2013-11-14T14:50:32-07:00 2012-12-31 990 2012-01-01 910219435 CREDIT UNIONS IN THE STATE OF WASHINGTON CRED 2064395700 PO Box 97050 Seattle WA 98124 Shawn Mulqueeney 2064395068 2013-11-14 2012 2016-02-25 16:41:14Z Boeing Employees' Credit Union Katherine Elser 12770 Gateway Dr Tukwila WA 98168 546942352 0 X www.becu.org X 1935 WA BECU is a cooperative society organized under Washington law as a nonprofit corporation for the purposes of promoting thrift among its members and creating a source of credit for them at fair and reasonable rates of interest. BECU is dedicated to the philosophy of "people helping people" and will strive to serve its members by providing superior financial products and services. 11 11 1349 11 1273823 670793 0 0 471529967 516261333 32382593 30203713 126813 119015 504039373 546584061 2186970 1684849 0 0 80392380 92762235 0 0 0 307300060 310793611 389879410 405240695 114159963 141343366 9950213245 11094203476 9161002368 10175253253 789210877 918950223 BECU is a cooperative society organized under Washington law as a nonprofit corporation for the purposes of promoting thrift among its members and creating a source of credit for them at fair and reasonable rates of interest. BECU is dedicated to the philosophy of "people helping people" and will strive to serve its members by providing superior financial products and services. 0 0 405240695 0 546584061 Total 800,736 members, 98,693 new members for 2012; 99,633 loans originated in 2012 totaling $4,662,389,000 0 0 0 405240695 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 1 211 0 1 1349 1 1 1 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 0 X Katherine Elser 2064395700 12770 Gateway Drive Tukwila WA 98168 Desiree Serr 7.00 0 X 0 0 0 Michael Sweeney 6.50 0 X 0 0 0 Brian Abeel 6.00 0 X 0 0 0 Steve Brilling 6.50 0 X 0 0 0 Michelle Eten 6.50 0 X 0 0 0 Porsche Everson 6.00 0 X 0 0 0 Denis Farmer 6.00 0 X 0 0 0 Robin Krueger 6.00 0 X 0 0 0 Roger Mauldin 6.00 0 X 0 0 0 Jim Wadhwani 6.00 0 X 0 0 0 David Yonce 6.50 0 X 0 0 0 Parker Cann 40 0 X X 545755 0 22072 Katherine Elser 40 0 X X 440147 0 20736 John Porter 40 0 X 1370986 0 7110 Butch Leonardson 40 0 X 562226 0 21279 Michael Strand 40 0 X 488897 0 17225 Tom Berquist 40 0 X 414167 0 22645 Grace Semingsen 40 0 X 398372 0 23859 Anne Shannon 40 0 X 384691 0 23222 Michael Quamma 40 0 X 287177 0 20952 Jesse Douglas 40 0 X 262473 0 15845 Carolyn Cereghino 40 0 X 259628 0 19588 Stephen Black 40 0 X 250277 0 19922 Gregg Kats 40 0 X 238232 0 18335 Kyle Welsh 40 0 X 237049 0 19086 Anastasia Wyss-Schoenborn 40 0 X 236212 0 20974 Melanie Walsh 40 0 X 229613 0 20173 Susan Kydd 40 0 X 229559 0 16856 Shawn Mulqueeney 40 0 X 216905 0 21317 Howard Wu 40 0 X 208609 0 22152 Carol Friend 40 0 X 208041 0 15107 Angela Ursino 40 0 X 196618 0 20071 Robert Stroup 40 0 X 189467 0 17054 William Taylor 40 0 X 228924 0 22970 Brian Locke 40 0 X 182688 0 15277 Stacy Hyle 40 0 X 173626 0 17120 Todd Crawford 40 0 X 171803 0 13729 Kerry Thurman 40 0 X 167875 0 16135 Gary Oakland 40 0 X 4681623 0 14981 Aaron Bresko 40 0 X 106617 0 1995 Katherine Dykes 40 0 X 102103 0 6736 13670360 0 534523 163 1 1 0 DNA Brand Mechanics 1932 1st Avenue Suite 711 Seattle WA 98101 Branding & Advertising 4618724 Prime Valuation Services LLC 8009 34th Ave S Bloomington MN 55425 Residential Property Evaluations 