2024-11-13T17:51:02-06:00 2023-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2023-01-01 930491115 ROGUE CREDIT UNION ROGU 8008567328 1370 CENTER DRIVE MEDFORD OR 97501 MATT STEPHENSON CEO 8008567328 2024-11-13 1 1 WENDY CAMPOS P00448102 5032421447 2024-11-13 2023 2024-10-15 13:58:12Z MATT STEPHENSON 1370 CENTER DRIVE MEDFORD OR 97501 229219401 0 X WWW.ROGUECU.ORG X 1956 OR A MEMBER-OWNED, NOT-FOR-PROFIT FINANCIAL COOPERATIVE FOR THE PURPOSE OF ENCOURAGING THRIFT AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST, AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR OWN MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION AND TO CONDUCT SUCH ACTIVITIES AS PERMITTED UNDER THE OREGON CREDIT UNION ACT. 7 7 807 0 82988 22242 0 0 126503177 152996061 14657593 37100539 0 0 141160770 190096600 311771 362193 0 0 51038384 57961295 0 0 0 54595680 103881526 105945835 162205014 35214935 27891586 2958047425 3362829205 2770759270 3123419626 187288155 239409579 TO CREATE THE MOST LOYAL MEMBERS IN THE NATION BY PROVIDING EXCEPTIONAL EXPERIENCES THAT BUILD MUTUALLY BENEFICIAL RELATIONSHIPS. 0 0 CREATED A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDED AN OPPORTUNITY FOR MEMBERS TO USE AND CONTROL THEIR OWN MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. PROFITS ARE RETURNED TO MEMBERS IN THE FORM OF BETTER RATES AND LOWER FEES. MEMBERS ARE REWARDED THROUGH ROGUE REWARDS FOR PARTICIPATION THROUGH LOANS, DEPOSITS AND TRANSACTIONS. N/A N/A 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 147467 0 1 807 1 1 1 0 0 0 1 1 0 1 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 0 1 0 0 1 1 1 1 0 OR X MATT STEPHENSON 8008567328 1370 CENTER DRIVE MEDFORD OR 97501 SMITH PHILIP BOARD CHAIR 1.00 0.00 X X 25000 0 0 JOHNSON HEATHER BOARD VICE CHAIR 1.00 1.00 X X 21000 0 0 ANGSTADT PETER BOARD SECRETARY 1.00 0.00 X X 21000 0 0 PALM ALEX M BOARD TREASURER 1.00 0.00 X X 21000 0 0 ITZEN NEIL BOARD MEMBER 1.00 0.00 X 21000 0 0 HUTCHINSON KATIE M BOARD MEMBER 1.00 1.00 X 19571 0 0 YASUDA ROGER BOARD MEMBER 1.00 0.00 X 18000 0 0 HAUCK GERALD BOARD MEMBER THRU 01/23 1.00 1.00 X 1750 0 0 STEPHENSON MATTHEW C CHIEF EXECUTIVE OFFICER 50.00 1.00 X 1020745 0 316257 THURMAN BLAKE CHIEF FINANCIAL OFFICER 50.00 0.00 X 379375 0 142396 HEESE CHAD RICHARD CHIEF LENDING AND STRATEGY OFFICER 50.00 0.00 X 590450 0 110109 PICKENS JEANNE M CHIEF OPERATIONS OFFICER 50.00 1.00 X 371648 0 145743 ROBERSON JEFFRY DEE CHIEF INFORMATION OFFICER 50.00 0.00 X 366521 0 116432 ENGLAND KELLIE L SVP OF MEMBER EXPERIENCE 50.00 1.00 X 283645 0 95487 JOHNS TIMOTHY CHARLES SVP OF INFORMATION TECHOLOGY SERVICES 50.00 0.00 X 268717 0 93883 OVERTON TROY R SVP OF CONSUMER AND MORTGAGE LENDING 50.00 0.00 X 278076 0 84151 MULKINS SCOTT HAROLD SVP OF ANALYTICS AND ENTERPRISE RISK 50.00 0.00 X 255804 0 72879 DEBEIKES CHRISTOPHER JAMES FINANCIAL ADVISOR 50.00 0.00 X 279308 0 48631 PELHAM EUGENE L FORMER CEO 0.00 1.00 X 1358663 0 22400 5601273 0 1248368 102 1 1 0 FISERV INC PO BOX 208457 DALLAS TX 75320 CORE PROCESSOR 6184788 VISA USA INC PO BOX 742233 LOS ANGELES CA 90074 CREDIT CARD PROCESSING 3692434 NCR VOYIX CORPORATION 3095 SATELLITE BLVD DULUTH GA 30096 ONLINE/MOBILE BANKING 2791950 S&B JAMES CONSTRUCTION MANAGEMENT CO 8425 AGATE RD WHITE CITY OR 97503 CONSTRUCTION 2646233 COOK SOLUTIONS GROUP INC 9225 NE CASCADES PKWY PORTLAND OR 97220 