2020-11-16T16:13:04-06:00 2019-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2019-01-01 936024307 RIVERMARK COMMUNITY CREDIT UNION RIVE 5035262696 8505 SW CREEKSIDE PLACE BEAVERTON OR 97008 SETH SCHAEFER CEO AND PRESIDENT 5035262696 2020-11-16 1 WENDY CAMPOS P00448102 5032421447 2020-11-16 73.96.206.44 2020-11-16 14:17:48 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 49DBEE6AC883C99C1A3F54F9C66CBC91A259A0F6 2019 2021-04-22 16:20:28Z SETH SCHAEFER 8505 SW CREEKSIDE PLACE BEAVERTON OR 97008 56513722 0 X WWW.RIVERMARKCU.ORG X 1951 OR CONDUCTING CREDIT UNION FINANCIAL SERVICES FOR A MEMBER OWNED FINANCIAL COOPERATIVE. 9 9 236 14 545942 -91488 0 0 51486374 49702849 3053410 6789856 0 0 54539784 56492705 0 0 0 0 18064162 20316515 0 0 0 26233465 23067870 44297627 43384385 10242157 13108320 857074350 869108239 770153664 767320473 86920686 101787766 X PROVIDE QUALITY FINANCIAL SERVICES, PRODUCTS, AND SUPPORT FOR MEMBERS IN THE LOCAL COMMUNITIES WE SERVE. 0 0 PROVIDED FINANCIAL SERVICES TO 86,223 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 33556 0 1 236 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 DENNIS FULLAN BOARD MEMBER (THRU 4/19),BOARD CHAIR 2.00 X X 15000 0 0 STEVE LUCAS BOARD CHAIR (THRU 4/19),BOARD MEMBER 1.00 X X 15000 0 0 KIM BICKFORD VICE CHAIR 2.00 X X 13000 0 0 BILL ROBERTS BOARD SECRETARY(THRU 4/19), BOARD MEMBER 1.00 X X 13000 0 0 STEPHEN HOLLAND BOARD SECRETARY 2.00 X X 7000 0 0 GARY FRAYN BOARD MEMBER 1.00 X 13000 0 0 MATTHEW BAIRD BOARD MEMBER (THRU 4/19) 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 SCOTT BURGESS EMERITUS PRESIDENT/CEO (THRU 7/19) 40.00 X 978678 0 15273 SETH SCHAEFER PRESIDENT/CEO 40.00 X 479874 0 17885 CORI POLAND CHIEF EXPERIENCE OFFICER 40.00 X 217229 0 11906 BRIAN GRIFFIS CHIEF FINANCIAL OFFICER 40.00 X 215107 0 15470 RICH MUCKEY CHIEF LENDING OFFICER 40.00 X 162917 0 5014 DAVID NOBLE SENIOR VICE PRESIDENT OF MARKETING 40.00 X 188619 0 13986 STEPHANIE STRIMLING VICE PRESIDENT OF TECHNOLOGY 40.00 X 167586 0 13125 MISTY TYLER TECHNOLOGY DIRECTOR 40.00 X 173741 0 6685 SHARON PASERO VICE PRESIDENT RISK MANAGEMENT 40.00 X 151826 0 12806 RANDY BRESEE VICE PRESIDENT MEMBER EXPERIENCE 40.00 X 145373 0 12904 VICTORIA KING VICE PRESIDENT BUSINESS SERVICES & M 40.00 X 150512 0 5612 3159462 0 130666 23 0 1 0 FISERV INC PO BOX 99924 GRAPEVINE TX 76099 FINANCIAL SOFTWARE/HARDWARE & PROFESSION 2625643 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 ONLING BANKING 1332297 FINANCIAL TECHNOLOGY SOLUTIONS PO BOX 919 MONROVIA CA 91017 ATM/PTK EQUIPMENT, MAINTENANCE AND SERVI 619000 BRIDGE DATA SOLUTIONS INC 1420 NW GILMAN BLVD 2118 ISSAQUAH WA 98027 TECHNOLOGY EQUIPMENT/SOFTWARE 389538 DIGITAL MARKETING GROUP 17933 NW EVERGREEN PL SUITE 360 BEAVERTON OR 97006 MARKETING CAMPAIGNS 302771 17 INTEREST ON LOANS 522100 33650415 33650415 INTERCHANGE INCOME 522100 7726972 7665426 61546 SERVICE CHARGES AND FE 522100 6243721 6197866 