2020-11-12T23:36:49-06:00 2019-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2019-01-01 930243503 UNITUS COMMUNITY CREDIT UNION UNIT 5034238839 PO BOX 1937 PORTLAND OR 972071937 GREG SPEAR SVP/CHIEF FINANCIAL OFFICER 5034238839 2020-11-11 1 WENDY CAMPOS P00448102 5032421447 2020-11-11 67.189.43.222 2020-11-11 18:29:07 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 82D2AADBC974838CCBF352300F6A9124D06588A1 2019 2022-01-07 14:23:13Z STEVEN STAPP PO BOX 1937 PORTLAND OR 972071937 66281697 0 X WWW.UNITUSCCU.COM X 1937 OR CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSE. 7 7 348 0 430180 195415 0 0 51635281 59891782 5560812 6243157 689206 146758 57885299 66281697 334704 434108 0 0 23075369 26445964 0 0 0 25208451 32390145 48618524 59270217 9266775 7011480 1180174600 1340088701 1051869338 1199482490 128305262 140606211 CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSE. 0 0 PROVIDE FINANCIAL SERVICES TO 98,014 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 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 27037 349 1 348 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X GREG SPEAR 5034238839 1300 SW 6TH AVENUE PORTLAND OR 97201 FRANK CHINN CHAIR/DIRECTOR 3.00 X X 20000 0 0 SOMNATH BANERJEE VICE CHAIR/DIRECTOR 3.00 X X 15000 0 0 RHONDA CRAMER DIRECTOR 3.00 X 15000 0 0 MATTHEW MICETIC DIRECTOR 3.00 X 15000 0 0 SUE IGGULDEN DIRECTOR 3.00 X 15000 0 0 TIFFINI MUELLER DIRECTOR 3.00 X 15000 0 0 MARY NOLAN DIRECTOR & SUPERVISORY COMMITTEE 3.00 X 10803 0 0 STEVEN STAPP PRESIDENT/CEO/TREASURER 55.00 X 957325 0 201347 GREG SPEAR SVP/CHIEF FINANCIAL OFFICE 55.00 X 589050 0 40723 JASON WERTS EVP/CHIEF OPERATIONS OFFIC 55.00 X 355611 0 48883 CORLINDA WOODEN VP - CHIEF RETAIL OFFICER 55.00 X 159064 0 18406 TIMOTHY BELL VP - CHIEF EXPERIENCE OFFICER 55.00 X 46664 0 1574 DAVID FEHRER SVP/CHIEF INFORMATION OFFIC 55.00 X 271550 0 46266 GAYLE EVANS SVP/CHRO 55.00 X 229935 0 43333 LAURIE KRESL VP/CHIEF MARKETING OFFICER 55.00 X 255979 0 11975 BRIAN DEVEREUX VP/CHIEF LENDING OFFICER 55.00 X 238052 0 27316 JAMES ALEXANDER SVP/CHIEF RISK OFFICER 55.00 X 210804 0 21702 KRISTIAN KIRKEVOLD MORTGAGE RELATIONSHIP OFFI 55.00 X 166401 0 29924 BRIAN ALFANO VP/CHIEF RETAIL OFFICER 55.00 X 76856 0 9734 MICHELLE FAVREAU HOLLENBECK MORTGAGE RELATIONSHIP OFFI 55.00 X 259932 0 43993 KEVIN MOON MRO 55.00 X 244336 0 42208 BRADLEY GOODENOUGH MANAGER - MORTGAGE LEND SA 55.00 X 197038 0 23303 KEVIN SMITH MANAGER - IT OPERATIONS 55.00 X 149973 0 35872 JOHN BACHMAN ASST MGR - NETWORK OPERATIONS 55.00 X 142556 0 36461 4656929 0 683020 44 0 1 0 CURRENCE LLC 16000 CHRISTENSEN RD SUITE 200 TUKWILA WA 98188 ELECTRONIC/CARD TRANSACTION SERVICES 1110989 INFOIMAGE 141 JEFFERSON DRIVE MENLO PARK CA 94025 CUSTOMER SERVICE 854210 AUGEO MARKETING 4300 COMMERCE COURT SUITE 240 LISLE IL 60532 VISA REWARDS SUPPORT 606015 EDGE MULTIMEDIA 17900 NE 37TH ST VANCOUVER WA 98682 MULTI-MEDIA AND DIGITAL MARKETING STRATE 590329 VISA 900 METRO CENTER BLVD FOSTER CITY CA 94404 ELECTRONIC FUNDS TRANSFER 567674 40 INTEREST ON LOANS 522100 43010457 43010457 SERVICE CHARGES & FEES 522100 14561317 14134015 