2011-05-10T12:25:54-07:00 2010-12-31 990 2010-01-01 910564946 CREDIT UNIONS IN THE STATE OF WASHINGTON CRED 5098386157 PO BOX 48275 Spokane WA 992281275 Renee Robertson 5092328912 2011-04-29 2010 2016-02-24 21:20:13Z Margaret Burkholz 9707 N Nevada Spokane WA 99218 2649582 0 1269 X primesourcecu.org X 1935 WA Credit Union Operated without profit for mutual purposes 7 7 19 10 0 0 0 0 2505494 2360922 293372 257604 23616 31056 2822482 2649582 0 0 705232 442614 758396 835345 0 0 0 1520002 990831 2983630 2268790 -161148 380792 46176529 46243453 2001521 757504 44175008 45485949 Credit Union Operated without profit for mutual purposes 0 0 0 0 2649582 Credit Union Programs: Providing financial services to 5344 members. These services include, but are not limiteed to, loans and savings programs. The services are provided by 19 employees and 10 non-paid volunteers (5344 members) 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 X 0 0 0 Mark Henry 1 X 0 0 0 Clint Price 1 X 0 0 0 Shelly Schornick 1 X 0 0 0 Leonard Selvaggio 1.00 X 0 0 0 Homer Todd 1.00 X 0 0 0 Kim Crompton 1.00 X 0 0 0 Jean Moffatt 1.00 X 0 0 0 Margaret Burkholz 40 X X X 104540 0 5192 Renee Robertson 40 X X 47477 0 0 Annettee Saens 40 X X 35150 0 0 Kevin Spoerl 40 X X 45762 0 0 232929 0 5192 1 0 0 0 0 0 Interest on Loans to Members 522130 2157734 0 0 2157734 Service fees 522130 203188 0 0 203188 0 0 0 0 2360922 257604 0 0 257604 0 0 0 0 0 0 0 0 0 0 0 0 Other operating income 522130 31056 0 0 31056 0 0 0 0 31056 2649582 0 0 2649582 442614 192736 446792 66766 61331 67720 1080 12817 30716 31590 98740 158497 103670 22080 985 58904 29079 Loan Serviceing Costs 99444 Provision for Loan and Courtesy Pay Loss 202500 Member Service Costa 52886 Goodwill, Misellaneous Expense, and Over & Short 6115 NCUA, NCUSIF, and CCUSF Funding 81728 2268790 0 0 0 2443879 4029203 7128762 6845921 366 167 34076471 32921050 116448 117822 3087696 929436 2217165 2158260 54656 56112 138782 114918 46176529 46243453 394930 366060 1309014 297577 391444 2001521 757504 X 38061599 39028172 0 0 6113409 6457777 44175008 45485949 46176529 46243453 X 380792 930149 X 0 1 1 X 0 0 598751 598751 0 1726449 351415 1375034 0 0 0 0 0 762496 578021 184475 0 0 0 0 2158260 Adjustments, Clearing Accounts, Payments in Process, Suspense Accounts 391444 391444 2649582 2268790 380792 0 0 0 0 0 0 380792 2649582 0 0 0 0 0 2649582 0 0 0 2649582 2268790 0 0 0 0 0 2268790 0 0 0 2268790 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 5344 members who hold Savings accounts or Loan accounts. It is goverened 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 5344 members who hold Savings accounts or Loan Accounts. It is goverened 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 of election of officers to the Board of Directors and Supervisory Committee. F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a 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 various third party independent salary surveys, and economic and financial conditions. This process is completed during 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 condtitions. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 PrimeSource Credit Union publishes its financial statements each year during the annual meeting of members. Copies of these statements are also available upon request from individuals at our offices. Additionally, we provide our 990 for reivew 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