FIRST TECHNOLOGY CREDIT UNION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- FIRST TECHNOLOGY CREDIT UNION (EIN 93-0412056)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-15
- IRS object ID
- 201113199349308281
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-15T15:21:17-00:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ORTH CHAKLER MURNANE AND CO CPAs | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12060 SW 129 COURT SUITE 201 | AddressLine1 |
| City | MIAMI | City |
| State | FL | State |
| ZIP Code | 33186 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 930412056 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FIRST TECHNOLOGY CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FIRS | NameControl |
| Phone | 5036444034 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3555 SW 153 DRIVE | AddressLine1 |
| City | BEAVERTON | City |
| State | OR | State |
| ZIP Code | 97006 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | HANK SIGMON | Name |
| Title | CFO | Title |
| Date Signed | 2011-11-15 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DOUGLAS ORTH | Name |
| Phone | 3052328272 | Phone |
| Date Prepared | 2011-11-15 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | BROOKE VAN VLEET | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3555 SW 153 DRIVE | AddressLine1 |
| City | BEAVERTON | City |
| State | OR | State |
| ZIP Code | 97006 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 117377445 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.firsttechcu.com | WebSite |
| Type Of Organization Other | X | TypeOfOrganizationOther |
| Type Of Org Other Description | CREDIT UNION | TypeOfOrgOtherDescription |
| Year Formation | 1952 | YearFormation |
| State Legal Domicile | OR | StateLegalDomicile |
| Activity Or Mission Description | TO PROMOTE THRIFT AMONG CREDIT UNION MEMBERS BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE THEIR SAVINGS, TO CREATE A SOURCE OF CREDIT AT FAIR AND REASONABLE INTEREST RATES, AND TO PROVIDE THE OPPORTUNITY FOR MEMBERS TO USE AND CONTROL THEIR MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. TO PROMOTE THRIFT AMONG CREDIT UNION MEMBERS BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE THEIR SAVINGS, TO CREATE A SOURCE OF CREDIT AT FAIR AND REASONABLE INTEREST RATES, AND TO PROVIDE THE OPPORTUNITY FOR MEMBERS TO USE AND CONTROL THEIR MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 8 | NbrIndependentVotingMembers |
| Total Nbr Employees | 521 | TotalNbrEmployees |
| Total Nbr Volunteers | 16 | TotalNbrVolunteers |
| Total Gross UBI | 2326651 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -14199 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 85088162 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 82370701 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 34224125 | InvestmentIncomePriorYear |
| Investment Income Current Year | 26569016 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 9691924 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 129004211 | TotalRevenuePriorYear |
| Total Revenue Current Year | 108939717 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 26417772 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 26445683 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 79231660 | OtherExpensePriorYear |
| Other Expenses Current Year | 74992615 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 105649432 | TotalExpensesPriorYear |
| Total Expenses Current Year | 101438298 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 23354779 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 7501419 | RevenuesLessExpensesCY |
