2025-11-13T12:37:15-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2024-01-01 936024307 RIVERMARK COMMUNITY CREDIT UNION RIVE 5035262696 14405 MEYERS ROAD OREGON CITY OR 97045 DERRICK PETERSON CFO 5035262696 2025-11-12 1 1 WENDY CAMPOS P00448102 5032421447 2025-11-12 2024 2025-03-06 01:10:19Z JASON WERTS 14405 MEYERS ROAD OREGON CITY OR 97045 152693309 0 X RIVERMARKCU.ORG X 1951 OR CONDUCTING CREDIT UNION FINANCIAL SERVICES FOR A MEMBER OWNED FINANCIAL COOPERATIVE. 14 14 368 15 737425 21438 0 0 66593410 77419401 14773788 26819321 0 0 81367198 104238722 0 152911 0 0 30464124 32686457 0 0 0 46541524 73101653 77005648 105941021 4361550 -1702299 1448214620 3331651060 1368036785 3031151431 80177835 300499629 PROVIDE QUALITY FINANCIAL SERVICES, PRODUCTS AND SUPPORT FOR MEMBERS IN THE LOCAL COMMUNITIES WE SERVE. 0 0 PROVIDED FINANCIAL SERVICES TO 179,805 MEMBERS, INCLUDING SHARE DEPOSITS AND LOANS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 42349 0 1 368 1 1 1 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X DERRICK PETERSON 5037852528 14405 MEYERS ROAD OREGON CITY OR 97045 KIM BICKFORD VICE CHAIR 2.00 X X 44000 0 0 JOSH STEPHENSON DIRECTOR 2.00 X 20000 0 0 GLORIA ZABEL DIRECTOR 2.00 X 20000 0 0 BRETT BRYANT DIRECTOR 2.00 X 15000 0 0 JESUS MIGUEL PALOMARES DIRECTOR 2.00 X 15000 0 0 TARUN GUDZ CHAIR 2.00 X X 6375 0 0 AMANDA OWINGS DIRECTOR 2.00 X 5208 0 0 TRACI ROSSI SECRETARY/TREASURER 2.00 X X 4500 0 0 TAMMY TESKE DIRECTOR, GOVERNANCE COMMITTEE CHAIR 2.00 X 4500 0 0 BRYAN SIMS DIRECTOR 2.00 X 4500 0 0 JAKE JENSEN DIRECTOR 2.00 X 4208 0 0 NATHAN MORALES ASSOCIATE DIRECTOR 2.00 X 2908 0 0 PATRICK HAGER DIRECTOR 2.00 X 0 0 0 GARY FRAYN DIRECTOR (THRU 9/24) 2.00 X 13750 0 0 ROB LAVIGNE DIRECTOR (THRU 9/24) 2.00 X 13750 0 0 STEVEN HOLLAND DIRECTOR (THRU 9/24) 2.00 X 14750 0 0 KERRI LEATHERS IZUNAGBARA DIRECTOR (THRU 9/24) 2.00 X 17500 0 0 IAN CAMPBELL DIRECTOR (THRU 9/24) 2.00 X 8250 0 0 SETH SCHAEFER EVP/CHIEF IMPACT OFFICER 40.00 X 838260 0 52346 CORI POLAND CHIEF RETAIL OFFICER 40.00 X 319307 0 41078 STEPHANIE STRIMLING CHIEF INFORMATION OFFICER 40.00 X 314851 0 14738 ABEN HILL CHIEF LENDING OFFICER (THRU 6/24) 40.00 X 262786 0 9880 JASON WERTS PRESIDENT/CEO 40.00 X 196880 0 11388 GREG SPEAR CHIEF FINANCIAL OFFICER 40.00 X 153604 0 8525 KELI MYERS CHIEF OPERATING OFFICER 40.00 X 112400 0 10858 CHRIS GROSHKO CHIEF EXPERIENCE OFFICER 40.00 X 106027 0 9210 JOHN NICHOLS SVP OF MARKETING 40.00 X 76514 0 5946 JENNIFER MCMURRAY VP OF STRATEGY & ADVOCACY 40.00 X 57225 0 7655 JEREMY CALVA CHIEF RISK OFFICER 40.00 X 285126 0 12461 DAVID NOBLE CHIEF MARKETING OFFICER 40.00 X 286574 0 18292 RYAN HALLEY SVP FINANCIAL WELLNESS 40.00 X 214027 0 16384 MICKEY BEARD VP LENDING 40.00 X 219751 0 26986 BRIAN GREENFIELD VP DATA, DEVELOPMENT & GOVERNANCE 40.00 X 210728 0 8253 RANDY BRESEE VP F&RC LEADER 40.00 X 194947 0 15824 MARK KAYDO VP BUSINESS SERVICES (THRU 12/24) 40.00 X 195835 0 14106 CHERYL MCCARTHY VP PRODUCT