2012-11-15T16:41:12-06:00 2011-12-31 910189318 Moss Adams LLP 601 W Riverside Suite 1800 Spokane WA 992010629 990 2011-01-01 910863377 Numerica Credit Union NUME 5095357613 14610 E Sprague Avenue Spokane Valley WA 992162146 Cindy Leaver 5095357613 2012-11-15 1 Cheri R Burnham CPA P00055324 5097472600 2011 2016-02-24 21:20:13Z Cindy Leaver 14610 E Sprague Avenue Spokane Valley WA 992162146 86256264 0 1269 X www.numericacu.com X 1937 WA Credit union operated without profit for mutual purposes. 9 4 360 14 175460 0 0 0 58776475 60493499 6350615 6970809 -16484 -30756 65110606 67433552 0 18200 0 0 16791932 18017251 0 0 0 36968448 34088880 53760380 52124331 11350226 15309221 1063505200 1138735463 968222838 1025093875 95282362 113641588 Credit Union operated without profit for mutual purposes. 0 0 Provide financial services to 88,511 members. These services include, but are not limited to, providing real estate and other secured/unsecured consumer loans, checking and savings programs, and credit card services. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 30684 0 1 360 1 1 1 0 0 0 0 0 X 9 4 0 0 0 0 1 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 X Cindy Leaver 5095357613 14610 E Sprague Avenue Spokane Valley WA 99216 David Shriver 8.00 X X 0 0 0 Joe Day 8.00 X X 0 0 804 Marguerite Haverfield 8.00 X X 0 0 0 Larry Lanning 8.00 X 0 0 1191 Rudy Mueller 8.00 X 0 0 942 Scott Clark 8.00 X 0 0 744 Doug Boseth 8.00 X 0 0 0 Ron Hupp 8.00 X 0 0 0 Robin Harmon 8.00 X 0 0 0 Dennis Cutter 40.00 X 379992 0 34729 Jennifer Lehn 40.00 X 233334 0 29651 Cindy Leaver 40.00 X 171117 0 19380 Mary Ronnfeldt 40.00 X 135351 0 19745 Eugene Fitzpatrick 40.00 X 149715 0 16647 Larry Shintani 40.00 X 190102 0 21986 Chris Hyde 40.00 X 131542 0 10747 Nancy Harter Norbury 40.00 X 176207 0 24115 Michelle Grabicki 40.00 X 125559 0 21174 Carla Altepeter 40.00 X 120624 0 11068 Kelly Ferguson 40.00 X 126381 0 21121 Elizabeth Sparlin 40.00 X 107923 0 11610 Lisa Vold 40.00 X 113101 0 14524 Greg Hansen 40.00 X 118141 0 18155 2279089 0 278333 15 0 1 0 Jack Henry & Associates Inc PO Box 503328 St Louis MO 63150 Software Provider 2023878 MTR Communications 1705 S Maple Blvd Spokane WA 99203 Public Relations 770108 PSCU Financial Services Inc 560 Carillon Parkway St Petersburg FL 33716 Home Banking/Gift Card Issuer 306442 XO Communications 14239 Collections Center Drive Chicago IL 60693 Telephone/Data/Internet Service 231069 The William Craig Company Inc PO Box 190 Auburn WA 98071 Appraisals 211755 26 Interest on Loans 522100 47152936 47152936 Fee Income 522100 13340563 13134347 206216 60493499 6846225 6846225 132807 163563 -30756 -30756 -30756 17995290 788443 17825870 833279 169420 -44836 124584 124584 67433552 60287283 175460 6970809 18200 2293736 11803096 1045669 1678058 1196692 6473 66479 267017 1362763 2430008 860367 1311428 248821 17413 15754174 168223 228775 Provision for Loan Loss 7100000 NCUISF Expense 2343818 Loan Servicing/Collecti 1359659 Other Operating Expense 380392 183070 52124331 16704512 45456069 2138949 2331238 2988793 2167108 722904651 774345981 805562 813454 49654022 13916896 36017955 35737126 259588351 258174390 287429 265962 22068998 19444135 1063505200 1138735463 11132625 12149728 41552282 38195149 915537931 974748998 968222838 1025093875 X 0 0 0 0 95282362 113641588 95282362 113641588 1063505200 1138735463 X 15309221 3050005 X X 0 1 1 X 0 9545721 9545721 29039928 5695353 23344575 3931318 2683425 1247893 7137055 5538118 1598937 35737126 Available for Sale Securities 243655251 F Held to Maturity Securities 2264769 C NCUSIF Deposit 9375270 C Federal Home Loan Bank Stock 2629100 C Other Investments 250000 C 258174390 Shares & Deposits 974748998 974748998 67433552 52124331 15309221 3050005 3050005 18359226 69346953 1913401 1913401 67433552 0 67433552 54037732 1913401 1913401 52124331 0 52124331 Description of Uncertain Tax Positions Under FIN 48: Part X: The Credit Union is exempt by statute from federal income taxes under the provisions of Section 501 of the Internal Revenue Code of 1954; however, the Credit Unions unrelated business income and subsidiaries are subject to federal income taxes. There were no significant income taxes for the years ended December 31, 2011 and 2010. Accounting principles prescribe a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The Credit Union had no unrecognized tax positions at December 31, 2011, or December 31, 2010. It is the Credit Union's policy to record any penalties or interest arising from federal or state taxes as a component of noninterest expense. The Credit Union files a federal exempt organization return and sales and use tax return with the state of Washington. With few exceptions, the Credit Union is no longer subject to U.S. federal or state and local income tax examinations by tax authorities for years before 2008. Part XII, Line 2d - Other Adjustments: Unrelated Rental Expenses 163,563. Amortization of Origination Fee 1,749,838. Part XIII, Line 2d - Other Adjustments: Unrelated Rental Expenses 163,563. Amortization of Origination Fee 1,749,838. 