Credit Unions In the State of Washington
501(c)(14)
Strong reserves Growing revenue
Credit Unions In the State of Washington is a 501(c)(14) organization based in Tukwila, Washington, registered in 1972, with $1,776,584,337 in FY2024 revenue.
12770 Gateway Dr S, Tukwila, WA, 98168 EIN 91-0219435 Since 1972
Revenue (FY2024)
$1.8B
▲ 15.5% vs prior year
Expenses (FY2024)
$1.5B
Net assets
$2.6B
Employees
3,711
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Credit Unions In the State of Washington— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating20 mo reserves · +14% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Credit Unions In the State of Washington: 20 mo reserves · +14% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Credit Unions In the State of Washington: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Credit Unions In the State of Washington: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
As a cooperative we bring people together to improve the financial well-being of our members and their communities.
Contact & location
- Address
- 12770 Gateway Dr S, Tukwila, WA, 98168
- City
- Tukwila
- State
- Washington
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $529.0M (FY2013) to $1.8B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $26.8BNet assets $2.6B
Operating margin
13.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$29.4B
Total liabilities
$26.8B
Net assets
$2.6B
Salaries & benefits
$513.4M
33% of expenses
Board members
9
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,776,584,337▲15.5% | $1,536,607,880▲13.1% | $2,577,969,015▲12.4% | $29,352,686,764▼1.7% | 990 |
| 2023 | $1,537,981,153▲42.9% | $1,358,881,191▲54.5% | $2,292,723,170▲17.7% | $29,871,889,353▲3.8% | 990 |
| 2022 | $1,076,116,183▲8.5% | $879,646,068▲19.2% | $1,947,691,659▼30.4% | $28,780,643,575▼4.6% | 990 |
| 2021 | $992,196,351▲4.8% | $737,944,717▼5.8% | $2,797,748,061▲3.4% | $30,156,698,461▲12.7% | 990 |
| 2020 | $946,571,736▼6.7% | $783,626,413▲6.0% | $2,706,695,610▲10.3% | $26,751,027,006▲20.6% | 990 |
| 2019 | $1,014,880,283▲17.9% | $739,519,649▲21.6% | $2,453,494,853▲16.3% | $22,178,675,264▲13.2% | 990 |
| 2018 | $861,138,238▲18.2% | $607,945,962▲16.3% | $2,109,927,919▲10.4% | $19,588,565,098▲9.8% | 990 |
| 2017 | $728,457,623▲14.9% | $522,543,830▲23.3% | $1,911,003,380▲12.4% | $17,840,296,958▲9.1% | 990 |
| 2016 | $633,912,726▲12.1% | $423,949,096▲15.1% | $1,700,857,750▲13.5% | $16,355,135,100▲13.0% | 990 |
| 2015 | $565,501,796▲11.4% | $368,221,075▲12.6% | $1,498,672,306▲15.2% | $14,475,850,637▲10.9% | 990 |
| 2014 | $507,813,618▼4.0% | $327,009,492▲2.3% | $1,301,238,834▲14.1% | $13,052,033,881▲9.4% | 990 |
| 2013 | $529,012,317 | $319,577,213▼21.1% | $1,139,980,861▲24.1% | $11,933,480,219▲7.6% | 990 |
| 2012 | — | $405,240,695▲3.9% | $918,950,223▲16.4% | $11,094,203,476▲11.5% | 990 |
| 2011 | — | $389,879,410▼16.3% | $789,210,877▲18.5% | $9,950,213,245▲8.4% | 990 |
| 2010 | — | $465,809,848 | $666,156,209 | $9,181,353,207 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Beverly Anderson — $2,617,610 (0.17% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Beverly Anderson | President Ceo | 40 | $2,617,610 |
| Xiaobo Ni | Sr Mortgage Advisor - Primary Market | 40 | $2,152,742 |
| Melba Bartels | Evp Chief Financial Officer | 40 | $2,121,166 |
| Michael Scott Strand | Evp Chief Operating Officer | 40 | $1,957,229 |
| Thomas Berquist | Former Evp Chief Marketing Officer | 40 | $1,208,316 |
| Rick Eiel | Evp Chief Data and Analytics Officer | 40 | $1,051,060 |
| Bobbi Moody | Sr Mortgage Advisor - Primary Market | 40 | $1,037,368 |
| Douglas Marshall | Evp Chief Product Digital Officer | 40 | $981,811 |
| Nathan Ramachandran | Evp Chief Technology Officer | 40 | $930,493 |
| John Benson Porter | Former President Ceo | 0 | $926,229 |
| Dana Gray | Svp Commercial and Business Services | 40 | $831,852 |
| Jason Rudman | Evp Chief Membership Experience Officer | 40 | $786,940 |
| John Stewart | Evp Chief Risk Officer | 40 | $762,524 |
| Sonika Saini | Sr Mortgage Advisor - Primary Market | 40 | $755,925 |
| Ivan Seda | Svp Financial Performance Management | 40 | $753,717 |
| Beth Hale | Evp Chief Consumer and Business Solutions Officer | 40 | $739,441 |
| Raquel Karls | Evp Chief People Officer | 40 | $604,425 |
| Drew Wolff | Evp Chief Financial Officer | 40 | $601,509 |
| Mike Ryan | Evp Chief Legal Officer and General Counsel | 40 | $571,476 |
| Shawna Thompson | Evp Head of Operations | 40 | $550,836 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Pscu Incorporated | Online Banking | $17,659,061 |
| Mastercard International Inc | Financial Services | $17,329,584 |
| Dna Brand Mechanics | Branding & Advertising | $16,337,126 |
| Microsoft Corporation Inc | Technology Services | $12,760,213 |
| Fiserv Inc | Financial Services | $9,144,171 |
Grants made · $9.9M in FY2024
192 grants totaling $9.9M in FY2024 — showing the 15 largest. All grants made by Credit Unions In the State of Washington →
| Recipient | Purpose | Amount |
|---|---|---|
| Becu Foundation | Operations for the becu foundation | $2,595,467 |
| American Online Giving Foundation Inc | Donation | $1,150,000 |
| Friends of Kexp | Donation | $543,351 |
| The Seattle Foundation | Donation | $325,000 |
| Credit Unions In the State of Washington | Support | $300,000 |
| Business Impact Nw | Donation | $278,000 |
| National Credit Union Foundation Inc | Donation | $210,000 |
| Junior Achievement USA | Donation | $205,000 |
| Washington State University Foundation | Donation | $200,000 |
| Seattle Colleges Foundation | Donation | $170,000 |
| Denkyem Spc | Donation | $150,000 |
| African American Credit Union Coalition | Donation | $115,000 |
| Family First Community Center | Donation | $107,500 |
| Intentionalist Spc | Donation | $106,000 |
| Spokane Neighborhood Action Partners | Donation | $100,000 |
Frequently asked questions
- Is Credit Unions In the State of Washington a legitimate nonprofit?
- Yes. Credit Unions In the State of Washington is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 91-0219435, based in Tukwila, Washington.
- What is Credit Unions In the State of Washington's EIN?
- Credit Unions In the State of Washington's Employer Identification Number (EIN) is 91-0219435.
- How much revenue does Credit Unions In the State of Washington report?
- Credit Unions In the State of Washington reported $1,776,584,337 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Credit Unions In the State of Washington's highest-paid employee make?
- The highest reported compensation on Credit Unions In the State of Washington's latest Form 990 is $2,617,610, paid to Beverly Anderson (President Ceo).
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Data for Credit Unions In the State of Washington (EIN 91-0219435) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.