2011-07-19T00:07:15-00:00 2010-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2010-01-01 910683062 WASHINGTON STATE EMPLOYEES CREDIT UNION WASH 3609437911 PO BOX WSECU OLYMPIA WA 985070099 KEVIN S FOSTER-KEDDIE 3609437911 2011-07-18 true DOUGLAS ORTH 3052328272 2011-07-19 2010 2016-02-24 21:20:13Z KEVIN FOSTER-KEDDIE PO BOX WSECU OLYMPIA WA 985070099 115900021 false 1269 X WWW.WSECU.ORG X CREDIT UNION 1957 WA 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. 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. 9 9 630 12 1171878 -446159 0 105231324 100468820 2713477 4586300 8331797 149821 116276598 105204941 0 0 34573253 35037116 0 0 75946520 58478843 110519773 93515959 5756825 11688982 1491203426 1546329476 1344493824 1387771995 146709602 158557481 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. false false 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. false false false false false false false false true true false false true false false true false false false false false false false false false false false true false false false false false false false false false false true false false false false true 56325 0 true 630 true true true false false false false false X 9 9 false false false false true true true true true false true true false true true true true true true true false X WASHINGTON STATE EMPLOYEES CREDIT U 3609437911 PO BOX WSECU OLYMPIA WA 98507 FRED OLSON 001.00 X 0 0 1532 EDWINA DORSEY 001.00 X 0 0 1501 CAROLE WASHBURN 001.00 X 0 0 880 RITA KOONTZ 001.00 X 0 0 144 JOHN PITTMAN 001.00 X 0 0 424 JEFF JAKSICH 001.00 X 0 0 414 LAURA JOHNSON 001.00 X 0 0 1312 TRACY GUERIN 001.00 X 0 0 599 JERRY HENDRICKS 001.00 X 0 0 446 TOM WIELAND 001.00 X 0 0 698 JEFF DOYLE 001.00 X 0 0 1071 SCOTT HENDERSON 001.00 X 0 0 678 KEVIN S FOSTER-KEDDIE 040.00 X 590254 0 34408 RANDY GUNDERSON 040.00 X 176867 0 21076 MARK ALLEN 040.00 X 218099 0 35963 LINDA HOLLEN 040.00 X 245732 0 30823 BENJAMIN MORALES 040.00 X 227138 0 37052 GARY R SWINDLER 040.00 X 167390 0 25854 SHARON L WHITEHEAD 040.00 X 185215 0 24849 RICHARD LADD 040.00 X 149358 0 29551 CYNTHIA E SCHAUMBURG 040.00 X 204804 0 31991 TANYA HILL 040.00 X 140220 0 20118 SID SCHROADER 040.00 X 183125 0 21946 KEITH TROUP 040.00 X 146201 0 17760 2634403 341090 12 false true false GOUDY CONSTRUCTION CO PO BOX 53108 BELLEVUE WA 98015 BUILDERS FOR HQ 6319896 THURSTON COUNTY TREASURER 2000 LAKE RIDGE DRIVE SW OLYMPIA WA 98502 MORTGAGE LOAN RELATED 5291935 NATIONAL CREDIT UNION ADMINISTRATIO PO BOX 979069 ST LOUIS MO 63197 INSURANCE 4014119 LPS PROPERTY TAX SOLUTIONS PO BOX 60000 SAN FRANCISCO CA 94160 MORTGAGE LOAN RELATED 5242267 WILMINGTON TRUST RISC PO BOX 52129 PHOENIX AZ 85072 EMPLOYEE BENEFITS 401K 3323824 96 INTEREST ON LOANS TO MEMBERS 522100 61097299 61081945 15354 SERVICE FEES/CHARGES 522100 31549593 30821429 728164 MORTGAGE LENDING 522100 7821928 7393578 428350 100468820 4708145 4708135 10 237449 101183 136266 136266 136266 8987372 1484680 8950000 1643897 