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RIVERMARK COMMUNITY CREDIT UNION: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
RIVERMARK COMMUNITY CREDIT UNION (EIN 93-6024307)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-15
IRS object ID
202203199349330060
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-11-15T18:53:51-06:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN910189318PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MOSS ADAMS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1805 SW BROADWAY STE 1200AddressLine1Txt
CityPORTLANDCityNm
State AbbreviationORStateAbbreviationCd
ZIP97205ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN936024307EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RIVERMARK COMMUNITY CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRIVEBusinessNameControlTxt
Phone5035262696PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line19125 SW GEMINI DR SUITE 100AddressLine1Txt
CityBEAVERTONCityNm
State AbbreviationORStateAbbreviationCd
ZIP97008ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSETH SCHAEFERPersonNm
Person TitleCEO AND PRESIDENTPersonTitleTxt
Phone5035262696PhoneNum
Signature2022-11-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSETHPersonFirstNm
Person LastSCHAEFERPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWENDY CAMPOSPreparerPersonNm
PTINP00448102PTIN
Phone5032421447PhoneNum
Preparation2022-11-15PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerSETH SCHAEFERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line19125 SW GEMINI DR SUITE 100AddressLine1Txt
CityBEAVERTONCityNm
State AbbreviationORStateAbbreviationCd
ZIP97008ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$399,525,284GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressRIVERMARKCU.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1951FormationYr
Legal Domicile StateORLegalDomicileStateCd
Activity Or MissionCONDUCTING CREDIT UNION FINANCIAL SERVICES FOR A MEMBER OWNED FINANCIAL COOPERATIVE.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee269TotalEmployeeCnt
Total Volunteers16TotalVolunteersCnt
Total Gross UBI$494,017TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$2,522NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$49,662,984PYProgramServiceRevenueAmt
CY Program Service Revenue$48,775,141CYProgramServiceRevenueAmt
PY Investment Income$4,406,766PYInvestmentIncomeAmt
CY Investment Income$10,287,884CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$54,069,750PYTotalRevenueAmt
CY Total Revenue$59,063,025CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$23,787,447PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$27,152,176CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$25,782,497PYOtherExpensesAmt
CY Other Expenses$19,916,603CYOtherExpensesAmt
PY Total Expenses$49,569,944PYTotalExpensesAmt
CY Total Expenses$47,068,779CYTotalExpensesAmt
PY Revenues Less Expenses$4,499,806PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$11,994,246CYRevenuesLessExpensesAmt
Total Assets BOY$1,120,708,547TotalAssetsBOYAmt
Total Assets EOY$1,282,908,447TotalAssetsEOYAmt
Total Liabilities BOY$1,009,636,410TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,169,271,602TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$111,072,137NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$113,636,845NetAssetsOrFundBalancesEOYAmt
MissionPROVIDE QUALITY FINANCIAL SERVICES, PRODUCTS AND SUPPORT FOR MEMBERS IN THE LOCAL COMMUNITIES WE SERVE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescPROVIDED FINANCIAL SERVICES TO 87,983 MEMBERS, INCLUDING SHARE DEPOSITS AND LOANS.Desc
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign ActyYes (1)PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document34562IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee269EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtYes (1)SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonAMY ZIMMERMANPersonNm
