ADVANTIS CREDIT UNION: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- ADVANTIS CREDIT UNION (EIN 93-0251640)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-13
- IRS object ID
- 202543179349306034
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-13T12:35:10-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY ADVISORY GROUP LP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 805 SW BROADWAY STE 1400 | AddressLine1Txt |
| City | PORTLAND | CityNm |
| State Abbreviation | OR | StateAbbreviationCd |
| ZIP | 97205 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 930251640 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ADVANTIS CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ADVA | BusinessNameControlTxt |
| Phone | 5037852528 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14405 MEYERS ROAD 300 | AddressLine1Txt |
| City | OREGON CITY | CityNm |
| State Abbreviation | OR | StateAbbreviationCd |
| ZIP | 97045 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DERRICK PETERSON | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 5037852528 | PhoneNum |
| Signature | 2025-11-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WENDY CAMPOS | PreparerPersonNm |
| PTIN | P00448102 | PTIN |
| Phone | 5032421447 | PhoneNum |
| Preparation | 2025-11-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Final Return | Yes (X) | FinalReturnInd |
| Principal Officer | JASON WERTS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14405 MEYERS ROAD 300 | AddressLine1Txt |
| City | OREGON CITY | CityNm |
| State Abbreviation | OR | StateAbbreviationCd |
| ZIP | 97045 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $257,076,198 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.ADVANTISCU.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1928 | FormationYr |
| Legal Domicile State | OR | LegalDomicileStateCd |
| Activity Or Mission | PROVIDING FINANCIAL SERVICES TO MEMBERS. | ActivityOrMissionDesc |
| Contract Termination | Yes (X) | ContractTerminationInd |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 326 | TotalEmployeeCnt |
| Total Volunteers | 17 | TotalVolunteersCnt |
| Total Gross UBI | $577,388 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $74,894 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $76,968,009 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $84,109,576 | CYProgramServiceRevenueAmt |
| PY Investment Income | $21,712,876 | PYInvestmentIncomeAmt |
| CY Investment Income | $22,011,348 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $98,680,885 | PYTotalRevenueAmt |
| CY Total Revenue | $106,120,924 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $221,721 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $301,500 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $33,962,933 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $37,241,160 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $60,704,018 | PYOtherExpensesAmt |
| CY Other Expenses | $71,042,776 | CYOtherExpensesAmt |
| PY Total Expenses | $94,888,672 | PYTotalExpensesAmt |
| CY Total Expenses | $108,585,436 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,792,213 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$2,464,512 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,954,971,748 | TotalAssetsBOYAmt |
