2023-10-24T15:10:37-05:00 2022-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2022-01-01 930251640 ADVANTIS CREDIT UNION ADVA 5037852528 14405 MEYERS ROAD 300 OREGON CITY OR 97045 GREG SPEAR CFO 5037852528 2023-10-18 1 GREG SPEAR 999009999 0 WENDY CAMPOS P00448102 5032421447 2023-10-18 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GREG SPEAR 14405 MEYERS ROAD 300 OREGON CITY OR 97045 84129128 0 X WWW.ADVANTISCU.ORG X 1928 OR PROVIDING FINANCIAL SERVICES TO MEMBERS 9 9 351 15 984373 0 0 0 71292805 70565078 1038106 6124343 6622 1655 72337533 76691076 225883 51372 0 0 24195660 28333614 0 0 0 32714770 36657985 57136313 65042971 15201220 11648105 1980374380 1984758504 1777076760 1773405527 203297620 211352977 X TO IMPROVE THE FINANCIAL LIVES OF OUR MEMBERS 0 0 THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO 90,023 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 1 186 0 1 351 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 0 1 1 1 1 0 X GREG SPEAR 5037852528 14405 MEYERS ROAD 300 OREGON CITY OR 97045 AMANDA OWINGS CHAIR 2.00 X X 16618 0 0 JACOB JENSEN DIRECTOR 2.00 X 16038 0 0 BRYAN SIMS SECRETARY/TREASURER, RISK & FINANCE COMMITTEE CHAI 2.00 X X 14667 0 0 RENEE HALPERN DIRECTOR, NOMINATING COMMITTEE CHAIR 2.00 X 14648 0 0 TARUN GUDZ VICE CHAIR, GOVERNANCE COMMITTEE CHAIR 2.00 X X 14648 0 0 TAMMY TESKE DIRECTOR 2.00 X 13855 0 0 FREDERIC DUPEYROUX DIRECTOR 2.00 X 13833 0 0 BRANDON LEPLEY AUDIT COMMITTEE MEMBER 2.00 X 13665 0 0 KELLAN DAVIS AUDIT COMMITTEE CHAIR 2.00 X 13588 0 0 LIZ SPEER AUDIT COMMITTEE MEMBER 2.00 X 13000 0 0 ROSS WESCOTT AUDIT COMMITTEE MEMBER 2.00 X 13000 0 0 ANDRES DOLBERG DIRECTOR THRU 8/22 2.00 X 12583 0 0 TOM HOANG AUDIT COMMITTEE MEMBER THRU 6/22 2.00 X 9750 0 0 WILLIAM KNUTHS AUDIT COMMITTEE MEMBER 2.00 X 8292 0 0 NATHAN MORALES ASSOCIATE DIRECTOR 2.00 X 3303 0 0 TRACI ROSSI DIRECTOR 2.00 X 3303 0 0 PATRICK HAGER DIRECTOR 2.00 X 0 0 0 ROGER HEDIGER EMERITUS DIRECTOR 2.00 X 0 0 0 LAURIE WILSON SVP / CFO THRU 5/22 0.00 X 754137 0 19850 JASON WERTS PRESIDENT/CEO 40.00 X 632373 0 38912 KELI MYERS SVP / CHIEF OPERATING OFFICER 40.00 X 410954 0 37167 CHRISTOPHER GROSHKO SVP / CHIEF EXPERIENCE OFFICER 40.00 X 355739 0 29513 TIMOTHY CLOUSE SVP / CHIEF INNOVATION OFFICER 40.00 X 344060 0 36544 GREG SPEAR SVP / CHIEF FINANCIAL OFFICER 40.00 X 275296 0 23818 JOHN NICHOLS SVP OF MARKETING 40.00 X 261302 0 27605 JENNIFER MCMURRAY VP OF STRATEGY & ADVOCACY 40.00 X 156302 0 10381 MATTHEW RUSSELL LICENSED FINANCIAL ADVISOR THRU 9/22 0.00 X 305282 0 31886 TREVOR HUTCHENS VP OF LENDING 40.00 X 224497 0 32302 KELLY SONFLIETH VP OF PEOPLE & CULTURE 40.00 X 225161 0 25638 JERI MAHER MORTGAGE LOAN OFFICER - COMMISSIONED 40.00 X 221938 0 22443 MARY ELLEN LANZISERA DIRECTOR OF RISK MANAGEMENT 40.00 X 185293 0 19317 ROBERT CORWIN EXECUTIVE ADVISOR 16.00 X 960000 0 9185 5507125 0 364561 43 1 1 0 KIRBY NAGELHOUT CONSTRUCTION COMPANY 63049 LOWER MEADOW DR BEND OR 97701 CONSTRUCTION 27130599 ALKAMI TECHNOLOGY INC 5601 GRANITE PARKWAY STE 120 PLANO TX 75024 DIGITAL AND ONLINE BANKING 1608130 TVA ARCHITECTS INC 920 SW SIXTH AVE STE 1500 PORTLAND OR 97204 PROFESSIONAL ARCHITECT 801856 FTSI 406 EAST HUNTINGTON DR STE 100 MONROVIA CA 91016 TECHNOLOGY 774469 LOOMIS DEPT CH 10500 PALATINE IL 900550500 CASH TRANSPORT 654599 35 LOANS 522100 59760678 59760678 SERVICE CHARGES AND FE 522100 4551296 4520258 31038 OTHER NON INTEREST INC 522100 3008552 2055217 953335 INTERCHANGE