2021-11-15T14:15:15-06:00 2020-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2020-01-01 936024307 RIVERMARK COMMUNITY CREDIT UNION RIVE 5035262696 8505 SW CREEKSIDE PLACE BEAVERTON OR 97008 SETH SCHAEFER CEO AND PRESIDENT 5035262696 2021-11-09 1 SETH SCHAEFER XXX-XX-XXXX WENDY CAMPOS P00448102 5032421447 2021-11-09 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SETH SCHAEFER 8505 SW CREEKSIDE PLACE BEAVERTON OR 97008 54069750 0 X RIVERMARKCU.ORG X 1951 OR CONDUCTING CREDIT UNION FINANCIAL SERVICES FOR A MEMBER OWNED FINANCIAL COOPERATIVE. 9 9 273 14 495334 0 0 0 49702849 49662984 6789856 4406766 0 0 56492705 54069750 0 0 0 0 20316515 23787447 0 0 0 23067870 25782497 43384385 49569944 13108320 4499806 869108239 1120708547 767320473 1009636410 101787766 111072137 X PROVIDE QUALITY FINANCIAL SERVICES, PRODUCTS, AND SUPPORT FOR MEMBERS IN THE LOCAL COMMUNITIES WE SERVE. 0 0 PROVIDED FINANCIAL SERVICES TO 85,445 MEMBERS, INCLUDING SHARE DEPOSITS AND LOANS. 0 0 1 0 0 0 0 1 0 1 0 0 1 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 33544 0 1 273 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X BRIAN GRIFFIS 5039069706 8505 SW CREEKSIDE PLACE BEAVERTON OR 97008 SETH SCHAEFER PRESIDENT/CEO 40.00 X 597255 0 688234 JOEL JENKINS EXTERNAL MORTGAGE LOAN OFFICER 40.00 X 326004 0 16619 CORI POLAND CHIEF EXPERIENCE OFFICER 40.00 X 299629 0 105383 BRIAN GRIFFIS CHIEF FINANCIAL OFFICER 40.00 X 296722 0 104457 RICH MUCKEY CHIEF LENDING OFFICER (THRU 6/20) 40.00 X 237709 0 54172 DAVID NOBLE SENIOR VICE PRESIDENT OF MARKETING 40.00 X 207979 0 13855 MISTY TYLER TECHNOLOGY DIRECTOR 40.00 X 197091 0 10287 STEPHANIE STRIMLING VICE PRESIDENT OF TECHNOLOGY 40.00 X 183087 0 13272 SHARON PASERO VICE PRESIDENT RISK MANAGEMENT 40.00 X 169950 0 13457 CRYSTAL COUTU VICE PRESIDENT FINANCE (THRU 10/20) 40.00 X 165347 0 8781 ABEN HILL CHIEF LENDING OFFICER 40.00 X 38654 0 0 DENNIS FULLAN BOARD CHAIR 2.00 X X 17000 0 0 KIM BICKFORD BOARD VICE CHAIR 2.00 X X 13000 0 0 STEPHEN HOLLAND BOARD SECRETARY 2.00 X X 13000 0 0 MATTHEW BAIRD BOARD SECRETARY (THRU 4/20) 2.00 X X 13000 0 0 STEVE LUCAS BOARD MEMBER 1.00 X 13000 0 0 BILL ROBERTS BOARD MEMBER 1.00 X 13000 0 0 GARY FRAYN BOARD MEMBER 1.00 X 13000 0 0 JOSHUA STEPHENSON BOARD MEMBER 1.00 X 13000 0 0 TONY KULLEN BOARD MEMBER 1.00 X 13000 0 0 ROB LAVIGNE BOARD MEMBER 1.00 X 13000 0 0 2853427 0 1028517 33 0 1 0 FISERV INC PO BOX 99924 GRAPEVINE TX 76099 FINANCIAL SOFTWARE/HARDWARE & PROFESSION 3278551 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 ONLING BANKING 1265233 R&H CONSTRUCTION 2019 NW WILSON ST PORTLAND OR 97209 CONSTRUCTION CONTRACTOR 884742 FINANCIAL TECHNOLOGY SOLUTIONS PO BOX 919 MONROVIA CA 91017 ATM/PTK EQUIPMENT, MAINTENANCE AND SERVI 518564 DIGITAL MARKETING GROUP 17933 NW EVERGREEN PL SUITE 360 BEAVERTON OR 97006 MARKETING CAMPAIGNS 424790 31 INTEREST ON LOANS 522100 30993777 30993777 INTERCHANGE INCOME 522100 7874628 7824404 50224 SERVICE CHARGES AND FE 522100 5221061 5178241 42820 MORTGAGE SALES AND SER 522100 3686575 3686575 OTHER NON-INTEREST INC 522100 1886943 1484653 402290 49662984 4406766 4406766 54069750 49167650 495334 4406766 1872851 15026295 3097060 2116175 1675066 115928 97500 4045098 1477324 2438947 2990289 1062205 273007 3382401 1659622 PROVISION FOR LOAN LOSS 4052748 LOAN SERVICING 3142089 DUES AND SUBSCRIPTIONS 212711 STATE EXAMINATION 82984 749644 49569944 7674736 10853124 47661086 183803411 607300537 561035780 1679550 2153215 27880624 13488395 14442247 14392229 146131867 256150736 2208487 2241264 42009729 90078788 869108239 1120708547 8188114 9598376 1264995 1034943 1420076 2394060 2000000 1000000 754447288 995609031 767320473 1009636410 X 0 0 0 0 101787766 111072137 101787766 111072137 869108239 1120708547 4499806 4784565 0 X 0 1 X 0 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 779469 779469 13128497 2508846 10619651 3838420 2567834 1270586 10134238 8411715 1722523 14392229 OTHER ASSETS 12234780 NCUSIF DEPOSIT 8525409 ACCRUED INTEREST RECEIVABLE 2915365 OREO 90362 CASH SURRENDER VALUE - ANNUITY CONTRACTS 21020397 LOANS HELD FOR SALE 45292475 90078788 MEMBER SHARE & SAVINGS ACCOUNTS 995609031 995609031 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. 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, 2020. THE CREDIT UNION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS A NONINTEREST EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2020, THE CREDIT UNION RECOGNIZED NO INTEREST AND PENALTIES. X 1 1 X X X 1 1 0 SETH SCHAEFER PRESIDENT/CEO 444877 0 140378 0 12000 0 681516 0 6718 0 1285489 0 0 0 JOEL JENKINS EXTERNAL MORTGAGE LOAN OFFICER 43486 0 0 0 282518 0 9901 0 6718 0 342623 0 0 0 CORI POLAND CHIEF EXPERIENCE OFFICER 251987 0 47642 0 0 0 98665 0 6718 0 405012 0 0 0 BRIAN GRIFFIS CHIEF FINANCIAL OFFICER 225019 0 71703 0 0 0 97739 0 6718 0 401179 0 0 0 RICH MUCKEY CHIEF LENDING OFFICER (THRU 6/20) 99714 0 66339 0 71656 0 50813 0 3359 0 291881 0 0 0 DAVID NOBLE SENIOR VICE PRESIDENT OF MARKETING 184945 0 23034 0 0 0 7137 0 6718 0 221834 0 0 0 MISTY TYLER TECHNOLOGY DIRECTOR 175814 0 21277 0 0 0 3569 0 6718 0 207378 0 0 0 STEPHANIE STRIMLING VICE PRESIDENT OF TECHNOLOGY 160588 0 22499 0 0 0 6554 0 6718 0 196359 0 0 0 SHARON PASERO VICE PRESIDENT RISK MANAGEMENT 151021 0 18929 0 0 0 6739 0 6718 0 183407 0 0 0 CRYSTAL COUTU VICE PRESIDENT FINANCE (THRU 10/20) 125742 0 15571 0 24034 0 3183 0 5598 0 174128 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 $1,648,940 FOR HIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2020. TOTAL CONTRIBUTIONS OF $673,876 AND TOTAL DISTRIBUTIONS OF $0 WERE ISSUED TO THE PLAN DURING 2020. BRIAN GRIFFIS, CHIEF FINANCIAL OFFICER, HAS EARNED $94,030 FOR HIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2020. TOTAL CONTRIBUTIONS OF $94,030 AND TOTAL DISTRIBUTIONS OF $0 WERE ISSUED TO THE PLAN DURING 2020. CORI POLAND, CHIEF EXPERIENCE OFFICER, HAS EARNED $89,082 FOR HER SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2020. TOTAL CONTRIBUTIONS OF $89,082 AND TOTAL DISTRIBUTIONS OF $0 WERE ISSUED TO THE PLAN DURING 2020. RICH MUCKEY, CHIEF LENDING OFFICER THROUGH JUNE 2020, HAS EARNED $48,210 FOR HIS SUPPLEMENTAL NON-QUALFIED RETIREMENT PLAN AS OF 12/31/2020. TOTAL CONTRIBUTIONS OF $48,210 AND TOTAL DISTRIBUTIONS OF $0 WERE ISSUED TO THE PLAN DURING 2020. RICH MUCKEY DID SEPARATE FROM EMPLOYMENT DURING 2020, THEREFORE FORFEITING THESE BENEFITS. PART I, LINES 4A-B RICH MUCKEY RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $71,656 IN JUNE 2020. CRYSTAL COUTU RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $24,034 IN OCTOBER 2020. FORM 990, PART VI, SECTION A, LINE 6 RIVERMARK COMMUNITY CREDIT UNION HAD 85,445 MEMBERS AT 12/31/20. FORM 990, PART VI, SECTION A, LINE 6 RIVERMARK COMMUNITY CREDIT UNION HAD 85,445 MEMBERS AT 12/31/20. 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 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 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: IT WAS LAST DONE SEPTEMBER 2020. 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 8505 SW CREEKSIDE PLACE BEAVERTON OR 97008 462978707 INSURANCE AGENCY OR 233140 308100 RIVERMARK COMMUNITY CREDIT UNION