| Total Assets EOY | $0 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,737,782,312 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $217,189,436 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $0 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO IMPROVE THE FINANCIAL LIVES OF OUR MEMBERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | Yes (1) | SignificantChangeInd |
| Desc | THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO 87,524 MEMBERS. SERVICES INCLUDE SHARE DEPOSITS AND LOANS TO MEMBERS. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (1) | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | Yes (1) | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 31962 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 326 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | 0 | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DERRICK PETERSON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5037852528 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14405 MEYERS ROAD 300 | AddressLine1Txt |
| City | OREGON CITY | CityNm |
| State Abbreviation | OR | StateAbbreviationCd |
| ZIP | 97045 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (33 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| TARUN GUDZ | ||||||||
| CHAIR | 2.00 | Yes (X) | Yes (X) | $19,125 | $0 | $0 | ||
| FREDERIC DUPEYROUX | ||||||||
| DIRECTOR (THRU 10/24) | 2.00 | Yes (X) | $16,000 | $0 | $0 | |||
| AMANDA OWINGS | ||||||||
| VICE CHAIR | 2.00 | Yes (X) | Yes (X) | $15,625 | $0 | $0 | ||
| BRANDON LEPLEY | ||||||||
| AUDIT COMMITTEE MEMBER (THRU 10/24) | 2.00 | Yes (X) | $14,000 | $0 | $0 | |||
| TRACI ROSSI | ||||||||
| DIRECTOR, DEI COMMITTEE CHAIR | 2.00 | Yes (X) | $13,500 | $0 | $0 | |||
| TAMMY TESKE | ||||||||
| DIRECTOR, GOVERNANCE COMMITTEE CHAIR | 2.00 | Yes (X) | $13,500 | $0 | $0 | |||
| BRYAN SIMS | ||||||||
| SECRETARY/TREASURER, RISK & FINANCE COMMITTEE CH | 2.00 | Yes (X) | Yes (X) | $13,500 | $0 | $0 | ||
| JAKE JENSEN | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $12,625 | $0 | $0 | |||
| KELLAN DAVIS | ||||||||
| AUDIT COMMITTEE CHAIR | 2.00 | Yes (X) | $12,000 | $0 | $0 | |||
| WILLIAM KNUTHS | ||||||||
| AUDIT COMMITTEE MEMBER | 2.00 | Yes (X) | $10,500 | $0 | $0 | |||
| LIZ SPEER | ||||||||
| AUDIT COMMITTEE MEMBER | 2.00 | Yes (X) | $10,500 | $0 | $0 | |||
| ROSS WESCOTT | ||||||||
| AUDIT COMMITTEE MEMBER | 2.00 | Yes (X) | $10,500 | $0 | $0 | |||
| RENEE HALPERN | ||||||||
| DIRECTOR, NOMINATING COMMITTEE CHAIR (THRU 4/24) | 2.00 | Yes (X) | $9,838 | $0 | $0 | |||
| NATHAN MORALES | ||||||||
| ASSOCIATE DIRECTOR | 2.00 | Yes (X) | $8,723 | $0 | $0 | |||
| MONIQUE CLAIBORNE | ||||||||
| ASSOCIATE DIRECTOR (THRU 10/24) | 2.00 | Yes (X) | $8,000 | $0 | $0 | |||
| SHARI DUNN | ||||||||
| ASSOCIATE DIRECTOR (THRU 10/24) | 2.00 | Yes (X) | $3,640 | $0 | $0 | |||
| PATRICK HAGER | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JASON WERTS | ||||||||
| PRESIDENT/CEO | 40.00 | Yes (X) | $590,639 | $0 | $34,165 | |||
| GREG SPEAR | ||||||||
| SVP/CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $460,811 | $0 | $25,576 | |||
| KELI MYERS | ||||||||
| SVP/CHIEF OPERATING OFFICER | 40.00 | Yes (X) | $337,201 | $0 | $32,574 | |||
| CHRISTOPHER GROSHKO | ||||||||
| SVP/CHIEF EXPERIENCE OFFICER | 40.00 | Yes (X) | $318,081 | $0 | $27,629 | |||
| JOHN NICHOLS | ||||||||
| SVP OF MARKETING | 40.00 | Yes (X) | $229,541 | $0 | $17,838 | |||
| JENNIFER MCMURRAY | ||||||||
| VP OF STRATEGY & ADVOCACY | 40.00 | Yes (X) | $171,677 | $0 | $22,966 | |||
| KELLY SONFLIETH | ||||||||
