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CREDIT UNIONS IN THE STATE OF WASHINGTON: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
CREDIT UNIONS IN THE STATE OF WASHINGTON (EIN 91-0683062)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-05-01
IRS object ID
201331219349300743
Schema version
2012v2.2
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

FieldValueIRS element (for citing)
Timestamp2013-05-01T03:10:43-00:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1ORTH CHAKLER MURNANE AND CO CPAsBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line112060 SW 129 COURT SUITE 201AddressLine1
CityMIAMICity
StateFLState
ZIP Code33186ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN910683062EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1WASHINGTON STATE EMPLOYEES CREDIT UNIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlWASHNameControl
Phone3609437911Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX WSECUAddressLine1
CityOLYMPIACity
StateWAState
ZIP Code985070099ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameKEVIN S FOSTER-KEDDIEName
TitlePRESIDENTCEOTitle
Date Signed2013-04-29DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameDOUGLAS ORTHName
Phone3052328272Phone
Date Prepared2013-05-01DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonKEVIN FOSTER-KEDDIENameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1PO BOX WSECUAddressLine1
CityOLYMPIACity
StateWAState
ZIP Code985070099ZIPCode
FieldValueIRS element (for citing)
Gross Receipts135392891GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Group Exemption Number1269GroupExemptionNumber
Organization501cXOrganization501c
Web SiteWWW.WSECU.ORGWebSite
Type Of Organization OtherXTypeOfOrganizationOther
Type Of Org Other DescriptionCREDIT UNIONTypeOfOrgOtherDescription
Year Formation1957YearFormation
State Legal DomicileWAStateLegalDomicile
Activity Or Mission DescriptionTO PROVIDE SERVICES TO MEMBERS WHICH ARE MANDATED IN THE CREDIT UNION ACT TO CHARTERS AND TO PROVIDE A MEANS WHEREBY MEMBERS CAN PROVIDE EACH OTHER WITH NEEDED FINANCIAL SERVICES.ActivityOrMissionDescription
Nbr Voting Members Governing Body9NbrVotingMembersGoverningBody
Nbr Independent Voting Members9NbrIndependentVotingMembers
Total Nbr Employees639TotalNbrEmployees
Total Nbr Volunteers13TotalNbrVolunteers
Total Gross UBI1112418TotalGrossUBI
Net Unrelated Business Txbl Income-554371NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year95110508ProgramServiceRevenuePriorYear
Program Service Revenue CY101863860ProgramServiceRevenueCY
Investment Income Prior Year5878475InvestmentIncomePriorYear
Investment Income Current Year6056922InvestmentIncomeCurrentYear
Other Revenue Prior Year146059OtherRevenuePriorYear
Other Revenue Current Year3555394OtherRevenueCurrentYear
Total Revenue Prior Year101135042TotalRevenuePriorYear
Total Revenue Current Year111476176TotalRevenueCurrentYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year35896809SalariesEtcPriorYear
Salaries Etc Current Year39763056SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year54419104OtherExpensePriorYear
Other Expenses Current Year53691387OtherExpensesCurrentYear
Total Expenses Prior Year90315913TotalExpensesPriorYear
Total Expenses Current Year93454443TotalExpensesCurrentYear
