2016-08-15T10:25:37-07:00 2015-12-31 990 2015-01-01 930465543 MARION AND POLK SCHOOLS CREDIT UNION MARI 5035880181 PO BOX 12398 SALEM OR 97309 SHANNON KAMMERMAN CONTROLLER 5035880181 2016-08-14 2015 2016-09-27 15:27:22Z Shannon Kammerman PO Box 12398 Salem OR 97309 27546970 0 X WWW.MAPSCU.COM X NON-PROFIT 1935 OR Credit Union 7 7 288 12 0 0 0 0 21511560 24743423 2185440 2136521 491300 494501 24188300 27374445 0 0 0 0 9255770 10219458 0 0 0 10626357 11960291 19882127 22179749 4306173 5194696 498469240 551478034 460604690 508696216 37864550 42781818 Credit Union 0 0 22179749 0 27374445 COOPERATIVE BASED FINANCIAL INSTITUTION, PROMOTES THRIFT AND AFFORDABLE FINANCIAL SERVICES. 0 0 0 22179749 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 288 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 Shannon Kammerman 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 363698 0 0 Kevin Cole CFO 50 0 X 171736 0 0 Charles Daiker VP Information Technology 0 0 X 126477 0 0 Patty Walker VP Commercial Lending 50 0 X 126375 0 0 Toni Silbernagel VP Consumer Lending 50 0 X 127408 0 0 David Deckelmann VP CUSOs 50 0 X 118301 0 0 Traci Kendall VP Operations 50 0 X 122202 0 0 Christopher Federici VP of Financial Subsidiaries 50 0 X 141346 0 0 Shane Saunders VP Development 50 0 X 122135 0 0 Melvin Monroe III Director of Finance 50 0 X 100669 0 0 David Halter Mortgage Loan Manager 50 0 X 140974 0 0 John Harris GM-CU Insurance Alliance 50 0 X 113650 0 0 Justin Harder Director of Information Technology 50 0 X 108798 0 0 Pamela Woodcock Director of Private Client 50 0 X 114234 0 0 Elaine Rosenberg CEO Advanced Reporting 50 0 X 107053 0 0 2105056 0 0 15 0 1 0 FISERV PO Box 416564 Boston MA 02241 Software provider 1130162 Momentum 1520 4th Ave Suite 300 Seattle WA 98101 General Contractor 900878 FIDELITY PO BOX 4535 CAROL STREAM IL 60197 CARD PROCESSING 790373 Rich Duncan Construction 2295 Rural Ave SE Salem OR 97302 Construction 341144 Century Link PO Box 91155 Seattle WA 98111 Communication 235401 17 0 Interest and Fee Income 522130 24711793 24711793 0 0 Membership Dues 522130 31630 31630 0 0 0 0 0 0 24743423 2304046 2304046 0 0 0 0 0 0 0 0 0 0 231351 0 0 0 231351 0 231351 231351 0 0 0 5000 0 172525 0 -167525 -167525 -167525 0 0 Commissions 522130 263150 263150 0 0 0 0 0 0 263150 27374445 27374445 0 0 0 0 0 0 2105056 0 5886004 444836 832685 950877 0 13435 583345 0 0 0 793501 420080 1282904 765777 0 1295473 0 0 257600 694500 0 1412930 128836 ATM Network Services 1934180 Provision for Loan Loss 503863 Loan and Lease Expenses 1059567 Billpayer Services 601646 212654 22179749 0 0 0 29873625 41592348 0 0 0 0 238411 695706 1996344 2178773 0 0 340420631 385076717 526925 1719987 810325 924121 31381224 10282846 18200521 21098378 0 0 96183374 87823907 0 0 0 0 10219084 10368097 498469240 551478034 7048348 9676622 0 0 0 0 0 0 0 0 0 0 0 0 0 0 453556342 499019594 460604690 508696216 X 0 0 0 0 37864550 42781818 37864550 42781818 498469240 551478034 5194696 -277428 0 0 0 0 X 1 1 1 0 0 4502817 4502817 0 12278527 619430 11659097 0 4325282 1549717 2775565 0 9339502 7492552 1846950 0 935096 621147 313949 21098378 76824107 F 0 F Equity in FHLB 598200 F Equity in CLF 1250206 F CU Owned Life Insurance 8672187 F Investment in 457 Annuity 479207 F 87823907 0 Member Deposits and Share Accounts 499019594 499019594 X 27374445 0 0 0 0 0 27374445 0 0 0 27374445 22179749 0 0 0 0 0 22179749 0 0 0 22179749 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 consolidated financial statements. Additionally, no interest or 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. X 1 1 X 0 0 0 Mark Zook PRESIDENT/CEO 324375 0 38030 0 13643 0 36000 0 0 0 412048 0 355794 0 Kevin Cole CFO 154313 0 25333 0 6010 0 10330 0 0 0 195986 0 183571 0 Schedule J, Part I, Line 1a Club Membership Schedule J, Part I, Line 3 Board of Directors reviews and approves CEO and CFO compensation. Charles J Daiker Executive Mastercard X 8000 7624 0 1 1 Charles J Daiker Executive Auto X 39327 25146 0 1 1 David D Deckelmann Executive Mortgage X 200000 196622 0 1 1 Kevin L Cole Executive Auto X 19833 5571 0 1 1 Mark A Zook Executive Home Equity X 158000 103895 0 1 1 Mark A Zook Executive Mastercard X 10500 5307 0 1 1 Mark A Zook Executive Mortgage X 595000 570000 0 1 1 Mark A Zook Executive Home Equity X 100000 93234 0 1 1 Patricia A Walker Executive Mastercard X 5000 409 0 1 1 Shane Saunders Executive Mortgage X 350000 336569 0 1 1 Toni L Silbernagel Executive Auto X 32500 31877 0 1 1 Toni L Silbernagel Executive Personal X 6000 1874 0 1 1 Toni L Silbernagel Executive Personal X 6200 2792 0 1 1 Toni L Silbernagel Executive Mastercard X 20000 10442 0 1 1 Toni L Silbernagel Executive Auto X 28278 13049 0 1 1 Toni L Silbernagel Executive Home Equity X 24500 22647 0 1 1 Toni L Silbernagel Executive Mortgage X 220500 211513 0 1 1 Bradley C Tedrow Board Member Home Equity X 20000 376 0 1 1 Daniel C Penn Board Member Mastercard X 10000 91 0 1 1 Daniel C Penn Board Member Mortgage X 300000 276567 0 1 1 Joe A Phillippay Board Member Mastercard X 25000 19483 0 1 1 Judy A Beebe Board Member Mastercard X 7750 5583 0 1 1 Peyton T Lieuallen Board Member Mastercard X 10050 89 0 1 1 Peyton T Lieuallen Board Member Business X 25000 7280 0 1 1 Peyton T Lieuallen Board Member Business X 72000 64573 0 1 1 Philip B Frey Board Member Mortgage X 100000 95791 0 1 1 Travis J Young Board Member Auto X 35000 34104 0 1 1 Travis J Young Board Member Auto X 12632 3286 0 1 1 Gordon D Sawser Board Member Home Equity X 60000 32979 0 1 1 2178773 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 & Mark Zook, CEO along with others are partial owners of a piece of property. Form 990, Part VI, Section A, Line 6 Credit Union Members Form 990, Part VI, Section A, Line 7a Credit Union members elect Board of Directors Form 990, Part VI, Section A, Line 7b Mergers and removal of directors require member approval Form 990, Part VI, Section B, Line 11b 990 reviewed by Chief Financial Officer 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. Independent board reviews and negotiates CEO and CFO compensation. CEO and CFO review executive employee compensation. Executive team reviews compensation for all other positions. Form 990, Part VI, Section C, Line 19 Financial statements and policies are available for member review. MAPS SERVICE AGENCY PO BOX 12398 SALEM OR 97309 930575675 INSURANCE, CELL PHONES AND CREDIT REPORTS OR MARION AND POLK SCHOOLS CREDIT UNION C 137215 1339361 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 MAPS SERVICE AGENCY d 815000 Credit line to owned CUSO determined by Board of Directors. Extension Filed.