Credit Unions In The State Of Washington

Organization Overview

Credit Unions In The State Of Washington, operating under the name Expresss Credit Union, is located in Seattle, 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, Expresss Credit Union employed 14 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Expresss 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, Expresss Credit Union generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 8.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE AFFORDABLE CREDIT UNION FINANCIAL SERVICES TO LOW AND MODERATE INCOME PEOPLE IN WASHINGTON STATE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATIONAL SERVICES FOR CREDIT UNION MEMBERS


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $583,000
All other contributions, gifts, grants, and similar amounts not included above$579,229
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,162,229
Total Program Service Revenue$846,266
Investment income $10,129
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,422,565

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Credit Unions In The State Of Washington has recieved totaling $600,229.

Awarding OrganizationAmount
Credit Unions In The State Of Washington

Tukwila, WA

PURPOSE: Donation

$600,229
View Grant Recipient Profile

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