Civic Intelligence

Whatcom Educational Credit Union

990 • Fiscal year 2021 • EIN 91-0712539

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 29, 2022

Organization ProfileWWW.WECU.COM

View Organization Page

21 Bellwether Way 111Bellingham, WA 98225

(360) 676-1168

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.88x

Higher debt load relative to assets than 13% of similar nonprofits.

2021 filings • 501(c)14 • $1B+ nonprofits • Source year 2021

Liabilities / Revenue

75th percentile

25.62x

Higher debt load relative to revenue than 75% of similar nonprofits.

2021 filings • 501(c)14 • $1B+ nonprofits • Source year 2021

Net Margin

63rd percentile

25%

Higher net margin than 63% of similar nonprofits.

2021 filings • 501(c)14 • $1B+ nonprofits • Source year 2021

Top Officer Pay

42nd percentile

$807,506

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2021 filings • 501(c)14 • $1B+ nonprofits • Source year 2021

Asset Growth

80th percentile

17%

Faster asset growth than 80% of similar nonprofits.

2021 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2020 to 2021

Revenue Growth

35th percentile

-0.2%

Faster revenue growth than 35% of similar nonprofits.

2021 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$2,491,858,278

Up $355,541,645 (+17%) from 2020

Net Assets

Up

$295,279,348

Up $21,306,440 (+7.8%) from 2020

Liabilities

Up

$2,196,578,930

Up $334,235,205 (+18%) from 2020

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin63rd percentile

Revenue

Down

$85,746,120

Down $171,718 (-0.2%) from 2020

Expenses

Down

$64,051,386

Down $6,952,369 (-9.8%) from 2020

Net Income

Up

$21,694,734

Up $6,780,651 (+45%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0B$2.0B$1.0B$0Assets 2010: $706,976,500Liabilities 2010: $580,879,054Net Assets 2010: $126,097,4462010Assets 2011: $776,647,224Liabilities 2011: $637,304,152Net Assets 2011: $139,343,0722011Assets 2012: $883,830,603Liabilities 2012: $727,119,759Net Assets 2012: $156,710,8442012Assets 2013: $977,324,219Liabilities 2013: $806,368,475Net Assets 2013: $170,955,7442013Assets 2014: $1,082,297,679Liabilities 2014: $899,918,440Net Assets 2014: $182,379,2392014Assets 2015: $1,225,832,214Liabilities 2015: $1,030,122,679Net Assets 2015: $195,709,5352015Assets 2016: $1,367,927,360Liabilities 2016: $1,156,494,807Net Assets 2016: $211,432,5532016Assets 2017: $1,482,247,013Liabilities 2017: $1,251,443,616Net Assets 2017: $230,803,3972017Assets 2018: $1,608,031,120Liabilities 2018: $1,363,703,611Net Assets 2018: $244,327,5092018Assets 2019: $1,712,782,397Liabilities 2019: $1,453,723,572Net Assets 2019: $259,058,8252019Assets 2020: $2,136,316,633Liabilities 2020: $1,862,343,725Net Assets 2020: $273,972,9082020Assets 2021: $2,491,858,278Liabilities 2021: $2,196,578,930Net Assets 2021: $295,279,3482021Assets 2022: $2,507,427,609Liabilities 2022: $2,190,539,001Net Assets 2022: $316,888,6082022Assets 2023: $2,766,280,343Liabilities 2023: $2,430,302,080Net Assets 2023: $335,978,2632023Assets 2024: $2,957,165,947Liabilities 2024: $2,607,584,743Net Assets 2024: $349,581,2042024

Highlighted filing

2021

Assets$2,491,858,278
Liabilities$2,196,578,930
Net Assets$295,279,348
Open 2021 Filing

