2015-11-16T16:35:11-06:00 2014-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2014-01-01 930251640 ADVANTIS CREDIT UNION ADVA 5037852528 9200 SE SUNNYBROOK BLVD CLACKAMAS OR 97015 LAURIE WILSON SVP/CHIEF FINANCIAL OFFICER 5037852528 2015-11-16 1 REBECCA GRIFFITH P01207510 5032421447 2014 2016-04-25 22:37:26Z X PATRICK HAGER 9200 SE SUNNYBROOK BLVD CLACKAMAS OR 97015 58308009 0 X WWW.ADVANTISCU.ORG X 1928 OR PROVIDING FINANCIAL SERVICES TO MEMBERS 9 9 203 15 929502 -53111 0 0 46926446 45470742 3011112 2447659 6680 5231 49944238 47923632 139982 154662 0 0 11253109 12668304 0 0 0 25194493 24950806 36587584 37773772 13356654 10149860 1113082112 1165974434 1004403375 1046257694 108678737 119716740 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 57,020 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 24473 0 1 203 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 CLACKAMAS OR 97015 PATRICK HAGER CHAIR 2.00 X X 0 0 0 AMANDA OWINGS VICE CHAIR 2.00 X X 0 0 0 CAROLYN BENOLKEN SECRETARY/TREASURER 2.00 X X 0 0 0 RENEE HALPERN BOARD MEMBER 2.00 X 0 0 0 ROGER HEDIGER BOARD MEMBER 2.00 X 0 0 0 JAKE JENSEN BOARD MEMBER 2.00 X 0 0 0 BOB PEARSON BOARD MEMBER 2.00 X 0 0 0 JOSH ROBERTS BOARD MEMBER 2.00 X 0 0 0 TAMMY TESKE BOARD MEMBER 2.00 X 0 0 0 AARON KNOTT ALTERNATE BOARD MEMBER 2.00 X 0 0 0 DAVID ROSSI ALTERNATE BOARD MEMBER 2.00 X 0 0 0 ROBERT CORWIN CEO/PRESIDENT 40.00 X 525262 0 24959 TIMOTHY CLOUSE SVP/CHIEF INNOVATION OFFICER 40.00 X 208509 0 18571 WENDY EDWARDS SVP/CHIEF ADMINISTRATIVE OFFICER 40.00 X 226797 0 19563 S GRIFFITH O'BRIEN SVP/CHIEF MEMBERSHIP OFFICER 40.00 X 183707 0 20117 JEFFREY SCHWARZ SVP/CHIEF LENDING OFFICER 40.00 X 224100 0 19080 LAURIE WILSON SVP/CHIEF FINANCIAL OFFICER 40.00 X 225214 0 21789 PATRICK HUEY DIRECTOR OF INVESTMENT SERVICES 40.00 X 292370 0 25943 JERI MAHER RE LOAN OFFICER - COMMISSIONED 52.90 X 174122 0 17697 CLIFF BRADY COMMERICAL RE LOAN ORIGINATOR 40.00 X 115944 0 12304 SCOTT JONES RE LOAN UNDERWRITER - LEAD 59.90 X 128002 0 11919 JOHN STEVENSON CONTROLLER 40.00 X 104704 0 11884 2408731 0 203826 11 0 1 0 FISERV 4550 SW MACADAM AVE PORTLAND OR 94239 MAINTENANCE SERVICES 292955 LOOMIS PO BOX 94600 SEATTLE WA 97124 ATM CASH SERVICES 287664 EQUIFAX PO BOX 403562 ATLANTA GA 30348 CREDIT BUREAU REPORTS 216606 BARRICK CONSULTING LLC 9707 SE WYNDHAM WAY HAPPY VALLEY OR 97086 MANAGEMENT CONSULTING 174000 TERES SOLUTIONS INC 280 INTERSTATE NORTH CIRCLE SUITE ATLANTA GA 30339 MAINTENANCE SERVICES 172481 8 INTEREST ON LOANS 522100 37554488 37554488 SERVICE CHARGES & FEES 522100 4816204 4771304 44900 MORTGAGE BANKING REVENUE 522100 2064191 2064191 OTHER INCOME 522100 1035859 300724 735135 45470742 2410413 149467 2260946 5231 0 5231 5231 5231 10000000 421623 10000000 384377 0 37246 37246 37368 -122 47923632 44728075 929502 2266055 129833 24829 2227799 7160067 763114 1676689 840635 82886 108274 27000 694525 896393 1026974 2790610 978768 180597 205831 8952044 1424623 451457 PROVISION FOR LOAN LOSS 2998221 VISA/ATM EXPENSE 2250599 LENDING EXPENSE 1136966 TAXES ON UBI -11952 756990 37773772 