2012-08-13T17:24:47-05:00 2011-12-31 990 2011-01-01 930163693 SELCO COMMUNITY CREDIT UNION SELC 5416868000 PO BOX 7487 SPRINGFIELD OR 97475 TIFFANY WASHINGTON 5416868000 2012-08-07 false 2011 2016-02-24 21:20:13Z X J ROBERT NEWCOMB PO BOX 7487 SPRINGFIELD OR 97475 54152753 false X SELCO.ORG X 1936 OR SELCO STRIVES TO PROVIDE FINANCIAL SERVICES THAT IMPROVE OUR MEMBERS' SOCIAL AND ECONOMIC CONDITION. 7 7 308 11 0 0 50425006 49914022 1687023 859716 254802 264409 52366831 51038147 46171 41495 0 14025358 15287867 0 0 34973044 27968437 49044573 43297799 3322258 7740348 895629869 917911146 828797339 843131719 66832530 74779427 SELCO STRIVES TO PROVIDE FINANCIAL SERVICES THAT IMPROVE OUR MEMBERS' SOCIAL AND ECONOMIC CONDITION. false false THE CREDIT UNION PAID OVER 6.5 MILLION IN DIVIDENDS TO MEMBERS. DEPOSIT ACCOUNTS INCLUDE SAVINGS, CHECKING, MONEY MARKET ACCOUNTS AND CERTIFICATES OF DEPOSIT. AT DECEMBER 31, 2011, DEPOSITS TOTALED 831 MILLION. THE CREDIT UNION DISBURSED OVER 219 MILLION IN NEW LOANS TO MEMBERS. LOANS INCLUDE AUTO, HOME MORTGAGE, HOME EQUITY, CREDIT CARD, AND BUSINESS LOANS. AT DECEMBER 31, 2011, LOANS OUTSTANDING TOTALED 700.8 MILLION. DURING 2011, THE CREDIT UNION PROVIDED FINANCIAL PLANNING SERVICES TO APPROXIMATELY 3,332 MEMBERS WITH ASSETS UNDER MANAGEMENT OF 188 MILLION. false false false false false false false true false true false false false true false false true false false false false false false false false false true true true false true false false false false false false false false true true true true false true 25871 0 true 308 true false false false false false false X 7 7 false false false false true true true true true false false false true true true true true true false true false X SELCO COMMUNITY CREDIT UNION 5416868000 1050 HIGH STREET EUGENE OR 97401 DICK METZLER 2.00 X X 0 0 0 KAYE LEFRANCQ 2.00 X X 0 0 0 CAROL BECKLEY 2.00 X 0 0 0 HAROLD WELLBORN 2.00 X 0 0 0 BETTY JAMES 2.00 X 0 0 0 JEANNE STATON 2.00 X 0 0 0 CURT HEIMULLER 2.00 X 0 0 0 J ROBERT NEWCOMB 60.00 X 745812 0 32263 TIFFANY WASHINGTON 50.00 X 185030 0 23447 CRAIG CARPENTER 50.00 X 184593 0 13844 SCOTT BOYD 40.00 X 528140 0 0 MARCIA ROBESON 40.00 X 197783 0 23663 STEVE MCINTIRE 50.00 X 164174 0 22815 SCOTT HIRSCHORN 40.00 X 0 137522 12738 FAYE BALLESTER 40.00 X 0 122045 13807 2005532 259567 142577 14 false true true PREVEDELLO & ASSOCIATES 701 HIGH ST EUGENE OR 97401 WEB MARKETING 736299 SHELTON-TURNBULL PRINTERS PO BOX 6989 PORTLAND OR 97228 PRINTING 415693 INFOIMAGE 141 JEFFERSON DR MENLO PARK CA 94025 STATEMENT PRINT 388837 DIEBOLD INC PO BOX 643543 PITTSBURGH PA 15264 ATM MAINT 271980 FEYNAM GROUP 1177 PEARL ST EUGENE OR 97401 INTERNET SERVIC 138250 16 INTEREST ON LOANS TO MEMBERS 36356864 36356864 SERVICE FEES 13557158 13557158 49914022 1404639 1404639 1386994 1182689 1245286 1869320 141708 -686631 -544923 -544923 RENTAL INCOME 129730 129730 MANAGEMENT FEES 125620 125620 OTHER REVENUE 9059 9059 264409 51038147 50048701 989446 20495 21000 1184990 10909841 607742 1469415 1115879 51494 17994 130584 141059 1350906 1664160 1055977 1449029 219104 6864502 1422308 183587 PROVISION FOR LOAN LOSSES 7453610 MEMBER SERVICES 2951422 NCUA ASSESSMENTS 1951024 MISCELLANEOUS 570761 490916 43297799 0 0 0 8931406 8055034 101855230 144145796 57635 11546 1056490 1367432 668285942 688134208 13944 22653 863495 1080241 34122188 17870013 16646734 16252175 74467347 35465477 4286673 4344795 10212042 10277706 8952931 8754083 895629869 917911146 3495461 4598218 257758 198316 45044 58045 8801658 7450362 816197418 830826778 828797339 843131719 X 66832530 74779427 66832530 74779427 895629869 917911146 X 7740348 206549 X false true true X false false false