2023-11-14T14:49:06-06:00 2022-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2022-01-01 880063808 GREATER NEVADA CREDIT UNION GREA 7758822060 PO BOX 2128 CARSON CITY NV 89702 RICK HASSMAN CFO 7758861329 2023-11-14 1 RICK HASSMAN 999009999 1 WENDY CAMPOS P00448102 5032421447 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DANIEL DELAROSA PO BOX 2128 CARSON CITY NV 89702 84263823 0 X WWW.GNCU.ORG X 1949 NV TO PROVIDE QUALITY FINANCIAL SERVICES TO MEMBERS. 8 8 454 16 799002 0 0 0 92874818 74163508 3008174 6698041 797290 737130 96680282 81598679 643064 953899 0 0 30536280 27373931 0 0 0 46900844 50333366 78080188 78661196 18600094 2937483 1614964186 1767200524 1473633863 1649750780 141330323 117449744 TO PROVIDE QUALITY FINANCIAL SERVICES TO MEMBERS. 0 0 FINANCIAL SERVICES - BANKING ACTIVITIES, INCLUDING LOANS AND DEPOSITS. TOTAL MEMBERSHIP TO THE CREDIT UNION GREW TO 85,373 IN 2022, AN INCREASE OF 4,090 FOR THE YEAR. DURING 2022, THE CREDIT UNION AND ITS AFFILIATES FUNDED $333 MILLION IN CONSUMER LOANS. MORTGAGE SERVICES - ORIGINATING, SELLING, AND SERVICING OF REAL ESTATE MORTGAGES. DURING 2022, THE CREDIT UNION FUNDED $179 MILLION IN MORTGAGE LOANS. COMMERCIAL LENDING - ORIGINATING, SELLING, AND SERVICING OF COMMERCIAL LOANS. DURING 2022, THE CREDIT UNION FUNDED $326 MILLION IN COMMERCIAL LOANS. 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 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 1 1 1 0 1 31065 0 1 454 1 1 1 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 0 1 1 0 0 0 1 1 0 1 1 1 0 1 1 CA X RICK HASSMAN 7758861459 451 EAGLE STATION LANE CARSON CITY NV 89701 WALLACE MURRAY PRESIDENT/CEO 40.00 X 756953 0 31709 JAMES ANDERSON EVP/MORTGAGE LENDING 40.00 X 357601 0 42348 JEREMY GILPIN EVP/COMMERCIAL LENDING 40.00 X 318952 0 28924 JOYCE WHITNEY-SILVA - EVPCFO THRU 10/22/AUDIT LIASION AS OF 10/22 40.00 X 287867 0 24518 SHER DEHORNEY VP OF MORTGAGE OPERATIONS 40.00 X 287483 0 19764 DOREEN LORINCZI VP OF COMMERCIAL PRODUCTION 40.00 X 279485 0 20842 DANIEL DELAROSA CHIEF EXPERIENCE OFFICER 40.00 X 262283 0 37226 MICHAEL DIETRICH CHIEF TECHNOLOGY OFFICER 40.00 X 260343 0 27544 MARCUS WERTZ CHIEF LENDING OFFICER 40.00 X 238564 0 21349 MICHAEL RANDALL SALES MANAGER 40.00 X 237726 0 19964 KAREN JOHNSON GOVT LENDING RELATIONSHIP OFFICER 40.00 X 232420 0 11300 RICHARD HASSMAN CHIEF FINANCIAL OFFICER 40.00 X 209527 0 32930 MICHAEL THOMAS SENIOR VP OF COMMUNICATIONS 40.00 X 194789 0 23739 PATRICIA CHANG SENIOR VP OF RISK 40.00 X 185498 0 15772 NICHOLAS ROSIVAL - SENIOR VP OF INFRASTRUCTURE & PLATFORMS 40.00 X 159158 0 30573 ROB JOINER CHAIR 8.00 X X 7824 0 0 PAUL RICHEY DIRECTOR 4.00 X 7791 0 0 ALEX TALMANT DIRECTOR 4.00 X 6038 0 0 MARSHA BURGESS DIRECTOR 4.00 X 4465 0 0 WILLIAM ARENSDORF VICE CHAIR 6.00 X X 3036 0 0 JON STEELE SECRETARY 4.00 X X 0 0 0 TRAVIS LEE TREASURER 4.00 X X 0 0 0 BARBARA BYINGTON DIRECTOR 4.00 X 0 0 0 4297803 0 388502 54 0 1 0 FISERV PO BOX 80123 CITY OF INDUSTRY CA 91716 CORE PROCESSOR SERVICES 2163879 SHAHEEN BEAUCHAMP BUILDERS 318 N CARSON STREET SUITE 202 CARSON CITY NV 89701 CONSTRUCTION 1953952 THOMAS FINANCIAL 3060 