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Nonprofiteer
← CREDIT UNIONS IN THE STATE OF WASHINGTON

Form 990 for tax year 2022

Filed by CREDIT UNIONS IN THE STATE OF WASHINGTON.

Totals

Total revenue
$1,076,116,183
Total expenses
$879,646,068
Contributions and grants received
$0
Grants paid
$8,928,955
Program service revenue
$836,112,490
Investment income
$240,509,207
Other revenue
-$505,514
Total assets, end of year
$28,780,643,575
Total liabilities, end of year
$26,832,951,916
Net assets or fund balances, end of year
$1,947,691,659
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$0

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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: LOAN INTEREST INCOME

    total $616,304,121 · related or exempt $616,304,121 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: FEE INCOME

    total $175,051,444 · related or exempt $173,993,157 · unrelated business $1,058,287 · excluded $0

  • 2c · Program service revenue: BROKER INCOME

    total $13,877,090 · related or exempt $13,877,090 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: CONTRACT INCENTIVE INCOME

    total $15,383,833 · related or exempt $15,383,833 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: OTHER PROGRAM REVENUE

    total $13,369,089 · related or exempt $13,248,954 · unrelated business $120,135 · excluded $0

  • 2f · All other program service revenue

    total $2,126,913 · related or exempt $2,094,889 · unrelated business $32,024 · excluded $0

  • 3 · Investment income

    total $228,149,671 · related or exempt $0 · unrelated business $0 · excluded $228,149,671

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

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $415,907 · personal property $0

  • 6b · Less rental expenses

    real property $1,348,074 · personal property $0

  • 6c · Rental income or loss

    real property -$932,167 · personal property $0

  • 6d · Net rental income or loss

    total -$932,167 · related or exempt $0 · unrelated business $0 · excluded -$932,167

  • 7a · Gross sales of assets other than inventory

    securities $910,457,038 · other assets $23,092,007

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

    securities $898,522,217 · other assets $22,667,292

  • 7c · Gain or loss

    securities $11,934,821 · other assets $424,715

  • 7d · Net gain or loss

    total $12,359,536 · related or exempt $0 · unrelated business $0 · excluded $12,359,536

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue: CUSO INVESTMENTS

    total $426,653 · related or exempt $0 · unrelated business $426,653 · excluded $0

  • 11b · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11c · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $426,653

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,928,955 · 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 $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $27,620,428 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $267,344,937 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $28,955,335 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $39,884,436 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $23,042,622 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $2,738,775 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $2,048,195 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $50,820 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $929,816 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $44,110,952 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $32,888,091 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $23,219,460 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $55,456,074 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $22,184,229 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $1,300,138 · 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 $1,382,086 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $81,360,787 · program services $0 · 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 $30,582,189 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $1,506,199 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: PRODUCT COST & SERVICING

    total $126,854,328 · program services $0 · management and general $0 · fundraising $0

  • 24b · Other expenses: UBI TAX EXPENSE

    total $1,297,339 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses: PROVISION FOR LOAN LOSS

    total $49,553,182 · program services $0 · management and general $0 · fundraising $0

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $673,519 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $5,733,176 · program services $0 · management and general $0 · fundraising $0

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $181,996,747 · end of year $148,202,592

  • 2 · Savings and temporary cash investments

    beginning of year $5,659,718,573 · end of year $2,114,581,220

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $231,134 · end of year $231,134

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $13,242,656,127 · end of year $16,298,351,358

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,119,330 · end of year $31,354,244

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

    $336,745,744

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

    $172,169,562

  • 10c · Land, buildings and equipment, net

    beginning of year $148,021,309 · end of year $164,576,182

  • 11 · Investments: publicly traded securities

    beginning of year $65,717,005 · end of year $62,197,880

  • 12 · Investments: other securities

    beginning of year $9,649,503,500 · end of year $8,806,305,639

  • 13 · Investments: program-related

    beginning of year $73,034,266 · end of year $15,979,159

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $1,111,700,470 · end of year $1,138,864,167

  • 17 · Accounts payable and accrued expenses

    beginning of year $149,145,599 · end of year $164,645,091

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $3,638,078 · end of year $8,529,745

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $1,075,184,587 · end of year $663,650,220

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $26,130,982,136 · end of year $25,996,126,860

  • 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 $2,797,748,061 · end of year $1,947,691,659

Mission and programs · 2022

Mission

AS A COOPERATIVE WE BRING PEOPLE TOGETHER TO IMPROVE THE FINANCIAL WELL-BEING OF OUR MEMBERS AND THEIR COMMUNITIES.

