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← CREDIT UNIONS IN THE STATE OF WASHINGTON

Form 990 for tax year 2024

Filed by CREDIT UNIONS IN THE STATE OF WASHINGTON.

Totals

Total revenue
$3,232,442
Total expenses
$3,230,689
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,892,857
Investment income
$298,616
Other revenue
$40,969
Total assets, end of year
$52,363,300
Total liabilities, end of year
$48,009,159
Net assets or fund balances, end of year
$4,354,141
Program services expenses (Part IX)
$3,230,689
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$3,230,689

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: FEES AND CHARGES

    total $274,100 · related or exempt $274,100

  • 2b · Program service revenue: INTERCHANGE INCOME

    total $304,926 · related or exempt $304,926

  • 2c · Program service revenue: LOAN INTEREST

    total $2,313,831 · related or exempt $2,313,831

  • 3 · Investment income

    total $298,616 · related or exempt $298,616

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $14,917

  • 6c · Rental income or loss

    real property $14,917

  • 6d · Net rental income or loss

    total $14,917 · related or exempt $14,917

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: SHARED BRANCHING & OTHER

    total $26,052 · related or exempt $26,052

  • 11e · Other revenue, total

    $26,052

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $388,894 · program services $388,894

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $828,650 · program services $828,650

  • 8 · Pension plan contributions

    total $80,674 · program services $80,674

  • 9 · Other employee benefits

    total $95,163 · program services $95,163

  • 10 · Payroll taxes

    total $101,537 · program services $101,537

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $22,959 · program services $22,959

  • 13 · Office expenses

    total $154,259 · program services $154,259

  • 14 · Information technology

    total $223,341 · program services $223,341

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $132,167 · program services $132,167

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $29,123 · program services $29,123

  • 20 · Interest

    total $311,515 · program services $311,515

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $16,330 · program services $16,330

  • 23 · Insurance

    total $0

  • 24a · Other expenses: PROVISION FOR CREDIT LOSSES

    total $410,803 · program services $410,803

  • 24b · Other expenses: INTERCHANGE EXPENSE

    total $188,660 · program services $188,660

  • 24c · Other expenses: OTHER EXPENSES

    total $85,604 · program services $85,604

  • 24d · Other expenses: LOAN SERVICING

    total $57,370 · program services $57,370

  • 24e · All other expenses

    total $103,640 · program services $103,640

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $379,747 · end of year $259,838

  • 2 · Savings and temporary cash investments

    beginning of year $2,214,138 · end of year $4,456,544

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $25,891 · end of year $25,737

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $38,706,330 · end of year $40,178,723

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $244,689 · end of year $263,705

  • 10a · Land, buildings and equipment: cost or other basis

    $1,664,217

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,143,992

  • 10c · Land, buildings and equipment, net

    beginning of year $527,360 · end of year $520,225

  • 11 · Investments: publicly traded securities

    beginning of year $9,685,000 · end of year $5,982,000

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $45,369 · end of year $39,698

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $644,815 · end of year $636,830

  • 17 · Accounts payable and accrued expenses

    beginning of year $123,386 · end of year $251,670

  • 25 · Other liabilities

    beginning of year $47,997,565 · end of year $47,757,489

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,352,388 · end of year $4,354,141

Mission and programs · 2024

Mission

TO PROVIDE OUTSTANDING FINANCIAL SERVICES FOR ALL FAMILY MEMBERS.

Activities or mission (Part I)

THE CREDIT UNION GRANTED 1,576 LOANS TO MEMBERS IN 2024 AMOUNTING TO $13,369,138.

  • THE CREDIT UNION PROVIDED LOW COST FINANCIAL SERVICES TO 3,791 MEMBERS INCLUDING LOANS, SAVINGS ACCOUNTS, DEBIT CARDS,CREDIT CARDS AND OTHER SERVICES.

    Expenses $3,230,689 · Revenue $3,232,442

As filed on the 2024 return.

Listed in Part VII

  • Tammy Doles-Roberts

    President & CEO

    Total calculated
    $152,967
    From this org
    $134,351
    From related orgs
    $0
    Other
    $18,616
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,351
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,177
    Nontaxable benefits
    $10,439
    Filer's total
    $152,967

  • Jana Ayres

    CFO

    Total calculated
    $121,585
    From this org
    $105,634
    From related orgs
    $0
    Other
    $15,951
    Hours/week
    40

  • Paula Vaughn

    VP LENDING

    Total calculated
    $114,342
    From this org
    $106,781
    From related orgs
    $0
    Other
    $7,561
    Hours/week
    40

  • Larry Lufkin

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • Kathy Boos

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Jodi Petersen

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Steve Vessey

    Director

    Total calculated
    $0
    Hours/week
    1

  • Shirley Legg

    Director

    Total calculated
    $0
    Hours/week
    1

  • Shana Oliver

    Director

    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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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
22 July 2025
IRS schema version
2024v5.2
Source object
202502039349301650

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