VIZO FINANCIAL CORPORATE CREDIT UNION: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: VIZO FINANCIAL CORPORATE CREDIT UNION (EIN 56-1295697)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-08-01
IRS object ID: 201332139349300518
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
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-08-01T10:56:22-00:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ORTH CHAKLER MURNANE AND CO CPAs	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	12060 SW 129 COURT SUITE 201	AddressLine1
City	MIAMI	City
State	FL	State
ZIP Code	33186	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	561295697	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	FIRST CAROLINA CORPORATE CREDIT UNION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	FIRS	NameControl
Phone	3362174992	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	7900 TRIAD CENTER DRIVE Room 410	AddressLine1
City	GREENSBORO	City
State	NC	State
ZIP Code	27409	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DAVID BREHMER	Name
Title	PRESIDENT AND CEO	Title
Date Signed	2013-08-01	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DOUGLAS ORTH	Name
Phone	3052328272	Phone
Date Prepared	2013-08-01	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Name Of Principal Officer Business NameOfPrincipalOfficerBusiness

Field	Value	IRS element (for citing)
Business Name Line1	DAVID BREHMER	BusinessNameLine1

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	7900 TRIAD CENTER DRIVE SUITE 410	AddressLine1
City	GREENSBORO	City
State	NC	State
ZIP Code	27409	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	16754409	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Group Exemption Number	2032	GroupExemptionNumber
Organization501c	X	Organization501c
Web Site	WWW.FIRSTCAROLINA.ORG	WebSite
Type Of Organization Other	X	TypeOfOrganizationOther
Type Of Org Other Description	CREDIT UNION	TypeOfOrgOtherDescription
Year Formation	1980	YearFormation
State Legal Domicile	NC	StateLegalDomicile
Activity Or Mission Description	FIRST CAROLINA IS THE CREDIT UNIONS CREDIT UNION OFFERING LIQUIDITY SERVICES, INVESTMENT SERVICES, AND CORRESPONDENT SERVICES TO ITS MEMBERS.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	28	TotalNbrEmployees
Total Nbr Volunteers	16	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	3564761	ProgramServiceRevenuePriorYear
Program Service Revenue CY	3296899	ProgramServiceRevenueCY
Investment Income Prior Year	13259364	InvestmentIncomePriorYear
Investment Income Current Year	10352454	InvestmentIncomeCurrentYear
Other Revenue Current Year	589399	OtherRevenueCurrentYear
Total Revenue Prior Year	16824125	TotalRevenuePriorYear
Total Revenue Current Year	14238752	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	1929314	SalariesEtcPriorYear
Salaries Etc Current Year	2316549	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	9546378	OtherExpensePriorYear
Other Expenses Current Year	7320465	OtherExpensesCurrentYear
Total Expenses Prior Year	11475692	TotalExpensesPriorYear
Total Expenses Current Year	9637014	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	5348433	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	4601738	RevenuesLessExpensesCY
Total Assets BOY	1450098602	TotalAssetsBOY
Total Assets EOY	1382776073	TotalAssetsEOY
Total Liabilities BOY	1385038678	TotalLiabilitiesBOY
Total Liabilities EOY	1303605599	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	65059924	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	79170474	NetAssetsOrFundBalancesEOY
Mission Description	MAXIMIZE THE VALUE OF MEMBER OWNERSHIP THROUGH SUPERIOR SERVICE AND PERSONALIZED PRODUCTS.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	SETTLEMENT AND PAYMENT SERVICES MANAGEMENT OF SHORT TERM FUNDS FOR THE MEMBERSHIP PROVIDING LIQUIDITY SERVICES. INCOME FROM PROVIDING SERVICES TO CREDIT UNION MEMBERS AND MANAGING THEIR SHORT-TERM DEPOSITS PROVIDE THE FOUNDATION FOR THE ORGANIZATIONS OPERATIONAL STABILITY AND ABILITY TO PROVIDE VALUE-ADDED LOW COST SERVICES TO ITS RESTRICTED MEMBERSHIP.	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	28	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	9	NbrVotingGoverningBodyMembers
Number Independent Voting Members	9	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	DAVID BREHMER	NamePerson
Telephone Number	3362174900	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	7900 TRIAD CENTER DRIVE	AddressLine1
City	GREENSBORO	City
State	NC	State
ZIP Code	27409	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (12 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Average Hours Per Week RelatedAverageHoursPerWeekRelated	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
SCOTT WOODS
CHAIRMAN	003.00	003.00	X	0	0	0
ROBERT BRUNS
DIRECTOR	002.00	002.00	X	0	0	0
RANDY CRAWFORD
SECRETARY	002.00	002.00	X	0	0	0
STEVE HARKINS
DIRECTOR	002.00	002.00	X	0	0	0
JACK BRAWSWELL
TREASURER	002.00	002.00	X	0	0	0
LUCILE BECKWITH
DIRECTOR	002.00	002.00	X	0	0	0
JAMES MCDANIEL
DIRECTOR	002.00	002.00	X	0	0	0
SCOTT WEAVER
V. CHAIRMAN	002.00	002.00	X	0	0	0
STEVE SMITH
DIRECTOR	002.00	002.00	X	0	0	0
DAVID BREHMER
CEO	040.00	040.00		258769	0	30222	X
MARK BROWN
SVP/CFO	040.00	040.00		136143	0	23862	X
FRED EISEL
SVP/CIO	040.00	040.00		145709	0	23505	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	540621	TotalReportableCompFromOrg
Total Other Compensation	77589	TotalOtherCompensation
Number Individuals GT100 K	3	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
NORTH CAROLINA CREDIT UNION LEAGUE
323 W JONES STREET	RALEIGH	NC	27609	PAYROLL SERVICES	2309574
FEDERAL RESERVE BANK
701 E BYRD ST	RICHMOND	VA	23219	SETTLEMENT AND WIRES	298124
JACK HENRY & ASSOCIATES INC
663 W HIGHWAY 60	MONETT	MO	65708	DATA PROCESSING	276917
MY CU SERVICES LLC
1201 FULLING MILL ROAD	MIDDLETOWN	PA	17057	ACH SERVICES	164960
ZM FINANCIAL SYSTEMS
501 EASTOWNE DR STE 130	CHAPEL HILL	NC	27514	BUILDING RENT	197442

