Civic Intelligence

Advantis Credit Union

EIN 93-0251640 • 501(c)14 • Oregon City, OR

Profile

To promote thrift among its members by affording them the opportunity for accumulating their savings, to create for them a source of credit at a fair and reasonable rate of interest and to provide the opportunity for the members to use and control their money in order to improve their economic and social condition.

14405 Meyers Road 300Oregon City, OR 97045

www.advantiscu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

1st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Net Margin

8th percentile

-2.3%

Higher net margin than 8% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

79th percentile

$624,804

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

27th percentile

7.5%

Faster revenue growth than 27% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Down

$0

Down $1,954,971,748 (-100%) from 2023

Liabilities

Down

$0

Down $1,737,782,312 (-100%) from 2023

Net Assets

Down

$0

Down $217,189,436 (-100%) from 2023

Revenue

Up

$106,120,924

Up $7,440,039 (+7.5%) from 2023

Expenses

Up

$108,585,436

Up $13,696,764 (+14%) from 2023

Net Income

Down

-$2,464,512

Down $6,256,725 (-165%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0B$1.5B$1.0B$500M$0Assets 2010: $756,349,275Liabilities 2010: $680,889,049Net Assets 2010: $75,460,2262010Assets 2011: $864,529,660Liabilities 2011: $783,469,456Net Assets 2011: $81,060,2042011Assets 2012: $987,827,326Liabilities 2012: $890,988,489Net Assets 2012: $96,838,8372012Assets 2013: $1,113,082,112Liabilities 2013: $1,004,403,375Net Assets 2013: $108,678,7372013Assets 2014: $1,165,974,434Liabilities 2014: $1,046,257,694Net Assets 2014: $119,716,7402014Assets 2015: $1,226,519,011Liabilities 2015: $1,095,370,196Net Assets 2015: $131,148,8152015Assets 2016: $1,319,728,290Liabilities 2016: $1,177,792,075Net Assets 2016: $141,936,2152016Assets 2017: $1,372,660,012Liabilities 2017: $1,221,104,947Net Assets 2017: $151,555,0652017Assets 2018: $1,426,868,115Liabilities 2018: $1,264,554,685Net Assets 2018: $162,313,4302018Assets 2019: $1,478,812,305Liabilities 2019: $1,304,432,680Net Assets 2019: $174,379,6252019Assets 2020: $1,807,081,276Liabilities 2020: $1,619,018,112Net Assets 2020: $188,063,1642020Assets 2021: $1,980,374,380Liabilities 2021: $1,777,076,760Net Assets 2021: $203,297,6202021Assets 2022: $1,984,758,504Liabilities 2022: $1,773,405,527Net Assets 2022: $211,352,9772022Assets 2023: $1,954,971,748Liabilities 2023: $1,737,782,312Net Assets 2023: $217,189,4362023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2024

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0-$50MExpenses 2010: $32,579,0822010Expenses 2011: $33,635,2902011Expenses 2012: $31,505,3422012Revenue 2013: $49,944,238Expenses 2013: $36,587,584Net Income 2013: $13,356,6542013Revenue 2014: $47,923,632Expenses 2014: $37,773,772Net Income 2014: $10,149,8602014Revenue 2015: $53,084,644Expenses 2015: $41,197,257Net Income 2015: $11,887,3872015Revenue 2016: $57,785,809Expenses 2016: $47,327,535Net Income 2016: $10,458,2742016Revenue 2017: $62,640,820Expenses 2017: $53,416,728Net Income 2017: $9,224,0922017Revenue 2018: $67,814,244Expenses 2018: $57,001,316Net Income 2018: $10,812,9282018Revenue 2019: $68,628,894Expenses 2019: $56,906,297Net Income 2019: $11,722,5972019Revenue 2020: $76,433,625Expenses 2020: $63,018,251Net Income 2020: $13,415,3742020Revenue 2021: $72,337,533Expenses 2021: $57,136,313Net Income 2021: $15,201,2202021Revenue 2022: $76,691,076Expenses 2022: $65,042,971Net Income 2022: $11,648,1052022Revenue 2023: $98,680,885Expenses 2023: $94,888,672Net Income 2023: $3,792,2132023Revenue 2024: $106,120,924Expenses 2024: $108,585,436Net Income 2024: -$2,464,5122024

Highlighted filing

2024

Revenue$106,120,924
Expenses$108,585,436
Net Income-$2,464,512

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$106$109$2.46
2023Summary only. Only limited summary data is available for this year.$1,955$1,738$217$98.7$94.9$3.79
2022Summary only. Only limited summary data is available for this year.$1,985$1,773$211$76.7$65.0$11.6
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,980$1,777$203$72.3$57.1$15.2
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,807$1,619$188$76.4$63.0$13.4
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,479$1,304$174$68.6$56.9$11.7
2018Summary only. Only limited summary data is available for this year.$1,427$1,265$162$67.8$57.0$10.8
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,373$1,221$152$62.6$53.4$9.22
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,320$1,178$142$57.8$47.3$10.5
2015Detailed filing. Detailed filing data is available for this year.$1,227$1,095$131$53.1$41.2$11.9
2014Detailed filing. Detailed filing data is available for this year.$1,166$1,046$120$47.9$37.8$10.1
2013Detailed filing. Detailed filing data is available for this year.$1,113$1,004$109$49.9$36.6$13.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$988$891$96.8$31.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$865$783$81.1$33.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$756$681$75.5$32.6
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$257,076,198
Mission and Program Overview

Mission

To improve the financial lives of our members

Providing financial services to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,335,071,818$0▼ $1,335,071,818
Cash and Non-Interest-Bearing Accounts$331,887,812$0▼ $331,887,812
Rtn Earn Endowment Incm Other Fnds$217,189,436$0▼ $217,189,436
Investments in Publicly Traded Securities$141,661,120$0▼ $141,661,120
Land, Buildings, and Equipment, Net$53,969,356$0▼ $53,969,356
Investments Other Securities$24,240,563$0▼ $24,240,563
Prepaid Expenses and Deferred Charges$1,778,944$0▼ $1,778,944
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,954,971,748$0▼ $1,954,971,748
Other Assets Total$66,362,135$0▼ $66,362,135
Liabilities
Other Liabilities$1,702,288,295$0▼ $1,702,288,295
Accounts Payable and Accrued Expenses$20,494,017--
Mortgage Notes Payable Secured by Investment Property$15,000,000$0▼ $15,000,000
Total Liabilities$1,737,782,312$0▼ $1,737,782,312
Net Assets / Fund Balance
Total Net Assets Fund Balance$217,189,436$0▼ $217,189,436
Total Liabilities and Net Assets / Fund Balance$1,954,971,748$0▼ $1,954,971,748
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jason WertsPresident/CEOFT$475,550$149,254$624,804
Greg SpearSVP/chief Financial OfficerFT$288,006$198,381$486,387
Keli MyersSVP/chief Operating OfficerFT$268,314$101,461$369,775
Christopher GroshkoSVP/chief Experience OfficerFT$254,648$91,062$345,710
John NicholsSVP of MarketingFT$183,416$63,963$247,379
Kelly SonfliethVP of People & CultureFT$184,122$59,281$243,403
Trevor HutchensVP of LendingFT$181,105$56,259$237,364
Jennifer McmurrayVP of Strategy & AdvocacyFT$136,456$58,187$194,643
Nicole WhiteVP, Digital Banking & Remote ChannelsFT$171,788$17,698$189,486
Nicole WhiteVP, Digital Banking & Remote Channel-$144,568$44,918$189,486
Chris CharltonVP/controllerFT$142,416$43,689$186,105
Kari BriggsVP of OperationsFT$133,961$44,809$178,770
Mary Ellen LanziseraDirector of Risk ManagementFT$145,738$32,921$178,659
Mark HulseyVP of Information TechnologyFT$137,865$37,205$175,070
Katherine StevensAvp of Member ExperienceFT$126,741$42,289$169,030
John LeckeyDirector of Commercial LendingFT$118,342$31,904$150,246
Andre WalcottVP of DeiFT$131,733$15,377$147,110
Tarun GudzChair-$19,125-$19,125
Frederic DupeyrouxDirector (thru 10/24)-$16,000-$16,000
Amanda OwingsVice Chair-$15,625-$15,625
Brandon LepleyAudit Committee Member (thru 10/24)-$14,000-$14,000
Bryan SimsSecretary/treasurer, Risk & Finance Committee Ch-$13,500-$13,500
Tammy TeskeDirector, Governance Committee Chair-$13,500-$13,500
Traci RossiDirector, Dei Committee Chair-$13,500-$13,500
Jake JensenDirector-$12,625-$12,625
Kellan DavisAudit Committee Chair-$12,000-$12,000
Liz SpeerAudit Committee Member-$10,500-$10,500
Ross WescottAudit Committee Member-$10,500-$10,500
William KnuthsAudit Committee Member-$10,500-$10,500
Renee HalpernDirector, Nominating Committee Chair (thru 4/24)-$9,838-$9,838
Nathan MoralesAssociate Director-$8,723-$8,723
Monique ClaiborneAssociate Director (thru 10/24)-$8,000-$8,000
Shari DunnAssociate Director (thru 10/24)-$3,640-$3,640

