2019-11-15T16:07:05-06:00 2018-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2018-01-01 930243503 UNITUS COMMUNITY CREDIT UNION UNIT 5034238839 PO BOX 1937 PORTLAND OR 972071937 GREG SPEAR SVP/CHIEF FINANCIAL OFFICER 5034238839 2019-11-13 1 WENDY CAMPOS P00448102 5032421447 2019-11-13 12.129.4.211 2019-11-13 18:26:05 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D294BCF825AD6123C8D8C79B00469E80119B4775 2018 2020-04-17 16:48:07Z STEVEN STAPP PO BOX 1937 PORTLAND OR 972071937 57938759 0 X WWW.UNITUSCCU.COM X 1937 OR CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSE. 7 7 316 3 474283 301797 0 0 47920249 51635281 4216831 5560812 35843 689206 52172923 57885299 311259 334704 0 0 20840800 23075369 0 0 0 20645449 25208451 41797508 48618524 10375415 9266775 1118025963 1180174600 997736620 1051869338 120289343 128305262 CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSE. 0 0 PROVIDE FINANCIAL SERVICES TO 93,305 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. PARTICIPATED IN THE YOUNG LEADERS OF THE AMERICAS INITIATIVE (YLAI) PROFESSIONAL FELLOWS PROGRAM ANDHOSTED LEADING YOUNG ARGENTINE ENTREPRENEUR TO A 4-WEEK INTENSIVE COLLABORATION TO IMPROVE FINANCIALEDUCATION AND OPPORTUNITY FOR ARGENTINE CITIZENS. 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 21728 319 1 316 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 15000 0 0 SOMNATH BANERJEE VICE CHAIR/DIRECTOR 3.00 X X 11250 0 0 WILL RADER SECRETARY/DIRECTOR 3.00 X X 11250 0 0 RHONDA CRAMER DIRECTOR 3.00 X 11250 0 0 MATTHEW MICETIC DIRECTOR 3.00 X 11250 0 0 SUE IGGULDEN DIRECTOR 3.00 X 11250 0 0 TIFFINI MUELLER DIRECTOR 3.00 X 11250 0 0 GORDON AKESON DIRECTOR 2.00 X 0 0 0 STEVEN STAPP PRESIDENT/CEO/TREASURER 55.00 X 662659 0 180318 JASON WERTS EVP/CHIEF OPERATIONS OFFIC 55.00 X 566264 0 27157 GREG SPEAR SVP/CHIEF FINANCIAL OFFICE 55.00 X 330090 0 93749 DAVID FEHRER VP/CHIEF INFORMATION OFFIC 55.00 X 255046 0 25919 BRIAN DEVEREUX VP/CHIEF LENDING OFFICER 55.00 X 242076 0 21674 GAYLE EVANS SVP/CHRO 55.00 X 386336 0 27157 LAURIE KRESL VP/CHIEF MARKETING OFFICER 55.00 X 210535 0 19469 JAMES ALEXANDER SVP/CHIEF INTERNAL AUDITOR 55.00 X 349009 0 24318 BRIAN ALFANO VP/CHIEF RETAIL OFFICER 55.00 X 194335 0 21115 KEVIN SMITH MANAGER - IT OPERATIONS 55.00 X 145620 0 17210 KEVIN MOON MRO 55.00 X 137465 0 16445 KEVIN THORNTON CONTROLLER 55.00 X 130728 0 13559 MICHELLE FAVREAU HOLLENBECK MORTGAGE RELATIONSHIP OFFICER 55.00 X 145378 0 14126 BRADLEY GOODENOUGH MANAGER - MORTGAGE LEND SALES 55.00 X 142796 0 13559 3980837 0 515775 31 0 1 0 CURRENCE LLC 16000 CHRISTENSEN RD SUITE 200 TUKWILA WA 98188 