State Highway Credit Union

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

EIN: 910425355 ✦ Olympia, WA ✦ Designated as a 501(c)(14)

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Overview

What is State Highway Credit Union?

State Highway Credit Union is a nonprofit financial institution situated in Olympia, Washington, with a specific focus on serving 1,580 members. Their primary activity involves providing a range of financial services, such as real estate and secured or unsecured consumer loans, checking and savings programs, and debit and credit card services. With a team of seven dedicated individuals, this credit union aims to cater to the financial needs of its members, ensuring they have access to essential financial tools.


Official website here: www.wsecu.org

Is State Highway Credit Union legitimate?

State Highway Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. State Highway 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: $27,721
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,756

For more financial information, click here


Official website here: www.wsecu.org

What is the mission statement of State Highway Credit Union?

State Highway Credit Union's mission is centered around providing financial services. Specifically, they offer secured and unsecured consumer loans, including real estate loans, as well as checking and savings programs, debit, and credit card services. Their mission is to serve their 1,580 members by providing these financial services, aiming to meet their various financial needs effectively.


Official website here: www.wsecu.org

Who is the CEO of State Highway Credit Union?

Karen L Woodall is the President & Ceo of State Highway Credit Union. The CEO's salary of State Highway Credit Union is $22,924 and their total compensation is $27,721.


Official website here: www.wsecu.org

What is the revenue of State Highway Credit Union?

State Highway Credit Union's revenue in 2023 was $248,028.


Official website here: www.wsecu.org

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

The average compensation at State Highway Credit Union during 2023 was $12,782. There are 7 employees and 11 volunteers at State Highway Credit Union.


Here are 10 key members and their salaries (State Highway Credit Union's CEO's salary is $22,924 and their total compensation is $27,721):


Karen L Woodall (President & Ceo)
  • Compensation: $22,924
  • Related: $0
  • Other: $4,797
Jamil Anabtawi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian White (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melinda Warren (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Troy Suing (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mitch Syverson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Corie Henke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Giles (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Will Smith (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Leibrecht (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.wsecu.org

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

State Highway Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.wsecu.org

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

Mission Statement of State Highway Credit Union

State Highway Credit Union, as a financial institution, is dedicated to providing a variety of financial services to its members. Its primary mission is to offer secured and unsecured consumer loans, including real estate loans, alongside checking and savings programs, and debit and credit card services. By doing so, the credit union aims to meet the diverse financial needs of its 1,580 members, ensuring they have access to essential financial tools.

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Impact




October, 2024

State Highway Credit Union significantly impacts its community by providing essential financial services to its 1,580 members. The credit union offers a range of services, including real estate loans and other secured and unsecured consumer loans, which help members make important investments and manage their financial needs effectively.

Additionally, the credit union facilitates checking and savings programs that promote financial literacy and savings among its members, encouraging them to build secure financial futures. With services like debit and credit cards, State Highway Credit Union enhances convenience and accessibility to funds, empowering members to manage their finances efficiently.

Located in Olympia, WA, the credit union plays a vital role in supporting the local economy and fostering financial stability among its members, contributing to the overall well-being of the community.




This information is meant to be a general summary of State Highway 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
$248,028 (2023)
Expenses
$1,851,682 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $55,347
  • Program Service Revenue: $192,681
  • Gross Receipts: $248,028

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

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

LOAN & SERVICE FEE INCOME

Revenue

$20,962

LOAN INTEREST INCOME

Revenue

$171,719

Organization Details

Founding Year

1938

Principal Officer

Karen L Woodall

Main Address

330 UNION AVENUE SE, OLYMPIA, WA, 98501

NTEE Category

Code: W60 - Public benefit

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