Civic Intelligence

Selco Community Credit Union

990 • Fiscal year 2016 • EIN 93-0163693

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 04, 2017

PO Box 7487Springfield, OR 97475

(541) 686-8000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

44th percentile

0.89x

Higher debt load relative to assets than 44% of similar nonprofits.

2016 filings • 501(c)14 • $1B+ nonprofits • Source year 2016

Liabilities / Revenue

63rd percentile

20.77x

Higher debt load relative to revenue than 63% of similar nonprofits.

2016 filings • 501(c)14 • $1B+ nonprofits • Source year 2016

Net Margin

72nd percentile

23%

Higher net margin than 72% of similar nonprofits.

2016 filings • 501(c)14 • $1B+ nonprofits • Source year 2016

Top Officer Pay

90th percentile

$1,859,885

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2016 filings • 501(c)14 • $1B+ nonprofits • Source year 2016

Asset Growth

45th percentile

8.2%

Faster asset growth than 45% of similar nonprofits.

2016 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2015 to 2016

Revenue Growth

32nd percentile

7.4%

Faster revenue growth than 32% of similar nonprofits.

2016 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2015 to 2016

Assets

Flat

$1,426,271,904

Flat from 2016

Net Assets

Flat

$151,782,152

Flat from 2016

Liabilities

Flat

$1,274,489,752

Flat from 2016

Revenue

Flat

$61,362,097

Flat from 2016

Expenses

Flat

$47,354,075

Flat from 2016

Net Income

Flat

$14,008,022

Flat from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0B$2.0B$1.0B$0Assets 2010: $896,212,221Liabilities 2010: $828,797,339Net Assets 2010: $67,414,8822010Assets 2011: $917,911,146Liabilities 2011: $843,131,719Net Assets 2011: $74,779,4272011Assets 2012: $1,038,300,425Liabilities 2012: $943,839,224Net Assets 2012: $94,461,2012012Assets 2013: $1,144,773,594Liabilities 2013: $1,034,871,982Net Assets 2013: $109,901,6122013Assets 2014: $1,206,692,937Liabilities 2014: $1,082,069,594Net Assets 2014: $124,623,3432014Assets 2015: $1,317,974,899Liabilities 2015: $1,180,081,489Net Assets 2015: $137,893,4102015Assets 2016: $1,426,271,904Liabilities 2016: $1,274,489,752Net Assets 2016: $151,782,1522016Assets 2016: $1,426,271,904Liabilities 2016: $1,274,489,752Net Assets 2016: $151,782,1522016Assets 2017: $1,529,534,336Liabilities 2017: $1,361,569,397Net Assets 2017: $167,964,9392017Assets 2018: $1,616,007,565Liabilities 2018: $1,429,052,793Net Assets 2018: $186,954,7722018Assets 2019: $1,770,844,236Liabilities 2019: $1,560,895,881Net Assets 2019: $209,948,3552019Assets 2020: $2,184,351,982Liabilities 2020: $1,952,943,198Net Assets 2020: $231,408,7842020Assets 2021: $2,557,598,852Liabilities 2021: $2,311,916,642Net Assets 2021: $245,682,2102021Assets 2022: $2,552,976,468Liabilities 2022: $2,326,074,136Net Assets 2022: $226,902,3322022Assets 2023: $2,727,247,560Liabilities 2023: $2,473,105,006Net Assets 2023: $254,142,5542023Assets 2024: $2,772,150,576Liabilities 2024: $2,494,120,075Net Assets 2024: $278,030,5012024