| Total Assets BOY | 2187039339 | TotalAssetsBOY |
| Total Assets EOY | 2324325316 | TotalAssetsEOY |
| Total Liabilities BOY | 2005903680 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2134061460 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 181135659 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 190263856 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE PURPOSE OF THIS CREDIT UNION IS TO PROMOTE THRIFT AMONG CREDIT UNION MEMBERS BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE THEIR SAVINGS, TO CREATE A SOURCE OF CREDIT AT FAIR AND REASONABLE INTEREST RATES, AND TO PROVIDE THE OPPORTUNITY FOR THE MEMBERS TO USE AND CONTROL THEIR MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | TOTAL MEMBERSHIP DURING 2010 REACHED 170,851 MEMBERS. FIRST TECH CREDIT UNION PROVIDES MEMBERS WITH DEPOSIT SERVICES AT COMPETATIVE RATES WHICH FUNDED 19,169 NEW LOANS TO MEMBERS IN 2010. | Description |
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | true | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Loan To Officer Or DQP | true | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | true | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | true | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 60080 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 521 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Form8886 T Filed | false | Form8886TFiled |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 8 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | HANK SIGMON VP CFO | NamePerson |
| Telephone Number | 5033504601 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3555 SW 153 DRIVE | AddressLine1 |
| City | BEAVERTON | City |
| State | OR | State |
| ZIP Code | 97006 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (24 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| CAROLYN STRONG | ||||||||
| CHAIR-BOD | 001.00 | X | 0 | 0 | 0 | |||
| WILLIAM PETERS | ||||||||
| V.CHAIR- BOD | 001.00 | X | 0 | 0 | 0 | |||
| SHOLA ALUKO | ||||||||
| DIRECTOR-BOD | 001.00 | X | 0 | 0 | 0 | |||
| ROB GLOECKNER | ||||||||
| DIRECTOR-BOD | 001.00 | X | 0 | 0 | 0 | |||
| GREG LEFEVER | ||||||||
| DIRECTOR-BOD | 001.00 | X | 0 | 0 | 0 | |||
| TOM GIFFORD | ||||||||
| DIRECTOR-BOD | 001.00 | X | 0 | 0 | 0 | |||
| TONY BACKES | ||||||||
| DIRECTOR-BOD | 001.00 | X | 0 | 0 | 0 | |||
| STEVEN BANG | ||||||||
| DIRECTOR-BOD | 001.00 | X | 0 | 0 | 0 | |||
| THOMAS SARGENT | ||||||||
| CEO | 040.00 | 7701127 | 0 | 94766 | X | X | ||
| BROOKE VAN VLEET | ||||||||
| CAO | 040.00 | 360520 | 0 | 42301 | X | X | ||
| HENRY SIGMON | ||||||||
| CFO | 040.00 | 214404 | 0 | 49019 | X | X | ||
| JOEY RUDISILL | ||||||||
| CIO | 040.00 | 188120 | 0 | 15644 | X | |||
| KELLY CORAH | ||||||||
| SVP/ OFFICE OF SUPERVISORY JURISDICTION | 040.00 | 199031 | 0 | 35360 | X | X | ||
| DEIDRA MINER | ||||||||
| VP OF RISK MANAGEMENT | 040.00 | 193960 | 0 | 24407 | X | |||
| MONIQUE LITTLE | ||||||||
| VP OF HUMAN RESOURCES/TRAINING | 040.00 | 201111 | 0 | 20926 | X | |||
| DEBORAH COLBY | ||||||||
| VP OF MARKETING BUSINESS DEVELOPMENT | 040.00 | 166399 | 0 | 16415 | X | |||
| PAMELA BOWERSOX | ||||||||
| VP OF LENDING SERVICES | 040.00 | 129670 | 0 | 79837 | X | |||
| GRETCHEN WAKEM | ||||||||
| VP OF BRANCH DISTRIBUTION | 040.00 | 143874 | 0 | 48595 | X | |||
| KENNETH DARLING | ||||||||
| CHIEF CREDIT OFFICER | 040.00 | 200180 | 0 | 15419 | X | X | ||
| STEVEN SCHNEIDER | ||||||||
| SENIOR FINANCIAL ADVISOR | 040.00 | 201128 | 0 | 71342 | X | |||
| WAYNE RICHARDS | ||||||||
