2017-11-15T16:30:05-06:00 2016-12-31 910189318 Moss Adams LLP 805 SW Broadway Ste 1200 Portland OR 97205 990 2016-01-01 880063808 Greater Nevada Credit Union GREA 7758822060 PO Box 2128 Carson City NV 89701 Joyce Whitney-Silva EVP/CFO 7758861329 2017-11-14 1 Joua V Lo P01225144 5032421447 2017-11-13 73.90.207.11 2017-11-14 11:22:30 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 189799C539B232A8D1FA5D0851A612580EB85C47 2016 2017-02-10 21:41:12Z Wallace Murray PO Box 2128 Carson City NV 89701 89097979 0 X www.gncu.org X 1949 NV TO PROVIDE QUALITY FINANCIAL SERVICES TO MEMBERS 7 7 245 14 574875 -23987 0 0 40540324 50212998 1934408 1884925 392834 391288 42867566 52489211 237338 287922 0 0 14995254 17251403 0 0 0 21554288 26990836 36786880 44530161 6080686 7959050 587660066 676914655 529665664 611192660 57994402 65721995 To provide quality financial services to members 0 0 Financial Services - Banking activities including loans and deposits. Mortgage Services - Originating, selling and servicing of real estate mortgages. 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 25648 0 1 245 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 0 1 1 0 1 1 1 0 0 X Joyce Whitney-Silva 7758861329 PO Box 2128 Carson City NV 89701 Rob Joiner Vice Chair / Chair Effective 4/16 8.00 X X 0 0 0 Paul Richey Chair through 3/16 / Board Member 4.00 X X 0 0 0 Alex Talmant Treasurer 4.00 X X 0 0 0 William Arensdorf Secr. / Vice Chair Effective 4/16 4.00 X X 0 0 0 Barbara Byington Board Member 4.00 X 0 0 0 Vernon Dalton Board Member 4.00 X 0 0 0 Jon Steele Secretary Effective 4/16 4.00 X X 0 0 0 Wallace Murray President/CEO 40.00 X 362750 0 19034 Dean Altus EVP/COO 40.00 X 192666 0 11868 Joyce Whitney-Silva EVP/CFO 40.00 X 189424 0 54942 James Anderson EVP/Mortgage Lending 40.00 X 261288 0 19188 Jenny Casselman VP/Mortgage Services 40.00 X 200431 0 13581 Nick Serrano VP/Mortgage Lending 40.00 X 216048 0 19027 Mary Lynn Atkins Mortgage Consultant 40.00 X 176777 0 9717 Natalie Dufty Mortgage Consultant 40.00 X 195220 0 16608 Jennifer Linik Mortgage Consultant 40.00 X 200501 0 19886 1995105 0 183851 28 0 1 0 FISERV 255 FISERV DR BROOKFIELD WI 53045 Core processor support 1185357 CORNERSTONE ADVISORS 7272 E INDIANA SCHOOL RD SUITE 4 SCOTTSDALE AZ 85251 Business Management Consultant 804208 EXL MEDIA 803 TAHOE BLVD 7 INCLINE VILLAGE NV 89451 Advertising Agency 501287 Special OrDER SYSTEMS 3877 SHAWN WAY SUITE 200 LOOMIS CA 95650 IT Maintenance Services 379941 Business Data Inc 321 North Oak Street Inglewood CA 90302 Business Communications Services 280398 7 Interest-Member Loans 522100 22053525 22053525 Fees & Service Charges 522100 10499515 10499515 GAIN ON SALE OF LOANS 522100 8970693 8970693 Other Non-Interest Inc 522100 8689265 8114390 574875 50212998 1986227 1986227 65799 0 65799 65799 65799 35961936 545530 35961890 646878 46 -101348 -101302 5989 -107291 Life Insurance Value 900099 325489 325489 325489 52489211 49644112 574875 2270224 247922 40000 1111159 12733072 273316 1924667 1209189 174634 119673 1944198 1627973 1641448 425581 1409479 331207 236198 2089792 2249294 157728 Loan Servicing 4726373 Processing Costs 3617620 Loan Loss Provision 2205003 Licenses and Fees 756348 3278287 44530161 21020790 29571677 29462241 53282302 383968360 457513108 1158475 1224116 49895773 21160761 30951351 28735012 53678708 64224343 33089699 8307200 34330442 34056897 587660066 676914655 4806653 5535267 1375361 2609431 523483650 603047962 529665664 611192660 X 0 0 0 0 