2013-10-11T15:46:21-05:00 2012-12-31 SHANNON & ASSOCIATES LLP 1851 CENTRAL PLACE SOUTH SUITE 225 KENT WA 980307507 990 2012-01-01 910403380 COMMUNITY 1ST CREDIT UNION COMM 2537225212 PO BOX 870 DUPONT WA 98327 CINDY MCKRILL 2537225212 2013-10-01 true ROGER JONES 2538528500 2013-10-11 2012 2016-02-25 16:41:14Z ROGER GIESEKE 955 ROSS LOOP SUITE 100 DUPONT WA 98327 6206228 false X WWW.MYC1CU.COM X 1934 WA TO BUILD RELATIONSHIPS BY DELIVERING VALUED BANKING SOLUTIONS. OUR GOAL IS TO BE RESPONSIVE TO MEMBER FINANCIAL NEEDS, PROMOTE THRIFT, PROVIDE A FULL RANGE OF SERVICES, MAINTAIN FINANCIAL STABILITY, AND MANAGE GROWTH WHILE OFFERING REWARDING CAREERS TO OUR EMPLOYEES. 9 9 58 11 66111 -4380 0 4578251 4246008 407842 1371402 12572 92749 4998665 5710159 0 0 2114654 2343154 0 0 2858350 2720498 4973004 5063652 25661 646507 117315007 113629156 100831369 96582587 16483638 17046569 X TO BUILD RELATIONSHIPS BY DELIVERING VALUED BANKING SOLUTIONS. OUR GOAL IS TO BE RESPONSIVE TO MEMBER FINANCIAL NEEDS, PROMOTE THRIFT, PROVIDE A FULL RANGE OF SERVICES, MAINTAIN FINANCIAL STABILITY, AND MANAGE GROWTH WHILE OFFERING REWARDING CAREERS TO OUR EMPLOYEES. false false MUTUAL, MEMBERSHIP BENEFIT PROGRAMS, GENERAL/OTHER: PROVIDED ITS 8,658 MEMBERS THE OPPORTUNITY FOR SAVINGS, DEPOSIT, LOANS, AND OTHER FINANCIAL SERVICES. GRANTED 1,264 LOANS TOTALING 19,831,988 TO ITS MEMBERS DURING 2012. false false false false false false false false false true false false true true false false 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 true 1874 0 58 true true true false false false false false X 9 9 false false false false true true false true true false true true true true true true false true true true false X X CINDY MCKRILL 2537225212 955 ROSS LOOP DUPONT WA 98327 STEVE BATES 5.00 X 0 0 0 DOROTHY HOLTE 8.00 X 0 0 0 JAMES REID 8.00 X 0 0 0 JAN PARENT 5.00 X 0 0 0 ELAINE TIERNEY 5.00 X 0 0 0 KEN TITUS 5.00 X 0 0 0 LARRY WILLIAMS 5.00 X 0 0 0 FRANK WORDEN 5.00 X 0 0 0 TERESA WILLIAMS 5.00 X 0 0 0 ROGER GIESEKE 50.00 X 286343 0 28634 CINDY MCKRILL 50.00 X 130369 0 13037 LISA ZVIRZDYS 50.00 X 96383 0 9638 513095 51309 2 false true false DATASAFE ACCOUNT PROCESSING 75 REMITTANCE DR STE 6962 CHICAGO IL 60675 FISERV 308383 NWFA-NWCUA PO BOX 24941 SEATTLE WA 98124 ASSOCIATION DUE 204131 DIEBOLD INC PO BOX 643543 PITTSBURGH PA 15264 ATM SERVICE 110406 3 INTEREST ON LOANS TO MEMBERS 522291 2860094 2860094 FEES & CHARGES 522100 1031856 1031856 DEBIT/CREDIT CARD & ATM 522210 287947 287947 NON MEMBER ATM FEES 525990 34222 34222 INSURANCE INCOME 524298 31889 31889 4246008 377441 377441 1490030 496069 993961 993961 993961 GAIN ON SALE OF MORTGAGE LOAN 900099 69771 69771 SAFE DEPOSIT BOX INCOME 900099 6310 6310 CHECK PRINTING INCOME 900099 6164 6164 10504 10504 92749 5710159 5173858 66111 470190 