Operations Trend

Revenue Growth35th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$150M$100M$50M$0Expenses 2010: $39,264,2882010Expenses 2011: $36,738,2382011Expenses 2012: $37,675,9962012Revenue 2013: $50,937,148Expenses 2013: $37,199,212Net Income 2013: $13,737,9362013Revenue 2014: $51,454,248Expenses 2014: $40,141,708Net Income 2014: $11,312,5402014Revenue 2015: $54,990,783Expenses 2015: $41,471,469Net Income 2015: $13,519,3142015Revenue 2016: $62,872,274Expenses 2016: $47,429,375Net Income 2016: $15,442,8992016Revenue 2017: $70,172,399Expenses 2017: $51,547,262Net Income 2017: $18,625,1372017Revenue 2018: $81,002,988Expenses 2018: $67,030,910Net Income 2018: $13,972,0782018Revenue 2019: $86,913,366Expenses 2019: $72,182,050Net Income 2019: $14,731,3162019Revenue 2020: $85,917,838Expenses 2020: $71,003,755Net Income 2020: $14,914,0832020Revenue 2021: $85,746,120Expenses 2021: $64,051,386Net Income 2021: $21,694,7342021Revenue 2022: $98,737,059Expenses 2022: $68,523,716Net Income 2022: $30,213,3432022Revenue 2023: $138,092,209Expenses 2023: $119,310,663Net Income 2023: $18,781,5462023Revenue 2024: $166,494,738Expenses 2024: $154,291,742Net Income 2024: $12,202,9962024

Highlighted filing

2021

Revenue$85,746,120
Expenses$64,051,386
Net Income$21,694,734
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 29, 2022
Return Version
2021v4.2
Gross Receipts
$86,617,025
Mission and Program Overview

Mission

Whatcom educational credit union (wecu) is a member-owned 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.

Our mission is to make a meaningful difference in the lives of our members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,490,671,497$1,631,956,993▲ $141,285,496
Savings and Temporary Cash Investments$520,323,854$685,897,687▲ $165,573,833
Rtn Earn Endowment Incm Other Fnds$273,972,908$295,279,348▲ $21,306,440
Investments in Publicly Traded Securities$6,902,982$60,383,966▲ $53,480,984
Land, Buildings, and Equipment, Net$35,895,343$32,559,668▼ $3,335,675
Cash and Non-Interest-Bearing Accounts$32,886,533$28,784,936▼ $4,101,597
Investments Other Securities$11,111,400$12,118,600▲ $1,007,200
Receivables From Officers Etc$11,978,060$12,023,936▲ $45,876
Prepaid Expenses and Deferred Charges$3,178,980$2,508,029▼ $670,951
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,136,316,633$2,491,858,278▲ $355,541,645
Other Assets Total$23,367,984$25,624,463▲ $2,256,479
Liabilities
Other Liabilities$1,810,860,247$2,144,853,999▲ $333,993,752
Accounts Payable and Accrued Expenses$27,664,765$27,400,647▼ $264,118
Mortgage Notes Payable Secured by Investment Property$21,250,000$21,250,000→ $0
Escrow Account Liability$2,568,713$3,074,284▲ $505,571
Total Liabilities$1,862,343,725$2,196,578,930▲ $334,235,205
Net Assets / Fund Balance
Total Net Assets Fund Balance$273,972,908$295,279,348▲ $21,306,440
Total Liabilities and Net Assets / Fund Balance$2,136,316,633$2,491,858,278▲ $355,541,645

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,200,209$10,768,750$26,968,959
Equipment$4,193,832$11,353,114$15,546,946
Land$11,891,388-$11,891,388
Other Land Buildings$265,122-$265,122
Leasehold Improvements$9,117$222,948$232,065
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer E KutcherPresident/CEO/treasurerFT$528,438$279,068$807,506
Jeffrey R DykstraExecutive Vice PresidentFT$307,134$141,777$448,911
Jack IngramChief Information OfficerFT$283,775$148,472$432,247
Nicholas a HodsonChief Financial OfficerFT$247,752$127,829$375,581
Cynthia Chase KleinChief Human Resources OfficerFT$230,785$133,445$364,230
Erynne Maria HallockVP, Retail DeliveryFT$204,469$115,637$320,106
David Pierce JonesChief Marketing OfficerFT$190,256$98,723$288,979
Kent D BoumaVP, Business BankingFT$184,618$94,724$279,342
Matthew Henry BerendsenVP, LendingFT$176,645$88,504$265,149
David DodgeDirector, It InfrastructureFT$152,493$87,769$240,262
Aaron Heath WhitsonCredit AdministratorFT$145,977$85,987$231,964
Grant DykstraBusiness Banking Senior Loan OfficerFT$149,496$77,867$227,363
Glen R BerryDirector, Business IntelligenceFT$150,444$75,724$226,168
Andrew WhaleyDirector, Enterprise ApplicationsFT$146,004$78,651$224,655
Smith Bolortsetseg CVice President, Risk ManagementFT$156,862$54,552$211,414
Gabriel MastSecretary-$915-$915

