KITSAP CREDIT UNION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- KITSAP CREDIT UNION (EIN 91-0333066)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-05-10
- IRS object ID
- 201231319349301473
- 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 | 2012-05-10T09:56:00-08:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 910333066 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KITSAP CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | KITS | NameControl |
| Phone | 3606622000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 990 | AddressLine1 |
| City | BREMERTON | City |
| State | WA | State |
| ZIP Code | 98337 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SCOTT HENDERSON | Name |
| Title | SVPCFO | Title |
| Phone | 3606622000 | Phone |
| Date Signed | 2012-05-07 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KITSAP CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | SCOTT HENDERSON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 990 | AddressLine1 |
| City | BREMERTON | City |
| State | WA | State |
| ZIP Code | 98337 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 87259646 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| All Affiliates Included | true | AllAffiliatesIncluded |
| Organization501c | X | Organization501c |
| Web Site | WWW.KITSAPCU.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Type Of Org Other Description | CREDIT UNION | TypeOfOrgOtherDescription |
| Year Formation | 1934 | YearFormation |
| State Legal Domicile | WA | StateLegalDomicile |
| Activity Or Mission Description | A NOT-FOR-PROFIT FINANCIAL COOPERATIVE OFFERING CHECKING & SAVINGS PROGRAMS LENDING & RELATED SVCS TO MBRS WHO LIVE WORK OR WORSHIP IN WA STATE. PROV IDES FINANCIAL LITERARY PROGRAMS & INVOLVED IN COMMUNITY OUTREACH PROGRAMS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 383 | TotalNbrEmployees |
| Total Nbr Volunteers | 12 | TotalNbrVolunteers |
| Total Gross UBI | 803290 | TotalGrossUBI |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 52545290 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 48012391 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2393434 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3206234 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 254853 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 54938724 | TotalRevenuePriorYear |
| Total Revenue Current Year | 51473478 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 16416233 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 15900900 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 45855267 | OtherExpensePriorYear |
| Other Expenses Current Year | 29016820 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 62271500 | TotalExpensesPriorYear |
| Total Expenses Current Year | 44917720 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -7332776 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 6555758 | RevenuesLessExpensesCY |
| Total Assets BOY | 832358741 | TotalAssetsBOY |
| Total Assets EOY | 862486634 | TotalAssetsEOY |
| Total Liabilities BOY | 762726245 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 783029852 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 69632496 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 79456782 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO OFFER CHECKING SAVINGS AND LENDING PROGRAMS TO MEMBERS WHO LIVE WORK AND WORSHIP IN THE STATE OF WASHINGTON. KCU ALSO PROVIDES FINANCIAL LITERARY PROGRAMS AND IS ACTIVELY INVOLVED IN COMMUNITY OUTREACH PROGRAMS. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | SECURED AND UNSECURED LOANS ISSUED TO CREDIT UNION MEMBERS AS RELATED TO THE EXEMPT PURPOSE OF KCU. THE TYPES OF LOANS ISSUED INCLUDE DIRECT AND INDIRECT VEHICLE LOANS VISA'S HOME EQUITY LOANS AND MORTGAGE LOANS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | SAVINGS PROGRAMS THAT ARE PROVIDED TO CREDIT UNION MEMBERS AS RELATED TO THE EXEMPT PURPOSE OF KCU. THE TYPES OF ACCOUNTS OFFERED ARE CHECKING MONEY MARKET ACCOUNTS IRA ACCOUNTS REGULAR SAVINGS AND CERTIFICATES. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | COMMUNITY OUTREACH BRANCHES OFFERED IN HIGH SCHOOLS. COMMUNITY INVOLVEMENT INCLUDING DONATION OF STAFF TIME IN THE COMMUNITY. KCU ALSO OFFERS MANY FINANCIAL LITERACY CLASSES FOR CHILDREN AND ADULTS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | 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 |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Loan To Officer Or DQP | true | 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 |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 2 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 383 | 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 |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| 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 |
