2019-05-15T14:36:50-07:00 2018-12-31 990 2018-01-01 910403815 CREDIT UNIONS IN THE STATE OF WASHINGTON CRED 2066284010 5200 Southcenter Blvd Seattle WA 98188 Alex Mendes CFO 2066284010 2019-05-15 65.126.73.250 2018 2019-02-21 02:37:17Z Alex Mendes 5200 Southcenter Blvd Seattle WA 98188 54053913 0 1269 X www.inspiruscu.org X Credit Union 1936 WA Credit Union 8 8 193 8 0 0 0 0 43517482 50771235 3580621 3532078 2931710 -321910 50029813 53981403 392673 534145 0 0 14444332 16009549 0 0 0 24094551 27124328 38931556 43668022 11098257 10313381 1257510945 1324555734 1130151145 1187802857 127359800 136752877 X Credit Union 0 0 Credit Union 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 52997 0 1 193 1 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X Eva Ngu 2066285879 5200 Southcenter Blvd Seattle WA 98188 Richard Rutkowski Board Chairman 2 0 X 8400 0 0 Shirley Liu Hodgson Supervisory Chair 2 0 X 7700 0 0 Brian Benzel Board Member 2 0 X 8400 0 0 William Bonaudi Board Member 2 0 X 8400 0 0 Linda S Cowan Board Member 2 0 X 8400 0 0 Sandra M Kurack Board Member 2 0 X 8400 0 0 Roger A Reimer Board Member 2 0 X 8400 0 0 Andrew Austin Board Member 2 0 X 7700 0 0 Scott Adkins President 40 0 X 642403 0 41333 Alex Mendes CFO 40 0 X 232392 0 43806 Douglas Grout Vice President 40 0 X 211985 0 46382 Aproniano Labonite Vice President 40 0 X 207262 0 37871 Patsy Gayda Vice President 40 0 X 169211 0 30315 Page Cook Vice President 40 0 X 134965 0 21743 Brant Spangler Vice President 40 0 X 143979 0 33006 James Hanulik AVP of Risk Management 40 0 X 149778 0 41003 Eva Ngu Controller 40 0 X 137249 0 29569 Greg Vermillion IT Production Control Manager 40 0 X 123799 0 21683 Rick Hall IT Program Manager 40 0 X 122803 0 12542 Melanie Heymans Human Resources Manager 40 0 X 114438 0 15456 Margaret Summerhays Senior Project Manager 40 0 X 111188 0 23226 Carol Cameron Seniro Project Manager 40 0 X 110319 0 23178 Dale Carr Product Owner 40 0 X 108863 0 21726 Jason Schluter Business Resillency Administrator 40 0 X 104255 0 28289 Laura Young Internal Audit Manager 40 0 X 102552 0 23101 2993241 0 494229 0 1 0 Premera Blue Cross P O Box 91060 Seattle WA 98111 Medical Insurance 1823597 PCL Construction Services Inc 3650 131st Ave SE Suite 650 Bellevue WA 98006 Construction Services 1675772 Payment Systems for Credit Unions 560 Carillon Parkway St Petersburg FL 33716 Credit card processing 1648034 Alkami Technology P O Box 670397 Dallas TX 75267 Online Banking 890263 Fiserv 255 Fiserv Drive P O Box 979 Brookfield WI 530080979 ATM-Debit Card Payment Services 667841 25 0 0 0 0 0 0 0 0 Interest on Loans to Members 522100 30312193 30312193 0 0 Interest on Participation Loans 522100 11036219 11036219 0 0 Card Interchange Income 522100 4601467 4601467 0 0 Service Charges 522100 3755556 3755556 0 0 Other Income 522100 1065800 1065800 0 0 0 0 0 0 50771235 3543490 3543490 0 0 0 0 0 0 0 0 0 0 686707 0 0 0 686707 0 686707 686707 0 0 0 61098 0 72510 0 -11412 -11412 -11412 0 0 0 Unrealized Investment Gain (Loss) 522100 -1008617 -1008617 0 0 0 0 0 0 -1008617 53981403 53981403 0 0 530845 3300 0 0 2993240 0 8679831 1133877 2294155 908446 0 200354 99954 0 0 60132 2150714 852780 3755827 2321293 0 874144 218867 0 75151 5606274 0 1525755 161290 Provision for Loan Losses 4127383 ATM/Debit/Credit Card expenses 3664682 1429728 43668022 0 0 0 4365454 5852208 72010425 86669186 0 0 7617926 8214830 833999 788694 0 0 989113189 1072368798 0 0 791730 732935 36411025 8557521 21406813 27853504 144578324 104161546 0 0 0 0 0 0 16793085 17914033 1257510945 1324555734 10082942 9428207 0 0 952215 845189 0 0 4847 11295 0 0 0 0 42000000 42000000 1077111141 1135518166 1130151145 1187802857 X 0 0 0 0 127359800 136752877 127359800 136752877 1257510945 1324555734 X 10313381 -549577 0 0 0 -370727 X 0 1 1 0 0 1 X 0 