2020-11-10T12:44:36-06:00 2019-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2019-01-01 930251640 ADVANTIS CREDIT UNION ADVA 5037852528 9200 SE SUNNYBROOK BLVD NO 300 CLACKAMAS OR 97015 LAURIE WILSON CFO 5037852528 2020-10-26 1 WENDY CAMPOS P00448102 5032421447 2020-10-15 73.96.206.44 2020-10-26 11:30:30 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 49DBEE6AC883C99C1A3F54F9C66CBC91A259A0F6 2019 2022-01-07 14:23:13Z LAURIE WILSON 9200 SE SUNNYBROOK BLVD NO 300 CLACKAMAS OR 97015 79054146 0 X WWW.ADVANTISCU.ORG X 1928 OR PROVIDING FINANCIAL SERVICES TO MEMBERS 9 9 297 15 869894 -352697 0 0 65166328 63741706 2641294 4880566 6622 6622 67814244 68628894 239652 272254 0 0 18568749 20263509 0 0 0 38192915 36370534 57001316 56906297 10812928 11722597 1426868115 1478812305 1264554685 1304432680 162313430 174379625 X TO PROMOTE THRIFT AMONG ITS MEMBERS BY AFFORDING THEM THE OPPORTUNITY FOR ACCUMULATING THEIR SAVINGS, TO CREATE FOR THEM A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND TO PROVIDE THE OPPORTUNITY FOR THE MEMBERS TO USE AND CONTROL THEIR MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. 0 0 THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO 77,107 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 29004 0 1 297 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 LAURIE WILSON 5037852528 9200 SE SUNNYBROOK BLVD 300 CLACKAMAS OR 97015 ANDY DOLBERG CHAIRMAN 2.00 X X 13667 0 0 TAMMY TESKE VICE CHAIRMAN 2.00 X X 12000 0 0 TARUN GUDZ SECRETARY/TREASURER 2.00 X X 12000 0 0 AMANDA OWINGS DIRECTOR 2.00 X 13167 0 0 RENEE HALPERN DIRECTOR 2.00 X 12000 0 0 ROGER HEDIGER DIRECTOR 2.00 X 12000 0 0 JAKE JENSEN DIRECTOR 2.00 X 12000 0 0 FREDERIC DUPEYROUS DIRECTOR 2.00 X 8500 0 0 RICK VEIRA DIRECTOR THROUGH APRIL 2019 2.00 X 6000 0 0 PATRICK HAGER DIRECTOR 2.00 X 0 0 0 ROBERT CORWIN CEO/PRESIDENT 40.00 X 992549 0 26044 LAURIE WILSON SVP/CHIEF FINANCIAL OFFICER 40.00 X 264975 0 114045 WENDY EDWARDS SVP/CHIEF ADMINISTRATIVE OFFICER 40.00 X 292973 0 23127 TIMOTHY CLOUSE SVP/CHIEF INNOVATION OFFICER 40.00 X 245426 0 42502 KELI MYERS SVP/CHIEF CREDIT OFFICER 40.00 X 231507 0 22716 CHRISTOPHER GROSHKO SVP/CHIEF RETAIL OFFICER 40.00 X 231812 0 18190 JOHN NICHOLS VP OF MARKETING 40.00 X 156704 0 13617 SHANE RICHINS CONTROLLER 40.00 X 162622 0 12825 MATTHEW RUSSELL FINANCIAL ADVISOR - LICENSED 40.00 X 317929 0 22210 JERI MAHER MORTGAGE LOAN OFFICER - COMMISSIONED 40.00 X 189826 0 16235 MARY ELLEN LANZISERA DIRECTOR OF RISK MANAGEMENT 40.00 X 135802 0 12043 JONATHAN WEITZ DIRECTOR OF COMMERICAL LENDING 40.00 X 130542 0 11694 MICHAEL JENNINGS DIRECTOR OF REAL ESTATE LENDING 40.00 X 128836 0 9384 