Woodstone Credit Union

Organization Overview

Woodstone Credit Union is located in Federal Way, WA. As of 12/2016, Woodstone Credit Union employed 37 individuals. Woodstone Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2016, Woodstone Credit Union generated $4.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2016. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2016

Describe the Organization's Mission:

Part 3 - Line 1

WOODSTONE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION WHOSE MISSION IS TO BUILD RELATIONSHIPS AND TRUST WITH OUR COMMUNITY, UNDERSTAND THE FINANCIAL NEEDS OF OUR COMMUNITY, AND PROVIDE PRODUCTS AND SERVICES TO FULFILL THE NEEDS OF OUR COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE QUALITY FINANCIAL PRODUCTS AND SERVICES TO MEET OUR MEMBERS' NEEDS. WOODSTONE CREDIT UNION HAD 10,662 MEMBERS AS OF DECEMBER 31, 2016.


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Board, Officers & Key Employees

Name (title)Compensation
Andy Hwang
Director
$0
Tom Pierson
Director
$0
Leslie Sorensen
Director
$0
William Musser
Director
$0
Sally Mclean
Director
$0
Tracy Oster
Director
$0

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$3,657,919
Investment income $146,942
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,642
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,184,944

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