Nonprofit · EIN 93-0465543
MARION AND POLK SCHOOLS CREDIT UNION
Tax-exempt · SALEM, OR 97309
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $89,943,562 | $75,778,181 | $14,165,381 | $1,380,746,138 | $1,228,697,693 | $152,048,445 |
| December 31, 2023 | 990 | $76,028,615 | $62,208,074 | $13,820,541 | $1,349,733,425 | $1,212,897,695 | $136,835,730 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $82,842,862
- Investment income
- $5,570,227
- Net rental income
- $340,030
- Net gain from sales of assets
- -$13,005
- Other revenue
- $1,530,473
Expenses
- Grants and similar amounts paid
- $135,933
- Compensation of officers, directors and key employees
- $3,201,242
- Other salaries and wages
- $19,146,950
- Salaries, compensation and benefits (total)
- $28,622,496
- Professional fundraising fees
- $0
- Legal fees
- $459,686
- Accounting fees
- $162,287
- Occupancy
- $2,173,014
- Travel
- $181,100
- Depreciation
- $1,522,956
Balance sheet and other
- Total assets, start of year
- $1,349,733,425
- Total assets, end of year
- $1,380,746,138
- Total liabilities, end of year
- $1,228,697,693
- Net assets, end of year
- $152,048,445
- Land, buildings and equipment
- $41,911,004
- Publicly traded securities
- $13,622,551
- Gross unrelated business income
- $64,377
- Gross receipts
- $89,966,909
- Employees
- 398
- Volunteers
- 12
- Year formed
- 1935
- 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 |
|---|---|---|---|---|
| Mark Zook | President/CEO Officer | 50 | $567,514 | $12,075 |
| Scott Sadler | Chief People Officer Officer | 50 | $406,131 | $8,599 |
| Jeremy Deglow | SVP of Remote Delivery Key employee | 40 | $322,576 | $6,572 |
| Toni Silbernagel | Chief Revenue Officer Officer | 50 | $269,726 | $9,950 |
| Rachel Pross | Chief Operations Officer Officer | 50 | $267,891 | $9,965 |
| Christopher Giles | Chief Experience Officer Officer | 50 | $251,787 | $9,965 |
| David Budd | SVP, Head of Wealth Highest-paid employee | 40 | $224,062 | $8,325 |
| Charles Daiker | SVP Information Technology Key employee | 50 | $204,529 | $7,812 |
| Melvin Monroe | SVP Finance and Accounting Key employee | 50 | $194,878 | $7,693 |
| Christopher Federici | CEO of Maps Insurance Services Highest-paid employee | 50 | $186,616 | $7,066 |
| Ryan Stuart | Outbound Sales Manager Highest-paid employee | 40 | $168,888 | $5,939 |
| Jake Stai | VP of Risk Key employee | 40 | $166,462 | $6,868 |
| Brenton Paulsen | VP of Data Strategy Highest-paid employee | 40 | $165,915 | $6,762 |
| Cathy Ann Grimes | VP of Marketing Highest-paid employee | 40 | $165,433 | $6,798 |
| Tamara Mack | VP of Human Resources Key employee | 40 | $165,109 | $6,776 |
9 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Traci Kendall | VP of Administration Key employee | 50 | $156,038 | $6,091 |
| Jennifer Winegar | VP of Commercial Services Key employee | 40 | $131,183 | $5,051 |
| Joe Phillippay | Board Member Trustee or director | 2 | $11,223 | $0 |
| Kathy Moore | Board Member Trustee or director | 2 | $11,223 | $0 |
| Judy Beebe | Board Member Trustee or director | 2 | $11,223 | $0 |
| Brant Wolf | Board Chair Trustee or director | 2 | $11,223 | $0 |
| Jeff Antrican | Board Member Trustee or director | 2 | $11,223 | $0 |
| Tom Marks | Board Member Trustee or director | 2 | $11,223 | $0 |
| Travis Young | Board Member Trustee or director | 2 | $11,223 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Mark Zook | President/CEO Officer | 50 | $601,909 | $11,550 |
| Traci Kendall | SVP Retail Operations Key employee | 50 | $514,250 | $5,851 |
| Rachel Pross | Chief Operations Officer Officer | 50 | $285,005 | $10,605 |
| Scott Sadler | Chief People Officer Officer | 50 | $275,475 | $9,399 |
