2018-11-15T18:16:23-06:00 2017-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2017-01-01 930243503 UNITUS COMMUNITY CREDIT UNION UNIT 5034238839 PO BOX 1937 PORTLAND OR 972071937 GREG SPEAR SVP/CHIEF FINANCIAL OFFICER 5034238839 2018-11-15 1 WENDY CAMPOS P00448102 5032421447 2018-11-15 12.129.7.100 2018-11-15 17:40:19 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D054F4EF093A01A5BE70ECC55B3094991D2B5D96 2017 2019-02-21 02:37:17Z STEVEN STAPP PO BOX 1937 PORTLAND OR 972071937 52287697 0 X WWW.UNITUSCCU.COM X 1937 OR CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSE. 8 8 292 15 434979 276565 0 0 45551628 47920249 4121209 4216831 66692 35843 49739529 52172923 293801 311259 0 0 19061127 20840800 0 0 0 19698865 20645449 39053793 41797508 10685736 10375415 1047924794 1118025963 936962521 997736620 110962273 120289343 CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSE. 0 0 PROVIDE FINANCIAL SERVICES TO 89,993 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 0 0 1 0 0 0 1 1 1 0 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 16409 290 1 292 1 1 1 0 0 0 0 0 X 8 8 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X GREG SPEAR 5034238839 1300 SW 6TH AVENUE PORTLAND OR 97201 FRANK CHINN CHAIR/DIRECTOR 2.00 X X 0 0 0 SOMNATH BANERJEE VICE CHAIR/DIRECTOR 1.00 X X 0 0 0 WILL RADER SECRETARY/DIRECTOR 2.00 X X 0 0 0 GORDON AKESON DIRECTOR 1.00 X 0 0 0 SUSAN IGGULDEN DIRECTOR 1.00 X 0 0 0 RHONDA CRAMER DIRECTOR 1.00 X 0 0 0 MATTHEW MICETIC DIRECTOR 1.00 X 0 0 0 SUE IGGULDEN DIRECTOR 1.00 X 0 0 0 STEVEN STAPP PRESIDENT/CEO/TREASURER 55.00 X 498888 0 537413 JASON WERTS EVP/CHIEF OPERATIONS OFFICER 55.00 X 306020 0 102781 GREG SPEAR SVP/CHIEF FINANCIAL OFFICER 55.00 X 288963 0 109305 DAVID FEHRER VP/CHIEF INFORMATION OFFICER 55.00 X 227527 0 26591 BRIAN DEVEREUX VP/CHIEF LENDING OFFICER 55.00 X 218000 0 25757 GAYLE EVANS SVP/CHRO 55.00 X 201612 0 87746 LAURIE KRESL VP/CHIEF MARKETING OFFICER 55.00 X 192448 0 27357 JAMES ALEXANDER SVP/CRO 55.00 X 186378 0 69280 BRIAN ALFANO VP/CHIEF RETAIL OFFICER 55.00 X 171840 0 31871 KEVIN SMITH MANAGER - IT OPERATIONS 55.00 X 144926 0 23860 KEVIN MOON MRO 55.00 X 138681 0 19087 KEVIN THORNTON CONTROLLER 55.00 X 132876 0 19123 RONDA WAGNER AVP, CONSUMER LENDING 55.00 X 132300 0 18750 JOHN BACHMAN NETWORK ARCHITECT 55.00 X 119824 0 27925 2960283 0 1126846 28 0 1 0 CURRENCE LLC 16000 CHRISTENSEN RD SUITE 200 TUKWILA WA 98188 ELECTRONIC/CARD TRANSACTION SERVICES 1081131 JACK HENRY & ASSOCIATES INC 663 HWY 60 PO BOX 807 MONETT MO 65708 IT SOFTWARE SUPPORT 900401 INFOIMAGE 141 JEFFERSON DRIVE MENLO PARK CA 94025 CUSTOMER