2024-10-06T11:42:31-05:00 2023-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2023-01-01 930251640 ADVANTIS CREDIT UNION ADVA 5037852528 14405 MEYERS ROAD 300 OREGON CITY OR 97045 GREG SPEAR CFO 5037852528 2024-09-27 1 1 WENDY CAMPOS P00448102 5032421447 2024-09-27 2023 2024-10-15 13:58:12Z GREG SPEAR 14405 MEYERS ROAD 300 OREGON CITY OR 97045 151131814 0 X WWW.ADVANTISCU.ORG X 1928 OR PROVIDING FINANCIAL SERVICES TO MEMBERS 9 9 337 17 858344 113298 0 0 70565078 76968009 6124343 21712876 1655 0 76691076 98680885 51372 221721 0 0 28333614 33962933 0 0 0 36657985 60704018 65042971 94888672 11648105 3792213 1984758504 1954971748 1773405527 1737782312 211352977 217189436 X TO IMPROVE THE FINANCIAL LIVES OF OUR MEMBERS 0 0 THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO 88,620 MEMBERS. SERVICES INCLUDE SHARE DEPOSITS AND LOANS TO MEMBERS. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 187 0 1 337 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 X X GREG SPEAR 5037852528 14405 MEYERS ROAD 300 OREGON CITY OR 97045 TARUM GUDZ CHAIR 2.00 X X 18954 0 0 AMANDA OWINGS VICE CHAIR 2.00 X X 18537 0 0 BRYAN SIMS SECRETARY/TREASURER, RISK & FINANCE COMMITTEE CHAI 2.00 X X 17736 0 0 RENEE HALPERN DIRECTOR, NOMINATING COMMITTEE CHAIR 2.00 X 17417 0 0 TAMMY TESKE DIRECTOR, GOVERNANCE COMMITTEE CHAIR 2.00 X 15982 0 0 FREDERIC DUPEYROUX DIRECTOR 2.00 X 15417 0 0 JAKE JENSEN DIRECTOR 2.00 X 15417 0 0 KELLAN DAVIS AUDIT COMMITTEE MEMBER 2.00 X 15417 0 0 TRACI ROSSI DIRECTOR, DEI COMMITTEE CHAIR 2.00 X 15045 0 0 LIZ SPEER AUDIT COMMITTEE MEMBER 2.00 X 14255 0 0 BRANDON LEPLEY AUDIT COMMITTEE CHAIR 2.00 X 14215 0 0 WILLIAM KNUTHS AUDIT COMMITTEE MEMBER 2.00 X 13925 0 0 ROSS WESCOTT AUDIT COMMITTEE MEMBER 2.00 X 13417 0 0 NATHAN MORALES ASSOCIATE DIRECTOR 2.00 X 7708 0 0 MONIQUE CLAIBORNE ASSOCIATE DIRECTOR 2.00 X 3580 0 0 PATRICK HAGER DIRECTOR 2.00 X 0 0 0 JASON WERTS PRESIDENT/CEO 40.00 X 635812 0 40924 TIMOTHY CLOUSE SVP / CHIEF TECHNOLOGY OFFICER THRU 10/23 40.00 X 492461 0 33440 GREG SPEAR SVP / CHIEF FINANCIAL OFFICER 40.00 X 396024 0 34849 KELI MYERS SVP / CHIEF OPERATING OFFICER 40.00 X 383102 0 39932 CHRISTOPHER GROSHKO SVP / CHIEF EXPERIENCE OFFICER 40.00 X 364617 0 35376 JOHN NICHOLS SVP OF MARKETING 40.00 X 266574 0 25539 JENNIFER MCMURRAY VP OF STRATEGY & ADVOCACY 40.00 X 192514 0 13751 TREVOR HUTCHENS VP OF LENDING 40.00 X 243102 0 35152 KELLY SONFLIETH VP OF PEOPLE & CULTURE 40.00 X 245853 0 27998 MARY ELLEN LANZISERA DIRECTOR OF RISK MANAGEMENT 40.00 X 202179 0 21953 NICOLE WHITE VP OF DIGITAL BANKING AND REMOTE CHANNELS 40.00 X 200480 0 21825 CHRIS CHARLTON VP/CONTROLLER 40.00 X 189166 0 27499 4028906 0 358238 64 0 1 0 KIRBY NAGELHOUT CONSTRUCTION COMPANY 63049 LOWER MEADOW DR BEND OR 97701 CONSTRUCTION 2083658 HEALTHCARE MANAGEMENT ADMINISTRATORS INC 10700 NORTHUP WAY STE 100 BELLEVUE WA 98004 ADMINISTRATION 1665608 CU COOPERATIVE SYSTEMS INC 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 CREDIT CARD ADMIN 1483541 JOHNSON PROJECT SOLUTIONS INC 919 SW TAYLOR ST STE 