2025-11-13T12:35:10-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2024-01-01 930251640 ADVANTIS CREDIT UNION ADVA 5037852528 14405 MEYERS ROAD 300 OREGON CITY OR 97045 DERRICK PETERSON CFO 5037852528 2025-11-12 1 1 WENDY CAMPOS P00448102 5032421447 2025-11-12 2024 2025-03-06 01:10:19Z X JASON WERTS 14405 MEYERS ROAD 300 OREGON CITY OR 97045 257076198 0 X WWW.ADVANTISCU.ORG X 1928 OR PROVIDING FINANCIAL SERVICES TO MEMBERS. X 12 12 326 17 577388 74894 0 0 76968009 84109576 21712876 22011348 0 0 98680885 106120924 221721 301500 0 0 33962933 37241160 0 0 0 60704018 71042776 94888672 108585436 3792213 -2464512 1954971748 0 1737782312 0 217189436 0 X TO IMPROVE THE FINANCIAL LIVES OF OUR MEMBERS. 0 1 THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO 87,524 MEMBERS. SERVICES INCLUDE SHARE DEPOSITS AND LOANS TO MEMBERS. 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 31962 0 1 326 1 1 1 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 X X DERRICK PETERSON 5037852528 14405 MEYERS ROAD 300 OREGON CITY OR 97045 TARUN GUDZ CHAIR 2.00 X X 19125 0 0 FREDERIC DUPEYROUX DIRECTOR (THRU 10/24) 2.00 X 16000 0 0 AMANDA OWINGS VICE CHAIR 2.00 X X 15625 0 0 BRANDON LEPLEY AUDIT COMMITTEE MEMBER (THRU 10/24) 2.00 X 14000 0 0 TRACI ROSSI DIRECTOR, DEI COMMITTEE CHAIR 2.00 X 13500 0 0 TAMMY TESKE DIRECTOR, GOVERNANCE COMMITTEE CHAIR 2.00 X 13500 0 0 BRYAN SIMS SECRETARY/TREASURER, RISK & FINANCE COMMITTEE CH 2.00 X X 13500 0 0 JAKE JENSEN DIRECTOR 2.00 X 12625 0 0 KELLAN DAVIS AUDIT COMMITTEE CHAIR 2.00 X 12000 0 0 WILLIAM KNUTHS AUDIT COMMITTEE MEMBER 2.00 X 10500 0 0 LIZ SPEER AUDIT COMMITTEE MEMBER 2.00 X 10500 0 0 ROSS WESCOTT AUDIT COMMITTEE MEMBER 2.00 X 10500 0 0 RENEE HALPERN DIRECTOR, NOMINATING COMMITTEE CHAIR (THRU 4/24) 2.00 X 9838 0 0 NATHAN MORALES ASSOCIATE DIRECTOR 2.00 X 8723 0 0 MONIQUE CLAIBORNE ASSOCIATE DIRECTOR (THRU 10/24) 2.00 X 8000 0 0 SHARI DUNN ASSOCIATE DIRECTOR (THRU 10/24) 2.00 X 3640 0 0 PATRICK HAGER DIRECTOR 2.00 X 0 0 0 JASON WERTS PRESIDENT/CEO 40.00 X 590639 0 34165 GREG SPEAR SVP/CHIEF FINANCIAL OFFICER 40.00 X 460811 0 25576 KELI MYERS SVP/CHIEF OPERATING OFFICER 40.00 X 337201 0 32574 CHRISTOPHER GROSHKO SVP/CHIEF EXPERIENCE OFFICER 40.00 X 318081 0 27629 JOHN NICHOLS SVP OF MARKETING 40.00 X 229541 0 17838 JENNIFER MCMURRAY VP OF STRATEGY & ADVOCACY 40.00 X 171677 0 22966 KELLY SONFLIETH VP OF PEOPLE & CULTURE 40.00 X 219365 0 24038 TREVOR HUTCHENS VP OF LENDING 40.00 X 208453 0 28911 NICOLE WHITE VP, DIGITAL BANKING & REMOTE CHANNELS 40.00 X 171788 0 17698 CHRIS CHARLTON VP/CONTROLLER 40.00 X 162940 0 23165 MARY ELLEN LANZISERA DIRECTOR OF RISK MANAGEMENT 40.00 X 161184 0 17475 MARK HULSEY VP OF INFORMATION TECHNOLOGY 40.00 X 164812 0 10258 KARI BRIGGS VP OF OPERATIONS 40.00 X 158502 0 20268 KATHERINE STEVENS AVP OF MEMBER EXPERIENCE 40.00 X 145086 0 23944 ANDRE WALCOTT VP OF DEI 40.00 X 131733 0 15377 JOHN LECKEY DIRECTOR OF COMMERCIAL LENDING 40.00 