Rivermark News

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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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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Mental Health America (MHA) awards a Bell Seal for Workplace Mental Health to companies committed to creating mentally healthy work environments. Rivermark‘s status as a Platinum Bell Seal-certified organization demonstrates our outstanding commitment to employee mental health and well-being.

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By now, you have probably seen the news regarding recent 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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We are excited to announce that the Rivermark Community Fund, a philanthropic arm of Rivermark Community Credit Union, has directed its 2022 grant of $20,000 to Community Roots Collaborative (C-Roots), a non-profit organization aimed at creating stable and affordable housing. The donation will be used to help develop permanent, cottage-style tiny homes in Clark County for the unhoused.

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We are joining credit unions from around the world to support the Ukrainian Credit Union Displacement Fund which will direct support to mitigate both short and long-term impacts to Ukraine's credit union system and those that look to it for support, including both employees and members. Rivermark has donated $5,000 to the Fund.

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Rivermark Community Credit Union announced that it has been certified as a Community Development Financial Institution (CDFI) by the U.S. Department of Treasury. CDFIs are mission driven organizations that focus on serving low-income and underserved communities. Rivermark joins 1,300+ financial institutions nationwide, and just 10 Oregon based credit unions to achieve this certification.

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The Rivermark Community Fund has directed its 2021 grant to provide $20,000 in utility bill assistance through the Oregon Energy Fund (OEF). Amidst lingering financial challenges from the pandemic that range from global supply chain constraints and rising costs to staffing shortages and stagnant wages, many US residents face steep increases in the cost of heating their home and keeping the lights on this winter.

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Rivermark recently hit a huge milestone . . . 1 million video teller transactions! In September, we celebrated this milestone by giving away $100 at random to members using our video teller machines. Thank you to our members for embracing the video teller technology that allows Rivermark to lead in access and convenience.

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We are excited to announce that the members of Lighthouse Community Credit Union voted by an overwhelming majority to merge with Rivermark Community Credit Union. The vote was the final step for merger approval, having already been approved by state and federal regulators and both credit union’s boards of directors. To accommodate system upgrades, all Rivermark branches will be closed on Saturday, July 31.

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Each year, Rivermark evaluates the needs facing the communities it serves and selects a grant recipient from the Rivermark Community Fund of the Oregon Community Foundation. We are pleased to announce Rebuilding Together as this year’s $20,000 grant recipient.

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We mourn together the loss of George Floyd, Breonna Taylor, Ahmaud Arbery and countless others in our nation’s long struggle with systemic racism and inequality. With recent events and the underlying circumstances, I believe it is important to restate Rivermark's unequivocal commitment to social justice, equity, and inclusion. READ ON FOR FULL CEO MESSAGE.

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Rivermark recently made two important announcements related to its foundation, the Rivermark Community Fund of the Oregon Community Foundation. 1) The Rivermark Community Fund has aligned its mission to help make housing more sustainable, affordable, fair, and equitable in our community. 2) JOIN PDX has been selected as the 2019 recipient of a $20,000 grant from the Rivermark Community Fund.

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Based on member feedback related to our checking accounts, we are improving the convenience and value of our Overdraft Protection Program. These improvements will take effect on Tuesday, December 3, 2019. Learn more about this exciting change and new improvements to our mobile app.

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ECONorthwest recently delivered an independent analysis that analyzed the gross economic impacts of credit unions in Oregon, Washington, and Idaho. ECONorthwest calculated the following gross economic impacts for Rivermark Community Credit Union in the calendar year of 2018.

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Watch our President's Corner video to get to know our President/CEO Seth Schaefer.

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