CREDIT UNIONS IN THE STATE OF WASHINGTON: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- CREDIT UNIONS IN THE STATE OF WASHINGTON (EIN 91-0440744)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-14
- IRS object ID
- 201203199349301000
- Schema version
- 2011v1.2
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-14T07:55:43-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411944416 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 NICOLLET MALL SUITE 1100 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55402 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 910440744 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CREDIT UNIONS IN THE STATE OF WASHINGTON | BusinessNameLine1 |
| Business Name Line2 | TWINSTAR CREDIT UNION | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CRED | NameControl |
| Phone | 3603579911 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 718 | AddressLine1 |
| City | OLYMPIA | City |
| State | WA | State |
| ZIP Code | 98507 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KIM PETERSON | Name |
| Title | CFO | Title |
| Phone | 3603579911 | Phone |
| Date Signed | 2012-10-24 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GERALD B KISSELL | Name |
| PTIN | P00092658 | PTIN |
| Phone | 6123324300 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MARSHALL ELLISON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 718 | AddressLine1 |
| City | OLYMPIA | City |
| State | WA | State |
| ZIP Code | 98507 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 61201642 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.TWINSTARCU.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1937 | YearFormation |
| State Legal Domicile | WA | StateLegalDomicile |
| Activity Or Mission Description | TWINSTAR CREDIT UNION HELPS OUR MEMBERS GET AHEAD FINANCIALLY BY PROVIDING A VARIETY OF FINANCIAL SERVICES THAT CREATE RELATIONSHIPS AND FEATURE EXCEPTIONAL BENEFITS AND ADVANTAGES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 8 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 8 | NbrIndependentVotingMembers |
| Total Nbr Employees | 370 | TotalNbrEmployees |
| Total Nbr Volunteers | 42 | TotalNbrVolunteers |
| Total Gross UBI | 502354 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 52329065 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 54629743 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 5562618 | InvestmentIncomePriorYear |
| Investment Income Current Year | 6451899 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 974864 | OtherRevenuePriorYear |
| Other Revenue Current Year | 120000 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 58866547 | TotalRevenuePriorYear |
| Total Revenue Current Year | 61201642 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 81609 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 82861 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 8449030 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 7244261 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 19654576 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 19917089 | 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 | 29325772 | OtherExpensePriorYear |
| Other Expenses Current Year | 27572016 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 57510987 | TotalExpensesPriorYear |
| Total Expenses Current Year | 54816227 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1355560 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 6385415 | RevenuesLessExpensesCY |
| Total Assets BOY | 722787853 | TotalAssetsBOY |
| Total Assets EOY | 781351687 | TotalAssetsEOY |