Revenues Less Expenses Prior Year10819129RevenuesLessExpensesPriorYear
Revenues Less Expenses CY18021733RevenuesLessExpensesCY
Total Assets BOY1657596502TotalAssetsBOY
Total Assets EOY1806158758TotalAssetsEOY
Total Liabilities BOY1486810241TotalLiabilitiesBOY
Total Liabilities EOY1615844753TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY170786261NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY190314005NetAssetsOrFundBalancesEOY
Mission DescriptionTO PROVIDE SERVICES TO MEMBERS WHICH ARE MANDATED IN THE CREDIT UNION ACT TO CHARTERS AND TO PROVIDE A MEANS WHEREBY MEMBERS CAN PROVIDE EACH OTHER WITH NEEDED FINANCIAL SERVICES.MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
DescriptionSAVINGS AND CHECKING WE KNOW DIFFERENT MEMBERS HAVE DIFFERENT NEEDS FROM THEIR CHECKING AND SAVINGS ACCOUNTS. THATS WHY WE OFFER VARIETY. WSECU CAN HELP YOU MAKE MANAGING YOUR BUDGET SIMPLER AS YOU WORK TOWARD YOUR FINANCIAL GOALS. CHOOSE FROM OUR DIFFERENT CHECKING OPTIONS, ALL OF WHICH COME WITH NO MAINTENANCE FEES AND NO PER-CHECK CHARGES. ACCESS YOUR ACCOUNTS ANYTIME OF THE DAY OR NIGHT WITH YOUR DEBIT OR ATM CARD. WSECU IS A PROUD PARTNER OF THE CO-OP NETWORK, OFFERING YOU FREE ACCESS TO 25,000 ATMS ACROSS THE UNITED STATES. COMPLETE DETAILS AND CURRENT RATES ARE AVAILABLE ON OUR WEBSITE.Description
Described In501 C3falseDescribedIn501C3
Schedule B RequiredfalseScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Report Land Bldg EquiptrueReportLandBldgEquip
Report Invest Oth SecuritiestrueReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiestrueReportOtherLiabilities
Report Fin48 FootnotetrueReportFin48Footnote
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmttrueConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredtrueScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntitytrueDisregardedEntity
Related EntityfalseRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transaction Related EntityfalseTransactionRelatedEntity
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With109646172NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees639NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncometrueUnrelatedBusinessIncome
Form990-T FiledtrueForm990-TFiled
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members9NbrVotingGoverningBodyMembers
Number Independent Voting Members9NumberIndependentVotingMembers
Family Or Business RelationshipfalseFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholderstrueMembersOrStockholders
Election Of Board MemberstrueElectionOfBoardMembers
Decisions Subject To ApprovaltrueDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChapterstrueLocalChapters
Policies Reference ChapterstruePoliciesReferenceChapters
Form990 Provided To Governing BodyfalseForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicytrueWhistleblowerPolicy
Document Retention PolicytrueDocumentRetentionPolicy
Compensation Process CEOtrueCompensationProcessCEO
Compensation Process OthertrueCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonWASHINGTON STATE EMPLOYEES CREDIT UNamePerson
Telephone Number3609437911TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1PO BOX WSECUAddressLine1
CityOLYMPIACity
StateWAState
ZIP Code98507ZIPCode
FieldValueIRS element (for citing)
Info In Schedule O Part VIIXInfoInScheduleOPartVII