3582837 0 344632 13 0 1 0 ALKAMI TECHNOLOGY INC 5601 GRANITE PKWY 120 PLANO TX 75024 DIGITAL AND ONLINE BANKING 889228 AFFILIATED MEDIA LLC 3858 NW DEVOTO LN PORTLAND OR 97229 MEDIA AND ADVERTISING 606232 FISERV INC PO BOX 99924 GRAPEVINE TX 76099 MAINTENANCE 603021 NORDISK SYSTEMS INC 6400 SE LAKE RD SUITE 450 PORTLAND OR 97222 DIGITAL AND ONLINE BANKING 537039 LOOMIS ARMORED US LLC 2500 CITY WEST BLVD 900 HOUSTON TX 77042 ATM CASH REPLENISHMENT 519259 37 LOANS 522100 55946105 55946105 SERVICE CHARGES AND FE 522100 4646580 4619134 27446 INTERCHANGE INCOME 522100 1994253 1994253 OTHER NON INTEREST INC 522100 1534628 692180 842448 NET LOSS ON SALE OF LO 522100 -379860 -379860 63741706 4960632 4960632 6622 0 6622 6622 6622 10345186 10425252 -80066 -80066 -80066 68628894 62871812 869894 4887188 211097 61157 2952968 11722930 1023108 3163317 1401186 266528 132055 805443 1453471 2039309 3263809 1813826 105994 288595 13585013 2020437 165868 PROVISION FOR LOAN LOSS 5238443 VISA/ATM EXPENSE 1682238 LENDING EXPENSE 1495503 TAXES ON UBI 2919 2011083 56906297 149248019 214676273 996000 996000 1172847851 1160311657 1376156 1592707 29707514 18853910 10199376 10853604 27687147 22915339 2204949 4123016 62308617 63343709 1426868115 1478812305 15738943 13667999 50000000 1248815742 1240764681 1264554685 1304432680 X 0 0 0 0 162313430 174379625 162313430 174379625 1426868115 1478812305 X 11722597 408571 -64973 X 0 1 X 1 0 20000 0 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. 447379 447379 8385955 3925054 4460901 7657873 5133988 2523885 13216307 9794868 3421439 10853604 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1240764681 1240764681 X 68563921 -64973 -64973 68628894 0 68628894 56906297 0 56906297 0 56906297 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, 2019. THE CREDIT UNION'S 2016 THROUGH 2018 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: PASSTHROUGH BOOK/TAX DIFFERENCE -64,973. 1 CHILDRENS' MIRACLE NETWORK 205 WEST 700 S SALT LAKE CITY UT 84101 870387205 501(C)(3) 41340 ANNUAL NWCUA AUCTION DIRECTLY BENEFITTING CREDIT UNIONS FOR KIDS SUNSHINE DIVISION 687 N THOMPSON ST PORTLAND OR 97227 930429354 501(C)(3) 49470 SPONSORSHIP FOR WINTER WONDERLAND FUNDRAISING EVENT AND IZZY KIDS "SHOP WITH A COP" DOERNBECHER CHILDRENS HOSPITAL FOUNDATION 1121 SW SALMON ST PORTLAND OR 97205 930579589 501(C)(3) 17176 SUPPORT FOR CREDIT UNIONS FOR KIDS THROUGH SHOP FOR MIRACLES DONATION MERCY CORPS 45 SW ANKENY ST PORTLAND OR 97204 911148123 501(C)(3) 10000 ENONOMIC EQUITY ACROSS THE PACIFIC NORTHWEST PORTLAND RESCUE MISSION PO BOX 3713 PORTLAND OR 97208 930429004 501(C)(3) 9295 SUPPORT FOR FOOD, SHELTER, AND RECOVERY