Work-in-progress version of SherPa. Work-in-progress version of SherPa.
Oregon
Last updated on 2020-05-01
General
not credit union specific
- Officer Loan Status
- Yes if mutual benefit corporation, additional requirements if public benefit corporation
- Officer Loan Comment
- If mutual benefit, board must find that loan will benefit corp and either be specifically approved or part of a generally approved program of loans. If public benefit, cannot exceed 3 years, must get majority board vote sans interested parties, must give notice to members, and must notify state Attorney General at least 20 days before the loan becomes binding on the corporation.
- Officer Loan Statute
- ORS § 65.364
Credit Union Information
- Split Dollar Process
- Ask
- Split Dollar Comment
- Call with Janet Powell
- Parity Process
- Notify
- Parity Comment
- 45 days before for BOLI
- Parity Statute
- —
- Alternative To Parity Request
- —
- CDA Status
- See note
- CDA Comment
- Not specifically addressed. But there is a parity statute (723.156) and statutory power to make charitable contributions (723.152(20)).
- Director Compensation Status
- Reasonable compensation okay.
- Director Compensation Statute
- ORS § 723.266
- Credit Union Regulator
- https://dfr.oregon.gov/business/licensing/financial/Pages/credit-unions.aspx
State Chartered Credit Unions
20 credit unions chartered in Oregon
| Name | Charter Number | CEO | Total Assets | Net Worth | CA SD | Concentration |
|---|---|---|---|---|---|---|
| NORTHWEST COMMUNITY | 61716 | John Iglesias | $1,831,199,564 | $167,759,662 | $0 | 0% |
| ADVANTIS | 62659 | Jason Werts | $2,003,571,559 | $206,757,030 | $5,855,280 | 2.83% |
| CENTRAL WILLAMETTE | 62665 | Stacie Wyss-Schoenborn | $487,731,630 | $43,853,984 | $6,766,128 | 15.43% |
| ONPOINT COMMUNITY | 62745 | Robert Stuart | $9,385,084,591 | $928,759,817 | $0 | 0% |
| SELCO COMMUNITY | 63196 | Bob Newcomb | $2,618,043,734 | $257,564,313 | $4,406,968 | 1.71% |
| NW PRIORITY | 63315 | Julianne Garren | $306,080,695 | $37,968,892 | $0 | 0% |
| UNITUS COMMUNITY | 63440 | Steven Stapp | $1,744,799,183 | $160,912,731 | $0 | 0% |
| GATEWAY | 63476 | Marcos Sulistio | $33,470,156 | $5,891,178 | $0 | 0% |
| RADIO CAB | 63903 | Paul Gibson | $3,833,576 | $847,497 | $0 | 0% |
| POINT WEST | 63971 | Amy Nelson | $113,906,521 | $10,894,646 | $659,089 | 6.05% |
| BENTON COUNTY SCHOOLS | 64059 | Amanda Held | $74,508,275 | $5,470,599 | $0 | 0% |
| FORRIT | 64103 | Justin Olson | $107,385,735 | $10,685,090 | $0 | 0% |
| MARION AND POLK SCHOOLS | 64166 | Mark Zook | $1,265,757,429 | $112,097,757 | $7,041,860 | 6.28% |
| VALLEY | 64169 | Pat Force | $97,706,603 | $12,700,364 | $0 | 0% |
| RIVERMARK COMMUNITY | 65644 | Seth Schaefer | $1,305,844,997 | $119,671,592 | $6,336,540 | 5.29% |
| OREGON COMMUNITY | 65856 | Ronald Neumann | $2,924,495,518 | $301,633,748 | $21,715,377 | 7.2% |
| FIRST COMMUNITY | 68530 | David Elmer | $1,791,882,593 | $160,959,286 | $0 | 0% |
| OREGON STATE | 68656 | Richard Hein | $2,164,278,314 | $224,460,859 | $0 | 0% |
| ROGUE | 68660 | Matt Stephenson | $3,065,863,310 | $276,403,486 | $10,020,453 | 3.63% |
| OREGONIANS | 68669 | Sam Launius | $386,944,241 | $43,958,914 | $0 | 0% |