SERVICE 775334 COOK SECURITY GROUP 9225 NE CASCADES PARKWAY PORTLAND OR 97220 ATM SERVICE AND SECURITY 654436 AUGEO MARKETING 4300 COMMERCE COURT SUITE 240 LISLE IL 60532 VISA REWARDS SUPPORT 467998 42 INTEREST ON LOANS 522100 29449748 29449748 SERVICE CHARGES & FEES 522100 14398694 13980161 418533 MORTGAGE BANKING/LOAN 522100 4916778 4916778 DEFERRED LOAN FEE EARN 522100 -844971 -844971 47920249 4196235 4196235 135370 114774 20596 20596 20596 GAIN ON RETIREMENT INV 525100 19397 19397 PASSTHROUGH INCOME 518210 16446 16446 35843 52172923 47522312 434979 4215632 300259 11000 3309775 12596859 1089491 2367999 1476676 88902 111433 1035877 1007745 2180507 1527298 2675469 135469 2103497 1359189 133302 LOAN SERVICING 2218638 VISA SUPPORT 1920782 PROVISION FOR LOAN LOSS 1791840 UBI TAX BENEFIT 16702 2338799 41797508 97617321 111670704 535735 830833 902711 827468 741103210 804420919 1029743 1008887 23334276 15649271 7068315 7685005 176325846 166573976 9692926 10586990 13648987 14421181 1047924794 1118025963 12650585 16577582 924311936 981159038 936962521 997736620 X 0 0 23423471 23423471 87538802 96865872 110962273 120289343 1047924794 1118025963 X 10375415 -1048345 X 0 1 X 1 0 0 0 10000 10000 1 CREDIT UNION LEGISLATIVE ACTION FUND 13221 SW 68TH PARKWAY SUITE 400 TIGARD OR 97223 800043051 10000 PART I-A, LINE 1: THE CREDIT UNION HAS ONLY INDIRECT POLITICAL CAMPAIGN ACTIVITY: A CONTRIBUTION TO THE CREDIT UNION LEGISLATIVE ACTION FUND. 0 1001331 1001331 11533077 7452485 4080592 10324188 8196786 2127402 475680 475680 7685005 DEFERRED COMPENSATION PLANS 1345066 MEMBERS' SHARES 979813972 981159038 X 52153642 0 52153642 19281 19281 52172923 41847198 49690 49690 41797508 0 41797508 PART X, LINE 2: FIN 48 (ASC 740) UNCERTAIN TAX POSITIONS FOOTNOTE FROM FINANCIAL STATEMENTS - 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 THE 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, 2017 AND 2016. PART XI, LINE 4B - OTHER ADJUSTMENTS: PASSTHROUGH INCOME 19,281. PART XII, LINE 2D - OTHER ADJUSTMENTS: FEDERAL INCOME TAX EXPENSE 49,690. 1 PORTLAND ROSE FESTIVAL SPONSORSHIP 1020 SW NAITO PARKWAY PORTLAND OR 97204 930333036 501(C)(3) 91850 SPONSORED PORTLAND ROSE FESTIVAL COURT BEAVER SPORTS PROPERTIES 707 SW WASHINGTON ST STE 100 PORTLAND OR 97205 936022772 78000 DREAM COME TRUE PROGRAM, IN COLLABORATION WITH OREGON STATE ATHLETICS NORTHWEST CREDIT UNION FOUNDATION 18000 INTERNATIONAL BLVD SUITE 350 SEATAC WA 98188 911649328 501(C)(3) 21000 GENERAL SUPPORT CHILDREN'S MIRACLE NETWORK HOSPITALS 5710 MINERAL POINT RD MADISON WI 53705 931143339 501(C)(3) 15000 CREDIT UNION FOR KIDS/DOERNBECHER