PEACHTREE ROAD NW SUITE 1855 ATLANTA GA 30305 LOAN PLACEMENT 1423290 Q2 SOFTWARE 10355 PECAN PARK BOULEVARD SUITE 1 AUSTIN TX 78729 ONLINE BANKING SOFTWARE 921039 MONIGLE 150 ADAMS STREET DENVER CO 80206 MARKETING/OUTSIDE SERVICES 883219 80 INTEREST - MEMBER LOAN 522100 44360252 44360252 FEES & SERVICE CHARGES 522100 11490343 11490343 INTERCHANGE INCOME 522100 8512605 8512605 GAIN ON SALE OF LOANS 522100 2846102 2846102 SERVICING FEES 522100 1657980 1657980 5296226 4497224 799002 74163508 6698974 6698974 615026 415211 199815 199815 199815 2249000 2249664 269 -664 -269 -933 -933 LIFE INSURANCE VALUE 900099 537315 537315 537315 81598679 73364506 799002 7435171 893899 60000 3358794 18189400 596110 3489911 1739716 306937 214261 117540 4095259 3213987 3242851 2071996 2367621 486826 238901 4296010 4014611 184928 PROCESSING COSTS 7997894 LOAN LOSS PROVISION 7379294 LOAN SERVICING 2243196 LICENSES AND FEES 2163177 5698077 78661196 45433971 49708920 181737517 83171301 2250000 2250000 1038007320 1233111222 3870957 2322505 89050990 37834730 51335174 51216260 212905477 232376518 5609779 6832079 6729472 4334378 2517171 2440171 64567348 99437170 1614964186 1767200524 15786631 17369933 0 85422458 0 1457847232 1546958389 1473633863 1649750780 X 0 0 0 0 141330323 117449744 141330323 117449744 1614964186 1767200524 X 2937483 -27624401 806339 X 0 1 X 1 0 1 3866617 129893772 130302406 3457983 0 10813671 10813671 45834851 14242881 31591970 3553240 2687997 865243 28363441 20708687 7654754 485787 195165 290622 51216260 LOANS HELD FOR SALE 21146115 ACCRUED INTEREST RECEIVABLE 8726551 NCUSIF DEPOSIT 12770021 MORTGAGE SERVICING RIGHTS 6048538 CREDIT UNION OWNED LIFE INSURANCE PLANS 27711340 OTHER ASSETS 13973306 RIGHT-OF-USE ASSETS 9061299 99437170 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1537791343 LEASE LIABILITY 9167046 1546958389 PART IV, LINE 1B: BORROWER PAYMENTS FOR PRINCIPAL, INTEREST, TAXES AND INSURANCE. 1 AMERICAN RED CROSS OF NORTHERN NEVADA 4750 LONGLEY LANE SUITE 101 RENO NV 89502 530196605 501(C)(3) 10000 0 SUPPORT COMMUNITIES IN NEVADA & CALIFORNIA DURING THE WILDFIRES AUDACITY INSTITUTE LLC 450 SINCLAIR STREET RENO NV 89501 382552018 12500 0 SUPPORT FOR START-UP MINORITY AND WOMEN ENTREPRENEURS CHILDREN'S MIRACLE NETWORK HOSPITAL 18400 VON KARMAN AVENUE SUITE 900 IRVINE CA 92612 870387205 501(C)(3) 21200 0 SPONSOR THE CA/NV CREDIT UNIONS FOR KIDS WINE AUCTION EDDY HOUSE 888 WILLOW STREET RENO NV 89502 453023511 501(C)(3) 102310 0 SUPPORT HOMELESS TEENS WITH FOOD AND SHELTER FOOD BANK OF NORTHERN NEVADA 550 ITALY DRIVE SPARKS NV 89437 942924979 501(C)(3) 8750 0 GENERAL SUPPORT RENO FOOD SYSTEM 972 BATES AVENUE RENO NV 89502 811021982 501(C)(3) 10000 0 SUPPORT FARMING PROGRAM RENOWN HEALTH FOUNDATION 1155 MILL STREET O2 RENO NV 89502 942972749 501(C)(3) 225000 0 SUPPORT FOR THE CHILDREN'S HOSPITAL SPECIAL OLYMPICS NEVADA 3480 BUSKIRK AVENUE SUITE 340 PLEASANT HILL CA 94523 680363121 501(C)(3) 57500 0 SPORTS EVENTS FOR PEOPLE WITH DISABILITIES TAHOE PROSPERITY CENTER 948 INCLINE WAY INCLINE VILLAGE NV 89451 453559172 501(C)(3) 10000 0 SUPPORT SERVICE WORKERS AFTER THE