2017-11-15T10:41:06-07:00 2016-12-31 990 2016-01-01 930465543 MARION AND POLK SCHOOLS CREDIT UNION MARI 5035880181 PO BOX 12398 SALEM OR 97309 Scott Turner VP of Accounting 5035880181 2017-11-14 50.252.23.17 2016 2017-02-10 21:41:12Z Mark Zook PO Box 12398 Salem OR 97309 30886170 0 X WWW.MAPSCU.COM X NON-PROFIT 1935 OR Create and maintain long-term, mutually beneficial relationships with our members and our employees 7 7 286 12 310856 -168545 0 0 24743423 28396816 2136521 1255437 494501 574910 27374445 30227163 0 74931 0 0 10219458 11408440 0 0 0 11960291 13369820 22179749 24853191 5194696 5373972 551478034 613182408 508696216 564377397 42781818 48805011 Create and maintain long-term, mutually beneficial relationships with our members and our employees 0 0 24853191 30227163 COOPERATIVE BASED FINANCIAL INSTITUTION, PROMOTES THRIFT AND AFFORDABLE FINANCIAL SERVICES. 0 0 0 24853191 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 14319 0 1 286 1 1 1 0 0 0 0 0 X 7 7 1 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 X Scott Turner 5035880181 451 Division Str NE Salem OR 97301 Phil Frey Board Member 0 0 X 0 0 0 Joe Phillippay Chairman 0 0 X 0 0 0 Gordon Sawser Board Member 0 0 X 0 0 0 Judy Beebe Board Member 0 0 X 0 0 0 Brant Wolf Board Member 0 0 X 0 0 0 Jeff Antrican Board Member 0 0 X 0 0 0 Tom Marks Board Member 0 0 X 0 0 0 Mark Zook PRESIDENT/CEO 50 0 X 346411 0 9275 Kevin Cole CFO 50 0 X 559742 0 3781 David Halter Mortgage Loan Manager 50 0 X 142820 0 5764 Christopher Federici VP of Financial Subsidiaries 50 0 X 141736 0 5299 Shane Saunders VP Development 50 0 X 135734 0 2810 Charles Daiker VP Information Technology 50 0 X 134126 0 4031 Toni Silbernagel VP Consumer Lending 50 0 X 129989 0 4041 1590558 0 35001 15 0 1 0 CD Redding 2837 22nd St SE Salem OR 97302 Construction 893029 Momentum 1520 4th Ave Suite 300 Seattle WA 98101 General Contractor 758207 FISERV PO Box 99924 Grapevine TX 76033 Software Provider 744881 FIS PO Box 4535 Carol Stream IL 60197 Software Provider 439324 Cook Security 5841 SE International Way Milwaukie OR 97222 Security Provider 397616 24 0 Interest and Fee Income 522130 28330136 28019280 310856 0 Membership Dues 522130 66680 66680 0 0 0 0 0 0 28396816 1914444 1914444 0 0 0 0 0 0 0 0 0 0 283098 0 0 0 283098 0 283098 283098 0 0 0 0 0 659007 0 -659007 -659007 -659007 0 0 Commissions 522130 291812 291812 0 0 0 0 0 0 291812 30227163 29916307 310856 0 74931 0 0 0 966258 0 7662921 676225 1185957 917079 0 39863 750525 0 0 0 657328 306367 1411996 870515 0 1392715 148657 0 148825 654533 0 1417968 141197 ATM Network Services 2557124 Provision for Loan Loss 886856 Loan and Lease Expenses 1078227 Bill Payer Services 684656 222468 24853191 0 0 0 41592348 58658378 0 0 0 0 695706 2129572 2178773 1529488 0 0 385076717 468705862 1719987 730400 924121 1060053 33815859 11642871 21098378 22172988 76824107 36071760 10999800 11379154 0 0 0 0 10368097 10744753 551478034 613182408 9676622 10675066 0 0 0 0 0 0 0 0 0 0 0 0 0 0 499019594 553702331 508696216 564377397 X 0 0 0 0 42781818 48805011 42781818 48805011 551478034 613182408 5373972 649221 0 0 0 0 X 1 X 1 X 1 0 0 4502817 4502817 0 12577060 877625 11699435 0 6115325 2015913 4099412 0 10620657 8749333 1871324 0 0 0 0 22172988 0 Member Deposits and Share Accounts 553702331 553702331 X 30227163 0 0 0 0 0 30227163 0 0 0 30227163 24853191 0 0 0 0 0 24853191 0 0 0 24853191 Schedule D, Part X, Line 2 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 financial statements. Additionally, no interest and penalties have been recorded in the accompanying 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. 