2014-05-01T15:05:00-08:00 2013-12-31 990 2013-01-01 910333066 KITSAP CREDIT UNION KITS PO BOX 990 BREMERTON WA 98337 SCOTT HENDERSON SVPCFO 3606622000 2014-05-01 2013 2015-11-30 17:44:51Z SCOTT HENDERSON 73462990 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 9 383 15 726909 726909 0 44419955 42235942 6160659 2671870 0 50580614 44907812 0 0 17649686 18280518 0 0 26700948 24434848 44350634 42715366 6229980 2192446 962776630 961036950 878606493 878893437 84170137 82143513 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. 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. COMMUNITY OUTREACH BRANCHES OFFERED IN HIGH SCHOOLS. 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 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 false false false false false false true 0 0 true 383 true true true false false false false false false false false false false false false false false false false false false false false X 9 9 false false false false true true false true true false false false false true true true true true true true false false WA X SCOTT HENDERSON 3606622000 PO BOX 990 BREMERTON WA 98337 ELLIOT GREGG PRESIDENTCEO 40 X 2268891 0 20959 KELLIE LETEXIER SVP COO 40 X 212331 0 18985 SCOTT HENDERSON SVP CFO 40 X 214106 0 18564 COLIN MORRISON SVP CIO 40 X 177739 0 17188 ANTHONY BULLERI SVP CLO 40 X 144446 0 5624 CAROLYN YOUNG VP OF BRANCH OPERATIONS 40 X 128471 0 14134 JON SCHULTZ INVESTMENT SERVICES REGISTERED REPRESENTATION 40 X 126167 0 14012 DONNA RANSIER VP OF INFORMATION TECHNOLOGY 40 X 115792 0 10807 JEANETTE HUGHES VP OF DEALER FINANCE 40 X 115245 0 11335 GEORGE HALL SENIOR COMMERCIAL LOAN OFFICER 40 X 110221 0 8855 MELINDA ANTHONY VP OF LENDING 40 X 104614 0 14347 RANDY MITCHELL LOAN SERVICING MANAGER 40 X 104840 0 13359 LAURA HOLLOWAY HR MANAGER 40 X 103837 0 13632 LEAH OLSON VP OF MARKETING 40 X 100430 0 13062 WENDIE JOHNSON CHAIR 8 X X 0 0 0 JIM ROWSON VICE CHAIR 8 X X 0 0 0 DOUG LUPTON TREASURER 5 X X 0 0 0 BILL SLACH SECRETARY 5 X X 0 0 0 CAROLYN MAXON DIRECTOR 5 X 0 0 0 BILL RUMBOLD DIRECTOR 5 X 0 0 0 BOB PODRAT DIRECTOR 5 X 0 0 0 DAVE ANDERSON DIRECTOR 5 X 0 0 0 WILLIAM NOGLE DIRECTOR 5 X 0 0 0 RALPH STRICKLAND DIRECTOR EMERITUS 1 X 0 0 0 LANNY ROSS SUPERVISORY COMMITTEE 5 X 0 0 0 GERDA OOSTMAN SUPERVISORY COMMITTEE 5 X 0 0 0 PETE SCHLICHER SUPERVISORY COMMITTEE 5 X 0 0 0 PAT DIBERT SUPERVISORY COMMITTEE 5 X 0 0 0 GARY BAKER SUPERVISORY COMMITTEE 5 X 0 0 0 4027130 194863 14 true true false DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 90051 BILL PAY SERVICE 1608504 VISA DPS PO BOX 742233 LOS ANGELES CA 90074 PLASTIC CARD DATA PROC SERV 934321 FISERV SOLUTIONS INC 75 REMITTANCE DRIVE STE 6945 CHICAGO IL 60675 SOFTWARE MAINTCONSULTING 463583 ALLCARE JANITORIAL SERVICE INC PO BOX 785 BELFAIR WA 98528 JANITORIAL SERVICE 432291 DIEBOLD INC PO BOX 643543 PITTSBURGH PA 15264 ATM AND ALARM EQUIP MAINT 304950 18 INTEREST ON LOANS 