X 131054 0 19192 3954443 0 361074 27 0 1 0 REGENCE GROUP ADMINISTRATORS 10700 NORTHUP WAY STE 100 BELLEVUE WA 98004 HEALTHCARE ADMINISTRATION 2840558 CU COOPERATIVE SYSTEMS INC 9692 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 DEBIT AND CREDT CARD PROCESSING 2037494 ALKAMI TECHNOLOGY INC DEPT 2223 PO BOX 122223 DALLAS TX 753122223 ONLINE BANKING 1568776 VISA USA INC PO BOX 742233 LOS ANGELES CA 90074 DEBIT AND CREDIT CARD PROCESSING 879037 FISERV PO BOX 208457 DALLAS TX 753208457 CORE PROCESSING 748166 32 LOANS 522100 73927534 73927534 OTHER NON INTEREST INC 522100 5086185 4532919 553266 SERVICE CHARGES AND FE 522100 4192208 4168086 24122 INTERCHANGE INCOME 522100 1617760 1617760 NET LOSS ON SALE OF LO 522100 -714111 -714111 84109576 21360695 21360695 151605927 150955274 650653 650653 672196 -21543 106120924 84204384 577388 21339152 286750 14750 3495291 23217114 2087858 5894987 2545910 777656 579274 4119261 803214 3809065 1207326 189125 2451347 71371 72822 32767534 4388499 246667 PROVISION FOR LOAN LOSS 10422138 VISA/ATM EXPENSE 1872635 LENDING EXPENSE 1698516 5566326 108585436 331887812 0 0 0 0 0 0 1335071818 0 0 1778944 0 0 53969356 0 141661120 0 24240563 0 0 0 66362135 0 1954971748 0 20494017 15000000 0 1702288295 0 1737782312 0 X 0 0 0 0 217189436 0 217189436 0 1954971748 0 X -2464512 821728 -215546652 X 0 1 X 1 0 30000 0 30000 30000 1 CULAF 8205 SW CREEKSIDE PLACE 220 BEAVERTON OR 97008 800043051 30000 PART I-A, LINE 1: THE CREDIT UNION'S ONLY POLITICAL ACTIVITY IS CONTRIBUTIONS TO THE CREDIT UNION LEGISLATIVE ACTION FUND. 0 X PART X, LINE 2: FIN 48 (ASC 740) UNCERTAIN TAX POSITIONS FOOTNOTE FROM FINANCIAL STATEMENTS - THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE THAT HAS RESULTED IN NO SIGNIFICANT INCOME TAXES PAID. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2024. THE CREDIT UNION'S 2020 THROUGH 2022 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. 0 SUNSHINE DIVISION 687 N THOMPSON PORTLAND OR 97227 930429354 501(C)(3) 41250 0 GENERAL DONATION URBAN LEAGUE 10 N RUSSELL ST PORTLAND OR 97227 930395590 501(C)(3) 30757 0 GENERAL DONATION BOYS & GIRLS CLUBS OF PORTLAND 7119 SE MILWAUKIE AVE PORTLAND OR 97202 930474800 501(C)(3) 22500 0 GENERAL DONATION WORLDWIDE FOUNDATION PO BOX 2982 MADISON WI 53701 396093210 501(C)(3) 17000 0 GENERAL DONATION CHILDREN'S MIRACLE NETWORK HOSPITALS 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 870387205 501(C)(3) 15000 0 GENERAL DONATION YOUTH MUSIC PROJECT 2015 8TH AVE WEST LINN OR 97068 460923905 501(C)(3) 10000 0 GENERAL DONATION OUTSIDE IN 1132 SW 13TH AVE PORTLAND OR 97205 930567549 501(C)(3) 10000 0 GENERAL DONATION GIRLS BUILD 3625 N MISSISSIPPI PORTLAND OR 97227 811411091 501(C)(3) 10000 0 GENERAL DONATION GUIDE DOGS FOR THE BLIND INC 350 LOS RANCHITOS RD SAN RAFAEL CA 94903 941196195 501(C)(3) 10000 0 GENERAL DONATION WITH LOVE OREGON 14555 SW 74TH AVE TIGARD OR 97224 462869595 501(C)(3) 8000 0 GENERAL