45855 OTHER NON-INTEREST INC 522100 1854228 1415687 438541 MORTGAGE SALES AND SER 522100 227513 227513 49702849 5034120 5034120 1776753 0 21017 1776753 -21017 1755736 1755736 56492705 49156907 545942 6789856 2449959 11587014 2960441 1871372 1447729 78032 114000 2107407 1108724 2055191 2789297 1041393 703660 3356592 1885510 LOAN SERVICING 4747645 PROVISION FOR LOAN LOSS 2102472 DUES AND SUBSCRIPTIONS 192010 STATE EXAMINATION 86785 699152 43384385 7335202 7674736 32124469 47661086 646227466 607300537 1540074 1679550 26271018 11828771 15521634 14442247 118564092 146131867 2626609 2208487 33134804 42009729 857074350 869108239 6809398 8188114 1495000 1264995 1089195 1420076 15000000 2000000 745760071 754447288 770153664 767320473 X 0 0 0 0 86920686 101787766 86920686 101787766 857074350 869108239 13108320 1758760 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 13006313 2201002 10805311 2910313 2070968 839345 9574923 7556801 2018122 14442247 MEMBER SHARE & SAVINGS ACCOUNTS 754447288 754447288 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, 2019. THE CREDIT UNION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS A NONINTEREST EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2019, THE CREDIT UNION RECOGNIZED NO INTEREST AND PENALTIES. X 1 1 X X X 1 1 0 SCOTT BURGESS EMERITUS PRESIDENT/CEO (THRU 7/19) 805462 0 166216 0 7000 0 11200 0 4073 0 993951 0 0 0 SETH SCHAEFER PRESIDENT/CEO 354474 0 113400 0 12000 0 11200 0 6685 0 497759 0 0 0 CORI POLAND CHIEF EXPERIENCE OFFICER 208368 0 8861 0 0 0 5221 0 6685 0 229135 0 0 0 BRIAN GRIFFIS CHIEF FINANCIAL OFFICER 206025 0 9082 0 0 0 8785 0 6685 0 230577 0 0 0 RICH MUCKEY CHIEF LENDING OFFICER 162917 0 0 0 0 0 0 0 5014 0 167931 0 0 0 DAVID NOBLE SENIOR VICE PRESIDENT OF MARKETING 164733 0 23886 0 0 0 7004 0 6982 0 202605 0 0 0 STEPHANIE STRIMLING VICE PRESIDENT OF TECHNOLOGY 146030 0 21556 0 0 0 6440 0 6685 0 180711 0 0 0 MISTY TYLER TECHNOLOGY DIRECTOR 154628 0 19113 0 0 0 0 0 6685 0 180426 0 0 0 SHARON PASERO VICE PRESIDENT RISK MANAGEMENT 132910 0 18916 0 0 0 6121 0 6685 0 164632 0 0 0 RANDY BRESEE VICE PRESIDENT MEMBER EXPERIENCE 126457 0 18916 0 0 0 5922 0 6982 0 158277 0 0 0 VICTORIA KING VICE PRESIDENT BUSINESS SERVICES & M 74646 0 9618 0 66248 0 2826 0 2786 0 156124 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 SCOTT BURGESS, CEO EMERITUS, HAS EARNED $0 FOR HIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2019. TOTAL CONTRIBUTIONS OF $0 AND TOTAL DISTRIBUTIONS OF $590,228 WERE ISSUED TO THE PLAN DURING 2019. PART I, LINES 4A-B VICTORIA KING RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $66,248 IN JUNE 2019. FORM 990, PART VI, SECTION A, LINE 6 RIVERMARK COMMUNITY CREDIT UNION HAD 86,223 MEMBERS AT 12/31/19. 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: IT WAS LAST DONE SEPTEMBER 2019. 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 229543 287293 RIVERMARK COMMUNITY CREDIT UNION