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Nonprofiteer
← OREGON COMMUNITY CREDIT UNION

Form 990 for tax year 2023

Filed by OREGON COMMUNITY CREDIT UNION.

Totals

Total revenue
$210,831,275
Total expenses
$209,659,372
Contributions and grants received
$0
Grants paid
$415,522
Program service revenue
$200,079,242
Investment income
$10,752,033
Other revenue
$0
Total assets, end of year
$3,335,054,668
Total liabilities, end of year
$3,017,837,163
Net assets or fund balances, end of year
$317,217,505
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/VISA

    total $159,062,002 · related or exempt $159,062,002

  • 2b · Program service revenue: FEES AND CHARGES

    total $12,161,516 · related or exempt $12,161,516

  • 2c · Program service revenue: VISA/ATM INTERCHANGE I

    total $6,713,513 · related or exempt $6,614,023 · unrelated business $99,490

  • 2d · Program service revenue: CREDIT CARD INTERCHANG

    total $2,097,956 · related or exempt $2,097,956

  • 2e · Program service revenue: LOAN PARTICIPATION

    total -$2,327,987 · related or exempt -$2,327,987

  • 2f · All other program service revenue

    total $22,372,242 · related or exempt $22,372,242

  • 3 · Investment income

    total $11,397,128 · excluded $11,397,128

  • 7a · Gross sales of assets other than inventory

    other assets $14,378

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

    securities $659,473 · other assets $0

  • 7c · Gain or loss

    securities -$659,473 · other assets $14,378

  • 7d · Net gain or loss

    total -$645,095 · excluded -$645,095

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $415,522

  • 5 · Compensation of officers, directors and key employees

    total $3,291,488

  • 7 · Other salaries and wages

    total $45,381,834

  • 8 · Pension plan contributions

    total $3,928,576

  • 9 · Other employee benefits

    total $6,396,847

  • 10 · Payroll taxes

    total $4,181,361

  • 11b · Fees: legal

    total $347,735

  • 11c · Fees: accounting

    total $619,887

  • 11g · Fees: other

    total $2,948,809

  • 12 · Advertising and promotion

    total $4,189,366

  • 13 · Office expenses

    total $2,791,142

  • 14 · Information technology

    total $4,658,781

  • 16 · Occupancy

    total $3,097,016

  • 17 · Travel

    total $425,774

  • 19 · Conferences, conventions and meetings

    total $89,448

  • 20 · Interest

    total $60,630,411

  • 22 · Depreciation, depletion and amortization

    total $4,068,858

  • 23 · Insurance

    total $768,248

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $43,169,998

  • 24b · Other expenses: LOAN SERVICING EXPENSE

    total $10,035,258

  • 24c · Other expenses: BAD DEBT & OPERATING

    total $8,223,013

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,268,188 · end of year $8,463,386

  • 2 · Savings and temporary cash investments

    beginning of year $143,240,800 · end of year $202,907,289

  • 4 · Accounts receivable

    beginning of year $681,281 · end of year $826,681

  • 5 · Loans and receivables from officers and key people

    beginning of year $57,301,879 · end of year $58,899,163

  • 7 · Other notes and loans receivable

    beginning of year $3,036,826,727 · end of year $2,969,370,957

  • 9 · Prepaid expenses and deferred charges

    beginning of year $136,155,334 · end of year $23,108,701

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

    $51,637,322

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

    $33,956,006

  • 10c · Land, buildings and equipment, net

    beginning of year $18,928,811 · end of year $17,681,316

  • 12 · Investments: other securities

    beginning of year $39,054,112 · end of year $40,448,784

  • 15 · Other assets

    beginning of year $20,568,624 · end of year $13,348,391

  • 17 · Accounts payable and accrued expenses

    beginning of year $589,029,478 · end of year $328,295,034

  • 19 · Deferred revenue

    beginning of year $543,384 · end of year $288,643

  • 25 · Other liabilities

    beginning of year $2,555,034,267 · end of year $2,689,253,486

  • 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 $316,418,627 · end of year $317,217,505

Mission and programs · 2023

Mission

THE PURPOSE OF OREGON COMMUNITY CREDIT UNION IS TO ASSIST OUR MEMBERS IN MAKING BENEFICIAL LONG-TERM FINANCIAL DECISIONS BY PROVIDING THEM WITH COMPETITIVE DEPOSIT AND LOAN PRODUCTS.

Activities or mission (Part I)

TO ASSIST OUR MEMBERS IN MAKING BENEFICIAL LONG-TERM FINANCIAL DECISIONS.

  • PROMOTING THE FINANCIAL WELLBEING AND THRIFT OF 264,575 MEMBERS DURING 2023 BY PROVIDING LOAN AND SAVINGS SERVICES AT COMPETITIVE RATES.

