2025-11-14T13:04:43-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2024-01-01 880063808 GREATER NEVADA CREDIT UNION GREA 7758822060 PO BOX 2128 CARSON CITY NV 89702 RICK HASSMAN CHIEF FINANCIAL OFFICER 7758861329 2025-11-14 1 1 WENDY CAMPOS P00448102 5032421447 2025-11-14 2024 2025-03-06 01:10:19Z DANIEL DELAROSA PO BOX 2128 CARSON CITY NV 89702 109477593 0 X WWW.GNCU.ORG X 1949 NV TO PROVIDE QUALITY FINANCIAL SERVICES TO MEMBERS. 7 7 464 14 210872 0 0 0 86590511 100090366 9915407 8518979 154780 58410 96660698 108667755 837340 818620 0 0 27538772 29775117 0 0 0 86625403 116148361 115001515 146742098 -18340817 -38074343 1756847081 1735932952 1656061217 1671855189 100785864 64077763 X TO PROVIDE QUALITY FINANCIAL SERVICES TO MEMBERS. 0 1 FINANCIAL SERVICES - BANKING ACTIVITIES, INCLUDING LOANS AND DEPOSITS. TOTAL MEMBERSHIP TO THE CREDIT UNION GREW TO 88,662 IN 2024, AN INCREASE OF 620 FOR THE YEAR. DURING 2024, THE CREDIT UNION AND ITS AFFILIATES FUNDED $159,914,605 MILLION IN CONSUMER LOANS. MORTGAGE SERVICES - ORIGINATING, SELLING, AND SERVICING OF REAL ESTATE MORTGAGES. DURING 2024, THE CREDIT UNION FUNDED $120,739,791 MILLION IN MORTGAGE LOANS. 0 0 0 0 0 0 0 1 0 1 0 0 0 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 35772 0 1 464 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 CA X RICK HASSMAN 7758861459 451 EAGLE STATION LANE CARSON CITY NV 89701 DANIEL DELAROSA PRESIDENT/CEO 40.00 0.00 X 518899 0 46004 RICHARD HASSMAN CHIEF FINANCIAL OFFICER 40.00 0.00 X 310816 0 38328 MICHAEL DIETRICH CHIEF TECHNOLOGY OFFICER 40.00 0.00 X 322064 0 23537 MARCUS WERTZ CHIEF LENDING OFFICER 40.00 0.00 X 292693 0 24929 JEREMY GLIPIN PRESIDENT, GCL (THRU 10/24) 0.00 40.00 X 0 289965 27470 MICHAEL THOMAS - SR VP COMMS (THRU 02/24)/CSO (AS OF 02/24) 40.00 0.00 X 270425 0 42648 JEN TREADWAY CHIEF PEOPLE OFFICER 40.00 0.00 X 280054 0 29713 JAMES ANDERSON PRESIDENT, GNM 40.00 0.00 X 242098 0 37390 NICHOLAS ROSIVAL - SR VP OF ENTERPRISE TECH (AS OF 02/24) 40.00 0.00 X 221369 0 38110 PATRICIA CHANG SENIOR VP OF RISK AND OPERATIONS 40.00 0.00 X 215594 0 19385 JOHN AHDUNKO SENIOR VP OF MEMBER SUCCESS 40.00 0.00 X 205475 0 16295 REGINA CURTIS SENIOR VP OF COMMERCIAL LENDING 40.00 0.00 X 186627 0 5573 JOYCE WHITNEY- SILVA - FORMER CHIEF FINANCIAL OFFICER (THRU 10/22) 40.00 0.00 X 161837 0 27614 VERONICA GOMEZ VP OF DIGITAL MEMBER EXPERIENCE 40.00 0.00 X 169754 0 16441 MARSHA BURGESS DIRECTOR 4.00 0.00 X 8156 0 0 PAUL RICHEY DIRECTOR 4.00 0.00 X 7326 0 0 ROB JOINER - CHAIR (THRU 03/24)/V. CHAIR (AS OF 03/24) 6.00 0.00 X X 6095 0 0 WILLIAM ARENSDORF - V CHAIR (THRU 03/24)/CHAIR (AS OF 03/24) 8.00 0.00 X X 2765 0 0 TRAVIS LEE TREASURER 4.00 0.00 X X 0 0 0 JON STEELE SECRETARY 4.00 0.00 X X 0 0 0 BARBARA BYINGTON DIRECTOR 4.00 0.00 X 0 0 0 3422047 289965 393437 62 1 1 0 GIBSON DUNN & CRUTCHER LLP ONE EMBARCADERO CTR STE 2600 SAN FRANCISCO CA 94111 LEGAL SERVICES 2656664 FISERV PO BOX 208457 DALLAS TX 75320 CORE PROCESSOR SERVICES 1518506 Q2 SOFTWARE 10355 PECAN PARK BOULEVARD SUITE 1 AUSTIN NV 78729 ONLINE BANKING SOFTWARE 1369595 MAYNARD NEXSEN PO BOX 11407 BIRMINGHAM AL 35246 LEGAL SERVICES 1151777 SECTRAN SECURITY INC PO BOX 227267 LOS ANGELES CA 90022 CURRENCY TRANSPORT/SECURITY 963398 70 INTEREST - MEMBER LOAN 522100 65290993 65290993 FEES & SERVICE CHARGES 522100 12342493 12342493 INTERCHANGE INCOME 522100 8608727 8608727 GAIN ON SALE OF LOANS 522100 1686551 1686551 SERVICING FEES 522100 1473437 1473437 10688165 9189764 1498401 100090366 8504989 -1287529 9792518 787043 728633 58410 58410 58410 95195 81205 13990 13990 13990 108667755 98591965 210872 9864918 751620 67000 2821373 189451 20733171 655422 3467648 1908052 4856693 250896 117862 2313717 3497178 2953256 3243644 2126411 307814 261007 30499320 4927217 181269 LOAN LOSS PROVISION 24211403 OTHER OPERATING EXPENSE 23344882 PROCESSING COSTS 6271215 LICENSES AND FEES 3459319 3325258 146742098 42871676 33080685 55074390 89868846 1590546 388015 1292262194 1322146326 4983451 3895649 93922821 46376567 50479476 47546254 207639712 182537595 7159079 7426632 2410526 0 2363171 2286171 90012860 46756779 1756847081 1735932952 13176410 14280293 420131 0 1642464676 1657574896 1656061217 1671855189 X 0 0 0 0 100785864 64077763 100785864 64077763 1756847081 1735932952 X -38074343 2626500 -1260258 X 0 1 X 1 0 1 3989011 83378427 83199043 4168395 0 9113671 9113671 47274629 16184446 31090183 3930462 3164784 765678 33083107 26681472 6401635 520952 345865 175087 47546254 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1649518852 LEASE LIABILITY 8056044 1657574896 PART IV, LINE 1B: BORROWER PAYMENTS FOR PRINCIPAL, INTEREST, TAXES AND INSURANCE. 