| VP OF PEOPLE & CULTURE | 40.00 | $219,365 | $0 | $24,038 | Yes (X) | |||
| TREVOR HUTCHENS | ||||||||
| VP OF LENDING | 40.00 | $208,453 | $0 | $28,911 | Yes (X) | |||
| NICOLE WHITE | ||||||||
| VP, DIGITAL BANKING & REMOTE CHANNELS | 40.00 | $171,788 | $0 | $17,698 | Yes (X) | |||
| CHRIS CHARLTON | ||||||||
| VP/CONTROLLER | 40.00 | $162,940 | $0 | $23,165 | Yes (X) | |||
| MARY ELLEN LANZISERA | ||||||||
| DIRECTOR OF RISK MANAGEMENT | 40.00 | $161,184 | $0 | $17,475 | Yes (X) | |||
| MARK HULSEY | ||||||||
| VP OF INFORMATION TECHNOLOGY | 40.00 | $164,812 | $0 | $10,258 | Yes (X) | |||
| KARI BRIGGS | ||||||||
| VP OF OPERATIONS | 40.00 | $158,502 | $0 | $20,268 | Yes (X) | |||
| KATHERINE STEVENS | ||||||||
| AVP OF MEMBER EXPERIENCE | 40.00 | $145,086 | $0 | $23,944 | Yes (X) | |||
| ANDRE WALCOTT | ||||||||
| VP OF DEI | 40.00 | $131,733 | $0 | $15,377 | Yes (X) | |||
| JOHN LECKEY | ||||||||
| DIRECTOR OF COMMERCIAL LENDING | 40.00 | $131,054 | $0 | $19,192 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,954,443 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $361,074 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 27 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| REGENCE GROUP ADMINISTRATORS | |||||
| 10700 NORTHUP WAY STE 100 | BELLEVUE | WA | 98004 | HEALTHCARE ADMINISTRATION | $2,840,558 |
| CU COOPERATIVE SYSTEMS INC | |||||
| 9692 HAVEN AVENUE | RANCHO CUCAMONGA | CA | 91730 | DEBIT AND CREDT CARD PROCESSING | $2,037,494 |
| ALKAMI TECHNOLOGY INC | |||||
| DEPT 2223 PO BOX 122223 | DALLAS | TX | 753122223 | ONLINE BANKING | $1,568,776 |
| VISA USA INC | |||||
| PO BOX 742233 | LOS ANGELES | CA | 90074 | DEBIT AND CREDIT CARD PROCESSING | $879,037 |
| FISERV | |||||
| PO BOX 208457 | DALLAS | TX | 753208457 | CORE PROCESSING | $748,166 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 32 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| LOANS | 522100 | $73,927,534 | $73,927,534 | |
| OTHER NON INTEREST INC | 522100 | $5,086,185 | $4,532,919 | $553,266 |
| SERVICE CHARGES AND FE | 522100 | $4,192,208 | $4,168,086 | $24,122 |
| INTERCHANGE INCOME | 522100 | $1,617,760 | $1,617,760 | |
| NET LOSS ON SALE OF LO | 522100 | -$714,111 | -$714,111 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $84,109,576 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $21,360,695 | TotalRevenueColumnAmt |
| Exclusion | $21,360,695 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $151,605,927 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $150,955,274 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $650,653 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $650,653 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $672,196 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | -$21,543 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $106,120,924 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $84,204,384 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $577,388 | UnrelatedBusinessRevenueAmt |