CHILDREN'S HOSPITAL WORLDWIDE FOUNDATION FOR CREDIT UNIONS INC PO BOX 2982 MADISON WI 53701 396093210 501(C)(3) 11000 GENERAL SUPPORT SCHOOLHOUSE SUPPLIES 2735 NE 82ND AVE PORTLAND OR 97220 204223437 501(C)(3) 7600 CELEBRITY SPELLING BEE, TOOLS FOR SCHOOLS CHILDREN'S CANCER ASSOCIATION 1200 NW NAITO PARKWAY STE 140 PORTLAND OR 97209 931181662 501(C)(3) 5750 GENERAL SUPPORT THROUGH DREAM COME TRUE PROGRAM OHSU DOERNBECHER CHILDREN'S HOSPITAL FOUNDATION 1121 SW SALMON ST 201 PORTLAND OR 97205 931077745 501(C)(3) 5000 GENERAL SUPPORT REDWOOD CREDIT UNION FUND 3033 CLEVELAND AVE SUITE 100 SANTA ROSA CA 95403 475084832 501(C)(3) 5000 GENERAL SUPPORT 8 1 ACADEMIC SCHOLARSHIPS - BASED ON GPA/POTENTIAL IN CHOSEN FIELD AND COMMUNITY 5 5000 NEED-BASED SCHOLARSHIPS - BASED ON FINANCIAL NEED, SCHOLASTIC STANDING AND COMMUNITY INVOLVEMENT 5 5000 COMMUNITY INVOLVEMENT SCHOLARSHIPS - BASED ON COMMUNITY INVOLVEMENT 1 1000 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/CEO/TREASURER 465701 0 23587 0 9600 0 533327 0 4086 0 1036301 0 0 0 JASON WERTS EVP/CHIEF OPERATIONS OFFICER 266206 0 39814 0 0 0 89700 0 13081 0 408801 0 0 0 GREG SPEAR SVP/CHIEF FINANCIAL OFFICER 247765 0 41198 0 0 0 91600 0 17705 0 398268 0 0 0 DAVID FEHRER VP/CHIEF INFORMATION OFFICER 207527 0 20000 0 0 0 8886 0 17705 0 254118 0 0 0 BRIAN DEVEREUX VP/CHIEF LENDING OFFICER 193362 0 24638 0 0 0 17841 0 7916 0 243757 0 0 0 GAYLE EVANS SVP/CHRO 179312 0 22300 0 0 0 70041 0 17705 0 289358 0 0 0 LAURIE KRESL VP/CHIEF MARKETING OFFICER 173312 0 19136 0 0 0 15388 0 11969 0 219805 0 0 0 JAMES ALEXANDER SVP/CRO 166716 0 19662 0 0 0 61364 0 7916 0 255658 0 0 0 BRIAN ALFANO VP/CHIEF RETAIL OFFICER 153573 0 18267 0 0 0 14166 0 17705 0 203711 0 0 0 KEVIN SMITH MANAGER - IT OPERATIONS 127007 0 17919 0 0 0 11891 0 11969 0 168786 0 0 0 KEVIN MOON MRO 138681 0 0 0 0 0 11171 0 7916 0 157768 0 0 0 KEVIN THORNTON CONTROLLER 114422 0 18454 0 0 0 11207 0 7916 0 151999 0 0 0 RONDA WAGNER AVP, CONSUMER LENDING 116269 0 16031 0 0 0 10834 0 7916 0 151050 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. LAURIE KRESL VP AUTO X 13000 0 0 0 1 LAURIE KRESL VP MORTGAGE X 320000 268341 0 1 1 GAYLE EVANS CHIEF HUMAN RESOURCE OFFICER MORTGAGE X 281000 0 0 1 1 JAMES ALEXANDER CHIEF INTERNAL AUDITOR MORTGAGE X 278150 252962 0 1 1 BRIAN ALFANO VP MORTGAGE X 315020 306165 0 1 1 827468 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 CONTROLLER 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 INTERNAL AUDITOR, 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 -979,374. OTHER COMPREHENSIVE INCOME -19,281. BOOK TO TAX DIFFERENCES -49,690.