2022-11-14T15:52:01-06:00 2021-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2021-01-01 930491115 ROGUE CREDIT UNION ROGU 8008567328 1370 CENTER DRIVE MEDFORD OR 97501 MATT STEPHENSON PRESIDENT/CEO 8008567328 2022-11-07 1 MATT STEPHENSON XXX-XX-XXXX WENDY CAMPOS P00448102 5032421447 2022-11-03 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MATT STEPHENSON 1370 CENTER DRIVE MEDFORD OR 97501 150487773 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. 12 9 764 0 343453 122629 0 0 107813375 120371914 10316800 15895510 0 0 118130175 136267424 201741 235229 0 0 41514476 48253411 0 0 0 44064264 50108659 85780481 98597299 32349694 37670125 2489533338 2944952062 2247594270 2678408740 241939068 266543322 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 1 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 92542 0 1 764 1 1 1 0 0 0 1 1 0 0 0 X 12 9 0 0 0 0 1 1 0 1 1 0 0 1 1 0 0 1 1 1 1 0 OR X MATT STEPHENSON 8008567328 1370 CENTER DRIVE MEDFORD OR 97501 EUGENE L PELHAM CHIEF EXECUTIVE OFFICER 50.00 1.00 X X 1035503 0 247926 MATT STEPHENSON EXECUTIVE VICE PRESIDENT 50.00 1.00 X X 560922 0 194236 BLAKE THURMAN CHIEF FINANCIAL OFFICER 50.00 X X 339934 0 107664 PHILIP SMITH BOARD CHAIR 1.00 X X 25000 0 0 GERALD HAUCK BOARD SECRETARY 1.00 1.00 X X 21000 0 0 HEATHER JOHNSON BOARD VICE CHAIR 1.00 X X 21000 0 0 ALEX PALM BOARD TREASURER 1.00 X X 21000 0 0 PETER ANGSTADT BOARD MEMBER 1.00 X 21000 0 0 NEIL ITZEN BOARD MEMBER 1.00 X 19250 0 0 ROGER YASUDA BOARD MEMBER 1.00 X 16500 0 0 KATIE HUTCHINSON BOARD ASSOCIATE MEMBER 1.00 X 3750 0 0 CHERYL MCMAHAN BOARD MEMBER 1.00 X 1500 0 0 JEANNE PICKENS CHIEF OPERATIONS OFFICER 50.00 1.00 X 519064 0 123707 KAREN ZERGER CHIEF ADMINISTRATION OFFIC 50.00 1.00 X 434008 0 100385 JEFFRY ROBERSON CHIEF INFORMATION OFFICER 50.00 X 327686 0 96451 CHAD HEESE CHIEF LENDING AND STRATEGY OFFICER 50.00 X 321523 0 93303 GEOFFREY FRIDEN MORTGAGE LOAN OFFICER 50.00 X 323058 0 26047 CONNIE BAY MORTGAGE LOAN OFFICER 50.00 X 287420 0 28405 VIRGINIA LEWIS MORTGAGE DELIVERY MANAGER 50.00 X 286459 0 21811 MIRANDA TRIPLETT MORTGAGE LOAN OFFICER 50.00 X 260847 0 16460 DONNA GILLES MORTGAGE LOAN OFFICER 50.00 X 258153 0 30745 5104577 0 1087140 70 0 1 0 S&B JAMES CONSTRUCTION MANAGEMENT CO 8425 AGATE ROAD WHITE CITY OR 97503 CONSTRUCTION 16005399 FISERV INC PO BOX 208457 DALLAS TX 753208457 CORE PROCESSOR 6283654 NATIONAL CREDIT UNION ADMINISTRATION 1775 DUKE STREET ALEXANDRIA VA 223143428 REGULATORY REVIEW 5551322 VISA USA INC PO BOX 742233 LOS ANGELES CA 900742233 CREDIT CARD PROCESSING 2505283 NCR CORPORATION 3095 SATELLITE BLVD DULUTH GA 30096 ONLINE/MOBILE BANKING 2163651 60 INTEREST ON LOANS 522100 81449385 81449385 OTHER OPERATING INCOME 522100 34375390 34297016 78374 SERVICE CHARGES & FEES 522100 4547139 4282060 265079 120371914 15190970 15190970 11997940 2926949 11725237 2495112 272703 431837 704540 431837 272703 136267424 120460298 343453 15463673 235229 4652311 33794321 1627874 5106480 3072425 102323 245710 7951996 2526752 4339676 1914582 2763198 149011 