35054389 75838793 30422000 6225000 877349679 934744776 561321 542391 20113462 10158577 9758979 9954885 97867488 68725515 5047200 4444600 57021056 65498474 1113082112 1165974434 4643919 6151361 30000000 20000000 969759456 1020106333 1004403375 1046257694 X 0 0 0 0 108678737 119716740 108678737 119716740 1113082112 1165974434 X 10149860 939015 -50872 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 8519316 2600553 5918763 3068940 1478143 1590797 8077827 6079881 1997946 9954885 LOANS HELD FOR SALE 18908854 OTHER ASSETS 3014018 NATIONAL CREDIT UNION SHARE INSURANCE FUND 9158243 ACCRUED INTEREST RECEIVABLE 3239080 MORTGAGE SERVICING RIGHTS 6608572 CREDIT UNION-OWNED LIFE INSURANCE 24569707 65498474 MEMBERS' SHARES 1020106333 1020106333 X 47872760 0 47872760 50872 50872 47923632 37773772 0 37773772 0 37773772 PART X, LINE 2: THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2014 AND 2013. ADDITIONALLY, THE CREDIT UNION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS AN ADMINISTRATIVE EXPENSE. HOWEVER, DURING THE YEARS ENDED DECEMBER 31, 2014 AND 2013, THE CREDIT UNION RECOGNIZED NO INTEREST AND PENALTIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: PASSTHROUGH BOOK/TAX DIFFERENCE 1 NORTH CLACKAMAS EDUCATION FOUNDATION PO BOX 595 CLACKAMAS OR 97015 931114786 501(C)(3) 6500 DONATION TO SCHOLARSHIP FUND ROSE HAVEN 627 NW 19TH AVE PORTLAND OR 97209 205922682 501(C)(3) 9548 DONATION FOR LANDSCAPING, FURNITURE SUNSHINE DIVISION 687 N THOMPSON ST PORTLAND OR 97227 930429354 501(C)(3) 5100 DONATION FOR FOOD AND CLOTHING ASSISTANCE THE PIXIE PROJECT 510 NE MLK PORTLAND OR 97211 208430297 501(C)(3) 9850 THREE KENNEL BUILDOUT FIRST TECH FEDERAL CREDIT UNION 3555 SW 153RD DR BEAVERTON OR 97006 930412056 501(C)(1) 10000 GOLF TOURNAMENT - EAGLE SPONSORSHIP IQ CREDIT UNION 305 NE 81ST ST VANCOUVER WA 98665 910576399 501(C)(14) 5500 WINE AUCTION 4 2 COLLEGE SCHOLARSHIPS 15 24829 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 X 0 1 0 ROBERT CORWIN CEO/PRESIDENT 415262 0 98000 0 12000 0 18578 0 6381 0 550221 0 0 0 TIMOTHY CLOUSE SVP/CHIEF INNOVATION OFFICER 169142 0 39367 0 0 0 11342 0 7229 0 227080 0 0 0 WENDY EDWARDS SVP/CHIEF ADMINISTRATIVE OFFICER 184779 0 42018 0 0 0 13267 0 6296 0 246360 0 0 0 S GRIFFITH O'BRIEN SVP/CHIEF MEMBERSHIP OFFICER 159577 0 24029 0 101 0 11447 0 8670 0 203824 0 0 0 JEFFREY SCHWARZ SVP/CHIEF LENDING OFFICER 180000 0 44100 0 0 0 12794 0 6286 0 243180 0 0 0 LAURIE WILSON SVP/CHIEF FINANCIAL OFFICER 184175 0 41039 0 0 0 13109 0 8680 0 247003 0 0 0 PATRICK HUEY DIRECTOR OF INVESTMENT SERVICES 110000 0 0 0 182370 0 18150 0 7793 0 318313 0 0 0 JERI MAHER RE LOAN OFFICER - COMMISSIONED 40971 0 0 0 133151 0 12171 0 5526 0 191819 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - OCCASIONAL AIRFARE FOR SPOUSES ON CREDIT UNION OFFICIAL BUSINESS. PART I, LINE 4B THE PRESIDENT/CEO PARTICIPATED IN A 457(F) RETIREMENT PLAN. NO DISTRIBUTIONS WERE MADE FROM THE PLAN IN 2014. 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 11 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 -50,872.