| FINANCIAL ADVISOR | 040.00 | 251573 | 0 | 78685 | X | |||
| TOM ARGITES | ||||||||
| SENIOR FINANCIAL ADVISOR | 040.00 | 210935 | 0 | 57809 | X | |||
| KIMBERLEE BOUSKA | ||||||||
| FINANCIAL ADVISOR | 040.00 | 164251 | 0 | 10673 | X | |||
| SIMON YU | ||||||||
| MORTGAGE LOAN OFFICER | 040.00 | 213671 | 0 | 9374 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 10739954 | TotalReportableCompFromOrg |
| Total Other Compensation | 670572 | TotalOtherCompensation |
| Number Individuals GT100 K | 25 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| WORK FLOW ONE | |||||
| 4517 W 1730 SOUTH | SALT LAKE CITY | UT | 84104 | POSTAGE | 612158 |
| RWEST | |||||
| 1430 SE 3RD THIRD FLOOR | PORTLAND | OR | 97214 | MARKETING SERVICES | 962221 |
| WORK FLOW ONE | |||||
| PO BOX 644039 | PITTSBURGH | PA | 15264 | ACCOUNT STATEMENTS | 789108 |
| MICROSOFT | |||||
| ONE MICROSOFT WAY BLDG 125/129 | REDMOND | WA | 98052 | BRANCH CONSTRUCTION | 559407 |
| PENDUM | |||||
| PO BOX 712142 | CINCINNATI | OH | 45271 | ATM MAINTENANCE | 654952 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 40 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| INTEREST AND FEES ON LOANS | 522100 | 61490862 | 61490862 | |
| SERVICE FEES | 523000 | 18553188 | 18553188 | |
| UNRELATED BUSINESS INCOME | 523000 | 2326651 | 2326651 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 82370701 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 19997744 | TotalRevenueColumn |
| Related Or Exempt Function Income | 19997744 | RelatedOrExemptFunctionIncome |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 15009000 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 15000000 | Securities |
| Other | -6562272 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 9000 | Securities |
| Other | 6562272 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6571272 | TotalRevenueColumn |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 108939717 | TotalRevenueColumn |
| Related Or Exempt Function Income | 100041794 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 2326651 | UnrelatedBusinessRevenue |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10141885 | Total |
| Program Services | 10141885 | ProgramServices |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9528766 | Total |
| Program Services | 9528766 | ProgramServices |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1977896 | Total |
| Program Services | 1977896 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2829126 | Total |
| Program Services | 2829126 | ProgramServices |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1968010 | Total |
| Program Services | 1968010 | ProgramServices |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4027868 | Total |
| Program Services | 4027868 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 79677 | Total |
| Program Services | 79677 | ProgramServices |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 478575 | Total |
| Program Services | 478575 | ProgramServices |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees For Services Prof Fundraising | FeesForServicesProfFundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 130150 | Total |
| Program Services | 130150 | ProgramServices |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2227628 | Total |
| Program Services | 2227628 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2521256 | Total |
| Program Services | 2521256 | ProgramServices |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5747077 | Total |
| Program Services | 5747077 | ProgramServices |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5990631 | Total |
