2015-11-13T16:29:28-06:00 2014-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2014-01-01 930496543 CENTRAL WILLAMETTE COMMUNITY CREDIT UNION CENT 5419176801 PO BOX 1899 ALBANY OR 97321 STACIE WYSS-SCHOENBORN PRESIDENT/CEO 5419176801 2015-11-13 1 P00448102 5032421447 2014 2016-03-07 17:11:31Z STACIE WYSS-SCHOENBORN PO BOX 1899 ALBANY OR 97321 11572613 0 X WWW.CENTRALWCU.ORG X 1955 OR TO PROVIDE FINANCIAL PRODUCTS AND SERVICES TO OUR MEMBERSHIP. 9 9 89 13 277181 -321162 0 0 10037782 9759665 789213 504477 896811 1304823 11723806 11568965 23138 20285 0 0 4859800 5381957 0 0 0 5213509 4897638 10096447 10299880 1627359 1269085 221882410 229695606 203255899 209148940 18626511 20546666 X TO PROVIDE RESPONSIBLE, ATTRACTIVE SAVINGS AND LOAN PROGRAMS, AND OTHER SERVICES COMMON TO THE FINANCIAL WELFARE OF ITS MEMBERS; TO CONDUCT THE SERVICES IN A PROFESSIONAL, PERSONAL, EFFICIENT, AND COMPETITIVE MANNER CONSISTENT WITH SOUND FINANCIAL AND BUSINESS PRACTICE. 0 0 CENTRAL WILLAMETTE COMMUNITY CREDIT UNION SERVICES 23,958 MEMBERS OF OUR COMMUNITY WITH DIVERSE FINANCIAL PRODUCTS AND SERVICES. DURING THE YEAR WE GRANTED A TOTAL OF 4,434 LOANS WORTH $67,147,721 TO OUR MEMBERS. WE HAVE A TOTAL LOAN PORTFOLIO OF 11,050 LOANS WORTH $148,120,393. THE CREDIT UNION MAINTAINS 43,913 ACCOUNTS FOR OUR MEMBERS WORTH $207,794,537. THE CREDIT UNION EMPLOYS 89 INDIVIDUALS FROM OUR COMMUNITY. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 5424 0 1 89 1 1 1 0 0 0 0 0 X 9 9 0 0 1 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X HOLLY HOOD 5419176839 7101 SUPRA DR SW ALBANY OR 97321 JIM HEALY CHAIRMAN 3.00 X X 0 0 0 JAMES DENHAM VICE CHAIRMAN 2.00 X X 0 0 0 DAN BEDORE SECRETARY 2.00 X X 0 0 0 FORREST BARNES DIRECTOR 2.00 X 0 0 0 TOM CUTSFORTH DIRECTOR 2.00 X 0 0 0 LEN HAINZ DIRECTOR 2.00 X 0 0 0 MARTHA LYON DIRECTOR 2.00 X 0 0 0 CAROLINA MARQUETTE DIRECTOR 2.00 X 0 0 0 BRIAN ROWSON DIRECTOR 2.00 X 0 0 0 ELAINE EASTMAN CEO 50.00 X 280878 0 34120 JEFF CHRISTMAN CFO 50.00 X 113048 0 10460 RACHEL WOLFE COO 50.00 X 125065 0 10512 GRADY CORR CIO 50.00 X 102447 0 6109 621438 0 61201 4 0 1 0 VANTIV HOLDINGS LLC 38 FOUNTAIN SQUARE PLAZA CINCINNATI OH 45202 DEBIT/ATM PROCESSING 508115 GERDING BUILDERS LLC PO BOX 1082 CORVALLIS OR 97339 CONSTRUCTION 497886 CAPPELLI MILES 2260 OAKMONT WAY 7 EUGENE OR 97401 MARKETING 436563 Q2 EBANKINGS PO BOX 205970 DALLAS TX 95320 CORE BANKING SERVICE FEES 302023 DJ ARCHITECTURE 2443 BRIGHTON WAY ALBANY OR 97322 REMODEL SERVICE FEES 153311 11 LOAN INTEREST INCOME 522100 7240845 7240845 SERVICE FEE INCOME 522100 1547351 1275129 272222 OTHER OPERATING INCOME 522100 971469 971469 9759665 445972 445972 93345 0 93345 93345 4709 88636 62153 3648 58505 58505 58505 OTHER NONOPERATING INCOME 582100 1211478 1211228 250 1211478 11568965 10698671 277181 593113 20285 682639 3697150 91592 521285 389291 9386 21591 956054 470361 1008710 469402 26692 517399 593313 103116 ANNUAL MEETING/EDUCATIO 330430 LOAN SERVICING 329857 PROVISION FOR LOAN LOSS 236000 ASSOCATION DUES 55956 -230629 10299880 3089154 3599087 65236504 66193070 137623383 146833815 1293782 1123057 16246255 7030175 9008686 9216080 5630901 2730497 221882410 229695606 2109398 1354403 48316 40049 201098185 207754488 203255899 209148940 X 0 0 0 0 18626511 20546666 18626511 