916307 First American Data Tree PO Box 731211 Dallas TX 753731211 Property AVMs and BRP review 841769 K&L Gates LLP 925 Fourth Avenue Suite 2900 Seattle WA 98104 Legal services 801147 Slalom LLC 821 2nd Ave Suite 1900 Seattle WA 98104 Consulting 770318 25 0 Loan Interest Income 522130 336331377 336331377 0 0 Fee Income 522130 113966037 112988169 977868 0 Broker Income 523000 4079963 4079963 0 0 Credit Life Insurance & AD&D Insurance 524298 1515660 1515660 0 0 60368296 60226907 141389 0 516261333 30203713 0 0 30203713 0 0 0 0 0 0 0 0 207500 67524 243051 115240 -35551 -47716 -83267 -35551 -47716 0 0 0 CUSO Investments K-1's 900003 202282 0 202282 0 0 0 0 0 202282 546584061 515106525 1273823 30203713 1684849 0 0 0 14848766 0 58362164 7536399 5995431 6019475 0 838221 1025327 0 0 0 4286344 12681227 11366022 15517037 0 8886928 998104 0 1091368 60982501 0 13683707 481920 Provision for Loan Loss 90855041 Product Cost & Servicing 60812712 TCCUSF Assessment 8817133 18470019 405240695 0 0 0 110009670 174777542 688847332 586602737 6763446319 7002225150 9981871 8797025 213623840 158123306 57835089 55500534 2096393157 3013715994 29864347 27048758 0 0 193835460 225535736 9950213245 11094203476 89715785 112592453 9071286583 10062660800 9161002368 10175253253 X 0 0 0 0 789210877 918950223 789210877 918950223 9950213245 11094203476 X 141343366 466314 0 0 0 -12070334 X 0 1 X 1 0 33850 0 33850 0 33850 1 Annette Clevland for State Senate 1111 Main St Suite 400 Vancouver WA 98660 454514627 250 0 Bob Hasegawa for State Senate PO Box 84331 Seattle WA 98124 454697269 500 0 Citizens for Christopher Hurst 62504 Indian Summer Way Enumclaw WA 98022 010841227 900 0 Citizens for Jim McIntire PO Box 21941 Seattle WA 98111 260820856 750 0 Citizens for Steve Bergquist PO Box 2050 Renton WA 98056 454489263 450 0 Citizens for Steve Litzow 7683 SE 27th St Suite 431 Mercer Island WA 98040 262303979 400 0 Citizens for Vincent Buys PO Box 25 Lynden WA 98264 271476576 400 0 Citizens to Re-Elect Lt Governor Brad Owen PO Box 1426 Shelton WA 98584 760843646 750 0 Committee to Elect Bruce Dammeier PO Box 398 Puyallup WA 98374 912141093 900 0 Committee to Elect Jake Fey PO Box 1372 Tacoma WA 98401 861121642 450 0 Committee to elect Jeff Holy PO Box 40285 Spokane WA 99220 455122546 350 0 Committee to Elect Jim Hargrove 556 Ocean Beach Rd Hoquiam WA 98550 911520698 400 0 Committee to Elect Joel Kretz 1014 Toroda Creek Rd Wauconda WA 98859 721573462 650 0 Committee to Elect Sharon Wylie 1111 Main St Suite 400 Vancouver WA 98660 451965188 400 0 Committee to Re-Elect Brian Blake PO Box 1541 Longview WA 98632 870699800 400 0 Committee to Re-Elect Don Benton PO Box 5076 Vancouver WA 98668 510645142 1800 0 Committee to Re-Elect Gary Alexander PO Box 48 Olympia WA 98507 510575921 500 0 Committee to Re-Elect Katrina Asay PO Box 766 Milton WA 98354 272777880 400 0 Committee to Re-Elect Margaret Haugen 1268 N Olsen Rd Camano Island WA 98292 912085148 1400 0 Committee to Re-Elect Rosemay McAuliffe 22833 Bothell Everett Hwy 102 PMB 1152 Bothell WA 98021 911551416 900 0 Darneille 2012 PO Box 7753 Tacoma WA 98417 680501492 1050 0 Elect Mark Mullett 2525 NE Park Dr Suite A Issaquah WA 98029 454091046 500 0 Freeman for State Representative 1116 SW 318th Pl Federal Way WA 98023 113815983 350 0 Friends for Ann Rivers PO Box 957 La Center WA 98629 