3157996 3157996 0 24062976 1874766 22188210 0 0 0 0 0 9190053 6682755 2507298 0 0 0 0 27853504 0 Member savings accounts 790621758 Member checking accounts 262338334 Member IRA accounts 38016956 Member cerficates of deposit 44541118 1135518166 53981403 0 0 0 0 0 53981403 0 0 0 53981403 43668022 0 0 0 0 0 43668022 0 0 0 43668022 Schedule D, Part IV, Line 2b Our credit union maintains an escrow account for members who are required to have flood insurance by law. We collect and pay the insurance premium when payment is due. 1 DonorsChoose 134 W 37th St 11th Floor New York NY 10018 134129457 0 125530 0 Blusource 2000 E Seward Rd Guthrie OK 73044 731404649 0 58940 Communities in Schools of Spokane County 905 West Riverside Suite 301 Spokane WA 99201 261581358 20000 0 Green River Community College 12401 SE 320th St Auburn WA 98092 510168649 20000 0 Fred Hutchinson Mail Stop A1-023 1100 Fairview Ave N Seattle WA 98109 237156071 17831 0 WASBO 284 Lee St SW Suite 132 Tumwater WA 98501 910989106 17800 0 Second Harvest 1234 East Front Avenue Spokane WA 99202 237173826 15400 0 WASA 825 Fifth Ave SE Olympia WA 98501 911153112 15000 0 Foundation for Edmonds School District P O Box 360 Lynnwood WA 98046 911296816 12500 0 Highline Schools Foundation 15675 Ambaum Blvd SW Burien WA 98166 912020506 12045 0 Association of WA School Principals 1021 8th Ave SE Olympia WA 98501 911153112 10000 0 Bellevue College 3000 Landerholm Circle SE A101 Bellevue WA 980076484 911051671 10000 0 Communities in Schools of Renton 1101 Bronson Way N Renton WA 98057 911689185 10000 0 CSTP P O Box 4162 Olympia WA 98501 043769448 10000 0 Eastern Washington University 526 5th Street Cheney WA 99004 911019819 10000 0 Highline College Foundation P O Box 98000 MS 99-248 Des Moines WA 98198 237428279 10000 0 Northshore School Foundation 3330 Monte Villa Parkway Bothell WA 98021 911680139 10000 0 Spark Central 1214 W Summit Parkway Spokane WA 99201 465367580 10000 0 Washington DECA 200 W Mercer St Suite 207 Seattle WA 98119 911308496 10000 0 WFIS P O Box 31019 Seattle WA 98103 910863526 10000 0 Everett Public Schools Foundation P O Box 3112 Everett WA 98213 911329342 8500 0 WSSDA P O Box 3069 Lynnwood WA 98046 916001213 7800 0 Bellevue Schools Foundation 12241 Main Street Bldg 5 Bellevue WA 98005 911080997 7500 0 Communities in Schools of Tacoma 2141 South J Street Tacoma WA 98405 912138848 7500 0 UW Combined Fund Drive P O Box 359200 Seattle WA 981959200 916001110 7300 0 Gonzaga University 502 E Boone Ave Spokane WA 992580025 910236600 7075 0 Issaquah School Foundation P O Box 835 Issaquah WA 98027 943050254 7000 0 Still Waters P O Box 88576 Tukwila WA 98138 811771736 7000 0 Roosevelt Orchestra Boosters P O Box 51024 Seattle WA 98115 911393048 5400 0 0 0 Schedule I, Part I, Line 2 Grant funds are provided to "education-aligned" partners including public and private, non-profit institutions of learning (including pre-K, K-12, two-year and four-year higher education). For-profit institutions are ineligible. Scholarships - student transcripts are verified. X 1 1 0 0 0 Scott Adkins President 547224 0 82779 0 2940 0 17807 0 23526 0 674276 0 0 Alex Mendes CFO 214769 0 19154 0 -1681 0 21640 0 22166 0 276048 0 0 Aproniano Labonite Vice President 193754 0 18170 0 -5662 0 14626 0 23245 0 244133 0 0 Douglas Grout Vice President 194623 0 18155 0 -993 0 23140 0 23242 0 258167 0 0 Patsy Gayda Vice President 153015 0 14082 0 2114 0 20052 0 10263 0 199526 0 0 James Hanulik AVP of Risk Management 138999 0 13158 0 -2380 0 18259 0 22744 0 190780 0 0 0 Brant Spangler Vice President 134055 0 10977 0 -1055 0 17404 0 15602 0 176983 0 0 Eva Ngu Controller 128870 0 10585 0 -2206 0 14943 0 14626 0 166818 0 0 Page Cook Vice President 128658 0 9223 0 -3067 0 0 0 21743 0 156557 0 0 Greg Vermillion IT Production Control