20546666 221882410 229695606 X 1269085 103740 547330 X X 0 0 0 0 1 X 1817583 1817583 9392886 2764695 6628191 513963 513612 351 4494848 3724893 769955 26975 26975 0 9216080 MEMBER SHARE ACCOUNTS 117034497 CHECKING ACCOUNTS 53669041 IRA 3674825 CERTIFICATES OF DEPOSIT 33376125 207754488 PART IV, LINE 2B: ESCROW ACCOUNTS FOR MEMBER MORTGAGE LOANS. X X X X 0 0 0 ELAINE EASTMAN CEO 210338 0 70225 0 315 0 28025 0 6095 0 314998 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE BOARD APPROVED A BYLAW CHANGE TO GRANT AUTHORITY TO THE PRESIDENT/CEO TO DECLARE DIVIDENDS ON SHARES AND SET INTEREST RATES ON DEPOSITS AND DEPOSIT CERTIFICATES. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A EACH CREDIT UNION MEMBER HAS ONE VOTE TOWARDS THE ELECTION OF THE CREDIT UNION'S GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS MADE AVAILABLE FOR REVIEW BY THE BOARD AT REGULARLY SCHEDULED MEETING AFTER THE FORM IS FILED. THE CREDIT UNION'S CEO IS PROVIDED WITH A COPY OF FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EMPLOYEES MUST REVIEW THE CREDIT UNION'S CONFLICT OF INTEREST POLICY AND SIGN A STATEMENT THAT THEY HAVE READ THE POLICY. THE COMPLIANCE OFFICER OF THE CREDIT UNION CONDUCTS STAFF MEETINGS TO REVIEW THE POLICY AND ANSWER ANY QUESTIONS. THE COMPLIANCE OFFICER ALSO REVIEWS THE POLICY WITH THE BOARD OF DIRECTORS. EMPLOYEE AND DIRECTOR TRANSACTIONS ARE MONITORED BY THE CREDIT UNION'S INTERNAL AUDITOR FOR ANY POSSIBLE CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS REVIEWED BY THE CREDIT UNION'S CEO REVIEW COMMITTEE. THE COMMITTEE MAKES RECOMMENDATIONS TO THE BOARD OF DIRECTORS. THE BOARD MAKES THE FINAL DETERMINATION. KEY EMPLOYEES HAVE THEIR COMPENSATION REVIEWED BY THE CEO. IN ALL CASES INDUSTRY COMPENSATION SURVEYS AND LOCAL DATA ARE USED TO DETERMINE INDIVIDUAL AMOUNTS. THE CREDIT UNION ALSO HAS POLICIES IN THE EMPLOYEE MANUAL WHICH COVER COMPENSATION, PERFORMANCE REVIEWS AND INCENTIVES. CEO COMPENSATION WAS LAST REVIEWED 12/31/14. KEY EMPLOYEE COMPENSATION ANALYSIS WAS LAST CONDUCTED IN 2012. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF EACH BRANCH OFFICE. OTHER GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: MERGER OF CENTRAL WILLAMETTE SERVICE CORP 547,330. FORM 990, PART IV, LINE 12A AND PART XII, LINE 2B: THE CREDIT UNION DOES RECEIVE CONSOLIDATED FINANCIAL STATEMENTS IN ACCORDANCE WITH GAAP, BUT IN COMPLIANCE WITH IRS INSTRUCTIONS, SINCE FORM 990 IS PREPARED ON A CALENDAR YEAR AND THE FINANCIAL STATEMENTS ARE AUDITED ON A FISCAL YEAR, THESE QUESTIONS MUST BE ANSWERED NO. CENTRAL WILLAMETTE SERVICE CORPORATION PO BOX 1899 ALBANY OR 97321 930996768 INSURANCE OR 94919 339374 CENTRAL WILLAMETTE COMMUNITY CREDIT UNION CENTRAL WILLAMETTE SERVICE CORPORATION PO BOX 1899 ALBANY OR 97321 930996768 INSURANCE OR CENTRAL WILLAMETTE COMMUNITY CREDIT UNION C 104844 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 1 CENTRAL WILLAMETTE SERVICE CORPORATION A 4709 CASH TRANSFERRED CENTRAL WILLAMETTE SERVICE CORPORATION Q 262804 CASH TRANSFERRED CENTRAL WILLAMETTE SERVICE CORPORATION S 319954 CASH - MERGER PART I CREDIT UNION SERVICE CORPORATION WAS A FULLY OWNED ENTITY FROM 10/1/14-12/31/14. PART IV CREDIT UNION SERVICE CORPORATION WAS A RELATED ORGANIZATION FOR THE PERIOD 1/1/14-9/30/14.