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SELCO COMMUNITY CREDIT UNION: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
SELCO COMMUNITY CREDIT UNION (EIN 93-0163693)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-10-25
IRS object ID
201632999349301183
Schema version
2015v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-10-25T17:31:32-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN910189318PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Moss Adams LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1805 SW Broadway Ste 1200AddressLine1Txt
CityPortlandCityNm
State AbbreviationORStateAbbreviationCd
ZIP97205ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN930163693EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SELCO Community Credit UnionBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSELCBusinessNameControlTxt
Phone5416868000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 7487AddressLine1Txt
CitySpringfieldCityNm
State AbbreviationORStateAbbreviationCd
ZIP97475ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTiffany WashingtonPersonNm
Person TitleSenior VP of FinancePersonTitleTxt
Phone5416868000PhoneNum
Signature2016-10-18SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRebecca GriffithPreparerPersonNm
PTINP01207510PTIN
Phone5032421447PhoneNum
Preparation2016-10-12PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJ Robert NewcombPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 7487AddressLine1Txt
CitySpringfieldCityNm
State AbbreviationORStateAbbreviationCd
ZIP97475ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$64,575,276GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website Addresswww.selco.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1936FormationYr
Legal Domicile StateORLegalDomicileStateCd
Activity Or MissionSELCO STRIVES TO PROVIDE FINANCIAL SERVICES THAT IMPROVE OUR MEMBERS' SOCIAL AND ECONOMIC CONDITION.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee389TotalEmployeeCnt
Total Volunteers11TotalVolunteersCnt
Total Gross UBI$469,826TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$46,098,409PYProgramServiceRevenueAmt
CY Program Service Revenue$48,362,697CYProgramServiceRevenueAmt
PY Investment Income$2,722,325PYInvestmentIncomeAmt
CY Investment Income$2,116,383CYInvestmentIncomeAmt
PY Other Revenue$6,060,942PYOtherRevenueAmt
CY Other Revenue$6,668,375CYOtherRevenueAmt
PY Total Revenue$54,881,676PYTotalRevenueAmt
CY Total Revenue$57,147,455CYTotalRevenueAmt
PY Grants And Similar Paid$57,653PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$61,965CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$19,631,730PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$21,267,474CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$21,924,290PYOtherExpensesAmt
CY Other Expenses$21,787,258CYOtherExpensesAmt
PY Total Expenses$41,613,673PYTotalExpensesAmt
CY Total Expenses$43,116,697CYTotalExpensesAmt
PY Revenues Less Expenses$13,268,003PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$14,030,758CYRevenuesLessExpensesAmt
Total Assets BOY$1,206,692,937TotalAssetsBOYAmt
Total Assets EOY$1,317,974,899TotalAssetsEOYAmt
Total Liabilities BOY$1,082,069,594TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,180,081,489TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$124,623,343NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$137,893,410NetAssetsOrFundBalancesEOYAmt
MissionSELCO strives to provide financial services that improve our members' social and economic condition.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescThe credit union paid over $3.9 million in dividends to members. Deposit accounts include savings, checking, money market accounts and certificates of deposit. As of December 31, 2015, deposits totaled $1.17 billion.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescThe credit union disbursed over $413 million in new loans to members. Loans include auto, home mortgage, home equity, credit card, and business loans. At December 31, 2015, loans outstanding totaled $1.01 billion.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescDuring 2015, the credit union provided financial planning services to approximately 3,350 members with assets under management of $250 million.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan OutstandingYes (1)LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document27355IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee389EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint VentureYes (1)InvestmentInJointVentureInd
Written Policy Or Procedure0WrittenPolicyOrProcedureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TIFFANY WASHINGTONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5416868000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11050 High StreetAddressLine1Txt
CityEugeneCityNm
State AbbreviationORStateAbbreviationCd
ZIP97401ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
Harold Welborn
President/Chairperson3.00Yes (X)Yes (X)$1,425$0$0
Jim Lindly
Vice President2.00Yes (X)Yes (X)$0$0$0
Kaye LeFrancq
Director2.00Yes (X)$0$0$0
Dick Metzler
Director2.00Yes (X)$1,003$0$0
Carol Beckley
Director2.00Yes (X)$0$0$0
Curt Heimuller
Director2.00Yes (X)$1,279$0$0
Jeanne Staton
Director2.00Yes (X)$1,032$0$0
J Robert Newcomb
CEO/Secretary60.00Yes (X)Yes (X)$1,091,625$0-$100,6105.00
Tiffany Washington
SVP Finance/Treasurer50.00Yes (X)$236,968$0$26,703
Craig Carpenter
SVP Lending/Business Solutions50.00$229,523$0$25,912Yes (X)
Edward Rubin
Investment Services Manager50.00$269,371$0$26,773Yes (X)
Steven Buel-McIntire
VP Admin/General Counsel50.00$222,262$0$24,108Yes (X)
Kirk Latourneau
VP Information Services50.00$191,736$0$21,368Yes (X)
Maro Paz
Senior Investment Advisor45.00$186,841$0$22,503Yes (X)
Timothy Booher
Mortgage Loan Officer45.00$178,075$0$21,330Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,611,140TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$68,087TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K20IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Prevedello Hettick
