2015-11-16T15:28:56-06:00 2014-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2014-01-01 930243503 UNITUS COMMUNITY CREDIT UNION UNIT 5032275571 PO BOX 1937 PORTLAND OR 972071937 GREG A SPEAR VP OF FINANCE/CFO 5032275571 2015-11-06 1 WENDY CAMPOS P00448102 5032421447 2014 2016-03-07 17:11:31Z PATRICIA E SMITH PO BOX 1937 PORTLAND OR 972071937 49989283 0 X WWW.UNITUSCCU.COM X 1937 OR CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSE. 7 7 326 15 401385 0 0 0 39039265 40212763 6116030 4447267 1205952 47135 46361247 44707165 96736 109877 0 0 17276391 17721240 0 0 0 26300972 21163588 43674099 38994705 2687148 5712460 933220786 928348117 851307015 835514434 81913771 92833683 CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSE. 0 0 PROVIDE FINANCIAL SERVICES TO 86,818 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 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 15547 0 1 326 1 1 1 0 0 0 0 0 X 7 7 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X GREG A SPEAR 5032275571 1300 SW 6TH AVENUE PORTLAND OR 97201 SUSAN IGGULDEN CHAIR 2.00 X X 0 0 0 JIM LEWIS VICE CHAIR 1.00 X X 0 0 0 LORA DAKIN 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 PATRICIA E SMITH PRESIDENT/CEO/TREASURER 55.00 X 3164833 0 254395 JASON WERTS COO 55.00 X 207499 0 31814 GREG SPEAR VP OF FINANCE/CFO 55.00 X 218596 0 21428 BRIAN IRVINE VP OF INFORMATION TECHNOLOGY/CIO 55.00 X 179492 0 29582 LAURIE KRESL VP OF PLANNING & BUSINESS 55.00 X 150101 0 22322 GAYLE EVANS VP OF HUMAN RESOURCES 55.00 X 157182 0 27927 BRIAN DEVEREUX VP OF LENDING 55.00 X 167143 0 23865 JAMES ALEXANDER CHIEF INTERNAL AUDITOR 55.00 X 136566 0 18396 BRIAN ALFANO VP OF MEMBER SERVICES 55.00 X 134059 0 22962 DAWN MCCARN AVP OF CREDIT SERVICES 55.00 X 112368 0 14836 KEVIN SMITH NETWORK OPERATIONS MANAGER 55.00 X 112054 0 24201 4739893 0 491728 11 0 1 0 CURRENCE 1600 CHRISTENSEN RD SUITE 100 TUKWILA WA 98188 ELECTRONIC/CARD TRANSACTION SERVICES 890286 BIT 710 SW 34TH ST RENTON WA 98057 MAILING SERVICES 664803 AUGEO MARKETING 1620 BOND ST NAPERVILLE IL 65063 VISA REWARDS SUPPORT 467753 CU CO-OP 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 ATM SUPPORT 340630 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 IT SOFTWARE SUPPORT 316643 27 INTEREST ON LOANS 522100 24263079 24263079 SERVICE CHARGES & FEES 522100 12915763 12561513 354250 MORTGAGE BANKING/LOAN SERVICING 522100 3033921 3033921 40212763 4396590 4396590 4903561 429234 4936740 345378 -33179 83856 50677 83003 -32326 PASSTHROUGH INCOME 900099 47135 47135 47135 44707165 39941516 401385 4364264 98877 11000 4656179 8908611 837013 2082235 1237202 78372 107161 9417 440048 769104 2111039 1174319 2405208 90687 94337 3727915 1249672 148226 PROVISION FOR LOAN LOSS 2740831 LOAN SERVICING 2603173 VISA SUPPORT 1868689 UBIT TAX REFUNDS -99328 1644718 38994705 155382132 73230818 467306 559945 1458654 1571359 554611191 598762680 1284207 1039670 19862672 12153551 8739023 7709121 193258123 222430530 11299591 11021816 6720559 12022178 933220786 928348117 6939570 6922689 15000000 15000000 829367445 813591745 851307015 835514434 X 0 0 23423471 23423471 58490300 69410212 81913771 92833683 933220786 928348117 X 5712460 -285356 5492808 X 0 1 X 1 0 10000 10000 10000 1 CREDIT UNION LEGISLATIVE