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Nonprofiteer
← KITSAP CREDIT UNION

Form 990 for tax year 2023

Filed by KITSAP CREDIT UNION.

Totals

Total revenue
$135,974,513
Total expenses
$127,345,815
Contributions and grants received
$0
Grants paid
$470,850
Program service revenue
$125,637,997
Investment income
$10,336,516
Other revenue
$0
Total assets, end of year
$2,368,604,375
Total liabilities, end of year
$2,238,188,688
Net assets or fund balances, end of year
$130,415,687
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • SUSAN BAKER

    DIRECTOR

    Total calculated
    $17,933
    From this org
    $17,933
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • JIM ROWSON

    TREASURER

    Total calculated
    $20,380
    From this org
    $20,380
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • SUSAN SIOBHAN CANTY

    DIRECTOR

    Total calculated
    $17,500
    From this org
    $17,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • WENDY JOHNSON

    VICE CHAIR

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • VICKI GAMBRELL

    SECRETARY

    Total calculated
    $17,618
    From this org
    $17,618
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • TONY BOLANDER

    CHAIR

    Total calculated
    $25,000
    From this org
    $25,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • KAREN HOLMES

    DIRECTOR

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • MIKE GOONEWARDENE

    DIRECTOR

    Total calculated
    $17,500
    From this org
    $17,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • CRAIG OLSON

    DIRECTOR (THRU 3/23)

    Total calculated
    $5,893
    From this org
    $5,893
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • SHAWN GILFEDDER

    PRESIDENT/CEO

    Total calculated
    $876,744
    From this org
    $851,331
    From related orgs
    $0
    Other
    $25,413
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $653,299
    Bonus
    $181,055
    Other
    $16,977
    Deferred
    $16,500
    Nontaxable benefits
    $8,913
    Filer's total
    $876,744

  • SIMON POWLEY

    CHIEF REVENUE OFFICER

    Total calculated
    $14,385
    From this org
    $14,385
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • KELLIE D LETEXIER

    SVP COO

    Total calculated
    $418,224
    From this org
    $399,391
    From related orgs
    $0
    Other
    $18,833
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $330,062
    Bonus
    $63,507
    Other
    $5,822
    Deferred
    $16,475
    Nontaxable benefits
    $2,358
    Filer's total
    $418,224

  • TREVOR STUART

    SVP CFO

    Total calculated
    $397,554
    From this org
    $379,735
    From related orgs
    $0
    Other
    $17,819
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $311,467
    Bonus
    $65,241
    Other
    $3,027
    Deferred
    $16,500
    Nontaxable benefits
    $1,319
    Filer's total
    $397,554

  • SCOTT LINDLEY

    SVP CIO

    Total calculated
    $386,588
    From this org
    $364,708
    From related orgs
    $0
    Other
    $21,880
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $291,050
    Bonus
    $67,698
    Other
    $5,960
    Deferred
    $15,485
    Nontaxable benefits
    $6,395
    Filer's total
    $386,588

  • ANTHONY G BULLERI

    SVP CLO

    Total calculated
    $377,940
    From this org
    $362,536
    From related orgs
    $0
    Other
    $15,404
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $294,200
    Bonus
    $62,448
    Other
    $5,888
    Deferred
    $15,251
    Nontaxable benefits
    $153
    Filer's total
    $377,940

  • PAULA C EDELSTEIN

    SVP CPO

    Total calculated
    $278,571
    From this org
    $263,172
    From related orgs
    $0
    Other
    $15,399
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,340
    Bonus
    $0
    Other
    $3,832
    Deferred
    $10,414
    Nontaxable benefits
    $4,985
    Filer's total
    $278,571

  • JAMES PYRON

    SVP CMO

    Total calculated
    $289,828
    From this org
    $277,746
    From related orgs
    $0
    Other
    $12,082
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,241
    Bonus
    $75,198
    Other
    $59,307
    Deferred
    $12,005
    Nontaxable benefits
    $77
    Filer's total
    $289,828

  • SEAN CUMMINGS

    VP, SALES

    Total calculated
    $255,898
    From this org
    $236,110
    From related orgs
    $0
    Other
    $19,788
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,408
    Bonus
    $18,810
    Other
    $892
    Deferred
    $12,143
    Nontaxable benefits
    $7,645
    Filer's total
    $255,898

  • ANDREW E VOORHIES

    VP INFORMATION TECHNOLOGY

    Total calculated
    $199,110
    From this org
    $185,064
    From related orgs
    $0
    Other
    $14,046
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,023
    Bonus
    $10,167
    Other
    $2,874
    Deferred
    $9,753
    Nontaxable benefits
    $4,293
    Filer's total
    $199,110

  • WILLIAM H FOGARTY

    VP, COMMERCIAL LENDING

    Total calculated
    $199,466
    From this org
    $184,330
    From related orgs
    $0
    Other
    $15,136
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,440
    Bonus
    $18,728
    Other
    $2,162
    Deferred
    $8,741
    Nontaxable benefits
    $6,395
    Filer's total
    $199,466

  • LAURA J ENQUIST

    VP MEMBER EXPERIENCE

    Total calculated
    $199,208
    From this org
    $189,409
    From related orgs
    $0
    Other
    $9,799
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,435
    Bonus
    $16,803
    Other
    $1,171
    Deferred
    $9,507
    Nontaxable benefits
    $292
    Filer's total
    $199,208

  • ERIC CRABTREE

    CHIEF DIGITAL STRATEGIST

    Total calculated
    $210,186
    From this org
    $200,047
    From related orgs
    $0
    Other
    $10,139
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,300
    Bonus
    $15,000
    Other
    $1,747
    Deferred
    $7,673
    Nontaxable benefits
    $2,466
    Filer's total
    $210,186

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
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
APPROVED PAID TRAVEL EXPENSES FOR BOARD MEMBER AND OFFICER GUESTS AS PER WRITTEN POLICY AND ARE INCLUDED IN TAXABLE COMPENSATION AS APPROPRIATE.
PART I, LINE 4B
IN 2023, SHAWN GILFEDDER PARTICIPATED IN A SPLIT DOLLAR LOAN PLAN.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202423179349308867

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.