2015-08-10T09:05:19-07:00 2014-12-31 990 2014-01-01 910565128 Spokane Teachers Credit Union SPOK 5093261954 1620 North Signal Drive Liberty Lake WA 99019 Lindsey Myhre VP of Finance 2015-08-10 2014 2016-02-25 16:41:14Z 330307765 false false 1269 X www.stcu.org X 1934 WA STCU is committed to maximizing the value of every financial relationship through cost-effective financial services consistent with cooperative principles, applicable legislation, and prudent management. STCU serves 177,370 members as of 12/31/14. 11 11 641 21 130305 88950 63820 86486602 90995910 3559216 3854080 170137 59052 90304905 94972862 0 8996203 8685395 34355695 35440045 0 0 30458708 32027093 73810606 76152533 16494299 18820329 1845568779 2018708573 1647185142 1798742877 198383637 219965696 STCU is committed to maximizing the value of every financial relationship through cost-effective financial services consistent with cooperative principles, applicable legislation, and prudent management. STCU serves 177,370 members as of 12/31/14. false false STCU had outstanding loans of $1,717,645,297 at December 31, 2014, representing 104,090 individual loans. STCU offers credit cards; auto, RV, and boat loans; 1st mortgage real estate loans, other real estate loans and lines of credit; and commercial loans. Revenues from loan activities include interest income earned, as well as loan origination and servicing fees. STCU provides share and deposit products, including checking, savings, money market, certificates, and IRA/Keogh accounts. At December 31, 2014, STCU had total share and deposit balances of $1,382,947,494 representing 221,146 individual accounts. STCU paid members dividends on their share and deposit accounts $8,685,395 in 2014. STCU earns various fees on transactions, balances or other financial products as outlined in the membership agreement or published fee schedules. false false true false false false false false true false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false true 147273 0 true 641 true true true false false false false false false false false false false X 11 11 false false false false true true false true true false true true true true true true true true true true false X Spokane Teachers Credit Union 5093261954 1620 N Signal Drive Liberty Lake WA 99019 Delores Humiston Director 2.00 0.00 X 924 0 0 Wayne Leonard Supervisory Com 2.00 0.00 X 0 0 0 Cathy Doran Supervisory Com 2.00 0.00 X 0 0 0 Mike Rennaker Director 2.00 0.00 X 2791 0 0 Terri Alvarado Director 2.00 0.00 X 0 0 0 Georgia Miller Director 2.00 0.00 X 720 0 0 Wally Stanley Director 2.00 0.00 X 1276 0 0 Jay Walter Chairman 3.00 0.00 X 1295 0 0 Ron Vierra Director 2.00 0.00 X 940 0 0 Nick Leute Director 2.00 0.00 X 635 0 0 Chris Stevens Director 2.00 0.00 X 0 0 0 Robert Loomis Vice Chair 2.00 0.00 X 698 0 0 Chris Morlan Chairman 2.00 0.00 X 909 0 0 Margaret Patterson Director 2.00 0.00 X 0 0 0 Tammy Fleiger Vice President 40.00 0.00 X 181230 0 42234 Evelyn Hopkins Vice President 40.00 0.00 X 224213 0 50537 Keith Connolly Vice President 40.00 0.00 X 55715 0 3353 Barb Richey Vice President 40.00 0.00 X 151396 0 31335 William Before CFO 40.00 0.00 X 275567 0 308333 Thomas Johnson President & CEO 40.00 0.00 X 574878 0 211191 Belinda Caillouet Vice President 40.00 0.00 X 246388 0 53051 Laura Wood Dir of HR 40.00 0.00 X 113057 0 37898 Patricia Kelly Dir of IS 40.00 0.00 X 144169 0 29475 Dale Davaz Dir E-Business 40.00 0.00 X 115131 0 38762 Greg Swanson Dir Comm Lending 40.00 0.00 X 119813 0 34172 Patsy Gayda VP of Branches 40.00 0.00 X 94459 0 519 Jeffery Olson Director of Real Estate 40.00 0.00 X 149401 0 38038 2455605 878898 11 true true false Mike Pursel Advertising 8601 N Division St STE C Spokane WA 99208 Advertising 296746 Paine Hamblen LLP 717 W Sprague Suite 1200 Spokane WA 99201 Legal 259942 Corner Booth Media 114 W Pacific Suite 200 Spokane WA 99201 Advertising 119212 Argus Janitorial PO Box 13202 Spokane WA 99213 Janitorial 113700 Michael A Smith PO BOX 10803 Spokane WA 99209 Appraisal 91655 4 63820 63820 Fees and Service Charges 522100 16585838 16455533 130305 Loan Interest Income 522100 73076278 73076278 Loan Svc and Origination 522100 1333794 1333794 90995910 3587888 3587888 0 0 520126 461074 59052 59052 59052 44609246 190530775 44599496 190274333 9750 256442 266192 266192 0 0 0 0 94972862 91131797 130305 3646940 0 0 0 8685395 2419609 0 23476265 2308845 5020211 2215115 0 121593 64237 0 0 0 1029118 2222511 2169441 