ELECTRONIC/CARD TRANSACTION SERVICES 966041 R & H CONSTRUCTION CO 2019 NW WILSON ST PORTLAND OR 97209 COMMERCIAL CONSTRUCTION 907483 INFOIMAGE 141 JEFFERSON DRIVE MENLO PARK CA 94025 CUSTOMER SERVICE 851225 COOK SECURITY GROUP 9225 NE CASCADES PARKWAY PORTLAND OR 97220 ATM SERVICE AND SECURITY 675645 EDGE MULTIMEDIA 1624 NW GLISAN ST PORTLAND OR 97209 MULTI-MEDIA AND DIGITAL MARKETING STRATE 673891 40 INTEREST ON LOANS 522100 34443606 34443606 SERVICE CHARGES & FEES 522100 14928951 14482111 446840 MORTGAGE BANKING/LOAN 522100 4131704 4131704 DEFERRED LOAN FEE EARN 522100 -1868980 -1868980 51635281 5548868 5548868 65404 53460 11944 11944 11944 INSURANCE FUND DISTRIB 524298 661763 661763 PASSTHROUGH INCOME 518210 27443 27443 689206 57885299 51862148 474283 5548868 322204 12500 3719726 13213955 1426412 3062259 1653017 84744 126733 1213943 1412607 2344317 1647257 2916736 128816 3094 3441046 1646394 141062 PROVISION FOR LOAN LOSS 2852522 LOAN SERVICING 2443416 VISA SUPPORT 2205748 UBI TAX 238431 2361585 48618524 111670704 76663072 830833 984673 827468 303290 804420919 892947098 1008887 1130413 25221594 17295664 7685005 7925930 166573976 172635136 10586990 11117403 14421181 16467585 1118025963 1180174600 16577582 11632143 981159038 1040237195 997736620 1051869338 X 0 0 23423471 23423471 96865872 104881791 120289343 128305262 1118025963 1180174600 X 9266775 -1250856 X 0 1 X 1 0 0 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 1000000 30134 1030134 1.00000 0 0 1001331 1001331 12495314 8147981 4347333 11605423 9147683 2457740 119526 119526 7925930 DEFERRED COMPENSATION PLANS 986210 MEMBERS' SHARES 1039250985 1040237195 X 58442830 590469 590469 57852361 32938 32938 57885299 48618524 0 48618524 0 48618524 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, 2018 AND 2017. PART XI, LINE 4B - OTHER ADJUSTMENTS: PASSTHROUGH INCOME 32,938. 1 PORTLAND ROSE FESTIVAL SPONSORSHIP 1020 SW NAITO PARKWAY PORTLAND OR 97204 930333036 501(C)(3) 94500 SPONSORED PORTLAND ROSE FESTIVAL COURT NORTHWEST CREDIT UNION ASSOCIATION 18000 INTERNATIONAL BLVD SUITE 350 SEATAC WA 98188 911649328 501(C)(3) 10000 GENERAL SUPPORT CHILDREN'S MIRACLE NETWORK HOSPITALS 5710 MINERAL POINT RD MADISON WI 53705 931143339 501(C)(3) 15000 CREDIT UNION FOR KIDS/DOERNBECHER CHILDREN'S HOSPITAL WORLDWIDE FOUNDATION FOR CREDIT UNIONS INC PO BOX 2982 MADISON WI 53701 396093210 501(C)(3) 16300 GENERAL SUPPORT SCHOOLHOUSE SUPPLIES 2735 NE 82ND AVE PORTLAND OR 97220 204223437 501(C)(3) 7600 CELEBRITY SPELLING BEE, TOOLS FOR SCHOOLS OHSU DOERNBECHER CHILDREN'S HOSPITAL FOUNDATION 1121 SW SALMON ST 201 PORTLAND OR 97205 931077745 