SOLARITY CREDIT UNION: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
SOLARITY CREDIT UNION (EIN 91-6049071)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-08-10
IRS object ID
201112229349301276
Schema version
2010v3.4
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

FieldValueIRS element (for citing)
Timestamp2011-08-10T12:20:37-05:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1RSM MCGLADREY INCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1801 NICOLLET MALL SUITE 1100AddressLine1
CityMINNEAPOLISCity
StateMNState
ZIP Code55402ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2010-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN916049071EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1CREDIT UNIONS IN THE STATE OF WASHINGTONBusinessNameLine1
Business Name Line2CATHOLIC CREDIT UNIONBusinessNameLine2
FieldValueIRS element (for citing)
Name ControlCREDNameControl
Phone5092482960Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1110 NO FIFTH AVENUE PO BOX 2690AddressLine1
CityYAKIMACity
StateWAState
ZIP Code989072690ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NamePAUL T REGIMBALName
TitleCEO/PRESIDENTTitle
Phone5092482960Phone
Date Signed2011-08-10DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameCOLLIN F BUZZELLName
Phone6125738750Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonPAUL T REGIMBALNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1110 NO FIFTH AVENUE PO BOX 2690AddressLine1
CityYAKIMACity
StateWAState
ZIP Code989072690ZIPCode
FieldValueIRS element (for citing)
Gross Receipts8885516GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Group Exemption Number1269GroupExemptionNumber
Organization501cXOrganization501c
Web SiteWWW.CATHOLICCU.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1951YearFormation
State Legal DomicileWAStateLegalDomicile
Activity Or Mission DescriptionTHE MISSION OF CATHOLIC CREDIT UNION IS TO PROVIDE ITS MEMBERS WITH A FINANCIALLY SECURE, ETHICALLY MANAGED CREDIT UNION THAT CONTINUALLY FOCUSES ON A COMMITMENT TO PROMPT, COURTEOUS AND CONVENIENT SERVICE AND COMPETITIVELY PRICED SAVINGS AND LOAN PRODUCTS.ActivityOrMissionDescription
Nbr Voting Members Governing Body9NbrVotingMembersGoverningBody
Nbr Independent Voting Members9NbrIndependentVotingMembers
Total Nbr Employees51TotalNbrEmployees
Total Nbr Volunteers11TotalNbrVolunteers
Total Gross UBI11224TotalGrossUBI
Net Unrelated Business Txbl Income-27884NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year0ContributionsGrantsPriorYear
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year7794746ProgramServiceRevenuePriorYear
Program Service Revenue CY7621634ProgramServiceRevenueCY
Investment Income Prior Year1564242InvestmentIncomePriorYear
Investment Income Current Year1211682InvestmentIncomeCurrentYear
Other Revenue Prior Year74298OtherRevenuePriorYear
Other Revenue Current Year52166OtherRevenueCurrentYear
Total Revenue Prior Year9433286TotalRevenuePriorYear
Total Revenue Current Year8885482TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year2624267BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY1767673BenefitsPaidToMembersCY
Salaries Etc Prior Year2866241SalariesEtcPriorYear
Salaries Etc Current Year3186709SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year4387792OtherExpensePriorYear
Other Expenses Current Year3580543OtherExpensesCurrentYear
Total Expenses Prior Year9878300TotalExpensesPriorYear
Total Expenses Current Year8534925TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-445014RevenuesLessExpensesPriorYear
Revenues Less Expenses CY350557RevenuesLessExpensesCY
Total Assets BOY177113164TotalAssetsBOY
Total Assets EOY190373429TotalAssetsEOY
Total Liabilities BOY151623801TotalLiabilitiesBOY
Total Liabilities EOY164533381TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY25489363NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY25840048NetAssetsOrFundBalancesEOY
Mission DescriptionTHE MISSION OF CATHOLIC CREDIT UNION IS TO PROVIDE ITS MEMBERS WITH A FINANCIALLY SECURE, ETHICALLY MANAGED CREDIT UNION THAT CONTINUALLY FOCUSES ON A COMMITMENT TO PROMPT, COURTEOUS AND CONVENIENT SERVICE AND COMPETITIVELY PRICED SAVINGS AND LOAN PRODUCTS.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
DescriptionCATHOLIC CREDIT UNION PROVIDES LOAN PRODUCTS TO ITS MEMBERSHIP. IN 2010, THERE WERE 2,246 NEW LOANS PROVIDED TO MEMBERS TOTALING $50,346,934. OF THESE LOAN PRODUCTS, 240 WERE EITHER FIRST OR SECOND MORTGAGE RELATED TOTALING $25,326,370.Description

