Seattle Metropolitan Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Seattle Metropolitan Credit Union is a 501(c)(14) organization based in Seattle, Washington, registered in 1954, with $70,977,296 in FY2024 revenue. CharityIndex grades it A.
1910 1st Ave S, Seattle, WA, 98134 EIN 91-0176215 Since 1954
Revenue (FY2024)
$71.0M
▲ 22.9% vs prior year
Expenses (FY2024)
$70.1M
Net assets
$75.5M
Employees
249
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 Seattle Metropolitan 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 rating13 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 Seattle Metropolitan Credit Union: 13 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 Seattle Metropolitan Credit Union: 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 Seattle Metropolitan Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
A cooperative, organized for the purpose of promoting thrift and savings among its members.
What they do
As of december 31, 2024, smcu had 55,060 members. these members participated in 29,271 loan and 105,521 deposit products. smcu's loan offerings include a wide range of options from standard auto loans, mortgages and lines of credit, to more segmented products including motorcycles, classic cards, boats, recreational vehicles, and aircraft loans. smcu has also recently extended its loan products to include business loans to qualified members. all loan products come in a variety of terms to provide payment options that best suit the membership's needs.
Members have the same variety of selection on the deposit side of the product line with offerings ranging from basic checking and savings accounts to iras, certificates, money markets and high-yield accounts. smcu also offers business accounts and investment services that are designed to maintain the member's best interest. as an advocate for its membership, smcu places a high priority on educational resources. as a result, smcu has invested in online applications to help members make decisions related to planning, borrowing, budgeting and protecting their credit. life vision and mortgage advisor are two tools offered on personal finances and respectives from home and family finance on car buying, credit protection and budgeting. for those members who prefer to speak to someone in person, smcu provides free credit counseling through "balance," a financial fitness program that focuses on money management in addition to identity theft prevention and assistance.
Contact & location
- Address
- 1910 1st Ave S, Seattle, WA, 98134
- City
- Seattle
- State
- Washington
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $27.8M (FY2013) to $71.0M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.0BNet assets $75.5M
Operating margin
1.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$1.0B
Net assets
$75.5M
Salaries & benefits
$22.8M
33% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $70,977,296▲22.9% | $70,081,667▲22.2% | $75,523,451▲5.4% | $1,101,909,336▼1.1% | 990 |
| 2023 | $57,735,407▲19.3% | $57,344,108▲33.1% | $71,652,299▲1.2% | $1,114,328,070▲3.6% | 990 |
| 2022 | $48,414,512▲15.6% | $43,097,250▲1.8% | $70,798,954▼9.1% | $1,075,826,706▲1.5% | 990 |
| 2021 | $41,882,424▼2.9% | $42,352,157▲4.2% | $77,851,343▼3.0% | $1,060,154,632▲10.5% | 990 |
| 2020 | $43,119,344▼0.8% | $40,661,754▼1.3% | $80,259,008▲5.0% | $959,707,663▲15.4% | 990 |
| 2019 | $43,488,749▲5.1% | $41,177,440▲5.1% | $76,438,939▲5.8% | $831,539,595▼2.8% | 990 |
| 2018 | $41,364,422▲23.2% | $39,197,170▲23.9% | $72,238,208▲5.2% | $855,470,364▲14.2% | 990 |
| 2016 | $33,570,756▲9.1% | $31,627,107▲18.7% | $68,692,991▲1.9% | $748,953,281▲12.7% | 990 |
| 2015 | $30,782,893▼8.8% | $26,644,304▲11.0% | $67,436,695▲5.8% | $664,342,847▲7.7% | 990 |
| 2014 | $33,762,540▲21.3% | $23,997,947▲5.2% | $63,737,249▲22.9% | $616,992,910▲3.6% | 990 |
| 2013 | $27,827,351 | $22,806,324▼8.7% | $51,866,128▲4.8% | $595,299,352▲2.2% | 990 |
| 2012 | — | $24,990,444▼11.5% | $49,503,421▲8.1% | $582,453,641▲2.7% | 990 |
| 2011 | — | $28,238,435▼1.6% | $45,811,306▲3.1% | $567,023,666▲1.1% | 990 |
| 2010 | — | $28,707,158 | $44,448,374 | $560,956,750 | 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: Richard Romero — $828,016 (1.18% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Richard Romero | President/ceo/treasurer | 40 | $828,016 |
| David Means | Chief Information Officer | 40 | $380,862 |
| Terri Giannetti | Chief Experience Officer | 40 | $376,971 |
| Lee Pierce | Chief Lending Officer | 40 | $361,532 |
| Kelly Earnest | Chief People Officer | 40 | $346,768 |
| Sarah La-nguyen | Svp Talent Management | 40 | $287,805 |
| Natalie Crosby | Svp of Member Experience | 40 | $242,033 |
| Leif Hatlen | Svp of Member Business Lending | 40 | $241,945 |
| Jacqueline Martinez-vasquez | Chief Impact Officer | 40 | $217,896 |
| Khamsay Vongchantha | Svp of Risk Management | 40 | $204,282 |
| Cheridyn Flynn | Vp of Accounting | 40 | $195,961 |
| Claudia Dubrule | Vp of People Operations | 40 | $192,550 |
| Michael Cruz | Chief Financial Officer | 40 | $150,034 |
| Shahzad Qadri | Board Member | 4 | $14,000 |
| Robin Harmon | Chair | 4 | $12,000 |
| Joshua Canady | Secretary | 4 | $9,000 |
| Lazaro Carrion Estrada | Board Member | 4 | $9,000 |
| Mari Horita | Board Member | 4 | $9,000 |
| Nelson Reyneri | Vice Chair | 4 | $9,000 |
| Robin Shuler | Treasurer | 4 | $9,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Fiserv Inc | Core System Provider Services | $4,822,968 |
| Visa USA Inc | Credit Card Services | $779,957 |
| Interstate National | Financial Services | $586,803 |
| Stn Inc | Software Services | $581,677 |
| Synergy Administrators LLC | Business Consulting | $534,311 |
Grants made · $291K in FY2024
4 grants totaling $291K in FY2024. All grants made by Seattle Metropolitan Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Seattlecu Foundation | General support | $250,000 |
| Tacoma Community House | Pride sponsorship | $26,060 |
| Latino Educational Training Institute | Donations & sponsorship | $10,000 |
| Columbia Tower Club | Cinco de mayo sponsorship | $5,150 |
Frequently asked questions
- Is Seattle Metropolitan Credit Union a legitimate nonprofit?
- Yes. Seattle Metropolitan Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 91-0176215, based in Seattle, Washington.
- What is Seattle Metropolitan Credit Union's EIN?
- Seattle Metropolitan Credit Union's Employer Identification Number (EIN) is 91-0176215.
- How much revenue does Seattle Metropolitan Credit Union report?
- Seattle Metropolitan Credit Union reported $70,977,296 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Seattle Metropolitan Credit Union have?
- CharityIndex grades Seattle Metropolitan Credit Union A, based on financial health (reserves and operating margin).
- How much does Seattle Metropolitan Credit Union's highest-paid employee make?
- The highest reported compensation on Seattle Metropolitan Credit Union's latest Form 990 is $828,016, paid to Richard Romero (President/ceo/treasurer).
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Data for Seattle Metropolitan Credit Union (EIN 91-0176215) 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.