2025-11-17T13:26:34-06:00 2024-12-31 921372905 OPSAHL DAWSON 10940 NE 33RD PLACE SUITE 100 BELLEVUE WA 98004 990 2024-01-01 930241933 OREGONIANS CREDIT UNION OREG 5037040763 6915 SE LAKE ROAD MILWAUKIE OR 97267 MILTON LAUNIUS CEO 5037040763 2025-11-17 1 0 JI-YON HAN CPA P01470686 4258891778 2025-11-14 2024 2025-03-06 01:10:19Z MILTON LAUNIUS 6915 SE LAKE ROAD MILWAUKIE OR 97267 17819181 0 X WWW.OREGONIANSCU.COM X 1936 OR THE CREDIT UNION PROVIDES LOW COST RETAIL FINANCIAL SERVICES TO OVER 19,000 OWNER/MEMBERS WHO PRIMARILY RESIDE IN 13 OREGON COUNTIES. SERVICES INCLUDE CONSUMER, BUSINESS AND CREDIT CARD LOANS AS WELL AS CHECKING AND SAVINGS PROGRAMS, AND DEBIT CARD SERVICES. 7 7 97 7 14754 0 0 0 11417071 13066809 4537844 4737618 16323 14754 15971238 17819181 0 0 0 0 5926651 6024098 0 0 0 7185029 9261075 13111680 15285173 2859558 2534008 347757503 341246165 299794949 290535925 47962554 50710240 THE CREDIT UNION ENCOURAGES THRIFT AMONG ITS MEMBERS, PROVIDES CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, AND PROVIDES AN OPPORTUNITY FOR MEMBERS TO USE AND CONTROL THEIR OWN MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. 0 0 15285173 17804427 THE CREDIT UNION PROVIDED LOW COST RETAIL FINANCIAL SERVICES TO MORE THAN 19,000 OWNER/MEMBERS THROUGH SEVEN BRANCHES LOCATED IN 13 OREGON COUNTIES AND HUNDREDS OF ATMS AND SHARED BRANCH LOCATIONS WITH OTHER CREDIT UNIONS. SERVICES INCLUDE SAVINGS AND DEPOSIT ACCOUNTS; CONSUMER, MORTGAGE, CREDIT CARD AND SMALL BUSINESS LOANS. 15285173 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5914 0 1 97 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 OR X MILTON LAUNIUS 5038335186 6915 SE LAKE ROAD MILWAUKIE OR 97267 MARIAN GRIFFITHS DIRECTOR 1.00 0.00 X 0 0 0 BRIAN MILLER DIRECTOR 2.00 0.00 X 0 0 0 JEFF COFFMAN CHAIRMAN 2.00 0.00 X 0 0 0 ALICIA ANDERSON VICE-CHAIR 1.00 0.00 X 0 0 0 JIM MCBRIDE DIRECTOR 1.00 0.00 X 0 0 0 TRISH ROLIN DIRECTOR 1.00 0.00 X 0 0 0 PAUL DAWSON SECRETARY 1.00 0.00 X 0 0 0 MILTON LAUNIUS CEO 50.00 0.00 X 332889 0 32320 SCOTT WETZLER CFO 50.00 0.00 X 183173 0 4973 516062 0 37293 2 0 1 0 0 LOAN INTEREST REVENUE 522100 10977876 10977876 LOAN & SERVICE FEE REVENUE 522100 2088933 2088933 13066809 4737618 4737618 ATM SURCHARGE REVENUE 522100 14754 14754 14754 17819181 17804427 14754 0 X 553355 553355 4235656 4235656 180131 180131 633731 633731 421225 421225 1259666 1259666 998671 998671 10827 10827 2104852 2104852 487464 487464 PROVISION FOR CREDIT & 1253819 1253819 EXCHANGE FEES 843795 843795 LOAN SERVICING 515375 515375 SOFTWARE AND EQUIPMENT 440599 440599 1346007 1346007 15285173 15285173 0 0 14678978 32733788 15046798 19441091 236669436 214997557 758246 1113991 13445889 6618125 7426032 6827764 56733595 49643217 130423 16313995 16488757 347757503 341246165 2092402 1092506 143229 172553 297559318 289270866 299794949 290535925 X 0 0 0 0 47962554 50710240 47962554 50710240 347757503 341246165 2534008 102838 110840 0 X 0 1 X 1 0 383 383 383 1 CU LEGISLATIVE ACTION FUND 13221 SW 68TH PRKWY 400 TIGARD OR 97223 930953356 383 0 PART I-A, LINE 1: CONTRIBUTION TO CREDIT UNION LEGISLATIVE ACTION FUND (CULAF) 0 1 X 1972230 1972230 5821091 1670938 4150153 5652568 4947187 705381 6827764 MEMBER'S SHARES - SHARE DRAFTS 72386288 MEMBER'S SHARES - REGULAR SHARES 121701838 MEMBER'S SHARES - INDIVIDUAL