2012-05-09T19:24:37-07:00 2011-12-31 990 2011-01-01 910564946 CREDIT UNIONS IN THE STATE OF WASHINGTON CRED 5098386157 PO BOX 48275 Spokane WA 992281275 Renee Robertson 5092328912 2012-05-09 2011 2016-02-24 21:20:13Z Margaret Burkholz 9707 N Nevada Spokane WA 99218 2573345 0 1269 X primesourcecu.org X 1935 WA Credit Union Operated without profit for mutual purposes 7 7 19 10 0 0 0 0 2360922 2307408 257604 231438 31056 34499 2649582 2573345 0 0 442614 328394 835345 934775 0 0 0 990831 1042592 2268790 2305761 380792 267584 46243453 48112123 757504 914947 45485949 47197176 Credit Union Operated without profit for mutual purposes 0 0 0 0 2573345 Credit Union Programs: Providing financial services to 5576 members. These services include, but are not limited to, loans and savings programs. The services are provided by 19 employees and 10 non-paid volunteers (5576 members) 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 2000 0 1 19 1 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 1 0 0 X PrimeSource Credit Union 5098386157 9707 N Nevada Spokane WA 99218 Dennis Clark 1 X 0 0 0 Steve Doolittle 1 X 0 0 0 Jeff Hansen 1.00 X 0 0 0 Mark Henry 1 X 0 0 0 Clint Price 1 X 0 0 0 Troy Bruner 1 X 0 0 0 Leonard Selvaggio 1 X 0 0 0 Homer Todd 1 X 0 0 0 Charlanne Arthur 1 X 0 0 0 Jean Moffatt 1 X 0 0 0 Margaret Burkholz 40 X X X 126152 0 6060 Renee Robertson 40 X X 66508 0 0 Annettee Saens 40 X X 58996 0 4008 Kevin Spoerl 40 X X 66504 0 0 318160 0 10068 1 0 0 0 0 0 Interest on Loans to Members 522130 2085600 0 0 2085600 service fees 522130 221808 0 0 221808 0 0 0 0 2307408 231438 0 0 231438 0 0 0 0 0 0 0 0 0 0 0 0 Other Operating Income 522130 34499 0 0 34499 0 0 0 0 34499 2573345 0 0 2573345 X 328394 328228 387425 81322 69719 68081 821 11500 56036 26407 103574 164277 89832 59258 59324 29703 Loan Servicing Costs 95904 Provision for Loan and Courtesy Pay Losses 212350 Member Serivce Costs 28976 Miscellaneous Expenses and NCUA/NCUSIF 104630 2305761 0 0 0 4029203 2917794 6845921 7360925 167 475 32921050 35325207 117822 211439 3091631 988759 2158260 2102872 56112 57102 114918 136309 46243453 48112123 366060 373779 391444 541168 757504 914947 X 39028172 40604273 0 0 6457777 6592903 45485949 47197176 46243453 48112123 X 267584 1443643 X 0 1 1 X 0 0 598751 598751 0 1726449 390423 1336026 0 0 0 0 0 766431 598336 168095 0 0 0 0 2102872 Settlement and clearing accts, Pejnsion Liability 541168 541168 2573345 2305761 267584 0 0 0 0 0 0 267584 2573345 0 0 0 0 0 2573345 0 0 0 2573345 2305761 0 0 0 0 0 2305761 0 0 0 2305761 F990_P05_S00_L01a Form 990, Part V, Line 1a This number is an estimate based upon various sources including the filing produced manually within our credit union, those produced by our data processor for our members' account information, and those produced by a third party IRA processor. F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 The organization is a Credit Union, by definition a financial cooperative, composed of 5576 members who hold Savings accounts and/or Loan Accounts. It is governed by a 7 member board of directors who are elected from and by the membership and are unpaid volunteers. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a The organization is a Credit Union, by definition a financial cooperative, composed of 5576 members who hold Savings accounts and/or Loan Accounts. It is governed by a 7 member board of directors who are elected from and by the membership and are unpaid volunteers. Each member of the credit union has, equally, one vote in the annual election of officers to the Board of Directors and Supervisory Committee. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The 990 Form is completed by the Vice President of finance and reviewed by the CEO prior to it's submission. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Annually, the Board of Directors reviews and sets the CEO's salary based upon her proformance reviews, reviews of third party independent salary surveys, and economic and financial conditions. This process is completed duuring an executive session of the Board of Directors meeting and documented in the minutes of such meeting. Annually, the CEO reviews and sets the salary for the executive management based upon their proformance reviews, reviews of various third party independent salary surveys, and economic conditions. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 PrimeSource Credit Union publishes it financial statements each year during the annual meeting of members and on it's website. Copies of these statements are also available upon request from individuals at our offices. Additionally, we provide our 990 for review upon request by individuals at our offices. Copies of our conflict of interest policies are given to each new employee within one week of their hire date and each applicant for the board of directors or supervisory committee upon receipt of their application. Our financial information is also available on the NCUA's website as part of our quarterly 5300 reporting F990_P09_S00_L04 Form 990, Part IX, Line 4 Dividends Paid on Deposit accounts F990_P11_S00_L05 Form 990, Part XI, Line 5 The other changes in net assets or funds balances can be directly attributed to a change in total Member Share Deposits combined with a change in Other Comprehensive Income