INCOME 522100 2617428 2617428 NET LOSS ON SALE OF LO 522100 627124 627124 70565078 6110530 6110530 1655 0 1655 1655 1655 7451865 7438052 13813 13813 240029 -226216 76691076 69820734 984373 5885969 11000 40372 4577929 16172548 1488596 3980647 2113894 478366 187456 968950 2038111 2905037 5141441 3129954 75189 299144 8868576 3053321 219015 PROVISION FOR LOAN LOSS 4013469 LENDING EXPENSE 1649656 VISA/ATM EXPENSE 1528680 2101620 65042971 534479783 210461465 1332189244 1499409447 1904792 1824546 72975295 15818163 26201003 57157132 10581653 131890317 10560982 24854694 64456923 59160903 1980374380 1984758504 17448793 20580258 50000000 80000000 1709627967 1672825269 1777076760 1773405527 X 0 0 0 0 203297620 211352977 203297620 211352977 1980374380 1984758504 X 11648105 -3019684 -573064 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 AND THE NORTHWEST DEFENSE FUND. 4575539 4575539 45837749 1887124 43950625 6626506 5423181 1203325 15935501 8507858 7427643 57157132 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1672825269 1672825269 X 76118013 0 76118013 573063 573063 76691076 65042971 0 65042971 0 65042971 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, 2020. THE CREDIT UNION'S 2017 THROUGH 2019 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOOK/TAX DIFFERENCE 573,063. 0 WORLDWIDE FOUNDATION PO BOX 2982 MADISON WI 53701 396093210 501(C)(3) 10000 0 GENERAL DONATION AND UKRAINE CU DISPLACEMENT FUND 12 0 TUITION REIMBURSEMENT 12 40372 X X 1 1 X X 0 1 0 ROBERT CORWIN EXECUTIVE ADVISOR 60000 0 0 0 900000 0 9150 0 35 0 969185 0 0 0 LAURIE WILSON SVP / CFO THRU 5/22 98252 0 81190 0 574695 0 15630 0 4220 0 773987 0 0 0 JASON WERTS PRESIDENT/CEO 504116 0 119857 0 8400 0 21350 0 17562 0 671285 0 0 0 KELI MYERS SVP / CHIEF OPERATING OFFICER 313396 0 97410 0 148 0 20122 0 17045 0 448121 0 0 0 CHRISTOPHER GROSHKO SVP / CHIEF EXPERIENCE OFFICER 288923 0 66816 0 0 0 20225 0 9288 0 385252 0 0 0 TIMOTHY CLOUSE SVP / CHIEF INNOVATION OFFICER 261325 0 82257 0 478 0 18287 0 18257 0 380604 0 0 0 MATTHEW RUSSELL LICENSED FINANCIAL ADVISOR THRU 9/22 40486 0 0 0 264796 0 17929 0 13957 0 337168 0 0 0 GREG SPEAR SVP / CHIEF FINANCIAL OFFICER 275000 0 296 0 0 0 13125 0 10693 0 299114 0 0 0 JOHN NICHOLS SVP OF MARKETING 214500 0 46802 0 0 0 15015 0 12590 0 288907 0 0 0 TREVOR HUTCHENS VP OF LENDING 210573 0 13924 0 0 0 14740 0 17562 0 256799 0 0 0 KELLY SONFLIETH VP OF PEOPLE & CULTURE 209465 0 15696 0 0 0 13325 0 12313 0 250799 0 0 0 JERI MAHER MORTGAGE LOAN OFFICER - COMMISSIONED 50940 0 6096 0 164902 0 15109 0 7334 0 244381 0 0 0 MARY ELLEN LANZISERA DIRECTOR OF RISK MANAGEMENT 169138 0 16044 0 111 0 11840 0 7477 0 204610 0 0 0 JENNIFER MCMURRAY VP OF STRATEGY & ADVOCACY 143970 0 12332 0 0 0 10078 0 303 0 166683 0 0 0 PART I, LINE 1A OCCASIONAL AIRFARE FOR COMPANIONS ON CREDIT UNION OFFICIAL BUSINESS, AS COVERED IN THE OFFICIALS EXPENSE POLICY. 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. DISTRIBUTIONS OF $900,000 FROM THE PLAN WERE PAID TO ROBERT CORWIN AND $500,000 FROM THE PLAN WERE PAID TO LAURIE WILSON DURING 2022. CHRIS GROSHKO EXECUTIVE RETIREMENT BENEFIT X 2875000 2951813 0 0 1 KELI MYERS EXECUTIVE RETIREMENT BENEFIT X 3200000 3285796 0 0 1 JASON WERTS EXECUTIVE RETIREMENT BENEFIT X 12765869 12778133 0 0 1 19015742 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 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PASSTHROUGH BOOK/TAX DIFFERENCE -573,063. ROUNDING -1.