57994402 65721995 57994402 65721995 587660066 676914655 7959050 -231457 0 X 0 1 X 1 0 1 3712636 12287482 12229670 3770448 0 8586716 8586716 19897563 8458092 11439471 2982649 1471161 1511488 18293863 11167053 7126810 134982 64455 70527 28735012 Loans Held For Sale 5487016 Accrued Interest Receivable 1941838 NCUSIF Deposit 4748602 Deferred Compensation Funding 427628 Mortgage Servicing Rights 4103271 Life Insurance Cash Surrender Value 12236869 Other Assets 5111673 34056897 Members' Share and Savings Accounts 603047962 603047962 X Part IV, Line 1b: Borrower payments for principal, interest, taxes and insurance. Part X, Line 2: FIN 48 (ASC 740) UNCERTAIN TAX POSITIONS FINANCIAL STATEMENT FOOTNOTE: THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE (IRS) RELEASED TECHNICAL ADVICE MEMORANDUMS (TAMS) TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNION'S ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2015, 2014, AND 2013 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. 0 UNIVERSITY OF NEVADA RENO 1664 N VIRGINIA ST RENO NV 89557 886000024 STATE OF NEVADA 82509 EDUCATIONAL ASSISTANCE SPECIAL OLYMPICS NEVADA 5670 WYNN RD SUITE E LAS VEGAS NV 89118 680363121 501(C)(3) 30000 SPORTS EVENTS FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES Childrens Miracle Network 205 W 700 Street Salt Lake City UT 84101 870387205 501(C)(3) 5500 Children's Assistance 3 0 Scholarships 20 40000 X X X 0 1 0 Wallace Murray President/CEO 312750 0 50000 0 0 0 7875 0 11159 0 381784 0 0 0 Dean Altus EVP/COO 167666 0 25000 0 0 0 5588 0 6280 0 204534 0 0 0 Joyce Whitney-Silva EVP/CFO 164424 0 25000 0 0 0 43783 0 11159 0 244366 0 0 0 James Anderson EVP/Mortgage Lending 156622 0 104666 0 0 0 5031 0 14157 0 280476 0 0 0 Jenny Casselman VP/Mortgage Services 125020 0 75411 0 0 0 4318 0 9263 0 214012 0 0 0 Nick Serrano VP/Mortgage Lending 140637 0 75411 0 0 0 4870 0 14157 0 235075 0 0 0 Mary Lynn Atkins Mortgage Consultant 171126 0 5651 0 0 0 3539 0 6178 0 186494 0 0 0 Natalie Dufty Mortgage Consultant 188769 0 6451 0 0 0 5449 0 11159 0 211828 0 0 0 Jennifer Linik Mortgage Consultant 195726 0 4775 0 0 0 5729 0 14157 0 220387 0 0 0 Part I, Line 4b The organization has a 457(f) deferred compensation plan in place; Joyce Whitney-Silva is the only participant in the plan. There were no contributions to or distributions from the plan in 2016. Form 990, Part VI, Section A, line 6 The credit union has one class of members. Members do not receive shares of profit other than through share account dividends. Form 990, Part VI, Section A, line 7a The members elect the Board of Directors of the credit union. Form 990, Part VI, Section B, line 11b The review of Form 990 is completed by the EVP/CFO, who is a member of the Executive Management team. Form 990, Part VI, Section B, line 15a The 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 CEO. Such decisions are documented by the Board in an executive session. This process was last completed as of April 1, 2016. Form 990, Part VI, Section C, line 19 Monthly financial statements are posted in each of the credit union's branches. Governing documents and conflict of interest policy are not made available to the public. Greater Nevada LLC 451 Eagle Station Lane Carson City NV 89701 880500878 Mortgage Services NV 11326147 18587695 Greater Nevada Credit Union Greater Nevada Financial Group LLC 451 Eagle Station Lane Carson City NV 89701 811825547 Insurance Products NV 22300 113030 Greater Nevada Credit Union