Form990 Part VII Section A Form990PartVIISectionA (27 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficerKey EmployeeKeyEmployeeHighest Compensated EmployeeHighestCompensatedEmployee
FRED OLSON
BOD/DIRECTOR001.00X143300
GINNY DALE
BOD/SECRETARY001.00X19300
CAROLE WASHBURN
BOD/DIRECTOR001.00X162000
RITA KOONTZ
BOD/V. CHAIR001.00X23300
MARCUS GLASPER
BOD/DIRECTOR001.00X25600
DOUG MAH
BOD/DIRECTOR001.00X54500
MIKE STEVENSON
BOD/DIRECTOR001.00X76400
TRACY GUERIN
BOD/CHAIR001.00X000
JERRY HENDRICKS
BOD/DIRECTOR001.00X27900
TOM WIELAND
SUPERVISORY COMM./CHAIR001.00X60400
JEFF DOYLE
SUPERVISORY COMM./MEMBER001.00X84800
SCOTT HENDERSON
SUPERVISORY COMM./MEMBER001.00X15500
YOLANDA WILSON
SUPERVISORY COMM./MEMBER001.00X36000
JOHN PITTMAN
BOD/DIRECTOR001.00X840000
KEVIN S FOSTER-KEDDIE
PRESIDENT/CEO040.00849492037208X
RANDY GUNDERSON
SVP FINANCE040.00221421099718X
MARK ALLEN
SVP MORTGAGE/INVEST./CEO OWF040.002295030100645X
LINDA HOLLEN
EVP/COO040.004639550136772X
BENJAMIN MORALES
SVP/CIO040.002322270101146X
GARY R SWINDLER
SVP SERVICE DELIVERY040.00228539090924X
SHARON L WHITEHEAD
SVP ADMIN/CAO040.00201553087850X
KEITH TROUP
VP CHIEF LENDING OFFICER040.00154884020479X
TANYA HILL
HOME LOAN CONSULTANT040.00188982032011X
CYNTHIA E SCHAUMBURG
HOME LOAN CONSULTANT040.00235484036622X
SID SCHROADER
FINANCIAL INVESTMENT REPRESENTATIVE040.00161289023567X
KRISTA OLSEN
HOME LOAN CONSULTANT040.00237740040014X
KARL WIESNER
HOME LOAN CONSULTANT040.0016870605511X
FieldValueIRS element (for citing)
Total Reportable Comp From Org3589465TotalReportableCompFromOrg
Total Other Compensation812467TotalOtherCompensation
Number Individuals GT100 K38NumberIndividualsGT100K
Formers ListedfalseFormersListed
Total Comp GT150 KtrueTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
45TH STREET INVESTMENTS LLC
5809 153RD PLACE SWEDMONDSWA98026BUILDING PURCHASE- NEW UW BRANCH3589488
CHARLES SCHWAB TRUST ACCOUNT
PO BOX 202770AUSTINTX78720EMPLOYEE BENEFITS- 401K3252325
THURSTON COUNTY TREASURER
2000 LAKE RIDGE DRIVE SWOLYMPIAWA98502MORTGAGE LOAN RELATED3202125
KAYE SMITH
PO BOX 956RENTONWA980570956STATEMENTS/FORMS PRINTER AND MAILER2234606
RIGHT SYSTEMS
PO BOX 11626TACOMAWA98411SOFTWARE/HARDWARE1709975
FieldValueIRS element (for citing)
Number Of Contractors GT100 K91NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncomeUnrelated Business RevenueUnrelatedBusinessRevenue
INTEREST ON LOANS TO MEMBERS522100591443605913013814222
SERVICE FEES/CHARGES5221003250490331848331656572
MORTGAGE LENDING522100102145979772973441624
FieldValueIRS element (for citing)
Total Program Service Revenue101863860TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column6066501TotalRevenueColumn
Related Or Exempt Function Income6066501RelatedOrExemptFunctionIncome

