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Nonprofiteer
← OREGON COMMUNITY CREDIT UNION

Form 990 for tax year 2024

Filed by OREGON COMMUNITY CREDIT UNION.

What the amendment changed

Compared with the return it replaced , filed 12 November 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$252,128,476
Total expenses
$225,052,789
Contributions and grants received
$0
Grants paid
$531,364
Program service revenue
$236,359,384
Investment income
$15,769,092
Other revenue
$0
Total assets, end of year
$3,405,521,789
Total liabilities, end of year
$3,060,595,078
Net assets or fund balances, end of year
$344,926,711
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 $194,680,305 · related or exempt $194,680,305

  • 2b · Program service revenue: FEES AND CHARGES

    total $15,693,671 · related or exempt $15,693,671

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

    total $9,335,404 · related or exempt $9,200,453 · unrelated business $134,951

  • 2d · Program service revenue: LOAN PARTICIPATION

    total $5,336,719 · related or exempt $5,336,719

  • 2e · Program service revenue: CREDIT CARD INTERCHANG

    total $2,146,377 · related or exempt $2,146,377

  • 2f · All other program service revenue

    total $9,166,908 · related or exempt $9,166,908

  • 3 · Investment income

    total $15,616,956 · excluded $15,616,956

  • 7a · Gross sales of assets other than inventory

    securities $83,000 · other assets $69,136

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $83,000 · other assets $69,136

  • 7d · Net gain or loss

    total $152,136 · excluded $152,136

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $531,364

  • 5 · Compensation of officers, directors and key employees

    total $3,863,322

  • 7 · Other salaries and wages

    total $47,036,364

  • 8 · Pension plan contributions

    total $2,398,057

  • 9 · Other employee benefits

    total $6,607,597

  • 10 · Payroll taxes

    total $4,235,286

  • 11b · Fees: legal

    total $355,619

  • 11c · Fees: accounting

    total $640,903

  • 11g · Fees: other

    total $4,627,822

  • 12 · Advertising and promotion

    total $3,254,001

  • 13 · Office expenses

    total $12,181,678

  • 14 · Information technology

    total $6,210,381

  • 16 · Occupancy

    total $3,534,756

  • 17 · Travel

    total $276,846

  • 19 · Conferences, conventions and meetings

    total $28,295

  • 20 · Interest

    total $58,220,673

  • 22 · Depreciation, depletion and amortization

    total $4,612,339

  • 23 · Insurance

    total $573,441

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $47,976,579

  • 24b · Other expenses: LOAN SERVICING EXPENSE

    total $11,059,574

  • 24c · Other expenses: BAD DEBT & OPERATING

    total $6,827,892

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,463,386 · end of year $24,258,019

  • 2 · Savings and temporary cash investments

    beginning of year $202,907,289 · end of year $174,340,464

  • 4 · Accounts receivable

    beginning of year $826,681 · end of year $1,053,334

  • 5 · Loans and receivables from officers and key people

    beginning of year $58,899,163 · end of year $64,660,338

  • 7 · Other notes and loans receivable

    beginning of year $2,969,370,957 · end of year $3,013,920,431

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,108,701 · end of year $22,101,094

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

    $66,182,033

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

    $38,836,760

  • 10c · Land, buildings and equipment, net

    beginning of year $17,681,316 · end of year $27,345,273

  • 12 · Investments: other securities

    beginning of year $40,448,784 · end of year $72,824,296

  • 15 · Other assets

    beginning of year $13,348,391 · end of year $5,018,540

  • 17 · Accounts payable and accrued expenses

    beginning of year $328,295,034 · end of year $236,641,874

  • 19 · Deferred revenue

    beginning of year $288,643 · end of year $257,431

  • 25 · Other liabilities

    beginning of year $2,689,253,486 · end of year $2,823,695,773

  • 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 $317,217,505 · end of year $344,926,711

Mission and programs · 2024

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 268,159 MEMBERS DURING 2024 BY PROVIDING LOAN AND SAVINGS SERVICES AT COMPETITIVE RATES.

As filed on the 2024 return.

Listed in Part VII

  • RONALD NEUMANN

    PRESIDENT & CEO

    Total calculated
    $1,246,383
    From this org
    $1,171,271
    From related orgs
    $0
    Other
    $75,112
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $838,125
    Bonus
    $278,250
    Other
    $54,896
    Deferred
    $66,700
    Nontaxable benefits
    $8,412
    Filer's total
    $1,246,383

  • GREGORY SCHUMACHER

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $724,556
    From this org
    $593,121
    From related orgs
    $0
    Other
    $131,435
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $440,904
    Bonus
    $48,364
    Other
    $103,853
    Deferred
    $116,440
    Nontaxable benefits
    $14,995
    Filer's total
    $724,556

  • TRACEY KEFFER

    CHIEF OPERATING OFFICER

    Total calculated
    $573,572
    From this org
    $479,705
    From related orgs
    $0
    Other
    $93,867
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $364,137
    Bonus
    $38,988
    Other
    $76,580
    Deferred
    $84,579
    Nontaxable benefits
    $9,288
    Filer's total
    $573,572

  • BRIAN ALFANO

    CHIEF DIGITAL OFFICER

    Total calculated
    $558,230
    From this org
    $453,754
    From related orgs
    $0
    Other
    $104,476
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $331,962
    Bonus
    $35,875
    Other
    $85,917
    Deferred
    $88,217
    Nontaxable benefits
    $16,259
    Filer's total
    $558,230

  • HEATHER BILLINGS

    CHIEF MARKETING OFFICER

    Total calculated
    $504,441
    From this org
    $409,513
    From related orgs
    $0
    Other
    $94,928
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $296,333
    Bonus
    $33,227
    Other
    $79,953
    Deferred
    $83,380
    Nontaxable benefits
    $11,548
    Filer's total
    $504,441

  • BRIAN KILLINGSWORTH

    VP OF TECHNOLOGY SERVICES

    Total calculated
    $384,779
    From this org
    $316,030
    From related orgs
    $0
    Other
    $68,749
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $249,175
    Bonus
    $35,330
    Other
    $31,525
    Deferred
    $68,302
    Nontaxable benefits
    $447
    Filer's total
    $384,779

  • JOHN SCHIFFER

    SVP OF FINANCE

    Total calculated
    $382,973
    From this org
    $306,530
    From related orgs
    $0
    Other
    $76,443
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $249,664
    Bonus
    $20,132
    Other
    $36,734
    Deferred
    $67,202
    Nontaxable benefits
    $9,241
    Filer's total
    $382,973

  • GREGORY YOUNG

    VP OF INSURANCE SERVICES

    Total calculated
    $327,998
    From this org
    $295,176
    From related orgs
    $0
    Other
    $32,822
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $216,038
    Bonus
    $75,806
    Other
    $3,332
    Deferred
    $17,511
    Nontaxable benefits
    $15,311
    Filer's total
    $327,998

  • ETHAN NELSON

    VP OF CREDIT ADMINISTRATION

    Total calculated
    $378,632
    From this org
    $301,295
    From related orgs
    $0
    Other
    $77,337
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $240,731
    Bonus
    $19,016
    Other
    $41,548
    Deferred
    $68,930
    Nontaxable benefits
    $8,407
    Filer's total
    $378,632

  • CHRISTOPHER WHITTAKER

    SVP OF LENDING

    Total calculated
    $358,491
    From this org
    $299,739
    From related orgs
    $0
    Other
    $58,752
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $245,339
    Bonus
    $21,468
    Other
    $32,932
    Deferred
    $50,360
    Nontaxable benefits
    $8,392
    Filer's total
    $358,491

  • BILL INGE

    BOARD CHAIR

    Total calculated
    $40,117
    From this org
    $40,117
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • BEVERLY ANDERSON

    BOARD VICE CHAIR

    Total calculated
    $30,575
    From this org
    $30,575
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • JACOB SIEGEL

    BOARD SECRETARY

    Total calculated
    $28,618
    From this org
    $28,618
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • GENEVIEVE PARKER

    BOARD DIRECTOR

    Total calculated
    $27,950
    From this org
    $27,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • SAM KAMKAR

    BOARD DIRECTOR

    Total calculated
    $24,950
    From this org
    $24,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • BRANDON ROGERS

    BOARD DIRECTOR

    Total calculated
    $24,371
    From this org
    $24,371
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • JUSTIN FREEMAN

    BOARD DIRECTOR (AS OF 03/2024)

    Total calculated
    $21,783
    From this org
    $21,783
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • JEANINE JENSEN

    BOARD SECRETARY (THRU 06/2024)

    Total calculated
    $13,558
    From this org
    $13,558
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • JEFFERSON CURL

    BOARD DIRECTOR (AS OF 03/2024)

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

  • DENA PUTNAM-GILCHRIST

    BOARD DIRECTOR (AS OF 03/2024)

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

  • THOMAS LARSON

    BOARD DIRECTOR (THRU 03/2024)

    Total calculated
    $8,317
    From this org
    $8,317
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • PHILLIP SMITH

    BOARD DIRECTOR (THRU 03/2024)

    Total calculated
    $5,983
    From this org
    $5,983
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • SCOTT SMITH

    BOARD DIRECTOR (THRU 03/2024)

    Total calculated
    $5,983
    From this org
    $5,983
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

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
GREGORY SCHUMACHER, EXECUTIVE VICE PRESIDENT, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $72,740 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $70,353 DISTRIBUTIONS WERE MADE FROM THE PLAN. TRACEY KEFFER, CHIEF OPERATING OFFICER, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $48,850 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $52,480 WERE MADE FROM THE PLAN. BRIAN ALFANO, CHIEF DIGITAL OFFICER, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $44,517 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $54,097 WERE MADE FROM THE PLAN. HEATHER BILLINGS, CHIEF MARKETING OFFICER, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $39,680 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $46,734 WERE MADE FROM THE PLAN. BRIAN KILLINGSWORTH, VP OF TECHNOLOGY SERVICES, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $28,256 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $22,612 WERE MADE FROM THE PLAN. JOHN SCHIFFER, SVP OF FINANCE, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $30,859 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $26,448 WERE MADE FROM THE PLAN. GREGORY YOUNG, VP OF INSURANCE SERVICES, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $29,048 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $26,501 WERE MADE FROM THE PLAN. ETHAN NELSON, VP OF CREDIT ADMINISTRATION, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $29,450 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $22,996 WERE MADE FROM THE PLAN. CHRISTOPHER WHITTAKER, SVP OF LENDING, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $29,184 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $23,846 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
2024
IRS schema version
2024v5.5
Source object
202622409349301812

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