ACTION FUND PO BOX 1900 BEAVERTON OR 97075 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 11023874 5366260 5657614 7832467 6787291 1045176 5000 5000 7709121 DEFERRED COMPENSATION PLANS 2503170 MEMBERS' SHARES 811088575 813591745 X PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE - 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. DURING THE YEAR ENDED DECEMBER 31, 2014, THE CREDIT UNION PAID A $3,156 LATE FILING PENALTY TO THE INTERNAL REVENUE SERVICE. DURING THE YEAR ENDED DECEMBER 31, 2013, NO INTEREST AND PENALTIES WERE RECOGNIZED. 1 CHILDREN'S MIRACLE NETWORK 205 W 700 S SALT LAKE CITY UT 84101 870387205 501(C)(3) 36200 CREDIT UNIONS FOR KIDS/DOERNBECHER CHILDREN'S HOSPITAL SCHOOLHOUSE SUPPLIES 2735 NE 82ND AVE PORTLAND OR 97220 204223437 501(C)(3) 10100 CELEBRITY SPELLING BEE/TOOLS FOR SCHOOLS 2 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 418813 0 0 0 2746020 0 243525 0 10870 0 3419228 0 2026760 0 JASON WERTS COO 207499 0 0 0 0 0 17049 0 14765 0 239313 0 0 0 GREG SPEAR VP OF FINANCE/CFO 218596 0 0 0 0 0 13907 0 7521 0 240024 0 0 0 BRIAN IRVINE VP OF INFORMATION TECHNOLOGY/CIO 179492 0 0 0 0 0 14817 0 14765 0 209074 0 0 0 LAURIE KRESL VP OF PLANNING & BUSINESS 150101 0 0 0 0 0 12304 0 10018 0 172423 0 0 0 GAYLE EVANS VP OF HUMAN RESOURCES 157182 0 0 0 0 0 13162 0 14765 0 185109 0 0 0 BRIAN DEVEREUX VP OF LENDING 167143 0 0 0 0 0 9100 0 14765 0 191008 0 0 0 JAMES ALEXANDER CHIEF INTERNAL AUDITOR 136566 0 0 0 0 0 10875 0 7521 0 154962 0 0 0 BRIAN ALFANO VP OF MEMBER SERVICES 134059 0 0 0 0 0 8197 0 14765 0 157021 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 DAWN MCCARN, KEY EMPLOYEE, RECEIVED $10,754 SEVERANCE PAY - INVOLUNTARY SEPARATION FROM SERVICE. THE CREDIT UNION MAINTAINED A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR THE BENEFIT OF PATRICIA SMITH, THE CEO, THAT BEGAN IN 2005 AND CONTRACTUALLY ENDED 2014. AFTER THE PLAN REACHED THE DISTRIBUTION DATE PER THE BOARD APPROVED PLAN, THE FUNDS WERE DISTRIBUTED TO THE CEO IN THE AMOUNT OF $2,734,920. OF THIS AMOUNT, $2,026,760 HAD BEEN ACCRUED AND EXPENSED IN PRIOR YEARS, SINCE PLAN INCEPTION. LAURIE KRESL VP AUTO X 12617 7613 0 0 1 LAURIE KRESL VP MORTGAGE X 302000 273209 0 1 1 BRIAN IRVINE VP HOME EQUITY LOAN X 26500 21640 0 1 1 BRIAN IRVINE VP AUTO X 41880 28458 0 0 1 BRIAN IRVINE VP MORTGAGE X 196000 177971 0 1 1 BRIAN IRVINE VP MORTGAGE X 465500 464783 0 1 1 GAYLE EVANS VP AUTO X 17686 3123 0 0 1 GAYLE EVANS VP HOME EQUITY LOAN X 50000 41015 0 1 1 GAYLE EVANS VP MORTGAGE X 281000 251669 0 1 1 JASON WERTS COO AUTO X 47891 6691 0 0 1 JASON WERTS COO MORTGAGE X 337400 295187 0 1 0 1571359 FORM 990, PART VI, SECTION A, LINE 4 THE CREDIT UNION'S BYLAWS WERE AMENDED TO EXPAND VERBIAGE RELATED TO NOMINATION AND ELECTION PROCESS OF UNITUS BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS 86,818 MEMBERS. 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 11 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. THE PROCESS IS COMPLETED ANNUALLY; IT WAS LAST DONE FEBRUARY 2014. 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 -22,173. CHANGE IN OTHER COMPREHENSIVE INCOME 5,514,981. SMARTWAY AUTO ADVISOR LLC PO BOX 1937 PORTLAND OR 97207 263105299 USED AUTO SALES OR 0 0 UNITUS COMMUNITY CREDIT UNION