701 High Street Suite 107EugeneOR97401Web Marketing$1,200,075
McKenzie Commercial Contractors
865 W 2nd Avenue HEugeneOR97402Construction Contractor$983,171
InfoImage
141 Jefferson DriveMenlo ParkCA94025Statement Printing$413,665
Diebold Inc
PO Box 643543PittsburghPA15264ATM Servicing and Maintenance$342,322
Shelton-Turnbull Printers
PO Box 6989PortlandOR97228Printing$280,307
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K27CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
INTEREST ON LOANS522100$37,514,126$37,514,126
SERVICE CHARGES AND FE522100$10,848,571$10,565,861$282,710
FieldValueIRS element (for citing)
Total Program Service Revenue$48,362,697TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,420,840TotalRevenueColumnAmt
Unrelated Business Revenue$187,116UnrelatedBusinessRevenueAmt
Exclusion$2,233,724ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$121,359RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$31,302RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$90,057RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$90,057TotalRevenueColumnAmt
Exclusion$90,057ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$5,130,717SecuritiesAmt
Other$1,961,345OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$5,226,985SecuritiesAmt
Other$2,169,534OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$96,268SecuritiesAmt
Other-$208,189OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$304,457TotalRevenueColumnAmt
Related Or Exempt Func Income-$97,069RelatedOrExemptFuncIncomeAmt
Exclusion-$207,388ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INTERCHANGE INCOME900099$6,548,457$6,548,457
OTHER REVENUE900099$29,861$29,861
FieldValueIRS element (for citing)
Other Revenue Total$6,578,318OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$57,147,455TotalRevenueColumnAmt
Related Or Exempt Func Income$54,561,236RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$469,826UnrelatedBusinessRevenueAmt
Exclusion$2,116,393ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$31,965TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$30,000TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,514,860TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$14,521,314TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$1,094,226TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$2,491,729TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,645,345TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$43,951TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$109,091TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$206,280TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$2,415,225TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$3,481,833TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,600,563TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,339,623TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$233,733TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$3,872,000TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$227,522TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
LOAN SERVICING$2,611,445
PROVISION FOR LOAN LOSS$1,646,089
ASSOCIATION DUES$143,552
TAXES ON UBI$28,004

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,828,347TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$43,116,697TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$11,802,993BOYAmt
EOY$10,652,186EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$125,761,356BOYAmt
EOY$133,076,307EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$2,967,155BOYAmt
EOY$3,825,832EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$895,620,754BOYAmt
EOY$1,003,310,909EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$43,759,312LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$20,844,773LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$22,329,335BOYAmt
EOY$22,914,539EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$124,152,984BOYAmt
EOY$122,126,375EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$4,011,898BOYAmt
EOY$3,168,475EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$1,012,393BOYAmt
EOY$759,636EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$19,034,069BOYAmt
EOY$18,140,640EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,206,692,937BOYAmt
EOY$1,317,974,899EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$4,742,011BOYAmt
EOY$6,816,204EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$76,050BOYAmt
EOY$102,108EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$5,290,815BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,071,960,718BOYAmt
EOY$1,173,163,177EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,082,069,594BOYAmt
EOY$1,180,081,489EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$124,623,343BOYAmt
EOY$137,893,410EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$124,623,343BOYAmt
EOY$137,893,410EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,206,692,937BOYAmt
EOY$1,317,974,899EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$14,030,758ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$826,549NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$65,858OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,429,172OtherCostOrOtherBasisAmt
Book Value$5,429,172BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$22,314,672OtherCostOrOtherBasisAmt
Depreciation$8,276,720DepreciationAmt
Book Value$14,037,952BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,466,370OtherCostOrOtherBasisAmt
Depreciation$1,377,114DepreciationAmt
Book Value$89,256BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$14,549,098OtherCostOrOtherBasisAmt
Depreciation$11,190,939DepreciationAmt
Book Value$3,358,159BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$22,914,539TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
MEMBERS' SHARE AND SAVINGS ACCOUNTS$1,171,263,237
DEFERRED COMPENSATION LIABILITY$1,899,940
FieldValueIRS element (for citing)
Total Liability$1,173,163,177TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part IV, Line 2b:At December 31, 2015, the credit union maintained mortgage escrow accounts totaling $102,108.