Phone5039069464PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line19125 SW GEMINI DRAddressLine1Txt
CityBEAVERTONCityNm
State AbbreviationORStateAbbreviationCd
ZIP97008ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
DENNIS FULLAN
BOARD MEMBER2.00Yes (X)$17,000$0$0
BILL ROBERTS JR
BOARD MEMBER2.00Yes (X)$13,000$0$0
GARY FRAYN
BOARD MEMBER2.00Yes (X)$13,000$0$0
JOSH STEPHENSON
BOARD MEMBER2.00Yes (X)$13,000$0$0
KIM BICKFORD
BOARD CHAIR4.00Yes (X)$13,000$0$0
ROB LAVIGNE
BOARD MEMBER2.00Yes (X)$13,000$0$0
STEVE LUCAS
BOARD MEMBER (THROUGH 4/21)2.00Yes (X)$13,000$0$0
STEVEN HOLLAND
DIRECTOR BOARD MEMBER2.00Yes (X)$13,000$0$0
TONY KULLEN
BOARD MEMBER (THROUGH 4/21)2.00Yes (X)$7,186$0$0
BRETT BRYANT
BOARD MEMBER2.00Yes (X)$5,200$0$0
GLORIA ZABEL
BOARD VICE CHAIR2.00Yes (X)$5,200$0$0
JESUS MIGUEL PALOMARES
BOARD MEMBER2.00Yes (X)$3,611$0$0
SETH SCHAEFER
PRESIDENT & CEO40.00$1,185,213$0$723,119Yes (X)
CORI N POLAND
CHIEF EXPERIENCE OFFICER40.00$286,995$0$240,881Yes (X)
JOSEPH BRIAN GRIFFIS
CFO40.00$282,771$0$208,976Yes (X)
ABEN A HILL
CLO, CREDIT OFFICER40.00$293,655$0$17,379Yes (X)
STEPHANIE L STRIMLING
CHIEF INNOVATION OFFICER40.00$201,651$0$33,414Yes (X)
DAVID R NOBLE
CHIEF MARKETING OFFICER40.00$198,655$0$33,063Yes (X)
SHARON M PASERO
VICE PRESIDENT RISK, RISK OFFICER40.00$173,374$0$41,763Yes (X)
CHERYL A MCCARTHY
VICE PRESIDENT40.00$166,655$0$12,094Yes (X)
JOEL C JENKINS
MORTGAGE ORIGINATOR40.00$357,441$0$29,463Yes (X)
RANDAL L BRESEE
VICE PRESIDENT40.00$173,374$0$41,763Yes (X)
TRACEY ANN SCHERADELLA
VICE PRESIDENT40.00$168,398$0$39,742Yes (X)
MICKEY M BEARD
VICE PRESIDENT40.00$170,841$0$21,794Yes (X)
RYAN E HALLEY
VICE PRESIDENT40.00$179,382$0$2,173Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$3,967,602TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$1,445,624TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K33IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
FISERV INC
PO BOX 99924GRAPEVINETX76099FINANCIAL SOFTWARE AND HARDWARE$3,423,912
NCR CORPORATION
PO BOX 740641LOS ANGELESCA90074ONLINE BANKING$1,221,785
CARROLL & ASSOCIATES LLP
205 DE ANZA BOULEVARD 13SAN MATEOCA94402PROFESSIONAL SERVICES/CONTRACT NEGOTIATO$951,500
FINANCIAL TECHNOLOGY SOLUTIONS
PO BOX 919MONROVIACA91017ATM/PTK MAINTENANCE, SOFTWARE AND MACHIN$602,256
FIRST CHOICE APPRAISAL MANAGEMENT
10250 SW GREENBURG ROAD SUITE 201PORTLANDOR97223HOME APPRAISALS FOR MORTGAGE APPLICATION$389,510
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K34CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
INTEREST ON LOANS522100$29,708,451$29,708,451
INTERCHANGE INCOME522100$10,404,835$10,310,826$94,009
SERVICE CHARGES AND FE522100$3,712,650$3,664,186$48,464
MORTGAGE SALES AND SER522100$3,349,605$3,349,605
OTHER NON-INTEREST INC522100$1,599,600$1,248,056$351,544
FieldValueIRS element (for citing)
Total Program Service Revenue$48,775,141TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,354,928TotalRevenueColumnAmt
Exclusion$5,354,928ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$79,699,036SecuritiesAmt
Other$265,696,179OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$79,649,565SecuritiesAmt
Other$260,812,694OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$49,471SecuritiesAmt
Other$4,883,485OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,932,956TotalRevenueColumnAmt
Exclusion$4,932,956ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$59,063,025TotalRevenueColumnAmt
Related Or Exempt Func Income$48,281,124RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$494,017UnrelatedBusinessRevenueAmt
