Oregon State Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Oregon State Credit Union is a 501(c)(14) organization based in Corvallis, Oregon, registered in 1944, with $144,117,444 in FY2024 revenue. CharityIndex grades it A.
4800 Sw Research Way, Corvallis, OR, 97333 EIN 93-0444581 Since 1944
Revenue (FY2024)
$144.1M
▲ 26.3% vs prior year
Expenses (FY2024)
$123.3M
Net assets
$226.7M
Employees
370
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Oregon State Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating22 mo reserves · +14% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Oregon State Credit Union: 22 mo reserves · +14% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Oregon State Credit Union: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Oregon State Credit Union: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
Provides financial services to membership.
Contact & location
Financial trends
Revenue grew from $39.4M (FY2015) to $144.1M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.3BNet assets $226.7M
Operating margin
14.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.6B
Total liabilities
$2.3B
Net assets
$226.7M
Salaries & benefits
$34.4M
28% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $144,117,444▲26.3% | $123,336,253▲30.2% | $226,728,512▲13.8% | $2,568,921,226▲18.6% | 990 |
| 2023 | $114,120,989▲20.7% | $94,735,577▲50.2% | $199,270,782▲11.1% | $2,166,247,809▲1.2% | 990 |
| 2022 | $94,549,810▲15.3% | $63,080,375▲31.1% | $179,425,787▼14.5% | $2,140,153,244▲2.5% | 990 |
| 2021 | $81,968,900▲10.1% | $48,134,102▼14.1% | $209,890,411▲11.6% | $2,088,594,766▲18.7% | 990 |
| 2020 | $74,445,709▲7.8% | $56,032,999▲17.2% | $187,992,731▲14.6% | $1,759,309,028▲26.3% | 990 |
| 2019 | $69,071,607▲15.4% | $47,823,131▲4.1% | $164,058,466▲17.3% | $1,393,221,089▲5.8% | 990 |
| 2018 | $59,866,405▲19.0% | $45,949,476▲15.4% | $139,869,849▲10.0% | $1,316,827,425▲10.8% | 990 |
| 2017 | $50,322,155▲17.1% | $39,825,184▲19.8% | $127,182,295▲9.3% | $1,188,850,394▲8.4% | 990 |
| 2016 | $42,957,432▲8.9% | $33,250,006▲9.2% | $116,345,706▲7.1% | $1,096,382,589▲12.0% | 990 |
| 2015 | $39,445,928 | $30,450,403 | $108,613,031 | $979,339,218 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Hein Richard S — $1,192,626 (0.97% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Hein Richard S | President/ceo | 40 | $1,192,626 |
| Heile-brown Rhonda L | Executive Vp/coo | 40 | $657,481 |
| Schuette II Gary E | President/ceo | 40 | $579,538 |
| Peterson James D | Exec Vp/cfo | 40 | $377,797 |
| Roe Laurie A | Exec Vp/ccxo | 40 | $329,425 |
| Sather Kim | Exec Vp/cio | 40 | $307,880 |
| Gibson James D | Exec Vp/coo | 40 | $305,583 |
| Brannen James Lee | Sr Vp/general Counsel | 40 | $294,661 |
| Whisenhunt Joshuah C | Sr Vp Financial Services | 40 | $277,841 |
| Jackson Paige Diane | Vp of Human Resources | 40 | $249,429 |
| Poturich Michelle | Financial Advisor | 40 | $230,765 |
| Shirley Tiffany M | Vp of Risk Management | 40 | $224,720 |
| Walker Peter J | Vp Organizational Development | 40 | $211,199 |
| Kelley Kaiser | Board Chairperson | 1 | $24,875 |
| Michael Green | Director | 1 | $19,204 |
| Rebecca Badger | Director | 1 | $19,204 |
| Mary Beth Altmann Hughes | Director | 1 | $17,792 |
| Jamie Hughes | Director | 1 | $16,333 |
| Tim Rocak | Director | 1 | $16,004 |
| Jay Conroy | Director | 1 | $15,864 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Pscu Financial Services Dda | Transaction Processing | $2,813,970 |
| Visa USA Inc | Visa Debit and Credit Processing | $1,470,801 |
| Infoimage | Statement Processing | $1,301,550 |
| Ncr Corporation | Online Banking | $1,114,966 |
| Corelation Inc | Core Software Service | $814,300 |
Grants made · $168K in FY2024
8 grants totaling $168K in FY2024. All grants made by Oregon State Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Peacehealth Sacred Heart Medical Center Foundation | To support pediatric healthcare services and provide vital resources for children and families in need of medical care | $33,200 |
| Metro Affordable Housing Corp | To expand access to safe and affordable housing for low income families | $30,000 |
| Western Oregon University Development Foundation | To strengthen educational opportunities and enhance student succes through scholarships and progra support | $23,500 |
| Oregon State University Foundation | To invest in higher education by funding scholarships, academic progrmas, and campus improvements for students | $22,500 |
| Oregon Health and Science University Foundation | To advance medicalresearch, education, and patient care imnitiatives that benefit the health of the community | $20,700 |
| Filene Research Institute Inc | To strengthen the credit union movement through research, innovation, and community impact initiatives | $15,000 |
| Childrens Miracle Network | To provide critical healthcare resources and support children and families in need | $15,000 |
| Linn-benton Community College Foundation Inc | To expand access to eduaction and provide financial assitance to students pursuing workforce training and academic programs | $7,700 |
Frequently asked questions
- Is Oregon State Credit Union a legitimate nonprofit?
- Yes. Oregon State Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 93-0444581, based in Corvallis, Oregon.
- What is Oregon State Credit Union's EIN?
- Oregon State Credit Union's Employer Identification Number (EIN) is 93-0444581.
- How much revenue does Oregon State Credit Union report?
- Oregon State Credit Union reported $144,117,444 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Oregon State Credit Union have?
- CharityIndex grades Oregon State Credit Union A, based on financial health (reserves and operating margin).
- How much does Oregon State Credit Union's highest-paid employee make?
- The highest reported compensation on Oregon State Credit Union's latest Form 990 is $1,192,626, paid to Hein Richard S (President/ceo).
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Data for Oregon State Credit Union (EIN 93-0444581) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.