2022-11-10T16:40:39-06:00 2021-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2021-01-01 930243503 UNITUS COMMUNITY CREDIT UNION UNIT 5034238839 PO BOX 1937 PORTLAND OR 972071937 MICHAEL NAMBA SVP- CHIEF FINANCIAL OFFICER 5034238839 2022-11-07 1 MICHAEL NAMBA XXX-XX-XXXX WENDY CAMPOS P00448102 5032421447 2022-11-07 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z STEVEN STAPP PO BOX 1937 PORTLAND OR 972071937 437285999 0 X WWW.UNITUSCCU.COM X 1937 OR CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSE. 7 7 340 15 365488 87666 0 0 63832917 61529677 3879532 3260321 -18931 76165 67693518 64866163 594646 711420 0 0 26334706 27482930 0 0 0 34681442 23916937 61610794 52111287 6082724 12754876 1575458613 1726756998 1426793324 1569071078 148665289 157685920 TOGETHER WE INSPIRE HOPE BY NAVIGATING THROUGH LIFE'S DEFINING MOMENTS. 0 0 PROVIDE FINANCIAL SERVICES TO 104,429 MEMBERS. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, PROVIDING REAL ESTATE AND OTHER SECURED/ UNSECURED CONSUMER LOANS, CHECKING AND SAVINGS PROGRAMS, AND CREDIT CARD SERVICES. SUPPORT COMMUNITIES IN OUR FIELD OF MEMBERSHIP, INCLUDING CORPORATE PHILANTHROPY. 0 0 1 0 0 0 0 1 1 1 0 0 0 1 1 1 1 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 22172 347 1 340 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X MICHAEL NAMBA 5034238839 1300 SW 6TH AVENUE PORTLAND OR 97201 STEVEN STAPP PRESIDENT - CHIEF EXECUTIVE OFFICER 55.00 X 721929 0 208694 GREG SPEAR SVP - CHIEF FINANCIAL OFFICER 55.00 X 337259 0 64153 DAVID FEHRER EVP - CHIEF STRATEGY AND INNOVATION OFFICER 55.00 X 325595 0 67809 BRIAN DEVEREUX SVP - CHIEF LENDING OFFICER 55.00 X 311590 0 53199 MICHELLE HOLLENBECK MGR - REGIONAL MORTGAGE SALES 55.00 X 307758 0 44811 GAYLE EVANS SVP - CHIEF HUMAN RESOURCES OFFICER 55.00 X 261521 0 62922 KEVIN MOON MORTGAGE RELATIONSHIP OFFICER 55.00 X 270458 0 46657 TIMOTHY BELL VP - CHIEF EXPERIENCE OFFICER 55.00 X 241831 0 43720 JAMES ALEXANDER SVP - CHIEF RISK OFFICER 55.00 X 232519 0 50282 CORLINDA WOODEN SVP - CHIEF RETAIL OFFICER 55.00 X 204363 0 34738 KEVIN SMITH VP - INFORMATION TECHNOLOGY 55.00 X 166514 0 36740 TIMOTHY BURKE MORTGAGE RELATIONSHIP OFFICER 55.00 X 176940 0 22931 RICHARD HIGH AVP - CREDIT ADMINISTRATION 55.00 X 178450 0 21402 JOHN BACHMAN MGR - INFORMATION TECHNOLOGY 55.00 X 157801 0 37635 KRISTIAN KIRKEVOLD MORTGAGE RELATIONSHIP OFFICER 55.00 X 151539 0 37156 PHAYSY ALLEN MORTGAGE RELATIONSHIP OFFICER 55.00 X 164227 0 21848 JOSEPH MOSSER ASST MGR - SOFTWARE ENGINEERING 55.00 X 145971 0 36664 AMY OLSON AVP - RESIDENTIAL MORTGAGE LENDING 55.00 X 143416 0 36355 WAYNE MATSUMURA AVP - BUSINESS LENDING 55.00 X 153629 0 25200 BRADLEY GOODENOUGH MGR - MORTGAGE LENDING SALES 55.00 X 158463 0 17195 RONDA WAGNER AVP - CONSUMER LENDING 55.00 X 151967 0 21498 JILL WHEELER MORTGAGE RELATIONSHIP OFFICER 55.00 X 151402 0 21122 KAREN