Credit Unions In The State Of Washington

Credit Unions In The State Of Washington Overview

Credit Unions In The State Of Washington, operating under the name Boeing Employees' Credit Union Becu, is located in Tukwila, WA. The organization was established in 1972. According to its NTEE classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2019, Boeing Employees' Credit Union Becu employed 2,712 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Boeing Employees' Credit Union Becu is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2019, Boeing Employees' Credit Union Becu generated $1.0b in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $739.5m during the year ending 12/2019. While expenses have increased by 15.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Boeing Employees' Credit Union Becu has awarded 398 individual grants totaling $17,551,642. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

AS A COOPERATIVE, WE BRING PEOPLE TOGETHER TO IMPROVE THE FINANCIAL WELL-BEING OF OUR MEMBERS AND THEIR COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TOTAL 1,237,456 MEMBERS; 132,988 NEW MEMBERS FOR 2019; 164,558 LOANS ORIGINATED TOTALING $9,313,043,000.


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Credit Unions In The State Of Washington Board, Officers & Key Employees

Vendor Name (Service)Compensation
Pscu Financial Services
Online Banking
$15,732,373
Fiserv Cns
Financial Services
$13,089,661
Mastercard International
Financial Services
$12,202,226
Dna Brand Mechanics
Branding & Advertising
$10,382,634
Microsoft Corporation Inc
Software & Cloud Services
$8,995,420
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$809,197,752
Investment income $174,594,743
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,810,232
Net Gain/Loss on Asset Sales $29,052,015
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,014,880,283

Credit Unions In The State Of Washington Grants Awarded

Over the last fiscal year, Credit Unions In The State Of Washington has awarded $5,177,411 in support to 95 organizations.

Grant RecipientAmount

EXPRESS CREDIT UNION

Org PageRecipient Profile

Seattle, WA

PURPOSE: DONATION

$579,869

AMERICAN ONLINE GIVING FOUNDATION INC

Org PageRecipient Profile

Newark, DE

PURPOSE: EMPLOYEE MATCHING DONATIONS

$440,000

Tukwila, WA

PURPOSE: PROVIDE ADMINISTRATIVE OPERATIONS FOR THE BECU FOUNDATION

$359,504

Pullman, WA

PURPOSE: DONATION

$333,000

UNIVERSITY OF WASHINGTON ALUMNI ASSOC

Org PageRecipient Profile

Seattle, WA

PURPOSE: DONATION

$285,000

JUNIOR ACHIEVEMENT OF WASHINGTON

Org PageRecipient Profile

Auburn, WA

PURPOSE: DONATION

$215,000
View Grant Profile

Credit Unions In The State Of Washington Grants Recieved

Over the last fiscal year, we have identified 1 grants that Credit Unions In The State Of Washington has recieved totaling $18,000.

Awarding OrganizationAmount
National Credit Union Foundation Inc

Madison, WI

PURPOSE: FINANCIAL HEALTH SEGMENTATION GRANTS

$18,000
View Grant Recipient Profile

Credit Unions In The State Of Washington Peer Organizations

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