2014-11-17T12:23:38-06:00 2013-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2013-01-01 880059939 BOULDER DAM CREDIT UNION BOUL 7022937772 PO BOX 61530 530 AVENUE G BOULDER CITY NV 890061530 ERIC ESTES CEO/PRESIDENT 7022937772 2014-11-13 1 GERALD B KISSELL P00092658 6123324300 2013 2015-11-30 17:44:51Z ERIC ESTES PO BOX 61530 530 AVENUE G BOULDER CITY NV 890061530 14574487 0 1 X WWW.BOULDERDAMCU.ORG X 1940 NV TO PROVIDE EXCEPTIONAL SERVICE AND EXTRAORDINARY BENEFITS TO THE MEMBERS OF BOULDER DAM CU. 7 7 46 9 0 0 0 0 11926201 11549499 2814083 2771455 19387 253533 14759671 14574487 0 0 1267502 1409704 4309281 4765335 0 0 0 6194886 4130787 11771669 10305826 2988002 4268661 468874728 489554292 428810685 445221587 40064043 44332705 TO CONDUCT THE ORDINARY AND NECESSARY BUSINESS OF A CREDIT UNION INVOLVING THE RECEIVING OF SAVINGS OF MEMBERS AND LENDING MONEY TO MEMBERS FOR PROVIDENT PURPOSES. 0 0 ONE OF THE CREDIT UNION'S TWO PRIMARY PURPOSES IS TO PROVIDE CREDIT TO ITS MEMBERS AT A COMPETITIVE RATE. THE CREDIT UNION PROVIDES REAL ESTATE, AUTO, BOAT, RV, AND SIGNATURE AND VISA LOANS TO ELIGIBLE MEMBERS. THE SECOND MAIN SERVICE THAT THE CREDIT UNION OFFERS IS DEPOSIT SERVICES TO ELIGIBLE MEMBERS. THE CREDIT UNION OFFERS SAVINGS ACCOUNTS, CHECKING ACCOUNTS, AND INDIVIDUAL RETIREMENT ACCOUNTS TO ALL MEMBERS. IN ORDER TO MAINTAIN A SHARE ACCOUNT AN INDIVIDUAL MUST BE ELIGIBLE FOR MEMBERSHIP. ELIGIBILITY REQUIRES THAT A PERSON LIVE OR WORK IN BOULDER CITY, NEVADA. DUE TO THE EXCEPTIONAL SERVICE LEVEL PROVIDED BY THE CREDIT UNION, APPROXIMATELY 90% OF ELIGIBLE MEMBERS ARE MEMBERS OF THE CREDIT UNION. ONCE AGAIN, THE CREDIT UNION DOES NOT CHARGE FEES FOR DEPOSIT ACCOUNTS; OTHER THAN PUNITIVE FEES FOR OVERDRAFTS AND INSUFFICIENT FUND ITEMS. AN ANCILLARY PRODUCT OFFERED BY THE CREDIT UNION IS THE ELECTRONIC DELIVERY OF SERVICES. THE CREDIT UNION OFFERS DEBIT CARDS, VISA CREDIT CARDS, ATM ACCESS, CU PHONE ACCOUNT ACCESS AND INTERNET ACCOUNT ACCESS. ALL SERVICES ARE OFFERED AT NO COST TO ELIGIBLE MEMBERS. ADDITIONALLY, THE CREDIT UNION BELONGS TO THE CO-OP ATM NETWORK, WHICH ENABLES MEMBERS TO USE NETWORK RELATED ATMS NATIONWIDE WITH NO SURCHARGE. APPROXIMATELY 80% OF OUR MEMBERS UTILIZE SOME TYPE OF ELECTRONIC DELIVERY SERVICE. 0 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8127 0 1 46 1 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X ERIC ESTES 7022937772 PO BOX 61530 530 AVENUE G BOULDER CITY NV 890061530 DALE IMLAY CHAIR 2.00 X X 0 0 0 DOUG SCHEPPMANN VICE CHAIR 2.00 X X 0 0 0 CHARMAINE FERRARI SECRETARY 2.00 X X 0 0 0 ROBERT MERRELL TREASURER 2.00 X X 0 0 0 DIANE BRUMBERG DIRECTOR 2.00 X 0 0 0 MILO HURST DIRECTOR 2.00 X 0 0 0 FRANK DISANZA DIRECTOR 2.00 X 0 0 0 ERIC ESTES CEO/PRESIDENT 40.00 X 310743 0 285252 IE-CHEN CHENG CHIEF FINANCIAL OFFICER 40.00 X 180111 0 16432 PAT KLINGER OPERATIONS ASSISTANT 40.00 X 253279 0 41772 MARY BETH CLIFT TELLER SUPERVISOR 40.00 X 141217 0 24819 885350 0 368275 4 0 1 0 FISERV 2601 NETWORK BLVD SUITE 600 FRISCO TX 75034 DATA PROCESSING 1261118 ASI 5656 FRANTZ ROAD DUBLIN OH 43017 INSURANCE 367654 CUNA MUTUAL 5910 MINERAL POINT ROAD MADISON WI 53705 INSURANCE 320262 3 LOAN INTEREST 522100 10613707 10613707 SERVICE CHARGES & OTHER FEES 522100 530515 530515 OTHER