Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST ON LOANS

  total $89,984,581 · related or exempt $89,984,581

• 2b · Program service revenue: OTHER OPERATING INCOME

  total $30,989,778 · related or exempt $31,326,952 · unrelated business -$337,174

• 2c · Program service revenue: SERVICE CHARGES & FEES

  total $5,528,818 · related or exempt $5,248,467 · unrelated business $280,351

• 3 · Investment income

  total $23,549,275 · excluded $23,549,275

• 7a · Gross sales of assets other than inventory

  securities $205,688,377 · other assets $3,325,163

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

  securities $214,453,415 · other assets $3,451,807

• 7c · Gain or loss

  securities -$8,765,038 · other assets -$126,644

• 7d · Net gain or loss

  total -$8,891,682 · related or exempt -$126,644 · excluded -$8,765,038

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $311,771

• 5 · Compensation of officers, directors and key employees

  total $5,856,088

• 7 · Other salaries and wages

  total $35,614,464

• 8 · Pension plan contributions

  total $1,648,458

• 9 · Other employee benefits

  total $4,379,413

• 10 · Payroll taxes

  total $3,539,961

• 11b · Fees: legal

  total $145,431

• 11c · Fees: accounting

  total $277,680

• 11g · Fees: other

  total $5,493,649

• 12 · Advertising and promotion

  total $2,469,543

• 13 · Office expenses

  total $4,966,373

• 14 · Information technology

  total $1,505,570

• 16 · Occupancy

  total $3,104,994

• 17 · Travel

  total $360,526

• 20 · Interest

  total $7,139,334

• 22 · Depreciation, depletion and amortization

  total $4,737,171

• 23 · Insurance

  total $316,244

• 24a · Other expenses: PROVISION FOR LOAN LOSS

  total $8,390,021

• 24b · Other expenses: LOAN SERVICING

  total $6,344,010

• 24c · Other expenses: ATM MAINTENANCE

  total $966,464

• 24d · Other expenses: UBIT TAXES PAID

  total $48,000

• 24e · All other expenses

  total $8,330,670

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $22,714,791 · end of year $21,208,070

• 2 · Savings and temporary cash investments

  beginning of year $134,285,918 · end of year $15,511,362

• 5 · Loans and receivables from officers and key people

  beginning of year $1,475,546 · end of year $10,467,041

• 7 · Other notes and loans receivable

  beginning of year $1,673,567,294 · end of year $1,922,627,285

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

  $143,571,286

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

  $37,665,635

• 10c · Land, buildings and equipment, net

  beginning of year $94,032,535 · end of year $105,905,651

• 11 · Investments: publicly traded securities

  beginning of year $800,680,976 · end of year $767,718,724

• 12 · Investments: other securities

  beginning of year $152,685,634 · end of year $13,072,797

• 15 · Other assets

  beginning of year $65,509,368 · end of year $101,536,495

• 17 · Accounts payable and accrued expenses

  beginning of year $39,559,915 · end of year $47,512,168

• 21 · Escrow or custodial account liability

  beginning of year $3,563,251 · end of year $953,949

• 23 · Secured mortgages and notes payable

  end of year $17,449,651

• 24 · Unsecured notes and loans payable

  end of year $25,000,000

• 25 · Other liabilities

  beginning of year $2,635,285,574 · end of year $2,679,843,502

• 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 $266,543,322 · end of year $187,288,155

The filer's explanations (Part III)

PART I, LINE 1A

THE CEO RECEIVED REIMBURSED COMPANION TRAVEL EXPENSES NOT TREATED AS TAXABLE COMPENSATION SINCE ALL EXPENSES WERE DEEMED TO BE FOR A BONA FIDE BUSINESS PURPOSE FOR COMPANION VOLUNTEER ATTENDANCE AT CREDIT UNION SOCIAL EVENTS. THE CEO RECEIVED REIMBURSED DUES FOR COUNTRY CLUB SOCIAL MEMBERSHIP NOT TREATED AS TAXABLE COMPENSATION SINCE THE EXPENSES WERE DEEMED TO BE FOR A BONA FIDE BUSINESS PURPOSE.

PART I, LINE 4B

THE CEO PARTICIPATED IN A SERP AND CONTRIBUTIONS OF $598,823 WERE MADE DURING THE YEAR. THE CEO PARTICIPATED IN A 457(F) PLAN.

STATEMENT FOR COMPLIANCE WITH TREAS. REG. SECTION 1.7872-15(D)(2):

THE CREDIT UNION (THE LENDER) ENTERED INTO SPLIT DOLLAR LIFE INSURANCE PLANS WITH VARIOUS EXECUTIVES. THESE AGREEMENTS INCLUDE NONRECOURSE LOANS TO THE EXECUTIVES (THE BORROWERS). IT IS EXPECTED THAT ALL PAYMENTS UNDER THE LOANS WILL BE MADE IN FULL INCLUDING INTEREST AT THE AFR APPLICABLE TO EACH LOAN.

Disregarded entities

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

• ROGUE FEDERAL MEMBER FINANCIAL SERVICES LLC

  INSURANCE & FINANCIAL ADVISORY SERVICES · OR · income $2,705 · assets $1,366,016

  Directly controlled by ROGUE CREDIT UNION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• PAINTED HILLS LLC

  UNRELATED · TO FACILITATE LOAN TRANSACTIONS · DE · 54.5% owned · share of income -$449,699 · share of assets $2,558,588 · general or managing partner

  Directly controlled by ROGUE CREDIT UNION