Credit Unions In the State of Washington
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Credit Unions In the State of Washington is a 501(c)(14) organization based in Olympia, Washington, registered in 1954, with $318,637,000 in FY2024 revenue. CharityIndex grades it A.
Po Box 718, Olympia, WA, 98507 EIN 91-0440744 Since 1954
Revenue (FY2024)
$318.6M
▲ 34.1% vs prior year
Expenses (FY2024)
$292.4M
Net assets
$413.8M
Employees
984
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 rating17 mo reserves · +8% 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: 17 mo reserves · +8% 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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Mission
Invest in people, champion success!
What they do
Checking accounts: twinstar provides checking accounts for consumers with various features, from free accounts to those with enhanced benefits. most offer dividends that are paid monthly. additionally, twinstar extends the reach of these accounts to all members with free debit cards, internet account access, mobile banking and free use of the internet bill payer platform.
Consumer loans: twinstar credit union has provided vehicle loans since its early years. the consumer loan product line now includes efficient underwriting and flexible offerings for recreational vehicles, boats and motorcycles. twinstar also offers visa credit cards to members. this product line satisfies members diverse borrowing needs, from a share secured card to a credit line for young borrowers to a card with larger credit lines and low interest rates. twinstar also offers home equity/real estate loans, business loans and student loan refinance.
We offer and actively sell to our members different kinds of insurance: homeowners, condo, renters, travel, trailers, rv, auto, motorcycle, watercraft, mobile/manufactured homes, atvs, umbrella, personal excess policies, earthquake, flood, commercial auto and small business loans.
Contact & location
- Address
- Po Box 718, Olympia, WA, 98507
- City
- Olympia
- State
- Washington
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $60.9M (FY2013) to $318.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.9BNet assets $413.8M
Operating margin
8.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.3B
Total liabilities
$3.9B
Net assets
$413.8M
Salaries & benefits
$106.3M
36% of expenses
Board members
12
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $318,637,000▲34.1% | $292,369,538▲42.4% | $413,803,028▲7.1% | $4,269,782,992▲1.6% | 990 |
| 2023 | $237,650,989▲98.9% | $205,361,196▲119% | $386,399,963▲141% | $4,200,889,028▲86.5% | 990 |
| 2022 | $119,511,993▲16.9% | $93,765,436▲12.4% | $160,195,432▼14.1% | $2,252,123,510▲3.7% | 990 |
| 2021 | $102,241,429▼2.5% | $83,435,805▼8.6% | $186,589,951▲6.8% | $2,172,440,238▲17.6% | 990 |
| 2020 | $104,901,205▲3.1% | $91,268,769▲9.6% | $174,666,912▲9.0% | $1,846,725,050▲27.1% | 990 |
| 2019 | $101,789,023▲10.3% | $83,248,853▲10.1% | $160,288,961▲13.9% | $1,453,256,981▲6.8% | 990 |
| 2018 | $92,302,486▲15.2% | $75,591,890▲9.0% | $140,778,330▲13.3% | $1,361,270,011▲8.1% | 990 |
| 2017 | $80,099,610▲8.8% | $69,345,144▲6.7% | $124,256,964▲9.7% | $1,258,857,898▲7.8% | 990 |
| 2016 | $73,628,318▲6.3% | $64,994,992▲6.2% | $113,267,817▲8.2% | $1,167,403,727▲11.3% | 990 |
| 2015 | $69,232,398▲13.6% | $61,224,103▲17.1% | $104,661,977▲8.6% | $1,048,463,368▲13.4% | 990 |
| 2014 | $60,954,429▲0.1% | $52,281,458▼0.8% | $96,360,467▲14.0% | $924,770,776▲5.0% | 990 |
| 2013 | $60,911,621 | $52,699,111▼6.9% | $84,521,651▲3.9% | $880,814,196▲6.0% | 990 |
| 2012 | — | $56,631,678▲3.3% | $81,311,192▲7.4% | $831,339,299▲6.4% | 990 |
| 2011 | — | $54,816,227▼4.7% | $75,715,357▲12.0% | $781,351,687▲8.1% | 990 |
