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Nonprofit · EIN 93-0444581

OREGON STATE CREDIT UNION

Tax-exempt · CORVALLIS, OR 97333

Financials

$114.1M$94.7M2023$144.1M$123.3M2024
Revenue Expenses · by fiscal year end
Financials of OREGON STATE CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$144,117,444$123,336,253$20,781,191$2,568,921,226$2,342,192,714$226,728,512
December 31, 2023990$114,120,989$94,735,577$19,385,412$2,166,247,809$1,966,977,027$199,270,782
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$101,162,681
Investment income
$26,181,196
Net gain from sales of assets
$30,873
Other revenue
$16,773,567

Expenses

Grants and similar amounts paid
$289,041
Compensation of officers, directors and key employees
$4,729,573
Other salaries and wages
$19,015,050
Salaries, compensation and benefits (total)
$34,441,436
Professional fundraising fees
$0
Legal fees
$9,361
Accounting fees
$182,711
Occupancy
$4,157,683
Travel
$65,655
Depreciation
$1,981,747

Balance sheet and other

Total assets, start of year
$2,166,247,809
Total assets, end of year
$2,568,921,226
Total liabilities, end of year
$2,342,192,714
Net assets, end of year
$226,728,512
Land, buildings and equipment
$38,896,542
Publicly traded securities
$461,166,692
Gross unrelated business income
$398,670
Gross receipts
$144,124,502
Employees
370
Volunteers
0
Year formed
1954
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.

NameTitleHours / weekCompensationOther / benefits
HEIN RICHARD SPRESIDENT/CEO
Officer
40$1,192,626$45,420
HEILE-BROWN RHONDA LEXECUTIVE VP/COO
Officer
40$657,481$35,947
SCHUETTE II GARY EPRESIDENT/CEO
Officer
40$579,538$17,632
ROE LAURIE AEXEC VP/CCXO
Officer
40$329,425$145,584
PETERSON JAMES DEXEC VP/CFO
Officer
40$377,797$55,639
GIBSON JAMES DEXEC VP/COO
Officer
40$305,583$100,936
BRANNEN JAMES LEESR VP/GENERAL COUNSEL
Key employee
40$294,661$63,741
WHISENHUNT JOSHUAH CSR VP FINANCIAL SERVICES
Highest-paid employee
40$277,841$75,971
SATHER KIMEXEC VP/CIO
Officer
40$307,880$38,996
JACKSON PAIGE DIANEVP OF HUMAN RESOURCES
Highest-paid employee
40$249,429$40,888
POTURICH MICHELLEFINANCIAL ADVISOR
Highest-paid employee
40$230,765$37,826
SHIRLEY TIFFANY MVP OF RISK MANAGEMENT
Highest-paid employee
40$224,720$42,424
WALKER PETER JVP ORGANIZATIONAL DEVELOPMENT
Highest-paid employee
40$211,199$42,368
KELLEY KAISERBOARD CHAIRPERSON
Trustee or director
1$24,875$0
MICHAEL GREENDIRECTOR
Trustee or director
1$19,204$0
9 more people on this return
NameTitleHours / weekCompensation
REBECCA BADGERDIRECTOR
Trustee or director
1$19,204
MARY BETH ALTMANN HUGHESDIRECTOR
Trustee or director
1$17,792
JAMIE HUGHESDIRECTOR
Trustee or director
1$16,333
TIM ROCAKDIRECTOR
Trustee or director
1$16,004
JAY CONROYDIRECTOR
Trustee or director
1$15,864
ANA LUCIA FONSECA TAPIADIRECTOR
Trustee or director
1$15,667
NADINE DAVISONDIRECTOR
Trustee or director
1$15,667
JONATHAN SASSAMANDIRECTOR
Trustee or director
1$12,333
CARL BRITSCHDIRECTOR
Trustee or director
1$7,744
990 for the year ended December 31, 2023: 26 people
NameTitleHours / weekCompensationOther / benefits
RICHARD HEINPRESIDENT/CEO
Officer
40$950,952$79,897
RHONDA HEILE-BROWNEXECUTIVE VP/COO
Officer
40$720,728$113,333
CRAIG COLEEVP/CIO
Officer
40$539,083$43,210
LAURIE ROEEVP/CCXO
Officer
40$268,833$126,918
JAMES GIBSONSR VP BRANCH SERVICES
Key employee
40$250,866$89,426
JAMES DERRICK PETERSONEVP/CFO
Officer
40$316,996$22,430
BOBBIE WARNEREVP/CFO
Officer
40$269,758$43,004
JOSHUAH WHISENHUNTSR VP FINANCIAL SERVICES
Key employee
40$239,077$67,399
JAMES LEE BRANNENSR VP GENERAL COUNSEL
Key employee
40$241,967$55,412
VICKI D STEVENSDIRECTOR OF EXECUTIVE SERVICES
Highest-paid employee
40$213,928$34,911
PAIGE JACKSONVP OF HUMAN RESOURCES
Highest-paid employee
40$211,992$35,740
TESKER LEMOINEDIRECTOR OF NETWORK SERVICES
Highest-paid employee
40$208,452$25,276
TIFFANY SHIRLEYVP OF RISK MANAGEMENT
Highest-paid employee
40$195,276$37,883
PEGGY L MEHLDIRECTOR OF REGIONAL BRANCH SERVICES
Highest-paid employee
40$194,958$33,371
KIM SATHEREVP/CIO
Officer
40$199,433$12,127
KELLEY KAISERBOARD CHAIRPERSON
Trustee or director
1$23,656$0
MIKE GREENDIRECTOR
Trustee or director
1$17,309$0
REBECCA BADGERDIRECTOR
Trustee or director
1$17,309$0
ANA LUCIA FONSECA TAPIADIRECTOR
Trustee or director
1$15,250$0
NADINE DAVISONDIRECTOR
Trustee or director
1$15,250$0
TIM ROCAKDIRECTOR
Trustee or director
1$15,080$0
JAY CONROYDIRECTOR
Trustee or director
1$14,750$0
THOMAS ELZINGADIRECTOR
Trustee or director
1$12,418$0
JONATHAN SASSAMANDIRECTOR
Trustee or director
1$11,500$0
JAMIE HUGHESDIRECTOR
Trustee or director
1$10,250$0
MARY BETH ALTMANN HUGHESDIRECTOR
Trustee or director
1$7,750$0