DONATION CLACKAMAS COMMUNITY COLLEGE 19600 MOLALLA AVE OREGON CITY OR 97045 930579576 501(C)(3) 6150 0 GENERAL DONATION THE OREGON COMMUNITY FOUNDATION 1221 SW YAMHILL ST STE 100 PORTLAND OR 97205 237315673 501(C)(3) 5850 0 GENERAL DONATION BIG BROTHERS BIG SISTERS COLUMBIA NW 6443 SW BEAVERTON HILLSDALE HWY 20 PORTLAND OR 97221 931303640 501(C)(3) 5200 0 GENERAL DONATION 13 0 COLLEGE SAVINGS 13 7500 STUDENT LOAN REIMBURSEMENT 12 7250 X X 1 1 X X 0 1 0 JASON WERTS PRESIDENT/CEO 475550 0 91826 0 23263 0 18112 0 16053 0 624804 0 0 0 GREG SPEAR SVP/CHIEF FINANCIAL OFFICER 288006 0 59840 0 112965 0 14807 0 10769 0 486387 0 0 0 KELI MYERS SVP/CHIEF OPERATING OFFICER 268314 0 58258 0 10629 0 16980 0 15594 0 369775 0 0 0 CHRISTOPHER GROSHKO SVP/CHIEF EXPERIENCE OFFICER 254648 0 53701 0 9732 0 16677 0 10952 0 345710 0 0 0 JOHN NICHOLS SVP OF MARKETING 183416 0 39054 0 7071 0 6886 0 10952 0 247379 0 0 0 KELLY SONFLIETH VP OF PEOPLE & CULTURE 184122 0 27123 0 8120 0 13057 0 10981 0 243403 0 0 0 TREVOR HUTCHENS VP OF LENDING 181105 0 26883 0 465 0 13619 0 15292 0 237364 0 0 0 JENNIFER MCMURRAY VP OF STRATEGY & ADVOCACY 136456 0 28417 0 6804 0 12014 0 10952 0 194643 0 0 0 NICOLE WHITE VP, DIGITAL BANKING & REMOTE CHANNEL 144568 0 21357 0 5863 0 11223 0 6475 0 189486 0 0 0 CHRIS CHARLTON VP/CONTROLLER 142416 0 20060 0 464 0 11405 0 11760 0 186105 0 0 0 KARI BRIGGS VP OF OPERATIONS 133961 0 19176 0 5365 0 11093 0 9175 0 178770 0 0 0 MARY ELLEN LANZISERA DIRECTOR OF RISK MANAGEMENT 145738 0 14973 0 473 0 10951 0 6524 0 178659 0 0 0 MARK HULSEY VP OF INFORMATION TECHNOLOGY 137865 0 20235 0 6712 0 9657 0 601 0 175070 0 0 0 KATHERINE STEVENS AVP OF MEMBER EXPERIENCE 126741 0 12978 0 5367 0 8511 0 15433 0 169030 0 0 0 JOHN LECKEY DIRECTOR OF COMMERCIAL LENDING 118342 0 12247 0 465 0 3931 0 15261 0 150246 0 0 0 PART I, LINE 1A OCCASIONAL AIRFARE FOR COMPANIONS ON CREDIT UNION OFFICIAL BUSINESS. THIS IS TREATED AS A TAXABLE BENEFIT AND APPLIES ONLY TO THE BOARD OF DIRECTORS. PART I, LINE 3 APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY. PART I, LINE 4B PARTICIPANTS INCLUDE GREG SPEAR, TIM CLOUSE (FORMER), CHRIS CHARLTON, MARK HULSEY, TREVOR HUTCHENS, KELLY SONFLIETH, AND NICOLE WHITE. GREG SPEAR WAS THE ONLY ONE WHO RECEIVED A PAYOUT IN 2024 OF $150,000. CASH 2024-09-30 139794337 N/A - FOR ACCOUNTING, RIVERMARK MERGED INTO ADVANTIS 936024307 RIVERMARK COMMUNITY CREDIT UNION 14405 MEYERS RD OREGON CITY OR 97045 501(C)(14) INVESTMENTS 2024-09-30 224706468 N/A - FOR ACCOUNTING, RIVERMARK MERGED INTO ADVANTIS 936024307 RIVERMARK COMMUNITY CREDIT UNION 14405 MEYERS RD OREGON CITY OR 97045 501(C)(14) ACCRUED INTEREST 2024-09-30 5045834 N/A - FOR ACCOUNTING, RIVERMARK MERGED INTO ADVANTIS 936024307 RIVERMARK COMMUNITY CREDIT UNION 14405 MEYERS RD OREGON CITY OR 97045 501(C)(14) LOANS AND LEASES 2024-09-30 1325290730 N/A - FOR ACCOUNTING, RIVERMARK MERGED INTO ADVANTIS 936024307 RIVERMARK COMMUNITY CREDIT UNION 