DEVELOPMENT & MGMT 40.00 X 185818 0 15301 AMY ZIMMERMAN VP, FP&A (THRU 11/24) 40.00 X 186435 0 14279 MICHELE CHIRGWIN AVP ENTERPRISE RISK MGMT 40.00 X 162024 0 14390 TRACEY SCHERADELLA VP MORTGAGE LENDING 40.00 X 196347 0 8046 RODNEY BEARD INFORMATION SECURITY OFFICER 40.00 X 177654 0 7430 5167319 0 343376 67 0 1 0 CU COOPERATIVE SYSTEMS INC 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 DEBIT AND CREDT CARD PROCESSING 3411138 COASTAL ADMINISTRATIVE SERVICES 600 UNIVERSITY ST SEATTLE WA 98101 HEALTHCARE ADMINISTRATION 1501835 DIGITAL FIRST HOLDINGS PO BOX 740641 LOS ANGELES CA 900740641 ONLINE BANKING PROVIDER 1425662 UNIFY FINANCIAL CREDIT UNION 3200 EL CAMINO REAL STE 200 IRVINE CA 92612 LEAD LOAN PARTICIPATION LENDER 1361994 REGENCE GROUP ADMINISTRATORS 10700 NORTHUP WAY STE 100 BELLEVUE WA 98004 HEALTHCARE ADMINISTRATION 954533 57 INTEREST ON LOANS 522100 58953653 58953653 INTERCHANGE INCOME 522100 10676762 10611780 64982 SERVICE CHARGES AND FE 522100 6609492 6556658 52834 OTHER NON-INTEREST INC 522100 1378340 758731 619609 MORTGAGE SALES AND SER 522100 -198846 -198846 77419401 28569373 28569373 46507689 196846 48454587 0 -1946898 196846 -1750052 -1750052 104238722 76681976 737425 26819321 149561 3350 6084441 18206604 3542127 2375322 2477963 87144 96503 4836386 1774710 5499599 4197078 1513235 558907 32181993 1294524 PROVISION FOR LOAN LOSS 15361116 LOAN SERVICING 3831022 DUES AND SUBSCRIPTIONS 350032 STATE EXAM FEE 97474 1421930 105941021 11499282 170423938 97651560 209930166 29739656 845138577 2129141511 3023655 4415186 93312255 28408604 11435244 64903651 418614724 556511367 3555637 25293611 57295941 141291974 1448214620 3331651060 23279418 34720924 683890 387223 4037572 4069274 155000000 50000000 1185035905 2941974010 1368036785 3031151431 X 0 0 0 0 80177835 300499629 80177835 300499629 1448214620 3331651060 X -1702299 -7247844 229271937 X 0 1 X 1 0 0 1 X 6845539 6845539 53067872 4315834 48752038 11582683 9065739 2516944 21816161 15027031 6789130 64903651 MEMBER SHARE & SAVINGS ACCOUNTS 2937843484 OPERATING LEASE LIABILITY 4130526 2941974010 X PART IV, LINE 2B: THE CREDIT UNION MAINTAINS ESCROW, TAXES AND INSURANCE AS PART OF THE LOAN PROGRAM. PART X, LINE 2: THE CREDIT UNION IS STATE CHARTERED AND FEDERALLY TAX EXEMPT UNDER THE INTERNAL REVENUE CODE 501(C)(14), EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME. AN EXEMPT ORGANIZATION RETURN, AND UNRELATED BUSINESS INCOME TAX RETURNS ARE FILED ANNUALLY WITH THE APPLICABLE FEDERAL AND STATE TAX JURISDICTIONS. UNRELATED BUSINESS INCOME TAX IS INSIGNIFICANT, AND NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. IF APPLICABLE, THE CREDIT UNION WOULD RECOGNIZE A TAX BENEFIT FOR UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WOULD BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT WOULD BE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2024 AND 2023. ADDITIONALLY, THE CREDIT UNION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS AN ADMINISTRATIVE EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2024 AND 2023, THE CREDIT UNION RECOGNIZED NO INTEREST AND PENALTIES. 