Our Community Credit Union
- Assets
- $583.3m
- Revenue
- $19.6m
- Investments
- $0.0
- Employees
- 121
- Location
- Shelton, WA
- Founding
- 07/1954
- Data as of
- 12/2021
- EIN
- 91-0567189
Organization Overview
Our Community Credit Union is located in Shelton, 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 12/2021, Our Community Credit Union employed 121 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Our Community 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 12/2021, Our Community Credit Union generated $19.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $17.3m during the year ending 12/2021. While expenses have increased by 4.6% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO SUSTAIN CONSISTENT GROWTH AND A STRONG FINANCIAL POSITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR COMMUNITY CREDIT UNION PROVIDES FINANCIAL SERVICES INCLUDING DEPOSITS AND CONSUMER LENDING TO RESIDENTS OF WASHINGTON STATE AT LOCATIONS IN THE SOUTH SOUND AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bert Fisher President/ceo | Officer | 60 | $1,028,768 |
Ryan Drake CFO | Officer | 50 | $131,241 |
Stephanie Steen Director Of Operations | Officer | 50 | $93,147 |
Ruth Zembas Consumer Lending Mgr | Officer | 50 | $76,820 |
Andrew Bertrand Cio | Officer | 50 | $71,894 |
Paul Wing Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Business Data Inc Statement Printing | 12/30/21 | $301,733 |
Pure It Credit Union Services Llc Software Maintenance & It Consulting | 12/30/21 | $135,491 |
Tyfone Inc Digital Banking Platform Provider | 12/30/21 | $185,185 |
Corelation Core Software Maintenance | 12/30/21 | $180,508 |
Hood Canal Communications Internet/phone | 12/30/21 | $159,044 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $451,000 |
| 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 | $451,000 |
| Total Program Service Revenue | $14,841,444 |
| Investment income | $3,594,839 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $145,892 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,630,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,401,870 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,533,490 |
| Pension plan accruals and contributions | $1,330,907 |
| Other employee benefits | $1,040,663 |
| Payroll taxes | $397,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,805 |
| Fees for services: Accounting | $174,912 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,565 |
| Fees for services: Other | $400,246 |
| Advertising and promotion | $411,537 |
| Office expenses | $789,181 |
| Information technology | $412,698 |
| Royalties | $0 |
| Occupancy | $678,007 |
| Travel | $49,316 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $78,417 |
| Interest | $591 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,226,791 |
| Insurance | $257,365 |
| All other expenses | $687,771 |
| Total functional expenses | $17,346,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,059,342 |
| Savings and temporary cash investments | $551,504 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $308,721 |
| Loans from Officers, Directors, or Controlling Persons | $3,835,827 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $192,224,042 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $904,379 |
| Net Land, buildings, and equipment | $9,771,946 |
| Investments—publicly traded securities | $256,153,066 |
| Investments—other securities | $0 |
| Investments—program-related | $4,659,036 |
| Intangible assets | $0 |
| Other assets | $6,783,711 |
| Total assets | $583,251,574 |
| Accounts payable and accrued expenses | $4,291,248 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $523,773,044 |
| Total liabilities | $528,064,292 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $55,187,282 |
| Total liabilities and net assets/fund balances | $583,251,574 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rivermark Community Credit Union Beaverton, OR | $1,282,908,447 | $59,063,025 |
Salal Credit Union Seattle, WA | $1,076,834,962 | $53,428,759 |
Credit Unions In The State Of Washington Seattle, WA | $1,324,555,734 | $53,981,403 |
Marion And Polk Schools Credit Union Salem, OR | $1,240,763,671 | $55,245,201 |
Seattle Metropolitan Credit Union Seattle, WA | $1,060,154,632 | $41,882,424 |
First Community Credit Union Coquille, OR | $1,761,836,849 | $50,673,220 |
Credit Unions In The State Of Washington Longview, WA | $1,189,148,852 | $43,664,942 |
Solarity Credit Union Yakima, WA | $813,771,159 | $38,686,646 |
Credit Unions In The State Of Washington Seattle, WA | $786,265,441 | $35,849,734 |
Credit Unions In The State Of Washington Spokane, WA | $613,886,782 | $30,633,137 |
Credit Unions In The State Of Washi Ngton Bothell, WA | $811,506,750 | $39,989,518 |
Credit Unions In The State Of Washington Lacey, WA | $467,137,296 | $26,640,017 |