- Revenue 2024
- $1,776,584,337
- Expenses 2024
- $1,536,607,880
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 14
- Classification
- 1000
- Street
- 12770 GATEWAY DR S
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
AS A COOPERATIVE WE BRING PEOPLE TOGETHER TO IMPROVE THE FINANCIAL WELL-BEING OF OUR MEMBERS AND THEIR COMMUNITIES.
-
TOTAL 1,514,773 MEMBERS INCLUDING 120,000 NEW MEMBERS FOR 2024; 148,102 LOANS ORIGINATED TOTALLING $6,400,000,000.
As filed on the 2024 return.
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.
-
Debra Somberg
Director Chairperson
- Total calculated
- $154,375
- From this org
- $154,375
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6
-
Bill Longbrake
Director
- Total calculated
- $126,250
- From this org
- $126,250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6
-
Denis Farmer
Director
- Total calculated
- $113,750
- From this org
- $113,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6
-
John McMurray
Director
- Total calculated
- $131,305
- From this org
- $131,305
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6
-
Manolo Sanchez
Director
- Total calculated
- $113,750
- From this org
- $113,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6
-
Matthew Oppenheimer
Director
- Total calculated
- $126,250
- From this org
- $126,250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6
-
Patrick Smith
Director
- Total calculated
- $120,261
- From this org
- $120,261
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6
-
Susan Ehrlich
Director
- Total calculated
- $65,481
- From this org
- $65,481
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6
-
Vanessa Pegueros
Director
- Total calculated
- $113,750
- From this org
- $113,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6
-
John Benson Porter
Former President CEO
- Total calculated
- $930,655
- From this org
- $926,229
- From related orgs
- $0
- Other
- $4,426
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $745,025
- Bonus
- $181,203
- Other
- $0
- Deferred
- $4,215
- Nontaxable benefits
- $212
- Filer's total
- $930,655
-
Beverly Anderson
President CEO
- Total calculated
- $2,708,879
- From this org
- $2,617,610
- From related orgs
- $0
- Other
- $91,269
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $744,264
- Bonus
- $1,866,977
- Other
- $6,369
- Deferred
- $75,693
- Nontaxable benefits
- $15,577
- Filer's total
- $2,708,880
-
Melba Bartels
EVP Chief Financial Officer
- Total calculated
- $2,142,715
- From this org
- $2,121,166
- From related orgs
- $0
- Other
- $21,549
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $169,398
- Bonus
- $1,459,637
- Other
- $492,131
- Deferred
- $11,523
- Nontaxable benefits
- $10,027
- Filer's total
- $2,142,716
-
Drew Wolff
EVP Chief Financial Officer
- Total calculated
- $687,100
- From this org
- $601,509
- From related orgs
- $0
- Other
- $85,591
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $598,502
- Bonus
- $0
- Other
- $3,007
- Deferred
- $71,318
- Nontaxable benefits
- $14,273
- Filer's total
- $687,100
-
Mike Ryan
EVP Chief Legal Officer and General Counsel
- Total calculated
- $634,919
- From this org
- $571,476
- From related orgs
- $0
- Other
- $63,443
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $388,769
- Bonus
- $180,401
- Other
- $2,306
- Deferred
- $37,449
- Nontaxable benefits
- $25,994
- Filer's total
- $634,919
-
Shawna Thompson
EVP Head of Operations
- Total calculated
- $565,516
- From this org
- $550,836
- From related orgs
- $0
- Other
- $14,680
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $381,342
- Bonus
- $152,817
- Other
- $16,677
- Deferred
- -$16,015
- Nontaxable benefits
- $30,696
- Filer's total
- $565,517
-
Michael Scott Strand
EVP Chief Operating Officer
- Total calculated
- $1,971,464
- From this org
- $1,957,229
- From related orgs
- $0
- Other
- $14,235
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $202,815
- Bonus
- $634,861
- Other
- $1,119,553
- Deferred
- $8,876
- Nontaxable benefits
- $5,359
- Filer's total
- $1,971,464
-
John Stewart
EVP Chief Risk Officer
- Total calculated
- $828,369
- From this org
- $762,524
- From related orgs
- $0
- Other
- $65,845
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $453,860
- Bonus
- $288,587
- Other
- $20,077
- Deferred
- $34,584
- Nontaxable benefits
- $31,262
- Filer's total
- $828,370
-
Nathan Ramachandran
EVP Chief Technology Officer
- Total calculated
- $1,039,400
- From this org
- $930,493
- From related orgs
- $0
- Other
- $108,907
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $561,235
- Bonus
- $361,015
- Other
- $8,243
- Deferred
- $85,261
- Nontaxable benefits
- $23,646
