2017-11-15T16:32:31-06:00 2016-12-31 910189318 Moss Adams LLP 805 SW Broadway Ste 1200 Portland OR 97205 990 2016-01-01 936024307 Rivermark Community Credit Union RIVE 5036266600 8505 SW Creekside Place Beaverton OR 97008 NICK HODSON VICE PRESIDENT FINANCE 5036266600 2017-11-15 1 Wendy Campos P00448102 5032421447 2017-11-14 12.129.7.100 2017-11-15 13:30:48 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D054F4EF093A01A5BE70ECC55B3094991D2B5D96 2016 2017-02-10 21:41:12Z SCOTT BURGESS 8505 SW Creekside Place Beaverton OR 97008 48251420 0 X WWW.RIVERMARKCU.ORG X 1951 OR THE PURPOSE OF THE CREDIT UNION IS TO OPERATE AS A NOT-FOR-PROFIT COOPERATIVE FOR THE PURPOSE OF ENCOURAGING THRIFT AMONG ITS MEMBERS BY AFFORDING THEM THE OPPORTUNITY FOR ACCUMULATING THEIR SAVINGS, TO CREATE FOR THEM A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST, AND TO PROVIDE THE OPPORTUNITY FOR THE MEMBERS TO USE AND CONTROL THEIR MONEY TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. 8 8 221 10 548371 -9094 0 0 39514208 47380311 697370 864594 0 0 40211578 48244905 0 0 0 0 13393720 16274366 0 0 0 18278469 25446476 31672189 41720842 8539389 6524063 720369988 798804998 654497344 726694892 65872644 72110106 X THE PURPOSE OF THE CREDIT UNION IS TO OPERATE AS A NOT-FOR-PROFIT COOPERATIVE FOR THE PURPOSE OF ENCOURAGING THRIFT AMONG ITS MEMBERS BY AFFORDING THEM THE OPPORTUNITY FOR ACCUMULATING THEIR SAVINGS, TO CREATE FOR THEM A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST, AND TO PROVIDE THE OPPORTUNITY FOR THE MEMBERS TO USE AND CONTROL THEIR MONEY TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. 0 0 PROVIDED FINANCIAL SERVICES TO 85,469 MEMBERS, INCLUDING SHARE DEPOSITS AND LOANS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 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 29154 0 1 221 1 1 1 0 0 0 0 0 X 8 8 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Josh Zarrilli 5039069704 8505 SW CREEKSIDE PLACE BEAVERTON OR 97008 STEVE LUCAS Board Chair 2.00 X X 0 0 0 DENNIS FULLAN Vice Chair 2.00 X X 0 0 0 LINA COCKRELL BOARD SECRETARY 2.00 X X 0 0 0 Kim Bickford Board MEMBER 1.00 X 0 0 0 Gary Frayn Board MEMBER 1.00 X 0 0 0 NINA CARLSON BOARD MEMBER 1.00 X 0 0 0 Bill Roberts Board MEMBER 1.00 X 0 0 0 Matthew Baird Board Member 1.00 X 0 0 0 Kara Oaks Board Member 1.00 X 0 0 0 Tony Kullen Board Member 1.00 X 0 0 0 Joseph Stephenson Board Member 1.00 X 0 0 0 SCOTT BURGESS CEO/PRESIDENT 60.00 X 492601 0 51963 Nick Hodson CFO 60.00 X 192252 0 30052 ROBERT MILLS CTO 60.00 X 200435 0 36140 Seth Schaefer CXO 60.00 X 204543 0 17307 David Noble Vice President of Marketing 60.00 X 185928 0 26806 Jacqueline Henderson Vice President of Human Resources 60.00 X 178964 0 20772 Cori Poland Vice President of Lending 60.00 X 119451 0 17291 Petro Verzosa Applications Manager 60.00 X 113053 0 15010 Eric Tengs Senior Database Developer 60.00 X 110975 0 14844 1798202 0 230185 11 0 1 0 Digital Insight PO Box 740641 Los Angeles CA 90074 Online Banking 971640 Fiserv Inc 75 Remittance Drive Suite 6959 Chicago IL 60675 Financial Software and Hardware 858816 LCG Pence Construction LLC 2720 SW Corbett Avenue Portland OR 97201 Contractor 715184 Financial Technology Solutions PO Box 919 Monrovia CA 91017 ITM/ATM Hardware/Software 569758 IC Group PO BOX 25175 Salt lake City UT 84125 Debit/Credit Card Solutions 336914 13 INTEREST ON LOANS 522100 30220141 30220141 INTERCHANGE INCOME 522100 6978680 6913658 65022 SERVICE CHARGES AND FE 522100 6293522 6225324 68198 OTHER NON-INTEREST INC 522100 1965134 1549983 415151 MORTGAGE SALES AND SER 522100 1922834 1922834 47380311 871109 871109 6515 -6515 -6515 -6515 48244905 46831940 548371 864594 1438027 10049760 2264721 1313103 1208755 55749 127335 1768610 1370444 2237175 2452835 771400 482577 3245411 1687371 PROVISION FOR LOAN LOSS 6044490 LOAN SERVICING 4474044 DUES AND SUBSCRIPTIONS 123580 STATE EXAMINATION 88181 517274 41720842 8247791 8495174 53294839 37065854 600273886 673207485 1434292 1419522 27409648 11890051 10624526 15519597 14702574 25414042 2421349 2558389 29370731 35124935 720369988 798804998 4124184 12039467 2185000 1955000 531264 1050291 21500000 21000000 626156896 690650134 654497344 726694892 X 0 0 0 0 65872644 72110106 65872644 72110106 720369988 798804998 6524063 -286601 0 X 0 0 0 0 1 X 779469 779469 11254136 1394260 9859876 2114105 610453 1503652 13261938 9885338 3376600 15519597 MEMBER SHARE & SAVINGS ACCOUNTS 690650134 690650134 Part IV, Line 2b: THE CREDIT UNION MAINTAINS ESCROW, TAXES AND INSURANCE AS PART OF THE LOAN PROGRAM. X 1 1 X X X 0 1 0 SCOTT BURGESS CEO/PRESIDENT 378031 0 100000 0 14570 0 30142 0 21821 0 544564 0 0 0 Nick Hodson CFO 163239 0 28687 0 326 0 14485 0 15567 0 222304 0 0 0 ROBERT MILLS CTO 170095 0 30014 0 326 0 16035 0 20105 0 236575 0 0 0 Seth Schaefer CXO 175501 0 28716 0 326 0 16363 0 944 0 221850 0 0 0 David Noble Vice President of Marketing 159471 0 26029 0 428 0 14874 0 11932 0 212734 0 0 0 Jacqueline Henderson Vice President of Human Resources 146757 0 27506 0 4701 0 13997 0 6775 0 199736 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 4b Scott Burgess, CEO, has accrued $1,064,119 for his supplemental non-qualified retirement plan as of 12/31/2016. Form 990, Part VI, Section A, line 6 RIVERMARK COMMUNITY CREDIT UNION HAD 85,469 MEMBERS AT 12/31/16. 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 PREPARED BY A THIRD-PARTY ACCOUNTING FIRM AND IS REVIEWED BY THE CREDIT UNION'S VICE PRESIDENT OF FINANCE AND CONTROLLER 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 OCTOBER 2016. Form 990, Part VI, Section C, line 19 FINANCIAL STATEMENTS ARE DISPLAYED IN THE LOBBY OF ALL CREDIT UNION BRANCHES. 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 131504 160874 RIVERMARK COMMUNITY CREDIT UNION