Washington State Employees Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 910683062 ✦ Olympia, WA ✦ Designated as a 501(c)(14)

Overview

What is Washington State Employees Credit Union?

Washington State Employees Credit Union is a nonprofit financial institution based in Olympia, Washington. Their primary mission is to cater to the financial needs of their members as mandated by the Credit Union Act and charters. They offer various checking and savings account options, enabling members to manage their budgets effectively while working towards their financial goals. Members can access their accounts around the clock using their debit or ATM card. Washington State Employees Credit Union is part of the CO-OP Network, granting members free access to over 25,000 ATMs across the United States. With a workforce of 910 employees, they aim to provide essential financial services to their members.


Official website here: www.wsecu.org

Is Washington State Employees Credit Union legitimate?

Washington State Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Washington State Employees Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $4,848,943
Professional Fundraising Fees: $0
Other Salaries and Wages: $59,203,461

For more financial information, click here


Official website here: www.wsecu.org

What is the mission statement of Washington State Employees Credit Union?

The Washington State Employees Credit Union is committed to providing necessary financial services to its members, as mandated by the Credit Union Act and its charters. The organization offers a range of savings and checking account options to help members manage their budgets effectively and work towards their financial goals. Members have the flexibility to access their accounts at any time using their debit or ATM card, and WSECU is part of the Co-Op Network, allowing members free access to 25,000 ATMs nationwide. The credit union aims to create a platform for members to support each other financially and simplify their financial management.


Official website here: www.wsecu.org

Who is the CEO of Washington State Employees Credit Union?

Gary Swindler is the Board Chair of Washington State Employees Credit Union. The CEO's salary of Washington State Employees Credit Union is $720,752 and their total compensation is $852,914.


Official website here: www.wsecu.org

What is the revenue of Washington State Employees Credit Union?

Washington State Employees Credit Union's revenue in 2022 was $218,232,879.


Official website here: www.wsecu.org

Who are the executives of Washington State Employees Credit Union and what are their salaries?

The average compensation at Washington State Employees Credit Union during 2022 was $70,387. There are 910 employees and 32 volunteers at Washington State Employees Credit Union.

Here are 21 key members and their salaries (Washington State Employees Credit Union's CEO's salary is $720,752 and their total compensation is $852,914):

    Gary Swindler (President - Ceo)
  • Compensation: $1,128,000
  • Related: $0
  • Other: $256,303

    • Randy Gunderson (Chief Financial Officer)
  • Compensation: $748,366
  • Related: $0
  • Other: $126,533

    • Sharon Whitehead (Chief Administrative Officer)
  • Compensation: $760,735
  • Related: $0
  • Other: $113,107

    • Ben Morales (Chief Tech & Ops Officer/Ceo Qcf)
  • Compensation: $720,752
  • Related: $0
  • Other: $132,162

    • Paul Kirkbride (Chief Operating Officer)
  • Compensation: $540,773
  • Related: $0
  • Other: $125,702

    • Cameron Brookshire (Loan Officer)
  • Compensation: $309,441
  • Related: $0
  • Other: $51,966

    • Tanya Hill (Loan Officer)
  • Compensation: $317,166
  • Related: $0
  • Other: $43,548

    • Jeff Amira (Loan Officer)
  • Compensation: $308,174
  • Related: $0
  • Other: $52,053

    • Mary Evans (Loan Officer)
  • Compensation: $253,943
  • Related: $0
  • Other: $47,756

    • Jeff Reese (Financial Advisor)
  • Compensation: $261,763
  • Related: $0
  • Other: $35,049

    • Emily Friesen (Chief Marketing & Analytics Officer)
  • Compensation: $182,343
  • Related: $0
  • Other: $4,305

    • Veronica Bronkema (Board Member) [Trustee/Director]
  • Compensation: $3,311
  • Related: $0
  • Other: $0

    • Travis Matheson (Board Member) [Trustee/Director]
  • Compensation: $2,400
  • Related: $0
  • Other: $0

    • Carole Washburn (Board Chair) [Trustee/Director]
  • Compensation: $1,828
  • Related: $0
  • Other: $0

    • Tracy Guerin (Board Past Chair) [Trustee/Director]
  • Compensation: $1,297
  • Related: $0
  • Other: $0

    • Stacia Hollar (Board Member) [Trustee/Director]
  • Compensation: $1,026
  • Related: $0
  • Other: $0

    • Trudy Soucoup (Board Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Mah (Board Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marcus Glaspar (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vikki Smith (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Vanderlinde (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.wsecu.org

    Where can I find the form 990 for Washington State Employees Credit Union?

    The Washington State Employees Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.wsecu.org

    Learn more at the official website: www.wsecu.org

    Mission Statement of Washington State Employees Credit Union

    Washington State Employees Credit Union, or WSECU, is a financial institution dedicated to fulfilling the requirements set forth in the Credit Union Act and its charters. Its primary objective is to offer members essential financial services that they can mutually provide for one another.

    Members of WSECU have diverse needs when it comes to managing their savings and checking accounts. To accommodate these differences, WSECU provides various checking account options. These options enable members to streamline their budgeting processes and work towards their financial objectives. With a debit or ATM card, members can access their accounts at all hours, making financial management more convenient. WSECU boasts partnerships with the CO-OP Network, ensuring its members have access to 25,000 free ATMs across the United States. This extensive network adds to the credit union's commitment to providing members with the necessary financial tools.

    Impact

    This information is meant to be a general summary of Washington State Employees Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Washington State Employees Credit Union (WSECU) has a significant impact on its members by providing essential financial services mandated in the Credit Union Act. By offering a range of services such as savings and checking accounts, WSECU helps its members manage their budgets and work towards their financial goals. Through partnerships like the CO-OP Network, WSECU provides free access to a wide network of ATMs across the United States, ensuring convenient and secure banking solutions for its members.

    Additionally, as a public benefit organization, WSECU is committed to fostering a cooperative environment where members can support each other with their financial needs. This collaborative approach not only strengthens the financial well-being of individual members but also contributes to the overall economic resilience of the community.

    In summary, Washington State Employees Credit Union's impact lies in its dedication to providing essential financial services, promoting financial literacy, and creating a mutually supportive environment for its members to thrive financially.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $16,402,549
  • Program Service Revenue: $200,879,924
  • Gross Receipts: $336,311,560

    • Assets and Liabilities:
  • Total Assets: $4,932,136,053
  • Total Liabilities: $4,588,792,197
  • Net Assets: $343,343,856
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MEMBER LOAN INTEREST

    Revenue

    $145,140,533

    SERVICE FEES/CHARGES

    Revenue

    $55,884,719

    OTHER INCOME

    Revenue

    $71,112

    GAIN ON SALE OF LOANS

    Revenue

    $-216,440

    Organization Details

    Founding Year

    1957

    Principal Officer

    Gary Swindler

    Main Address

    PO BOX WSECU, OLYMPIA, WA, 985070099

    NTEE Category

    Code: W60 - Public benefit

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