Unitus Community Credit Union
- Assets
- $1.7b
- Revenue
- $70.8m
- Investments
- $18.2m
- Employees
- 374
- Location
- Portland, OR
- Founding
- 10/1944
- Data as of
- 12/2022
- EIN
- 93-0243503
Organization Overview
Unitus Community Credit Union is located in Portland, OR. The organization was established in 1944. 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 12/2022, Unitus Community Credit Union employed 374 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Unitus 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 12/2022, Unitus Community Credit Union generated $70.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $62.7m during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 8 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, Unitus Community Credit Union has awarded 85 individual grants totaling $1,674,735. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SERVICES TO 106,775 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. SUPPORT COMMUNITIES IN OUR FIELD OF MEMBERSHIP, INCLUDING CORPORATE PHILANTHROPY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Somnath Banerjee Board Chair | OfficerTrustee | 3 | $24,250 |
Matthew Micetic Board Vice Chair | OfficerTrustee | 3 | $15,750 |
Rhonda Cramer Board Secretary | OfficerTrustee | 3 | $15,750 |
Frank Chinn Director | Trustee | 3 | $15,750 |
Nicole Davison Leon Director | Trustee | 3 | $8,719 |
Tiffini Mueller Director | Trustee | 3 | $15,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edge Multimedia Inc Marketing Services | 12/30/22 | $1,346,567 |
Alkami Technology Inc Cloud-based Digital Banking Solutions | 12/30/22 | $1,754,956 |
The Element Group Inc Construction/interior Design Services | 12/30/22 | $820,322 |
Member Access Pacific Card Services Management | 12/30/22 | $1,156,558 |
Pscu Incorporated Overflow Call Center Support | 12/30/22 | $788,602 |
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 | $66,098,500 |
| Investment income | $3,159,820 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $673,313 |
| Net Gain/Loss on Asset Sales | $906,689 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,835,899 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $830,497 |
| Grants and other assistance to domestic individuals. | $17,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,566,789 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,910,369 |
| Pension plan accruals and contributions | $873,051 |
| Other employee benefits | $3,049,956 |
| Payroll taxes | $2,338,091 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $193,237 |
| Fees for services: Accounting | $110,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,655,311 |
| Advertising and promotion | $2,304,243 |
| Office expenses | $2,265,896 |
| Information technology | $4,382,859 |
| Royalties | $0 |
| Occupancy | $3,315,741 |
| Travel | $76,822 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,840 |
| Interest | $4,970,124 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,499,492 |
| Insurance | $213,874 |
| All other expenses | $2,649,887 |
| Total functional expenses | $62,658,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,467,735 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,305,762 |
| Loans from Officers, Directors, or Controlling Persons | $296,420 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,364,633,974 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,976,009 |
| Net Land, buildings, and equipment | $34,361,681 |
| Investments—publicly traded securities | $197,855,058 |
| Investments—other securities | $18,233,185 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,083,632 |
| Total assets | $1,727,213,456 |
| Accounts payable and accrued expenses | $20,558,014 |
| 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 | $1,555,942,701 |
| Total liabilities | $1,576,500,715 |
| 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 | $150,712,741 |
| Total liabilities and net assets/fund balances | $1,727,213,456 |
Grants Awarded
Over the last fiscal year, Unitus Community Credit Union has awarded $334,163 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S CANCER ASSOCIATION PURPOSE: GENERAL SUPPORT | $5,250 |
SUNSHINE DIVISION INC PURPOSE: GENERAL SUPPORT | $6,600 |
OREGON CONSULAR CORPS SCHOLARSHIP FUND PURPOSE: GENERAL SUPPORT | $7,500 |
NORTHWEST CREDIT UNION FOUNDATION PURPOSE: GENERAL SUPPORT | $6,000 |
SNOWCAP COMMUNITY CHARITIES PURPOSE: GENERAL SUPPORT | $10,000 |
SALEM HEALTH FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |