Dec, 31, 2023 — RIVERMARK COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in BEAVERTON, OR with 12 branch locations and about $1.45 billion in total assets. Opened 73 years ago in 1951, RIVERMARK COMMUNITY CREDIT UNION has about 90,796 members and employs 299 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RIVERMARK COMMUNITY CREDIT UNION |
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Address: (Main Office) | 9125 SW Gemini Dr BEAVERTON, OR 97008-7393 |
Phone: | (800) 452-8502 |
Fax: | |
Website: | https://www.rivermarkcu.org |
Branches: | 12 branch locations |
Members: | 90,796 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65644 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,448,214,616 |
CEO/Manager: | Seth Schaefer |
Chairperson: | Kim Bickford |
ASSETS: | $ Amount |
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Cash & Equivalents | 111,894,118 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 404,000 |
Real Estate Loans | 544,167,273 |
Unsecured Loans | 122,754,103 |
Other Loans | 185,731,154 |
TOTAL LOANS | 852,652,530 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,513,952 |
Land And Building | 7,762,205 |
Other Fixed Assets | 6,681,960 |
NCUSIF Deposit | 10,752,807 |
All Other Assets | 161,702 |
TOTAL ASSETS | 1,448,214,616 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 155,000,000 |
Accounts Payable & Other Liabilities | 27,152,048 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 381,174,866 |
Regular shares | 330,437,654 |
All Other Shares & Deposits | 474,272,218 |
TOTAL SHARES & DEPOSITS | 1,185,884,738 |
TOTAL LIABILITIES | 1,368,036,786 |
Regular Reserve | 0 |
Other Reserves | -49,667,292 |
Undivided Earnings | 129,845,122 |
TOTAL EQUITY | 80,177,830 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,448,214,616 |
INCOME & EXPENSE | |
Loan Income | 49,056,906 |
Investment Income | 14,021,296 |
Other Income | 6,438,815 |
Total Employee Compensation & Benefits | 30,486,333 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 22,400,896 |
Non-operating Income & (Expense) | 22,240 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,017,643 |
Cost of Funds | 17,935,005 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 8,278,066 |
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