| Total Liabilities BOY | 655182306 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 705636330 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 67605547 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 75715357 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | IN 1937 CONGRESS GRANTED CREDIT UNIONS WITH A FEDERAL TAX-EXEMPT STATUS BASED UPON THEIR COOPERATIVE STRUCTURE - THAT THEY ARE OPERATED ENTIRELY BY AND FOR THEIR MEMBERS. DESPITE THE EVOLUTION OF PRODUCTS AND SERVICES AND EXPANDED FIELDS OF MEMBERSHIP, CREDIT UNIONS CONTINUE TO OPERATE AS DEMOCRATICALLY CONTROLLED COOPERATIVE INSTITUTIONS, SERVING ONLY THEIR MEMBERS, ON A NOT-FOR-PROFIT BASIS. CONGRESS RATIFIED THE FEDERAL TAX-EXEMPTION ON SEVERAL OCCASIONS, MOST RECENTLY IN 1998 WITH THE ENACTMENT OF H.R. 1151, THE CREDIT UNION MEMBERSHIP ACCESS ACT. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | SHARE ACCOUNTS - TWINSTAR SAVINGS ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. TWINSTAR HAD 90,602 MEMBER-OWNER ACCOUNTS ON DECEMBER 31, 2011. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS MONTHLY AND OFFER ACCESS THROUGH THE BRANCH NETWORK, HOME BANKING VIA THE INTERNET OR TELEPHONE AND ATM'S WORLDWIDE. SPECIAL SAVINGS ACCOUNTS ARE DESIGNED FOR CHILDREN AND TEENAGERS TO ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CHECKING ACCOUNTS - TWINSTAR PROVIDES CHECKING ACCOUNTS FOR CONSUMERS WITH VARIOUS FEATURES, FROM FREE ACCOUNTS TO THOSE WITH ENHANCED BENEFITS. MOST OFFER DIVIDENDS THAT ARE PAID MONTHLY. ADDITIONALLY, TWINSTAR EXTENDS THE REACH OF THESE ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARDS, INTERNET ACCOUNT ACCESS AND FREE USE OF THE INTERNET BILL PAYER PLATFORM. 65.5% OF TWINSTAR MEMBERS HAVE A CHECKING ACCOUNT. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CONSUMER LOANS - TWINSTAR CREDIT UNION HAS PROVIDED VEHICLE LOANS SINCE ITS EARLY YEARS. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES EFFICIENT UNDERWRITING AND FLEXIBLE OFFERINGS FOR RECREATIONAL VEHICLES, BOATS AND MOTORCYCLES. TWINSTAR ALSO OFFERS VISA CREDIT CARDS TO MEMBERS. THIS PRODUCT LINE SATISFIES MEMBERS DIVERSE BORROWING NEEDS, FROM A SHARE SECURED CARD TO A CREDIT LINE FOR YOUNG BORROWERS TO A CARD WITH LARGER CREDIT LINES AND LOW INTEREST RATES. TWINSTAR ALSO OFFERS HOME EQUITY/REAL ESTATE LOANS AND BUSINESS LOANS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 1 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | 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 | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | 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 | 1 | 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 | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 24577 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 370 | 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 | 8 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 8 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | 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 | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KIM PETERSON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3609234408 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 718 | AddressLine1 |
| City | OLYMPIA | City |
| State | WA | State |
| ZIP Code | 98507 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (17 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| SCOTT HORNER | ||||||||
| BOARD CHAIR | 1.00 | X | X | 0 | 0 | 0 | ||
| GAYLA GJERTSEN | ||||||||
| VICE CHAIR | 1.00 | X | X | 0 | 0 | 0 | ||
| RHODETTA SEWARD | ||||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 | ||
| RON HASTIE | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| ERIK KUPKA | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| JOHN PARR | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| JOANNE SANFORD | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| STEVE VENABLES | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MARSHALL ELLISON | ||||||||
