Rivermark News

A Message from Seth Schaefer, President & CEO of Rivermark: I have an exciting update to share with our members. We have now received state and federal regulatory approval to pursue a merger with Advantis Credit Union. This is another exciting milestone in our journey to join forces to do more good − for our members and our community. Our Board of Directors (comprised entirely of Rivermark members) have voted unanimously in favor of putting this merger forward. The merger also has the support of our leadership and our employees.

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Rivermark proudly announces its second consecutive certification as a recipient of the 2024 Bell Seal for Workplace Mental Health by Mental Health America (MHA), reaffirming our dedication to corporate responsibility and employee well-being. This prestigious recognition highlights our commitment to cultivating a workplace that values, prioritizes, and supports mental health.

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I have some exciting news to share with our members. Following a thorough due diligence process that met the satisfaction of both credit unions, Rivermark and Advantis Credit Union are proud to share that we have signed a merger agreement and plan to unite as one credit union in the latter part of 2024. Thank you, Seth Schaefer | President & CEO Rivermark Community Credit Union

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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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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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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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