1 BIG BROTHERS BIG SISTERS 600 MILL STREET RENO NV 89502 320147198 501(C)(3) 10000 0 PROGRAM TO CREATE AND SUPPORT ONE-TO-ONE MENTORING RELATIONSHIPS THAT IGNITE THE POWER AND PROMISE OF YOUTH BOARD OF REGENTS NEVADA SYSTEM OF HIGHER EDUCATION 2601 ENTERPRISE ROAD RENO NV 89512 886000024 501(C)(3) 12500 0 PROGRAMS FOR STUDENT SCHOLARS AND EDUCATION BOYS & GIRLS CLUB OF MASON VALLEY 124 NORTH MAIN STREET YERINGTON NV 89447 880407331 501(C)(3) 10000 0 ENABLE ALL YOUNG PEOPLE TO GROW UP AND BECOME CARING AND PRODUCTIVE MEMBERS OF SOCIETY BOYS & GIRLS CLUB OF TRUCKEE MEADOWS 2680 EAST 9TH STREET RENO NV 89512 880142068 501(C)(3) 12500 0 PROGRAMS FOCUSED ON ENABLING ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED IT MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, RESPONSIBLE CITIZENS BOYS & GIRLS CLUBS OF WESTERN NEVADA 1870 RUSSELL WAY CARSON CITY NV 89706 880269139 501(C)(3) 10000 0 PROGRAMS TO INSPIRE AND ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED IT MOST, TO REALIZE THEIR FULL POTENTIAL AS PRODUCTIVE, RESPONSIBLE, AND CARING CITIZENS CARSON VALLEY COMMUNITY FOOD CLOSET 1251 WATERLOO LANE GARDNERVILLE NV 89410 880258742 501(C)(3) 12500 0 HELP PROVIDE NUTRITIOUS FOOD TO INDIVIDUALS AND FAMILIES FACING FOOD INSECURITY CHURCHILL COMMUNITY HOSPITAL PO BOX 2149 FALLON NV 89406 880252723 501(C)(3) 7500 0 TO FULFILL THE BANNER HEALTH MISSION OF MAKING HEALTH CARE EASIER, SO LIFE CAN BE BETTER BY PROVIDING COMPASSIONATE AND EXCELLENT CARE TO THEIR RURAL COMMUNITY IN FALLON, NEVADA EDUCATION ALLIANCE OF WASHOE COUNTY 425 EAST NINTH STREET A-122 RENO NV 89512 943177739 501(C)(3) 10000 0 PROGRAM TO ASSIST TEACHERS IN WASHOE COUNTY SCHOOL DISTRICT FERNLEY COMMUNITY FOUNDATION 1245 FARM LANE FERNLEY NV 89408 823324754 501(C)(3) 7500 0 BUILDING FERNLEY'S FUTURE THROUGH IMPROVED COMMUNITY FACILITIES, ARTS & CULTURE, RECREATION, EDUCATION, AND SOCIAL INTERACTION FOR RESIDENTS OF ALL AGES FOOD BANK OF NORTHERN NEVADA 550 ITALY DRIVE SPARKS NV 89437 942924979 501(C)(3) 15000 0 NORTHERN NEVADA'S LARGEST FOOD INSECURITY NON-PROFIT, SERVING THOSE IN NEED THROUGH MORE THAN 150 PARTNER AGENCIES AND DIRECT SERVICE PROGRAMS GIRL SCOUTS OF THE SIERRA 605 WASHINGTON STREET RENO NV 89503 880060580 501(C)(3) 10000 0 EMPOWERING UNDERSERVED YOUNG GIRLS WITH A FREE OPPORTUNITY TO BECOME A GIRL SCOUT THROUGH OUTREACH PROGRAM THAT IS EMPLOYEE LEAD GREAT BASIN COLLEGE FOUNDATION PO BOX 2056 ELKO NV 89803 942861434 501(C)(3) 10000 0 CULTIVATES, STEWARDS AND MANAGES RESOURCES FROM OUR COMMUNITIES FOR THE BENEFIT OF THE STUDENTS AND PROGRAMS OF GREAT BASIN COLLEGE HOUSING AUTHORITY OF THE CITY OF RENO 1525 E 9TH STREET RENO NV 89512 886000201 501(C)(3) 10000 0 HELPING TO PROVIDE FAIR, SUSTAINABLE, QUALITY HOUSING FOR LOW-INCOME FAMILIES TO PURSUE ECONOMIC OPPORTUNITIES, BECOME SELF-SUFFICIENT AND IMPROVE THEIR QUALITY OF LIFE JUNIOR