Rivermark Community Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 936024307 ✦ Beaverton, OR ✦ Designated as a 501(c)(14)

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Overview

What is Rivermark Community Credit Union?

Rivermark Community Credit Union is a financial cooperative based in Beaverton, Oregon, specifically located at 9125 SW Gemini Drive Suite 100. With a strong commitment to the local community, they offer financial services to over 88,500 members, providing share deposits and loans. As a member-owned organization, they conduct their activities with the mission to deliver quality financial services, products, and support, enhancing the financial well-being of their members. The credit union employs a team of 371 individuals dedicated to this cause.


Official website here: www.rivermarkcu.org

Is Rivermark Community Credit Union legitimate?

Rivermark Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Rivermark Community Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $2,821,122
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,094,145

For more financial information, click here


Official website here: www.rivermarkcu.org

What is the mission statement of Rivermark Community Credit Union?

Rivermark Community Credit Union is dedicated to offering top-tier financial services and products to its member-owned cooperative. Their mission is to deliver quality support and financing solutions to individuals within the communities they serve. With over 88,000 members, they have successfully provided share deposits and loans. The credit union focuses on enhancing the financial well-being of its members through their extensive range of offerings.


Official website here: www.rivermarkcu.org

Who is the CEO of Rivermark Community Credit Union?

Seth Schaefer is the Board Chair of Rivermark Community Credit Union. The CEO's salary of Rivermark Community Credit Union is $794,870 and their total compensation is $894,887.


Official website here: www.rivermarkcu.org

What is the revenue of Rivermark Community Credit Union?

Rivermark Community Credit Union's revenue in 2022 was $65,250,684.


Official website here: www.rivermarkcu.org

Who are the executives of Rivermark Community Credit Union and what are their salaries?

The average compensation at Rivermark Community Credit Union during 2022 was $53,680. There are 371 employees and 16 volunteers at Rivermark Community Credit Union.


Here are 23 key members and their salaries (Rivermark Community Credit Union's CEO's salary is $794,870 and their total compensation is $894,887):


Kim Bickford (Board Chair)
  • Compensation: $17,500
  • Related: $0
  • Other: $0
Dennis Fullan (Board Member)
  • Compensation: $16,000
  • Related: $0
  • Other: $0
Gloria Zabel (Board Vice Chair)
  • Compensation: $15,500
  • Related: $0
  • Other: $0
Josh Stephenson (Secretary)
  • Compensation: $15,500
  • Related: $0
  • Other: $0
Bill Roberts Jr (Board Member)
  • Compensation: $14,000
  • Related: $0
  • Other: $0
Brett Bryant (Board Member)
  • Compensation: $14,000
  • Related: $0
  • Other: $0
Gary Frayn (Board Member)
  • Compensation: $14,000
  • Related: $0
  • Other: $0
Rob Lavigne (Board Member)
  • Compensation: $14,000
  • Related: $0
  • Other: $0
Steven Holland (Board Member)
  • Compensation: $14,000
  • Related: $0
  • Other: $0
Jesus Palomares (Board Member)
  • Compensation: $14,000
  • Related: $0
  • Other: $0
Kerri Leathers Izunagbara (Board Member)
  • Compensation: $7,500
  • Related: $0
  • Other: $0
Steve Lucas (Board Member (Thru 04/2022))
  • Compensation: $6,500
  • Related: $0
  • Other: $0
Seth Schaefer (President/Ceo)
  • Compensation: $794,870
  • Related: $0
  • Other: $100,017
Aben Hill (Chief Lending Officer)
  • Compensation: $316,960
  • Related: $0
  • Other: $110,946
Cori Poland (Chief Experience Officer)
  • Compensation: $302,144
  • Related: $0
  • Other: $113,535
Joseph Brian Griffis (Chief Financial Officer)
  • Compensation: $296,896
  • Related: $0
  • Other: $119,679
David Noble (Chief Marketing Officer)
  • Compensation: $238,664
  • Related: $0
  • Other: $20,878
Stephanie Strimling (Chief Innovation Officer)
  • Compensation: $225,871
  • Related: $0
  • Other: $18,161
Jaedward Freestone (External Mortgage Loan Officer)
  • Compensation: $305,367
  • Related: $0
  • Other: $20,955
Joel Jenkins (External Mortgage Loan Officer)
  • Compensation: $217,368
  • Related: $0
  • Other: $19,924
Ryan Halley (Vice President Financial Wellness)
  • Compensation: $198,373
  • Related: $0
  • Other: $11,559
Sharon Pasero (Vice President Of Risk)
  • Compensation: $184,500
  • Related: $0
  • Other: $17,451
Mickey Beard (Vice President Consumer Lending)
  • Compensation: $180,511
  • Related: $0
  • Other: $16,406


Official website here: www.rivermarkcu.org

Where can I find the form 990 for Rivermark Community Credit Union?

Rivermark Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.rivermarkcu.org

Learn more at the official website: www.rivermarkcu.org

Mission Statement of Rivermark Community Credit Union

Rivermark Community Credit Union, a member-owned financial cooperative, is dedicated to providing top-notch financial services and products to the communities it serves. With a mission to put quality before profit, this credit union goes above and beyond to support its members.

At the heart of Rivermark Community Credit Union's operations is a commitment to delivering financial services that cater to the unique needs of its 88,569 members. By offering a range of share deposits and loans, this credit union empowers individuals to save, borrow, and manage their money effectively. This, in turn, helps to strengthen the financial well-being of families and communities.

Rivermark Community Credit Union takes pride in its role as a trusted financial partner. By providing personalized attention and a member-focused approach, it sets itself apart from other financial institutions. The credit union's team of dedicated professionals works tirelessly to ensure that each member receives the best possible service, tailored to their specific requirements.

In summary, Rivermark Community Credit Union is more than just a financial institution. It is a community-focused organization that puts its members first, providing them with the tools, resources, and support they need to achieve financial stability and prosperity.

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Impact




October, 2024

Rivermark Community Credit Union has a significant impact on its local communities by providing quality financial services and products tailored to the needs of its 88,569 members. As a member-owned financial cooperative based in Beaverton, Oregon, Rivermark focuses on delivering essential services such as share deposits and loans. This commitment not only supports individual financial well-being but also fosters economic growth and stability within the community. By prioritizing member support and engagement, Rivermark strengthens the financial resilience of those it serves, contributing to the overall public benefit in the region.




This information is meant to be a general summary of Rivermark Community Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$65,250,684 (2022)
Expenses
$58,236,378 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $9,784,219
  • Program Service Revenue: $55,466,465
  • Gross Receipts: $191,211,909

Assets and Liabilities:

  • Total Assets: $1,400,588,793
  • Total Liabilities: $1,336,573,326
  • Net Assets: $64,015,467

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS

Revenue

$35,007,787

INTERCHANGE INCOME

Revenue

$10,943,246

SERVICE CHARGES AND FE

Revenue

$5,769,359

OTHER NON-INTEREST INC

Revenue

$2,246,593

MORTGAGE SALES AND SER

Revenue

$1,499,480

Organization Details

Founding Year

1951

Principal Officer

Seth Schaefer

Main Address

9125 SW GEMINI DR SUITE 100, BEAVERTON, OR, 97008

NTEE Category

Code: W60 - Public benefit

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