Highlighted filing

2016

Assets$1,426,271,904
Liabilities$1,274,489,752
Net Assets$151,782,152

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$150M$100M$50M$0Expenses 2010: $49,044,5732010Expenses 2011: $43,297,7992011Expenses 2012: $36,300,1522012Revenue 2013: $57,715,304Expenses 2013: $40,870,386Net Income 2013: $16,844,9182013Revenue 2014: $54,881,676Expenses 2014: $41,613,673Net Income 2014: $13,268,0032014Revenue 2015: $57,147,455Expenses 2015: $43,116,697Net Income 2015: $14,030,7582015Revenue 2016: $61,362,097Expenses 2016: $47,354,075Net Income 2016: $14,008,0222016Revenue 2016: $61,362,097Expenses 2016: $47,354,075Net Income 2016: $14,008,0222016Revenue 2017: $68,530,029Expenses 2017: $53,922,039Net Income 2017: $14,607,9902017Revenue 2018: $76,309,863Expenses 2018: $55,970,594Net Income 2018: $20,339,2692018Revenue 2019: $88,741,355Expenses 2019: $66,859,907Net Income 2019: $21,881,4482019Revenue 2020: $88,966,031Expenses 2020: $70,468,628Net Income 2020: $18,497,4032020Revenue 2021: $90,564,912Expenses 2021: $68,389,797Net Income 2021: $22,175,1152021Revenue 2022: $104,765,666Expenses 2022: $72,182,994Net Income 2022: $32,582,6722022Revenue 2023: $139,819,159Expenses 2023: $121,694,355Net Income 2023: $18,124,8042023Revenue 2024: $159,490,682Expenses 2024: $138,607,145Net Income 2024: $20,883,5372024

Highlighted filing

2016

Revenue$61,362,097
Expenses$47,354,075
Net Income$14,008,022
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 4, 2017
Return Version
2016v3.0
Gross Receipts
$104,434,106
Mission and Program Overview

Mission

Selco strives to provide financial services that improve our members' social and economic condition.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,003,310,909$1,139,152,141▲ $135,841,232
Rtn Earn Endowment Incm Other Fnds$137,893,410$151,782,152▲ $13,888,742
Investments in Publicly Traded Securities$122,126,375$119,511,969▼ $2,614,406
Savings and Temporary Cash Investments$133,076,307$104,326,416▼ $28,749,891
Land, Buildings, and Equipment, Net$22,914,539$23,939,026▲ $1,024,487
Cash and Non-Interest-Bearing Accounts$10,652,186$9,740,189▼ $911,997
Investments Other Securities$3,168,475$5,954,040▲ $2,785,565
Receivables From Officers Etc$3,825,832$4,231,174▲ $405,342
Intangible Assets$759,636$508,697▼ $250,939
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,317,974,899$1,426,271,904▲ $108,297,005
Other Assets Total$18,140,640$18,908,252▲ $767,612
Liabilities
Other Liabilities$1,173,163,177$1,266,879,624▲ $93,716,447
Accounts Payable and Accrued Expenses$6,816,204$7,386,144▲ $569,940
Escrow Account Liability$102,108$223,984▲ $121,876
Total Liabilities$1,180,081,489$1,274,489,752▲ $94,408,263
Net Assets / Fund Balance
Total Net Assets Fund Balance$137,893,410$151,782,152▲ $13,888,742
Total Liabilities and Net Assets / Fund Balance$1,317,974,899$1,426,271,904▲ $108,297,005

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,497,449$8,983,437$23,480,886
Equipment$3,348,331$12,393,285$15,741,616
Land$6,083,208-$6,083,208
Leasehold Improvements$10,038$879,192$889,230
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
J Robert NewcombCEO/Secretary/DirectorFT$858,359$1,000,703$1,859,062
Edward RubinVP Investment/Retirement SvcsFT$288,500$34,512$323,012
Tiffany WashingtonSVP Finance/Member SolutionsFT$230,656$71,942$302,598
Craig CarpenterSVP Lending/Business SolutionsFT$212,235$80,940$293,175
Steven Buel-McIntireVP Administration/General CounselFT$214,452$68,273$282,725
Kirk LatourneauVP Information Systems/TechFT$196,280$61,277$257,557
Scott HirschhornSenior Mortgage Loan OfficerFT$181,194$22,833$204,027
Timothy BooherMortgage Loan OfficerFT$174,520$23,537$198,057
Dick MetzlerDirector-$1,559-$1,559
Jeanne StatonDirector-$1,393-$1,393
Curt HeimullerDirector-$1,246-$1,246
Harold WelbornPresident/Chairperson-$1,222-$1,222

