PREVAIL CREDIT UNION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: PREVAIL CREDIT UNION (EIN 91-0556703)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-07-24
IRS object ID: 201242069349300434
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
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-07-24T18:16:22-00:00	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	910556703	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	PREVAIL CREDIT UNION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	PREV	NameControl
Phone	2063821888	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	801 SECOND AVENUE Room No 100	AddressLine1
City	SEATTLE	City
State	WA	State
ZIP Code	981041510	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Tom Graves	Name
Title	PresidentCEO	Title
Phone	2063821888	Phone
Date Signed	2012-07-24	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DOUGLAS ORTH	Name
Phone	3052328272	Phone
Date Prepared	2012-07-24	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	TOM GRAVES	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	801 2ND AVENUE SUITE 100	AddressLine1
City	SEATTLE	City
State	WA	State
ZIP Code	98104	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	63422824	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Group Exemption Number	1269	GroupExemptionNumber
Organization501c	X	Organization501c
Web Site	www.prevailcu.com	WebSite
Type Of Organization Other	X	TypeOfOrganizationOther
Type Of Org Other Description	CREDIT UNION	TypeOfOrgOtherDescription
Year Formation	1940	YearFormation
State Legal Domicile	WA	StateLegalDomicile
Activity Or Mission Description	TO ENHANCE THE QUALITY OF OUR MEMBERS LIVES WITH OUTSTANDING SERVICE.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	7	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	7	NbrIndependentVotingMembers
Total Nbr Employees	68	TotalNbrEmployees
Total Nbr Volunteers	9	TotalNbrVolunteers
Total Gross UBI	29018	TotalGrossUBI
Net Unrelated Business Txbl Income	-55174	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	12026492	ProgramServiceRevenuePriorYear
Program Service Revenue CY	10925428	ProgramServiceRevenueCY
Investment Income Prior Year	2197612	InvestmentIncomePriorYear
Investment Income Current Year	1422557	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	14224104	TotalRevenuePriorYear
Total Revenue Current Year	12347985	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	4175951	SalariesEtcPriorYear
Salaries Etc Current Year	4014620	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	9737839	OtherExpensePriorYear
Other Expenses Current Year	7382357	OtherExpensesCurrentYear
Total Expenses Prior Year	13913790	TotalExpensesPriorYear
Total Expenses Current Year	11396977	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	310314	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	951008	RevenuesLessExpensesCY
Total Assets BOY	233522431	TotalAssetsBOY
Total Assets EOY	235345548	TotalAssetsEOY
Total Liabilities BOY	215522648	TotalLiabilitiesBOY
Total Liabilities EOY	215908624	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	17999783	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	19436924	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	TO ENHANCE THE QUALITY OF OUR MEMBERS LIVES WITH OUTSTANDING SERVICE.	MissionDescription
Significant New Program Services	true	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	PREVAIL CREDIT UNION SERVICES KING COUNTY GOVERNMENT EMPLOYEES, A WIDE ARRAY OF SEGS AS WELL AS COMMUNITIES WITHIN THE STATE OF WASHINGTON, AND OFFERS A WIDE ARRAY OF PRODUCTS AND SERVICES INCLUDING DEPOSITARY, LOAN PRODUCTS, AND AN ATM/DEBIT PROGRAM. WE ENDED THE YEAR WITH 19,280 MEMBERS, WITH 19,280 SHARE ACCOUNTS AND 11,073 IN OUTSTANDING LOAN ACCOUNTS.	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
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	4071	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	68	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	7	NbrVotingGoverningBodyMembers
Number Independent Voting Members	7	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	false	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	false	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	TOM GRAVES	NamePerson
Telephone Number	8002486928	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	801 SECOND AVENUE SUITE 100	AddressLine1
City	SEATTLE	City
State	WA	State
ZIP Code	98104	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (12 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
THOMAS GRAVES
CEO	040.00	X	213373	0	70822
LAURIE LENO
CFO	040.00	X	71714	0	14266
ROXANNE LAW
COO	040.00		106023	0	23048	X
PHIL POEHLER
CLO	040.00		119328	0	32533	X
JAMES BUCK
BOD CHAIRMAN	001.00		0	0	0		X
LINDA NELSEN
BOD MEMBER	001.00		0	0	0		X
DENNIS BARNES
BOD V.CHAIR	001.00		0	0	0		X
LUDMILA FABER
BOD SECRETARY	001.00		0	0	0		X
NIGEL LEWIS
BOD MEMBER	001.00		0	0	0		X
MICHAEL GEDEON
BOD MEMBER	001.00		0	0	0		X
THOMAS DEMPSEY
BOD MEMBER	001.00		0	0	0		X
FOREST HAYES
CFO	040.00	X	44827	0	3445