Part X, Line 2:FIN 48 (ASC 740) FINANCIAL STATEMENT FOOTNOTE - THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2015 AND 2014. THE CREDIT UNION RECOGNIZES THE ACCRUAL OF INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS A TAX EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2015 AND 2014, IT RECOGNIZED NO MATERIAL INTEREST OR PENALTIES.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1Eugene 4J School DistrictBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 N Monroe AvenueAddressLine1Txt
CityEugeneCityNm
State AbbreviationORStateAbbreviationCd
ZIP97402ZIPCd
FieldValueIRS element (for citing)
Recipient EIN936000566RecipientEIN
IRC SectionEugene School DistIRCSectionDesc
Cash Grant$9,045CashGrantAmt
Purpose Of GrantClassroom supportPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeStudent ScholarshipsGrantTypeTxt
Recipient20RecipientCnt
Cash Grant$30,000CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationNo monitoring of classroom grants or student scholarships is performed.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsYes (X)TravelForCompanionsInd
Idemnification Gross Up PmtsYes (X)IdemnificationGrossUpPmtsInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
J Robert Newcomb
CEO/Secretary$709,059$0$307,471$0$75,095$0-$121,459$0$20,849$0$991,015$0$0$0
Tiffany Washington
SVP Finance/Treasurer$207,169$0$24,336$0$5,463$0$19,805$0$6,898$0$263,671$0$0$0
Craig Carpenter
SVP Lending/Business Solutions$203,851$0$23,889$0$1,783$0$19,014$0$6,898$0$255,435$0$0$0
Edward Rubin
Investment Services Manager$262,387$0$6,584$0$400$0$19,875$0$6,898$0$296,144$0$0$0
Steven Buel-McIntire
VP Admin/General Counsel$199,781$0$21,845$0$636$0$17,210$0$6,898$0$246,370$0$0$0
Kirk Latourneau
VP Information Services$173,535$0$17,617$0$584$0$14,470$0$6,898$0$213,104$0$0$0
Maro Paz
Senior Investment Advisor$186,299$0$0$0$542$0$15,605$0$6,898$0$209,344$0$0$0
Timothy Booher
Mortgage Loan Officer$176,690$0$855$0$530$0$14,432$0$6,898$0$199,405$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I, Line 1aTHE CREDIT UNION WILL PROVIDE AIRFARE FOR A TRAVEL PARTNER FOR EACH BOARD MEMBER TO ONE NATIONAL CONFERENCE WITHIN THE UNITED STATES PER YEAR. THE CREDIT UNION PROVIDES TAX GROSS-UP PAYMENTS TO ITS CEO. THESE BENEFITS ARE REPORTED AS TAXABLE INCOME FOR EACH INDIVIDUAL RECEIVING A BENEFIT.
Part I, Line 4bJ ROBERT NEWCOMB PARTICIPATES IN A 457(F) DEFERRED COMPENSATION AGREEMENT SUBJECT TO CONTINUOUS EMPLOYMENT. THE PLAN BENEFITS WILL BE PAID ON SEPTEMBER 19, 2017, AND SEPTEMBER 19, 2018. THE PLAN EARNINGS IN 2015 WERE -$141,344. TIFFANY WASHINGTON, CRAIG CARPENTER, STEVE MCINTIRE, AND KIRK LETOURNEAU PARTICIPATE IN A 457(F) DEFERRED COMPENSATION AGREEMENT SUBJECT TO CONTINUOUS EMPLOYMENT. THE PLAN BENEFITS WILL BE PAID IN JANUARY 2025. THERE WERE NO PLAN EARNINGS IN 2015.

