Washington State Employees Credit Union

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

EIN: 910683062 ✦ Olympia, WA ✦ Designated as a 501(c)(14)

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Overview

What is Washington State Employees Credit Union?

Washington State Employees Credit Union is a nonprofit financial institution based in Olympia, Washington. Their primary mission is to cater to the financial needs of their members as mandated by the Credit Union Act and charters. They offer various checking and savings account options, enabling members to manage their budgets effectively while working towards their financial goals. Members can access their accounts around the clock using their debit or ATM card. Washington State Employees Credit Union is part of the CO-OP Network, granting members free access to over 25,000 ATMs across the United States. With a workforce of 910 employees, they aim to provide essential financial services to their members.


Official website here: www.wsecu.org

Is Washington State Employees Credit Union legitimate?

Washington State Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Washington State Employees 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: $4,848,943
Professional Fundraising Fees: $0
Other Salaries and Wages: $59,203,461

For more financial information, click here


Official website here: www.wsecu.org

What is the mission statement of Washington State Employees Credit Union?

The Washington State Employees Credit Union is committed to providing necessary financial services to its members, as mandated by the Credit Union Act and its charters. The organization offers a range of savings and checking account options to help members manage their budgets effectively and work towards their financial goals. Members have the flexibility to access their accounts at any time using their debit or ATM card, and WSECU is part of the Co-Op Network, allowing members free access to 25,000 ATMs nationwide. The credit union aims to create a platform for members to support each other financially and simplify their financial management.


Official website here: www.wsecu.org

Who is the CEO of Washington State Employees Credit Union?

Gary Swindler is the Board Chair of Washington State Employees Credit Union. The CEO's salary of Washington State Employees Credit Union is $720,752 and their total compensation is $852,914.


Official website here: www.wsecu.org

What is the revenue of Washington State Employees Credit Union?

Washington State Employees Credit Union's revenue in 2022 was $218,232,879.


Official website here: www.wsecu.org

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

The average compensation at Washington State Employees Credit Union during 2022 was $70,387. There are 910 employees and 32 volunteers at Washington State Employees Credit Union.


Here are 21 key members and their salaries (Washington State Employees Credit Union's CEO's salary is $720,752 and their total compensation is $852,914):


Carole Washburn (Board Chair)
  • Compensation: $1,828
  • Related: $0
  • Other: $0
Trudy Soucoup (Board Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Mah (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracy Guerin (Board Past Chair)
  • Compensation: $1,297
  • Related: $0
  • Other: $0
Veronica Bronkema (Board Member)
  • Compensation: $3,311
  • Related: $0
  • Other: $0
Marcus Glaspar (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stacia Hollar (Board Member)
  • Compensation: $1,026
  • Related: $0
  • Other: $0
Vikki Smith (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Vanderlinde (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Travis Matheson (Board Member)
  • Compensation: $2,400
  • Related: $0
  • Other: $0
Randy Gunderson (Chief Financial Officer)
  • Compensation: $748,366
  • Related: $0
  • Other: $126,533
Gary Swindler (President - Ceo)
  • Compensation: $1,128,000
  • Related: $0
  • Other: $256,303
Ben Morales (Chief Tech & Ops Officer/Ceo Qcf)
  • Compensation: $720,752
  • Related: $0
  • Other: $132,162
Sharon Whitehead (Chief Administrative Officer)
  • Compensation: $760,735
  • Related: $0
  • Other: $113,107
Paul Kirkbride (Chief Operating Officer)
  • Compensation: $540,773
  • Related: $0
  • Other: $125,702
Emily Friesen (Chief Marketing & Analytics Officer)
  • Compensation: $182,343
  • Related: $0
  • Other: $4,305
Jeff Reese (Financial Advisor)
  • Compensation: $261,763
  • Related: $0
  • Other: $35,049
Tanya Hill (Loan Officer)
  • Compensation: $317,166
  • Related: $0
  • Other: $43,548
Mary Evans (Loan Officer)
  • Compensation: $253,943
  • Related: $0
  • Other: $47,756
Cameron Brookshire (Loan Officer)
  • Compensation: $309,441
  • Related: $0
  • Other: $51,966
Jeff Amira (Loan Officer)
  • Compensation: $308,174
  • Related: $0
  • Other: $52,053


Official website here: www.wsecu.org

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

Washington State Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.wsecu.org

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

Mission Statement of Washington State Employees Credit Union

Washington State Employees Credit Union, or WSECU, is a financial institution dedicated to fulfilling the requirements set forth in the Credit Union Act and its charters. Its primary objective is to offer members essential financial services that they can mutually provide for one another.

Members of WSECU have diverse needs when it comes to managing their savings and checking accounts. To accommodate these differences, WSECU provides various checking account options. These options enable members to streamline their budgeting processes and work towards their financial objectives. With a debit or ATM card, members can access their accounts at all hours, making financial management more convenient. WSECU boasts partnerships with the CO-OP Network, ensuring its members have access to 25,000 free ATMs across the United States. This extensive network adds to the credit union's commitment to providing members with the necessary financial tools.

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Impact




October, 2024

Washington State Employees Credit Union (WSECU) plays a significant role in the financial well-being of its members by offering a variety of tailored services that cater to diverse financial needs. By providing flexible savings and checking accounts, WSECU enables its members to effectively manage their budgets and work toward their financial goals.

Members benefit from multiple checking options that align with their unique requirements, enhancing convenience and accessibility. With round-the-clock access to their accounts through debit and ATM cards, members can effortlessly navigate their financial activities. Furthermore, WSECU partners with the CO-OP network, granting members free access to over 25,000 ATMs nationwide, making it easier for them to access their funds anytime and anywhere.

The credit union’s commitment to providing essential financial services fosters a sense of community among its members, allowing them to support one another in achieving fiscal stability and growth. This impact is vital not only on an individual level but also enriches the broader community, as members are empowered to make informed financial decisions and pursue their aspirations.




This information is meant to be a general summary of Washington State Employees 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
$218,232,879 (2022)
Expenses
$200,999,720 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $16,402,549
  • Program Service Revenue: $200,879,924
  • Gross Receipts: $336,311,560

Assets and Liabilities:

  • Total Assets: $4,932,136,053
  • Total Liabilities: $4,588,792,197
  • Net Assets: $343,343,856

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Programs

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

MEMBER LOAN INTEREST

Revenue

$145,140,533

SERVICE FEES/CHARGES

Revenue

$55,884,719

OTHER INCOME

Revenue

$71,112

GAIN ON SALE OF LOANS

Revenue

-$216,440

Organization Details

Founding Year

1957

Principal Officer

Gary Swindler

Main Address

PO BOX WSECU, OLYMPIA, WA, 985070099

NTEE Category

Code: W60 - Public benefit

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