| Program Services | 5990631 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 285209 | Total |
| Program Services | 285209 | ProgramServices |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 340685 | Total |
| Program Services | 340685 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21865260 | Total |
| Program Services | 21865260 | ProgramServices |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 134865 | Total |
| Program Services | 134865 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2946501 | Total |
| Program Services | 2946501 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 308894 | Total |
| Program Services | 308894 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| LOAN SERVICING | 8639679 | 8639679 |
| PROVISION FOR LOAN LOSSES | 9465000 | 9465000 |
| ADMINISTRATIVE PENSION COSTS FREEZE | 2467266 | 2467266 |
| MISCELLANEOUS | 7336394 | 7336394 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 101438298 | Total |
| Program Services | 101438298 | ProgramServices |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17019296 | BOY |
| EOY | 18808274 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 391159773 | BOY |
| EOY | 62465678 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2902130 | BOY |
| EOY | 2953121 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1608735 | BOY |
| EOY | 1756029 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1135157986 | BOY |
| EOY | 1254981577 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2509880 | BOY |
| EOY | 1759679 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 39304613 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 29456230 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10767786 | BOY |
| EOY | 9848383 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 556425174 | BOY |
| EOY | 892873501 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13971930 | BOY |
| EOY | 12902505 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 200000 | BOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 55316649 | BOY |
| EOY | 65976569 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2187039339 | BOY |
| EOY | 2324325316 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23253787 | BOY |
| EOY | 23309490 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 818604 | BOY |
| EOY | 1427101 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 210147702 | BOY |
| EOY | 160317916 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1771683587 | BOY |
| EOY | 1949006953 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2005903680 | BOY |
| EOY | 2134061460 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 181135659 | BOY |
| EOY | 190263856 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 181135659 | BOY |
| EOY | 190263856 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2187039339 | BOY |
| EOY | 2324325316 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 7501419 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 1626778 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | false | AgentTrusteeEtc |
| Included On FS | true | IncludedOnFS |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1170998 | OtherCostOrOtherBasis |
| Book Value | 1170998 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4881409 | OtherCostOrOtherBasis |
| Depreciation | 1689981 | Depreciation |
| Book Value | 3191428 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 10268753 | OtherCostOrOtherBasis |
| Depreciation | 7179855 | Depreciation |
