2013-08-19T08:49:40-00:00 2012-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2012-01-01 916049071 SOLARITY CREDIT UNION SOLA 5092481720 PO BOX 2922 YAKIMA WA 98907 MINA WORTHINGTON 2013-08-19 true DOUGLAS ORTH 3052328272 2013-08-19 2012 2016-02-24 21:20:13Z MINA WORTHINGTON PO BOX 2922 YAKIMA WA 98907 26239842 false 1269 X WWW.SOLARITYCU.ORG X CREDIT UNION 1951 WA PROVIDE FINANCIAL SERVICE TO MEMBERS, INCLUDING BUT NOT LIMITED TO PROVIDING REAL ESTATE AND OTHER SECURED AND UNSECURED CONSUMER LOANS, CHECKING AND SAVINGS PROGRAMS, AND CREDIT CARD SERVICES. 12 12 189 18 80912 25077 0 11440680 24347866 1178910 1479034 5371701 412942 17991291 26239842 0 0 4545877 7818140 0 0 7870306 10910671 12416183 18728811 5575108 7511031 477862891 495661880 419161509 429154363 58701382 66507517 PROVIDE FINANCIAL SERVICE TO MEMBERS, INCLUDING BUT NOT LIMITED TO PROVIDING REAL ESTATE AND OTHER SECURED AND UNSECURED CONSUMER LOANS, CHECKING AND SAVINGS PROGRAMS, AND CREDIT CARD SERVICES. false false PROVIDE FINANCIAL SERVICES TO 49,100 MEMBERS. THESE SERVICES INCLUDE BUT ARE NOT LIMITED TO PROVIDING REAL ESTATE AND OTHER SECURED AND UNSECURED CONSUMER LOANS, CHECKING AND SAVINGS PROGRAMS AND CREDIT CARD SERVICES. false false false false false false false false true true false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false true 9119 0 true 189 true true true false false false false false X 12 12 false false false false true true false true true false false true true true true true true true true false X MINA WORTHINGTON 5092481720 401 TIETON DRIVE YAKIMA WA 98902 JIM HURLEY 001.00 001.00 X 0 0 0 JERRY KOBES 001.00 001.00 X 0 0 0 TERRY MORGAN 001.00 001.00 X 0 0 0 CRAIG BAIRD 001.00 001.00 X 0 0 0 MICHAEL MEYER 001.00 001.00 X 0 0 0 VERA FRANK 001.00 001.00 X 0 0 0 PEGGY DAVENPORT 001.00 001.00 X 0 0 0 MARK CHMELEWSKI 001.00 001.00 X 0 0 0 GARY KISSLING 001.00 001.00 X 0 0 0 MARK KRANZ 001.00 001.00 X 0 0 0 JOANN MILLER-ROSE 001.00 001.00 X 0 0 0 DOUG NICHOLSON 001.00 001.00 X 0 0 0 MINA WORTHINGTON 040.00 040.00 X 369998 0 39784 MATTHEW KENISON 040.00 040.00 X 164880 0 22135 PAUL REGIMBAL 040.00 040.00 X 302890 0 23823 MICHAEL YAHIRO 040.00 040.00 X 173955 0 27512 RALPH CUMBEE 040.00 040.00 X 145892 0 14520 HILLARY ROY 040.00 040.00 X 142603 0 15131 LORI BEADOR 040.00 040.00 X 138279 0 23361 KIM MONFORT 040.00 040.00 X 132606 0 13819 PAULA SLAYE 040.00 040.00 X 124251 0 7076 1695354 187161 10 false true false JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 HDW/SFTW PRODUCTS MAINTENANCE 718978 DIEBOLD INC PO BOX 643543 PITTSBURG PA 152643543 ATM/HDW/SFTW PRODUCTS MAINTENANCE 260588 INFOIMAGE 141 JEFFERSON DRIVE MENLO PARK CA 94025 STATEMENT PROCESSING 331504 PRIME VALUATION PO BOX 202857 DALLAS TX 753202857 MORTGAGE APPRAISAL SERVICES 197685 AMERICAN REPORTING CO 1909 214TH STREET STE 102 BOTHELL WA 98021 MORTGAGE APPRAISAL SERVICES 145335 7 INCOME ON LOANS 522100 16959967 16959967 FEE/OTHER INCOME 522100 7306987 7306987 UNRELATED BUSINESS INCOME 522200 80912 80912 24347866 1479034 1479034 191548 191548 191548 191548 NET GAINS ASSOCIATED WITH MERGER 522100 221394 221394 221394 26239842 26158930 80912 0 0 0 0 1443123 1443123 0 4570762 4570762 311077 311077 915724 915724 577454 577454 51516 51516 17350 17350 53604 53604 0 0 789942 789942 469735 469735 1553625 1553625 46228 46228 0 335903 335903 102859 102859 0 15388 15388 1745474 1745474 90992 90992 