2021-11-15T12:03:37-06:00 2020-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2020-01-01 880063808 GREATER NEVADA CREDIT UNION GREA 7758822060 PO BOX 2128 CARSON CITY NV 89702 JOYCE WHITNEY-SILVA EVP/CFO 7758861329 2021-11-15 1 JOYCE WHITNEY-SILVA 999009999 WENDY CAMPOS P00448102 5032421447 2021-11-09 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z WALLACE MURRAY PO BOX 2128 CARSON CITY NV 89702 145809901 0 X WWW.GNCU.ORG X 1949 NV TO PROVIDE QUALITY FINANCIAL SERVICES TO MEMBERS. 7 7 409 16 488507 0 0 0 67657392 89948384 5596326 2853721 657005 620566 73910723 93422671 570904 192147 0 0 24474764 31977574 0 0 0 37832233 47289403 62877901 79459124 11032822 13963547 1062492971 1354807772 951434513 1229313117 111058458 125494655 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 78,340 IN 2020, AN INCREASE OF 4,962 FOR THE YEAR. DURING 2020, THE CREDIT UNION AND ITS AFFILIATES FUNDED $199 MILLION IN CONSUMER LOANS. MORTGAGE SERVICES - ORIGINATING, SELLING, AND SERVICING OF REAL ESTATE MORTGAGES. DURING 2020, THE CREDIT UNION FUNDED $406 MILLION IN MORTGAGE LOANS. COMMERCIAL LENDING - ORIGINATING, SELLING, AND SERVICING OF COMMERCIAL LOANS. DURING 2020, THE CREDIT UNION FUNDED $848 MILLION IN COMMERCIAL LOANS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 23697 0 1 409 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 JOYCE WHITNEY-SILVA 7758861329 451 EAGLE STATION LANE CARSON CITY NV 89701 WALLACE MURRAY PRESIDENT/CEO 40.00 X 565304 0 28631 NICK SERRANO VP/MORTGAGE LENDING 40.00 X 383738 0 34757 NATALIE DUFTY MORTGAGE CONSULTANT 40.00 X 374160 0 32016 JAMES ANDERSON EVP/MORTGAGE LENDING 40.00 X 333042 0 34576 DOUGLAS DABERKO MORTGAGE CONSULTANT 40.00 X 294473 0 27965 MICHAEL SMITH MORTGAGE CONSULTANT 40.00 X 283575 0 22735 JOYCE WHITNEY-SILVA EVP/CFO 40.00 X 254675 0 36891 LETITIA CAREY MORTGAGE CONSULTANT 40.00 X 267209 0 21289 JEREMY GILPIN EVP/COMMERCIAL LENDING 40.00 X 210939 0 29138 WILLIAM ARENSDORF CHAIR 4.00 X X 0 0 0 ROB JOINER VICE CHAIR 8.00 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 2967115 0 267998 52 0 1 0 FISERV INC PO BOX 80123 CITY OF INDUSTRY CA 91716 CORE PROCESSOR SUPPORT 2506268 EXL MEDIA 803 TAHOE BLVD 7 INCLINE VILLAGE NV 89451 ADVERTISING AGENCY 678137 BUSINESS DATA INC PO BOX 6081 INGLEWOOD CA 90312 NOTICES AND STATEMENT SERVICING 560391 SECTRAN SECURITY INC PO BOX 227267 LOS ANGELES CA 90022 EQUIPMENT & MAINTENANCE 338522 ADVANTAGE CREDIT INC 32065 CASTLE CT 300 EVERGREEN CO 80439 CREDIT REPORTING SERVICES 260500 32 INTEREST - MEMBER LOAN 522100 38066370 38066370 GAIN ON SALE OF LOANS 522100 24221018 24221018 FEES & SERVICE CHARGES 522100 15809882 15809882 INTERCHANGE INCOME 522100 6990614 6990614 OTHER NON-INTEREST INC 522100 4860500 4371993 488507 89948384 2779989 2779989 564101 382787 181314 181314 181314 52030008 48167 51860222 144221 169786 -96054 73732 73732 LIFE INSURANCE VALUE 900099 439252 439252 439252 93422671 89459877 488507 3474287 162147 30000 1448703 25179450 772284 2852916 1724221 400744 142542 3190938 3013968 2728445 1771764 2012858 169717 209910 4040349 3821131 151705 LOAN SERVICING 10820143 PROCESSING COSTS 4936308 LOAN LOSS PROVISION 3868369 LICENSES AND FEES 2511964 3498548 79459124 40417163 