Numerica Credit Union
- Assets
- $3.5b
- Revenue
- $167.0m
- Investments
- $406.4m
- Employees
- 787
- Location
- Spokane Valley, WA
- Founding
- 07/1954
- Data as of
- 12/2021
- EIN
- 91-0863377
Organization Overview
Numerica Credit Union, operating under the name Na, is located in Spokane Valley, 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, Na employed 787 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Na 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, Na generated $167.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $125.1m during the year ending 12/2021. While expenses have increased by 9.0% 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.
Since 2014, Na has awarded 142 individual grants totaling $2,497,161. 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
CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SERVICES TO 167,690 MEMBERS. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, PROVIDING REAL ESTATE AND OTHER SECURED/UNSECURED CONSUMER AND BUSINESS LOANS, CHECKING AND SAVINGS PROGRAMS, AND CREDIT CARD SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cicero Carla President/ceo | Officer | 40 | $1,137,978 |
Leaver Cindy Chief Strategy Officer (thru 3/21) | Officer | 40 | $478,682 |
Sherman Nicole Chief Operating Officer | Officer | 40 | $467,887 |
Kelly Jason Hlc Senior Loan Officer | 40 | $412,579 | |
Chamberlin Bryce VP Private Banking Team | 40 | $409,740 | |
Ferguson Kelley Chief Administration Officer | Officer | 40 | $403,710 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Leone & Keeble Inc General Contractor | 12/30/21 | $2,632,525 |
Loomis Fargo & Co Atm Branch & Cash Delivery | 12/30/21 | $1,471,663 |
Chapter & Verse Marketing/public Relations | 12/30/21 | $1,256,834 |
Advanced Amc Inc Appraisals | 12/30/21 | $1,010,680 |
Mtr Communications Marketing/public Relations | 12/30/21 | $1,117,115 |
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 | $161,280,754 |
| Investment income | $5,416,790 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $292,487 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $166,990,031 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $765,019 |
| Grants and other assistance to domestic individuals. | $55,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,219,753 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,899,359 |
| Pension plan accruals and contributions | $3,060,734 |
| Other employee benefits | $5,622,886 |
| Payroll taxes | $4,368,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $176,437 |
| Fees for services: Accounting | $306,034 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,335,822 |
| Advertising and promotion | $4,635,084 |
| Office expenses | $5,632,589 |
| Information technology | $5,829,206 |
| Royalties | $0 |
| Occupancy | $2,517,026 |
| Travel | $538,563 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $293,799 |
| Interest | $17,702,832 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,771,644 |
| Insurance | $1,034,874 |
| All other expenses | $659,143 |
| Total functional expenses | $125,052,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,674,314 |
| Savings and temporary cash investments | $303,870,094 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $44,544,362 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,532,517,289 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,725,267 |
| Net Land, buildings, and equipment | $58,698,142 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $406,402,841 |
| Investments—program-related | $0 |
| Intangible assets | $164,063 |
| Other assets | $61,352,795 |
| Total assets | $3,458,949,167 |
| Accounts payable and accrued expenses | $39,881,832 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,141,854 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $90,500,000 |
| Unsecured mortgages and notes payable | $48,903,126 |
| Other liabilities | $2,951,971,304 |
| Total liabilities | $3,132,398,116 |
| 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 | $326,551,051 |
| Total liabilities and net assets/fund balances | $3,458,949,167 |
Grants Awarded
Over the last fiscal year, Numerica Credit Union has awarded $669,689 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
Spokane, WA PURPOSE: GENERAL SUPPORT | $42,500 |
Spokane, WA PURPOSE: GENERAL SUPPORT | $40,934 |
Spokane, WA PURPOSE: GENERAL SUPPORT | $38,500 |
Spokane, WA PURPOSE: GENERAL SUPPORT | $26,400 |
Kennewick, WA PURPOSE: GENERAL SUPPORT | $25,400 |
Coeur D Alene, ID PURPOSE: GENERAL SUPPORT | $25,165 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Credit Unions In The State Of Washington Tukwila, WA | $30,156,698,461 | $992,196,351 |
Onpoint Community Credit Union Portland, OR | $9,040,369,064 | $300,691,175 |
Credit Unions In The State Of Washington Richland, WA | $4,984,415,562 | $209,714,546 |
Spokane Teachers Credit Union Liberty Lake, WA | $4,949,789,010 | $204,900,448 |
Credit Unions In The State Of Washington Olympia, WA | $4,636,127,364 | $192,003,010 |
Numerica Credit Union Spokane Valley, WA | $3,458,949,167 | $166,990,031 |
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 |