2023-11-13T13:26:07-06:00 2022-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2022-01-01 930491115 ROGUE CREDIT UNION ROGU 8008567328 1370 CENTER DRIVE MEDFORD OR 97501 MATT STEPHENSON CEO 8008567328 2023-11-10 1 MATT STEPHENSON XXX-XX-XXXX 1 WENDY CAMPOS P00448102 5032421447 2023-11-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MATT STEPHENSON 1370 CENTER DRIVE MEDFORD OR 97501 359065992 0 X WWW.ROGUECU.ORG X 1956 OR A MEMBER-OWNED, NOT-FOR-PROFIT FINANCIAL COOPERATIVE FOR THE PURPOSE OF ENCOURAGING THRIFT AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST, AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR OWN MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION AND TO CONDUCT SUCH ACTIVITIES AS PERMITTED UNDER THE OREGON CREDIT UNION ACT. 11 8 789 0 -56823 0 0 0 120371914 126503177 15895510 14657593 0 0 136267424 141160770 235229 311771 0 0 48253411 51038384 0 0 0 50108659 54595680 98597299 105945835 37670125 35214935 2944952062 2958047425 2678408740 2770759270 266543322 187288155 TO CREATE THE MOST LOYAL MEMBERS IN THE NATION BY PROVIDING EXCEPTIONAL EXPERIENCES THAT BUILD MUTUALLY BENEFICIAL RELATIONSHIPS. 0 0 CREATED A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDED AN OPPORTUNITY FOR MEMBERS TO USE AND CONTROL THEIR OWN MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. PROFITS ARE RETURNED TO MEMBERS IN THE FORM OF BETTER RATES AND LOWER FEES. MEMBERS ARE REWARDED THROUGH ROGUE REWARDS FOR PARTICIPATION THROUGH LOANS, DEPOSITS AND TRANSACTIONS. N/A N/A 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 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 103585 0 1 789 1 1 1 0 0 0 1 1 0 1 0 X 11 8 0 0 0 0 1 1 0 1 1 0 0 0 1 0 0 1 1 1 1 0 OR X MATT STEPHENSON 8008567328 1370 CENTER DRIVE MEDFORD OR 97501 PELHAM EUGENE L RETIRED CEO 13.00 1.00 X X 2190526 0 79196 STEPHENSON MATTHEW C CHIEF EXECUTIVE OFFICER 50.00 1.00 X X 828560 0 303029 THURMAN BLAKE CHIEF FINANCIAL OFFICER 50.00 0.00 X X 436354 0 116903 HEESE CHAD RICHARD CHIEF LENDING AND STRATEGY OFFICER 50.00 0.00 X 326494 0 134902 PICKENS JEANNE M CHIEF OPERATIONS OFFICER 50.00 1.00 X 342666 0 104803 ROBERSON JEFFRY DEE CHIEF INFORMATION OFFICER 50.00 0.00 X 327123 0 115340 ZERGER KAREN AILEEN RETIRED CAO 33.00 1.00 X 336732 0 56364 OVERTON TROY R SVP OF CONSUMER AND MORTGAGE LENDING 50.00 0.00 X 256377 0 56850 JOHNS TIMOTHY CHARLES SVP OF INFORMATION TECH SERVICES 50.00 0.00 X 245409 0 53950 FRIDEN GEOFFREY STANLEY MORTGAGE LOAN OFFICER 50.00 0.00 X 260563 0 28296 ENGLAND KELLIE L SVP OF MEMBER EXPERIENCE 50.00 0.00 X 231092 0 42465 MULKINS SCOTT HAROLD SVP OF ANALYTICS AND ENTERPRISE RISK 50.00 0.00 X 233194 0 35010 SMITH PHILIP BOARD CHAIR 1.00 0.00 X X 25000 0 0 JOHNSON HEATHER BOARD VICE CHAIR 1.00 0.00 X X 21000 0 0 HAUCK GERALD BOARD SECRETARY 1.00 1.00 X X 21000 0 0 PALM ALEX BOARD TREASURER 1.00 0.00 X X 21000 0 0 ANGSTADT PETER BOARD MEMBER 1.00 0.00 X 21100 0 0 ITZEN NEIL BOARD MEMBER 1.00 0.00 X 21000 0 0 YASUDA ROGER BOARD MEMBER 1.00 0.00 X 18000 0 0 HUTCHINSON KATIE BOARD ASSOCIATE MEMBER 1.00 0.00 X 9000 0 0 6172190 0 1127108 80 0 1 0 S&B JAMES CONSTRUCTION MANAGEMENT CO 8425 AGATE ROAD WHITE CITY OR 97503 CONSTRUCTION 12037761 FISERV INC PO BOX 208457 DALLAS TX 753208457 CORE PROCESSOR 5166064 VISA USA INC PO BOX 742233 LOS ANGELES CA 900742233 CREDIT CARD PROCESSING 3204894 NCR CORPORATION 3095 SATELLITE BLVD DULUTH GA 30096 ONLINE/MOBILE BANKING 2784501 OUTLIER