Oregon Community Credit Union
- Assets
- $3.5b
- Revenue
- $159.8m
- Investments
- $39.1m
- Employees
- 751
- Location
- Eugene, OR
- Founding
- 10/1944
- Data as of
- 12/2022
- EIN
- 93-0492535
Organization Overview
Oregon Community Credit Union is located in Eugene, OR. The organization was established in 1944. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Oregon Community Credit Union employed 751 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Oregon Community 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 12/2022, Oregon Community Credit Union generated $159.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $129.8m during the year ending 12/2022. While expenses have increased by 10.8% per year over the past 8 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 2017, Oregon Community Credit Union has awarded 43 individual grants totaling $3,357,575. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST OUR MEMBERS IN MAKING BENEFICIAL LONG-TERM FINANCIAL DECISIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING THE FINANCIAL WELLBEING AND THRIFT OF 260,993 MEMBERS DURING 2022 BY PROVIDING LOAN AND SAVINGS SERVICES AT COMPETITIVE RATES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanine Louise Jensen Board Chair | OfficerTrustee | 8 | $36,545 |
William Inge Board Vice Chair | OfficerTrustee | 8 | $24,962 |
Beverly Anderson Board Secretary | OfficerTrustee | 8 | $26,129 |
John Gogol Board Director | Trustee | 8 | $24,129 |
Thomas Larson Board Director | Trustee | 8 | $25,712 |
Genevieve Parker Board Director | Trustee | 8 | $22,962 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mckenzie Commercial Contractors Inc Contractor | 12/30/22 | $2,481,079 |
Alkami Technology Inc Internet Banking | 12/30/22 | $2,476,882 |
Cook Solutions Group Inc Atm Servicing | 12/30/22 | $2,079,200 |
Synergi Partners Inc Consulting Services | 12/30/22 | $1,529,013 |
Lending Solutions Inc Call Center Overflow | 12/30/22 | $1,234,482 |
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 | $158,831,305 |
| Investment income | $4,192,834 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,264,576 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $159,759,563 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $705,090 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,908,714 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,784,435 |
| Pension plan accruals and contributions | $2,610,194 |
| Other employee benefits | $5,588,494 |
| Payroll taxes | $3,923,414 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $252,758 |
| Fees for services: Accounting | $633,511 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,623,051 |
| Advertising and promotion | $4,069,376 |
| Office expenses | $2,603,792 |
| Information technology | $3,799,769 |
| Royalties | $0 |
| Occupancy | $2,702,280 |
| Travel | $429,442 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95,319 |
| Interest | $13,456,448 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,210,421 |
| Insurance | $705,479 |
| All other expenses | $0 |
| Total functional expenses | $129,830,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,268,188 |
| Savings and temporary cash investments | $143,240,800 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $681,281 |
| Loans from Officers, Directors, or Controlling Persons | $57,301,879 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,036,826,727 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $136,155,334 |
| Net Land, buildings, and equipment | $18,928,811 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $39,054,112 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,568,624 |
| Total assets | $3,461,025,756 |
| Accounts payable and accrued expenses | $589,029,478 |
| Grants payable | $0 |
| Deferred revenue | $543,384 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,555,034,267 |
| Total liabilities | $3,144,607,129 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $316,418,627 |
| Total liabilities and net assets/fund balances | $3,461,025,756 |
Grants Awarded
Over the last fiscal year, Oregon Community Credit Union has awarded $658,134 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
EUGENE AREA CHAMBER OF COMMERCE PURPOSE: GENERAL SUPPORT | $6,340 |
OCCU FOUNDATION PURPOSE: GENERAL SUPPORT | $564,878 |
EUGENE MARATHON PURPOSE: GENERAL SUPPORT | $56,666 |
SPRINGFIELD AREA CHAMBER OF COMMERCE PURPOSE: GENERAL SUPPORT | $5,250 |
WORLDWIDE FOUNDATION OF CREDIT UNIONS PURPOSE: GENERAL SUPPORT | $10,000 |
CHILDREN'S MIRACLE NETWORK PURPOSE: GENERAL SUPPORT | $15,000 |