2016-11-14T17:22:40-06:00 2015-12-31 910189318 Moss Adams LLP 805 SW Broadway Ste 1200 Portland OR 97205 990 2015-01-01 930251640 Advantis Credit Union ADVA 5037852528 9200 SE Sunnybrook Blvd No 300 Clackamas OR 97015 LAURIE WILSON SVP/Chief Financial Officer 5037852528 2016-11-14 1 Rebecca Griffith P01207510 5032421447 2016-11-14 2015 2017-02-10 21:41:12Z PATRICK HAGER 9200 SE Sunnybrook Blvd No 300 Clackamas OR 97015 53084644 0 X WWW.ADVANTISCU.ORG X 1928 OR PROVIDING FINANCIAL SERVICES TO MEMBERS 9 9 239 16 919786 -48747 0 0 45470742 51618045 2447659 1459704 5231 6895 47923632 53084644 154662 98065 0 0 12668304 14018330 0 0 0 24950806 27080862 37773772 41197257 10149860 11887387 1165974434 1226519011 1046257694 1095370196 119716740 131148815 X To promote thrift among its members by affording them the opportunity for accumulating their savings, to create for them a source of credit at a fair and reasonable rate of interest and to provide the opportunity for the members to use and control their money in order to improve their economic and social condition. 0 0 THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO 62,777 MEMBERS. SERVICES INCLUDE SHARE DEPOSITS AND LOANS TO MEMBERS. 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 25716 0 1 239 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 0 1 1 0 1 1 0 0 0 X LAURIE WILSON 5037852528 9200 SE Sunnybrook Blvd 300 Clackamas OR 97015 PATRICK HAGER Chair 2.00 X X 0 0 0 Amanda Owings Vice Chair 2.00 X X 0 0 0 CAROLYN BENOLKEN Secretary/Treasurer 2.00 X X 0 0 0 RENEE HALPERN Board Member 2.00 X 0 0 0 ROGER HEDIGER Board Member 2.00 X 0 0 0 JAKE JENSEN Board Member 2.00 X 0 0 0 Bob Pearson Board Member 2.00 X 0 0 0 TAMMY TESKE Board Member 2.00 X 0 0 0 Andy Dolberg Board Member 2.00 X 0 0 0 Tarun Gudz Alternate Board Member 2.00 X 0 0 0 Heath Kula Alternate Board Member 2.00 X 0 0 0 Robert Corwin CEO/President 40.00 X 506670 0 25275 TIMOTHY CLOUSE SVP/Chief Innovation Officer 40.00 X 206079 0 19681 WENDY EDWARDS SVP/Chief Administrative Officer 40.00 X 235515 0 20179 S Griffith O'Brien SVP/Chief Membership Officer 40.00 X 195724 0 20518 Jeffrey Schwarz SVP/Chief Lending Officer 40.00 X 197269 0 17747 LAURIE WILSON SVP/Chief Financial Officer 40.00 X 236830 0 22526 PATRICK HUEY Director of Investment Services 40.00 X 179524 0 18404 Alaina Baldwin RE Loan Officer - Commissioned 56.00 X 128923 0 9271 Casey Filburn Director of Real Estate Lending 40.00 X 115076 0 15914 JERI MAHER RE LOAN OFFICER - COMMISSIONED 61.00 X 324837 0 23702 JOHN STEVENSON Controller 40.00 X 117444 0 13643 2443891 0 206860 14 0 1 0 FISERV 4550 SW Macadam Ave Portland OR 94239 Maintenance Services 537486 Loomis PO BOX 94600 Seattle WA 97124 ATM CASH SERVICES 311044 Equifax PO BOX 403562 Atlanta GA 30348 Credit Bureau Reports 288817 Secondary Marketing Resources 55 Cottage St Wellesley MA 02482 Maintenance Services 227278 Integra Telecom PO BOX 2966 Milwaukee WI 53201 Maintenance Services 220714 8 LOANS 522100 39612052 39612052 SERVICE CHARGES AND FE 522100 6650222 6607322 42900 NET GAIN ON SALE OF LO 522100 2960095 2960095 OTHER NON INTEREST INC 522100 2395676 1722123 673553 51618045 1459704 203333 1256371 6895 0 6895 6895 6895 53084644 50901592 919786 1263266 72815 25250 1704014 8728830 896343 1678714 1010429 129022 111749 1060683 999996 1167680 3114736 1099309 100539 208898 8019966 1752715 135222 Provision for Loan Loss 3772897 VISA/ATM Expense 2648503 Lending Expense 1238551 TAXES ON UBI 8775 1511621 41197257 75838793 83887143 6225000 6225000 934744776 1001058543 542391 627787 22129516 11889465 9954885 10240051 68725515 55635823 4444600 3848718 65498474 64995946 1165974434 1226519011 6151361 5225575 20000000 30000000 1020106333 1060144621 1046257694 1095370196 X 0 0 0 0 119716740 131148815 119716740 131148815 1165974434 1226519011 X 11887387 -347991 -107321 X 0 1 X 1 0 20000 0 0 20000 20000 1 CREDIT UNION LEGISLATIVE ACTION FUND 8205 SW CREEKSIDE PLACE 220 BEAVERTON OR 97008 800043051 20000 0 Part I-A, Line 1: THE CREDIT UNION'S ONLY POLITICAL ACTIVITY IS CONTRIBUTIONS TO THE CREDIT UNION LEGISLATIVE ACTION FUND. 447379 447379 8519316 2951804 5567512 4621408 2226058 2395350 8541413 6711603 1829810 10240051 LOANS HELD FOR SALE 14123627 Other Assets 4879852 