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Rapids Blog

Creative Strategies for Homebuyers in a Competitive Market

In today's challenging real estate market, prospective homebuyers face stiff competition and rising costs. However, there are creative ways to navigate these hurdles and secure your dream home, second home, or investment property. Here are nine strategies to consider that can make a significant difference in your home-buying journey.

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Retire Early With the Rule of 55

Taking a distribution from a tax-qualified retirement plan, like a 401(k) before age 59.5, is generally subject to a 10% penalty for early withdrawal. The exceptions to paying this 10% penalty are: • Hardship distributions • Rule of 55 Are you familiar with how the Rule of 55 works? If you want to retire early, this blog post is significant for you.

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2023 Grant Recipient

Oregon Energy Fund

In an exciting development, Rivermark Community Fund has increased its 2023 grant by $5,000 to donate a total of $25,000 to Community Roots Collaborative (C-Roots). C-Roots is a commendable non-profit that focuses on creating affordable housing and empowering individuals to overcome homelessness. The donation from Rivermark will directly aid in developing the kitchen and communal area of C-Roots' new O-street complex of tiny homes, aligning perfectly with Rivermark's mission to support affordable housing solutions.

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Student Loan Payments Resume

Most federal student loan payments and interest have been suspended since March 2020. After numerous extensions and introduction of a federal student loan forgiveness that was blocked by the Supreme Court as of June 30, 2023, student loan interest resumes on September 1, 2023, and payments will resume starting in October.

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Hiring Your First Employee

Are you ready to hire your first employee? This important milestone requires a lot of thought and preparation. If you are in a situation where your business needs additional help, you’re feeling overwhelmed as a business owner, or feel like your business is in need of new fresh ideas, hiring an employee may be the best solution.

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Meet Our New CFO

We are pleased to welcome Jeremy Calva as our new chief financial officer. He will oversee Rivermark’s finance, accounting, risk, and internal audit areas. Calva brings over 20 years of financial service experience to Rivermark.

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2023 Golf Recap

This year's annual charity golf tournament was a huge success! We raised more than $70,000 for the Rivermark Community Fund, which supports nonprofit housing organizations in the areas we serve.

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CU4Kids Pledges $5M

Credit Unions for Kids — a nonprofit collaboration of credit unions and business partners from across the country — has pledged $5 million to create a new hybrid operating suite at OHSU Doernbecher Children’s Hospital. The expansion supports Doernbecher’s delivery of the most innovative, life-saving pediatric cardiac care in the region.

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Renting vs Buying a Home

Contemplating a shift from renting to owning your home? This decision, likely one of the largest you'll make in life, requires careful consideration of your lifestyle, budget, and long-term goals. From evaluating the pros and cons of homeownership to understanding the financial implications, it's crucial to ask the right questions to illuminate your path forward.

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