CREDIT UNIONS IN THE STATE OF WASHINGTON: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- CREDIT UNIONS IN THE STATE OF WASHINGTON (EIN 91-0683062)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-05-14
- IRS object ID
- 201221359349304802
- Schema version
- 2011v1.2
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-14T15:45:32-00:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | 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 | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 910683062 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WASHINGTON STATE EMPLOYEES CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WASH | NameControl |
| Phone | 3609437911 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX WSECU | AddressLine1 |
| City | OLYMPIA | City |
| State | WA | State |
| ZIP Code | 985070099 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KEVIN S FOSTER-KEDDIE | Name |
| Title | CEO | Title |
| Phone | 3609437911 | Phone |
| Date Signed | 2012-05-14 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | AUBREY CLEGG | Name |
| Phone | 3052328272 | Phone |
| Date Prepared | 2012-05-14 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | KEVIN FOSTER-KEDDIE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX WSECU | AddressLine1 |
| City | OLYMPIA | City |
| State | WA | State |
| ZIP Code | 985070099 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 150436985 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Group Exemption Number | 1269 | GroupExemptionNumber |
| Organization501c | X | Organization501c |
| Web Site | WWW.WSECU.ORG | WebSite |
| Type Of Organization Other | X | TypeOfOrganizationOther |
| Type Of Org Other Description | CREDIT UNION | TypeOfOrgOtherDescription |
| Year Formation | 1957 | YearFormation |
| State Legal Domicile | WA | StateLegalDomicile |
| Activity Or Mission Description | TO 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 Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 594 | TotalNbrEmployees |
| Total Nbr Volunteers | 12 | TotalNbrVolunteers |
| Total Gross UBI | 891009 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -630708 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 100468820 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 95110508 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 4586300 | InvestmentIncomePriorYear |
| Investment Income Current Year | 5878475 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 149821 | OtherRevenuePriorYear |
| Other Revenue Current Year | 146059 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 105204941 | TotalRevenuePriorYear |
| Total Revenue Current Year | 101135042 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 35037116 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 35896809 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 58478843 | OtherExpensePriorYear |
| Other Expenses Current Year | 54419104 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 93515959 | TotalExpensesPriorYear |
| Total Expenses Current Year | 90315913 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 11688982 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 10819129 | RevenuesLessExpensesCY |
| Total Assets BOY | 1546329476 | TotalAssetsBOY |
| Total Assets EOY | 1657596502 | TotalAssetsEOY |
| Total Liabilities BOY | 1387771995 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1486810241 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 158557481 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 170786261 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO 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 Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | SAVINGS 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 ACCROSS THE UNITED STATES. COMPLETE DETAILS AND CURRENT RATES ARE AVAILABLE ON OUR WEBSITE. | 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 | true | 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 | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | 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 | true | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 52250 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 594 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| 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 | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | true | LocalChapters |
| Policies Reference Chapters | true | PoliciesReferenceChapters |
| 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 | WASHINGTON STATE EMPLOYEES CREDIT U | NamePerson |
| Telephone Number | 3609437911 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX WSECU | AddressLine1 |
| City | OLYMPIA | City |
| State | WA | State |
| ZIP Code | 98507 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (24 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| FRED OLSON | ||||||||
| BOD/DIRECTOR | 001.00 | X | 0 | 0 | 0 | |||
| GINNY DALE | ||||||||
| BOD/DIRECOTR | 001.00 | X | 0 | 0 | 0 | |||
| CAROLE WASHBURN | ||||||||
| BOD/CHAIR | 001.00 | X | 0 | 0 | 0 | |||
| RITA KOONTZ | ||||||||
