Puget Sound Cooperative Credit Union

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

EIN: 910170377 ✦ Bellevue, WA ✦ Designated as a 501(c)(14)

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Overview

What is Puget Sound Cooperative Credit Union?

Puget Sound Cooperative Credit Union is a state-based financial institution, headquartered in Bellevue, Washington. As a member-focused entity, it offers various financial services within the state. The credit union has a mission to serve its members, providing them with essential financial solutions. With a modest workforce of 32 employees, Puget Sound Cooperative Credit Union strives to foster financial well-being for its members in the State of Washington.


Official website here: www.psccu.org

Is Puget Sound Cooperative Credit Union legitimate?

Puget Sound Cooperative Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Puget Sound Cooperative 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,041,449

For more financial information, click here


Official website here: www.psccu.org

What is the mission statement of Puget Sound Cooperative Credit Union?

Puget Sound Cooperative Credit Union, as a state-chartered institution, is committed to serving its members by offering financial services within the State of Washington. Its mission, in essence, is to provide these financial services to its members, ensuring they have access to necessary financial solutions. The credit union does not disclose specifics about its mission beyond this, but its primary focus remains on catering to the financial needs of its members within the Washington state jurisdiction.


Official website here: www.psccu.org

Who is the CEO of Puget Sound Cooperative Credit Union?

Shannon Ellis-Brock is the Ceo/Board Member of Puget Sound Cooperative Credit Union. The CEO's salary of Puget Sound Cooperative Credit Union is $0 and their total compensation is $0.


Official website here: www.psccu.org

What is the revenue of Puget Sound Cooperative Credit Union?

Puget Sound Cooperative Credit Union's revenue in 2022 was $8,919,248.


Official website here: www.psccu.org

Who are the executives of Puget Sound Cooperative Credit Union and what are their salaries?

The average compensation at Puget Sound Cooperative Credit Union during 2022 was $95,045. There are 32 employees and 11 volunteers at Puget Sound Cooperative Credit Union.


Here are 7 key members and their salaries (Puget Sound Cooperative Credit Union's CEO's salary is $0 and their total compensation is $0):


Marc Stepper (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Staczak (Chairman Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Agler (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynn Logen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Apostolik (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christina Bender (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shannon Ellis-Brock (Ceo/Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.psccu.org

Where can I find the form 990 for Puget Sound Cooperative Credit Union?

Puget Sound Cooperative Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.psccu.org

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

Mission Statement of Puget Sound Cooperative Credit Union

Puget Sound Cooperative Credit Union, as a state-chartered entity, dedicates its mission to serving the financial needs of its members residing in Washington. This credit union operates with the primary goal of providing various financial services, catering to its member base within the state. By adopting a cooperative approach, Puget Sound Cooperative Credit Union ensures that it is committed to its members' financial well-being.

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Impact




October, 2024

Puget Sound Cooperative Credit Union plays a vital role in the financial well-being of its members in Washington State. By offering a range of financial services, it empowers individuals and families to achieve their financial goals, fostering a sense of community and support. Its operations are rooted in a commitment to public benefit, ensuring that the financial needs of its members are met with integrity and reliability.

Located in Bellevue, WA, the credit union provides accessible and affordable banking options, which include savings accounts, loans, and financial education resources. This accessibility helps to strengthen local communities by promoting financial literacy and stability. Through its focus on member service and community engagement, Puget Sound Cooperative Credit Union contributes to the economic resilience and growth of the region, ultimately enhancing the quality of life for its members and the broader community.




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


Financials

This financial information is from Propublica.

Revenue
$8,919,248 (2022)
Expenses
$7,205,224 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $126,518
  • Program Service Revenue: $6,692,591
  • Gross Receipts: $8,919,248

Assets and Liabilities:

  • Total Assets: $218,502,275
  • Total Liabilities: $199,820,945
  • Net Assets: $18,681,330

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Programs

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

Interest on Loans

Revenue

$6,692,591

Organization Details

Founding Year

1934

Principal Officer

Shannon Ellis-Brock

Main Address

11201 SE 8th St Suite 208, Bellevue, WA, 98004

NTEE Category

Code: W60 - Public benefit

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