2014-04-14T11:23:31-07:00 2013-12-31 990 2013-01-01 930389726 NORTHWEST COMMUNITY CREDIT UNION NORT 5417449437 PO Box 70225 Springfield OR 97475 Patrick Force CFO / VP Finance 5417449430 2013-12-28 2013 2015-11-30 17:44:51Z John Iglesias PO Box 70225 Springfield OR 97475 46305192 0 X www.nwcu.com X 1949 OR Focus on the member, add value, build partnerships 9 9 338 9 100237 100237 0 0 42987247 46254458 598069 -127828 40237 76127 43625553 46202757 0 0 0 0 15481395 17609014 0 0 0 22604534 22147459 38085929 39756473 5539624 6446284 766049603 831028818 4991389 6380526 761058214 824648292 Focus on the member, add value, build partnerships 0 0 Add value and build partnerships with members by providing loans for housing, vehicles, and other needs. Use funds provided by deposit accounts to fund these loans. Add value and build partnerships with members by providing deposit accounts including savings, checking, and time deposits. Add value and build partnerships with members by providing Individual Retirement Accounts for member retirement. 0 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 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 38449 0 1 338 1 1 1 0 0 0 0 0 X 9 9 1 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 OR X X Patrick Force 5417449430 3660 Gateway Street Springfield OR 97477 Barbara Blackmore Director - Chairperson of the Board 3 0 X 0 0 0 Brad Anderson Director - Vice Chairperson of the Board 4 0 X 0 0 0 Joyce Fish Director 3 0 X 0 0 0 Judy Shurts Director 3 0 X 0 0 0 Jan Blankenship Director 3 0 X 0 0 0 David Rainwater Director 2 0 X 0 0 0 Richard Leung Director 3 0 X 0 0 0 Nancy Sikora Supervisory Committee 4 0 X 0 0 0 Barry Houk Director 3 0 X 0 0 0 Roxanne Gillespie Director 3 0 X 0 0 0 Dean Trotter Supervisory Committee Chairperson 3 0 X 0 0 0 John Iglesias Chief Executive Officer 40 0 X 438310 0 163653 Pat Force Chief Financial Officer 40 0 X 192035 0 35521 Bill Woods Chief Lending Officer 40 0 X 175954 0 30479 Matt Purvis Former Chief Xperience Officer 40 0 X 33662 0 2765 Kim Woodward Former Chief Administrative Officer 40 0 X 184054 0 20761 Brent Gifford Chief Information Officer 40 0 X 165327 0 47786 David Driskill Supervisory Committee Member 2 0 X 0 0 0 Qing Lu Supervisory Committee Member 2 0 X 0 0 0 Scott B Smith Chief Experience Officer 40 0 X 153614 0 15152 Melissa Vigil Chief Administrative Officer 40 0 X 100223 0 21959 Rex Fox Director of Operations 40 0 X 107466 0 17335 Jon Mainard Financial Planner 40 0 X 133107 0 21257 Kate Gardner Lange Financial Planner 40 0 X 101992 0 16716 Janette A Griffin Regional Manager 40 0 X 100490 0 16576 Trisha A Baker Former Branch Manager 40 0 X 198045 0 23289 2084279 0 433249 12 1 1 0 Anderson Construction PO Box 6712 Portland OR 97217 Construction of branch 1812508 Rowell Brokaw Architects PC 1 East Broadway Suite 300 Eugene OR 97401 Design of branch 1150882 Open Solutions Inc PO Box 416564 Boston MA 02241 System software support 885372 Insight Direct USA PO BOX 731069 Dallas TX 75373 System software support 562561 Hutchinson Cox Coons Orr Serlock PC PO BOX 10886 Eugene OR 97440 Legal and collection services 479606 26 0 Interest on loans to members 522130 35123064 35123064 0 0 Member acct and service fees 522130 6086353 6086353 0 0 Interchange fees and other 522130 5045041 5045041 0 0 0 0 0 0 46254458 -153887 -153887 0 0 0 0 0 0 0 0 0 0 40148 9000 13435 0 26713 9000 35713 0 35713 0 0 115059 0 89000 0 26059 26059 0 26059 0 Business Website and Software 812900 38465 0 38465 0 Visa card rebate 900099 1485 1485 0 0 Other Rebates 900099 464 464 0 0 0 0 0 0 40414 46202757 46102520 100237 0 1409281 11629898 657330 2745090 1167415 291230 144754 382791 1435408 2580270 1786672 1207031 324851 209463 3634935 1464631 161873 Loan Loss Expense 2662081 Loan Product Expense 4827349 Other Share and Loan Product Expense 997520 Personal Property Tax 36600 39756473 0 0 0 5923058 8006984 1106882 1789363 0 0 1161848 1557966 0 0 659634293 728797380 1080716 1971667 41685457 14258416 19290399 27427041 0 0 72667395 58170824 0 5185012 3307593 766049603 831028818 3941389 5080526 1050000 1300000 4991389 6380526 X 687233600 744536232 0 0 73824614 80112060 761058214 824648292 766049603 831028818 X 6446284 403617 0 0 0 56740177 