SECURITY/ATM MAINTENANCE 1956137 73 INTEREST ON LOANS 522100 112595748 112595748 OTHER OPERATING INCOME 522100 36430095 36638542 -208447 SERVICE CHARGES & FEES 522100 3970218 3678783 291435 152996061 41702805 41702805 29540619 4979916 34052825 5069976 -4512206 -90060 -4602266 -4602266 190096600 152913073 82988 37100539 362193 3707997 1381063 40811083 2214134 6085898 3761120 161478 287478 7775954 3141408 5517669 2073053 3690062 429657 39762042 5803182 471059 PROVISION FOR LOAN LOSS 17963033 LOAN SERVICING 7639194 ATM MAINTENANCE 1055900 UBIT TAXES PAID 10000 8100357 162205014 21208070 20476815 15511362 107228659 10467041 10645321 1922627285 1933053035 148293334 41885726 105905651 106407608 767718724 898502110 13072797 150358424 101536495 136157233 2958047425 3362829205 47512168 63381618 953949 1252573 17449651 10672933 25000000 149652341 2679843502 2898460161 2770759270 3123419626 X 0 0 0 0 187288155 239409579 187288155 239409579 2958047425 3362829205 27891586 24229838 0 X 0 1 X 1 0 15550 15550 15550 1 GOWEST CREDIT UNION ASSOCIATION 18000 INTL BLVD 1102 SEATAC WA 98188 910460483 15000 OREGON BUSINESS & INDUSTRY 1149 COURT ST NE SALEM OR 97301 930470826 50 OBI POLITICAL ACTION COMMITTEE 1149 COURT ST NE SALEM OR 97301 930859556 500 PART I-A, LINE 1: ANNUAL CONTRIBUTIONS TO THE CREDIT UNION LEGISLATIVE ACTION FUND, OREGON BUSINESS & INDUSTRY, AND THE OREGON BUSINESS & INDUSTRY PAC, WHICH ENHANCES CREDIT UNION VISIBILITY AMONG LAWMAKERS AND BUILDS STRONG POLITICAL RELATIONSHIPS. 0 1 X 26276857 26276857 84271969 12784005 71487964 314450 254273 60177 37347971 28847448 8500523 82087 82087 106407608 MEMBER SHARES 2898460161 2898460161 X PART IV, LINE 2B: THE CREDIT UNION MAINTAINS ESCROW ACCOUNTS FOR TAXES AND INSURANCE AS PART OF THE LOAN PROGRAM. PART X, LINE 2: THE CREDIT UNION IS STATE-CHARTERED AND FEDERALLY TAX-EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(14), EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME. AN EXEMPT ORGANIZATION RETURN AND UNRELATED BUSINESS INCOME TAX RETURNS ARE FILED ANNUALLY WITH THE APPLICABLE FEDERAL AND STATE TAX JURISDICTIONS. UNRELATED BUSINESS INCOME TAX IS INSIGNIFICANT AND NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE CREDIT UNION HAS TWO WHOLLY-OWNED SUBSIDIARIES, ONE IS A DISREGARDED ENTITY FOR TAX PURPOSES AND IS THEREFORE NOT SUBJECT TO FEDERAL INCOME TAX, THE OTHER IS A 503(C) NONPROFIT ORGANIZATION THAT IS SUBJECT TO 990 INFORMATION REPORTING. ADDITIONALLY, THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2023 AND 2022. THE CREDIT UNION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO THE UNRECOGNIZED TAX BENEFITS AS AN ADMINISTRATIVE EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THE CREDIT UNION RECOGNIZED AN IMMATERIAL AMOUNT OF INTEREST AND PENALTIES. 1 ROGUE CREDIT UNION FOUNDATION INC PO BOX 4450 MEDFORD OR 97501 464522157 501(C)(3) 0 254621 GENERAL SUPPORT OF FULLY CONTROLLED ENTITY GOWEST FOUNDATION 18000 INTERNATIONAL BLVD SEATAC WA 98188 910460483 501(C)(3) 0 20000 CU FOR KIDS AUCTION MAUI COUNTY FEDERAL CREDIT UNION 224 KEHALANI VILLAGE DR WAILUKU HI 93793 990073467 501(C)(14) 0 10000 MAUI WILDFIRE 2 1 PART I, LINE 2: THE MARKETING DEPARTMENT DETERMINES THE AMOUNTS TO BE PAID AND PAYMENTS ARE PROCESSED THROUGH THE ACCOUNTS PAYABLE SYSTEM. X X 1 1 X X X X 0 1 0 PELHAM EUGENE L FORMER CEO 182063 0 1176600 0 0 0 22400 0 0 0 