2025-11-13T18:54:46-06:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 930444581 OREGON STATE CREDIT UNION OREG 5417144000 4800 SW RESEARCH WAY CORVALLIS OR 97333 BOBBIE L WARNER INTERIM CFO 5417144361 2025-11-07 1 0 AUBREY CLEGG P01076395 3052328272 2025-11-07 2024 2025-03-06 01:10:19Z GARY SCHUETTE II 4800 SW RESEARCH WAY CORVALLIS OR 97333 144124502 0 X WWW.OREGONSTATECU.COM X 1954 OR PROVIDES FINANCIAL SERVICES TO MEMBERSHIP. 11 11 370 0 398670 0 0 0 85719117 101162681 12162646 26181196 16239226 16773567 114120989 144117444 283465 289041 0 0 32896003 34441436 0 0 0 61556109 88605776 94735577 123336253 19385412 20781191 2166247809 2568921226 1966977027 2342192714 199270782 226728512 OUR VISION IS TO CREATE FINANCIAL SOLUTIONS TO MAKE LIVES BETTER. 0 0 THE CREDIT UNION CONTINUED TO FULFILL ITS EXPEMPT PURPOSE BY PROVIDING CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, OFFERING COMPETITIVE SHARE DEPOSIT PRODUCTS, AND PROVIDING MEMBERS WITH THE OPPORTUNITY TO IMPROVE THEIR ECONOMIC CONDITION. AS OF DECEMBER 31, 2024, THE CREDIT UNION HAD APPROXIMATELY 146,659 MEMBERS, OF WHICH 67,495 MEMBERS HAVE ACTIVE LOANS. THE TOTAL NUMBER OF DEPOSIT AND SHARE ACCOUNTS WAS 298,589 AND THE TOTAL NUMBER OF LOANS OUTSTANDING WAS 87,025 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 37272 0 1 370 1 1 1 0 0 0 0 0 1 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X BOBBIE L WARNER 5417144000 4800 SW RESEARCH WAY CORVALLIS OR 97333 ANA LUCIA FONSECA TAPIA DIRECTOR 1.00 X 15667 0 0 JAMIE HUGHES DIRECTOR 1.00 X 16333 0 0 JAY CONROY DIRECTOR 1.00 X 15864 0 0 JONATHAN SASSAMAN DIRECTOR 1.00 X 12333 0 0 MARY BETH ALTMANN HUGHES DIRECTOR 1.00 X 17792 0 0 MICHAEL GREEN DIRECTOR 1.00 X 19204 0 0 NADINE DAVISON DIRECTOR 1.00 X 15667 0 0 REBECCA BADGER DIRECTOR 1.00 X 19204 0 0 TIM ROCAK DIRECTOR 1.00 X 16004 0 0 KELLEY KAISER BOARD CHAIRPERSON 1.00 X 24875 0 0 CARL BRITSCH DIRECTOR 1.00 X 7744 0 0 HEIN RICHARD S PRESIDENT/CEO 40.00 X 1192626 0 45420 SCHUETTE II GARY E PRESIDENT/CEO 40.00 X 579538 0 17632 PETERSON JAMES D EXEC VP/CFO 40.00 X 377797 0 55639 ROE LAURIE A EXEC VP/CCXO 40.00 X 329425 0 145584 SATHER KIM EXEC VP/CIO 40.00 X 307880 0 38996 GIBSON JAMES D EXEC VP/COO 40.00 X 305583 0 100936 HEILE-BROWN RHONDA L EXECUTIVE VP/COO 40.00 X 657481 0 35947 BRANNEN JAMES LEE SR VP/GENERAL COUNSEL 40.00 X 294661 0 63741 WHISENHUNT JOSHUAH C SR VP FINANCIAL SERVICES 40.00 X 277841 0 75971 JACKSON PAIGE DIANE VP OF HUMAN RESOURCES 40.00 X 249429 0 40888 SHIRLEY TIFFANY M VP OF RISK MANAGEMENT 40.00 X 224720 0 42424 WALKER PETER J VP ORGANIZATIONAL DEVELOPMENT 40.00 X 211199 0 42368 POTURICH MICHELLE FINANCIAL ADVISOR 40.00 X 230765 0 37826 5419632 0 743372 72 0 1 0 PSCU