SPOKANE TEACHERS CREDIT UNION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- SPOKANE TEACHERS CREDIT UNION (EIN 91-0565128)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-07-27
- IRS object ID
- 201242099349300624
- 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 | 2012-07-27T09:19:51-07:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 910565128 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Spokane Teachers Credit Union | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SPOK | NameControl |
| Phone | 5093261954 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1620 North Signal Drive | AddressLine1 |
| City | Liberty Lake | City |
| State | WA | State |
| ZIP Code | 99019 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Lindsey Myhre | Name |
| Title | Dir of Acct/Finance | Title |
| Date Signed | 2012-07-27 | DateSigned |
| 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 | Thomas Johnson | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1521 E Heritage Lane | AddressLine1 |
| City | Spokane | City |
| State | WA | State |
| ZIP Code | 99208 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 132130985 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| All Affiliates Included | false | AllAffiliatesIncluded |
| Group Exemption Number | 1269 | GroupExemptionNumber |
| Organization501c | X | Organization501c |
| Web Site | www.stcu.org | WebSite |
| Type Of Organization Other | X | TypeOfOrganizationOther |
| Year Formation | 1934 | YearFormation |
| State Legal Domicile | WA | StateLegalDomicile |
| Activity Or Mission Description | 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 100,493 members as of 12/31/11. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 13 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 13 | NbrIndependentVotingMembers |
| Total Nbr Employees | 511 | TotalNbrEmployees |
| Total Nbr Volunteers | 21 | TotalNbrVolunteers |
| Total Gross UBI | 107779 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -8783 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 93958 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 102010 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 86677264 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 85577308 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 4552149 | InvestmentIncomePriorYear |
| Investment Income Current Year | 4900338 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 233547 | OtherRevenuePriorYear |
| Other Revenue Current Year | 228417 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 91556918 | TotalRevenuePriorYear |
| Total Revenue Current Year | 90808073 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 16153727 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 13703709 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 25457196 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 27745409 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 34218621 | OtherExpensePriorYear |
| Other Expenses Current Year | 30022779 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 75829544 | TotalExpensesPriorYear |
| Total Expenses Current Year | 71471897 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 15727374 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 19336176 | RevenuesLessExpensesCY |
| Total Assets BOY | 1459830087 | TotalAssetsBOY |
| Total Assets EOY | 1593930868 | TotalAssetsEOY |
| Total Liabilities BOY | 1315433357 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1430031486 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 144396730 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 163899382 | NetAssetsOrFundBalancesEOY |
| Mission Description | 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 100,493 members as of 12/31/11. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | STCU had outstanding loans of $1,268,254,366 at December 31, 2011, representing 64,106 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. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | STCU provides share and deposit products, including checking, savings, money market, certificates, and IRA/Keogh accounts. At December 31, 2011, STCU had total share and deposit balances of $1,122,998,898 representing 184,590 individual accounts. STCU paid members dividends on their share and deposit accounts $13,703,709 in 2011. STCU earns various fees on transactions, balances or other financial products as outlined in the membership agreement or published fee schedules. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | true | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | true | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 117685 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 511 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Form8886 T Filed | false | Form8886TFiled |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Non Deductible Disclosure | false | NonDeductibleDisclosure |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Filed Lieu1041 | false | FiledLieu1041 |
| Licensed More Than One State | false | LicensedMoreThanOneState |
| Indoor Tanning Services | false | IndoorTanningServices |
| Form720 Filed | false | Form720Filed |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 13 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 13 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Policies Reference Chapters | false | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedure |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Spokane Teachers Credit Union | NamePerson |
| Telephone Number | 5093261954 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1620 N Signal Drive | AddressLine1 |
| City | Liberty Lake | City |
| State | WA | State |
| ZIP Code | 99019 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (31 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| Judy Morris | ||||||||
| Director | 2.00 | X | 1362 | 0 | 0 | |||
| Margaret Patterson | ||||||||
| Director | 2.00 | X | 0 | 0 | 0 | |||
| Ivonne Fiedler | ||||||||
| Director | 2.00 | X | 627 | 0 | 0 | |||
| Robert Loomis | ||||||||