Board Members and Trustees

NameTitle
Harte BresslerChair
Kristi Lewis TyranVice Chair
Ashok KhannaDirector
Carol LagerDirector
Cathie ObergDirector
Dale ZenderDirector
David WaschkeDirector
Margo HammondDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Fiserv INCCore Software System Provider255 FISERV DR, Brookfield, WI 53045$1,542,926
Infoimage INCMember Statement Processing Services175 S HILL DR, Brisbane, CA 94005$1,326,962
Bankingon INCMobile Banking5613 HWY 290 W STE 300, Austin, TX 78736$825,050
Strategic Resource Management INCConsulting Services5100 POPLAR AVE STE 2500, Memphis, TN 38137-2501$792,060
American Reporting Company LLCAppraisal Services66828 212TH ST SW, Lynnwood, WA 98036$651,317
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$82,560,332
Investment Income
$2,117,729
Other Revenue
$1,068,059
Change in Net Assets
$21,694,734

Audited Revenue Reconciliation

Revenue per Audited Statements
$85,746,120
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$85,746,120
Total Revenue per Form 990
$85,746,120
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$39,047,935
Other Expenses$21,831,956
Grants and Similar Amounts Paid$279,850
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$25,112,566
Other Employee Benefits---$5,299,237
Information Technology---$4,842,879
Current Officers, Directors, Trustees, and Key Employees---$3,794,377
Benefits to Members---$2,891,645
Depreciation Depletion---$2,759,738
Occupancy---$2,693,365
Pension Plan Contributions---$2,573,573
Payroll Taxes---$2,268,182
Office Expenses---$2,265,141
Fees for Services Other---$1,629,990
Advertising---$742,170
Interest---$245,467
Fees for Services Accounting---$206,648
Grants to Domestic Orgs---$204,850
Conferences and Meetings---$180,054
Grants to Domestic Individuals---$75,000
Fees for Services Legal---$70,046
Other Expenses---$38,403
All Other Expenses---$33,999
Travel---$32,253
Fees for Services Lobbying---$17,500
Insurance---$8,900
Total Functional Expenses$0$0$0$64,051,386

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$64,051,386
Total Expenses per Audited Statements$64,051,386
Total Expenses per Form 990$64,051,386
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Communities in Schools of Whatcom CountyBellingham, WA501(c)(3)Education Grant$20,000
Max Higbee Community Recreation CenterBellingham, WA501(c)(3)Education Grant$20,000
Whatcom Literacy CouncilBellingham, WA501(c)(3)Education Grant$20,000
Northwest Alliance for College AccessBellingham, WA501(c)(3)Education Grant$15,000
WHATCOM FAMILY YOUNG MEN'S CHRISTIAN ASSOCIATIONBellingham, WA501(c)(3)Education Grant$15,000
Global Community Institute Dba Explorations AcademyBellingham, WA501(c)(3)Education Grant$10,000
Wild WhatcomBellingham, WA501(c)(3)Education Grant$10,000
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$17,500
Total Exempt Function Spending$17,500

Section 527 Organizations

OrganizationLocationAmount
91-0460483Seatac, WA$17,500
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$11,978,060$12,023,936▲ $45,876
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBERS' SHARE AND SAVINGS ACCOUNT$2,144,514,738
Accrued Pensions and Profit Sharing$339,261
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Jeffrey dykstra and grant dykstra have a family relationship.”

Form 990, Part VI, Section A, Line 6

“Membership is open to anyone who lives, works, worships or attends school in washington, and relatives of all members. The credit union's members receive a share of the organization's profits or excess dues in the form of cash dividends.”

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

“Members of the credit union have the right to elect members of the organization's governing body. Elections are held annually or as vacancies arise.”

Form 990, Part VI, Section A, Line 8B

“The credit union does not have any committees that have authority to act on behalf of the governing body.”

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

“The form 990 is prepared by the organization's public accounting firm based on information provided by management. Once the draft is available, it is reviewed by management and any changes incorporated into the filing. Once this detailed review is complete, the draft of the form 990 is presented to the board of directors for their review and comments prior to filing with the irs.”

