Overview
What is Credit Unions In The State Of Washington?
Credit Unions in the State of Washington, specifically American Lake Credit Union, is a financial cooperative located in Tacoma and Lakewood, Washington. Serving over 5,440 members, the credit union offers various retail financial services, including savings and deposit accounts, consumer, mortgage, and credit card loans. In 2022, the credit union granted 2,238 loans to its members, totaling $23,055,217. The credit union's mission is to help its members improve their financial well-being by providing quality services at an affordable cost and encouraging thrift. With a team of 23 dedicated employees, American Lake Credit Union strives to empower its members to achieve financial stability and success.
Official website here: www.americanlake.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: $438,137
Professional Fundraising Fees: $0
Other Salaries and Wages: $568,726
For more financial information, click here
Official website here: www.americanlake.org
What is the mission statement of Credit Unions In The State Of Washington?
The mission of this financial cooperative, operating in Washington State, is to actively assist its members in enhancing their financial health. They achieve this objective by offering high-quality services at affordable costs and promoting thrift. The credit union serves over 5,440 member-owners, catering to their financial needs through branches located in Tacoma and Lakewood. Services include savings and deposit accounts, various types of loans, including consumer, mortgage, and credit card loans. In 2022, the credit union granted 2,238 loans to its members, amounting to a total of $23,055,217.
Official website here: www.americanlake.org
Who is the CEO of Credit Unions In The State Of Washington?
Kolin Mcmann is the Ceo of Credit Unions In The State Of Washington. The CEO's salary of Credit Unions In The State Of Washington is $196,385 and their total compensation is $212,537.
Official website here: www.americanlake.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 $2,484,694.
Official website here: www.americanlake.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 $43,777. There are 23 employees and 14 volunteers at Credit Unions In The State Of Washington.
Here are 13 key members and their salaries (Credit Unions In The State Of Washington's CEO's salary is $196,385 and their total compensation is $212,537):
- Compensation: $196,385
- Related: $0
- Other: $16,152
- Compensation: $92,470
- Related: $0
- Other: $28,010
- Compensation: $87,341
- Related: $0
- Other: $17,779
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.americanlake.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.americanlake.org
Learn more at the official website: www.americanlake.org
Mission Statement of Credit Unions In The State Of Washington
American Lake Credit Union, a financial cooperative based in Washington State, is committed to assisting its member-owners in enhancing their financial status. This proactive organization operates with a mission to elevate the financial well-being of its members by providing high-quality services at affordable costs and promoting thrift. The credit union achieves this by offering a variety of financial services, including savings and deposit accounts, consumer loans, mortgage loans, and credit card loans, all at affordable rates. In 2022, American Lake Credit Union granted 2,238 loans to its members, totaling $23,055,217. This demonstrates the credit union's dedication to helping its members improve their financial standing.
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Impact
October, 2024
Credit Unions in the State of Washington have a significant impact on the financial well-being of their members and the broader community. American Lake Credit Union, for example, serves over 5,440 members through its four branches in Tacoma and Lakewood. By offering low-cost retail financial services, they empower individuals to improve their financial status.
In 2022, the credit union granted 2,238 loans totaling $23,055,217, illustrating its role in facilitating access to credit for members. This not only aids personal financial growth but also contributes to local economic development. Additionally, the credit union provides a range of services, including savings and deposit accounts, consumer and mortgage loans, as well as credit cards, making financial resources accessible to a diverse population.
Through its commitment to quality service at low cost, American Lake Credit Union encourages thrift and financial responsibility, fostering a culture of savings and improved financial literacy. This proactive approach enhances the financial stability of its members, ultimately benefiting the entire community in Lakewood and Tacoma.
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 2022.
- Investment Income: $389,320
- Program Service Revenue: $2,094,688
- Gross Receipts: $2,494,277
Assets and Liabilities:
- Total Assets: $70,051,462
- Total Liabilities: $60,783,239
- Net Assets: $9,268,223
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXCHANGE INCOME
Revenue
$230,440
FEES, CHARGES AND OTHER
Revenue
$441,869
INTEREST ON MEMBER LOANS
Revenue
$1,422,379
Organization Details
Founding Year
1948
Phone
(253) 584-0079Principal Officer
Kolin Mcmann
Main Address
9802 GRAVELLY LAKE DR SW, LAKEWOOD, WA, 98499
Website
www.americanlake.orgNTEE Category
Code: W60 - Public benefit
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