2013-11-14T14:50:51-06:00 2012-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY 1200 PORTLAND OR 97205 990 2012-01-01 930496543 CENTRAL WILLAMETTE COMMUNITY CREDIT UNION CENT 5419176801 PO BOX 1899 ALBANY OR 97321 ELAINE EASTMAN 5419176801 2013-11-13 1 P00448102 5032421447 2012 2016-02-24 21:20:13Z ELAINE EASTMAN PO BOX 1899 ALBANY OR 97321 11839729 0 X WWW.CENTRALWCU.ORG X 1955 OR TO PROVIDE FINANCIAL PRODUCTS AND SERVICES TO OUR MEMBERSHIP. 9 9 99 13 269896 -349446 0 0 10644018 10425447 477690 450233 876366 964049 11998074 11839729 17362 15532 0 0 4366393 4653336 0 0 0 6597408 5593943 10981163 10262811 1016911 1576918 207802621 218906504 192218482 201696865 15584139 17209639 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 23,793 MEMBERS OF OUR COMMUNITY WITH DIVERSE FINANCIAL PRODUCTS AND SERVICES. DURING THE YEAR WE GRANTED A TOTAL OF 3,637 LOANS WORTH $52,273,513 TO OUR MEMBERS. WE HAVE A TOTAL LOAN PORTFOLIO OF 9,620 LOANS WORTH $132,365,713. THE CREDIT UNION MAINTAINS 43,717 ACCOUNTS FOR OUR MEMBERS WORTH $199,453,181. THE CREDIT UNION EMPLOYS 84 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 6877 0 1 99 1 1 1 0 0 0 0 0 X 9 9 0 0 0 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 3.00 X X 0 0 0 JIM DENHAM 2.00 X X 0 0 0 DAN BEDORE 2.00 X X 0 0 0 TOM CUTSFORTH 2.00 X 0 0 0 LEN HAINZ 2.00 X 0 0 0 MARTHA LYON 2.00 X 0 0 0 DICK RUNNING 2.00 X 0 0 0 FORREST BARNES 2.00 X 0 0 0 CAROLINA MARQUETTE 2.00 X 0 0 0 ELAINE EASTMAN 50.00 X 183471 0 14247 JEFF CHRISTMAN 50.00 X 93239 0 10542 MARY DAIL 40.00 X 101804 0 11926 378514 0 36715 2 0 1 0 CAPPELLI MILES 2260 OAKMONT WAY 7 EUGENE OR 97401 MARKETING 395492 VANTIV HOLDINGS 38 FOUNTAIN SQUARE PLAZA CINCINNATI OH 45202 DEBIT/ATM CARD PROCESSOR 383401 XP SYSTEMS 75 REMMITTANCE DR SUITE 6963 CHICAGO IL 60675 DATA PROCESSING 376829 INTUIT FINANCIAL SERVICES PO BOX 515306 LOS ANGELES CA 90051 ELECTRONIC SERVICES 290139 COOK SECURITY GROUP 5841 SE INTERNATIONAL WAY MILWAUKIE OR 97222 EQUIPMENT MAINTENANCE 175700 7 LOAN INTEREST INCOME 522100 7582987 7582987 SERVICE FEE INCOME 522100 1550296 1287273 263023 OTHER OPERATING INCOME 522100 1292164 1292164 10425447 438573 438573 105542 0 105542 105542 6873 98669 11660 0 11660 11660 11660 OTHER NONOPERATING INCOME 522100 858507 858507 858507 11839729 11020931 269896 548902 15532 301499 3503495 85375 432231 330736 11088 16680 939929 444502 831233 445375 5462 1209526 496652 103502 PROVISION FOR LOAN LOSS 445000 LOAN SERVICING 221820 CORPORATE STABILIZATION 186734 ASSOCATION DUES 50482 185958 10262811 2644161 2456386 57944320 71456799 132847919 130490465 1018810 1136413 15944735 6983564 8969990 8961171 4377421 4405270 207802621 218906504 1927831 2243684 62660 57275 190227991 199395906 192218482 201696865 X 0 0 0 0 15584139 17209639 15584139 17209639 207802621 218906504 1576918 48582 0 X X 0 0 0 0 1 X 1856783 1856783 8733401 2472056 6261345 755239 752979 2260 4599312 3758529 840783 8961171 MEMBER SHARE ACCOUNTS 103155497 CHECKING ACCOUNTS 47568752 IRA 4317081 CERTIFICATES OF DEPOSIT 44354576 199395906 PART IV, LINE 2B: ESCROW ACCOUNTS FOR MEMBER MORTGAGE LOANS. X X X X 0 0 0 ELAINE EASTMAN 179971 0 3500 0 0 0 7422 0 6825 0 197718 0 0 0 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 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 FINANCIALS ARE POSTED IN THE LOBBY OF EACH BRANCH OFFICE. OTHER GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART IV, LINE 12A & PART XL, LINE 2: 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 56774 228488 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 6873 CASH TRANSFERRED CENTRAL WILLAMETTE SERVICE CORPORATION Q 285073 CASH TRANSFERRED