0 BEAVERTON EDUCATION FOUNDATION 12725 SW MILLIKAN WAY STE 300 BEAVERTON OR 970051687 943076723 501(C)(3) 10000 0 GENERAL ASISTANCE THE INTERNATIONAL CARPE DIEM FOUNDATION 1529 N KILLINGSWORTH ST PORTLAND OR 97217 262566500 501(C)(3) 9857 0 GENERAL ASISTANCE STREET ROOTS 281 W BURNSIDE ST PORTLAND OR 972093914 931271399 501(C)(3) 5654 0 GENERAL ASISTANCE SUNSHINE DIVISION 687 N THOMPSON PORTLAND OR 97227 930429354 501(C)(3) 5150 0 GENERAL ASISTANCE BRADLEY ANGLE 5432 N ALBINA AVE PORTLAND OR 972172304 510188664 501(C)(3) 10000 0 GENERAL ASISTANCE BLACK ECONOMIC COLLECTIVE 531 N FULTON AVE BALTIMORE MD 21223 301334785 501(C)(3) 20000 0 GENERAL ASISTANCE COMMUNITY IMPACT FUND 9250 E COSTILLA AVE STE 110 GREENWOOD VILLAGE CO 80112 824577516 501(C)(3) 68900 0 GENERAL ASISTANCE LATINO NETWORK 410 NE 18TH AVE PORTLAND OR 97232 731675402 501(C)(3) 10000 0 GENERAL ASISTANCE FOURTH PLAIN FORWARD 5107 E FOURTH PLAIN BLVD STE 111 VANCOUVER WA 986618505 822923189 501(C)(3) 10000 0 GENERAL ASISTANCE 9 0 STUDENT LOAN REIMBURSEMENT 12 1800 COLLEGE SAVINGS 13 1550 X X 1 1 X X X 0 1 0 SETH SCHAEFER EVP/CHIEF IMPACT OFFICER 610314 0 227044 0 902 0 44300 0 8046 0 890606 0 0 0 CORI POLAND CHIEF RETAIL OFFICER 276536 0 41195 0 1576 0 33032 0 8046 0 360385 0 0 0 STEPHANIE STRIMLING CHIEF INFORMATION OFFICER 271379 0 37407 0 6065 0 6692 0 8046 0 329589 0 0 0 DAVID NOBLE CHIEF MARKETING OFFICER 247542 0 35991 0 3041 0 10246 0 8046 0 304866 0 0 0 JEREMY CALVA CHIEF RISK OFFICER 259144 0 23681 0 2301 0 4415 0 8046 0 297587 0 0 0 ABEN HILL CHIEF LENDING OFFICER (THRU 6/24) 122382 0 41837 0 98567 0 6601 0 3279 0 272666 0 0 0 MICKEY BEARD VP LENDING 188432 0 19754 0 11565 0 18940 0 8046 0 246737 0 0 0 RYAN HALLEY SVP FINANCIAL WELLNESS 184938 0 28102 0 987 0 8338 0 8046 0 230411 0 0 0 BRIAN GREENFIELD VP DATA, DEVELOPMENT & GOVERNANCE 182614 0 26076 0 2038 0 8253 0 0 0 218981 0 0 0 RANDY BRESEE VP F&RC LEADER 161782 0 24991 0 8174 0 7778 0 8046 0 210771 0 0 0 MARK KAYDO VP BUSINESS SERVICES (THRU 12/24) 159132 0 23797 0 12906 0 6060 0 8046 0 209941 0 0 0 JASON WERTS PRESIDENT/CEO 158517 0 30609 0 7754 0 6038 0 5350 0 208268 0 0 0 TRACEY SCHERADELLA VP MORTGAGE LENDING 167020 0 25459 0 3868 0 0 0 8046 0 204393 0 0 0 CHERYL MCCARTHY VP PRODUCT DEVELOPMENT & MGMT 160472 0 23996 0 1350 0 7255 0 8046 0 201119 0 0 0 AMY ZIMMERMAN VP, FP&A (THRU 11/24) 139752 0 22963 0 23720 0 6233 0 8046 0 200714 0 0 0 RODNEY BEARD INFORMATION SECURITY OFFICER 155358 0 21163 0 1133 0 6949 0 481 0 185084 0 0 0 MICHELE CHIRGWIN AVP ENTERPRISE RISK MGMT 140756 0 19715 0 1553 0 6344 0 8046 0 176414 0 0 0 GREG SPEAR CHIEF FINANCIAL OFFICER 96002 0 19947 0 37655 0 4935 0 3590 0 162129 0 0 0 PART I, LINE 1A OCCASIONAL AIRFARE FOR COMPANIONS ON CREDIT UNION OFFICIAL BUSINESS. THIS IS TREATED AS A TAXABLE BENEFIT AND APPLIES ONLY TO