FINANCIAL SERVICES DDA 560 CARILLON PKWY ST PETERSBURG FL 33716 TRANSACTION PROCESSING 2813970 VISA USA INC PO BOX 742233 LOS ANGELES CA 90074 VISA DEBIT AND CREDIT PROCESSING 1470801 INFOIMAGE 141 JEFFERSON DRIVE MENLO PARK CA 94025 STATEMENT PROCESSING 1301550 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 ONLINE BANKING 1114966 CORELATION INC 2305 HISTORIC DECATUR RD SAN DIEGO CA 92106 CORE SOFTWARE SERVICE 814300 57 INCOME ON LOANS 522100 94812177 94812177 FEES AND CHARGES 522100 5951834 5951834 UNRELATED BUSINESS INC 520000 398670 398670 101162681 26150323 26150323 37931 7058 30873 30873 30873 INTERCHANGE INCOME 522100 13631821 13631821 OTHER INCOME 522100 2538278 2538278 MORTGAGE SERVICING RIG 522100 603468 603468 16773567 144117444 143718774 398670 0 X 212424 76617 4729573 19015050 2575831 5834358 2286624 9361 182711 226396 7505318 1547187 3831127 1798621 4157683 65655 360532 43134776 1981747 180798 PROVISION FOR LOAN LOSS 19454392 OTHER LOAN EXPENSES 3760467 ATM EXPENSES 248769 OPERATING FEES 160236 123336253 17652897 16569709 91025886 342852143 4914386 287567 1420298195 1595832547 2346934 2670112 62987268 24090726 39983829 38896542 500277511 461166692 9149297 20829747 80598874 89816167 2166247809 2568921226 29194944 20060635 2463579 2432401 250000000 1935318504 2069699678 1966977027 2342192714 X 0 0 0 0 0 0 199270782 226728512 2166247809 2568921226 X 20781191 6910166 -233627 X X 0 1 X 1 0 0 1 X 8773257 8773257 39983698 12478476 27505222 14230313 11612250 2618063 38896542 IRA/HEALTH SAVINGS ACCOUNTS 25681589 MONEY MARKET ACCOUNTS 655196385 SHARE AND IRA CERTIFICATES 468648065 SHARE DRAFTS 526298779 SHARES 393874860 2069699678 X 144117444 0 144117444 0 144117444 123336253 0 123336253 0 123336253 PART IV, LINE 2B: THE CREDIT UNION COLLECTS (ON A MONTHLY BASIS) PAYMENT FROM THEIR MEMBERS WITH MORTGAGE LOANS OUTSTANDING. AS STIPULATED BY THE AGREEMENT SIGNED BY BOTH PARTIES, THE MONTHLY PAYMENT FOR EACH MEMBER INLCUDES PRINCIPAL, INTEREST, AND ESCROWS. ESCROWS ARE USED TO PAY TAXES AND INSURANCE ON THE PROPERTY. PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. 1 PEACHHEALTH SACRED HEART PO BOX 10905 EUGENE OR 97440 936026548 501(C)(3) 33200 0 TO SUPPORT PEDIATRIC HEALTHCARE SERVICES AND PROVIDE VITAL RESOURCES FOR CHILDREN AND FAMILIES IN NEED OF MEDICAL CARE OREGON HEALTH AND SCIENCE UNIVERSITY FOUNDATION PO BOX 29017 PORTLAND OR 97296 237083114 501(C)(3) 20700 0 TO ADVANCE MEDICALRESEARCH, EDUCATION, AND PATIENT CARE IMNITIATIVES THAT BENEFIT THE HEALTH OF THE COMMUNITY OREGON STATE UNIVERSITY FOUNDATION 850 SW 35 STREET CORVALLIS OR 97333 936022772 501(C)(3) 22500 0 TO INVEST IN HIGHER EDUCATION BY FUNDING SCHOLARSHIPS, ACADEMIC PROGRMAS, AND CAMPUS