CREDIT UNIONS IN THE STATE OF WASHINGTON: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: CREDIT UNIONS IN THE STATE OF WASHINGTON (EIN 91-0567788)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-11-14
IRS object ID: 201343189349303089
Schema version: 2012v2.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule I
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-11-14T11:36:14-06:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	910189318	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Moss Adams LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	601 W Riverside Suite 1800	AddressLine1
City	Spokane	City
State	WA	State
ZIP Code	992010629	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	910567788	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	Horizon Credit Union	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	HORI	NameControl
Phone	5099286494	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO Box 15128	AddressLine1
City	Spokane Valley	City
State	WA	State
ZIP Code	99216	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Jeff Adams	Name
Title	CEO	Title
Phone	5099286494	Phone
Date Signed	2013-11-13	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Emina O Cresswell CPA	Name
PTIN	P01217304	PTIN
Phone	5097472600	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	Jeff Adams	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	PO Box 15128	AddressLine1
City	Spokane Valley	City
State	WA	State
ZIP Code	99216	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	31762108	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Group Exemption Number	1269	GroupExemptionNumber
Organization501c	X	Organization501c
Web Site	www.hzcu.org	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1947	YearFormation
State Legal Domicile	WA	StateLegalDomicile
Activity Or Mission Description	Credit union operated without profit for mutual purposes. Provide financial services to members.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	7	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	7	NbrIndependentVotingMembers
Total Nbr Employees	249	TotalNbrEmployees
Total Nbr Volunteers	12	TotalNbrVolunteers
Total Gross UBI	262493	TotalGrossUBI
Net Unrelated Business Txbl Income	-51228	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	0	ContributionsGrantsPriorYear
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	24681425	ProgramServiceRevenuePriorYear
Program Service Revenue CY	26803629	ProgramServiceRevenueCY
Investment Income Prior Year	934252	InvestmentIncomePriorYear
Investment Income Current Year	1179144	InvestmentIncomeCurrentYear
Other Revenue Prior Year	-215480	OtherRevenuePriorYear
Other Revenue Current Year	1600	OtherRevenueCurrentYear
Total Revenue Prior Year	25400197	TotalRevenuePriorYear
Total Revenue Current Year	27984373	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	23101	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	23444	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	9540805	SalariesEtcPriorYear
Salaries Etc Current Year	11470279	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	13010190	OtherExpensePriorYear
Other Expenses Current Year	13492674	OtherExpensesCurrentYear
Total Expenses Prior Year	22574096	TotalExpensesPriorYear
Total Expenses Current Year	24986397	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	2826101	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	2997976	RevenuesLessExpensesCY
Total Assets BOY	436855866	TotalAssetsBOY
Total Assets EOY	531120211	TotalAssetsEOY
Total Liabilities BOY	385804024	TotalLiabilitiesBOY
Total Liabilities EOY	473412245	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	51051842	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	57707966	NetAssetsOrFundBalancesEOY
Mission Description	Credit union operated without profit for mutual purposes.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Description	Provide financial services to approximately 49,000 members. These services include but are not limited to loans and savings programs. The services are provided by at least twelve non-paid volunteers and approximately 249 full-time paid employees.	Description
Described In501 C3	0	DescribedIn501C3
Schedule B Required	0	ScheduleBRequired
Political Activities	0	PoliticalActivities
Subject To Proxy Tax	0	SubjectToProxyTax
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	0	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	1	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	0	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	1	ReportFin48Footnote
Independent Audit Financial Stmt	1	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	1	GrantsToOrganizations
Grants To Individuals	0	GrantsToIndividuals
Schedule J Required	1	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	0	DeductibleNonCashContributions
Deductible Contributions Of Art	0	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	11192	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	249	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	1	UnrelatedBusinessIncome
Form990-T Filed	1	Form990-TFiled
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	7	NbrVotingGoverningBodyMembers
Number Independent Voting Members	7	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	1	MembersOrStockholders
Election Of Board Members	1	ElectionOfBoardMembers
Decisions Subject To Approval	1	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	0	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	0	RegularMonitoringEnforcement
Whistleblower Policy	0	WhistleblowerPolicy
Document Retention Policy	1	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	1	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
States Where Copy Of Return Is Filed	ID	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	MT	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	Deborah Parelius	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	5099286494	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	13224 E Mansfield Ave Suite 300	AddressLine1
City	Spokane Valley	City
State	WA	State
ZIP Code	99216	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (15 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Highest Compensated EmployeeHighestCompensatedEmployee
Bernie Korth
2nd Vice Chairman	1.00	X	X	0	0	0
Steve Sharon
Chairman of the Board	1.00	X	X	0	0	0
Nancy Ripley
1st Vice Chairman	1.00	X	X	0	0	0
Pat Fitzgerald
Secretary/Treasurer	1.00	X	X	0	0	0
Lisa Urbat
Former 2nd Vice Chairman	1.00	X	X	0	0	0
Mike Butler
Director	1.00	X		0	0	0
Tom DiLuzio
Director	1.00	X		0	0	0
Mark Lodine
Director	1.00	X		0	0	0
Jeff Adams
CEO	40.00		X	260256	0	470708
Deborah Parelius
CFO	32.00		X	146351	0	19751
Mark Neumann
Vice President	40.00			154574	0	58847	X
Steve Wilder
Vice President	40.00			116819	0	24647	X
Greg Robinson
Vice President	40.00			130463	0	17546	X
Brian Grytdal
Vice President	40.00			118769	0	30257	X
Jodie Olson
Vice President	40.00			104300	0	17810	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	1031532	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	639566	TotalOtherCompensation
Number Individuals GT100 K	7	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	1	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	Perdue Law Firm	BusinessNameLine1