  • TOTAL 1,388,742 MEMBERS; 108,200 NEW MEMBERS FOR 2022; 141,434 LOANS ORIGINATED TOTALLING $7,600,000,000

As filed on the 2022 return.

Listed in Part VII

  • Debra Somberg

    Director Chairperson

    Total calculated
    $97,500
    From this org
    $97,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Bill Longbrake

    Director

    Total calculated
    $85,000
    From this org
    $85,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • David Yonce

    Director

    Total calculated
    $45,940
    From this org
    $45,940
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Denis Farmer

    Director

    Total calculated
    $80,000
    From this org
    $80,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Jessie Woolley-Wilson

    Director

    Total calculated
    $48,129
    From this org
    $48,129
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • John McMurray

    Director

    Total calculated
    $90,000
    From this org
    $90,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Manolo Sanchez

    Director

    Total calculated
    $75,000
    From this org
    $75,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Matthew Oppenheimer

    Director

    Total calculated
    $82,129
    From this org
    $82,129
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Patrick Smith

    Director

    Total calculated
    $31,931
    From this org
    $31,931
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Susan Ehrlich

    Director

    Total calculated
    $78,430
    From this org
    $78,430
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Will Daugherty

    Director

    Total calculated
    $77,871
    From this org
    $77,871
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Beverly Anderson

    President CEO

    Total calculated
    $642,316
    From this org
    $642,316
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $28,846
    Bonus
    $500,000
    Other
    $113,470
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $642,316

  • John Benson Porter

    Former President CEO

    Total calculated
    $4,407,540
    From this org
    $4,287,758
    From related orgs
    $0
    Other
    $119,782
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $724,865
    Bonus
    $643,493
    Other
    $2,919,400
    Deferred
    $90,692
    Nontaxable benefits
    $29,090
    Filer's total
    $4,407,540

  • Melba Bartels

    EVP Chief Financial Officer

    Total calculated
    $2,154,372
    From this org
    $2,046,930
    From related orgs
    $0
    Other
    $107,442
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $555,548
    Bonus
    $274,279
    Other
    $1,217,103
    Deferred
    $84,236
    Nontaxable benefits
    $23,207
    Filer's total
    $2,154,373

  • Thomas Berquist

    EVP Chief Marketing Officer

    Total calculated
    $771,932
    From this org
    $612,613
    From related orgs
    $0
    Other
    $159,319
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $335,205
    Bonus
    $170,288
    Other
    $107,120
    Deferred
    $136,191
    Nontaxable benefits
    $23,128
    Filer's total
    $771,932

  • Fumbi Chima

    EVP Chief Technology Transformation Officer

    Total calculated
    $1,155,803
    From this org
    $909,826
    From related orgs
    $0
    Other
    $245,977
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $654,101
    Bonus
    $254,154
    Other
    $1,572
    Deferred
    $214,365
    Nontaxable benefits
    $31,612
    Filer's total
    $1,155,804

  • Douglas Marshall

    EVP Chief Product Digital Officer

    Total calculated
    $764,912
    From this org
    $661,728
    From related orgs
    $0
    Other
    $103,184
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $359,942
    Bonus
    $181,076
    Other
    $120,710
    Deferred
    $83,063
    Nontaxable benefits
    $20,120
    Filer's total
    $764,911

  • John Stewart

    EVP Chief Risk Officer

    Total calculated
    $785,882
    From this org
    $608,028
    From related orgs
    $0
    Other
    $177,854
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $392,553
    Bonus
    $198,128
    Other
    $17,347
    Deferred
    $151,218
    Nontaxable benefits
    $26,637
    Filer's total
    $785,883

  • Michael Scott Strand

    EVP Chief Operating Officer

    Total calculated
    $1,390,339
    From this org
    $1,276,306
    From related orgs
    $0
    Other
    $114,033
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $519,970
    Bonus
    $244,172
    Other
    $512,165
    Deferred
    $92,105
    Nontaxable benefits
    $21,928
    Filer's total
    $1,390,340