271512372 400 0 Friends for Cindy Ryu PO Box 33548 Seattle WA 98133 202771557 400 0 Friends of Andy Billig PO Box 145 Spokane WA 99210 271227517 350 0 Friends of Cary Condotta PO Box 40600 Olympia WA 98504 710896890 900 0 Friends of Cyrus 929 109th AVE NE Bellevue WA 98004 900791775 250 0 Friends of David Sawyer 1002 S 94th ST Tacoma WA 98444 453660584 1000 0 Friends of Derek Stanford PO Box 2041 Bothell WA 98041 272317624 400 0 Friends of Gael PO Box 9100 Seattle WA 98109 371666948 650 0 Friends of Hans Dunshee 1526 Lake View AVE Snohomish WA 98290 911729071 450 0 Friends of Roger Goodman 218 Main ST PMB 763 Kirkland WA 98033 830458254 350 0 Friends of Ross Hunter PO Box 4204 Bellevue WA 98009 043645222 900 0 Friends of Shelly Schlumpf PO Box 73074 Puyallup WA 98373 455120832 450 0 Friends of Sylvester Cann PO Box 33090 Seattle WA 98133 383863276 350 0 Friends of Tina Orwall 17837 1st AVE S Normandy Park WA 98148 453602805 500 0 Friends to Elect Eric Pettigrew PO Box 28660 Seattle WA 98118 534801080 500 0 Friends to Elect Julie 14300 NE 20th AVE D102-272 Vancouver WA 98686 272531536 350 0 Friends to Elect Randi Becker 44106 14th AVE E Eatonville WA 98328 770708976 300 0 Friends to Re-Elect Mike Hewitt 177 Electric AVE Walla Walla WA 98362 331084713 900 0 House Democratic Campaign Committee 9445 37th AVE SW Seattle WA 98126 916178946 900 0 House Republican Organizational Committee PO Box 7222 Olympia WA 98507 916177625 900 0 Kirk Pearson for State Senate 105 Pearson Lane Monroe WA 98272 912068453 500 0 People for Brian Hatfield 226 Fir ST Raymond WA 98577 431966915 400 0 People for Christine Rolfes 19689 7th AVE NE PMB 118 Poulsbo WA 98370 320172015 300 0 People for Jessyn PO Box 20792 Seattle WA 98102 454799110 350 0 People for Pedersen 815 First AVE Suite 111 Seattle WA 98104 203979617 400 0 People for Zach Hudgins 13725 56th S Tukwila WA 98138 810555017 500 0 People to Elect Stephanie Bowman PO Box 84415 Seattle WA 98124 000000000 750 0 Re-Elect Linda Parlette PO Box 1251 Wenatchee WA 98801 911715910 500 0 Re-Elect Pat Sullivan Campaign 26513 168th PL SE Covington WA 98042 043679431 650 0 Senate Committee for Mark Schoesler 1588 E Rosenoff RD Ritzville WA 99169 043779321 500 0 Senate Democratic Campaign Committee 123 36th NW ST Seattle WA 98107 000000000 900 0 Senate Republican Campaign Committee PO Box 11025 Olympia WA 98508 910987396 900 0 Steve Kirby Campaign 9415 Tacoma AVE S Tacoma WA 98444 711000906 900 0 Von Reichbauer Campaign Committee PO Box 3737 Federal Way WA 98063 000000000 250 0 SchC_P1A_S00_L01 Schedule C, Part I-A, Line 1 During 2012, BECU contributed primarily to the election campaigns of various individuals running for Washington State elected positions. 0 9277392 9277392 0 46278230 25976870 20301360 0 21931656 15350892 6580764 0 132988743 115999559 16989184 0 3147819 795985 2351834 55500534 Shares & Deposits 10062660800 10062660800 X SchD_P10_S00_L02 Schedule D, 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 Union's unrelated business income and subsidiaries are subject to federal income taxes. There were no significant income taxes for the years ended December 31, 2012 and 2011. 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, 2012 and 2011. 