ACHIEVEMENT OF NORTHERN NEVADA 1575 DELUCCHI LANE SUITE 207A RENO NV 89502 886005167 501(C)(3) 7500 0 PROGRAMS TO INSPIRE AND PREPARE YOUNG PEOPLE TO SUCCEED IN A GLOBAL ECONOMY NEVADA FFA FOUNDATION 405 S 21ST STREET SPARKS NV 89431 886008816 501(C)(3) 7500 0 PROGRAMS TO PROMOTE AGRICULTURAL EDUCATION AND CAREER AND TECHNICAL EDUCATION THROUGH FINANCIAL SUPPORT, ENSURING STUDENTS DEVELOP PREMIER LEADERSHIP, PERSONAL GROWTH, AND CAREER SUCCESS NEVADA WOMEN'S FUND 770 SMITHRIDGE DRIVE SUITE 300 RENO NV 89502 942860375 501(C)(3) 15500 0 EMPOWERING WOMEN TO ACHIEVEMENT THROUGH EDUCATION AND CAREER ADVANCEMENT NORTHERN NEVADA DREAM CENTER 3579 US-50 211 CARSON CITY NV 89701 471124003 501(C)(3) 18848 0 PROGRAM TO BRING HOPE AND RELIEF TO INDIVIDUALS AND FAMILIES IN NEED BY PROVIDING SUPPORT AND SERVICES THAT ADDRESS HUNGER, POVERTY, HOMELESSNESS, ADDICTION, EDUCATION, AND SPIRITUAL WELL-BEING PBS RENO 1670 NORTH VIRGINIA STREET RENO NV 89503 880172215 501(C)(3) 15507 0 PBS RENO PROVIDES TRUSTWORTHY AND ACCESSIBLE QUALITY CONTENT AND EDUCATIONAL SERVICES RENOWN HEALTH FOUNDATION 1155 MILL STREET O2 RENO NV 89502 942972749 501(C)(3) 50000 0 SUPPORT FOR THE CHILDREN'S HOSPITAL RENOWN REGIONAL MEDICAL CENTER 1155 MILL STREET RENO NV 89502 880213754 501(C)(3) 18500 0 PROGRAM TO MAKE A GENUINE DIFFERENCE IN THE HEALTH AND WELL-BEING OF THE PEOPLE AND COMMUNITIES THEY SERVE RONALD MCDONALD HOUSE CHARITIES 323 MAINE STREET RENO NV 89502 942863819 501(C)(3) 10000 0 A NONPROFIT FAMILY & CHILDREN'S CHARITY DEDICATED TO SUPPORTING FAMILIES WITH SICK CHILDREN IN THEIR TIME OF NEED SPECIAL OLYMPICS NEVADA 4000 S EASTERN AVENUE SUITE 320 LAS VEGAS NV 89119 932574727 501(C)(3) 10000 0 SPORTS EVENTS FOR PEOPLE WITH DISABILITIES SPREAD THE WORD NEVADA 1065 AMERICAN PACIFIC DRIVE 160 HENDERSON NV 89074 223829041 501(C)(3) 7500 0 PROGRAMS TO ADVANCE CHILDHOOD LITERACY BY PROVIDING BOOKS AND EDUCATIONAL RESOURCES TO CHILDREN IN LOW-INCOME AND AT-RISK COMMUNITIES ACROSS NEVADA THE CHILDREN'S CABINET INC 1090 SOUTH ROCK BOULEVARD RENO NV 89502 770097156 501(C)(3) 10000 0 KEEP CHILDREN SAFE AND FAMILIES TOGETHER BY PROVIDING FREE PROGRAMS AND SERVICES TO MEET UNMET NEEDS IN THE COMMUNITY. THEY SUPPORT YOUNG PEOPLE FROM EARLY CHILDHOOD TO YOUNG ADULTHOOD, OFFERING RESOURCES LIKE CRISIS INTERVENTION, ACADEMIC SUPPORT, JOB TRAINING, HOUSING ASSISTANCE, AND PARENTING PROGRAMS TO HELP THEM AND THEIR FAMILIES THRIVE THE EDDY HOUSE 888 WILLOW STREET RENO NV 89502 453023511 501(C)(3) 17683 0 PROGRAM HELPS