Totals
- Total revenue
- $3,206,617
- Total expenses
- $2,583,306
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $3,206,617
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $53,992,498
- Total liabilities, end of year
- $107,023
- Net assets or fund balances, end of year
- $53,885,475
- Program services expenses (Part IX)
- $2,583,306
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,583,306
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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 FROM MEMBERS
total $2,626,898 · related or exempt $2,626,898 · unrelated business $0 · excluded $0
-
2b · Program service revenue: ACCOUNT FEES
total $119,080 · related or exempt $119,080 · unrelated business $0 · excluded $0
-
2c · Program service revenue: MISC PROGRAM SERVICES REVENUE
total $83,708 · related or exempt $83,708 · unrelated business $0 · excluded $0
-
2d · Program service revenue: DIV & INTEREST FROM CD'S
total $376,931 · related or exempt $376,931 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $402,483 · program services $402,483
-
5 · Compensation of officers, directors and key employees
total $199,657 · program services $199,657
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $676,689 · program services $676,689 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $28,262 · program services $28,262 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $131,715 · program services $131,715 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $62,961 · program services $62,961 · management and general $0 · fundraising $0
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $5,988 · program services $5,988 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $37,439 · program services $37,439 · management and general $0 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $469 · program services $469 · management and general $0 · fundraising $0
-
11g · Fees: other
total $23,457 · program services $23,457 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $11,608 · program services $11,608 · management and general $0 · fundraising $0
-
13 · Office expenses
total $130,484 · program services $130,484 · management and general $0 · fundraising $0
-
14 · Information technology
total $129,431 · program services $129,431 · management and general $0 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $79,619 · program services $79,619 · management and general $0 · fundraising $0
-
17 · Travel
total $0 · program services $0 · management and general $0 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $24,313 · program services $24,313 · management and general $0 · fundraising $0
-
20 · Interest
total $127 · program services $127 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $52,287 · program services $52,287 · management and general $0 · fundraising $0
-
23 · Insurance
total $21,988 · program services $21,988 · management and general $0 · fundraising $0
-
24a · Other expenses: LOAN SERVICING AND LOAN PROVISION
total $474,236 · program services $474,236 · management and general $0 · fundraising $0
-
24b · Other expenses: DEBIT/CREDIT CARD EXPENSES
total $66,091 · program services $66,091 · management and general $0 · fundraising $0
-
24e · All other expenses
total $24,002 · program services $24,002
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,280,035 · end of year $9,023,888
-
2 · Savings and temporary cash investments
beginning of year $40,587 · end of year $35,514
-
4 · Accounts receivable
beginning of year $1,042,688 · end of year $1,226,845
-
5 · Loans and receivables from officers and key people
beginning of year $242,308 · end of year $200,866
-
6 · Loans and receivables from disqualified persons
beginning of year $40,551,776 · end of year $37,870,941
-
9 · Prepaid expenses and deferred charges
beginning of year $405,195 · end of year $405,274
-
10a · Land, buildings and equipment: cost or other basis
$2,304,261
-
10b · Land, buildings and equipment: accumulated depreciation
$912,669
-
10c · Land, buildings and equipment, net
beginning of year $883,965 · end of year $1,391,592
-
12 · Investments: other securities
beginning of year $3,341,035 · end of year $3,443,171
-
15 · Other assets
beginning of year $362,136 · end of year $394,407
-
17 · Accounts payable and accrued expenses
beginning of year $199,778 · end of year $107,023
-
29 · Capital stock, trust principal or current funds
beginning of year $44,704,194 · end of year $46,914,278
-
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 $6,245,753 · end of year $6,971,197
Mission and programs · 2024
Mission
Provide financial services to members in accordance with the Washington State Credit Union Act.
-
Provide financial services to members in accordance with the Washington State Credit Union Act.
Expenses $2,583,306
As filed on the 2024 return.
Listed in Part VII
-
James Drake
President/CEO
- Total calculated
- $199,657
- From this org
- $199,657
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $174,535
- Bonus
- $23,518
- Other
- $1,604
- Deferred
- $0
- Nontaxable benefits
- $30,115
- Filer's total
- $229,772
-
JoAnn Wiggins
Board Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Susan Brookins
Board Chair
- Total calculated
- $0
- Hours/week
- 2
-
Ruben Murcia
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Brian Gomez
Board Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Darral Payne
Board Member
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Compensation committee
- 3 · Compensation survey or study
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)
- Schedule J, Part I, Line 3
- Compensation survey annually. Board Chair/Vice Chair review and Board Chair signs pay authorization.
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
- 6 May 2025
- IRS schema version
- 2024v5.0
- Source object
- 202521269349303052
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.