2016-07-15T20:25:32-07:00 2015-12-31 990 2015-01-01 910564946 CREDIT UNIONS IN THE STATE OF WASHINGTON CRED 5098386157 PO BOX 48275 Spokane WA 992281275 Margaret Burkholz CEO 5092328906 2016-06-06 2015 2016-09-27 15:27:22Z PrimeSource Credit Union 9707 N Nevada Spokane WA 99218 3696826 0 1269 X primesourcecu.org X 1935 WA Credit Union operated without profit for mutual purposes 7 7 35 10 0 0 0 0 3035287 3392680 103938 96111 219124 208035 3358349 3696826 0 0 233524 324813 1198718 1289732 0 0 0 1430937 1639236 2863179 3253781 495170 443045 62277765 66887543 1382541 956996 60895224 65930547 Credit Union Operated without profit for mutual purposes 0 0 3253781 0 0 Credit Union Programs: Providing financial services to 6485 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 0 0 0 3253781 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 35 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 0 0 X 0 0 0 Jeff Hansen Board Member 0 0 X 0 0 0 Mark Henry Board Member 0 0 X 0 0 0 Clint Price Board Member - Vice Chair 0 0 X 0 0 0 Lindsey Aulisio Supervisory Committee Member 0 0 X 0 0 0 Leonard Selvaggio Board of Director - Chairman 0 0 X 0 0 0 Homer Todd Board of Dircctor 0 0 X 0 0 0 Charlanne Arthur Supervisor Committee Member 0 0 X 0 0 0 Egon Dezihan Board Member 0 0 X 0 0 0 Linda Queen Supervisory Committee Member 0 0 X 0 0 0 Margaret Burkholz Exec Director/CEO 40 0 X X X 175954 0 0 Deanna Hanley Vice President - Finance 40 0 X 6323 0 0 Annettee Babb Vice President - Operations 40 0 X 74877 0 0 Kevin Spoerl Vice President - Lending 40 0 X 82419 0 0 Renee Robertson VP of Finance 0 0 X 23406 0 0 Steven Pilc VP of Finance 0 0 X 23015 0 0 385994 0 0 1 1 1 0 0 0 Interest on loans to members 522130 3043923 3043923 0 0 Service Fees 522130 348757 348757 0 0 0 0 0 0 3392680 96111 96111 0 0 0 0 0 0 0 0 0 0 0 0 0 0 208035 208035 0 0 208035 3696826 3696826 0 0 0 0 0 0 0 0 324813 324813 385994 385994 0 0 0 0 555228 555228 180380 180380 89853 89853 78277 78277 0 0 13790 13790 9671 9671 58430 58430 72238 72238 105813 105813 257693 257693 216149 216149 41970 41970 112820 112820 43474 43474 loan servicing costs 245237 245237 0 0 Provision for loan and courtesy pay loss 230000 230000 0 0 member service costs 225156 225156 0 0 Misc. oreo, losses etc 6333 6333 0 0 462 462 0 0 3253781 3253781 0 0 4459237 5299449 5210515 5599033 627 11251 50070049 51229534 329958 345883 5444631 1276136 1968086 4168495 65166 64778 174127 169120 62277765 66887543 506329 206629 876212 750367 1382541 956996 X 53389088 57876321 0 0 7506136 8054226 60895224 65930547 62277765 66887543 X 443045 0 0 0 0 4592278 X 1 X 1 1 0 1422231 0 1422231 2979683 0 569278 2410405 0 0 0 0 0 0 0 0 1042717 0 706858 335859 4168495 settlement and Clearning Accounts/Pension 750367 750367 3696826 0 0 0 0 0 3696826 0 0 0 3696826 3253781 0 0 0 0 0 3253781 0 0 0 3253781 X X 1 0 0 Margaret Burkholz Exec Director/CEO 135954 0 40000 0 0 0 0 0 0 0 175954 0 Deanna Hanley Vice President - Finance 6323 0 0 0 0 0 0 0 0 0 6323 0 0 Annettee Babb Vice President - Operations 58210 0 16667 0 0 0 0 0 0 0 74877 0 Kevin Spoerl Vice President - Lending 60752 0 21667 0 0 0 0 0 0 0 82419 0 0 Schedule J, Part I, Line 4 The board made an exception and paid out three months salary, medical and dental for Renee Robertson. Form 990, Part VI, Section A, Line 6 The organization is a credit union, by definition a financial cooperative, composed of 6493 members who hold savings account 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 6377 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 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 its submission. Form 990, Part VI, Section B, Line 15 use an annual formal evaluation form along with CUNA salary survey guide Form 990, Part VI, Section C, Line 19 PrimeSource Credit Union publishes its financial statements each year during the annual meeting of it members and on it's website. Copies of these statements are also available upon the request from individuals at our offices. Additionally, we provide our 990 for review up requests 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 charges in net assets or finds balances can be directly attributed to a change in member share deposits combined with a change in other compressive income.