Credit Unions In the State of Washington
501(c)(14)
100% 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 $335,996,713 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
330 East Union, Olympia, WA, 98501 EIN 91-0683062 Since 1954
Revenue (FY2024)
$336.0M
▲ 5.7% vs prior year
Expenses (FY2024)
$331.4M
Net assets
$393.9M
Employees
953
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating100% to programs
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. For Credit Unions In the State of Washington: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating14 mo reserves · +1% 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: 14 mo reserves · +1% 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 →
A+Transparency10% of the rating5 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: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To provide services to members which are mandated in the credit union act to charters and to provide a means whereby members can provide each other with needed financial services.
What they do
Loans: from the cars members drive to the untapped equity in their homes, wsecu loans are designed to give members the utmost buying power and payment flexibility. backed with our outstanding service, there is simply no better place to go for members' lending needs.
Credit cards: wsecu provides a variety of credit card options to meet the varied lifestyles of our members. each option includes the value of a variable interest rate, no annual fee, plus the cost-savings benefit of a 25-day grace period on new purchases, and the purchasing power of the most recognized credit card in the world. each of our credit card options provides unique features and benefits. from higher spending limits to rewards programs to first-time cardholders establishing credit, wsecu members have an exciting range of credit card options from which to choose.
Contact & location
- Address
- 330 East Union, Olympia, WA, 98501
- City
- Olympia
- State
- Washington
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $114.5M (FY2013) to $336.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.8BNet assets $393.9M
Operating margin
1.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$5.2B
Total liabilities
$4.8B
Net assets
$393.9M
Salaries & benefits
$99.5M
30% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $335,996,713▲5.7% | $331,443,360▲14.5% | $393,946,249▲2.4% | $5,165,066,329▼3.6% | 990 |
| 2023 | $317,874,177▲45.7% | $289,348,460▲44.0% | $384,548,240▲12.0% | $5,357,264,547▲8.6% | 990 |
| 2022 | $218,232,879▲13.7% | $200,999,720▲39.3% | $343,343,856▼19.0% | $4,932,136,053▲6.4% | 990 |
| 2021 | $192,003,010▲0.1% | $144,257,586▼15.2% | $424,099,610▲8.7% | $4,636,127,364▲13.7% | 990 |
| 2020 | $191,745,564▼0.3% | $170,138,844▲6.0% | $390,084,954▲8.1% | $4,076,563,130▲22.1% | 990 |
| 2019 | $192,328,707▲3.2% | $160,546,308▲7.2% | $360,850,095▲11.6% | $3,338,765,767▲12.4% | 990 |
| 2018 | $186,348,441▲14.7% | $149,714,114▲4.5% | $323,201,235▲11.9% | $2,971,353,784▲7.5% | 990 |
| 2017 | $162,502,294▲4.9% | $143,309,512▲7.5% | $288,766,597▲7.1% | $2,765,324,543▲8.7% | 990 |
| 2016 | $154,894,641▲4.6% | $133,315,546▲5.0% | $269,726,751▲8.0% | $2,543,164,364▲6.0% | 990 |
| 2015 | $148,063,687▲14.2% | $126,973,376▲17.7% | $249,786,967▲9.2% | $2,399,115,293▲8.2% | 990 |
| 2014 | $129,616,295▲13.2% | $107,861,150▲14.0% | $228,840,641▲12.7% | $2,217,436,663▲15.4% | 990 |
| 2013 | $114,455,507 | $94,637,300▲1.3% | $203,006,408▲6.7% | $1,922,282,964▲6.4% | 990 |
| 2012 | — | $93,454,443▲3.5% | $190,314,005▲11.4% | $1,806,158,758▲9.0% | 990 |
| 2011 | — | $90,315,913▼3.4% | $170,786,261▲7.7% | $1,657,596,502▲7.2% | 990 |
| 2010 | — | $93,515,959 | $158,557,481 | $1,546,329,476 | 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: Gary Swindler — $2,170,133 (0.65% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Gary Swindler | President/ceo | 40 | $2,170,133 |
| Paul Kirkbride | Chief Operating Officer | 40 | $635,866 |
| Randy Gunderson | Chief Financial Officer | 40 | $609,789 |
| Emily Friesen | Chief Marketing & Analytics Officer | 40 | $440,784 |
| Julie Lind | Chief Lending Officer | 40 | $426,039 |
| Judith Henderson | Chief Technology Officer | 40 | $404,880 |
| Kimberly Duffy | Vp People & Culture Services | 40 | $296,224 |
| Jeff Reese | Financial Advisor | 40 | $294,974 |
| Jamila Thomas | Chief Administrative Officer | 40 | $287,346 |
| Ann Flannigan | Vp Public Relations | 40 | $283,040 |
| Petar Jelinic | Vp Business Lending | 40 | $281,907 |
| Aaron Robel | Vp Information Security and Fraud | 40 | $277,191 |
| Ryan Brooks | Chief Digital Officer | 40 | $272,464 |
| Tracy Guerin | Board Member | 1 | $2,279 |
| Carole Washburn | Board Member | 1 | $2,123 |
| Vikki Smith | Board Secretary | 1 | $1,867 |
| Marcus Glaspar | Board Vice Chair | 1 | $1,750 |
| Steve Lerch | Board Member | 1 | $1,594 |
| Joseph Pearson | Board Member | 1 | $1,172 |
| Stacia Hollar | Board Member | 1 | $1,128 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Backbase USA Inc | It Related/online Banking | $5,721,594 |
| Hydrogen LLC | Marketing | $3,664,780 |
| Kaye Smith | Statements/forms | $2,319,520 |
| Nextbranch LLC | Atm Related | $1,678,693 |
| Amplifi Loyalty Solutions LLC | Visa Related | $1,262,364 |
Grants made · $881K in FY2024
18 grants totaling $881K in FY2024 — showing the 15 largest. All grants made by Credit Unions In the State of Washington →
| Recipient | Purpose | Amount |
|---|---|---|
| Hands On Childrens Museum | To provide hands-on, engaging learning experiences for children and aims to foster curiosity and creativity. | $250,000 |
| University of Washington Foundation | To support student success, especially for first-generation college students and students of color. | $100,000 |
| University of Washington Foundation | To support student success, especially for first-generation college students and students of color. | $100,000 |
| Seattle Colleges Foundation | To support student success, especially for first-generation college students and students of color. | $100,000 |
| Eastern Washington University Foundation | To offer financial resources and education to the university community. | $60,500 |
| Wa State Parks Foundation | To allow greater access to parks across the state. | $35,000 |
| Spscc Foundation | To provide scholarships for students. | $35,000 |
| Junior Achievement USA | To support financial literacy education for k-12 students in the state. | $30,000 |
| Pacific Lutheran University Inc | Community involvement. | $30,000 |
| Breakfast Group | To heal the educational equity gap and racial divide. | $25,000 |
| Washington Public Affairs Network | To help deepen public understanding of key statewide issues and encourage civic engagement. | $25,000 |
| Office of Financial Management | Community involvement. | $20,000 |
| Second Harvest Inland Northwest | To get food to those experiencing hunger in eastern washington and northern idaho. | $18,000 |
| United Way of Thurston County | Community involvement. | $15,000 |
| Evergreen State College Foundation | Community involvement. | $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 91-0683062, 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 91-0683062.
- How much revenue does Credit Unions In the State of Washington report?
- Credit Unions In the State of Washington reported $335,996,713 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Credit Unions In the State of Washington's spending goes to programs?
- Credit Unions In the State of Washington spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Credit Unions In the State of Washington have?
- CharityIndex grades Credit Unions In the State of Washington A+, based on program efficiency and fundraising cost.
- 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 $2,170,133, paid to Gary Swindler (President/ceo).
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Data for Credit Unions In the State of Washington (EIN 91-0683062) 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.