IMPROVEMENTS FOR STUDENTS LINN-BENTON COMMUNITY COLLEGE FOUNDATION 6500 PACIFIC BLVD SW ALBANY OR 97321 237212073 501(C)(3) 7700 0 TO EXPAND ACCESS TO EDUACTION AND PROVIDE FINANCIAL ASSITANCE TO STUDENTS PURSUING WORKFORCE TRAINING AND ACADEMIC PROGRAMS WESTERN OREGON UNIVERSITY FOUNDATION 345 MONMOUTH AVE N MONMOUTH OR 97361 936033807 501(C)(3) 23500 0 TO STRENGTHEN EDUCATIONAL OPPORTUNITIES AND ENHANCE STUDENT SUCCES THROUGH SCHOLARSHIPS AND PROGRA SUPPORT METRO AFFORDABLE HOUSING PO BOX 451031 LAREDO TX 78045 742722512 501(C)(3) 30000 0 TO EXPAND ACCESS TO SAFE AND AFFORDABLE HOUSING FOR LOW INCOME FAMILIES FILENE 5910 MINERAL POINT ROAD MADISON WI 53705 391645910 501(C)(3) 15000 0 TO STRENGTHEN THE CREDIT UNION MOVEMENT THROUGH RESEARCH, INNOVATION, AND COMMUNITY IMPACT INITIATIVES CHILDREN'S MIRACLE NETWORK 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 870387205 501(C)(3) 15000 0 TO PROVIDE CRITICAL HEALTHCARE RESOURCES AND SUPPORT CHILDREN AND FAMILIES IN NEED 8 0 SCHOLARSHIPS 15 30000 PART I, LINE 2: TLT (TEEN) MEMBERS IN GOOD STANDING WITH THE CU MAY SUBMIT A SCHOLARSHIP APPLICATION. 15 RECIPIENTS WERE SELECTED DURING 2024 BASED ON GRADES, VOLUNTEERISM, COMMUNITY SERVICE, SCHOOL ACTIVITIES, NON-SCHOOL CLUBS AND ACCOUNTS PER MEMBER. EACH SCHOLARSHIP RECIPIENT MUST PROVIDE PROOF OF FALL ENROLLMENT AT A COLLEGE OR UNIVERSITY. THE SELECTION AND AWARD PROCESS IS DOCUMENTED IN THE CREDIT UNION'S POLICIES/PROCEDURES. RECORDS OF SELECTION IS MAINTAINED FOR A MINIMUM OF THREE YEARS. X X X X 0 1 0 HEIN RICHARD S PRESIDENT/CEO 983275 0 207402 0 1949 0 40538 0 4882 0 1238046 0 0 0 HEILE-BROWN RHONDA L EXECUTIVE VP/COO 177784 0 90050 0 389647 0 31893 0 4054 0 693428 0 384600 0 SCHUETTE II GARY E PRESIDENT/CEO 478413 0 101125 0 0 0 6440 0 11192 0 597170 0 0 0 ROE LAURIE A EXEC VP/CCXO 270121 0 54190 0 5114 0 131296 0 14288 0 475009 0 0 0 PETERSON JAMES D EXEC VP/CFO 313669 0 61087 0 3041 0 40537 0 15102 0 433436 0 0 0 GIBSON JAMES D EXEC VP/COO 265266 0 40317 0 0 0 86227 0 14709 0 406519 0 0 0 BRANNEN JAMES LEE SR VP/GENERAL COUNSEL 256458 0 37262 0 941 0 51809 0 11932 0 358402 0 0 0 WHISENHUNT JOSHUAH C SR VP FINANCIAL SERVICES 237741 0 35604 0 4496 0 64480 0 11491 0 353812 0 0 0 SATHER KIM EXEC VP/CIO 269853 0 38027 0 0 0 24605 0 14391 0 346876 0 0 0 JACKSON PAIGE DIANE VP OF HUMAN RESOURCES 222606 0 26823 0 0 0 29375 0 11513 0 290317 0 0 0 POTURICH MICHELLE FINANCIAL ADVISOR 229265 0 1500 0 0 0 27088 0 10738 0 268591 0 0 0 SHIRLEY TIFFANY M VP OF RISK MANAGEMENT 195467 0 25288 0 3965 0 27724 0 14700 0 267144 0 0 0 WALKER PETER J VP ORGANIZATIONAL DEVELOPMENT 182497 0 23823 0 4879 0 26437 0 15931 0 253567 0 0 0 PART I, LINE 4B CERTAIN MEMBERS OF THE EXECUTIVE