2011-05-13T18:06:08-05:00 2010-12-31 MOSS ADAMS LLP 805 SW BROADWAY 1200 PORTLAND OR 97205 990 2010-01-01 930251640 ADVANTIS CREDIT UNION ADVA 5037852528 10501 SE MAIN STREET MILWAUKIE OR 97222 LAURIE WILSON 5037852528 2011-05-12 1 WENDY CAMPOS 5032421447 2010 2016-02-24 21:20:13Z JAKE JENSEN 10501 SE MAIN STREET MILWAUKIE OR 97222 40965274 0 X WWW.ADVANTISCU.ORG X 1928 OR PROVIDING FINANCIAL SERVICES TO MEMBERS 9 9 147 15 661846 -76304 0 0 37447657 37070541 3156927 2782181 -1851062 29610 38753522 39882332 152433 29129 0 0 7258349 7484222 0 0 0 33643973 25065731 41054755 32579082 -2301233 7303250 723552651 756349275 655331076 680889049 68221575 75460226 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 42,316 MEMBERS. SERVICES INCLUDE SHARE DEPOSITS AND LOANS TO MEMBERS. 0 0 1 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 17546 0 1 147 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 0 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 JIM BAGGENSTOS 2.00 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 LOU BRUNEAU 2.00 X 0 0 0 RON BARRICK 40.00 X 572379 0 60339 LAURIE WILSON 40.00 X 158279 0 29439 CHRIS ANDERSON 40.00 X 188827 0 29365 WENDY EDWARDS 40.00 X 152743 0 20699 CAMERON DICKEY 40.00 X 179943 0 23543 TIM CLOUSE 40.00 X 144926 0 27198 PATRICK HUEY 40.00 X 100017 0 13632 1497114 0 204215 7 0 1 0 R&H CONSTRUCTION 1530 SW TAYLOR ST PORTLAND OR 97205 BRANCH CONSTRUCTION PROJECT 424829 EPSKAMP CONSULTING LLC 4500 SW KRUSE WAY STE 100 LAKE OSWEGO OR 97035 BUSINESS LOAN UNDERWRITING 264500 EHS DESIGN 600 UNIVERSITY ST STE 1818 SEATTLE WA 98101 BRANCH CONSTRUCTION PROJECT 213660 LOOMIS PO BOX 94600 SEATTLE WA 98124 ATM CASH SERVICES 195729 WORKFLOW ONE PO BOX 644039 PITTSBURGH PA 15264 PRINTING & MAILING SERVICES 166976 10 INTEREST ON LOANS 522100 31221195 31221195 SERVICE CHARGES & FEES 522100 3379344 3338859 40485 MORTGAGE BANKING REV 522100 1824493 1824493 OTHER INCOME 522100 645509 32979 612530 37070541 2678443 8831 2669612 212542 212542 212542 212542 1186680 1082942 103738 103738 114866 -11128 IMPAIRMENT LOSSES 522100 -182932 -182932 -182932 39882332 36532392 661846 2688094 19129 10000 1415556 4419754 534988 571369 542555 123172 69627 20400 839499 592432 837165 1544678 811370 102533 241031 9284096 1206821 82751 PROVISION FOR LOAN LOSS 4966285 NCUA ASSESSMENTS 1571375 VISA/ATM EXPENSE 1455075 LENDING EXPENSE 997382 TAXES ON UBI -115662 435701 32579082 3508011 6061565 19043406 59371810 576701204 544106690 372084 321203 17537142 7286242 7540005 10250900 94989682 113363664 5074400 5074400 16323859 17799043 723552651 756349275 6283432 6040117 14822438 10068649 634225206 664780283 655331076 680889049 X 0 0 0 0 68221575 75460226 68221575 75460226 723552651 756349275 X 7303250 -64599 X 0 1 1 X 0 30000 30000 30000 1 CREDIT UNION LEGISLATIVE ACTION FUND 8205 SW CREEKSIDE PLACE STE 220 BEAVERTON OR 97008 800043051 30000 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: PART I-A, LINE 1: THE CREDIT UNION'S ONLY POLITICAL ACTIVITY IS CONTRIBUTIONS TO THE CREDIT UNION LEGISLATIVE ACTION FUND. 447379 447379 8808676 1864973 6943703 1652642 578625 1074017 6628445 4842644 1785801 10250900 MEMBERS' SHARES 664780283 664780283 39882332 32579082 7303250 -64599 -64599 7238651 39882332 0 39882332 0 39882332 32579082 0 32579082 0 32579082 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS WHICH WOULD REQUIRE AN ADJUSTMENT TO THE JANUARY 1, 2009 BEGINNING BALANCE OF UNDIVIDED EARNINGS. THE CREDIT UNION ALSO HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2010 AND 2009. THE CREDIT UNION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS AN ADMINISTRATIVE EXPENSE. HOWEVER, DURING THE YEARS ENDED DECEMBER 31, 2010 AND 2009, THE CREDIT UNION RECOGNIZED NO INTEREST AND PENALTIES. 1 OREGON CREDIT UNION FOUNDATION PO BOX 1900 BEAVERTON OR 97075 930927709 501(C)(3) 6500 CREDIT UNIONS FOR KIDS PROGRAM 1 COLLEGE SCHOLARSHIP PAYOUTS 10 10000 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 466796 0 94420 0 11163 0 45900 0 14439 0 632718 0 0 0 LAURIE WILSON 137400 0 26472 0 -5593 0 15114 0 14325 0 187718 0 0 0 CHRIS ANDERSON 166492 0 28928 0 -6593 0 14984 0 14381 0 218192 0 0 0 WENDY EDWARDS 131848 0 23262 0 -2367 0 14503 0 6196 0 173442 0 0 0 CAMERON DICKEY 153227 0 26829 0 -113 0 9951 0 13592 0 203486 0 0 0 TIM CLOUSE 126387 0 23052 0 -4513 0 13903 0 13295 0 172124 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. 113394 THE CREDIT UNION PAID SUSAN FOR CONTRACT LOAN UNDERWRITING SERVICES. 0 CINDY BARRICK CINDY IS THE WIFE OF THE CEO OF THE CREDIT UNION. 52476 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: 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: -64,599.