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 Olympia, 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 825 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 $192.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $160.5m during the year ending 12/2019. While expenses have increased by 4.8% 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

TO PROVIDE SERVICES TO MEMBERS WHICH ARE MANDATED IN THE CREDIT UNION ACT TO CHARTERS AND TO PROVIDE A MEANS WHEREBY MEMBERS CAN PROVIDE EACH OTHER WITH NEEDED FINANCIAL SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SAVINGS AND CHECKING: WE KNOW DIFFERENT MEMBERS HAVE DIFFERENT NEEDS FROM THEIR CHECKING AND SAVINGS ACCOUNTS. THAT'S WHY WE OFFER VARIETY. WSECU CAN HELP MEMBERS MAKE MANAGING THEIR BUDGETS SIMPLER AS THEY WORK TOWARD THEIR FINANCIAL GOALS. WE OFFER DIFFERENT CHECKING OPTIONS TO OUR MEMBERS. MEMBERS CAN ACCESS THEIR ACCOUNTS ANY TIME OF THE DAY OR NIGHT WITH THEIR DEBIT OR ATM CARD. WSECU IS A PROUD PARTNER OF THE CO-OP NETWORK, OFFERING MEMBERS FREE ACCESS TO 25,000 ATMS ACROSS THE UNITED STATES.


LOANS: FROM THE CARS MEMBERS DRIVE TO THE UNTAPPED EQUITY IN THEIR HOMES, WSECU LOANS ARE DESIGNED TO GIVE MEMBERS THE UTMOST BUYING POWER AND PAYMENT FLEXIBILITY. BACKED WITH OUR OUTSTANDING SERVICE, THERE IS SIMPLY NO BETTER PLACE TO GO FOR MEMBERS' LENDING NEEDS.


CREDIT CARDS: WSECU PROVIDES A VARIETY OF CREDIT CARD OPTIONS TO MEET THE VARIED LIFESTYLES OF OUR MEMBERS. EACH OPTION INCLUDES THE VALUE OF A VARIABLE INTEREST RATE, NO ANNUAL FEE, PLUS THE COST-SAVINGS BENEFIT OF A 25-DAY GRACE PERIOD ON NEW PURCHASES - AND THE PURCHASING POWER OF THE MOST RECOGNIZED CREDIT CARD IN THE WORLD. EACH OF OUR CREDIT CARD OPTIONS PROVIDES UNIQUE FEATURES AND BENEFITS. FROM HIGHER SPENDING LIMITS TO REWARDS PROGRAMS TO FIRST-TIME CARDHOLDERS ESTABLISHING CREDIT, WSECU MEMBERS HAVE AN EXCITING RANGE OF CREDIT CARD OPTIONS FROM WHICH TO CHOOSE.


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

Credit Unions In The State Of Washington Vendors

Vendor Name (Service)Compensation
Aequilibrium Software Inc
Mobile Development
$2,009,700
Strom Media Inc
Marketing
$1,274,959
Shi International Corp
It Related
$1,148,888
Balfour Beatty Construction Dba Howard
Branch Construction
$1,780,352
Kaye Smith
Forms Printer & Mailer
$1,889,223
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$182,601,359
Investment income $8,857,614
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $653,255
Net Gain/Loss on Asset Sales $216,479
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $192,328,707

Credit Unions In The State Of Washington Grants Awarded

Over the last fiscal year, Credit Unions In The State Of Washington has awarded $19,900 in support to 2 organizations.

Grant RecipientAmount

SAINT MARTIN'S UNIVERSITY

Org PageRecipient Profile

Lacey, WA

PURPOSE: TO DONATE TO A CAUSE BELIEVED IN BY THE MEMBERS

$14,500

THE MEMORIAL FOUNDATION

Org PageRecipient Profile

Yakima, WA

PURPOSE: TO DONATE TO A CAUSE BELIEVED IN BY THE MEMBERS

$5,400
View Grant Profile

Credit Unions In The State Of Washington Peer Organizations

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