2012-11-15T09:30:45-06:00 2011-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY 1200 PORTLAND OR 97205 990 2011-01-01 930243503 UNITUS COMMUNITY CREDIT UNION UNIT 5032275571 PO BOX 1937 PORTLAND OR 972071937 ANGELINO T CAYANAN 5032275571 2012-11-13 1 WENDY CAMPOS P00448102 5032421447 2011 2016-02-24 21:20:13Z PATRICIA SMITH PO BOX 1937 PORTLAND OR 972071937 72230238 0 X WWW.UNITUSCCU.COM X 1937 OR CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSE. 7 7 249 18 731901 90613 0 0 39103870 36748273 13790867 10073425 -2455848 -1948034 50438889 44873664 125372 76395 0 0 14286775 15320975 0 0 0 32642818 27610772 47054965 43008142 3383924 1865522 837520073 852453745 766318743 782696099 71201330 69757646 CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSE. 0 0 PROVIDE FINANCIAL SERVICES TO 77,052 MEMBERS. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, PROVIDING REAL ESTATE AND OTHER SECURED/UNSECURED CONSUMER LOANS, CHECKING AND SAVINGS PROGRAMS, AND CREDIT CARD SERVICES. SUPPORT COMMUNITIES IN OUR FIELD OF MEMBERSHIP, INCLUDING CORPORATE PHILANTHROPY. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 1 0 0 0 0 0 1 1 1 0 1 18473 0 1 249 1 1 1 0 0 0 0 0 X 7 7 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 X ANGELINO T CAYANAN 5032275571 1300 SW 6TH AVENUE PORTLAND OR 97201 DON MASON 2.00 X X 0 0 0 TOM FAULKNER 2.00 X X 0 0 0 SUSAN IGGULDEN 1.00 X X 0 0 0 TERRY GAVIN 1.00 X 0 0 0 SCOTT THOMPSON 1.00 X 0 0 0 WILL RADER 1.00 X 0 0 0 JAMES LEWIS 1.00 X 0 0 0 BARBARA LEONARD 1.00 X 0 0 0 VERNON 'PETE' REINECKER 1.00 X 0 0 0 MATT GOODWIN 1.00 X 0 0 0 PATRICIA E SMITH 55.00 X 461149 0 281268 ANGELINO T CAYANAN 55.00 X 195354 0 27665 PAUL KIRKBRIDE 55.00 X 182799 0 27458 JASON WERTS 55.00 X 165008 0 25220 BRIAN IRVINE 55.00 X 165739 0 25315 GAYLE EVANS 55.00 X 158049 0 24922 JAMES ALEXANDER 55.00 X 129208 0 16038 LAURIE KRESL 55.00 X 145918 0 19726 1603224 0 447612 11 0 1 0 COOK SECURITY GROUP 5841 SE INTERNATIONAL WAY MILWAUKIE OR 97222 ATM/EQUIPMENT SERVICING 151286 SHI INTERNATIONAL CORP PO BOX 952121 DALLAS TX 75395 IT SUPPORT SERVICE 142940 WESCOM RESOURCES GROUP 123 SOUTH MARENGO AVE PASADENA CA 91101 ONLINE BILL-PAY/HOSTING 139335 NORTHWEST STAFFING RESOURCES PO BOX 8008 PORTLAND OR 97207 SHORT-TERM STAFFING 127392 OPEN SOLUTIONS INC PO BOX 416564 BOSTON MA 02241 CREDIT CHECKS 121981 8 INTEREST ON LOANS 522100 25029486 25029486 SERVICE CHARGES & FEES 522100 8544827 7997344 547483 MORT BANKING/LOAN SERV 522100 3173960 3173960 36748273 9448499 9448499 26067316 1914184 25275138 2081436 792178 -167252 624926 624926 PASSTHROUGH INCOME 900099 184418 184418 OTTI IMPAIRMENT LOSS 522100 -2132452 -2132452 -1948034 44873664 36200790 731901 7940973 64395 12000 1739944 10215236 601404 1691814 1072577 65251 88190 580731 1046410 2080335 1274701 2320467 71033 170256 8987784 1422334 157527 LOAN SERVICING 2110383 PROVISION FOR LOAN LOSS 1770020 NCUA ASSESSMENTS 1706122 TAXES PAID ON UBI 961 3758267 43008142 69807525 116895391 267819 425550 1118903 1169488 510104118 491513906 1076260 1209120 20632777 9579691 11088918 11053086 226185908 212556537 9986526 10277487 7884096 7353180 837520073 852453745 6313827 8244766 387934 446189 65000000 40000000 