PANDEMIC THE GAME ROOM - TEDXRENO 3005 ROXBURY DRIVE RENO NV 89523 873140632 501(C)(3) 15000 0 GENERAL SUPPORT THE SALVATION ARMY 3755 N FREEWAY BOULEVARD SACRAMENTO CA 95834 941156347 501(C)(3) 10000 0 GENERAL SUPPORT UNIVERSITY OF NEVADA RENO FOUNDATION 1664 N VIRGINIA STREET RENO NV 89557 942781749 501(C)(3) 242031 0 SUPPORT MUSIC PROGRAMS, FOOD INSECURITY, FINANCIAL EDUCATION, AND EDUCATIONAL ATTAINMENT WESTERN NEVADA COLLEGE FOUNDATION 2201 WEST COLLEGE PARKWAY BRISTLECONE BUILDING 147 CARSON CITY NV 89703 880283783 501(C)(3) 7416 0 SUPPORT STUDENT SCHOLARS AND EDUCATION EDUCATION ALLIANCE 425 EAST NINTH STREET A122 RENO NV 89512 943177739 501(C)(3) 10000 0 ASSIST TEACHERS IN WASHOE COUNTY SCHOOL DISTRICT CARSON CITY SCHOOLS FOUNDATION PO BOX 92 CARSON CITY NV 89702 472898107 501(C)(3) 5529 0 EMPLOYEE ENGAGEMENT EVENTS REGIONAL EMERGENCY MEDICAL SERVICES AUTHORITY 450 EDISON WAY RENO NV 89502 880175774 501(C)(3) 7322 0 EMPLOYEE ENGAGEMENT AND FINANCIAL EDUCATION EVENTS NEVADA MINING ASSOCIATION 201 W LIBERTY STREET SUITE 300 RENO NV 89501 880038700 501(C)(6) 10260 0 EMPLOYEE ENGAGEMENT AND FINANCIAL EDUCATION EVENTS WASHOE COUNTY SCHOOL DISTRICT 425 EAST NINTH STREET A122 RENO NV 89512 886000919 WASHOE COUNTY 18030 0 EMPLOYEE ENGAGEMENT AND FINANCIAL EDUCATION EVENTS 16 2 SCHOLARSHIPS 61 60000 PART I, LINE 2: THE GRANTS MADE ARE CONSIDERED CHARITABLE DONATIONS AND DO NOT REQUIRE FORMAL MONITORING OR REPORTING. PART III: SCHOLARSHIPS ARE DISBURSED DIRECTLY TO INDIVIDUALS AND THE BOARD OF DIRECTORS HAS A SCHOLARSHIP COMMITTEE THAT OVERSEES AND IS ENGAGED IN THE RECIPIENT SELECTION, DISTRIBUTION OF THE SCHOLARSHIPS AND REDIRECTION OF ANY SCHOLARSHIPS TO ALTERNATE WINNERS IF THE ORIGINAL WINNER DIDN'T UTILIZE THE SCHOLARSHIP. X X X 0 0 0 WALLACE MURRAY PRESIDENT/CEO 551953 0 205000 0 0 0 13725 0 17984 0 788662 0 0 0 JAMES ANDERSON EVP/MORTGAGE LENDING 227601 0 130000 0 0 0 13725 0 28623 0 399949 0 0 0 JEREMY GILPIN EVP/COMMERCIAL LENDING 313952 0 5000 0 0 0 13725 0 15199 0 347876 0 0 0 JOYCE WHITNEY-SILVA - EVPCFO THRU 10/22/AUDIT LIASION AS OF 10/22 251167 0 36700 0 0 0 5847 0 18671 0 312385 0 0 0 SHER DEHORNEY VP OF MORTGAGE OPERATIONS 159783 0 127700 0 0 0 11499 0 8265 0 307247 0 0 0 DOREEN LORINCZI VP OF COMMERCIAL PRODUCTION 186985 0 92500 0 0 0 12577 0 8265 0 300327 0 0 0 DANIEL DELAROSA CHIEF EXPERIENCE OFFICER 232283 0 30000 0 0 0 11428 0 25798 0 299509 0 0 0 MICHAEL DIETRICH CHIEF TECHNOLOGY OFFICER 230143 0 30200 0 0 0 8334 0 19210 0 287887 0 0 0 MARCUS WERTZ CHIEF LENDING OFFICER 208364 0 30200 0 0 0 6150 0 15199 0 259913 0 0 0 MICHAEL RANDALL SALES MANAGER 119925 0 117801 0 0 0 4766 0 15198 0 257690 0 0 0 KAREN JOHNSON GOVT LENDING RELATIONSHIP OFFICER 133895 0 98525 0 0 0 6973 0 4327 0 243720 0 0 0 RICHARD HASSMAN CHIEF FINANCIAL OFFICER 184327 0 25200 0 0 0 7357 0 25573 0 242457 0 0 0 MICHAEL THOMAS SENIOR VP OF COMMUNICATIONS 171289 0 23500 0 0 0 8540 0 15199 0 218528 0 0 0 PATRICIA CHANG SENIOR VP OF RISK 161998 0 23500 0 0 0 7507 0 8265 0 201270 0 0 0 NICHOLAS ROSIVAL - SENIOR VP OF INFRASTRUCTURE & PLATFORMS 149158 0 10000 0 0 0 4775 0 25798 0 189731 