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Nonprofiteer
← RIVERMARK COMMUNITY CREDIT UNION

Form 990 for tax year 2024

Filed by RIVERMARK COMMUNITY CREDIT UNION.

Totals

Total revenue
$104,238,722
Total expenses
$105,941,021
Contributions and grants received
$0
Grants paid
$152,911
Program service revenue
$77,419,401
Investment income
$26,819,321
Other revenue
$0
Total assets, end of year
$3,331,651,060
Total liabilities, end of year
$3,031,151,431
Net assets or fund balances, end of year
$300,499,629
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: INTEREST ON LOANS

    total $58,953,653 · related or exempt $58,953,653

  • 2b · Program service revenue: INTERCHANGE INCOME

    total $10,676,762 · related or exempt $10,611,780 · unrelated business $64,982

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

    total $6,609,492 · related or exempt $6,556,658 · unrelated business $52,834

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

    total $1,378,340 · related or exempt $758,731 · unrelated business $619,609

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

    total -$198,846 · related or exempt -$198,846

  • 3 · Investment income

    total $28,569,373 · excluded $28,569,373

  • 7a · Gross sales of assets other than inventory

    securities $46,507,689 · other assets $196,846

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

    securities $48,454,587 · other assets $0

  • 7c · Gain or loss

    securities -$1,946,898 · other assets $196,846

  • 7d · Net gain or loss

    total -$1,750,052 · excluded -$1,750,052

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $149,561

  • 2 · Grants to domestic individuals

    total $3,350

  • 5 · Compensation of officers, directors and key employees

    total $6,084,441

  • 7 · Other salaries and wages

    total $18,206,604

  • 8 · Pension plan contributions

    total $3,542,127

  • 9 · Other employee benefits

    total $2,375,322

  • 10 · Payroll taxes

    total $2,477,963

  • 11b · Fees: legal

    total $87,144

  • 11c · Fees: accounting

    total $96,503

  • 11g · Fees: other

    total $4,836,386

  • 12 · Advertising and promotion

    total $1,774,710

  • 13 · Office expenses

    total $5,499,599

  • 14 · Information technology

    total $4,197,078

  • 16 · Occupancy

    total $1,513,235

  • 17 · Travel

    total $558,907

  • 20 · Interest

    total $32,181,993

  • 22 · Depreciation, depletion and amortization

    total $1,294,524

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $15,361,116

  • 24b · Other expenses: LOAN SERVICING

    total $3,831,022

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $350,032

  • 24d · Other expenses: STATE EXAM FEE

    total $97,474

  • 24e · All other expenses

    total $1,421,930

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,499,282 · end of year $170,423,938

  • 2 · Savings and temporary cash investments

    beginning of year $97,651,560 · end of year $209,930,166

  • 5 · Loans and receivables from officers and key people

    end of year $29,739,656

  • 7 · Other notes and loans receivable

    beginning of year $845,138,577 · end of year $2,129,141,511

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,023,655 · end of year $4,415,186

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

    $93,312,255

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

    $28,408,604

  • 10c · Land, buildings and equipment, net

    beginning of year $11,435,244 · end of year $64,903,651

  • 11 · Investments: publicly traded securities

    beginning of year $418,614,724 · end of year $556,511,367

  • 12 · Investments: other securities

    beginning of year $3,555,637 · end of year $25,293,611

  • 15 · Other assets

    beginning of year $57,295,941 · end of year $141,291,974

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,279,418 · end of year $34,720,924

  • 19 · Deferred revenue

    beginning of year $683,890 · end of year $387,223

  • 21 · Escrow or custodial account liability

    beginning of year $4,037,572 · end of year $4,069,274

  • 23 · Secured mortgages and notes payable

    beginning of year $155,000,000 · end of year $50,000,000

  • 25 · Other liabilities

    beginning of year $1,185,035,905 · end of year $2,941,974,010

  • 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 $80,177,835 · end of year $300,499,629

Mission and programs · 2024

Mission

PROVIDE QUALITY FINANCIAL SERVICES, PRODUCTS AND SUPPORT FOR MEMBERS IN THE LOCAL COMMUNITIES WE SERVE.

