Civic Intelligence

Iq Credit Union

EIN 91-0576399 • 501(c)14 • Vancouver, WA

Profile

To provide a full complement of quality financial services in a convenient, efficient, friendly, secure and profitable manner which meets the need of the membership.

PO Box 1739Vancouver, WA 98668-1739

www.iqcu.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

31st percentile

0.90x

Higher debt load relative to assets than 31% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

27th percentile

14.06x

Higher debt load relative to revenue than 27% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Net Margin

82nd percentile

17%

Higher net margin than 82% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

14th percentile

-2.4%

Faster asset growth than 14% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

13%

Faster revenue growth than 26% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,014,416,592

Down $50,417,682 (-2.4%) from 2023

Liabilities

Down

$1,809,184,689

Down $76,269,489 (-4.0%) from 2023

Net Assets

Up

$205,231,903

Up $25,851,807 (+14%) from 2023

Revenue

Up

$128,694,198

Up $14,310,552 (+13%) from 2023

Expenses

Down

$107,438,006

Down $857,749 (-0.8%) from 2023

Net Income

Up

$21,256,192

Up $15,168,301 (+249%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0B$2.0B$1.0B$0Assets 2010: $433,545,031Liabilities 2010: $404,243,490Net Assets 2010: $29,301,5412010Assets 2011: $451,327,410Liabilities 2011: $418,136,707Net Assets 2011: $33,190,7032011Assets 2012: $483,777,067Liabilities 2012: $446,576,257Net Assets 2012: $37,200,8102012Assets 2013: $508,467,996Liabilities 2013: $467,163,703Net Assets 2013: $41,304,2932013Assets 2014: $746,799,732Liabilities 2014: $684,181,848Net Assets 2014: $62,617,8842014Assets 2015: $821,773,803Liabilities 2015: $752,346,691Net Assets 2015: $69,427,1122015Assets 2016: $919,609,475Liabilities 2016: $840,192,981Net Assets 2016: $79,416,4942016Assets 2017: $978,757,522Liabilities 2017: $887,587,832Net Assets 2017: $91,169,6902017Assets 2018: $1,105,731,125Liabilities 2018: $998,146,240Net Assets 2018: $107,584,8852018Assets 2019: $1,218,686,586Liabilities 2019: $1,096,573,053Net Assets 2019: $122,113,5332019Assets 2020: $1,533,211,130Liabilities 2020: $1,396,010,120Net Assets 2020: $137,201,0102020Assets 2021: $1,792,465,816Liabilities 2021: $1,638,402,933Net Assets 2021: $154,062,8832021Assets 2022: $2,008,224,369Liabilities 2022: $1,840,459,272Net Assets 2022: $167,765,0972022Assets 2023: $2,064,834,274Liabilities 2023: $1,885,454,178Net Assets 2023: $179,380,0962023Assets 2024: $2,014,416,592Liabilities 2024: $1,809,184,689Net Assets 2024: $205,231,9032024

Highlighted filing

2024

Assets$2,014,416,592
Liabilities$1,809,184,689
Net Assets$205,231,903

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0Expenses 2010: $26,448,2882010Expenses 2011: $23,161,7902011Revenue 2012: $25,765,330Expenses 2012: $21,046,982Net Income 2012: $4,718,3482012Revenue 2013: $26,305,939Expenses 2013: $21,574,816Net Income 2013: $4,731,1232013Revenue 2014: $32,376,270Expenses 2014: $27,109,129Net Income 2014: $5,267,1412014Revenue 2015: $39,783,577Expenses 2015: $32,893,813Net Income 2015: $6,889,7642015Revenue 2016: $45,242,210Expenses 2016: $34,214,291Net Income 2016: $11,027,9192016Revenue 2017: $51,969,336Expenses 2017: $40,230,056Net Income 2017: $11,739,2802017Revenue 2018: $61,409,888Expenses 2018: $44,684,893Net Income 2018: $16,724,9952018Revenue 2019: $68,078,628Expenses 2019: $53,478,674Net Income 2019: $14,599,9542019Revenue 2020: $75,016,143Expenses 2020: $59,297,085Net Income 2020: $15,719,0582020Revenue 2021: $77,633,682Expenses 2021: $58,167,316Net Income 2021: $19,466,3662021Revenue 2022: $92,392,104Expenses 2022: $68,013,244Net Income 2022: $24,378,8602022Revenue 2023: $114,383,646Expenses 2023: $108,295,755Net Income 2023: $6,087,8912023Revenue 2024: $128,694,198Expenses 2024: $107,438,006Net Income 2024: $21,256,1922024