  • Melanie Walsh

    EVP Chief Administrative Officer

    Total calculated
    $865,246
    From this org
    $774,486
    From related orgs
    $0
    Other
    $90,760
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $359,007
    Bonus
    $183,528
    Other
    $231,951
    Deferred
    $61,299
    Nontaxable benefits
    $29,461
    Filer's total
    $865,246

  • Anthony Harris

    Assistant Corporate Secretary

    Total calculated
    $350,963
    From this org
    $233,791
    From related orgs
    $0
    Other
    $117,172
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,789
    Bonus
    $33,796
    Other
    $13,206
    Deferred
    $101,127
    Nontaxable benefits
    $16,045
    Filer's total
    $350,963

  • Michael Ryan

    SVP General Counsel

    Total calculated
    $534,074
    From this org
    $442,772
    From related orgs
    $0
    Other
    $91,302
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $324,654
    Bonus
    $116,571
    Other
    $1,547
    Deferred
    $68,795
    Nontaxable benefits
    $22,507
    Filer's total
    $534,074

  • Aaron Bresko

    Former SVP Consumer Lending

    Total calculated
    $140,785
    From this org
    $132,856
    From related orgs
    $0
    Other
    $7,929
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $10,861
    Bonus
    $84,264
    Other
    $37,731
    Deferred
    $5,874
    Nontaxable benefits
    $2,055
    Filer's total
    $140,785

  • Gennadiy Henry Darakhovskiy

    SVP Treasury CIO

    Total calculated
    $506,315
    From this org
    $405,207
    From related orgs
    $0
    Other
    $101,108
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $303,175
    Bonus
    $97,844
    Other
    $4,188
    Deferred
    $78,601
    Nontaxable benefits
    $22,506
    Filer's total
    $506,314

  • Venetia Espinoza

    SVP Credit Card

    Total calculated
    $111,118
    From this org
    $97,804
    From related orgs
    $0
    Other
    $13,314
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $96,357
    Bonus
    $0
    Other
    $1,447
    Deferred
    $1,212
    Nontaxable benefits
    $12,102
    Filer's total
    $111,118

  • Jennifer Fancher

    SVP Transformation Officer

    Total calculated
    $490,122
    From this org
    $390,857
    From related orgs
    $0
    Other
    $99,265
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $283,001
    Bonus
    $105,471
    Other
    $2,384
    Deferred
    $71,176
    Nontaxable benefits
    $28,089
    Filer's total
    $490,121

  • Dana Gray

    SVP Commercial Business Services

    Total calculated
    $589,006
    From this org
    $468,325
    From related orgs
    $0
    Other
    $120,681
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $342,504
    Bonus
    $117,952
    Other
    $7,868
    Deferred
    $97,174
    Nontaxable benefits
    $23,508
    Filer's total
    $589,006

  • Lisa Grove

    SVP Chief Audit Executive

    Total calculated
    $483,873
    From this org
    $370,875
    From related orgs
    $0
    Other
    $112,998
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $277,087
    Bonus
    $89,533
    Other
    $4,255
    Deferred
    $86,170
    Nontaxable benefits
    $26,828
    Filer's total
    $483,873

  • Paul Hutchison

    SVP Tech Business Solutions

    Total calculated
    $350,752
    From this org
    $334,219
    From related orgs
    $0
    Other
    $16,533
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,684
    Bonus
    $100,000
    Other
    $2,535
    Deferred
    $0
    Nontaxable benefits
    $16,533
    Filer's total
    $350,752

  • Gregg Kats

    SVP Administration Servicing

    Total calculated
    $536,122
    From this org
    $343,514
    From related orgs
    $0
    Other
    $192,608
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,223
    Bonus
    $84,839
    Other
    $13,452
    Deferred
    $163,517
    Nontaxable benefits
    $29,090
    Filer's total
    $536,121

  • Shahzad Kazi

    SVP Credit Risk Management CCO

    Total calculated
    $541,537
    From this org
    $425,845
    From related orgs
    $0
    Other
    $115,692
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $301,405
    Bonus
    $106,829
    Other
    $17,611
    Deferred
    $89,177
    Nontaxable benefits
    $26,515
    Filer's total
    $541,537

