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WHATCOM EDUCATIONAL CREDIT UNION

EIN 91-0712539 BELLINGHAM, WA

Browse the largest nonprofits in Washington

Revenue 2024
$166,494,738
Expenses 2024
$154,291,742

As filed

Subsection
14
NTEE code
W61
Classification
1000
Street
21 BELLWETHER WAY

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Group exemption

A subordinate covered by the group exemption of CREDIT UNIONS IN THE STATE OF WASHINGTON (EIN 91-6055937). matched by us

The IRS lists each organization's group exemption number; we match a subordinate to its central organization by that number and the affiliation code the IRS assigns.

Mission and programs · 2024

Mission

WHATCOM EDUCATIONAL CREDIT UNION (WECU) IS A NOT-FOR-PROFIT FINANCIAL COOPERATIVE WHERE MEMBERS ARE ENCOURAGED TO SAVE AND BORROW RESPONSIBLY AT FAIR AND COMPETITIVE RATES, IMPROVING THEIR FINANCIAL WELL-BEING AND STANDARD OF LIVING. THIS STATE-CHARTERED CREDIT UNION IS A MEMBER OF THE NATIONAL CREDIT UNION ADMINISTRATION SHARE INSURANCE FUND, AND IS REGULATED BY THE NATIONAL CREDIT UNION ASSOCIATION, AND THE STATE OF WASHINGTON DEPARTMENT OF FINANCIAL INSTITUTIONS - DIVISION OF CREDIT UNIONS. WECU'S MAIN PRODUCTS ARE CONSUMER LOANS, REAL ESTATE LOANS AND COMMERCIAL LOANS TO MEMBERS, WHICH ARE PRIMARILY FUNDED BY DEPOSITS FROM MEMBERS. FINANCIAL EDUCATION AND COMMUNITY SERVICE ARE ALSO AN INTEGRAL PART OF WECU'S OPERATIONS AND SPIRIT OF SERVICE.

Activities or mission (Part I)

OUR MISSION IS TO MAKE A MEANINGFUL DIFFERENCE IN THE LIVES OF OUR MEMBERS.

  • LENDING:TOTAL OUTSTANDING LOANS INCREASED BY 15.00%, AMOUNTING TO $320.96 MILLION YEAR-OVER-YEAR (YOY). DESPITE A CHALLENGING ENVIRONMENT, WECU PROVIDED A TOTAL OF $691 MILLION IN LOANS TO MEMBERS WITHIN THE COMMUNITIES WE SERVE.

  • DEPOSITS & LIQUIDITY: DEPOSITS GREW BY 6.33%, AMOUNTING TO $140.86 MILLION YEAR-OVER-YEAR (YOY). BORROWINGS INCREASED BY 19.77%, TOTALING $34.0 MILLION YOY. THESE INCREASES ENABLED WECU TO SUSTAIN LIQUIDITY RESERVES THROUGHOUT 2024. THE INCREASE IN DEPOSITS SUGGESTS THAT THE CURRENT PRICING STRATEGY IS SUCCESSFULLY RETAINING AND ATTRACTING NEW DEPOSIT RELATIONSHIPS. ADDITIONALLY, WECU CONTRIBUTED TO THE ECONOMY BY DISTRIBUTING $42 MILLION IN DIVIDENDS. MEMBERSHIP GROWTH ALSO SAW A YOY INCREASE OF 5.11%.

  • COMMUNITY INVOLVEMENT:WHILE TECHNICALLY NOT A CHARTERED SERVICE, WECU IS COMMITTED TO COMMUNITY SERVICE AND PROVIDES SUPPORT TO A LARGE NUMBER OF LOCAL EDUCATIONAL, HEALTH AND COMMUNITY CONCERNS. IN 2024, HELPING MEMBERS AND THE COMMUNITY AT LARGE CONTINUES TO BE A PRIMARY FOCUS. THIS WAS DEMONSTRATED THROUGH SEVERAL ACTIVITIES THROUGHOUT THE YEAR THROUGHOUT THE COUNTIES SERVED.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Jennifer Kutcher