1 X Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Donations are routed through the Community Involvement Committee (CIC) or through the Communications department depending on the request. The request is then evaluated either by Communications or by the CIC donations sub-committee and a determination made as to the amount to be donated. Effective September 2012, all acknowledgements are retained and recipients of the donations recorded. X X X X 1 1 X X X 0 1 0 Dennis Cutter 271229 0 108763 0 0 0 26288 0 8441 0 414721 0 0 0 Jennifer Lehn 197812 0 34272 0 1250 0 21604 0 8047 0 262985 0 0 0 Cindy Leaver 145560 0 24307 0 1250 0 11645 0 7735 0 190497 0 0 0 Mary Ronnfeldt 114783 0 20368 0 200 0 13237 0 6508 0 155096 0 0 0 Eugene Fitzpatrick 127604 0 22061 0 50 0 10208 0 6439 0 166362 0 0 0 Larry Shintani 135766 0 53439 0 897 0 14647 0 7339 0 212088 0 0 0 Nancy Harter Norbury 148979 0 25978 0 1250 0 16336 0 7779 0 200322 0 0 0 Part I, Line 1a Health or social club dues/initiation fees are provided for executive management as a benefit. Their compensation is taxed appropriately for this benefit. Board members who have companions traveling have these expenses included for taxable purposes in their 1099-Misc. Part I, Line 4b Dennis Cutter received a contribution to his Supplemental Plan B Retirement Plan in the amount of $9,814.44. Mary Ronnfeldt Mortgage X 294400 268102 0 0 1 Mary Ronnfeldt Line of Credit X 25000 6705 0 0 1 Jennifer Lehn Mortgage X 173000 165992 0 0 1 Jennifer Lehn HELOC X 60000 35692 0 0 1 Jennifer Lehn Auto X 14000 7254 0 0 1 Jennifer Lehn HELOC X 20000 14643 0 0 1 Nancy Norbury - Harter HELOC X 90000 52346 0 0 1 Larry Shintani Mortgage X 250000 224679 0 0 1 Larry Shintani Auto X 48466 34755 0 0 1 Cindy Leaver HELOC X 18000 13737 0 0 1 Cindy Leaver Auto X 18442 6569 0 0 1 Cindy Leaver Mortgage X 123000 120364 0 0 1 Jennifer Lehn Computer X 933 389 0 0 1 Cindy Leaver Computer X 2700 1432 0 0 1 Karla Hupp HELOC X 29114 19166 0 0 1 Karla Hupp Car Loan X 5436 3839 0 0 1 Karla Hupp Car Loan X 16423 2868 0 0 1 Douglas Boseth Mortgage X 67000 30864 0 0 1 David Shriver HELOC X 100199 144300 0 0 1 Scott Clark Mortgage X 114000 13169 0 0 1 Robin Harmon Collateralized Loan - Open End X 25611 11729 0 0 1 Robin Harmon Collateralized Loan - Open End X 21372 11702 0 0 1 Robin Harmon Mortgage X 269895 269133 0 0 1 Carla Altepeter Mortgage X 562500 561311 0 0 1 Scott Clark Collateralized Loan - Closed End X 6036 5377 0 0 1 Scott Clark Collateralized Loan - Closed End X 13000 13000 0 0 1 Kelley Ferguson Collateralized Loan - Closed End X 27817 25663 0 0 1 Jennifer Lehn Dealer Loan X 32362 31984 0 0 1 Michelle Grabicki Auto X 31280 25092 0 0 1 Michelle Grabicki PAL X 750 660 0 0 1 Susan Nielsen Mortgage X 56000 19314 0 0 1 Scott Plumb Auto X 31000 25278 0 0 1 2167108 Form 990, Part VI, Line 9: Dennis Cutter S. 6220 Kaniksu Court Spokane, WA 99206 Chris Hyde PO Box 4731 Spokane, WA 99220 Form 990, Part VI, Section A, line 6 Organization has one class of members. Form 990, Part VI, Section A, line 7a Organization's members may elect one or more members of the governing body. Form 990, Part VI, Section A, line 7b Organization's members approve decisions of the governing body. Form 990, Part VI, Section B, line 11 Form 990 is reviewed by Executive Management. Form 990, Part VI, Section B, line 12c There is an annual certification process where the code of ethics policy for volunteers is reviewed. Form 990, Part VI, Section B, line 15 The board reviews the CEO's contract annually and uses data from CUES (Credit Union Executive Society) to provide contemporaneous substantiation of the deliberation and decisions. All of the salary ranges for the entire organization are set based on salary surveys from Goodwin & Associates through a program called Compease. The surveys are of financial institutions of similar size and region. In addition, for the executive management team, we consult with CUES to determine where within the ranges the executives should be. This is considered along with their annual performance reviews. Form 990, Part VI, Section C, line 18 Available upon request. Form 990, Part VI, Section C, line 19 Available upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 3,050,005. Form 990, Part XII, Line 2c: The Organization has a committee that is responsible for oversight of the audit and selection of independent auditors. There have been no changes to the process during the year. Numerica Member Services Inc PO Box 4000 Spokane Valley WA 99037 911320629 Financial Counseling Service WA Numerica Credit Union C 41210 503823 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 Numerica Member Services Inc A 60000 FMV