2014-11-17T10:13:39-06:00 2013-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2013-01-01 880063808 GREATER NEVADA CREDIT UNION GREA 7758861329 PO BOX 2128 CARSON CITY NV 89701 JOYCE WHITNEY-SILVA EVP/CFO 7758861329 2014-11-14 1 WENDY CAMPOS P00448102 5032421447 2013 2015-11-30 17:44:51Z WALLY MURRAY PO BOX 2128 CARSON CITY NV 89701 35390251 0 X WWW.GNCU.ORG X 1949 NV TO PROVIDE QUALITY FINANCIAL SERVICES TO MEMBERS 7 7 282 13 692704 -10137 0 0 34875841 32835546 2008471 1947676 0 240129 36884312 35023351 10000 135591 0 0 10966877 11175120 0 0 0 16737494 17055644 27714371 28366355 9169941 6656996 445130759 454759684 403567265 409364150 41563494 45395534 TO PROVIDE QUALITY FINANCIAL SERVICES TO MEMBERS. 0 0 FINANCIAL SERVICES - BANKING ACTIVITIES INCLUDING LOANS AND DEPOSITS. MORTGAGE SERVICES - ORIGINATING, SELLING AND SERVICING OF REAL ESTATE MORTGAGES. 0 0 0 0 0 0 0 1 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1102 0 1 282 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 X JOYCE WHITNEY-SILVA 7758861329 451 EAGLE STATION LANE CARSON CITY NV 89701 BILL ARENSDORF CHAIR 5.00 X X 0 0 0 PAUL RICHEY VICE CHAIR 5.00 X X 0 0 0 ALEX TALMANT TREASURER 5.00 X X 0 0 0 ROB JOINER SECRETARY 5.00 X X 0 0 0 VERNON DALTON DIRECTOR 5.00 X 0 0 0 BARBARA BYINGTON DIRECTOR 5.00 X 0 0 0 BILL PROWSE DIRECTOR 5.00 X 0 0 0 WALLY MURRAY PRESIDENT/CEO 40.00 X 295560 0 25754 DEAN ALTUS EVP/COO 40.00 X 141227 0 16351 JOYCE WHITNEY-SILVA EVP/CFO 40.00 X 139396 0 16707 ROBERT RUSH MORTGAGE CONSULTANT 40.00 X 137405 0 7795 NICHOLAS SERRANO VP MORTGAGE LENDING 40.00 X 137069 0 12647 DOUGLAS DABERKO MORTGAGE CONSULTANT 40.00 X 129949 0 6720 GREG LAPENTA FINANCIAL SERVICES 40.00 X 122846 0 3425 MARYLYNN ATKINS BRANCH MORTGAGE CONSULTANT 40.00 X 113553 0 3416 1217005 0 92815 13 0 1 0 FISERV PO BOX 979 BROOKSFIELD WI 530080979 DATA PROCESSING 700580 ARROWHEAD ARMORED LLC 2601 MCLEOD DR LAS VEGAS NV 89121 ATM SERVICING 101933 2 INTEREST ON MEMBER LOANS 522100 14901881 14901881 OTHER NON-INTEREST INCOME 522100 9146032 8453328 692704 FEES AND SERVICE CHARGES 522100 8787633 8787633 32835546 1864238 1864238 46611 0 46611 46611 46611 450338 366900 83438 83438 -10347 93785 CHANGE IN VALUE LIFE INSURANCE 900099 193518 193518 193518 35023351 32132495 692704 2198152 119591 16000 634995 8274585 217666 1178221 869653 164235 178226 2015557 917321 1312266 104205 907791 167371 117509 1043951 1327389 435339 PROCESSING COSTS 2530838 LOAN SERVICING 2342095 LICENSES AND FEES 603745 LOAN LOSS PROVISION 66008 2821798 28366355 67893065 11972971 35611000 23527029 247896067 278147681 849854 44019037 16559529 25003708 27459508 53883660 51581976 35123300 17144943 23795681 445130759 454759684 2559460 3385611 401007805 405978539 403567265 409364150 X 0 0 0 0 41563494 45395534 41563494 45395534 445130759 454759684 6656996 -2533505 -291451 0 X 0 1 X 1 0 1 3470478 11025640 10960158 3535960 0 8751716 8751716 20474901 6786010 13688891 1383459 901249 482210 9622242 8795260 826982 3786719 77010 3709709 27459508 CDS AND OTHER INVESTMENTS 35123300 F 35123300 LOANS HELD FOR SALE 1095343 ACCRUED INTEREST RECEIVABLE 1454796 NCUSIF DEPOSIT 4033242 DEFERRED COMPENSATION FUNDING 1602750 MORTGAGE SERVICING RIGHTS 4402233 LIFE INSURANCE CASH SURRENDER VALUE 9993518 OTHER ASSETS 1213799 23795681 MEMBERS' SHARE AND SAVINGS ACCOUNTS 405978539 405978539 X PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE -THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE (IRS) RELEASED TECHNICAL ADVICE MEMORANDUMS (TAMS) TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNION'S ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2012, 2011, AND 2010 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. 0 SPECIAL OLYMPICS NORTHERN CALIFORNIA 3480 BUSKIRK AVE PLEASANT HILL CA 94523 680363121 501(C)(3) 10000 SPORTS EVENTS FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES UNIVERSITY OF NEVADA 1664 N VIRGINIA ST RENO NV 89557 886000024 STATE OF NEVADA 35000 EDUCATION 2 SCHOLARSHIPS 16 16000 X X X 0 1 0 WALLY MURRAY PRESIDENT/CEO 267708 0 27852 0 0 0 16313 0 9441 0 321314 0 0 0 DEAN ALTUS EVP/COO 135827 0 5400 0 0 0 13396 0 2955 0 157578 0 0 0 JOYCE WHITNEY-SILVA EVP/CFO 133867 0 5529 0 0 0 13347 0 3360 0 156103 0 0 0 PART I, LINE 4B THE ORGANIZATION HAS A 457(F) DEFERRED COMPENSATION PLAN IN PLACE. THERE WERE NO DISTRIBUTIONS DURING 2013. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS ONE CLASS OF MEMBERS. MEMBERS DO NOT RECEIVE SHARES OF PROFIT OTHER THAN THROUGH SHARE ACCOUNT DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS OF THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 11 THE REVIEW OF FORM 990 IS COMPLETED BY THE EVP/CFO, WHO IS A MEMBER OF THE EXECUTIVE MANAGEMENT TEAM. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION SURVEY DATA OBTAINED FROM OUTSIDE CONSULTANTS IS UTILIZED TO DETERMINE APPROPRIATE SALARY AND BENEFIT LEVELS FOR THE MEMBERS OF MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE POSTED IN EACH OF THE CREDIT UNION'S BRANCHES. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. GREATER NEVADA LLC 451 EAGLE STATION LANE CARSON CITY NV 89701 880500878 MORTGAGE SERVICES NV 609122 9150480 GREATER NEVADA CREDIT UNION