2016-08-15T18:12:00-05:00 2015-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2015-01-01 916049071 SOLARITY CREDIT UNION SOLA 5092481720 PO BOX 2922 YAKIMA WA 98907 MINA WORTHINGTON PRESIDENT/CEO 5092481720 2016-08-15 1 DOUGLAS J ORTH P01076394 3052328272 2015 2016-09-27 15:27:22Z MINA WORTHINGTON 401 TIETON DRIVE YAKIMA WA 98902 91304279 0 1269 X WWW.SOLARITYCU.ORG X 1951 WA PROVIDE FINANCIAL SERVICE TO MEMBERS, INCLUDING BUT NOT LIMITED TO PROVIDING REAL ESTATE AND OTHER SECURED AND UNSECURED CONSUMER LOAN AND SAVINGS PROGRAMS, AND CREDIT CARD SERVICES. 7 7 179 13 55892 36806 0 0 20116361 22039479 1017776 1968061 5146353 4792714 26280490 28800254 0 0 0 0 7835982 8840935 0 0 0 10736682 12044993 18572664 20885928 7707826 7914326 552028853 640997256 473037532 554423875 78991321 86573381 PROVIDE FINANCIAL SERVICES TO MEMBERS, INCLUDING BUT NOT LIMITED TO PROVIDING REAL ESTATE AND OTHER SECURED AND UNSECURED CONSUMER LOANS, CHECKING AND SAVINGS PROGRAMS, AND CREDIT CARD SERVICES. 0 0 PROVIDE FINANCIAL SERVICES TO 51,008 MEMBERS. THESE SERVICES INCLUDE BUT ARE NOT LIMITED TO PROVIDING REAL ESTATE AND OTHER SECURED AND UNSECURED CONSUMER LOANS, CHECKING AND SAVINGS PROGRAMS AND CREDIT CARD SERVICES. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 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 5561 0 1 179 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X MINA WORTHINGTON 5092481720 401 TIETON DRIVE YAKIMA WA 98902 GARY KISSLING CHAIRMAN 1.00 X 0 0 0 GERALD KOBES VICE CHAIR 1.00 X 0 0 0 TERRY MORGAN SECRETARY 1.00 X 0 0 0 JAMES HURLEY DIRECTOR 1.00 X 0 0 0 MICHAEL MEYER DIRECTOR 1.00 X 0 0 0 JEFFERY MEYER ASSOCIATE DIRECTOR 1.00 X 0 0 0 MERRILOU HARRISON ASSOCIATE DIRECTOR 1.00 X 0 0 0 DOUG NICHOLSON DIRECTOR 1.00 X 0 0 0 MARK CHMELEWSKI DIRECTOR 1.00 X 0 0 0 BRENDA GEORGE ASSOCIATE DIRECTOR 1.00 X 0 0 0 MINA WORTHINGTON PRESIDENT/CEO 40.00 X 467270 0 41619 RALPH CUMBEE CHIEF LENDING OFFICER 40.00 X 221384 0 26804 MATTHEW RUSSELL CFO 40.00 X 184137 0 24322 PATRICIA NEIGHBORS CHIEF OPERATIONS OFFICER 40.00 X 81286 0 1053 LILLIE HIGGINBOTHAM MORTGAGE LOAN OFFICER 40.00 X 229275 0 21715 SALLY BAILEY MORTGAGE LOAN OFFICER 40.00 X 206213 0 20085 GENE DELUCA VP OF MORTGAGE LENDING 40.00 X 165509 0 6387 1555074 0 141985 6 0 1 0 FIS PO BOX 4535 CAROL STREAM IL 601974535 CARD PROCESSOR 959733 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 HDW/SFTW PRODUCTS AND MAINTENANCE 820510 BROADMOOR RV SUPERSTORE INC PO BOX 2384 PASCO WA 99302 RV SALES DEALER 768088 BLUE DOG RV - IDAHO 714 W SELTICE POST FALLS ID 83854 RV SALES DEALER 603357 FIFE RV & AUTO CENTER INC 3520 PACIFIC HWY E FIFE WA 98424 RV SALES DEALER 479676 27 INCOME ON LOANS 522100 18909969 18909969 FEES/OTHER INCOME 522100 3073618 3073618 UNRELATED BUSINESS INCOME 900099 42492 42492 UNRELATED BUSINESS INCOME 524298 13400 13400 22039479 972767 972767 205197 0 205197 205197 205197 17615611 45883708 17518707 44985318 96904 898390 995294 995294 OTHER INCOME 522100 4587517 4587517 4587517 28800254 27771595 55892 972767 1047875 1047875 4763857 4763857 285582 285582 2111380 2111380 632241 632241 42543 42543 37437 37437 154000 154000 1958711 1958711 487032 