| Exclusion | $21,339,152 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $286,750 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,750 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,495,291 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,217,114 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,087,858 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,894,987 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,545,910 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $777,656 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $579,274 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,119,261 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $803,214 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,809,065 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,207,326 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $189,125 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,451,347 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,371 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,822 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,767,534 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,388,499 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $246,667 | TotalAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PROVISION FOR LOAN LOSS | $10,422,138 |
| VISA/ATM EXPENSE | $1,872,635 |
| LENDING EXPENSE | $1,698,516 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,566,326 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,585,436 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $331,887,812 | BOYAmt |
| EOY | $0 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,335,071,818 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,778,944 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,969,356 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $141,661,120 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,240,563 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,362,135 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,954,971,748 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,494,017 | BOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,000,000 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,702,288,295 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,737,782,312 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $217,189,436 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $217,189,436 | BOYAmt |
| EOY | $0 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,954,971,748 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$2,464,512 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $821,728 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$215,546,652 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $30,000 | PoliticalExpendituresAmt |
| Volunteer Hours | 0 | VolunteerHoursCnt |
| Internal Funds Contributed | $30,000 | InternalFundsContributedAmt |
| Total Exempt Function Expend | $30,000 | TotalExemptFunctionExpendAmt |
| Form1120 POL Filed | Yes (1) | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CULAF | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8205 SW CREEKSIDE PLACE 220 | AddressLine1Txt |
| City | BEAVERTON | CityNm |
| State Abbreviation | OR | StateAbbreviationCd |
| ZIP | 97008 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 800043051 | EIN |
| Paid Internal Funds | $30,000 | PaidInternalFundsAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I-A, LINE 1: | FormAndLineReferenceDesc |
| Explanation | THE CREDIT UNION'S ONLY POLITICAL ACTIVITY IS CONTRIBUTIONS TO THE CREDIT UNION LEGISLATIVE ACTION FUND. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | FIN 48 (ASC 740) UNCERTAIN TAX POSITIONS FOOTNOTE FROM FINANCIAL STATEMENTS - THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE THAT HAS RESULTED IN NO SIGNIFICANT INCOME TAXES PAID. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2024. THE CREDIT UNION'S 2020 THROUGH 2022 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (13 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| SUNSHINE DIVISION | ||||||||