Highlighted filing

2024

Revenue$128,694,198
Expenses$107,438,006
Net Income$21,256,192

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,014$1,809$205$129$107$21.3
2023Summary only. Only limited summary data is available for this year.$2,065$1,885$179$114$108$6.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,008$1,840$168$92.4$68.0$24.4
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,792$1,638$154$77.6$58.2$19.5
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,533$1,396$137$75.0$59.3$15.7
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,219$1,097$122$68.1$53.5$14.6
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,106$998$108$61.4$44.7$16.7
2017Summary only. Only limited summary data is available for this year.$979$888$91.2$52.0$40.2$11.7
2016Summary only. Only limited summary data is available for this year.$920$840$79.4$45.2$34.2$11.0
2015Detailed filing. Detailed filing data is available for this year.$822$752$69.4$39.8$32.9$6.89
2014Detailed filing. Detailed filing data is available for this year.$747$684$62.6$32.4$27.1$5.27
2013Detailed filing. Detailed filing data is available for this year.$508$467$41.3$26.3$21.6$4.73
2012Summary only. Only limited summary data is available for this year.$484$447$37.2$25.8$21.0$4.72
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$451$418$33.2$23.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$434$404$29.3$26.4
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2020 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$75,016,143
Mission and Program Overview

Mission

To provide a full complement of quality financial services in a convenient, efficient, friendly, secure and profitable manner which meets the need of the membership.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$927,359,780$1,075,459,943▲ $148,100,163
Savings and Temporary Cash Investments$199,419,399$249,627,281▲ $50,207,882
Rtn Earn Endowment Incm Other Fnds$122,113,533$137,201,010▲ $15,087,477
Investments in Publicly Traded Securities$12,893,194$110,294,101▲ $97,400,907
Land, Buildings, and Equipment, Net$26,040,527$25,299,002▼ $741,525
Prepaid Expenses and Deferred Charges$15,720,447$15,552,240▼ $168,207
Cash and Non-Interest-Bearing Accounts$7,925,829$7,909,951▼ $15,878
Investments Other Securities$4,611,659$5,374,271▲ $762,612
Intangible Assets$10,356$0▼ $10,356
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,218,686,586$1,533,211,130▲ $314,524,544
Other Assets Total$24,705,395$43,694,341▲ $18,988,946
Liabilities
Other Liabilities$1,080,443,367$1,380,623,975▲ $300,180,608
Accounts Payable and Accrued Expenses$16,129,686$15,386,145▼ $743,541
Total Liabilities$1,096,573,053$1,396,010,120▲ $299,437,067
Net Assets / Fund Balance
Total Net Assets Fund Balance$122,113,533$137,201,010▲ $15,087,477
Total Liabilities and Net Assets / Fund Balance$1,218,686,586$1,533,211,130▲ $314,524,544