1381063 0 1076601 0 STEPHENSON MATTHEW C CHIEF EXECUTIVE OFFICER 763942 0 249167 0 7636 0 290519 0 25738 0 1337002 0 0 0 HEESE CHAD RICHARD CHIEF LENDING AND STRATEGY OFFICER 315224 0 269650 0 5576 0 82936 0 27173 0 700559 0 216276 0 THURMAN BLAKE CHIEF FINANCIAL OFFICER 315034 0 55209 0 9132 0 115309 0 27087 0 521771 0 0 0 PICKENS JEANNE M CHIEF OPERATIONS OFFICER 310027 0 57030 0 4591 0 120000 0 25743 0 517391 0 0 0 ROBERSON JEFFRY DEE CHIEF INFORMATION OFFICER 302906 0 55598 0 8017 0 94754 0 21678 0 482953 0 0 0 ENGLAND KELLIE L SVP OF MEMBER EXPERIENCE 238574 0 42080 0 2991 0 68363 0 27124 0 379132 0 0 0 JOHNS TIMOTHY CHARLES SVP OF INFORMATION TECHOLOGY SERVICE 227108 0 41609 0 0 0 71141 0 22742 0 362600 0 0 0 OVERTON TROY R SVP OF CONSUMER AND MORTGAGE LENDING 236152 0 41924 0 0 0 63232 0 20919 0 362227 0 0 0 MULKINS SCOTT HAROLD SVP OF ANALYTICS AND ENTERPRISE RISK 216024 0 39780 0 0 0 45751 0 27128 0 328683 0 0 0 DEBEIKES CHRISTOPHER JAMES FINANCIAL ADVISOR 2699 0 276609 0 0 0 22344 0 26287 0 327939 0 0 0 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 GENE PELHAM, RETIRED CEO, PARTICIPATED IN A SERP AND DISTRIBUTIONS OF $1,076,601 WERE MADE DURING THE YEAR. GENE PELHAM PARTICIPATED IN A 457(F) PLAN. CHAD HEESE, CHIEF LENDING AND STRATEGY OFFICER, PARTICIPATED IN A SERP AND DISTRIBUTIONS OF $216,276 WERE MADE DURING THE YEAR. CHAD HEESE 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. MATT STEPHENSON CHIEF EXECUTIVE OFFICER SPLIT DOLLAR LIFE INSURANCE PLAN X 1350000 1505206 0 1 1 BLAKE THURMAN CHIEF FINANCIAL OFFICER SPLIT DOLLAR LIFE INSURANCE PLAN X 1800000 1864273 0 1 1 MATT STEPHENSON 2 CHIEF EXECUTIVE OFFICER SPLIT DOLLAR LIFE INSURANCE PLAN X 2000000 2071414 0 1 1 JEFFRY ROBERSON CHIEF INFORMATION OFFICER SPLIT DOLLAR LIFE INSURANCE PLAN X 2100000 2174985 0 1 1 JEANNE PICKENS CHIEF OPERATIONS OFFICER SPLIT DOLLAR LIFE INSURANCE PLAN X 1525000 1579453 0 1 1 CHAD HEESE CHIEF LENDING & STRATEGY OFFICER SPLIT DOLLAR LIFE INSURANCE PLAN X 1400000 1449990 0 1 1 10645321 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS A FINANCIAL COOPERATIVE THAT IS MEMBER OWNED. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS THAT HAVE REACHED SIXTEEN YEARS OF AGE EACH HAVE ONE VOTE ON MATTERS BROUGHT TO VOTE AT MEMBER MEETINGS, INCLUDING ELECTION OF BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CEO, CFO AND CONTROLLER BEFORE BEING FILED. THE FORM IS AVAILABLE TO THE BOARD OF DIRECTORS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15 IN 2022, A FORMAL OUTSIDE SERVICE WAS UTILIZED, AS WELL AS TWO OTHER PURCHASED SALARY SURVEYS AND REVIEW OF PUBLISHED FORMS 990, FOR ALL VP AND HIGHER POSITIONS, INCLUDING CEO THE BOARD OF DIRECTORS APPROVED THE CEO'S COMPENSATION, AND THE CEO APPROVED THE COMPENSATION FOR ALL VP AND HIGHER POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE POSTED IN BRANCHES FOR MEMBERS TO VIEW. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. ROGUE FEDERAL MEMBER FINANCIAL SERVICES LLC 1370 CENTER DRIVE MEDFORD OR 97501 931261851 INSURANCE & FINANCIAL ADVISORY SERVICES OR 12237 1378253 ROGUE CREDIT UNION ROGUE CREDIT UNION FOUNDATION INC PO BOX 4550 MEDFORD OR 97501 464522157 CHARITABLE GIVING TO LOCAL PROGRAMS OR 501(C)(3) LINE 7 ROGUE CREDIT UNION 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 ROGUE CREDIT UNION FOUNDATION INC B 254621 CASH VALUE