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	5	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
INCOME ON LOANS	522100	148471	148471
FEES/CHARGES/OTHER	522100	3148428	3148428

Field	Value	IRS element (for citing)
Total Program Service Revenue	3296899	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	10333279	TotalRevenueColumn
Related Or Exempt Function Income	10333279	RelatedOrExemptFunctionIncome

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	2534832	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	2515657	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	19175	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	19175	TotalRevenueColumn
Related Or Exempt Function Income	19175	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
FRB EBA PROGRAM FEE	522100	263553	263553
PAYMENTS FROM AMBAC	522100	325846	325846

Field	Value	IRS element (for citing)
Total Other Revenue	589399	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	14238752	TotalRevenueColumn
Related Or Exempt Function Income	14238752	RelatedOrExemptFunctionIncome

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	618210	Total
Program Services	618210	ProgramServices

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	1296551	Total
Program Services	1296551	ProgramServices

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	83394	Total
Program Services	83394	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	174071	Total
Program Services	174071	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	144323	Total
Program Services	144323	ProgramServices

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	35500	Total
Program Services	35500	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	95000	Total
Program Services	95000	ProgramServices

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Fees For Services Prof Fundraising		FeesForServicesProfFundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	205449	Total
Program Services	205449	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	27024	Total
Program Services	27024	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	1789595	Total
Program Services	1789595	ProgramServices

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	594405	Total
Program Services	594405	ProgramServices

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	105179	Total
Program Services	105179	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	54374	Total
Program Services	54374	ProgramServices

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	39220	Total
Program Services	39220	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	3817079	Total
Program Services	3817079	ProgramServices

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	53889	Total
Program Services	53889	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	114773	Total
Program Services	114773	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	103848	Total
Program Services	103848	ProgramServices

Other Expenses OtherExpenses

Field	Value	IRS element (for citing)
Description	SEE ATTACHED SCHEDULE	Description
Total	285130	Total
Program Services	285130	ProgramServices

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	0	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	9637014	Total
Program Services	9637014	ProgramServices

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	946675	BOY
EOY	858475	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	650723984	BOY
EOY	521310084	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	4972701	BOY
EOY	4929682	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	6446333	BOY
EOY	4327583	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	78472	BOY
EOY	262442	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	922075	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	452008	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	99515	BOY
EOY	470067	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	749277537	BOY
EOY	821006185	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	37122326	BOY
EOY	29187596	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	431059	BOY
EOY	423959	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1450098602	BOY
EOY	1382776073	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	1102005	BOY
EOY	990892	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	47354107	BOY
EOY	42929420	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	1336582566	BOY
EOY	1259685287	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1385038678	BOY
EOY	1303605599	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	65059924	BOY
EOY	79170474	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	65059924	BOY
EOY	79170474	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1450098602	BOY
EOY	1382776073	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	4601738	ReconcilationRevenueExpenses
Reconciliation Unrealized Invest	9816799	ReconciliationUnrealizedInvest
Reconcilation Other Changes	-307987	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Included On FS	false	IncludedOnFS

