2017-11-15T17:39:35-06:00 2016-12-31 910189318 Moss Adams LLP 805 SW Broadway Ste 1200 Portland OR 97205 990 2016-01-01 930251640 Advantis Credit Union ADVA 5037852528 9200 SE Sunnybrook Blvd No 300 Clackamas OR 97015 LAURIE WILSON SVP/Chief Financial Officer 5037852528 2017-11-15 1 Wendy Campos P00448102 5032421447 2017-11-14 12.129.7.100 2017-11-15 11:03:40 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D054F4EF093A01A5BE70ECC55B3094991D2B5D96 2016 2017-02-10 21:41:12Z PATRICK HAGER 9200 SE Sunnybrook Blvd No 300 Clackamas OR 97015 61664092 0 X WWW.ADVANTISCU.ORG X 1928 OR PROVIDING FINANCIAL SERVICES TO MEMBERS 9 9 252 13 903437 -191960 0 0 51618045 56252422 1459704 1527530 6895 5857 53084644 57785809 98065 108150 0 0 14018330 15338628 0 0 0 27080862 31880757 41197257 47327535 11887387 10458274 1226519011 1319728290 1095370196 1177792075 131148815 141936215 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 67,615 MEMBERS. SERVICES INCLUDE SHARE DEPOSITS AND LOANS TO MEMBERS. 0 0 1 0 0 0 0 0 0 1 0 0 1 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 25368 0 1 252 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 PATRICK HAGER Chair 2.00 X X 0 0 0 Amanda Owings Vice Chair 2.00 X X 0 0 0 Andy Dolberg Secretary/Treasurer 2.00 X X 0 0 0 CAROLYN BENOLKEN 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 Jacob V Jensen Director 2.00 X 0 0 0 Tammy Teske Director 2.00 X 0 0 0 Robert G Pearson Director 2.00 X 0 0 0 Rick Veira Associate Director 2.00 X 0 0 0 Tarun Gudz Associate Director 2.00 X 0 0 0 Robert Corwin CEO/President 40.00 X 519606 0 25135 Timothy J Clouse SVP/Chief Innovation Officer 40.00 X 217097 0 19685 Wendy G Edwards SVP/Chief Administrative Officer 40.00 X 243546 0 20850 S Griffith O'Brien SVP/Chief Membership Officer 40.00 X 202388 0 20796 Keli Myers SVP/Chief Credit Officer 40.00 X 183080 0 15367 Laurie S Wilson SVP/Chief Financial Officer 40.00 X 237434 0 22356 Matthew Russell Financial Advisor - Licensed 40.00 X 286291 0 18084 Alaina C Baldwin Mortgage Loan Officer - Commissioned 54.00 X 154504 0 11398 Jeri C Maher Mortgage Loan Officer - Commissioned 54.00 X 368647 0 21817 John Stevenson Controller 40.00 X 123854 0 11371 Brady Clifford Commercial Loan Originator 40.00 X 128747 0 12805 2665194 0 199664 16 0 1 0 FISERV 4550 SW Macadam Ave Portland OR 94239 Maintenance Services 692654 Loomis PO BOX 94600 Seattle WA 97124 ATM CASH SERVICES 332213 Equifax PO BOX 403562 Atlanta GA 30348 Credit Bureau Reports 289093 Integra Telecom PO BOX 2966 Milwaukee WI 53201 Maintenance Services 244128 Secondary Marketing Resources 55 Cottage St Wellesley MA 02482 Maintenance Services 227266 6 LOANS 522100 42049430 42049430 NET GAIN ON SALE OF LO 522100 4909755 4909755 Interchange Income 522100 4415379 4415379 SERVICE CHARGES AND FE 522100 3722175 3679715 42460 OTHER NON INTEREST INC 522100 1155683 379029 776654 56252422 1423438 84323 1339115 5857 0 5857 5857 5857 3982375 3878283 104092 104092 105600 -1508 57785809 55538908 903437 1343464 76900 31250 1727331 9439669 968089 2134101 1069438 141688 129825 1029931 1072644 1185908 2972610 1338169 95888 256207 8574835 1806147 200105 Provision for Loan Loss 5393778 VISA/ATM Expense 