Activity2 Activity2

FieldValueIRS element (for citing)
DescriptionCATHOLIC CREDIT UNION PROVIDES SAVINGS PRODUCTS TO ITS MEMBERSHIP. IN 2010, THERE WERE 29,452 TOTAL SAVINGS AND DEPOSIT PRODUCTS PROVIDED TO 18,888 MEMBERS. OF THESE SAVINGS AND DEPOSIT PRODUCTS, 19,729 WERE SAVINGS ACCOUNTS; 4,134 WERE CHECKING ACCOUNTS; 1,515 WERE INDIVIDUAL RETIREMENT SAVINGS ACCOUNTS AND/OR INDIVIDUAL RETIREMENT CERTIFICATES; 3,723 WERE CERTIFICATES OF DEPOSIT; AND 351 WERE MONEY MARKET RELATED ACCOUNTS. DIVIDENDS PAID TO MEMBERS TOTALED $1,767,673.Description

Activity3 Activity3

FieldValueIRS element (for citing)
DescriptionCATHOLIC CREDIT UNION PROVIDES GENERAL FINANCIAL EDUCATION TO ITS MEMBERS AND THE COMMUNITY. THIS IS DONE THROUGH THE USE OF NEWSLETTERS, TELEVISION PUBLIC SERVICE ANNOUNCEMENTS, AND THE UNDERWIRITING OF FINANCIAL LITERACY SHOWS BEING BROADCAST ON THE PUBLIC BROADCASTING SYSTEMS NETWORK. ADDITIONALLY, FINANCIAL EDUCATION PRESENTATIONS ARE PROVIDED TO HIGH SCHOOL STUDENTS IN COORDINATION WITH THEIR CURRENT CURRICULUM.Description
FieldValueIRS element (for citing)
Described In501 C30DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities0PoliticalActivities
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling1CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities1ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10965047NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees51NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income1UnrelatedBusinessIncome
Form990-T Filed1Form990-TFiled
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members9NbrVotingGoverningBodyMembers
Number Independent Voting Members9NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders1MembersOrStockholders
Election Of Board Members1ElectionOfBoardMembers
Decisions Subject To Approval1DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters1LocalChapters
Policies Reference Chapters1PoliciesReferenceChapters
Form990 Provided To Governing Body0Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy0WhistleblowerPolicy
Document Retention Policy0DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1PAULA SLAYE CFOBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number5092482960TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1110 NORTH FIFTH AVENUEAddressLine1
CityYAKIMACity
StateWAState
ZIP Code98902ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (13 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationKey EmployeeKeyEmployeeHighest Compensated EmployeeHighestCompensatedEmployee
JAMES P HURLEY
BOARD CHAIRPERSON0.50XX000
MARK A CHMELEWSKI
BOARD VICE-CHAIRPERSON0.30XX000
MARK R KRANZ
BOARD SECRETARY0.30XX000
MATTHEW D PETERSON
BOARD MEMBER/SUPERVISORY COMMITTEE0.50X000
KAY P GAMACHE
BOARD MEMBER0.30X000
GARY J KISSLING
BOARD MEMBER0.30X000
JOANN MILLER-ROSE
BOARD MEMBER0.30X000
DOUGLAS W NICHOLSON
BOARD MEMBER0.30X000
GARY H WALKER
BOARD MEMBER0.30X000
PAUL T REGIMBAL
CEO/PRESIDENT40.00X189206049223
PAULA M SLAYE
CHIEF FINANCIAL OFFICER40.00X120173026021
TERRY P WHEAT
CHIEF OPERATIONS OFFICER40.00186745027303X
TIMOTHY SPEER
MORTGAGE OFFICER40.00193991030513X
FieldValueIRS element (for citing)
Total Reportable Comp From Org690115TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation133060TotalOtherCompensation
Number Individuals GT100 K4NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
REGENCE BLUE SHIELD
1800 NINTH AVENUESEATTLEWA98101EMPLOYEE MEDICAL INSURANCE274303
JACK HENRY & ASSOCIATES
663 WEST HIGHWAY 60MONETTMO65708COMPUTER SYSTEM211234
TD AMERITRADE
1005 N AMERITRADE PLACEBELLEVUENE68005PENSION PLAN184546
CUNA MUTUAL
5910 MINERAL POINT ROADMADISONWI53701BOND & PROPERTY INSURANCE183211
INFO IMAGE
141 JEFFERSON DRIVEMENLO PARKCA94025STATEMENT VENDOR167861
FieldValueIRS element (for citing)
Number Of Contractors GT100 K6NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncomeUnrelated Business RevenueUnrelatedBusinessRevenue
LOAN INTEREST52210064832266483226
FEES AND CHARGES5221006709716687312240
CREDIT CARD AND OTHER5221004674374584538984
FieldValueIRS element (for citing)
Total Program Service Revenue7621634TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column1211682TotalRevenueColumn
Exclusion$1,211,682ExclusionAmount