Board Members and Trustees

NameTitle
Patrick HagerDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Regence Group AdministratorsHealthcare Administration10700 NORTHUP WAY STE 100, Bellevue, WA 98004$2,840,558
Cu Cooperative Systems INCDebit And Credt Card Processing9692 HAVEN AVENUE, Rancho Cucamonga, CA 91730$2,037,494
Alkami Technology INCOnline BankingDEPT 2223 PO BOX 122223, Dallas, TX 75312-2223$1,568,776
Visa USA INCDebit And Credit Card ProcessingPO BOX 742233, Los Angeles, CA 90074$879,037
FiservCore ProcessingPO BOX 208457, Dallas, TX 75320-8457$748,166
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$84,109,576
Investment Income
$22,011,348
Other Revenue
$0
Change in Net Assets
$-2,464,512
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$71,042,776
Salaries, Compensation, and Employee Benefits$37,241,160
Grants and Similar Amounts Paid$301,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$32,767,534
Other Salaries and Wages---$23,217,114
Other Employee Benefits---$5,894,987
All Other Expenses---$5,566,326
Depreciation Depletion---$4,388,499
Fees for Services Other---$4,119,261
Office Expenses---$3,809,065
Current Officers, Directors, Trustees, and Key Employees---$3,495,291
Payroll Taxes---$2,545,910
Occupancy---$2,451,347
Pension Plan Contributions---$2,087,858
Other Expenses---$1,698,516
Information Technology---$1,207,326
Advertising---$803,214
Fees for Services Legal---$777,656
Fees for Services Accounting---$579,274
Grants to Domestic Orgs---$286,750
Insurance---$246,667
Royalties---$189,125
Conferences and Meetings---$72,822
Travel---$71,371
Grants to Domestic Individuals---$14,750
Total Functional Expenses$0$0$0$108,585,436
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sunshine DivisionPortland, OR501(c)(3)General Donation$41,250
Urban LeaguePortland, OR501(c)(3)General Donation$30,757
Boys & Girls Clubs of PortlandPortland, OR501(c)(3)General Donation$22,500
Worldwide FoundationMadison, WI501(c)(3)General Donation$17,000
CHILDREN'S MIRACLE NETWORK HOSPITALSSalt Lake City, UT501(c)(3)General Donation$15,000
Girls BuildPortland, OR501(c)(3)General Donation$10,000
Guide Dogs for the Blind IncSan Rafael, CA501(c)(3)General Donation$10,000
Outside inPortland, OR501(c)(3)General Donation$10,000
Youth Music ProjectWest Linn, OR501(c)(3)General Donation$10,000
With Love OregonTigard, OR501(c)(3)General Donation$8,000
Clackamas Community CollegeOregon City, OR501(c)(3)General Donation$6,150
The Oregon Community FoundationPortland, OR501(c)(3)General Donation$5,850
Big Brothers Big Sisters Columbia NwPortland, OR501(c)(3)General Donation$5,200
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$30,000
Total Exempt Function Spending$30,000

