Nonprofit · EIN 93-0444581
OREGON STATE CREDIT UNION
Tax-exempt · CORVALLIS, OR 97333
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $144,117,444 | $123,336,253 | $20,781,191 | $2,568,921,226 | $2,342,192,714 | $226,728,512 |
| December 31, 2023 | 990 | $114,120,989 | $94,735,577 | $19,385,412 | $2,166,247,809 | $1,966,977,027 | $199,270,782 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $101,162,681
- Investment income
- $26,181,196
- Net gain from sales of assets
- $30,873
- Other revenue
- $16,773,567
Expenses
- Grants and similar amounts paid
- $289,041
- Compensation of officers, directors and key employees
- $4,729,573
- Other salaries and wages
- $19,015,050
- Salaries, compensation and benefits (total)
- $34,441,436
- Professional fundraising fees
- $0
- Legal fees
- $9,361
- Accounting fees
- $182,711
- Occupancy
- $4,157,683
- Travel
- $65,655
- Depreciation
- $1,981,747
Balance sheet and other
- Total assets, start of year
- $2,166,247,809
- Total assets, end of year
- $2,568,921,226
- Total liabilities, end of year
- $2,342,192,714
- Net assets, end of year
- $226,728,512
- Land, buildings and equipment
- $38,896,542
- Publicly traded securities
- $461,166,692
- Gross unrelated business income
- $398,670
- Gross receipts
- $144,124,502
- Employees
- 370
- Volunteers
- 0
- Year formed
- 1954
- State of legal domicile
- OR
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HEIN RICHARD S | PRESIDENT/CEO Officer | 40 | $1,192,626 | $45,420 |
| HEILE-BROWN RHONDA L | EXECUTIVE VP/COO Officer | 40 | $657,481 | $35,947 |
| SCHUETTE II GARY E | PRESIDENT/CEO Officer | 40 | $579,538 | $17,632 |
| ROE LAURIE A | EXEC VP/CCXO Officer | 40 | $329,425 | $145,584 |
| PETERSON JAMES D | EXEC VP/CFO Officer | 40 | $377,797 | $55,639 |
| GIBSON JAMES D | EXEC VP/COO Officer | 40 | $305,583 | $100,936 |
| BRANNEN JAMES LEE | SR VP/GENERAL COUNSEL Key employee | 40 | $294,661 | $63,741 |
| WHISENHUNT JOSHUAH C | SR VP FINANCIAL SERVICES Highest-paid employee | 40 | $277,841 | $75,971 |
| SATHER KIM | EXEC VP/CIO Officer | 40 | $307,880 | $38,996 |
| JACKSON PAIGE DIANE | VP OF HUMAN RESOURCES Highest-paid employee | 40 | $249,429 | $40,888 |
| POTURICH MICHELLE | FINANCIAL ADVISOR Highest-paid employee | 40 | $230,765 | $37,826 |
| SHIRLEY TIFFANY M | VP OF RISK MANAGEMENT Highest-paid employee | 40 | $224,720 | $42,424 |
| WALKER PETER J | VP ORGANIZATIONAL DEVELOPMENT Highest-paid employee | 40 | $211,199 | $42,368 |
| KELLEY KAISER | BOARD CHAIRPERSON Trustee or director | 1 | $24,875 | $0 |
| MICHAEL GREEN | DIRECTOR Trustee or director | 1 | $19,204 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REBECCA BADGER | DIRECTOR Trustee or director | 1 | $19,204 |
| MARY BETH ALTMANN HUGHES | DIRECTOR Trustee or director | 1 | $17,792 |
| JAMIE HUGHES | DIRECTOR Trustee or director | 1 | $16,333 |
| TIM ROCAK | DIRECTOR Trustee or director | 1 | $16,004 |
| JAY CONROY | DIRECTOR Trustee or director | 1 | $15,864 |
| ANA LUCIA FONSECA TAPIA | DIRECTOR Trustee or director | 1 | $15,667 |
| NADINE DAVISON | DIRECTOR Trustee or director | 1 | $15,667 |
| JONATHAN SASSAMAN | DIRECTOR Trustee or director | 1 | $12,333 |
| CARL BRITSCH | DIRECTOR Trustee or director | 1 | $7,744 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD HEIN | PRESIDENT/CEO Officer | 40 | $950,952 | $79,897 |
| RHONDA HEILE-BROWN | EXECUTIVE VP/COO Officer | 40 | $720,728 | $113,333 |
| CRAIG COLE | EVP/CIO Officer | 40 | $539,083 | $43,210 |
| LAURIE ROE | EVP/CCXO Officer | 40 | $268,833 | $126,918 |
| JAMES GIBSON | SR VP BRANCH SERVICES Key employee | 40 | $250,866 | $89,426 |
| JAMES DERRICK PETERSON | EVP/CFO Officer | 40 | $316,996 | $22,430 |
| BOBBIE WARNER | EVP/CFO Officer | 40 | $269,758 | $43,004 |
| JOSHUAH WHISENHUNT | SR VP FINANCIAL SERVICES Key employee | 40 | $239,077 | $67,399 |
| JAMES LEE BRANNEN | SR VP GENERAL COUNSEL Key employee | 40 | $241,967 | $55,412 |