    PRESIDENT & CEO

    Total calculated
    $966,326
    From this org
    $884,765
    From related orgs
    $0
    Other
    $81,561
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $655,977
    Bonus
    $178,759
    Other
    $50,029
    Deferred
    $53,500
    Nontaxable benefits
    $28,061
    Filer's total
    $966,326

  • Jack Ingram

    CHIEF INFORMATION OFFICER

    Total calculated
    $523,484
    From this org
    $453,215
    From related orgs
    $0
    Other
    $70,269
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $367,421
    Bonus
    $70,701
    Other
    $15,093
    Deferred
    $41,695
    Nontaxable benefits
    $28,574
    Filer's total
    $523,484

  • Jeffrey Dykstra

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $521,348
    From this org
    $451,454
    From related orgs
    $0
    Other
    $69,894
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $366,568
    Bonus
    $70,875
    Other
    $14,011
    Deferred
    $41,320
    Nontaxable benefits
    $28,574
    Filer's total
    $521,348

  • Nicholas Hodson

    CHIEF FINANCIAL OFFICER

    Total calculated
    $440,356
    From this org
    $383,666
    From related orgs
    $0
    Other
    $56,690
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $313,705
    Bonus
    $59,960
    Other
    $10,001
    Deferred
    $28,116
    Nontaxable benefits
    $28,574
    Filer's total
    $440,356

  • Cynthia Chase Klein

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $392,027
    From this org
    $332,953
    From related orgs
    $0
    Other
    $59,074
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $275,341
    Bonus
    $53,532
    Other
    $4,080
    Deferred
    $30,500
    Nontaxable benefits
    $28,574
    Filer's total
    $392,027

  • Erynne Maria Hallock

    VICE PRESIDENT, RETAIL DELIVERY

    Total calculated
    $340,190
    From this org
    $293,716
    From related orgs
    $0
    Other
    $46,474
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $237,549
    Bonus
    $46,437
    Other
    $9,730
    Deferred
    $17,900
    Nontaxable benefits
    $28,574
    Filer's total
    $340,190

  • Matthew Henry Berendsen

    VICE PRESIDENT, LENDING

    Total calculated
    $325,261
    From this org
    $293,268
    From related orgs
    $0
    Other
    $31,993
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $239,566
    Bonus
    $47,851
    Other
    $5,851
    Deferred
    $3,017
    Nontaxable benefits
    $28,976
    Filer's total
    $325,261

  • Grant David Dykstra

    BUSINESS BANKING SENIOR LOAN OFFICER

    Total calculated
    $324,675
    From this org
    $281,706
    From related orgs
    $0
    Other
    $42,969
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,218
    Bonus
    $94,756
    Other
    $732
    Deferred
    $14,395
    Nontaxable benefits
    $28,574
    Filer's total
    $324,675

  • David Pierce Jones

    CHIEF MARKETING OFFICER

    Total calculated
    $319,393
    From this org
    $278,242
    From related orgs
    $0
    Other
    $41,151
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $226,107
    Bonus
    $43,200
    Other
    $8,935
    Deferred
    $30,500
    Nontaxable benefits
    $10,651
    Filer's total
    $319,393

  • Kent Bouma

    VICE PRESIDENT, BUSINESS BANKING

    Total calculated
    $318,149
    From this org
    $289,575
    From related orgs
    $0
    Other
    $28,574
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $239,969
    Bonus
    $47,851
    Other
    $1,755
    Deferred
    $0
    Nontaxable benefits
    $28,574
    Filer's total
    $318,149

  • Bolortsetseg Smith

    VICE PRESIDENT, INTERNAL AUDIT

    Total calculated
    $255,833
    From this org
    $223,880
    From related orgs
    $0
    Other
    $31,953
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,413
    Bonus
    $37,030
    Other
    $1,437
    Deferred
    $2,878
    Nontaxable benefits
    $29,075
    Filer's total
    $255,833

  • Donavon Lee Swinney

    DIRECTOR, INFORMATION SECURITY

    Total calculated
    $251,108
    From this org
    $209,142
    From related orgs
    $0
    Other
    $41,966
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,479
    Bonus
    $18,198
    Other
    $1,465
    Deferred
    $12,891
    Nontaxable benefits
    $29,075
    Filer's total
    $251,108

