2025-11-13T14:08:31-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2024-01-01 930491115 ROGUE CREDIT UNION ROGU 8008567328 1370 CENTER DRIVE MEDFORD OR 97501 BLAKE THURMAN CFO 8008567328 2025-11-12 1 1 WENDY CAMPOS P00448102 5032421447 2025-11-12 2024 2025-03-06 01:10:19Z MATT STEPHENSON 1370 CENTER DRIVE MEDFORD OR 97501 241973646 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. 9 7 792 0 232480 6259 0 0 152996061 168844233 37100539 56396353 0 0 190096600 225240586 362193 900532 0 0 57961295 63550913 0 0 0 103881526 136431348 162205014 200882793 27891586 24357793 3362829205 3616311100 3123419626 3340753833 239409579 275557267 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 162243 0 1 792 1 1 1 0 0 0 1 1 0 0 0 X 9 7 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 STEPHENSON MATTHEW C CHIEF EXECUTIVE OFFICER 50.00 1.00 X X 1008195 0 339545 THURMAN BLAKE CHIEF FINANCIAL OFFICER 50.00 0.00 X X 692657 0 140027 ROBERSON JEFFRY DEE CHIEF INFORMATION OFFICER 50.00 0.00 X 638227 0 122746 PICKENS JEANNE M EVP/CHIEF OPERATIONS OFFICER 50.00 1.00 X 429997 0 150102 HEESE CHAD RICHARD CHIEF LENDING AND STRATEGY OFFICER 50.00 0.00 X 394595 0 108340 ENGLAND KELLIE L SVP OF MEMBER EXPERIENCE 50.00 0.00 X 298502 0 97044 DAVOL BEN WILLIAM SVP, INFORMATION TECHNOLOGY SERVICES 50.00 0.00 X 263521 0 82679 MULKINS SCOTT HAROLD SVP OF ANALYTICS AND ENTERPRISE RISK 50.00 0.00 X 264782 0 69474 OVERTON TROY R SVP OF CONSUMER AND MORTGAGE LENDING 50.00 0.00 X 290515 0 40779 RIPPLINGER DANIEL VP OF BUSINESS SERVICES 50.00 0.00 X 273711 0 14017 SMITH PHILIP BOARD CHAIR 1.00 0.00 X X 25000 0 0 SCOTT HEATHER BOARD VICE CHAIR 1.00 1.00 X X 21000 0 0 ANGSTADT PETER BOARD SECRETARY 1.00 0.00 X X 21000 0 0 PALM ALEX M BOARD TREASURER 1.00 0.00 X X 21000 0 0 ITZEN NEIL BOARD MEMBER 1.00 0.00 X 21000 0 0 HUTCHINSON KATIE M BOARD MEMBER 1.00 1.00 X 21000 0 0 YASUDA ROGER BOARD MEMBER 1.00 0.00 X 18000 0 0 4702702 0 1164753 125 0 1 0 FISERV INC PO BOX 208457 DALLAS TX 75320 CORE PROCESSOR 5189909 VISA USA INC PO BOX 742233 LOS ANGELES CA 90074 CREDIT CARD PROCESSING 3001034 NCR VOYIX CORPORATION 3095 SATELLITE BLVD DULUTH GA 30096 ONLINE/MOBILE BANKING 2451665 COOK SOLUTIONS GROUP INC 9225 NE CASCADES PKWY PORTLAND OR 97220 SECURITY/ATM MAINTENANCE 2015721 NATIONAL CREDIT UNION ADMINISTRATION 1775 DUKE ST ALEXANDRIA VA 22314 NATIONAL CREDIT UNION INSURANCE FUND 1948040 67 INTEREST ON LOANS 522100 133047672 133047672 OTHER OPERATING INCOME 522100 32122186 32080154 42032 SERVICE CHARGES & FEES 522100 3674375 3483927 190448 168844233 57527929 57527929 10527865 5073619 11701826 5031234 -1173961 42385 -1131576 -1131576 225240586 168611753 232480 56396353 900532 4172436 45382282 2289135 7517097 4189963 197645 299814 5481333 3532941 9287589 2156564 3826466 443355 64226434 5420694 513833 PROVISION FOR LOAN LOSS 23017198 LOAN SERVICING 9815402 DIGITAL BANKING ENHANCE 3337141 ATM MAINTENANCE 1166641 3708298 200882793 20476815 25404443 107228659 66600757 10645321 10827224 1933053035 2113572141 151335703 42691555 106407608 108644148 898502110 888990258 150358424 250767233 136157233 151504896 3362829205 3616311100 63381618 48113065 1252573 1536243 10672933 0 149652341 180000000 2898460161 3111104525 3123419626 3340753833 X 0 0 0 0 239409579 275557267 239409579 275557267 3362829205 3616311100 24357793 11789895 0 X 0 1 X 1 0 550 550 550 1 OREGON BUSINESS & INDUSTRY 1149 COURT ST NE SALEM OR 97301 930470826 50 OBI POLITICAL ACTION COMMITTEE 1149 COURT ST NE SALEM OR 97301 930859556 500 PART I-A, LINE 1: ANNUAL CONTRIBUTIONS TO THE OREGON BUSINESS & INDUSTRY, AND THE OREGON BUSINESS & INDUSTRY PAC, WHICH ENHANCES CREDIT UNION VISIBILITY AMONG LAWMAKERS AND BUILDS STRONG POLITICAL RELATIONSHIPS. 