Central Willamette Credit Union Union
- Assets
- $519.4m
- Revenue
- $30.0m
- Investments
- $76.6m
- Employees
- 174
- Location
- Albany, OR
- Founding
- Data as of
- 12/2023
- EIN
- 93-0496543
Organization Overview
Central Willamette Credit Union Union, operating under the name Na, is located in Albany, OR. As of 12/2023, Na employed 174 individuals. 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 12/2023, Na generated $30.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $24.9m during the year ending 12/2023. While expenses have increased by 9.8% per year over the past 9 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 2022, Na has awarded 12 individual grants totaling $157,020. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SIMPLIFIED ACCESS TO AFFORDABLE FINANCIAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTRAL WILLAMETTE CREDIT UNION SERVICES 35,276 MEMBERS OF OUR COMMUNITY WITH DIVERSE FINANCIAL PRODUCTS AND SERVICES. DURING THE YEAR WE GRANTED A TOTAL OF 5,067 LOANS WORTH $119,620,744 TO OUR MEMBERS. WE HAVE A TOTAL LOAN PORTFOLIO OF 19,753 LOANS WORTH $388,982,008. THE CREDIT UNION MAINTAINS 70,596 DEPOSIT ACCOUNTS FOR OUR MEMBERS WORTH $443,529,558. THE CREDIT UNION EMPLOYS 131 INDIVIDUALS FROM OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Healy Director | Trustee | 2 | $0 |
Steve Uerlings Chair | OfficerTrustee | 3 | $0 |
Tom Cutsforth Director | Trustee | 2 | $0 |
Marty Cahill Secretary | OfficerTrustee | 3 | $0 |
Mark Yeager Director | Trustee | 2 | $0 |
Greg Hamann Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pscu Credit And Debit Card Processor | 12/30/23 | $949,639 |
Tyfone Inc Online Banking Platform Saas | 12/30/23 | $388,796 |
Alpine Marketing Marketing Services | 12/30/23 | $367,842 |
Momentum Inc Construction Services | 12/30/23 | $789,892 |
Amazon Web Services Inc Web Services | 12/30/23 | $320,303 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $495,000 |
| 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 | $495,000 |
| Total Program Service Revenue | $26,612,271 |
| Investment income | $1,642,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,049 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,955,433 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $74,893 |
| 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. | $1,411,716 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,077,986 |
| Pension plan accruals and contributions | $176,743 |
| Other employee benefits | $1,075,952 |
| Payroll taxes | $722,470 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $77,905 |
| Fees for services: Accounting | $114,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,990,947 |
| Advertising and promotion | $524,934 |
| Office expenses | $800,980 |
| Information technology | $1,497,034 |
| Royalties | $0 |
| Occupancy | $798,036 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $223,390 |
| Interest | $3,029,628 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $935,280 |
| Insurance | $129,433 |
| All other expenses | $1,119,753 |
| Total functional expenses | $24,930,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,505,874 |
| Savings and temporary cash investments | $10,459,014 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $385,031,463 |
| Loans from Officers, Directors, or Controlling Persons | $12,124,131 |
| 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 | $9,133,547 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $76,580,744 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,589,022 |
| Total assets | $519,423,795 |
| Accounts payable and accrued expenses | $9,059,813 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $98,398 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $24,500,000 |
| Other liabilities | $443,431,159 |
| Total liabilities | $477,089,370 |
| 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 | $42,334,425 |
| Total liabilities and net assets/fund balances | $519,423,795 |
Grants Awarded
Over the last fiscal year, Central Willamette Credit Union Union has awarded $56,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ALBANY PARKS & RECREATION PURPOSE: $25K NW ART & AIR FESTIVAL SPONSORSHIP | $25,000 |
BOYS & GIRLS CLUB OF ALBANY PURPOSE: $5K CELEBRATION OF TREES PRESENTING SPONSOR, $1K ANNUAL AUCTION TABLE | $6,000 |
DISTRICT 24J MARION COUNTY ORE PURPOSE: $10K 2023 CTEC MENTAL HEALTH SPONSORSHIP | $10,000 |
GO WEST FOUNDATION PURPOSE: $15K - CAR FOR AUCTION BID#1201 CU 4 KIDS | $15,000 |