2012-05-15T11:56:53-05:00 2011-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY 1200 PORTLAND OR 97205 990 2011-01-01 930251640 ADVANTIS CREDIT UNION ADVA 5037852528 10501 SE MAIN STREET MILWAUKIE OR 97222 LAURIE WILSON 5037852528 2012-05-08 1 WENDY CAMPOS P00448102 5032421447 2011 2016-02-24 21:20:13Z JAKE JENSEN 10501 SE MAIN STREET MILWAUKIE OR 97222 49502001 0 X WWW.ADVANTISCU.ORG X 1928 OR PROVIDING FINANCIAL SERVICES TO MEMBERS 9 9 168 15 566380 -48900 0 0 37070541 35832261 2782181 3736422 29610 104542 39882332 39673225 29129 70131 0 0 7484222 8299370 0 0 0 25065731 25265789 32579082 33635290 7303250 6037935 756349275 864529660 680889049 783469456 75460226 81060204 X 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 THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO 45,874 MEMBERS. SERVICES INCLUDE SHARE DEPOSITS AND LOANS TO MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 18959 0 1 168 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 0 1 1 1 1 0 X LAURIE WILSON 5037852528 10501 SE MAIN STREET MILWAUKIE OR 97222 JAKE JENSEN 2.00 X X 0 0 0 PATRICK HAGER 2.00 X X 0 0 0 AMANDA OWINGS 2.00 X X 0 0 0 GREG CARLSON 2.00 X 0 0 0 ROGER HEDIGER 2.00 X 0 0 0 JOHN HREN 2.00 X 0 0 0 BOB PEARSON 2.00 X 0 0 0 JOSH ROBERTS 2.00 X 0 0 0 TAMMY TESKE 2.00 X 0 0 0 JIM BAGGENSTOS 2.00 X 0 0 0 RON BARRICK 40.00 X 610747 0 61099 LAURIE WILSON 40.00 X 169642 0 47056 CHRIS ANDERSON 40.00 X 238404 0 34062 WENDY EDWARDS 40.00 X 172183 0 25155 TIM CLOUSE 40.00 X 163537 0 36313 PATRICK HUEY 40.00 X 137988 0 36692 JERI MAHER 40.00 X 113375 0 7785 1605876 0 248162 7 0 1 0 LOOMIS PO BOX 94600 SEATTLE WA 98124 ATM CASH SERVICES 235550 R&H CONSTRUCTION 1530 SW TAYLOR ST PORTLAND OR 97205 BRANCH CONSTRUCTION PROJECT 158090 EPSKAMP CONSULTING LLC 4500 SW KRUSE WAY STE 100 LAKE OSWEGO OR 97035 BUSINESS LOAN UNDERWRITING 156971 WORKFLOW ONE PO BOX 644039 PITTSBURGH PA 15264 PRINTING & MAILING SERVICES 153807 SUSAN G ANDERSON 11185 SE ROLLING HILLS LN HAPPY VALLEY OR 97086 CONTRACT UNDERWRITING SERVICES 133095 10 INTEREST ON LOANS 522100 30426483 30426483 SERVICE CHARGES & FEES 522100 3522959 3476434 46525 MORTGAGE BANKING REV 522100 1660397 1660397 OTHER INCOME 522100 222422 -297433 519855 35832261 2833276 2833276 104542 104542 104542 104542 7719009 3012913 7663701 2165075 55308 847838 903146 292937 610209 39673225 35558818 566380 3548027 53131 17000 1558200 5137211 528087 460859 615013 94856 67118 20400 584505 472147 828857 1749229 795552 105479 300492 8960972 1407929 131232 TAXES ON UBI -75125 PROVISION FOR LOAN LOSS 4290903 NCUA ASSESSMENTS 1906272 VISA/ATM EXPENSE 1545301 2079670 33635290 6051738 3356577 59381637 39101861 544106690 638238849 321203 565202 16468357 6703767 10250900 9764590 113363664 130437050 5074400 5074400 17799043 37991131 756349275 864529660 6040117 6897392 10068649 10000000 664780283 766572064 680889049 783469456 X 0 0 0 0 75460226 81060204 75460226 81060204 756349275 864529660 X 6037935 -437957 X 0 1 1 X 0 447379 447379 7610174 1531977 6078197 2174381 759418 1414963 6236423 4412372 1824051 9764590 MEMBERS' SHARES 766572064 766572064 39673225 33635290 6037935 -437957 -437957 5599978 39673225 0 39673225 0 39673225 33635290 0 33635290 0 33635290 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2011 AND 2010. THE CREDIT UNION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS AN ADMINISTRATIVE EXPENSE. HOWEVER, DURING THE YEARS ENDED DECEMBER 31, 2011 AND 2010, THE CREDIT UNION RECOGNIZED NO INTEREST AND PENALTIES. 