| Director | 2.00 | X | 1598 | 0 | 0 | |||
| Ellen Hung | ||||||||
| Director | 2.00 | X | 0 | 0 | 0 | |||
| Robert Jayne | ||||||||
| Director | 2.00 | X | 557 | 0 | 0 | |||
| Don Trail | ||||||||
| Affiliate | 2.00 | X | 432 | 0 | 0 | |||
| Jay Walter | ||||||||
| Director | 2.00 | X | 290 | 0 | 0 | |||
| John Young | ||||||||
| Director | 2.00 | X | 541 | 0 | 0 | |||
| Wally Stanley | ||||||||
| Vice Chair | 2.00 | X | 432 | 0 | 0 | |||
| Georgia Miller | ||||||||
| Chair | 3.00 | X | 897 | 0 | 0 | |||
| Carol Nelson | ||||||||
| Director | 2.00 | X | 0 | 0 | 0 | |||
| Mike Rennaker | ||||||||
| Director | 4.00 | X | 1865 | 0 | 0 | |||
| Cathy Doran | ||||||||
| Supervisory Com | 2.00 | X | 0 | 0 | 0 | |||
| Wayne Leonard | ||||||||
| Supervisory Com | 2.00 | X | 0 | 0 | 0 | |||
| Dolores Humiston | ||||||||
| Director | 2.00 | X | 169 | 0 | 0 | |||
| Belinda Caillouet | ||||||||
| Vice President | 40.00 | 145608 | 0 | 31708 | X | |||
| Scott Adkins | ||||||||
| Vice President | 40.00 | 150078 | 0 | 39923 | X | |||
| Brad Hunter | ||||||||
| Vice President | 40.00 | 139323 | 0 | 26251 | X | |||
| Thomas Johnson | ||||||||
| President & CEO | 40.00 | 348993 | 0 | 99420 | X | |||
| William Before | ||||||||
| CFO | 40.00 | 185500 | 0 | 150297 | X | |||
| Terri Wilson | ||||||||
| COO | 40.00 | 195289 | 0 | 149275 | X | |||
| Patsy Gayda | ||||||||
| Vice President | 40.00 | 123880 | 0 | 22823 | X | |||
| Evelyn Hopkins | ||||||||
| Vice President | 40.00 | 136377 | 0 | 29844 | X | |||
| Tammy Fleiger | ||||||||
| Vice President | 40.00 | 117671 | 0 | 22032 | X | |||
| Laura Wood | ||||||||
| Dir of HR | 40.00 | 101271 | 0 | 28677 | X | |||
| Patricia Kelly | ||||||||
| Dir of IS | 40.00 | 106061 | 0 | 20582 | X | |||
| Dale Davaz | ||||||||
| Dir E-Business | 40.00 | 99752 | 0 | 28756 | X | |||
| Marlis Petersen-Spawn | ||||||||
| Dir Acctng/Finance | 40.00 | 103119 | 0 | 20243 | X | |||
| Barbara Richey | ||||||||
| 40.00 | 101894 | 0 | 11365 | X | ||||
| Steve Dahlstrom | ||||||||
| CEO | 40.00 | 30772 | 0 | 7124 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2094358 | TotalReportableCompFromOrg |
| Total Other Compensation | 688320 | TotalOtherCompensation |
| Number Individuals GT100 K | 14 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Phillabaum Ledlin | |||||
| 421 W Riverside 900 | Spokane | WA | 99201 | Legal | 129183 |
| Mike Pursel Advertising | |||||
| 8601 N Division St STE C | Spokane | WA | 99208 | Advertising | 364795 |
| Corner Booth Medai | |||||
| 122 S Monroe STE 202 | Spokane | WA | 99201 | Media | 112897 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| Membership Dues | 102010 | MembershipDues |
| Total Contributions | 102010 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| Loan Svc and Origination | 522100 | 1026153 | 1026153 | |
| Loan Interest Income | 522100 | 70436685 | 70436685 | |
| Fees and Service Charges | 522100 | 14114470 | 14006691 | 107779 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 85577308 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4122010 | TotalRevenueColumn |
| Exclusion | $4,122,010 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 384731 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 156314 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 228417 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 228417 | TotalRevenueColumn |
| Exclusion | $228,417 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3177 | Securities |
| Other | 41941749 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 41166598 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3177 | Securities |
| Other | 775151 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 778328 | TotalRevenueColumn |
| Related Or Exempt Function Income | 778328 | RelatedOrExemptFunctionIncome |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 90808073 | TotalRevenueColumn |
| Related Or Exempt Function Income | 86247857 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 107779 | UnrelatedBusinessRevenue |
| Exclusion | $4,350,427 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13703709 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2123062 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19102733 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1155867 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3571515 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1792232 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57079 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 59735 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 817899 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2078944 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1843122 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1173558 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1931871 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 630274 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2838139 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2534773 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| Telephone | 566233 |
| Provision for Loan Loss | 6123311 |
| Processing Expense | 6432602 |
| NCUSIF Premium | 3069280 |
| Loan Servicing Expense | 693378 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -827419 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 71471897 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12938232 | BOY |
| EOY | 12446463 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38611384 | BOY |
| EOY | 69628183 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1223916178 | BOY |
| EOY | 1256672737 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 838067 | BOY |
| EOY | 1149891 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 65993024 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 26474677 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30226045 | BOY |
| EOY | 39518347 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 114702490 | BOY |
| EOY | 182726115 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5366500 | BOY |
| EOY | 5616500 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33231191 | BOY |