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

“Wecu's conflict of interest policy focuses on defining and preventing conflicts of interest. Before engaging in any activity, transaction, or before entering into any relationship that might give rise to a conflict of interest, employees must seek review from their managers, the internal auditor, or the human resources deptartment. Wecu's human resources department, staff liaison, and internal auditor are responsible for ensuring that no conflict of interests occur that could have a negative effect on wecu. If anyone suspects a conflict of interest, it is reported to management, the staff liaison, the human resources department, or the internal auditor. Wecu has various annual reviews and controls in place to monitor situations in which a conflict of interest might arise, which are performed by management, or our internal auditor.”

Form 990, Part VI, Section B, Line 15

“Compensation for the president/ceo is determined by the details of the employment contract set forth between the board of directors and the president/ceo and provided for in the annual wecu ceo compensation & performance plan. The board works with an independent consultant who utilizes national surveys and other data to help inform the compensation outlined in the plan. This was last completed in 2021. The credit union has engaged an independent consultant to ensure that pay rates for other officers and key employees are competitive within the marketplace. The consultant utilizes a number of compensation surveys to help determine the overall salary structure of the organization. Compensation decisions are documented in the personnel file. This was last completed in 2021.”

Form 990, Part VI, Section C, Line 19

“Wecu has a member rights policy in which we outline how our members can request and receive credit union corporate records, which include our articles and bylaws, minutes of our membership meetings, financial reports, code of ethics and board governance policies. A member request must be submitted in writing to the credit union and specifically identify the disclosable records requested. The credit union may require the member to sign a confidentiality agreement to protect the credit union from unauthorized disclosure of certain proprietary information. If any documents contain member information, it will be expunged from the document before being provided to the public.”

Filing and Contact Details

Filer

Filer Name
Whatcom Educational Credit Union
EIN
91-0712539
Phone
3606761168
Address
21 BELLWETHER WAY 111, BELLINGHAM, WA 98225

Signing Officer

Name
Nicholas Hodson
Title
Chief Financial Officer
Phone
3607567716
Signed
2022-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Kutcher
Formed
1936
Legal Domicile
Wa
Voting Board Members
9
Independent Board Members
9
Employees
472
Volunteers
12

Preparer

Firm
Cliftonlarsonallen Llp
Address
20 EAST THOMAS ROAD SUITE 2300, PHOENIX, AZ 85012
Preparer
Mary C Green
Phone
6022662248
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“This process has not changed from the prior year.”

Financial Statement Notes

PART IV, LINE 2B:

“Money received with mortgage payments that is held in escrow for real estate taxes.”

PART X, LINE 2:

“The credit union is exempt, under internal revenue code (irc) 501(c)(14), from federal and state income taxes. Certain products and services provided by state chartered credit unions have been deemed by the internal revenue service (irs) to be unrelated to the specific entity's exempt purpose. In the opinion of management, any liability resulting from taxing authorities imposing income taxes on the net taxable income from activities potentially deemed to be unrelated to the credit union's exempt purpose is not expected to have a material effect on the credit union's financial position or results of operations. The credit union evaluated its tax positions and determined no uncertain tax positions exist as of december 31, 2021 and 2020. The credit union's 2018 through 2020 tax years are open for examination by federal and state taxing authorities.”