| BOD/SECRETARY | 001.00 | X | 0 | 0 | 0 | |||
| JOHN PITTMAN | ||||||||
| BOD/DIRECTOR | 001.00 | X | 0 | 0 | 0 | |||
| DOUG MAH | ||||||||
| BOD/DIRECTOR | 001.00 | X | 0 | 0 | 0 | |||
| MIKE STEVENSON | ||||||||
| BOD/DIRECTOR | 001.00 | X | 0 | 0 | 0 | |||
| TRACY GUERIN | ||||||||
| BOD/VICE CHAIR | 001.00 | X | 0 | 0 | 0 | |||
| JERRY HENDRICKS | ||||||||
| BOD/DIRECTOR | 001.00 | X | 0 | 0 | 0 | |||
| TOM WIELAND | ||||||||
| SUPERVISORY COMM./MEMBER | 001.00 | X | 0 | 0 | 0 | |||
| JEFF DOYLE | ||||||||
| SUPERVISORY COMM./MEMBER | 001.00 | X | 0 | 0 | 0 | |||
| SCOTT HENDERSON | ||||||||
| SUPERVISORY COMM./CHAIR | 001.00 | X | 0 | 0 | 0 | |||
| KEVIN S FOSTER-KEDDIE | ||||||||
| PRESIDENT/CEO | 040.00 | 637083 | 0 | 36186 | X | |||
| RANDY GUNDERSON | ||||||||
| SVP FINANCE | 040.00 | 235389 | 0 | 38416 | X | |||
| MARK ALLEN | ||||||||
| SVP MORTGAGE/INVEST./CEO OWF | 040.00 | 259797 | 0 | 39168 | X | |||
| LINDA HOLLEN | ||||||||
| EVP/COO | 040.00 | 309077 | 0 | 33226 | X | |||
| BENJAMIN MORALES | ||||||||
| SVP/CIO | 040.00 | 272608 | 0 | 39147 | X | |||
| GARY R SWINDLER | ||||||||
| SVP SERVICE DELIVERY | 040.00 | 210863 | 0 | 30998 | X | |||
| SHARON L WHITEHEAD | ||||||||
| SVP ADMIN/CAO | 040.00 | 230261 | 0 | 29401 | X | |||
| RICHARD LADD | ||||||||
| VP RESIDENTIAL COMM LENDING | 040.00 | 147116 | 0 | 30816 | X | |||
| CYNTHIA E SCHAUMBURG | ||||||||
| HOME LOAN CONSULTANT | 040.00 | 147551 | 0 | 28430 | X | |||
| SID SCHROADER | ||||||||
| FINANCIAL INVESTMENT REPRESENTATIVE | 040.00 | 150922 | 0 | 21752 | X | |||
| KEITH TROUP | ||||||||
| VP CHIEF LENDING OFFICER | 040.00 | 153365 | 0 | 20407 | X | |||
| WALTER CUNNINGHAM | ||||||||
| VP E-SERVICES CONTACT CENTER | 040.00 | 144763 | 0 | 30589 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2898795 | TotalReportableCompFromOrg |
| Total Other Compensation | 378536 | TotalOtherCompensation |
| Number Individuals GT100 K | 12 | 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 |
|---|---|---|---|---|---|
| THURSTON COUNTY TREASURER | |||||
| 2000 LAKE RIDGE DRIVE SW | OLYMPIA | WA | 98502 | MORTGAGE LOAN RELATED | 6512301 |
| NATIONAL CREDIT UNION ADMINISTRATION | |||||
| PO BOX 979069 | ST LOUIS | MO | 63197 | INSURANCE | 4035379 |
| REGENCE WASHINGTON HEALTH | |||||
| PO BOX 21267 | SEATTLE | WA | 981113267 | EMPLOYEE BENEFITS | 2865170 |
| CONSUMER BENEFIT SERVICES | |||||
| 1620 BOND STREET | NAPERVILLE | IL | 60563 | VISA REWARDS PROGRAM | 2315027 |
| KAYE SMITH | |||||
| PO BOX 956 | RENTON | WA | 980570956 | STATEMENT/FORMS-PRINTER AND MAILER | 2120249 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 92 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| INTEREST ON LOANS TO MEMBERS | 522100 | 58815418 | 58815418 | |
| SERVICE FEES/CHARGES | 522100 | 30771225 | 29880216 | 891009 |
| MORTGAGE LENDING | 522100 | 5523865 | 5523865 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 95110508 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5689157 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5689157 | RelatedOrExemptFunctionIncome |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 234685 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 103985 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 130700 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 130700 | TotalRevenueColumn |
| Related Or Exempt Function Income | 130700 | RelatedOrExemptFunctionIncome |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 46618857 | Securities |
| Other | 2768419 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 46045755 | Securities |
| Other | 3152203 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 573102 | Securities |
| Other | -383784 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 189318 | TotalRevenueColumn |
| Related Or Exempt Function Income | 189318 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER INCOME | Description |
| Business Code | 522100 | BusinessCode |
| Total Revenue Column | 15359 | TotalRevenueColumn |
| Related Or Exempt Function Income | 15359 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 15359 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 101135042 | TotalRevenueColumn |
| Related Or Exempt Function Income | 100244033 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 891009 | UnrelatedBusinessRevenue |
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 | 3277331 | Total |
| Program Services | 3277331 | 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 | 22547721 | Total |
| Program Services | 22547721 | ProgramServices |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2064176 | Total |
| Program Services | 2064176 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5770188 | Total |
| Program Services | 5770188 | ProgramServices |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2237393 | Total |
| Program Services | 2237393 | 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 | 133230 | Total |
| Program Services | 133230 | ProgramServices |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 103343 | Total |
| Program Services | 103343 | 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 | 2436174 | Total |
| Program Services | 2436174 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1273399 | Total |
| Program Services | 1273399 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5057389 | Total |
| Program Services | 5057389 | ProgramServices |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1865159 | Total |
| Program Services | 1865159 | ProgramServices |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3633028 | Total |
| Program Services | 3633028 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 222929 | Total |
| Program Services | 222929 | 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 | 339394 | Total |
| Program Services | 339394 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7400338 | Total |
| Program Services | 7400338 | ProgramServices |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5350990 | Total |
| Program Services | 5350990 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 379547 | Total |
| Program Services | 379547 | ProgramServices |
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | SEE SCHEDULE ATTACHED | Description |
| Total | 26224184 | Total |
| Program Services | 26224184 | 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 | 90315913 | Total |
| Program Services | 90315913 | ProgramServices |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16098601 | BOY |
| EOY | 17640527 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7431444 | BOY |
| EOY | 15614108 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4655412 | BOY |
| EOY | 4906489 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 902620217 | BOY |
| EOY | 951614709 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12112832 | BOY |
| EOY | 12580819 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 111535884 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 36203996 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 76879166 | BOY |
| EOY | 75331888 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 226382817 | BOY |
| EOY | 332716476 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 284862298 | BOY |
| EOY | 230218337 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15286689 | BOY |
| EOY | 16973149 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1546329476 | BOY |
| EOY | 1657596502 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16962108 | BOY |
| EOY | 30836459 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1370809887 | BOY |
| EOY | 1455973782 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1387771995 | BOY |
| EOY | 1486810241 | 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 | 158557481 | BOY |
| EOY | 170786261 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 158557481 | BOY |
| EOY | 170786261 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1546329476 | BOY |
| EOY | 1657596502 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 10819129 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 1409651 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Included On FS | false | IncludedOnFS |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 10175142 | OtherCostOrOtherBasis |
| Book Value | 10175142 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 68202703 | OtherCostOrOtherBasis |
| Depreciation | 11027759 | Depreciation |
| Book Value | 57174944 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6298339 | OtherCostOrOtherBasis |
| Depreciation | 4903935 | Depreciation |
| Book Value | 1394404 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 26565617 | OtherCostOrOtherBasis |
| Depreciation | 19978219 | Depreciation |
| Book Value | 6587398 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 294083 | OtherCostOrOtherBasis |
| Depreciation | 294083 | Depreciation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 75331888 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| HELD TO MATURITY SECURITIES | 100000 | F |
| OTHER | 230118337 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 230218337 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| SHARE DRAFT ACCOUNTS | $273,683,842 |
| SHARE ACCOUNTS | $576,647,330 |
| MONEY MARKET ACCOUNTS | $195,977,822 |
| IRA SHARE ACCOUNTS | $22,244,396 |
| SHARE AND IRA CERTIFICATES | $387,420,392 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1455973782 | TotalOfAmounts |
| Total Revenue | 101135042 | TotalRevenue |
| Total Expenses | 90315913 | TotalExpenses |
| Excess Or Deficit For Year | 10819129 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 1206247 | NetUnrealizedGLOnInvestments |
| Other | $203,404 | OtherAmount |
| Total Adjustments | 1409651 | TotalAdjustments |
| Excess Or Deficit Per FS | 12228780 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 101253754 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | -188677 | OtherRevenues |
| Revenue Not Rptd F990 | -188677 | RevenueNotRptdF990 |
| Revenue Subtotal | 101442431 | RevenueSubtotal |