| TREASURER/CEO | 40.00 | X | 471498 | 0 | 21699 | |||
| JEFF KENNEDY | ||||||||
| PRESIDENT | 40.00 | X | 204912 | 0 | 19556 | |||
| DAVID RECENIELLO | ||||||||
| VP OF FINANCE/CFO | 40.00 | X | 405440 | 0 | 21744 | |||
| JOHN JOHNSON | ||||||||
| SVP/CUSOS & TECHNOLOGY | 40.00 | 201657 | 0 | 19274 | X | |||
| BECKY BREEN | ||||||||
| VP OF SALES & DELIVERY | 40.00 | 129935 | 0 | 15447 | X | |||
| MATT DEVLIN | ||||||||
| VP MARKETING/STRATEGIC PLANNING | 40.00 | 122768 | 0 | 14333 | X | |||
| MARY SPUCK | ||||||||
| VP ORG DEVELOPMENT | 40.00 | 106271 | 0 | 13744 | X | |||
| JAN SUESS | ||||||||
| VP ADMIN SUPPORT SERVICES | 40.00 | 125525 | 0 | 14948 | X | |||
| SCOTT DAUKAS | ||||||||
| VP/CHIEF OP OFFICER | 40.00 | 124433 | 0 | 14824 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1892439 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 155569 | TotalOtherCompensation |
| Number Individuals GT100 K | 9 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| CUSTOM INC | |||||
| 6004 CAPITOL BLVD S | TUMWATER | WA | 98501 | DATA PROCESSING, COURIER | 1490164 |
| PARAGON CONSULTING GROUP | |||||
| PO BOX 7518 | OLYMPIA | WA | 98507 | ADMINISTRATIVE SERVICES | 985364 |
| DIEBOLD INCORPORATED | |||||
| PO BOX 643543 | PITTSBURGH | PA | 15264 | ATM MAINTENANCE. ALARM MONITORING | 678756 |
| BANCVUE LTD | |||||
| 4516 SETON CENTER PKWY STE 300 | AUSTIN | TX | 78759 | CHECKING PROGRAM MAINTENANCE | 444855 |
| GROUP HEALTH COOPERATIVE | |||||
| PO BOX 34581 | SEATTLE | WA | 981241581 | HEALTCARE PROVIDERS | 430675 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 17 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| INTEREST ON LOANS | 522100 | 32907701 | 32907701 | |
| FEES AND CHARGES | 522100 | 15300862 | 14798508 | 502354 |
| VISA/INTERCHANGE INCOM | 522100 | 5954953 | 5954953 | |
| OTHER INCOME | 522100 | 466227 | 466227 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 54629743 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2740081 | TotalRevenueColumn |
| Exclusion | $2,740,081 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3711818 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3711818 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3711818 | TotalRevenueColumn |
| Exclusion | $3,711,818 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | BARGAIN PURCHASE GAIN | Description |
| Business Code | 522100 | BusinessCode |
| Total Revenue Column | 120000 | TotalRevenueColumn |
| Related Or Exempt Function Income | 120000 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 120000 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 61201642 | TotalRevenueColumn |
| Related Or Exempt Function Income | 54247389 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 502354 | UnrelatedBusinessRevenue |
| Exclusion | $6,451,899 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33727 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49134 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7244261 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1365781 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14228066 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 564801 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2583207 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1175234 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 58478 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 201378 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2715388 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1218807 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3029823 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1880957 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2212347 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 187076 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 508938 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16876 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 193015 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2453715 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 303773 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PROVISION FOR LOAN LOSS | 5736444 |