800 PORTLAND OR 97205 CONSTRUCTION 1144619 ALKAMI TECHNOLOGY INC DEPT 2223 PO BOX 122223 DALLAS TX 753122223 ONLINE BANKING 1054938 33 LOANS 522100 66913146 66913146 INTERCHANGE INCOME 522100 4524596 4524596 SERVICE CHARGES AND FE 522100 4288155 4257297 30858 OTHER NON INTEREST INC 522100 1717373 889887 827486 NET LOSS ON SALE OF LO 522100 -475261 -475261 76968009 20768400 20768400 53395405 52450929 944476 944476 639816 304660 98680885 76749481 858344 21073060 192887 28834 3171940 21370703 1944000 5136434 2339856 450030 353104 3207481 1416913 4975441 1241109 37835 2569542 91462 148304 25755359 3754964 320268 PROVISION FOR LOAN LOSS 8084790 VISA/ATM EXPENSE 3264581 LENDING EXPENSE 1740214 3292621 94888672 210461465 331887812 1499409447 1335071818 1824546 1778944 69434094 15464738 57157132 53969356 131890317 141661120 24854694 24240563 59160903 66362135 1984758504 1954971748 20580258 20494017 80000000 15000000 1672825269 1702288295 1773405527 1737782312 X 0 0 0 0 211352977 217189436 211352977 217189436 1984758504 1954971748 X 3792213 2081879 -37633 X 0 1 X 1 0 20000 0 20000 20000 1 CREDIT UNION LEGISLATIVE ACTION FUND 8205 SW CREEKSIDE PLACE 220 BEAVERTON OR 97008 800043051 20000 PART I-A, LINE 1: THE CREDIT UNION'S ONLY POLITICAL ACTIVITY IS CONTRIBUTIONS TO THE CREDIT UNION LEGISLATIVE ACTION FUND. 4575539 4575539 46292965 3119815 43173150 6836531 4958721 1877810 11729059 7386202 4342857 53969356 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1702288295 1702288295 X 98807937 0 98807937 -127052 -127052 98680885 94888672 0 94888672 0 94888672 PART X, LINE 2: FIN 48 (ASC 740) UNCERTAIN TAX POSITIONS FOOTNOTE FROM FINANCIAL STATEMENTS - THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE THAT HAS RESULTED IN NO SIGNIFICANT INCOME TAXES PAID. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2023. THE CREDIT UNION'S 2020 THROUGH 2022 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOOK/TAX DIFFERENCE -127,052. 0 GOWEST FOUNDATION 13221 SW 68TH PWKY STE 400 TIGARD OR 97223 910460483 501(C)(6) 52850 0 GENERAL DONATION THE CONTINGENT 809 N RUSSELL ST 203 PORTLAND OR 97227 264224606 501(C)(3) 30000 0 GENERAL DONATION WORLDWIDE FOUNDATION PO BOX 2982 MADISION WI 53701 396093210 501(C)(3) 15000 0 GENERAL DONATION SUNSHINE DIVISION 687 N THOMPSON PORTLAND OR 97227 930429354 501(C)(3) 14745 0 GENERAL DONATION HOLLYWOOD SENIOR CENTER INC 1820 NE 40TH PORTLAND OR 97212 237291187 501(C)(3) 10000 0 GENERAL DONATION NORTHWEST ASSOCIATION FOR BLIND ATHLETES PO BOX 61489 VANCOUVER WA 98666 260244283 501(C)(3) 10000 0 GENERAL DONATION TRANSITION PROJECTS 662 NW HOYT ST PORTLAND OR 97209 930591582 501(C)(3) 10000 0 GENERAL DONATION PORTLAND RESCUE MISSION PO BOX 3713 PORTLAND OR 97208 930429004 501(C)(3) 9900 0 GENERAL DONATION CLACKAMAS COMMUNITY COLLEGE 19600 MOLALLA AVE OREGON CITY OR 97045 930579576 501(C)(3) 8500 0 GENERAL DONATION BIG BROTHERS BIG SISTERS 6443 SW BEAVERTON HILLSDALE HWY 20 PORTLAND OR 97221 931303640 501(C)(3) 7500 0 GENERAL DONATION OCCU FOUNDATION 2880 CHAD DR EUGENE