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 Richland, WA. The organization was established in 1954. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2019, Credit Unions In The State Of Washington employed 532 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 $114.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $101.3m during the year ending 12/2019. While expenses have increased by 10.2% 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 2015, Credit Unions In The State Of Washington has awarded 82 individual grants totaling $3,370,751. 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

HAPO PROVIDES LOW COST SAVINGS VEHICLES WITH SUPERIOR INTEREST RETURN AND LOW INTEREST RATE LOANS TO ITS MEMBERS, WITHOUT CAPITAL STOCK, ORGANIZED AND OPERATED FOR MUTUAL PURPOSES AND WITHOUT PROFIT. NET EARNINGS ARE RETAINED IN ACCORDANCE WITH THE REGULATORY REQUIREMENTS OF THE NCUA AND STATE LAW.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HAPO PROVIDES LOW COST SAVINGS VEHICLES WITH SUPERIOR INTEREST RETURN AND LOW INTEREST RATE LOANS TO OVER 185,000 MEMBERS, WITHOUT CAPITAL STOCK, AND IS ORGANIZED AND OPERATED FOR MUTUAL PURPOSES, CONSISTENT WITH THE PHILOSOPHY OF THE CREDIT UNION MOVEMENT AND THE REGULATORY REQUIREMENTS OF THE NCUA AND STATE LAW. THE NET INCREASE IN RETAINED EARNINGS FROM PROGRAM SERVICES PROVIDES FOR THE SAFETY AND SOUNDNESS OF THE CREDIT UNION IN ACCORDANCE WITH THE REGULATORY REQUIREMENTS OF THE NCUA AND STATE LAW.


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

Name (title)Compensation
Steven Anderson
President/ceo
$1,747,528
Carolyn O'niel
Sr Vp/cdo
$1,192,880
John Schnellbach
Former Chief Financial Officer
$756,261
Scott Mitchell
Sr Vp/cfo
$458,536
Dolores Broeske
Sr Vp/cos
$436,804
Ruby Campos
Sr Vp/coo
$434,699

Credit Unions In The State Of Washington Vendors

Vendor Name (Service)Compensation
Ncr Corporation
Software And Support Services
$1,448,615
Shi International Corp
Software
$752,026
Dick Hannah Chrysler
Dealer Reserves
$744,940
Future Link
Electrical Contractor
$714,365
Corwin Ford Tri-cities
Dealer Reserves
$612,035
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$108,671,054
Investment income $1,929,373
Tax Exempt Bond Proceeds $0
Royalties $122,849
Net Rental Income $117,457
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 $989
Miscellaneous Revenue$0
Total Revenue $114,009,744

Credit Unions In The State Of Washington Grants Awarded

Over the last fiscal year, Credit Unions In The State Of Washington has awarded $618,898 in support to 17 organizations.

Grant RecipientAmount

TRI CITY WATER FOLLIES ASSOCIATION

PURPOSE: BOAT RACE EVENT SPONSOR

$300,000

TRI-CITIES CANCER CENTER FOUNDATION

Org PageRecipient Profile

Kennewick, WA

PURPOSE: ANNUAL FOUNDATION PLEDGE

$81,910

CREDIT UNION NATIONAL ASSOCIATION

Org PageRecipient Profile

Washington, DC

PURPOSE: CREDIT UNION AWARENESS CAMPAIGN

$33,333

CITY OF RICHLAND

PURPOSE: JOHN DAM PLAZA PARK STAGE

$30,000

NORTHWEST CREDIT UNION FOUNDATION

Org PageRecipient Profile

Seatac, WA

PURPOSE: MAXX CONVENTION FOR KIDS DONATION

$28,550

SMG TRI-CITIES

PURPOSE: LIVE @ 5 CONCERT SERIES SPONSOR

$28,500
View Grant Profile

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