1 CASA FOR CHILDREN 1401 NE 68TH AVE PORTLAND OR 97213 930923866 501(C)(3) 6300 UPGRADE COMPUTERS TO IMPROVE SERVICE CENTRAL CITY CONCERN 232 NW 6TH AVE PORTLAND OR 97209 930728816 501(C)(3) 5000 PURCHASE VITAL MEDICAL EQUIPMENT EXCEED ENTERPRISES 5285 SE MALLARD WAY MILWAUKIE OR 97222 237017274 501(C)(3) 10000 CREATE A SPECIAL "WORK READINESS CLASSROOM" NORTHWEST HOUSING ALTERNATIVES 2316 SE WILLARD ST MILWAUKIE OR 97222 930814473 501(C)(3) 5000 PROVIDE HOUSING FOR 45 NEEDY FAMILIES OREGON HUMANE SOCIETY PO BOX 11364 PORTLAND OR 97211 930386880 501(C)(3) 5000 PURCHASE MEDICAL EQUIPMENT TO TREAT SICK ANIMALS SUNSHINE DIVISION - PORTLAND POLICE DEPARTMENT 687 N THOMPSON ST PORTLAND OR 97227 930429354 501(C)(3) 7500 PURCHASE A FREEZER TO FEED MORE FAMILIES SNOWCAP COMMUNITY CHARITIES PO BOX 160 FAIRVIEW OR 97024 237121915 501(C)(3) 9000 PURCHASE FOOD PREP EQUIPMENT TO SERVE NEEDY FAMILIES 7 0 COLLEGE SCHOLARSHIP PAYOUTS 17 17000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE BOARD OF DIRECTORS REVIEWS AND APPROVES LARGE DONATIONS MADE TO ORGANIZATIONS. THE BOARD OF DIRECTORS APPROVES AN ANNUAL BUDGET FOR COLLEGE SCHOLARSHIPS, AND THERE IS A SCHOLARSHIP COMMITTEE THAT INTERVIEWS CANDIDATES AND DECIDES HOW THE MONEY WILL BE USED. CANDIDATES SUBMIT AN APPLICATION, WRITE AN ESSAY AND MUST MEET MINIMUM GPA REQUIREMENTS. X 1 1 X X X 0 0 0 RON BARRICK 501512 0 102695 0 6540 0 45900 0 15199 0 671846 0 0 0 LAURIE WILSON 145251 0 30228 0 -5837 0 31944 0 15112 0 216698 0 0 0 CHRIS ANDERSON 209613 0 36628 0 -7837 0 18863 0 15199 0 272466 0 0 0 WENDY EDWARDS 146106 0 29007 0 -2930 0 18963 0 6192 0 197338 0 0 0 TIM CLOUSE 140400 0 27805 0 -4668 0 22464 0 13849 0 199850 0 0 0 PATRICK HUEY 110000 0 0 0 27988 0 24752 0 11940 0 174680 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - OCCASIONAL AIRFARE FOR SPOUSES ON CREDIT UNION OFFICIAL BUSINESS. SUSAN ANDERSON SUSAN IS THE WIFE OF A KEY EMPLOYEE OF THE CREDIT UNION. 133095 THE CREDIT UNION PAID SUSAN FOR CONTRACT LOAN UNDERWRITING SERVICES. 0 CINDY BARRICK CINDY IS THE WIFE OF THE CEO OF THE CREDIT UNION. 44939 THE CREDIT UNION COMPENSATED CINDY AS AN EMPLOYEE. 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS ONE VOTE IN ANNUAL ELECTIONS OF MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS THOROUGHLY REVIEWED BY THE CFO AND CONTROLLER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR CEO: THE BOARD OF DIRECTORS REVIEWS AN ANNUAL THIRD PARTY SALARY SURVEY FOR THE CEO POSITION AND SETS AN UPDATED SALARY RANGE. COMPENSATION PROCESS FOR OFFICERS AND KEY EMPLOYEES: THIRD PARTY SURVEYS ARE OBTAINED FOR ALL STAFF ON AN ANNUAL BASIS. SALARY RANGES FOR THESE POSITIONS ARE PREPARED BY THE VP OF HUMAN RESOURCES AND APPROVED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -437,957.