Iq Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Iq Credit Union is a 501(c)(14) organization based in Vancouver, Washington, registered in 1954, with $128,694,198 in FY2024 revenue. CharityIndex grades it A.
Po Box 1739, Vancouver, WA, 98668 EIN 91-0576399 Since 1954
Revenue (FY2024)
$128.7M
▲ 12.5% vs prior year
Expenses (FY2024)
$107.4M
Net assets
$205.2M
Employees
439
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 Iq Credit Union— 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 rating23 mo reserves · +17% 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 Iq Credit Union: 23 mo reserves · +17% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Iq Credit Union: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 Iq Credit Union: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide a full complement of quality financial services in a convenient, efficient, friendly, secure and profitable manner which meets the need of the membership.
Contact & location
- Address
- Po Box 1739, Vancouver, WA, 98668
- City
- Vancouver
- State
- Washington
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $26.3M (FY2013) to $128.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.8BNet assets $205.2M
Operating margin
16.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.0B
Total liabilities
$1.8B
Net assets
$205.2M
Salaries & benefits
$36.3M
34% of expenses
Board members
15
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $128,694,198▲12.5% | $107,438,006▼0.8% | $205,231,903▲14.4% | $2,014,416,592▼2.4% | 990 |
| 2023 | $114,383,646▲23.8% | $108,295,755▲59.2% | $179,380,096▲6.9% | $2,064,834,274▲2.8% | 990 |
| 2022 | $92,392,104▲19.0% | $68,013,244▲16.9% | $167,765,097▲8.9% | $2,008,224,369▲12.0% | 990 |
| 2021 | $77,633,682▲3.5% | $58,167,316▼1.9% | $154,062,883▲12.3% | $1,792,465,816▲16.9% | 990 |
| 2020 | $75,016,143▲10.2% | $59,297,085▲10.9% | $137,201,010▲12.4% | $1,533,211,130▲25.8% | 990 |
| 2019 | $68,078,628▲10.9% | $53,478,674▲19.7% | $122,113,533▲13.5% | $1,218,686,586▲10.2% | 990 |
| 2018 | $61,409,888▲18.2% | $44,684,893▲11.1% | $107,584,885▲18.0% | $1,105,731,125▲13.0% | 990 |
| 2017 | $51,969,336▲14.9% | $40,230,056▲17.6% | $91,169,690▲14.8% | $978,757,522▲6.4% | 990 |
| 2016 | $45,242,210▲13.7% | $34,214,291▲4.0% | $79,416,494▲14.4% | $919,609,475▲11.9% | 990 |
| 2015 | $39,783,577▲22.9% | $32,893,813▲21.3% | $69,427,112▲10.9% | $821,773,803▲10.0% | 990 |
| 2014 | $32,376,270▲23.1% | $27,109,129▲25.7% | $62,617,884▲51.6% | $746,799,732▲46.9% | 990 |
| 2013 | $26,305,939 | $21,574,816▲2.5% | $41,304,293▲11.0% | $508,467,996▲5.1% | 990 |
| 2012 | — | $21,046,982▼9.1% | $37,200,810▲12.1% | $483,777,067▲7.2% | 990 |
| 2011 | — | $23,161,790▼12.4% | $33,190,703▲13.3% | $451,327,410▲4.1% | 990 |
| 2010 | — | $26,448,288 | $29,301,541 | $433,545,031 | 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: Eric Petracca — $891,086 (0.83% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Eric Petracca | President/ceo | 48 | $891,086 |
| Dan Medak | Cfo | 48 | $341,354 |
| Kari Stansberry | Svp Chief Admin. Officer | 48 | $327,528 |
| Jordan Lehrman | Svp Chief Technology Officer | 48 | $314,986 |
| Ali Migaki | Svp Chief Experience Officer | 48 | $295,116 |
| Gayle Gustafson | Svp Chief Lending Officer (thru 4/24) | 48 | $281,383 |
| Ryan Greenwood | Investment Services Financial Advisor | 48 | $258,115 |
| Jon Davis | Vp Investment Services | 45 | $242,832 |
| Jeremy Wiersma | Vp Business Services | 45 | $222,534 |
| Dianne Smith | Vp Mortgage Services | 45 | $219,721 |
| Russ Bernado | Svp Chief Lending & Credit Officer | 45 | $204,350 |
| Douglas E Lehrman | Chairman | 5 | $28,750 |
| Evelyn D Grendahl | Treasurer | 4 | $21,500 |
| Joseph Nutting | Vice Chairman | 4 | $21,500 |
| Sharon Eastman | Secretary | 4 | $21,500 |
| Brian Loos | Board Member | 2.5 | $17,500 |
| Don Kitterman | Board Member | 2.5 | $17,500 |
| Joan Durgin | Board Member | 2.5 | $17,500 |
| Steve Porter | Board Member | 2.5 | $17,500 |
| Ronald Alan Odermott | Board Member | 2.5 | $14,750 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Team Construction | Construction Services | $2,588,602 |
| Pscu Incorporated | Card Services | $2,254,218 |
| Alkami Technology Inc | Online Banking Services | $1,845,172 |
| Curinos Inc | Software Services | $829,463 |
| Cook Security Group | Security Services | $814,336 |
Grants made · $239K in FY2024
17 grants totaling $239K in FY2024 — showing the 15 largest. All grants made by Iq Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Kgw | General support | $71,678 |
| Vancouver School Dist No 37 Foundation | General support | $21,800 |
| Northwest Association For Blindathletes | General support | $20,000 |
| Childrens Miracle Network | General support | $15,000 |
| Mount St Helens Institute | General support | $12,000 |
| Lighthouse Financial Foundation | General support | $10,000 |
| Clark County Latino Youth Conference | General support | $10,000 |
| Columbia Play Project | General support | $10,000 |
| Why Racing Events Inc | General support | $10,000 |
| Gowest Foundation | General support | $9,850 |
| Building Industry Association of Clark County | General support | $9,250 |
| The Parks and Recreation Foundation of Vancouver and Clark County | General support | $8,500 |
| Diy Bar LLC | General support | $7,590 |
| North Clackamas County Chamber of Commerce | General support | $6,500 |
| Ridgefield Raptors | General support | $6,000 |
Frequently asked questions
- Is Iq Credit Union a legitimate nonprofit?
- Yes. Iq Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 91-0576399, based in Vancouver, Washington.
- What is Iq Credit Union's EIN?
- Iq Credit Union's Employer Identification Number (EIN) is 91-0576399.
- How much revenue does Iq Credit Union report?
- Iq Credit Union reported $128,694,198 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Iq Credit Union have?
- CharityIndex grades Iq Credit Union A, based on financial health (reserves and operating margin).
- How much does Iq Credit Union's highest-paid employee make?
- The highest reported compensation on Iq Credit Union's latest Form 990 is $891,086, paid to Eric Petracca (President/ceo).
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Data for Iq Credit Union (EIN 91-0576399) 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.