| Book Value | 3088898 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 22983453 | OtherCostOrOtherBasis |
| Depreciation | 20586394 | Depreciation |
| Book Value | 2397059 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 9848383 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (6 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| MEMBER DEPOSITS- CERTIFICATES | $137,261,216 |
| MEMBER DEPOSITS- INSTANT ACCESS | $1,077,038,165 |
| MEMBER DEPOSITS- IRA ACCOUNTS | $105,147,179 |
| MEMBER DEPOSITS- SHARES | $207,218,197 |
| MEMBER DEPOSITS- CHECKING | $422,269,193 |
| MISCELLANEOUS | $73,003 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1949006953 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| X | 2 | FIN 48 IS NOT APPLICABLE. |
| V | 3 | AMOUNTS ARE ESCROWS HELD ON MORTGAGES SERVICED ON BEHALF OF FNMA AND FHLMC. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (16 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Bonus Filing OrgBonusFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg |
|---|---|---|---|---|---|
| THOMAS SARGENT | |||||
| 235000 | 2974680 | 4491447 | 85192 | 9574 | 7795893 |
| BROOKE VAN VLEET | |||||
| 308520 | 52000 | 33208 | 9093 | 402821 | |
| HENRY SIGMON | |||||
| 180404 | 34000 | 36967 | 12052 | 263423 | |
| JOEY RUDISILL | |||||
| 188120 | 11330 | 4314 | 203764 | ||
| KELLY CORAH | |||||
| 125235 | 73796 | 26152 | 9208 | 234391 | |
| DEIDRA MINER | |||||
| 153760 | 40200 | 17941 | 6466 | 218367 | |
| MONIQUE LITTLE | |||||
| 141652 | 59459 | 8404 | 12522 | 222037 | |
| DEBORAH COLBY | |||||
| 116399 | 50000 | 7451 | 8964 | 182814 | |
| PAMELA BOWERSOX | |||||
| 105214 | 24456 | 70185 | 9652 | 209507 | |
| GRETCHEN WAKEM | |||||
| 116874 | 27000 | 42219 | 6376 | 192469 | |
| KENNETH DARLING | |||||
| 166180 | 34000 | 5845 | 9574 | 215599 | |
| STEVEN SCHNEIDER | |||||
| 34188 | 166940 | 61412 | 9930 | 272470 | |
| WAYNE RICHARDS | |||||
| 31188 | 220385 | 72080 | 6605 | 330258 | |
| TOM ARGITES | |||||
| 30774 | 180161 | 45108 | 12701 | 268744 | |
| KIMBERLEE BOUSKA | |||||
| 27286 | 136965 | 4659 | 6014 | 174924 | |
| SIMON YU | |||||
| 41887 | 171784 | 3355 | 6019 | 223045 | |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | I | Identifier |
| Return Reference | 4b | ReturnReference |
| Explanation | TOM SARGENT, THE CEO OF FIRST TECH CREDIT UNION, RETIRED IN 2010. AS PART OF AN EMPLOYMENT AGREEMENT DATED JUNE 1, 2004 THE CREDIT UNION WILL PROVIDE POST RETIREMENT AND MEDICAL BENEFITS TO MR. SARGENT. IN THE YEAR OF RETIREMENT MR. SARGENT AND THE CREDIT UNION ARE OBLIGATED TO REPORT THE NET PRESENT VALUE OF FUTURE RETIREMENT AND MEDICAL BENEFITS AS TAXABLE COMPENSATION ALTHOUGH NO CASH COMPENSATION FOR THESE BENEFITS OCCURRED IN 2010. THE AMOUNTS REPORTED AS BONUS AND INCENTIVE AND OTHER REPORTABLE COMPENSATION FOR MR. SARGENT REFLECT THE ACCOUNTING AND TAX TREATMENT SURROUNDING THE NET PRESENT VALUE OF ALL FUTURE POST RETIREMENT BENEFITS DESCRIBED ABOVE. THE 4,491,447 REPORTED AS OTHER REPORTABLE COMPENSATION IS THE NET PRESENT VALUE OF THE MEDICAL AND RETIREMENT BENEFITS AND THE 2,974,680 IN BONUS AND INCENTIVE COMPENSATION IS RELATED TO THE TAX OBLIGATION RELATED TO THOSE BENEFITS. ACTUAL BASE COMPENSATION FOR MR. SARGENT FOR 2010 WAS 235,000. THESE AMOUNTS ARE INCLUDED IN THE TOTAL COMPENSATION REPORTED IN PART VII OF THE CORE FORM 990 AND SCHEDULE J. | Explanation |
Schedule L IRS990ScheduleL
Loan Table LoanTable (29 entries)
| Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement | Original PrincipalOriginalPrincipalAmount |
|---|---|---|---|---|---|---|
| THOMAS SARGENT | ||||||
| UNSECURED | X | 67 | false | true | true | |
