2013-07-25T09:41:21-07:00 2012-12-31 990 2012-01-01 910565128 Spokane Teachers Credit Union SPOK 5093261954 1620 North Signal Drive Liberty Lake WA 99019 Lindsey Myhre 2013-07-25 2012 2016-02-24 21:20:13Z 176298954 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 113351 members as of 12/31/12. 13 13 567 21 112159 -9065 102010 118239 85577308 84830187 4900338 5897991 228417 221401 90808073 91067818 0 13703709 10582295 27745409 31344452 0 0 30022779 28103371 71471897 70030118 19336176 21037700 1593930868 1712656795 1430031486 1526866068 163899382 185790727 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 113351 members as of 12/31/12. false false STCU had outstanding loans of $1,352,673,020 at December 31, 2012, representing 73,999 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, 2012, STCU had total share and deposit balances of $1,410,708,459 representing 195,376 individual accounts. STCU paid members dividends on their share and deposit accounts $10,582,295 in 2012. 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 123871 0 true 567 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 Judy Morris 2.00 0.00 X 72 0 0 Margaret Patterson 2.00 0.00 X 0 0 0 Ivonne Fiedler 2.00 0.00 X 0 0 0 Robert Loomis 2.00 0.00 X 0 0 0 Ellen Hung 2.00 0.00 X 1287 0 0 Robert Jayne 2.00 0.00 X 1901 0 0 Ron Vierra 2.00 0.00 X 0 0 0 Jay Walter 2.00 0.00 X 1901 0 0 John Young 2.00 0.00 X 293 0 0 Wally Stanley 2.00 0.00 X 0 0 0 Georgia Miller 3.00 0.00 X 1253 0 0 Carol Nelson 2.00 0.00 X 0 0 0 Mike Rennaker 4.00 0.00 X 1391 0 0 Cathy Doran 2.00 0.00 X 0 0 0 Wayne Leonard 2.00 0.00 X 0 0 0 Dolores Humiston 2.00 0.00 X 651 0 0 Belinda Caillouet 40.00 0.00 X 162256 0 37386 Scott Adkins 40.00 0.00 X 151122 0 41955 Thomas Johnson 40.00 0.00 X 435211 0 147777 William Before 40.00 0.00 X 219952 0 226431 Barb Richie 40.00 0.00 X 117045 0 23044 Patsy Gayda 40.00 0.00 X 154403 0 29895 Evelyn Hopkins 40.00 0.00 X 149921 0 35204 Tammy Fleiger 40.00 0.00 X 148511 0 30670 Laura Wood 40.00 0.00 X 105422 0 30826 Patricia Kelly 40.00 0.00 X 126070 0 25106 Dale Davaz 40.00 0.00 X 105935 0 31706 Chris Dunford 40.00 0.00 X 104909 0 21770 Jeffery Olson 40.00 0.00 X 133364 0 22930 Brad Hunter 40.00 0.00 X 97021 0 13660 Terri Wilson 40.00 0.00 X 1266543 0 1708 3486434 720068 14 true true false Phillabaum Ledlin 421 W Riverside 900 Spokane WA 99201 Legal 143932 Mike Pursel Advertising 8601 N Division St STE C Spokane WA 99208 Advertising 398771 ILF Media Productions 540 W Cataldo Spokane WA 99201 Media 115139 Argus Janitorial PO Box 13202 Spokane WA 99213 Janitorial 112568 American Reporting 1909 214th ST SE 102 Bothell WA 98021 Real Estate Services 140681 5 118239 118239 Loan Svc and Origination 522100 1323268 1323268 Loan Interest Income 522100 68801164 68801164 Fees and Service Charges 522100 14705755 14593596 112159 84830187 3976988 3976988 0 0 391575 170174 221401 221401 221401 12133360 74848605 12051118 73009844 82242 1838761 1921003 1921003 0 0 0 0 91067818 86639031 112159 4198389 0 0 0 10582295 2119532 0 20892455 1781030 4557011 1994424 0 45189 101044 0 0 0 924818 2186880 2041737 1313022 0 1965111 0 0 797265 2495234 0 2895593 0 Loan Servicing Expense 1164935 NCUSIF Premium 1272843 Provision for Loan Loss 4522732 Processing Expense 6643137 -266169 70030118 0 0 0 12446463 124216 69628183 57900837 0 0 0 0 1256672737 1349508498 0 1149891 721072 71123168 29851289 39518347 41271879 182726115 226856520 5616500 5071500 0 0 26172632 31202273 1593930868 1712656795 13736385 11998706 2610128 2813166 99494300 101345737 1314190673 1410708459 1430031486 1526866068 X 163899382 185790727 163899382 185790727 1593930868 1712656795 X 21037700 717420 136225 X true X true X true false 26745 26745 26745 true Kevin Parker PO Box 198 Spokane WA 99210 260348067 600 Tim Ormsby PO Box 2177 Spokane WA 99210 550876251 600 Rob McKenna PO Box 52866 Bellevue WA 98015 830377709 600 Andy Billing PO Box 145 Spokane WA 99210 271127517 600 Joe Kretz 1014 Toroda Creek Rd Wauconda WA 98859 721573462 600 Marcus Riccelli PO Box 1325 Spokane WA 99210 455222828 600 Joe Schmick 830 Southview Colfax WA 99111 450582705 600 Credit Union Legislative Action Fun 33301 9th Ave SE STE 200 Federal Way WA 98003 800043051 22545 false true X 38000 8153878 8191878 48000 33080587 9498204 23630383 869988 569146 300842 28932715 19783939 9148776 41271879 Deposit Accounts - Savings 153051894 Deposit Accounts - Money Market Accounts 543462202 Deposit Accounts - IRA Shares 99861321 Deposit Accounts - IRA Certificates 26563366 Deposit Accounts - Checking 205705241 Deposit Accounts - Certificates 382064435 1410708459 X 91694864 717420 717420 90977444 90374 90374 91067818 69939744 69939744 90374 90374 70030118 Part XII, Line 4b Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Rental Income - Recovery of CAM expenses $-79800 Rental Expenses $170174 Part XI, Line 4b Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S Rental Income - Recovery of CAM expenses $-79800 Rental Expenses $170174 Part X 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 porducts 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 2011 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, 2012.The Credit Union's 2006 through 2012 tax years are open for examination by federal and state taxing authorities. Part IV, Line 2b 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. X true true X X X X X false true false William Before 198615 17272 4065 212407 14024 446383 6794 Thomas Johnson 358917 54726 21568 136674 11103 582988 11103 Terri Wilson 4547 6794 1255202 1294 414 1268251 Tammy Fleiger 134383 10708 3420 23966 6704 179181 2182 Scott Adkins 143966 3682 3474 24931 17024 193077 3682 Patsy Gayda 139597 11360 3446 24355 5540 184298 3802 Patricia Kelly 117138 8287 645 19566 5540 151176 3203 Jeffery Olson 123974 9365 25 12427 10503 156294 3834 Evelyn Hopkins 134317 11639 3965 24701 10503 185125 4850 Brad Hunter 83108 11918 1995 10763 2897 110681 4962 Belinda Caillouet 146226 12572 3458 26883 10503 199642 5297 Sch J, Part I, Line 1a 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 XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases Unrealized gains on investments held for sale = $136225 Form 990, Part VI, Line 19 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. Form 990, Part VI, Line 15b 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 15a 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 12c 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 11b 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 6 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.