Activities or mission (Part I)

CONDUCTING CREDIT UNION FINANCIAL SERVICES FOR A MEMBER OWNED FINANCIAL COOPERATIVE.

  • PROVIDED FINANCIAL SERVICES TO 179,805 MEMBERS, INCLUDING SHARE DEPOSITS AND LOANS.

As filed on the 2024 return.

Listed in Part VII

  • KIM BICKFORD

    VICE CHAIR

    Total calculated
    $44,000
    From this org
    $44,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • JOSH STEPHENSON

    DIRECTOR

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • GLORIA ZABEL

    DIRECTOR

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • BRETT BRYANT

    DIRECTOR

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • JESUS MIGUEL PALOMARES

    DIRECTOR

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • TARUN GUDZ

    CHAIR

    Total calculated
    $6,375
    From this org
    $6,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • AMANDA OWINGS

    DIRECTOR

    Total calculated
    $5,208
    From this org
    $5,208
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • TRACI ROSSI

    SECRETARY/TREASURER

    Total calculated
    $4,500
    From this org
    $4,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • TAMMY TESKE

    DIRECTOR, GOVERNANCE COMMITTEE CHAIR

    Total calculated
    $4,500
    From this org
    $4,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • BRYAN SIMS

    DIRECTOR

    Total calculated
    $4,500
    From this org
    $4,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • JAKE JENSEN

    DIRECTOR

    Total calculated
    $4,208
    From this org
    $4,208
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • NATHAN MORALES

    ASSOCIATE DIRECTOR

    Total calculated
    $2,908
    From this org
    $2,908
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • PATRICK HAGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GARY FRAYN

    DIRECTOR (THRU 9/24)

    Total calculated
    $13,750
    From this org
    $13,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • ROB LAVIGNE

    DIRECTOR (THRU 9/24)

    Total calculated
    $13,750
    From this org
    $13,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • STEVEN HOLLAND

    DIRECTOR (THRU 9/24)

    Total calculated
    $14,750
    From this org
    $14,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • KERRI LEATHERS IZUNAGBARA

    DIRECTOR (THRU 9/24)

    Total calculated
    $17,500
    From this org
    $17,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • IAN CAMPBELL

    DIRECTOR (THRU 9/24)

    Total calculated
    $8,250
    From this org
    $8,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • SETH SCHAEFER

    EVP/CHIEF IMPACT OFFICER

    Total calculated
    $890,606
    From this org
    $838,260
    From related orgs
    $0
    Other
    $52,346
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $610,314
    Bonus
    $227,044
    Other
    $902
    Deferred
    $44,300
    Nontaxable benefits
    $8,046
    Filer's total
    $890,606

  • CORI POLAND

    CHIEF RETAIL OFFICER

    Total calculated
    $360,385
    From this org
    $319,307
    From related orgs
    $0
    Other
    $41,078
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $276,536
    Bonus
    $41,195
    Other
    $1,576
    Deferred
    $33,032
    Nontaxable benefits
    $8,046
    Filer's total
    $360,385

  • STEPHANIE STRIMLING

    CHIEF INFORMATION OFFICER

    Total calculated
    $329,589
    From this org
    $314,851
    From related orgs
    $0
    Other
    $14,738
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $271,379
    Bonus
    $37,407
    Other
    $6,065
    Deferred
    $6,692
    Nontaxable benefits
    $8,046
    Filer's total
    $329,589

  • ABEN HILL

    CHIEF LENDING OFFICER (THRU 6/24)

    Total calculated
    $272,666
    From this org
    $262,786
    From related orgs
    $0
    Other
    $9,880
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,382
    Bonus
    $41,837
    Other
    $98,567
    Deferred
    $6,601
    Nontaxable benefits
    $3,279
    Filer's total
    $272,666

