2017-05-15T16:34:26-07:00 2016-12-31 990 2016-01-01 910564946 CREDIT UNIONS IN THE STATE OF WASHINGTON CRED 5098386157 PO BOX 48275 Spokane WA 992281275 Margaret Burkholz CEO 5092328906 2017-05-15 209.210.121.164 2016 2021-01-29 14:40:06Z Margaret Burkholz CEO 9707 N Nevada Spokane WA 99218 3984537 0 1269 X primesourcecu.org X 1935 WA Credit Union operated without profit for mutual purposes 7 7 39 11 0 0 0 7000 3392680 3524234 96111 244061 208035 209242 3696826 3984537 0 0 324813 319874 1289732 1421428 0 0 0 1639236 1788269 3253781 3529571 443045 454966 66887543 69571069 956996 1114251 65930547 68456818 Credit Union operated without profit for mutual purposes 0 0 3529571 0 3984537 Credit Union Programs: Providing financial services to 6587 members. These include, but are not limited to, Loans and Savings programs. The services are provided by 25 employees and 10 non-paid volunteers this is not used This is not used 0 0 0 3529571 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 39 1 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 1 1 0 WA X PrimeSource Credit Union 5098386157 PO BOX 48275 Spokane WA 992281275 Dennis Clark Board Member 1 X 0 0 0 Jeff Hansen Board Member 1 X 0 0 0 Mark Henry Board Member 1 X 0 0 0 Clint Price Board Member - Vice Chair 1 X 0 0 0 Lindsey Aulisio Chairperson of the Supervisory Committee 1 X 0 0 0 Leonard Selvaggio Board Member 1 X 0 0 0 Homer Todd Chairman of the Board 1 X 0 0 0 Egon Dezihan Board Member 1 X 0 0 0 Linda Queen Supervisory Committee Member 1 X 0 0 0 Chuck Purcell Supervisory Committee Member 1 X 0 0 0 Margaret Burkholz Exec Director/CEO 40 X X X 184976 0 0 Deanna Hanley Vice President - Finance 40 X 83926 0 0 Annettee Babb Vice President - Operations 40 X 85165 0 0 Kevin Spoerl Vice President - Lending 40 0 X 90273 0 0 444340 0 0 1 0 1 0 0 0 0 0 0 0 7000 0 7000 Interest on loans to members 522130 3110851 3110851 0 0 Service Fees 522130 413383 413383 0 0 0 0 0 0 3524234 106628 106628 0 0 0 0 0 0 0 0 0 0 6000 0 0 0 6000 0 6000 6000 0 0 0 137433 0 0 0 137433 137433 137433 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 203242 203242 0 0 203242 3984537 3977537 0 0 0 0 0 0 0 0 319874 319874 444340 444340 0 0 0 0 0 0 616301 616301 0 0 172249 172249 0 0 101256 101256 0 0 87282 87282 0 0 0 0 0 0 -2941 -2941 0 0 13068 13068 0 0 0 0 0 0 0 0 0 0 0 0 31943 31943 0 0 76455 76455 0 0 133909 133909 0 0 273038 273038 0 0 0 0 0 0 191515 191515 0 0 0 0 0 0 0 0 0 0 44310 44310 0 0 0 0 0 0 0 0 0 0 131839 131839 0 0 45478 45478 0 0 Loan Servicing Costs 270912 270912 0 0 Provision for Loan and Courtesy Pay Loss 313000 313000 0 0 Member Service Costs 249334 249334 0 0 Misc, OREO, Losses, Etc 16409 16409 0 0 0 0 0 0 3529571 3529571 0 0 5299449 5309643 5599033 5647704 0 11251 11599 51229534 53882360 0 0 0 0 345883 292979 5470581 1404862 4168495 4065719 0 0 0 0 64778 64390 0 0 169120 296675 66887543 69571069 206629 427117 750367 687134 956996 1114251 X 57876321 60175150 0 0 8054226 8281668 65930547 68456818 66887543 69571069 X 454966 0 0 0 0 2071305 X 1 X 1 X 1 0 1293631 0 1293631 3108283 0 644694 2463589 0 0 0 0 0 0 0 0 1068667 0 760168 308499 4065719 0 Settlement and Clearing Accounts/Pension 687134 687134 X 3984537 0 0 0 0 0 3984537 0 0 0 3984537 3529571 0 0 0 0 0 3529571 0 0 0 3529571 Schedule D, Part X, Line 2 Balance reported includes all Settlement and Clearing Accounts and Employee Pension Accounts 0 0 0 Margaret Burkholz Exec Director/CEO 144976 0 40000 0 0 0 0 0 0 0 184976 0 0 0 Deanna Hanley Vice President - Finance 69759 0 14167 0 0 0 0 0 0 0 83926 0 0 0 Annettee Babb Vice President - Operations 61832 0 23333 0 0 0 0 0 0 0 85165 0 0 0 Kevin Spoerl Vice President - Lending 66940 0 23333 0 0 0 0 0 0 0 90273 0 0 0 Form 990, Part VI, Section A, Line 6 The organization is a credit union, by definition a financial cooperative, composed of 6587 members who hold a savings and/or loan accounts. It is governed by a 7 member Board of Directors who are elected from and by the membership and are unpaid volunteers. Form 990, Part VI, Section A, Line 7a The organization is a credit union by definition a financial cooperative composed of 6587 members who hold a savings and/or loan accounts. It is governed by a 7 member board of directors who are elected from and by the membership and are unpaid volunteers. Each member of the credit union has equally one vote in the annual election of the officers to the Board of Directors and Supervisory Committee for open positions. Form 990, Part VI, Section B, Line 11b This form is reviewed by the CEO prior to it's submission. Form 990, Part VI, Section B, Line 15 Use an annual formal evaluation form along with the CUNA salary survey guide. For CEO hired vendor HR Performance groups for salary review. Form 990, Part VI, Section C, Line 19 PrimeSource Credit Union publishes its financial statements each year during the annual meeting of its members and on its website. Copies of these statements are also available upon the request from individuals at our offices. Additionally, we provide our 990 for review upon request by individuals at our office. Copies of our conflict of interest policies are given to each new employee and each applicant of the Board and Supervisory Committee upon receipt of their application. Our financial information is also available on the NCUA's website as part of our 5300 reporting. Form 990, Part XI, Line 9 The other changes in net assets or finds balances can be directly attributed to a chance in member deposits, combined with a chance in other comprehensive income.