CONSTRUCTION LLC 841 OHARE PARKWAY SUITE 100 MEDFORD OR 97504 CONSTRUCTION 2348649 70 INTEREST ON LOANS 522100 89984581 89984581 OTHER OPERATING INCOME 522100 30989778 31326952 -337174 SERVICE CHARGES & FEES 522100 5528818 5248467 280351 126503177 23549275 23549275 205688377 3325163 214453415 3451807 -8765038 -126644 -8891682 -126644 -8765038 141160770 126433356 -56823 14784237 311771 5856088 35614464 1648458 4379413 3539961 145431 277680 5493649 2469543 4966373 1505570 3104994 360526 7139334 4737171 316244 PROVISION FOR LOAN LOSS 8390021 LOAN SERVICING 6344010 ATM MAINTENANCE 966464 UBIT TAXES PAID 48000 8330670 105945835 22714791 21208070 134285918 15511362 1475546 10467041 1673567294 1922627285 143571286 37665635 94032535 105905651 800680976 767718724 152685634 13072797 65509368 101536495 2944952062 2958047425 39559915 47512168 3563251 953949 17449651 25000000 2635285574 2679843502 2678408740 2770759270 X 0 0 0 0 266543322 187288155 266543322 187288155 2944952062 2958047425 35214935 -114470102 0 X 0 1 X 1 0 12000 12000 12000 1 GOWEST CREDIT UNION ASSOCIATION 18000 INTL BLVD 1102 SEATAC WA 98188 910460483 12000 PART I-A, LINE 1: ANNUAL CONTRIBUTIONS TO THE CREDIT UNION LEGISLATIVE ACTION FUND, WHICH ENHANCES CREDIT UNION VISIBILITY AMONG LAWMAKERS AND BUILDS STRONG POLITICAL RELATIONSHIPS. 0 1 X 25446203 25446203 80320007 10993894 69326113 390219 337608 52611 36025284 26334133 9691151 1389573 1389573 105905651 MEMBER SHARES 2679843502 2679843502 X PART IV, LINE 2B: THE CREDIT UNION MAINTAINS ESCROW ACCOUNTS FOR 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 SECTION 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 CONSOLIDATED FINANCIAL STATEMENTS. THE CREDIT UNION HAS TWO WHOLLY-OWNED SUBSIDIARIES, ONE IS A DISREGARDED ENTITY FOR TAX PURPOSES AND IS THEREFORE NOT SUBJECT TO FEDERAL INCOME TAX, THE OTHER IS A 503(C) NONPROFIT ORGANIZATION THAT IS SUBJECT TO 990 INFORMATION REPORTING. ADDITIONALLY, 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 THE UNRECOGNIZED TAX BENEFITS AS AN ADMINISTRATIVE EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2022 AND 2021, THE CREDIT UNION RECOGNIZED AN IMMATERIAL AMOUNT OF INTEREST AND PENALTIES. 1 ROGUE CREDIT UNION FOUNDATION INC PO BOX 4450 MEDFORD OR 97501 464522157 501(C)(3) 217901 0 GENERAL SUPPORT OF FULLY CONTROLLED ENTITY GOWEST FOUNDATION 18000 INTERNATIONAL BLVD SEATAC WA 98188 910460483 501(C)(3) 18575 0 CU FOR KIDS AUCTION 2 0 PART I, LINE 2: THE MARKETING DEPARTMENT DETERMINES THE AMOUNTS TO BE PAID AND PAYMENTS ARE PROCESSED THROUGH THE ACCOUNTS PAYABLE SYSTEM. X X 1 1 X X X X 0 1 0 PELHAM EUGENE L RETIRED CEO 650000 0 241227 0 1299299 0 59400 0 19796 0 2269722 0 1258357 0 STEPHENSON MATTHEW C CHIEF EXECUTIVE OFFICER 656731 0 162352 0 9477 0 277400 0 25629 0 1131589 0 0 0 THURMAN BLAKE CHIEF FINANCIAL OFFICER 189382 0 240993 0 5979 0 103063 0 13840 0 553257 0 0 0 HEESE CHAD RICHARD CHIEF LENDING AND STRATEGY OFFICER 276555 0 46734 0 3205 0 109223 0 25679 0 461396 0 0 0 PICKENS JEANNE M CHIEF OPERATIONS OFFICER 289772 0 44960 0 7934 0 79124 0 25679 0 447469 0 0 0 ROBERSON JEFFRY DEE CHIEF INFORMATION OFFICER 272838 0 44029 0 10256 0 87861 0 27479 0 442463 0 0 0 ZERGER KAREN AILEEN RETIRED CAO 281837 0 44633 0 10262 0 30654 0 25710 0 393096 0 195790 0 OVERTON TROY R SVP OF CONSUMER AND MORTGAGE LENDING 228022 0 28355 0 0 0 37004 0 19846 0 313227 0 0 0 JOHNS TIMOTHY CHARLES SVP OF INFORMATION TECH SERVICES 215885 0 29524 