427302 MORTGAGE BANKING/LOAN 522100 5338267 5338267 DEFERRED LOAN FEE EARN 522100 -3018259 -3018259 59891782 6243157 6243157 INSURANCE FUND DISTRIB 524298 143880 143880 PASSTHROUGH INCOME 518210 2878 2878 146758 66281697 59608360 430180 6243157 415108 19000 4975088 15198424 1886184 2548725 1837543 132920 93840 48979 1252101 1573062 2671190 2493622 3156809 132396 2477 10004907 1880217 172913 PROVISION FOR LOAN LOSS 2368996 VISA SUPPORT 2304135 LOAN SERVICING 1303222 UBI TAX 128964 2669395 59270217 76663072 128803215 984673 1082912 303290 262524 892947098 963922369 1130413 1113071 26715988 19175882 7925930 7540106 172635136 205714747 11117403 12362521 16467585 19287236 1180174600 1340088701 11632143 11871924 1040237195 1187610566 1051869338 1199482490 X 0 0 23423471 23423471 104881791 117182740 128305262 140606211 1180174600 1340088701 X 7011480 5289470 X 0 1 X 1 0 10000 10000 1 CREDIT UNION LEGISLATIVE ACTION FUND 13221 SW 68TH PARKWAY SUITE 400 TIGARD OR 97223 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 0 1030134 52963 1083097 1000000 30134 1030134 1.00000 0 0 1001331 1001331 13028163 8905089 4123074 12468548 10270793 2197755 217946 217946 7540106 DEFERRED COMPENSATION PLANS 882493 MEMBERS' SHARES 1186728073 1187610566 X 68457455 2184374 2184374 66273081 8616 8616 66281697 59270217 0 59270217 0 59270217 PART X, LINE 2: FIN 48 (ASC 740) UNCERTAIN TAX POSITIONS FOOTNOTE FROM FINANCIAL STATEMENTS - 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. NO INTEREST AND PENALTIES WERE RECOGNIZED FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018. PART XI, LINE 4B - OTHER ADJUSTMENTS: PASSTHROUGH INCOME 8,616. 1 PORTLAND ROSE FESTIVAL SPONSORSHIP 1020 SW NAITO PARKWAY PORTLAND OR 97204 930333036 501(C)(3) 97500 JA FINANCE PARK SPONSORSHIP NORTHWEST CREDIT UNION ASSOCIATION 18001 INTERNATIONAL BLVD SUITE 350 SEATAC WA 98188 911649328 501(C)(3) 10500 GENERAL SUPPORT CHILDREN'S MIRACLE NETWORK HOSPITALS 205 WEST 700 SOUTH MADISON WI 53705 931143339 501(C)(3) 13000 2019 WONDERBALL GALA SPONSORSHIP WORLDWIDE FOUNDATION FOR CREDIT UNIONS INC 5710 MINERAL POINT RD MADISON WI 53701 396093210 501(C)(3) 15000 GENERAL SUPPORT SCHOOLHOUSE SUPPLIES 2735 NE 82ND AVE PORTLAND OR 97220 204223437 501(C)(3) 8000 TOOLS FOR SCHOOLS 2019 SPONSOR OHSU DOERNBECHER CHILDREN'S HOSPITAL FOUNDATION 1121 SW SALMON ST 201 PORTLAND OR 97205 931077745 501(C)(3) 27576 OHSU GAME, TOURNAMENT SUPPORT NATIONAL CREDIT UNION FOUNDATION 5710 MINERAL POINT RD MADISON WI 53705 391383650 501(C)(3) 5000 GENERAL SUPPORT JUNIOR ACHIEVEMENT OF OREGON AND SW WASHINGTON 7830 SE FOSTER ROAD PORTLAND OR 97206 930910219 501(C)(3) 12000 JA FINANCE PARK SPONSORSHIP OREGON CONSULAR CORPS SCHOLARSHIP FUND PO BOX 25828 PORTLAND OR 97298 462428202 501(C)(3) 7500 CELEBRATE TRADE TABLE SPONSORSHIP & SCHOLARSHIP DONATION CHILDREN'S CANCER ASSOCIATION 1200 NW NAITO PKWY STE 140 PORTLAND OR 97209 931181662 501(C)(3) 5000 2019 WONDERBALL GALA SPONSORSHIP PLAY IT FORWARD PO BOX 25607 PORTLAND OR 97298 821708155 501(C)(3) 5000 SPONSORSHIP & PIANO LESSON INITIATIVE WORLD OREGON 1207 SW BROADWAY SUITE 300 PORTLAND OR 97205 