Credit Unions In The State Of Washington

Credit Unions In The State Of Washington Overview

Credit Unions In The State Of Washington is located in Tacoma, 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, Credit Unions In The State Of Washington employed 257 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Credit Unions In The State Of Washington 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, Credit Unions In The State Of Washington generated $70.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $60.5m during the year ending 12/2019. While expenses have increased by 7.1% 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, Credit Unions In The State Of Washington has awarded 38 individual grants totaling $554,889. 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

HARBORSTONE CREDIT UNION EXISTS TO BE AN ANCHOR OF TRUST.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING CONSUMER AND MORTGAGE LOANS FOR 36,059 MEMBERS TOTALING $865,463,656.


PROVIDING BUSINESS LOANS TO 351 MEMBERS TOTALING $254,245,420.


MAINTAINING DEPOSITS ON 83,874 MEMBERS AND BUSINESS ACCOUNTS TOTALING $1,321,360,154.


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

Name (title)Compensation
Phil Jones
President & CEO
$1,133,947
Laurie Leno
Sr VP CFO (resigned 2/19)
$375,706
Doug Richardson
VP Training/administration
$285,185
Steve Crosby
Sr VP COO
$236,617
Forest Hayes
Sr VP CFO
$226,024
Lisa Sturgis
Sr VP
$221,480

Credit Unions In The State Of Washington Vendors

Vendor Name (Service)Compensation
Nrc Corporation
Online Banking Provider
$2,274,014
Fiserv Cns
Atm/network Processor
$1,000,081
Fidelity Information Services Inc
Core Processor, Check Processing
$997,344
Cook Security Group
Atm Servicing
$281,727
Kings5com
Advertising
$272,001
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$61,125,577
Investment income $5,294,951
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $167,377
Net Gain/Loss on Asset Sales $3,622,509
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $70,863,648

Credit Unions In The State Of Washington Grants Awarded

Over the last fiscal year, Credit Unions In The State Of Washington has awarded $175,200 in support to 8 organizations.

Grant RecipientAmount

Tacoma, WA

PURPOSE: UNRESTRICTED

$40,000

JUNIOR ACHIEVEMENT OF WASHINGTON

Org PageRecipient Profile

Auburn, WA

PURPOSE: UNRESTRICTED

$25,000

BUSINESS IMPACT NW

Org PageRecipient Profile

Seattle, WA

PURPOSE: UNRESTRICTED

$25,000

Seattle, WA

PURPOSE: UNRESTRICTED

$25,000

PIKE PLACE MARKET FOUNDATION

Org PageRecipient Profile

Seattle, WA

PURPOSE: UNRESTRICTED

$21,700

PIERCE MILITARY & BUSINESS ALLIANCE

Org PageRecipient Profile

Tacoma, WA

PURPOSE: UNRESTRICTED

$15,000
View Grant Profile

Credit Unions In The State Of Washington Peer Organizations

Organization NameAssets
Credit Unions In The State Of Washington
Olympia, WA
$101,789,023
Oregon Community Credit Union
Eugene, OR
$102,367,460
Columbia Community Credit Union
Vancouver, WA
$91,608,374
Credit Unions In The State Of Washington
Tacoma, WA
$96,634,060
Whatcom Educational Credit Union
Bellingham, WA
$86,913,366
Royal Gnome Llc
Springfield, OR
$88,741,355
Kitsap Credit Union
Bremerton, WA
$74,132,215
Credit Unions In The State Of Washington
Tacoma, WA
$70,863,648
Unitus Community Credit Union
Portland, OR
$66,281,697
Credit Union 1
Anchorage, AK
$68,611,533
Advantis Credit Union
Clackamas, OR
$68,628,894
Northwest Community Credit Union
Eugene, OR
$67,519,452

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