As filed on the 2023 return.

Listed in Part VII

  • BILL INGE

    BOARD CHAIR

    Total calculated
    $35,760
    From this org
    $35,760
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • JEANINE JENSEN

    BOARD VICE CHAIR

    Total calculated
    $32,688
    From this org
    $32,688
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • BEVERLY ANDERSON

    BOARD SECRETARY

    Total calculated
    $29,789
    From this org
    $29,789
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • GENEVIEVE PARKER

    BOARD DIRECTOR

    Total calculated
    $26,783
    From this org
    $26,783
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • JACOB SIEGEL

    BOARD DIRECTOR

    Total calculated
    $26,116
    From this org
    $26,116
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • THOMAS LARSON

    BOARD DIRECTOR

    Total calculated
    $25,783
    From this org
    $25,783
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • BRANDON ROGERS

    BOARD DIRECTOR

    Total calculated
    $17,950
    From this org
    $17,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • SCOTT SMITH

    BOARD DIRECTOR

    Total calculated
    $17,950
    From this org
    $17,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • SAM KAMKAR

    BOARD DIRECTOR AS OF 04/23

    Total calculated
    $17,623
    From this org
    $17,623
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • PHILLIP SMITH

    BOARD DIRECTOR AS OF 04/23

    Total calculated
    $11,967
    From this org
    $11,967
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • JOHN GOGOL

    BOARD DIRECTOR THRU 03/23

    Total calculated
    $8,150
    From this org
    $8,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • RONALD NEUMANN

    PRESIDENT & CEO

    Total calculated
    $1,068,689
    From this org
    $1,008,593
    From related orgs
    $0
    Other
    $60,096
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $793,125
    Bonus
    $155,000
    Other
    $60,468
    Deferred
    $52,199
    Nontaxable benefits
    $7,897
    Filer's total
    $1,068,689

  • GREGORY SCHUMACHER

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $590,380
    From this org
    $479,479
    From related orgs
    $0
    Other
    $110,901
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $411,609
    Bonus
    $34,870
    Other
    $33,000
    Deferred
    $96,907
    Nontaxable benefits
    $13,994
    Filer's total
    $590,380

  • RUSSELL BERNARDO

    CHIEF LENDING OFFICER THRU 07/23

    Total calculated
    $540,474
    From this org
    $497,142
    From related orgs
    $0
    Other
    $43,332
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $181,302
    Bonus
    $20,301
    Other
    $295,539
    Deferred
    $34,487
    Nontaxable benefits
    $8,845
    Filer's total
    $540,474

  • TRACEY KEFFER

    CHIEF OPERATING OFFICER

    Total calculated
    $483,737
    From this org
    $389,489
    From related orgs
    $0
    Other
    $94,248
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $331,810
    Bonus
    $26,360
    Other
    $31,319
    Deferred
    $85,549
    Nontaxable benefits
    $8,699
    Filer's total
    $483,737

  • BRIAN ALFANO

    CHIEF DIGITAL OFFICER

    Total calculated
    $461,210
    From this org
    $359,471
    From related orgs
    $0
    Other
    $101,739
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $305,315
    Bonus
    $20,927
    Other
    $33,229
    Deferred
    $86,577
    Nontaxable benefits
    $15,162
    Filer's total
    $461,210

  • HEATHER BILLINGS

    CHIEF MARKETING OFFICER

    Total calculated
    $436,911
    From this org
    $344,222
    From related orgs
    $0
    Other
    $92,689
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $282,783
    Bonus
    $23,150
    Other
    $38,289
    Deferred
    $81,898
    Nontaxable benefits
    $10,791
    Filer's total
    $436,911

  • JOHN SCHIFFER

    SVP OF FINANCE

    Total calculated
    $339,233
    From this org
    $276,122
    From related orgs
    $0
    Other
    $63,111
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $238,248
    Bonus
    $12,336
    Other
    $25,538
    Deferred
    $54,417
    Nontaxable benefits
    $8,694
    Filer's total
    $339,233

  • GREGORY YOUNG

    VP OF INSURANCE SERVICES

    Total calculated
    $334,757
    From this org
    $293,509
    From related orgs
    $0
    Other
    $41,248
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $210,000
    Bonus
    $80,928
    Other
    $2,581
    Deferred
    $26,184
    Nontaxable benefits
    $15,064
    Filer's total
    $334,757

  • MATTHEW WILSON

    SVP OF RISK & ADMINISTRATION

    Total calculated
    $334,066
    From this org
    $264,228
    From related orgs
    $0
    Other
    $69,838
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $224,453
    Bonus
    $14,112
    Other
    $25,663
    Deferred
    $52,235
    Nontaxable benefits
    $17,603
    Filer's total
    $334,066

  • ETHAN NELSON

    SVP OF CREDIT ADMINISTRATION

    Total calculated
    $326,794
    From this org
    $256,488
    From related orgs
    $0
    Other
    $70,306
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $229,104
    Bonus
    $12,542
    Other
    $14,842
    Deferred
    $62,452
    Nontaxable benefits
    $7,854
    Filer's total
    $326,794

  • CHRISTOPHER WHITTAKER

    SVP OF LENDING

    Total calculated
    $302,154
    From this org
    $256,269
    From related orgs
    $0
    Other
    $45,885
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $225,981
    Bonus
    $11,289
    Other
    $18,999
    Deferred
    $38,039
    Nontaxable benefits
    $7,846
    Filer's total
    $302,154

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 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 4B
BRIAN ALFANO, CHIEF DIGITAL OFFICER, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $34,377 WERE MADE TO THE 457F PLAN IN 2023. NO DISTRIBUTIONS WERE MADE FROM THE PLAN. HEATHER BILLINGS, CHIEF MARKETING OFFICER, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $29,699 WERE MADE TO THE 457F PLAN IN 2023. NO DISTRIBUTIONS WERE MADE FROM THE PLAN. TRACEY KEFFER, CHIEF OPERATING OFFICER, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $33,350 WERE MADE TO THE 457F PLAN IN 2023. NO DISTRIBUTIONS WERE MADE FROM THE PLAN. GREGORY SCHUMACHER, EXECUTIVE VICE PRESIDENT, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $44,708 WERE MADE TO THE 457F PLAN IN 2023. NO DISTRIBUTIONS WERE MADE FROM THE PLAN. CASEY FOLTZ, SVP OF ANALYTICS AND PROFITABILITY, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $14,369 WERE MADE TO THE 457F PLAN IN 2023. NO DISTRIBUTIONS WERE MADE FROM THE PLAN. ETHAN NELSON, SVP OF CREDIT ADMINISTRATION, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $17,004 WERE MADE TO THE 457F PLAN IN 2023. NO DISTRIBUTIONS WERE MADE FROM THE PLAN. JOHN SCHIFFER, SVP OF FINANCE, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $16,807 WERE MADE TO THE 457F PLAN IN 2023. NO DISTRIBUTIONS WERE MADE FROM THE PLAN. KIRSTEN SIMMONS, SVP OF PEOPLE DEVELOPMENT, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $14,613 WERE MADE TO THE 457F PLAN IN 2023. NO DISTRIBUTIONS WERE MADE FROM THE PLAN. CHRISTOPHER WHITTAKER, SVP OF LENDING, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $15,154 WERE MADE TO THE 457F PLAN IN 2023. NO DISTRIBUTIONS WERE MADE FROM THE PLAN. MATTHEW WILSON, SVP OF RISK & ADMINISTRATION, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $16,840 WERE MADE TO THE 457F PLAN IN 2023. NO DISTRIBUTIONS WERE MADE FROM THE PLAN. TERRI BAKER, VP OF MEMBER SUPPORT, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $14,237 WERE MADE TO THE 457F PLAN IN 2023. NO DISTRIBUTIONS WERE MADE FROM THE PLAN. BRIAN KILLINGSWORTH, VP OF TECHNOLOGY SERVICES, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $18,855 WERE MADE TO THE 457F PLAN IN 2023. NO DISTRIBUTIONS WERE MADE FROM THE PLAN. ANGELICA MURILLO, VP OF REGULATORY COMPLIANCE, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $15,403 WERE MADE TO THE 457F PLAN IN 2023. NO DISTRIBUTIONS WERE MADE FROM THE PLAN. LINDSEY ROBERTS, VP OF MORTGAGE LENDING, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $17,216 WERE MADE TO THE 457F PLAN IN 2023. NO DISTRIBUTIONS WERE MADE FROM THE PLAN. DANIEL ENGLISH, DIRECTOR OF TECHNOLOGY SERVICES, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $9,475 WERE MADE TO THE 457F PLAN IN 2023. NO DISTRIBUTIONS WERE MADE FROM THE PLAN. CHERIE KISTNER, DIRECTOR OF CORPORATE COMMUNICATIONS, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $8,938 WERE MADE TO THE 457F PLAN IN 2023. NO DISTRIBUTIONS WERE MADE FROM THE PLAN. ARIS JERAHIAN, VP OF DIGITAL SERVICES AND PAYMENTS, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $15,299 WERE MADE TO THE 457F PLAN IN 2023. NO DISTRIBUTIONS WERE MADE FROM THE PLAN.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • OCCU FOUNDATION

    501(C)(3) · PHILANTHROPIC EDUCATION AND CHARITABLE ACTIVITIES · OR

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403209349325320

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