2021-11-09T15:12:56-06:00 2020-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2020-01-01 930491115 ROGUE CREDIT UNION ROGU 8008567328 1370 CENTER DRIVE MEDFORD OR 97501 GENE PELHAM CEO 8008567328 2021-11-08 1 GENE PELHAM XXX-XX-XXXX WENDY CAMPOS P00448102 5032421447 2021-11-05 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z GENE PELHAM 1370 CENTER DRIVE MEDFORD OR 97501 123198203 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. 7 7 613 0 283492 126537 0 0 94577491 107813375 7106527 10316800 0 0 101684018 118130175 498765 201741 0 0 35458805 41514476 0 0 0 41752621 44064264 77710191 85780481 23973827 32349694 1697279358 2489533338 1514229000 2247594270 183050358 241939068 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 0 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 0 0 1 99417 0 1 613 1 1 1 0 0 0 1 1 0 1 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 0 0 1 1 1 1 0 OR X GENE PELHAM 8008567328 1370 CENTER DRIVE MEDFORD OR 97501 EUGENE L PELHAM CHIEF EXECUTIVE OFFICER 50.00 1.00 X X 1364380 0 271338 MATT STEPHENSON EXECUTIVE VICE PRESIDENT 50.00 1.00 X X 919592 0 187926 BLAKE THURMAN CHIEF FINANCIAL OFFICER 50.00 X X 292529 0 100976 PHILIP SMITH BOARD VICE CHAIR 1.00 X 23865 0 0 GERALD HAUCK BOARD CHAIR 1.00 1.00 X 22209 0 0 HEATHER JOHNSON SUPERVISORY COMMITTEE MEMB 1.00 X 21000 0 0 PETER ANGSTADT BOARD MEMBER 1.00 X 21000 0 0 ALEX PALM BOARD TREASURER 1.00 X 20750 0 0 CHERYL MCMAHAN BOARD SECRETARY 1.00 X 18910 0 0 NEIL ITZEN BOARD MEMBER 1.00 X 17125 0 0 JEFFRY ROBERSON CHIEF INFORMATION OFFICER 50.00 X 407317 0 91609 CHAD HEESE CHIEF LENDING AND STRATEGY 50.00 X 277332 0 89504 JEANNE PICKENS CHIEF OPERATIONS OFFICER 50.00 1.00 X 274536 0 120344 KAREN ZERGER CHIEF ADMINISTRATION OFFIC 50.00 1.00 X 272909 0 93146 VIRGINIA LEWIS MORTGAGE DELIVERY MANAGER 50.00 X 266950 0 21783 GEOFFREY FRIDEN MORTGAGE LOAN OFFICER 50.00 X 263664 0 25556 MIRANDA TRIPLETT MORTGAGE LOAN OFFICER 50.00 X 256745 0 13646 JESSICA HICKMAN MORTGAGE LOAN OFFICER 50.00 X 216844 0 15350 PAMELA LANDIS MORTGAGE LOAN OFFICER 50.00 X 216918 0 11894 5174575 0 1043072 59 0 1 0 FISERV SOLUTIONS PO BOX 208457 DALLAS TX 753208457 CORE PROCESSOR 4363082 NATIONAL CREDIT UNION ADMINISTRATION 1775 DUKE STREET ALEXANDRIA VA 223143428 REGULATORY REVIEW 2851880 VISA USA INC PO BOX 742233 LOS ANGELES CA 900742233 CREDIT CARD PROCESSING 2182761 NCR CORPORATION 3095 SATELLITE BLVD DULUTH GA 30096 ONLINE/MOBILE BANKING 1920784 COOK SECURITY 5841 SE INTERNATIONAL WAY MILWAUKIE OR 97222 SECURITY 1138560 56 INTEREST ON LOANS 522100 74948837 74948837 OTHER OPERATING INCOME 522100 28446442 28394599 51843 SERVICE CHARGES & FEES 522100 4418096 4186447 231649 107813375 8504793 8504793 3519750 3360285 3097812 1970216 421938 1390069 1812007 1390069 421938 118130175 108919952 283492 8926731 201741 4908297 28086077 1512963 4518713 2488426 75938 237371 4023093 1951465 2894164 1197842 2553030 119870 5130427 4534672 285739 PROVISION FOR LOAN LOSS 12480799 LOAN SERVICING 3755779 ATM MAINTENANCE 658586 4165489 85780481 12955030 22407594 45354171 188175418 1437880 1460936 1354164916 1508663516 105321844 32040026 70815591 73281818 167343309 637441253 7941531 11741473 37266930 46361330 1697279358 2489533338 28654294 30759187 1766884 2916350 1483807822 2213918733 1514229000 2247594270 X 0 0 0 0 183050358 241939068 183050358 241939068 1697279358 2489533338 32349694 26539016 0 X X 0 1 X 1 0 0 0 22300785 22300785 51414206 9262034 42152172 745201 654581 90620 30082696 22123411 7959285 778956 778956 73281818 MEMBER SHARES 2213918733 2213918733 X 118130175 0 118130175 0 118130175 85780481 0 85780481 0 85780481 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'S WHOLLY-OWNED SUBSIDIARY IS A DISREGARDED ENTITY FOR TAX PURPOSES AND IS THEREFORE NOT SUBJECT TO FEDERAL INCOME TAX. ADDITIONALLY, THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2020. THE CREDIT UNION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO THE UNRECOGNIZED TAX BENEFITS AS AN ADMINISTRATIVE EXPENSE. DURING THE YEAR ENDED DECEMBER 31, 2020, THE CREDIT UNION RECOGNIZED AN IMMATERIAL AMOUNT OF INTEREST AND PENALTIES. 