| Christopher Giles | Chief Experience Officer Officer | 50 | $268,776 | $10,605 |
| Toni Silbernagel | Chief Revenue Officer Officer | 50 | $269,066 | $9,610 |
| Charles Daiker | SVP Information Technology Key employee | 50 | $217,582 | $8,259 |
| Christopher Federici | SVP Portfolio Banking Highest-paid employee | 40 | $209,646 | $8,191 |
| Melvin Monroe | SVP Finance and Accounting Key employee | 50 | $207,528 | $8,142 |
| Jennifer Winegar | VP of Commercial Services Key employee | 40 | $186,159 | $5,461 |
| Ryan Stuart | Outbound Sales Supervisor Highest-paid employee | 40 | $180,268 | $5,741 |
| Jake Stai | VP of Risk Key employee | 40 | $175,540 | $7,050 |
| Cathy Ann Grimes | VP of Marketing Highest-paid employee | 40 | $172,693 | $6,925 |
| Jeremy Deglow | SVP of Remote Delivery Key employee | 40 | $172,482 | $6,459 |
| Tamara Mack | VP of Human Resources Key employee | 40 | $161,335 | $6,557 |
| Brenton Paulsen | VP of Data Strategy Highest-paid employee | 40 | $152,543 | $6,468 |
| Maciej Majewski | Senior Software Developer Highest-paid employee | 40 | $151,979 | $5,445 |
| Joe Phillippay | Board Chair Trustee or director | 2 | $24,814 | $0 |
| Kathy Moore | Board Member Trustee or director | 2 | $24,814 | $0 |
| Judy Beebe | Board Member Trustee or director | 2 | $24,814 | $0 |
| Brant Wolf | Board Member Trustee or director | 2 | $24,814 | $0 |
| Jeff Antrican | Board Member Trustee or director | 2 | $24,814 | $0 |
| Tom Marks | Board Member Trustee or director | 2 | $24,814 | $0 |
| Travis Young | Board Member Trustee or director | 2 | $24,814 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 12398, SALEM, OR 97309-0398
- In care of
- % MEL MONROE
- Principal officer (990 for 2024)
- Mark A Zook, PO Box 12398, Salem, OR 97309
- Signed the 990
- Mel Monroe, SVP of Accounting and Finance
- Phone
- (503) 588-0181
- Website
- www.mapscu.com
Mission
Create and maintain long-term, mutually beneficial relationships with our members and our employees
Program accomplishments
- Cooperative based financial institution, promotes thrift and affordable financial services.
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
- 93-0465543
- 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
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $89,943,562 | $75,778,181 | $1,380,746,138 | IRS |
| 990 | December 2023 | $76,028,615 | $62,208,074 | $1,349,733,425 | XML |
| 990 | December 2022 | $64,626,460 | $48,309,555 | $1,267,542,136 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 93-0465543).
Questions about MARION AND POLK SCHOOLS CREDIT UNION
- What is the EIN of MARION AND POLK SCHOOLS CREDIT UNION?
- The employer identification number (EIN) of MARION AND POLK SCHOOLS CREDIT UNION is 93-0465543.
- Is MARION AND POLK SCHOOLS CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1944.
- Are donations to MARION AND POLK SCHOOLS CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MARION AND POLK SCHOOLS 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 MARION AND POLK SCHOOLS 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 MARION AND POLK SCHOOLS 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 MARION AND POLK SCHOOLS CREDIT UNION?
- The 990 for the year ended December 31, 2024 names Mark A Zook.
- Who are the officers and directors of MARION AND POLK SCHOOLS CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 24 people; 24 received compensation from the organization, the highest $567,514 (Mark Zook, President/CEO).
- How much revenue does MARION AND POLK SCHOOLS CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $89,943,562, expenses of $75,778,181 and total assets of $1,380,746,138 at year end.
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