2014-11-17T16:35:53-06:00 2013-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2013-01-01 930251640 ADVANTIS CREDIT UNION ADVA 5037852528 10501 SE MAIN STREET MILWAUKIE OR 97222 LAURIE WILSON SVP/CHIEF FINANCIAL OFFICER 5037852528 2014-11-17 1 WENDY CAMPOS P00448102 5032421447 2013 2015-11-30 17:44:51Z PATRICK HAGER 10501 SE MAIN STREET MILWAUKIE OR 97222 50194167 0 X WWW.ADVANTISCU.ORG X 1928 OR PROVIDING FINANCIAL SERVICES TO MEMBERS 9 9 207 15 948982 32044 0 0 42721799 46926446 3130966 3011112 6040 6680 45858805 49944238 100902 139982 0 0 10330052 11253109 0 0 0 21074388 25194493 31505342 36587584 14353463 13356654 987827326 1113082112 890988489 1004403375 96838837 108678737 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 55,743 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 23236 0 1 207 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 1 1 0 X LAURIE WILSON 5037852528 10501 SE MAIN STREET MILWAUKIE OR 97222 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 JOSH ROBERTS BOARD MEMBER 2.00 X 0 0 0 TAMMY TESKE BOARD MEMBER 2.00 X 0 0 0 AARON KNOTT ALTERNATE BOARD MEMBER 2.00 X 0 0 0 DAVID ROSSI ALTERNATE BOARD MEMBER 2.00 X 0 0 0 ROBERT CORWIN CEO/PRESIDENT 40.00 X 428329 0 61076 TIMOTHY CLOUSE SVP/CHIEF INNOVATION OFFICER 40.00 X 254451 0 32200 WENDY EDWARDS SVP/CHIEF ADMINISTRATIVE OFFICER 40.00 X 271161 0 32979 S GRIFFITH O'BRIEN SVP/CHIEF MEMBERSHIP OFFICER 40.00 X 93228 0 16533 JEFFREY SCHWARZ SVP/CHIEF LENDING OFFICER 40.00 X 176362 0 22017 LAURIE WILSON SVP/CHIEF FINANCIAL OFFICER 40.00 X 268301 0 37278 PATRICK HUEY DIRECTOR OF INVESTMENT SERVICES 40.00 X 231528 0 37123 JERI MAHER RE LOAN OFFICER - COMMISSIONED 52.90 X 248150 0 16905 CLIFF BRADY COMMERICAL RE LOAN ORIGINATOR 40.00 X 108273 0 22487 SCOTT JONES RE LOAN UNDERWRITER - LEAD 59.90 X 134488 0 12144 CAROLYN KORSKI RE LOAN OFFICER - COMMISSIONED 40.30 X 145958 0 19928 KIMBERLY LIU RE LOAN OFFICER - COMMISSIONED 40.80 X 117927 0 13421 DARIN WALDING RE LOAN MANAGER 40.00 X 108864 0 12410 2587020 0 336501 13 0 1 0 SECONDARY MARKETING RESOURCES 55 COTTAGE ST WELLESLEY MA 02482 MORTGAGE SALE CONTRACTS 341664 LOOMIS PO BOX 94600 SEATTLE WA 98124 ATM CASH SERVICES 268893 BARRICK CONSULTING LLC 9707 SE WYNDHAM WAY HAPPY VALLEY OR 97086 MANAGEMENT CONSULTING 209500 EQUIFAX PO BOX 403562 ATLANTA GA 30348 CREDIT BUREAU REPORTS 204048 ONGOING OPERATIONS LLC PO BOX 218 MAUGANSVILLE MD 21767 BUSINESS CONTINUITY PLANNING 149138 14 INTEREST ON LOANS 522100 33652046 33652046 MORTGAGE BANKING REVENUE 522100 7638336 7638336 SERVICE CHARGES & FEES 522100 4589313 4538857 50456 OTHER INCOME 522100 1046751 341543 705208 46926446 2930473 193318 2737155 6680 0 6680 6680 6680 330568 249929 80639 80639 91035 -10396 49944238 46261817 948982 2733439 117982 22000 2227620 6212841 267032 1737054 808562 106948 97931 26260 564401 642222 997648 2284734 800748 191068 199251 9602758 1272283 657534 PROVISION FOR LOAN LOSS 3389267 VISA/ATM EXPENSE 1857333 LENDING EXPENSE 1053726 TAXES ON UBI 3662 1446719 36587584 66278276 35054389 12292000 30422000 738928928 877349679 502116 561321 18496909 8737930 9552658 9758979 94677305 97867488 5098500 5047200 60497543 57021056 987827326 1113082112 4763041 4643919 20000000 30000000 866225448 969759456 890988489 1004403375 X 0 0 0 0 96838837 108678737 96838837 108678737 987827326 1113082112 X 13356654 -1346285 -170469 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 8506485 2247743 6258742 2469970 963803 1506167 7073075 5526384 1546691 9758979 LOANS HELD FOR SALE 10439596 OTHER ASSETS 5033696 NATIONAL CREDIT UNION SHARE INSURANCE FUND 8444525 ACCRUED INTEREST RECEIVABLE 2979427 MORTGAGE SERVICING RIGHTS 6879767 CREDIT UNION-OWNED LIFE INSURANCE 23244045 57021056 MEMBERS' SHARES 969759456 969759456 X 49773769 0 49773769 170469 170469 49944238 36587584 0 36587584 0 36587584 PART X, LINE 2: THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2013 AND 2012. ADDITIONALLY, THE CREDIT UNION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS AN ADMINISTRATIVE EXPENSE. HOWEVER, DURING THE YEARS ENDED DECEMBER 31, 2013 AND 2012, THE CREDIT UNION RECOGNIZED NO INTEREST AND PENALTIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: PASSTHROUGH BOOK/TAX DIFFERENCE 1 CLACKAMAS WOMEN'S SERVICES 704 MAIN ST SUITE 200 OREGON CITY OR 97046 930900119 501(C)(3) 10000 FF&E FOR SHELTER DOVELEWIS EMERGENCY ANIMAL HOSPITAL 1945 NW PETTYGROVE PORTLAND OR 97209 930621534 501(C)(3) 9500 LIGASURE VETERINARY EQUIPMENT DAVID'S HARP 11261 NE KNOTT PORTLAND OR 97220 930771871 501(C)(3) 10000 APPLIANCES (FREEZER, RANGE AND DISHWASHER) BOYS AND GIRLS AID 018 SW BOUNDARY CT PORTLAND OR 97239 930386791 501(C)(3) 5500 PAINTING SUPPLIES AND LABOR GROWING GARDENS 2203 NE OREGON ST PORTLAND OR 97232 931213728 501(C)(3) 10000 GARDENING EQUIPMENT IMPACT NW 10055 E BURNSIDE ST PORTLAND OR 97216 930557964 501(C)(3) 9146 PUPPET MAKING SUPPLIES AND OFFICE SUPPLIES FRIENDS OF THE CHILDREN 44 NE MORRIS ST PORTLAND OR 97212 931098105 501(C)(3) 7500 DONATION TO SCHOLARSHIP FUND FIRST TECH FCU 3555 SW 153 DR BEAVERTON OR 97006 930412056 501(C)(14) 10000 GOLF TOURNAMENT - EAGLE SCHOLARSHIP 7 1 COLLEGE SCHOLARSHIPS 22 22000 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 X 0 1 0 ROBERT CORWIN CEO/PRESIDENT 400000 0 17308 0 11021 0 55141 0 5935 0 489405 0 0 0 TIMOTHY CLOUSE SVP/CHIEF INNOVATION OFFICER 160682 0 101934 0 -8165 0 25709 0 6491 0 286651 0 0 0 WENDY EDWARDS SVP/CHIEF ADMINISTRATIVE OFFICER 171501 0 106221 0 -6561 0 27245 0 5734 0 304140 0 0 0 JEFFREY SCHWARZ SVP/CHIEF LENDING OFFICER 180102 0 0 0 -3740 0 16200 0 5817 0 198379 0 0 0 LAURIE WILSON SVP/CHIEF FINANCIAL OFFICER 167506 0 107169 0 -6374 0 29466 0 7812 0 305579 0 0 0 PATRICK HUEY DIRECTOR OF INVESTMENT SERVICES 110000 0 0 0 121528 0 31697 0 5426 0 268651 0 0 0 JERI MAHER RE LOAN OFFICER - COMMISSIONED 45567 0 102347 0 100236 0 12079 0 4826 0 265055 0 0 0 CAROLYN KORSKI RE LOAN OFFICER - COMMISSIONED 24104 0 0 0 121854 0 16733 0 3195 0 165886 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - OCCASIONAL AIRFARE FOR SPOUSES ON CREDIT UNION OFFICIAL BUSINESS. PART I, LINE 4B THE PRESIDENT/CEO PARTICIPATED IN A 457(F) RETIREMENT PLAN. NO DISTRIBUTIONS WERE MADE FROM THE PLAN IN 2013. 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 B, LINE 15 COMPENSATION PROCESS FOR CEO: THE BOARD OF DIRECTORS REVIEWS AN ANNUAL THIRD PARTY SALARY SURVEY FOR THE CEO POSITION AND SETS AN UPDATED SALARY RANGE. COMPENSATION PROCESS FOR OFFICERS AND KEY EMPLOYEES: THIRD PARTY SURVEYS ARE OBTAINED FOR ALL STAFF ON AN ANNUAL BASIS. SALARY RANGES FOR THESE POSITIONS ARE PREPARED BY THE VP OF HUMAN RESOURCES AND APPROVED BY THE CEO. 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 -170,469.