Board Members and Trustees

NameTitle
Jim LindlyVice President
Carol BeckleyDirector
Kaye LeFrancqDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
DVA AdvertisingAdvertising content and placement109 NW Greenwood Ave, Bend, OR 97701$838,063
NCR CorporationATM Equipment and maintenance14181 Collection Center Dr, Chicago, IL 60693$610,146
McKenzie Commercial ContractorsConstruction Contractor865 W 2nd Ave, Eugene, OR 97402$537,552
Prevedello HettickWeb Marketing1574 Coburg Rd, Eugene, OR 97401$500,221
Shelton-Turnbull PrintersPrintingPO Box 22008, Eugene, OR 97402$390,326
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$51,756,978
Investment Income
$2,348,763
Other Revenue
$7,256,356
Change in Net Assets
$14,008,022
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,830,316
Salaries, Compensation, and Employee Benefits$23,461,113
Grants and Similar Amounts Paid$62,646
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$15,273,609
Interest---$4,035,990
Office Expenses---$3,701,935
All Other Expenses---$2,983,252
Other Employee Benefits---$2,518,905
Current Officers, Directors, Trustees, and Key Employees---$2,461,079
Occupancy---$2,439,039
Advertising---$2,260,268
Information Technology---$1,850,994
Payroll Taxes---$1,785,011
Pension Plan Contributions---$1,422,509
Fees for Services Other---$282,878
Travel---$246,972
Insurance---$162,996
Fees for Services Accounting---$113,210
Fees for Services Legal---$84,445
Grants to Domestic Orgs---$32,646
Grants to Domestic Individuals---$30,000
Other Expenses---$150
Total Functional Expenses$0$0$0$47,354,075
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$3,825,832$4,231,174▲ $405,342
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBERS' SHARE AND SAVINGS ACCOUNTS$1,264,163,856
Deferred Compensation Liability$2,715,768
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

The credit union is member owned.

Form 990, Part VI, Section A, line 7A

The board of directors is elected by a vote of the credit union's members.

Form 990, Part VI, Section A, line 7B

Removal of directors must be ratified by a vote of the credit union's members.

Form 990, Part VI, Section B, line 11B

Form 990 is reviewed by Senior Management.

Form 990, Part VI, Section B, line 12C

Directors file an annual conflict of interest statement. The credit union reports related party loans on the NCUA Call Report but otherwise relies on self-reporting to monitor ongoing transactions. Potential conflicts would be reviewed by the credit union's legal counsel. Restrictions imposed as the result of an actual conflict of interest depend on the nature of the conflict. There are no known conflicts and no restricions are currently in effect.

Form 990, Part VI, Section B, line 15A

The SELCO Community Credit Union Salary Administration Program methodology is designed to attract and retain top talent within the industry. One component of the Program is the utilization of salary survey data which provides guidance in establishing appropriate salary ranges and in determining annual base pay changes. Historically, the Credit Union Executive Society (CUES) Survey was used as a baseline for salary and compensation guidance for the Chief Executive Officer (CEO) and the Executive Team. The number of participants reporting CEO salaries has declined to a level that this survey no longer provides meaningful data. In lieu of relevant survey information, Human Resources compiles publically available Form 990 data to use for benchmarking. This data includes only state-chartered credit unions since federally-chartered credit unions are excluded from the requirement to file an individual Form 990. The benchmark data is provided to the Board of Directors each January to be used as a general comparison and guidance. Periodically, the Board may commission an external firm to provide benchmark data. During the CEO Performance Evaluation process, the Board meets in Executive Session to discuss CEO performance, review compensation benchmark data, and establish the appropriate compensation level. Compensation changes are documented in a Memo to the Payroll and Personnel file, which summarizes the meeting discussion and memorializes actions.

Form 990, Part VI, Section C, line 19

Governing documents and the conflict of interest policy may be made available upon request. Annual financial statements are posted on the credit union's website and monthly statements are posted in each branch location.

