TY 2015 Form 990

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) DOUGLAS BEAR......................................................................
DIRECTOR

1.00
.................

(2) KIRSTEN NIEMANN......................................................................
DIRECTOR

1.00
.................

(3) JAMES DURHAM......................................................................
DIRECTOR

1.00
.................

(4) MICHAEL ESLAVA......................................................................
DIRECTOR

1.00
.................

(5) RICHARD HAYES......................................................................
DIRECTOR

1.00
.................

(6) ALLISON SATTER......................................................................
DIRECTOR

1.00
.................

(7) JIM ROGERS......................................................................
DIRECTOR

1.00
.................

(8) SCOTT PRIOR......................................................................
PRESIDENT & CEO

40.00
.................

92,567

7,197

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ...	2d


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1..................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................	2e
3	Subtract line 2e from line 1...................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization

CREDIT UNIONS IN THE STATE OF
WASHINGTON

Employer identification number

91-0722603

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 6	THE CREDIT UNION IS ORGANIZED AS A COOPERATIVE. THE INDIVIDUALS WHO QUALIFY FOR OUR FIELD OF MEMBERSHIP OR MEMBERS IN TURN ELECT BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7A	THE CREDIT UNION IS ORGANIZED AS A COOPERATIVE. THE INDIVIDUALS WHO QUALIFY FOR OUR FIELD OF MEMBERSHIP OR MEMBERS IN TURN ELECT A VOLUNTEER BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7B	AT THE CREDIT UNION'S ANNUAL MEETING THE CREDIT UNION MEMBERS VOTE FOR MEMBERS OF THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE. MEMBERS OF THE CREDIT UNION'S BOARD OF DIRECTORS AND/OR MEMBERS OF THE SUPERVISORY COMMITTEE MAY BE REMOVED FROM THEIR POSITION BY THE MEMBERS OF THE CREDIT UNION AT A SPECIAL MEMBERSHIP MEETING CALLED FOR THAT PURPOSE. A SPECIAL MEMBERSHIP MEETING MAY BE CALLED BY THE MAJORITY OF THE CREDIT UNION'S BOARD OF DIRECTORS, A MAJORITY VOTE OF THE CREDIT UNION'S SUPERVISORY COMMITTEE OR UPON WRITTEN APPLICAITON OF THE LESSOR OF TEN PERCENT OR TWO THOUSAND VOTING CREDIT UNION MEMBERS. EACH CREDIT UNION MEMBER WILL HAVE ONE VOTE REGARDLESS OF SHARES HELD IN THE CREDIT UNION. IN ORDER TO BE ELIGIBLE TO VOTE AT A MEMBERSHIP MEETING, THE MEMBER MUST HAVE REACHED EIGHTEEN YEARS OF AGE. NO VOTES MAY BE CAST BY PROXY. MEMBERSHIP HELD BY ENTITIES OTHER THAN NATURAL PERSONS WILL HAVE ONE VOTE WHICH WILL BE CAST THROUGH AN AGENT DESIGNATED IN WRITING BY THE ENTITY.
FORM 990, PART VI, SECTION B, LINE 11	THE 990 IS REVIEWED BY THE CEO AND VICE PRESIDENT AS THE VP COMPLETES THE 5300 REPORT.
FORM 990, PART VI, SECTION B, LINE 12C	EACH VOLUNTEER IS REQUIRED ANNUALLY TO SIGN AND/OR ACKNOWLEDGE COMPLIANCE WITH THE CREDIT UNION'S CODE OF CONDUCT POLICY.
FORM 990, PART VI, SECTION B, LINE 15	THE BOARD WILL REVIEW PERFORMANCE DURING THE PREVIOUS YEAR AND ALSO CONSIDER INDUSTRY INFORMATION FROM THE ANNUAL SALARY SURVEY COMPLETED BY CUNA. FOR ALL EMPLOYEES, THE PROCESS IS THAT THE CEO WILL PUT TOGTHER A BUDGET AND SPREADSHEET NOTING THE RECOMMENDATIONS AND FINANCIAL IMPACT AND REASONS AND THEN HAVE A DISCUSSION WITH THE EXEC COMMITTEE (BOARD CHAIR, SECRETARY AND VICE CHAIR). RECOMMENDATIONS ARE APPROVED AND DENIED BASED ON EXEC COMMITTEE RECOMMENDATIONS.
FORM 990, PART VI, SECTION C, LINE 19	DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST IN ACCORDANCE WITH APPLICABLE STATE AND FEDERAL REGULATIONS.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2015

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: BUILDING FINANCIAL FUTURES ONE RELATIONSHIP AT A TIME.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	7
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	7
5	Total number of individuals employed in calendar year 2015 (Part V, line 2a) ......	5	21
6	Total number of volunteers (estimate if necessary) .............	6	11
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	3,941
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	-5,706

