2023-11-07T16:26:49-06:00 2022-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2022-01-01 936024307 RIVERMARK COMMUNITY CREDIT UNION RIVE 5035262696 9125 SW GEMINI DR SUITE 100 BEAVERTON OR 97008 SETH SCHAEFER CEO AND PRESIDENT 5035262696 2023-11-07 1 SETH SCHAEFER XXX-XX-XXXX 1 WENDY CAMPOS P00448102 5032421447 2023-11-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SETH SCHAEFER 9125 SW GEMINI DR SUITE 100 BEAVERTON OR 97008 191211909 0 X RIVERMARKCU.ORG X 1951 OR CONDUCTING CREDIT UNION FINANCIAL SERVICES FOR A MEMBER OWNED FINANCIAL COOPERATIVE. 11 11 371 16 482712 0 0 0 48775141 55466465 10287884 9784219 0 0 59063025 65250684 0 0 0 0 27152176 28503085 0 0 0 19916603 29733293 47068779 58236378 11994246 7014306 1282908447 1400588793 1169271602 1336573326 113636845 64015467 PROVIDE QUALITY FINANCIAL SERVICES, PRODUCTS AND SUPPORT FOR MEMBERS IN THE LOCAL COMMUNITIES WE SERVE. 0 0 PROVIDED FINANCIAL SERVICES TO 88,569 MEMBERS, INCLUDING SHARE DEPOSITS AND LOANS. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 34765 0 1 371 1 1 1 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X AMY ZIMMERMAN 5039069464 9125 SW GEMINI DR BEAVERTON OR 97008 KIM BICKFORD BOARD CHAIR 4.00 X X 17500 0 0 DENNIS FULLAN BOARD MEMBER 2.00 X 16000 0 0 GLORIA ZABEL BOARD VICE CHAIR 2.00 X X 15500 0 0 JOSH STEPHENSON SECRETARY 2.00 X X 15500 0 0 BILL ROBERTS JR BOARD MEMBER 2.00 X 14000 0 0 BRETT BRYANT BOARD MEMBER 2.00 X 14000 0 0 GARY FRAYN BOARD MEMBER 2.00 X 14000 0 0 ROB LAVIGNE BOARD MEMBER 2.00 X 14000 0 0 STEVEN HOLLAND BOARD MEMBER 2.00 X 14000 0 0 JESUS PALOMARES BOARD MEMBER 2.00 X 14000 0 0 KERRI LEATHERS IZUNAGBARA BOARD MEMBER 2.00 X 7500 0 0 STEVE LUCAS BOARD MEMBER (THRU 04/2022) 2.00 X 6500 0 0 SETH SCHAEFER PRESIDENT/CEO 40.00 X 794870 0 100017 ABEN HILL CHIEF LENDING OFFICER 40.00 X 316960 0 110946 CORI POLAND CHIEF EXPERIENCE OFFICER 40.00 X 302144 0 113535 JOSEPH BRIAN GRIFFIS CHIEF FINANCIAL OFFICER 40.00 X 296896 0 119679 DAVID NOBLE CHIEF MARKETING OFFICER 40.00 X 238664 0 20878 STEPHANIE STRIMLING CHIEF INNOVATION OFFICER 40.00 X 225871 0 18161 JAEDWARD FREESTONE EXTERNAL MORTGAGE LOAN OFFICER 40.00 X 305367 0 20955 JOEL JENKINS EXTERNAL MORTGAGE LOAN OFFICER 40.00 X 217368 0 19924 RYAN HALLEY VICE PRESIDENT FINANCIAL WELLNESS 40.00 X 198373 0 11559 SHARON PASERO VICE PRESIDENT OF RISK 40.00 X 184500 0 17451 MICKEY BEARD VICE PRESIDENT CONSUMER LENDING 40.00 X 180511 0 16406 3424024 0 569511 35 0 1 0 FISERV INC 255 FISERV DRIVE BROOKFIELD WI 53045 FINANCIAL SOFTWARE AND HARDWARE 2122866 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 ONLINE BANKING 1233439 FINANCIAL TECHNOLOGY SOLUTIONS PO BOX 919 MONROVIA CA 91017 ATM/PTK MAINTENANCE, SOFTWARE AND MACHIN 1095488 DOVENMUEHLE MORTGAGE INC 1 CORPORATE DRIVE SUITE 360 LAKE ZURICH IL 60047 MORTGAGE SUB-SERVICER 559595 R&H CONSTRUCTION 2019 NW WILSON ST PORTLAND OR 97209 CONSTRUCTION CONTRACTOR 436656 38 INTEREST ON LOANS 522100 35007787 35007787 INTERCHANGE INCOME 522100 