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)

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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 tax deductible.


Heare 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):


Douglas E Lehrman (Board Chairman)
  • Compensation: $24,125
  • Related: $0
  • Other: $0
Sharon Eastman (Board Secretary)
  • Compensation: $19,569
  • Related: $0
  • Other: $0
Joseph Nutting (Board Vice Chairman)
  • Compensation: $19,569
  • Related: $0
  • Other: $0
Evelyn D Grendahl (Board Treasurer)
  • Compensation: $19,569
  • Related: $0
  • Other: $0
Steve Porter (Board Member)
  • Compensation: $15,763
  • Related: $0
  • Other: $0
James Askey (Board Member)
  • Compensation: $15,763
  • Related: $0
  • Other: $0
Jil Click (Board Member)
  • Compensation: $15,763
  • Related: $0
  • Other: $0
Joan Durgin (Board Member)
  • Compensation: $15,763
  • Related: $0
  • Other: $0
Don Kitterman (Board Member)
  • Compensation: $15,763
  • Related: $0
  • Other: $0
Ronald Alan Odermott (Board Member)
  • Compensation: $13,725
  • Related: $0
  • Other: $0
Brian Loos (Board Member)
  • Compensation: $11,313
  • Related: $0
  • Other: $0
Arlene Hett (Board Member)
  • Compensation: $11,313
  • Related: $0
  • Other: $0
Eric Petracca (President/Ceo)
  • Compensation: $726,472
  • Related: $0
  • Other: $60,298
Dan Medak (Cfo)
  • Compensation: $266,200
  • Related: $0
  • Other: $22,179
Gayle Gustafson (Svp Chief Lending Officer)
  • Compensation: $271,907
  • Related: $0
  • Other: $40,739
Danette Lachapelle (Svp Chief Comm. Officer)
  • Compensation: $619,468
  • Related: $0
  • Other: $17,525
Jordan Lehrman (Svp Chief Technology Officer)
  • Compensation: $226,429
  • Related: $0
  • Other: $41,628
Ali Migaki (Svp Chief Retail Officer)
  • Compensation: $196,874
  • Related: $0
  • Other: $28,403
Kari Stansberry (Svp Chief Admin. Officer)
  • Compensation: $267,463
  • Related: $0
  • Other: $63,777
Ryan Greenwood (Investment Svcs Financial Advisor)
  • Compensation: $267,278
  • Related: $0
  • Other: $43,013
Jeremy Wiersma (Vp Business Services)
  • Compensation: $222,703
  • Related: $0
  • Other: $17,314
Jon Davis (Vp Investment Services)
  • Compensation: $208,624
  • Related: $0
  • Other: $39,079
Denis Marsh (Vp Insurance Services)
  • Compensation: $203,738
  • Related: $0
  • Other: $34,030
Dianne Smith (Vp Mortgage Services)
  • Compensation: $182,644
  • Related: $0
  • Other: $31,043


Official website here: www.iqcu.com

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

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.

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Impact




October, 2024

Iq Credit Union significantly enhances the financial well-being of its 102,478 members by offering a comprehensive range of quality financial services. With a commitment to convenience, efficiency, and security, the credit union provides essential services such as real estate loans, secured and unsecured consumer loans, checking and savings programs, and credit card services. Located in Vancouver, Washington, Iq Credit Union prioritizes the needs of its membership, ensuring that individuals and families have access to the financial tools necessary for achieving their goals and improving their financial stability. Their impact is felt not only through individual transactions but also in fostering a sense of community and trust among members.




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.


Financials

This financial information is from Propublica.

Revenue
$92,392,104 (2022)
Expenses
$68,013,244 (2022)
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

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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

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