Filing and Contact Details

Filer

Filer Name
SELCO Community Credit Union
EIN
93-0163693
Phone
5416868000
Address
PO Box 7487, Springfield, OR 97475

Signing Officer

Name
Tiffany Washington
Title
Senior VP of Finance
Phone
5416868000
Signed
2017-10-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Robert Newcomb
Formed
1936
Legal Domicile
Or
Voting Board Members
7
Independent Board Members
7
Employees
394
Volunteers
11

Preparer

Firm
Moss Adams LLP
Address
805 SW Broadway Ste 1200, Portland, OR 97205
Preparer
Wendy Campos
Phone
5032421447
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Passthrough book/tax differences 199,850.

Financial Statement Notes

Part IV, Line 2B:

At December 31, 2016, the credit union maintained mortgage escrow accounts totaling $223,984.

Part X, Line 2:

Fin 48 (asc 740) financial statement footnote - the credit union had no unrecognized tax benefits at december 31, 2016 and 2015. The credit union recognizes the accrual of interest and penalties related to unrecognized tax benefits as a tax expense. During the years ended december 31, 2016 and 2015, it recognized no material interest or penalties.

Raw XML AppendixShowing 400 of 721 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt06816204
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt07386144
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SELCO STRIVES TO PROVIDE FINANCIAL SERVICES THAT IMPROVE OUR MEMBERS' SOCIAL AND ECONOMIC CONDITION.
IRS990/AdvertisingGrp/TotalAmt02260268
IRS990/AllOtherExpensesGrp/TotalAmt02983252
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0TIFFANY WASHINGTON
IRS990/BooksInCareOfDetail/PhoneNum05416868000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01050 High Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Eugene
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OR
IRS990/BooksInCareOfDetail/USAddress/ZIPCd097401
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt010652186
IRS990/CashNonInterestBearingGrp/EOYAmt09740189
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt026
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt02461079
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt0838063
IRS990/ContractorCompensationGrp/CompensationAmt1610146
IRS990/ContractorCompensationGrp/CompensationAmt2537552
IRS990/ContractorCompensationGrp/CompensationAmt3500221
IRS990/ContractorCompensationGrp/CompensationAmt4390326
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0109 NW Greenwood Ave
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt114181 Collection Center Dr
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2865 W 2nd Ave
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt31574 Coburg Rd
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt4PO Box 22008
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Bend
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1Chicago
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2Eugene
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3Eugene
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4Eugene
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0OR
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2OR
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3OR
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4OR
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd097701
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd160693
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd297402
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd397401
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd497402
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0DVA Advertising
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1NCR Corporation
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2McKenzie Commercial Contractors
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3Prevedello Hettick
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4Shelton-Turnbull Printers
IRS990/ContractorCompensationGrp/ServicesDesc0Advertising content and placement
IRS990/ContractorCompensationGrp/ServicesDesc1ATM Equipment and maintenance
IRS990/ContractorCompensationGrp/ServicesDesc2Construction Contractor
IRS990/ContractorCompensationGrp/ServicesDesc3Web Marketing
IRS990/ContractorCompensationGrp/ServicesDesc4Printing
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt062646
IRS990/CYInvestmentIncomeAmt02348763
IRS990/CYOtherExpensesAmt023830316
IRS990/CYOtherRevenueAmt07256356
IRS990/CYProgramServiceRevenueAmt051756978
IRS990/CYRevenuesLessExpensesAmt014008022
IRS990/CYSalariesCompEmpBnftPaidAmt023461113
IRS990/CYTotalExpensesAmt047354075
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt061362097
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0The credit union paid over $4 million in dividends to members. Deposit accounts include savings, checking, money market accounts and certificates of deposit. As of December 31, 2016, deposits totaled $1.26 billion.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt0394
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EscrowAccountLiabilityGrp/BOYAmt0102108
IRS990/EscrowAccountLiabilityGrp/EOYAmt0223984
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt0113210
IRS990/FeesForServicesLegalGrp/TotalAmt084445
IRS990/FeesForServicesOtherGrp/TotalAmt0282878
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt03.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt760.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt850.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt950.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1050.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1150.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1250.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1345.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1445.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt7526337