Gross Rents GrossRents

FieldValueIRS element (for citing)
Real52200Real

Less Rental Expenses LessRentalExpenses

FieldValueIRS element (for citing)
Real34Real

Rental Income Or Loss RentalIncomeOrLoss

FieldValueIRS element (for citing)
Real52166Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column52166TotalRevenueColumn
Exclusion$52,166ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column8885482TotalRevenueColumn
Related Or Exempt Function Income7610410RelatedOrExemptFunctionIncome
Unrelated Business Revenue11224UnrelatedBusinessRevenue
Exclusion$1,263,848ExclusionAmount

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total1767673Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total598671Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total1869927Total

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total209459Total

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total298853Total

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total209799Total

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total5363Total

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total70000Total

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total94918Total

Advertising Advertising

FieldValueIRS element (for citing)
Total224339Total

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total484909Total

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total278133Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total296730Total

Travel Travel

FieldValueIRS element (for citing)
Total851Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total31392Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total549150Total

Insurance Insurance

FieldValueIRS element (for citing)
Total60143Total

Other Expenses OtherExpenses (5 entries)

DescriptionDescriptionTotalTotal
PROVISION FOR LOAN LOSS634364
LOAN SERVICING409639
NCUSIF CORPORATE STABIL392388
DUES35259
DONATIONS12965

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total8534925Total

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY1896627BOY
EOY686672EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY11475598BOY
EOY28425444EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY110343629BOY
EOY100298727EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY1055525BOY
EOY927730EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis11354982LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec4923892LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY6855399BOY
EOY6431090EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY457359BOY
EOY1410308EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY44847579BOY
EOY51387962EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY181448BOY
EOY805496EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY177113164BOY
EOY190373429EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY501417BOY
EOY625277EOY

Escrow Account Liability EscrowAccountLiability

FieldValueIRS element (for citing)
BOY125211BOY
EOY232399EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY150997173BOY
EOY163675705EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY151623801BOY
EOY164533381EOY
FieldValueIRS element (for citing)
Do Not Follow SFAS117XDoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

FieldValueIRS element (for citing)
BOY25489363BOY
EOY25840048EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY25489363BOY
EOY25840048EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY177113164BOY
EOY190373429EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses350557ReconcilationRevenueExpenses
Reconcilation Other Changes128ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtc
Included On FS1IncludedOnFS

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis1444131OtherCostOrOtherBasis
Book Value1444131BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis6652607OtherCostOrOtherBasis
Depreciation2401541Depreciation
Book Value4251066BookValue

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Other Cost Or Other Basis382112OtherCostOrOtherBasis
Depreciation94349Depreciation
Book Value287763BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis2848002OtherCostOrOtherBasis
Depreciation2399872Depreciation
Book Value448130BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis28130OtherCostOrOtherBasis
Depreciation28130Depreciation
Book Value0BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings6431090TotalOfBookValueLandBuildings

Other Securities OtherSecurities (2 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
BANKS,SAVINGS & LOANS49855719F
NCUA CAPITALIZATION FUND1532243F
FieldValueIRS element (for citing)
Total Of Book Value Securities51387962TotalOfBookValueSecurities

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
DescriptionMEMBER SAVINGS/DEPOSITSDescription
Amount$163,675,705Amount
FieldValueIRS element (for citing)
Total Of Amounts163675705TotalOfAmounts
Total Revenue8885482TotalRevenue
Total Expenses8534925TotalExpenses
Excess Or Deficit For Year350557ExcessOrDeficitForYear
Other$128OtherAmount
Total Adjustments128TotalAdjustments
Excess Or Deficit Per FS350685ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt8885482TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F9900RevenueNotRptdF990
Revenue Subtotal8885482RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form9908885482TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt8534925TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal8534925ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form9908534925TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
PART IV, LINE 2B:THE CREDIT UNION HOLDS AMOUNTS IN ESCROW FOR MEMBER LOANS.
PART X:THE CREDIT UNION HAS DETERMINED THAT THERE IS NO MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS FROM THE ADOPTION AND REQUIREMENTS OF FIN 48.DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
UNREALIZED HOLDING LOSSES ON INVESTMENTS CLASSIFIED AS AVAILABLE-FOR-SALE 128.PART XI, LINE 8 - OTHER ADJUSTMENTS:

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsXTravelForCompanions
Written Policy Re T And E Expenses1WrittenPolicyReTAndEExpenses
Substantiation Required1SubstantiationRequired
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)

Base Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
PAUL T REGIMBAL
13767100051535041612076110238429000
TERRY P WHEAT
1202640500065981019995073080214048000
TIMOTHY SPEER
005000193491023172073410224504000

Form990 Schedule J Part III Form990ScheduleJPartIII

FieldValueIRS element (for citing)
Return ReferencePART I, LINE 1AReturnReference
ExplanationTRAVEL FOR COMPANIONS: IN ACCORDANCE WITH DIRECTIONS ISSUED BY NCUA AND THE WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS, REIMBURSEMENT OF EXPENSES CONSISTENT WITH THE PURPOSE AND SCOPE OF THIS POLICY MAY BE PERMITTED FOR A BOARD OF DIRECTORS, COMMITTEE PERSONS, OR EMPLOYEE'S SPOUSE OR DOMESTIC PARTNER WHEN HE/SHE ACCOMPANIES ONE OF THE ABOVE ON TRAVEL RELATED TO THE CREDIT UNION'S BUSINESS. REIMBURSEMENT OF EXPENSES FOR IMMEDIATE FAMILY MEMBERS OTHER THAN A SPOUSE OR DOMESTIC PARTNER IS NOT PERMITTED.Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifierExplanationExplanationReturn ReferenceReturnReference
FORM 990, PART VI, SECTION A, LINE 6THE 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 7AMEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE.
FORM 990, PART VI, SECTION A, LINE 7BMEMBERS 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 11THE CHIEF FINANCIAL OFFICER REVIEWS THE FORM 990 MATCHING IT WITH INFORMATION/DATA FROM THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS. ANYTHING FOUND TO BE EITHER UNUSUAL OR UNKNOWN IS QUESTIONED. THESE QUESTIONS ARE REFERRED BACK TO THE SUPPORT STAFF OF THE ENTITY ASSISTING IN THE COMPLETION OF THIS DOCUMENT, AT THIS TIME THAT IS RSM MCGLADREY. A COPY OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS SUBSEQUENT TO FILING WITH THE IRS.
FIRST, ALL ACTIVITIY ON EMPLOYEE ACCOUNTS EITHER REQUIRES OVERRIDE AUTHORITY OR IS MONITORED BY THE INTERNAL AUDITOR. SECOND, THE POTENTIAL CONFLICT RELATING TO THE GOVERNING BOARD (BOARD/COMMITTEE MEMBERS) IS NOT PERTINENT AS WE DO NOT ALLOW THEM ANY SPECIAL RATES AND/OR TERMS. ANY FUNDS THEY MAY RECEIVE FROM MEMBERS WOULD BE IN THE NORMAL COURSE OF THEIR BUSINESSES.FORM 990, PART VI, SECTION B, LINE 12C
CATHOLIC CREDIT UNION USES THREE SURVEYS IN THE ESTABLISHMENT OF ITS EXECUTIVE COMPENSATION LEVELS. BOTH THE CUES AND CUNA SALARY SURVEYS ARE USED IN ADDITION TO AN INDEPENDENT SURVEY THAT FOCUSES ON MORE REGIONAL INFORMATION. THE CUES AND CUNA SURVEYS DO HAVE ADJUSTMENT FACTORS DEPENDING ON DIFFERENT GEOGRAPHICAL AREAS IN THE COUNTRY. THE INFORMATION IS OBTAINED AND CONSOLIDATED BY OUR HUMAN RESOURCES DEPARTMENT. THE PERSONNEL COMMITTEE REVIEWS THE INFORMATION AND PRESENTS THEIR RECOMMENDATIONS TO THE FULL BOARD FOR THEIR APPROVAL.FORM 990, PART VI, SECTION B, LINE 15
CATHOLIC CREDIT UNION (CCU) DOES NOT MAKE ITS' BY-LAWS AVAILABLE TO THE PUBLIC. CCU DOES HAVE A CODE OF ETHICS POLICY THAT INCLUDES A SECTION DEALING WITH CONFLICTS OF INTEREST. THE POLICY IS REVIEWED WITH THE STAFF AND BOARD ON AN ANNUAL BASIS AND EACH STAFF AND BOARD MEMBER HAS SIGNED AN ACKNOWLEDGEMENT OF RECEIPT AND COMPLIANCE OF THIS POLICY. WHILE THIS IS NOT A PUBLISHED PUBLIC POLICY, THE CREDIT UNION WOULD HAVE NO PROBLEM PROVIDING A COPY TO MEMBERS WHO MIGHT ASK. THE YEAR-END FINANCIAL STATEMENT IS INCLUDED AS PART OF THE ANNUAL REPORT OF THE CREDIT UNION AND IS MADE AVAILABLE TO CURRENT AND POTENTIAL MEMBERS AT THEIR REQUEST.FORM 990, PART VI, SECTION C, LINE 19
CHANGES IN NET ASSETS OR FUND BALANCES:UNREALIZED HOLDING LOSSES ON INVESTMENTS CLASSIFIED AS AVAILABLE-FOR-SALE 128. TOTAL TO FORM 990, PART XI, LINE 5: 128.FORM 990, PART XI, LINE 5:

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