10943246 10555169 388077 SERVICE CHARGES AND FE 522100 5769359 5723664 45695 OTHER NON-INTEREST INC 522100 2246593 2197653 48940 MORTGAGE SALES AND SER 522100 1499480 1499480 55466465 8900658 8900658 79767262 47077524 79767262 46193963 0 883561 883561 883561 65250684 54983753 482712 9784219 2821122 1046091 17094145 3120273 2324653 2096801 85900 142476 4270601 1594636 2983361 3496525 1470547 571795 31 4560256 1415267 PROVISION FOR LOAN LOSS 4680055 LOAN SERVICING 3323847 DUES AND SUBSCRIPTIONS 263977 STATE EXAM FEE 87538 786481 58236378 18403534 14550800 46882888 34498362 562799511 817784080 3284016 2861684 25115501 13932652 10762948 11182849 577918160 448174250 1381600 9010855 61475790 62525913 1282908447 1400588793 16220624 19147523 1753017 980556 2847077 3992014 500000 175000000 1147950884 1137453233 1169271602 1336573326 X 0 0 0 0 113636845 64015467 113636845 64015467 1282908447 1400588793 7014306 -56635684 0 X 0 1 X 1 0 12000 0 12000 12000 1 CREDIT UNION LEGISLATIVE ACTION FUND PO BOX 1900 BEAVERTON OR 970751900 800043051 12000 PART I-A, LINE 1: THE CREDIT UNION HAS ONLY INDIRECT POLITICAL CAMPAIGN ACTIVITY, A CONTRIBUTION TO THE CREDIT UNION LEGISLATIVE ACTION FUND. 0 1 X 53331 53331 9524845 1865681 7659164 4752323 3248584 1503739 10785002 8818387 1966615 11182849 MEMBER SHARE & SAVINGS ACCOUNTS 1133869470 OPERATING LEASE LIABILITY 3583763 1137453233 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 INTERNAL REVENUE CODE 501(C)(14), EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME. RIA IS A DISREGARDED ENTITY FOR TAX PURPOSES AND ITS ACTIVITY IS INCLUDED IN THE CREDIT UNION'S TAX FILINGS. A TAX-EXEMPT ORGANIZATION INFORMATION RETURN, UNRELATED BUSINESS INCOME TAX RETURN, AND OREGON EXCISE RETURN ARE FILED ANNUALLY WITH THE APPLICABLE TAX JURISDICTIONS. THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2022 AND 2021. THE CREDIT UNION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS A NONINTEREST EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2022 AND 2021, THE CREDIT UNION RECOGNIZED NO INTEREST AND PENALTIES. X 1 1 X X X 0 1 0 SETH SCHAEFER PRESIDENT/CEO 550752 0 234724 0 9394 0 93122 0 6895 0 894887 0 63724 0 ABEN HILL CHIEF LENDING OFFICER 256454 0 60506 0 0 0 104051 0 6895 0 427906 0 0 0 JOSEPH BRIAN GRIFFIS CHIEF FINANCIAL OFFICER 240100 0 56796 0 0 0 112784 0 6895 0 416575 0 0 0 CORI POLAND CHIEF EXPERIENCE OFFICER 244392 0 57752 0 0 0 106640 0 6895 0 415679 0 0 0 JAEDWARD FREESTONE EXTERNAL MORTGAGE LOAN OFFICER 15295 0 1218 0 288854 0 14060 0 6895 0 326322 0 0 0 DAVID NOBLE CHIEF MARKETING OFFICER 228249 0 10415 0 0 0 13983 0 6895 0 259542 0 0 0 STEPHANIE STRIMLING CHIEF INNOVATION OFFICER 215586 0 10285 0 0 0 11266 0 6895 0 244032 0 0 0 JOEL JENKINS EXTERNAL MORTGAGE LOAN OFFICER 3300 0 219 0 213849 0 13029 0 6895 0 237292 0 0 0 RYAN HALLEY VICE PRESIDENT FINANCIAL WELLNESS 174883 0 23490 0 0 0 11559 0 0 0 209932 0 0 0 SHARON PASERO VICE PRESIDENT OF RISK 163566 0 20934 0 0 0 10556 0 6895 0 201951 0 0 0 