2022-11-15T18:53:51-06:00 2021-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2021-01-01 936024307 RIVERMARK COMMUNITY CREDIT UNION RIVE 5035262696 9125 SW GEMINI DR SUITE 100 BEAVERTON OR 97008 SETH SCHAEFER CEO AND PRESIDENT 5035262696 2022-11-15 1 SETH SCHAEFER XXX-XX-XXXX WENDY CAMPOS P00448102 5032421447 2022-11-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X SETH SCHAEFER 9125 SW GEMINI DR SUITE 100 BEAVERTON OR 97008 399525284 0 X RIVERMARKCU.ORG X 1951 OR CONDUCTING CREDIT UNION FINANCIAL SERVICES FOR A MEMBER OWNED FINANCIAL COOPERATIVE. 11 11 269 16 494017 2522 0 0 49662984 48775141 4406766 10287884 0 0 54069750 59063025 0 0 0 0 23787447 27152176 0 0 0 25782497 19916603 49569944 47068779 4499806 11994246 1120708547 1282908447 1009636410 1169271602 111072137 113636845 PROVIDE QUALITY FINANCIAL SERVICES, PRODUCTS AND SUPPORT FOR MEMBERS IN THE LOCAL COMMUNITIES WE SERVE. 0 0 PROVIDED FINANCIAL SERVICES TO 87,983 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 34562 0 1 269 1 1 1 0 0 0 0 0 1 0 X 11 11 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X AMY ZIMMERMAN 5039069464 9125 SW GEMINI DR BEAVERTON OR 97008 DENNIS FULLAN BOARD MEMBER 2.00 X 17000 0 0 BILL ROBERTS JR BOARD MEMBER 2.00 X 13000 0 0 GARY FRAYN BOARD MEMBER 2.00 X 13000 0 0 JOSH STEPHENSON BOARD MEMBER 2.00 X 13000 0 0 KIM BICKFORD BOARD CHAIR 4.00 X 13000 0 0 ROB LAVIGNE BOARD MEMBER 2.00 X 13000 0 0 STEVE LUCAS BOARD MEMBER (THROUGH 4/21) 2.00 X 13000 0 0 STEVEN HOLLAND DIRECTOR BOARD MEMBER 2.00 X 13000 0 0 TONY KULLEN BOARD MEMBER (THROUGH 4/21) 2.00 X 7186 0 0 BRETT BRYANT BOARD MEMBER 2.00 X 5200 0 0 GLORIA ZABEL BOARD VICE CHAIR 2.00 X 5200 0 0 JESUS MIGUEL PALOMARES BOARD MEMBER 2.00 X 3611 0 0 SETH SCHAEFER PRESIDENT & CEO 40.00 X 1185213 0 723119 CORI N POLAND CHIEF EXPERIENCE OFFICER 40.00 X 286995 0 240881 JOSEPH BRIAN GRIFFIS CFO 40.00 X 282771 0 208976 ABEN A HILL CLO, CREDIT OFFICER 40.00 X 293655 0 17379 STEPHANIE L STRIMLING CHIEF INNOVATION OFFICER 40.00 X 201651 0 33414 DAVID R NOBLE CHIEF MARKETING OFFICER 40.00 X 198655 0 33063 SHARON M PASERO VICE PRESIDENT RISK, RISK OFFICER 40.00 X 173374 0 41763 CHERYL A MCCARTHY VICE PRESIDENT 40.00 X 166655 0 12094 JOEL C JENKINS MORTGAGE ORIGINATOR 40.00 X 357441 0 29463 RANDAL L BRESEE VICE PRESIDENT 40.00 X 173374 0 41763 TRACEY ANN SCHERADELLA VICE PRESIDENT 40.00 X 168398 0 39742 MICKEY M BEARD VICE PRESIDENT 40.00 X 170841 0 21794 RYAN E HALLEY VICE PRESIDENT 40.00 X 179382 0 2173 3967602 0 1445624 33 0 1 0 FISERV INC PO BOX 99924 GRAPEVINE TX 76099 FINANCIAL SOFTWARE AND HARDWARE 3423912 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 ONLINE BANKING 1221785 CARROLL & ASSOCIATES LLP 205 DE ANZA BOULEVARD 13 SAN MATEO CA 94402 PROFESSIONAL SERVICES/CONTRACT NEGOTIATO 951500 FINANCIAL TECHNOLOGY SOLUTIONS PO BOX 919 MONROVIA CA 91017 ATM/PTK MAINTENANCE, SOFTWARE AND MACHIN 602256 FIRST CHOICE APPRAISAL MANAGEMENT 10250 SW GREENBURG ROAD SUITE 201 PORTLAND OR 97223 HOME