false false false false true false false false 3480964 3480964 16322081 5911735 10410346 1384667 937963 446704 12934476 11020315 1914161 16252175 MEMBER DEPOSITS 830626940 CLEARING AND SUSPENSE ACCOUNTS 199838 DEFERRED COMPENSATION LIABILITY UNCERTAIN TAX POSITIONS 830826778 ESCROW LIABILITY ARRANGEMENT EXPLANATION SCHEDULE D, PAGE 2, PART IV, LINE 2B MORTGAGE ESCROW ACCOUNTS TOTALING 58,045. true EUGENE SCHOOL DISTRICT 4J 936000566 6673 CLASSROOM SUPPORT AMOUNTS UNDER 5000 13822 29 STUDENT SCHOLARSHIPS 14 21000 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES SCHEDULE I, PAGE 1, PART I, LINE 2 NO MONITORING OF CLASSROOM MINI-GRANTS IS PERFORMED. X X true true X X X false true false J ROBERT NEWCOMB 491645 175000 79167 18375 13888 778075 TIFFANY WASHINGTON 171086 10940 3004 14115 9332 208477 CRAIG CARPENTER 170848 10841 2904 13844 198437 SCOTT BOYD 527736 404 528140 MARCIA ROBESON 196595 1188 15020 8643 221446 STEVE MCINTIRE 153710 10044 420 12667 10148 186989 SCOTT HIRSCHORN 137232 290 4238 8500 150260 FAYE BALLESTER 121755 290 3819 9988 135852 SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SCHEDULE J, PAGE 1, PART I, LINE 4 J ROBERT NEWCOMB 0 58,122 0 OTHER ADDITIONAL INFORMATION SCHEDULE J, PART III PART I, LINE 1A - THE CREDIT UNION WILL PROVIDE AIRFARE FOR A TRAVEL PARTNER FOR EACH BOARD MEMBER TO ONE NATIONAL CONFERNCE WITHIN THE UNITED STATES PER YEAR. PART I, LINE 1A - THE CREDIT UNION PROVIDES TAX GROSS-UP PAYMENTS TO ITS CEO. PART I, LINE 4B - SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FOR J. ROBERT NEWCOMB. SUBJECT TO CONTINUOUS SATISFACTORY SERVICE TO THE EMPLOYER AND COMPLIANCE WITH EXISTING EMPLOYMENT CONTRACT, THE PLAN BENEFIT WILL BE PAID ON SEPTEMBER 19, 2017. PLAN EARNINGS IN 2011 EQUAL 58,122. J ROBERT NEWCOMB SPLIT-DOLLAR LIFE INS. X 813420 813420 false true true J ROBERT NEWCOMB HOME MORTGAGE X 725000 554012 false true true 1367432 ADDITIONAL INFORMATION FORM 990 THE 2010 RETURN WAS FILED WITH THE ACTIVITY OF SELCO GROUP, A WHOLLY OWNED CORPORATION. THE 2010 AMOUNTS HAVE BEEN ADJUSTED TO REMOVE THE ACTIVITY OF SELCO GROUP AS IT FILES ITS OWN RETURN. THE 2011 AMOUNTS DO NOT INCLUDE THE ACTIVITY OF SELCO GROUP. CLASSES OF MEMBERS OR STOCKHOLDERS FORM 990, PAGE 6, PART VI, LINE 6 THE CREDIT UNION IS MEMBER OWNED. ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY A VOTE OF THE CREDIT UNION'S MEMBERS. DECISIONS SUBJECT TO APPROVAL OF MEMBERS FORM 990, PAGE 6, PART VI, LINE 7B REMOVAL OF DIRECTORS MUST BE RATIFIED BY A VOTE OF THE CREDIT UNION'S MEMBERS. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY SENIOR MANAGEMENT ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C DIRECTORS MUST FILE AN ANNUAL CONFLICT OF INTEREST STATEMENT. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION OF THE CEO IS DETERMINED BY THE BOARD OF DIRECOTRS BASED ON COMPARABILITY DATA. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS MAY BE MADE AVAILABLE UPON REQUEST. ANNUAL FINANCIAL STATEMENTS ARE POSTED ON THE CREDIT UNION'S WEB SITE AND MONTHLY STATEMENTS ARE POSTED IN EACH BRANCH LOCATION. OTHER CHANGES IN NET ASSETS EXPLANATION FORM 990, PART XI, LINE 5 CHANGE IN UNREALIZED GAIN (LOSS) ON SECURITIES AVAILABLE FOR SALE. SELCO MORTGAGE COMPANY 925 HARLOW ROAD SPRINGFIELD OR 97477 931254915 MTG BROKER OR 1007694 1607674 N/A WHISTLER PROP GP 925 HARLOW ROAD SPRINGFIELD OR 97477 364687978 REAL EST OR N/A RELATED -77983 164039 false true 0.10730 SELCO GROUP 925 HARLOW RD SPRINGFIELD OR 97477 930829603 INSURANCE OR N/A C CORP 1131095 731082 1.00000 true false false false false false false false true false true true false false true true false false SELCO GROUP A 61803 FMV SELCO GROUP K 124420 COST