Northwest Credit Union Foundation

Organization Overview

Northwest Credit Union Foundation is located in Seatac, WA. The organization was established in 1997. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Credit Union Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Northwest Credit Union Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $903.1k during the year ending 12/2021. While expenses have increased by 7.2% 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.

Since 2014, Northwest Credit Union Foundation has awarded 83 individual grants totaling $1,927,366. 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

POWERED BY A NETWORK OF CREDIT UNIONS, WE ARE UNIQUELY POSITIONED TO HARNESS AND DELIVER RESOURCES THAT STRENGTHEN THE FINANCIAL LIVES OF PEOPLE AND COMMUNITIES THROUGHOUT THE REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE GRANTS DEVELOPMENT PROGRAM AND PUBLIC EDUCATION PROGRAM PROVIDED FUNDS TO CREDIT UNIONS AND THEIR STAFF FOR PROGRAMS AND EDUCATION FOCUSED ON IMPROVING THE FINANCIAL LIVES OF PEOPLE AND COMMUNITIES ACROSS THE REGION.


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Board, Officers & Key Employees

Name (title)Compensation
Troy Stang
President
$0
Jim Mccarthy
Director
$0
Gene Pelham
Chair
$0
Shelli Millhuff
Secretary/treasurer
$0
Kelly Schrader
Vice Chair
$0
Jackie Hoonjan
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$1,248,018
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,248,018
Total Program Service Revenue$0
Investment income $141,684
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 $1,389,702

Grants Awarded

Over the last fiscal year, Northwest Credit Union Foundation has awarded $280,553 in support to 6 organizations.

Grant RecipientAmount

URBAN LEAGUE OF PORTLAND

Org PageRecipient Profile

Portland, OR

PURPOSE: FINANCIAL EMPOWERMENT GRANT

$136,500

CONNECTIONS CREDIT UNION

Org PageRecipient Profile

pocatello, ID

PURPOSE: RURAL ACCESS PLANNING GRANT

$57,000

SPOKANE LOW INCOME HOUSING CON

Org PageRecipient Profile

Spokane, WA

PURPOSE: ECONOMIC EMPOWERMENT GRANT

$45,000

CONNECTIONS CREDIT UNION

Org PageRecipient Profile

pocatello, ID

PURPOSE: EMERGENCY LOAN/WORKER RELIEF PROGRAM

$21,753

OLD WEST FCU

PURPOSE: RURAL ACCESS PLANNING GRANT

$10,300

CENTRAL WILLAMETTE CU

Org PageRecipient Profile

Albany, OR

PURPOSE: RURAL ACCESS PLANNING GRANT

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Northwest Credit Union Foundation has recieved totaling $381,158.

Awarding OrganizationAmount
Oregon Community Foundation

Portland, OR

PURPOSE: Other

$150,000
Unitus Community Credit Union

Portland, OR

PURPOSE: GENERAL SUPPORT

$60,585
Potlatch No 1 Federal Credit Union

Lewiston, ID

PURPOSE: UNRESTRICTED

$51,075
Advantis Credit Union

Clackamas, OR

PURPOSE: 2021 MAXX EVENT LIVE AUCTION BID

$25,000
$25,000
Credit Unions In The State Of Washington

Tukwila, WA

PURPOSE: DONATION

$25,000
View Grant Recipient Profile

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