2023-12-14T10:56:11-06:00 2021-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2021-01-01 880063808 GREATER NEVADA CREDIT UNION GREA 7758822060 PO BOX 2128 CARSON CITY NV 89702 RICK HASSMAN CFO 7758861329 2023-12-08 1 RICK HASSMAN 999009999 WENDY CAMPOS P00448102 5032421447 2023-12-08 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X DANIEL DELAROSA PO BOX 2128 CARSON CITY NV 89702 120719627 0 X WWW.GNCU.ORG X 1949 NV TO PROVIDE QUALITY FINANCIAL SERVICES TO MEMBERS. 7 7 444 16 595878 0 0 0 89948384 92874818 2853721 3008174 620566 797290 93422671 96680282 192147 643064 0 0 31977574 30536280 0 0 0 47289403 46900844 79459124 78080188 13963547 18600094 1354807772 1614964186 1229313117 1473633863 125494655 141330323 TO PROVIDE QUALITY FINANCIAL SERVICES TO MEMBERS 0 0 FINANCIAL SERVICES - BANKING ACTIVITIES, INCLUDING LOANS AND DEPOSITS. TOTAL MEMBERSHIP TO THE CREDIT UNION GREW TO 81,283 IN 2021, AN INCREASE OF 2,943 FOR THE YEAR. DURING 2021, THE CREDIT UNION AND ITS AFFILIATES FUNDED $192 MILLION IN CONSUMER LOANS. MORTGAGE SERVICES - ORIGINATING, SELLING, AND SERVICING OF REAL ESTATE MORTGAGES. DURING 2021, THE CREDIT UNION FUNDED $349 MILLION IN MORTGAGE LOANS. COMMERCIAL LENDING - ORIGINATING, SELLING, AND SERVICING OF COMMERCIAL LOANS. DURING 2021, THE CREDIT UNION FUNDED $353 MILLION IN COMMERCIAL LOANS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 1 0 0 0 0 1 1 1 0 0 1 23458 0 1 444 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 0 1 1 0 1 1 1 0 0 X RICK HASSMAN 7758861329 451 EAGLE STATION LANE CARSON CITY NV 89701 JOYCE WHITNEY-SILVA EVP/CFO 40.00 X 954462 0 34421 JAMES ANDERSON EVP/MORTGAGE LENDING 40.00 X 679272 0 32526 WALLACE MURRAY PRESIDENT/CEO 40.00 X 624273 0 36870 JEREMY GILPIN EVP/COMMERCIAL LENDING 40.00 X 598187 0 32526 SHER DEHORNEY VP OF MORTGAGE OPERATIONS 40.00 X 446776 0 23874 NICK SERRANO VP/MORTGAGE LENDING 40.00 X 394743 0 19542 NATALIE DUFTY MORTGAGE CONSULTANT 40.00 X 321014 0 25411 BEATRIZ PICO MORTGAGE CONSULTANT 40.00 X 331814 0 9311 MICHAEL RANDALL SALES MANAGER 40.00 X 283371 0 18668 ROB JOINER CHAIR 8.00 X X 0 0 0 WILLIAM ARENSDORF VICE CHAIR 6.00 X X 0 0 0 JON STEELE SECRETARY 4.00 X X 0 0 0 TRAVIS LEE TREASURER 4.00 X X 0 0 0 BARBARA BYINGTON DIRECTOR 4.00 X 0 0 0 PAUL RICHEY DIRECTOR 4.00 X 0 0 0 ALEX TALMANT DIRECTOR 4.00 X 0 0 0 4633912 0 233149 51 0 1 0 GUARANTEED REVIEWS 2121 N MAPLE ST CANBY OR 37013 LOAN PLACEMENT REVIEWS 9186666 FISERV PO BOX 80123 CITY OF INDUSTRY CA 91716 CORE PROCESSOR SERVICES 3467140 THOMAS FINANCIAL 3060 PEACHTREE RD NW SUITE 1855 ATLANTA GA 30305 LOAN PLACEMENT 1894665 ELEMENT GROUP 155 BREWWERY LANE SUITE 1 PORTSMOUTH NH 03801 DESIGN BUILD SERVICES 833020 COOK SOLUTIONS 9225 NE CASCADES PKWY