APPRAISALS FOR MORTGAGE APPLICATION 389510 34 INTEREST ON LOANS 522100 29708451 29708451 INTERCHANGE INCOME 522100 10404835 10310826 94009 SERVICE CHARGES AND FE 522100 3712650 3664186 48464 MORTGAGE SALES AND SER 522100 3349605 3349605 OTHER NON-INTEREST INC 522100 1599600 1248056 351544 48775141 5354928 5354928 79699036 265696179 79649565 260812694 49471 4883485 4932956 4932956 59063025 48281124 494017 10287884 X 3847721 18402193 579313 2357090 1965859 101831 145880 6243989 1663894 1241096 81572 2549902 1486482 OPERATIONS 5856552 LOAN SERVICING 2554008 PROVISION FOR LOAN LOSS -2008603 47068779 10853124 18403534 183803411 46882888 561035780 562799511 2153215 3284016 24533348 13770400 14392229 10762948 256150736 577918160 2241264 1381600 90078788 61475790 1120708547 1282908447 9598376 16220624 1034943 1753017 2394060 2847077 1000000 500000 995609031 1147950884 1009636410 1169271602 X 0 0 0 0 111072137 113636845 111072137 113636845 1120708547 1282908447 11994246 -9429538 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 53331 53331 9167581 1622580 7545001 4244650 2912216 1332434 11067786 9235604 1832182 10762948 MEMBER SHARE & SAVINGS ACCOUNTS 1147950884 1147950884 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, 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. X 1 1 X X X 0 1 0 SETH SCHAEFER PRESIDENT & CEO 523551 0 135000 0 526662 0 714360 0 8759 0 1908332 0 0 0 CORI N POLAND CHIEF EXPERIENCE OFFICER 238638 0 47642 0 715 0 237810 0 3071 0 527876 0 0 0 JOSEPH BRIAN GRIFFIS CFO 234686 0 47582 0 503 0 202028 0 6948 0 491747 0 0 0 JOEL C JENKINS MORTGAGE ORIGINATOR 357441 0 0 0 0 0 29463 0 0 0 386904 0 0 0 ABEN A HILL CLO, CREDIT OFFICER 250016 0 30000 0 13639 0 3846 0 13533 0 311034 0 0 0 STEPHANIE L STRIMLING CHIEF INNOVATION OFFICER 178006 0 23118 0 527 0 26155 0 7259 0 235065 0 0 0 DAVID R NOBLE CHIEF MARKETING OFFICER 176342 0 20577 0 1736 0 33063 0 0 0 231718 0 0 0 SHARON M PASERO VICE PRESIDENT RISK, RISK OFFICER 150696 0 20690 0 1988 0 40773 0 990 0 215137 0 0 0 RANDAL L BRESEE VICE PRESIDENT 150696 0 20690 0 1988 0 40773 0 990 0 215137 0 0 0 TRACEY ANN SCHERADELLA VICE PRESIDENT 148336 0 18201 0 1861 0 39376 0 366 0 208140 0 0 0 MICKEY M BEARD VICE PRESIDENT 147451 0 21450 0 1940 0 18407 0 3387 0 192635 0 0 0 RYAN E HALLEY VICE PRESIDENT 161169 0 16930 0 1283 0 2173 0 0 0 181555 0 0 0 CHERYL A MCCARTHY VICE PRESIDENT 146224 0 19995 0 436 0 0 0 12094 0 178749 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 $1,729,057 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. FORM 990, PART VI, SECTION A, LINE 6 RIVERMARK COMMUNITY CREDIT UNION HAD 85,445 MEMBERS AT 12/31/21. 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. 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. FORM 990, PART IX, LINE 11G OTHER FEES 4,919,352. INFORMATION TECHNOLOGY 1,324,637. RIVERMARK INSURANCE AGENCY LLC 8505 SW CREEKSIDE PLACE BEAVERTON OR 97008 462978707 INSURANCE AGENCY OR 230328 375535 RIVERMARK COMMUNITY CREDIT UNION