2012-04-27T13:13:02-07:00 2011-12-31 990 2011-01-01 910403815 CREDIT UNIONS IN THE STATE OF WASHINGTON CRED 2066284010 325 Eastlake Ave E Seattle WA 98109 Sandra Kurack 2066284215 2012-04-27 2011 2016-02-24 21:20:13Z Sandra Kurack 325 Eastlake Ave E Seattle WA 98109 31786688 0 1269 X www.secuwa.org X Credit Union 1936 WA Credit Union 9 8 127 10 0 0 0 0 28509642 26802387 4985446 5377877 663088 -393576 34158176 31786688 41342 149210 0 0 10406468 10583764 0 0 0 21822373 18267586 32270183 29000560 1887993 2786128 801299388 857635052 714956871 767963557 86342517 89671495 Credit Union 0 0 Credit Union 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 48793 0 1 127 1 0 0 0 0 0 0 X 9 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X Brad Boydston 2066284240 325 Eastlake Ave E Seattle WA 98109 Carl E Tingelstad 2 X 0 63109 0 Linda S Cowan 2 X 0 63883 0 Borje O Saxberg 2 X 0 64305 0 Roger A Reimer 2 X 0 54720 0 Richard A Rutkowski 2 X 0 61615 0 Brian L Benzel 2 X 0 62433 0 William C Bonaudi 2 X 0 55826 0 Shirley Liu Hodgson 2 X 0 61377 0 Sandra M Kurack 40 X 466688 46899 37805 Steve A Ricco 2 X 19121 372338 49573 Kristina Hanson 40 X 125261 0 35966 Brad Boydston 40 X 132618 0 28743 Gary Walcott 40 X 100001 0 26727 Margie Prebo 40 X 114127 0 29301 Joann Blalock 40 X 197056 0 34965 Grant Brockmeyer 40 X 110346 0 33602 Sheila McLean 40 X 105295 0 20172 Gregory Vermilion 40 X 102636 0 32562 1473149 906505 329416 9 0 1 0 Premera Blue Cross PO Box 9159 Seattle WA 98111 Medical Insurance 1117582 Payment Systems for Credit Unions 560 Carillon Parkway St Petersburg FL 33716 Credit card processing 1116246 Digital Insight 21215 Burbank Boulevard Suite 400 Woodland Hills CA 91367 Internet banking services 1063539 Denali Advanced Integration 17735 NE 65th Street Suite 130 Redmond WA 98032 Information technology 883196 FISERV 255 Fiserv Drive Brookfield WI 53045 Debit and ATM card processing 507538 13 0 0 0 0 0 0 0 0 Interest on Loans to Members 522100 21919754 21919754 0 0 Card Interchange Income 522100 2894017 2894017 0 0 Service Charges 522100 1937200 1937200 0 0 Other Income 522100 51416 51416 0 0 0 0 0 0 26802387 5377877 5377877 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Unrealized investment losses 523000 -393576 -393576 0 0 0 0 0 0 -393576 31786688 31786688 0 0 146210 3000 0 0 1350853 0 5783802 544141 2355180 549788 0 19680 67390 0 0 76272 643826 347853 1826442 2475266 0 521593 100581 0 20224 4317867 0 483295 120555 Provision for loan losses 1982838 ATM/Debit/Credit card expenses 2731118 NCUA assessment 1796343 Other expenses 736443 29000560 0 0 0 4325255 4693839 71269843 33203359 0 0 0 1822304 243747 288838 0 0 385707349 364575355 0 0 194094 179080 5190253 3916961 1535472 1273292 325637072 440238071 0 0 0 0 0 0 12386556 11360914 801299388 857635052 10793884 9301223 704162987 758662334 714956871 767963557 X 0 0 0 0 86342517 89671495 86342517 89671495 801299388 857635052 X 2786128 542850 X 0 1 1 X 0 0 0 0 0 0 0 0 0 1287127 603041 684086 0 3903126 3313920 589206 0 0 0 0 1273292 0 Member savings accounts 560889403 Member checking accounts 147064673 Member IRA accounts 50708258 758662334 31786688 29000560 2786128 0 0 0 0 0 0 2786128 31786688 0 0 0 0 0 31786688 0 0 0 31786688 29000560 0 0 0 0 0 29000560 0 0 0 29000560 0 PEMCO Foundation 325 Eastlake Ave E Seattle WA 98109 916072723 91395 Support the foundation funded by the Credit Union and a related company. 1 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 The Credit Union relies on the foundation management to properly monitor and evaluate donations. X X 1 1 X X X 0 0 0 Sandra M Kurack 452155 0 1980 0 12553 46899 29400 0 8405 0 504493 46899 0 0 Steve A Ricco 19121 363295 0 7500 0 1544 1650 27750 0 20173 20771 420262 0 0 Joann Blalock 188448 0 8524 0 85 0 23976 0 10989 0 232022 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Board members are allowed to take spouses on training seminars and other required business travel. The President has dues paid for a club that is used for official dinners and luncheons. Brian Benzel Auto X 40854 5469 0 1 1 William Bonaudi Auto X 94746 77766 0 1 1 Bradley Boydston Credit Card X 20000 38 0 1 1 Shirley Hodgson Credit Card X 20000 302 0 1 1 George Holmgren Boat X 85203 68293 0 1 1 Sandra Kurack Credit Card X 20000 18 0 1 1 Roger Reimer Credit Card X 20000 301 0 1 1 Richard Rutkowski Boat X 155000 136645 0 1 1 Richard Rutkowski Credit Card X 20000 6 0 1 1 288838 Jack Boydston Child of Employee 900 Scholarship Nikhil Das Child of employee 300 Scholarship Jade Hanson Child of employee 600 Scholarship Zachary Hanson Child of employee 900 Scholarship Angela Vasquez Child of employee 300 Scholarship F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 Credit Unions are organized as cooperatives and individuals become voting members when they join. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a The Board of Directors are elected by a vote of members at the annual meeting. F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b A vote of members is required for a merger, charter conversion or other significant matter. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Form 990 is presented to the Board of Directors prior to filing the return. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c A conflict of interest disclosure form must be signed annually by all Directors and Officers. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The salary for the CEO is determined by the compensation committee of the Board of Directors. Factors in determining compensation include industry comparisons, experience, performance and other factors. Salaries for other Officers are set by their supervisors based upon industry comparisons, experience , performance and other factors. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The Credit Union sends its members summary income statement and balance sheet data annually. Detailed information is available to the public on the NCUA website. The tax return, audited financial statements and other data is available upon request. F990_P11_S00_L05 Form 990, Part XI, Line 5 Other changes in fund balances were due to changes in market values of securities available for sale and a change in the recorded liability of post retirement benefit obligations. PEMCO Mutual Insurance Company 325 Eastlake Avenue East Seattle WA 98109 Property and Casualty Insurance WA N/A C 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 PEMCO Mutual Insurance Company j 475640 market value per square foot PEMCO Mutual Insurance Company o 300156 Reimbursement for invoices paid PEMCO Mutual Insurance Company n 379620 Pay for salaries based on percent usage PEMCO Mutual Insurance Company p 5797 Reimbursement for paid invoices