  • Brian Knollenberg

    SVP Marketing

    Total calculated
    $474,066
    From this org
    $366,380
    From related orgs
    $0
    Other
    $107,686
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $273,464
    Bonus
    $90,246
    Other
    $2,670
    Deferred
    $81,658
    Nontaxable benefits
    $26,028
    Filer's total
    $474,066

  • Bryan MacDonald

    SVP Enterprise Risk Management

    Total calculated
    $503,055
    From this org
    $374,354
    From related orgs
    $0
    Other
    $128,701
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $277,615
    Bonus
    $93,664
    Other
    $3,075
    Deferred
    $112,084
    Nontaxable benefits
    $16,617
    Filer's total
    $503,055

  • Sean Murphy

    SVP Chief Information Security Officer

    Total calculated
    $660,777
    From this org
    $578,379
    From related orgs
    $0
    Other
    $82,398
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $434,668
    Bonus
    $141,370
    Other
    $2,340
    Deferred
    $78,298
    Nontaxable benefits
    $4,101
    Filer's total
    $660,777

  • Ken Myhra

    Former SVP Credit Card

    Total calculated
    $223,788
    From this org
    $207,184
    From related orgs
    $0
    Other
    $16,604
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $93,585
    Bonus
    $84,769
    Other
    $28,831
    Deferred
    $3,758
    Nontaxable benefits
    $12,845
    Filer's total
    $223,788

  • Balaji Ponnuswamy

    SVP Product Development Management

    Total calculated
    $452,779
    From this org
    $367,317
    From related orgs
    $0
    Other
    $85,462
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,070
    Bonus
    $87,146
    Other
    $2,101
    Deferred
    $62,671
    Nontaxable benefits
    $22,791
    Filer's total
    $452,779

  • Karen Potts

    SVP Technology

    Total calculated
    $585,676
    From this org
    $499,305
    From related orgs
    $0
    Other
    $86,371
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $325,505
    Bonus
    $125,230
    Other
    $48,569
    Deferred
    $63,166
    Nontaxable benefits
    $23,206
    Filer's total
    $585,676

  • Paula Ramirez

    SVP Human Resources

    Total calculated
    $446,046
    From this org
    $360,554
    From related orgs
    $0
    Other
    $85,492
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $272,862
    Bonus
    $80,363
    Other
    $7,330
    Deferred
    $68,914
    Nontaxable benefits
    $16,577
    Filer's total
    $446,046

  • Debasis Rath

    SVP Consumer Lending

    Total calculated
    $403,775
    From this org
    $374,031
    From related orgs
    $0
    Other
    $29,744
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $272,734
    Bonus
    $100,000
    Other
    $1,297
    Deferred
    $6,923
    Nontaxable benefits
    $22,822
    Filer's total
    $403,776

  • Travis Simpson

    SVP Retail Contact Center Wealth

    Total calculated
    $533,496
    From this org
    $433,010
    From related orgs
    $0
    Other
    $100,486
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $314,427
    Bonus
    $104,751
    Other
    $13,833
    Deferred
    $72,495
    Nontaxable benefits
    $27,990
    Filer's total
    $533,496

  • Lorraine Stewart

    SVP Mortgage Lending

    Total calculated
    $482,426
    From this org
    $368,161
    From related orgs
    $0
    Other
    $114,265
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $272,559
    Bonus
    $91,474
    Other
    $4,128
    Deferred
    $93,849
    Nontaxable benefits
    $20,416
    Filer's total
    $482,426

  • Christine Wallace

    SVP Accounting Controller

    Total calculated
    $462,716
    From this org
    $355,960
    From related orgs
    $0
    Other
    $106,756
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,376
    Bonus
    $88,082
    Other
    $1,502
    Deferred
    $77,167
    Nontaxable benefits
    $29,590
    Filer's total
    $462,717

  • Michael Zell

    SVP Digital

    Total calculated
    $495,292
    From this org
    $387,993
    From related orgs
    $0
    Other
    $107,299
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $290,517
    Bonus
    $93,282
    Other
    $4,194
    Deferred
    $78,409
    Nontaxable benefits
    $28,890
    Filer's total
    $495,292