| 2010 | — | $57,510,987 | $67,605,547 | $722,787,853 | 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: Jeff Kennedy — $5,897,502 (2.02% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jeff Kennedy | Ceo/treasurer | 40 | $5,897,502 |
| John Iglesias | President | 40 | $3,225,161 |
| Aaron Palmer | Chief Revenue Officer | 40 | $609,568 |
| Kimberly Steepy | Chief Financial Officer | 40 | $437,430 |
| Cheryl Crow | Chief Revenue Officer | 40 | $418,611 |
| Alan Pitcher | Chief Information Officer | 40 | $403,282 |
| Kenneth Myhra | Chief Digital & Payments Officer | 40 | $395,075 |
| Tammy Teeter | Chief Administrative Officer | 40 | $366,994 |
| Jeffrey Yoder | Chief Accounting Officer | 40 | $366,759 |
| Kenneth Kendo Santos | Chief Risk Officer | 40 | $364,325 |
| Kyndal Harris | Chief Experience Officer | 40 | $332,728 |
| Racardo Mclaughlin | Vp of Mortgage Lending | 40 | $300,361 |
| Terry Hagio | Vp of Technology Services & Solutions | 40 | $292,740 |
| Kate Lange | Senior Investment Services Advisor | 40 | $289,792 |
| Debra Gildner | Vp of Accounting & Finance | 40 | $288,047 |
| Patrice Kruger | Vp of Channel Services | 40 | $288,009 |
| Casey Ries | Vp of Internal Audit | 40 | $284,426 |
| Todd Dietmeyer | Senior Investment Services Advisor | 40 | $283,520 |
| Matthew Wade | Vp of Residential Lending | 40 | $280,534 |
| George Williams | Vp of Tech Operations & Information Security | 40 | $276,865 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Fiserv | Financial Services Technology | $6,045,404 |
| Narmi Inc | Electronic Banking Services | $3,030,140 |
| Q2 Software Inc | Electronic Banking Services | $2,442,671 |
| Jack Henry & Associates Inc | Financial Services Technology | $1,829,667 |
| Upstart Network Inc | Loan Services | $1,497,828 |
Grants made · $622K in FY2024
21 grants totaling $622K in FY2024 — showing the 15 largest. All grants made by Credit Unions In the State of Washington →
| Recipient | Purpose | Amount |
|---|---|---|
| Twinstar Community Foundation | College/higher ed scholarships/classroom assistance | $341,075 |
| Gowest Foundation | Cu for kids donation | $45,000 |
| South Puget Sound Community College Foundation | Scholars fund | $38,500 |
| Saint Martins University | Athletics sponsorship; bus leadership donation | $37,500 |
| Ronald Mcdonald House Oregon | Student welcome donation | $15,000 |
| Community Foundation of South Puget Sound | Hearts for hope sponsorship | $12,500 |
| Oslc Developments Inc | Sponsorship/donation | $10,000 |
| Olympia Family Theater | Sponsorship/donation | $10,000 |
| South Sound Young Mens Christian Association | Club support/donation | $10,000 |
| United Way of Thurston County | Arts sponsorship/donation | $10,000 |
| Office of the Secretary of State | Strong kids campaign/emerging leadership donation | $10,000 |
| Asia Pacific Cultural Center | Cornerstone sponsorship | $10,000 |
| Asian American Council of Oregon | Give local/sponsorship | $10,000 |
| Boys and Girls Clubs of Thurston County | Culture/arts sponsorship | $10,000 |
| Eugene Public Library Foundation | Sponsorship/donation | $10,000 |
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 91-0440744, based in Olympia, 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 91-0440744.
- How much revenue does Credit Unions In the State of Washington report?
- Credit Unions In the State of Washington reported $318,637,000 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Credit Unions In the State of Washington have?
- CharityIndex grades Credit Unions In the State of Washington A, based on financial health (reserves and operating margin).
- 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 $5,897,502, paid to Jeff Kennedy (Ceo/treasurer).
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Data for Credit Unions In the State of Washington (EIN 91-0440744) 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.