2015-04-23T15:22:00-08:00 2014-12-31 990 2014-01-01 910333066 KITSAP CREDIT UNION KITS PO BOX 990 BREMERTON WA 98337 SCOTT HENDERSON SVPCFO 3606622000 2015-04-16 2014 2016-02-25 16:41:14Z SCOTT HENDERSON 106309397 false X WWW.KITSAPCU.ORG X 1934 WA A NOT-FOR-PROFIT FINANCIAL COOPERATIVE OFFERING CHECKING AND SAVINGS PROGRAMS LENDING AND RELATED SERVICES TO MEMBERS WHO LIVE WORK OR WORSHIP IN THE STATE OF WASHINGTON. KITSAP CREDIT UNION (KCU) ALSO PROVIDES FINANCIAL LITERACY PROGRAMS AND IS ACTIVELY INVOLVED IN COMMUNITY OUTREACH PROGRAMS. 9 9 361 15 761515 761515 0 42235942 40286673 2671870 3974692 0 44907812 44261365 0 0 18280518 16571397 0 0 24434848 17580759 42715366 34152156 2192446 10109209 961036952 987759193 878893439 891136858 82143513 96622335 TO OFFER CHECKING SAVINGS AND LENDING PROGRAMS TO MEMBERS WHO LIVE WORK AND WORSHIP IN THE STATE OF WASHINGTON. KCU ALSO PROVIDES FINANCIAL LITERACY PROGRAMS AND IS ACTIVELY INVOLVED IN COMMUNITY OUTREACH PROGRAMS. false false SECURED AND UNSECURED LOANS ISSUED TO CREDIT UNION MEMBERS AS RELATED TO THE EXEMPT PURPOSE OF KCU. THE TYPES OF LOANS ISSUED INCLUDE DIRECT AND INDIRECT VEHICLE LOANS VISA'S HOME EQUITY LOANS AND MORTGAGE LOANS. 522130 SAVINGS PROGRAMS THAT ARE PROVIDED TO CREDIT UNION MEMBERS AS RELATED TO THE EXEMPT PURPOSE OF KCU. THE TYPES OF ACCOUNTS OFFERED ARE CHECKING MONEY MARKET ACCOUNTS IRA ACCOUNTS REGULAR SAVINGS AND CERTIFICATES. 522130 COMMUNITY INVOLVEMENT INCLUDING DONATION OF STAFF TIME IN THE COMMUNITY. KCU ALSO OFFERS MANY FINANCIAL LITERACY CLASSES FOR CHILDREN AND ADULTS. false false false false false false false false true true false false true false false 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 true 16233 0 true 361 true true true false false false false false X 9 9 false false false false true true false true true false false false true true true true true true true false X SCOTT HENDERSON 3606622000 155 WASHINGTON AVE BREMERTON WA 98337 ELLIOT GREGG PRESIDENTCEO 40 X 749285 0 20713 KELLIE LETEXIER SVP COO 40 X 222448 0 18716 SCOTT HENDERSON SVP CFO 40 X 226798 0 17579 COLIN MORRISON SVP CIO 40 X 185164 0 16951 ANTHONY BULLERI SVP CLO 40 X 157841 0 13065 CAROLYN YOUNG VP OF BRANCH OPERATIONS 40 X 133764 0 14104 JON SCHULTZ INVESTMENT SERVICES REGISTERED REPRESENTATIVE 40 X 132750 0 13944 MELINDA ANTHONY VP OF LENDING 40 X 108195 0 13988 RENEE MARTIN COMMERCIAL LENDING MARKET MANAGER 40 X 106205 0 6611 LAURA HOLLOWAY HR MANAGER 40 X 105040 0 13338 WENDIE JOHNSON CHAIR 8 X 0 0 0 JIM ROWSON VICE CHAIR 8 X 0 0 0 DOUG LUPTON TREASURER 5 X 0 0 0 DAVE ANDERSON DIRECTOR 5 X 0 0 0 CAROLYN MAXON DIRECTOR 5 X 0 0 0 BOB PODRAT DIRECTOR 5 X 0 0 0 WILLIAM NOGLE DIRECTOR 5 X 0 0 0 SUSAN BAKER ASSOCIATE DIRECTOR 5 X 0 0 0 LINDA BROWN DIRECTOR 5 X 0 0 0 VICKI GAMBRELL ASSOCIATE DIRECTOR 5 X 0 0 0 RALPH STRICKLAND DIRECTOR EMERITUS 1 X 0 0 0 2127490 149009 12 true true false DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 90051 BILL PAY SERVICE 1554856 VISA DPS PO BOX 742233 LOS ANGELES CA 90074 PLASTIC CARD DATA PROC SERV 746397 GIBSON MEDIA INC 108 S WASHINGTON ST STE 204 SEATTLE WA 98104 ADVERTISING 488840 FISERV INC PO BOX 99924 GRAPEVINE TX 76099 SOFTWARE MAINTCONSULTING 430248 ALLCARE JANITORIAL SERVICE INC PO BOX 785 BELFAIR WA 98528 JANITORIAL SERVICE 426021 18 INTEREST ON LOANS 522130 27624527 27624527 FEE INCOME 522130 5373790 5373790 OTHER INCOME 522130 2631798 1870282 761515 DEBIT CARD INTERCHANGE 522130 