Form 990 for tax year 2023
Filed by CREDIT UNIONS IN THE STATE OF WASHINGTON.
Totals
- Total revenue
- $4,807,931
- Total expenses
- $3,529,908
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $4,807,931
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $101,367,809
- Total liabilities, end of year
- $1,695,627
- Net assets or fund balances, end of year
- $99,672,182
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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: Interest on Loans
total $4,173,950 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Fee Income
total $158,873 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Other Operating Income
total $475,108 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $481,872 · program services $0
-
7 · Other salaries and wages
total $1,318,322 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $124,832 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $91,810 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $2,487 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $1,585 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $171,151 · program services $0 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $79,508 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $57,623 · program services $0 · management and general $0 · fundraising $0
-
14 · Information technology
total $244,594 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $36,364 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $135,080 · program services $0 · management and general $0 · fundraising $0
-
24e · All other expenses
total $784,680 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $792,334 · end of year $581,339
-
2 · Savings and temporary cash investments
beginning of year $49,711,133 · end of year $44,683,584
-
5 · Loans and receivables from officers and key people
beginning of year $998,824 · end of year $1,206,830
-
7 · Other notes and loans receivable
beginning of year $41,132,709 · end of year $43,825,524
-
9 · Prepaid expenses and deferred charges
beginning of year $281,911 · end of year $244,399
-
10a · Land, buildings and equipment: cost or other basis
$2,414,441
-
10b · Land, buildings and equipment: accumulated depreciation
$1,094,363
-
10c · Land, buildings and equipment, net
beginning of year $921,786 · end of year $1,320,078
-
13 · Investments: program-related
beginning of year $9,749,000 · end of year $7,538,000
-
15 · Other assets
beginning of year $783,729 · end of year $1,968,055
-
17 · Accounts payable and accrued expenses
beginning of year $347,063 · end of year $1,623,204
-
25 · Other liabilities
beginning of year $15,720 · end of year $72,423
-
31 · Retained earnings, endowment or other funds
beginning of year $104,008,643 · end of year $99,672,182
Mission and programs · 2023
Mission
Operate credit union for mutual purposes and without profit.
-
Operate credit union for mutual purposes and without profit.
As filed on the 2023 return.
Listed in Part VII
-
Lisa A Roening
President/Board Treasurer
- Total calculated
- $239,188
- From this org
- $229,828
- From related orgs
- $0
- Other
- $9,360
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,000
- Bonus
- $79,828
- Other
- $0
- Deferred
- $55,326
- Nontaxable benefits
- $18,536
- Filer's total
- $303,690
-
Lori Frederick
Vice-President
- Total calculated
- $210,011
- From this org
- $202,151
- From related orgs
- $0
- Other
- $7,860
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $125,000
- Bonus
- $77,151
- Other
- $0
- Deferred
- $48,290
- Nontaxable benefits
- $9,598
- Filer's total
- $260,039
-
Corina Ruiz
VP of Operations
- Total calculated
- $56,723
- From this org
- $56,243
- From related orgs
- $0
- Other
- $480
- Hours/week
- 40
-
Darryl Reetz
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Fred Oakley Jr
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca Montgomery
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Nancy Green
Supervisory
- Total calculated
- $0
- Hours/week
- 1
-
Alan Slind
Board Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Charles Lockhart
Supervisory Chair
- Total calculated
- $0
- Hours/week
- 1
-
Larry Brisbin
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Mike Reetz
Board Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Raedyn Tait
Supervisory
- 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
- 2023
- Filed
- 20 March 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403059349302965
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