0 1 X 30649982 30649982 86511111 15039461 71471650 304719 270909 33810 33869891 27381185 6488706 108644148 RESTRICTED EQUITY SECURITIES 21353100 C 457 PLAN ASSETS 1275231 F CATALYST PERPETUAL CAPITAL 677939 C REVERSE REPURCHASE AGREEMENT 227460963 C 250767233 MEMBER SHARES 3111104525 3111104525 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 501(C)(3) NONPROFIT ORGANIZATION THAT IS SUBJECT TO 990 INFORMATION REPORTING. ADDITIONALLY, THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2024 AND 2023. THE CREDIT UNION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO THE UNRECOGNIZED TAX BENEFITS AS AN ADMINISTRATIVE EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2024 AND 2023, THE CREDIT UNION RECOGNIZED AN IMMATERIAL AMOUNT OF INTEREST AND PENALTIES. 1 MEDFORD PARKS & RECREATION FOUNDATION 901 ROSSANLEY DR MEDFORD OR 97501 203488320 501(C)(3) 278165 0 ROGUE X COMMUNITY OUTREACH BUILDING AND MOVIES IN THE PARK MEDFORD OR ASANTE FOUNDATION 229 N BARLETT ST MEDFORD OR 95701 936087366 501(C)(3) 40346 0 ELECTRONIC CAR - MAXX AND PLEDGE COMPLETION ACCESS 3630 AVIATION WAY MEDFORD OR 95704 930665396 501(C)(3) 35000 0 AFFORDABLE HOUSING PROGRAM UMPQUA VALLEY HABITAT FOR HUMANITY PO BOX 1391 ROSEBURG OR 97470 931197967 501(C)(3) 25000 0 AFFORDABLE HOUSING PROGRAM COALICION FORTALEZA DBA MY VALLEY HOME 1515 S OAKDALE AVE MEDFORD OR 97501 861300961 501(C)(3) 25000 0 REBUILD HOMES AFTER ALMEDA FIRE OREGON COAST COMMUNITY ACTION SERVICES 1855 THOMAS AVE COOS BAY OR 97420 930547036 501(C)(3) 25000 0 AFFORDABLE HOUSING PROGRAM COMMUNITY IN ACTION 915 SW 3RD AVE ONTARIO OR 97914 264061084 501(C)(3) 25000 0 AFFORDABLE HOUSING PROGRAM HABITAT FOR HUMANITY ROGUE VALLEY PO BOX 688 MEDFORD OR 97501 930971629 501(C)(3) 25000 0 AFFORDABLE HOUSING PROGRAM KLAMATH & LAKE COMMUNITY ACTION SERVICES 2316 S 6TH ST STE C KLAMATH FALLS OR 97601 931329382 501(C)(3) 25000 0 AFFORDABLE HOUSING PROGRAM LITTLE LEAGUE BASEBALL INC 2935 HANLEY RD CENTRAL POINT OR 97502 760272163 501(C)(3) 25000 0 SCOREBOARD YEAR 1 THE CHAMBER OF MEDFORD & JACKSON COUNTY 101 E 8TH ST MEDFORD OR 97501 930197580 501(C)(3) 18350 0 ANNUAL AWARD DINNER SPONSORSHIP, FORUM TABLE SPONSORSHIP, AND FORUM SPONSORSHIP SOUTHWESTERN OREGON COMMUNITY COLLEGE FOUNDATION 1988 NEWMARK AVE COOS BAY OR 97420 936031563 501(C)(3) 15000 0 SOU ATHLETICS SPONSORSHIP AND SCOREBOARD FORTE CLOTHING COMPANY 691 VILAS RD STE 101 CENTRAL POINT OR 97502 271698121 12890 0 WALLY THE WOLF STUFF ANIMALS MAKE A WISH FOUNDATION OF OREGON 5901 S MACADAM AVE STE 200 PORTLAND OR 97239 820385049 501(C)(3) 10000 0 BROOKE COMMUNICATIONS - MAKE-A-WISH FOUNDATION LA CLINICA DEL VALLE FAMILY HEALTH CARE CENTER INC 931 CHEVY WAY MEDFORD OR 97504 943096772 501(C)(3) 10000 0 HAPPY SMILES - DENTAL SPONSORSHIP NATIONAL CREDIT UNION FOUNDATION 4703 MADISON YARDS WAY STE 300 MADISON WI 