Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST ON LOANS

  total $35,007,787 · related or exempt $35,007,787

• 2b · Program service revenue: INTERCHANGE INCOME

  total $10,943,246 · related or exempt $10,555,169 · unrelated business $388,077

• 2c · Program service revenue: SERVICE CHARGES AND FE

  total $5,769,359 · related or exempt $5,723,664 · unrelated business $45,695

• 2d · Program service revenue: OTHER NON-INTEREST INC

  total $2,246,593 · related or exempt $2,197,653 · unrelated business $48,940

• 2e · Program service revenue: MORTGAGE SALES AND SER

  total $1,499,480 · related or exempt $1,499,480

• 3 · Investment income

  total $8,900,658 · excluded $8,900,658

• 7a · Gross sales of assets other than inventory

  securities $79,767,262 · other assets $47,077,524

• 7b · Less cost or other basis and sales expenses

  securities $79,767,262 · other assets $46,193,963

• 7c · Gain or loss

  securities $0 · other assets $883,561

• 7d · Net gain or loss

  total $883,561 · excluded $883,561

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,821,122

• 6 · Compensation of disqualified persons

  total $1,046,091

• 7 · Other salaries and wages

  total $17,094,145

• 8 · Pension plan contributions

  total $3,120,273

• 9 · Other employee benefits

  total $2,324,653

• 10 · Payroll taxes

  total $2,096,801

• 11b · Fees: legal

  total $85,900

• 11c · Fees: accounting

  total $142,476

• 11g · Fees: other

  total $4,270,601

• 12 · Advertising and promotion

  total $1,594,636

• 13 · Office expenses

  total $2,983,361

• 14 · Information technology

  total $3,496,525

• 16 · Occupancy

  total $1,470,547

• 17 · Travel

  total $571,795

• 19 · Conferences, conventions and meetings

  total $31

• 20 · Interest

  total $4,560,256

• 22 · Depreciation, depletion and amortization

  total $1,415,267

• 24a · Other expenses: PROVISION FOR LOAN LOSS

  total $4,680,055

• 24b · Other expenses: LOAN SERVICING

  total $3,323,847

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $263,977

• 24d · Other expenses: STATE EXAM FEE

  total $87,538

• 24e · All other expenses

  total $786,481

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $18,403,534 · end of year $14,550,800

• 2 · Savings and temporary cash investments

  beginning of year $46,882,888 · end of year $34,498,362

• 7 · Other notes and loans receivable

  beginning of year $562,799,511 · end of year $817,784,080

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,284,016 · end of year $2,861,684

• 10a · Land, buildings and equipment: cost or other basis

  $25,115,501

• 10b · Land, buildings and equipment: accumulated depreciation

  $13,932,652

• 10c · Land, buildings and equipment, net

  beginning of year $10,762,948 · end of year $11,182,849

• 11 · Investments: publicly traded securities

  beginning of year $577,918,160 · end of year $448,174,250

• 12 · Investments: other securities

  beginning of year $1,381,600 · end of year $9,010,855

• 15 · Other assets

  beginning of year $61,475,790 · end of year $62,525,913

• 17 · Accounts payable and accrued expenses

  beginning of year $16,220,624 · end of year $19,147,523

• 19 · Deferred revenue

  beginning of year $1,753,017 · end of year $980,556

• 21 · Escrow or custodial account liability

  beginning of year $2,847,077 · end of year $3,992,014

• 23 · Secured mortgages and notes payable

  beginning of year $500,000 · end of year $175,000,000

• 25 · Other liabilities

  beginning of year $1,147,950,884 · end of year $1,137,453,233

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $113,636,845 · end of year $64,015,467

The filer's explanations (Part III)

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 $229,215 FOR HIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2022. TOTAL CONTRIBUTIONS OF $78,439 AND TOTAL DISTRIBUTIONS OF $63,724 WERE ISSUED TO THE PLAN DURING 2022. BRIAN GRIFFIS, CHIEF FINANCIAL OFFICER, HAS EARNED $284,030 FOR HIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2022. TOTAL CONTRIBUTIONS OF $95,332 AND TOTAL DISTRIBUTIONS OF $0 WERE ISSUED TO THE PLAN DURING 2022. CORI POLAND, CHIEF EXPERIENCE OFFICER, HAS EARNED $269,192 FOR HER SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2022. TOTAL CONTRIBUTIONS OF $90,388 AND TOTAL DISTRIBUTIONS OF $0 WERE ISSUED TO THE PLAN DURING 2022. ABEN HILL, CHIEF LENDING OFFICER, HAS EARNED $87,905 FOR HIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2022. TOTAL CONTRIBUTIONS OF $87,905 AND TOTAL DISTRIBUTIONS OF $0 WERE ISSUED TO THE PLAN DURING 2022.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• RIVERMARK INSURANCE AGENCY LLC

  INSURANCE AGENCY · OR · income $56,545 · assets $435,707

  Directly controlled by RIVERMARK COMMUNITY CREDIT UNION