| EOY | 26172632 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1459830087 | BOY |
| EOY | 1593930868 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10937568 | BOY |
| EOY | 13736385 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2491850 | BOY |
| EOY | 2610128 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 104771120 | BOY |
| EOY | 99494300 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1197232819 | BOY |
| EOY | 1314190673 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1315433357 | BOY |
| EOY | 1430031486 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 144396730 | BOY |
| EOY | 163899382 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 144396730 | BOY |
| EOY | 163899382 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1459830087 | BOY |
| EOY | 1593930868 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 19336176 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 166476 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
| Federal Grant Audit Performed | false | FederalGrantAuditPerformed |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | 14105 | PoliticalExpenditures |
| Amt Expended For527 Activities | 14105 | AmtExpendedFor527Activities |
| Total Exmpt Function Expenditures | 14105 | TotalExmptFunctionExpenditures |
| Form1120 Pol Filed | true | Form1120PolFiled |
Sec527 Pol Orgs Sec527PolOrgs
Name Of527 Organization NameOf527Organization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Credit Union Legislative Action Fun | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 33301 9th Ave SE STE 200 | AddressLine1 |
| City | Federal Way | City |
| State | WA | State |
| ZIP Code | 98003 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 800043051 | EIN |
| Amt Pd From Internal Funds | 14105 | AmtPdFromInternalFunds |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | false | AgentTrusteeEtc |
| Included On FS | true | IncludedOnFS |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 38000 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 6628313 | OtherCostOrOtherBasis |
| Book Value | 6666313 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 48000 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 31839301 | OtherCostOrOtherBasis |
| Depreciation | 8568507 | Depreciation |
| Book Value | 23318794 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 841545 | OtherCostOrOtherBasis |
| Depreciation | 511019 | Depreciation |
| Book Value | 330526 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 26597865 | OtherCostOrOtherBasis |
| Depreciation | 17395151 | Depreciation |
| Book Value | 9202714 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 39518347 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (7 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Rounding | $1 |
| Depost Accounts - Certificates | $387,253,680 |
| Deposit Accounts - Savings | $109,168,349 |
| Deposit Accounts - Money Market Accounts | $516,993,366 |
| Deposit Accounts - IRA Shares | $97,536,789 |
| Deposit Accounts - IRA Certificates | $25,290,349 |
| Deposit Accounts - Checking | $177,948,139 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1314190673 | TotalOfAmounts |
| Total Revenue | 90808073 | TotalRevenue |
| Total Expenses | 71471897 | TotalExpenses |
| Excess Or Deficit For Year | 19336176 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -222397 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -222397 | TotalAdjustments |
| Excess Or Deficit Per FS | 19113779 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 90652047 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -222397 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | -222397 | RevenueNotRptdF990 |
| Revenue Subtotal | 90874444 | RevenueSubtotal |
| Other Revenues Not Included | -66371 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -66371 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 90808073 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 71538268 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 71538268 | ExpensesSubtotal |
| Other Expenses Not Included | -66371 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | -66371 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 71471897 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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 2010 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, 2011.The Credit Union's 2006 through 2011 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. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | 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 | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (8 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Bonus Filing OrgBonusFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg |
|---|---|---|---|---|---|---|
| William Before | ||||||
| 172613 | 8872 | 4015 | 136781 | 13516 | 335797 | 6794 |
| Thomas Johnson | ||||||
| 308982 | 21806 | 18205 | 87745 | 11675 | 448413 | 23055 |
| Terri Wilson | ||||||
| 175873 | 10947 | 8469 | 139040 | 10235 | 344564 | 4230 |
| Steve Dahlstrom | ||||||
| 7211 | 22121 | 1440 | 1482 | 5642 | 37896 | 22121 |
| Scott Adkins | ||||||
| 139114 | 7544 | 3420 | 21407 | 18516 | 190001 | 3682 |
| Evelyn Hopkins | ||||||
| 122164 | 6075 | 8138 | 19609 | 10235 | 166221 | 4850 |
| Brad Hunter | ||||||
| 129430 | 6473 | 3420 | 20326 | 5925 | 165574 | 4962 |
| Belinda Caillouet | ||||||
| 134386 | 6610 | 4612 | 21473 | 10235 | 177316 | 5297 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Sch J, Part I, Line 1a | Identifier |
| Return Reference | Part I, Line 1a: Relevant information in regards to selections on 1a. | ReturnReference |
| Explanation | 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. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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 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 11 | Form 990, Part VI, Line 11: 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 in Kootenai or Bonner Counties in Idaho. STCU members elect the board of directors and the supervisory committee members. |
Comments