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	1,309,855	1,965,796
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	79,045	24,464
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	153,991	5,994
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	1,542,891	1,996,254
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	622,824	739,630
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	833,178	1,245,825
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	1,456,002	1,985,455
19	Revenue less expenses. Subtract line 18 from line 12.......	86,889	10,799
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	26,629,122	28,210,313
21	Total liabilities (Part X, line 26).............	22,862,293	24,432,685
22	Net assets or fund balances. Subtract line 21 from line 20.....	3,766,829	3,777,628

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	PROVIDED FINANCIAL SERVICES CONSISTING OF 2,379 LOANS AND 6,184 DEPOSIT ACCOUNTS TO THE ORGANIZATIONS'S 3,792 MEMBERS. GRANTED 790 NEW LOANS TO MEMBERS DURING THE COURSE OF THE YEAR.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	92,567	0	7,197

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..	1a
b	Membership dues..	1b
c	Fundraising events..	1c
d	Related organizations	1d
e	Government grants (contributions)	1e

f	All other contributions, gifts, grants, and similar amounts not included above	1f

g	Noncash contributions included in lines 1a-1f:$
h Total.Add lines 1a-1f.......

			Business Code
2a	INTEREST ON MEMBER LOA	522291	1,677,079	1,677,079
b	INTERCHANGE INCOME	522100	154,294	154,294
c	FEES PAID BY MEMBERS	522100	130,482	130,482
d	NON MEMBER ATM	525990	3,941		3,941
e
f	All other program service revenue.
g Total.Add lines 2a–2f.....			1,965,796

3 Investment income (including dividends, interest, and othersimilar amounts) ..........			24,464			24,464
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss)......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory
b	Less: cost or other basis and sales expenses
c	Gain or (loss)
d	Net gain or (loss).....
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	OTHER OPERATING INCOME		900099	5,994	5,994
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			5,994
12	Total revenue. See Instructions......			1,996,254	1,967,849	3,941	24,464

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21
2	Grants and other assistance to individuals in the United States. See Part IV, line 22
3	Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16
4	Benefits paid to or for members
5	Compensation of current officers, directors, trustees, and key employees ....	92,567
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....
7	Other salaries and wages	480,904
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	33,950
9	Other employee benefits .......	82,959
10	Payroll taxes ...........	49,250
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........	41,069
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......	2,277
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	61,148
12	Advertising and promotion ....	15,878
13	Office expenses .......	91,130
14	Information technology ......	115,477
15	Royalties ..
16	Occupancy ...........	40,792
17	Travel ............	5,120
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	36,569
20	Interest ...........	21
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	61,279
23	Insurance ...	15,291
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	PROVISION FOR LOAN LOSS	460,567
b	LOAN SERVICE & COLLECTI	223,725
c	BANK SERVICING CHARGES	19,730
d	DIVIDENDS PAID TO MEMBE	18,841
e	All other expenses	36,911
25	Total functional expenses. Add lines 1 through 24e	1,985,455
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			398,701	1	335,234
2	Savings and temporary cash investments .........			928,618	2	3,203,618
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............				4
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
					6
7	Notes and loans receivable, net ....			20,285,391	7	21,207,435
8	Inventories for sale or use ........				8
9	Prepaid expenses and deferred charges ......			179,148	9	158,931
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	1,868,768
b	Less: accumulated depreciation	10b	739,179	1,180,149	10c	1,129,589
11	Investments—publicly traded securities .			500,000	11	250,000
12	Investments—other securities. See Part IV, line 11 .....			2,415,015	12	1,095,005
13	Investments—program-related. See Part IV, line 11 ..			200,000	13	200,000
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			542,100	15	630,501
16	Total assets. Add lines 1 through 15 (must equal line 34)...			26,629,122	16	28,210,313

17	Accounts payable and accrued expenses .....	293,573	17	219,047
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..		22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D	22,568,720	25	24,213,638
26	Total liabilities. Add lines 17 through 25..	22,862,293	26	24,432,685

	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets		27
28	Temporarily restricted net assets ...........		28
29	Permanently restricted net assets		29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....	0	30	0
31	Paid-in or capital surplus, or land, building or equipment fund ...	0	31	0
32	Retained earnings, endowment, accumulated income, or other funds	3,766,829	32	3,777,628
33	Total net assets or fund balances ...........	3,766,829	33	3,777,628
34	Total liabilities and net assets/fund balances ........	26,629,122	34	28,210,313

1	Total number at end of year ....
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ....

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

1a	Land ...	268,600		268,600
b	Buildings	1,177,807	362,872	814,935
c	Leasehold improvements	33,829	33,829	0
d	Equipment ...	388,532	342,478	46,054
e	Other ...
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				1,129,589

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

(a) Description of security or category (including name of security)	(b)Book value	(c)Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
MEMBER DEPOSITS	24,213,638
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	24,213,638
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII