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Rapids Blog

Message from the CEO

By now, you have probably seen the news regarding two bank failures, the largest being Silicon Valley Bank in California. We know this type of news can be troubling, so I want to assure you that Rivermark continues to be financially safe and sound. Thank you for the trust you put in us as your member-owned financial cooperative. We will continue to act in the best interest of our membership and the communities we serve.

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Teaching Kids About Money

Mom helping her daughter with putting a quarter into her piggy bank

It can be difficult to talk to your children about money (especially when they are young), but it's important to start. There is no better place to start than at home, with parents, grandparents, and other close relatives leading the way. You don't have to feel like a lecturer when you teach kids about money for the first time. You can make it fun, engaging, and experiential.

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Life Changes and Taxes

Couple entertaining their kids during a move to a new home

Filing income taxes is arguably one of the least fun parts of being an adult. Throw in a major life change – like a move, marriage, divorce, side hustle, or sickness – and the task of filing taxes can rise even higher on the aggravation scale. If you went through anything out of the ordinary last year, here’s a rundown of what to consider as you (or your tax professional) prepare to file.

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Deductions You May Not Know About

man's hand holding money while on computer

It’s a safe bet that no one wants to pay more in taxes than they have to. But often, what we don’t know can hurt us come tax time. Combining certain tax strategies with routine planning and other opportunities, such as charitable gifting, can help to maximize deductions. Here are some tax moves to keep in mind for every year, not just 2023.

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Prepare For Next Year’s Taxes

Couple reading a tax document while smiling

Newsflash: Worrying about your taxes won’t make the annual process of gathering all of the necessary paperwork and filing on time any easier. What can actually help, though, is putting a simple plan in place now to make sure you are as prepared as possible for next year’s tax season.

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Great Food Drive 2023

Great Food Drive

Rivermark is a proud sponsor of the KGW Great Food Drive. More than 10 million pounds of food have been donated since our involvement began in 2017, providing over 10 million meals to local families. We appreciate every dollar you donate to the Oregon Food Bank through the KGW Great Food Drive! We are accepting food and cash donations at all of our branches through the end of March, or you can make a donation online.

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Money Fights

Couple arguing about finances

If we’re honest, we don’t need research to tell us what we already know deep in our bones: We don’t always agree with our partners on money matters. Often, fights with a spouse about spending or saving can drive us right to the edge. But it doesn’t have to be this way. It’s actually possible to stop money fights before they bubble up. Here’s a look at some of the best ways couples can successfully navigate financial issues together. These proven strategies can help you communicate more and argue less about money.

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Combining Finances

Money can be a challenging subject to bring up with your life partner. But despite how uncomfortable talking about our finances may make us feel, the discussions eventually have to happen for you and your partner to build an honest and sustainable future together.

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Why Is Money So Emotional?

Anyone who has ever lost sleep over credit card bills or stock market shake-ups knows that money is so much more than just a set of numbers on a screen. Money, or a lack of it, can be fraught with emotions that – in some cases – lead to health issues including anxiety and depression.

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Emergency Funds 101

The pandemic taught us many things. (Some of those lessons we may wish we never had to learn, but we learned them nonetheless.) Perhaps one of the most indelible is the importance of having an emergency fund for whatever life throws at us. If you’re still recovering from the financial fallout of COVID, saving for a future emergency may still seem like a distant dream for “one of these days” — but there are creative ways to start adding to your stash now that won’t impact your daily life, even when times are tight.

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