HOMELESS TEENS WITH FOOD AND SHELTER THE EMPOWERMENT CENTER 7400 SOUTH VIRGINIA STREET RENO NV 89511 562509441 501(C)(3) 12590 0 HELP WOMEN WHO SUFFER FROM SUBSTANCE ABUSE TO RESTORE THEIR DIGNITY AND QUALITY OF LIFE UNR FOUNDATION 1664 N VIRGINIA STREET RENO NV 89557 942781749 501(C)(3) 176000 0 PROGRAMS FOCUSED ON SUPPORTING MUSIC PROGRAMS, FOOD INSECURITY, FINANCIAL EDUCATION, AND IMPROVING EDUCATIONAL ATTAINMENT FOR STUDENTS AT THE UNIVERSITY WESTERN NEVADA COLLEGE FOUNDATION 2201 WEST COLLEGE PKWY BRISTLECONE BLDG 147 CARSON CITY NV 89703 880283783 501(C)(3) 10000 0 PROGRAMS FOR STUDENT SCHOLARS AND EDUCATION 28 0 SCHOLARSHIPS 69 67000 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 DANIEL DELAROSA PRESIDENT/CEO 508715 0 10184 0 0 0 15525 0 30479 0 564903 0 0 0 RICHARD HASSMAN CHIEF FINANCIAL OFFICER 291129 0 19687 0 0 0 8224 0 30104 0 349144 0 0 0 MICHAEL DIETRICH CHIEF TECHNOLOGY OFFICER 294417 0 27647 0 0 0 9290 0 14247 0 345601 0 0 0 MARCUS WERTZ CHIEF LENDING OFFICER 282994 0 9699 0 0 0 6969 0 17960 0 317622 0 0 0 JEREMY GLIPIN PRESIDENT, GCL (THRU 10/24) 0 289965 0 0 0 0 0 13048 0 14422 0 317435 0 0 MICHAEL THOMAS - SR VP COMMS (THRU 02/24)/CSO (AS OF 02/24) 265425 0 5000 0 0 0 12169 0 30479 0 313073 0 0 0 JEN TREADWAY CHIEF PEOPLE OFFICER 275054 0 5000 0 0 0 11552 0 18161 0 309767 0 0 0 JAMES ANDERSON PRESIDENT, GNM 242098 0 0 0 0 0 6291 0 31099 0 279488 0 0 0 NICHOLAS ROSIVAL - SR VP OF ENTERPRISE TECH (AS OF 02/24) 217575 0 3794 0 0 0 6641 0 31469 0 259479 0 0 0 PATRICIA CHANG SENIOR VP OF RISK AND OPERATIONS 212094 0 3500 0 0 0 9306 0 10079 0 234979 0 0 0 JOHN AHDUNKO SENIOR VP OF MEMBER SUCCESS 201975 0 3500 0 0 0 6164 0 10131 0 221770 0 0 0 REGINA CURTIS SENIOR VP OF COMMERCIAL LENDING 182127 0 4500 0 0 0 4943 0 630 0 192200 0 0 0 JOYCE WHITNEY- SILVA - FORMER CHIEF FINANCIAL OFFICER (THRU 10/22) 157937 0 3900 0 0 0 6545 0 21069 0 189451 0 0 0 VERONICA GOMEZ VP OF DIGITAL MEMBER EXPERIENCE 167254 0 2500 0 0 0 5703 0 10738 0 186195 0 0 0 RICHARD HASSMAN OFFICER BELOW-MARKET RATE INTEREST LOAN X 72298 57271 0 0 1 MICHAEL THOMAS KEY EMPLOYEE BELOW-MARKET RATE INTEREST LOAN X 8427 5890 0 0 1 TRAVIS LEE OFFICER BELOW-MARKET RATE INTEREST LOAN X 44033 26247 0 0 1 JON STEELE OFFICER BELOW-MARKET RATE INTEREST LOAN X 356488 298607 0 0 1 HARDAWAY CAPITAL GROUP LLC CONTROLLED ENTITY OF KEY EMPLOYEE PURCHASE OF 25% INTEREST IN GREATER NEVADA COMMERCIAL LENDING, LLC X 2500000 0 0 1 1 388015 SCHEDULE L, PART II, LINE 5: GREATER NEVADA CREDIT UNION (GNCU) SOLD 