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (2 entries)

Relationship With OrgRelationshipWithOrgTxtLoan PurposeLoanPurposeTxtLoan From OrganizationLoanFromOrganizationIndOriginal PrincipalOriginalPrincipalAmtBalance DueBalanceDueAmtDefaultDefaultIndBoard Or Committee ApprovalBoardOrCommitteeApprovalIndWritten AgreementWrittenAgreementInd
J Robert Newcomb
CEOSplit-Dollar Life InsuranceYes (X)$813,420$3,418,0190Yes (1)Yes (1)
J Robert Newcomb
CEOHome MortgageYes (X)$725,000$407,8130Yes (1)Yes (1)
FieldValueIRS element (for citing)
Total Balance Due$3,825,832TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 6The credit union is member owned.
Form 990, Part VI, Section A, line 7aThe board of directors is elected by a vote of the credit union's members.
Form 990, Part VI, Section A, line 7bRemoval of directors must be ratified by a vote of the credit union's members.
Form 990, Part VI, Section B, line 11Form 990 is reviewed by Senior Management.
Form 990, Part VI, Section B, line 12cDirectors file an annual conflict of interest statement. The credit union reports related party loans on the NCUA Call Report but otherwise relies on self-reporting to monitor ongoing transactions. Potential conflicts would be reviewed by the credit union's legal counsel. Restrictions imposed as the result of an actual conflict of interest depend on the nature of the conflict. There are no known conflicts and no restricions are currently in effect.
Form 990, Part VI, Section B, line 15aThe SELCO Community Credit Union Salary Administration Program methodology is designed to attract and retain top talent within the industry. One component of the Program is the utilization of salary survey data which provides guidance in establishing appropriate salary ranges and in determining annual base pay changes. Historically, the Credit Union Executive Society (CUES) Survey was used as a baseline for salary and compensation guidance for the Chief Executive Officer (CEO) and the Executive Team. The number of participants reporting CEO salaries has declined to a level that this survey no longer provides meaningful data. In lieu of relevant survey information, Human Resources compiles publically available Form 990 data to use for benchmarking. This data includes only state-chartered credit unions since federally-chartered credit unions are excluded from the requirement to file an individual Form 990. The benchmark data is provided to the Board of Directors each January to be used as a general comparison and guidance. Periodically, the Board may commission an external firm to provide benchmark data. During the CEO Performance Evaluation process, the Board meets in Executive Session to discuss CEO performance, review compensation benchmark data, and establish the appropriate compensation level. Compensation changes are documented in a Memo to the Payroll and Personnel file, which summarizes the meeting discussion and memorializes actions.
Form 990, Part VI, Section C, line 19Governing documents and the conflict of interest policy may be made available upon request. Annual financial statements are posted on the credit union's website and monthly statements are posted in each branch location.
Form 990, Part XI, line 9:PASSTHROUGH BOOK/TAX DIFFERENCES 65,858.

Schedule R IRS990ScheduleR

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdPredominant Income TypePredominantIncomeTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerIndOwnershipOwnershipPctUBI Code VUBICodeVAmt
Whistler Property Group LLC
925 Harlow RoadSpringfieldOR97477364687978Real Estate Holding CoORN/AExcluded-$118,471$1,0530Yes (1)0.10730
INOVA LLC
PO Box 7487EugeneOR97401272430222ConsultingORN/AUnrelated-$8,185$65,8530Yes (1)0.50000-$8,185

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1SELCO GROUP INCORPORATEDBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1925 Harlow RoadAddressLine1Txt
CitySpringfieldCityNm
State AbbreviationORStateAbbreviationCd
ZIP97477ZIPCd
FieldValueIRS element (for citing)
EIN930829603EIN
Primary ActivitiesInsurance agencyPrimaryActivitiesTxt
Legal Domicile StateORLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1SELCO COMMUNITY CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeCEntityTypeTxt
Share Of Total Income$73,605ShareOfTotalIncomeAmt
Share Of EOY Assets$1,124,363ShareOfEOYAssetsAmt
Ownership1.00000OwnershipPct
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsYes (1)ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
SELCO GROUP INCORPORATED
A$56,658FMV/CASH PAID
SELCO GROUP INCORPORATED
L$162,814FMV/CASH PAID
SELCO GROUP INCORPORATED
M$22,400FMV/CASH PAID
SELCO GROUP INCORPORATED
Q$30,019FMV/CASH PAID