| 687 N THOMPSON | PORTLAND | OR | 97227 | 930429354 | 501(C)(3) | $41,250 | $0 | GENERAL DONATION |
| URBAN LEAGUE | ||||||||
| 10 N RUSSELL ST | PORTLAND | OR | 97227 | 930395590 | 501(C)(3) | $30,757 | $0 | GENERAL DONATION |
| BOYS & GIRLS CLUBS OF PORTLAND | ||||||||
| 7119 SE MILWAUKIE AVE | PORTLAND | OR | 97202 | 930474800 | 501(C)(3) | $22,500 | $0 | GENERAL DONATION |
| WORLDWIDE FOUNDATION | ||||||||
| PO BOX 2982 | MADISON | WI | 53701 | 396093210 | 501(C)(3) | $17,000 | $0 | GENERAL DONATION |
| CHILDREN'S MIRACLE NETWORK HOSPITALS | ||||||||
| 205 WEST 700 SOUTH | SALT LAKE CITY | UT | 84101 | 870387205 | 501(C)(3) | $15,000 | $0 | GENERAL DONATION |
| YOUTH MUSIC PROJECT | ||||||||
| 2015 8TH AVE | WEST LINN | OR | 97068 | 460923905 | 501(C)(3) | $10,000 | $0 | GENERAL DONATION |
| OUTSIDE IN | ||||||||
| 1132 SW 13TH AVE | PORTLAND | OR | 97205 | 930567549 | 501(C)(3) | $10,000 | $0 | GENERAL DONATION |
| GIRLS BUILD | ||||||||
| 3625 N MISSISSIPPI | PORTLAND | OR | 97227 | 811411091 | 501(C)(3) | $10,000 | $0 | GENERAL DONATION |
| GUIDE DOGS FOR THE BLIND INC | ||||||||
| 350 LOS RANCHITOS RD | SAN RAFAEL | CA | 94903 | 941196195 | 501(C)(3) | $10,000 | $0 | GENERAL DONATION |
| WITH LOVE OREGON | ||||||||
| 14555 SW 74TH AVE | TIGARD | OR | 97224 | 462869595 | 501(C)(3) | $8,000 | $0 | GENERAL DONATION |
| CLACKAMAS COMMUNITY COLLEGE | ||||||||
| 19600 MOLALLA AVE | OREGON CITY | OR | 97045 | 930579576 | 501(C)(3) | $6,150 | $0 | GENERAL DONATION |
| THE OREGON COMMUNITY FOUNDATION | ||||||||
| 1221 SW YAMHILL ST STE 100 | PORTLAND | OR | 97205 | 237315673 | 501(C)(3) | $5,850 | $0 | GENERAL DONATION |
| BIG BROTHERS BIG SISTERS COLUMBIA NW | ||||||||
| 6443 SW BEAVERTON HILLSDALE HWY 20 | PORTLAND | OR | 97221 | 931303640 | 501(C)(3) | $5,200 | $0 | GENERAL DONATION |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 13 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| COLLEGE SAVINGS | 13 | $7,500 |
| STUDENT LOAN REIMBURSEMENT | 12 | $7,250 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JASON WERTS | ||||||||||||||
| PRESIDENT/CEO | $475,550 | $0 | $91,826 | $0 | $23,263 | $0 | $18,112 | $0 | $16,053 | $0 | $624,804 | $0 | $0 | $0 |
| GREG SPEAR | ||||||||||||||
| SVP/CHIEF FINANCIAL OFFICER | $288,006 | $0 | $59,840 | $0 | $112,965 | $0 | $14,807 | $0 | $10,769 | $0 | $486,387 | $0 | $0 | $0 |
| KELI MYERS | ||||||||||||||
| SVP/CHIEF OPERATING OFFICER | $268,314 | $0 | $58,258 | $0 | $10,629 | $0 | $16,980 | $0 | $15,594 | $0 | $369,775 | $0 | $0 | $0 |
| CHRISTOPHER GROSHKO | ||||||||||||||
| SVP/CHIEF EXPERIENCE OFFICER | $254,648 | $0 | $53,701 | $0 | $9,732 | $0 | $16,677 | $0 | $10,952 | $0 | $345,710 | $0 | $0 | $0 |
| JOHN NICHOLS | ||||||||||||||
| SVP OF MARKETING | $183,416 | $0 | $39,054 | $0 | $7,071 | $0 | $6,886 | $0 | $10,952 | $0 | $247,379 | $0 | $0 | $0 |
| KELLY SONFLIETH | ||||||||||||||
| VP OF PEOPLE & CULTURE | $184,122 | $0 | $27,123 | $0 | $8,120 | $0 | $13,057 | $0 | $10,981 | $0 | $243,403 | $0 | $0 | $0 |
| TREVOR HUTCHENS | ||||||||||||||
| VP OF LENDING | $181,105 | $0 | $26,883 | $0 | $465 | $0 | $13,619 | $0 | $15,292 | $0 | $237,364 | $0 | $0 | $0 |
| JENNIFER MCMURRAY | ||||||||||||||
| VP OF STRATEGY & ADVOCACY | $136,456 | $0 | $28,417 | $0 | $6,804 | $0 | $12,014 | $0 | $10,952 | $0 | $194,643 | $0 | $0 | $0 |
