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 Tacoma, Washington, registered in 1954, with $178,242,646 in FY2024 revenue. CharityIndex grades it A.
Po Box 1595, Tacoma, WA, 98401 EIN 91-0557925 Since 1954
Revenue (FY2024)
$178.2M
▲ 17.6% vs prior year
Expenses (FY2024)
$163.9M
Net assets
$303.9M
Employees
487
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 rating22 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: 22 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
Cooperative providing financial services, including loans and share deposits to its members.
What they do
Also on the liability/equity side of the balance sheet, 17,841 of our members hold certificate accounts with total balances of $847,332,843
On the asset side, 85,992 of our members hold consumer loans that include vehicle, student, mortgage, and visa loans. consumer loans that include vehicle secured loans that $891,229,341. real estate secured loans totals $1,390,247,083. the loan portfolio totals, $2,464,640,693.
Contact & location
- Address
- Po Box 1595, Tacoma, WA, 98401
- City
- Tacoma
- State
- Washington
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $55.3M (FY2013) to $178.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.8BNet assets $303.9M
Operating margin
8.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.1B
Total liabilities
$2.8B
Net assets
$303.9M
Salaries & benefits
$48.1M
29% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $178,242,646▲17.6% | $163,923,839▲25.7% | $303,923,136▲5.3% | $3,072,228,160▲5.5% | 990 |
| 2023 | $151,525,047▲28.3% | $130,382,270▲35.7% | $288,528,214▲7.4% | $2,910,727,295▲7.8% | 990 |
| 2022 | $118,091,214▲11.8% | $96,088,860▲18.7% | $268,558,924▲1.5% | $2,699,695,858▲5.9% | 990 |
| 2021 | $105,611,575▲7.3% | $80,974,374▲1.3% | $264,498,555▲8.8% | $2,549,084,611▲14.9% | 990 |
| 2020 | $98,399,448▲1.8% | $79,924,369▲2.9% | $243,014,439▲9.0% | $2,219,039,629▲20.6% | 990 |
| 2019 | $96,634,060▲21.8% | $77,693,999▲33.5% | $222,941,788▲9.6% | $1,840,118,126▲20.1% | 990 |
| 2018 | $79,328,292▲11.4% | $58,211,984▲14.2% | $203,334,230▲11.5% | $1,532,196,727▲4.9% | 990 |
| 2017 | $71,209,414▲7.3% | $50,959,653▲4.8% | $182,301,595▲12.3% | $1,461,043,189▲5.9% | 990 |
| 2016 | $66,334,640▲9.1% | $48,612,045▲9.3% | $162,322,751▲12.3% | $1,379,598,394▲9.8% | 990 |
| 2015 | $60,775,351▲13.5% | $44,480,484▲15.3% | $144,550,161▲13.1% | $1,256,874,069▲8.9% | 990 |
| 2014 | $53,561,686▼3.2% | $38,583,453▲2.4% | $127,856,385▲14.9% | $1,153,990,675▲6.3% | 990 |
| 2013 | $55,344,996 | $37,681,955▼7.8% | $111,294,573▲17.2% | $1,085,325,460▲1.4% | 990 |
| 2012 | — | $40,852,075▲23.2% | $94,964,659▲24.6% | $1,070,060,077▲3.1% | 990 |
| 2011 | — | $33,167,699▲17.0% | $76,205,293▲41.6% | $1,038,302,758▲90.8% | 990 |
| 2010 | — | $28,360,279 | $53,835,258 | $544,191,702 | 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: Donald Clark Jr — $2,174,396 (1.33% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Donald Clark Jr | President/ceo | 40 | $2,174,396 |
| Wendy Cleveland Thru 224 | Evp/chief Operations Officer | 40 | $438,818 |
| Robyn Lachance | Evp/chief Strategy Officer | 40 | $406,854 |
| Charlene Henson | Svp/chief Retail Officer | 40 | $367,445 |
| Lyman Williams | Svp/chief Lending & Business Officer | 40 | $361,458 |
| Nancy Sternitzky | Svp/chief Information Officer | 40 | $321,678 |
| Kimberly Mapes | Svp/chief Employee Engagement Officer | 40 | $313,340 |
| Ryan Zilker | Svp/chief Growth Officer | 40 | $305,809 |
| Stacey Wilkerson | Evp/chief Financial & Risk Officer | 40 | $298,067 |
| Anthony Phillips | Vp Business Loan Officer | 40 | $246,001 |
| Benjamin Reed | Vp Business Loan Officer | 40 | $228,624 |
| Curtis Anderson Thru 524 | Vp/business Lending | 40 | $225,899 |
| Uwe Goeker | Vp/change Management & Enterprise Projects | 40 | $219,720 |
| Shelley Coleman | Director | 1 | $45,250 |
| John Bauder | Chair | 1 | $41,750 |
| James Griggs | Director | 1 | $41,000 |
| Barry Wallis | Vice Chair | 1 | $40,000 |
| David Wasson | Director | 1 | $40,000 |
| Haluk Demirkan | Director | 1 | $40,000 |
| Terry Pentimonti | Director | 1 | $39,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Visa Inc | Card Service/processing Fees | $4,224,550 |
| Lockton | Credit Insurance Services | $3,051,738 |
| Ncr | Digital Banking Services | $2,651,812 |
| Southwest Business Corporation | Financial and Insurance Services | $1,360,704 |
| Jack Henry & Associates | It System Services | $884,920 |
Grants made · $90K in FY2024
1 grant totaling $90K in FY2024. All grants made by Credit Unions In the State of Washington →
| Recipient | Purpose | Amount |
|---|---|---|
| Food Lifeline | Match grant from fhlb | $90,000 |
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 91-0557925, based in Tacoma, 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 91-0557925.
- How much revenue does Credit Unions In the State of Washington report?
- Credit Unions In the State of Washington reported $178,242,646 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 $2,174,396, paid to Donald Clark Jr (President/ceo).
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Data for Credit Unions In the State of Washington (EIN 91-0557925) 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.