2015-07-06T06:41:59-07:00 2014-12-31 990 2014-01-01 930389726 Northwest Community Credit Union NORT 5417449437 545 E 8th Ave Eugene OR 97401 Patrick Force CFO 2015-07-02 2014 2016-02-25 16:41:14Z John Iglesias 3097 Summit Sky Blvd Eugene OR 97405 50996790 false false X WWW.NWCU.COM X 1949 OR Focus on the member, add value and build partnership 9 9 349 13 20306 0 46254458 49699736 -127828 1200792 76127 22027 46202757 50922555 0 0 17609012 19106191 0 0 22147460 24292258 39756472 43398449 6446285 7524106 831028819 914307768 6380527 11883424 824648292 902424344 Focus on the member, add value and build partnership false false Focus on the member, add value and build partnership. false false false false false false false false false false true false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false true 39639 0 true 349 true true true false false false false false false false false false false X 9 9 true false false false true true false true true false true true true true true true true true true false false X X Patrick Force 5417449430 35536 Sunny Hill Lane Pleasant Hill OR 97455 Brad D Anderson Director 4.50 0.00 X 0 0 0 Barbara Blackmore Director 2.80 0.00 X 0 0 0 Janice S Blankenship Director 2.60 0.00 X 0 0 0 Joyce Fish Director 3.10 0.00 X 0 0 0 Roxanne Gillespie Director 3.20 0.00 X 0 0 0 David Driskill Director 2.90 0.00 X 0 0 0 Judy Shurts Director 2.50 0.00 X 0 0 0 Barry C Houk Director 2.70 0.00 X 0 0 0 Nancy Sikora Director 4.50 0.00 X 0 0 0 Richard Leung Director 4.50 0.00 X 0 0 0 David Rainwater Director 4.50 0.00 X 0 0 0 Dean Trotter Director 3.30 0.00 X 0 0 0 Wei Chen Director 0.20 0.00 X 0 0 0 John Iglesias CEO 40.00 0.00 X 440630 0 118182 Patrick Force CFO 40.00 0.00 X 195831 0 44030 Jon Mainard Financial Planner 40.00 0.00 X 125894 0 32683 Scott Bradley Smith Chief eXper Ofc 40.00 0.00 X 183782 0 34171 Willam E Woods Chf Lending office 40.00 0.00 X 200538 0 24457 Melissa Vigil Chf Admin Officer 40.00 0.00 X 130265 0 27042 Rex Fox Director of Faclt 40.00 0.00 X 116382 0 16473 Brent Gifford Former Chief Information Officer 33.00 0.00 X 196797 0 39118 1590119 336156 8 true true false Andersen Construction POBox Portland OR 97217 Construction 12300840 Rowell Brokaw Architects PC 1 East Broadway Suite 300 Eugene OR 97401 Architect Design 2320589 Insight Direct USA POBox 731069 Dallas TX 75373 System Software Supt 1567611 Pacific Source PO Box 7068 Eugene OR 97401 Payroll service 1437104 Etch Strategies Inc 52 Sunset Cliff Burtlington VT 05408 Brand design 813921 5 0 Interchange fees and othe 522100 5853436 5853436 Interest on loans to memb 522100 37133964 37133964 Memember acct and service 522100 6712336 6712336 49699736 1200792 1200792 0 0 91541 3000 74235 17306 3000 20306 20306 0 0 0 0 Business HE Rebates 900099 1721 1721 1721 50922555 50902249 20306 0 0 0 0 846865 0 13280957 669674 3024206 1284489 0 347457 132991 0 0 0 670074 1251472 3047150 2406403 0 1567104 304253 0 225606 3318444 0 1696397 155299 Loan product expense 5299609 Loan loss expense 2493758 Other share&loan product exp 1288413 Personal prop tax 50861 36967 43398449 0 0 0 8006984 9036029 1789363 3949231 0 0 0 1557966 1523666 728797380 809253926 0 1971667 2230839 52765012 14652128 27427042 38112884 0 0 58170824 44348799 504590 3307593 5347804 831028819 914307768 5080527 6183424 1300000 5700000 6380527 11883424 X 744536232 812867964 80112060 89556380 824648292 902424344 831028819 914307768 X 7524106 1023833 69228113 X false false false 3515277 3515277 32333953 3295100 29038853 480607 123996 356611 472505 144826 327679 15962670 11088206 4874464 38112884 Deposits in Commerical banks 10958808 F Security investments for liquidity 24373654 F Deposit in NCUSIF- member acct ins fund 7689967 C FHLB Stock 1208600 C Coop network inv for member acct 118070 C X true true X X X X true true false Brent Gifford Former Chief Information Officer 122703 73517 577 39118 235915 John Iglesias CEO 347551 72677 20402 118182 558812 Jon Mainard Financial Planner 48126 77653 115 32683 158577 Melissa Vigil Chf Admin Officer 113571 15467 1227 27042 157307 Patrick Force CFO 163501 28169 