25% INTEREST IN GREATER COMMERCIAL LENDING, LLC (GCL) TO HARDAWAY CAPITAL GROUP, LLC, A CONTROLLED ENTITY OF A KEY EMPLOYEE OF GNCU. THE PRINCIPAL LOAN BALANCE WAS $2,500,000. AT DECEMBER 31, 2023, THE OUTSTANDING LOAN BALANCE WAS $1,500,000. THE LOAN BALANCE OF $1,500,000 AND THE ACCRUED INTEREST WERE BROUGHT DOWN TO $0 WHEN THE OWNERSHIP CHANGES IN GCL TOOK PLACE. THIS WAS A CASHLESS TRANSACTION AND NO PAYMENTS WERE MADE IN 2024. FORM 990, PART III, LINE 3 THE ORGANIZATION CURRENTLY DOES NOT ORIGINATE NEW COMMERCIAL LOANS. 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 AND THE VP OF ACCOUNTING AND FINANCE. 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 12C THE CONFLICT OF INTEREST POLICY REQUIRES THAT ALL DIRECTORS WITH A MATERIAL FINANCIAL INTEREST IN A TRANSACTION MUST DISCLOSE SUCH MATERIAL FINANCIAL INTEREST OR COMMON DIRECTORSHIP TO THE BOARD VIA AN ANNUAL DISCLOSURE FORM. THE BOARD SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE. IF A CONFLICT IS DEEMED TO EXIST, THEY MUST RECUSE THEMSELVES FROM PARTICIPATING IN ANY CONSIDERATION OR DECISION RELATED TO THE TRANSACTION. SUCH DISCLOSURE AND ABSTENTION FROM A VOTE WILL BE MADE PART OF THE RECORD OF THE BOARD'S MEETINGS. THE DECISION OF THE BOARD ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF THE ORGANIZATION AND THE ADVANCEMENT OF ITS PURPOSE. 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. THE BOARD HAS ENGAGED WITH A THIRD PARTY FIRM FOR CEO PERFORMANCE REVIEW AND COMPENSATION ANALYSIS TO ANNUALLY REVIEW COMPENSATION. 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 IS COMPLETED ANNUALLY FOR EXECUTIVE LEVEL EMPLOYEES. 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: FINAL CHANGE IN INVESTMENT IN GCL -2,547,787. UBI REPORTED ON PARTNERSHIP SCHEDULE K-1 1,287,529. GREATER NEVADA LLC 451 EAGLE STATION LANE CARSON CITY NV 89701 880500878 MORTGAGE SERVICES NV -2494096 25630539 GREATER NEVADA CREDIT UNION GREATER NEVADA FINANCIAL GROUP LLC 451 EAGLE STATION LANE CARSON CITY NV 89701 811825547 INSURANCE PRODUCTS NV 147179 772799 GREATER NEVADA CREDIT UNION GREATER NEVADA COMMERCIAL LENDING LLC 5190 NEIL ROAD SUITE 205 RENO NV 89523 821499653 COMMERCIAL LENDING NV -316759 7955394 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 -2250110 0 -1287529 1 0.75000 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 GREATER NEVADA COMMERCIAL LENDING LLC C 718153 COST GREATER NEVADA COMMERCIAL LENDING LLC O 317435 COST GREATER NEVADA COMMERCIAL LENDING LLC Q 369790 COST