Unitus Community Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Unitus Community Credit Union is a 501(c)(14) organization based in Portland, Oregon, registered in 1944, with $90,851,548 in FY2024 revenue. CharityIndex grades it A.
Po Box 1937, Portland, OR, 97207 EIN 93-0243503 Since 1944
Revenue (FY2024)
$90.9M
▲ 13.0% vs prior year
Expenses (FY2024)
$89.0M
Net assets
$165.0M
Employees
351
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 Unitus Community 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 rating22 mo reserves · +2% 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 Unitus Community Credit Union: 22 mo reserves · +2% 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 Unitus Community 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 Unitus Community Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
As a credit union dedicated to community development, unitus is committed to promoting community development by breaking down barriers to accessibility for every community and household, irrespective of their socioeconomic status. part of this commitment includes purposefully providing education and inclusive access to affordable credit and services to low-income consumers and people living in local low-income investment areas. we direct our services to improving financial wellbeing for families and promoting community development in our local low-income communities. our approach is centered around inclusivity, ensuring that we provide support throughout their life's defining moments. this holistic approach inspires hope and confidence, positioning unitus as a trusted partner within our community. our commitment to this effort aims to close equity gaps and foster financial well-being for all.
What they do
Participated in the young leaders of the americas initiative (ylai) professional fellows program andhosted leading young argentine entrepreneur to a 4-week intensive collaboration to improve financialeducation and opportunity for argentine citizens.
Contact & location
Financial trends
Revenue grew from $46.4M (FY2013) to $90.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.6BNet assets $165.0M
Operating margin
2.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.7B
Total liabilities
$1.6B
Net assets
$165.0M
Salaries & benefits
$35.4M
40% of expenses
Board members
6
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $90,851,548▲13.0% | $89,045,333▲13.8% | $164,972,020▲3.7% | $1,724,397,987▲0.1% | 990 |
| 2023 | $80,410,170▲13.5% | $78,273,353▲24.9% | $159,066,404▲5.5% | $1,723,073,803▼0.2% | 990 |
| 2022 | $70,835,899▲9.2% | $62,658,353▲20.2% | $150,712,741▼4.4% | $1,727,213,456 | 990 |
| 2021 | $64,866,163▼4.2% | $52,111,287▼15.4% | $157,685,920▲6.1% | $1,726,756,998▲9.6% | 990 |
| 2020 | $67,693,518▲2.1% | $61,610,794▲3.9% | $148,665,289▲5.7% | $1,575,458,613▲17.6% | 990 |
| 2019 | $66,281,697▲14.5% | $59,270,217▲21.9% | $140,606,211▲9.6% | $1,340,088,701▲13.6% | 990 |
| 2018 | $57,885,299▲10.9% | $48,618,524▲16.3% | $128,305,262▲6.7% | $1,180,174,600▲5.6% | 990 |
| 2017 | $52,172,923▲4.9% | $41,797,508▲7.0% | $120,289,343▲8.4% | $1,118,025,963▲6.7% | 990 |
| 2016 | $49,739,529▲5.1% | $39,053,793▲2.1% | $110,962,273▲9.2% | $1,047,924,794▲7.0% | 990 |
| 2015 | $47,310,115▲5.8% | $38,245,240▼1.9% | $101,611,822▲9.5% | $979,346,809▲5.5% | 990 |
| 2014 | $44,707,165▼3.6% | $38,994,705▼10.7% | $92,833,683▲13.3% | $928,348,117▼0.5% | 990 |
| 2013 | $46,361,247 | $43,674,099▼1.2% | $81,913,771▼4.4% | $933,220,786▲2.2% | 990 |
| 2012 | — | $44,215,413▲2.8% | $85,717,844▲22.9% | $913,523,378▲7.2% | 990 |
| 2011 | — | $43,008,142▼8.6% | $69,757,646▼2.0% | $852,453,745▲1.8% | 990 |
| 2010 | — | $47,054,965 | $71,201,330 | $837,520,073 | 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: Steven Stapp — $645,734 (0.73% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Steven Stapp | President - Chief Executive Officer | 40 | $645,734 |
| Michael Namba | Svp - Chief Financial Officer | 40 | $358,717 |
| David Fehrer | Evp - Chief Strategy & Innov Officer | 40 | $358,278 |
| Brian Devereux | Svp - Chief Lending Officer | 40 | $306,833 |
| Jessica Brown | Vp - Chief Human Resources Officer | 40 | $229,970 |
| James Alexander | Svp - Chief Risk Officer | 40 | $224,927 |
