Overview
What is Northwest Plus Credit Union?
Established in 1939, Northwest Plus Credit Union is a member-owned financial institution that serves the residents and workers of Washington State. Originally catering to employees and family members of Frontier Communications, formerly known as GTE and Verizon, the credit union has expanded its scope to include anyone residing or employed within the state. Northwest Plus Credit Union's mission is to provide financial services, such as loans, to its members, aiming to return profits in the form of lower loan rates, higher savings rates, low fees, and innovative products. With a commitment to excellent service and quality products, the credit union strives to help its members financially prosper. As of December 31, 2022, the credit union had 17,484 members.
Official website here: www.nwpluscu.com
Is Northwest Plus Credit Union legitimate?
Northwest Plus Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Northwest Plus 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: $661,893
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,546,384
For more financial information, click here
Official website here: www.nwpluscu.com
What is the mission statement of Northwest Plus Credit Union?
Northwest Plus Credit Union's mission is centered around assisting its members financially by offering high-quality services and products. Established in 1939, the credit union initially catered to the employees and family members of Frontier Communications, later known as GTE and Verizon. Over time, its charter expanded to include anyone residing, working, or worshipping in Washington state.
The credit union's existence reflects the collective interests of its members, aiming to benefit the local communities it serves. Northwest Plus Credit Union provides a wide range of financial products and services, returning profits to its members in the form of lower loan rates, higher savings rates, low fees, and innovative products. This direct financial value is given back to the members, as opposed to being distributed to a limited number of stockholders, officers, or out-of-state owners, as is common in many banks. As of December 31, 2022, the credit union had 17,484 members.
Official website here: www.nwpluscu.com
Who is the CEO of Northwest Plus Credit Union?
Torrie Ramos is the Vice Chairman of Northwest Plus Credit Union. The CEO's salary of Northwest Plus Credit Union is $377,110 and their total compensation is $390,790.
Official website here: www.nwpluscu.com
What is the revenue of Northwest Plus Credit Union?
Northwest Plus Credit Union's revenue in 2022 was $11,218,832.
Official website here: www.nwpluscu.com
Who are the executives of Northwest Plus Credit Union and what are their salaries?
The average compensation at Northwest Plus Credit Union during 2022 was $47,181. There are 68 employees and 12 volunteers at Northwest Plus Credit Union.
Here are 11 key members and their salaries (Northwest Plus Credit Union's CEO's salary is $377,110 and their total compensation is $390,790):
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- Compensation: $159,067
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- Compensation: $133,961
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- Compensation: $377,110
- Related: $0
- Other: $13,680
Official website here: www.nwpluscu.com
Where can I find the form 990 for Northwest Plus Credit Union?
Northwest Plus Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nwpluscu.com
Learn more at the official website: www.nwpluscu.com
Mission Statement of Northwest Plus Credit Union
Northwest Plus Credit Union, established in 1939, is committed to providing financial services to its members. Their mission is centered around helping individuals get ahead financially through exceptional service and high-quality products. The credit union has expanded its reach beyond the employees and family members of Frontier Communications, now serving anyone who resides, works, or worships in Washington state. Northwest Plus Credit Union's existence is a testament to the collective interests of its members, aiming to benefit the local communities they serve. The credit union offers a wide array of financial products and services, returning the profit to its members in the form of lower loan rates, higher savings rates, low fees, and innovative products. This direct financial value is given back to the members, rather than being distributed to a limited number of stockholders, officers, or out-of-state owners, as is common with many banks. As of December 31, 2022, Northwest Plus Credit Union had 17,484 members.
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Impact
October, 2024
Northwest Plus Credit Union significantly impacts its community by providing essential financial services to anyone living or working in Washington. Since its founding in 1939, the organization has evolved from serving a specific group to welcoming all Washington residents, thereby broadening its reach and enhancing its contributions to the local economy.
With a diverse range of financial products—including loans, savings accounts, and innovative services—Northwest Plus Credit Union ensures that its members have access to affordable and beneficial financial solutions. By returning profits to its members rather than to stockholders, the credit union offers lower loan rates, higher savings rates, and minimal fees. This approach allows members to experience direct financial growth and empowerment.
As of December 31, 2022, Northwest Plus Credit Union served 17,484 members, reflecting a robust commitment to fostering financial stability within the community. The organization’s mission to help members achieve financial success is evident in its dedication to excellent service and quality products, which ultimately enriches the local community and bolsters economic well-being.
This information is meant to be a general summary of Northwest Plus 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,363,793
- Program Service Revenue: $9,731,347
- Gross Receipts: $11,221,390
Assets and Liabilities:
- Total Assets: $302,129,709
- Total Liabilities: $275,791,053
- Net Assets: $26,338,656
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$7,472,958
FEE INCOME
Revenue
$2,258,389
Organization Details
Founding Year
1939
Phone
(425) 297-1000Principal Officer
Torrie Ramos
Main Address
2821 HEWITT AVENUE, EVERETT, WA, 982013890
Website
www.nwpluscu.comNTEE Category
Code: W60 - Public benefit
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