RETIRE 4432778 MEMBER'S SHARES - IRA SHARES 9913467 MEMBER'S SHARES - MONEY MARKET 51870637 MEMBER'S SHARES - CERTIFICATES 25961527 MEMBER'S SHARES - CLUB ACCOUNTS 1830953 OTHER LIABILITIES 1173378 289270866 X 17819181 0 17819181 0 17819181 15285173 0 15285173 0 15285173 PART IV, LINE 2B: ESCROW FUNDS ARE COLLECTED ON BEHALF OF MEMBERS FOR REAL ESTATE TAX AND INSURANCE EXPENSES AND ARE REPORTED ON THE BALANCE SHEET. PART X, LINE 2: THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL TAXATION OF INCOME FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSE UNDER ITS OREGON STATE CHARTER AS PERMITTED BY IRS SECTION 501(C)(14). THE CREDIT UNION REPORTS ATM SURCHARGE FEE INCOME UNRELATED TO ITS TAX EXEMPT CHARTER ON FORM 990-T. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. PART IV, LINE 2B: EXPLANATION OF ESCROW ACCOUNT LIABILITY ESCROW FUNDS ARE COLLECTED ON BEHALF OF MEMBERS FOR REAL ESTATE TAX AND INSURANCE EXPENSES AND ARE REPORTED ON THE BALANCE SHEET. PART X: FIN48 FOOTNOTE THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL TAXATION OF INCOME FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSE UNDER ITS OREGON STATE CHARTER AS PERMITTED BY IRS SECTION 501(C)(14). THE CREDIT UNION REPORTS ATM SURCHARGE FEE INCOME UNRELATED TO ITS TAX EXEMPT CHARTER ON FORM 990-T. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. X X X X 0 1 0 MILTON LAUNIUS CEO 332889 0 0 0 0 0 19000 0 13320 0 365209 0 0 0 SCOTT WETZLER CFO 183173 0 0 0 0 0 0 0 4973 0 188146 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 OREGONIANS CREDIT UNION IS A MEMBER-OWNED NOT FOR PROFIT FINANCIAL COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD MEMBERS OF THE CREDIT UNION ARE ELECTED BY THE MEMBERS OF THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY MANAGEMENT, THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION HAS IMPLEMENTED A BOARD CODE OF ETHICS POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD COMPENSATION COMMITTEE REVIEWS SENIOR MANAGEMENT COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO MEMBERS AND OTHER INTERESTED PARTIES UPON REQUEST. FORM 990, PART IX, LINE 24E LEGAL & PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 387,961. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 387,961. TELECOMMUNICATIONS: PROGRAM SERVICE EXPENSES 364,275. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 364,275. POSTAGE AND SHIPPING: PROGRAM SERVICE EXPENSES 148,119. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 148,119. STATEMENT PROCESSING: PROGRAM SERVICE EXPENSES 92,467. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 92,467. MEMBER EDUCATION: PROGRAM SERVICE EXPENSES 86,254. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 86,254. SECURITY AND ALARM: PROGRAM SERVICE EXPENSES 76,690. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 76,690. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 60,808. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 60,808. BANK CHARGES: PROGRAM SERVICE EXPENSES 59,462. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 59,462. STAFF TRAINING: PROGRAM SERVICE EXPENSES 36,823. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 36,823. SHARED BRANCHING EXPENSES: PROGRAM SERVICE EXPENSES 33,148. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 33,148.