2014-11-10T17:39:44-06:00 2013-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2013-01-01 930243503 UNITUS COMMUNITY CREDIT UNION UNIT 5032275571 PO BOX 1937 PORTLAND OR 972071937 GREG A SPEAR VP OF FINANCE/CFO 5032275571 2014-11-06 1 WENDY CAMPOS P00448102 5032421447 2013 2015-11-30 17:44:51Z PATRICIA E SMITH PO BOX 1937 PORTLAND OR 972071937 78320809 0 X WWW.UNITUSCCU.COM X 1937 OR CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSE. 7 7 281 15 1552420 -716684 0 0 39965923 39039265 11036613 6116030 -2200347 1205952 48802189 46361247 76937 96736 0 0 15804741 17276391 0 0 0 28333735 26300972 44215413 43674099 4586776 2687148 913523378 933220786 827805534 851307015 85717844 81913771 CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSE. 0 0 PROVIDE FINANCIAL SERVICES TO 83,462 MEMBERS. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, PROVIDING REAL ESTATE AND OTHER SECURED/ UNSECURED CONSUMER LOANS, CHECKING AND SAVINGS PROGRAMS, AND CREDIT CARD SERVICES. SUPPORT COMMUNITIES IN OUR FIELD OF MEMBERSHIP, INCLUDING CORPORATE PHILANTHROPY. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 1 0 0 0 0 1 1 1 1 0 1 16441 0 1 281 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X GREG A SPEAR 5032275571 1300 SW 6TH AVENUE PORTLAND OR 97201 SUSAN IGGULDEN CHAIR 2.00 X X 0 0 0 JAMES H LEWIS VICE CHAIR 2.00 X X 0 0 0 LORA MULLER SECRETARY 2.00 X X 0 0 0 GORDON AKESON DIRECTOR 1.00 X 0 0 0 TOM FAULKNER DIRECTOR 1.00 X 0 0 0 DON MASON DIRECTOR 1.00 X 0 0 0 SCOTT THOMPSON DIRECTOR 1.00 X 0 0 0 PATRICIA E SMITH PRESIDENT/CEO/TREASURER 55.00 X 483441 0 681546 JASON WERTS COO 55.00 X 214923 0 30984 GREG SPEAR VP OF FINANCE/CFO 55.00 X 133705 0 7105 BRIAN IRVINE VP OF INFORMATION TECHNOLOGY/CIO 55.00 X 191431 0 29085 LAURIE KRESL VP OF PLANNING & BUSINESS 55.00 X 154291 0 21681 GAYLE EVANS VP OF HUMAN RESOURCES 55.00 X 167977 0 27397 JAMES ALEXANDER CIA 55.00 X 142339 0 17985 KEVIN SMITH NETWORK OPERATIONS MANAGER 55.00 X 120935 0 23841 DAWN MCCARN AVP CREDIT SERVICES 55.00 X 117257 0 15579 GARY COATES BUSINESS APPLICATIONS MANAGER 55.00 X 101014 0 22380 1827313 0 877583 10 0 1 0 CURRENCE 1600 CHRISTENSEN RD SUITE 100 TUKWILA WA 98188 ELECTRONIC/CARD TRANSACTION SERVICES 808438 AUGEO MARKETING 1620 BOND ST NAPERVILLE IL 65063 VISA REWARDS SUPPORT 537275 BIT 710 SW 34TH ST RENTON WA 98057 MAILING SERVICES 461658 CU CO-OP 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 ATM SUPPORT 371499 VISA USA 900 METRO CENTER BLVD FOSTER CITY CA 94404 ELECTRONIC/CARD TRANSACTION SERVICES 363609 27 INTEREST ON LOANS 522100 23939496 23939496 SERVICE CHARGES & FEES 522100 10944737 10598194 346543 MORTGAGE BANKING/LOAN SERVICING 522100 4155032 4155032 39039265 6109281 6109281 30495489 147325 30496460 139605 -971 7720 6749 -34 6783 2601324 1323497 1277827 1277827 PASSTHROUGH INCOME 900099 -71875 -71916 41 -71875 46361247 38692722 1552420 6116105 85736 11000 2143566 10822557 1354272 1757220 1198776 154039 77096 113135 474956 818896 2224178 1138619 2439564 102309 129642 6471058 1452867 830581 LOAN SERVICING 2655610 PROVISION FOR LOAN LOSS 1818090 VISA SUPPORT 1773251 TAXES PAID ON UBI 5594 3621487 43674099 148413967 155382132 380079 467306 1194938 1458654 522494843 554611191 933217 1284207 19727271 10988248 10012754 8739023 210552301 193258123 10966023 11299591 8575256 6720559 913523378 933220786 5667174 6939570 621629 0 15000000 15000000 806516731 829367445 827805534 851307015 X 0 0 23423471 23423471 62294373 58490300 85717844 81913771 913523378 933220786 X 2687148 -3294300 -3196921 X 0 1 X 1 0 10000 10000 10000 1 CREDIT UNION LEGISLATIVE ACTION FUND PO BOX 1900 BEAVERTON OR 97075 800043051 10000 PART I-A, LINE 1: THE CREDIT UNION HAS ONLY INDIRECT POLITICAL CAMPAIGN ACTIVITY: A CONTRIBUTION TO THE CREDIT UNION LEGISLATIVE ACTION FUND. 0 1 X 1001331 1001331 10958342 4683892 6274450 7767598 6304356 1463242 8739023 DEFERRED COMPENSATION 2753306 MEMBERS' SHARES 824322362 DISCONTINUED DEFERRED CONTRIBUTION PLAN 2291777 829367445 X PART IV, LINE 2B: THE CREDIT UNION HAS TWO TYPES OF ESCROW ACCOUNTS INCLUDED ON PART X, LINE 21. ONE TYPE IS A CUSTODIAL CASH ACCOUNT IN WHICH THE CREDIT UNION HOLDS CASH RELATED TO FNMA LOANS; PRINCIPAL AND INTEREST PAYMENTS ARE FORWARDED TO FNMA, AND TAXES AND INSURANCE PAYMENTS RELATED TO THESE LOANS ARE SENT DIRECTLY TO THE TAXING AUTHORITIES AND INSURANCE COMPANIES. THE OTHER TYPE IS A TAX AND INSURANCE ESCROW ACCOUNT FOR MEMBER LOANS; PAYMENTS ARE SENT DIRECTLY TO THE TAXING AUTHORITIES AND INSURANCE COMPANIES ON BEHALF OF THE CREDIT UNION MEMBERS. THE CREDIT UNION DOES NOT HAVE ANY ESCROW ACCOUNTS AT THE END OF THE TAX YEAR. PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE - THE CREDIT UNION WOULD RECOGNIZE A TAX BENEFIT FOR UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WOULD BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT WOULD BE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE CREDIT UNION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS AN ADMINISTRATIVE EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2013 AND 2012, NO INTEREST AND PENALTIES WERE RECOGNIZED. 1 CHILDREN'S MIRACLE NETWORK 205 W 700 S SALT LAKE CITY UT 84101 870387205 501(C)(3) 38893 CREDIT UNIONS FOR KIDS/DOERNBECHER CHILDREN'S HOSPITAL SCHOOLHOUSE SUPPLIES 2735 NE 82ND AVE PORTLAND OR 97220 204223437 501(C)(3) 10100 CELEBRITY SPELLING BEE/TOOLS FOR SCHOOLS 2 ACADEMIC SCHOLARSHIPS - BASED ON GPA/POTENTIAL IN CHOSEN FIELD AND COMMUNITY 5 5000 NEED-BASED SCHOLARSHIPS - BASED ON FINANCIAL NEED, SCHOLASTIC STANDING AND COMMUNITY INVOLVEMENT 5 5000 COMMUNITY INVOLVEMENT SCHOLARSHIPS - BASED ON COMMUNITY INVOLVEMENT 1 1000 PART I, LINE 2: THE CREDIT UNION SENDS SCHOLARSHIP RECIPIENTS A NOTICE OF AWARD SPECIFYING THE TERMS OF THE SCHOLARSHIP AWARD, WHICH THE RECIPIENT IS REQUIRED TO SIGN AND RETURN TO THE ORGANIZATION. THE CREDIT UNION WILL THEN SEND A CHECK DIRECTLY TO THE FINANCIAL AID OFFICE OF THE INSTITUTION TO BE ATTENDED. THE FINANCIAL AID OFFICE WILL DISBURSE THE FUNDS IN PAYMENT OF FEES OR OTHER CHARGES UPON VERIFICATION AS A FULL-TIME STUDENT. REFUNDS RESULTING FROM A STUDENT'S FAILURE TO COMPLETE A FULL STUDY PERIOD WILL BE RETURNED TO THE CREDIT UNION FOR DEPOSIT IN THE SCHOLARSHIP ACCOUNT. X X 1 1 X X X X 0 1 0 PATRICIA E SMITH PRESIDENT/CEO/TREASURER 392595 0 79746 0 11100 0 671152 0 10394 0 1164987 0 0 0 JASON WERTS COO 195592 0 19331 0 0 0 16853 0 14131 0 245907 0 0 0 BRIAN IRVINE VP OF INFORMATION TECHNOLOGY/CIO 172311 0 19120 0 0 0 14954 0 14131 0 220516 0 0 0 LAURIE KRESL VP OF PLANNING & BUSINESS 137909 0 16382 0 0 0 12094 0 9587 0 175972 0 0 0 GAYLE EVANS VP OF HUMAN RESOURCES 148970 0 19007 0 0 0 13266 0 14131 0 195374 0 0 0 JAMES ALEXANDER CIA 128557 0 13782 0 0 0 10790 0 7195 0 160324 0 0 0 PART I, LINE 1A BOARD MEMBERS BRING SPOUSES TO THE GAC CONFERENCE EACH YEAR. ADDITIONALLY, THE CREDIT UNION PAYS MEMBERSHIP FEES FOR UNIVERSITY CLUB FOR THE PRESIDENT. PART I, LINE 4B THE CREDIT UNION MAINTAINS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR THE BENEFIT OF THE CEO. CONTRIBUTIONS OF $454,000 WERE MADE TO THE PLAN IN 2013. LAURIE KRESL VP AUTO X 12617 10923 0 0 1 LAURIE KRESL VP MORTGAGE X 302000 279284 0 1 1 BRIAN IRVINE VP AUTO X 41880 34048 0 0 1 BRIAN IRVINE VP MORTGAGE X 196000 181939 0 1 1 BRIAN IRVINE VP HOME EQUITY LOAN X 26500 22694 0 1 1 GAYLE EVANS VP AUTO X 17686 7622 0 0 1 GAYLE EVANS VP MORTGAGE X 281000 259590 0 1 1 GAYLE EVANS VP HOME EQUITY LOAN X 50000 45229 0 1 1 JAMES ALEXANDER CIA AUTO X 27148 27225 0 0 1 JAMES ALEXANDER CIA MORTGAGE X 302200 277456 0 1 1 JASON WERTS COO AUTO X 47891 9776 0 0 1 JASON WERTS COO MORTGAGE X 337400 302868 0 1 1 1458654 MEMBER ACCESS PACIFIC LLCCURRENCE LLC (MAP) P SMITH (UNITUS PRES/CEO) & B IRVINE (UNITUS KEY EMP) ARE DIRECTORS OF MAP 808438 SERVICE FEES PAID TO MAP FOR DEBIT/CREDIT CARD PROCESSING 0 SEE PART V FOR CONTINUATION 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS 83,462 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A CREDIT UNION MEMBERS ARE ENTITLED TO ONE VOTE EACH IN ELECTIONS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE CONTROLLER REVIEWS ALL ENTRIES TO FORM 990 BY COMPARING THE ENTRIES TO BOOKS OF THE CORPORATION. THE CFO AND CEO & PRESIDENT ALSO THEN REVIEW FORM 990 BEFORE FILING. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS PERFORMS A FINAL REVIEW, AND A COPY OF FORM 990 IS PROVIDED TO ALL BOARD MEMBERS BEFORE THE FORM IS FILED. FORM 990, PART VI, SECTION B, LINE 12C A BOARD-APPROVED STANDARDS OF CONFLICT POLICY EXISTS TO ADDRESS ACTUAL OR PERCEIVED CONFLICTS OF INTEREST. THE POLICY APPLIES TO ALL EMPLOYEES AND THE BOARD/OFFICIAL FAMILY. CONFLICTS OF INTEREST ARE REPORTED AND HANDLED BY THE CHIEF INTERNAL AUDITOR, CHIEF EXECUTIVE OFFICER, OR BOARD CHAIRPERSON DEPENDING ON WHO IS INVOLVED IN THE CONFLICT. CONFLICTS OF INTEREST ARE GENERALLY AVOIDED AND THE APPROPRIATE COURSE OF ACTION IS DETERMINED BASED ON THE SITUATION. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES DEPARTMENT HIRES AN OUTSIDE CONSULTANT TO PERFORM A MARKET SURVEY FOR THE CEO COMPENSATION PACKAGE. THE RESULTS ARE THEN COMPILED AND A RECOMMENDATION IS PRESENTED TO THE EXECUTIVE COMMITTEE. RECOMMENDATIONS CONFORM TO A BOARD-APPROVED COMPENSATION PHILOSOPHY. THE HUMAN RESOURCES DEPARTMENT HIRES AN OUTSIDE CONSULTANT TO PERFORM A MARKET SURVEY FOR OFFICER AND OTHER KEY EMPLOYEE COMPENSATION PACKAGES. THE RESULTS ARE THEN COMPILED AND ARE SUBJECT TO APPROVAL BY THE CEO. RECOMMENDATIONS CONFORM TO A BOARD-APPROVED COMPENSATION PHILOSOPHY. THE PROCESS IS ANNUAL; IT WAS LAST DONE FEBRUARY 2013. FORM 990, PART VI, SECTION C, LINE 19 A PAPER COPY OF THE AUDITED FINANCIAL STATEMENTS MAY BE VIEWED IN THE FINANCE DEPARTMENT AT AN INDIVIDUAL'S REQUEST. ADDITIONALLY, ANNUAL REPORTS ARE AVAILABLE VIA THE CREDIT UNION'S WEBSITE. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: PASSTHROUGH INCOME 104,102. SUBISIDIARY PURCHASE OF NONCONTROLLING INTEREST/CONSOLIDATION -883,931. CHANGE IN OTHER COMPREHENSIVE INCOME -2,417,092. SMARTWAY AUTO ADVISOR LLC PO BOX 1937 PORTLAND OR 97207 263105299 USED AUTO SALES OR -645825 478719 UNITUS COMMUNITY CREDIT UNION SMARTWAY AUTO ADVISOR LLC PO BOX 1937 PORTLAND OR 97207 263105299 USED AUTO SALES OR UNITUS COMMUNITY CREDIT UNION UNRELATED -92737 0 -92778 1 0.51000 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 SMARTWAY AUTO ADVISOR LLC D 300000 LINE OF CREDIT AVAILABLE SMARTWAY AUTO ADVISOR LLC R 46335 CASH PAID SMARTWAY AUTO ADVISOR LLC S 48647 CASH RECEIVED FORM 990, SCHEDULE R, PARTS I AND III IN PRIOR YEARS, THE CREDIT UNION OWNED A 51% VOTING AND PROFIT SHARING INTEREST IN SMARTWAY AUTO ADVISOR LLC (SMARTWAY) AND REPORTED THE RELATIONSHIP ACCORDINGLY IN PART III, IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS A PARTNERSHIP. ON 2/19/13, THE CREDIT UNION ACQUIRED ALL OF THE NON-CONTROLLING INTEREST IN SMARTWAY AND IS REPORTING THE RELATIONSHIP SUBSEQUENT TO THIS DATE IN PART I, IDENTIFICATION OF DISREGARDED ENTITIES. TRANSACTIONS BETWEEN THE CREDIT UNION AND SMARTWAY THROUGH 2/19/13 ARE REPORTED IN PART V, TRANSACTIONS WITH RELATED ORGANIZATIONS.