| MEMBER SERVICES | 4367220 |
| NCUSIF PREMIUM ASSESSME | 1705591 |
| LOAN SERVICING EXPENSES | 502061 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 280129 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54816227 | Total |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48053830 | BOY |
| EOY | 92694753 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2994331 | BOY |
| EOY | 3249239 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 503417919 | BOY |
| EOY | 519359326 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 47224392 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 17809837 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30237216 | BOY |
| EOY | 29414555 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 88500095 | BOY |
| EOY | 87739671 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21331374 | BOY |
| EOY | 19246740 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28253088 | BOY |
| EOY | 29647403 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 722787853 | BOY |
| EOY | 781351687 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7343603 | BOY |
| EOY | 12631461 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3606506 | BOY |
| EOY | 3061612 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3000000 | BOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 641232197 | BOY |
| EOY | 689943257 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 655182306 | BOY |
| EOY | 705636330 | 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 | 67605547 | BOY |
| EOY | 75715357 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67605547 | BOY |
| EOY | 75715357 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 722787853 | BOY |
| EOY | 781351687 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 6385415 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 1724395 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteer Hours | 150 | VolunteerHours |
| Amt Expended For527 Activities | 0 | AmtExpendedFor527Activities |
| Amt Of Internal Funds Contributed | 0 | AmtOfInternalFundsContributed |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: | Identifier |
| Return Reference | PART I-A, LINE 1: | ReturnReference |
| Explanation | TWINSTAR CHOOSES TO VOLUNTARYILY CONTRIBUTE TO CULAF (CREDIT UNION LEGISLATIVE ACTION FUND). THE CREDIT UNION LEGISLATIVE ACTION FUND OR CULAF IS ACTUALLY A PAIR OF POLITICAL ACTION COMMITTEES (PACS) ADMINISTERED BY THE LEAGUE ON BEHALF OF WASHINGTON'S CREDIT UNIONS. CULAF SUPPORTS THE ELECTION OF LEGISLATORS THAT SUPPORT CREDIT UNION INTERESTS AND IS ADMINISTERED BY A BOARD OF TRUSTEES. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6210917 | OtherCostOrOtherBasis |
| Book Value | 6210917 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 24369895 | OtherCostOrOtherBasis |
| Depreciation | 7630354 | Depreciation |
| Book Value | 16739541 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3531706 | OtherCostOrOtherBasis |
| Depreciation | 1493480 | Depreciation |
| Book Value | 2038226 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13111874 | OtherCostOrOtherBasis |
| Depreciation | 8686003 | Depreciation |
| Book Value | 4425871 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 29414555 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| SHAREHOLDER DEPOSITS | $683,017,023 |
| DEFERRED COMPENSATION LIABILITIES | $6,926,234 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 689943257 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 2B: | TWINSTAR CREDIT UNION HAS AN ESCROW ACCOUNT FOR MORTGAGES. | |
