Iq Credit Union

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

EIN: 910576399 ✦ Vancouver, WA ✦ Designated as a 501(c)(14)

Overview

What is Iq Credit Union?

Iq Credit Union is a nonprofit financial institution based in Vancouver, Washington, serving a membership of 102,478 individuals. They offer a comprehensive range of financial services, including real estate and consumer loans, checking and savings programs, and credit card services. Their mission is to deliver these services conveniently, efficiently, and profitably while ensuring security for their members. Iq Credit Union employs 484 individuals to support the provision of these vital services.


Official website here: www.iqcu.com

Is Iq Credit Union legitimate?

Iq Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Iq 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $3,092,429
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,331,447

For more financial information, click here


Official website here: www.iqcu.com

What is the mission statement of Iq Credit Union?

Iq Credit Union is committed to delivering a comprehensive range of top-tier financial services in a convenient, efficient, friendly, secure, and profitable manner that caters to the requirements of its membership base. The financial institution offers various financial solutions, including real estate and secured/unsecured consumer loans, checking and savings programs, and credit card services. Its mission is to meet the diverse financial needs of its 102,478 members in a way that fosters long-term satisfaction and trust.


Official website here: www.iqcu.com

Who is the CEO of Iq Credit Union?

Dan Medak is the Board Chairman of Iq Credit Union. The CEO's salary of Iq Credit Union is $726,472 and their total compensation is $786,770.


Official website here: www.iqcu.com

What is the revenue of Iq Credit Union?

Iq Credit Union's revenue in 2022 was $92,392,104.


Official website here: www.iqcu.com

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

The average compensation at Iq Credit Union during 2022 was $50,463. There are 484 employees and 12 volunteers at Iq Credit Union.

Here are 24 key members and their salaries (Iq Credit Union's CEO's salary is $726,472 and their total compensation is $786,770):

    Eric Petracca (President/Ceo)
  • Compensation: $726,472
  • Related: $0
  • Other: $60,298

    • Danette Lachapelle (Svp Chief Comm. Officer)
  • Compensation: $619,468
  • Related: $0
  • Other: $17,525

    • Kari Stansberry (Svp Chief Admin. Officer)
  • Compensation: $267,463
  • Related: $0
  • Other: $63,777

    • Gayle Gustafson (Svp Chief Lending Officer)
  • Compensation: $271,907
  • Related: $0
  • Other: $40,739

    • Ryan Greenwood (Investment Svcs Financial Advisor)
  • Compensation: $267,278
  • Related: $0
  • Other: $43,013

    • Dan Medak (Cfo)
  • Compensation: $266,200
  • Related: $0
  • Other: $22,179

    • Jordan Lehrman (Svp Chief Technology Officer)
  • Compensation: $226,429
  • Related: $0
  • Other: $41,628

    • Jon Davis (Vp Investment Services)
  • Compensation: $208,624
  • Related: $0
  • Other: $39,079

    • Jeremy Wiersma (Vp Business Services)
  • Compensation: $222,703
  • Related: $0
  • Other: $17,314

    • Denis Marsh (Vp Insurance Services)
  • Compensation: $203,738
  • Related: $0
  • Other: $34,030

    • Ali Migaki (Svp Chief Retail Officer)
  • Compensation: $196,874
  • Related: $0
  • Other: $28,403

    • Dianne Smith (Vp Mortgage Services)
  • Compensation: $182,644
  • Related: $0
  • Other: $31,043

    • Douglas E Lehrman (Board Chairman) [Trustee/Director]
  • Compensation: $24,125
  • Related: $0
  • Other: $0

    • Sharon Eastman (Board Secretary) [Trustee/Director]
  • Compensation: $19,569
  • Related: $0
  • Other: $0

    • Joseph Nutting (Board Vice Chairman) [Trustee/Director]
  • Compensation: $19,569
  • Related: $0
  • Other: $0

    • Evelyn D Grendahl (Board Treasurer) [Trustee/Director]
  • Compensation: $19,569
  • Related: $0
  • Other: $0

    • Steve Porter (Board Member) [Trustee/Director]
  • Compensation: $15,763
  • Related: $0
  • Other: $0

    • James Askey (Board Member) [Trustee/Director]
  • Compensation: $15,763
  • Related: $0
  • Other: $0

    • Jil Click (Board Member) [Trustee/Director]
  • Compensation: $15,763
  • Related: $0
  • Other: $0

    • Joan Durgin (Board Member) [Trustee/Director]
  • Compensation: $15,763
  • Related: $0
  • Other: $0

    • Don Kitterman (Board Member) [Trustee/Director]
  • Compensation: $15,763
  • Related: $0
  • Other: $0

    • Ronald Alan Odermott (Board Member) [Trustee/Director]
  • Compensation: $13,725
  • Related: $0
  • Other: $0

    • Brian Loos (Board Member) [Trustee/Director]
  • Compensation: $11,313
  • Related: $0
  • Other: $0

    • Arlene Hett (Board Member) [Trustee/Director]
  • Compensation: $11,313
  • Related: $0
  • Other: $0


  • Official website here: www.iqcu.com

    Where can I find the form 990 for Iq Credit Union?

    The Iq Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.iqcu.com

    Learn more at the official website: www.iqcu.com

    Mission Statement of Iq Credit Union

    Iq Credit Union, with its mission to provide, delivers a comprehensive array of top-notch financial services that cater to the requirements of its 102,478 members. By offering these services in a convenient, efficient, friendly, secure, and profitable manner, Iq Credit Union ensures it meets and exceeds the expectations of its consumer base.

    At the heart of Iq Credit Union's operations are various financial solutions designed to cater to diverse needs. From real estate and other secured and unsecured consumer loans to checking and savings programs and credit card services, Iq Credit Union's extensive offerings enable its members to manage their finances effectively. By providing this full complement of quality financial services, Iq Credit Union distinguishes itself as a reliable and trusted financial partner for its members.

    Impact

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




    Thursday, August 15, 2024

    Iq Credit Union's impact is significant as it provides a wide range of quality financial services to over 102,478 members in Vancouver, WA. These services include real estate and consumer loans, checking and savings programs, and credit card services. By doing so, Iq Credit Union plays a vital role in supporting the financial well-being and security of its members, contributing to the overall economic stability of the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $5,765,435
  • Program Service Revenue: $86,126,385
  • Gross Receipts: $95,872,911

    • Assets and Liabilities:
  • Total Assets: $2,008,224,369
  • Total Liabilities: $1,840,459,272
  • Net Assets: $167,765,097
  • Programs

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

    LOAN INTEREST

    Revenue

    $61,363,396

    OTHER OPERATING INCOME

    Revenue

    $17,787,508

    FEES AND CHARGES

    Revenue

    $6,975,481

    Organization Details

    Founding Year

    1940

    Principal Officer

    Dan Medak

    Main Address

    PO BOX 1739, VANCOUVER, WA, 986681739

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Iq Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.