0 0 0 HARDAWAY CAPITAL GROUP LLC CONTROLLED ENTITY OF KEY EMPLOYEE PURCHASE OF 25% INTEREST IN GREATER NEVADA COMMERCIAL LENDING, LLC X 2500000 2250000 0 1 1 2250000 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS ONE CLASS OF MEMBER, WHICH ARE: (I) SHAREHOLDERS OF THE CREDIT UNION WHO LIVE OR WORK IN THE FOLLOWING NEVADA COUNTIES: CARSON CITY, CHURCHILL, CLARK, DOUGLAS, ELKO, ESMERALDA, EUREKA, HUMBOLDT, LANDER, LINCOLN, LYON, MINERAL, NYE, PERSHING, STOREY, WASHOE, WHITE PINE; (II) SPOUSES OF PERSONS WHO DIED WHILE WITHIN THE FIELD OF MEMBERSHIP OF THIS CREDIT UNION; (III) EMPLOYEES OF THIS CREDIT UNION; (IV) PERSONS RETIRED AS PENSIONERS OR ANNUITANTS FROM THE ABOVE EMPLOYMENT; AND (V) MEMBERS OF THEIR IMMEDIATE FAMILIES. MEMBERS DO NOT RECEIVE SHARES OF PROFIT OTHER THAN THROUGH SHARE ACCOUNT DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A FOR EACH VACANCY OF THE BOARD OF DIRECTORS, THE NOMINATING COMMITTEE FILES NOMINATIONS WITH THE SECRETARY OF THE CREDIT UNION AT LEAST 90 DAYS PRIOR TO THE ANNUAL MEETING. NOMINATIONS FOR VACANCIES MAY ALSO BE MADE BY MEMBERS OF THE ORGANIZATION VIA PETITION SIGNED BY 500 MEMBERS OR ONE PERCENT (1%) OF THE MEMBERSHIP ELIGIBLE TO VOTE AT MEETINGS OF THE MEMBERS, WHICHEVER IS SMALLER. SHOULD THERE BE A CONTESTED ELECTION, THE ELECTION IS THEN DETERMINED BY PLURALITY VOTE OPEN TO ALL MEMBERS OF THE ORGANIZATION ELIGIBLE TO VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT IN CONJUNCTION WITH THE ORGANIZATION'S CFO. THE CFO, WHO IS A MEMBER OF THE EXECUTIVE MANAGEMENT TEAM, THEN REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT/CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. COMPENSATION SURVEY DATA OBTAINED FROM OUTSIDE CONSULTANTS IS UTILIZED TO DETERMINE APPROPRIATE SALARY AND BENEFIT LEVELS FOR THE PRESIDENT/CEO. SUCH DECISIONS ARE DOCUMENTED BY THE BOARD IN AN EXECUTIVE SESSION. THIS PROCESS WAS LAST COMPLETED IN JULY 2023. COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES WAS DETERMINED USING COMPARABILITY DATA. THIS WAS REVIEWED AND APPROVED BY THE CEO AND CHIEFS. DOCUMENTATION WAS ONLY NEEDED FOR ANYTHING OVER MIDPOINT. THIS PROCESS WAS LAST COMPLETED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S ANNUAL REPORT IS POSTED ON GREATER NEVADA CREDIT UNION'S WEBSITE AND AVAILABLE TO MEMBERS AT THE ANNUAL MEETING. INTERNAL FINANCIALS ARE PUBLISHED MONTHLY IN EACH OF OUR BRANCHES. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN INVESTMENT IN GCL 806,339. GREATER NEVADA LLC 451 EAGLE STATION LANE CARSON CITY NV 89701 880500878 MORTGAGE SERVICES NV 6787145 29602856 GREATER NEVADA CREDIT UNION GREATER NEVADA FINANCIAL GROUP LLC 451 EAGLE STATION LANE CARSON CITY NV 89701 811825547 INSURANCE PRODUCTS NV 437392 378065 GREATER NEVADA CREDIT UNION GREATER NEVADA COMMERCIAL LENDING LLC 5190 NEIL ROAD SUITE 205 RENO NV 89523 821499653 COMMERCIAL LENDING NV GREATER NEVADA CREDIT UNION RELATED 643111 11704395 0 1 0.75000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 GREATER NEVADA COMMERCIAL LENDING LLC Q 341095 COST GREATER NEVADA COMMERCIAL LENDING LLC S 3000000 CASH TRANSFERRED