2018-11-13T18:08:30-06:00 2017-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2017-01-01 930251640 ADVANTIS CREDIT UNION ADVA 5037852528 9200 SE SUNNYBROOK BLVD NO 300 CLACKAMAS OR 97015 LAURIE WILSON SVP/CHIEF FINANCIAL OFFICER 5037852528 2018-11-13 1 WENDY CAMPOS P00448102 5032421447 2018-11-07 12.129.7.100 2018-11-13 12:33:42 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 CEB32098E0DA78823741A708D31426FEC07C0BDB 2017 2019-02-21 02:37:17Z PATRICK HAGER 9200 SE SUNNYBROOK BLVD NO 300 CLACKAMAS OR 97015 68420484 0 X WWW.ADVANTISCU.ORG X 1928 OR PROVIDING FINANCIAL SERVICES TO MEMBERS 9 9 270 15 846020 -261155 0 0 56252422 59914152 1527530 2720144 5857 6524 57785809 62640820 108150 128690 0 0 15338628 17195723 0 0 0 31880757 36092315 47327535 53416728 10458274 9224092 1319728290 1372660012 1177792075 1221104947 141936215 151555065 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 73,153 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 26392 0 1 270 1 1 1 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 AMANDA OWINGS CHAIR 2.00 X X 0 0 0 ANDY DOLBERG VICE CHAIR 2.00 X X 0 0 0 TAMMY TESKE SECRETARY/TREASURER 2.00 X X 0 0 0 TARUN GUDZ DIRECTOR 2.00 X 0 0 0 PATRICK HAGER DIRECTOR 2.00 X 0 0 0 RENEE HALPERN DIRECTOR 2.00 X 0 0 0 ROGER HEDIGER DIRECTOR 2.00 X 0 0 0 JAKE JENSEN DIRECTOR 2.00 X 0 0 0 RICK VEIRA DIRECTOR 2.00 X 0 0 0 FREDERIC DUPEYROUX ASSOCIATE DIRECTOR 2.00 X 0 0 0 LIZ GOOD ASSOCIATE DIRECTOR 2.00 X 0 0 0 ROBERT CORWIN CEO/PRESIDENT 45.00 X 552793 0 26150 LAURIE S WILSON SVP/CHIEF FINANCIAL OFFICER 45.00 X 248825 0 23555 TIMOTHY J CLOUSE SVP/CHIEF INNOVATION OFFICER 45.00 X 231388 0 22111 WENDY G EDWARDS SVP/CHIEF ADMINISTRATIVE OFFICER 45.00 X 250523 0 21698 CHRISTOPHER GOSHKO SVP/CHIEF RETAIL OFFICER 45.00 X 120431 0 5332 KELI MYERS SVP/CHIEF CREDIT OFFICER 45.00 X 199341 0 21488 JOHN NICHOLS VP OF MARKETING 40.00 X 116876 0 12003 JERI C MAHER MORTGAGE LOAN OFFICER - COMMISSIONED 54.00 X 272136 0 21867 MATTHEW RUSSELL FINANCIAL ADVISOR - LICENSED 45.00 X 178206 0 15564 CLIFFORD BRADY COMMERCIAL RE LOAN ORIGINATOR 40.00 X 123046 0 12958 ALAINA BALWIN MORTGAGE LOAN OFFICER - COMMISSIONED 42.00 X 124370 0 9249 JOHNATHAN WEITZ DIRECTOR OF RETAIL BRANCHES 40.00 X 122346 0 10148 2540281 0 202123 18 0 1 0 ALKAMI TECHNOLOGY INC 5601 GRANITE PKWY 120 PLANO TX 75024 DIGITAL AND ONLINE BANKING 715382 AFFILIATED MEDIA LLC 3858 NW DEVOTO LN PORTLAND OR 97229 MEDIA AND ADVERTISING 540043 FISERV INC 4550 SW MACADAM AVE PORTLAND OR 94239 MAINTENANCE 523239 NORDISK SYSTEMS INC 6400 SE LAKE RD 450 MILWAUKIE OR 97222 MAINTENANCE 496530 LOOMIS ARMORED US LLC 6645 N ENSIGN ST PORTLAND OR 97217 ATM 398656 32 LOANS 522100 47170378 47170378 INTERCHANGE INCOME 522100 4654190 4654190 SERVICE CHARGES AND FE 522100 4099000 4057746 41254 NET GAIN ON SALE OF LO 522100 2115549 2115549 OTHER NON INTEREST INC 522100 1875035 1159737 715298 59914152 2334285 89468 2244817 6524 0 6524 6524 6524 6165523 5779664 385859 385859 385859 62640820 59157600 846020 2637200 98690 30000 1852513 10443091 1293435 2392826 1213858 165460 114482 1068867 1268445 1233044 3459482 1636951 98961 232162 9093325 2156383 230566 PROVISION FOR LOAN LOSS 7817019 VISA/ATM EXPENSE 4318699 LENDING EXPENSE 1362034 TAXES ON UBI 6965 1829470 53416728 143399670 107962326 1743000 996000 