| PART X: | TWINSTAR CREDIT UNION ADOPTED FIN48 ON JANUARY 1, 2009. AS A RESULT OF THE IMPLEMENTATION OF THIS STANDARD, THE CREDIT UNION DID NOT RECOGNIZE ANY LIABILITY FOR UNCERTAIN TAX POSITIONS. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
| No Grant More Than5000 | X | NoGrantMoreThan5000 |
Form990 Schedule I Part III Form990ScheduleIPartIII (3 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| 2011 CLASSROOM CASH AWARDS | 177 | 25134 |
| 2011 HIGH SCHOOL SCHOLARSHIPS | 16 | 16000 |
| 2011 HIGHER EDUCATION SCHOLARSHIPS | 8 | 8000 |
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: HIGH SCHOOL SCHOLARSHIP PROGRAM APPLICANTS ARE NOTIFIED OF THE OUTCOME AND AWARD CERTIFICATES ARE CREATED FOR EACH SCHOLARSHIP. THE WINNER'S SCHOOL IS CONTACTED FOR THE AWARD CEREMONY DATE AND INFORMATION. IF POSSIBLE, THE CREDIT UNION ARRANGES FOR THE RESPECTIVE BRANCH MANAGER TO PRESENT THE AWARD AND SENDS THE BRANCH MANAGER THE CERTIFICATE WITH CEREMONY INFORMATION AND INSTRUCTIONS. IF NOT, THE AWARD CERTIFICATE IS MAILED WITH A LETTER OF INSTRUCTION TO THE SCHOOL PRIOR TO THE CEREMONY. ON THE DATE OF EACH AWARD PRESENTATION, THE APPROPRIATE WINNER IS SENT A LETTER OF CONGRATULATIONS WITH INSTRUCTIONS FOR RECEIVING FUNDS. HIGH SCHOOL PROGRAM RECIPIENTS MUST SEND THE ADMINISTRATION SPECIALIST VERIFICATION OF ENROLLMENT IN AN INSTITUTION OF HIGHER LEARNING BEFORE THEIR AWARD FUNDS ARE GENERATED AND MAILED TO THE SCHOOL. HIGHER EDUCATION SCHOLARSHIP PROGRAM WINNERS RECEIVE A LETTER OF CONGRATULATIONS. APPROPRIATE DOCUMENTATION IS UPDATED FOR THE SCHOLARSHIPS GIVEN IN AN INDIVIDUAL'S NAME, AND NOTIFICATION IS MAILED TO THE APPROPRIATE CONTACT. A LETTER IS SENT TO ALL APPLICANTS WHO DID NOT WIN, THANKING THEM FOR PARTICIPATING IN THE PROGRAM. BRANCHES DISPLAY THE WINNER OF EACH AWARD. THE MARKETING DEPARTMENT RECEIVES WINNER INFOMRATION AND ANY WINNER PHOTOS THAT WERE RECEIVED WITH APPLICATIONS TO BE INCLUDED IN THE UPCOMING CREDIT UNION NEWSLETTER. THANK YOU LETTERS ARE SENT TO COMMITTEE MEMBERS, LISTING THE WINNERS. AN ACCOUNTS PAYABLE SHEET IS GENERATED IN THE SYSTEM FOR EACH SCHOLARSHIP AWARD, AND EXPENSED TO THE GENERAL LEDGER (GL). THE ACCOUNTS PAYABLE DEPARTMENT RECEIVES THIS INFORMATION ALONG WITH A COPY OF THE STUDENT'S PROOF OF ENROLLMENT AND CONGRATULATIONS LETTER. ACCOUNTS PAYABLE CUTS A CHECK FROM THE APPROPRIATE GL AND SENDS IT TO THE ADMINISTRATION SPECIALIST. THE ADMINISTRATION SPECIALIST SENDS A LETTER OF EXPLANATION AND A CHECK FOR THE SCHOLARSHIP FUNDS DIRECTLY TO THE APPROPRIATE SCHOOL OF ATTENDANCE. A COPY IS ALSO SENT TO EACH SCHOLARSHIP RECIPIENT. ALL RELATED DOCUMENTATION IS RETAINED IN ADMINISTRATION FOR THREE YEARS AND ALL COPIES OF APPLICATIONS USED BY COMMITTEE MEMBERS ARE SHREDDED. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MARSHALL ELLISON | |||||||||||||
| 455798 | 0 | 350 | 0 | 15350 | 0 | 14700 | 0 | 6999 | 0 | 493197 | 0 | 0 | 0 |
| JEFF KENNEDY | |||||||||||||
| 204562 | 0 | 350 | 0 | 0 | 0 | 12557 | 0 | 6999 | 0 | 224468 | 0 | 0 | 0 |
| DAVID RECENIELLO | |||||||||||||
| 155090 | 0 | 350 | 0 | 250000 | 0 | 14700 | 0 | 7044 | 0 | 427184 | 0 | 0 | 0 |
| JOHN JOHNSON | |||||||||||||
| 192057 | 0 | 350 | 0 | 9250 | 0 | 12230 | 0 | 7044 | 0 | 220931 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | TRAVEL FOR COMPANIONS - SPOUSE/DOMESTIC PARTNER EXPENSES WILL BE PAID BY THE CREDIT UNION AND ARE INCLUDED IN THE BUDGET. HEALTH OR SOCIAL CLUB DUES - THE CREDIT UNION PURCHASED A GOLF MEMBERSHIP FOR THE CEO, WHICH IS USED TO TAKE VENDORS AND BUSINESS ASSOCIATES GOLFING WHEN THEY ARE IN TOWN. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | IN MAY, 2011, THE BOARD OF DIRECTORS UNANIMOUSLY AGREED TO REMOVE THE ROBERTS RULES OF ORDER FOR CONDUCTING MEETINGS AND ADOPTED THE DEMOCRATIC RULES OF ORDER. THE DEMOCRATIC RULES OF ORDER IS THE PARLIAMENTARY STANDARD THAT FULLY PROTECTS EVERY MEMBER'S RIGHT TO EQUAL PARTICIPATION IN ORDERLY MEETINGS. IT DOES THIS WITH CONCISE, COMMON SENSE RULES WITHOUT JARGON OR UNNECESSARY PROTOCOL. THE BYLAWS WERE CHANGED AND APPROVED ON JUNE 28, 2011, TO REFLECT THE ADOPTION FOR MEETINGS AND ANY SPECIAL MEETINGS CALLED BY A MAJORITY OF THE BOARD. IN ADDITION, IT WAS AGREED THE ANNUAL MEMBERSHIP MEETING WOULD BE CONDUCTED USING THE FORMAL CHAIR CRITERIA DEFINED IN THE DEMOCRATIC RULES OF ORDER; ALL OTHER MEETINGS, INCLUDING THE BOARD MEETINGS, WILL BE CONDUCTED USING THE INFORMAL CHAIR WHICH ALLOWS THE CHAIR TO PARTICIPATE IN DISCUSSIONS WITH THE SAME PRIVILEGES AS ALL OTHER MEMBERS. | |
| FORM 990, PART VI, SECTION A, LINE 6 | THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, AS VACANCIES ARISE, OR OTHERWISE. | |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 IS REVIEWED BY THE CONTROLLER AND THE CFO. A COPY WILL BE PRESENTED TO THE BOARD OF DIRECTORS PRIOR TO ELECTRONICALLY FILING FORM 990 WITH THE IRS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | MANAGEMENT PROVIDES A CONFLICT OF INTEREST QUESTIONNAIRE AND PERSONAL DISCLOSURE STATEMENT ANNUALLY TO ALL EMPLOYEES AND VOLUNTEERS OF TWINSTAR CREDIT UNION STIPULATING A DATE FOR THE COMPLETION AND RETURN OF THE PERSONAL DISCLOSURE STATEMENTS. EXECUTIVE COMMITTEE REVIEWS THE PERSONAL DISCLOSURE STATEMENTS TO VERIFY THAT NO CONFLICT OF INTEREST EXISTS. EXECUTIVE COMMITTEE DETERMINES WHICH SITUATIONS CONSTITUTE A CONFLICT OF INTEREST. THE BOARD OF DIRECTORS RESOLVES CONFLICTS OF INTEREST AS DETERMINED BY EXECUTIVE COMMITTEE. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE CREDIT UNION UTILIZES MULTIPLE REGIONAL, NATIONAL, AND INDUSTRY SALARY SURVEYS TO REVIEW AND/OR SET SALARY LEVELS. AVP HUMAN RESOURCES HAS RESPONSIBILITY FOR ADMINISTERING THE CREDIT UNION COMPENSATION PROGRAM, WORKING WITH APPROPRIATE SENIOR MANAGEMENT TO INSURE THAT OUR COMPENSATION SCHEDULE IS IN KEEPING WITH THE POLICY OF THE CREDIT UNION THROUGH A BALANCE OF MARKET COMPETITIVENESS AND INTERNAL EQUITY. | |
| FORM 990, PART VI, SECTION C, LINE 19 | A. AVAILABILITY AND DISCLOSURE OF CORPORATE RECORDS TO MEMBERS. CREDIT UNION MEMBERS HAVE THE RIGHT TO BE PROPERLY INFORMED OF THE CREDIT UNION OPERATIONS. IN ORDER TO BE PROPERLY INFORMED, THE CREDIT UNION RECOGNIZES THE NEED TO MAKE AVAILABLE TO AND DISCLOSE CERTAIN CREDIT UNION CORPORATE RECORDS UPON REQUEST. CONSISTENT WITH THE ACT AND THEIR FIDUCIARY RESPONSIBILITIES, THE BOARD HAS DEVELOPED THE FOLLOWING GUIDELINES FOR DISCLOSURE OF CREDIT UNION CORPORATE RECORDS THAT FAIRLY BALANCE THE CREDIT UNION MEMBERS' RIGHT TO BE INFORMED AND THE NEED FOR THE CREDIT UNION TO PROTECT CONFIDENTIAL AND PROPRIETARY DOCUMENTS OF THE CREDIT UNION AND PRIVACY INFORMATION OF EMPLOYEES. GUIDELINES FOR REQUESTING CREDIT UNION CORPORATE RECORDS- A MEMBER REQUESTING ANY CREDIT UNION CORPORATE RECORDS MUST SPECIFICALLY IDENTIFY THE DISCLOSABLE RECORDS REQUESTED. THE CREDIT UNION MAY REQUIRE THE MEMBER TO SIGN A CONFIDENTIALITY AGREEMENT TO PROTECT THE CREDIT UNION FROM UNAUTHORIZED DISCLOSURE OF CERTAIN PROPRIETARY INFORMATION (CREDIT UNION RECORDS II-VII LISTED BELOW). B. AVAILABILITY AND DISCLOSURE OF CREDIT UNION CORPORATE RECORDS. UPON A PROPER REQUEST, THE CREDIT UNION WILL MAKE THE FOLLOWING DOCUMENTS AVAILABLE TO MEMBERS: I. ARTICLES AND BYLAWS. (CONFIDENTIALITY AGREEMENT NOT REQUIRED) II. MINUTES OF MEMBERSHIP MEETINGS. III. ANNUAL FINANCIAL REPORT IV. FINANCIAL REPORTS AND FORMS. 