PORTLAND OR 97220 EQUIPMENT MAINTENANCE 729425 41 INTEREST - MEMBER LOAN 522100 38083205 38083205 FEES & SERVICE CHARGES 522100 14138822 14138822 GAIN ON SALE OF LOANS 522100 12750783 12750783 SBA LOAN FEE INCOME 522100 8547517 8547517 INTERCHANGE INCOME 522100 8536499 8536499 10817992 10222114 595878 92874818 2549394 2549394 603541 319754 283787 283787 283787 21678000 2500371 21447912 2271679 230088 228692 458780 458780 LIFE INSURANCE VALUE 900099 513503 513503 513503 96680282 92278940 595878 3805464 642510 554 2299906 22240811 772508 3286493 1936562 384550 140126 94032 3335472 3018388 3141107 1971907 2387900 197476 319925 3455790 3995249 158430 PROCESSING COSTS 7164463 LOAN SERVICING 5930892 LOAN LOSS PROVISION 4080276 LICENSES AND FEES 2108573 5016288 78080188 49970290 45433971 116071022 181737517 0 2250000 1006448428 1038007320 3069854 3870957 85342432 34007258 53268451 51335174 46260532 212905477 12355379 5609779 0 6729472 2594171 2517171 64769645 64567348 1354807772 1614964186 20484833 15786631 5000000 0 1203828284 1457847232 1229313117 1473633863 X 0 0 0 0 125494655 141330323 125494655 141330323 1354807772 1614964186 18600094 -2764426 0 X X 0 1 X 1 0 1 4351940 282260999 282746322 3866617 0 10813671 10813671 44386279 12795010 31591269 3473478 2429459 1044019 26350855 18627527 7723328 318149 155262 162887 51335174 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1457847232 1457847232 PART IV, LINE 1B: BORROWER PAYMENTS FOR PRINCIPAL, INTEREST, TAXES AND INSURANCE. 1 AMERICAN RED CROSS OF NORTHERN NEVADA 4750 LONGLEY LANE SUITE 101 RENO NV 89502 530196605 501(C)(3) 10000 0 GENERAL SUPPORT AUDACITY INSTITUTE LLC 450 SINCLAIR STREET RENO NV 89501 382552018 12500 0 SUPPORT FOR START-UP ENTREPRENEURS CHILDREN'S MIRACLE NETWORK HOSPITAL 18400 VON KARMAN AVENUE SUITE 900 IRVINE CA 92612 870387205 501(C)(3) 17000 0 GENERAL SUPPORT EDDY HOUSE 888 WILLOW STREET RENO NV 89502 453023511 501(C)(3) 98710 0 GENERAL SUPPORT FOOD BANK OF NORTHERN NEVADA 550 ITALY DRIVE SPARKS NV 89437 942924979 501(C)(3) 8750 0 GENERAL SUPPORT RENO FOOD SYSTEM 972 BATES AVENUE RENO NV 89502 811021982 501(C)(3) 7500 0 GENERAL SUPPORT RENOWN HEALTH FOUNDATION 1155 MILL STREET O2 RENO NV 89502 942972749 501(C)(3) 5500 0 GENERAL SUPPORT SPECIAL OLYMPICS NEVADA 3480 BUSKIRK AVENUE SUITE 340 PLEASANT HILL CA 94523 680363121 501(C)(3) 57500 0 SPORTS EVENTS FOR PEOPLE WITH DISABILITIES TAHOE PROSPERITY CENTER 948 INCLINE WAY INCLINE VILLAGE NV 89451 453559172 501(C)(3) 10000 0 GENERAL SUPPORT THE GAME ROOM - TEDXRENO 3005 ROXBURY DRIVE RENO NV 89523 873140632 501(C)(3) 15000 0 GENERAL SUPPORT THE SALVATION ARMY 3755 N FREEWAY BOULEVARD SACRAMENTO CA 95834 941156347 501(C)(3) 10000 0 GENERAL SUPPORT UNIVERSITY OF NEVADA RENO