Northwest Community Credit Union
- Assets
- $0.0
- Revenue
- $43.0m
- Investments
- $0.0
- Employees
- 372
- Location
- Eugene, OR
- Founding
- 10/1944
- Data as of
- 12/2023
- EIN
- 93-0389726
Organization Overview
Northwest Community Credit Union is located in Eugene, 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 12/2023, Northwest Community Credit Union employed 372 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Northwest 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 12/2023, Northwest Community Credit Union generated $43.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $37.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOCUS ON THE MEMBER, ADD VALUE AND BUILD PARTNERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOCUS ON MEMBER, ADD VALUE AND BUILD PARTNERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Iglesias President & CEO | Officer | 50 | $674,363 |
Alan Pitcher Cio | Officer | 50 | $264,261 |
Jeffrey Yoder CFO | Officer | 50 | $188,589 |
Ken Myhra Cpo | Officer | 50 | $200,886 |
Jan Griffin Former Cxo | 0 | $217,450 | |
Cheryl Crow Cco | Officer | 50 | $157,164 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Q2 Software Inc Electronic Banking Svcs | 12/30/23 | $702,805 |
Fiserv Financial Technology | 12/30/23 | $3,414,054 |
Compunet Inc Financial Technology | 12/30/23 | $791,570 |
Alm First Group Llc Merger Consulting Svc | 12/30/23 | $594,656 |
Upstart Network Inc Lending Platform And Svcg | 12/30/23 | $566,047 |
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 | $38,758,218 |
| Investment income | $4,279,337 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,344 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,038,706 |
| 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. | $2,811,273 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,901,488 |
| Pension plan accruals and contributions | $217,548 |
| Other employee benefits | $1,289,066 |
| Payroll taxes | $1,171,042 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $635,030 |
| Fees for services: Accounting | $58,024 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $290,701 |
| Advertising and promotion | $711,914 |
| Office expenses | $2,018,677 |
| Information technology | $2,017,904 |
| Royalties | $0 |
| Occupancy | $836,871 |
| Travel | $159,935 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125,137 |
| Interest | $8,448,036 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,407,442 |
| Insurance | $88,783 |
| All other expenses | $140,474 |
| Total functional expenses | $37,410,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |