2014-11-10T12:31:49-06:00 2013-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2013-01-01 930496543 CENTRAL WILLAMETTE COMMUNITY CREDIT UNION CENT 5419176801 PO BOX 1899 ALBANY OR 97321 ELAINE EASTMAN CEO 5419176801 2014-10-28 1 P00448102 5032421447 2013 2015-11-30 17:44:51Z ELAINE EASTMAN PO BOX 1899 ALBANY OR 97321 11846939 0 X WWW.CENTRALWCU.ORG X 1955 OR TO PROVIDE FINANCIAL PRODUCTS AND SERVICES TO OUR MEMBERSHIP. 9 9 114 13 196633 -355348 0 0 10425447 10037782 450233 789213 964049 896811 11839729 11723806 15532 23138 0 0 4653336 4859800 0 0 0 5593943 5213509 10262811 10096447 1576918 1627359 218906504 221882410 201696865 203255899 17209639 18626511 X THE PURPOSE OF THE CREDIT UNION IS 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 CENTRAL WILLAMETTE COMMUNITY CREDIT UNION SERVICES 23,777 MEMBERS OF OUR COMMUNITY WITH DIVERSE FINANCIAL PRODUCTS AND SERVICES. DURING THE YEAR WE GRANTED A TOTAL OF 4,192 LOANS WORTH $61,319,138 TO OUR MEMBERS. WE HAVE A TOTAL LOAN PORTFOLIO OF 10,247 LOANS WORTH $139,197,314. THE CREDIT UNION MAINTAINS 43,801 ACCOUNTS FOR OUR MEMBERS WORTH $201,818,191. 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 5838 0 1 114 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 JIM DENHAM VICE CHAIR 2.00 X X 0 0 0 DAN BEDORE SECRETARY 2.00 X 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 FORREST BARNES DIRECTOR 2.00 X 0 0 0 CAROLINA MARQUETTE DIRECTOR 2.00 X 0 0 0 DICK RUNNING DIRECTOR 2.00 X 0 0 0 ELAINE EASTMAN CEO 50.00 X 185807 0 14663 JEFF CHRISTMAN CFO 50.00 X 95242 0 10991 281049 0 25654 1 0 1 0 VANTIV HOLDINGS 38 FOUNTAIN SQUARE PLAZA CINCINNATI OH 45202 DEBIT/ATM CARD PROCESSOR 413472 CAPPELLI MILES 2260 OAKMONT WAY 7 EUGENE OR 97401 MARKETING 383885 INTUIT FINANCIAL SERVICES PO BOX 515306 LOS ANGELES CA 90051 ELECTRONIC SERVICES 285789 DIAMOND MARKETING 3372 MOMENTUM PLACE CHICAGO IL 60689 STATEMENT MAILING 123750 4 LOAN INTEREST INCOME 522100 7132787 7132787 SERVICE FEE INCOME 522100 1581546 1398647 182899 OTHER OPERATING INCOME 522100 1323449 1323449 10037782 505612 505612 92273 0 92273 92273 7843 84430 406734 123133 283601 283601 283601 OTHER NONOPERATING INCOME 582100 804538 798647 5891 804538 11723806 10653530 196633 873643 23138 306703 3661315 78906 453923 358953 27278 17154 896685 444999 916387 430259 13580 737099 537472 119802 PROVISION FOR LOAN LOSS 347000 LOAN SERVICING 273077 CORPORATE STABILIZATION 157905 ASSOCATION DUES 51490 243322 10096447 2456386 3089154 71456799 65236504 130490465 137623383 1136413 1293782 15531155 6522469 8961171 9008686 4405270 5630901 218906504 221882410 2243684 2109398 57275 48316 199395906 201098185 201696865 203255899 X 0 0 0 0 17209639 18626511 17209639 18626511 218906504 221882410 1627359 -210487 0 X X 0 0 0 0 1 X 1817583 1817583 8771222 2490994 6280228 513964 513078 886 4428386 3518397 909989 9008686 MEMBER SHARE ACCOUNTS 108488431 CHECKING ACCOUNTS 50722409 IRA 3849440 CERTIFICATES OF DEPOSIT 38037905 201098185 PART IV, LINE 2B: ESCROW ACCOUNTS FOR MEMBER MORTGAGE LOANS. 1 SAFEHAVEN HUMANE SOCIETY PO BOX 2018 ALBANY OR 97321 930676661 501(C)(3) 6188 CAPITAL BUILDING PROGRAM 1 PART I, LINE 2: ALL ORGANIZATIONS ARE LOCAL. WE TYPICALLY HAVE EMPLOYEES THAT ARE VOLUNTEERS AT THE ORGANIZATION OR ON THE BOARD OF THE ORGANIZATION. X X X X 0 0 0 ELAINE EASTMAN CEO 178907 0 6900 0 0 0 7527 0 7136 0 200470 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 THE CREDIT UNION'S BOARD OF DIRECTORS MEETS MONTHLY. FORM 990 WILL BE REVIEWED BY THE BOARD AT THE NEXT REGULARLY SCHEDULED MEETING AFTER THE FORM IS FILED. THE CREDIT UNION'S CEO WILL REVIEW THE FORM BEFORE IT IS FILED. 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. 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 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 CENTRAL WILLAMETTE COMMUNITY CREDIT UNION C 33106 245505 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 CENTRAL WILLAMETTE SERVICE CORPORATION A 7843 CASH TRANSFERRED CENTRAL WILLAMETTE SERVICE CORPORATION Q 293756 CASH TRANSFERRED