2014-08-05T09:29:55-00:00 2013-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2013-01-01 916049071 SOLARITY CREDIT UNION SOLA 5092481720 PO BOX 2922 YAKIMA WA 98907 MINA WORTHINGTON PRESIDENTCEO 2014-08-05 true DOUGLAS ORTH 3052328272 2013 2015-11-30 17:44:51Z MINA WORTHINGTON PO BOX 2922 YAKIMA WA 98907 83983547 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 12 180 18 73332 52147 0 24347866 23199000 1479034 1247826 412942 308013 26239842 24754839 0 0 7818140 7792537 0 0 10910671 12304129 18728811 20096666 7511031 4658173 495661880 519871648 429154363 448814726 66507517 71056922 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. false false PROVIDE FINANCIAL SERVICES TO 48,033 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 false 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 true 6537 0 true 180 true true true false false false false false X 12 12 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 CHAIRMAN 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 DIRECTOR 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 406353 0 39980 ROGER WHITE CFO 040.00 040.00 X 53827 0 7 MICHAEL MOLTON CFO 040.00 040.00 X 45634 0 7 RALPH CUMBEE CHIEF LENDING OFFICER 040.00 040.00 X 180059 0 24119 PATRICIA NEIGHBORS CHIEF OPERATIONS OFFICER 040.00 040.00 X 149656 0 15212 LILLIE HIGGINBOTHAM MORTGAGE LOAN OFFICER 040.00 040.00 X 143008 0 6035 KIM MONFORT MORTGAGE LOAN PRODUCTION MANAGER 040.00 040.00 X 134804 0 15472 HILLARY ROY MORTGAGE LOAN OFFICER 040.00 040.00 X 123448 0 15218 SALLY BAILEY MORTGAGE LOAN OFFICER 040.00 040.00 X 128574 0 14434 1365363 130484 7 false true false JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 HDW/SFTW PRODUCTS MAINTENANCE 338911 TRIPLY CONSTRUCTION LLC PO BOX 2872 YAKIMA WA 98907 HDW/SFTW PRODUCTS MAINT 798961 INFOIMAGE 141 JEFFERSON DRIVE MENLO PARK CA 94025 STATEMENT PROCESSING 303425 BROADMOOR RV PO BOX 2384 PASCO WA 99302 RV SALES DEALER 281843 AMERICAN REPORTING CO 1909 214TH STREET STE 102 BOTHELL WA 98021 MORTGAGE APPRAISAL SERVICES 391785 14 INCOME ON LOANS 522100 16339679 16339679 FEE/OTHER INCOME 522100 6785989 6785989 UNRELATED BUSINESS INCOME 522200 73332 73332 23199000 1070706 1070706 193885 193885 193885 193885 59405828 59228708 177120 177120 177120 NET GAINS ASSOCIATED WITH MERGER 522100 114128 114128 114128 24754839 24681507 73332 0 0 0 0 914854 914854 0 4578636 4578636 250837 250837 1508524 1508524 539686 539686 182231 182231 38087 38087 42670 42670 0 0 718550 718550 476658 476658 1343866 1343866 36897 36897 0 351332 351332 132336 132336 0 12804 12804 1453140 1453140 146052 146052 1144547 1144547 127650 127650 SEE ATTACHED SCHEDULE 6097309 6097309 0 20096666 20096666 4493690 5235170 17962514 41819497 2702704 1891907 302582217 327981270 1685443 636796 26033586 9603894 18817510 16429692 93623654 93789517 47484181 23704550 860199 747738 5449768 7635511 495661880 519871648 10063807 7939630 1027365 5000000 15000000 413063191 425875096 429154363 448814726 X 66507517 71056922 66507517 71056922 495661880 519871648 4658173 -108768 X false true X true false 4860 4860 4860 true CREDIT UNION LEGISLATIVE ACTION FUND 18000 INTERNATIONAL BLVD SUITE 350 SEATAC WA 38188 4860 false 2726969 2726969 14695679 2650755 12044924 354845 300822 54023 8256093 6652317 1603776 16429692 Financial derivatives and other financial products Closely-held equity interests Federal income taxes SHARE DRAFTS 59914924 SHARES AND EQUIVALENTS 162120588 MONEY MARKET 63897091 IRA SHARES 26378576 CERTIFICATES 96338152 BUSINESS CHECKING 17225765 425875096 X 25469698 25469698 -714859 -714859 24754839 20811525 714859 714859 20096666 20096666 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 UBIT. 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 2012, 2011, AND 2010 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. XI 4B LOSS ON SALE OF BUILDING AND OREO PROPERTY INCLUDED IN REVENUE SECTION OF FORM 990. GAINS AND LOSSES ON SALES ARE NETTED AGAINST REVENUES FOR THE PURPOSES OF FORM 990 HOWEVER ARE INCLUDED IN EXPENSE FOR FINANCIAL REPORTING PURPOSES WITHIN THE AUDITED FINANCIAL STATEMENTS. XII 2D LOSS ON SALE OF BUILDING AND OREO PROPERTY INCLUDED IN REVENUE SECTION OF FORM 990. GAINS AND LOSSES ON SALES ARE NETTED AGAINST REVENUES FOR THE PURPOSES OF FORM 990 HOWEVER ARE INCLUDED IN EXPENSE FOR FINANCIAL REPORTING PURPOSES WITHIN THE AUDITED FINANCIAL STATEMENTS. X true true X X X X X false true false MINA WORTHINGTON PRESIDENT/CEO 321801 44950 39602 32800 7180 446333 RALPH CUMBEE CHIEF LENDING OFFICER 145289 25170 9600 17167 6952 204178 PATRICIA NEIGHBORS CHIEF OPERATIONS OFFICER 147989 1567 100 8256 6956 164868 KIM MONFORT MORTGAGE LOAN PRODUCTION MANAGER 68096 66708 8503 6969 150276 Part I Line 4B EMPLOYER CONTRIBUTIONS TO 457B PLANS PER BENEFITS POLICY MINA WORTHINGTON 17,500, RALPH CUMBEE 9,600. 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 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 VI, Section B, Line 11B THE CFO IS RESPONSIBLE FOR THE FORM 990. THE CFO AND CONTROLLER REVIEW AND APPROVE FOR SUBMISSION. THE FINAL SUBMITTED VERSION IS FORWARDED TO THE BOARD OF DIRECTORS FOR REVIEW. 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.