Credit Unions In The State Of Washington

Organization Overview

Credit Unions In The State Of Washington is located in Tacoma, 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 329 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 $74.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $54.5m during the year ending 12/2021. While expenses have increased by 3.4% 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 2014, Credit Unions In The State Of Washington has awarded 70 individual grants totaling $1,302,059. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

HARBORSTONE CREDIT UNION EXISTS TO BE AN ANCHOR OF TRUST.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING CONSUMER AND MORTGAGE LOANS FOR 37,420 MEMBERS TOTALING $1,030,101,178.


PROVIDING BUSINESS LOANS TO 358 MEMBERS TOTALING $237,518,281.


MAINTAINING DEPOSITS ON 84,716 MEMBERS AND BUSINESS ACCOUNTS TOTALING $1,665,128,104.


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Board, Officers & Key Employees

Name (title)Compensation
Phil Jones
President & CEO
$1,376,021
Forest Hayes
Sr VP CFO
$325,175
Steve Crosby
Sr VP COO
$317,316
Lisa Stirgis
Sr VP Cxo
$295,301
Michael Decius
Sr VP Cio
$272,153
Robert Luettjohann
Sr VP Clo
$266,818

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Nrc Corporation
Online Banking Provider
$1,895,493
Visa Usa
Debit & Credit Card Network Processor
$816,753
Fidelity Information Services Inc
Core Processor, Check Processing
$1,095,923
Cook Solutions Group
Atm, Tcr & Security Equipment Servicing
$1,086,930
Pscu
Atm/network Processor
$744,115
View All Vendors

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$67,416,673
Investment income $5,044,458
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $87,782
Net Gain/Loss on Asset Sales $1,518,441
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $74,633,531

Grants Awarded

Over the last fiscal year, Credit Unions In The State Of Washington has awarded $334,367 in support to 14 organizations.

Grant RecipientAmount

UNIVERSITY OF WA FOUNDATION

Org PageRecipient Profile

Seattle, WA

PURPOSE: UNRESTRICTED

$75,000

BUSINESS IMPACT NW (SEATTLE ECONOMIC DEVELOPMENT)

Org PageRecipient Profile

Seattle, WA

PURPOSE: UNRESTRICTED

$57,783

JUNIOR ACHIEVEMENT OF WASHINGTON

Org PageRecipient Profile

Auburn, WA

PURPOSE: UNRESTRICTED

$46,602

Tacoma, WA

PURPOSE: UNRESTRICTED

$45,932

PIKE PLACE MARKET FOUNDATION

Org PageRecipient Profile

Seattle, WA

PURPOSE: UNRESTRICTED

$20,100

UNITED WAY OF PIERCE COUNTY

Org PageRecipient Profile

Tacoma, WA

PURPOSE: UNRESTRICTED

$15,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Credit Unions In The State Of Washington has recieved totaling $30,000.

Awarding OrganizationAmount
Credit Unions In The State Of Washington

Tacoma, WA

PURPOSE: UNRESTRICTED

$30,000
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
Oregon Community Credit Union
Eugene, OR
$182,242,816
Credit Unions In The State Of Washington
Olympia, WA
$102,241,429
Credit Unions In The State Of Washington
Tacoma, WA
$105,611,575
Potlatch No 1 Federal Credit Union
Lewiston, ID
$87,422,599
Selco Community Credit Union
Springfield, OR
$90,564,912
Kitsap Credit Union
Bremerton, WA
$86,231,802
Whatcom Educational Credit Union
Bellingham, WA
$85,746,120
Columbia Community Credit Union
Vancouver, WA
$81,363,284
Iq Credit Union
Vancouver, WA
$77,633,682
Advantis Credit Union
Clackamas, OR
$72,337,533
Credit Union 1
Anchorage, AK
$70,736,844
Credit Unions In The State Of Washington
Spokane Valley, WA
$75,301,654

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