OR 97408 830566255 501(C)(3) 7500 0 GENERAL DONATION 10 1 TUITION REIMBURSEMENT 11 28834 X X 1 1 X X 0 1 0 JASON WERTS PRESIDENT/CEO 551265 0 76147 0 8400 0 22798 0 18126 0 676736 0 0 0 TIMOTHY CLOUSE SVP / CHIEF TECHNOLOGY OFFICER THRU 235182 0 212770 0 44509 0 22456 0 10984 0 525901 0 0 0 GREG SPEAR SVP / CHIEF FINANCIAL OFFICER 347500 0 48524 0 0 0 21953 0 12896 0 430873 0 0 0 KELI MYERS SVP / CHIEF OPERATING OFFICER 338328 0 44659 0 115 0 22102 0 17830 0 423034 0 0 0 CHRISTOPHER GROSHKO SVP / CHIEF EXPERIENCE OFFICER 311907 0 41172 0 11538 0 22339 0 13037 0 399993 0 0 0 JOHN NICHOLS SVP OF MARKETING 227000 0 31266 0 8308 0 12502 0 13037 0 292113 0 0 0 TREVOR HUTCHENS VP OF LENDING 224624 0 18478 0 0 0 17017 0 18135 0 278254 0 0 0 KELLY SONFLIETH VP OF PEOPLE & CULTURE 226624 0 19229 0 0 0 15093 0 12905 0 273851 0 0 0 MARY ELLEN LANZISERA DIRECTOR OF RISK MANAGEMENT 182088 0 13095 0 6996 0 14153 0 7800 0 224132 0 0 0 NICOLE WHITE VP OF DIGITAL BANKING AND REMOTE CHA 178576 0 15114 0 6790 0 14034 0 7791 0 222305 0 0 0 CHRIS CHARLTON VP/CONTROLLER 167763 0 20696 0 707 0 13192 0 14307 0 216665 0 0 0 JENNIFER MCMURRAY VP OF STRATEGY & ADVOCACY 165338 0 21336 0 5840 0 13471 0 280 0 206265 0 0 0 PART I, LINE 1A OCCASIONAL AIRFARE FOR COMPANIONS ON CREDIT UNION OFFICIAL BUSINESS. THIS IS TREATED AS A TAXABLE BENEFIT AND APPLIES ONLY TO THE BOARD OF DIRECTORS. PART I, LINE 3 APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY. PART I, LINE 4B THE FORMER PRESIDENT/CEO AND THE FORMER SVP/CHIEF FINANCIAL OFFICER PARTICIPATED IN A 457(F) RETIREMENT PLAN. TOTAL DISTRIBUTIONS OF $147,781 FROM THE PLAN WERE PAID DURING 2023. CHRIS GROSHKO EXECUTIVE RETIREMENT BENEFIT X 2875000 3007602 0 0 1 KELI MYERS EXECUTIVE RETIREMENT BENEFIT X 3200000 3347592 0 0 1 JASON WERTS EXECUTIVE RETIREMENT BENEFIT X 12765869 12837127 0 1 1 JENNIFER MCMURRAY EXECUTIVE RETIREMENT BENEFIT X 1556833 1556833 0 0 1 JOHN NICHOLS EXECUTIVE RETIREMENT BENEFIT X 1788295 1788295 0 0 1 22537449 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS ONE VOTE IN ANNUAL ELECTIONS OF MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12 INTERNAL AUDIT CONDUCTS PERIODIC REVIEWS OF EMPLOYEE AND BOARD ACCOUNTS, REVIEWS TO ENSURE CONTROL RESTRICTIONS ARE IN PLACE IN XP, AND THEY REVIEW FEE WAIVER AND EXPENSE REPORTS. ADDITIONALLY, THE CU ENCOURAGES EMPLOYEES TO REPORT MISCONDUCT AND PROVIDES A MEANS TO DO SO ANONYMOUSLY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR CEO: THE BOARD OF DIRECTORS REVIEWS AN ANNUAL THIRD PARTY SALARY SURVEY FOR THE CEO POSITION AND SETS AN UPDATED SALARY RANGE. COMPENSATION PROCESS FOR OFFICERS AND KEY EMPLOYEES: THIRD PARTY SURVEYS ARE OBTAINED FOR ALL STAFF ON AN ANNUAL BASIS. SALARY RANGES FOR THESE POSITIONS ARE PREPARED BY THE VP OF PEOPLE AND CULTURE AND APPROVED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 18 GUIDESTAR FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ADJUSTMENT FOR PRIOR YEAR PASSTHROUGH INCOME 127,052. RECLASSIFICATION ADJUSTMENT FOR REALIZED GAIN -164,685.