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,383,502$6,335,096$19,718,598
Equipment$3,761,301$9,487,625$13,248,926
Leasehold Improvements$2,788,902$8,429,777$11,218,679
Land$4,972,048-$4,972,048
Other Land Buildings$393,249$2,159,009$2,552,258
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kelly SchraderCEO & PresidentFT$584,049$674,317$1,258,366
Michael BoothSenior Mortgage Loan OfficerFT$199,667$595,487$795,154
Melanie JosephsonMortgage Loan OfficerFT$101,527$427,250$528,777
Danette LachapelleSVP of CommunicationFT$160,298$226,324$386,622
Kari StansberrySVP of Human ResourcesFT$162,317$171,498$333,815
Dewayne LedbetterSVP/chief Financial OfficerFT$237,670$38,903$276,573
Eric PetraccaChief Operations OfficerFT$204,970$60,631$265,601
Gayle GustafsonSenior VP Lending/CLOFT$187,177$49,007$236,184
Jamie DotsonMortgage Loan OfficerFT$61,400$155,197$216,597
Denis MarshVP of Insurance ServicesFT$158,680$47,521$206,201
Dianne SmithVP of Mortgage ServicesFT$148,272$29,774$178,046
Ali MigakiSVP Retail DeliveryFT$133,432$31,826$165,258
Doug LehrmanBoard ChairmanPT$21,125-$21,125
Joseph NuttingBoard Treasurer-$17,956-$17,956
Sharon EastmanBoard Secretary-$17,956-$17,956
Evie GrendahlBoard Member-$16,329-$16,329
Don KittermanBoard Member-$14,788-$14,788
Jil ClickBoard Member-$14,788-$14,788
Jim AskeyBoard Member-$14,788-$14,788
Joan DurginBoard Member-$14,788-$14,788
Steve PorterBoard Member-$14,788-$14,788
Jim ChurchBoard Vice Chairman (thru 03/20)-$9,220-$9,220

Highest Paid Contractors

ContractorServicesLocationCompensation
Pscu IncorporatedCard Services560 CARILLON PARKWAY, St Petersburg, FL 33716$1,496,597
Alkami Technology INCOnline BankingPO BOX 122223, Dallas, TX 75312-2223$959,819
Meridian Link INCLoan Processing FeesPO BOX 846822, Los Angeles, CA 90084-6822$657,858
Financial Asset Services INCMortgage Appraisals17752 MITCHELL AVE STE A, Irvine, CA 92614$495,925
Xpress Data INCMember Statement Processor10983 VIA FRONTERA, San Diego, CA 92127$429,162
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$71,903,039
Investment Income
$1,168,529
Other Revenue
$1,944,575
Change in Net Assets
$15,719,058
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$34,587,706
Salaries, Compensation, and Employee Benefits$24,625,379
Grants and Similar Amounts Paid$84,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$17,987,169
Interest---$4,993,544
All Other Expenses---$3,624,836
Current Officers, Directors, Trustees, and Key Employees---$3,078,944
Depreciation Depletion---$2,617,235
Advertising---$1,696,219
Other Employee Benefits---$1,679,969
Occupancy---$1,587,208
Office Expenses---$1,431,207
Payroll Taxes---$1,313,060
Fees for Services Other---$1,203,215
Pension Plan Contributions---$566,237
Fees for Services Accounting---$232,613
Insurance---$178,266
Grants to Domestic Orgs---$74,000
Fees for Services Legal---$56,008
Travel---$46,788
Other Expenses---$14,354
Conferences and Meetings---$14,202
Grants to Domestic Individuals---$10,000
Total Functional Expenses$0$0$0$59,297,085
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Greater Vancouver Chamber of CommerceVancouver, WA501(c)(6)General Support$25,000
Foundation for Vancouver Public SchoolsVancouver, WA501(c)(3)General Support$20,000
Why RacingVancouver, WA501(c)(3)General Support$18,000
Parks FoundationVancouver, WA501(c)(3)General Support$6,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares/deposits$1,380,623,975
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The credit union members elect members of the governing body.

Form 990, Part VI, Section A, Line 7A

The credit union has members and each member can vote.

Form 990, Part VI, Section A, Line 7B

Decisions of the governing body are subject to approval by members and regulators.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the cfo prior to filing.

Form 990, Part VI, Section B, Line 12C

The credit union has a conflict of interest policy, and employees and board members annually acknowledge they comply with all credit union policies. The conflict of interest policy outlines steps taken by officials when a conflict arises, which include the conflicted party abstaining from a related voting item. Employees are not allowed to receive a personal benefit from any transaction with a vendor, customer or supplier doing business with the credit union.