| Kevin Smith | Vp - Information Technology | 40 | $199,675 |
| Richard High | Avp - Credit Administration | 40 | $193,747 |
| Wayne Matsumura | Vp - Business Lending | 40 | $191,213 |
| Megan Snyder | Vp - Strategic Partnerships & Pm | 40 | $184,096 |
| Kenneth Riedel | Vp - Operations | 40 | $181,282 |
| Michael Hansen | Vp - Member Services | 40 | $171,778 |
| John Bachman | Mgr - Information Technology | 40 | $170,338 |
| Charlotte Sears | Vp - Mx & Product Management | 40 | $166,789 |
| Ronda Wagner | Avp - Consumer Lending | 40 | $164,128 |
| Lawrence Cavasso | Avp - Controller | 40 | $155,572 |
| Lori Fink | Avp - Marketing & Brand Development | 40 | $154,793 |
| Kathrine Popovich | Director - Project Management | 40 | $152,739 |
| Amy Olson | Avp - Residential Mortgage Lending | 40 | $152,189 |
| Rose Halford | Avp - Training & Strategic Impl | 40 | $148,955 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Momentum Inc | Construction Company | $12,333,651 |
| Alkami Technology Inc | Cloud-based Digital Banking Solutions | $1,771,172 |
| Cook Security Group | Security and Atm Servicing | $1,232,230 |
| Gumas Advertising LLC | Advertising and Brand Marketing | $1,225,704 |
| Member Access Pacific | Card Services Management | $1,225,513 |
Grants made · $605K in FY2024
21 grants totaling $605K in FY2024 — showing the 15 largest. All grants made by Unitus Community Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Portland Rose Festival Foundation | General support | $85,000 |
| Osu Dream Come True | General support | $84,942 |
| Gowest Foundation | Urban league initiative and cu4kids auction support | $47,750 |
| Worldwide Foundation For Credit Unions Inc | Bridge the gap program bridges gaps impacting credit unions' ability to grow and advance financial inclusion worldwide and turkey earthquake relief | $35,015 |
| World Affairs Council of Oregon Inc | Young leaders in action program that educates portland metro students in leadership skills | $30,000 |
| Scholarship America Inc | General support | $27,000 |
| Western Oregon University | To support educational advancement scholarships and programs | $25,000 |
| Marion-polk Food Share Inc | To fight hunger by providing food resources across the region | $25,000 |
| Wetlands Conservancy Inc | To protect, restore, and enhance oregon's wetlands and natural habitats | $25,000 |
| Oregon Human Development Corporation | To deliver human services tor low-income and migrants individuals and families | $25,000 |
| Bienestar Inc | To promote afforadable housing, homeownership opportunities, and economic stability for families in the community | $25,000 |
| The Immigrant and Refugee Community Organization | To strengthen families, empower youth, and assit immigrant and refugee communities | $25,000 |
| Business Impact Nw | To promote local economic growth and small business development within the community | $25,000 |
| Junior Achievement of Oregon and Sw Washington Inc | Ja biztown program to support 5th grade economics principles | $25,000 |
| Latino Network | To strengthen latino families, empower youth through education and assist immigrant communities with community service and engagement | $25,000 |
Frequently asked questions
- Is Unitus Community Credit Union a legitimate nonprofit?
- Yes. Unitus Community Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 93-0243503, based in Portland, Oregon.
- What is Unitus Community Credit Union's EIN?
- Unitus Community Credit Union's Employer Identification Number (EIN) is 93-0243503.
- How much revenue does Unitus Community Credit Union report?
- Unitus Community Credit Union reported $90,851,548 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Unitus Community Credit Union have?
- CharityIndex grades Unitus Community Credit Union A, based on financial health (reserves and operating margin).
- How much does Unitus Community Credit Union's highest-paid employee make?
- The highest reported compensation on Unitus Community Credit Union's latest Form 990 is $645,734, paid to Steven Stapp (President - Chief Executive Officer).
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Data for Unitus Community Credit Union (EIN 93-0243503) 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.