FOUNDATION 1664 N VIRGINIA STREET RENO NV 89557 942781749 STATE OF NV 190000 0 GENERAL SUPPORT WESTERN NEVADA COLLEGE FOUNDATION 2201 WEST COLLEGE PARKWAY BRISTLECONE BUILDING 147 CARSON CITY NV 89703 880283783 501(C)(3) 6730 0 GENERAL SUPPORT WOLF PACK SPORTS PROPERTIES LLC PO BOX 843256 KANSAS CITY MO 64184 470911648 40000 0 SPONSORSHIP OF THE WOLF PACK ATHLETICS 12 2 PART I, LINE 2: THE GRANTS MADE ARE CONSIDERED CHARITABLE DONATIONS AND DO NOT REQUIRE FORMAL MONITORING OR REPORTING. X X X 0 1 0 JOYCE WHITNEY-SILVA EVP/CFO 223731 0 38100 0 692631 0 10601 0 23820 0 988883 0 0 0 JAMES ANDERSON EVP/MORTGAGE LENDING 219743 0 459529 0 0 0 13050 0 19476 0 711798 0 0 0 WALLACE MURRAY PRESIDENT/CEO 524273 0 100000 0 0 0 13050 0 23820 0 661143 0 0 0 JEREMY GILPIN EVP/COMMERCIAL LENDING 243087 0 355100 0 0 0 13050 0 19476 0 630713 0 0 0 SHER DEHORNEY VP OF MORTGAGE OPERATIONS 446776 0 0 0 0 0 13050 0 10824 0 470650 0 0 0 NICK SERRANO VP/MORTGAGE LENDING 394743 0 0 0 0 0 13050 0 6492 0 414285 0 0 0 NATALIE DUFTY MORTGAGE CONSULTANT 321014 0 0 0 0 0 5935 0 19476 0 346425 0 0 0 BEATRIZ PICO MORTGAGE CONSULTANT 331814 0 0 0 0 0 9311 0 0 0 341125 0 0 0 MICHAEL RANDALL SALES MANAGER 283371 0 0 0 0 0 7844 0 10824 0 302039 0 0 0 PART I, LINE 4B THE ORGANIZATION HAD A 457(F) DEFERRED COMPENSATION PLAN IN PLACE; JOYCE WHITNEY-SILVA WAS THE ONLY PARTICIPANT IN THE PLAN AND RECEIVED A TAXABLE DISTRIBUTION IN THE AMOUNT OF $692,631 FROM THE 457(F) PLAN DURING 2021. HARDAWAY CAPITAL GROUP LLC CONTROLLED ENTITY OF KEY EMPLOYEE OF GNCU PURCHASE OF 25% INTEREST IN GREATER NEVADA COMMERCIAL LENDING, LLC X 2500000 2250000 0 1 1 2250000 HARDAWAY CAPITAL GROUP LLC CONTROLLED ENTITY OF KEY EMPLOYEE OF GNCU 2500000 PURCHASE OF 25% INTEREST IN GREATER NEVADA COMMERCIAL LENDING, LLC 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS ONE CLASS OF MEMBER, WHICH ARE: (I) SHAREHOLDERS OF THE CREDIT UNION WHO LIVE OR WORK IN THE FOLLOWING NEVADA COUNTIES: CARSON CITY, CHURCHILL, CLARK, DOUGLAS, ELKO, ESMERALDA, EUREKA, HUMBOLDT, LANDER, LINCOLN, LYON, MINERAL, NYE, PERSHING, STOREY, WASHOE, WHITE PINE; (II) SPOUSES OF PERSONS WHO DIED WHILE WITHIN THE FIELD OF MEMBERSHIP OF THIS CREDIT UNION; (III) EMPLOYEES OF THIS CREDIT UNION; (IV) PERSONS RETIRED AS PENSIONERS OR ANNUITANTS FROM THE ABOVE EMPLOYMENT; AND (V) MEMBERS OF THEIR IMMEDIATE FAMILIES. MEMBERS DO NOT RECEIVE SHARES OF PROFIT OTHER THAN THROUGH SHARE ACCOUNT DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A FOR EACH VACANCY OF THE BOARD OF DIRECTORS, THE NOMINATING COMMITTEE FILES NOMINATIONS WITH THE SECRETARY OF THE CREDIT UNION AT LEAST 90 DAYS PRIOR TO THE ANNUAL MEETING. NOMINATIONS FOR VACANCIES MAY ALSO BE MADE BY MEMBERS OF THE ORGANIZATION VIA