2011-08-19T11:48:46-05:00 2010-12-31 990 2010-01-01 930163693 SELCO COMMUNITY CREDIT UNION SELC 5416868000 PO BOX 7487 EUGENE OR 97401 TIFFANY WASHINGTON 5416868000 2010-07-31 false 2010 2016-02-24 21:20:13Z J ROBERT NEWCOMB PO BOX 7487 EUGENE OR 97401 59339566 false X SELCO.ORG X 1936 OR SELCO STRIVES TO PROVIDE FINANCIAL SERVICES THAT IMPROVE OUR MEMBERS SOCIAL AND ECONOMIC CONDITION. 7 7 291 11 0 0 52306621 50425006 -422528 1687023 5037839 254802 56921932 52366831 58027 46171 13804357 0 13688249 14025358 0 0 32107511 34973044 59658144 49044573 -2736212 3322258 840722730 896212221 776387100 828797339 64335630 67414882 SELCO STRIVES TO PROVIDE FINANCIAL SERVICES THAT IMPROVE OUR MEMBERS SOCIAL AND ECONOMIC CONDITION. false false THE CREDIT UNION PAID OVER 9.1 MILLION IN DIVIDENDS TO MEMBERS. DEPOSIT ACCOUNTS INCLUDE, SAVINGS, CHECKING, MONEY MARKET ACCOUNTS AND CERTIFICATES OF DEPOSIT. AT DECEMBER 31, 2010, DEPOSITS TOTALED 815.7 MILLION. THE CREDIT UNION DISBURSED OVER 202 MILLION IN NEW LOANS TO MEMBERS. LOANS INCLUDE AUTO, MORTGAGE, HOME EQUITY, CREDIT CARD, AND BUSINESS LOANS. AT DECEMBER 31, 2010, LOANS OUTSTANDING TOTALED 682.8 MILLION. DURING 2010, THE CREDIT UNION PROVIDED FINANCIAL PLANNING SERVICES TO APPROXIMATELY 2,600 MEMBERS WITH ASSETS UNDER MANAGEMENT OF 146 MILLION. false false false false false false false true false true false false false true false false true false false false false false false false false false true true true false true false false false false false false false false true true true true false true 25498 0 true 291 true false false false false false false X 7 7 false false false false true true true true true false false false true true true true true true false true false X SELCO COMMUNITY CREDIT UNION 5416868000 1050 HIGH STREET SUITE 300 EUGENE OR 97401 RANDY THWING 2.00 X X 0 0 0 CAROL BECKLEY 2.00 X 0 0 0 KAYE LEFRANCQ 2.00 X 0 0 0 HAROLD WELBORN 2.00 X 0 0 0 DICK METZLER 2.00 X X 0 0 0 CURT HEIMULLER 2.00 X 0 0 0 BETTY JAMES 2.00 X 0 0 0 J ROBERT NEWCOMB 60.00 X 551839 0 30031 TIFFANY WASHINGTON 50.00 X 166934 0 20479 CRAIG CARPENTER 50.00 X 167814 0 12586 MARCIA ROBESON 40.00 X 169517 0 20745 SCOTT HIRSCHORN 40.00 X 154603 0 9813 STEVE MCINTIRE 50.00 X 149575 0 20674 DOUG GROUT 50.00 X 144994 0 16462 FAYE BALLESTER 40.00 X 126535 0 13075 1631811 143865 10 false true false MCKENZIE COMMERCIAL CONTRACTORS 865W 2ND AVE EUGENE OR 97402 BUILDING MAINTE 497683 PREVEDELLO & ASSOCIATES 701 HIGH ST EUGENE OR 97401 WEB MARKETING 460662 INFOIMAGE 141 JEFFERSON DR MENLO PARK CA 94025 STATEMENT PRINT 447001 SHELTON-TURNBULL PRINTERS PO BOX 6989 PORTLAND OR 97228 PRINTING 301132 DIEBOLD INC PO BOX 643543 PITTSBURGH PA 15264 ATM MAINT 295037 11 INTEREST ON LOANS TO MEMBERS 38922495 38922495 SERVICE FEES 11502511 11502511 50425006 1900645 1900645 6745964 13149 6423665 549070 322299 -535921 -213622 -213622 MANAGEMENT FEES 123091 123091 RENTAL INCOME 110381 110381 MISCELLANEOUS 21330 21330 254802 52366831 50466186 1900645 26671 19500 2089110 8997227 489144 1435806 1014071 46763 13548 204236 111919 1000959 1573989 1005526 1302682 182554 9516788 1638022 202274 PROVISION FOR LOAN LOSSES 12117580 MEMBER SERVICES 3174646 NCUA ASSESSMENTS 1971000 LOAN SERVICING 467897 MISCELLANEOUS 442661 49044573 0 0 0 9187289 8931406 79774130 101855230 18514 57635 758104 1056490 675737629 668285942 35410 13944 913678 863495 33313161 16666427 17262829 16646734 34158678 74467347 4026789 4286673 9861807 10212042 8987873 9535283 840722730 896212221 2497312 3495461 142851 257758 42331 45044 10580867 8801658 763123739 816197418 776387100 828797339 X 64335630 67414882 64335630 67414882 840722730 896212221 X 3322258 -243006 X false true true X false false false false false false false true false false false 3480964 3480964 16288784 5430263 10858521 1452667 815099 637568 12090746 10421065 1669681 16646734 MEMBER DEPOSITS 814652032 CLEARING AND SUSPENSE ACCOUNTS 1224290 DEFERRED COMPENSATION LIABILITY 321096 816197418 52366831 