X 0 0 0 0 4406225 4406225 0 20761865 4070004 16691861 0 480607 75905 404702 0 13397428 10112507 3284921 0 2639332 0 2639332 27427041 Deposits in commercial banks 19812095 F Security investments for liquidity 30067799 F Deposit in NCUSIF - member account insurance fund 6984386 C FHLB stock 1220800 C Coop Network Investment for member transaction processing 58881 C Corporate Credit Union stock 26863 C 58170824 X 1 1 X X X X 1 1 0 John Iglesias Chief Executive Officer 330442 0 77903 0 29965 0 136932 0 26721 0 601963 0 0 0 Pat Force Chief Financial Officer 165699 0 24930 0 1406 0 14570 0 20951 0 227556 0 0 0 Bill Woods Chief Lending Officer 130477 0 23760 0 21717 0 13372 0 17107 0 206433 0 0 0 Scott B Smith Chief Experience Officer 132205 0 21408 0 0 0 0 0 15152 0 168765 0 0 0 Brent Gifford Chief Information Officer 142928 0 20160 0 2239 0 12699 0 35087 0 213113 0 0 0 Matt Purvis Former Chief Xperience Officer 0 0 0 0 33662 0 0 0 2766 0 36428 0 0 0 Kim Woodward Former Chief Administrative Officer 119380 0 45031 0 19643 0 13013 0 7748 0 204815 0 0 0 Jon Mainard Financial Planner 36664 0 96443 0 0 0 10189 0 11068 0 154364 0 0 0 Trisha A Baker Former Branch Manager 33234 0 4082 0 160729 0 14853 0 8436 0 221334 0 0 0 Melissa Vigil Chief Administrative Officer 98045 0 2178 0 0 0 6246 0 15713 0 122182 0 Schedule J, Part I, Line 1a Travel for a spouse or companion was sometimes provided by the credit union for executives or directors on business trips. All expenses incurred on behalf of the spouse or companion were totaled for the year and a 1099-misc was issued when appropriate. There is written policy that requires pre-approval, receipts, and documentation. Schedule J, Part I, Line 4 1). Trisha Baker, a former Branch Manager, received a severance payout during the year of $155,151 2). Matt Purvis, former CXO, received a severance payout during the year of $30,750 3). John Iglesias, the CEO, will be the recipient of a non-qualified retirement plan that is accruing the will be paid out beginning in 2017 and continuing through 2029. It is based on employment with the organization and is currently 0% vested. The value of this plan is $236,364. NA Please see Schedule L Part V supplemental information NA X 1 1 0 1 1 1 Schedule L, Part II According to IRS 2013 Form 990 Schedule L instruction, "Loans from a credit union made to an interested person on the same terms as offered to other members of the credit union", as one of Exception items, should not be reported on Schedule L Part II. All loans to interested persons of this Form 990 belong to this category, thus loans details are not reported in Part II. Form 990, Part VI, Section A, Line 2 Two of the directors, Joyce Fish and Judy Shurts are sisters. Form 990, Part VI, Section A, Line 6 As a credit union we have members who maintain a $5 share account with us. Form 990, Part VI, Section A, Line 7a The entire membership is allowed to vote once a year to elect directors whose terms have expired. Form 990, Part VI, Section B, Line 11b The CFO reviews the 990 and the supporting schedules. After that review and before it is filed, the 990 is reviewed by the CEO and the directors. Form 990, Part VI, Section B, Line 12c 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, Section B, Line 15 A committee of the governing body meets and evaluates comparable compensation data from several sources including Human Resources List Serve, Northwest Financial Industry Survey, and other regional credit unions. The committee assembles an appropriate compensation package 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, Section C, Line 19 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. Form 990, Part XI, Line 9 Add changes in Assets: Incrase in net loans receivable of $69,559,205; Increase in cash of $2,766,407; Decrease in cash investments of $5,214,566; Decrease in investments of $9,282,005; Increase in fixed assets of $8,136,642; Increase in prepaid and deferred charges of $890,952; Decrease in other assets of $1,877,418. Add changes in Liabilities: Increase in accounts payable of $1,139,138; Increase in borrowing of $250,000. Less Net Income of $6,466,285 and unrealized gain of $403,617 equals the other change in net assets of $56,740,177.