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 exempt organization and unrelated business income tax returns with the federal jurisdiction. The Credit Union is no longer subject to United States federal income tax examination by tax authorities for the year ended on or before December 31, 2009. 1 Express Credit Union PO Box 94286 Seattle WA 98124 910573334 501 C 14 178500 0 Financial Support TULIP CO-OP CREDIT UNION PO Box 1243 Olympia WA 985071243 421607163 501 C 14 10000 0 Financial Support American Red Cross 2530 Lombard Ave Everett WA 98201 910581658 501 C 3 7800 0 Employee Gift Match ANTIOCH UNIVERSITY 2326 Sixth Avenue Seattle WA 98121 310536640 501 C 3 11100 0 Donation/Employee Gift Match ARTS FUND 10 HARRISON STREET Suite 200 Seattle WA 98107 910839644 501 C 3 8000 0 Gift Match/Donation BECU Foundation 12770 Gateway Drive Tukwila WA 98168 911703337 501 C 3 49935 27489 Actual Cost Donation of consulting services Cash contributions are in support of BECU Foundation scholarships and non-cash consulting services donated provide administrative operations for the BECU Foundation BOYS AND GIRLS CLUB OF SNOHOMISH COUNTY 4322 RUCKER Everett WA 98203 910549511 501 C 3 6000 0 Sponsorship CATHOLIC HOUSING SERVICES 100 23RD AVENUE SOUTH Seattle WA 981442302 911585652 501 C 3 20000 0 Housing Grant COMMUNITY SCHOOLS COLLABORATION 137 SW 154th Street Burien WA 98166 200139255 501 C 3 10000 0 Financial Support/Donation EXPRESS ADVANTAGE 1741 4th Ave South Suite A Seattle WA 98134 611575044 501 C 3 11500 0 Employee Gift Match FOUNDATION FOR PRIVATE ENTERPRISE EDU 33305 1st Way S Ste B212 Federal Way WA 98003 911048245 501 C 3 11000 0 Donation Habitat for Humanity PO Box 88337 Tukwila WA 98138 911342397 501 C 3 82949 0 Donation/Employee Gift Match HOMESIGHT 5117 Rainier Ave S Seattle WA 98118 943117253 501 C 3 50000 0 Donation HOUSING HOPE 5830 EVERGREEN WAY Everett WA 982033748 943060709 501 C 3 36700 0 Gift match/sponsorship/donation IMAGINE HOUSING 10604 NE 38TH PLACE SUITE 25 Kirkland WA 98033 943110312 501 C 3 20000 0 Housing Grant IMPACT CAPITAL 401 2nd Ave S Ste 301 Seattle WA 98104 943196958 501 C 3 50500 0 Community Development - Housing Initiatives Junior Achievement 1700 Westlake Ave N Suite 400 Seattle WA 98109 910604913 501 C 3 140622 0 Sponsorship/Employee Gift Match Lifelong AIDS Alliance 1002 E Seneca St Seattle WA 98122 911215715 501 C 3 32931 0 Employee Gift Match Museum of Flight 9404 E MARGINAL WAY S Seattle WA 98108 910785826 501 C 3 10000 0 Donation National Credit Union Foundation 5710 Mineral Point Road Madison WI 53705 391383650 501 C 3 39180 0 ASC958 PV of CLUT Callahan Legacy Fund - Financial Education Northwest Credit Union Foundation 33301 9th Ave S Suite 200 Federal Way WA 98003 910460483 501 C 3 200000 0 Donation PARKVIEW SERVICES 18551 AURORA AVE N SUITE 200 Shoreline WA 98133 910828809 501 C 3 20050 0 Housing Grant PLYMOUTH HOUSING GROUP 2113 3rd Ave Seattle WA 98121 911122621 501 C 3 8500 0 Donation/Employee Gift Match SEATTLE CENTERAL COMMUNITY COLLEGE FOUND 1701 BROADWAY BE4180 Seattle WA 98122 911037870 501 C 3 6005 0 Sponsorship/gift match SEATTLE PARKS AND RECREATION 8061 DENSMORE AVE N Seattle WA 98103 510170717 501 C 3 6000 0 Donation Seattle University 901 12th Ave Seattle WA 98122 910565006 501 C 3 50100 0 Sponsorship/Employee Gift Match Seattle's Union Gospel Mission PO Box 202 Seattle WA 981110202 910595029 501 C 3 8439 0 Employee Gift Match SENIOR