| NICOLE WHITE | ||||||||||||||
| VP, DIGITAL BANKING & REMOTE CHANNEL | $144,568 | $0 | $21,357 | $0 | $5,863 | $0 | $11,223 | $0 | $6,475 | $0 | $189,486 | $0 | $0 | $0 |
| CHRIS CHARLTON | ||||||||||||||
| VP/CONTROLLER | $142,416 | $0 | $20,060 | $0 | $464 | $0 | $11,405 | $0 | $11,760 | $0 | $186,105 | $0 | $0 | $0 |
| KARI BRIGGS | ||||||||||||||
| VP OF OPERATIONS | $133,961 | $0 | $19,176 | $0 | $5,365 | $0 | $11,093 | $0 | $9,175 | $0 | $178,770 | $0 | $0 | $0 |
| MARY ELLEN LANZISERA | ||||||||||||||
| DIRECTOR OF RISK MANAGEMENT | $145,738 | $0 | $14,973 | $0 | $473 | $0 | $10,951 | $0 | $6,524 | $0 | $178,659 | $0 | $0 | $0 |
| MARK HULSEY | ||||||||||||||
| VP OF INFORMATION TECHNOLOGY | $137,865 | $0 | $20,235 | $0 | $6,712 | $0 | $9,657 | $0 | $601 | $0 | $175,070 | $0 | $0 | $0 |
| KATHERINE STEVENS | ||||||||||||||
| AVP OF MEMBER EXPERIENCE | $126,741 | $0 | $12,978 | $0 | $5,367 | $0 | $8,511 | $0 | $15,433 | $0 | $169,030 | $0 | $0 | $0 |
| JOHN LECKEY | ||||||||||||||
| DIRECTOR OF COMMERCIAL LENDING | $118,342 | $0 | $12,247 | $0 | $465 | $0 | $3,931 | $0 | $15,261 | $0 | $150,246 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | OCCASIONAL AIRFARE FOR COMPANIONS ON CREDIT UNION OFFICIAL BUSINESS. THIS IS TREATED AS A TAXABLE BENEFIT AND APPLIES ONLY TO THE BOARD OF DIRECTORS. |
| PART I, LINE 3 | APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY. |
| PART I, LINE 4B | PARTICIPANTS INCLUDE GREG SPEAR, TIM CLOUSE (FORMER), CHRIS CHARLTON, MARK HULSEY, TREVOR HUTCHENS, KELLY SONFLIETH, AND NICOLE WHITE. GREG SPEAR WAS THE ONLY ONE WHO RECEIVED A PAYOUT IN 2024 OF $150,000. |
Schedule N IRS990ScheduleN
Liquidation Of Assets Table LiquidationOfAssetsTableGrp
Liquidation Of Assets Detail LiquidationOfAssetsDetail (11 entries)
| Assets Distri Or Expnss PaidAssetsDistriOrExpnssPaidDesc | DistributionDistributionDt | Fair Market Value Of AssetFairMarketValueOfAssetAmt | Method Of FMV DeterminationMethodOfFMVDeterminationTxt | EINEIN | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | IRC SectionIRCSectionTxt |
|---|---|---|---|---|---|---|---|---|---|
| RIVERMARK COMMUNITY CREDIT UNION | |||||||||
| CASH | 2024-09-30 | $139,794,337 | N/A - FOR ACCOUNTING, RIVERMARK MERGED INTO ADVANTIS | 936024307 | 14405 MEYERS RD | OREGON CITY | OR | 97045 | 501(C)(14) |
| RIVERMARK COMMUNITY CREDIT UNION | |||||||||
| INVESTMENTS | 2024-09-30 | $224,706,468 | N/A - FOR ACCOUNTING, RIVERMARK MERGED INTO ADVANTIS | 936024307 | 14405 MEYERS RD | OREGON CITY | OR | 97045 | 501(C)(14) |
| RIVERMARK COMMUNITY CREDIT UNION | |||||||||
| ACCRUED INTEREST | 2024-09-30 | $5,045,834 | N/A - FOR ACCOUNTING, RIVERMARK MERGED INTO ADVANTIS | 936024307 | 14405 MEYERS RD | OREGON CITY | OR | 97045 | 501(C)(14) |
| RIVERMARK COMMUNITY CREDIT UNION | |||||||||
| LOANS AND LEASES | 2024-09-30 | $1,325,290,730 | N/A - FOR ACCOUNTING, RIVERMARK MERGED INTO ADVANTIS | 936024307 | 14405 MEYERS RD | OREGON CITY | OR | 97045 | 501(C)(14) |
| RIVERMARK COMMUNITY CREDIT UNION | |||||||||
| ALLOWANCE FOR LOAN LOSSES | 2024-09-30 | -$16,945,663 | N/A - FOR ACCOUNTING, RIVERMARK MERGED INTO ADVANTIS | 936024307 | 14405 MEYERS RD | OREGON CITY | OR | 97045 | 501(C)(14) |
| RIVERMARK COMMUNITY CREDIT UNION | |||||||||
| OTHER ASSETS | 2024-09-30 | $141,547,276 | N/A - FOR ACCOUNTING, RIVERMARK MERGED INTO ADVANTIS | 936024307 | 14405 MEYERS RD | OREGON CITY | OR | 97045 | 501(C)(14) |
