Nonprofit · EIN 93-0241933
OREGONIANS CREDIT UNION
Tax-exempt · MILWAUKIE, OR 97267
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $17,819,181 | $15,285,173 | $2,534,008 | $341,246,165 | $290,535,925 | $50,710,240 |
| December 31, 2023 | 990 | $15,971,238 | $13,111,680 | $2,859,558 | $347,757,503 | $299,794,949 | $47,962,554 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $13,066,809
- Investment income
- $4,737,618
- Other revenue
- $14,754
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $553,355
- Other salaries and wages
- $4,235,656
- Salaries, compensation and benefits (total)
- $6,024,098
- Professional fundraising fees
- $0
- Occupancy
- $998,671
- Depreciation
- $487,464
- Program services (functional)
- $15,285,173
Balance sheet and other
- Total assets, start of year
- $347,757,503
- Total assets, end of year
- $341,246,165
- Total liabilities, end of year
- $290,535,925
- Net assets, end of year
- $50,710,240
- Land, buildings and equipment
- $6,827,764
- Publicly traded securities
- $49,643,217
- Gross unrelated business income
- $14,754
- Gross receipts
- $17,819,181
- Employees
- 97
- Volunteers
- 7
- Year formed
- 1936
- State of legal domicile
- OR
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MILTON LAUNIUS | CEO Officer | 50 | $332,889 | $32,320 |
| SCOTT WETZLER | CFO Officer | 50 | $183,173 | $4,973 |
| MARIAN GRIFFITHS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN MILLER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JEFF COFFMAN | CHAIRMAN Trustee or director | 2 | $0 | $0 |
| ALICIA ANDERSON | VICE-CHAIR Trustee or director | 1 | $0 | $0 |
| JIM MCBRIDE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRISH ROLIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL DAWSON | SECRETARY Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MILTON LAUNIUS | CEO Officer | 55 | $317,015 | $70,667 |
| SCOTT WETZLER | CFO Officer | 45 | $165,862 | $8,991 |
| MARIAN GRIFFITHS | Director Trustee or director | 1 | $0 | $0 |
| BRIAN MILLER | Director Trustee or director | 2 | $0 | $0 |
| JEFF COFFMAN | Chairman Trustee or director | 2 | $0 | $0 |
| ALICIA ANDERSON | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| JIM MCBRIDE | Director Trustee or director | 1 | $0 | $0 |
| TRISH ROLIN | Director Trustee or director | 1 | $0 | $0 |
| PAUL DAWSON | Secretary Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6915 SE LAKE RD, MILWAUKIE, OR 97267-2103
- In care of
- % KRYSTAL DYKES
- Principal officer (990 for 2024)
- MILTON LAUNIUS, 6915 SE LAKE ROAD, MILWAUKIE, OR 97267
- Signed the 990
- MILTON LAUNIUS, CEO
- Phone
- (503) 704-0763
- Website
- WWW.OREGONIANSCU.COM
- Return prepared by
- OPSAHL DAWSON
Mission
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.
Program accomplishments
- 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.Expenses $15,285,173 · revenue $17,804,427
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 93-0241933
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 0728: STATE CHARTERED CREDIT UNIONS IN OREGON
- Assets (IRS master file)
- $341,246,165
- Income (IRS master file)
- $17,819,181
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $17,819,181 | $15,285,173 | $341,246,165 | IRS |
| 990 | December 2023 | $15,971,238 | $13,111,680 | $347,757,503 | XML |
| 990 | December 2022 | $11,837,006 | $10,328,132 | $381,324,647 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 93-0241933).
Questions about OREGONIANS CREDIT UNION
- What is the EIN of OREGONIANS CREDIT UNION?
- The employer identification number (EIN) of OREGONIANS CREDIT UNION is 93-0241933.
- Is OREGONIANS CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1944.
- Which annual return does OREGONIANS CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OREGONIANS CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OREGONIANS CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of OREGONIANS CREDIT UNION?
- The 990 for the year ended December 31, 2024 names MILTON LAUNIUS.
- Who are the officers and directors of OREGONIANS CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $332,889 (MILTON LAUNIUS, CEO).
- How much revenue does OREGONIANS CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $17,819,181, expenses of $15,285,173 and total assets of $341,246,165 at year end.
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