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	82642	OtherCostOrOtherBasis
Depreciation	10457	Depreciation
Book Value	72185	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	669702	OtherCostOrOtherBasis
Depreciation	352877	Depreciation
Book Value	316825	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	169731	OtherCostOrOtherBasis
Depreciation	88674	Depreciation
Book Value	81057	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	470067	TotalOfBookValueLandBuildings

Other Securities OtherSecurities (2 entries)

DescriptionDescription
Financial derivatives and other financial products
Closely-held equity interests

Other Liabilities OtherLiabilities (10 entries)

DescriptionDescription	AmountAmount
Federal income taxes
NON-MS DAILY SHARE ACCOUNTS	$269,593
DAILY SHARE ACCOUNTS	$908,358,674
PSA-30 SHARE ACCOUNTS	$17,356,249
PSA-90 SHARE ACCOUNTS	$301,173,204
HOLIDAY ACCUMULATION ACCOUNT	$6,536,000
UNCOLLECTED DEPOSITS-CASH LETTER	$4,857
CIF CERTIFICATES	$200,000
CERTIFICATES	$15,426,000
MEMBERSHIP CAPITAL SHARES	$10,360,710

Field	Value	IRS element (for citing)
Total Of Amounts	1259685287	TotalOfAmounts
Footnote In Part XIII	X	FootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt	14238752	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	14238752	RevenueSubtotal
Total Revenue Per Form990	14238752	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	9637014	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	9637014	ExpensesSubtotal
Total Expenses Per Form990	9637014	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII

Field	Value	IRS element (for citing)
Identifier	X	Identifier
Return Reference	2	ReturnReference
Explanation	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 50414. 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. MANAGEMENT HAS DETERMINED THAT THE CREDIT UNION HAS NO INCOME DERIVED FROM NON-EXEMPT SOURCES. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. THEREFORE, NO LIABILITY EXISTS FROM THE FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE. AS SUCH, THE CREDIT UNION HAS NOT FILED TAX RETURNS FOR REPORTING UBIT-RELATED INCOME FOR TAX YEARS PRIOR TO DECEMBER 31, 2012.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Independent Consultant	X	IndependentConsultant
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)

TitleTitle	Base Compensation Filing OrgBaseCompensationFilingOrg	Other Compensation Filing OrgOtherCompensationFilingOrg	Deferred Comp Filing OrgDeferredCompFilingOrg	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Total Compensation Filing OrgTotalCompensationFilingOrg	Bonus Filing OrgBonusFilingOrg
DAVID BREHMER
CEO	214167	44602	11831	18391	288991
MARK BROWN
SVP/CFO	132127	4016	7304	16558	160005
FRED EISEL
SVP/CIO	122292	2722	6726	16779	169214	20695

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

ExplanationExplanation
Form 990 Part VI Section A Line 6 MEMBERS ARE MADE UP OF NATURAL PERSON CREDIT UNIONS. MEMBERSHIP IS REQUIRED FOR SERVICE.
Form 990 Part VI Section A Line 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS.
Form 990 Part VI Section B Line 11 THE SVP/CFO ARE RESPONSIBLE FOR THE PREPARATION OF THE RETURN. THE RETURN IS REVIEWED BY THE CREDIT UNIONS PRESIDENT/CEO. ONCE THIS REVIEW IS COMPLETED AND ANY NECESSARY CORRECTIONS ARE MADE, THE RETURN IS FILED.
Form 990 Part VI Section B Line 12C AT EACH BOARD OF DIRECTORS MEETING THEY ARE ASKED IF ANY CONFLICTS EXIST AND RECUSALS NECESSARY TO TRANSACT BUSINESS.
Form 990 Part VI Section B Line 15B OUTSIDE CONSULTANT REVIEWS POSITIONS BI-ANNUALLY AND PARTICIPATE IN CORPORATE CREDIT UNION SALARY SURVEY ANNUALLY.
Form 990 Part VI Section C Line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.
Form 990 Part XI Line 9 PERPETUAL CONTRIBUTED CAPITAL RECEIVED IN THE AMOUNT OF 145,269 LESS RECLASSIFICATION ADJUSTMENT FOR NET GAINS INCLUDED IN NET INCOME OF 196,231 LESS DIVIDENDS PAID ON PERPETUAL CONTRIBUTED CAPITAL IN THE AMOUNT OF 257,025.