53705 391383650 501(C)(3) 10000 0 IMPACT DONATION RENEWAL PEAR BLOSSOM FESTIVAL ASSOCIATION INC PO BOX 335 MEDFORD OR 97501 475622033 501(C)(3) 10000 0 PEAR BLOSSOM PARADE AND FESTIVAL SPONSORSHIP MEDFORD ROGUES BASEBALL CLUB PO BOX 699 MEDFORD OR 97501 392079776 8000 0 ATHLETHICS SPONSORSHIP - TITLE SPONSORSHIP ROGUE WORLD MUSIC 2305-C ASHLAND ST STE 421 ASHLAND OR 97520 450970086 501(C)(3) 7000 0 HEADLINER SPONSORSHIP BANDON CHAMBER OF COMMERCE 300 2ND ST SE BANDON OR 97411 930592392 501(C)(6) 7000 0 CRANBERRY FESTIVAL ONTARIO PAINTBALL CHALLENGE LLC 1028 LUCKY LN ONTARIO OR 97914 471579462 6500 0 CORNMAZE/SLIDE SPONSORSHIP OREGON INSTITUTE OF TECHNOLOGY 3201 CAMPUS DR KLAMATH FALLS OR 97601 472893144 KLAMATH FALLS 6000 0 SPONSORSHIP AGREEMENT MEDFORD CRUISE ASSOCIATION PO BOX 629 MEDFORD OR 97501 931274774 501(C)(3) 5500 0 SUPPORT THE CRUISE SPONSORSHIP ROGUE CREDIT UNION FOUNDATION PO BOX 4450 MEDFORD OR 97501 464522157 501(C)(3) 5190 0 GENERAL SUPPORT OF FULLY CONTROLLED ENTITY 20 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 STEPHENSON MATTHEW C CHIEF EXECUTIVE OFFICER 789145 0 212030 0 7020 0 316843 0 22702 0 1347740 0 0 0 THURMAN BLAKE CHIEF FINANCIAL OFFICER 345031 0 339923 0 7703 0 117325 0 22702 0 832684 0 286975 0 ROBERSON JEFFRY DEE CHIEF INFORMATION OFFICER 336246 0 294061 0 7920 0 103408 0 19338 0 760973 0 239384 0 PICKENS JEANNE M EVP/CHIEF OPERATIONS OFFICER 368096 0 58090 0 3811 0 127400 0 22702 0 580099 0 0 0 HEESE CHAD RICHARD CHIEF LENDING AND STRATEGY OFFICER 337383 0 52842 0 4370 0 85638 0 22702 0 502935 0 0 0 ENGLAND KELLIE L SVP OF MEMBER EXPERIENCE 254612 0 40473 0 3417 0 74342 0 22702 0 395546 0 0 0 DAVOL BEN WILLIAM SVP, INFORMATION TECHNOLOGY SERVICES 229303 0 34218 0 0 0 60446 0 22233 0 346200 0 0 0 MULKINS SCOTT HAROLD SVP OF ANALYTICS AND ENTERPRISE RISK 226822 0 37960 0 0 0 46772 0 22702 0 334256 0 0 0 OVERTON TROY R SVP OF CONSUMER AND MORTGAGE LENDING 250729 0 39786 0 0 0 23241 0 17538 0 331294 0 0 0 RIPPLINGER DANIEL VP OF BUSINESS SERVICES 234866 0 38845 0 0 0 0 0 14017 0 287728 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 BLAKE THURMAN, CHIEF FINANCIAL OFFICER, PARTICIPATED IN A 457(F) PLAN AND DISTRIBUTIONS OF $286,975 WERE MADE DURING THE YEAR. JEFFRY ROBERSON, CHIEF INFORMATION OFFICER, PARTICIPATED IN A 457(F) PLAN AND DISTRIBUTIONS OF$239,384 WERE MADE DURING THE YEAR. 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 1520299 0 1 1 BLAKE THURMAN CHIEF FINANCIAL OFFICER SPLIT DOLLAR LIFE INSURANCE PLAN X 1800000 1898296 0 1 1 MATT STEPHENSON 2 CHIEF EXECUTIVE OFFICER SPLIT DOLLAR LIFE INSURANCE PLAN X 2000000 2109218 0 1 1 JEFFRY ROBERSON CHIEF INFORMATION OFFICER SPLIT DOLLAR LIFE INSURANCE PLAN X 2100000 2214679 0 1 1 JEANNE PICKENS CHIEF OPERATIONS OFFICER SPLIT DOLLAR LIFE INSURANCE PLAN X 1525000 1608279 0 1 1 CHAD HEESE CHIEF LENDING & STRATEGY OFFICER SPLIT DOLLAR LIFE INSURANCE PLAN X 1400000 1476453 0 1 1 10827224 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 2024, 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 13105 1391358 ROGUE CREDIT UNION ROGUE CREDIT UNION FOUNDATION INC 1370 CENTER DRIVE MEDFORD OR 97501 464522157 CHARITABLE GIVING TO LOCAL PROGRAMS OR 501(C)(3) LINE 10 ROGUE CREDIT UNION 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0