| VICKI D STEVENS | DIRECTOR OF EXECUTIVE SERVICES Highest-paid employee | 40 | $213,928 | $34,911 |
| PAIGE JACKSON | VP OF HUMAN RESOURCES Highest-paid employee | 40 | $211,992 | $35,740 |
| TESKER LEMOINE | DIRECTOR OF NETWORK SERVICES Highest-paid employee | 40 | $208,452 | $25,276 |
| TIFFANY SHIRLEY | VP OF RISK MANAGEMENT Highest-paid employee | 40 | $195,276 | $37,883 |
| PEGGY L MEHL | DIRECTOR OF REGIONAL BRANCH SERVICES Highest-paid employee | 40 | $194,958 | $33,371 |
| KIM SATHER | EVP/CIO Officer | 40 | $199,433 | $12,127 |
| KELLEY KAISER | BOARD CHAIRPERSON Trustee or director | 1 | $23,656 | $0 |
| MIKE GREEN | DIRECTOR Trustee or director | 1 | $17,309 | $0 |
| REBECCA BADGER | DIRECTOR Trustee or director | 1 | $17,309 | $0 |
| ANA LUCIA FONSECA TAPIA | DIRECTOR Trustee or director | 1 | $15,250 | $0 |
| NADINE DAVISON | DIRECTOR Trustee or director | 1 | $15,250 | $0 |
| TIM ROCAK | DIRECTOR Trustee or director | 1 | $15,080 | $0 |
| JAY CONROY | DIRECTOR Trustee or director | 1 | $14,750 | $0 |
| THOMAS ELZINGA | DIRECTOR Trustee or director | 1 | $12,418 | $0 |
| JONATHAN SASSAMAN | DIRECTOR Trustee or director | 1 | $11,500 | $0 |
| JAMIE HUGHES | DIRECTOR Trustee or director | 1 | $10,250 | $0 |
| MARY BETH ALTMANN HUGHES | DIRECTOR Trustee or director | 1 | $7,750 | $0 |
Address and contacts
- Address (IRS master file)
- 4800 SW RESEARCH WAY, CORVALLIS, OR 97333-1099
- Principal officer (990 for 2024)
- GARY SCHUETTE II, 4800 SW RESEARCH WAY, CORVALLIS, OR 97333
- Signed the 990
- BOBBIE L WARNER, INTERIM CFO
- Phone
- (541) 714-4000
- Website
- WWW.OREGONSTATECU.COM
- Return prepared by
- DOEREN MAYHEW
Mission
OUR VISION IS TO CREATE FINANCIAL SOLUTIONS TO MAKE LIVES BETTER.
Program accomplishments
- THE CREDIT UNION CONTINUED TO FULFILL ITS EXPEMPT PURPOSE BY PROVIDING CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, OFFERING COMPETITIVE SHARE DEPOSIT PRODUCTS, AND PROVIDING MEMBERS WITH THE OPPORTUNITY TO IMPROVE THEIR ECONOMIC CONDITION. AS OF DECEMBER 31, 2024, THE CREDIT UNION HAD APPROXIMATELY 146,659 MEMBERS, OF WHICH 67,495 MEMBERS HAVE ACTIVE LOANS. THE TOTAL NUMBER OF DEPOSIT AND SHARE ACCOUNTS WAS 298,589 AND THE TOTAL NUMBER OF LOANS OUTSTANDING WAS 87,025
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 93-0444581
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 0728: STATE CHARTERED CREDIT UNIONS IN OREGON
- Assets (IRS master file)
- $2,568,921,226
- Income (IRS master file)
- $144,124,502
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $144,117,444 | $123,336,253 | $2,568,921,226 | XML |
| 990 | December 2023 | $114,120,989 | $94,735,577 | $2,166,247,809 | XML |
| 990 | December 2022 | $94,549,810 | $63,080,375 | $2,140,153,244 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 93-0444581).
Questions about OREGON STATE CREDIT UNION
- What is the EIN of OREGON STATE CREDIT UNION?
- The employer identification number (EIN) of OREGON STATE CREDIT UNION is 93-0444581.
- Is OREGON STATE CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1944.
- Are donations to OREGON STATE CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does OREGON STATE CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OREGON STATE CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OREGON STATE CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of OREGON STATE CREDIT UNION?
- The 990 for the year ended December 31, 2024 names GARY SCHUETTE II.
- Who are the officers and directors of OREGON STATE CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 24 people; 24 received compensation from the organization, the highest $1,192,626 (HEIN RICHARD S, PRESIDENT/CEO).
- How much revenue does OREGON STATE CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $144,117,444, expenses of $123,336,253 and total assets of $2,568,921,226 at year end.
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