Gross Rents GrossRents

FieldValueIRS element (for citing)
Real467512Real

Less Rental Expenses LessRentalExpenses

FieldValueIRS element (for citing)
Real68367Real

Rental Income Or Loss RentalIncomeOrLoss

FieldValueIRS element (for citing)
Real399145Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column399145TotalRevenueColumn
Related Or Exempt Function Income399145RelatedOrExemptFunctionIncome

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities20251424Securities
Other3587345Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities20191157Securities
Other3657191Other

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities60267Securities
Other-69846Other

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column-9579TotalRevenueColumn
Related Or Exempt Function Income-9579RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
OTHER INCOME5221001893818938
GAIN ON CALLED SECURITY5221002618626186
LOAN SERVICING INCOME52210031111253111125
FieldValueIRS element (for citing)
Total Other Revenue3156249TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column111476176TotalRevenueColumn
Related Or Exempt Function Income110363758RelatedOrExemptFunctionIncome
Unrelated Business Revenue1112418UnrelatedBusinessRevenue

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total0Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total0Total

Foreign Grants ForeignGrants

FieldValueIRS element (for citing)
Total0Total

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total0Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total3272006Total
Program Services3272006ProgramServices

Comp Disqual Persons CompDisqualPersons

FieldValueIRS element (for citing)
Total0Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total26237402Total
Program Services26237402ProgramServices

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total2622459Total
Program Services2622459ProgramServices

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total5328282Total
Program Services5328282ProgramServices

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total2302907Total
Program Services2302907ProgramServices

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total0Total

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total187734Total
Program Services187734ProgramServices

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total120870Total
Program Services120870ProgramServices

Fees For Services Lobbying FeesForServicesLobbying

FieldValueIRS element (for citing)
Total0Total
FieldValueIRS element (for citing)
Fees For Services Prof FundraisingFeesForServicesProfFundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total0Total

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total3777522Total
Program Services3777522ProgramServices

Advertising Advertising

FieldValueIRS element (for citing)
Total1403421Total
Program Services1403421ProgramServices

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total4765823Total
Program Services4765823ProgramServices

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total1972882Total
Program Services1972882ProgramServices

Royalties Royalties

FieldValueIRS element (for citing)
Total0Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total3705520Total
Program Services3705520ProgramServices

Travel Travel

FieldValueIRS element (for citing)
Total237668Total
Program Services237668ProgramServices

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

FieldValueIRS element (for citing)
Total0Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total369146Total
Program Services369146ProgramServices

Interest Interest

FieldValueIRS element (for citing)
Total5471278Total
Program Services5471278ProgramServices

Payments To Affiliates PaymentsToAffiliates

FieldValueIRS element (for citing)
Total0Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total5591287Total
Program Services5591287ProgramServices

Insurance Insurance

FieldValueIRS element (for citing)
Total431463Total
Program Services431463ProgramServices

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionSEE SCHEDULE ATTACHEDDescription
Total25656773Total
Program Services25656773ProgramServices

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total0Total

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total93454443Total
Program Services93454443ProgramServices

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY17640527BOY
EOY16729164EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY15614108BOY
EOY22476499EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY4906489BOY
EOY5232112EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY951614709BOY
EOY1043516711EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY12580819BOY
EOY32695621EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis119268457LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec39536673LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY75331888BOY
EOY79731784EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY332716476BOY
EOY394064632EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY230218337BOY
EOY186311690EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY16973149BOY
EOY25400545EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY1657596502BOY
EOY1806158758EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY30836459BOY
EOY25841234EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY1455973782BOY
EOY1590003519EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY1486810241BOY
EOY1615844753EOY
FieldValueIRS element (for citing)
Do Not Follow SFAS117XDoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

FieldValueIRS element (for citing)
BOY170786261BOY
EOY190314005EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY170786261BOY
EOY190314005EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY1657596502BOY
EOY1806158758EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses18021733ReconcilationRevenueExpenses
Reconciliation Unrealized Invest1191158ReconciliationUnrealizedInvest
Reconcilation Other Changes314853ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited

FS Audited Basis FSAuditedBasis

FieldValueIRS element (for citing)
Financial Statement ConsolidatedXFinancialStatementConsolidated
FieldValueIRS element (for citing)
Audit CommitteetrueAuditCommittee
Federal Grant Audit RequiredfalseFederalGrantAuditRequired

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Included On FSfalseIncludedOnFS

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis14097226OtherCostOrOtherBasis
Book Value14097226BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis68166082OtherCostOrOtherBasis
Depreciation13024489Depreciation
Book Value55141593BookValue

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Other Cost Or Other Basis6182355OtherCostOrOtherBasis
Depreciation4839859Depreciation
Book Value1342496BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis30528711OtherCostOrOtherBasis
Depreciation21378242Depreciation
Book Value9150469BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis294083OtherCostOrOtherBasis
Depreciation294083Depreciation
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings79731784TotalOfBookValueLandBuildings