LEADERSHIP PARTICIPATE IN NON-QUALIFIED RETIREMENT PLANS. THE FOLLOWING REPRESENT THE AMOUNTS ACCRUED FOR EACH PARTICIPANT DURING THE YEAR ENDED DECEMBER 31, 2024: R. HEIN: 457F SERP $0 R. HEILE-BROWN: 457F SERP $0 J. GIBSON: 457F SERP: $49,451 L. ROE: 457F SERP: $91,685 J. BRANNEN: 457F SERP: $17,687 J. WHISENHUNT: 457F SERP: $31,772 RHONDA L HEILE-BROWN'S W-2 COMPENSATION INCLUDES THE $384,000 IN 457F BENEFITS FOR WHICH SUBSTANTIAL RISK OF FORFEITURE LAPSED DURING 2024. RHONDA'S BENEFITS WILL CASHFLOW IN ANNUAL INSTALLMENTS OVER THE NEXT SEVERAL YEARS. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS THE FORM 990 IN DETAIL BEFORE FILING. ADDITIONALLY, THE FORM 990 IS PROVIDED TO THE MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILING. THE MEMBERS OF THE BOARD OF DIRECTORS ARE GIVEN SUFFICIENT TIME TO SUBMIT ANY QUESTIONS REGARDING THE RETURN AS WELL AS RECEIVE ANSWERS TO THEIR QUESTIONS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS ENFORCED IN TWO WAYS - 1) UPON HIRING, EMPLOYEES ARE REQUIRED TO READ AND CERTIFY THEIR ACCEPTANCE OF THE POLICY, AND 2) ANNUALLY EXPECTATIONS INCLUDING CONFLICT OF INTEREST ARE REVIEWED WITH ALL STAFF INCLUDING A REMINDER TO UPDATE DISCLOSURE OF CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS THIRD PARTY SALARY FOR THE CEO POSITION AND WORKS WITH THIRD PARTY TO PREPARE A PERFORMANCE REVIEW AND COMPENSATION PLAN. THIRD PARTY SALARY INFORMATION IS USED TO CREATE SALARY RANGES AND PERFORMANCE INCREASES ARE DETERMINED WITHOUT THIRD PARTY ASSISTANCE. FOR OTHER KEY POSITIONS, THIRD PARTY SALARY INFORMATION IS USED TO CREATE SALARY RANGES. PERFORMANCE INCREASES ARE DETERMINED WITHOUT THIRD PARTY ASSISTANCE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON WWW.NCUA.GOV VIA THE QUARTERLY 5300 FILING. FORM 990, PART IX, LINE 11G OUTSIDE SERVICES - BOARD CONSULTING 221,167. OUTSIDE SERVICES - CALL CENTER SUPPORT 580,660. OUTSIDE SERVICES - CHECK PROCESSING 146,354. OUTSIDE SERVICES - COURIER 161,183. OUTSIDE SERVICES - DEBIT CARD PROCESSING 2,751,111. OUTSIDE SERVICES - HR PAYROLL ACTUARIAL 314,495. OUTSIDE SERVICES - NETWORK 346,045. OUTSIDE SERVICES - NEW ACCOUNT RECORD SEARCH 121,782. OUTSIDE SERVICES - OTHER 1,067,603. OUTSIDE SERVICES - PROCESSING ATM & DEBIT PIN 418,517. OUTSIDE SERVICES - STATEMENT PROCESSING 1,019,745. OUTSIDE SERVICES - UNDERWRITING 217,185. OUTSIDE SERVICES - VISA STATEMENT PROCESSING 139,471. FORM 990, PART XI, LINE 9: UNREALIZED HOLDING GAINS/(LOSSES) ON POST RETIREMENT BENEFIT ASSETS -233,627. PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITORS. OSU FINANCIAL SERVICES LLC 4800 SW RESEARCH WAY CORVALLIS OR 97339 931101064 INSURANCE PRODUCTS OR 278913 226672 OREGON STATE CREDIT UNION