2013-05-10T18:14:16-07:00 2012-12-31 990 2012-01-01 910564946 CREDIT UNIONS IN THE STATE OF WASHINGTON CRED 5098386157 PO BOX 48275 Spokane WA 992281275 Renee Robertson 5092328912 2013-05-10 2012 2016-02-25 16:41:14Z Margaret Burkholz 9707 N Nevada Spokane WA 99218 2689790 0 1269 X primesourcecu.org X 1935 WA Credit Union Operated without profit for mutual purposes 7 7 19 10 0 0 0 0 2307408 2448730 231438 193962 34499 47098 2573345 2689790 0 0 328394 228733 934775 1000266 0 0 0 1042592 1038921 2305761 2267920 267584 421870 48112123 50966935 914947 777300 47197176 50189635 Credit Union Operated without profit for mutual purposes 0 0 2689790 Credit Union Programs: Providing financial services to 5734 members. These include, but are not limited to, Loans and Savings programs. The services are provided by 19 employees and 10 non-paid volunteers (5734 members) 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 2000 0 1 19 1 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 1 0 0 X PrimeSource Credit Union 5098386157 9707 N Nevada Spokane WA 99218 Dennis Clark 1 0 X 0 0 0 Gregg Devries 1 0 X 0 0 0 Jeff Hansen 1 0 X 0 0 0 Mark Henry 1 0 X 0 0 0 Clint Price 1 0 X 0 0 0 Lindsey Aulisio 1 0 X 0 0 0 Leonard Selvaggio 1 0 X 0 0 0 Homer Todd 1 0 X 0 0 0 Charlanne Arthur 1 0 X 0 0 0 Jean Moffatt 1 0 X 0 0 0 Margaret Burkholz 40 0 X X X 129657 0 6309 Renee Robertson 40 0 X X 66684 0 0 Annettee Babb 40 0 X X 63094 0 3993 Kevin Spoerl 40 0 X X 65484 0 0 324919 0 10302 1 0 0 0 0 0 Interest on Loans to Members 522130 2167402 0 0 2167402 Service fees 522130 281328 0 0 281328 0 0 0 0 2448730 193962 0 0 193962 0 0 0 0 0 0 0 0 0 0 0 0 Other Operating Income 522130 47098 0 0 47098 0 0 0 0 47098 2689790 0 0 2689790 X 228733 335220 0 425664 90756 84399 64227 420 11471 52250 29706 98174 176576 116845 39334 60601 27328 Loan Servicing Costs 124604 Provision for Loan and Courtesy Pay Loss 214500 Member Service Costs 34736 Miscellaneious Expenses and NCUA/NCUSIF 52376 2267920 0 0 0 2917794 4663299 7360925 6584611 475 603 35325207 37172267 211439 210045 3185756 1049360 2102872 2136396 57102 58338 136309 141376 48112123 50966935 373779 309627 541168 467673 914947 777300 X 40604273 43300558 0 0 6592903 6889077 47197176 50189635 48112123 50966935 X 421870 0 0 0 0 2570589 X 0 1 X 1 0 0 598751 598751 0 1816449 429431 1387018 0 0 0 0 0 770556 619929 150627 0 0 0 0 2136396 Settlement and Clearing Accounts/Pension Liability 467673 467673 2689790 0 0 0 0 0 2689790 0 0 0 2689790 2267920 0 0 0 0 0 2267920 0 0 0 2267920 F990_P05_S00_L01a Form 990, Part V, Line 1a This number is an estimate based upon various sources including the filing produced manually within our credit union, those produced by our data processor for our members' account information, and those produced by a third party IRA processor F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 The organization is a Credti Union, by definition a financial cooperative, composed of 5734 members who hold savings accounts and/or loan accounts. It is governed by a 7 member board of directors who are elected from and by the membership and are unpaid volunteers. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a The organization is a Credit Union, by definition a financial cooperatieve, composed of 5734 members who hold savings and/or loan acconts. It is governed by a 7 member board of directyors who are elected from and by the membership and are unpaid volunteers. Each member of the credit union has, equally, one vote in the annual election of officers to the Board of Directors and Supervisory Committee. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The form is completed by the Vice President of Finance and reviewed by the CEO prior to its submission F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Annually, the Board of Directors reviews and sets the CEO's salary based upon her proformance reviews, reviews of third party independent salary surveys, and economic and financial conditions. This process is completed during an executive session of the Board of Directors meeting and documented in the minutes of such meeting. Annually, the CEO reviews and sets the salary for the executive management based upon thier proformance reviews, reviews of various third party independent salary surveys, and/or economic conditions. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 PrimeSource Credit Union publishes it's financial statements each year rduing the annual meeting of members and on it's website. copies of htese statements are also available upon request from individuals at our offices. Additionally, we provide our 990 for review upon request by individuals at our offices. Copies of our conflict of interest policies ar egiven to each new employee within one week of their hire date and each applicant for the board of directors or supervisory committee upon receipt of their application. Our financial information is also available on the NCUA's website as part of our quarterly 5300 reporting. F990_P09_S00_L04 Form 990, Part IX, Line 4 Dividends Pain on Deposit Accounts F990_P11_S00_L09 Form 990, Part XI, Line 9 The other changes in net assets or funds balances can be directly attributed to a change in member Share Deposits combined with a change in Other Comprehensive Income