Other Securities OtherSecurities (4 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
Financial derivatives and other financial products
Closely-held equity interests
HELD TO MATURITY SECURITIES100199F
OTHER186211491F
FieldValueIRS element (for citing)
Total Of Book Value Securities186311690TotalOfBookValueSecurities

Other Liabilities OtherLiabilities (6 entries)

DescriptionDescriptionAmountAmount
Federal income taxes
SHARE DRAFT ACCOUNTS$323,462,073
SHARE ACCOUNTS$682,466,069
MONEY MARKET ACCOUNTS$214,694,267
IRA SHARE ACCOUNTS$27,992,219
SHARE AND IRA CERTIFICATES$341,388,891
FieldValueIRS element (for citing)
Total Of Amounts1590003519TotalOfAmounts
Footnote In Part XIIIXFootnoteInPartXIII

Form990 Schedule D Part XIII Form990ScheduleDPartXIII

FieldValueIRS element (for citing)
IdentifierXIdentifier
Return Reference2ReturnReference
ExplanationTHE 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 CONSOLIDATED 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 504C14. 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 TECHNNICAL 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 RECOGNITON OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED 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.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelXFirstClassOrCharterTravel
Travel For CompanionsXTravelForCompanions
Club Dues Or FeesXClubDuesOrFees
Written Policy Re T And E ExpensestrueWrittenPolicyReTAndEExpenses
Substantiation RequiredtrueSubstantiationRequired
Independent ConsultantXIndependentConsultant
Form990 Of Other OrganizationsXForm990OfOtherOrganizations
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance PaymentfalseSeverancePayment
Supplemental Nonqual Retire PlanfalseSupplementalNonqualRetirePlan
Equity Based Comp ArrangementfalseEquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (13 entries)

TitleTitleBase Compensation Filing OrgBaseCompensationFilingOrgBonus Filing OrgBonusFilingOrgOther Compensation Filing OrgOtherCompensationFilingOrgDeferred Comp Filing OrgDeferredCompFilingOrgNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgTotal Compensation Filing OrgTotalCompensationFilingOrg
KEVIN S FOSTER-KEDDIE
PRESIDENT/CEO499764286495632332125015958886700
RANDY GUNDERSON
SVP FINANCE193452272027678058719131321139
MARK ALLEN
SVP MORTGAGE/INVEST./CEO OWF200340282938708149719148330148
LINDA HOLLEN
EVP/COO2320793033920153712125015522600727
BENJAMIN MORALES
SVP/CIO203760275419268197619170333373
GARY R SWINDLER
SVP SERVICE DELIVERY16495122885407037946911455319463
SHARON L WHITEHEAD
SVP ADMIN/CAO17545625735362783889462289403
TANYA HILL
HOME LOAN CONSULTANT219711670111623015781220993
CYNTHIA E SCHAUMBURG
HOME LOAN CONSULTANT227852126992010016522272106
SID SCHROADER
FINANCIAL INVESTMENT REPRESENTATIVE22545138744137919776184856
KEITH TROUP
VP CHIEF LENDING OFFICER13600418722158132637216175363
KRISTA OLSEN
HOME LOAN CONSULTANT214062163342007019944277754
KARL WIESNER
HOME LOAN CONSULTANT25645301430315511174217

Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
II4COMPENSTAION INCLUDES A CASH-OUT OF ACCRUED LEAVE IN THE AMOUNT APPROXIMATING 197,114.
II6COMPENSTAION INCLUDES A CASH-OUT OF ACCRUED LEAVE IN THE AMOUNT APPROXIMATING 39,924.