49044573 3322258 3322258 53738496 1396959 1396959 52341537 25294 25294 52366831 50416238 1371665 1371665 49044573 49044573 ESCROW LIABILITY ARRANGEMENT EXPLANATION SCHEDULE D, PAGE 2, PART IV, LINE 2B MORTGAGE ESCROW ACCOUNTS TOTALING 45,044. RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 REVENUES OF SUBSIDIARIES REPORTED ON CONSOLIDATED BASIS 0 FINANCIAL STATEMENTS 1,396,959 REVENUES OF SUBSIDIARY REPORTED ON HTE EQUITY BASIS IN 990 -25,294 EXPENSES OF SUBSIDIARIES REPORTED ON CONSOLIDATED BASIS 0 FINANCIAL STATEMENTS -1,371,665 REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D REVENUES OF SUBSIDIARIES REPORTED ON CONSOLIDATED BASIS 0 FINANCIAL STATEMENTS 1,396,959 REVENUE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 4B REVENUES OF SUBSIDIARY REPORTED ON HTE EQUITY BASIS IN 990 25,294 EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 2D EXPENSES OF SUBSIDIARIES REPORTED ON CONSOLIDATED BASIS 0 FINANCIAL STATEMENTS 1,371,665 true EUGENE SCHOOL DISTRICT 4J 936000566 8158 SUPPORT CLASSROOM AMOUNTS UNDER 5000 18513 23 SCHOLARSHIPS 13 19500 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES SCHEDULE I, PAGE 1, PART I, LINE 2 NO MONITORING OF CLASSROOM MINI-GRANTS IS PERFORMED. X X true true X X X false true false J ROBERT NEWCOMB 470690 81149 18375 11656 581870 TIFFANY WASHINGTON 164175 2759 12695 7784 187413 CRAIG CARPENTER 165000 2814 12586 180400 MARCIA ROBESON 168329 1188 12894 7851 190262 SCOTT HIRSCHORN 154423 180 4667 5146 164416 STEVE MCINTIRE 149145 430 11498 9176 170249 DOUG GROUT 140261 1280 3453 10915 5547 161456 SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SCHEDULE J, PAGE 1, PART I, LINE 4 J ROBERT NEWCOMB 0 259,883 0 OTHER ADDITIONAL INFORMATION SCHEDULE J, PART III PART I, LINE 1A - THE CREDIT UNION WILL PROVIDE AIRFARE FOR A TRAVEL PARTNER FOR EACH BOARD MEMBER TO ONE NATIONAL CONFERNCE WITHIN THE UNITED STATES PER YEAR. PART I, LINE 1A - THE CREDIT UNION PROVIDES TAX GROSS UP PAYMENTS TO ITS CEO. PART I, LINE 4B - SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FOR J. ROBERT NEWCOMB. SUBJECT TO CONTINUOUS SATISFACTORY SERVICE TO THE EMPLOYER AND COMPLIANCE WITH EXISTING EMPLOYMENT CONTRACT, THE PLAN BENEFIT WILL BE PAID ON SEPTEMBER 19, 2017. PLAN EARNINGS IN 2010 EQUAL 259,883. J ROBERT NEWCOMB HOME MORTGAGE X 725000 589062 false true true J ROBERT NEWCOMB SPLIT-DOLLAR LIFE INS. X 467428 467428 false true true 1056490 CLASSES OF MEMBERS OR STOCKHOLDERS FORM 990, PAGE 6, PART VI, LINE 6 THE CREDIT UNION IS MEMBER OWNED. ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY A VOTE OF THE CREDIT UNION'S MEMBERS. DECISIONS SUBJECT TO APPROVAL OF MEMBERS FORM 990, PAGE 6, PART VI, LINE 7B REMOVAL OF DIRECTORS MUST BE RATIFIED BY A VOTE OF THE CREDIT UNION'S MEMBERS. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY SENIOR MANAGEMENT ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C DIRECTORS MUST FILE AN ANNUAL CONFLICT OF INTEREST FORM. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION OF THE CEO IS DETERMINED BY THE BOARD OF DIRECOTRS BASED ON COMPARABILITY DATA. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS MAY BE MADE AVAILABLE UPON REQUEST. ANNUAL FINANCIAL STATEMENTS ARE POSTED ON THE CREDIT UNION'S WEB SITE AND MONTHLY STATEMENTS ARE POSTED IN EACH BRANCH LOCATION. OTHER CHANGES IN NET ASSETS EXPLANATION FORM 990, PART XI, LINE 5 OTHER CHANGES TO NET ASSETS CONSIST OF NET UNREALIZED LOSSES ON INVESTMENTS AND A SMALL PRIOR PERIOD ADJUSTMENT. SELCO MORTGAGE COMPANY 925 HARLOW ROAD SPRINGFIELD OR 97477 931254915 MTG BROKER OR 1137123 N/A WHISTLER PROP GP 925 HARLOW ROAD SPRINGFIELD OR 97477 364687978 REAL EST OR N/A RELATED -189 242162 false true 0.10730 SELCO GROUP 925 HARLOW RD SPRINGFIELD OR 97477 930829603 INSURANCE OR N/A C CORP 1074978 655408 1.00000 true true false false false false false false true false true true false false true true false false SELCO GROUP A 57962 FMV SELCO GROUP K 122591 COST WHISTLER PROPERTY GROUP B 242162 FMV