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← 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
$8,919,248
Total expenses
$7,205,224
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,692,591
Investment income
$126,518
Other revenue
$2,100,139
Total assets, end of year
$218,502,275
Total liabilities, end of year
$199,820,945
Net assets or fund balances, end of year
$18,681,330
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.

  • 2a · Program service revenue: Interest on Loans

    total $6,692,591 · related or exempt $6,692,591 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $126,518 · related or exempt $126,518 · unrelated business $0 · excluded $0

  • 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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $2,100,139 · related or exempt $2,100,139 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $2,100,139

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $3,041,449

  • 11g · Fees: other

    total $1,751,074

  • 12 · Advertising and promotion

    total $118,521

  • 13 · Office expenses

    total $829,004

  • 16 · Occupancy

    total $484,751

  • 17 · Travel

    total $2,797

  • 20 · Interest

    total $1,026,728

  • 24a · Other expenses: Provision for Loan Losses

    total -$49,100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $894,206 · end of year $705,769

  • 2 · Savings and temporary cash investments

    beginning of year $39,647,508 · end of year $23,577,582

  • 7 · Other notes and loans receivable

    beginning of year $142,310,930 · end of year $190,858,573

  • 9 · Prepaid expenses and deferred charges

    beginning of year $237,338 · end of year $222,637

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

    $4,092,111

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

    $1,559,166

  • 10c · Land, buildings and equipment, net

    beginning of year $2,490,934 · end of year $2,532,945

  • 15 · Other assets

    beginning of year $534,410 · end of year $604,769

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,367,440 · end of year $10,272,480

  • 25 · Other liabilities

    beginning of year $159,238,562 · end of year $189,548,465

  • 27 · Net assets without donor restrictions

    beginning of year $17,509,324 · end of year $18,681,330

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

Puget Sound Cooperative Credit Union is a State-Chartered Credit Union providing financial services to its members in the State of Washington

Activities or mission (Part I)

Puget Sound Cooperative Credit Union is a state-chartered Credit Union providing financial services to its members in the State of Washington.

  • Puget Sound Cooperative Credit Union is a State-chartered Credit Union providing financial services to its members in the State of Washington

As filed on the 2022 return.

Listed in Part VII

  • Marc Stepper

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • John Staczak

    Chairman of Board

    Total calculated
    $0
    Hours/week
    0

  • Nancy Agler

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Lynn Logen

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Wayne Apostolik

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Christina Bender

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Shannon Ellis-Brock

    CEO/Board Member

    Total calculated
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
11 May 2023
IRS schema version
2022v5.0
Source object
202301319349303650

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