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
Form 990 Part VIA 6THE CREDIT UNIONS MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNIONS MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATIONS PROFITS IN THE FORM OF CASH DIVIDENDS.
Form 990 Part VIA 7AMEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE.
Form 990 Part VIA 7BMEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODYS ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR.
Form 990 Part VIB 11BWSECU ACTIVELY MONITORS OUR TAX POSITION THROUGHOUT THE YEAR. UPON 990 FILING, WSECU REVIEWS THE FORMS FOR ACCURACY TO OUR INTERNAL REPORTS AND MAKES ADJUSTMENTS AS NECESSARY UNDER THE GUIDANCE OF OUR TAX ACCOUNTANTS. THE TAX FORMS ARE REVIEWED BY OUR CEO PRIOR TO SIGNING OF THE FINAL DRAFT. THE RETURN IS AVAILABLE TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW.
Form 990 Part VIB 12CWE SEND OUT AN ANNUAL HR POLICIES ACKNOWLEDGMENT TO ALL STAFF AND REQUIRE ACKNOWLEDGMENT FROM EACH PERSON EACH YEAR AS WELL AS UPON HIRE. THIS POLICIES ACKNOWLEDGMENT INCLUDES THE WSECU CODE OF CONDUCT, WHICH COVERS OUR CONFLICT OF INTEREST POLICY. WE ENFORCE THE CONFLICT OF INTEREST POLICY IN VARIOUS WAYS, DEPENDING ON THE PARTICULAR CONFLICT. FOR EMPLOYMENT CONFLICTS, WE REQUIRE A NOTIFICATION TO HR OF ANY SECOND JOBS AND APPROVAL BY THE EMPLOYEES LEADER. FOR POTENTIAL CONFLICTS OF EMPLOYEES WORKING WITH RELATIVES, WE REQUIRE A SENIOR MANAGEMENT APPROVAL BEFORE WE HIRE, PROMOTE, OR TRANSFER ANYONE WHO MIGHT BE WORKING WITH A RELATIVE OF WSECU EMPLOYEE. IF WE ARE NOTIFIED OF OTHER TYPES OF CONFLICTS, WE DEAL WITH THEM AS THEY ARISE, INVOLVING COMPANY LEADERSHIP. OUR POLICY HAS ASSISTED US TO PROHIBIT CONFLICTS BEFORE THEY IMPACT THE COMPANY.
Form 990 Part VIIB 15BWSECU USES A THIRD PARTY, OUTSIDE CONSULTANT TO EVALUATE EXECUTIVE COMPENSATION. THE REVIEW THAT THE CONSULTANT COMPLETES INCLUDES A REASONABLENESS TEST, MARKET COMPARABLE DATA FOR THE FINANCIAL SERVICES/CREDIT UNION INDUSTRY AND THE GEOGRAPHIC AREA, AND INCLUDES THE ENTIRE SALARY AND BENEFITS PACKAGE. PERIODICALLY, HUMAN RESOURCES USES INDUSTRY AND REGIONAL EXECUTIVE SALARY SURVEYS TO VERIFY EXECUTIVE COMPENSATION. THE CEO CONTRACT, INCLUDING COMPENSATION, IS REVIEWED BY THE WSECU BOARD OF DIRECTORS.
Form 990 Part VIC 19GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE NCUA WEBSITE VIA THE 5300 FILING.
Form 990 Part XI51,281,755 UNREALIZED HOLDING GAINS ON AVAILABLE-FOR-SALE INVESTMENTS 90,597 RECLASSIFICATION ADJUSTMENTS FOR GAINS INCLUDED IN NET INCOME ON SALE OF AVAILABLE-FOR-SALE SECURITIES
Form 990 Part XI9314,853 UNREALIZED GAIN ON TRADING SECURITIES

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI

Name Of Disregarded Entity NameOfDisregardedEntity

FieldValueIRS element (for citing)
Business Name Line1ONE WASHINGTON FINANCIAL LLCBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1PO BOX WSECUAddressLine1
CityOLYMPIACity
StateWAState
ZIP Code98507ZIPCode
FieldValueIRS element (for citing)
EIN753134955EIN
Primary ActivitiesLOAN SERVICINGPrimaryActivities
Legal Domicile StateWALegalDomicileState
Total Income3083696TotalIncome
EOY Assets8724286EOYAssets
Direct Controlling Entity NAN/ADirectControllingEntityNA