1043448179 1153866557 737655 1110406 25447207 14467919 9436727 10979288 44917175 34526040 3444336 2941449 72601548 60277946 1319728290 1372660012 6093604 13111573 20000000 20000000 1151698471 1187993374 1177792075 1221104947 X 0 0 0 0 141936215 151555065 141936215 151555065 1319728290 1372660012 X 9224092 214131 180627 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 0 PART I-A, LINE 1: THE CREDIT UNION'S ONLY POLITICAL ACTIVITY IS CONTRIBUTIONS TO THE CREDIT UNION LEGISLATIVE ACTION FUND. 447379 447379 8628349 3660400 4967949 5438765 3636748 1802017 10932714 7170771 3761943 10979288 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1187993374 1187993374 X 62821447 180627 180627 62640820 0 62640820 53416728 0 53416728 0 53416728 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, 2017. THE CREDIT UNION'S 2014 THROUGH 2016 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: PASSTHROUGH BOOK/TAX DIFFERENCE 180,627. 1 SUNSHINE DIVISION 687 N THOMPSON ST PORTLAND OR 97227 930429354 501(C)(3) 31400 SPONSOR WINTER WONDERLAND, IZZY KIDS COMMUNITY & GENERAL SUPPORT CHILDRENS' MIRACLE NETWORK HOSPITALS 205 W 700 S SALT LAKE CITY UT 84101 870387205 501(C)(3) 10000 DOERNBECHER CHILDREN'S HOSPITAL "SHOP FOR MIRACLES" DAY EPISCOPAL LAYMANS MISSION DBA WILLIAM TEMPLE HOUSE 2023 NW HOYT ST PORTLAND OR 97209 930559964 501(C)(3) 9790 PURCHASE A GRAB-AND-GO FREEZER AND TWO FRUIT AND VEGETABLE STANDS THE DOUGY CENTER PO BOX 86852 PORTLAND OR 97286 930833241 501(C)(3) 5500 PRINT AND DISTRIBUTE A TEEN GRIEF JOURNAL FOR FAMILIES AT THE DOUGY CENTER ROSE HAVEN CIC PO BOX 10405 PORTLAND OR 97296 205922682 501(C)(3) 10000 SUPPLIES FOR ROSE HAVEN'S NEW SHOWER FACILITIES FOR WOMEN AND CHILDREN CHELSEA HICKS FOUNDATION 14865 SW 74TH AVE STE 240 PORTLAND OR 97224 270869273 501(C)(3) 6000 CHELSEA'S CLOSET'S TRAVELLING THERAPEUTIC ACTIVE DRESS-UP AND PLAY PROGRAM FRIENDS OF THE CHILDREN 44 NE MORRIS ST PORTLAND OR 97212 931098105 501(C)(3) 10000 TRANSFORMED OFFICES INTO A DEDICATED YOUTH-STUDY SPACE AT THE NE HEADQUARTERS LGBTQ COMMUNITY CENTER FUND 4155 N MISSISSIPPI AVE PORTLAND OR 97217 200038065 501(C)(3) 6000 REPLACED MORE THAN 100 FLORESCENT LIGHTS WITH ENERGY SAVING LEDS NORTHWEST CREDIT UNION ASSOCIATION 33301 9TH AVE S ST 200 FEDERAL WAY WA 98003 910460483 501(C)(6) 10000 CREDIT UNIONS FOR KIDS BENEFITING DOERNBECHER CHILDREN'S HOSPITAL 8 1 COLLEGE SCHOLARSHIPS 12 30000 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 476290 0 76503 0 0 0 18900 0 7250 0 578943 0 0 0 LAURIE S WILSON SVP/CHIEF FINANCIAL OFFICER 206996 0 41829 0 0 0 13814 0 9741 0 272380 0 0 0 TIMOTHY J CLOUSE SVP/CHIEF INNOVATION OFFICER 192721 0 38667 0 0 0 13766 0 8345 0 253499 0 0 0 WENDY G EDWARDS SVP/CHIEF ADMINISTRATIVE OFFICER 207990 0 42533 0 0 0 14618 0 7080 0 272221 0 0 0 KELI MYERS SVP/CHIEF CREDIT OFFICER 175259 0 24082 0 0 0 12584 0 8904 0 220829 0 0 0 JERI C MAHER MORTGAGE LOAN OFFICER - COMMISSIONED 41839 0 0 0 230297 0 18283 0 3584 0 294003 0 0 0 MATTHEW RUSSELL FINANCIAL ADVISOR - LICENSED 23040 0 0 0 155166 0 12542 0 3022 0 193770 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. NO DISTRIBUTIONS WERE MADE FROM THE PLAN IN 2017. CONTRIBUTIONS IN THE AMOUNT OF $684,431 WERE MADE TO THE PLAN DURING 2017. 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 180,627.