Credit Unions In The State Of Washington

Organization 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 12/2021, Credit Unions In The State Of Washington employed 7 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 12/2021, Credit Unions In The State Of Washington generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 5.1% 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

CREDIT UNION COOPERATIVE PROMOTING THRIFT AND OFFERING FINANCIAL SERVICES TO MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MUTUAL, MEMBERSHIP BENEFIT PROGRAMS, GENERAL/OTHER. PROVIDE 3,214 MEMBERS THE OPPORTUNITY FOR SAVINGS, DEPOSITS, LOANS AND OTHER FINANCIAL SERVICES. GRANTED 374 LOANS TOTALING $14,937,587.


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Board, Officers & Key Employees

Name (title)Compensation
Mark Merriman
CEO
$178,111
Marland Guinn Jr
President
$0
Aaron Skiffington
Secretary
$0
Robert Deyoung Jr
Vice President
$0
Lance Anderson
Director
$0
Theresa Sammalisto
Director
$0

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$1,028,807
Investment income $1,557,155
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 $2,894,550

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