4303850 Lending Expense 1542215 TAXES ON UBI 7700 1829257 47327535 83887143 143399670 6225000 1743000 1001058543 1043448179 627787 737655 21795344 12358617 10240051 9436727 55635823 44917175 3848718 3444336 64995946 72601548 1226519011 1319728290 5225575 6093604 30000000 20000000 1060144621 1151698471 1095370196 1177792075 X 0 0 0 0 131148815 141936215 131148815 141936215 1226519011 1319728290 X 10458274 1112 328014 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 8524216 3303847 5220369 4621408 2983612 1637796 8202341 6071158 2131183 9436727 LOANS HELD FOR SALE 20295621 Other Assets 4218781 NATIONAL CREDIT UNION SHARE Insurance Fund 10089965 Accrued Interest Receivable 3097822 SERVICING RIGHTS 8443443 LIFE INSURANCE POLICIES 26455916 72601548 Members' Share and Savings Accounts 1151698471 1151698471 X 58113823 328014 328014 57785809 0 57785809 47327535 0 47327535 0 47327535 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, 2016. The Credit Union's 2012 through 2015 tax years are open for examination by federal and state taxing authorities. Part XI, Line 2d - Other Adjustments: PASSTHROUGH BOOK/TAX DIFFERENCE 328,014. 1 Sunshine Division 687 N THOMPSON ST portland OR 97227 930429354 501(C)(3) 8300 1200 General Support and Tuna Donation Central City Concern 232 NW 6th Avenue Portland OR 97209 232841032 501(C)(3) 10000 Improve environment for women & children living at the Letty Owings Center - New furniture, freezer, safe toy storage. Kinship House 1823 NE 8th Avenue Portland OR 97212 931180331 501(C)(3) 10000 Grant was used to create an art therapy room for children Shadow Project 2154 NE Broadway Portland OR 97232 651166066 501(C)(3) 10000 Grant provided books for over 400 children at 8 high-needs schools IQ Credit Union 615-A Chkalov Drive Vancouver WA 98683 910576399 501(c)(14) 7400 Sponsorship CU for Kids - Doernbechers First Tech Credit Union 1335 Terra Bella Ave Mountain View CA 94043 930412056 501(c)(1) 15000 Sponsorship CU for Kids Childrens' Miracle Network Hospitals 205 West 700 South Salt Lake City UT 84101 870387205 501(c)(3) 10000 Sponsorship CU for Kids 5 2 COLLEGE SCHOLARSHIPS 13 31250 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 452053 0 67553 0 0 0 18550 0 6585 0 544741 0 0 0 Timothy J Clouse SVP/Chief Innovation Officer 188437 0 28660 0 0 0 12330 0 7355 0 236782 0 0 0 Wendy G Edwards SVP/Chief Administrative Officer 209854 0 33692 0 0 0 14427 0 6423 0 264396 0 0 0 S Griffith O'Brien SVP/Chief Membership Officer 177167 0 25221 0 0 0 12170 0 8626 0 223184 0 0 0 Keli Myers SVP/Chief Credit Officer 175218 0 7862 0 0 0 7333 0 8034 0 198447 0 0 0 Laurie S Wilson SVP/Chief Financial Officer 203844 0 33590 0 0 0 13586 0 8770 0 259790 0 0 0 Matthew Russell Financial Advisor - Licensed 24472 0 0 0 261819 0 15297 0 2787 0 304375 0 0 0 Alaina C Baldwin Mortgage Loan Officer - Commissioned 58524 0 0 0 95980 0 10815 0 583 0 165902 0 0 0 Jeri C Maher Mortgage Loan Officer - Commissioned 76879 0 0 0 291768 0 18550 0 3267 0 390464 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 2016. CONTRIBUTIONS IN THE AMOUNT OF $432,117 WERE MADE TO THE PLAN DURING 2016. 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 328,014.