Address Of Contractor AddressOfContractor

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1529 Kachina Ridge Drive	AddressLine1
City	Santa Fe	City
State	NM	State
ZIP Code	87507	ZIPCode

Field	Value	IRS element (for citing)
Description Of Services	Legal services	DescriptionOfServices
Compensation	125847	Compensation

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	1	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
Interest on Member Loans	522100	19348343	19348343
Fees paid by Members	522100	7455286	7192793	262493

Field	Value	IRS element (for citing)
Total Program Service Revenue	26803629	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	1274175	TotalRevenueColumn
Exclusion	$1,274,175	ExclusionAmount

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	1600	Real

Less Rental Expenses LessRentalExpenses

Field	Value	IRS element (for citing)
Real	0	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	1600	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	1600	TotalRevenueColumn
Exclusion	$1,600	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	2382443	Securities
Other	1300261	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	2379000	Securities
Other	1398735	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	3443	Securities
Other	-98474	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-95031	TotalRevenueColumn
Exclusion	-$95,031	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	27984373	TotalRevenueColumn
Related Or Exempt Function Income	26541136	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	262493	UnrelatedBusinessRevenue
Exclusion	$1,180,744	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	23444	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	416256	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	7475090	Total

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	471859	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	2438185	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	668889	Total

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	349398	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	161234	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	69832	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	1726573	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	1802043	Total

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	298351	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	1045239	Total

Travel Travel

Field	Value	IRS element (for citing)
Total	184764	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	750	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	2070313	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	1192848	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	283780	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
Provision for Loan Loss	1973946
Loan Servicing/Program	1419965
NCUSIF Recapitalization	362704
Miscellaneous Expenses	301459

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	249475	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	24986397	Total