694616982 734005144 766318743 782696099 X 0 0 23423471 23423471 47777859 46334175 71201330 69757646 837520073 852453745 X 1865522 -3309206 X 0 1 1 X 0 10000 10000 10000 1 CREDIT UNION LEGISLATIVE ACTION FUND PO BOX 1900 BEAVERTON OR 97075 800043051 10000 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: PART I-A, LINE 1: THE CREDIT UNION HAS ONLY INDIRECT POLITICAL CAMPAIGN ACTIVITY: A CONTRIBUTION TO THE CREDIT UNION LEGISLATIVE ACTION FUND. 0 1 1001331 1001331 10944858 3453382 7491476 8602330 6126309 2476021 84258 84258 11053086 DEFERRED COMPENSATION 1271077 MEMBERS' SHARES 732734067 734005144 PART IV, LINE 2B: THE CREDIT UNION HAS TWO TYPES OF ESCROW ACCOUNTS INCLUDED ON PART X, LINE 21. ONE TYPE IS A CUSTODIAL CASH ACCOUNT IN WHICH THE CREDIT UNION HOLDS CASH RELATED TO FNMA LOANS; PRINCIPAL AND INTEREST PAYMENTS ARE FORWARDED TO FNMA, AND TAXES AND INSURANCE PAYMENTS RELATED TO THESE LOANS ARE SENT DIRECTLY TO THE TAXING AUTHORITIES AND INSURANCE COMPANIES. THE OTHER TYPE IS A TAX AND INSURANCE ESCROW ACCOUNT FOR MEMBER LOANS; PAYMENTS ARE SENT DIRECTLY TO THE TAXING AUTHORITIES AND INSURANCE COMPANIES ON BEHALF OF THE CREDIT UNION MEMBERS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: FIN 48 (ASC 740) FOOTNOTE - THE CREDIT UNION WOULD RECOGNIZE A TAX BENEFIT FOR UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WOULD BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT WOULD BE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE CREDIT UNION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS AN ADMINISTRATIVE EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2011 AND 2010, NO INTEREST AND PENALTIES WERE RECOGNIZED. 1 CHILDREN'S MIRACLE NETWORK 205 W 700 S SALT LAKE CITY UT 84101 870387205 501(C)(3) 47400 CREDIT UNIONS FOR KIDS/DOERNBECHER CHILDREN'S HOSPITAL 1 0 ACADEMIC SCHOLARSHIPS - BASED ON GPA OR DEMONSTRATED POTENTIAL IN CHOSEN FIELD AND COMMUNITY INVOLVEMENT 5 5000 0 NEED-BASED SCHOLARSHIPS - BASED ON FINANCIAL NEED, SCHOLASTIC STANDING AND COMMUNITY INVOLVEMENT 5 6000 0 COMMUNITY INVOLVEMENT SCHOLARSHIPS - BASED ON COMMUNITY INVOLVEMENT 1 1000 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE CREDIT UNION SENDS SCHOLARSHIP RECIPIENTS A NOTICE OF AWARD SPECIFYING THE TERMS OF THE SCHOLARSHIP AWARD, WHICH THE RECIPIENT IS REQUIRED TO SIGN AND RETURN TO THE ORGANIZATION. THE CREDIT UNION WILL THEN SEND A CHECK DIRECTLY TO THE FINANCIAL AID OFFICE OF THE INSTITUTION TO BE ATTENDED. THE FINANCIAL AID OFFICE WILL DISBURSE THE FUNDS IN PAYMENT OF FEES OR OTHER CHARGES UPON VERIFICATION AS A FULL-TIME STUDENT. REFUNDS RESULTING FROM A STUDENT'S FAILURE TO COMPLETE A FULL STUDY PERIOD WILL BE RETURNED TO THE CREDIT UNION FOR DEPOSIT IN THE SCHOLARSHIP ACCOUNT. X X 1 1 X X X X 0 0 0 PATRICIA E SMITH 356688 0 93361 0 11100 0 271943 0 9325 0 742417 0 0 0 ANGELINO T CAYANAN 169312 0 26042 0 0 0 14978 0 12687 0 223019 0 0 0 PAUL KIRKBRIDE 158150 0 24649 0 0 0 14771 0 12687 0 210257 0 0 0 JASON WERTS 142879 0 22129 0 0 0 12533 0 12687 0 190228 0 0 0 BRIAN IRVINE 144503 0 21236 0 0 0 12628 0 12687 0 191054 0 0 0 GAYLE EVANS 136347 0 21702 0 0 0 12235 0 12687 0 182971 0 0 0 LAURIE KRESL 127090 0 18828 0 0 0 11115 