Oregon State Credit Union

Organization Overview

Oregon State Credit Union is located in Corvallis, OR. The organization was established in 1944. As of 12/2021, Oregon State Credit Union employed 338 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Oregon State Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Oregon State Credit Union generated $82.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $48.1m during the year ending 12/2021. While expenses have increased by 6.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Oregon State Credit Union has awarded 49 individual grants totaling $639,995. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDES FINANCIAL SERVICES TO MEMBERSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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, 2021, THE CREDIT UNION HAD APPROXIMATELY 132,837 MEMBERS, OF WHICH 64,386 MEMBERS HAVE ACTIVE LOANS. THE TOTAL NUMBER OF DEPOSIT AND SHARE ACCOUNTS WAS 265,834 AND THE TOTAL NUMBER OF LOANS OUTSTANDING WAS 83,617.


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Board, Officers & Key Employees

Name (title)Compensation
Richard Hein
President/ceo
$1,418,768
Rhonda Heile-Brown
Executive Vp/coo
$411,479
Jaimy Herbert
Ext Morg Ln Officer
$325,067
Bobbie Warner
Evp/cfo
$279,352
Craig Cole
Evp/cio
$275,510
Bonnie Humphrey-Anderson
Executive Vp/cfo
$271,818

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ncr Corporation
Online Banking
$1,196,101
Diebold Inc
Banking Equipment
$591,554
Visa Usa Inc
Visa Debit And Credit Processing
$1,604,808
Pscu Financial Services Dda
Transaction Processing
$1,123,391
Infoimage
Statement Processing
$1,276,315
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$61,148,525
Investment income $5,989,228
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $51,030
Net Gain/Loss on Asset Sales $217,910
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $81,968,900

Grants Awarded

Over the last fiscal year, Oregon State Credit Union has awarded $116,420 in support to 9 organizations.

Grant RecipientAmount

WEST OREGON UNIVERSITY FOUNDATION

Org PageRecipient Profile

Monmouth, OR

PURPOSE: OPERATIONAL SUPPORT AND SCHOLARSHIPS

$20,500

OREGON HEALTH AND SCIENCE UNIVERSITY FOUNDATION

Org PageRecipient Profile

Portland, OR

PURPOSE: OPERATIONAL SUPPORT

$20,000

CHILDREN'S MIRACLE NETWORK

Org PageRecipient Profile

Salt Lake City, UT

PURPOSE: DONATION TO LOCAL CHILDRENS HOSPITAL VIA NATIONAL CHARITY

$20,000

OREGON STATE UNIVERSITY FOUNDATION

Org PageRecipient Profile

Corvallis, OR

PURPOSE: DONATION TO BUILDING CAMPAIGN AND SCHOLARSHIP SUPPORT

$19,920

LINN-BENTON COMMUNITY COLLEGE FOUNDATION

Org PageRecipient Profile

Albany, OR

PURPOSE: SCHOLARSHIP SUPPORT

$11,700

BOY & GIRLS CLUB OF CORVALLIS

Org PageRecipient Profile

Corvallis, OR

PURPOSE: DONATION TO BUILDING CAMPAIGN

$7,000
View Grant Profile

Peer Organizations

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