501(C)(3) 13145 GENERAL SUPPORT FINANCIAL BEGINNINGS 2505 SW SPRING GARDEN ST STE 210 PORTLAND OR 97209 203530960 501(C)(3) 15250 LICENSING FOR FINANCIAL EDUCATION PROGRAMMING BANKWORK SE WORKS INC 7916 FOSTER ROAD SUITE 104 PORTLAND OR 97206 311575264 501(C)(3) 8000 HELPS YOUNG ADULTS FROM LOW-INCOME COMMUNITIES BUILD CAREERS IN BANKING THROUGH TRAINING, PLACEMENT ASSISTANCE AND ONGOING COACHING NATIONAL CREDIT UNION FOUNDATION 5710 MINERAL POINT RD MADISON WI 53705 391383650 501(C)(3) 7500 CUDE PROGRAM; CALIFORNIA FIRE RELIEF RANDALL'S CHILDREN HOSPITAL 2801 N GANTENBEIN AVE PORTLAND OR 97227 931314469 501(C)(3) 5000 2018 DREAM COME TRUE RECIPIENT 10 ACADEMIC SCHOLARSHIPS - BASED ON GPA/POTENTIAL IN CHOSEN FIELD AND COMMUNITY 2 2500 NEED-BASED SCHOLARSHIPS - BASED ON FINANCIAL NEED, SCHOLASTIC STANDING AND COMMUNITY INVOLVEMENT 3 7500 COMMUNITY INVOLVEMENT SCHOLARSHIPS - BASED ON COMMUNITY INVOLVEMENT 1 2500 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 520198 0 132861 0 9600 0 171705 0 8613 0 842977 0 0 0 JASON WERTS EVP/CHIEF OPERATIONS OFFIC 294595 0 61669 0 210000 0 22000 0 5157 0 593421 0 0 210000 GREG SPEAR SVP/CHIEF FINANCIAL OFFICE 272217 0 57873 0 0 0 90100 0 3649 0 423839 0 0 0 DAVID FEHRER VP/CHIEF INFORMATION OFFIC 219270 0 35776 0 0 0 20762 0 5157 0 280965 0 0 0 BRIAN DEVEREUX VP/CHIEF LENDING OFFICER 207888 0 34165 0 23 0 19356 0 2318 0 263750 0 0 0 GAYLE EVANS SVP/CHRO 189134 0 36601 0 160601 0 22000 0 5157 0 413493 0 0 160135 LAURIE KRESL VP/CHIEF MARKETING OFFICER 182185 0 27860 0 490 0 17151 0 2318 0 230004 0 0 0 JAMES ALEXANDER SVP/CHIEF INTERNAL AUDITOR 175675 0 33880 0 139454 0 22000 0 2318 0 373327 0 0 139454 BRIAN ALFANO VP/CHIEF RETAIL OFFICER 168195 0 26140 0 0 0 15958 0 5157 0 215450 0 0 0 KEVIN SMITH MANAGER - IT OPERATIONS 133624 0 11996 0 0 0 12053 0 5157 0 162830 0 0 0 KEVIN MOON MRO 137465 0 0 0 0 0 11288 0 5157 0 153910 0 0 0 KEVIN THORNTON CONTROLLER 119725 0 11003 0 0 0 11241 0 2318 0 144287 0 0 0 MICHELLE FAVREAU HOLLENBECK MORTGAGE RELATIONSHIP OFFICER 145378 0 0 0 0 0 8969 0 5157 0 159504 0 0 0 BRADLEY GOODENOUGH MANAGER - MORTGAGE LEND SALES 142796 0 0 0 0 0 11241 0 2318 0 156355 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 INTERNAL AUDITOR MORTGAGE X 278150 241044 0 1 1 BRIAN ALFANO VP AUTO X 51000 44545 0 1 1 BRIAN DEVEREUX CHIEF LENDING OFFICER AUTO X 21553 17701 0 1 1 303290 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 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. 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 -32,938. OTHER COMPREHENSIVE INCOME -1,808,387. UNREALIZED GAIN/LOSS 590,469.