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Nonprofiteer
← INDUSTRIAL CREDIT UNION OF WHATCOM COUNTY

Form 990 for tax year 2022

Filed by INDUSTRIAL CREDIT UNION OF WHATCOM COUNTY.

Totals

Total revenue
$22,987,769
Total expenses
$20,977,088
Contributions and grants received
$1,370,000
Grants paid
$0
Program service revenue
$20,525,892
Investment income
$1,085,877
Other revenue
$6,000
Total assets, end of year
$400,566,413
Total liabilities, end of year
$372,677,484
Net assets or fund balances, end of year
$27,888,929
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$20,977,090

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Brandon Hahnel

    President/CEO

    Total calculated
    $369,619
    From this org
    $369,619
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $257,060
    Bonus
    $36,397
    Other
    $75,881
    Deferred
    $100,116
    Nontaxable benefits
    $0
    Filer's total
    $469,454

  • Richard Holcomb

    VP/Finance

    Total calculated
    $145,172
    From this org
    $145,172
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,172
    Bonus
    $0
    Other
    $0
    Deferred
    $13,473
    Nontaxable benefits
    $0
    Filer's total
    $158,645

  • BJ Van Leeuwen

    VP/Lending

    Total calculated
    $139,562
    From this org
    $139,562
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,562
    Bonus
    $0
    Other
    $0
    Deferred
    $8,374
    Nontaxable benefits
    $0
    Filer's total
    $147,936

  • Vickie Skelton

    VP/Operations

    Total calculated
    $135,208
    From this org
    $135,208
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $135,208
    Bonus
    $0
    Other
    $0
    Deferred
    $8,076
    Nontaxable benefits
    $0
    Filer's total
    $143,284

  • Dean Lewis

    Director Real Estate

    Total calculated
    $133,533
    From this org
    $133,533
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,533
    Bonus
    $0
    Other
    $0
    Deferred
    $2,776
    Nontaxable benefits
    $0
    Filer's total
    $136,309

  • Denise Pethick

    Director Human Resources

    Total calculated
    $115,803
    From this org
    $115,803
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,803
    Bonus
    $0
    Other
    $0
    Deferred
    $6,921
    Nontaxable benefits
    $0
    Filer's total
    $122,724

  • Andy Thom

    Director/IT

    Total calculated
    $112,123
    From this org
    $112,123
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $112,123
    Bonus
    $0
    Other
    $0
    Deferred
    $6,286
    Nontaxable benefits
    $0
    Filer's total
    $118,409

  • Dain Stevens

    VP/Digital Services

    Total calculated
    $111,606
    From this org
    $111,606
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,606
    Bonus
    $0
    Other
    $0
    Deferred
    $6,674
    Nontaxable benefits
    $0
    Filer's total
    $118,280

  • Kessa Volland

    Director of Marketing

    Total calculated
    $102,215
    From this org
    $102,215
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $102,215
    Bonus
    $0
    Other
    $0
    Deferred
    $6,111
    Nontaxable benefits
    $0
    Filer's total
    $108,326

  • Melissa Muhich

    Board of Director

    Total calculated
    $2,300
    From this org
    $2,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Bonnie Drafs

    Supervisory Committee

    Total calculated
    $2,100
    From this org
    $2,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Dennis McGrew

    Board of Director

    Total calculated
    $1,900
    From this org
    $1,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Nikole Knauft

    Board of Director

    Total calculated
    $1,900
    From this org
    $1,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Michael Ashby

    Board Vice Chair

    Total calculated
    $1,900
    From this org
    $1,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Stan Godek

    Board of Director

    Total calculated
    $1,900
    From this org
    $1,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Harold Henkel

    Board of Director

    Total calculated
    $1,900
    From this org
    $1,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Areti Moulares

    Supervisory Committee Chair

    Total calculated
    $1,400
    From this org
    $1,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Rick Maricle

    Board Chair

    Total calculated
    $0
    Hours/week
    2 + 1 related

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

  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee

Answered no

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

The filer's explanations (Part III)

Schedule J, Part II
President/CEO and VP/Finance have 457B plans. The CEO's plan has a $19,000 yearly contribution while the VP/Finance has a $4,800 yearly contribution. All other deferred contributions in section C are 401k match contributions made by the credit union. Part b, line iii shows CEO other reportable compensation at $76,108 which is a 457f payout to the President/CEO in 2023. This will be part of the w-2 salary when reported in 2023.

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.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
31 March 2023
IRS schema version
2022v5.0
Source object
202331239349301708

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