Spokane Teachers Credit Union

Spokane Teachers Credit Union Overview

Spokane Teachers Credit Union is located in Liberty Lake, WA. The organization was established in 1954. 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, Spokane Teachers Credit Union employed 821 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Spokane Teachers Credit Union 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, Spokane Teachers Credit Union generated $160.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $128.2m during the year ending 12/2019. While expenses have increased by 10.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

STCU IS COMMITTED TO MAXIMIZING THE VALUE OF EVERY FINANCIAL RELATIONSHIP THROUGH COST-EFFECTIVE FINANCIAL SERVICES CONSISTENT WITH COOPERATIVE PRINCIPLES, APPLICABLE LEGISLATION, AND PRUDENT MANAGEMENT. STCU SERVES 200,692 MEMBERS AS OF 12/31/19.

Describe the Organization's Program Activity:

Part 3 - Line 4a

STCU HAS OUTSTANDING LOANS OF $2,881,051,004 AT DECEMBER 31, 2019, REPRESENTING 129,603 INDIVIDUAL LOANS. STCU OFFERS CREDIT CARDS; AUTO, RV, AND BOAT LOANS; 1ST MORTGAGE REAL ESTATE LOANS, OTHER REAL ESTATE LOANS AND LINES OF CREDIT; AND COMMERCIAL LOANS. REVENUES FROM LOAN ACTIVITIES INCLUDE INTEREST INCOME EARNED, AS WELL AS LOAN ORIGINATION AND SERVICING FEES.


STCU PROVIDES SHARE AND DEPOSIT PRODUCTS, INCLUDING CHECKING, SAVINGS, MONEY MARKET, CERTIFICATES, AND IRA/KEOGH ACCOUNTS. AT DECEMBER 31, 2019, STCU HAD TOTAL SHARE AND DEPOSIT BALANCES OF $2,640,413,295 REPRESENTING 320,077 INDIVIDUAL ACCOUNTS. STCU PAID MEMBERS DIVIDENDS ON THEIR SHARE AND DEPOSIT ACCOUNTS $21,661,427 IN 2019. STCU EARNS VARIOUS FEES ON TRANSACTIONS, BALANCES OR OTHER FINANCIAL PRODUCTS AS OUTLINED IN THE MEMBERSHIP AGREEMENT OR PUBLISHED FEE SCHEDULES.


Do You Work With Nonprofits?Intellispect helps service providers identify nonprofit prospects and make contact with decision makers.

Spokane Teachers Credit Union Board, Officers & Key Employees

Name (title)Compensation
Ezra Eckhardt
President And CEO
$750,171
Lindsey Myhre
CFO
$453,300
David Flood
Clo
$382,487
Evelyn Hopkins
Cao
$326,541
Patricia Kelly
Vice President
$250,539
Brandon Reed
Home Loan Officer
$248,197

Spokane Teachers Credit Union Vendors

Vendor Name (Service)Compensation
Smart Source Critial Communications Llc
Printing And Mailing
$1,746,797
Paine Hamblen Llp
Legal And Collection Services
$185,241
Dee's Landscaping & Lawn Service Llc
Landscaping Services
$122,151
Michael A Smith
Real Estate Appraisal
$106,400
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$84,893
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$84,893
Total Program Service Revenue$153,157,827
Investment income $6,302,819
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$49,290
Net Gain/Loss on Asset Sales $844,126
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $160,340,375

Spokane Teachers Credit Union Peer Organizations

Create a Free Account

Create an account to unlock the data you need.

or
I