0 8611 0 165644 0 0 0 PART I, LINE 1A BOARD MEMBERS BRING SPOUSES TO THE GAC CONFERENCE EACH YEAR. ADDITIONALLY, THE CREDIT UNION PAYS MEMBERSHIP FEES FOR UNIVERSITY CLUB FOR THE PRESIDENT. LAURIE KRESL MORTGAGE X 302000 290689 0 1 1 JASON WERTS MORTGAGE X 337400 317368 0 1 1 BRIAN IRVINE HELOC X 26500 24597 0 1 1 BRIAN IRVINE MORTGAGE X 196000 189700 0 1 1 GAYLE EVANS MORTGAGE X 281000 274239 0 1 1 LAURIE KRESL AUTO X 12617 9516 0 0 1 JASON WERTS AUTO X 47891 19992 0 0 1 BRIAN IRVINE AUTO X 29357 19860 0 0 1 BRIAN IRVINE AUTO X 13500 6846 0 0 1 GAYLE EVANS AUTO X 17686 16681 0 0 1 1169488 MEMBER ACCESS PACIFIC LLP (MAP) P SMITH (PRES/CEO), P KIRKBRIDE, B IRVINE (KEY EMPS) ARE DIRECTORS OF MAP 333848 SERVICE FEES PAID TO MAP FOR DEBIT CARD PROCESSING 0 SEE PART V FOR CONTINUATION 0 FORM 990, PART VI, SECTION A, LINE 2 RHONDA CRAMER, CHAIR OF THE AUDIT COMMITTEE, AND TOM FAULKNER, VICE CHAIR OF THE BOARD, ARE MARRIED TO EACH OTHER. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS 77,052 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A CREDIT UNION MEMBERS ARE ENTITLED TO ONE VOTE EACH IN ELECTIONS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE CONTROLLER REVIEWS ALL ENTRIES TO FORM 990 BY COMPARING THE ENTRIES TO BOOKS OF THE CORPORATION. THE CFO AND PRESIDENT ALSO THEN REVIEW THE FORM 990 BEFORE FILING. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS PERFORMS A FINAL REVIEW BEFORE THE FORM IS FILED. FORM 990, PART VI, SECTION B, LINE 12C A BOARD-APPROVED STANDARDS OF CONFLICT POLICY EXISTS TO ADDRESS ACTUAL OR PERCEIVED CONFLICTS OF INTEREST. THE POLICY APPLIES TO ALL EMPLOYEES AND THE BOARD/OFFICIAL FAMILY. CONFLICTS OF INTEREST ARE REPORTED AND HANDLED BY THE CHIEF INTERNAL AUDITOR, CHIEF EXECUTIVE OFFICER, OR BOARD CHAIRPERSON DEPENDING ON WHO IS INVOLVED IN THE CONFLICT. CONFLICTS OF INTEREST ARE GENERALLY AVOIDED AND APPROPRIATE COURSE OF ACTION DETERMINED BASED ON THE SITUATION. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES DEPARTMENT HIRES AN OUTSIDE CONSULTANT TO PERFORM A MARKET SURVEY FOR THE CEO COMPENSATION PACKAGE. THE RESULTS ARE THEN COMPILED AND A RECOMMENDATION IS PRESENTED TO THE EXECUTIVE COMMITTEE. THE FINAL RESULT IS SUBJECT TO APPROVAL BY THE BOARD. THE HUMAN RESOURCES DEPARTMENT HIRES AN OUTSIDE CONSULTANT TO PERFORM A MARKET SURVEY FOR OFFICER AND OTHER KEY EMPLOYEE COMPENSATION PACKAGES. THE RESULTS ARE THEN COMPILED AND ARE SUBJECT TO APPROVAL BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 A PAPER COPY OF THE AUDITED FINANCIAL STATEMENTS MAY BE VIEWED IN THE FINANCE DEPARTMENT AT AN INDIVIDUAL'S REQUEST. ADDITIONALLY, ANNUAL REPORTS ARE AVAILABLE VIA THE CREDIT UNION'S WEBSITE. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -3,338,067. PASSTHROUGH INCOME 28,861. TOTAL TO FORM 990, PART XI, LINE 5: -3,309,206. SMARTWAY AUTO ADVISORS LLC 6700 NE 79TH CT PORTLAND OR 97218 263105299 AUTO BUYING PROGRAM OR UNITUS COMMUNITY CREDIT UNION UNRELATED 139281 1461829 1 1 0.51000 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 SMARTWAY AUTO ADVISORS LLC D 300000 LINE OF CREDIT AVAILABLE SMARTWAY AUTO ADVISORS LLC L 307696 CASH PAID SMARTWAY AUTO ADVISORS LLC R 100410 CASH RECEIVED