4161 44030 239861 Scott Bradley Smith Chief eXper Ofc 158531 21814 3437 34171 217953 Willam E Woods Chf Lending office 167079 28110 5349 24457 224995 Part I, Line 1a: Relevant information in regards to selections on 1a. Travel for a spouse or companion was sometimes provided by the credit union for exectives or directors on business trips. All expenses incurred on behalf of the spouse or companion were totalled for the year end and a 1099 Misc was issued when appropriate. There is written policy that requires pre-approval, receipts, and documentations. Part III, Additional Information 1)Brent Gifford, Former CIO, received a severance payout during the year of $37,5002) John Iglesias, the CEO, will be the recipient of a non-qualified retirement paln that is accruing and will be paid out beginning in 2017 and continuing through 2029. It is based on employement with the organization and is currently 0% vested. The value of this plan for 2014 is $354,545 Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Two of the directors, Joyce Fish and Judy Shurts, are sisters. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder As a credit union we have members who maintain a $5 share account with us. Form 990, Part VI, Line 11b: Form 990 Review Process The CFO reviews the 990 and the supporting schedules. After the review and before it is filed, the Form 990 is reviewed by the CEO and the directors. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts All officers and key employees are required yearly to affirm that they have disclosed interests that could give rise to conflicts. Directors are asked initially to disclose any of these interests and are made aware regularly that they must disclose any new interests, but they are not required to do so formally each year. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management A committee of the governing body meets and evaluates comparable compensation data from serveral sources including Human Resource List Serve, Northwest Financial Industry Survey, and other regional credit unions. The committe assembles an appropriate compensation pakcage which is discussed with and voted on by the entire governing body. Minutes of the meeting are recorded and retained. This process is used to set the CEO's compensation. Other officers' and key employees' salaries are set by the CEO within the budget parameters set by the Executive Leadership Team and approved by the governing body. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The organization places monthly summarized and yearly detailed financial statements on its website. The governing body documents and conflict of interest policies are available upon request. Other Changes In Net Assets Or Fund Balances - Other Decreases Decrease of investments program related = -$11204277 Other Changes In Net Assets Or Fund Balances - Other Decreases Decrease of loans from disqualified persons = -$34300 Other Changes In Net Assets Or Fund Balances - Other Decreases Decrease of other assets = -$577537 Other Changes In Net Assets Or Fund Balances - Other Decreases Increase of Accounts Payable = -$1102896 Other Changes In Net Assets Or Fund Balances - Other Increases Increase of cash = $969045 Other Changes In Net Assets Or Fund Balances - Other Increases increase of intangible assets = $504590 Other Changes In Net Assets Or Fund Balances - Other Increases Increase of land and building = $10685842 Other Changes In Net Assets Or Fund Balances - Other Increases Increase of loans and receivables, net = $80456546 Other Changes In Net Assets Or Fund Balances - Other Decreases Increase of Mortgage and notes payable = -$4400000 Other Changes In Net Assets Or Fund Balances - Other Increases INcrease of prepaid expenses and deferred charges = $319171 Other Changes In Net Assets Or Fund Balances - Other Increases Increase of savings and temperary cash investments = $2159868 Other Changes In Net Assets Or Fund Balances - Other Decreases Net income = -$7524106 Other Changes In Net Assets Or Fund Balances - Other Decreases Unrealized Gain/loss of investments = -$1023833