1 Maps Community Foundation PO Box 12398 Salem OR 97309 450705509 501(c)(3) 74931 0 FMV/Cash Paid Each time Credit Union members use the Free Community Checking debit card, Maps donates a penny to Maps Community Foundation for college scholarships, teacher grants, and other community causes. 1 0 Schedule I, Part I, Line 2 Each time Credit Union members use the Free Community Checking debit card, Maps donates a penny to Maps Community Foundation for college scholarships, teacher grants, and other community causes. X X X 1 1 0 Mark Zook PRESIDENT/CEO 292319 0 46574 0 7518 0 9275 0 0 0 355686 0 0 0 Kevin Cole CFO 69953 0 30211 0 459578 0 3780 0 0 0 563522 0 0 0 Schedule J, Part I, Line 4 Kevin Cole received a severance payment in the amount of $447,577. The Credit Union operates 457(f) accounts for several executives and key employees. David Halter Mortgage Loan Manager Mortgage X 238200 232546 0 1 1 Charles Daiker VP Information Technology Auto X 70126 69874 0 1 1 Charles Daiker VP Information Technology Mastercard X 15000 9689 0 1 1 Mark Zook President/CEO Home Equity X 100000 87536 0 1 1 Mark Zook President/CEO Mastercard X 12500 4815 0 1 1 Mark Zook President/CEO Mortgage X 595000 570000 0 1 1 Mark Zook President/CEO Home Equity X 100000 37347 0 1 1 Mark Zook President/CEO Home Equity X 120276 43802 0 1 1 Shane Saunders VP Development Mortgage X 337500 329803 0 1 1 Toni Silbernagel VP Commercial Lending Personal X 9023 1870 0 1 1 Toni Silbernagel VP Commercial Lending Auto X 32269 26336 0 1 1 Toni Silbernagel VP Commercial Lending Mastercard X 16200 3951 0 1 1 Toni Silbernagel VP Commercial Lending Personal X 5000 4811 0 1 1 Joe Phillippay Board Chairman Mastercard X 25000 6931 0 1 1 Judy Beebe Board Member Mastercard X 7750 6912 0 1 1 Phil Frey Board Member Manufactured Home X 96994 93265 0 1 1 1529488 Form 990, Part VI, Section A, Line 2 Tom Marks, a Board Member, acts as a realtor to Mark Zook, CEO. Tom marks, Board Member, and Mark Zook, CEO, along with others are partial owners of a piece of property. Form 990, Part VI, Section A, Line 6 The Credit Union has members. Form 990, Part VI, Section A, Line 7a The Board of Directors are elected by the Credit Union members. Form 990, Part VI, Section A, Line 7b Mergers and removal of directors require member approval. Form 990, Part VI, Section B, Line 11b Form 990 reviewed by VP of Accounting and VP of Finance. Form 990, Part VI, Section B, Line 12c Annual review of interests and involvements. Form 990, Part VI, Section B, Line 15 Annual compensation reviews are completed. Board compensation committee reviews CEO compensation. Third-party compensation study completed on all positions. Form 990, Part VI, Section C, Line 19 Balance sheet is posted in branch locations. Other financial statements, documents, and policies are available for member review upon request. MAPS SERVICE AGENCY PO BOX 12398 SALEM OR 97309 930575675 INSURANCE, CELL PHONES AND CREDIT REPORTS OR MARION AND POLK SCHOOLS CREDIT UNION C 444321 3242650 1 1 1 0 0 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 MAPS SERVICE AGENCY a-i 41660 Cash Paid MAPS SERVICE AGENCY d 1661655 Outstanding loan balance MAPS SERVICE AGENCY j 160414 Cash Paid MAPS SERVICE AGENCY l 486474 Cash Paid MAPS SERVICE AGENCY m 67348 Cash Paid