2015-08-13T05:39:57-00:00 2014-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2014-01-01 916049071 SOLARITY CREDIT UNION SOLA 5092481720 PO BOX 2922 YAKIMA WA 98907 MINA WORTHINGTON PRESIDENTCEO 2015-08-13 true DOUGLAS ORTH 3052328272 2015-08-13 2014 2016-02-25 16:41:14Z MINA WORTHINGTON PO BOX 2922 YAKIMA WA 98907 38232269 false 1269 X WWW.SOLARITYCU.ORG X CREDIT UNION 1951 WA PROVIDE FINANCIAL SERVICE 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. 12 9 190 15 64143 46048 0 23199000 20116361 1247826 1017776 308013 5146353 24754839 26280490 0 0 7792537 7835982 0 0 12304129 10736682 20096666 18572664 4658173 7707826 519871648 552028853 448814726 473037532 71056922 78991321 X PROVIDE FINANCIAL SERVICE 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. true false PROVIDE FINANCIAL SERVICES TO 48,161 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. false false true 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 true 5464 0 true 190 true true true false false false false false X 12 9 false false false false true true true true true false false false true true true true true true true false X MINA WORTHINGTON 5092481720 401 TIETON DRIVE YAKIMA WA 98902 JIM HURLEY DIRECTOR 001.00 001.00 X 0 0 0 JERRY KOBES VICE CHAIR 001.00 001.00 X 0 0 0 TERRY MORGAN SECRETARY 001.00 001.00 X 0 0 0 CRAIG BAIRD DIRECTOR 001.00 001.00 X 0 0 0 MICHAEL MEYER DIRECTOR 001.00 001.00 X 0 0 0 VERA FRANK DIRECTOR 001.00 001.00 X 0 0 0 PEGGY DAVENPORT DIRECTOR 001.00 001.00 X 0 0 0 MARK CHMELEWSKI DIRECTOR 001.00 001.00 X 0 0 0 GARY KISSLING CHAIRMAN 001.00 001.00 X 0 0 0 MARK KRANZ DIRECTOR 001.00 001.00 X 0 0 0 JOANN MILLER-ROSE DIRECTOR 001.00 001.00 X 0 0 0 DOUG NICHOLSON DIRECTOR 001.00 001.00 X 0 0 0 MINA WORTHINGTON PRESIDENT/CEO 040.00 040.00 X 422913 0 38456 RALPH CUMBEE CHIEF LENDING OFFICER 040.00 040.00 X 197444 0 24195 PATRICIA NEIGHBORS CHIEF OPERATIONS OFFICER 040.00 040.00 X 173348 0 25308 MATTHEW RUSSELL CFO 040.00 040.00 X 100156 0 9719 LILLIE HIGGINBOTHAM MORTGAGE LOAN OFFICER 040.00 040.00 X 100855 0 11831 KIM MONFORT MORTGAGE LOAN PRODUCTION MANAGER 040.00 040.00 X 120454 0 15620 HILLARY ROY MORTGAGE LOAN OFFICER 040.00 040.00 X 89411 0 11740 SALLY BAILEY MORTGAGE LOAN OFFICER 040.00 040.00 X 128574 0 13335 1333155 150204 8 false true false JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 HDW/SFTW PRODUCTS MAINTENANCE 1503650 BLUE DOG RV 412 S ELY ST KENNEWICK WA 99336 RV SALES DEALER 267052 INFOIMAGE 141 JEFFERSON DRIVE MENLO PARK CA 94025 STATEMENT PROCESSING 319986 BROADMOOR RV PO BOX 2384 PASCO WA 99302 RV SALES DEALER 425005 AMERICAN REPORTING CO 1909 214TH STREET STE 102 BOTHELL WA 98021 MORTGAGE APPRAISAL SERVICES 320100 16 INCOME ON LOANS 522100 16996017 16996017 FEE/OTHER INCOME 522100 3056201 3056201 UNRELATED BUSINESS INCOME 522200 64143 64143 20116361 1182053 1182053 167669 167669 167669 167669 11750091 37411 11799177 152602 -49086 -115191 -164277 -164277 NET GAINS ASSOCIATED WITH MERGER 522100 906001 906001 OTHER INCOME 515100 4072683 4072683 4978684 26280490 26216347 64143 0 0 0 0 991539 991539 0 4423015 4423015 266023 266023 1591504 1591504 563901 563901 78404 78404 52168 52168 110684 110684 0 0 1374813 1374813 458645 458645 1051699 1051699 70183 70183 0 371332 371332 131434 131434 0 14170 14170 1717521 1717521 149681 149681 1279421 1279421 124833 124833 SEE ATTACHED SCHEDULE 3751694 3751694 0 18572664 18572664 5235170 5473709 41819497 30198732 1891907 1906709 327981270 380661105 636796 804167 26838162 9623542 16429692 17214620 93789517 105115623 23704550 2062188 747738 637815 7635511 7954185 519871648 552028853 7273509 8542352 666121 824845 15000000 30000000 425875096 433670335 448814726 473037532 X 71056922 78991321 71056922 78991321 519871648 552028853 7707826 226573 X false true X true false 4992 4992 4992 true CREDIT UNION LEGISLATIVE ACTION FUND 18000 INTERNATIONAL BLVD SUITE 350 SEATAC WA 98188 4992 false true 2726969 2726969 14782270 3123326 11658944 1233 514 719 9327690 6499702 2827988 17214620 Financial derivatives and other financial products Closely-held equity interests Federal income taxes SHARE DRAFTS 63099580 SHARES AND EQUIVALENTS 167008239 MONEY MARKET 71254868 IRA SHARES 22869298 CERTIFICATES 92548100 BUSINESS CHECKING 16890250 433670335 X 26280490 26280490 26280490 18572664 18572664 18572664 X 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 501C14. 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 UNIONS 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 2013, 2012 AND 2011 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 true true X X X X false true false MINA WORTHINGTON PRESIDENT/CEO 352748 43065 27100 32375 6081 461369 RALPH CUMBEE CHIEF LENDING OFFICER 170696 16748 10000 18114 6081 221639 PATRICIA NEIGHBORS CHIEF OPERATIONS OFFICER 150682 13500 9166 19322 5986 198656 Part I Line 4B EMPLOYER CONTRIBUTIONS IN 2014 MINA WORTHINGTON 15,000, RALPH CUMBEE 10,000, PATRICIA NEIGHBORS 10,000, CARRIE GABBARD 3,000, KIM MONFORT 3,000, 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 BODYS ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. Form 990, Part VI, Section B, Line 11B 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 ORGANIZATIONS 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. Form 990, Part III, Line 2 SOLARITY CREDIT UNION BEGAN OFFERING REMOTE DEPOSIT CAPTURE FOR BUSINESSES DURING 2014.