2011-11-10T14:08:06-06:00 2010-12-31 Moss Adams LLP 601 W Riverside Suite 1800 Spokane WA 992010629 990 2010-01-01 910567788 Horizon Credit Union HORI 5099286494 PO Box 15128 Spokane Valley WA 99216 Jeff Adams 5099286494 2011-11-07 1 Cheri R Burnham CPA 5097472600 2010 2016-03-07 17:11:31Z Jeff Adams PO Box 15128 Spokane Valley WA 99216 25062551 0 1269 X www.hzcu.org X 1947 WA Credit union operated without profit for mutual purposes. Provide financial services to approximately 38,500 members. These services include but are not limited to loans and savings programs. These services are provided by at least 12 volunteer non-paid workers and approximately 185 full time employees. 7 7 203 12 25649 -228611 0 0 23020875 23743962 1798822 1259325 382458 -460766 25202155 24542521 0 24669 0 0 7935939 8560390 0 0 0 16195415 14996661 24131354 23581720 1070801 960801 403122345 411069941 355857405 362844200 47264940 48225741 Credit union operated without profit for mutual purposes. 0 0 Provide financial services to approximately 38,500 members. These services include but are not limited to loans and savings programs. The services are provided by at least 12 volunteer non-paid workers and approximately 185 full-time employees. 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 6241 0 1 203 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 0 0 1 1 1 0 ID X Deborah Parelius 5099286494 13224 E Mansfield Ave Suite 300 Spokane Valley WA 99216 Mike Butler 1.00 X 0 0 0 Bernie Korth 1.00 X 0 0 0 Tom DiLuzio 1.00 X 0 0 0 Steve Sharon 1.00 X X 0 0 0 Nancy Ripley 1.00 X X 0 0 0 Lisa Urbat 1.00 X X 0 0 0 Pat Fitzgerald 1.00 X X 0 0 0 Jeff Adams 40.00 X 219383 0 326390 Deborah Parelius 32.00 X 90018 0 13978 Don Walker 40.00 X 0 146829 11882 Mark Neumann 40.00 X 135771 0 17286 Steve Wilder 40.00 X 101268 0 26959 Greg Robinson 40.00 X 112427 0 16124 Brian Grytdal 40.00 X 116627 0 29819 775494 146829 442438 5 0 1 0 Perdue Law Firm 1529 Kachina Ridge Drive Santa Fe NM 87507 Legal services 113422 1 Interest on Member Loa 522100 18809834 18809834 Fees paid by Members f 522100 4934128 4711179 222949 23743962 1301368 1301368 477987 520030 -42043 -42043 -42043 Income from CUSO 522100 -460766 -263466 -197300 -460766 24542521 23257547 25649 1259325 24669 916790 5665357 605354 908782 464107 124429 114847 143214 34647 1091137 1167141 734418 81269 1555 3592710 1137032 213976 Provision for Loan Loss 4060000 Loan Servicing/Program 1243551 Temp Corp CU Stabilizat 465131 NCUSIF Recapitalization 430535 Misc Comm Fees/Audit Ex 204732 156337 23581720 2937628 3253028 20477833 32667664 1276826 1245709 298228212 303140604 343884 566419 25418085 8577733 17186830 16840352 54240713 42951399 1769308 1308541 6661111 9096225 403122345 411069941 3829503 3770648 352027902 359073552 355857405 362844200 X 0 0 0 0 47264940 48225741 47264940 48225741 403122345 411069941 960801 0 X 0 0 0 3362299 3362299 13067340 1725712 11341628 960750 679503 281247 8027696 6172518 1855178 16840352 NCUA Share Insurance Capitalization Deposit 3466469 C Certificates of Deposit from Banks 38202860 C Certificates of Deposit from Corporates 250000 C FHLB Capital Stock 669200 C CMO Securities 362870 C 42951399 Member Deposits 359073552 359073552 1 X Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The organization keeps receipts or documentation for each sponsored event. The organization has a policy and set of by-laws for the Community Outreach Committee to follow when approving expenditures for events. The COC is assigned by Senior Management a budgeted expenditure amount for each year. X 1 1 X X X X X 0 1 0 Jeff Adams 203359 0 175 0 15849 0 306449 0 19941 0 545773 0 0 0 Don Walker 0 94629 0 52200 0 0 0 0 0 11882 0 158711 0 0 Mark Neumann 135476 0 175 0 120 0 10512 0 6774 0 153057 0 0 0 Supplemental Information Part III Part I, Line 1a: Volunteers are entitled to $1,000 for spouse business travel per year. Officers of the Corporation are entitled to $600 for spouse business travel per year. Part I, Line 4b: Jeff Adams, CEO participates in a supplemental nonqualified retirement plan. The amount earned in 2010 is $289,257. Form 990, Part VI, Section A, line 6 Entity has members. Form 990, Part VI, Section A, line 7a Entity has members who elect members of the board. Form 990, Part VI, Section A, line 7b Entity has members who have rights to ratify decisions of the governing body. Form 990, Part VI, Section B, line 11 990 was not approved by the board before submitting. More time is required to implement this policy. We will present the 990 as filed to the board at their next meeting. Form 990, Part VI, Section B, line 15 CEO salary ranges are prepared by human resources based on industry comparability data and reviewed by the compensation committee. Compensation committee is comprised of volunteer board members. CEO performance is assessed and salary trends are reviewed by compensation committee to determine appropriate salary. The salary recommendation is then presented to the full board of directors for final review and approval. Senior manager's salary ranges are prepared by human resources based on industry comparability data and reviewed by the CEO and the compensation committee. Performance is assessed and salary trends reviewed by CEO to determine relevant salaries. Every few years compensation data and process is reviewed by an outside consultant. Form 990, Part VI, Section C, line 18 Available upon request. Form 990, Part VI, Section C, line 19 We publish our monthly financials at each branch, and our quarterly financial statements are published on the NCUA website. Our annual report is on our website. Horizon Credit Union CUSO LLC 13224 E Mansfield Ave Suite 110 Spokane Valley WA 99216 912191441 Mortgage Broker WA -460766 1521884 Horizon Credit Union