| States Where Copy Of Return Is Filed | WA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | SCOTT HENDERSON | NamePerson |
| Telephone Number | 3606622000 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 155 WASHINGTON AVE | AddressLine1 |
| City | BREMERTON | City |
| State | WA | State |
| ZIP Code | 98337 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (24 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee | Individual Trustee Or DirectorIndividualTrusteeOrDirector |
|---|---|---|---|---|---|---|---|
| GREGG ELLIOT | |||||||
| PRESIDENTCEO | 40 | X | 649057 | 0 | 40798 | ||
| HENDERSON SCOTT | |||||||
| SVPCFO | 40 | X | 176732 | 0 | 37711 | ||
| LETEXIER KELLIE | |||||||
| SVPCOO | 40 | X | 149887 | 0 | 23734 | ||
| HALL GEORGE | |||||||
| SVPCLO | 40 | X | 151846 | 0 | 20524 | ||
| MORRISON COLIN | |||||||
| SVPCIO | 40 | X | 143319 | 0 | 21634 | ||
| YOUNG CAROLYN | |||||||
| VP OPERATIONS | 119183 | 0 | 11938 | X | |||
| HUGHES JEANETTE | |||||||
| VP DEALER FINANCE | 40 | 107814 | 0 | 9432 | X | ||
| RANSIER DONNA | |||||||
| VP TECHNOLOGY & PLANNING | 40 | 107486 | 0 | 9467 | X | ||
| HUCK DAVID | |||||||
| VP COMMERCIAL LENDING | 40 | 119021 | 0 | 11956 | X | ||
| WEAVER KEN | |||||||
| LOAN OFFICER | 40 | 100483 | 0 | 11336 | X | ||
| JOHNSON WENDIE | |||||||
| DIRECTOR CHAIR | 8 | 0 | 0 | 0 | X | ||
| RUMBOLD WILLIAM | |||||||
| DIRECTOR VICE CHAIR | 8 | 0 | 0 | 0 | X | ||
| THOMAS TERRENCE | |||||||
| DIRECTOR TREASURER | 5 | 0 | 0 | 0 | X | ||
| ROWSON JAMES | |||||||
| DIRECTOR SECRETARY | 5 | 0 | 0 | 0 | X | ||
| ADDY MARY LOU | |||||||
| DIRECTOR | 5 | 0 | 0 | 0 | X | ||
| ALLBEE DEBRA | |||||||
| DIRECTOR | 5 | 0 | 0 | 0 | X | ||
| ANDERSON DAVE | |||||||
| DIRECTOR | 5 | 0 | 0 | 0 | X | ||
| MAXON CAROLYN | |||||||
| DIRECTOR | 5 | 0 | 0 | 0 | X | ||
| SLACH HAROLD | |||||||
| DIRECTOR | 5 | 0 | 0 | 0 | X | ||
| MAIERS WILLIAM | |||||||
| CHAIR SUPERVISORY COMMITTEE | 1 | 0 | 0 | 0 | X | ||
| STRICKLAND RALPH | |||||||
| DIRECTOR | 1 | 0 | 0 | 0 | X | ||
| BAILEY WILLIAM | |||||||
| CHAIR SUPERVISORY COMMITTEE | 5 | 0 | 0 | 0 | X | ||
| DIBERT PATRICIA | |||||||
| SECRETARY SUPERVISORY COMMITTEE | 5 | 0 | 0 | 0 | X | ||
| ROSS LANNY | |||||||
| SUPERVISORY COMMITTEE | 5 | 0 | 0 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1824828 | TotalReportableCompFromOrg |
| Total Other Compensation | 198530 | TotalOtherCompensation |
| Number Individuals GT100 K | 10 | NumberIndividualsGT100K |
| Formers Listed | true | 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 | Address Line2AddressOfContractor/AddressUS/AddressLine2 |
|---|---|---|---|---|---|---|
| DIGITAL INSIGHT | ||||||
| PO BOX 515306 | LOS ANGELES | CA | 90051 | BILL PAY SERVICE | 907953 | |
| VISA DPS | ||||||
| FILE NO 73583 | SAN FRANCISCO | CA | 94160 | PLASTIC CARD DATA PROC. | 744849 | PO BOX 6000 |
| DIEBOLD INCORPORATED | ||||||
| PO BOX 64353 | PITTSBURGH | PA | 15264 | ATM-SECURITY EQUIPMENT SERVICES | 426722 | |
| SPRAGUE ISRAEL GILES | ||||||
| 2000 CENTURY SQ | SEATTLE | WA | 98101 | ATTORNEY SERVICES | 464510 | 1501 4TH AVE |
| ALLCARE JANITORIAL SVC | ||||||
| PO BOX 785 | BELFAIR | WA | 98528 | JANITORIAL SERVICES | 425068 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 13 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| INTEREST ON LOANS | 522130 | 35820360 | 35820360 | |
| FEE INCOME | 522130 | 5760787 | 5760787 | |
| OTHER INCOME | 522130 | 2414507 | 1697691 | 716816 |
| DEBIT CARD INTERCHANGE | 522130 | 4016737 | 4016737 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 48012391 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3013853 | TotalRevenueColumn |
