NonprofitsCredit Unions In The State Of Washi Ngton

Credit Unions In The State Of Washi Ngton

BOTHELL, WA

Total revenue

$58.9M

Total expenses

$49.8M

Net assets

$131.6M

Grants received

EIN

916035907

Tax year

2024

Mission

We are a credit union providing financial products & services to members.

Programs

2 programs

The credit union expensed $7,506,406 in provision for loan loss costs for the year. The expense was to fund the accrual for doubtful loans on the balance sheet. The credit union has about 36,000 open loan accounts.

The credit union expensed $1,357,431 during the year for loan servicing costs. These costs were paid to originate and service loans to members. The credit union has about 36,000 open loan accounts.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$48.3M
Investment income$9.1M
Other revenue$1.5M
Total revenue$58.9M

Expenses

Grants paid$25K
Salaries & benefits$12.1M
Fundraising
Other expenses$37.7M
Total expenses$49.8M
Total assets$832.4M
Net assets$131.6M

People

19 listed

NameRoleCompensation

MICHAEL G ELFSTROM

PRESIDENT

Board

$448K

40 hrs/wk

BROOK HAMILTON

CFO

Board

$69K

40 hrs/wk

MITCH JOHNSON

BOARD CHAIRMAN

Board

$3K

4 hrs/wk

ADE' ARIWOOLA

BOARD MEMBER

Board

$2K

3 hrs/wk

TRACY OSTER

BOARD MEMBER

Board

$2K

3 hrs/wk

LEANNE CALIFANO

BOARD VICE CHAIR

Board

$2K

3 hrs/wk

CHERYL SILVA

BOARD MEMBER

Board

$2K

3 hrs/wk

KIM BROWN

BOARD MEMBER

Board

$1K

3 hrs/wk

DOUG SCOTT

BOARD SECRETARY/TREASURER

Board

$717

3 hrs/wk

KIM ZIER

BOARD MEMBER (THRU 4/24)

Board

3 hrs/wk

NOEL MCMURTRAY

BOARD MEMBER

Board

3 hrs/wk

RUSS DE WOLFE

BOARD MEMBER

Board

3 hrs/wk

ROSHALLE DEARMENT

SVP OF LENDING

Staff

$227K

40 hrs/wk

MICHAEL BISHOP

SVP OF OPERATIONS

Staff

$210K

40 hrs/wk

JASON BALL

VP OF IT

Staff

$203K

40 hrs/wk

PATIENCE TENNIS

VP OF HR

Staff

$188K

40 hrs/wk

LACINDA BLANCHETTE

VP OF MEMBER ENGAGEMENT

Staff

$187K

40 hrs/wk

WILLIAM HANAFORD

INVESTMENT ADVISOR

Staff

$143K

40 hrs/wk

CARLA PIZARRO

DIR. BUSINESS SOLUTIONS/AUDIT

Staff

$134K

40 hrs/wk

Independent contractors

JACK HENRY AND ASSOCIATES

CORE BANKING SYSTEM/CARD

$1.5M

VISA

CREDIT CARD PROCESSOR

$803K

ALKAMI TECHNOLOGY

BILL PAYER

$752K

CO-OP FINANCIAL SERVICES

SHARED BRANCHING

$556K

KAYE SMITH

PRINTING SERVICES

$472K

Details

EIN916035907
Subsection14
Ruling date1954-07
Formed1997
Employees159
Volunteers11
CREDIT UNIONS IN THE STATE OF WASHI NGTON — Mission, Financials & Grants Received | Grantivo