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	3073329	BOY
EOY	3603598	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	31550724	BOY
EOY	50948374	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	1205489	BOY
EOY	1373807	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	323636189	BOY
EOY	389149086	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	638690	BOY
EOY	1603439	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	30734488	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	11035030	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	16427398	BOY
EOY	19699458	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	51317168	BOY
EOY	52823430	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	17490	BOY
EOY	14856	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
EOY	1350978	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	8989389	BOY
EOY	10553185	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	436855866	BOY
EOY	531120211	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	5496943	BOY
EOY	8277959	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	380307081	BOY
EOY	465134286	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	385804024	BOY
EOY	473412245	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	51051842	BOY
EOY	57707966	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	51051842	BOY
EOY	57707966	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	436855866	BOY
EOY	531120211	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	2997976	ReconcilationRevenueExpenses
Reconciliation Unrealized Invest	-260	ReconciliationUnrealizedInvest
Reconcilation Other Changes	3658408	ReconcilationOtherChanges
Info In Schedule O Part XII	X	InfoInScheduleOPartXII
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	1	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	1	AuditCommittee
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	4518279	OtherCostOrOtherBasis
Book Value	4518279	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	16283913	OtherCostOrOtherBasis
Depreciation	3163695	Depreciation
Book Value	13120218	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	987197	OtherCostOrOtherBasis
Depreciation	696106	Depreciation
Book Value	291091	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	8945099	OtherCostOrOtherBasis
Depreciation	7175229	Depreciation
Book Value	1769870	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	19699458	TotalOfBookValueLandBuildings

Other Securities OtherSecurities (9 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
NCUA Share Insurance Capitalization Deposit	4393107	C
Certificates of Deposit from Banks	34701692	C
FHLB Capital Stock	884300	C
CMO Securities	6981361	C
Federal Agency Securities	1504512	C
HMBS Investments	3736884	C
Kansas City Corporate CR Membership Cap	148576	C
ECCU Certificate of Deposit	248000	C
Investment in CUSOURCE CUSO	224998	C

Field	Value	IRS element (for citing)
Total Of Book Value Securities	52823430	TotalOfBookValueSecurities

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	Member Deposits	Description
Amount	$465,134,286	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	465134286	TotalOfAmounts
Footnote In Part XIII	X	FootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt	28077072	TotRevenueEtcAuditedFinclStmt
Other Revenues	98474	OtherRevenues
Revenue Not Rptd F990	98474	RevenueNotRptdF990
Revenue Subtotal	27978598	RevenueSubtotal
Other Revenues Not Included	5775	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	5775	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	27984373	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	25079096	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	98474	OtherExpensesIncluded
Expenses Not Rptd F990	98474	ExpensesNotRptdF990
Expenses Subtotal	24980622	ExpensesSubtotal
Other Expenses Not Included	5775	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	5775	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	24986397	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Description of Uncertain Tax Positions Under FIN 48:	Part X, Line 2:	The Credit Union files IRS Forms 990 and 990-T, as applicable. The Credit Union measures and recognizes the implications of positions taken or expected to be taken in its tax returns on an ongoing basis in accordance with income tax guidance. The Credit Union had no unrecognized tax benefits or liabilities and no adjustments to its financial position, results of operations or cash flows related to uncertain tax positions taken for the year ended December 31, 2012, or the fifteen months ended December 31, 2011. The Credit Union is no longer subject to federal, state or local income tax examinations by tax authorities for 12 months prior to December 31, 2009. If assessed, the Credit Union recognizes penalties and interest associated with tax matters as part of operating expenses.
Part XI, Line 2d - Other Adjustments:		Loss on assets 98,474.
Part XI, Line 4b - Other Adjustments:		Gain on sale of investments 3,443. Non-operating income 1,600. Fee income adjustment 732.
Part XII, Line 2d - Other Adjustments:		Loss on assets 98,474.
Part XII, Line 4b - Other Adjustments:		Gain on sale of investments 3,443. Non-operating income 1,600. Fee income adjustment 732.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	1	RecordsMaintained