  • Deborah McLeod

    VP Retail Delivery

    Total calculated
    $453,545
    From this org
    $348,111
    From related orgs
    $0
    Other
    $105,434
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,927
    Bonus
    $74,941
    Other
    $13,243
    Deferred
    $80,109
    Nontaxable benefits
    $25,325
    Filer's total
    $453,545

  • Deborah Taglialavore

    VP Commercial and Business Services-Primary Markets

    Total calculated
    $565,192
    From this org
    $467,846
    From related orgs
    $0
    Other
    $97,346
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,272
    Bonus
    $225,500
    Other
    $5,074
    Deferred
    $80,395
    Nontaxable benefits
    $16,951
    Filer's total
    $565,192

  • Linnea Wexler

    Sr Commercial Relationship Manager II

    Total calculated
    $1,157,957
    From this org
    $1,065,413
    From related orgs
    $0
    Other
    $92,544
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,933
    Bonus
    $917,559
    Other
    $1,921
    Deferred
    $59,015
    Nontaxable benefits
    $33,529
    Filer's total
    $1,157,957

  • Marc Wright

    VP Commercial Credit

    Total calculated
    $695,267
    From this org
    $594,378
    From related orgs
    $0
    Other
    $100,889
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,609
    Bonus
    $82,535
    Other
    $311,234
    Deferred
    $81,874
    Nontaxable benefits
    $19,015
    Filer's total
    $695,267

  • Jaime Suarez

    Financial Advisor

    Total calculated
    $601,080
    From this org
    $452,154
    From related orgs
    $0
    Other
    $148,926
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $36,896
    Bonus
    $413,763
    Other
    $1,494
    Deferred
    $120,208
    Nontaxable benefits
    $28,719
    Filer's total
    $601,080

  • Mathew Dailey

    VP Investment Services

    Total calculated
    $521,883
    From this org
    $410,904
    From related orgs
    $0
    Other
    $110,979
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,411
    Bonus
    $178,982
    Other
    $14,511
    Deferred
    $88,728
    Nontaxable benefits
    $22,251
    Filer's total
    $521,883

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 · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Part I Line 1a
| Name :, Title:, Item Selected:, Description:| , BECU MAINTAINS A MEMBERSHIP AT A SOCIAL CLUB. ALL EXECUTIVES HAVE ACCESS TO THE CLUB FOR CONDUCTING MEETINGS AND TO HOST SOCIAL EVENTS. THE BENEFIT OF ATTENDING THE CLUB IS NOT TAXABLE TO THE RECIPIENT.|
Part I Line 4a
| Name :, Amount:| Marc Wright severance payment, 262043|
Part I Line 4b
| Name :, Title:, Item Selected:, Amount:| PRES CEO: PAYMENT OF SERP VESTING, 2877472|
Part I Line 4b
| Name :, Title:, Item Selected:, Amount:| EVP CFO: PAYMENT OF SERP VESTING, 1210614|
Part I Line 4b
| Name :, Title:, Item Selected:, Amount:| EVP CMO: PAYMENT OF SERP VESTING, 102468|
Part I Line 4b
| Name :, Title:, Item Selected:, Amount:| EVP CT&TO: ACCRUAL 457F SERP, 148431|
Part I Line 4b
| Name :, Title:, Item Selected:, Amount:| EVP CP&DO: PAYMENT OF SERP VESTING, 105659|
Part I Line 4b
| Name :, Title:, Item Selected:, Amount:| EVP CRO: ACCRUAL 457F SERP, 80728|
Part I Line 4b
| Name :, Title:, Item Selected:, Amount:| EVP COO: PAYMENT OF SERP VESTING, 491368|
Part I Line 4b
| Name :, Title:, Item Selected:, Amount:| EVP CAO: PAYMENT OF SERP VESTING, 216527|

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

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • EMPLOYEE BENEFIT FUNDING TRUST

    EMPLOYEE MEDICAL & PAID TIME-OFF BENEFIT OBLIGATIONS · WA · income $14,170,787 · assets $516,966,011

    Directly controlled by BECU

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349326448

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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