2013-07-26T17:38:00-08:00 2012-12-31 990 2012-01-01 910333066 KITSAP CREDIT UNION KITS 3606622000 PO BOX 990 BREMERTON WA 98337 SCOTT HENDERSON 3606622000 2013-07-26 2012 2016-02-24 21:20:13Z KITSAP CREDIT UNION SCOTT HENDERSON 0 false true 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. 9 9 418 15 853816 0 48012391 44419955 3206234 6160659 254853 0 51473478 50580614 0 0 15900900 17649686 0 0 29016820 26700948 44917720 44350634 6555758 6229980 862486634 962776630 783029852 878606493 79456782 84170137 TO OFFER CHECKING SAVINGS AND LENDING PROGRAMS TO MEMBERS WHO LIVE WORK OR 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 MORTAGAGE LOANS. 522130 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. 522130 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 true true false false true false false false false false false false false false false false false false false true false false true false false false false false false false false false true false false true 1 0 true 418 true true true false false false false false false false false false X 9 9 false false false false true true false true true false false false true true true true true true true false WA X SCOTT HENDERSON 3606622000 155 WASHINGTON AVE BREMERTON WA 98337 GREGG ELLIOT 40 X 819569 0 17628 LETEXIER KELLIE 40 X 199558 0 15509 HENDERSON SCOTT 40 X 234224 0 15074 MORRISON COLIN 40 X 169301 0 14304 HALL GEORGE 40 X 152969 0 13672 YOUNG CAROLYN 40 X 124609 0 12552 SCHULTZ JON 40 X 116255 0 12278 RANSIER DONNA 40 X 112160 0 12103 HUGHES JEANETTE 40 X 111753 0 12081 ANTHONY MELINDA 40 X 101356 0 11672 JOHNSON WENDIE 8 X 0 0 0 ADDY MARY LOUD 8 X 0 0 0 THOMAS TERRY 5 X 0 0 0 ROWSON JIM 5 X 0 0 0 MAXON CAROLYN 5 X 0 0 0 RUBOLD BILL 5 X 0 0 0 SLACH BILL 5 X 0 0 0 ANDERSON DAVE 5 X 0 0 0 ARTHUR CHARLIE 5 X 0 0 0 MAIERS WILLIAM 1 X 0 0 0 STRICKLAND RALPH 1 X 0 0 0 ROWSON JIM 5 X 0 0 0 ROSS LANNY 5 X 0 0 0 OOSTMAN GERDA 5 X 0 0 0 SCHLICHER PETE 5 X 0 0 0 2141754 136873 10 true true false DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 90051 BILL PAY SERVICE 1322955 FISERV SOLUTIONS 75 REMITTANCE DRIVE SUITE 6945 CHICAGO IL 60675 CONSULTING SERVICE 490239 ALLCARE JANITORIAL SERVICE PO BOX 785 BELFAIR WA 98528 JANITORIAL SERVICE 425383 LOOMIS FARGO PO BOX 94600 SEATTLE WA 98124 CASH DELIVERY SERVICE 273742 VORSITE CORP 1817 QUEEN ANNE AVE NO SUITE 401 SEATTLE WA 98101 CONSULTING SERVICE 233010 15 INTEREST ON LOANS 522130 32027349 32027349 FEE INCOME 522130 5571588 5571588 OTHER INCOME 522130 2706413 1852597 853816 DEBIT CARD INTERCHANGE 522130 4114605 4114605 44419955 2759554 2759554 65160401 3564125 62073547 3249874 3086854 314251 3401105 314251 3401105 50580614 43880390 853816 6160659 2278627 11042182 405979 2795877 1127021 18787 76534 84535 1267943 1099081 4496003 3661561 2780581 295700 4722822 768272 304067 TOTAL PROVISION 3096854 LOAN EXPENSES 1298846 MISCELLANEOUS 2729362 44350634 0 0 0 14096014 22656164 16767374 15529262 580500953 608949170 2337619 2907094 52559732 15845420 34787023 36714312 206074860 267821905 872000 7922791 7326723 862486634 