Columbia Community Credit Union
- Assets
- $2.3b
- Revenue
- $81.4m
- Investments
- $3.1m
- Employees
- 400
- Location
- Vancouver, WA
- Founding
- 07/1954
- Data as of
- 12/2021
- EIN
- 91-0617775
Organization Overview
Columbia Community Credit Union is located in Vancouver, 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, Columbia Community Credit Union employed 400 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Columbia Community 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 12/2021, Columbia Community Credit Union generated $81.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $59.4m during the year ending 12/2021. While expenses have increased by 5.8% 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.
Since 2016, Columbia Community Credit Union has awarded 148 individual grants totaling $1,996,731. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A STRONG MEMBER FINANCIAL COOPERATIVE PROVIDING VALUE THROUGH: MEETING MEMBERS' NEEDS WITH QUALITY SERVICES AND PRODUCTS; CARING FOR MEMBERS AT EVERY CONTACT; AND ENHANCING THE COMMUNITIES WE SERVE THROUGH VOLUNTEERISM AND LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLUMBIA COMMUNITY CREDIT UNION IS A WASHINGTON STATE-CHARTERED CREDIT UNION WITH A FIELD OF MEMBERSHIP IN WASHINGTON AND OREGON AND IS REGULATED BY THE WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS, DIVISION OF CREDIT UNIONS WITH RECIPROCAL OVERSIGHT BY THE OREGON DEPARTMENT OF CONSUMER & BUSINESS SERVICES, DIVISION OF FINANCIAL REGULATION. MEMBERS' DEPOSITS ARE INSURED BY THE NATIONAL CREDIT UNION SHARE INSURANCE FUND. THE MAIN PURPOSE OF THE CREDIT UNION IS PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT FAIR AND REASONABLE RATES OF INTEREST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephon D Kenny President/ceo | Officer | 45 | $1,080,346 |
Marc T Timm SVP Chief Lending Officer | Officer | 40 | $465,132 |
Lindsey R Salvestrin SVP Chief Operating Officer | Officer | 40 | $456,051 |
Colleen Boccia SVP Chief Marketing Office | Officer | 40 | $385,518 |
Michael D Florea SVP Chief Data Officer | Officer | 40 | $371,922 |
Jeffrey W Day Home Loan Officer | 40 | $351,847 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiserv Inc Software Support/maintenance/licenses & | 12/30/21 | $3,372,556 |
Structured Communication System Software & Hardware Maintenance/support | 12/30/21 | $1,170,540 |
Ncr Corporation Pc Banking/e-stmt Processing/atm Units W | 12/30/21 | $2,133,718 |
Cenlar Fsb Loan Servicing/subservicing, Services Fo | 12/30/21 | $483,901 |
Kaye-smith Production And Printing Services For Loa | 12/30/21 | $393,552 |
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 | $78,560,491 |
| Investment income | $2,803,276 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$483 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $81,363,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $297,788 |
| 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. | $4,823,371 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,452,627 |
| Pension plan accruals and contributions | $749,060 |
| Other employee benefits | $2,601,239 |
| Payroll taxes | $1,943,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | -$496,166 |
| Fees for services: Accounting | $239,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,036,041 |
| Advertising and promotion | $1,345,607 |
| Office expenses | $1,729,971 |
| Information technology | $8,108,679 |
| Royalties | $0 |
| Occupancy | $1,959,737 |
| Travel | $15,039 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $711,958 |
| Interest | $6,491,352 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,875,344 |
| Insurance | $566,301 |
| All other expenses | $1,807,942 |
| Total functional expenses | $59,413,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $678,917,347 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $212,057 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,354,427,314 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,571,012 |
| Net Land, buildings, and equipment | $25,841,690 |
| Investments—publicly traded securities | $227,575,019 |
| Investments—other securities | $3,115,600 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,195,591 |
| Total assets | $2,324,855,630 |
| Accounts payable and accrued expenses | $14,231,592 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $252,877 |
| 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 | $2,087,475,694 |
| Total liabilities | $2,101,960,163 |
| 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 | $222,895,467 |
| Total liabilities and net assets/fund balances | $2,324,855,630 |
Grants Awarded
Over the last fiscal year, Columbia Community Credit Union has awarded $278,965 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Vancouver, WA PURPOSE: SUPPORT FOR STEM PROGRAM THROUGH GRANTS | $40,000 |
Vancouver, WA PURPOSE: PRESERVATION FOR NATIONAL SITE AND SUPPORT FOR EDUCATION PROGRAMS THROUGH SPONSORSHIP AND EVENT FUNDRAISING | $30,600 |
Vancouver, WA PURPOSE: SUPPORT FOR PROGRAMS FOR AT-RISK YOUTH THROUGH EVENT SPONSORSHIP | $25,000 |
Dallas, TX PURPOSE: SUPPORT FOR HEART DISEASE RESEARCH AND PREVENTION THROUGH EVENT SPONSORSHIP | $25,000 |
Vancouver, WA PURPOSE: SUPPORT FOR ECONOMIC DEVELOPMENT THROUGH GRANT | $20,000 |
Portland, OR PURPOSE: SUPPORT FOR THE CHILD ABUSE ADVOCACY TEAM THROUGH EVENT FUNDRAISING | $15,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Community Credit Union Eugene, OR | $2,826,121,126 | $182,242,816 |
Credit Unions In The State Of Washington Olympia, WA | $2,172,440,238 | $102,241,429 |
Credit Unions In The State Of Washington Tacoma, WA | $2,549,084,611 | $105,611,575 |
Potlatch No 1 Federal Credit Union Lewiston, ID | $1,982,476,028 | $87,422,599 |
Selco Community Credit Union Springfield, OR | $2,557,598,852 | $90,564,912 |
Kitsap Credit Union Bremerton, WA | $2,025,562,127 | $86,231,802 |
Whatcom Educational Credit Union Bellingham, WA | $2,491,858,278 | $85,746,120 |
Columbia Community Credit Union Vancouver, WA | $2,324,855,630 | $81,363,284 |
Iq Credit Union Vancouver, WA | $1,792,465,816 | $77,633,682 |
Advantis Credit Union Clackamas, OR | $1,980,374,380 | $72,337,533 |
Credit Union 1 Anchorage, AK | $1,468,974,903 | $70,736,844 |
Credit Unions In The State Of Washington Spokane Valley, WA | $1,730,610,354 | $75,301,654 |