Address and contacts

Address (IRS master file)
4800 SW RESEARCH WAY, CORVALLIS, OR 97333-1099
Principal officer (990 for 2024)
GARY SCHUETTE II, 4800 SW RESEARCH WAY, CORVALLIS, OR 97333
Signed the 990
BOBBIE L WARNER, INTERIM CFO
Phone
(541) 714-4000
Return prepared by
DOEREN MAYHEW

Mission

OUR VISION IS TO CREATE FINANCIAL SOLUTIONS TO MAKE LIVES BETTER.

990 for the year ended December 31, 2024

Program accomplishments

  • THE CREDIT UNION CONTINUED TO FULFILL ITS EXPEMPT PURPOSE BY PROVIDING CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, OFFERING COMPETITIVE SHARE DEPOSIT PRODUCTS, AND PROVIDING MEMBERS WITH THE OPPORTUNITY TO IMPROVE THEIR ECONOMIC CONDITION. AS OF DECEMBER 31, 2024, THE CREDIT UNION HAD APPROXIMATELY 146,659 MEMBERS, OF WHICH 67,495 MEMBERS HAVE ACTIVE LOANS. THE TOTAL NUMBER OF DEPOSIT AND SHARE ACCOUNTS WAS 298,589 AND THE TOTAL NUMBER OF LOANS OUTSTANDING WAS 87,025

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
93-0444581
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1944
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,568,921,226
Income (IRS master file)
$144,124,502

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$144,117,444$123,336,253$2,568,921,226XML
990December 2023$114,120,989$94,735,577$2,166,247,809XML
990December 2022$94,549,810$63,080,375$2,140,153,244IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 93-0444581).

Questions about OREGON STATE CREDIT UNION

What is the EIN of OREGON STATE CREDIT UNION?
The employer identification number (EIN) of OREGON STATE CREDIT UNION is 93-0444581.
Is OREGON STATE CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1944.
Are donations to OREGON STATE CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does OREGON STATE 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 OREGON STATE 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 OREGON STATE 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 OREGON STATE CREDIT UNION?
The 990 for the year ended December 31, 2024 names GARY SCHUETTE II.
Who are the officers and directors of OREGON STATE CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 24 people; 24 received compensation from the organization, the highest $1,192,626 (HEIN RICHARD S, PRESIDENT/CEO).
How much revenue does OREGON STATE CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $144,117,444, expenses of $123,336,253 and total assets of $2,568,921,226 at year end.

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