| THOMAS SARGENT | ||||||
| UNSECURED | X | 804 | false | true | true | |
| HENRY SIGMON | ||||||
| HOME | X | 127141 | false | true | true | $187,000 |
| HENRY SIGMON | ||||||
| UNSECURED | X | 1756 | false | true | true | |
| BROOKE VAN VLEET | ||||||
| HOME | X | 125457 | false | true | true | $137,000 |
| BROOKE VAN VLEET | ||||||
| HOME | X | 21813 | false | true | true | |
| BROOKE VAN VLEET | ||||||
| UNSEUCRED | X | 1675 | false | true | true | |
| DEBORAH COLBY | ||||||
| AUTO | X | 35534 | false | true | true | $37,885 |
| DEIDRA MINER | ||||||
| UNSECURED | X | 1823 | false | true | true | |
| KELLY CORAH | ||||||
| UNSECURED | X | 9 | false | true | true | |
| GRETCHEN WAKEM | ||||||
| UNSECURED | X | 242 | false | true | true | |
| MONIQUE LITTLE | ||||||
| HOME | X | 303538 | false | true | true | $309,000 |
| CAROLYN STRONG | ||||||
| UNSECURED | X | 193 | false | true | true | |
| WILLIAM PETERS | ||||||
| UNSECURED | X | 10 | false | true | true | |
| GREGORY LEFEVER | ||||||
| INDIRECT AUTO | X | 1942 | false | true | true | $6,955 |
| GREGORY LEFEVER | ||||||
| HOME | X | 252721 | false | true | true | $256,000 |
| STEVEN BANG | ||||||
| UNSECURED | X | 7627 | false | true | true | |
| TOM GIFFORD | ||||||
| HOME | X | 95624 | false | true | true | |
| TOM GIFFORD | ||||||
| UNSECURED | X | false | true | true | ||
| SHOLA ALUKO | ||||||
| HOME | X | 20108 | false | true | true | |
| SHOLA ALUKA | ||||||
| UNSECURED | X | false | true | true | ||
| ROBERT GLOECKNER | ||||||
| UNSECURED | X | 12764 | false | true | true | |
| KIMBERLEE BOUSKA | ||||||
| HOME | X | 2232 | false | true | true | |
| KIMBERLEE BOUSKA | ||||||
| HOME | X | 5618 | false | true | true | $33,614 |
| STEVEN SCHNEIDER | ||||||
| HOME | X | 95861 | false | true | true | $100,000 |
| STEVEN SCHEIDNER | ||||||
| HOME | X | 206918 | false | true | true | $212,000 |
| TOM ARGITES | ||||||
| HOME | X | 41872 | false | true | true | |
| TOM ARGITES | ||||||
| HOME | X | 23776 | false | true | true | $35,000 |
| TOM ARGITES | ||||||
| HOME | X | 368903 | false | true | true | $380,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 1756028 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV (5 entries)
| RelationshipRelationship | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|
| SARAH BANG | ||
| SPOUSE OF DIRECTOR | SHARED BRANCH NETWORK | false |
| BROOKE VAN VLEET | ||
| FIRST TECH CREDIT UNION EVP/CAO | GATEWAYS BOARD MEMBER | false |
| BROOKE VAN VLEET | ||
| FIRST TECH CREDIT UNION EVP/CAO | CREDIT UNION ASSOCIATION OF OREGON | false |
| FIELDS APPRAISAL | ||
| OWNED BY A RELATIVE OF OFFICER | APPRAISAL BUSINESS | false |
| HANK SIGMON | ||
| FIRST TECH CREDIT UNION CFO | PROCURRA BOARD MEMBER | false |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (11 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Form 990 Part VI | 6 | THE ORGANIZATION HAS MEMBERS. FIRST TECH CREDIT UNION IS A FINANCIAL COOPERATIVE WITH 170,851 MEMBERS AS OF DECEMBER 31, 2010. |
| Form 990 Part VI | 7A | THE CREDIT UNION MEMBERSHIP ELECTS THE BOARD OF DIRECTORS. |
| Form 990 Part VI | 7B | DECISIONS REGARDING ACQUISITION VIA MERGER MUST BE APPROVED BY THE MEMBERSHIP AS WELL AS THE ELECTION OF DIRECTORS. |
| Form 990 Part VI | 11A | THE FORM 990 IS PREPARED BY THE ACCOUNTING DEPARTMENT AND REVIEWED BY THE CFO AND CEO. THE FORM 990 AND ALL SUPPORTING SCHEDULES ARE THEN DISTRIBUTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW AFTER IT HAS BEEN TRANSMITTED TO THE IRS. |
