Form 990 for tax year 2022
Filed by CREDIT UNIONS IN THE STATE OF WASHINGTON.
Totals
- Total revenue
- $2,687,551
- Total expenses
- $2,395,201
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,067,083
- Investment income
- $1,589,285
- Other revenue
- $31,183
- Total assets, end of year
- $129,700,274
- Total liabilities, end of year
- $115,439,154
- Net assets or fund balances, end of year
- $14,261,120
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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 - MEMBER LOANS
total $962,483 · related or exempt $962,483
-
2b · Program service revenue: INSURANCE INCOME
total $57,900 · related or exempt $57,900
-
2c · Program service revenue: DEBT PROTECTION
total $19,418 · related or exempt $19,418
-
2d · Program service revenue: FEES AND CHARGES
total $17,478 · related or exempt $17,478
-
2e · Program service revenue: AD&D INCOME
total $9,804 · related or exempt $9,804
-
3 · Investment income
total $1,589,285 · excluded $1,589,285
-
11a · Other revenue: MISCELLANEOUS INCOME
total $31,183 · related or exempt $31,183
-
11e · Other revenue, total
$31,183
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $183,307
-
7 · Other salaries and wages
total $364,962
-
8 · Pension plan contributions
total $51,122
-
9 · Other employee benefits
total $148,954
-
10 · Payroll taxes
total $35,390
-
11b · Fees: legal
total $1,505
-
11c · Fees: accounting
total $31,286
-
11g · Fees: other
total $126,217
-
12 · Advertising and promotion
total $20,581
-
13 · Office expenses
total $37,589
-
16 · Occupancy
total $67,894
-
19 · Conferences, conventions and meetings
total $15,784
-
22 · Depreciation, depletion and amortization
total $51,650
-
23 · Insurance
total $33,837
-
24a · Other expenses: DIVIDENDS
total $1,094,965
-
24b · Other expenses: EXAMINATION FEE
total $48,000
-
24c · Other expenses: PROVISION FOR LOAN LOSS
total $35,000
-
24d · Other expenses: ASSOCIATION FEES
total $24,755
-
24e · All other expenses
total $22,403
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $979,769 · end of year $751,118
-
2 · Savings and temporary cash investments
beginning of year $7,882,339 · end of year $4,200,141
-
7 · Other notes and loans receivable
beginning of year $22,664,563 · end of year $25,856,524
-
9 · Prepaid expenses and deferred charges
beginning of year $59,118 · end of year $57,953
-
10a · Land, buildings and equipment: cost or other basis
$1,744,345
-
10b · Land, buildings and equipment: accumulated depreciation
$805,011
-
10c · Land, buildings and equipment, net
beginning of year $970,832 · end of year $939,334
-
12 · Investments: other securities
beginning of year $93,083,000 · end of year $93,742,000
-
15 · Other assets
beginning of year $3,945,823 · end of year $4,153,204
-
17 · Accounts payable and accrued expenses
beginning of year $41,222 · end of year $349,114
-
25 · Other liabilities
beginning of year $115,523,482 · end of year $115,090,040
-
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 $14,020,740 · end of year $14,261,120
Mission and programs · 2022
Mission
TLCU IS A MEMBER-OWNED FINANCIAL INSTITUTION WHOSE PURPOSE IS TO MEET ITS MEMBERS' FINANCIAL NEEDS AND PROMOTE THE FINANCIAL WELL-BEING OF ITS MEMBERS BY PROVIDING THEM WITH FINANCIAL SERVICES IN A FRIENDLY AND CONSIDERATE MANNER.
Activities or mission (Part I)
CREDIT UNION COOPERATIVE PROMOTING THRIFT AND OFFERING FINANCIAL SERVICES TO MEMBERS.
-
MUTUAL, MEMBERSHIP BENEFIT PROGRAMS, GENERAL/OTHER. PROVIDE 3,237 MEMBERS THE OPPORTUNITY FOR SAVINGS, DEPOSITS, LOANS, AND OTHER FINANCIAL SERVICES. GRANTED 423 LOANS TOTALING $13,116,354.
As filed on the 2022 return.
Listed in Part VII
-
MARLAND GUINN JR
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT DEYOUNG JR
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
THERESA SAMMALISTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LANCE ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TIM FAKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BILL SYROVATKA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
AARON SKIFFINGTON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
CRAIG CURRAN
SUPERVISORY CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT MCGHEE
SUPERVISORY MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DOUGLAS HASKINS
SUPERVISORY MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
BRANDON DICKS
SUPERVISORY MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MARK MERRIMAN
CEO
- Total calculated
- $247,700
- From this org
- $183,307
- From related orgs
- $0
- Other
- $64,393
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $170,535
- Bonus
- $4,901
- Other
- $7,871
- Deferred
- $38,467
- Nontaxable benefits
- $25,926
- Filer's total
- $247,700
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 · Compensation survey or study
- 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
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 26 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202332999349300708
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