5300 CALL REPORTS. FORM 990 (SUBJECT TO THE CREDIT UNION'S DISCLOSURE GUIDELINES FOR FORM 990). V. CODE OF ETHICS. VI. CORPORATE GOVERNANCE POLICIES. CORPORATE GOVERNANCE GUIDELINES FOR MEMBERS MEETINGS AND ACTIONS. MEMBERS RIGHTS POLICY. VII. BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE. NAMES, BIOGRAPHICAL INFORMATION, AND COMMITTEE ASSIGNMENTS. C. LIMITED ACCESS TO CREDIT UNION RECORDS. THE CREDIT UNION DOES NOT MAKE ALL CREDIT UNION RECORDS AVAILABLE TO GENERAL MEMBER REQUESTS DUE TO THE CONFIDENTIAL AND PROPRIETARY NATURE OF THE INFORMATION CONTAINED IN THE RECORDS, THE DISCLOSURE OF WHICH WOULD CREATE A COMPETITIVE OR REPUTATION RISK TO THE CREDIT UNION AND AN INVASION OF PRIVACY OF MEMBERS' AND EMPLOYEES' PERSONAL INFORMATION. THE CREDIT UNION CANNOT DISCLOSE MEMBER NAMES OR ACCOUNT INFORMATION OR MAKE AVAILABLE A MEMBERSHIP LIST UNLESS REQUIRED BY LAW. SIMILARLY, THE CREDIT UNION DOES NOT MAKE MINUTES OF BOARD OF DIRECTOR MEETINGS AVAILABLE DUE TO PROPRIETARY, STRATEGIC BUSINESS, AND PRIVATE EMPLOYMENT MATTERS ADDRESSED AT SUCH MEETINGS. MEETINGS OF THE BOARD AND BOARD COMMITTEES ARE OPEN TO THE BOARD MEMBERS, SUPERVISORY COMMITTEE MEMBERS, BOARD COMMITTEE MEMBERS, AND SUCH CREDIT UNION MANAGEMENT AS THE BOARD INVITES TO SUCH MEETINGS. IN ACCORDANCE WITH THE ACT, BOARD AND BOARD COMMITTEE MEETINGS ARE NOT OPEN TO THE GENERAL MEMBERSHIP DUE TO THE STRATEGIC BUSINESS, PRIVATE FINANCIAL AND EMPLOYMENT RELATED INFORMATION DISCUSSED AT SUCH MEETINGS. ALSO, THE CREDIT UNION, AS A MATTER OF LAW, CANNOT DISCLOSE THE CONTENTS OF ANY EMPLOYMENT OR BENEFITS AGREEMENT OF ANY EMPLOYEE INCLUDING THE CEO. THE CREDIT UNION, IN ITS SOLE DISCRETION AND ON A CASE-BY-CASE REQUEST AND DETERMINATION, MAY CONSIDER A SPECIFIC RECORD REQUEST WITH RESPECT TO THE OTHER TYPES OF CREDIT UNION RECORDS BALANCING THE MEMBER'S NEED FOR THE INFORMATION AND THE CREDIT UNION'S NEED TO PROTECT SUCH RECORDS OR INFORMATION FROM DISCLOSURE. THE CREDIT UNION MAY REQUIRE THE MEMBER TO SIGN A CONFIDENTIALITY AGREEMENT TO PROTECT THE CREDIT UNION FROM UNAUTHORIZED DISCLOSURE OF ANY PROPRIETARY INFORMATION. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 1,304,757. EQUITY ACQUIRED IN MERGERS 419,638. TOTAL TO FORM 990, PART XI, LINE 5: 1,724,395. | CHANGES IN NET ASSETS OR FUND BALANCES: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FULCRUM CONSULTING LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 711 CAPITOL WAY SOUTH SUITE 708 | AddressLine1 |
| City | OLYMPIA | City |
| State | WA | State |
| ZIP Code | 98501 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 260473592 | EIN |
| Primary Activities | CONSULTING | PrimaryActivities |
| Legal Domicile State | WA | LegalDomicileState |
| Total Income | 1700762 | TotalIncome |
| EOY Assets | 772691 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TWINSTAR CREDIT UNION | BusinessNameLine1 |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CREDIT UNION SERVICES THROUGH OPERATIONS MANAGEMENT INC (CUSTOM) | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6004 CAPITAL BLVD SOUTH | AddressLine1 |
| City | TUMWATER | City |
| State | WA | State |
| ZIP Code | 98501 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 911283584 | EIN |
| Primary Activity | DATA PROCESSING | PrimaryActivity |
| Legal Domicile State | WA | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TWINSTAR CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C | TypeOfEntity |
| Share Of Total Income | 1487044 | ShareOfTotalIncome |
| Share Of EOY Assets | 245727 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 1 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 1 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 1 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| CREDIT UNION SERVICES THROUGH OPERATIONS MANAGEMENT INC | ||
| A | 53865 | ACTUAL AMOUNT |
| CREDIT UNION SERVICES THROUGH OPERATIONS MANAGEMENT INC | ||
| L | 1142983 | ACTUAL AMOUNT |
| CREDIT UNION SERVICES THROUGH OPERATIONS MANAGEMENT INC | ||
| P | 75000 | ACTUAL AMOUNT |
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