| Exclusion | $3,013,853 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 33683554 | Securities |
| Other | 2549848 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 33491173 | Securities |
| Other | 2294995 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 192381 | Securities |
| Other | 254853 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 447234 | TotalRevenueColumn |
| Related Or Exempt Function Income | 254853 | RelatedOrExemptFunctionIncome |
| Exclusion | $447,234 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 51473478 | TotalRevenueColumn |
| Related Or Exempt Function Income | 47550428 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 716816 | UnrelatedBusinessRevenue |
| Exclusion | $3,461,087 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2023358 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10437659 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 403537 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1905945 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1130401 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54468 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31217 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 110889 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 703986 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 899911 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4009591 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2705835 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2660768 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 143041 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4841326 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 963640 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 299039 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| TOTAL PROVISION | 6935284 |
| LOAN EXPENSES | 1008505 |
| MISCELLANEOUS | 3624823 |
| IMPAIRED INVESTMENT LOSSES | 24496 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44917719 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12689937 | BOY |
| EOY | 14096014 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19687318 | BOY |
| EOY | 16767374 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 646366196 | BOY |
| EOY | 580500953 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1502364 | BOY |
| EOY | 2337619 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 49656820 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 14869797 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35013876 | BOY |
| EOY | 34787023 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 111729192 | BOY |
| EOY | 206074860 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5369858 | BOY |
| EOY | 7922791 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 832358741 | BOY |
| EOY | 862486634 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28606999 | BOY |
| EOY | 31306535 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 60242 | BOY |
| EOY | 109280 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 734059004 | BOY |
| EOY | 751614037 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 762726245 | BOY |
| EOY | 783029852 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 69632496 | BOY |
| EOY | 79456782 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 69632496 | BOY |
| EOY | 79456782 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 832358741 | BOY |
| EOY | 862486634 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 6555758 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 3268528 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
| Federal Grant Audit Performed | false | FederalGrantAuditPerformed |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 6773617 | InvestmentCostOrOtherBasis |
| Book Value | 6773617 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 29540231 | InvestmentCostOrOtherBasis |
| Depreciation | 3914963 | Depreciation |
| Book Value | 25625268 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 4859375 | InvestmentCostOrOtherBasis |
| Depreciation | 4479530 | Depreciation |
| Book Value | 379845 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 8483597 | InvestmentCostOrOtherBasis |
| Depreciation | 6475304 | Depreciation |