SALMAN AVP - DEPOSIT ADMINISTRATION 55.00 X 151382 0 14776 MAUREEN ROUTT MORTGAGE RELATIONSHIP OFFICER 55.00 X 138005 0 20421 KENNETH RIEDEL AVP - REGIONAL MANAGER 55.00 X 133272 0 20911 JESSICA BROWN VP - PEOPLE AND CULTURE 55.00 X 139998 0 11150 SOMNATH BANERJEE PRESIDENT/CHAIR 3.00 X X 21500 0 0 MATTHEW MICETIC VICE PRESIDENT 3.00 X X 15000 0 0 RHONDA CRAMER SECRETARY 3.00 X X 15000 0 0 FRANK CHINN DIRECTOR 3.00 X 15000 0 0 TIFFINI MUELLER DIRECTOR 3.00 X 15000 0 0 MARY NOLAN DIRECTOR 3.00 X 15000 0 0 LAURA CONROY DIRECTOR 3.00 X 8132 0 0 SUE IGGULDEN DIRECTOR THROUGH 3/16/21 3.00 X 6868 0 0 5789299 0 1079989 62 0 1 0 MEMBER ACCESS PACIFIC 20829 72ND AVE S SUITE 600 KENT WA 98032 CARD SERVICES MANAGEMENT 1650276 ALKAMI TECHNOLOGY INC 5601 GRANITE PARKWAY SUITE 120 PLANO TX 75024 CLOUD-BASED DIGITAL BANKING SOLUTIONS 1461025 CENLAR FSB PO BOX 77415 EWING NJ 08628 LOAN SERVICING AND SUBSERVICING 851995 EDGE MULTIMEDIA INC 15640 NE FOURTH PLAIN BLVD STE 106 VANCOUVER WA 98682 MARKETING SERVICES 721253 INFOIMAGE 141 JEFFERSON DRIVE MENLO PARK CA 94025 CUSTOMER STATEMENT 666673 45 INTEREST ON LOANS 522100 45439259 45439259 SERVICE CHARGES & FEES 522100 14801460 14512137 289323 MORTGAGE BANKING/LOAN 522100 6561409 6561409 DEFERRED LOAN FEE EARN 522100 -5272451 -5272451 61529677 2627430 2627430 373052727 372367444 52392 685283 -52392 632891 632891 PASSTHROUGH INCOME 518210 76165 76165 76165 64866163 61240354 365488 3260321 693920 17500 6043122 14713974 1814487 2936945 1974402 65370 40600 1308916 1247811 2187376 4068328 3063784 78519 125 4503037 1545559 209126 LOAN SERVICING 1933918 VISA SUPPORT 1416500 PROVISION FOR LOAN LOSS 812780 UBI TAXES 45932 1389256 52111287 130282800 121408341 1126196 1234263 517939 304211 981906967 1155544077 1241331 1622912 27191279 22051286 6258082 5139993 418404934 398709820 14400905 16084623 21319459 26708758 1575458613 1726756998 12225639 18008175 1414567685 1551062903 1426793324 1569071078 X 0 0 23423471 23423471 125241818 134262449 148665289 157685920 1575458613 1726756998 X 12754876 -3734245 X 0 1 X 1 0 12000 12000 1 CREDIT UNION LEGISLATIVE ACTION FUND PO BOX 1900 BEAVERTON OR 970751900 800043051 12000 PART I-A, LINE 1: THE CREDIT UNION HAS ONLY INDIRECT POLITICAL CAMPAIGN ACTIVITY: A CONTRIBUTION TO THE CREDIT UNION LEGISLATIVE ACTION FUND. 0 0 1129893 1363831 2493724 1083097 46796 1129893 1030134 52963 1083097 1000000 30134 1030134 1.00000 0 0 1001331 1001331 12615744 9960802 2654942 13548797 12090484 1458313 25407 25407 5139993 MEMBERS' SHARES 1551062903 1551062903 X 65252588 462781 462781 64789807 76356 76356 64866163 52111287 0 52111287 0 52111287 PART X, LINE 2: FIN 48 (ASC 740) UNCERTAIN TAX POSITIONS FOOTNOTE - THE CREDIT UNION WOULD RECOGNIZE A TAX BENEFIT FOR UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WOULD BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT WOULD BE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE CREDIT UNION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS AN ADMINISTRATIVE EXPENSE. NO INTEREST AND PENALTIES WERE RECOGNIZED FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: PASSTHROUGH INCOME 76,356. SCHEDULE D, PART V, LINE 4 FUNDS SET ASIDE FOR CHARITABLE DONATIONS 1 NORTHWEST CREDIT UNION FOUNDATION 18000 INTERNATIONAL BLVD 1102 SEATAC WA 98188 911649328 501(C)(3) 60585 0 GENERAL SUPPORT PORTLAND ROSE FESTIVAL 1020 SW NAITO PARKWAY PORTLAND OR 97204 930333036 501(C)(3) 60000 0 GENERAL SUPPORT MARION POLK FOOD SHARE INC 1660 SALEM INDUSTRIAL DRIVE NE SALEM OR 97301 943034161 501(C)(3) 52000 0 GENERAL SUPPORT WESTERN OREGON UNIVERSITY FOUNDATION 345 MONMOUTH AVENUE N MONMOUTH OR 97361 936033807 501(C)(3) 30000 0 GENERAL SUPPORT RANDALL CHILDREN'S HOSPITAL FOUNDATION P O BOX 4484 PORTLAND OR 97208 931314469 501(C)(3) 25000 0 GENERAL SUPPORT WORLD COUNCIL OF CREDIT UNIONS 5710 MINERAL POINT ROAD MADISON WI 53705 391143339 501(C)(3) 17500 0 GENERAL SUPPORT SUNSHINE DIVISION INC 687 N THOMPSON PORTLAND OR 97227 930429354 501(C)(3) 16500 0 GENERAL SUPPORT SNOWCAP COMMUNITY CHARITIES PO BOX 160 FAIRVIEW OR 97024 237121915 501(C)(3) 15500 0 GENERAL SUPPORT OREGON HEALTH & SCIENCE UNIVERSITY FOUNDATION 3181 SW SAM JACKSON PARK RD PORTLAND OR 97239 237083114 501(C)(3) 11000 0 GENERAL SUPPORT JUNIOR ACHIEVEMENT OF OR & SW WA 7830 SE FOSTER ROAD PORTLAND OR 97206 930384007 501(C)(3) 10100 0 GENERAL SUPPORT FINANCIAL BEGINNINGS USA 6443 SW BEAVERTON HILLSDALEHWY PORTLAND OR 97221 203530960 501(C)(3) 10100 0 GENERAL SUPPORT WORLD OREGON 1207 SW BROADWAY SUITE 300 PORTLAND OR 97205 930568356 501(C)(3) 10000 0 YOUNG LEADER IN ACTION GOOD NEIGHBOR CENTER 11130 SW GREENBURG RD TIGARD OR 97223 931269989 501(C)(3) 10000 0 GENERAL SUPPORT CLACKAMAS SERVICE CENTER 8800 SE 80TH AVENUE PORTLAND OR 97206 930626175 501(C)(3) 10000 0 GENERAL SUPPORT SCHOOLHOUSE SUPPLIES 4916 NE 122ND AVENUE PORTLAND OR 97230 204223437 501(C)(3) 10000 0 TOOLS FOR SCHOOLS 2021 SPONSOR NATIONAL CREDIT UNION FOUNDATION PO BOX 78880 MILWAUKEE WI 53278 391383650 501(C)(3) 7500 0 GENERAL SUPPORT HISPANIC METROPOLITAN CHAMBER OF COMMERCE 333 SW 5TH AVENUE 100 PORTLAND OR 97204 931156358 501(C)(3) 6655 0 GENERAL SUPPORT IMMIGRANT AND REFUGEE COMMUNITY ORG 10301 NE GLISAN STREET PORTLAND OR 97220 930806295 501(C)(3) 6335 0 GENERAL SUPPORT MEALS ON WHEELS PEOPLE PO BOX 19477 PORTLAND OR 97280 930584318 501(C)(3) 5335 0 GENERAL SUPPORT 24 ACADEMIC SCHOLARSHIPS - BASED ON GPA OF DEMONSTRATED POTENTIAL IN CHOSEN FIELD AND COMMUNITY INVOLVEMENT 7 17500 PART I, LINE 2: THE CREDIT UNION SENDS SCHOLARSHIP RECIPIENTS A NOTICE OF AWARD SPECIFYING THE TERMS OF THE SCHOLARSHIP AWARD, WHICH THE RECIPIENT IS REQUIRED TO SIGN AND RETURN TO THE ORGANIZATION. THE CREDIT UNION WILL THEN SEND A CHECK