37372 -159217 -121845 121845 OTHER INCOME 522100 13555 13555 13555 105204941 104276753 1171878 0 0 0 0 2975493 2975493 0 22648080 22648080 1993271 1993271 5168013 5168013 2252259 2252259 0 102142 102142 90460 90460 0 0 2258902 2258902 1156232 1156232 5395809 5395809 1791694 1791694 0 3451489 3451489 213350 213350 0 344616 344616 10015472 10015472 0 5215618 5215618 419552 419552 SEE SCHEDULE ATTACHED 28023507 28023507 0 93515959 93515959 16649340 16098601 13296277 7431444 4338161 4655412 942173903 902620217 10136088 12112832 109597465 32718299 74778907 76879166 96627013 226382817 317813022 284862298 15390715 15286689 1491203426 1546329476 23927598 16962108 1320566226 1370809887 1344493824 1387771995 X 146709602 158557481 146709602 158557481 1491203426 1546329476 X 11688982 158897 X false true true X false false 10174608 10174608 67372654 8742353 58630301 6364938 4937634 1427304 25391182 18744229 6646953 294083 294083 76879166 HELD TO MATURITY SECURITIES 110199 F OTHER 284752099 F 284862298 SHARE DRAFT ACCOUNTS 244683659 SHARE ACCOUNTS 505837193 MONEY MARKET ACCOUNTS 183586784 IRA SHARE ACCOUNTS 20368740 SHARE AND IRA CERTIFICATES 416333511 1370809887 105204941 93515959 11688982 396665 -237768 158897 11847879 104998389 63803 63803 104934586 270355 270355 105204941 93547175 301571 301571 93245604 270355 270355 93515959 XII 2D ELIMINATED RENTAL EXPENSE 101,183 GAIN ON SALE OF TRADING SECURITIES 37,562 LOSS ON SALE OF AVAILABLE FOR SALE SECURITIES 189 UNREALIZED GAIN ON DERIVATIVES 7. XIII 2D UNREALIZED LOSS ON TRADING SECURITIES 240,761 GAIN ON SALE OF TRADING SECURITIES 37,562 LOSS ON SALE OF AVAILABLE FOR SALE SECURITIES 189 ELIMINATED RENTAL EXPENSE 101,183 INTERCOMPANY RELATED RENT 3000. XI 8 NET GAIN ON DERIVATIVES 7 UNREALIZED LOSS ON TRADING SECURITIES 240,761 INTERCOMPANY RENTAL EXPENSE 3,000. X true true X X X true false false KEVIN S FOSTER-KEDDIE 363461 187175 39618 20825 13583 624662 RANDY GUNDERSON 168407 7816 644 3657 17419 197943 MARK ALLEN 183167 33865 1067 18523 17440 254062 LINDA HOLLEN 206619 37512 1601 20825 9998 276555 BENJAMIN MORALES 189516 33294 4328 19306 17746 264190 GARY R SWINDLER 141516 25418 456 14234 11620 193244 SHARON L WHITEHEAD 156716 27928 571 16087 8762 210064 RICHARD LADD 123360 25616 382 11782 17769 178909 CYNTHIA E SCHAUMBURG 33393 171411 17429 14562 236795 TANYA HILL 23172 117048 11988 8130 160338 SID SCHROADER 23023 160102 7770 14176 205071 KEITH TROUP 123192 22920 89 12454 5306 163961 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 ACKNOWLEDGEMENT 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 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 A 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 5 158,897 NET UNREALIZED GAIN ON INVESTMENTS 396,665 PLUS NET GAIN ON DERIVATIVES 7 LESS UNREALIZED LOSS ON TRADING SECURITIES 240,761 LESS INTERCOMPANY RENTAL EXPENSE 3,000. ONE WASHINGTON FINANCIAL LLC PO BOX WSECU OLYMPIA WA 98507 953134955 LOAN SERVICING WA 2802370 6778046 N/A