2011-08-01T09:48:13-07:00 2010-12-31 990 2010-01-01 910565128 Spokane Teachers Credit Union SPOK 5093261954 1620 North Signal Drive Liberty Lake WA 99019 Marlis Petersen Spawn 2011-08-01 2010 2016-02-24 21:20:13Z 144092184 false false 1269 X www.stcu.org X 1934 WA 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 93,347 members as of 12/31/10. 13 13 479 22 98590 -15847 92106 93958 85134914 86677264 -917590 4552149 5737231 233547 90046661 91556918 0 21647543 16153727 23038606 25457196 0 0 37190638 34218621 81876787 75829544 8169874 15727374 1355412545 1459830087 1227278737 1315433357 128133808 144396730 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 93,347 members as of 12/31/10. false false STCU had outstanding loans of $1,236,794,337 at December 31, 2010, representing 58,926 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. STCU provides share and deposit products, including checking, savings, money market, certificates, and IRA/Keogh accounts. At December 31, 2010, STCU had total share and deposit balances of $1,197,232,819 representing 172,632 individual accounts. STCU paid members dividends on their share and deposit accounts $16,153,727 in 2010. STCU earns various fees on transactions, balances or other financial products as outlined in the membership agreement or published fee schedules. false false true false false false false false true false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false true 42298 0 true 479 true true true false false false false false false false false false false false false false X 13 13 false false false false true true false true true false false false true true true true true true true true false false X Spokane Teachers Credit Union 5093261954 1620 N Signal Drive Liberty Lake WA 99019 William Before 40.00 X 178732 0 176583 Wayne Leonard 2.00 X 0 0 0 Wally Stanley 2.00 X 1471 0 0 Thomas Johnson 40.00 X 198120 0 38571 Terri Wilson 40.00 X 186396 0 263559 Tamara Fleiger 40.00 X 103017 0 20399 Steve Dahlstrom 40.00 X 3005476 0 105696 Scott Adkins 40.00 X 152406 0 34720 Robert Richards 2.00 X 38 0 0 Robert Loomis 2.00 X 0 0 0 Robert Jayne 2.00 X 667 0 0 Patricia Gayda 40.00 X 112955 0 19878 Mike Fink 2.00 X 0 0 0 Margaret Patterson 2.00 X 0 0 0 Judy Morris 2.00 X 566 0 0 John Young 2.00 X 631 0 0 Jay Walter 2.00 X 714 0 0 Ivonne Fiedler 2.00 X 435 0 0 Georgia Miller 3.00 X 1449 0 0 Evelyn Hopkins 40.00 X 109001 0 25699 Ellen Dolan 2.00 X 0 0 0 Edgell Kathy 2.00 X 0 0 0 Donald Trail 2.00 X 435 0 0 Donald Frigaard 0.00 X 115244 0 18489 Dolores Humiston 2.00 X 569 0 0 Dave Monk 2.00 X 0 0 0 Brad Hunter 40.00 X 136815 0 24015 Belinda Caillouet 40.00 X 129596 0 28018 4434733 755627 11 true true false Phillabaum Ledlin 421 W Riverside 900 Spokane WA 99201 Legal 140289 Mike Pursel Advertising 8601 N Division St STE C Spokane WA 99208 Advertising 224019 American Reporting Co LLC 1909 214th ST SE 102 Bothell WA 98021 Real Est Appraisals 129359 3 93958 93958 Loan Svc and Origination 522100 1940048 1940048 Loan Interest Income 522100 70567731 70567731 Fees and Service Charges 522100 14169485 14070895 98590 86677264 3399641 3399641 0 0 422656 189109 233547 233547 233547 15937873 37560792 15485477 36860680 452396 700112 1152508 1152508 0 0 0 0 91556918 86578674 98590 4785696 0 0 0 16153727 2567927 0 17601681 1379238 2175318 1733032 0 74493 60490 0 0 0 880809 2008013 1057180 1382666 0 1817797 0 0 543772 3209201 0 2435910 0 Provision for Loan Loss 11334593 Processing Expense 4896929 Postage and Shipping 648334 NCUSIF Premium 2926250 Loan Servicing Expense 907913 34271 75829544 0 0 0 10323105 12938232 56135424 38611384 0 0 0 0 1140781201 1223916178 0 1058653 838067 53910523 23684478 29543760 30226045 70917239 114702490 24324800 5366500 0 0 22328363 33231191 1355412545 1459830087 13627517 10937568 2190428 2491850 79793029 104771120 1131667763 1197232819 1227278737 1315433357 X 128133808 144396730 128133808 144396730 1355412545 1459830087 X 15727374 535548 X false true true X false false 16452 16452 16452 true Credit Union Legislative Action Fun 33301 9th Ave SE STE 200 Federal Way WA 98003 800043051 12702 Citizens for Michael Baumgartner PO Box 48237 Spokane WA 99228 271747900 800 Bob Morton 3278 Pierre Lake Road Kettle Falls WA 99141 911549978 800 People for Timm Ormsby PO Box 2177 Spokane WA 99210 150876251 800 Matt Shea Committee to Elect PO Box 142180 Spokane Valley WA 99214 320243896 400 Chris Marr for State Senate PO Box 2025 Spokane WA 99210 204064476 950 false true 192418 6628313 6820731 95612 25481972 7860860 17716724 841545 631518 210027 20670663 15192100 5478563 30226045 Deposit Accounts - Share Certificates 361810583 Deposit Accounts - Savings 80654528 Deposit Accounts - Money Market Accounts 487891273 Deposit Accounts - IRA Shares 90200066 Deposit Accounts - IRA Certificates 25296109 Deposit Accounts - Checking 151380260 1197232819 91556918 75829544 15727374 490579 490579 16217953 92143673 490579 -5733 484846 91658827 -101909 -101909 91556918 75925720 -5733 -5733 75931453 -101909 -101909 75829544 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 2009 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, 2010.The Credit Union's 2006 through 2010 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. X true true X X X X true true false William Before 166945 7081 4706 162728 13855 355315 4249 Thomas Johnson 185876 6841 5403 28217 10354 236691 4038 Terri Wilson 173887 7081 5428 256646 6913 449955 4249 Steve Dahlstrom 355958 17302 2632216 92863 12833 3111172 2593885 Scott Adkins 140820 6032 5554 20865 13855 187126 3646 Donald Frigaard 85498 3332 26414 11975 6514 133733 2008 Brad Hunter 127126 5170 4519 17842 6173 160830 3106 Belinda Caillouet 120680 5075 3841 17585 10433 157614 3079 Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. 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. 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, in consultation with an external CPA firm. 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.