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt839353
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt951239
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1027218
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1142594
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1239613
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1322202
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1422127
IRS990/Form990PartVIISectionAGrp/PersonNm0Harold Welborn
IRS990/Form990PartVIISectionAGrp/PersonNm1Jim Lindly
IRS990/Form990PartVIISectionAGrp/PersonNm2Kaye LeFrancq
IRS990/Form990PartVIISectionAGrp/PersonNm3Dick Metzler
IRS990/Form990PartVIISectionAGrp/PersonNm4Carol Beckley
IRS990/Form990PartVIISectionAGrp/PersonNm5Curt Heimuller
IRS990/Form990PartVIISectionAGrp/PersonNm6Jeanne Staton
IRS990/Form990PartVIISectionAGrp/PersonNm7J Robert Newcomb
IRS990/Form990PartVIISectionAGrp/PersonNm8Tiffany Washington
IRS990/Form990PartVIISectionAGrp/PersonNm9Craig Carpenter
IRS990/Form990PartVIISectionAGrp/PersonNm10Edward Rubin
IRS990/Form990PartVIISectionAGrp/PersonNm11Steven Buel-McIntire
IRS990/Form990PartVIISectionAGrp/PersonNm12Kirk Latourneau
IRS990/Form990PartVIISectionAGrp/PersonNm13Scott Hirschhorn
IRS990/Form990PartVIISectionAGrp/PersonNm14Timothy Booher
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt01222
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt31559
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt51246
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt61393
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt71332725
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8263245
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9241936
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10295794
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11240131
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12217944
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13181825
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14175930
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7823
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0President/Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7CEO/Secretary/Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8SVP Finance/Member Solutions
IRS990/Form990PartVIISectionAGrp/TitleTxt9SVP Lending/Business Solutions
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP Investment/Retirement Svcs
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP Administration/General Counsel
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP Information Systems/Tech
IRS990/Form990PartVIISectionAGrp/TitleTxt13Senior Mortgage Loan Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt14Mortgage Loan Officer
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-241197
IRS990/GainOrLossGrp/SecuritiesAmt0197202
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt030000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt032646
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0807083
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt042178862
IRS990/GrossReceiptsAmt0104434106
IRS990/GrossRentsGrp/RealAmt059584
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt028
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt01850994
IRS990/InsuranceGrp/TotalAmt0162996
IRS990/IntangibleAssetsGrp/BOYAmt0759636
IRS990/IntangibleAssetsGrp/EOYAmt0508697
IRS990/InterestGrp/TotalAmt04035990
IRS990/InvestmentIncomeGrp/ExclusionAmt02599404
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02392758
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0-206646
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt03168475
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt05954040
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0122126375
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0119511969
IRS990/IRPDocumentCnt029235
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt022255914
IRS990/LandBldgEquipBasisNetGrp/BOYAmt022914539
IRS990/LandBldgEquipBasisNetGrp/EOYAmt023939026
IRS990/LandBldgEquipCostOrOtherBssAmt046194940
IRS990/LegalDomicileStateCd0OR
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01048280
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt041981660
IRS990/LessRentalExpensesGrp/RealAmt042069
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SELCO strives to provide financial services that improve our members' social and economic condition.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0137893410
IRS990/NetAssetsOrFundBalancesEOYAmt0151782152
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt021622
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-65617
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-43995
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt017515
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt017515
IRS990/NetUnrelatedBusTxblIncmAmt0-305207
IRS990/NetUnrlzdGainsLossesInvstAmt0-319130
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt02439039
IRS990/OfficeExpensesGrp/TotalAmt03701935
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt018140640
IRS990/OtherAssetsTotalGrp/EOYAmt018908252
IRS990/OtherChangesInNetAssetsAmt0199850
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02518905
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2ASSOCIATION DUES
IRS990/OtherExpensesGrp/Desc3TAXES ON UBI
IRS990/OtherExpensesGrp/TotalAmt03234138
IRS990/OtherExpensesGrp/TotalAmt12303944
IRS990/OtherExpensesGrp/TotalAmt2130105
IRS990/OtherExpensesGrp/TotalAmt3150
IRS990/OtherLiabilitiesGrp/BOYAmt01173163177
IRS990/OtherLiabilitiesGrp/EOYAmt01266879624