DIRECTLY TO THE FINANCIAL AID OFFICE OF THE INSTITUTION TO BE ATTENDED. THE FINANCIAL AID OFFICE WILL DISBURSE THE FUNDS IN PAYMENT OF FEES OR OTHER CHARGES UPON VERIFICATION AS A FULL-TIME STUDENT. REFUNDS RESULTING FROM A STUDENT'S FAILURE TO COMPLETE A FULL STUDY PERIOD WILL BE RETURNED TO THE CREDIT UNION FOR DEPOSIT IN THE SCHOLARSHIP ACCOUNT. X X 1 1 X X X X 0 1 0 STEVEN STAPP PRESIDENT - CHIEF EXECUTIVE OFFICER 623631 0 86298 0 12000 0 180150 0 28544 0 930623 0 0 0 GREG SPEAR SVP - CHIEF FINANCIAL OFFICER 302740 0 34519 0 0 0 45758 0 18395 0 401412 0 0 0 DAVID FEHRER EVP - CHIEF STRATEGY AND INNOVATION 295321 0 30274 0 0 0 43247 0 24562 0 393404 0 0 0 BRIAN DEVEREUX SVP - CHIEF LENDING OFFICER 281043 0 30522 0 25 0 42965 0 10234 0 364789 0 0 0 MICHELLE HOLLENBECK MGR - REGIONAL MORTGAGE SALES 304017 0 3741 0 0 0 20249 0 24562 0 352569 0 0 0 GAYLE EVANS SVP - CHIEF HUMAN RESOURCES OFFICER 235358 0 25651 0 512 0 38360 0 24562 0 324443 0 0 0 KEVIN MOON MORTGAGE RELATIONSHIP OFFICER 266717 0 3741 0 0 0 22095 0 24562 0 317115 0 0 0 TIMOTHY BELL VP - CHIEF EXPERIENCE OFFICER 223408 0 18423 0 0 0 19158 0 24562 0 285551 0 0 0 JAMES ALEXANDER SVP - CHIEF RISK OFFICER 210186 0 22333 0 0 0 31887 0 18395 0 282801 0 0 0 CORLINDA WOODEN SVP - CHIEF RETAIL OFFICER 187430 0 16933 0 0 0 16650 0 18088 0 239101 0 0 0 KEVIN SMITH VP - INFORMATION TECHNOLOGY 156740 0 9774 0 0 0 12178 0 24562 0 203254 0 0 0 TIMOTHY BURKE MORTGAGE RELATIONSHIP OFFICER 173199 0 3741 0 0 0 14156 0 8775 0 199871 0 0 0 RICHARD HIGH AVP - CREDIT ADMINISTRATION 168662 0 9788 0 0 0 12627 0 8775 0 199852 0 0 0 JOHN BACHMAN MGR - INFORMATION TECHNOLOGY 147833 0 9968 0 0 0 13073 0 24562 0 195436 0 0 0 KRISTIAN KIRKEVOLD MORTGAGE RELATIONSHIP OFFICER 147855 0 3684 0 0 0 12594 0 24562 0 188695 0 0 0 PHAYSY ALLEN MORTGAGE RELATIONSHIP OFFICER 160486 0 3741 0 0 0 13073 0 8775 0 186075 0 0 0 JOSEPH MOSSER ASST MGR - SOFTWARE ENGINEERING 136537 0 9434 0 0 0 12102 0 24562 0 182635 0 0 0 AMY OLSON AVP - RESIDENTIAL MORTGAGE LENDING 131815 0 11601 0 0 0 11793 0 24562 0 179771 0 0 0 WAYNE MATSUMURA AVP - BUSINESS LENDING 143815 0 9814 0 0 0 12064 0 13136 0 178829 0 0 0 BRADLEY GOODENOUGH MGR - MORTGAGE LENDING SALES 150927 0 7536 0 0 0 12076 0 5119 0 175658 0 0 0 RONDA WAGNER AVP - CONSUMER LENDING 142859 0 9108 0 0 0 11388 0 10110 0 173465 0 0 0 JILL WHEELER MORTGAGE RELATIONSHIP OFFICER 147610 0 3792 0 0 0 12347 0 8775 0 172524 0 0 0 KAREN SALMAN AVP - DEPOSIT ADMINISTRATION 142537 0 8845 0 0 0 6001 0 8775 0 166158 0 0 0 MAUREEN ROUTT MORTGAGE RELATIONSHIP OFFICER 134264 0 3741 0 0 0 11068 0 9353 0 158426 0 0 0 KENNETH RIEDEL AVP - REGIONAL MANAGER 124885 0 8387 0 0 0 10677 0 10234 0 154183 0 0 0 JESSICA BROWN VP - PEOPLE AND CULTURE 131287 0 8711 0 0 0 11150 0 0 0 151148 0 0 0 PART I, LINE 1A BOARD MEMBERS BRING SPOUSES TO THE GAC CONFERENCE EACH YEAR. ADDITIONALLY, THE