Form 990 for tax year 2023
Filed by CREDIT UNIONS IN THE STATE OF WASHINGTON.
Totals
- Total revenue
- $2,767,585
- Total expenses
- $2,325,717
- Contributions and grants received
- $4,510
- Grants paid
- $35,005
- Program service revenue
- $2,332,923
- Investment income
- $426,829
- Other revenue
- $3,323
- Total assets, end of year
- $78,753,442
- Total liabilities, end of year
- $67,412,656
- Net assets or fund balances, end of year
- $11,340,786
- 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.
-
1c · Fundraising events
$4,510
-
2a · Program service revenue: Loan Interest Income
total $1,954,503 · related or exempt $1,954,503
-
2b · Program service revenue: Interchange Income
total $212,419 · related or exempt $212,419
-
2c · Program service revenue: Fees and Charges
total $121,643 · related or exempt $121,643
-
2d · Program service revenue: Noninterest Operating
total $44,358 · related or exempt $44,358
-
3 · Investment income
total $426,843 · excluded $426,843
-
7b · Less cost or other basis and sales expenses
other assets $14
-
7c · Gain or loss
other assets -$14
-
7d · Net gain or loss
total -$14 · excluded -$14
-
8a · Fundraising events: gross income
$8,900
-
8a · Fundraising events: contributions included on line 1c
$4,510
-
8b · Fundraising events: direct expenses
$8,517
-
8c · Net income from fundraising events
total $383 · excluded $383
-
9a · Gaming: gross income
$2,940
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $2,940 · excluded $2,940
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $27,505
-
2 · Grants to domestic individuals
total $7,500
-
5 · Compensation of officers, directors and key employees
total $311,489
-
7 · Other salaries and wages
total $505,070
-
8 · Pension plan contributions
total $27,535
-
9 · Other employee benefits
total $117,287
-
10 · Payroll taxes
total $66,964
-
11b · Fees: legal
total $1,679
-
11c · Fees: accounting
total $41,157
-
11g · Fees: other
total $54,137
-
12 · Advertising and promotion
total $34,864
-
13 · Office expenses
total $53,014
-
14 · Information technology
total $102,669
-
16 · Occupancy
total $40,560
-
17 · Travel
total $23,431
-
19 · Conferences, conventions and meetings
total $35,983
-
20 · Interest
total $30,827
-
22 · Depreciation, depletion and amortization
total $32,393
-
23 · Insurance
total $22,548
-
24a · Other expenses: Dividends Expense
total $484,656
-
24b · Other expenses: Debit/Credit Card Expen
total $148,660
-
24c · Other expenses: Loan Servicing Expense
total $87,773
-
24d · Other expenses: Bank Charges
total $25,414
-
24e · All other expenses
total $42,602
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $416,821 · end of year $289,497
-
2 · Savings and temporary cash investments
beginning of year $12,817,638 · end of year $12,685,497
-
7 · Other notes and loans receivable
beginning of year $43,175,881 · end of year $46,459,940
-
9 · Prepaid expenses and deferred charges
beginning of year $131,041 · end of year $122,751
-
10a · Land, buildings and equipment: cost or other basis
$836,963
-
10b · Land, buildings and equipment: accumulated depreciation
$539,584
-
10c · Land, buildings and equipment, net
beginning of year $308,752 · end of year $297,379
-
12 · Investments: other securities
beginning of year $17,745,304 · end of year $17,739,243
-
15 · Other assets
beginning of year $1,100,972 · end of year $1,159,135
-
17 · Accounts payable and accrued expenses
beginning of year $555,054 · end of year $1,547,975
-
25 · Other liabilities
beginning of year $64,246,782 · end of year $65,864,681
-
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 $10,894,573 · end of year $11,340,786
Mission and programs · 2023
Mission
Improve the quality of life for our members by providing personalized financial services.
Activities or mission (Part I)
To provide affordable credit and financial services to Spokane firefighters and their families.
-
Spokane Firefighters Credit Union provided financial services to approximately 2,462 members including: loans, IRAs, share certificates, share accounts, and share draft accounts.
As filed on the 2023 return.
Listed in Part VII
-
Bill Gonzalez
Board Chair
- Total calculated
- $0
- Hours/week
- 2
-
Ken Miller
Board Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Bob Green
Director (left 01/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Roger Libby
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mike Thompson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kevin Smith
Director
- Total calculated
- $0
- Hours/week
- 1
-
Scott Himelspach
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brian Chavez
Director (from 02/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Gayle Furness
Chief Executive Officer, Treasurer
- Total calculated
- $194,482
- From this org
- $184,703
- From related orgs
- $0
- Other
- $9,779
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $138,027
- Bonus
- $46,676
- Other
- $0
- Deferred
- $8,434
- Nontaxable benefits
- $1,345
- Filer's total
- $194,482
-
William Logan
Vice President of Lending, Secretary
- Total calculated
- $117,007
- From this org
- $110,384
- From related orgs
- $0
- Other
- $6,623
- 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. 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 committee
- 3 · Compensation survey or study
- 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
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
- 2023
- Filed
- 13 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421359349312417
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