Northwest Community Credit Union
- Assets
- $1.8b
- Revenue
- $68.4m
- Investments
- $289.2m
- Employees
- 380
- Location
- Eugene, OR
- Founding
- 10/1944
- Data as of
- 12/2021
- EIN
- 93-0389726
Organization Overview
Northwest Community Credit Union is located in Eugene, OR. The organization was established in 1944. 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, Northwest Community Credit Union employed 380 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Northwest Community Credit Union 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, Northwest Community Credit Union generated $68.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $50.3m during the year ending 12/2021. While expenses have increased by 0.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOCUS ON THE MEMBER, ADD VALUE AND BUILD PARTNERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOCUS ON MEMBER, ADD VALUE AND BUILD PARTNERSHIP.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Iglesias President & CEO | Officer | 50 | $883,074 |
Melissa Vigil COO | Officer | 50 | $314,290 |
Jan Griffin Cxo | Officer | 50 | $231,316 |
Cheryl Crow Cco | Officer | 50 | $220,801 |
Kate Lange Senior Investment Services Advisor | 40 | $216,200 | |
Tony Hernandez Senior Mortgage Loan Specialist | 40 | $202,745 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Q2 Software Inc Financial Technology | 12/30/21 | $1,114,497 |
Truhome Solutions Financial Technology | 12/30/21 | $2,283,912 |
Mckenzie Commercial Contractor | 12/30/21 | $1,177,163 |
Compunet Inc Financial Technology | 12/30/21 | $1,527,761 |
Fiserv Financial Technology | 12/30/21 | $5,014,607 |
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 | $61,458,426 |
| Investment income | $6,930,112 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,802 |
| 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 | $68,364,735 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,720,502 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,276,259 |
| Pension plan accruals and contributions | $737,199 |
| Other employee benefits | $2,904,317 |
| Payroll taxes | $1,793,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,694,007 |
| Fees for services: Accounting | $231,969 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $274,403 |
| Advertising and promotion | $1,130,371 |
| Office expenses | $3,686,301 |
| Information technology | $4,183,927 |
| Royalties | $0 |
| Occupancy | $1,939,726 |
| Travel | $235,445 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $132,526 |
| Interest | $5,290,105 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,119,897 |
| Insurance | $182,066 |
| All other expenses | -$486,825 |
| Total functional expenses | $50,305,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,631,382 |
| Savings and temporary cash investments | $227,898,959 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $1,328,778 |
| Notes and loans receivable | $1,161,674,717 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,636,414 |
| Net Land, buildings, and equipment | $38,711,548 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $289,233,347 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,810,113 |
| Total assets | $1,782,925,258 |
| Accounts payable and accrued expenses | $17,082,345 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,082,345 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,603,448,440 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $162,394,473 |
| Total liabilities and net assets/fund balances | $1,782,925,258 |
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| Organization Name | Assets | Revenue |
|---|---|---|
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