Raw XML AppendixShowing 400 of 933 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
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt027664765
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt027400647
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0OUR MISSION IS TO MAKE A MEANINGFUL DIFFERENCE IN THE LIVES OF OUR MEMBERS.
IRS990/AdvertisingGrp/TotalAmt0742170
IRS990/AllOtherExpensesGrp/TotalAmt033999
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BenefitsToMembersGrp/TotalAmt02891645
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0NICHOLAS HODSON
IRS990/BooksInCareOfDetail/PhoneNum03606761168
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt021 BELLWETHER WAY SUITE 111
IRS990/BooksInCareOfDetail/USAddress/CityNm0BELLINGHAM
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd098225
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt032886533
IRS990/CashNonInterestBearingGrp/EOYAmt028784936
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt045
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt03794377
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt0180054
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt01542926
IRS990/ContractorCompensationGrp/CompensationAmt11326962
IRS990/ContractorCompensationGrp/CompensationAmt2825050
IRS990/ContractorCompensationGrp/CompensationAmt3792060
IRS990/ContractorCompensationGrp/CompensationAmt4651317
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0255 FISERV DR
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1175 S HILL DR
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt25613 HWY 290 W STE 300
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt35100 POPLAR AVE STE 2500
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt466828 212TH ST SW
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0BROOKFIELD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1BRISBANE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2AUSTIN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3MEMPHIS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4LYNNWOOD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0WI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3TN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4WA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd053045
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd194005
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd278736
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd3381372501
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd498036
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0FISERV INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1INFOIMAGE INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2BANKINGON INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3STRATEGIC RESOURCE MANAGEMENT INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4AMERICAN REPORTING COMPANY LLC
IRS990/ContractorCompensationGrp/ServicesDesc0CORE SOFTWARE SYSTEM PROVIDER
IRS990/ContractorCompensationGrp/ServicesDesc1MEMBER STATEMENT PROCESSING SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc2MOBILE BANKING
IRS990/ContractorCompensationGrp/ServicesDesc3CONSULTING SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc4APPRAISAL SERVICES
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt02891645
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0279850
IRS990/CYInvestmentIncomeAmt02117729
IRS990/CYOtherExpensesAmt021831956
IRS990/CYOtherRevenueAmt01068059
IRS990/CYProgramServiceRevenueAmt082560332
IRS990/CYRevenuesLessExpensesAmt021694734
IRS990/CYSalariesCompEmpBnftPaidAmt039047935
IRS990/CYTotalExpensesAmt064051386
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt085746120
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt02759738
IRS990/Desc0LOAN PORTFOLIO (CREDIT CARDS, AUTO, PERSONAL AND OTHER TYPES):LOANS TO MEMBERS INCREASED BY 9.4%, OR $140.5 MILLION FROM 2020 TO 2021. LENDING WAS STRONG, WITH RECORD-SETTING MONTHS CULMINATING INTO A RECORDSETTING YEAR. WECU ORIGINATED $796.58 MILLION IN 2021. THE OVERALL IMPACT IS TREMENDOUS FOR OUR MEMBERS AND THE COMMUNITY AT LARGE. IN MANY CASES, THE FINANCING DECREASED MEMBERS' MONTHLY AND ANNUAL DEBT OBLIGATIONS, PROVIDED AFFORDABLE TRANSPORTATION AND HOUSING, AND CONSOLIDATED DEBT. THE INCREASE IN CONSUMER LENDING PRODUCTS IS NOTEWORTHY. ALL OTHER CONSUMER LOAN ORIGINATIONS INCREASED FROM $54.84 MILLION IN 2020 TO $84.69 MILLION IN 2021, REPRESENTING A 39.78%, OR $21.82 MILLION, INCREASE IN PRODUCTION.DESPITE THE MUCH-LAUDED ECONOMIC STRENGTH THROUGH THE PANDEMIC RECOVERY, THERE WERE STILL CHALLENGES. IN PARTICULAR, THE SUPPLY CHAIN ISSUES PRESENTED CHALLENGES WITH SUPPLY TO ORIGINATE LOANS THROUGH THE INDIRECT CHANNEL. MANY DEALERS HAD LITTLE TO NO INVENTORY. THIS IS A TESTAMENT TO WECU'S INDIRECT TEAM, AS THEY FOCUSED PRIMARILY ON RELATIONSHIPS WITH DEALERS TO MAINTAIN OPPORTUNITY. THE INCREASE IN ORIGINATIONS FROM 2020 TO 2021 WAS A RESULT OF CREATIVITY AND RESOLVE.CONSUMER REAL ESTATE, ON THE OTHER HAND, HAD DIFFERENT CHALLENGES. AS WECU WAS TRYING TO PUT THE LARGE CASH BALANCE TO WORK, THE CONSUMER REAL ESTATE TEAM HAD TO AGGRESSIVELY PURSUE EFFICIENCIES IN PROCESS TO MANAGE SUSTAINED VOLUMES. THE TOTAL DOLLAR AMOUNT OF LOANS FUNDED WAS LIFTED BECAUSE THE AVERAGE LOAN AMOUNT INCREASED FROM $200.93 THOUSAND TO $241.26 THOUSAND FROM 2020 TO 2021. IN ADDITION, THE NUMBER OF LOANS ORIGINATED INCREASED BY 13.74%, OR 181 LOANS FROM 2020 TO 2021. WECU ASSISTED 1,498 MEMBERS WITH THEIR REAL ESTATE BORROWING NEEDS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt0472
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EscrowAccountLiabilityGrp/BOYAmt02568713
IRS990/EscrowAccountLiabilityGrp/EOYAmt03074284
IRS990/ExpenseAmt00
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt0206648
IRS990/FeesForServicesLegalGrp/TotalAmt070046
IRS990/FeesForServicesLobbyingGrp/TotalAmt017500
IRS990/FeesForServicesOtherGrp/TotalAmt01629990
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt34.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt44.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt54.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt64.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt74.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt84.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt950.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1045.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1145.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1245.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1345.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1445.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1545.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1645.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1745.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2340.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd4X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd5X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd6X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
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/OtherCompensationAmt995630
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1073475
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1183474
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1286986
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1379095
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1458482