  • JASON WERTS

    PRESIDENT/CEO

    Total calculated
    $208,268
    From this org
    $196,880
    From related orgs
    $0
    Other
    $11,388
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,517
    Bonus
    $30,609
    Other
    $7,754
    Deferred
    $6,038
    Nontaxable benefits
    $5,350
    Filer's total
    $208,268

  • GREG SPEAR

    CHIEF FINANCIAL OFFICER

    Total calculated
    $162,129
    From this org
    $153,604
    From related orgs
    $0
    Other
    $8,525
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $96,002
    Bonus
    $19,947
    Other
    $37,655
    Deferred
    $4,935
    Nontaxable benefits
    $3,590
    Filer's total
    $162,129

  • KELI MYERS

    CHIEF OPERATING OFFICER

    Total calculated
    $123,258
    From this org
    $112,400
    From related orgs
    $0
    Other
    $10,858
    Hours/week
    40

  • CHRIS GROSHKO

    CHIEF EXPERIENCE OFFICER

    Total calculated
    $115,237
    From this org
    $106,027
    From related orgs
    $0
    Other
    $9,210
    Hours/week
    40

  • JOHN NICHOLS

    SVP OF MARKETING

    Total calculated
    $82,460
    From this org
    $76,514
    From related orgs
    $0
    Other
    $5,946
    Hours/week
    40

  • JENNIFER MCMURRAY

    VP OF STRATEGY & ADVOCACY

    Total calculated
    $64,880
    From this org
    $57,225
    From related orgs
    $0
    Other
    $7,655
    Hours/week
    40

  • JEREMY CALVA

    CHIEF RISK OFFICER

    Total calculated
    $297,587
    From this org
    $285,126
    From related orgs
    $0
    Other
    $12,461
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,144
    Bonus
    $23,681
    Other
    $2,301
    Deferred
    $4,415
    Nontaxable benefits
    $8,046
    Filer's total
    $297,587

  • DAVID NOBLE

    CHIEF MARKETING OFFICER

    Total calculated
    $304,866
    From this org
    $286,574
    From related orgs
    $0
    Other
    $18,292
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,542
    Bonus
    $35,991
    Other
    $3,041
    Deferred
    $10,246
    Nontaxable benefits
    $8,046
    Filer's total
    $304,866

  • RYAN HALLEY

    SVP FINANCIAL WELLNESS

    Total calculated
    $230,411
    From this org
    $214,027
    From related orgs
    $0
    Other
    $16,384
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,938
    Bonus
    $28,102
    Other
    $987
    Deferred
    $8,338
    Nontaxable benefits
    $8,046
    Filer's total
    $230,411

  • MICKEY BEARD

    VP LENDING

    Total calculated
    $246,737
    From this org
    $219,751
    From related orgs
    $0
    Other
    $26,986
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,432
    Bonus
    $19,754
    Other
    $11,565
    Deferred
    $18,940
    Nontaxable benefits
    $8,046
    Filer's total
    $246,737

  • BRIAN GREENFIELD

    VP DATA, DEVELOPMENT & GOVERNANCE

    Total calculated
    $218,981
    From this org
    $210,728
    From related orgs
    $0
    Other
    $8,253
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,614
    Bonus
    $26,076
    Other
    $2,038
    Deferred
    $8,253
    Nontaxable benefits
    $0
    Filer's total
    $218,981

  • RANDY BRESEE

    VP F&RC LEADER

    Total calculated
    $210,771
    From this org
    $194,947
    From related orgs
    $0
    Other
    $15,824
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,782
    Bonus
    $24,991
    Other
    $8,174
    Deferred
    $7,778
    Nontaxable benefits
    $8,046
    Filer's total
    $210,771

  • MARK KAYDO

    VP BUSINESS SERVICES (THRU 12/24)

