Totals
- Total revenue
- $17,819,181
- Total expenses
- $15,285,173
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $13,066,809
- Investment income
- $4,737,618
- Other revenue
- $14,754
- Total assets, end of year
- $341,246,165
- Total liabilities, end of year
- $290,535,925
- Net assets or fund balances, end of year
- $50,710,240
- Program services expenses (Part IX)
- $15,285,173
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $15,285,173
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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: LOAN INTEREST REVENUE
total $10,977,876 · related or exempt $10,977,876
-
2b · Program service revenue: LOAN & SERVICE FEE REVENUE
total $2,088,933 · related or exempt $2,088,933
-
3 · Investment income
total $4,737,618 · related or exempt $4,737,618
-
11a · Other revenue: ATM SURCHARGE REVENUE
total $14,754 · unrelated business $14,754
-
11e · Other revenue, total
$14,754
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $553,355 · program services $553,355
-
7 · Other salaries and wages
total $4,235,656 · program services $4,235,656
-
8 · Pension plan contributions
total $180,131 · program services $180,131
-
9 · Other employee benefits
total $633,731 · program services $633,731
-
10 · Payroll taxes
total $421,225 · program services $421,225
-
13 · Office expenses
total $1,259,666 · program services $1,259,666
-
16 · Occupancy
total $998,671 · program services $998,671
-
19 · Conferences, conventions and meetings
total $10,827 · program services $10,827
-
20 · Interest
total $2,104,852 · program services $2,104,852
-
22 · Depreciation, depletion and amortization
total $487,464 · program services $487,464
-
24a · Other expenses: PROVISION FOR CREDIT &
total $1,253,819 · program services $1,253,819
-
24b · Other expenses: EXCHANGE FEES
total $843,795 · program services $843,795
-
24c · Other expenses: LOAN SERVICING
total $515,375 · program services $515,375
-
24d · Other expenses: SOFTWARE AND EQUIPMENT
total $440,599 · program services $440,599
-
24e · All other expenses
total $1,346,007 · program services $1,346,007
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $14,678,978 · end of year $32,733,788
-
2 · Savings and temporary cash investments
beginning of year $15,046,798 · end of year $19,441,091
-
7 · Other notes and loans receivable
beginning of year $236,669,436 · end of year $214,997,557
-
9 · Prepaid expenses and deferred charges
beginning of year $758,246 · end of year $1,113,991
-
10a · Land, buildings and equipment: cost or other basis
$13,445,889
-
10b · Land, buildings and equipment: accumulated depreciation
$6,618,125
-
10c · Land, buildings and equipment, net
beginning of year $7,426,032 · end of year $6,827,764
-
11 · Investments: publicly traded securities
beginning of year $56,733,595 · end of year $49,643,217
-
14 · Intangible assets
beginning of year $130,423
-
15 · Other assets
beginning of year $16,313,995 · end of year $16,488,757
-
17 · Accounts payable and accrued expenses
beginning of year $2,092,402 · end of year $1,092,506
-
21 · Escrow or custodial account liability
beginning of year $143,229 · end of year $172,553
-
25 · Other liabilities
beginning of year $297,559,318 · end of year $289,270,866
-
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 $47,962,554 · end of year $50,710,240
Mission and programs · 2024
Mission
THE CREDIT UNION ENCOURAGES THRIFT AMONG ITS MEMBERS, PROVIDES CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, AND PROVIDES AN OPPORTUNITY FOR MEMBERS TO USE AND CONTROL THEIR OWN MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION.
Activities or mission (Part I)
THE CREDIT UNION PROVIDES LOW COST RETAIL FINANCIAL SERVICES TO OVER 19,000 OWNER/MEMBERS WHO PRIMARILY RESIDE IN 13 OREGON COUNTIES. SERVICES INCLUDE CONSUMER, BUSINESS AND CREDIT CARD LOANS AS WELL AS CHECKING AND SAVINGS PROGRAMS, AND DEBIT CARD SERVICES.
-
THE CREDIT UNION PROVIDED LOW COST RETAIL FINANCIAL SERVICES TO MORE THAN 19,000 OWNER/MEMBERS THROUGH SEVEN BRANCHES LOCATED IN 13 OREGON COUNTIES AND HUNDREDS OF ATMS AND SHARED BRANCH LOCATIONS WITH OTHER CREDIT UNIONS. SERVICES INCLUDE SAVINGS AND DEPOSIT ACCOUNTS; CONSUMER, MORTGAGE, CREDIT CARD AND SMALL BUSINESS LOANS.
Expenses $15,285,173 · Revenue $17,804,427
As filed on the 2024 return.
Listed in Part VII
-
Marian GriffithsMARIAN GRIFFITHS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian MillerBRIAN MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeff CoffmanJEFF COFFMAN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Alicia AndersonALICIA ANDERSON
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jim McBrideJIM MCBRIDE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Trish RolinTRISH ROLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul DawsonPAUL DAWSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Milton LauniusMILTON LAUNIUS
CEO
- Total calculated
- $365,209
- From this org
- $332,889
- From related orgs
- $0
- Other
- $32,320
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $332,889
- Bonus
- $0
- Other
- $0
- Deferred
- $19,000
- Nontaxable benefits
- $13,320
- Filer's total
- $365,209
-
Scott WetzlerSCOTT WETZLER
CFO
- Total calculated
- $188,146
- From this org
- $183,173
- From related orgs
- $0
- Other
- $4,973
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $183,173
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $4,973
- Filer's total
- $188,146
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 · Written employment contract
- 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
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533219349312343
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