  • David Leroy Dodge

    DIRECTOR, IT INFRASTRUCTURE

    Total calculated
    $241,462
    From this org
    $200,403
    From related orgs
    $0
    Other
    $41,059
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,784
    Bonus
    $17,194
    Other
    $1,425
    Deferred
    $30,500
    Nontaxable benefits
    $10,559
    Filer's total
    $241,462

  • Paul Cover

    RE LOAN ORIGINATION OFFICER

    Total calculated
    $241,331
    From this org
    $195,081
    From related orgs
    $0
    Other
    $46,250
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $31,672
    Bonus
    $162,638
    Other
    $771
    Deferred
    $19,356
    Nontaxable benefits
    $26,894
    Filer's total
    $241,331

  • Kerri Lyn Helm

    DIRECTOR, DIGITAL PRODUCTS

    Total calculated
    $228,731
    From this org
    $200,157
    From related orgs
    $0
    Other
    $28,574
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,103
    Bonus
    $16,599
    Other
    $1,455
    Deferred
    $0
    Nontaxable benefits
    $28,574
    Filer's total
    $228,731

  • Gabriel Mast

    CHAIR

    Total calculated
    $36,871
    From this org
    $36,871
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Kurt Willis

    VICE CHAIR

    Total calculated
    $32,066
    From this org
    $32,066
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Kristi Lewis Tyran

    DIRECTOR

    Total calculated
    $30,263
    From this org
    $30,263
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Carol Lager

    SECRETARY

    Total calculated
    $28,900
    From this org
    $28,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Dale Zender

    DIRECTOR

    Total calculated
    $28,392
    From this org
    $28,392
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Ashok Khanna

    DIRECTOR

    Total calculated
    $25,150
    From this org
    $25,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Margo Hammond

    DIRECTOR

    Total calculated
    $25,150
    From this org
    $25,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Stephanie Morrell

    DIRECTOR

    Total calculated
    $25,150
    From this org
    $25,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • John Sternlicht

    DIRECTOR

    Total calculated
    $18,934
    From this org
    $18,934
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • David Waschke

    DIRECTOR (THRU 6/30/24)

    Total calculated
    $12,432
    From this org
    $12,432
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $166,494,738
    Expenses
    $154,291,742
    Contributions
    $0
    Grants paid
    $334,397
  • 2023
    Revenue
    $138,092,209
    Expenses
    $119,310,663
    Contributions
    $0
    Grants paid
    $364,991
  • 2022
    Revenue
    $98,737,059
    Expenses
    $68,523,716
    Contributions
    $0
    Grants paid
    $253,917

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $85,746,120
    Expenses
    $64,051,386
    Assets (EOY)
    $2,491,858,278

  • 2020 · 990

    Revenue
    $85,917,838
    Expenses
    $71,003,755
    Assets (EOY)
    $2,136,316,633

  • 2019 · 990

    Revenue
    $86,913,366
    Expenses
    $72,182,050
    Assets (EOY)
    $1,712,782,397

  • 2018 · 990

    Revenue
    $81,002,988
    Expenses
    $67,030,910
    Assets (EOY)
    $1,608,031,120

  • 2017 · 990

    Revenue
    $70,172,399
    Expenses
    $51,547,262
    Assets (EOY)
    $1,482,247,013

  • 2016 · 990

    Revenue
    $62,872,274
    Expenses
    $47,429,375
    Assets (EOY)
    $1,367,927,360

  • 2015 · 990

    Revenue
    $54,990,783
    Expenses
    $41,471,469
    Assets (EOY)
    $1,225,832,214

  • 2014 · 990

    Revenue
    $51,454,248
    Expenses
    $40,141,708
    Assets (EOY)
    $1,082,297,679

  • 2013 · 990

    Revenue
    $50,937,148
    Expenses
    $37,199,212
    Assets (EOY)
    $977,324,219

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $37,675,996
    Assets (EOY)
    $883,830,603

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Form 990-N e-Postcard, tax year 2025

Tax period
1 January 2025 to 31 December 2025
Principal officer
Claire McElroy
Mailing address
PO Box 1466Ferndale WA 98230

As filed, from the IRS e-Postcard file of 2 November 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.

Grants made

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.