49970290 148240157 116071022 649051772 1006448428 3044137 3069854 84485188 31216737 49141427 53268451 97744538 46260532 17266379 12355379 2671171 2594171 54916227 64769645 1062492971 1354807772 12365396 20484833 4812149 5000000 934256968 1203828284 951434513 1229313117 X 0 0 0 0 111058458 125494655 111058458 125494655 1062492971 1354807772 13963547 472650 0 X 0 1 X 1 0 1 4106808 273053253 272808121 4351940 0 10813670 10813670 43540645 11402332 32138313 3784682 2300136 1484546 26087032 17382108 8704924 259159 132161 126998 53268451 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1203828284 1203828284 X PART IV, LINE 1B: BORROWER PAYMENTS FOR PRINCIPAL, INTEREST, TAXES AND INSURANCE. PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. 1 UNIVERSITY OF NEVADA RENO 1664 N VIRGINIA ST RENO NV 89557 886000024 STATE OF NV 23337 EDUCATIONAL ASSISTANCE SPECIAL OLYMPICS NEVADA 5670 WYNN RD SUITE E LAS VEGAS NV 89118 680363121 501(C)(3) 50000 SPORTS EVENTS FOR PEOPLE WITH DISABILITIES CHILDRENS MIRACLE NETWORK 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 870387205 501(C)(3) 18600 GENERAL SUPPORT GIRLS ON THE RUN OF THE SIERRAS 100 CALIFORNIA AVE 210 RENO NV 89509 010901393 501(C)(3) 6000 GENERAL SUPPORT EDUCATION ALLIANCE 425 E NINTH STSTE A122 RENO NV 89512 943177739 501(C)(3) 10000 GENERAL SUPPORT 5 0 SCHOLARSHIPS 30 30000 PART I, LINE 2: THE GRANTS MADE ARE CONSIDERED CHARITABLE DONATIONS AND DO NOT REQUIRE FORMAL MONITORING OR REPORTING. X X 0 1 0 WALLACE MURRAY PRESIDENT/CEO 493304 0 72000 0 0 0 12825 0 15806 0 593935 0 0 0 NICK SERRANO VP/MORTGAGE LENDING 383738 0 0 0 0 0 12825 0 21932 0 418495 0 0 0 NATALIE DUFTY MORTGAGE CONSULTANT 374160 0 0 0 0 0 12825 0 19191 0 406176 0 0 0 JAMES ANDERSON EVP/MORTGAGE LENDING 209746 0 123296 0 0 0 12825 0 21751 0 367618 0 0 0 DOUGLAS DABERKO MORTGAGE CONSULTANT 294473 0 0 0 0 0 12825 0 15140 0 322438 0 0 0 MICHAEL SMITH MORTGAGE CONSULTANT 283575 0 0 0 0 0 0 0 22735 0 306310 0 0 0 JOYCE WHITNEY-SILVA EVP/CFO 206675 0 48000 0 0 0 21460 0 15431 0 291566 0 0 0 LETITIA CAREY MORTGAGE CONSULTANT 267209 0 0 0 0 0 7998 0 13291 0 288498 0 0 0 JEREMY GILPIN EVP/COMMERCIAL LENDING 204939 0 6000 0 0 0 9409 0 19729 0 240077 0 0 0 PART I, LINE 4B THE ORGANIZATION HAS A 457(F) DEFERRED COMPENSATION PLAN IN PLACE; JOYCE WHITNEY-SILVA IS THE ONLY PARTICIPANT IN THE PLAN. THE ORGANIZATION CONTRIBUTED $10,000 TO JOYCE WHITNEY-SILVA'S 457(F) PLAN DURING 2020, WHICH HAS BEEN REPORTED AS "RETIREMENT AND DEFERRED COMPENSATION" ON SCHEDULE J, PART II, COLUMN (C). THERE WERE NO TAXABLE DISTRIBUTIONS FROM THE 457(F) PLAN OR AMOUNTS WHICH BECAME TAXABLE DUE TO VESTING DURING 2020. 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 AS OF APRIL 1, 2019. 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. GREATER NEVADA LLC 451 EAGLE STATION LANE CARSON CITY NV 89701 880500878 MORTGAGE SERVICES NV 7881610 41421540 GREATER NEVADA CREDIT UNION GREATER NEVADA FINANCIAL GROUP LLC 451 EAGLE STATION LANE CARSON CITY NV 89701 811825547 INSURANCE PRODUCTS NV -45396 155181 GREATER NEVADA CREDIT UNION GREATER NEVADA COMMERCIAL LENDING LLC 5190 NEIL ROAD SUITE 205 RENO NV 89523 821499653 COMMERCIAL LENDING NV 3255043 9102515 GREATER NEVADA CREDIT UNION