Credit Unions In The State Of Washington is located in Arlington, WA. The organization was established in 1954. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Credit Unions In The State Of Washington employed 29 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Credit Unions In The State Of Washington 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 12/2021, Credit Unions In The State Of Washington generated $5.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. While expenses have increased by 1.1% 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
YOUR HOME FOR TRUSTED, SOUND FINANCIAL SERVICES WITH THAT PERSONAL TOUCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SERVICES TO 9,746 MEMBERS. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, PROVIDING REAL ESTATE AND OTHER SECURED/UNSECURED CONSUMER LOANS, CHECKING AND SAVINGS PROGRAMS, AND CREDIT CARD SERVICES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Morrison President/ceo | Officer | 40 | $192,216 |
Susan Webster Vice President/cfo | Officer | 40 | $136,401 |
Bruce Landre Board Chairperson | OfficerTrustee | 1 | $0 |
Donald Holdridge Board Secretary/treasurer | OfficerTrustee | 1 | $0 |
Shirley Bradford Board Vice-Chairperson | OfficerTrustee | 1 | $0 |
Phil Mitchell Board Member | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Jack Henry & Associates - Symitar (Episy Data Processor | 12/30/20 | $211,885 |
Fis - Fidelity Information Services Llc Credit & Debit Card Processing Services | 12/30/20 | $100,797 |
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 | $5,076,014 |
Investment income | $83,080 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$21,611 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,272,408 |
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. | $363,307 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $838,813 |
Pension plan accruals and contributions | $55,208 |
Other employee benefits | $216,762 |
Payroll taxes | $114,270 |
Fees for services: Management | $0 |
Fees for services: Legal | $13,056 |
Fees for services: Accounting | $30,370 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $115,837 |
Advertising and promotion | $36,440 |
Office expenses | $412,436 |
Information technology | $20,793 |
Royalties | $0 |
Occupancy | $214,974 |
Travel | $6,000 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $72,724 |
Interest | $150,746 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $100,260 |
Insurance | $48,286 |
All other expenses | $37,815 |
Total functional expenses | $4,016,575 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $489,316 |
Savings and temporary cash investments | $47,161,072 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $2,570,685 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $83,946,998 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $328,275 |
Net Land, buildings, and equipment | $3,234,688 |
Investments—publicly traded securities | $0 |
Investments—other securities | $6,538,691 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,766,070 |
Total assets | $147,035,795 |
Accounts payable and accrued expenses | $222,684 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $133,627,718 |
Total liabilities | $133,850,402 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
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 | $13,185,393 |
Total liabilities and net assets/fund balances | $147,035,795 |
Organization Name | Assets | Revenue |
---|---|---|
Credit Unions In The State Of Washington Lacey, WA | $467,137,296 | $26,640,017 |
Our Community Credit Union Shelton, WA | $583,251,574 | $19,630,012 |
Credit Unions In The State Of Washington Tacoma, WA | $574,292,386 | $20,285,695 |
Industrial Credit Union Of Whatcom County Bellingham, WA | $379,220,353 | $18,659,895 |
Credit Unions In The State Of Washington Bellingham, WA | $379,769,731 | $12,197,352 |
Credit Unions In The State Of Washington Sunnyside, WA | $128,364,012 | $11,171,609 |
Oregonians Credit Union Milwaukie, OR | $383,927,608 | $10,903,249 |
Credit Unions In The State Of Washington Everett, WA | $299,736,440 | $11,941,664 |
Credit Unions In The State Of Washington Dupont, WA | $215,109,348 | $8,977,951 |
Nw Priority Credit Union Portland, OR | $301,929,774 | $6,624,464 |
Credit Unions In The State Of Washington Bellevue, WA | $186,115,326 | $7,735,334 |
Sno Falls Credit Union North Bend, WA | $113,268,760 | $5,263,386 |