Section 527 Organizations

OrganizationLocationAmount
80-0043051Beaverton, OR$30,000
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The credit union has members.

Form 990, Part VI, Section A, Line 7A

Each member has one vote in annual elections of members of the governing body.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the executive committee prior to filing.

Form 990, Part VI, Section B, Line 12

Internal audit conducts periodic reviews of employee and board accounts, reviews to ensure control restrictions are in place in xp, and they review fee waiver and expense reports. Additionally, the cu encourages employees to report misconduct and provides a means to do so anonymously.

Form 990, Part VI, Section B, Line 15

Compensation process for ceo: the board of directors reviews an annual third party salary survey for the ceo position and sets an updated salary range. Compensation process for officers and key employees: third party surveys are obtained for all staff on an annual basis. Salary ranges for these positions are prepared by the vp of people and culture and approved by the ceo.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Advantis Credit Union
EIN
93-0251640
Phone
5037852528
Address
14405 MEYERS ROAD 300, OREGON CITY, OR 97045

Signing Officer

Name
Derrick Peterson
Title
CFO
Phone
5037852528
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Werts
Formed
1928
Legal Domicile
Or
Voting Board Members
12
Independent Board Members
12
Employees
326
Volunteers
17

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
805 SW BROADWAY STE 1400, PORTLAND, OR 97205
Preparer
Wendy Campos
Phone
5032421447
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Advantis credit union has merged with rivermark community credit union and ceased operations under the name advantis credit union. As of december 31, 2024, the entity will no longer file under its former ein, as all assets, liabilities, and operations have been transferred to rivermark community credit union.

FORM 990, PART XI, LINE 9:

Transfer upon merger -215,546,652.

Financial Statement Notes

PART X, LINE 2:

Fin 48 (asc 740) uncertain tax positions footnote from financial statements - the credit union has filed tax returns in the past for activities it has deemed taxable that has resulted in no significant income taxes paid. The taxing authorities have the ability to assess taxes, penalties and interest for any years for which no tax return was filed. In the opinion of management, any liability resulting from taxing authorities imposing income taxes on the net taxable income from activities potentially deemed to be unrelated to the credit union's exempt purpose is not expected to have a material effect on the credit union's financial position or results of operations. The credit union evaluated its tax positions and determined no uncertain tax positions exist as of december 31, 2024. The credit union's 2020 through 2022 tax years are open for examination by federal and state taxing authorities.

Raw XML AppendixShowing 400 of 1,128 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AccountsReceivableGrp/EOYAmt00
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IRS990/AdvertisingGrp/TotalAmt0803214
IRS990/AllOtherExpensesGrp/TotalAmt05566326
IRS990/AnnualDisclosureCoveredPrsnInd01
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IRS990/BackupWthldComplianceInd01
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IRS990/BooksInCareOfDetail/PhoneNum05037852528
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt014405 MEYERS ROAD 300
IRS990/BooksInCareOfDetail/USAddress/CityNm0OREGON CITY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OR
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IRS990/CashNonInterestBearingGrp/EOYAmt00
IRS990/ChangeToOrgDocumentsInd00
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IRS990/CollectionsOfArtInd00
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IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0301500
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IRS990/CYOtherExpensesAmt071042776
IRS990/CYOtherRevenueAmt00
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IRS990/FinalReturnInd0X
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
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