1104595 1104595 122684 122684 SEE ATTACHED SCHEDULE 4410776 4410776 0 18728811 18728811 5357624 4493690 33301795 17962514 5090942 2702704 286733524 302582217 994541 1685443 28191337 9373827 18829217 18817510 51733648 93623654 68607218 47484181 974715 860199 6239667 5449768 477862891 495661880 6047542 10063807 793659 1027365 389235 5000000 411931073 413063191 419161509 429154363 X 58701382 66507517 58701382 66507517 477862891 495661880 7511031 295104 X false true X true false false 3009812 3009812 16664436 2850184 13814252 354845 229840 125005 8162244 6293803 1868441 18817510 Financial derivatives and other financial products Closely-held equity interests CORPORATE CREDIT UNION ACCOUNTS C CERTIFICATES OF DEPOSITS 45266439 C CCFCU CASH MANAGEMENT ACCOUNT 832416 C WESCORP DAILY ACCOUNT 606761 C FHLB DDA TRANSACTION ACCOUNT 10665 C FHLB STOCK 767900 C BANKS , SL CERTIFICATES C 47484181 Federal income taxes SHARE DRAFTS 59274899 SHARES AND EQUIVALENTS 151549356 MONEY MARKET 62235374 IRA SHARES 27548637 CERTIFICATES 107331009 BUSINESS CHECKING 5123916 413063191 X 26239842 26239842 26239842 18728811 18728811 18728811 X 2 THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE LAWS. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE MORE LIKELY THAN NOT STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN THE INTERNAL REVENUE CODE IRC SECTION 501c14. AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON UNRELATED BUSINESS INCOME UBI DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE IRS RELEASED TECHNICAL ADVICE MEMORANDUMS TAMs TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX UBIT. UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNIONS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2011, 2010, AND 2009 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. X true true X X X X X false true false MINA WORTHINGTON 310095 27636 32267 33253 6531 409782 PAUL REGIMBAL 84268 203000 15622 20772 3051 326713 MICHAEL YAHIRO 152145 10000 11810 20302 7210 201467 MATTHEW KENISON 83761 58000 23119 17065 5070 187015 RALPH CUMBEE 129853 10000 6039 8032 6488 160412 HILLARY ROY 25575 116821 207 9264 5867 157734 LORI BEADOR 99730 12015 26534 17109 6252 161640 I 1A 90 TOTAL REIMBURSED TO ONE EMPLOYEE ON SCHEDULE J FOR HEALTH CLUB MEMBERSHIP PER WELLNESS PROCEDURE. THE BENEFIT IS AVAILABLE TO ALL STAFF AT 15 PER MONTH. I 4B EMPLOYER CONTRIBUTIONS TO 457B PLANS PER BENEFITS POLICY MINA WORTHINGTON 16,999.92, MICHAEL YAHIRO 9,600.00, MATTHEW KENISON 7,200.00, PAUL REGIMBAL 2,400.00, RALPH CUMBEE 4,800.00, LORI BEADOR 8,800.00 Form 990 Part VI Section A Line 6 THE CREDIT UNION HAS MEMBERS. Form 990 Part VI Section A Line 7A MEMBERS VOTE ON BOARD AND COMMITTEE MEMBERS. Form 990 Part VI Section B Line 12C THE SUPERVISORY COMMITTEE REGULARLY REVIEWS AND ENFORCES THE ORGANIZATIONS CONFLICT OF INTEREST POLICY. Form 990 Part VI Section B Line 15 THE BOARD OF DIRECTORS INDEPENDENTLY DETERMINES COMPENSATION FOR THE CEO AND TOP MANAGEMENT OFFICIALS. Form 990 Part VI Section C Line 19 GOVERNING DOCUMENTS AND POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE INCLUDED AS PART OF THE ANNUAL REPORT AND ARE MADE AVAILABLE TO CURRENT AND POTENTIAL MEMBERS. Form 990 Part VI Section B Line 11b THE CFO IS RESPONSIBLE FOR THE FORM 990. THE CFO AND CONTROLLER REVIEW AND APPROVE FOR SUBMISSION. THE FINAL SUBMITTED VERSION IS FORWARDED TO THE BOARD OF DIRECTORS FOR REVIEW.