NONINTEREST INCOME 522100 405277 405277 11549499 2771455 2771455 GAIN ON FORECLOSED REAL ESTATE 522100 253533 253533 253533 14574487 11803032 0 2771455 1409704 1087590 2717612 48751 650680 260702 14359 818984 113159 843535 230007 230976 110784 588867 PROVISION FOR LOAN LOSS 350000 LOAN SERVICING EXPENSES 307946 ASSOCIATION DUES 48857 EXAM FEES 38632 434681 10305826 79385871 85490826 187029373 189996248 3805347 2982040 840307 823307 198938558 211380852 2680619 1863059 468874728 489554292 1058515 1208566 427752170 444013021 428810685 445221587 X 0 0 0 0 40064043 44332705 40064043 44332705 468874728 489554292 4268661 0 X 0 1 X 1 0 7500 7500 7500 1 NEVADA CREDIT UNION LEAGUE PAC 6475 W SAHARA AVENUE LAS VEGAS NV 891463036 880270264 7500 PART I-A, LINE 1: BOULDER DAM CREDIT UNION MAKES AN ANNUAL CONTRIBUTION TO THE NEVADA CREDIT UNION LEAGUE POLITICAL ACTION COMMITTEE (PAC). THIS PAC MAKES CONTRIBUTIONS TO STATE LEVEL CANDIDATES WHO ARE FRIENDS OF CREDIT UNIONS. 789308 789308 3016039 2982040 33999 823307 HELD-TO-MATURITY SECURITIES 201549409 F OTHER INVESTMENTS 2571000 F ACCRUED INTEREST/INCOME 1289588 F SHARE INSURANCE DEPOSIT 5970855 F 211380852 MEMBER SHARES AND DEPOSITS 444013021 444013021 X 14574487 0 14574487 0 14574487 10305825 0 10305825 0 10305825 PART X, LINE 2: THE CREDIT UNION ADOPTED THAT STANDARD ON OCTOBER 1, 2009. AS A RESULT OF IMPLEMENTATION OF THIS STANDARD, THE CREDIT UNION DID NOT RECOGNIZE ANY LIABILITY FOR ANY LIABILITY FOR UNCERTAINTY IN TAX POSITIONS. X 1 1 X X X X 0 1 0 ERIC ESTES CEO/PRESIDENT 309843 0 0 0 900 0 254310 0 30942 0 595995 0 0 0 IE-CHEN CHENG CHIEF FINANCIAL OFFICER 174307 0 5430 0 374 0 0 0 16432 0 196543 0 0 0 PAT KLINGER OPERATIONS ASSISTANT 242443 0 5746 0 5090 0 29154 0 12618 0 295051 0 0 0 MARY BETH CLIFT TELLER SUPERVISOR 134752 0 3585 0 2880 0 16470 0 8349 0 166036 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - TRAVEL EXPENSES FOR COMPANIONS ARE ALLOWED ONLY WITH APPROVAL OF MANAGEMENT AND DOES NOT ALLOW FOR EXPENSES ABOVE AND BEYOND WHAT IS USUAL AND CUSTOMARY FOR THE LOCATION IN QUESTION. ADDITIONALLY, COMPANION TRAVEL SHOULD NOT BE ALLOWED MORE THAN ONE TIME DURING ANY CALENDAR YEAR AND FOR A PERIOD NOT TO EXCEED ONE WEEK. FORM 1099 IS ISSUED IF THE $600 REPORTING THRESHOLD IS MET. IN 2013 NO SPOUSE TRAVEL EXCEEDED THE $600 THRESHOLD. PART I, LINE 4B ERIC ESTES PARTICIPATED IN A 457(F), NON-QUALIFIED RETIREMENT PLAN; NO AMOUNTS WERE DISBURSED IN 2013. FORM 990, PART I, LINE 6, VOLUNTEERS: THE 9 VOLUNTEERS REPORTED IN PART I, LINE 6 CONSISTS OF 7 BOARD MEMBERS AND 2 SUPERVISORY COMMITTEE MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11 THE COMPLETED 990 IS REVIEWED AND APPROVED BY THE MANAGER, ASSISTANT MANAGER, AND OPERATIONS ASSISTANT. ONCE THIS PROCESS IS COMPLETED, A COPY OF THE FINAL 990 IS DISSEMINATED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS ESTABLISHED AND APPROVED BY THE ENTIRE BOARD OF DIRECTORS. SENIOR MANAGEMENT SALARIES ARE SUBJECT TO GENERAL INDEX INCREASES APPLIED TO ALL STAFF AND RECOMMENDED BY THE MANAGER TO THE BOARD OF DIRECTORS FOR REQUEST. FORM 990, PART VI, SECTION C, LINE 19 QUARTERLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF THE CREDIT UNION'S OFFICE. GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).