Manager 119081 0 7856 0 -3137 0 0 0 21683 0 145483 0 0 0 Rick Hall IT Program Manager 114660 0 7564 0 578 0 2444 0 10098 0 135344 0 0 0 Dale Carr Product Owner 104999 0 2315 0 1398 0 12878 0 8848 0 130438 0 0 Carol Cameron Seniro Project Manager 105902 0 3487 0 930 0 13127 0 10051 0 133497 0 Margaret Summerhays Senior Project Manager 106227 0 3538 0 1424 0 13172 0 10054 0 134415 0 0 Laura Young Internal Audit Manager 97302 0 6369 0 -1319 0 12440 0 10661 0 125453 0 0 Jason Schluter Business Resillency Administrator 94459 0 10964 0 -1168 0 12651 0 15638 0 132544 0 0 0 Richard Rutkowski Board Chairman 0 0 0 0 8400 0 0 0 0 0 8400 0 0 0 Shirley Liu Hodgson Supervisory Chair 0 0 0 0 7700 0 0 0 0 0 7700 0 0 Andrew Austin Board Member 0 0 0 0 7700 0 0 0 0 0 7700 0 0 0 Brian Benzel Board Member 0 0 0 0 8400 0 0 0 0 0 8400 0 0 0 William Bonaudi Board Member 0 0 0 0 8400 0 0 0 0 0 8400 0 0 0 Linda S Cowan Board Member 0 0 0 0 8400 0 0 0 0 0 8400 0 0 Sandra M Kurack Board Member 0 0 0 0 8400 0 0 0 0 0 8400 0 0 Roger A Reimer Board Member 0 0 0 0 8400 0 0 0 0 0 8400 0 0 0 Richard Rutkowski Board Chairman 0 0 0 0 8400 0 0 0 0 0 8400 0 0 0 Schedule J, Part I, Line 1a Paid spouse travel for conferences. Scott Adkins Officer Auto X 24451 1752 0 1 1 Scott Adkins Officer Visa X 20000 3930 0 1 1 Scott Adkins Officer Mortgage X 568000 395927 0 1 1 Andrew Austin Director Auto X 12108 11682 0 1 1 Brian Benzel Director Auto X 30031 12934 0 1 1 Brian Benzel Director Visa X 20000 7916 0 1 1 Patsy Gayda Officer Home Equity X 50000 49082 0 1 1 Patsy Gayda Officer Visa X 16000 8968 0 1 1 Douglas Grout Officer Auto X 45664 42302 0 1 1 Shirley Hodgson Director Visa X 20000 88 0 1 1 Aproniano Labonite Officer Home Equity X 110000 105681 0 1 1 Aproniano Labonite Officer Auto X 29734 29526 0 1 1 Aproniano Labonite Officer Auto X 30931 30745 0 1 1 Aproniano Labonite Officer Visa X 15000 13711 0 1 1 Roberta McFarland Director Auto X 13743 4233 0 1 1 Matthew Medlin Supervisory Committee Member Overdraft Protection X 1500 1437 0 1 1 Matthew Medlin Supervisory Committee Member Visa X 20000 4798 0 1 1 Alex Mendes Officer Auto X 25582 17358 0 1 1 Richard Rutkowski Director Boat X 155000 28431 0 1 1 Richard Rutkowski Director Visa X 20000 10442 0 1 1 Richard Rutkowski Director Auto X 9000 7751 0 1 1 788694 Form 990, Part III, Line 2 Inspirus Credit Union implemented the Indirect Lending Program in April 1, 2018. Form 990, Part VI, Section A, Line 6 Credit Unions are organized as cooperatives and individuals become voting members when they join. Form 990, Part VI, Section A, Line 7a The Board of Directors are elected by a vote of members at the annual meeting. Form 990, Part VI, Section A, Line 7b A vote of members is required for a merger, charter conversion or other significant matters. Form 990, Part VI, Section B, Line 11b The Form 990 is presented to the Board of Directors prior to filing the return. Form 990, Part VI, Section B, Line 12c A conflict of interest disclosure form must be signed annually by all Directors and Officers. Form 990, Part VI, Section B, Line 15 The salary of the CEO is determined by the compensation committee of the Board of Directors. Factors in determining compensation include industry comparison, experience, performance and other factors. Salaries for other officers are set by their supervisors based up industry comparison, experience, performance and other factors. Form 990, Part VI, Section C, Line 19 The credit union's financial information is available to the public on the NCUA website. The tax return, audited financial statements and other data are available upon request. Form 990, Part XI, Line 9 Other changes in fund balances were due to changes in the recorded liability of post retirement benefit and other defined employee benefit obligations.