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	555265	TotalReportableCompFromOrg
Total Other Compensation	144114	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
KPS
PO BOX 339	BREMERTON	WA	98337	MEDICAL PREMIUMS	258621
NW BUILDING LLC
801 2ND AVENUE SUITE 1300	SEATTLE	WA	98104	MANAGEMENT COMPANY	310481
PSCUFS
2411 W PEORIA AVE SUITE 300	PHOENIX	AZ	85029	VISA CREDIT CARD PROCESSOR	287548
CIGNA
900 COTTAGE GROVE	BLOOMFIELD	CT	06002	MEDICAL/VISION COVERAGE	284820
NCUSIF
1775 DUKE STREET	ALEXANDRIA	VA	22314	PREMIUM ASSESSMENT	520930

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	6	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
INCOME ON LOANS	522100	7997867	7997867
FEES AND CHARGES	522100	2898543	2898543
UNRELATED BUSINESS INCOME	900099	29018		29018

Field	Value	IRS element (for citing)
Total Program Service Revenue	10925428	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	1266954	TotalRevenueColumn
Related Or Exempt Function Income	1266954	RelatedOrExemptFunctionIncome

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	35982582	Securities
Other	15247860	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	35923888	Securities
Other	15150951	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	58694	Securities
Other	96909	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	155603	TotalRevenueColumn
Related Or Exempt Function Income	155603	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	12347985	TotalRevenueColumn
Related Or Exempt Function Income	12318967	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	29018	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	418447	Total
Program Services	418447	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	2459404	Total
Program Services	2459404	ProgramServices

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	61301	Total
Program Services	61301	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	837741	Total
Program Services	837741	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	237727	Total
Program Services	237727	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	20322	Total
Program Services	20322	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	84808	Total
Program Services	84808	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	356253	Total
Program Services	356253	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	362373	Total
Program Services	362373	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	611836	Total
Program Services	611836	ProgramServices

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	283278	Total
Program Services	283278	ProgramServices

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	537915	Total
Program Services	537915	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	0	Total

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	79168	Total
Program Services	79168	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	1419765	Total
Program Services	1419765	ProgramServices

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	38487	Total
Program Services	38487	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	248755	Total
Program Services	248755	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	63075	Total
Program Services	63075	ProgramServices

Other Expenses OtherExpenses

Field	Value	IRS element (for citing)
Description	SEE ATTACHED SCHEDULE	Description
Total	3276322	Total
Program Services	3276322	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	11396977	Total
Program Services	11396977	ProgramServices

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	5017868	BOY
EOY	19621797	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	19005009	BOY
EOY	678058	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	1265391	BOY
EOY	807918	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	130001581	BOY
EOY	131567467	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	263010	BOY
EOY	305055	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	9508323	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	3826588	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	5643488	BOY
EOY	5681735	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	68003400	BOY
EOY	72948854	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
BOY	77136	BOY
EOY	44340	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	4245548	BOY
EOY	3690324	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	233522431	BOY
EOY	235345548	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	1318486	BOY
EOY	1331102	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	214204162	BOY
EOY	214577522	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	215522648	BOY
EOY	215908624	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	17999783	BOY
EOY	19436924	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	17999783	BOY
EOY	19436924	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	233522431	BOY
EOY	235345548	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	951008	ReconcilationRevenueExpenses
Reconcilation Other Changes	486133	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
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	2347261	OtherCostOrOtherBasis
Book Value	2347261	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	4562023	OtherCostOrOtherBasis
Depreciation	1638064	Depreciation
Book Value	2923959	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	2599039	OtherCostOrOtherBasis
Depreciation	2188524	Depreciation
Book Value	410515	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	5681735	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (4 entries)