THE BOARD OF DIRECTORS. PART I, LINE 4B SETH SCHAEFER, EVP/CHIEF IMPACT OFFICER, HAS EARNED $1,875,107 FOR HIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2024. TOTAL CONTRIBUTIONS OF $307,518 AND TOTAL DISTRIBUTIONS OF $78,439 WERE ISSUED TO THE PLAN DURING 2024. CORI POLAND, CHIEF RETAIL OFFICER, HAS EARNED $429,896 FOR HER SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2024. TOTAL CONTRIBUTIONS OF $93,226 AND TOTAL DISTRIBUTIONS OF $0 WERE ISSUED TO THE PLAN DURING 2024. STEPHANIE STRIMLING, CHIEF INNOVATION OFFICER, HAS EARNED $215,933 FOR HIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2024. TOTAL CONTRIBUTIONS OF $108,312 AND TOTAL DISTRIBUTIONS OF $0 WERE ISSUED TO THE PLAN DURING 2024. DAVID NOBLE, CHIEF MARKETING OFFICER, HAS EARNED $225,687 FOR HIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2024. TOTAL CONTRIBUTIONS OF $113,174 AND TOTAL DISTRIBUTIONS OF $0 WERE ISSUED TO THE PLAN DURING 2024. JEREMY CALVA, CHIEF RISK OFFICER, HAS EARNED $136,599 FOR HIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2024. TOTAL CONTRIBUTIONS OF $136,599 AND TOTAL DISTRIBUTIONS OF $0 WERE ISSUED TO THE PLAN DURING 2024. GREG SPEAR, CHIEF FINANCIAL OFFICER, PARTICIPATES IN A 457(F) DEFERRED COMPENSATION AGREEMENT. TOTAL DISTRIBUTIONS OF $150,000 WERE ISSUED TO THE PLAN DURING 2024. SETH SCHAEFER EXECUTIVE RETIREMENT X 6300000 6653718 0 1 1 CHRIS GROSHKO EXECUTIVE RETIREMENT X 2875000 3064603 0 0 1 KELI MYERS EXECUTIVE RETIREMENT X 3200000 3411037 0 0 1 JASON WERTS EXECUTIVE RETIREMENT X 12765869 13252671 0 1 1 JENNIFER MCMURRAY EXECUTIVE (FORMER) RETIREMENT X 1556833 1563077 0 0 1 JOHN NICHOLS EXECUTIVE (FORMER) RETIREMENT X 1788295 1794550 0 0 1 29739656 FORM 990, PART VI, SECTION A, LINE 6 EACH MEMBER HAS ONE VOTE IN ANNUAL ELECTIONS OF MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CREDIT UNION'S CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER AND IS ALSO PREPARED BY A THIRD PARTY ACCOUNTING FIRM PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C INTERNAL AUDIT CONDUCTS PERIODIC REVIEWS OF EMPLOYEE AND BOARD ACCOUNTS, REVIEWS TO ENSURE CONTROL RESTRICTIONS ARE IN PLACE IN XP, AND THEY REVIEW FEE WAIVER AND EXPENSE REPORTS. ADDITIONALLY, THE CU ENCOURAGES EMPLOYEES TO REPORT MISCONDUCT AND PROVIDES A MEANS TO DO SO ANONYMOUSLY. 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 AND KEY EMPLOYEES: THIRD PARTY SURVEYS ARE OBTAINED FOR ALL STAFF ON AN ANNUAL BASIS. SALARY RANGES FOR THESE POSITIONS ARE PREPARED BY THE VP OF PEOPLE AND CULTURE AND APPROVED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AS WELL AS GOVERNING AND CONFLICT OF INTEREST POLICY DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFERRED FROM ADVANTIS COMMUNITY CREDIT UNION 215,546,652. EQUITY ADJUSTMENT PURSUANT TO MERGER 13,725,285. RIVERMARK INSURANCE AGENCY LLC 9125 SW GEMINI DR SUITE 100 BEAVERTON OR 97008 462978707 INSURANCE AGENCY OR 297531 585759 RIVERMARK COMMUNITY CREDIT UNION