1 ROGUE CREDIT UNION FOUNDATION INC 1370 CENTER DRIVE MEDFORD OR 97501 464522157 501(C)(3) 34674 GENERAL SUPPORT OF FULLY CONTROLLED ENTITY BROOKE COMMUNICATIONS 345 NE WINCHESTER ST ROSEBURG OR 97470 930992912 N/A 14250 WISH UPON A STAR NORTHWEST CREDIT UNION ASSOCIATION 18000 INTERNATIONAL BLVD SEATAC WA 98188 910460483 501(C)(3) 12000 CU FOR KIDS AUCTION PEAR BLOSSOM ASSOCIATION PO BOX 335 MEDFORD OR 97501 936031411 501(C)(3) 10000 PEAR BLOSSOM FESTIVAL SPONSORSHIP UNITED WAY OF JACKSON COUNTY INC 60 HAWTHORNE ST MEDFORD OR 97504 930576632 501(C)(3) 8296 CAPITAL CAMPAIGN, DAY OF CARING BROOKINGS CITY OF 898 ELK DRIVE BROOKINGS OR 97415 936002703 GOV 7293 AALEA FESTIVAL UMPQUA COMMUNITY COLLEGE ATTN ACCOUNTING FINANCE ROSEBURG OR 97470 930519151 N/A 7040 SCHOLARSHIPS CHAMBER OF MEDFORD JACKSON COUNTY 101 E 8TH STREET MEDFORD OR 97501 930197580 501(C)(6) 5550 TABLE SPONSORSHIP MEDFORD ROGUES BASEBALL CLUB PO BOX 699 MEDFORD OR 97501 392079776 N/A 5000 SPONSORSHIP OF LOCAL AAA TEAM NATIONAL CREDIT UNION FOUNDATION INC 5710 MINERAL POINT RD MADISON WI 53705 391383650 501(C)(3) 5000 IMPACT CAMPAIGN 6 4 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 EUGENE L PELHAM CHIEF EXECUTIVE OFFICER 1106684 0 232577 0 25119 0 254900 0 16438 0 1635718 0 0 0 MATT STEPHENSON EXECUTIVE VICE PRESIDENT 364528 0 548494 0 6570 0 166384 0 21542 0 1107518 0 0 0 BLAKE THURMAN CHIEF FINANCIAL OFFICER 248231 0 34911 0 9387 0 79434 0 21542 0 393505 0 0 0 JEFFRY ROBERSON CHIEF INFORMATION OFFICER 216867 0 170867 0 19583 0 68217 0 23392 0 498926 0 0 0 CHAD HEESE CHIEF LENDING AND STRATEGY 237400 0 33968 0 5964 0 67931 0 21573 0 366836 0 0 0 JEANNE PICKENS CHIEF OPERATIONS OFFICER 234766 0 34566 0 5204 0 98727 0 21617 0 394880 0 0 0 KAREN ZERGER CHIEF ADMINISTRATION OFFIC 234886 0 33229 0 4794 0 79386 0 13760 0 366055 0 0 0 VIRGINIA LEWIS MORTGAGE DELIVERY MANAGER 58360 0 208590 0 0 0 13347 0 8436 0 288733 0 0 0 GEOFFREY FRIDEN MORTGAGE LOAN OFFICER 36822 0 226842 0 0 0 9729 0 15827 0 289220 0 0 0 MIRANDA TRIPLETT MORTGAGE LOAN OFFICER 36713 0 220032 0 0 0 0 0 13646 0 270391 0 0 0 JESSICA HICKMAN MORTGAGE LOAN OFFICER 41138 0 175706 0 0 0 6776 0 8574 0 232194 0 0 0 PAMELA LANDIS MORTGAGE LOAN OFFICER 36303 0 180615 0 0 0 0 0 11894 0 228812 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 $317,513 WERE MADE DURING THE YEAR. THE CEO PARTICIPATED IN A 457(F) PLAN AND VESTED $470,025 ON JANUARY 3, 2020. THE CEO, EVP, CFO AND OTHER LEADERSHIP TEAM MEMBERS PARTICIPATED IN A 457(B) PLAN; CONTRIBUTIONS OF $232,500, $124,484, $60,073, AND $229,381 RESPECTIVELY, WERE MADE DURING THE YEAR. STATEMENT FOR COMPLIANCE WITH TREAS. REG. SECTION 1.7872-15(D)(2): THE CREDIT UNION (THE LENDER) ENTERED INTO A SPLIT DOLLAR LIFE INSURANCE PLAN WITH THE EVP MATT STEPHENSON ON 8/25/2016. THIS AGREEMENT INCLUDES A NONRECOURSE LOAN TO MATT (THE BORROWER), ALL PARTIES EXPECT THAT ALL PAYMENTS UNDER THE LOAN WILL BE MADE IN FULL INCLUDING INTEREST AT A CURRENT AFR OF 1.90%. MATT STEPHENSON EXECUTIVE VICE PRESIDENT SPLIT DOLLAR LIFE INSURANCE PLAN X 1350000 1460936 0 1 1 1460936 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 FORM 990 IS REVIEWED BY THE CEO, EVP, CFO AS WELL AS BY THE BOARD OF DIRECTORS BEFORE BEING FILED. FORM 990, PART VI, SECTION B, LINE 15 IN 2020, 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. FORM 990, PART XII, LINE 2C: THE FINANCIAL STATEMENTS INCLUDE A 12 MONTH PERIOD CONSISTENT WITH THE TAX RETURN. ROGUE FEDERAL MEMBER FINANCIAL SERVICES LLC 1370 CENTER DRIVE MEDFORD OR 97501 931261851 INSURANCE & FINANCIAL ADVISORY SERVICES OR 3239 1361182 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 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 ROGUE CREDIT UNION FOUNDATION INC B 34674 CASH VALUE