522130 29523746 29523746 FEE INCOME 522130 5471216 5471216 OTHER INCOME 522130 2857511 1943741 726909 DEBIT CARD INTERCHANGE 522130 4383469 4383469 42235942 2617787 2617787 23326848 5282413 23255317 5299861 71531 -17448 54083 -17448 54083 44907812 41304724 726909 2671870 X 2196926 11847567 457024 2527569 1251432 35574 136611 93930 1086771 1126506 4732347 3661561 2971325 123616 3446697 840721 294759 TOTAL PROVISION 2285828 LOAN EXPENSES 1335938 MISCELLANEOUS 2262664 42715366 0 0 0 22656164 20884538 15529262 17168007 608949170 611255666 2907094 3041836 55843007 17481205 36714312 38361802 267821905 264455031 872000 750034 7326723 5120036 962776630 961036950 31323573 6597014 62013 112073 847220907 872184350 878606493 878893437 84170137 82143513 84170137 82143513 962776630 961036950 2192446 -4219070 X X false false false false false 7124805 7124805 31417199 5323840 26093359 4969641 4705509 264132 12248849 7432325 4816524 82513 19531 62982 38361802 NCUA SHARE INSURANCE DEPOSIT 8603266 F FHLB STOCK 2466600 OVERNIGHT INVESTMENTS 17316504 OTHER INVESTMENTS 236068661 264455031 SHARES 300720237 CHECKING 183316509 MONEY MARKET 172479165 ESCROW SHARES 632493 IRA SHARES 26606757 SHARE CERTIFICATES 164689882 IRA SHARE CERTIFICATES 23739307 872184350 PART XII LINE 2B FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT CPA FOR THE PERIOD OF OCTOBER 2012 THROUGH SEPTEMBER 2013. true true false true false false false false false false false false ELLIOT GREGG 418385 5661 1844846 10780 10179 2289850 610755 KELLIE LETEXIER 211749 582 8368 10617 231316 215068 SCOTT HENDERSON 205381 8725 8385 10179 232670 249298 COLIN MORRISON 175224 2515 7009 10179 194926 183606 ANTHONY BULLERI 143942 503 468 5156 150070 CAROLYN YOUNG 126980 1491 5079 9055 142606 137161 JON SCHULTZ 124589 1578 4957 9055 140179 128533 DONNA RANSIER 115490 302 4620 6187 126599 124263 JEANETTE HUGHES 114787 459 4591 6744 126580 123834 GEORGE HALL 108983 1238 4359 4496 119076 166641 MELINDA ANTHONY 104211 404 4168 10179 118961 113027 RANDY MITCHELL 103744 1097 4303 9055 118199 LAURA HOLLOWAY 103455 382 4138 9494 117469 LEAH OLSON 100181 249 4007 9055 113492 PART VI SECTION A LINE 6 KITSAP CREDIT UNION HAD 93412 MEMBERS AS OF DECEMBER 31 2013. 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. PART VI SECTION A LINE 8A KCU RECORDS MEETING MINUTES FOR ALL COMMITTEE MEETINGS. PART VI SECTION B 11B THE ACCOUNTING MANAGER ACCOUNTING LEAD AND SVPCFO REVIEW THE RETURN FOR ACCURACY. 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. 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. 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. 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 2012 TO SEPTEMBER 2013. PART IX LINE 5 COMPENSATION FOR CURRENT OFFICERS DIRECTORS TRUSTEES AND KEY EMPLOYEES EXCLUDES CEO SERP OF 1789399 PAID OUT IN 2013 BECAUSE THE TOTAL AMOUNT WAS ACCRUED FOR OVER A NINE YEAR PERIOD FROM 2004-2013.