437514 1264462 129109 369811 142258 5310 27500 46675 269377 250531 197242 44353 17413 348039 71834 DIVIDENDS PAID TO MEMBERS 554702 PROVISION FOR LOAN LOSSES 290500 LOAN SERVICE & COLLECTION 183182 VISA FEES AND CHARGES 137429 276411 5063652 0 0 0 1627149 1518394 29064386 31205000 43966901 43131456 389115 395555 10358442 2109672 8730813 8248770 27629806 22590006 2000 2000 5904837 6537975 117315007 113629156 1823893 2185138 99007476 94397449 100831369 96582587 X 16483638 17046569 16483638 17046569 117315007 113629156 646507 -83576 X false false false 1977653 1977653 5579430 595872 4983558 308422 23200 285222 2492937 1490600 1002337 8248770 457 PLAN ASSETS 4635515 NCUSIF DEPOSIT 891259 LOANS HELD FOR SALE 731990 ACCRUED INTEREST RECEIVABLE 193186 ASSETS ACQUIRED IN LIQUIDATION 27027 MORTGAGE SERVICING ASSET RIGHTS 25465 OTHER RECEIVABLES 23479 OTHER ASSETS 10054 6537975 MEMBER SHARES AND DEPOSITS 94253376 ACCRUED EXPENSES 138185 TAXES PAYABLE 5888 94397449 X X false true false ROGER GIESEKE 286343 28634 314977 SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SCHEDULE J, PAGE 1, PART I, LINE 4 ROGER GIESEKE 0 28,634 0 OTHER ADDITIONAL INFORMATION SCHEDULE J, PART III OFFICERS PARTICIPATE IN 457 (B) AND 457 (F) PLANS BUT DID NOT RECEIVE PAYMENTS DURING 2012. ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION TO BUILD RELATIONSHIPS BY DELIVERING VALUED BANKING SOLUTIONS. OUR GOAL IS TO BE RESPONSIVE TO MEMBER FINANCIAL NEEDS, PROMOTE THRIFT, PROVIDE A FULL RANGE OF SERVICES, MAINTAIN FINANCIAL STABILITY, AND MANAGE GROWTH WHILE OFFERING REWARDING CAREERS TO OUR EMPLOYEES. EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITS FORM 990, PAGE 1, PART I, LINE 6 SUPERVISORY AND AUDIT SERVICES ARE PROVIDED BY THE BOARD OF DIRECTORS AND THE SUPERVISORY COMMITTEE. CLASSES OF MEMBERS OR STOCKHOLDERS FORM 990, PAGE 6, PART VI, LINE 6 THE CREDIT UNION HAS 8,658 MEMBERS. ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A CREDIT UNION MEMBERS ELECT ALL MEMBERS OF THE BOARD OF DIRECTORS ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE CEO, EVP, AND THE BOARD OF DIRECTORS. THE FORM IS APPROVED BY THE CEO AND EVP. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C DIRECTORS ARE REQUIRED TO SIGN AN OATH OF OFFICE ANNUALLY WHICH INCORPORATES A CONFLICT OF INTEREST STATEMENT. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE CEO'S COMPENSATION. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B CEO SETS OFFICER SALARIES BASED ON INDUSTRY SURVEY AND PEER COMPARISON; BOARD OF DIRECTORS APPROVES. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT THEIR ANNUAL MEETING AND UPON REQUEST. OTHER CHANGES IN NET ASSETS EXPLANATION FORM 990, PART XI, LINE 9 CURRENT YEAR UNREALIZED GAIN ON INVESTMENTS 27,932 PRIOR YEAR UNREALIZED GAIN ON INVESTMENTS 111,508