4879264 4705266 386862 LOAN SERVICING 7506685 PROVISION FOR LOAN LOSS 5489085 ATM MAINTENANCE 1049244 6099005 98597299 22407594 22714791 188175418 134285918 1460936 1475546 1508663516 1673567294 127372262 33339727 73281818 94032535 637441253 800680976 11741473 152685634 46361330 65509368 2489533338 2944952062 30759187 39559915 2916350 3563251 2213918733 2635285574 2247594270 2678408740 X 0 0 0 0 241939068 266543322 241939068 266543322 2489533338 2944952062 37670125 -13065871 0 X X 0 1 X 1 0 0 0 25215395 25215395 65629733 9642218 55987515 390219 292970 97249 31630715 23404539 8226176 4506200 4506200 94032535 RESTRICTED EQUITY SECURITIES 13172904 C 457 PLAN ASSETS 553324 F REVERSE REPURCHASE AGREEMENTS 138959406 C 152685634 MEMBER SHARES 2635285574 2635285574 X 136267424 0 136267424 0 136267424 98597299 0 98597299 0 98597299 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, 2021. THE CREDIT UNION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO THE UNRECOGNIZED TAX BENEFITS AS AN ADMINISTRATIVE EXPENSE. DURING THE YEAR ENDED DECEMBER 31, 2021, THE CREDIT UNION RECOGNIZED AN IMMATERIAL AMOUNT OF INTEREST AND PENALTIES. 1 ROGUE CREDIT UNION FOUNDATION INC PO BOX 4450 MEDFORD OR 97501 464522157 501(C)(3) 35942 0 GENERAL SUPPORT OF FULLY CONTROLLED ENTITY NORTHWEST CREDIT UNION ASSOCIATION 18000 INTERNATIONAL BLVD SEATAC WA 98188 910460483 501(C)(3) 20000 0 CU FOR KIDS AUCTION TREASURE VALLEY COMMUNITY COLLEGE FOUNDATION 650 COLLEGE BLVD ONTARIO OR 97914 237052989 501(C)(3) 10500 0 ENDOWMENT DONATION 3 0 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 663301 0 351698 0 20504 0 226440 0 21486 0 1283429 0 0 0 MATT STEPHENSON EXECUTIVE VICE PRESIDENT 429326 0 127569 0 4027 0 166384 0 27852 0 755158 0 0 0 JEANNE PICKENS CHIEF OPERATIONS OFFICER 257661 0 258168 0 3235 0 95805 0 27902 0 642771 0 0 0 KAREN ZERGER CHIEF ADMINISTRATION OFFIC 249046 0 181918 0 3044 0 82668 0 17717 0 534393 0 0 0 BLAKE THURMAN CHIEF FINANCIAL OFFICER 270067 0 61163 0 8704 0 79812 0 27852 0 447598 0 0 0 JEFFRY ROBERSON CHIEF INFORMATION OFFICER 254077 0 62919 0 10690 0 66764 0 29687 0 424137 0 0 0 CHAD HEESE CHIEF LENDING AND STRATEGY OFFICER 253925 0 60096 0 7502 0 65451 0 27852 0 414826 0 0 0 GEOFFREY FRIDEN MORTGAGE LOAN OFFICER 43834 0 279224 0 0 0 6551 0 19496 0 349105 0 0 0 CONNIE BAY MORTGAGE LOAN OFFICER 45148 0 242272 0 0 0 10738 0 17667 0 315825 0 0 0 VIRGINIA LEWIS MORTGAGE DELIVERY MANAGER 59223 0 227236 0 0 0 10743 0 11068 0 308270 0 0 0 DONNA GILLES MORTGAGE LOAN OFFICER 37534 0 220619 0 0 0 9209 0 21536 0 288898 0 0 0 MIRANDA TRIPLETT MORTGAGE LOAN OFFICER 37368 0 223479 0 0 0 4093 0 12367 0 277307 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 $147,860 WERE MADE DURING THE YEAR. THE CEO PARTICIPATED IN A 457(F) PLAN. 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 1475546 0 1 1 1475546 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 2021, 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 2130 1363312 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 35942 CASH VALUE