MICKEY BEARD VICE PRESIDENT CONSUMER LENDING 159593 0 20918 0 0 0 9511 0 6895 0 196917 0 0 0 PART I, LINE 1A BOARD AND MANAGEMENT OCCASIONALLY BRING SPOUSES ON CONFERENCE TRIPS. THIS WAS INCLUDED IN TOTAL COMPENSATION. PART I, LINE 1B SETH SCHAEFER, CHIEF EXECUTIVE OFFICER, HAS EARNED $229,215 FOR HIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2022. TOTAL CONTRIBUTIONS OF $78,439 AND TOTAL DISTRIBUTIONS OF $63,724 WERE ISSUED TO THE PLAN DURING 2022. BRIAN GRIFFIS, CHIEF FINANCIAL OFFICER, HAS EARNED $284,030 FOR HIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2022. TOTAL CONTRIBUTIONS OF $95,332 AND TOTAL DISTRIBUTIONS OF $0 WERE ISSUED TO THE PLAN DURING 2022. CORI POLAND, CHIEF EXPERIENCE OFFICER, HAS EARNED $269,192 FOR HER SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2022. TOTAL CONTRIBUTIONS OF $90,388 AND TOTAL DISTRIBUTIONS OF $0 WERE ISSUED TO THE PLAN DURING 2022. ABEN HILL, CHIEF LENDING OFFICER, HAS EARNED $87,905 FOR HIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2022. TOTAL CONTRIBUTIONS OF $87,905 AND TOTAL DISTRIBUTIONS OF $0 WERE ISSUED TO THE PLAN DURING 2022. FORM 990, PART VI, SECTION A, LINE 6 RIVERMARK COMMUNITY CREDIT UNION HAD 88,569 MEMBERS AT 12/31/22. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION'S GOVERNING BODY IS SELECTED FROM AMONG MEMBERSHIP AND IS VOTED ON BY ALL ELIGIBLE MEMBERS OVER THE AGE OF 18. 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 THE CREDIT UNION HAS A POLICY TITLED "CODE OF ETHICS AND STANDARDS OF BUSINESS CONDUCT OF BOARD OF DIRECTORS, SUPERVISORY COMMITTEE, BOARD COMMITTEES AND OFFICIALS OF RIVERMARK COMMUNITY CREDIT UNION." VOLUNTEERS OF THE CREDIT UNION REVIEW AND APPROVE THIS POLICY ON AN ANNUAL BASIS. THE VOLUNTEERS MUST NOTIFY THE BOARD CHAIRMAN IF THEIR STATUS CHANGES AND THEY NO LONGER MEET THE QUALIFICATIONS FOR THE SEAT THEY OCCUPY. CONDUCT NOT IN ACCORDANCE WITH THIS POLICY SHALL CONSTITUTE GROUNDS FOR DISQUALIFICATION TO SERVE, DISCIPLINARY ACTION, OR SUSPENSION OR REMOVAL AS PERMITTED BY LAW. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. IN PREPARATION FOR THE REVIEW, THE VP OF HUMAN RESOURCES PROVIDES REPORT DATA FROM A PROFESSIONAL COMPENSATION FIRM THAT PROVIDES COMPENSATION DATA FOR ALL EMPLOYEE LEVELS. IN ADDITION, A SEPARATE CEO SALARY REPORT IS REQUESTED TO USE FOR COMPARABILITY PURPOSES. THE BOARD OF DIRECTORS REVIEWS THIS INFORMATION WHEN MAKING THE RECOMMENDATION FOR AN ANNUAL SALARY. BONUS COMPENSATION, IF ANY IS GIVEN, IS DIRECTLY TIED TO ACHIEVEMENT OF SPECIFIC CREDIT UNION AND INDIVIDUAL GOALS. THIS PROCESS IS COMPLETED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 18 THROUGH THE ANNUAL MEETING OF THE CREDIT UNION MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AS WELL AS GOVERNING AND CONFLICT OF INTEREST POLICY DOCUMENTS ARE AVAILABLE UPON REQUEST. RIVERMARK INSURANCE AGENCY LLC 9125 SW GEMINI DR SUITE 100 BEAVERTON OR 97008 462978707 INSURANCE AGENCY OR 56545 435707 RIVERMARK COMMUNITY CREDIT UNION