Exclusion$10,287,884ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$3,847,721TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$18,402,193TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$579,313TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$2,357,090TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,965,859TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$101,831TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$145,880TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$6,243,989TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,663,894TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,241,096TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$81,572TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$2,549,902TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,486,482TotalAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmt
OPERATIONS$5,856,552
LOAN SERVICING$2,554,008
PROVISION FOR LOAN LOSS-$2,008,603

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$47,068,779TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$10,853,124BOYAmt
EOY$18,403,534EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$183,803,411BOYAmt
EOY$46,882,888EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$561,035,780BOYAmt
EOY$562,799,511EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,153,215BOYAmt
EOY$3,284,016EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$24,533,348LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$13,770,400LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$14,392,229BOYAmt
EOY$10,762,948EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$256,150,736BOYAmt
EOY$577,918,160EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$2,241,264BOYAmt
EOY$1,381,600EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$90,078,788BOYAmt
EOY$61,475,790EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,120,708,547BOYAmt
EOY$1,282,908,447EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$9,598,376BOYAmt
EOY$16,220,624EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,034,943BOYAmt
EOY$1,753,017EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$2,394,060BOYAmt
EOY$2,847,077EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$1,000,000BOYAmt
EOY$500,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$995,609,031BOYAmt
EOY$1,147,950,884EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,009,636,410BOYAmt
EOY$1,169,271,602EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$111,072,137BOYAmt
EOY$113,636,845EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$111,072,137BOYAmt
EOY$113,636,845EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,120,708,547BOYAmt
EOY$1,282,908,447EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$11,994,246ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$9,429,538NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Political Expenditures$12,000PoliticalExpendituresAmt
Volunteer Hours0VolunteerHoursCnt
Internal Funds Contributed$12,000InternalFundsContributedAmt
Total Exempt Function Expend$12,000TotalExemptFunctionExpendAmt
Form1120 POL FiledYes (1)Form1120POLFiledInd

Section527 Political Org Section527PoliticalOrgGrp

Organization Business Name OrganizationBusinessName

FieldValueIRS element (for citing)
Business Name Line1CREDIT UNION LEGISLATIVE ACTION FUNDBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1900AddressLine1Txt
CityBEAVERTONCityNm
State AbbreviationORStateAbbreviationCd
ZIP970751900ZIPCd
FieldValueIRS element (for citing)
EIN800043051EIN
Paid Internal Funds$12,000PaidInternalFundsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I-A, LINE 1:FormAndLineReferenceDesc
ExplanationTHE CREDIT UNION HAS ONLY INDIRECT POLITICAL CAMPAIGN ACTIVITY, A CONTRIBUTION TO THE CREDIT UNION LEGISLATIVE ACTION FUND.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$53,331OtherCostOrOtherBasisAmt
Book Value$53,331BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$9,167,581OtherCostOrOtherBasisAmt
Depreciation$1,622,580DepreciationAmt
Book Value$7,545,001BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,244,650OtherCostOrOtherBasisAmt
Depreciation$2,912,216DepreciationAmt
Book Value$1,332,434BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$11,067,786OtherCostOrOtherBasisAmt
Depreciation$9,235,604DepreciationAmt
