Overview
What is Credit Unions In The State Of Washington?
Credit Unions in the State of Washington is a cooperative organization, with a membership base of over 1.3 million people. Based in Tukwila, Washington, they have welcomed 108,000 new members in 2022. The credit union's operations resulted in 141,434 loans amounting to a substantial $7.6 billion in 2022. Their mission revolves around enhancing the financial well-being of their members and their communities. This mission materializes through originating loans, as stated in the information. The organization, known as Boeing Employees Credit Union, employs 3,617 individuals to support its members.
Official website here: www.becu.org
Is Credit Unions In The State Of Washington legitimate?
Credit Unions In The State Of Washington is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions In The State Of Washington 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: $37,893,682
Professional Fundraising Fees: $0
Other Salaries and Wages: $315,203,476
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Official website here: www.becu.org
What is the mission statement of Credit Unions In The State Of Washington?
Credit Unions in the State of Washington operate as a cooperative, uniting individuals to enhance their financial well-being and that of their communities. Their mission is geared towards fostering financial improvement among their members. By pooling resources together, they aim to make a positive impact on the lives of the people they serve. With a membership base of over 1.3 million, they have welcomed 108,200 new members in 2022 alone. Their lending activities have resulted in 141,434 loans worth approximately $7.6 billion. This cooperative focuses on empowering its members to achieve financial stability and prosperity.
Official website here: www.becu.org
Who is the CEO of Credit Unions In The State Of Washington?
Beverly Anderson is the CEO of Credit Unions In The State Of Washington The CEO's salary of Credit Unions In The State Of Washington is $1,495,789 and their total compensation is $1,668,938.
Official website here: www.becu.org
What is the revenue of Credit Unions In The State Of Washington?
Credit Unions In The State Of Washington's revenue in 2023 was $1,537,981,153.
Official website here: www.becu.org
Who are the executives of Credit Unions In The State Of Washington and what are their salaries?
The average compensation at Credit Unions In The State Of Washington during 2023 was $97,299. There are 3629 employees at Credit Unions In The State Of Washington.
Here are 33 key members and their salaries (Credit Unions In The State Of Washington's CEO's salary is $1,495,789 and their total compensation is $1,668,938):
- Compensation: $95,358
- Related: $0
- Other: $0
- Compensation: $85,000
- Related: $0
- Other: $0
- Compensation: $80,000
- Related: $0
- Other: $0
- Compensation: $87,858
- Related: $0
- Other: $0
- Compensation: $77,143
- Related: $0
- Other: $0
- Compensation: $85,000
- Related: $0
- Other: $0
- Compensation: $77,143
- Related: $0
- Other: $0
- Compensation: $82,143
- Related: $0
- Other: $0
- Compensation: $73,393
- Related: $0
- Other: $0
- Compensation: $42,863
- Related: $0
- Other: $0
- Compensation: $2,354,131
- Related: $0
- Other: $4,426
- Compensation: $1,495,789
- Related: $0
- Other: $173,149
- Compensation: $1,664,708
- Related: $0
- Other: $97,282
- Compensation: $285,000
- Related: $0
- Other: $0
- Compensation: $572,956
- Related: $0
- Other: $71,191
- Compensation: $359,969
- Related: $0
- Other: $72,274
- Compensation: $1,455,332
- Related: $0
- Other: $74,318
- Compensation: $839,988
- Related: $0
- Other: $123,001
- Compensation: $414,232
- Related: $0
- Other: $12,637
- Compensation: $756,586
- Related: $0
- Other: $73,065
- Compensation: $89,728
- Related: $0
- Other: $2,695
- Compensation: $260,875
- Related: $0
- Other: $6,445
- Compensation: $232,194
- Related: $0
- Other: $1,798
- Compensation: $857,477
- Related: $0
- Other: $34,009
- Compensation: $2,322,847
- Related: $0
- Other: $33,078
- Compensation: $2,434,284
- Related: $0
- Other: $36,133
- Compensation: $4,511,727
- Related: $0
- Other: $37,122
- Compensation: $642,696
- Related: $0
- Other: $88,155
- Compensation: $436,501
- Related: $0
- Other: $89,539
- Compensation: $574,251
- Related: $0
- Other: $114,304
- Compensation: $664,155
- Related: $0
- Other: $70,329
- Compensation: $1,326,429
- Related: $0
- Other: $20,827
- Compensation: $695,135
- Related: $0
- Other: $69,758
Official website here: www.becu.org
Where can I find the form 990 for Credit Unions In The State Of Washington?
Credit Unions In The State Of Washington's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.becu.org
Learn more at the official website: www.becu.org
Mission Statement of Credit Unions In The State Of Washington
Credit Unions in the State of Washington, as a cooperative, unite individuals to enhance their financial well-being and that of their communities. By pooling resources and collaborating, the organization strives to make a difference in the lives of its members. With a membership base of 1,388,742 people, Credit Unions in the State of Washington welcomed 108,200 new members in 2022 alone. The cooperative's impact extends beyond individual financial growth, as it originated 141,434 loans totaling $7.6 billion in 2022. These loans empowered members to achieve their financial goals and contribute to the overall economic vitality of the organization and the communities it serves. By bringing people together, Credit Unions in the State of Washington harnesses the power of collective action to improve financial well-being and create lasting positive change.
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Impact
October, 2024
Credit Unions in the State of Washington play a significant role in enhancing the financial well-being of their members and the communities they serve. With a membership base of over 1.3 million, they provide accessible financial services that empower individuals and families to achieve their financial goals. In 2022, they welcomed 108,200 new members, reflecting their growing impact and the trust placed in them by the community.
In addition to serving members, credit unions originated 141,434 loans totaling $7.6 billion, facilitating essential funding for education, home purchases, and other personal and business needs. This lending activity not only helps members achieve their financial objectives but also stimulates economic growth within the region.
By functioning as a cooperative, credit unions foster a sense of community, bringing people together to share resources and support one another. Their focus on improving financial well-being contributes to stronger, more resilient communities in Washington. With a mission deeply rooted in collaboration and public benefit, their impact extends beyond individual members to the wider society, promoting financial literacy and community development initiatives.
This information is meant to be a general summary of Credit Unions In The State Of Washington. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $403,288,600
- Program Service Revenue: $1,115,615,728
- Gross Receipts: $2,139,771,238
Assets and Liabilities:
- Total Assets: $28,780,643,575
- Total Liabilities: $26,832,951,916
- Net Assets: $1,947,691,659
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$912,457,234
FEE INCOME
Revenue
$165,968,348
BROKER INCOME
Revenue
$13,737,320
CONTRACT INCENTIVE INCOME
Revenue
$12,912,225
OTHER PROGRAM REVENUE
Revenue
$8,573,836
Organization Details
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