1696502 0 2382752 0 0 834816 2482458 0 2569905 0 Processing Expense 7639313 Provision for Loan Loss 6530080 Loan Servicing Expense 1287897 Postage and Shipping 879140 117330 76152533 0 0 0 825774 1689600 42337113 38056034 0 0 0 0 1520869644 1704184010 0 1387411 5560070 76154217 31952031 42799932 44202186 199578580 183296179 6103800 8260900 0 0 31666525 33459594 1845568779 2018708573 13525136 12548565 2924877 3200864 131524675 171269265 1499210454 1611724183 1647185142 1798742877 X 198383637 219965696 198383637 219965696 1845568779 2018708573 X 18820329 202941 2558789 X true X true X true false 38013 38013 38013 true Credit Union Legislative Action Fun 33301 9th Ave SE STE 200 Federal Way WA 98003 800043051 26013 Marcus Riccelli PO Box 1325 Spokane WA 99210 455222828 950 Committe to Elect Steve Hobbs 3309 114th Dr NE Lake Stevens WA 98258 204733784 1000 Tim Ormsby PO Box 2177 Spokane WA 99210 550876251 950 Committe to Elect Brian Dansel 15333 Hwy 21 South Republic WA 99166 272437890 950 Committe to Elect Jeff Holy PO Box 40285 Spokane WA 99220 271702790 950 Joe Schmick 830 Southview Colfax WA 99111 450582705 950 Joe Kretz 1014 Toroda Creek Rd Wanconda WA 98859 721573462 950 Citizens for Michael J Baumgartner PO Box 171 Spokane WA 99201 271747900 950 Committe to Elect Bob McCaslin PO Box 1462 Veradale WA 99037 471241302 750 Wilhite For 4th District State Rep PO Box 14932 Spokane WA 99214 270399349 750 Shelly for State PO Box 37 Addy WA 99101 680674661 950 Committe to Elect Kevin Parker PO Box 198 Spokane WA 99210 260348064 950 Friends for Susan Fagan Political PO Box 1471 Pullman WA 99163 264513295 950 Part I-A, Line 1 - Direct and Indirect Political Campaign Activities STCU has a political action policy and may provide financial support on a non-partisan basis to individuals who support the credit union movement in Washington State legislative offices, Washington State elected executive positions, or Washington State Supreme Court Justices. false true X 10030533 10030533 35718317 11378228 24340089 869988 674195 195793 29535379 19899608 9635771 44202186 Deposit Accounts - Certificates 390985362 Deposit Accounts - Checking 262316425 Deposit Accounts - IRA Certificates 34076964 Deposit Accounts - IRA Shares 84232549 Deposit Accounts - Money Market Accounts 613074419 Deposit Accounts - Savings 227038464 1611724183 X 94811217 202941 202941 94608276 364586 364586 94972862 75787947 75787947 364586 364586 76152533 Part IV, Line 2b: Explanation of escrow account liability STCU manages escrow accounts for property tax and insurance payments as a service for members who have 1st mortgage real estate loans. Part X : FIN48 Footnote Part X Line 2: FIN 48From audited Financial Statements, Footnote Disclosure on Income Taxes: The Credit Union is exempt, under IRC 501(c) 14, from federal and state income taxes. Certain products and services provided by select state chartered credit unions have been deemed by the Internal Revenue Service (IRS), in technical advice memorandums (TAMs) released in 2007, to be unrelated to the specific entity's exempt purpose. As presented in the technical advice memorandums the net taxable income from these products and services would be subject to income taxes. Credit Unions have litigated against the IRS positions noted in the TAMs and have been successful in having courts declare in 2009 and 2010 that revenue from insurance and investment products sold to members, helping them protect their financial wellbeing, qualifies as exempt purpose income, contrary to the IRS position in the TAM's.The Credit Union has filed tax returns for the tax years 2006 through 2013 for activities they have deemed taxable. The Credit Union adopted the income tax standard for uncertain tax positions on January 1, 2009. As a result of implementation, the Credit Union evaluated its tax positions and determined no uncertain tax positions exist as of December 31, 2013.The Credit Union's 2007 through 2013 tax years are open for examination by federal and state taxing authorities. Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S Rental Income - Recovery of CAM expenses $-96487 Rental Expenses $461073 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Rental Income - Recovery of CAM expenses $-96487 Rental Expenses $461073 X true true X X X X X false true false Barb Richey Vice President 132982 13740 4674 24054 7281 182731 8532 Belinda Caillouet Vice President 221901 21024 3463 38702 14349 299439 12107 Dale Davaz Dir E-Business 103923 10214 994 18840 19922 153893 6190 Evelyn Hopkins Vice President 201477 18595 4141 36188 14349 274750 10467 Greg Swanson Dir Comm Lending 109214 10482 117 17323 16849 153985 6373 Jeffery Olson Director of Real Estate 136790 12571 40 23689 14349 187439 Laura Wood Dir of HR 101098 9927 2032 17976 19922 150955 5995 Patricia Kelly Dir of IS 132131 11947 91 22194 7281 173644 7232 Patsy Gayda VP of Branches 76255 10382 7822 519 94978 10382 Tammy Fleiger Vice President 159290 16935 5005 29838 12396 223464 9589 Thomas Johnson President & CEO 453602 93062 28214 195642 15549 786069 45518 William Before CFO 242314 25402 7851 288411 19922 583900 1426914 Part I, Line 1a: Relevant information in regards to selections on 1a. STCU Board and Supervisory Committee members will not be compensated for services rendered to STCU in the capacity as volunteers. However, Board and Supervisory Committee members may be reimbursed for reasonable expenses incurred on behalf of themselves and their spouse during the performance of their duties in accordance with a policy established by the board. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder STCU is a state chartered credit union organized under the provisions of the Washington Credit Union Act. The membership base of STCU consists of people who live, work, worship or attend school in the state of Washington or Counties in Northern Idaho. STCU members elect the board of directors and the supervisory committee members. Form 990, Part VI, Line 11b: Form 990 Review Process The Form 990 is prepared by the Accounting Manager. It is reviewed by the Director Finance,and by the Chief Executive Officer; the form 990 is reviewed with the Board of Directors prior to filing. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Volunteer members of the Board of Directors, Supervisory Committee, and any affiliate members will be required to review the Volunteer Code of Ethics and Personal Conduct Policy and sign the acknowledgement and agreement on the Conflict of Interest Disclosure Form on an annual basis. These will be reviewed by the Board chair and vice chair. Any conflict of interest concerns will be reviewed by the Board Executive Committee. In the event a conflict exists in the judgment of the Board Executive Committee, the Board chair or vice chair and the volunteer will take appropriate steps to eliminate the conflict. Members of executive management are required to complete on an annual basis a Conflict of Interest Disclosure Form. The chair and vice chair of the Board of Directors and the president/CEO are responsible to review the forms for any potential conflict of interest. In the event a conflict exists, the chair, vice chair, president/CEO and the employee will take appropriate steps to resolve the conflict. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The Board of Directors is responsible for determining the compensation of the president/CEO. The Human Resource committee of the Board of Directors engages an outside compensation consultant to review the compensation of the president/CEO, provide data of comparable compensation for other similarly qualified positions in the credit union or financial services industry, and to assist in the review and/or development of the compensation philosophy. The Human Resource committee recommends the total compensation package for the president/CEO to the Board of Directors for approval. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees In order to attract and retain quality employees, STCU is committed to paying salaries which are nondiscriminatory, equitable, and competitive with the salaries paid by other companies in our industry and surrounding area.The Human Resource department staff participates in a variety of annual salary surveys for other executive management positions, key employees and all other staff positions and submits recommendations for any compensation adjustments to the president/CEO or the Executive Management team for approval and effective date of changes. Positions are evaluated to determine relevant job titles, job descriptions, and salary ranges. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Governing documents, policies and financial statements may be requested by writing to Thomas Johnson, President/CEO, STCU, 1620 N. Signal Drive, Liberty Lake, WA 99019. Other Changes In Net Assets Or Fund Balances - Other Increases = $2558789