    Total calculated
    $209,941
    From this org
    $195,835
    From related orgs
    $0
    Other
    $14,106
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,132
    Bonus
    $23,797
    Other
    $12,906
    Deferred
    $6,060
    Nontaxable benefits
    $8,046
    Filer's total
    $209,941

  • CHERYL MCCARTHY

    VP PRODUCT DEVELOPMENT & MGMT

    Total calculated
    $201,119
    From this org
    $185,818
    From related orgs
    $0
    Other
    $15,301
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,472
    Bonus
    $23,996
    Other
    $1,350
    Deferred
    $7,255
    Nontaxable benefits
    $8,046
    Filer's total
    $201,119

  • AMY ZIMMERMAN

    VP, FP&A (THRU 11/24)

    Total calculated
    $200,714
    From this org
    $186,435
    From related orgs
    $0
    Other
    $14,279
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,752
    Bonus
    $22,963
    Other
    $23,720
    Deferred
    $6,233
    Nontaxable benefits
    $8,046
    Filer's total
    $200,714

  • MICHELE CHIRGWIN

    AVP ENTERPRISE RISK MGMT

    Total calculated
    $176,414
    From this org
    $162,024
    From related orgs
    $0
    Other
    $14,390
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,756
    Bonus
    $19,715
    Other
    $1,553
    Deferred
    $6,344
    Nontaxable benefits
    $8,046
    Filer's total
    $176,414

  • TRACEY SCHERADELLA

    VP MORTGAGE LENDING

    Total calculated
    $204,393
    From this org
    $196,347
    From related orgs
    $0
    Other
    $8,046
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,020
    Bonus
    $25,459
    Other
    $3,868
    Deferred
    $0
    Nontaxable benefits
    $8,046
    Filer's total
    $204,393

  • RODNEY BEARD

    INFORMATION SECURITY OFFICER

    Total calculated
    $185,084
    From this org
    $177,654
    From related orgs
    $0
    Other
    $7,430
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,358
    Bonus
    $21,163
    Other
    $1,133
    Deferred
    $6,949
    Nontaxable benefits
    $481
    Filer's total
    $185,084

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

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 4B
SETH SCHAEFER, EVP/CHIEF IMPACT OFFICER, HAS EARNED $1,875,107 FOR HIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2024. TOTAL CONTRIBUTIONS OF $307,518 AND TOTAL DISTRIBUTIONS OF $78,439 WERE ISSUED TO THE PLAN DURING 2024. CORI POLAND, CHIEF RETAIL OFFICER, HAS EARNED $429,896 FOR HER SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2024. TOTAL CONTRIBUTIONS OF $93,226 AND TOTAL DISTRIBUTIONS OF $0 WERE ISSUED TO THE PLAN DURING 2024. STEPHANIE STRIMLING, CHIEF INNOVATION OFFICER, HAS EARNED $215,933 FOR HIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2024. TOTAL CONTRIBUTIONS OF $108,312 AND TOTAL DISTRIBUTIONS OF $0 WERE ISSUED TO THE PLAN DURING 2024. DAVID NOBLE, CHIEF MARKETING OFFICER, HAS EARNED $225,687 FOR HIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2024. TOTAL CONTRIBUTIONS OF $113,174 AND TOTAL DISTRIBUTIONS OF $0 WERE ISSUED TO THE PLAN DURING 2024. JEREMY CALVA, CHIEF RISK OFFICER, HAS EARNED $136,599 FOR HIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS OF 12/31/2024. TOTAL CONTRIBUTIONS OF $136,599 AND TOTAL DISTRIBUTIONS OF $0 WERE ISSUED TO THE PLAN DURING 2024. GREG SPEAR, CHIEF FINANCIAL OFFICER, PARTICIPATES IN A 457(F) DEFERRED COMPENSATION AGREEMENT. TOTAL DISTRIBUTIONS OF $150,000 WERE ISSUED TO THE PLAN DURING 2024.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202513179349306066

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