| Other Revenues Not Included | -307389 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -307389 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 101135042 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 90231221 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 103985 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 103985 | ExpensesNotRptdF990 |
| Expenses Subtotal | 90127236 | ExpensesSubtotal |
| Other Expenses Not Included | 188677 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 188677 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 90315913 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| X | 2 | FASB ASC 740-10-25 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. MANAGEMENT HAS ASSESSED THE CREDIT UNIONS ACTIVITIES AND ANY POTENTIAL FEDERAL |
| X | 2 continued... | 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 2010, 2009, AND 2008 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. |
| XI | 8 | 203,405 LOSS ON TRADING SECURITIES |
| XII | 2D | 188,677 LOSSES DUE TO DISPOSITION NON-SALE OF PROPERTY AND EQUIPMENT AND OREO WRITE DOWNS. |
| XII | 4B | 307,389 203,404 GAIN ON TRADING SECURITIES 103,985 RENTAL EXPENSES |
| XIII | 2D | 103,985 RENTAL EXPENSES |
| XIII | 4B | 188,677 LOSSES DUE TO DISPOSITION NON-SALE OF PROPERTY AND EQUIPMENT AND OREO WRITE DOWNS |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| 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 (12 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Bonus Filing OrgBonusFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg |
|---|---|---|---|---|---|
| KEVIN S FOSTER-KEDDIE | |||||
| 469764 | 113674 | 53645 | 20825 | 15361 | 673269 |
| RANDY GUNDERSON | |||||
| 184184 | 50608 | 597 | 20093 | 18323 | 273805 |
| MARK ALLEN | |||||
| 192624 | 66048 | 1125 | 20825 | 18343 | 298965 |
| LINDA HOLLEN | |||||
| 226189 | 79024 | 3864 | 20825 | 12401 | 342303 |
| BENJAMIN MORALES | |||||
| 199764 | 72107 | 737 | 20825 | 18322 | 311755 |
| GARY R SWINDLER | |||||
| 155221 | 54874 | 768 | 17973 | 13025 | 241861 |
| SHARON L WHITEHEAD | |||||
| 170188 | 59505 | 568 | 19988 | 9413 | 259662 |
| RICHARD LADD | |||||
| 124884 | 21630 | 602 | 12474 | 18342 | 177932 |
| CYNTHIA E SCHAUMBURG | |||||
| 29982 | 117569 | 12567 | 15863 | 175981 | |
| SID SCHROADER | |||||
| 23102 | 127820 | 12840 | 8912 | 172674 | |
| KEITH TROUP | |||||
| 129315 | 23904 | 146 | 13106 | 7301 | 173772 |
| WALTER CUNNINGHAM | |||||
| 116136 | 21235 | 7392 | 12299 | 18290 | 175352 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| I | 1a | Included in the CEOs taxable income is a stipend intended to pay health club dues however, he is not required to use the stipend for its intended purpose. |
| I | 1a | The Credit Unions CEO, Kevin Foster-Keddie, is extremely tall. Certain airlines dont provide enough leg room for Mr. Foster-Keddie to sit comfortably. Therefore, the Credit Union will occassionally, depending on the airline, purchase a first class ticket for him. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Form 990 Part VI | 6 | THE 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 VI | 7A | MEMBERS 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 VI | 7B | MEMBERS 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 VI | 11B | WSECU 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 VI | 12C | WE 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 VI | 15B | WSECU 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 VI | 19 | GOVERNING 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 XI | 5 | 1,616,607 UNREALIZED HOLDING GAINS ON AVAILABLE-FOR-SALE INVESTMENTS 410,360 RECLASSIFICATION ADJUSTMENTS FOR GAINS INCLUDED IN NET INCOME ON SALE OF AVAILABLE-FOR-SALE SECURITIES 203,404 MARKET VALUE ADJUSTMENT ON TRADING SECURITIES. |
| Form 990 Part VI Section A Line 6 THE 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 VI Section A Line 7A MEMBERS 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 VI Section A Line 7B MEMBERS 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 VI Section B Line 11B WSECU 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 VI Section B Line 12C WE 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 VI Section B Line 15B WSECU 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 VI Section C Line 19 GOVERNING 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 XI Line 5 1,616,607 UNREALIZED HOLDING GAINS ON AVAILABLE-FOR-SALE INVESTMENTS 410,360 RECLASSIFICATION ADJUSTMENTS FOR GAINS INCLUDED IN NET INCOME ON SALE OF AVAILABLE-FOR-SALE SECURITIES 203,404 MARKET VALUE ADJUSTMENT ON TRADING SECURITIES. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ONE WASHINGTON FINANCIAL LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX WSECU | AddressLine1 |
| City | OLYMPIA | City |
| State | WA | State |
| ZIP Code | 98507 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 753134955 | EIN |
| Primary Activities | LOAN SERVICING | PrimaryActivities |
| Legal Domicile State | WA | LegalDomicileState |
| Total Income | 2626520 | TotalIncome |
| EOY Assets | 7630747 | EOYAssets |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |