2024-11-15T17:46:10-06:00 2023-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2023-01-01 930492535 OREGON COMMUNITY CREDIT UNION OREG 8664557438 2880 CHAD DRIVE EUGENE OR 97408 RON NEUMANN CEO 8664557438 2024-11-14 1 1 WENDY CAMPOS P00448102 5032421447 2024-11-14 2023 2024-10-15 13:58:12Z RON NEUMANN 2880 CHAD DRIVE EUGENE OR 97408 211490748 0 X WWW.MYOCCU.ORG X 1956 OR TO ASSIST OUR MEMBERS IN MAKING BENEFICIAL LONG-TERM FINANCIAL DECISIONS. 10 10 747 0 99490 0 0 0 158831305 200079242 928258 10752033 0 0 159759563 210831275 705090 415522 0 0 56815251 63180106 0 0 0 72310304 146063744 129830645 209659372 29928918 1171903 3461025756 3335054668 3144607129 3017837163 316418627 317217505 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. 0 0 PROMOTING THE FINANCIAL WELLBEING AND THRIFT OF 264,575 MEMBERS DURING 2023 BY PROVIDING LOAN AND SAVINGS SERVICES AT COMPETITIVE RATES. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 78765 0 1 747 1 1 1 0 0 0 0 0 1 0 X 10 10 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 1 1 1 1 0 OR X DAVE SCHIFFER SVP OF FINANCE 5416816062 2880 CHAD DRIVE EUGENE OR 97408 BILL INGE BOARD CHAIR 8.00 X X 35760 0 0 JEANINE JENSEN BOARD VICE CHAIR 8.00 X X 32688 0 0 BEVERLY ANDERSON BOARD SECRETARY 8.00 X X 29789 0 0 GENEVIEVE PARKER BOARD DIRECTOR 8.00 X 26783 0 0 JACOB SIEGEL BOARD DIRECTOR 8.00 X 26116 0 0 THOMAS LARSON BOARD DIRECTOR 8.00 X 25783 0 0 BRANDON ROGERS BOARD DIRECTOR 8.00 X 17950 0 0 SCOTT SMITH BOARD DIRECTOR 8.00 X 17950 0 0 SAM KAMKAR BOARD DIRECTOR AS OF 04/23 8.00 X 17623 0 0 PHILLIP SMITH BOARD DIRECTOR AS OF 04/23 8.00 X 11967 0 0 JOHN GOGOL BOARD DIRECTOR THRU 03/23 8.00 X 8150 0 0 RONALD NEUMANN PRESIDENT & CEO 50.00 5.00 X 1008593 0 60096 GREGORY SCHUMACHER EXECUTIVE VICE PRESIDENT 50.00 5.00 X 479479 0 110901 RUSSELL BERNARDO CHIEF LENDING OFFICER THRU 07/23 50.00 2.00 X 497142 0 43332 TRACEY KEFFER CHIEF OPERATING OFFICER 50.00 5.00 X 389489 0 94248 BRIAN ALFANO CHIEF DIGITAL OFFICER 50.00 2.00 X 359471 0 101739 HEATHER BILLINGS CHIEF MARKETING OFFICER 50.00 5.00 X 344222 0 92689 JOHN SCHIFFER SVP OF FINANCE 50.00 5.00 X 276122 0 63111 GREGORY YOUNG VP OF INSURANCE SERVICES 50.00 X 293509 0 41248 MATTHEW WILSON SVP OF RISK & ADMINISTRATION 50.00 X 264228 0 69838 ETHAN NELSON SVP OF CREDIT ADMINISTRATION 50.00 X 256488 0 70306 CHRISTOPHER WHITTAKER SVP OF LENDING 50.00 X 256269 0 45885 4675571 0 793393 78 0 1 0 MCKENZIE COMMERCIAL CONTRACTORS INC 865 W SECOND AVENUE EUGENE OR 97402 CONTRACTOR 3148203 ALKAMI TECHNOLOGY INC 5601 GRANITE PARKWAY 120 PLANO TX 75024 INTERNET BANKING 2391467 COOK SOLUTIONS GROUP INC 9225 NE CASCADES PARKWAY PORTLAND OR 97220 ATM SERVICING 2388815 PREVEDELLO HETTICK MARKETING COMPANY 132 E BROADWAY 605 EUGENE OR 97401 MARKETING 1146346 EXPERIAN 475 ANTON BOULEVARD COSTA MESA CA 92626 LOAN SERVICING 1033128 46 INTEREST ON LOANS/VISA 522100 159062002 159062002 FEES AND CHARGES 522100 12161516 12161516 VISA/ATM INTERCHANGE I 525990 6713513 6614023 99490 CREDIT CARD INTERCHANG 525990 2097956 2097956 LOAN PARTICIPATION 525990 -2327987 -2327987 22372242 22372242 200079242 11397128 11397128 14378 659473 0 -659473 14378 -645095 -645095 210831275 199979752 99490 10752033 415522 3291488 45381834 3928576 6396847 4181361 347735 619887 2948809 4189366 2791142 4658781 3097016 425774 89448 60630411 4068858 768248 PROVISION FOR LOAN LOSS 43169998 LOAN SERVICING EXPENSE 10035258 BAD DEBT & OPERATING 8223013 209659372 8268188 8463386 143240800 202907289 681281 826681 57301879 58899163 3036826727 2969370957 136155334 23108701 51637322 33956006 18928811 17681316 39054112 40448784 20568624 13348391 3461025756 3335054668 589029478 328295034 543384 288643 2555034267 2689253486 3144607129 3017837163 X 0 0 0 0 316418627 317217505 316418627 317217505 3461025756 3335054668 1171903 -373025 0 X X 0 0 0 25000 25000 25000 1 CREDIT UNION LEGISLATIVE ACTION FUND 9730 SW NIMBUS AVE BEAVERTON OR 97005 800043051 25000 PART I-A, LINE 1: THE CREDIT UNION HAS ONLY INDIRECT POLITICAL CAMPAIGN ACTIVITY: A CONTRIBUTION TO THE CREDIT UNION LEGISLATIVE ACTION FUND. 3342575 3342575 16697729 7310904 9386825 5612413 3036701 2575712 25762567 23476321 2286246 222038 132080 89958 17681316 MEMBER SHARES & SAVINGS 2689253486 2689253486 0 EUGENE MARATHON 920 LAKESIDE AVENUE S SEATTLE WA 98144 760810890 55966 0 GENERAL SUPPORT OCCU FOUNDATION 2880 CHAD DRIVE EUGENE OR 97408 830566255 501(C)(3) 268243 0 GENERAL SUPPORT SPRINGFIELD AREA CHAMBER OF COMMERCE PO BOX 155 SPRINGFIELD OR 97477 930286205 501(C)(6) 5250 0 GENERAL SUPPORT EUGENE AREA CHAMBER OF COMMERCE 1401 WILLAMETTE STREET EUGENE OR 97401 930163290 501(C)(6) 5350 0 GENERAL SUPPORT CHILDREN'S MIRACLE NETWORK 123 INTERNATIONAL WAY SPRINGFIELD OR 97477 870387205 501(C)(3) 10000 0 GENERAL SUPPORT WORLDWIDE FOUNDATION OF CREDIT UNIONS 5710 MINERAL POINT ROAD MADISON WI 53705 396093210 501(C)(3) 10000 0 GENERAL SUPPORT 3 3 X X X X 0 1 0 RONALD NEUMANN PRESIDENT & CEO 793125 0 155000 0 60468 0 52199 0 7897 0 1068689 0 0 0 GREGORY SCHUMACHER EXECUTIVE VICE PRESIDENT 411609 0 34870 0 33000 0 96907 0 13994 0 590380 0 0 0 RUSSELL BERNARDO CHIEF LENDING OFFICER THRU 07/23 181302 0 20301 0 295539 0 34487 0 8845 0 540474 0 0 0 TRACEY KEFFER CHIEF OPERATING OFFICER 331810 0 26360 0 31319 0 85549 0 8699 0 483737 0 0 0 BRIAN ALFANO CHIEF DIGITAL OFFICER 305315 0 20927 0 33229 0 86577 0 15162 0 461210 0 0 0 HEATHER BILLINGS CHIEF MARKETING OFFICER 282783 0 23150 0 38289 0 81898 0 10791 0 436911 0 0 0 JOHN SCHIFFER SVP OF FINANCE 238248 0 12336 0 25538 0 54417 0 8694 0 339233 0 0 0 GREGORY YOUNG VP OF INSURANCE SERVICES 210000 0 80928 0 2581 0 26184 0 15064 0 334757 0 0 0 MATTHEW WILSON SVP OF RISK & ADMINISTRATION 224453 0 14112 0 25663 0 52235 0 17603 0 334066 0 0 0 ETHAN NELSON SVP OF CREDIT ADMINISTRATION 229104 0 12542 0 14842 0 62452 0 7854 0 326794 0 0 0 CHRISTOPHER WHITTAKER SVP OF LENDING 225981 0 11289 0 18999 0 38039 0 7846 0 302154 0 0 0 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. JERRY LIUDAHL RETIRED CHIEF CREDIT OFFICER SPLIT DOLLAR LIFE INSURANCE X 1387993 1604545 0 1 1 RONALD NEUMANN CHIEF EXECUTIVE OFFICER SPLIT DOLLAR LIFE INSURANCE X 13295352 15085551 0 1 1 GREGORY SCHUMACHER EXECUTIVE VICE PRESIDENT SPLIT DOLLAR LIFE INSURANCE X 5516080 5861021 0 1 1 RONALD NEUMANN 2 CHIEF EXECUTIVE OFFICER SPLIT DOLLAR LIFE INSURANCE X 22576353 23462478 0 1 1 GREGORY SCHUMACHER 2 EXECUTIVE VICE PRESIDENT SPLIT DOLLAR LIFE INSURANCE X 5225531 5444299 0 1 1 GREGORY SCHUMACHER 3 EXECUTIVE VICE PRESIDENT SPLIT DOLLAR LIFE INSURANCE X 3042146 3163540 0 1 1 TRACEY KEFFER CHIEF OPERATING OFFICER SPLIT DOLLAR LIFE INSURANCE X 4106838 4277729 0 1 1 58899163 FORM 990, PART VI, SECTION A, LINE 6 ANY INDIVIDUAL WITH AN ACCOUNT AT THE CREDIT UNION IS CONSIDERED A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A EACH PRIMARY MEMBER OF THE CREDIT UNION IS GIVEN ONE VOTE AND IS ABLE TO ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B MAJOR DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS, HOWEVER, DAY TO DAY DECISIONS ARE NOT SUBJECT TO MEMBER APPROVAL. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO THE ORGANIZATION FOR REVIEW PRIOR TO FILING; THE CEO, EVP AND SVP OF FINANCE OF THE ORGANIZATION REVIEW THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY IN PLACE FOR BOTH THE COMPANY AND BOARD. EXPECTATIONS ARE CLEAR AT THE SENIOR MANAGEMENT LEVEL AND ARE COMMUNICATED DOWNWARD. THE ORGANIZATION HAS TRACKING PROCEDURES IN PLACE FOR POSSIBLE AND CONFIRMED CONFLICTS OF INTEREST. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST INVOLVING A BOARD MEMBER, THAT MEMBER WOULD BE REQUIRED TO ABSTAIN FROM VOTING ON THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 TOTAL COMPENSATION, INCLUDING BASE PAY, INCENTIVES AND OTHER BENEFITS, IS COMPARED AGAINST BALANCE COMP, CUES EXECUTIVE COMPENSATION PROGRAM, MILLIMAN NW FINANCIAL INDUSTRY SURVEY RESULTS AND OTHER EXECUTIVE PUBLICATIONS/REPORTS. CEO COMPENSATION IS REVIEWED BY THE BOARD PERSONNEL COMMITTEE AND APPROVED BY THE FULL BOARD. COMPENSATION AMOUNTS ARE TRACKED FOR FUTURE REFERENCE. THE LAST FORMAL COMPENSATION COMPARISON REVIEW BY THE ORGANIZATION WAS PERFORMED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE POSTED ONLINE AND IN CREDIT UNION BRANCHES AND ARE AVAILABLE UPON REQUEST. GOVERNING DOCUMENTS ARE AVAILABLE TO MEMBERS UPON REQUEST. FORM 990, PART XII, LINE 2: THE CREDIT UNION IS GOVERNED BY THE NATIONAL CREDIT UNION ADMINISTRATION (NCUA). AS SUCH, REGULATORS REVIEW THE FINANCIAL TRANSACTIONS OF THE CREDIT UNION ON A CONSISTENT BASIS. IN ADDITION, THE CREDIT UNION MAINTAINS A SUPERVISORY COMMITTEE TO OVERSEE THE PERFORMANCE OF AN ANNUAL AUDIT OF THE STATMENTS OF FINANCIAL CONDITION. THESE AUDITED STATEMENTS OF FINANCIAL CONDITION ARE PREPARED ON A SEPTEMBER 30TH YEAR END. OCCU FOUNDATION 2880 CHAD DRIVE EUGENE OR 97408 830566255 PHILANTHROPIC EDUCATION AND CHARITABLE ACTIVITIES OR 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 OCCU FOUNDATION B 268243 CASH VALUE