4656558 4656557 40286673 3731961 3731961 59001472 3289290 58725368 3322663 276104 -33373 242731 -33372 242731 44261365 39491784 761515 3974692 1628559 11284830 440987 2121019 1096002 36524 168822 121503 1026908 1164123 3943193 4092021 3017845 225880 1987199 908069 287429 TOTAL PROVISION -2078582 LOAN EXPENSES 1218380 MISCELLANEOUS 1461445 34152156 0 0 0 20884538 19775820 17168007 34380996 611255667 652988306 3041836 5649180 54563060 19154058 38361802 35409002 264455032 233839028 750034 645082 5120036 5071779 961036952 987759193 6597014 7781384 112073 297978 872184352 883057496 878893439 891136858 82143513 96622335 82143513 96622335 961036952 987759193 10109209 4369613 X false false false false 7124805 7124805 31469266 6105466 25363800 4966516 4825618 140898 10907388 8183588 2723800 95085 39386 55699 35409002 NCUA SHARE INSURANCE DEPOSIT 8571968 F FHLB STOCK 2370800 OVERNIGHT INVESTMENTS 18681806 OTHER INVESTMENTS 204214454 233839028 SHARES 319420581 CHECKING 206135722 MONEY MARKET 159432273 ESCROW SHARES 589863 IRA SHARES 26365865 SHARE CERTIFICATES 149800689 IRA SHARE CERTIFICATES 21312503 883057496 PART XII LINE 2B FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT CPA FOR THE PERIOD OF OCTOBER 2013 THROUGH SEPTEMBER 2014. false true false true false false false false false false ELLIOT GREGG 415140 63978 270167 11037 9677 769999 KELLIE LETEXIER 221417 450 582 8703 10013 241164 SCOTT HENDERSON 211524 450 14824 7902 9677 244377 COLIN MORRISON 181409 450 3305 7274 9677 202114 ANTHONY BULLERI 156719 450 671 6287 6778 170906 FORM 990 PART VI SECTION A LINE 6 KITSAP CREDIT UNION HAD 91346 MEMBERS AS OF DECEMBER 31 2014. FORM 990 PART VI SECTION A LINE 7A MEMBERS ELECT ALL DIRECTORS FOR A 3-YEAR TERM. THEY CAN RUN FOR RE-ELECTION. BALLOTS ARE MAILED TO ALL MEMBERS DURING THE 1ST QUARTER EACH YEAR. FORM 990 PART VI SECTION A LINE 8A KCU RECORDS MEETING MINUTES FOR ALL COMMITTEE MEETINGS. FORM 990 PART VI SECTION B 11B THE ACCOUNTING MANAGER ACCOUNTING LEAD AND SVPCFO REVIEW THE RETURN FOR ACCURACY. FORM 990 PART VI SECTION B LINE 12C THE CODE OF CONDUCTCONFLICT INTEREST POLICY IS REQUIRED TO BE REVIEWED AND SIGNED (WITH OR WITHOUT DISCLOSURES) OR ACKNOWLEDGED (BY ELECTRONIC SIGNATURE) UPON HIRE FOR NEW EMPLOYEES AND ANNUALLY THEREAFTER FOR ALL STAFF OFFICIALS AND DIRECTORS. ACKNOWLEDGEMENTS RECEIVED FROM INDIVIDUALS WHO DISCLOSE A POTENTIAL CONFLICT ARE FORWARDED TO THE CEO OR CFO FOR REVIEW AND APPROVAL. FORM 990 PART VI SECTION B LINE 15ALINE 15B KITSAP CREDIT UNION USES AN OUTSIDE COMPENSATION CONSULTANT (ONE FOR STAFF AND ANOTHER FOR EXECUTIVE COMPENSATION) TO DETERMINE MARKET RANGES FOR PAY FOR ALL POSITIONS. THE HUMAN RESOURCES DEPT. WORKS WITH THE CONSULTANTS TO ENSURE PAY RANGES ARE COMPETITIVE AND WITHIN THE MARKET. ACTUAL INDIVIDUAL PAY FOR THE CEO IS DETERMINED BY THE BOARD OF DIRECTORS. PAY FOR OFFICERS IS DETERMINED BY THE CEO. FORM 990 PART VI SECTION C LINE 19 KITSAP CREDIT UNION MAKES THE MONTHLY FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY POSTING THEM IN EACH BRANCH. GOVERNING DOCUMENTS SUCH AS ARTICLES OF INCORPORATION ARE AVAILABLE UPON REQUEST. CONFLICT OF INTEREST POLICIES ARE NOT MADE PUBLIC. FORM 990 PART XII LINE 2A2C KCU HAS A SUPERVISORY COMMITTEE THAT OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS. THIS COMMITTEE ALSO SELECTS THE AUDITING FIRM. THE FINANCIAL STATEMENTS WERE AUDITED BY MOSS ADAMS WITH THE AUDIT TERM OF OCTOBER 2013 TO SEPTEMBER 2014.