| Form 990 Part VI | 12C | THE CODE OF ETHICS AGREEMENT CONTAINS BOTH A DISCLOSURE AND A REQUIREMENT THAT THESE INDIVIDUALS REPORT NEW INFORMATION THAT ARISES DURING THE YEAR. THE CREDIT UNION ALSO MAINTAINS A THIRD PARTY WHISTLE-BLOWER LINE AND MONTHLY REPORTS ARE SENT TO INTERNAL AUDIT AND REPORTED TO THE BOARD OF DIRECTORS. IN ADDITION, A VENDOR MANAGEMENT FUNCTION WAS CREATED AND IS CHARGED WITH ENSURING THAT VENDOR RELATIONSHIPS ARE MONITORED AND EVALUATED ANNUALLY. |
| Form 990 Part VI | 15A | THE CREDIT UNION HAS ENGAGED CLARK CONSULTING, 3600 WEST 80th ST., STE 110, MINNEAPOLIS, MN 55431, TO CONDUCT AN INDEPENDENT STUDY AND PROVIDE RECOMMENDATIONS TO THE BOARD OF DIRECTORS. |
| Form 990 Part VI | 15B | HUMAN RESOURCES SUBSCRIBES TO MULTIPLE SURVEYS CUES EXECUTIVE, MILLIMAN TO VALIDATE ALL EXECUTIVE/KEY EMPLOYEE ROLES WITH THE EXCEPTION OF THE CEO. THIS ANALYSIS IS SENT TO THE CEO FOR COMPENSATION RECOMMENDATIONS. |
| Form 990 Part VI | 19 | THE CREDIT UNION HAS ITS ANNUAL REPORT AVAILABLE ONLINE AND MONTHLY REGULATORY FINANCIALS ARE DISPLAYED IN ALL BRANCHES. OUR CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| Form 990 Part XI | 5 | UNREALIZED INVESTMENT LOSSES OF 7,232,383 PLUS NET PENSION GAIN OF 8,859,161 1,626,778 NET INCREASE IN ACCUMULATED OTHER COMPREHENSIVE INCOME. |
| Form 990 | EFFECTIVE JANUARY 1, 2011 FIRST TECHNOLOGY CREDIT UNION MERGED WITH A FEDERALLY CHARTERED CREDIT UNION. AS A RESULT OF THE MERGER, FIRST TECHNOLOGY CREDIT UNION ADOPTED THE MERGED CREDIT UNIONS FEDERAL CHARTER BECOMING FIRST TECHNOLOGY FEDERAL CREDIT UNION. SINCE FEDERALLY CHARTERED CREDIT UNIONS ARE NOT REQUIRED TO FILE FORM 990, THIS IS THE FINAL FORM 990 FILING FOR FIRST TECHNOLOGY CREDIT UNION. | |
| Form 990 Part VII | 1a-9 | TOM SARGENT, THE CEO OF FIRST TECH CREDIT UNION, RETIRED IN 2010. AS PART OF AN EMPLOYMENT AGREEMENT DATED JUNE 1, 2004 THE CREDIT UNION WILL PROVIDE POST RETIREMENT AND MEDICAL BENEFITS TO MR. SARGENT. IN THE YEAR OF RETIREMENT MR. SARGENT AND THE CREDIT UNION ARE OBLIGATED TO REPORT THE NET PRESENT VALUE OF FUTURE RETIREMENT AND MEDICAL BENEFITS AS TAXABLE COMPENSATION ALTHOUGH NO CASH COMPENSATION FOR THESE BENEFITS OCCURRED IN 2010. THE AMOUNTS REPORTED AS BONUS AND INCENTIVE AND OTHER REPORTABLE COMPENSATION FOR MR. SARGENT REFLECT THE ACCOUNTING AND TAX TREATMENT SURROUNDING THE NET PRESENT VALUE OF ALL FUTURE POST RETIREMENT BENEFITS DESCRIBED ABOVE. THE 4,491,447 REPORTED AS OTHER REPORTABLE COMPENSATION IS THE NET PRESENT VALUE OF THE MEDICAL AND RETIREMENT BENEFITS AND THE 2,974,680 IN BONUS AND INCENTIVE COMPENSATION IS RELATED TO THE TAX OBLIGATION RELATED TO THOSE BENEFITS. ACTUAL BASE COMPENSATION FOR MR. SARGENT FOR 2010 WAS 235,000. THESE AMOUNTS ARE INCLUDED IN THE TOTAL COMPENSATION REPORTED IN PART VII OF THE CORE FORM 990 AND SCHEDULE J. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TCU GROUP SERVICES INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3555 SW 153 DRIVE | AddressLine1 |
| City | BEAVERTON | City |
| State | OR | State |
| ZIP Code | 97006 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 930875688 | EIN |
| Primary Activity | INSURANCE | PrimaryActivity |
| Legal Domicile State | OR | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FIRST TECHNOLOGY CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C Corp | TypeOfEntity |
| Share Of Total Income | 1648867 | ShareOfTotalIncome |
| Share Of EOY Assets | 699021 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | true | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| TCU GROUP SERVICES INC | ||
| a | 180000 | ACTUAL |
| TCU GROUP SERVICES INC | ||
| p | 1478671 | ACTUAL |
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