SERVICES OF SNOHOMISH COUNTY 8225 AVE W SUITE O Mukilteo WA 982752811 910910680 501 C 3 20000 0 Housing Grant Susan G Komen Breast Cancer Foundation 205 N Michigan Av Suite 2630 Chicago IL 606015927 751835298 501 C 3 10325 0 Employee Gift Match United Way 720 Second Ave Seattle WA 98104 910565555 501 C 3 5350 0 Employee Gift Match WASHINGTON DECA 200 West Mercer Street Suite 207 Seattle WA 98119 911308496 501 C 3 10575 0 Mentor program Worldwide Foundation for Credit Unions 5710 Mineral Point Road Madison WI 537054493 396093210 501 C 3 10000 0 Donation National Association of State Credit Union Supervisors 1655 N Fort Meyer Dr Suite 650 Arlington VA 22209 541167527 501 C 6 49250 0 Donation 30 3 SchI_P01_S00_L02 Schedule I, Part I, Line 2 BECU generally asks each of our non-profit grant or donation recipients to provide a brief report. Periodically, BECU will conduct on site visits of grant recipients as well. BECU's gift matching guidelines require the donee organization to provide proof of receipt of funds and their federal tax identification number. X X X 1 1 X X X X 0 1 0 Parker Cann 306173 0 233642 0 5940 0 9280 0 12792 0 567827 0 0 0 Katherine Elser 270035 0 168768 0 1344 0 8060 0 12676 0 460883 0 0 0 Butch Leonardson 270035 0 168768 0 123423 0 8223 0 13056 0 583505 0 0 0 Tom Berquist 253973 0 158838 0 1355 0 7681 0 14965 0 436812 0 0 0 Gary Oakland 434465 0 668650 0 3736246 0 11250 0 3731 0 4854342 0 0 0 Michael Strand 270035 0 217518 0 1344 0 3093 0 14132 0 506122 0 0 0 Grace Semingsen 243935 0 152573 0 1864 0 7471 0 16388 0 422231 0 0 0 Anne Shannon 238915 0 143903 0 1873 0 10258 0 12964 0 407913 0 0 0 Michael Quamma 209147 0 76997 0 1031 0 3508 0 17444 0 308127 0 0 0 Carolyn Cereghino 186992 0 71136 0 1500 0 6264 0 13324 0 279216 0 0 0 William Taylor 197991 0 28114 0 2819 0 6149 0 16821 0 251894 0 0 0 Jesse Douglas 183752 0 74741 0 3980 0 5737 0 10108 0 278318 0 0 0 Carol Friend 172371 0 34339 0 1331 0 5171 0 9936 0 223148 0 0 0 Stephen Black 180263 0 68579 0 1436 0 4356 0 15566 0 270200 0 0 0 Kyle Welsh 173601 0 62799 0 649 0 5858 0 13228 0 256135 0 0 0 Gregg Kats 172791 0 64503 0 938 0 4853 0 13482 0 256567 0 0 0 Anastasia Wyss-Schoenborn 170959 0 64234 0 1019 0 7046 0 13929 0 257187 0 0 0 Melanie Walsh 168442 0 60632 0 539 0 6862 0 13311 0 249786 0 0 0 Shawn Mulqueeney 168646 0 47670 0 588 0 5169 0 16148 0 238221 0 0 0 Susan Kydd 167442 0 59813 0 2305 0 5504 0 11352 0 246416 0 0 0 Howard Wu 152643 0 55479 0 488 0 4879 0 17273 0 230762 0 0 0 Robert Stroup 147535 0 40747 0 1184 0 4256 0 12797 0 206519 0 0 0 Stacy Hyle 145438 0 27683 0 504 0 4577 0 12543 0 190745 0 0 0 Kerry Thurman 140825 0 25118 0 1932 0 4650 0 11486 0 184011 0 0 0 John Porter 348077 0 1013533 0 9376 0 0 0 7110 0 1378096 0 0 0 Angela Ursino 160414 0 35645 0 560 0 5872 0 14199 0 216690 0 0 0 Aaron Bresko 17882 0 63099 0 25636 0 1303 0 692 0 108612 0 0 0 Katherine Dykes 62697 0 39197 0 209 0 3057 0 3679 0 108839 0 0 0 Brian Locke 85691 0 96680 0 318 0 4836 0 10441 0 197966 0 0 0 Todd Crawford 91729 0 79780 0 293 0 5135 0 8594 0 185531 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a In 2012, first-class airfare or travel for companions was paid in certain pre-approved circumstances for the CEO, SVP or Directors. In 2012, membership fees for Butch Leonardson and Michael Strand were paid to Rainier Golf & Country Club and membership fees were paid for Butch Leondardson to Columbia Tower Club. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 BECU's executive compensation process includes the following: Annual market analysis which benchmarks each executive position with similar positions in regional and national surveys. The data for the President/CEO position is to the Compensation Committee of the Board of Directors for adjustment and recommendation for approval from the Board of Directors. The data for the Senior Executive positions is provided to the President/CEO for any recommended adjustments. The President/CEO determines annual salary adjustments for each executive by considering responsibilities of each position, individual's experience, performance, career progress and development within the executive salary range. Market analysis is performed each Fall, last one completed November 2012. BECU's compensation program is administered by the Human Resources department and is audited by BECU's Audit Services department. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 The following individuals participated in a non-qualified supplemental retirement plan "SERP" in 2012: John Porter, Parker Cann, Butch Leonardson, Michael Strand, Katherine Elser, Tom Berquist, Grace Semingsen and Anne Shannon. In 2012, Gary Oakland received a distribution from the SERP. CO-OP Financial Services BECU CEO Gary Oakland/Benson Porter is Board Member 5163218 ATM Remote Services Fees 0 Trust For Credit Unions BECU CEO Gary Oakland is Board Member 379380 Investment Dividend Income 0 Trust for Credit Unions BECU CEO Gary Oakland is Board Member 10100000 Purchase of Mutual Fund Investment 0 Member Loyalty Group BECU Officer Grace Semingsen is Board Member 179990 Customer Loyalty Metric 0 Credit Union Student Choice BECU Officer Tom Berquist is Board Member 544762 Student loan origination, management, and servicing fees 0 NWCU Alliance BECU Officer Grace Semingsen is Board member 130222 ATM Network Interchange Income and Expense 0 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 BECU is a cooperative society organized under Washington law as a nonprofit corporation for the purposes of promoting thrift among its members and creating a source of credit for them at fair and reasonable rates of interest. Membership at BECU is limited to those persons listed in the Field of Membership Appendix to the Bylaws. At all meetings each member with one or more fully paid shares will have one vote subject to certain conditions. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a BECU is a cooperative society organized under Washington law as a nonprofit corporation for the purposes of promoting thrift among its members and creating a source of credit for them at fair and reasonable rates of interest. Membership at BECU is limited to those persons listed in the Field of Membership Appendix to the Bylaws. At all meetings each member with one or more fully paid shares will have one vote subject to certain conditions. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b CFO and Controller review Form 990 prior to filing. A copy of the final version of the Form 990 is distributed to each board member before it is filed for informational purposes. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The Board along with all employees affirms their adherence to BECU's conflict of interest requirements in writing on a yearly basis (called "Annual Code of Ethics Affirmation" form). For Executive Management and the Board, Audit Services monitors for ethics violations through anonymous hot lines and emails. We also monitor for unusual or "related party" transactions with our subsidiaries and our external auditors also test for these types of transactions as part of the annual audit of our financial statements. The Supervisory Committee issues a yearly "whistleblower" letter to all employees encouraging them to report any fraud or abuse by employees or Board Members. Also, along with the yearly re-affirmation of our Code of Ethics, there is a required ethics refresher course. The Code of Ethics policy outlines who and how conflicts are determined and requirements for disclosure and recusal if there is an actual or perceived conflict. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 BECU's executive compensation process includes the following: Annual market analysis which benchmarks each executive position with similar positions in national and regional surveys. The data for the President/CEO position is provided to the Compensation Committee of the Board of Directors for adjustment recommendation and approval to the Board of Directors. The data for the senior executive positions is provided to the President/CEO for any recommended adjustments. The President/CEO determines annual salary adjustments for each executive by considering responsibilities of the position, individual's experience, performance, career progress and development within the executive salary range. Market analysis is performed each year in the fall, last one was completed October 2012. BECU's compensation program is administered by the Human Resources Department and is audited by BECU's Audit Services Department. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 BECU's Bylaws, Corporate Governance Overview and financial reports are posted and available to the public on the becu.org website. F990_P11_S00_L09 Form 990, Part XI, Line 9 Other Comprehensive Income Pension & SERP -$10,178,148; Subsidiary stock transactions -$1,892,584 BECU Foundation 12770 Gateway Drive Tukwila WA 98168 911703337 Scholarships WA 501(c)(3) 9 PF N/A Prime Alliance Solutions Inc 770 York Ave S Suite 250 Edina MN 55435 912060737 Mortgage Lending Technologies WA Boeing Employees' Credit Union C 9562812 0 0.6 1 BECU Trust Company 12770 Gateway Drive Tukwila WA 98168 161653592 Trust Services WA Boeing Employees' Credit Union C 1649621 2195035 1 1 Charitable Lead Unitrust 12770 Gateway Drive Tukwila WA 98168 Charitable contributions to National Credit Union Foundation WA Boeing Employees' Credit Union T 1 1 1 0 1 0 0 0 0 0 1 0 1 1 1 1 0 1 0 1 Prime Alliance Solutions Inc m 601975 Actual amounts BECU Foundation b 77424 Actual amount Charitable Lead Unitrust r 1000000 Actual amount Prime Alliance Solutions Inc a-i 300700 Accrued interest based on promissory note amortization schedule Prime Alliance Solutions Inc s 10000000 Actual amount of promissory note principal balance paid BECU Trust Company a-iv 67228 Actual amount per contractual agreement BECU Trust Company q 583307 Total of actual amount of vendor payments processed Extension granted to 11/15/2013.