962776630 31306535 31323573 109280 62013 751614037 847220907 783029852 878606493 79456782 84170137 79456782 84170137 862486634 962776630 X 6229980 -2704625 1188000 X false false false false false 7124805 7124805 31109970 4577879 26532091 4961685 4578408 383277 9329116 6686666 2642450 34156 2467 31689 36714312 NCUA SHARE INSURANCE DEPOSIT 8202499 F FHLB STOCK 2559000 OVERNIGHT INVESTMENTS 84794085 OTHER INVESTMENTS 172266321 267821905 SHARES 279190682 CHECKING 171247432 MONEY MARKET 161784751 ESCROW SHARES 586834 IRA SHARES 23189094 SHARE CERTIFICATES 183756104 IRA SHARE CERTIFICATES 27291011 847045908 FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT CPA FOR THE PERIOD OF OCTOBER 2011 THROUGH SEPTEMBER 2012. false false X X X X false true false GREGG ELLIOT 372956 191612 255001 10000 7628 837197 672355 LETEXIER KELLIE 198995 563 7881 7628 215067 173621 HENDERSON SCOTT 197720 36504 7446 7628 249298 214443 MORRISON COLIN 166916 2385 6676 7628 183605 164953 HALL GEORGE 151112 1857 6044 7628 166641 172370 YOUNG CAROLYN 123218 1391 4924 7628 137161 131121 SCHULTZ JON 116255 4650 7628 128533 RANSIER DONNA 111872 288 4475 7628 124263 116953 HUGHES JEANETTE 111316 437 4453 7628 123834 117246 ANTHONY MELINDA 101103 253 4044 7628 113028 SEE SCHEDULE O X false false false FORM 990 PART VI SECTION A LINE 6 KITSAP CREDIT UNION HAD 93412 MEMBERS AS OF DECEMBER 31 2012. FORM 990 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. FORM 990 PART VI SECTION B 11B THE ACCOUNTING MANAGER ACCOUNTING LEAD AND SVPCFO REVIEW THE RETURN FOR ACCURACY. FORM 990 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. FORM 990 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. FORM 990 PART VI SECTION A LINE 8A KCU RECORDS MEETING MINUTES FOR ALL COMMITTEE MEETINGS. FORM 990 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. FORM 990 PART XI LINE 9 KCU MERGED WITH QUIMPER COMMUNITY FEDERAL CREDIT UNION OF PORT TOWNSEND WA AS OF NOVEMBER 1 2012. THIS AMOUNT IS THE ACQUIRED EQUITY THAT IS NOW CONSIDERED PART OF KCU'S FUND BALANCE. THIS AMOUNT WAS DETERMINED WITH A HIRED CPA WHICH DID A FAIR MARKET VALUE ON THE MERGER. FORM 990 PART XII LINE 2A2C KCU HAS A SUPERVISORY COMMITTEE THAT OVERSEAS 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 2011 TO SEPTEMBER 2012. FORM 990 SCHEDULE L PART II LOANS TO INTERESTED PERSONS ARE NOT LISTED. PER INSTRUCTIONS THESE LOANS ARE NOT LISTED BECAUSE THE LOANS ARE ON THE SAME TERMS AS OFFERED TO OTHER MEMBERS OF THE CREDIT UNION. QUIMPER COMMUNITY FEDERAL CREDIT UNION 1165 LANDES COURT PORT TOWNSEND WA 98368 910331605 FINANCIAL COOPERATIVE WA 501(C)1 KCU true QUIMPER COMMUNITY FEDERAL CREDIT UNION 1165 LANDES COURT PORT TOWNSEND WA 98368 910331605 FINANCIAL COOPERATIVE WA KCU C CORP 163588 43510142 1.0 false false false true false true false false false false false false false false false false true false false false QUIMPER COMMUNITY FEDERAL CREDIT UNION C 1188000 ACQUIRED EQUITY QUIMPER COMMUNITY FEDERAL CREDIT UNION E 18710528 FAIR MARKET VALUE 11012012 QUIMPER COMMUNITY FEDERAL CREDIT UNION P 80000 CASH