2017-11-14T17:00:54-06:00 2016-12-31 910189318 Moss Adams LLP 805 SW Broadway Ste 1200 Portland OR 97205 990 2016-01-01 930243503 Unitus Community Credit Union UNIT 5034238839 PO Box 1937 Portland OR 972071937 Greg B Spear VP of Finance/CFO 5034238839 2017-11-14 1 Wendy Campos P00448102 5032421447 2017-11-13 12.129.7.100 2017-11-14 13:20:55 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D054F4EF093A01A5BE70ECC55B3094991D2B5D96 2016 2018-03-14 21:41:22Z Steven Stapp PO Box 1937 Portland OR 972071937 53400838 0 X www.unitusccu.com X 1937 OR Credit union operated without profit for mutual purpose. 6 6 289 15 447336 105665 0 0 42759448 45551628 4485799 4121209 64868 66692 47310115 49739529 110072 293801 0 0 18542299 19061127 0 0 0 19592869 19698865 38245240 39053793 9064875 10685736 979346809 1047924794 877734987 936962521 101611822 110962273 Credit union operated without profit for mutual purpose. 0 0 Provide financial services to 87,159 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 14746 0 1 289 1 1 1 0 0 0 0 0 X 6 6 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Greg B Spear 5034238839 1300 SW 6th Avenue Portland OR 97201 Jim Lewis Chair 2.00 X X 0 0 0 Frank Chinn Vice Chair 1.00 X X 0 0 0 Luke Watson Secretary 2.00 X X 0 0 0 Gordon Akeson Director 1.00 X 0 0 0 Tom Faulkner Director 1.00 X 0 0 0 Don Mason Director 1.00 X 0 0 0 Scott Thompson Director 1.00 X 0 0 0 Susan Iggulden CHAIR 2.00 X 0 0 0 Will Rader Director 1.00 X 0 0 0 PATRICIA E SMITH President/CEO/Treasurer 55.00 X 1030564 0 31704 Steven Stapp President/CEO/Treasurer 55.00 X 146058 0 3947 Greg Spear VP of Finance/CFO 55.00 X 295101 0 101904 Jason Werts COO 55.00 X 288117 0 108303 James Alexander Chief Internal Auditor 55.00 X 178431 0 66874 Gayle Evans Chief Human Resources Officer 55.00 X 202289 0 87177 Brian Devereux VP of Lending 55.00 X 202242 0 23275 Laurie Kresl VP of Planning & Business 55.00 X 186054 0 26689 Brian Alfano VP of Member Services 55.00 X 177032 0 31665 Brian Irvine VP of Information Technolo 55.00 X 148267 0 18661 Kevin Smith Network Operations Manager 55.00 X 134750 0 21953 Bradley Goodenough MRO 55.00 X 122056 0 17485 Kevin Moon MRO 55.00 X 139448 0 15674 Kevin Thornton Controller 55.00 X 114357 0 17622 3364766 0 572933 24 0 1 0 Currence 16000 Christensen Rd Suite 200 Tukwila WA 98188 Electronic/Card Transaction Services 915840 BIT 710 SW 34th St Renton WA 98057 Mailing Services 639692 Jack Henry & Associates Inc 663 Hwy 60 PO Box 807 Monett MO 65708 IT Software Support 500992 First Choice NW 6700 SW 105th Ave Suite 200 Beaverton OR 97008 Appraiser 459985 Augeo Marketing 1620 Bond St Naperville IL 60563 VISA Rewards Support 445826 36 Interest On Loans 522100 25670088 25670088 Service Charges & Fees 522100 13902514 13521870 380644 Mortgage Banking/Loan 522100 5979026 5979026 45551628 4100578 4100578 3681940 3661309 20631 20631 20631 Passthrough Income 900099 66692 66692 66692 49739529 45170984 447336 4121209 282801 11000 3627424 11432413 611911 2107320 1282059 58704 80684 931986 889961 1990368 1424911 2439395 90461 2258 2199968 1202198 144914 Loan Servicing 2502260 VISA Support 1868766 Provision For Loan Loss 1492603 UBI Tax Benefit 3000 2376428 39053793 69091187 97617321 576828 535735 1402988 902711 666186395 741103210 866228 1029743 21358397 14290082 7174395 7068315 212265981 176325846 9212516 9692926 12570291 13648987 979346809 1047924794 10294588 12650585 8000000 0 859440399 924311936 877734987 936962521 