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1565311
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1646886
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1747598
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1832545
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1954283
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2070179
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2160150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2258446
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2359808
IRS990/Form990PartVIISectionAGrp/PersonNm0HARTE BRESSLER
IRS990/Form990PartVIISectionAGrp/PersonNm1KRISTI LEWIS TYRAN
IRS990/Form990PartVIISectionAGrp/PersonNm2DAVID WASCHKE
IRS990/Form990PartVIISectionAGrp/PersonNm3CAROL LAGER
IRS990/Form990PartVIISectionAGrp/PersonNm4ASHOK KHANNA
IRS990/Form990PartVIISectionAGrp/PersonNm5CATHIE OBERG
IRS990/Form990PartVIISectionAGrp/PersonNm6MARGO HAMMOND
IRS990/Form990PartVIISectionAGrp/PersonNm7DALE ZENDER
IRS990/Form990PartVIISectionAGrp/PersonNm8GABRIEL MAST
IRS990/Form990PartVIISectionAGrp/PersonNm9JENNIFER E KUTCHER
IRS990/Form990PartVIISectionAGrp/PersonNm10NICHOLAS A HODSON
IRS990/Form990PartVIISectionAGrp/PersonNm11JEFFREY R DYKSTRA
IRS990/Form990PartVIISectionAGrp/PersonNm12JACK INGRAM
IRS990/Form990PartVIISectionAGrp/PersonNm13CYNTHIA CHASE KLEIN
IRS990/Form990PartVIISectionAGrp/PersonNm14DAVID PIERCE JONES
IRS990/Form990PartVIISectionAGrp/PersonNm15ERYNNE MARIA HALLOCK
IRS990/Form990PartVIISectionAGrp/PersonNm16MATTHEW HENRY BERENDSEN
IRS990/Form990PartVIISectionAGrp/PersonNm17KENT D BOUMA
IRS990/Form990PartVIISectionAGrp/PersonNm18SMITH BOLORTSETSEG C
IRS990/Form990PartVIISectionAGrp/PersonNm19GRANT DYKSTRA
IRS990/Form990PartVIISectionAGrp/PersonNm20AARON HEATH WHITSON
IRS990/Form990PartVIISectionAGrp/PersonNm21DAVID DODGE
IRS990/Form990PartVIISectionAGrp/PersonNm22ANDREW WHALEY
IRS990/Form990PartVIISectionAGrp/PersonNm23GLEN R BERRY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8915
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9711876
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10302106
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11365437
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12345261
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13285135
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14230497
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15254795
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16218263
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17231744
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18178869
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19173080
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20161785
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21180112
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22166209
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23166360
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT/CEO/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHIEF INFORMATION OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF HUMAN RESOURCES OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF MARKETING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP, RETAIL DELIVERY
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP, LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP, BUSINESS BANKING
IRS990/Form990PartVIISectionAGrp/TitleTxt18VICE PRESIDENT, RISK MANAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19BUSINESS BANKING SENIOR LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt20CREDIT ADMINISTRATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR, IT INFRASTRUCTURE
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR, ENTERPRISE APPLICATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR, BUSINESS INTELLIGENCE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0468390
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt075000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0204850
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01339295
IRS990/GrossReceiptsAmt086617025
IRS990/GrossRentsGrp/RealAmt018000
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt049
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt04842879
IRS990/InsuranceGrp/TotalAmt08900
IRS990/InterestGrp/TotalAmt0245467
IRS990/InvestmentIncomeGrp/ExclusionAmt01649339
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01649339
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt011111400
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt012118600
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06902982
IRS990/InvestmentsPubTradedSecGrp/EOYAmt060383966
IRS990/IRPDocumentCnt039576
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt022344812
IRS990/LandBldgEquipBasisNetGrp/BOYAmt035895343
IRS990/LandBldgEquipBasisNetGrp/EOYAmt032559668
IRS990/LandBldgEquipCostOrOtherBssAmt054904480
IRS990/LegalDomicileStateCd0WA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0870905
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WHATCOM 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt021250000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt021250000
IRS990/NetAssetsOrFundBalancesBOYAmt0273972908
IRS990/NetAssetsOrFundBalancesEOYAmt0295279348
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0468390
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0468390
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt018000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt018000
IRS990/NetUnrelatedBusTxblIncmAmt061799
IRS990/NetUnrlzdGainsLossesInvstAmt0-388294
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt02693365
IRS990/OfficeExpensesGrp/TotalAmt02265141
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt023367984
IRS990/OtherAssetsTotalGrp/EOYAmt025624463
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05299237
IRS990/OtherExpensesGrp/Desc0UBI TAXES
IRS990/OtherExpensesGrp/Desc1CREDIT CARD EXPENSES
IRS990/OtherExpensesGrp/Desc2ATM EXPENSES
IRS990/OtherExpensesGrp/Desc3PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/TotalAmt05462
IRS990/OtherExpensesGrp/TotalAmt15603958
IRS990/OtherExpensesGrp/TotalAmt2455983
IRS990/OtherExpensesGrp/TotalAmt338403
IRS990/OtherLiabilitiesGrp/BOYAmt01810860247
IRS990/OtherLiabilitiesGrp/EOYAmt02144853999
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt01050059
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01050059
IRS990/OtherRevenueTotalAmt01050059
IRS990/OtherSalariesAndWagesGrp/TotalAmt025112566
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01490671497
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01631956993
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt02268182
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt02573573
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03178980
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02508029
IRS990/PrincipalOfficerNm0JENNIFER KUTCHER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS TO MEMBERS
IRS990/ProgramServiceRevenueGrp/Desc1INTERCHANGE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2SERVICE CHARGES AND FEES
IRS990/ProgramServiceRevenueGrp/Desc3GAIN ON SALE OF LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt059374564
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt112990268
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt28764300
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31350343
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt059374564