Book Value$1,832,182BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$10,762,948TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescMEMBER SHARE & SAVINGS ACCOUNTSDesc
Amt$1,147,950,884Amt
FieldValueIRS element (for citing)
Total Liability$1,147,950,884TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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. RIS 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, 2021. THE CREDIT UNION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS A NONINTEREST EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2021, THE CREDIT UNION RECOGNIZED NO INTEREST AND PENALTIES.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsYes (X)TravelForCompanionsInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
SETH SCHAEFER
PRESIDENT & CEO$523,551$0$135,000$0$526,662$0$714,360$0$8,759$0$1,908,332$0$0$0
CORI N POLAND
CHIEF EXPERIENCE OFFICER$238,638$0$47,642$0$715$0$237,810$0$3,071$0$527,876$0$0$0
JOSEPH BRIAN GRIFFIS
CFO$234,686$0$47,582$0$503$0$202,028$0$6,948$0$491,747$0$0$0
JOEL C JENKINS
MORTGAGE ORIGINATOR$357,441$0$0$0$0$0$29,463$0$0$0$386,904$0$0$0
ABEN A HILL
CLO, CREDIT OFFICER$250,016$0$30,000$0$13,639$0$3,846$0$13,533$0$311,034$0$0$0
STEPHANIE L STRIMLING
CHIEF INNOVATION OFFICER$178,006$0$23,118$0$527$0$26,155$0$7,259$0$235,065$0$0$0
DAVID R NOBLE
CHIEF MARKETING OFFICER$176,342$0$20,577$0$1,736$0$33,063$0$0$0$231,718$0$0$0
SHARON M PASERO
VICE PRESIDENT RISK, RISK OFFICER$150,696$0$20,690$0$1,988$0$40,773$0$990$0$215,137$0$0$0
RANDAL L BRESEE
VICE PRESIDENT$150,696$0$20,690$0$1,988$0$40,773$0$990$0$215,137$0$0$0
TRACEY ANN SCHERADELLA
VICE PRESIDENT$148,336$0$18,201$0$1,861$0$39,376$0$366$0$208,140$0$0$0
MICKEY M BEARD
VICE PRESIDENT$147,451$0$21,450$0$1,940$0$18,407$0$3,387$0$192,635$0$0$0
RYAN E HALLEY
VICE PRESIDENT$161,169$0$16,930$0$1,283$0$2,173$0$0$0$181,555$0$0$0
CHERYL A MCCARTHY
VICE PRESIDENT$146,224$0$19,995$0$436$0$0$0$12,094$0$178,749$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1ABOARD AND MANAGEMENT OCCASIONALLY BRING SPOUSES ON CONFERENCE TRIPS. THIS WAS INCLUDED IN TOTAL COMPENSATION.
PART I, LINE 1BSETH SCHAEFER, CHIEF EXECUTIVE OFFICER, HAS EARNED $1,729,057 FOR HIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2021. TOTAL CONTRIBUTIONS OF $589,053 AND TOTAL DISTRIBUTIONS OF $508,937 WERE ISSUED TO THE PLAN DURING 2021. BRIAN GRIFFIS, CHIEF FINANCIAL OFFICER, HAS EARNED $188,698 FOR HIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2021. TOTAL CONTRIBUTIONS OF $94,668 AND TOTAL DISTRIBUTIONS OF $0 WERE ISSUED TO THE PLAN DURING 2021. CORI POLAND, CHIEF EXPERIENCE OFFICER, HAS EARNED $178,804 FOR HER SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2021. TOTAL CONTRIBUTIONS OF $89,722 AND TOTAL DISTRIBUTIONS OF $0 WERE ISSUED TO THE PLAN DURING 2021.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6RIVERMARK COMMUNITY CREDIT UNION HAD 85,445 MEMBERS AT 12/31/21.
FORM 990, PART VI, SECTION A, LINE 7ATHE 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 11BFORM 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 12CTHE 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 15COMPENSATION 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 18THROUGH THE ANNUAL MEETING OF THE CREDIT UNION MEMBERS.
FORM 990, PART VI, SECTION C, LINE 19FINANCIAL STATEMENTS AS WELL AS GOVERNING AND CONFLICT OF INTEREST POLICY DOCUMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 11GOTHER FEES 4,919,352. INFORMATION TECHNOLOGY 1,324,637.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1RIVERMARK INSURANCE AGENCY LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line18505 SW CREEKSIDE PLACEAddressLine1Txt
CityBEAVERTONCityNm
State AbbreviationORStateAbbreviationCd
ZIP97008ZIPCd
FieldValueIRS element (for citing)
EIN462978707EIN
Primary ActivitiesINSURANCE AGENCYPrimaryActivitiesTxt
Legal Domicile StateORLegalDomicileStateCd
Total Income$230,328TotalIncomeAmt
End Of Year Assets$375,535EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1RIVERMARK COMMUNITY CREDIT UNIONBusinessNameLine1Txt