Form 990 for tax year 2024
Filed by CREDIT UNIONS IN THE STATE OF WASHINGTON.
Totals
- Total revenue
- $5,141,553
- Total expenses
- $5,424,612
- Contributions and grants received
- $0
- Grants paid
- $2,291
- Program service revenue
- $4,308,089
- Investment income
- $729,660
- Other revenue
- $103,804
- Total assets, end of year
- $77,986,151
- Total liabilities, end of year
- $73,466,420
- Net assets or fund balances, end of year
- $4,519,731
- 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 EARNED ON LOA
total $3,148,114 · related or exempt $3,148,114
-
2b · Program service revenue: FEES & CHARGES
total $614,995 · related or exempt $614,995
-
2c · Program service revenue: INTERCHANGE
total $544,980 · related or exempt $521,028 · unrelated business $23,952
-
3 · Investment income
total $729,660 · excluded $729,660
-
11a · Other revenue: MISC. REVENUE-RELATED-
total $74,485 · related or exempt $74,485
-
11b · Other revenue: LIFE, DISB AND INS INC
total $29,319 · unrelated business $29,319
-
11e · Other revenue, total
$103,804
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,291
-
5 · Compensation of officers, directors and key employees
total $160,690
-
7 · Other salaries and wages
total $1,424,273
-
8 · Pension plan contributions
total $110,715
-
9 · Other employee benefits
total $185,837
-
10 · Payroll taxes
total $141,454
-
11c · Fees: accounting
total -$2,000
-
11g · Fees: other
total $32,580
-
12 · Advertising and promotion
total $333,344
-
13 · Office expenses
total $427,118
-
14 · Information technology
total $204,263
-
16 · Occupancy
total $101,781
-
17 · Travel
total $50,674
-
19 · Conferences, conventions and meetings
total $2,235
-
20 · Interest
total $8
-
22 · Depreciation, depletion and amortization
total $114,706
-
23 · Insurance
total $31,347
-
24a · Other expenses: DIVIDENDS PAID TO MEMBE
total $1,033,020
-
24b · Other expenses: PROVISION FOR LOAN LOSS
total $547,622
-
24c · Other expenses: VISA INTERCHANGE
total $314,002
-
24d · Other expenses: OTHER EXPENSES
total $129,533
-
24e · All other expenses
total $79,119
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $519,012 · end of year $669,092
-
2 · Savings and temporary cash investments
beginning of year $4,541,210 · end of year $7,058,933
-
7 · Other notes and loans receivable
beginning of year $40,836,795 · end of year $39,686,673
-
9 · Prepaid expenses and deferred charges
beginning of year $92,412 · end of year $251,825
-
10a · Land, buildings and equipment: cost or other basis
$5,770,835
-
10b · Land, buildings and equipment: accumulated depreciation
$2,200,262
-
10c · Land, buildings and equipment, net
beginning of year $3,680,166 · end of year $3,570,573
-
11 · Investments: publicly traded securities
beginning of year $23,282,292 · end of year $22,273,856
-
12 · Investments: other securities
beginning of year $249,000 · end of year $3,362,000
-
13 · Investments: program-related
beginning of year $84,243 · end of year $73,963
-
15 · Other assets
beginning of year $2,966,336 · end of year $1,039,236
-
17 · Accounts payable and accrued expenses
beginning of year $1,257,798 · end of year $941,722
-
25 · Other liabilities
beginning of year $70,540,745 · end of year $72,524,698
-
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 $4,452,923 · end of year $4,519,731
Mission and programs · 2024
Mission
MAKING A DIFFERENCE THROUGH QUALITY SERVICE, VALUABLE PRODUCTS, AND FINANCIAL EDUCATION.
-
MUTUAL, MEMBERSHIP BENEFIT PROGRAMS, GENERAL/OTHER: PROVIDED ITS 4,936 MEMBERS THE OPPORTUNITY FOR SAVINGS, DEPOSIT, LOANS, AND OTHER FINANCIAL SERVICES. GRANTED 1,133 LOANS TOTALING $11,879,601 TO ITS MEMBERS DURING 2024.
As filed on the 2024 return.
Listed in Part VII
-
JIM SHERRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MIKE RICCHIO
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
SCOTT COLLINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
LAURA MURPHY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
SUSAN GIRSCH
CHAIR OF BOARD
- Total calculated
- $0
- Hours/week
- 1.5
-
AMY TIEMEYER
VICE CHAIR OF BOARD
- Total calculated
- $0
- Hours/week
- 1.5
-
EARLENE FANTZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
JOHNPAUL MCGEE
PRESIDENT/CEO
- Total calculated
- $189,096
- From this org
- $160,690
- From related orgs
- $0
- Other
- $28,406
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $160,000
- Bonus
- $0
- Other
- $690
- Deferred
- $25,801
- Nontaxable benefits
- $2,605
- Filer's total
- $189,096
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
- 2 · Substantiation required before reimbursing expenses
- 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
- 2024
- Filed
- 22 September 2025
- IRS schema version
- 2024v5.2
- Source object
- 202522769349301562
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