OREGON STATE CREDIT UNION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1954

Legal Domicile

Principal Officer

GARY SCHUETTE II

Phone

5417144000

Tax Period

2023-01-01 to 2023-12-31

OREGON STATE CREDIT UNION, founded in 1954, is a major nonprofit that reported $114.1M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19.4M, a strong 17% operating margin.

Mission

PROVIDES FINANCIAL SERVICES TO MEMBERSHIP.

Program Service Accomplishments

Program 1

THE CREDIT UNION CONTINUED TO FULFILL ITS EXEMPT PURPOSE BY PROVIDING CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, OFFERING COMPETITIVE SHARE DEPOSIT PRODUCTS, AND PROVIDING MEMBERS WITH THE...

THE CREDIT UNION CONTINUED TO FULFILL ITS EXEMPT 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, 2023, THE CREDIT UNION HAD APPROXIMATELY 142,504 MEMBERS, OF WHICH 67,309 MEMBERS HAVE ACTIVE LOANS. THE TOTAL NUMBER OF DEPOSIT AND SHARE ACCOUNTS WAS 293,663 AND THE TOTAL NUMBER OF LOANS OUTSTANDING WAS 87,770.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $85,719,117

Investment Income $12,162,646

Other Revenue $16,239,226

TOTAL REVENUE $114,120,989

Expense Breakdown

Grants Paid $283,465

Salaries & Benefits $32,896,003

Fundraising Expenses $0

Other Expenses $61,556,109

TOTAL EXPENSES $94,735,577

Year-over-Year Comparison

	2023	2022	Change
Revenue	$114,120,989	$94,549,810	+0.2%
Expenses	$94,735,577	$63,080,375	+0.5%
Net Income	$19,385,412	$31,469,435	-0.4%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

339

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$3,706,702

Total Directors

$160,522

Key Employees

$944,147

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANA LUCIA FONSECA TAPIA	DIRECTOR	1.00	Director	$15,250	$0	$15,250
JAMIE HUGHES	DIRECTOR	1.00	Director	$10,250	$0	$10,250
JAY CONROY	DIRECTOR	1.00	Director	$14,750	$0	$14,750
JONATHAN SASSAMAN	DIRECTOR	1.00	Director	$11,500	$0	$11,500
MARY BETH ALTMANN HUGHES	DIRECTOR	1.00	Director	$7,750	$0	$7,750
MIKE GREEN	DIRECTOR	1.00	Director	$17,309	$0	$17,309
NADINE DAVISON	DIRECTOR	1.00	Director	$15,250	$0	$15,250
REBECCA BADGER	DIRECTOR	1.00	Director	$17,309	$0	$17,309
THOMAS ELZINGA	DIRECTOR	1.00	Director	$12,418	$0	$12,418
TIM ROCAK	DIRECTOR	1.00	Director	$15,080	$0	$15,080
KELLEY KAISER	BOARD CHAIRPERSON	1.00	Director	$23,656	$0	$23,656
RICHARD HEIN	PRESIDENT/CEO	40.00	Officer	$950,952	$79,897	$1,030,849
RHONDA HEILE-BROWN	EXECUTIVE VP/COO	40.00	Officer	$720,728	$113,333	$834,061
CRAIG COLE	EVP/CIO	40.00	Officer	$539,083	$43,210	$582,293
JAMES DERRICK PETERSON	EVP/CFO	40.00	Officer	$316,996	$22,430	$339,426
LAURIE ROE	EVP/CCXO	40.00	Officer	$268,833	$126,918	$395,751
BOBBIE WARNER	EVP/CFO	40.00	Officer	$269,758	$43,004	$312,762
KIM SATHER	EVP/CIO	40.00	Officer	$199,433	$12,127	$211,560
JAMES GIBSON	SR VP BRANCH SERVICES	40.00	Key Emp	$250,866	$89,426	$340,292
JAMES LEE BRANNEN	SR VP GENERAL COUNSEL	40.00	Key Emp	$241,967	$55,412	$297,379
JOSHUAH WHISENHUNT	SR VP FINANCIAL SERVICES	40.00	Key Emp	$239,077	$67,399	$306,476
VICKI D STEVENS	DIRECTOR OF EXECUTIVE SERVICES	40.00	Highest	$213,928	$34,911	$248,839
PAIGE JACKSON	VP OF HUMAN RESOURCES	40.00	Highest	$211,992	$35,740	$247,732
TIFFANY SHIRLEY	VP OF RISK MANAGEMENT	40.00	Highest	$195,276	$37,883	$233,159
PEGGY L MEHL	DIRECTOR OF REGIONAL BRANCH SERVICES	40.00	Highest	$194,958	$33,371	$228,329
TESKER LEMOINE	DIRECTOR OF NETWORK SERVICES	40.00	Highest	$208,452	$25,276	$233,728

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$114,120,989	$94,735,577	$2,166,247,809	$19,385,412
2022	$94,549,810	$63,080,375	$2,140,153,244	$31,469,435
2021	$81,968,900	$48,134,102	$2,088,594,766	$33,834,798
2020	$74,445,709	$56,032,999	$1,759,309,028	$18,412,710
2019	$69,071,607	$47,823,131	$1,393,221,089	$21,248,476
2018	$59,866,405	$45,949,476	$1,316,827,425	$13,916,929