CREDIT UNION PAYS MEMBERSHIP FEES FOR UNIVERSITY CLUB FOR THE PRESIDENT. THESE ITEMS WERE NOT INCLUDED IN TAXABLE INCOME. PART I, LINE 4B THE CREDIT UNION AT TIMES ENTERS INTO 457(F) DEFERRED COMPENSATION AGREEMENTS WITH MEMBERS OF EXECUTIVE MANAGEMENT THAT PROVIDE BENEFITS PAYABLE TO PARTICIPANTS BASED ON VARYING CONDITIONS, TYPICALLY LENGTH OF SERVICE. BENEFITS ARE SUBJECT TO FORFEITURE IF EMPLOYMENT IS TERMINATED FOR CAUSE AS DEFINED IN THE AGREEMENTS. BRIAN DEVEREUX CHIEF LENDING OFFICER AUTO X 24283 12398 0 1 1 CORLINDA WOODEN CHIEF RETAIL OFFICER AUTO X 28292 9030 0 1 1 JAMES ALEXANDER CHIEF RISK OFFICER EQUITY PLUS X 0 4633 0 1 1 JAMES ALEXANDER CHIEF RISK OFFICER MORTGAGE X 211684 278150 0 1 1 304211 FORM 990, PART VI, SECTION A, LINE 6 CREDIT UNION MEMBERS WITH PRIME SHARE ACCOUNTS ARE ABLE TO VOTE AND VOLUNTEER FOR THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A CREDIT UNION MEMBERS ARE ENTITLED TO ONE VOTE EACH IN ELECTIONS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE MANAGER REVIEWS ALL ENTRIES TO FORM 990 BY COMPARING THE ENTRIES TO BOOKS OF THE CORPORATION. THE CFO AND PRESIDENT ALSO THEN REVIEW FORM 990 BEFORE FILING. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS PERFORMS A FINAL REVIEW, AND A COPY OF FORM 990 IS PROVIDED TO ALL BOARD MEMBERS BEFORE THE FORM IS FILED. FORM 990, PART VI, SECTION B, LINE 12C A BOARD-APPROVED STANDARDS OF CONFLICT POLICY EXISTS TO ADDRESS ACTUAL OR PERCEIVED CONFLICTS OF INTEREST. THE POLICY APPLIES TO ALL EMPLOYEES AND THE BOARD/OFFICIAL FAMILY. CONFLICTS OF INTEREST ARE REPORTED AND HANDLED BY THE CHIEF RISK OFFICER, CHIEF EXECUTIVE OFFICER, OR BOARD CHAIRPERSON DEPENDING ON WHO IS INVOLVED IN THE CONFLICT. CONFLICTS OF INTEREST ARE GENERALLY AVOIDED AND THE APPROPRIATE COURSE OF ACTION IS DETERMINED BASED ON THE SITUATION. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES DEPARTMENT HIRES AN OUTSIDE CONSULTANT TO PERFORM A MARKET SURVEY FOR THE CEO COMPENSATION PACKAGE. THE RESULTS ARE THEN COMPILED AND A RECOMMENDATION IS PRESENTED TO THE EXECUTIVE COMMITTEE. RECOMMENDATIONS CONFORM TO A BOARD-APPROVED COMPENSATION PHILOSOPHY. THE HUMAN RESOURCES DEPARTMENT HIRES AN OUTSIDE CONSULTANT TO PERFORM A MARKET SURVEY FOR OFFICER AND OTHER KEY EMPLOYEE COMPENSATION PACKAGES. THE RESULTS ARE THEN COMPILED AND ARE SUBJECT TO APPROVAL BY THE CEO. RECOMMENDATIONS CONFORM TO A BOARD-APPROVED COMPENSATION PHILOSOPHY. THESE PROCESSES ARE UNDERTAKEN ANNUALLY EACH FEBRUARY. FORM 990, PART VI, SECTION C, LINE 19 A PAPER COPY OF THE AUDITED FINANCIAL STATEMENTS MAY BE VIEWED IN THE FINANCE DEPARTMENT AT AN INDIVIDUAL'S REQUEST. ADDITIONALLY, ANNUAL REPORTS ARE AVAILABLE VIA THE CREDIT UNION'S WEBSITE. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: PASSTHROUGH INCOME -76,356. OTHER COMPREHENSIVE INCOME -4,120,670. UNREALIZED GAIN/LOSS 462,781.