X 0 0 23423471 23423471 78188351 87538802 101611822 110962273 979346809 1047924794 X 10685736 -1335285 X 0 1 X 1 0 10000 10000 10000 1 Credit Union Legislative Action Fund PO Box 1900 Beaverton OR 970751900 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 11416777 6768251 4648526 8682572 7521831 1160741 257717 257717 7068315 Deferred Compensation Plans 2941649 Members' Shares 921370287 924311936 X 49683373 0 49683373 56156 56156 49739529 39053793 0 39053793 0 39053793 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, 2016 AND 2015. Part XI, Line 4b - Other Adjustments: PASSTHROUGH INCOME 56,156. 1 Children's Miracle Network 205 W 700 S Salt Lake City UT 84101 870387205 501(c)(3) 20000 Credit Union for Kids/Doernbecher Children's Hospital Schoolhouse Supplies 2735 NE 82nd Ave Portland OR 97220 204223437 501(c)(3) 7600 Celebrity Spelling Bee, Tools for Schools PORTLAND ROSE FESTIVAL SPONSORSHIP 1020 SW NAITO PARKWAY PORTLAND OR 97204 930333036 501(c)(3) 90000 SPONSORED PORTLAND ROSE FESTIVAL COURT BEAVER SPORTS PROPERTIES 707 SW WASHINGTON ST STE 500 PORTLAND OR 97205 936022772 60000 DREAMS COME TRUE PROGRAM THROUGH OREGON STATE UNIVERSITY ATHLETICS DOERNBECHER CHILDREN'S HOSPITAL FOUNDATION 1121 SW SALMON ST STE 100 PORTLAND OR 97205 930579589 501(c)(3) 20000 GENERAL SUPPORT Children's Cancer Association 1200 NW Naito Parkway Ste 140 PORTLAND OR 97209 931181662 501(c)(3) 5000 GENERAL SUPPORT THROUGH DREAM COME TRUE PROGRAM WORLD COUNCIL OF CREDIT UNION 5710 MINERAL POINT RD MADISON WI 53705 931143339 501(c)(3) 5000 GENERAL SUPPORT 6 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 1 1 0 PATRICIA E SMITH President/CEO/Treasurer 446151 0 135021 0 449392 0 21200 0 10504 0 1062268 0 440000 0 Steven Stapp President/CEO/Treasurer 143493 0 0 0 2565 0 0 0 3947 0 150005 0 0 0 Greg Spear VP of Finance/CFO 239171 0 55930 0 0 0 89300 0 12604 0 397005 0 0 0 Jason Werts COO 233026 0 55091 0 0 0 91200 0 17103 0 396420 0 0 0 James Alexander Chief Internal Auditor 150205 0 28226 0 0 0 59181 0 7693 0 245305 0 0 0 Gayle Evans Chief Human Resources Officer 170112 0 32177 0 0 0 70074 0 17103 0 289466 0 0 0 Brian Devereux VP of Lending 167006 0 35236 0 0 0 15582 0 7693 0 225517 0 0 0 Laurie Kresl VP of Planning & Business 157273 0 28781 0 0 0 15135 0 11554 0 212743 0 0 0 Brian Alfano VP of Member Services 148103 0 28929 0 0 0 14562 0 17103 0 208697 0 0 0 Brian Irvine VP of Information Technolo 105839 0 0 0 42428 0 8684 0 9977 0 166928 0 0 0 Kevin Smith Network Operations Manager 122533 0 12217 0 0 0 10399 0 11554 0 156703 0 0 0 Kevin Moon MRO 139448 0 0 0 0 0 7981 0 7693 0 155122 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, Lines 4a-b 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. BRIAN IRVINE RECEIVED A LUMP SUM SEVERANCE PAYMENT OF $42,428 SUBJECT TO A RELEASE OF ALL CLAIMS after no longer associated with THE CREDIT UNION ON 7/31/16. Laurie Kresl VP Auto X 12617 4346 0 0 1 Laurie Kresl VP Mortgage X 302000 266869 0 1 1 Gayle Evans VP Home Equity Loan X 50000 36588 0 1 1 Gayle Evans VP Mortgage X 281000 243507 0 1 1 Nicole Alfano Spouse of VP Home Equity Loan X 48908 43619 0 1 1 Nicole Alfano Spouse of VP Auto X 40613 28709 0 0 1 James Alexander Chief Internal Auditor Mortgage X 278150 271739 0 1 1 James Alexander Chief Internal Auditor Auto X 27148 7334 0 0 1 902711 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 -1,284,129. Other Comprehensive Income -56,156. Additional Contributions 5,000.