2016-11-15T15:20:05-06:00 2015-12-31 910189318 Moss Adams LLP 805 SW Broadway Ste 1200 Portland OR 97205 990 2015-01-01 880063808 Greater Nevada Credit Union GREA 7758861329 PO Box 2128 Carson City NV 89701 Joyce Whitney-Silva EVP/CFO 7758861329 2016-11-14 1 Rebecca Griffith P01207510 5032421447 2016-11-14 2015 2017-02-10 21:41:12Z Wallace Murray PO Box 2128 Carson City NV 89701 52135881 0 X www.gncu.org X 1949 NV TO PROVIDE QUALITY FINANCIAL SERVICES TO MEMBERS 7 7 311 13 592237 0 0 0 32194199 40540324 1842898 1934408 342660 392834 34379757 42867566 136213 237338 0 0 11855616 14995254 0 0 0 16820849 21554288 28812678 36786880 5567079 6080686 515657805 587660066 463489582 529665664 52168223 57994402 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 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 18739 0 1 311 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 Secretary/Chair 8.00 X X 0 0 0 Paul Richey Vice Chair/Chair 4.00 X X 0 0 0 Alex Talmant Treasurer 4.00 X X 0 0 0 William Arensdorf Chair/Secretary 4.00 X X 0 0 0 Barbara Byington Director 4.00 X 0 0 0 Vernon Dalton Director 4.00 X 0 0 0 Jon Steele Director 4.00 X 0 0 0 Wallace Murray President/CEO 40.00 X 323542 0 21799 Dean Altus EVP/COO 40.00 X 631554 0 12173 Joyce Whitney-Silva EVP/CFO 40.00 X 154133 0 18843 LETICIA CAREY GNM Mortgage Consultant 40.00 X 199241 0 18020 Natalie Dufty GNM Mortgage Consultant 40.00 X 189963 0 17960 Mary Lynn Atkins GNM Mortgage Consultant 40.00 X 173687 0 9278 Doug Daberko GNM Mortgage Consultant 40.00 X 160203 0 17296 Roberto Castillo GNM Mortgage Consultant 40.00 X 154533 0 19593 1986856 0 134962 23 0 1 0 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 CORE PROCESSOR SUPPORT 338949 BDI 320 NORTH OAK STREET INGLEWOOD CA 90302 STATEMENTS AND NOTICES 266171 BancVue PO Box 527 Lubbock TX 79408 Checking account processing 172421 Sectran Security Inc PO Box 227267 Los Angeles CA 900220967 Security/Armored Transport 162197 Cook Security Group 5841 SE International Way Milwaukie OR 97222 ATM Maintenance Security 140081 5 Interest On Member Loa 522100 19032201 19032201 Fees and Service Charg 522100 9197616 9197616 Other Non-Interest Inc 522100 7374662 6782425 592237 GAIN ON SALE OF LOANS 522100 4935845 4935845 40540324 1895932 1895932 75731 0 75731 75731 75731 9001008 305783 8994539 273776 6469 32007 38476 16776 21700 Life Insurance Value 900099 317103 317103 317103 42867566 39964863 592237 2310466 235338 2000 1162044 10958135 219151 1563085 1092839 108847 83207 1845218 1249400 1518732 266276 1249369 288899 166334 1723315 2217196 120622 Loan Servicing 3118294 Processing Costs 2744543 Loan Loss Provision 1639156 Licenses and Fees 698407 2516473 36786880 13538500 21020790 17821352 29462241 316929956 383968360 835924 1158475 50462849 19511498 30481387 30951351 47481405 53678708 61620099 33089699 26949182 34330442 515657805 587660066 1688241 4806653 1375361 461801341 523483650 463489582 529665664 X 0 0 0 0 52168223 57994402 52168223 57994402 515657805 587660066 6080686 -254507 0 X 0 1 X 1 0 1 3415949 12934192 12637505 3712636 0 8751716 8751716 20898433 8301125 12597308 2900187 1271014 1629173 17777081 9879247 7897834 135432 60112 75320 30951351 CDS and Other Investments 33089699 F 33089699 Loans Held For Sale 8716029 Accrued Interest Receivable 1802927 NCUSIF Deposit 4766609 Deferred Compensation Funding 380757 Mortgage Servicing Rights 4104122 Life Insurance Cash Surrender Value 11911380 Other Assets 2648618 34330442 Members' Share and Savings Accounts 523483650 523483650 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 2014, 2013, AND 2012 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 35000 EDUCATIONAL ASSISTANCE SPECIAL OLYMPICS NEVADA 5670 WYNN RD SUITE E LAS VEGAS NV 89118 680363121 501(C)(3) 25000 SPORTS EVENTS FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES 2 0 X X X 0 1 0 Wallace Murray President/CEO 298542 0 25000 0 0 0 7026 0 14773 0 345341 0 0 0 Dean Altus EVP/COO 150373 0 5400 0 475781 0 4342 0 7831 0 643727 0 0 0 Joyce Whitney-Silva EVP/CFO 148733 0 5400 0 0 0 4295 0 14548 0 172976 0 0 0 LETICIA CAREY GNM Mortgage Consultant 199241 0 0 0 0 0 5442 0 12578 0 217261 0 0 0 Natalie Dufty GNM Mortgage Consultant 189963 0 0 0 0 0 5464 0 12496 0 207923 0 0 0 Mary Lynn Atkins GNM Mortgage Consultant 173687 0 0 0 0 0 2261 0 7017 0 182965 0 0 0 Doug Daberko GNM Mortgage Consultant 160203 0 0 0 0 0 4653 0 12643 0 177499 0 0 0 Roberto Castillo GNM Mortgage Consultant 154533 0 0 0 0 0 734 0 18859 0 174126 0 0 0 Part I, Line 4b THE ORGANIZATION HAS A 457(F) DEFERRED COMPENSATION PLAN IN PLACE. A DISTRIBUTION OF $475,781 WAS MADE TO DEAN ALTUS, EVP/COO, DURING 2015. 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 11 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, 2015. 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, Insurance NV 9949088 18587695 Greater Nevada Credit Union