Form 990 for tax year 2024
Filed by CREDIT UNIONS IN THE STATE OF WASHINGTON.
Totals
- Total revenue
- $13,985,321
- Total expenses
- $12,138,180
- Contributions and grants received
- $0
- Grants paid
- $15,000
- Program service revenue
- $10,963,733
- Investment income
- $2,890,491
- Other revenue
- $131,097
- Total assets, end of year
- $301,456,253
- Total liabilities, end of year
- $268,221,367
- Net assets or fund balances, end of year
- $33,234,886
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: LOAN INTEREST INCOME
total $9,389,567 · related or exempt $9,389,567
-
2b · Program service revenue: FEE INCOME
total $1,574,166 · related or exempt $1,501,619 · unrelated business $72,547
-
3 · Investment income
total $2,891,099 · excluded $2,891,099
-
7b · Less cost or other basis and sales expenses
other assets $608
-
7c · Gain or loss
other assets -$608
-
7d · Net gain or loss
total -$608 · related or exempt -$608
-
11a · Other revenue: LIFE INSURANCE POLICY
total $131,097 · related or exempt $131,097
-
11e · Other revenue, total
$131,097
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $15,000
-
5 · Compensation of officers, directors and key employees
total $695,937
-
7 · Other salaries and wages
total $3,073,822
-
8 · Pension plan contributions
total $197,250
-
9 · Other employee benefits
total $274,797
-
10 · Payroll taxes
total $314,130
-
11a · Fees: management
total $493
-
11b · Fees: legal
total $275
-
11c · Fees: accounting
total $106,902
-
11g · Fees: other
total $240,580
-
12 · Advertising and promotion
total $248,438
-
13 · Office expenses
total $788,352
-
14 · Information technology
total $493,470
-
16 · Occupancy
total $553,995
-
17 · Travel
total $10,394
-
19 · Conferences, conventions and meetings
total $24,253
-
20 · Interest
total $2,646,524
-
22 · Depreciation, depletion and amortization
total $348,739
-
23 · Insurance
total $63,688
-
24a · Other expenses: PROVISION FOR LOAN LOSS
total $1,270,000
-
24b · Other expenses: LOAN SERVICING EXPENSES
total $688,917
-
24c · Other expenses: DUE & SUBSCRIPTIONS
total $44,778
-
24d · Other expenses: MISCELLANEOUS EXPENSES
total $34,945
-
24e · All other expenses
total $2,501
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,106,203 · end of year $1,845,184
-
2 · Savings and temporary cash investments
beginning of year $29,701,504 · end of year $36,974,406
-
4 · Accounts receivable
beginning of year $1,815,680 · end of year $1,581,147
-
7 · Other notes and loans receivable
beginning of year $185,274,758 · end of year $179,300,310
-
9 · Prepaid expenses and deferred charges
beginning of year $260,420 · end of year $314,556
-
10a · Land, buildings and equipment: cost or other basis
$10,285,477
-
10b · Land, buildings and equipment: accumulated depreciation
$4,507,015
-
10c · Land, buildings and equipment, net
beginning of year $5,426,623 · end of year $5,778,462
-
12 · Investments: other securities
beginning of year $65,787,509 · end of year $66,353,543
-
15 · Other assets
beginning of year $9,448,954 · end of year $9,308,645
-
17 · Accounts payable and accrued expenses
beginning of year $13,363,277 · end of year $8,127,337
-
25 · Other liabilities
beginning of year $255,333,010 · end of year $260,094,030
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $30,125,364 · end of year $33,234,886
Mission and programs · 2024
Mission
WE BRING HUMANITY TO FINANCIAL SERVICES.
-
SINCE 1939, NW PLUS CREDIT UNION HAS PROVIDED FINANCIAL SERVICES TO THEEMPLOYEES AND FAMILY MEMBERS OF FRONTIER COMMUNICATIONS FORMERLY KNOWNAS GTE AND VERIZON. SINCE THEN, WE HAVE EXPANDED OUR CHARTER TO INCLUDEANYONE WHO LIVES, WORKS OR WORSHIPS IN THE STATE OF WASHINGTON. NW PLUSCREDIT UNION'S EXISTENCE REFLECTS ITS MEMBERS' COMBINED INTERESTS TOBENEFIT THE GENERAL MEMBERSHIP IN THE LOCAL COMMUNITIES WE SERVE. WEPROVIDE A FULL SPECTRUM OF FINANCIAL PRODUCTS AND SERVICES AND RETURNTHE PROFIT TO OUR MEMBERS, WITH LOWER LOAN RATES AND HIGHER SAVINGSRATES, LOW FEES, AND INNOVATIVE PRODUCTS. THIS DIRECT FINANCIAL VALUEIS GIVEN BACK TO OUR MEMBERS, INSTEAD OF BEING PAID TO A LIMITED NUMBEROF STOCKHOLDERS, OFFICERS, OR OUT-OF-STATE OWNERS, AS MANY BANKS DO. ASOF DECEMBER 31, 2024, NW PLUS CREDIT UNION HAD 15,612 MEMBERS.
As filed on the 2024 return.
Listed in Part VII
-
Paul EricksonPAUL ERICKSON
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Gary HeilmanGARY HEILMAN
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
John CondermanJOHN CONDERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kimberly StoneKIMBERLY STONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Harlan MayerHARLAN MAYER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Angie BossarteANGIE BOSSARTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rod SniffenROD SNIFFEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brian WalkerBRIAN WALKER
CFO
- Total calculated
- $175,246
- From this org
- $162,635
- From related orgs
- $0
- Other
- $12,611
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $146,049
- Bonus
- $13,486
- Other
- $3,100
- Deferred
- $0
- Nontaxable benefits
- $12,611
- Filer's total
- $175,246
-
Debra DriscollDEBRA DRISCOLL
CLO
- Total calculated
- $147,764
- From this org
- $145,378
- From related orgs
- $0
- Other
- $2,386
- Hours/week
- 40
-
Torrie RamosTORRIE RAMOS
CEO/PRESIDENT
- Total calculated
- $387,924
- From this org
- $387,924
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $220,204
- Bonus
- $26,424
- Other
- $141,296
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $387,924
-
Dan MintonDAN MINTON
AVP IT & SECURITY
- Total calculated
- $117,394
- From this org
- $114,942
- From related orgs
- $0
- Other
- $2,452
- Hours/week
- 40
-
Lydia GuelLYDIA GUEL
FORMER MORTGAGE LOAN OFFICER
- Total calculated
- $112,443
- From this org
- $110,805
- From related orgs
- $0
- Other
- $1,638
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Tax indemnification and gross-up payments
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 1A
- TORRIE RAMOS, PRESIDENT AND CEO, RECEIVED A LIFE INSURANCE POLICY WHERE THE PREMIUM WAS PAID FOR BY THE CREDIT UNION. TORRIE'S WAGES WERE GROSSED-UP TO COVER FEDERAL INCOME TAXES.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202532879349302068
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