14405 MEYERS RD OREGON CITY OR 97045 501(C)(14) ALLOWANCE FOR LOAN LOSSES 2024-09-30 -16945663 N/A - FOR ACCOUNTING, RIVERMARK MERGED INTO ADVANTIS 936024307 RIVERMARK COMMUNITY CREDIT UNION 14405 MEYERS RD OREGON CITY OR 97045 501(C)(14) OTHER ASSETS 2024-09-30 141547276 N/A - FOR ACCOUNTING, RIVERMARK MERGED INTO ADVANTIS 936024307 RIVERMARK COMMUNITY CREDIT UNION 14405 MEYERS RD OREGON CITY OR 97045 501(C)(14) FIXED ASSETS 2024-09-30 69269730 N/A - FOR ACCOUNTING, RIVERMARK MERGED INTO ADVANTIS 936024307 RIVERMARK COMMUNITY CREDIT UNION 14405 MEYERS RD OREGON CITY OR 97045 501(C)(14) ACCUMULATED DEPRECIATION 2024-09-30 -17059925 N/A - FOR ACCOUNTING, RIVERMARK MERGED INTO ADVANTIS 936024307 RIVERMARK COMMUNITY CREDIT UNION 14405 MEYERS RD OREGON CITY OR 97045 501(C)(14) RIGHT-OF-USE ASSET 2024-09-30 1301476 N/A - FOR ACCOUNTING, RIVERMARK MERGED INTO ADVANTIS 936024307 RIVERMARK COMMUNITY CREDIT UNION 14405 MEYERS RD OREGON CITY OR 97045 501(C)(14) DEPOSITS 2024-09-30 -1611557045 N/A - FOR ACCOUNTING, RIVERMARK MERGED INTO ADVANTIS 936024307 RIVERMARK COMMUNITY CREDIT UNION 14405 MEYERS RD OREGON CITY OR 97045 501(C)(14) ACCRUED EXPENSES 2024-09-30 -45846566 N/A - FOR ACCOUNTING, RIVERMARK MERGED INTO ADVANTIS 936024307 RIVERMARK COMMUNITY CREDIT UNION 14405 MEYERS RD OREGON CITY OR 97045 501(C)(14) 1 1 0 0 0 0 0 0 0 PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: ADVANTIS CREDIT UNION WILL BE MERGED AND WILL NO LONGER OPERATE UNDER ITS CURRENT NAME AFTER DECEMBER 31, 2024. AS A PART OF THE MERGER, IT WAS AGREED HALF OF THE OFFICIALS OF BOTH LEGACY INSTITUTIONS WOULD BECOME THE BOARD OF THE SURVIVING INSTITUTION. THE KEY EMPLOYEES WERE ALSO SHARED FROM EACH LEGACY INSTITUTION. FORM 990, PART III, LINE 3 ADVANTIS CREDIT UNION HAS MERGED WITH RIVERMARK COMMUNITY CREDIT UNION AND CEASED OPERATIONS UNDER THE NAME ADVANTIS CREDIT UNION. AS OF DECEMBER 31, 2024, THE ENTITY WILL NO LONGER FILE UNDER ITS FORMER EIN, AS ALL ASSETS, LIABILITIES, AND OPERATIONS HAVE BEEN TRANSFERRED TO RIVERMARK COMMUNITY CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS ONE VOTE IN ANNUAL ELECTIONS OF MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12 INTERNAL AUDIT CONDUCTS PERIODIC REVIEWS OF EMPLOYEE AND BOARD ACCOUNTS, REVIEWS TO ENSURE CONTROL RESTRICTIONS ARE IN PLACE IN XP, AND THEY REVIEW FEE WAIVER AND EXPENSE REPORTS. ADDITIONALLY, THE CU ENCOURAGES EMPLOYEES TO REPORT MISCONDUCT AND PROVIDES A MEANS TO DO SO ANONYMOUSLY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR CEO: THE BOARD OF DIRECTORS REVIEWS AN ANNUAL THIRD PARTY SALARY SURVEY FOR THE CEO POSITION AND SETS AN UPDATED SALARY RANGE. COMPENSATION PROCESS FOR OFFICERS AND KEY EMPLOYEES: THIRD PARTY SURVEYS ARE OBTAINED FOR ALL STAFF ON AN ANNUAL BASIS. SALARY RANGES FOR THESE POSITIONS ARE PREPARED BY THE VP OF PEOPLE AND CULTURE AND APPROVED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER UPON MERGER -215,546,652.