2014-07-31T09:41:07-07:00 2013-12-31 990 2013-01-01 910565128 Spokane Teachers Credit Union SPOK 5093261954 1620 North Signal Drive Liberty Lake WA 99019 Lindsey Myhre Dir of Acct/Finance 2014-07-31 2013 2015-11-30 17:44:51Z 346929825 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 162,470 members as of 12/31/13. 13 13 590 21 120265 -386 118239 88950 84830187 86486602 5897991 3559216 221401 170137 91067818 90304905 0 10582295 8996203 31344452 34355695 0 0 28103371 30458708 70030118 73810606 21037700 16494299 1712656795 1845568779 1526866068 1647185142 185790727 198383637 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 162,470 members as of 12/31/13. false false STCU had outstanding loans of $1,535,835,935 at December 31, 2013, representing 98,641 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, 2013, STCU had total share and deposit balances of $1,499,210,454 representing 206,602 individual accounts. STCU paid members dividends on their share and deposit accounts $8,996,203 in 2013. 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 139847 0 true 590 true true false false false false false false false false false false X 13 13 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 709 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 4.00 0.00 X 3847 0 0 Carol Nelson Director 2.00 0.00 X 110 0 0 Georgia Miller Chair 3.00 0.00 X 791 0 0 Wally Stanley Director 2.00 0.00 X 1479 0 0 Terri Alvarado Director 2.00 0.00 X 0 0 0 Jay Walter Director 2.00 0.00 X 2077 0 0 Ron Vierra Director 2.00 0.00 X 758 0 0 Robert Jayne Director 2.00 0.00 X 1661 0 0 Ivonne Pena Director 2.00 0.00 X 0 0 0 Robert Loomis Vice Chair 2.00 0.00 X 261 0 0 Chris Morlan Chairman 2.00 0.00 X 1164 0 0 Don Trail Supervisory Com 2.00 0.00 X 0 0 0 Margaret Patterson Director 2.00 0.00 X 0 0 0 John Young Director 2.00 0.00 X 526 0 0 Tammy Fleiger Vice President 40.00 0.00 X 163407 0 30935 Evelyn Hopkins Vice President 40.00 0.00 X 168218 0 40339 Patsy Gayda Vice President 40.00 0.00 X 170444 0 34779 Barb Richie Vice President 40.00 0.00 X 142699 0 29823 William Before CFO 40.00 0.00 X 238771 0 258612 Thomas Johnson President & CEO 40.00 0.00 X 516639 0 170611 Belinda Caillouet Vice President 40.00 0.00 X 195683 0 45134 Laura Wood Dir of HR 40.00 0.00 X 111903 0 33820 Patricia Kelly Dir of IS 40.00 0.00 X 139844 0 28681 Dale Davaz Dir E-Business 40.00 0.00 X 112365 0 34438 Greg Swanson Dir Comm Lending 40.00 0.00 X 116122 0 20588 Jeffery Olson Dir Real Estate 40.00 0.00 X 143069 0 33069 Scott Adkins VP of Lending 40.00 0.00 X 164769 0 34456 2397316 795285 13 true true false Mike Pursel Advertising 8601 N Division St STE C Spokane WA 99208 Advertising 534886 Phillabaum Ledlin 421 W Riverside 900 Spokane WA 99201 Legal 112941 Moss Adams LLP PO Box 748369 Los Angeles CA 90074 Audit Services 71631 Argus Janitorial PO Box 13202 Spokane WA 99213 Janitorial 116554 Robert Mulvey 4914 W Howesdale Dr Spokane WA 99208 Appraisal 60985 3 88950 88950 Fees and Service Charges 522100 15767533 15647268 120265 Loan Interest Income 522100 69348290 69348290 Loan Svc and Origination 522100 1370779 1370779 86486602 3093702 3093702 0 0 685343 515206 170137 170137 170137 64346103 192229125 64302403 191807311 43700 421814 465514 465514 0 0 0 0 90304905 86831851 120265 3263839 0 0 0 8996203 2219477 0 22668076 2165248 5173388 2129506 0 59463 109938 0 0 0 980372 2275730 2077025 1393764 0 2211452 0 0 839203 2376673 0 2904319 0 Processing Expense 6544959 Provision for Loan Loss 5898471 Loan Servicing Expense 1178734 NCUSIF Premium 1136810 471795 73810606 0 0 0 124216 825774 57900837 42337113 0 0 0 0 1349508498 1520869644 0 721072 1387411 76297894 33497962 41271879 42799932 226856520 199578580 5071500 6103800 0 0 31202273 31666525 1712656795 1845568779 11998706 13525136 2813166 2924877 101345737 131524675 1410708459 1499210454 1526866068 1647185142 X 185790727 198383637 185790727 198383637 1712656795 1845568779 X 16494299 1261433 -5162822 X true X true X true false 24196 24196 24196 true Credit Union Legislative Action Fun 33301 9th Ave SE STE 200 Federal Way WA 98003 800043051 24196 false true X 9604307 9604307 34896036 10346463 24549573 869988 622103 247885 30927563 22529396 8398167 42799932 Deposit Accounts - Certificates 373567182 Deposit Accounts - Checking 230104172 Deposit Accounts - IRA Certificates 95611193 Deposit Accounts - IRA Shares 26747803 Deposit Accounts - Money Market Accounts 584500525 Deposit Accounts - Savings 188679579 1499210454 X 91138925 1261433 1261433 89877492 427413 427413 90304905 73383193 73383193 427413 427413 73810606 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 $-87793 Rental Expenses $515206 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Rental Income - Recovery of CAM expenses $-87793 Rental Expenses $515206 X true true X X X X X false true false Barb Richie Vice President 123803 14266 4630 23851 5972 172522 6343 Belinda Caillouet Vice President 171958 20280 3445 33970 11164 240817 8736 Evelyn Hopkins Vice President 146303 17775 4140 29175 11164 208557 8003 Jeffery Olson Dir Real Estate 129342 13727 21905 11164 176138 6195 Patricia Kelly Dir of IS 126939 12880 25 22709 5972 168525 5687 Patsy Gayda Vice President 149778 17246 3420 28807 5972 205223 7849 Scott Adkins VP of Lending 143382 18537 2850 18935 15521 199225 7326 Tammy Fleiger Vice President 141290 17157 4960 27340 3595 194342 7761 Thomas Johnson President & CEO 425550 71013 20076 157047 13564 687250 230113 William Before CFO 208788 25968 4015 243709 14903 497383 11508 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 of Accounting and Finance,and by the Chief Financial 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 Decreases = -$5162822