLICY IS REQUIRED TO BE REVIEWED AND SIGNED (WITH OR WITHOUT DISCLOSURES) OR ACKNOWLEDGED (BY ELECTRONIC SIGNATURE) UPON HIRE FOR NEW EMPLOYEES AND ANNUALLY THEREAFTER FOR ALL STAFF OFFICIALS AND DIRECTORS. ACKNOWLEDGEMENTS RECEIVED FROM INDIVIDUALS WHO DISCLOSE A POTENTIAL CONFLICT ARE FORWARDED TO THE CEO OR CFO FOR REVIEW AND APPROVAL. |
| PART VI SECTION B LINE 15ALINE 15B | KITSAP CREDIT UNION USES AN OUTSIDE COMPENSATION CONSULTANT (ONE FOR STAFF AND ANOTHER FOR EXECUTIVE COMPENSATION) TO DETERMINE MARKET RANGES FOR PAY FOR ALL POSITIONS. THE HUMAN RESOURCES DEPT. WORKS WITH THE CONSULTANTS TO ENSURE PAY RANGES ARE COMPETITIVE AND WITHIN THE MARKET. ACTUAL INDIVIDUAL PAY FOR THE CEO IS DETERMINED BY THE BOARD OF DIRECTORS. PAY FOR OFFICERS IS DETERMINED BY THE CEO. |
| PART VI SECTION C LINE 19 | KITSAP CREDIT UNION MAKES THE MONTHLY FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY POSTING THEM IN EACH BRANCH. GOVERNING DOCUMENTS SUCH AS ARTICLES OF INCORPORATION ARE AVAILABLE UPON REQUEST. CONFLICT OF INTEREST POLICIES ARE NOT MADE PUBLIC. |
| PART XII LINE 2A2C | KCU HAS A SUPERVISORY COMMITTEE THAT OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS. THIS COMMITTEE ALSO SELECTS THE AUDITING FIRM. THE FINANCIAL STATEMENTS WERE AUDITED BY MOSS ADAMS WITH THE AUDIT TERM OF OCTOBER 2012 TO SEPTEMBER 2013. |
| PART IX LINE 5 | COMPENSATION FOR CURRENT OFFICERS DIRECTORS TRUSTEES AND KEY EMPLOYEES EXCLUDES CEO SERP OF 1789399 PAID OUT IN 2013 BECAUSE THE TOTAL AMOUNT WAS ACCRUED FOR OVER A NINE YEAR PERIOD FROM 2004-2013. |