PETITION SIGNED BY 500 MEMBERS OR ONE PERCENT (1%) OF THE MEMBERSHIP ELIGIBLE TO VOTE AT MEETINGS OF THE MEMBERS, WHICHEVER IS SMALLER. SHOULD THERE BE A CONTESTED ELECTION, THE ELECTION IS THEN DETERMINED BY PLURALITY VOTE OPEN TO ALL MEMBERS OF THE ORGANIZATION ELIGIBLE TO VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT IN CONJUNCTION WITH THE ORGANIZATION'S EVP/CFO. THE EVP/CFO, WHO IS A MEMBER OF THE EXECUTIVE MANAGEMENT TEAM, THEN REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT/CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. COMPENSATION SURVEY DATA OBTAINED FROM OUTSIDE CONSULTANTS IS UTILIZED TO DETERMINE APPROPRIATE SALARY AND BENEFIT LEVELS FOR THE PRESIDENT/CEO. SUCH DECISIONS ARE DOCUMENTED BY THE BOARD IN AN EXECUTIVE SESSION. THIS PROCESS WAS LAST COMPLETED IN APRIL 2021. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S MONTHLY FINANCIAL STATEMENTS ARE POSTED IN EACH OF THE CREDIT UNION'S BRANCHES. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, HEADING - SUMMARY OF CHANGES FOR AMENDED RETURN: FORM 990, HEADING, BOX F: THE PRINCIPAL OFFICER WAS UPDATED TO REFLECT THE CURRENT PRINCIPAL OFFICER AS OF THE DATE OF THE AMENDED RETURN. FORM 990, PART IV, LINE 26: THIS LINE ITEM WAS UPDATED TO YES DUE TO A CONTRACT WITH HARDAWAY CAPITAL GROUP, LLC FOR THE SALE OF MEMBERSHIP INTEREST IN GREATER NEVADA COMMERCIAL LENDING, LLC. HARDAWAY CAPITAL GROUP, LLC IS A CONTROLLED ENTITY OF JEREMY GILPIN, A KEY EMPLOYEE AT GREATER NEVADA CREDIT UNION. FORM 990, PART IV, LINE 28C: THIS LINE ITEM WAS UPDATED TO YES FOR THE SALE OF A 25% INTEREST IN GREATER NEVADA COMMERCIAL LENDING, LLC TO HARDAWAY CAPITAL, LLC. FORM 990, PART X. LINE 5: THIS LINE ITEM WAS UPDATED TO $2,250,000 TO REFLECT THE NOTE RECEIVABLE IN THE CONTRACT WITH HARDAWAY CAPITAL GROUP, LLC. FORM 990, PART X, LINE 7: THIS LINE ITEM WAS REDUCED BY $2,250,000 TO RECLASSIFY THE NOTE RECEIVABLE IN THE CONTRACT WITH HARDAWAY CAPITAL GROUP, LLC TO LINE 5. SCHEDULE L, PART II: THIS WAS ADDED TO REPORT THE NOTE RECEIVABLE FROM HARDAWAY CAPITAL GROUP, LLC. SCHEDULE L, PART IV: THIS WAS ADDED TO REPORT THE SALE OF A 25% INTEREST IN GREATER NEVADA COMMERCIAL LENDING, LLC TO HARDAWAY CAPITAL, LLC. GREATER NEVADA LLC 451 EAGLE STATION LANE CARSON CITY NV 89701 880500878 MORTGAGE SERVICES NV 6311026 36084536 GREATER NEVADA CREDIT UNION GREATER NEVADA FINANCIAL GROUP LLC 451 EAGLE STATION LANE CARSON CITY NV 89701 811825547 INSURANCE PRODUCTS NV -3845 164429 GREATER NEVADA CREDIT UNION GREATER NEVADA COMMERCIAL LENDING LLC 5190 NEIL ROAD SUITE 205 RENO NV 89523 821499653 COMMERCIAL LENDING NV GREATER NEVADA CREDIT UNION RELATED 16232647 17722529 0 1 0.75000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0