| RIVERMARK COMMUNITY CREDIT UNION | |||||||||
| FIXED ASSETS | 2024-09-30 | $69,269,730 | N/A - FOR ACCOUNTING, RIVERMARK MERGED INTO ADVANTIS | 936024307 | 14405 MEYERS RD | OREGON CITY | OR | 97045 | 501(C)(14) |
| RIVERMARK COMMUNITY CREDIT UNION | |||||||||
| ACCUMULATED DEPRECIATION | 2024-09-30 | -$17,059,925 | N/A - FOR ACCOUNTING, RIVERMARK MERGED INTO ADVANTIS | 936024307 | 14405 MEYERS RD | OREGON CITY | OR | 97045 | 501(C)(14) |
| RIVERMARK COMMUNITY CREDIT UNION | |||||||||
| RIGHT-OF-USE ASSET | 2024-09-30 | $1,301,476 | N/A - FOR ACCOUNTING, RIVERMARK MERGED INTO ADVANTIS | 936024307 | 14405 MEYERS RD | OREGON CITY | OR | 97045 | 501(C)(14) |
| RIVERMARK COMMUNITY CREDIT UNION | |||||||||
| DEPOSITS | 2024-09-30 | -$1,611,557,045 | N/A - FOR ACCOUNTING, RIVERMARK MERGED INTO ADVANTIS | 936024307 | 14405 MEYERS RD | OREGON CITY | OR | 97045 | 501(C)(14) |
| RIVERMARK COMMUNITY CREDIT UNION | |||||||||
| ACCRUED EXPENSES | 2024-09-30 | -$45,846,566 | N/A - FOR ACCOUNTING, RIVERMARK MERGED INTO ADVANTIS | 936024307 | 14405 MEYERS RD | OREGON CITY | OR | 97045 | 501(C)(14) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor | Yes (1) | DirectorOfSuccessorInd |
| Employee Of Successor | Yes (1) | EmployeeOfSuccessorInd |
| Owner Of Successor | 0 | OwnerOfSuccessorInd |
| Receive Compensation | 0 | ReceiveCompensationInd |
| Assets Distributed | 0 | AssetsDistributedInd |
| Required To Notify AG | 0 | RequiredToNotifyAGInd |
| Attorney General Notified | 0 | AttorneyGeneralNotifiedInd |
| Liabilities Paid | 0 | LiabilitiesPaidInd |
| Bonds Outstanding | 0 | BondsOutstandingInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2E: | FormAndLineReferenceDesc |
| Explanation | EXPLANATION OF INVOLVEMENT: ADVANTIS CREDIT UNION WILL BE MERGED AND WILL NO LONGER OPERATE UNDER ITS CURRENT NAME AFTER DECEMBER 31, 2024. AS A PART OF THE MERGER, IT WAS AGREED HALF OF THE OFFICIALS OF BOTH LEGACY INSTITUTIONS WOULD BECOME THE BOARD OF THE SURVIVING INSTITUTION. THE KEY EMPLOYEES WERE ALSO SHARED FROM EACH LEGACY INSTITUTION. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 3 | ADVANTIS CREDIT UNION HAS MERGED WITH RIVERMARK COMMUNITY CREDIT UNION AND CEASED OPERATIONS UNDER THE NAME ADVANTIS CREDIT UNION. AS OF DECEMBER 31, 2024, THE ENTITY WILL NO LONGER FILE UNDER ITS FORMER EIN, AS ALL ASSETS, LIABILITIES, AND OPERATIONS HAVE BEEN TRANSFERRED TO RIVERMARK COMMUNITY CREDIT UNION. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE CREDIT UNION HAS MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH MEMBER HAS ONE VOTE IN ANNUAL ELECTIONS OF MEMBERS OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12 | INTERNAL AUDIT CONDUCTS PERIODIC REVIEWS OF EMPLOYEE AND BOARD ACCOUNTS, REVIEWS TO ENSURE CONTROL RESTRICTIONS ARE IN PLACE IN XP, AND THEY REVIEW FEE WAIVER AND EXPENSE REPORTS. ADDITIONALLY, THE CU ENCOURAGES EMPLOYEES TO REPORT MISCONDUCT AND PROVIDES A MEANS TO DO SO ANONYMOUSLY. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION PROCESS FOR CEO: THE BOARD OF DIRECTORS REVIEWS AN ANNUAL THIRD PARTY SALARY SURVEY FOR THE CEO POSITION AND SETS AN UPDATED SALARY RANGE. COMPENSATION PROCESS FOR OFFICERS AND KEY EMPLOYEES: THIRD PARTY SURVEYS ARE OBTAINED FOR ALL STAFF ON AN ANNUAL BASIS. SALARY RANGES FOR THESE POSITIONS ARE PREPARED BY THE VP OF PEOPLE AND CULTURE AND APPROVED BY THE CEO. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | TRANSFER UPON MERGER -215,546,652. |
Comments