| Book Value | 2008293 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 34787023 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| NCUA SHARE INSURANCE DEPOSIT | 7248408 | F |
| FEDERAL AGENCY SECURITIES | 115061763 | F |
| FHLB STOCK | 2605400 | F |
| OVERNIGHT INVESTMENTS | 79849360 | F |
| OTHER INVESTMENTS | 1309929 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 206074860 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (7 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| SHARES | $236,153,323 |
| CHECKING | $142,699,770 |
| MONEY MARKET | $140,319,524 |
| ESCROW SHARES | $616,433 |
| IRA SHARES | $16,405,216 |
| SHARE CERTIFICATES | $190,483,055 |
| IRA SHARE CERTIFICATES | $24,936,716 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 751614037 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT CPA FIRM FOR THE PERIOD OF OCTOBER 2010 THROUGH SEPTEMBER 2011. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
| Rebuttable Presumption Procedure | false | RebuttablePresumptionProcedure |
Form990 Schedule J Part II Form990ScheduleJPartII (10 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Bonus Filing OrgBonusFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg |
|---|---|---|---|---|---|---|
| GREGG ELLIOT | ||||||
| 344342 | 64539 | 222676 | 26300 | 14498 | 672355 | 643427 |
| HENDERSON SCOTT | ||||||
| 174583 | 2149 | 23213 | 14498 | 214443 | 188098 | |
| LETEXIER KELLIE | ||||||
| 149502 | 385 | 5980 | 17754 | 173621 | 151936 | |
| MORRISON COLIN | ||||||
| 142725 | 594 | 7136 | 14498 | 164953 | 150595 | |
| HALL GEORGE | ||||||
| 150646 | 1200 | 6026 | 14498 | 172370 | 166962 | |
| YOUNG CAROLYN | ||||||
| 118393 | 790 | 4736 | 7202 | 131121 | 124746 | |
| HUGHES JEANETTE | ||||||
| 107396 | 418 | 4254 | 5178 | 117246 | ||
| RANSIER DONNA | ||||||
| 107214 | 272 | 4289 | 5178 | 116953 | ||
| HUCK DAVID | ||||||
| 105243 | 13601 | 177 | 4754 | 7202 | 130977 | |
| WEAVER KEN | ||||||
| 38479 | 64863 | 141 | 4134 | 7202 | 114819 | |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | SEE SCHEDULE O | NamePerson |
| Loan From Organization | X | LoanFromOrganization |
| Default | false | Default |
| Approved By Board | false | ApprovedByBoard |
| Written Agreement | false | WrittenAgreement |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | FORM 990 PART VI SECTION A LINE 6 KITSAP CREDIT UNION HAD 83507 MEMBERS AS OF DECEMBER 31 2011. FORM 990 PART VI SECTION A LINE 7A MEMBERS ELECT ALL DIRECTORS FOR A 3-YEAR TERM. THEY CAN RUN FOR RE-ELECTION. BALLOTS ARE MAILED TO ALL MEMBERS DURING THE 1ST QUARTER EACH YEAR. FORM 990 PART VI SECTION A LINE 8A KCU RECORDS MEETING MINUTES FOR ALL COMMITTEE MEETINGS. FORM 990 PART VI SECTION B LINE 11B THE ACCOUNTING MANAGER ACCOUNTING SUPERVISOR AND SVPCFO REVIEW THE RETURN FOR ACCURACY. FORM 990 PART VI SECTION B LINE 12C THE CODE OF CONDUCTCONFLICT INTEREST POLICY IS REQUIRED TO BE REVIEWED AND SIGNED (WITH OR WITHOUT DISCLOSURES) OR ACKNOWLEDGED (BY ELECTRONIC SIGNATURE) UPONHIRE FOR NEW EMPLOYEES AND ANNUALLY THEREAFTER FOR ALL STAFF OFFICIALS AND DIRECTORS. ACKNOWLEDGEMENTS RECEIVED FROM INDIVIDUALS WHO DISCLOSE A POTENTIAL CONFLICT ARE FORWARDED TO THE CEO OR CFO FOR REVIEW AND APPROVAL. FORM 990 PART VI SECTION B LINE 15ALINE 15B KITSAP CREDIT UNION USES AN OUTSIDE COMPENSATION CONSULTANT (ONE FOR STAFF AND ANOTHER FOR EXECUTIVE COMPENSATION) TO DETERMINE MARKET RANGES FOR PAY FOR ALL POSITIONS. THE HUMAN RESOURCES DEPT. WORKS WITH THE CONSULTANTS TO ENSURE PAY RANGES ARE COMPETITIVE AND WITHIN THE MARKET. ACTUAL INDIVIDUAL PAY FOR THE CEO IS DETERMINED BY THE BOARD OF DIRECTORS. PAY FOR OFFICERS IS DETERMINED BY THE CEO. FORM 990 PART VI SECTION C LINE 19 KITSAP CREDIT UNION MAKES THE MONTHLY FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY POSTING THEM IN EACH BRANCH. GOVERNING DOCUMENTS SUCH AS ARTICLES OF INCORPORATION ARE AVAILABLE UPON REQUEST. CONFLICT OF INTEREST POLICIES ARE NOT MADE PUBLIC. FORM 990 PART XI LINE 5 CHANGES IN NET ASSETS OF 3268528 IS THE DIFFERENCE IN THE FASB 115 INVESTMENT MARKET VALUATION FOR DECEMBER 2010 (164397) AND 2011 3104130. FORM 990 SCHEDULE L PART II LOANS TO INTERESTED PERSONS ARE NOT LISTED. PER INSTRUCTIONS THESE LOANS ARE NOT LISTED BECAUSE THE LOANS ARE ON THE SAME TERMS AS OFFERED TO OTHER MEMBERS OF THE CREDIT UNION. | Explanation |