487032 699147 699147 146784 146784 288415 288415 158638 158638 14504 14504 2222399 2222399 165388 165388 1437480 1437480 77991 77991 REPAIRS/MAINTENANCE/REN 1431989 1431989 PROVISION FOR LOAN LOSS 1190154 1190154 LOAN SERVICING 764105 764105 OTHER LOSSES 292829 292829 475447 475447 20885928 20885928 0 0 5473709 5173229 30198732 44233720 1906709 2042115 380661105 480664950 804167 986936 27417231 10828460 17214620 16588771 105115623 75394391 2062188 3349688 637815 530938 7954185 12032518 552028853 640997256 8542352 10417570 824845 1498204 30000000 55000000 433670335 487508101 473037532 554423875 X 0 0 0 0 78991321 86573381 78991321 86573381 552028853 640997256 7914326 -332266 0 X 0 1 X 1 0 5306 5306 5306 1 CREDIT UNION LEGISLATIVE ACTION FUND 18000 INTERNATIONAL BLVD SUITE 350 SEATAC WA 98188 5306 0 0 2726969 2726969 15241512 3628514 11612998 1233 760 473 9447517 7199186 2248331 16588771 SHARE DRAFTS 70297327 SHARE AND EQUIVALENTS 154914562 MONEY MARKET 109108820 IRA SHARES 18723668 CERTIFICATES 109005769 BUSINESS CHECKING 25457955 487508101 X 28800254 0 28800254 0 28800254 20885928 0 20885928 0 20885928 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. THE INCOME TAXES TOPIC OF THE FASB ASC 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. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE (IRS) RELEASED TECHNICAL ADVICE MEMORANDUMS (TAMS) TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX. UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNION'S ACTIVITIES AND 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 2014, 2013, AND 2012 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. 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. X 1 1 X X X X 0 1 0 MINA WORTHINGTON PRESIDENT/CEO 394982 0 43275 0 29013 0 33900 0 7719 0 508889 0 0 0 RALPH CUMBEE CHIEF LENDING OFFICER 188253 0 22331 0 10800 0 19085 0 7719 0 248188 0 0 0 MATTHEW RUSSELL CFO 156237 0 19600 0 8300 0 18041 0 6281 0 208459 0 0 0 LILLIE HIGGINBOTHAM MORTGAGE LOAN OFFICER 34164 0 194311 0 800 0 13996 0 7719 0 250990 0 0 0 SALLY BAILEY MORTGAGE LOAN OFFICER 31768 0 900 0 173545 0 12366 0 7719 0 226298 0 0 0 GENE DELUCA VP OF MORTGAGE LENDING 119802 0 44907 0 800 0 0 0 6387 0 171896 0 0 0 SCHEDULE J, PART I, LINE 4B EMPLOYER CONTRIBUTIONS IN 2015: MINA WORTHINGTON ($18,000), RALPH CUMBEE ($10,000), PATRICIA NEIGHBORS ($1,250), CARRIE GABBARD ($3,000), MATTHEW RUSSELL ($7,500), TINA TORRES ($3,000), MICHELLE HATTON ($3,000), CHUCK REDIFER ($1,000) FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS VOTE ON BOARD AND COMMITTEE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11 THE CFO IS RESPONSIBLE FOR THE FORM 990. THE CFO AND ACCOUNTING MANAGER REVIEW AND APPROVE FOR SUBMISSION. THE FINAL SUBMITTED VERSION IS FORWARDED TO THE BOARD OF DIRECTORS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE SUPERVISORY COMMITTEE REGULARLY REVIEWS AND ENFORCES THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS INDEPENDENTLY DETERMINES COMPENSATION FOR THE CEO AND TOP MANAGEMENT OFFICIALS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE INCLUDED AS PART OF THE ANNUAL REPORT AND ARE MADE AVAILABLE TO CURRENT AND POTENTIAL MEMBERS.