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,491,858,278
Liabilities
$2,196,578,930
Net assets
$295,279,348
Revenue
$85,746,120
Expenses
$64,051,386
Net income
$21,694,734
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2,957$2,608$350$166$154$12.2
2023Detailed filing. Detailed filing data is available for this year.$2,766$2,430$336$138$119$18.8
2022Detailed filing. Detailed filing data is available for this year.$2,507$2,191$317$98.7$68.5$30.2
2021Detailed filing. Detailed filing data is available for this year.$2,492$2,197$295$85.7$64.1$21.7
2020Detailed filing. Detailed filing data is available for this year.$2,136$1,862$274$85.9$71.0$14.9
2019Detailed filing. Detailed filing data is available for this year.$1,713$1,454$259$86.9$72.2$14.7
2018Detailed filing. Detailed filing data is available for this year.$1,608$1,364$244$81.0$67.0$14.0
2017Detailed filing. Detailed filing data is available for this year.$1,482$1,251$231$70.2$51.5$18.6
2016Detailed filing. Detailed filing data is available for this year.$1,368$1,156$211$62.9$47.4$15.4
2015Detailed filing. Detailed filing data is available for this year.$1,226$1,030$196$55.0$41.5$13.5
2014Detailed filing. Detailed filing data is available for this year.$1,082$900$182$51.5$40.1$11.3
2013Detailed filing. Detailed filing data is available for this year.$977$806$171$50.9$37.2$13.7
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$884$727$157$37.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$777$637$139$36.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$707$581$126$39.3