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	Procedure for Monitoring Grants in the U.S.:	Identifier
Return Reference	Part I, Line 2:	ReturnReference
Explanation	Schedule I, Part I, Line 2: The organization keeps receipts or documentation for each sponsored event. The organization has a policy and set of by-laws for the Community Outreach Committee to follow when approving expenditures for events. The COC is assigned by Senior Management a budgeted expenditure amount for each year.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	X	TravelForCompanions
Written Policy Re T And E Expenses	1	WrittenPolicyReTAndEExpenses
Substantiation Required	1	SubstantiationRequired
Compensation Committee	X	CompensationCommittee
Independent Consultant	X	IndependentConsultant
Written Employment Contract	X	WrittenEmploymentContract
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	0	SeverancePayment
Supplemental Nonqual Retire Plan	1	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	0	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)

TitleTitle	Base Compensation Filing OrgBaseCompensationFilingOrg	Comp Based On Related OrgsCompBasedOnRelatedOrgs	Bonus Filing OrgBonusFilingOrg	Bonus Related OrgsBonusRelatedOrgs	Other Compensation Filing OrgOtherCompensationFilingOrg	Other Compensation Related OrgsOtherCompensationRelatedOrgs	Deferred Comp Filing OrgDeferredCompFilingOrg	Deferred Comp Related OrgsDeferredCompRelatedOrgs	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs	Total Compensation Filing OrgTotalCompensationFilingOrg	Total Compensation Related OrgsTotalCompensationRelatedOrgs	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg	Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
Jeff Adams
CEO	216074	0	18823	0	25359	0	450492	0	20216	0	730964	0	0	0
Mark Neumann
Vice President	142358	0	11969	0	247	0	52338	0	6509	0	213421	0	0	0

Form990 Schedule J Part III Form990ScheduleJPartIII

Field	Value	IRS element (for citing)
Identifier	Supplemental Information	Identifier
Return Reference	Part III	ReturnReference
Explanation	Part I, Line 1a: Volunteers are entitled to $1,000 for spouse business travel per year. Officers of the Corporation are entitled to $600 for spouse business travel per year. The CEO's spouse business travel is not limited to $600. Part I, Line 4b: Jeff Adams, CEO, participates in a supplemental nonqualified retirement plan. The amount earned in 2012 is $429,540. Part I, Line 4b: Mark Neumann, Vice President, participates in a supplemental nonqualified retirement plan. The amount earned in 2012 is $40,000.	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

Return ReferenceReturnReference	ExplanationExplanation	IdentifierIdentifier
Form 990, Part VI, Section A, line 6	Entity has one class of members.
Form 990, Part VI, Section A, line 7a	Entity has members who elect members of the board.
Form 990, Part VI, Section A, line 7b	Entity has members who have rights to ratify decisions of the governing body.
Form 990, Part VI, Section B, line 11	The CFO reviews the 990 and will make a complete copy of it available to the board at the November 2013 board meeting.
Form 990, Part VI, Section B, line 15	CEO salary ranges are prepared by Human Resources based on industry comparability data and reviewed by the compensation committee. Compensation committee is comprised of volunteer board members. CEO performance is assessed and salary trends are reviewed by compensation committee to determine appropriate salary. The salary recommendation is then presented to the full board of directors for final review and approval. Senior Manager's salary ranges are prepared by Human Resources based on industry comparability data and reviewed by the CEO and the compensation committee. Performance is assessed and salary trends reviewed by CEO to determine relevant salaries. Every few years compensation data and process is reviewed by an outside consultant.
Form 990, Part VI, Section C, line 18	Available upon request.
Form 990, Part VI, Section C, line 19	We publish our monthly financial statements at each branch, and our quarterly financial statements are published on the NCUA website. Our annual report is on our website.
Form 990, Part XI, line 9:	Equity Acquired in Merger 3,658,408.	Changes in Net Assets or Fund Balances:
	Form 990, Part XII, Line 2c: The Supervisory Committee has oversight of the audit process and selection of independent auditors. The process has not changed from prior years.