Northwest Credit Union Association
- Assets
- $20.7m
- Revenue
- $7.8m
- Investments
- $6.9m
- Employees
- 37
- Location
- Seatac, WA
- Founding
- 04/1941
- Data as of
- 12/2021
- EIN
- 91-0460483
Organization Overview
Northwest Credit Union Association is located in Seatac, WA. The organization was established in 1941. According to its NTEE Classification (W01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Northwest Credit Union Association employed 37 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Northwest Credit Union Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Northwest Credit Union Association generated $7.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $7.1m during the year ending 12/2021. While expenses have increased by 6.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PRODUCTS AND SERVICES TO IDAHO, WASHINGTON AND OREGON CREDIT UNIONS THAT ENABLE CREDIT UNIONS TO BETTER SERVE THEIR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED INFORMATION SERVICES, EDUCATION PROGRAMS, AND COORDINATED LEGISLATIVE AND REGULATORY ADVOCACY ACTIVITIES FOR AND ON BEHALF OF IDAHO, WASHINGTON, AND OREGON CREDIT UNIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Stang President/ceo | Officer | 24 | $614,359 |
Jennifer Wagner Evp/chief Advocacy Officer | 40 | $232,745 | |
Danielle Sittu Svp, Marketing & Comm. | 40 | $191,964 | |
Jennifer Huggard Svp, Administration | 40 | $189,635 | |
Sharee Adkins Exec. Director Nwcuf | 40 | $151,990 | |
Lynn Heider VP | 40 | $148,061 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mindshift It Management & Support | 12/30/18 | $102,772 |
Farleigh Wada Witt Legal Services | 12/30/18 | $106,510 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $403,308 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,308 |
| Total Program Service Revenue | $7,040,603 |
| Investment income | $101,191 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $89,760 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,814,236 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $614,360 |
| Compensation of current officers, directors, key employees. | $92,154 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,700,686 |
| Pension plan accruals and contributions | $854,135 |
| Other employee benefits | $317,865 |
| Payroll taxes | $235,143 |
| Fees for services: Management | $13,829 |
| Fees for services: Legal | $81,225 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $595,452 |
| Advertising and promotion | $6,510 |
| Office expenses | $100,137 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $178,682 |
| Travel | $117,929 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $913,847 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,735 |
| Insurance | $20,458 |
| All other expenses | $0 |
| Total functional expenses | $7,102,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,911 |
| Savings and temporary cash investments | $6,400,895 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $543,670 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $200,286 |
| Net Land, buildings, and equipment | $103,180 |
| Investments—publicly traded securities | $3,709,174 |
| Investments—other securities | $6,932,617 |
| Investments—program-related | $309,497 |
| Intangible assets | $0 |
| Other assets | $2,442,508 |
| Total assets | $20,703,738 |
| Accounts payable and accrued expenses | $2,788,680 |
| Grants payable | $0 |
| Deferred revenue | $2,433,697 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,238,151 |
| Total liabilities | $9,460,528 |
| Net assets without donor restrictions | $9,020,136 |
| Net assets with donor restrictions | $2,223,074 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,703,738 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Northwest Credit Union Association has recieved totaling $62,900.
| Awarding Organization | Amount |
|---|---|
Credit Unions In The State Of Washington Richland, WA PURPOSE: CU 4 KIDS EVENT SPONSOR, MAXX EVENT SPONSOR | $22,700 |
Rogue Credit Union Medford, OR PURPOSE: CU FOR KIDS AUCTION | $20,000 |
Iq Credit Union Vancouver, WA PURPOSE: GENERAL SUPPORT | $10,200 |
Maps Community Foundation Salem, OR PURPOSE: COMMUNITY OUTREACH- ICE STORM RELIEF | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Credit Union Association Seatac, WA | $20,703,738 | $7,814,236 |
Oneamerica Seattle, WA | $5,959,191 | $6,168,374 |
Idaho Dairymens Association Inc Twin Falls, ID | $364,106 | $1,931,703 |
Oregon Bankers Association Salem, OR | $5,006,787 | $1,572,271 |
Washington Bankers Association Seattle, WA | $4,147,645 | $1,729,837 |
Medical Users Software Exchange Inc Spokane, WA | $3,559,545 | $487,751 |
Friends Of Frog Ferry Portland, OR | $636 | $0 |
Westside Economic Alliance Tigard, OR | $214,325 | $283,705 |
Washington Soft Drink Association Pac Olympia, WA | $357,273 | $270,101 |
Alaska Mobility Coalition Anchorage, AK | $35,575 | $0 |
350deschutes Bend, OR | $108,838 | $0 |
B Local Pdx Portland, OR | $148,988 | $0 |