NATIONAL CREDIT UNION SHARE Insurance Fund 9429285 Accrued Interest Receivable 3402829 SERVICING RIGHTS 7301772 LIFE INSURANCE POLICIES 25858581 64995946 Members' Share and Savings Accounts 1060144621 1060144621 X 53033987 0 53033987 50657 50657 53084644 41253921 56664 56664 41197257 0 41197257 Part X, Line 2: FIN 48 (ASC 740) Uncertain Tax Positions Footnote from Financial Statements - The Credit Union has filed tax returns in the past for activities it has deemed taxable that has resulted in no significant income taxes paid. The taxing authorities have the ability to assess taxes, penalties and interest for any years for which no tax return was filed. In the opinion of management, any liability resulting from taxing authorities imposing income taxes on the net taxable income from activities potentially deemed to be unrelated to the Credit Union's exempt purpose is not expected to have a material effect on the Credit Union's financial position or results of operations. The Credit Union evaluated its tax positions and determined no uncertain tax positions exist as of December 31, 2015. The Credit Union's 2011 through 2014 tax years are open for examination by federal and state taxing authorities. Part XI, Line 4b - Other Adjustments: PASSTHROUGH BOOK/TAX DIFFERENCE 107,321. INVESTMENT LOSSES INCLUDED AS EXPENSE ON FS -56,664. Part XII, Line 2d - Other Adjustments: INVESTMENT LOSSES INCLUDED AS EXPENSE ON FS 56,664. 1 Sunshine Division 687 N THOMPSON ST portland OR 97227 930429354 501(C)(3) 12550 Capital Campaign - Winter Wonderland Purchase Store to Door 7730 SW 31st Ave Portland OR 97219 943105555 501(C)(3) 9200 Office Equipment Feral Cat Coalition of Oregon PO BOX 82734 Portland OR 97282 931168181 501(C)(3) 10000 PHONE SYSTEM Children's Book Bank 1728 NE Glisan St Portland OR 97232 261600475 501(C)(3) 10048 Purchase of books for book bank SnowCap Community Charities PO BOX 160 Fairview OR 97024 237121915 501(C)(3) 9000 Freezers Cafe Au Play 5633 SE Division St Portland OR 97206 201277557 501(C)(3) 10000 Playground Construction Trillium Family Services 3415 SE Powell Blvd Portland OR 97202 930386966 501(C)(3) 6892 Children's games and sports equipment Northwest Credit Union Association 18000 International Blvd Ste 350 Seatac WA 98188 910460483 501(c)(6) 5125 DONATION FOR CU ADVOCACY PROGRAM 7 0 COLLEGE SCHOLARSHIPS 15 25250 Part I, Line 2: THE BOARD OF DIRECTORS REVIEWS AND APPROVES LARGE DONATIONS MADE TO ORGANIZATIONS. THE BOARD OF DIRECTORS APPROVES AN ANNUAL BUDGET FOR COLLEGE SCHOLARSHIPS, AND THERE IS A SCHOLARSHIP COMMITTEE THAT INTERVIEWS CANDIDATES AND DECIDES HOW THE MONEY WILL BE USED. CANDIDATES SUBMIT AN APPLICATION, WRITE AN ESSAY AND MUST MEET MINIMUM GPA REQUIREMENTS. X 1 1 X X 0 1 0 Robert Corwin CEO/President 445124 0 48752 0 12794 0 18550 0 6725 0 531945 0 0 0 TIMOTHY CLOUSE SVP/Chief Innovation Officer 186222 0 19857 0 0 0 12105 0 7576 0 225760 0 0 0 WENDY EDWARDS SVP/Chief Administrative Officer 203822 0 31693 0 0 0 13753 0 6426 0 255694 0 0 0 S Griffith O'Brien SVP/Chief Membership Officer 176990 0 18734 0 0 0 12125 0 8393 0 216242 0 0 0 Jeffrey Schwarz SVP/Chief Lending Officer 176137 0 21132 0 0 0 12330 0 5417 0 215016 0 0 0 LAURIE WILSON SVP/Chief Financial Officer 203208 0 33622 0 0 0 13563 0 8963 0 259356 0 0 0 PATRICK HUEY Director of Investment Services 74767 0 0 0 104757 0 12241 0 6163 0 197928 0 0 0 JERI MAHER RE LOAN OFFICER - COMMISSIONED 86275 0 0 0 238562 0 18550 0 5152 0 348539 0 0 0 Part I, Line 1a TRAVEL FOR COMPANIONS - OCCASIONAL AIRFARE FOR SPOUSES ON CREDIT UNION OFFICIAL BUSINESS. THESE ITEMS WERE INCLUDED IN TAXABLE INCOME. Part I, Line 4b THE PRESIDENT/CEO PARTICIPATED IN A 457(F) RETIREMENT PLAN. NO DISTRIBUTIONS WERE MADE FROM THE PLAN IN 2015. CONTRIBUTIONS IN THE AMOUNT OF $380,448 WERE MADE TO THE PLAN DURING 2015. Form 990, Part VI, Section A, line 6 THE CREDIT UNION HAS MEMBERS. Form 990, Part VI, Section A, line 7a EACH MEMBER HAS ONE VOTE IN ANNUAL ELECTIONS OF MEMBERS OF THE GOVERNING BODY. Form 990, Part VI, Section B, line 11 FORM 990 IS THOROUGHLY REVIEWED BY THE CFO AND CONTROLLER PRIOR TO FILING. Form 990, Part VI, Section C, line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, line 9: PASSTHROUGH BOOK/TAX DIFFERENCE -107,321.