930568356 501(C)(3) 5000 YOUNG LEADER IN ACTION 12 ACADEMIC SCHOLARSHIPS - BASED ON GPA/POTENTIAL IN CHOSEN FIELD AND COMMUNITY 2 5000 NEED-BASED SCHOLARSHIPS - BASED ON FINANCIAL NEED, SCHOLASTIC STANDING AND COMMUNITY INVOLVEMENT 3 7500 COMMUNITY INVOLVEMENT SCHOLARSHIPS - BASED ON COMMUNITY INVOLVEMENT 1 2500 ACADEMIC & NEED BLEND SCHOLARSHIPS - BASED ON GPA AND FINANCIAL NEED 1 1000 WESTERN OREGON UNIVERSITY FOUNDATION SCHOLARSHIP 3 3000 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 0 1 0 STEVEN STAPP PRESIDENT/CEO/TREASURER 558502 0 95238 0 303585 0 170733 0 30614 0 1158672 0 293985 0 GREG SPEAR SVP/CHIEF FINANCIAL OFFICE 278865 0 37841 0 272344 0 20891 0 19832 0 629773 0 272344 0 JASON WERTS EVP/CHIEF OPERATIONS OFFIC 314714 0 40897 0 0 0 22490 0 26393 0 404494 0 0 0 CORLINDA WOODEN VP - CHIEF RETAIL OFFICER 149064 0 10000 0 0 0 9749 0 8657 0 177470 0 0 0 TIMOTHY BELL VP - CHIEF EXPERIENCE OFFICER 39664 0 0 0 7000 0 0 0 1574 0 48238 0 0 0 DAVID FEHRER SVP/CHIEF INFORMATION OFFIC 243460 0 28090 0 0 0 19873 0 26393 0 317816 0 0 0 GAYLE EVANS SVP/CHRO 200205 0 28939 0 791 0 16940 0 26393 0 273268 0 0 0 LAURIE KRESL VP/CHIEF MARKETING OFFICER 126047 0 18436 0 111496 0 6466 0 5509 0 267954 0 0 0 BRIAN DEVEREUX VP/CHIEF LENDING OFFICER 216196 0 21817 0 39 0 17872 0 9444 0 265368 0 0 0 JAMES ALEXANDER SVP/CHIEF RISK OFFICER 184035 0 26769 0 0 0 12258 0 9444 0 232506 0 0 0 KRISTIAN KIRKEVOLD MORTGAGE RELATIONSHIP OFFI 164233 0 2168 0 0 0 3531 0 26393 0 196325 0 0 0 BRIAN ALFANO VP/CHIEF RETAIL OFFICER 58642 0 18214 0 0 0 3136 0 6598 0 86590 0 0 0 MICHELLE FAVREAU HOLLENBECK MORTGAGE RELATIONSHIP OFFI 257664 0 2268 0 0 0 17600 0 26393 0 303925 0 0 0 KEVIN MOON MRO 242068 0 2268 0 0 0 15815 0 26393 0 286544 0 0 0 BRADLEY GOODENOUGH MANAGER - MORTGAGE LEND SA 189770 0 7268 0 0 0 13859 0 9444 0 220341 0 0 0 KEVIN SMITH MANAGER - IT OPERATIONS 134198 0 15775 0 0 0 9479 0 26393 0 185845 0 0 0 JOHN BACHMAN ASST MGR - NETWORK OPERATIONS 130986 0 11570 0 0 0 10068 0 26393 0 179017 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, LINE 4B THE CREDIT UNION AT TIMES ENTERS INTO 457(F) DEFERRED COMPENSATION AGREEMENTS WITH MEMBERS OF EXECUTIVE MANAGEMENT THAT PROVIDE BENEFITS PAYABLE TO PARTICIPANTS BASED ON VARYING CONDITIONS, TYPICALLY LENGTH OF SERVICE. BENEFITS ARE SUBJECT TO FORFEITURE IF EMPLOYMENT IS TERMINATED FOR CAUSE AS DEFINED IN THE AGREEMENTS. JAMES ALEXANDER CHIEF RISK OFFICER MORTGAGE X 278150 228289 0 1 1 BRIAN DEVEREUX CHIEF LENDING OFFICER AUTO X 21553 11935 0 1 1 BRIAN DEVEREUX CHIEF LENDING OFFICER AUTO X 24283 22300 0 1 1 262524 FORM 990, PART VI, SECTION A, LINE 6 CREDIT UNION MEMBERS WITH PRIME SHARE ACCOUNTS ARE ABLE TO VOTE AND VOLUNTEER FOR THE BOARD OF DIRECTORS. 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 11B THE FINANCE MANAGER 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 RISK OFFICER, 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. THESE PROCESSES ARE UNDERTAKEN ANNUALLY EACH FEBRUARY. 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 -8,616. OTHER COMPREHENSIVE INCOME 3,113,712. UNREALIZED GAIN/LOSS 2,184,374.