CARE FOR MEN, WOMEN AND CHILDREN OF THE HOMELESS OREGON COAST AQUARIUM 2820 SE FERRY SLIP RD NEWPORT OR 97365 930877807 501(C)(3) 6500 SUPPORT DONATION FOR THE EDUCATION AND SUPPORT OF AQUARIUMS IN OREGON GUIDE DOGS FOR THE BLIND INC 350 LOS RANCHITOS RD SAN RAFAEL CA 94903 941196195 501(C)(3) 10000 SUPPORT FOR INSTRUCTORS, PUPPY RAISERS AND VOLUTEERS TO RAISE HIGHLY QUALIFIED GUIDE DOGS FRIENDS OF TREES 3117 NE ML KING JR BLVD PORTLAND OR 97212 930999999 501(C)(3) 10000 SUPPORT DONATION FOR TO HELP THE ENVIRONMENT BY PLANTING TREES IN THE PORTLAND AREA 8 0 COLLEGE SCHOLARSHIPS 20 61157 PART I, LINE 2: THE BOARD OF DIRECTORS REVIEWS AND APPROVES LARGE DONATIONS MADE TO ORGANIZATIONS. THE BOARD OF DIRECTORS APPROVES AN ANNUAL BUDGET FOR COLLEGE SCHOLARSHIPS, AND THERE IS A SCHOLARSHIP COMMITTEE THAT INTERVIEWS CANDIDATES AND DECIDES HOW THE MONEY WILL BE USED. CANDIDATES SUBMIT AN APPLICATION, WRITE AN ESSAY AND MUST MEET MINIMUM GPA REQUIREMENTS. X 1 1 X X 0 1 0 ROBERT CORWIN CEO/PRESIDENT 521966 0 58583 0 412000 0 19600 0 6444 0 1018593 0 0 0 LAURIE WILSON SVP/CHIEF FINANCIAL OFFICER 234258 0 30717 0 0 0 105364 0 8681 0 379020 0 0 0 WENDY EDWARDS SVP/CHIEF ADMINISTRATIVE OFFICER 262725 0 30248 0 0 0 16775 0 6352 0 316100 0 0 0 TIMOTHY CLOUSE SVP/CHIEF INNOVATION OFFICER 217587 0 27839 0 0 0 35318 0 7184 0 287928 0 0 0 KELI MYERS SVP/CHIEF CREDIT OFFICER 204995 0 26512 0 0 0 14958 0 7758 0 254223 0 0 0 CHRISTOPHER GROSHKO SVP/CHIEF RETAIL OFFICER 206197 0 25615 0 0 0 14546 0 3644 0 250002 0 0 0 JOHN NICHOLS VP OF MARKETING 139137 0 17567 0 0 0 7953 0 5664 0 170321 0 0 0 SHANE RICHINS CONTROLLER 152328 0 10294 0 0 0 4797 0 8028 0 175447 0 0 0 MATTHEW RUSSELL FINANCIAL ADVISOR - LICENSED 50279 0 0 0 267650 0 19600 0 2610 0 340139 0 0 0 JERI MAHER MORTGAGE LOAN OFFICER - COMMISSIONED 32744 0 0 0 157082 0 13379 0 2856 0 206061 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - OCCASIONAL AIRFARE FOR SPOUSES ON CREDIT UNION OFFICIAL BUSINESS. THESE ITEMS WERE INCLUDED IN TAXABLE INCOME. PART I, LINE 4B THE PRESIDENT/CEO PARTICIPATED IN A 457(F) RETIREMENT PLAN. THE SVP/CHIEF FIANANCIAL OFFICER, SVP/CHIEF INNOVATION OFFICER AND THE SVP/CHIEF ADMINISTRATIVE OFFICER ALSO PARTICIPATED IN A 457(F) PLAN EFFECTIVE 12/1/2016. CONTRIBUTIONS IN THE AMOUNT OF $378,000 WERE MADE TO THE PLAN DURING 2019. DISTRIBUTIONS OF $400,000 FROM THE PLAN WERE PAID TO ROBERT CORWIN DURING 2019. 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 THOROUGHLY REVIEWED BY THE CFO AND CONTROLLER PRIOR TO FILING. 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 HUMAN RESOURCES 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 -64,973.