- Filer's total
- $1,039,400
-
Douglas Marshall
EVP Chief Product Digital Officer
- Total calculated
- $1,007,405
- From this org
- $981,811
- From related orgs
- $0
- Other
- $25,594
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $241,858
- Bonus
- $212,976
- Other
- $526,977
- Deferred
- $11,750
- Nontaxable benefits
- $13,844
- Filer's total
- $1,007,405
-
Jason Rudman
EVP Chief Membership Experience Officer
- Total calculated
- $885,486
- From this org
- $786,940
- From related orgs
- $0
- Other
- $98,546
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $517,389
- Bonus
- $200,000
- Other
- $69,551
- Deferred
- $69,364
- Nontaxable benefits
- $29,182
- Filer's total
- $885,486
-
Raquel Karls
EVP Chief People Officer
- Total calculated
- $705,140
- From this org
- $604,425
- From related orgs
- $0
- Other
- $100,715
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $451,082
- Bonus
- $150,000
- Other
- $3,343
- Deferred
- $67,597
- Nontaxable benefits
- $33,118
- Filer's total
- $705,140
-
Beth Hale
EVP Chief Consumer and Business Solutions Officer
- Total calculated
- $841,726
- From this org
- $739,441
- From related orgs
- $0
- Other
- $102,285
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $595,497
- Bonus
- $0
- Other
- $143,944
- Deferred
- $78,963
- Nontaxable benefits
- $23,322
- Filer's total
- $841,726
-
Rick Eiel
EVP Chief Data and Analytics Officer
- Total calculated
- $1,154,115
- From this org
- $1,051,060
- From related orgs
- $0
- Other
- $103,055
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $484,969
- Bonus
- $561,935
- Other
- $4,156
- Deferred
- $78,426
- Nontaxable benefits
- $24,629
- Filer's total
- $1,154,115
-
Thomas Berquist
Former EVP Chief Marketing Officer
- Total calculated
- $1,208,316
- From this org
- $1,208,316
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $1,208,316
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $1,208,316
-
Melanie Walsh
Former EVP Chief Administrative Officer
- Total calculated
- $200,840
- From this org
- $200,840
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $200,084
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $200,084
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
- $1,776,584,337
- Expenses
- $1,536,607,880
- Contributions
- $0
- Grants paid
- $9,910,569
-
2023
- Revenue
- $1,537,981,153
- Expenses
- $1,358,881,191
- Contributions
- $0
- Grants paid
- $9,008,439
-
2022
- Revenue
- $1,076,116,183
- Expenses
- $879,646,068
- Contributions
- $0
- Grants paid
- $8,928,955
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
- $992,196,351
- Expenses
- $737,944,717
- Assets (EOY)
- $30,156,698,461
-
2020 · 990
- Revenue
- $946,571,736
- Expenses
- $783,626,413
- Assets (EOY)
- $26,751,027,006
-
2020 · 990
- Revenue
- $946,571,736
- Expenses
- $783,626,413
- Assets (EOY)
- $26,751,027,006
-
2019 · 990
- Revenue
- $1,014,880,283
- Expenses
- $739,519,649
- Assets (EOY)
- $22,178,675,264
-
2018 · 990
- Revenue
- $861,138,238
- Expenses
- $607,945,962
- Assets (EOY)
- $19,588,565,098
-
2018 · 990
- Revenue
- $861,138,238
- Expenses
- $607,945,962
- Assets (EOY)
- $19,588,565,098
-
2017 · 990
- Revenue
- $728,457,623
- Expenses
- $522,543,830
- Assets (EOY)
- $17,840,296,958
-
2016 · 990
- Revenue
- $633,912,726
- Expenses
- $423,949,096
- Assets (EOY)
- $16,355,135,100
-
2015 · 990
- Revenue
- $565,501,796
- Expenses
- $368,221,075
- Assets (EOY)
- $14,475,850,637
-
2014 · 990
- Revenue
- $507,813,618
- Expenses
- $327,009,492
- Assets (EOY)
- $13,052,033,881
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
-
Caley Cook
- Mailing address
- 102 COM Building UW Box 353740Seattle WA 98195
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
-
$2,292,848
2024 OPERATIONS FOR THE BECU FOUNDATION
-
$2,283,772
2023 OPERATIONS FOR THE BECU FOUNDATION
-
$2,281,896
2022 OPERATIONS FOR THE BECU FOUNDATION
-
AMERICAN ONLINE GIVING FOUNDATION INC
$1,150,000
2024 DONATION
-
2022 EMPLOYEE MATCHING DONATIONS
-
2023 DONATION
-
$592,818
2023 SUPPORT
-
$543,351
2024 DONATION
-
$463,386
2023 DONATION
-
KEXP
$340,302
2022 DONATION
The 10 largest by cash amount. The API serves every itemized grant.
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.
Related organizations
From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.
Declared on its 2024 return
-
501(C)(3) · See Statement · WA
Taxable family
From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.
Disregarded entities on its 2023 return
-
EMPLOYEE BENEFIT FUNDING TRUST
EMPLOYEE MEDICAL & PAID TIME-OFF BENEFIT OBLIGATIONS · WA · income $30,537,637 · assets $546,402,927
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.