Credit Unions In The State Of Washington

Boeing Employees Credit Union

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

EIN: 910219435 ✦ Tukwila, WA ✦ Designated as a 501(c)(14)

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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: $27,620,428
Professional Fundraising Fees: $0
Other Salaries and Wages: $267,344,937

For more financial information, click here


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?

Unavailable The CEO's salary of Credit Unions In The State Of Washington is $642,316 and their total compensation is $642,316.


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 2022 was $1,076,116,183.


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 2022 was $81,550. There are 3617 employees at Credit Unions In The State Of Washington.


Here are 49 key members and their salaries (Credit Unions In The State Of Washington's CEO's salary is $642,316 and their total compensation is $642,316):


Debra Somberg (Director Chairperson)
  • Compensation: $97,500
  • Related: $0
  • Other: $0
Bill Longbrake (Director)
  • Compensation: $85,000
  • Related: $0
  • Other: $0
David Yonce (Director)
  • Compensation: $45,940
  • Related: $0
  • Other: $0
Denis Farmer (Director)
  • Compensation: $80,000
  • Related: $0
  • Other: $0
Jessie Woolley-Wilson (Director)
  • Compensation: $48,129
  • Related: $0
  • Other: $0
John Mcmurray (Director)
  • Compensation: $90,000
  • Related: $0
  • Other: $0
Manolo Sanchez (Director)
  • Compensation: $75,000
  • Related: $0
  • Other: $0
Matthew Oppenheimer (Director)
  • Compensation: $82,129
  • Related: $0
  • Other: $0
Patrick Smith (Director)
  • Compensation: $31,931
  • Related: $0
  • Other: $0
Susan Ehrlich (Director)
  • Compensation: $78,430
  • Related: $0
  • Other: $0
Will Daugherty (Director)
  • Compensation: $77,871
  • Related: $0
  • Other: $0
Beverly Anderson (President Ceo)
  • Compensation: $642,316
  • Related: $0
  • Other: $0
John Benson Porter (Former President Ceo)
  • Compensation: $4,287,758
  • Related: $0
  • Other: $119,782
Melba Bartels (Evp Chief Financial Officer)
  • Compensation: $2,046,930
  • Related: $0
  • Other: $107,442
Thomas Berquist (Evp Chief Marketing Officer)
  • Compensation: $612,613
  • Related: $0
  • Other: $159,319
Fumbi Chima (Evp Chief Technology Transformation Officer)
  • Compensation: $909,826
  • Related: $0
  • Other: $245,977
Douglas Marshall (Evp Chief Product Digital Officer)
  • Compensation: $661,728
  • Related: $0
  • Other: $103,184
John Stewart (Evp Chief Risk Officer)
  • Compensation: $608,028
  • Related: $0
  • Other: $177,854
Michael Scott Strand (Evp Chief Operating Officer)
  • Compensation: $1,276,306
  • Related: $0
  • Other: $114,033
Melanie Walsh (Evp Chief Administrative Officer)
  • Compensation: $774,486
  • Related: $0
  • Other: $90,760
Anthony Harris (Assistant Corporate Secretary)
  • Compensation: $233,791
  • Related: $0
  • Other: $117,172
Michael Ryan (Svp General Counsel)
  • Compensation: $442,772
  • Related: $0
  • Other: $91,302
Aaron Bresko (Former Svp Consumer Lending)
  • Compensation: $132,856
  • Related: $0
  • Other: $7,929
Gennadiy Henry Darakhovskiy (Svp Treasury Cio)
  • Compensation: $405,207
  • Related: $0
  • Other: $101,108
Venetia Espinoza (Svp Credit Card)
  • Compensation: $97,804
  • Related: $0
  • Other: $13,314
Jennifer Fancher (Svp Transformation Officer)
  • Compensation: $390,857
  • Related: $0
  • Other: $99,265
Dana Gray (Svp Commercial Business Services)
  • Compensation: $468,325
  • Related: $0
  • Other: $120,681
Lisa Grove (Svp Chief Audit Executive)
  • Compensation: $370,875
  • Related: $0
  • Other: $112,998
Paul Hutchison (Svp Tech Business Solutions)
  • Compensation: $334,219
  • Related: $0
  • Other: $16,533
Gregg Kats (Svp Administration Servicing)
  • Compensation: $343,514
  • Related: $0
  • Other: $192,608
Shahzad Kazi (Svp Credit Risk Management Cco)
  • Compensation: $425,845
  • Related: $0
  • Other: $115,692
Brian Knollenberg (Svp Marketing)
  • Compensation: $366,380
  • Related: $0
  • Other: $107,686
Bryan Macdonald (Svp Enterprise Risk Management)
  • Compensation: $374,354
  • Related: $0
  • Other: $128,701
Sean Murphy (Svp Chief Information Security Officer)
  • Compensation: $578,379
  • Related: $0
  • Other: $82,398
Ken Myhra (Former Svp Credit Card)
  • Compensation: $207,184
  • Related: $0
  • Other: $16,604
Balaji Ponnuswamy (Svp Product Development Management)
  • Compensation: $367,317
  • Related: $0
  • Other: $85,462
Karen Potts (Svp Technology)
  • Compensation: $499,305
  • Related: $0
  • Other: $86,371
Paula Ramirez (Svp Human Resources)
  • Compensation: $360,554
  • Related: $0
  • Other: $85,492
Debasis Rath (Svp Consumer Lending)
  • Compensation: $374,031
  • Related: $0
  • Other: $29,744
Travis Simpson (Svp Retail Contact Center Wealth)
  • Compensation: $433,010
  • Related: $0
  • Other: $100,486
Lorraine Stewart (Svp Mortgage Lending)
  • Compensation: $368,161
  • Related: $0
  • Other: $114,265
Christine Wallace (Svp Accounting Controller)
  • Compensation: $355,960
  • Related: $0
  • Other: $106,756
Michael Zell (Svp Digital)
  • Compensation: $387,993
  • Related: $0
  • Other: $107,299
Deborah Mcleod (Vp Retail Delivery)
  • Compensation: $348,111
  • Related: $0
  • Other: $105,434
Deborah Taglialavore (Vp Commercial And Business Services-Primary Markets)
  • Compensation: $467,846
  • Related: $0
  • Other: $97,346
Linnea Wexler (Sr Commercial Relationship Manager Ii)
  • Compensation: $1,065,413
  • Related: $0
  • Other: $92,544
Marc Wright (Vp Commercial Credit)
  • Compensation: $594,378
  • Related: $0
  • Other: $100,889
Jaime Suarez (Financial Advisor)
  • Compensation: $452,154
  • Related: $0
  • Other: $148,926
Mathew Dailey (Vp Investment Services)
  • Compensation: $410,904
  • Related: $0
  • Other: $110,979


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 2022 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.

Revenue
$1,076,116,183 (2022)
Expenses
$879,646,068 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $240,509,207
  • Program Service Revenue: $836,112,490
  • Gross Receipts: $1,998,653,766

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

$616,304,121

FEE INCOME

Revenue

$175,051,444

BROKER INCOME

Revenue

$13,877,090

CONTRACT INCENTIVE INCOME

Revenue

$15,383,833

OTHER PROGRAM REVENUE

Revenue

$13,369,089

Organization Details

Founding Year

1935

Main Address

12770 GATEWAY DR S, TUKWILA, WA, 981683309

NTEE Category

Code: W60 - Public benefit

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