Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST ON LOANS

  total $179,361,215 · related or exempt $179,361,215

• 2b · Program service revenue: FEE INCOME

  total $50,294,021 · related or exempt $49,902,735 · unrelated business $391,286

• 2c · Program service revenue: GAIN ON SALE OF LOANS

  total $719,326 · related or exempt $719,326

• 3 · Investment income

  total $24,861,086 · excluded $24,861,086

• 7a · Gross sales of assets other than inventory

  other assets $84,356

• 7b · Less cost or other basis and sales expenses

  other assets $81,020

• 7c · Gain or loss

  other assets $3,336

• 7d · Net gain or loss

  total $3,336 · excluded $3,336

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $861,189

• 5 · Compensation of officers, directors and key employees

  total $8,151,310

• 7 · Other salaries and wages

  total $56,213,944

• 8 · Pension plan contributions

  total $5,984,745

• 9 · Other employee benefits

  total $6,194,794

• 10 · Payroll taxes

  total $5,332,081

• 11a · Fees: management

  total $110,490

• 11b · Fees: legal

  total $98,356

• 11c · Fees: accounting

  total $383,776

• 11g · Fees: other

  total $906,708

• 12 · Advertising and promotion

  total $4,805,577

• 13 · Office expenses

  total $7,474,112

• 14 · Information technology

  total $8,555,087

• 16 · Occupancy

  total $4,004,046

• 17 · Travel

  total $739,072

• 19 · Conferences, conventions and meetings

  total $272,389

• 20 · Interest

  total $87,259,041

• 22 · Depreciation, depletion and amortization

  total $5,483,499

• 23 · Insurance

  total $801,654

• 24a · Other expenses: PROVISION FOR LOAN LOSS

  total $6,849,257

• 24b · Other expenses: ATM/VISA CARD EXPENSES

  total $5,945,506

• 24c · Other expenses: LOAN SERVICING EXPENSE

  total $5,563,970

• 24d · Other expenses: ASSOCIATION DUES

  total $444,831

• 24e · All other expenses

  total $276,812

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $48,559,387 · end of year $53,062,810

• 2 · Savings and temporary cash investments

  beginning of year $282,917,770 · end of year $359,977,511

• 5 · Loans and receivables from officers and key people

  beginning of year $52,267,853 · end of year $59,977,110

• 7 · Other notes and loans receivable

  beginning of year $3,084,210,110 · end of year $3,082,265,691

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,901,941 · end of year $5,305,098

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

  $122,306,786

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

  $44,039,023

• 10c · Land, buildings and equipment, net

  beginning of year $78,774,544 · end of year $78,267,763

• 11 · Investments: publicly traded securities

  beginning of year $253,158,679 · end of year $227,700,937

• 12 · Investments: other securities

  beginning of year $37,233,786 · end of year $37,499,542

• 14 · Intangible assets

  beginning of year $108,080 · end of year $82,588

• 15 · Other assets

  beginning of year $87,631,010 · end of year $96,780,911

• 17 · Accounts payable and accrued expenses

  beginning of year $54,177,946 · end of year $41,581,247

• 19 · Deferred revenue

  beginning of year $2,488,588 · end of year $1,816,011

• 21 · Escrow or custodial account liability

  beginning of year $1,320,431 · end of year $1,133,020

• 23 · Secured mortgages and notes payable

  beginning of year $233,500,000 · end of year $123,500,000

• 24 · Unsecured notes and loans payable

  beginning of year $49,128,125 · end of year $49,240,625

• 25 · Other liabilities

  beginning of year $3,247,176,341 · end of year $3,409,883,503

• 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 $341,971,729 · end of year $373,765,555

The filer's explanations (Part III)

PART I, LINE 1A

BOARD MEMBERS WHO HAVE COMPANIONS TRAVELING HAVE THESE EXPENSES INCLUDED FOR TAXABLE PURPOSES IN THEIR 1099-MISC. TAX PAYMENTS ARE PROVIDED FOR EXECUTIVE LEVEL STAFF ON THE TAXABLE BENEFIT OF AN INTEREST-FREE LOAN ON A SPLIT DOLLAR LIFE INSURANCE POLICY. WELLNESS EXPENSES SUCH AS HEALTH CLUB DUES ARE PROVIDED FOR EXECUTIVE MANAGEMENT AS A BENEFIT. THEIR COMPENSATION IS TAXED APPROPRIATELY FOR THIS BENEFIT.

PART I, LINES 4A-B

KIM PEARMAN-GILLMAN RECEIVED SEVERANCE OF $78,024 IN 2024. GREG HANSEN PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN IN 2024. $25,000 WAS REPORTED AS DEFERRED AND NO AMOUNTS WERE PAID OUT IN 2024.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• NUMERICA MEMBER SERVICES INC

  C · FINANCIAL PLANNING SERVICE · WA · 100% owned · share of income -$172,255 · share of assets $13,965 · controlled entity

  Directly controlled by NUMERICA CREDIT UNION