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0INTERCHANGE INCOME
IRS990/OtherRevenueMiscGrp/Desc1OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07188702
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt150139
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07188702
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt150139
IRS990/OtherRevenueTotalAmt07238841
IRS990/OtherSalariesAndWagesGrp/TotalAmt015273609
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01003310909
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01139152141
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt01785011
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt01422509
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0J Robert Newcomb
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE CHARGES AND FE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt040231240
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt111157589
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt040231240
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt111525738
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0368149
IRS990/ProgSrvcAccomActy2Grp/Desc0The credit union disbursed over $460 million in new loans to members. Loans include auto, home mortgage, home equity, credit card, and business loans. At December 31, 2016, loans outstanding totaled $1.15 billion.
IRS990/ProgSrvcAccomActy3Grp/Desc0During 2016, the credit union provided financial planning services to approximately 2,900 members with assets under management of $289 million.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt061965
IRS990/PYInvestmentIncomeAmt02116383
IRS990/PYOtherExpensesAmt021787258
IRS990/PYOtherRevenueAmt06668375
IRS990/PYProgramServiceRevenueAmt048362697
IRS990/PYRevenuesLessExpensesAmt014030758
IRS990/PYSalariesCompEmpBnftPaidAmt021267474
IRS990/PYTotalExpensesAmt043116697
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt057147455
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt03825832
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt04231174
IRS990/ReconcilationRevenueExpnssAmt014008022
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt017515
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0137893410
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0151782152
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0133076307
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0104326416
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt014497449
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08983437
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt023480886
IRS990ScheduleD/EquipmentGrp/BookValueAmt03348331
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012393285
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015741616
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt06083208
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06083208
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt010038
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0879192
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0889230
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01264163856
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12715768
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' SHARE AND SAVINGS ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED COMPENSATION LIABILITY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0At December 31, 2016, the credit union maintained mortgage escrow accounts totaling $223,984.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FIN 48 (ASC 740) FINANCIAL STATEMENT FOOTNOTE - THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2016 AND 2015. THE CREDIT UNION RECOGNIZES THE ACCRUAL OF INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS A TAX EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2016 AND 2015, IT RECOGNIZED NO MATERIAL INTEREST OR PENALTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt023939026
IRS990ScheduleD/TotalLiabilityAmt01266879624
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt030000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Student Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt020
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0No monitoring of classroom grants or student scholarships is performed.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IdemnificationGrossUpPmtsInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,772$2,494$278$159$139$20.9
2023Summary only. Only limited summary data is available for this year.$2,727$2,473$254$140$122$18.1
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,553$2,326$227$105$72.2$32.6
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,558$2,312$246$90.6$68.4$22.2
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,184$1,953$231$89.0$70.5$18.5
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,771$1,561$210$88.7$66.9$21.9
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,616$1,429$187$76.3$56.0$20.3
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,530$1,362$168$68.5$53.9$14.6
2016Detailed filing. Detailed filing data is available for this year.$1,426$1,274$152$61.4$47.4$14.0
2016Summary only. Only limited summary data is available for this year.$1,426$1,274$152$61.4$47.4$14.0
2015Detailed filing. Detailed filing data is available for this year.$1,318$1,180$138$57.1$43.1$14.0
2014Detailed filing. Detailed filing data is available for this year.$1,207$1,082$125$54.9$41.6$13.3
2013Detailed filing. Detailed filing data is available for this year.$1,145$1,035$110$57.7$40.9$16.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,038$944$94.5$36.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$918$843$74.8$43.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$896$829$67.4$49.0