PUGET SOUND CREDIT UNION

Address
2815 Second Ave Suite 100
Seattle, WA 98121
Contact
Website: http://www.pugetsoundcu.net
Phone: +1 (206) 623-5023
Nonprofit
NTEE: W61 - Credit Unions
EIN: 91-0686393

Mission

Providing borrowing and saving services to members
 2010
Basic features of the organization
Year of formation1957
Subsection501(c)
Organization typeCorporation
Metropolitan statistical area7602
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$77,276.00
Sum of reportable (W2/1099) compensation$77,276.00
Number of employees22
Number of people compensated >$100k0
Number of volunteers8
Personnel
Dean, Carla
TitleDirector
Name of key/compensated personCarla Dean
Average hours per week working for org2
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
PositionIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Heath, Kathy
TitleDirector
Name of key/compensated personKathy Heath
Average hours per week working for org2
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
PositionIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Larson, Wendy
TitleFormer President
Name of key/compensated personWendy Larson
Average hours per week working for org40
Reportable compensation from org$51,276.00
Other comp, non-reportable, from org and related orgs$0.00
PositionOfficer, Highly compensated employee
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Mattingly, Sandra
TitleDirector
Name of key/compensated personSandra Mattingly
Average hours per week working for org2
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
PositionIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Rasmussen, Evie
TitleCEO
Name of key/compensated personEvie Rasmussen
Average hours per week working for org40
Reportable compensation from org$26,000.00
Other comp, non-reportable, from org and related orgs$0.00
PositionOfficer, Key employee
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Robert A LeCoque
TitleBoard Chair
Name of key/compensated personRobert A LeCoque
Average hours per week working for org2
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
PositionIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Robert E LeCoque
TitleDirector
Name of key/compensated personRobert E LeCoque
Average hours per week working for org2
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
PositionIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Purpose: mission, activities & accomplishments
Mission or significant activitiesProvides borrowing and saving services to members
Program expenses (total)$1,812,636.00
Programs, including revenue & expenses
Organization provedes borrowing services to members. Organization provides deposit services to member. Credit Union is under the direction of non-paid volunteers. Credit Union services approximately 8000 members.
Program expenses$1,812,636.00
Grants and allocations made$0.00
Program revenue$1,240,450.00
Program descriptionOrganization provedes borrowing services to members. Organization provides deposit services to member. Credit Union is under the direction of non-paid volunteers. Credit Union services approximately 8000 members.
Financial data
Expense categories (totals)
Sum (total functional expenses)$1,812,636.00
Program services (total functional expenses)$1,812,636.00
Management & general (total functional expenses)$0.00
Fundraising (total functional expenses)$0.00
Revenue
Total revenue$1,240,450.00
Program service revenue (total)$1,362,564.00
Revenue from contributions (total)$0.00
Investment income-$122,114.00
Total unrelated business revenue$0.00
Other revenue, current yr$0.00
Net unrelated business taxable revenue$0.00
Total revenue from grants, etc., current yr$0.00
Gross receipts$1,445,346.00
Other types of revenue
Royalties (total)$0.00
Miscellaneous revenue (total)$0.00
Income from dividends, interest, and similar investments$82,782.00
Net rental income$0.00
Fees for services
Lobbying fees (total)$0.00
Legal fees (total)$10,343.00
Fundraising service fees (total)$0.00
General management fees (total)$276,819.00
Investment management fees (total)$1,128.00
Accounting service fees (total)$13,803.00
Assets and liabilities
Total assets$26,417,395.00
Total assets, beginning of year$29,968,956.00
Total liabilities$24,748,195.00
Total liabilities, beginning of year$27,727,570.00
Pledges & accounts receivable, net$0.00
Loans & receivables from key persons$0.00
Net assets$1,669,200.00
Net assets, beginning of year$2,241,386.00
Other liabilities$24,682,919.00
Bond liabilities$0.00
Intangible assets$0.00
Other assets$372,321.00
Investments: other securities$0.00
Investments: publicly traded securities$0.00
Cash: non-interest bearing$70,947.00
Cash: non-interest bearing, beginning of year$388,474.00
Investments: program-related$0.00
Escrow or custodial account liability$0.00
Loans and other payables to key persons$0.00
Grants payable$0.00
Inventories for sale or use$0.00
Other financial variables
Revenue less expenses-$572,186.00
Advertising (total)$25,482.00
Savings & temp cash investment$9,174,563.00
Accounts receivable, net$0.00
Prepaid expenses & deferred charges$135,043.00
Accounts payable & accrued expenses$65,276.00
Deferred revenue$0.00
Unsecured notes & loans to unrelated parties$0.00
Secured mortgages and notes payable$0.00
Total net assets or fund balances$1,669,200.00
Depreciation, depletion, amortization$83,401.00
Payment to affiliates$0.00
Governance and accountability
Number of voting members5
Number of independent voting members5
Relationships among key personnelTrue
Tax year start date2010-01-01
Tax year end date2010-12-31
Accounting methodAccrual
Metadata about the filing
E-return type990
Reason for form submission
Address changeTrue
Date e-filing submitted2011-09-06
IRS schema version2010v3.4
Filing identifier201142259349300004
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