DescriptionDescription	AmountAmount
SHARE DRAFTS ACCOUNTS	$29,365,215
SHARE ACCOUNTS	$39,113,812
MONEY MARKET ACCOUNTS	$68,574,988
SHARE AND IRA CERTIFICATES	$77,523,507

Field	Value	IRS element (for citing)
Total Of Amounts	214577522	TotalOfAmounts
Total Revenue	12347985	TotalRevenue
Total Expenses	11396977	TotalExpenses
Excess Or Deficit For Year	951008	ExcessOrDeficitForYear
Net Unrealized GL On Investments	529180	NetUnrealizedGLOnInvestments
Other	-$43,047	OtherAmount
Total Adjustments	486133	TotalAdjustments
Excess Or Deficit Per FS	1437141	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	12452985	TotRevenueEtcAuditedFinclStmt
Other Revenues	-9666	OtherRevenues
Revenue Not Rptd F990	-9666	RevenueNotRptdF990
Revenue Subtotal	12462651	RevenueSubtotal
Other Revenues Not Included	-114666	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	-114666	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	12347985	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	11501977	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	114666	OtherExpensesIncluded
Expenses Not Rptd F990	114666	ExpensesNotRptdF990
Expenses Subtotal	11387311	ExpensesSubtotal
Other Expenses Not Included	9666	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	9666	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	11396977	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (8 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
X	2	FASB ASC 740-10-25 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. AS A RESULT OF ADOPTING ASC 740-10-25, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND
X	2 continued...	ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2010, 2009, AND 2008 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS.
X	2 continued...	THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS.
XI	8	RECLASSIFICATION ADJUSTMENTS FOR GAINS INCLUDED IN NET INCOME.
XII	2d	THIS IS THE DIFFERENCE BETWEEN HOW THE CREDIT UNION CALCULATED GAINS/LOSSES ON SALE OF INVESTMENTS AND THE REPORTS FROM MORGAN KEEGAN. THE DIFFERENCE IS DEEMED IMMATERIAL AND NO ADJUSTMENT WAS POSTED TO THE AUDITED FINANCIAL STATEMENTS. HOWEVER, FOR THE PURPOSES OF THE FORM 990, THE MORGAN KEEGAN REPORT WAS UTILIZED.
XII	4b	LOSS ON SALE OF OTHER REAL ESTATE OWNED.
XIII	2d	THIS IS THE DIFFERENCE BETWEEN HOW THE CREDIT UNION CALCULATED GAINS/LOSSES ON SALE OF INVESTMENTS AND THE REPORTS FROM MORGAN KEEGAN. THE DIFFERENCE IS DEEMED IMMATERIAL AND NO ADJUSTMENT WAS POSTED TO THE AUDITED FINANCIAL STATEMENTS. HOWEVER, FOR THE PURPOSES OF THE FORM 990, THE MORGAN KEEGAN REPORT WAS UTILIZED.
XIII	4b	LOSS ON SALE OF OTHER REAL ESTATE OWNED.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
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 (2 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Bonus Filing OrgBonusFilingOrg	Other Compensation Filing OrgOtherCompensationFilingOrg	Deferred Comp Filing OrgDeferredCompFilingOrg	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Total Compensation Filing OrgTotalCompensationFilingOrg
THOMAS GRAVES
199873	7500	6000	52974	17848	284195
PHIL POEHLER
119128	200		18943	13590	151861

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Form 990 Part VI	6	THE ORGANIZATION HAS MEMBERS.
Form 990 Part VI	7A	THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS.
Form 990 Part VI	11A	THE CFO IS RESPONSIBLE FOR THE PREPARATION OF THE RETURN. THE RETURN IS REVIEWED BY THE CREDIT UNIONS CEO AND CFO. ONCE ALL PARTIES HAVE COMPLETED THEIR REVIEWS AND THE NECESSARY CORRECTIONS ARE COMPLETED THE RETURN IS FILED.
Form 990 Part VI	15	THE REVIEW OF THE CEOS COMPENSATION IS A FUNCTION OF THE BOARD OF DIRECTORS. ANNUALLY, THE BOARD USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY TO DETERMINE THE CEOS COMPENSATION AND CONSIDERS GOAL ATTAINMENT AND CREDIT UNION PROFITABILITY. FOR ALL OTHER POSITIONS IN THE ORGANIZATION, PAY RANGES ARE REVIEWED AND APPROVED ON AN ANNUAL BASIS BY THE SENIOR MANAGERS OF THE ORGANIZATION UTILIZING DATA FROM AN INDEPENDENT COMPENSATION STUDY. BOARD REVIEW IS ATTAINED THROUGH APPROVAL OF THE ANNUAL BUDGET.
Form 990 Part VI	19	THE CREDIT UNIONS GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING.
Form 990 Part III	2	THE CREDIT UNION LAUNCHED A REWARDS CHECKING PROGRAM ON SEPTEMBER 26, 2011. THIS CHECKING ACCOUNT PROVIDES A PREMIUM DIVIDEND WHEN MEMBERS FULFILL ALL THREE OF THE FOLLOWING CONDITIONS PER MONTHLY CYCLE A DIRECT DEPOSIT OF ACH TRANSACTION B TEN DEBIT CARD TRANSACTIONS THAT POST AND CLEAR C SIGN UP FOR E-STATEMENTS
Form 990 Part XI	5	CHANGE IN UNREALIZED GAINS ON INVESTMENTS CLASSIFIED AS AVAILABLE FOR SALE OF 529,180 LESS RECLASSIFICATION ADJUSTMENTS FOR GAINS INCLUDED IN NET INCOME OF 43,047 IS EQUAL TO 486,133.
		Form 990 Part VI Section A Line 6 THE ORGANIZATION HAS MEMBERS. 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 11A THE CFO IS RESPONSIBLE FOR THE PREPARATION OF THE RETURN. THE RETURN IS REVIEWED BY THE CREDIT UNIONS CEO AND CFO. ONCE ALL PARTIES HAVE COMPLETED THEIR REVIEWS AND THE NECESSARY CORRECTIONS ARE COMPLETED THE RETURN IS FILED. Form 990 Part VI Section B Line 15 THE REVIEW OF THE CEOS COMPENSATION IS A FUNCTION OF THE BOARD OF DIRECTORS. ANNUALLY, THE BOARD USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY TO DETERMINE THE CEOS COMPENSATION AND CONSIDERS GOAL ATTAINMENT AND CREDIT UNION PROFITABILITY. FOR ALL OTHER POSITIONS IN THE ORGANIZATION, PAY RANGES ARE REVIEWED AND APPROVED ON AN ANNUAL BASIS BY THE SENIOR MANAGERS OF THE ORGANIZATION UTILIZING DATA FROM AN INDEPENDENT COMPENSATION STUDY. BOARD REVIEW IS ATTAINED THROUGH APPROVAL OF THE ANNUAL BUDGET. Form 990 Part VI Section B Line 19 THE CREDIT UNIONS GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING. Form 990 Part III Line 2 THE CREDIT UNION LAUNCHED A REWARDS CHECKING PROGRAM ON SEPTEMBER 26, 2011. THIS CHECKING ACCOUNT PROVIDES A PREMIUM DIVIDEND WHEN MEMBERS FULFILL ALL THREE OF THE FOLLOWING CONDITIONS PER MONTHLY CYCLE A DIRECT DEPOSIT OF ACH TRANSACTION B TEN DEBIT CARD TRANSACTIONS THAT POST AND CLEAR C SIGN UP FOR E-STATEMENTS Form 990 Part XI Line 5 CHANGE IN UNREALIZED GAINS ON INVESTMENTS CLASSIFIED AS AVAILABLE FOR SALE OF 529,180 LESS RECLASSIFICATION ADJUSTMENTS FOR GAINS INCLUDED IN NET INCOME OF 43,047 IS EQUAL TO 486,133.