Form 990, Part VI, Section B, Line 15A

Ceo salary is determined after review and approval by the executive committee, which is independent of the ceo. The committee's review includes salary data from at least two salary surveys. Minutes are kept to document the discussion and final decision. This process was last undertaken january 2019.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Iq Credit Union
EIN
91-0576399
Phone
3606953441
Address
PO BOX 1739, VANCOUVER, WA 98668-1739

Signing Officer

Name
Dan Medak
Title
CFO
Phone
3606953441
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Petracca
Formed
1940
Legal Domicile
Wa
Voting Board Members
9
Independent Board Members
9
Employees
406
Volunteers
27

Preparer

Firm
Moss Adams Llp
Address
805 SW BROADWAY STE 1200, PORTLAND, OR 97205
Preparer
Wendy Campos
Phone
5032421447
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Other comprehensive income/equity true-up -822,065. Partnership passthrough book/tax difference -37,823.

Raw XML AppendixShowing 400 of 834 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsPayableAccrExpnssGrp/EOYAmt015386145
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE A FULL COMPLEMENT OF QUALITY FINANCIAL SERVICES IN A CONVENIENT, EFFICIENT, FRIENDLY, SECURE AND PROFITABLE MANNER WHICH MEETS THE NEED OF THE MEMBERSHIP.
IRS990/AdvertisingGrp/TotalAmt01696219
IRS990/AllOtherExpensesGrp/TotalAmt03624836
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IRS990/BooksInCareOfDetail/PhoneNum03607593138
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IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt01496597
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IRS990/ContractorCompensationGrp/CompensationAmt4429162
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2PO BOX 846822
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2MERIDIAN LINK INC
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
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IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd2X
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IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1012600
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt119649
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1230955
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1342094
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1434543
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1719800
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt189056
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2016098
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IRS990/Form990PartVIISectionAGrp/PersonNm3JIM CHURCH
IRS990/Form990PartVIISectionAGrp/PersonNm4EVIE GRENDAHL
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IRS990/Form990PartVIISectionAGrp/PersonNm6JIL CLICK
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IRS990/Form990PartVIISectionAGrp/PersonNm9STEVE PORTER
IRS990/Form990PartVIISectionAGrp/PersonNm10KELLY SCHRADER
IRS990/Form990PartVIISectionAGrp/PersonNm11DEWAYNE LEDBETTER
IRS990/Form990PartVIISectionAGrp/PersonNm12DANETTE LACHAPELLE
IRS990/Form990PartVIISectionAGrp/PersonNm13KARI STANSBERRY
IRS990/Form990PartVIISectionAGrp/PersonNm14ERIC PETRACCA
IRS990/Form990PartVIISectionAGrp/PersonNm15GAYLE GUSTAFSON
IRS990/Form990PartVIISectionAGrp/PersonNm16ALI MIGAKI
IRS990/Form990PartVIISectionAGrp/PersonNm17MICHAEL BOOTH
IRS990/Form990PartVIISectionAGrp/PersonNm18MELANIE JOSEPHSON
IRS990/Form990PartVIISectionAGrp/PersonNm19JAMIE DOTSON
IRS990/Form990PartVIISectionAGrp/PersonNm20DENIS MARSH
IRS990/Form990PartVIISectionAGrp/PersonNm21DIANNE SMITH
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
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IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD VICE CHAIRMAN (THRU 03/20)
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10CEO & PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11SVP/CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt12SVP OF COMMUNICATION
IRS990/Form990PartVIISectionAGrp/TitleTxt13SVP OF HUMAN RESOURCES
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF OPERATIONS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15SENIOR VP LENDING/CLO
IRS990/Form990PartVIISectionAGrp/TitleTxt16SVP RETAIL DELIVERY
IRS990/Form990PartVIISectionAGrp/TitleTxt17SENIOR MORTGAGE LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt18MORTGAGE LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt19MORTGAGE LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt20VP OF INSURANCE SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP OF MORTGAGE SERVICES
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IRS990/MissionDesc0TO PROVIDE A FULL COMPLEMENT OF QUALITY FINANCIAL SERVICES IN A CONVENIENT, EFFICIENT, FRIENDLY, SECURE AND PROFITABLE MANNER WHICH MEETS THE NEED OF THE MEMBERSHIP.
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
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