0 0 0 32354 0 21596 0 299359 0 0 0 FRIDEN GEOFFREY STANLEY MORTGAGE LOAN OFFICER 53971 0 206592 0 0 0 12774 0 15522 0 288859 0 0 0 ENGLAND KELLIE L SVP OF MEMBER EXPERIENCE 216577 0 8834 0 5681 0 16786 0 25679 0 273557 0 0 0 MULKINS SCOTT HAROLD SVP OF ANALYTICS AND ENTERPRISE RISK 202308 0 30886 0 0 0 9381 0 25629 0 268204 0 0 0 PART I, LINE 1A THE CEO RECEIVED REIMBURSED COMPANION TRAVEL EXPENSES NOT TREATED AS TAXABLE COMPENSATION SINCE ALL EXPENSES WERE DEEMED TO BE FOR A BONA FIDE BUSINESS PURPOSE FOR COMPANION VOLUNTEER ATTENDANCE AT CREDIT UNION SOCIAL EVENTS. THE CEO RECEIVED REIMBURSED DUES FOR COUNTRY CLUB SOCIAL MEMBERSHIP NOT TREATED AS TAXABLE COMPENSATION SINCE THE EXPENSES WERE DEEMED TO BE FOR A BONA FIDE BUSINESS PURPOSE. PART I, LINE 4B THE CEO PARTICIPATED IN A SERP AND CONTRIBUTIONS OF $598,823 WERE MADE DURING THE YEAR. THE CEO PARTICIPATED IN A 457(F) PLAN. STATEMENT FOR COMPLIANCE WITH TREAS. REG. SECTION 1.7872-15(D)(2): THE CREDIT UNION (THE LENDER) ENTERED INTO SPLIT DOLLAR LIFE INSURANCE PLANS WITH VARIOUS EXECUTIVES. THESE AGREEMENTS INCLUDE NONRECOURSE LOANS TO THE EXECUTIVES (THE BORROWERS). IT IS EXPECTED THAT ALL PAYMENTS UNDER THE LOANS WILL BE MADE IN FULL INCLUDING INTEREST AT THE AFR APPLICABLE TO EACH LOAN. MATT STEPHENSON CHIEF EXECUTIVE OFFICER SPLIT DOLLAR LIFE INSURANCE PLAN X 1350000 1490302 0 1 1 BLAKE THURMAN CHIEF FINANCIAL OFFICER SPLIT DOLLAR LIFE INSURANCE PLAN X 1800000 1830950 0 1 1 MATT STEPHENSON 2 CHIEF EXECUTIVE OFFICER SPLIT DOLLAR LIFE INSURANCE PLAN X 2000000 2034388 0 1 1 JEFFRY ROBERSON CHIEF INFORMATION OFFICER SPLIT DOLLAR LIFE INSURANCE PLAN X 2100000 2136108 0 1 1 JEANNE PICKENS CHIEF OPERATIONS OFFICER SPLIT DOLLAR LIFE INSURANCE PLAN X 1525000 1551221 0 1 1 CHAD HEESE CHIEF LENDING & STRATEGY OFFICER SPLIT DOLLAR LIFE INSURANCE PLAN X 1400000 1424072 0 1 1 10467041 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS A FINANCIAL COOPERATIVE THAT IS MEMBER OWNED. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS THAT HAVE REACHED SIXTEEN YEARS OF AGE EACH HAVE ONE VOTE ON MATTERS BROUGHT TO VOTE AT MEMBER MEETINGS, INCLUDING ELECTION OF BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CEO, CFO AND CONTROLLER BEFORE BEING FILED. THE FORM IS AVAILABLE TO THE BOARD OF DIRECTORS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15 IN 2022, A FORMAL OUTSIDE SERVICE WAS UTILIZED, AS WELL AS TWO OTHER PURCHASED SALARY SURVEYS AND REVIEW OF PUBLISHED FORMS 990, FOR ALL VP AND HIGHER POSITIONS, INCLUDING CEO THE BOARD OF DIRECTORS APPROVED THE CEO'S COMPENSATION, AND THE CEO APPROVED THE COMPENSATION FOR ALL VP AND HIGHER POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE POSTED IN BRANCHES FOR MEMBERS TO VIEW. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. ROGUE FEDERAL MEMBER FINANCIAL SERVICES LLC 1370 CENTER DRIVE MEDFORD OR 97501 931261851 INSURANCE & FINANCIAL ADVISORY SERVICES OR 2705 1366016 ROGUE CREDIT UNION ROGUE CREDIT UNION FOUNDATION INC PO BOX 4550 MEDFORD OR 97501 464522157 CHARITABLE GIVING TO LOCAL PROGRAMS OR 501(C)(3) LINE 7 ROGUE CREDIT UNION 1 PAINTED HILLS LLC 175 PILOT VIEW ROAD ASHLAND OR 97520 881848813 TO FACILITATE LOAN TRANSACTIONS DE ROGUE CREDIT UNION UNRELATED -449699 2558588 0 -449699 1 0.54500 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 ROGUE CREDIT UNION FOUNDATION INC B 217901 CASH VALUE PAINTED HILLS LLC D 1800000 CASH VALUE PAINTED HILLS LLC B 1300000 CASH VALUE