Overview
What is Credit Unions In The State Of Washington?
Credit Unions in the State of Washington, specifically WCLA Credit Union, is a nonprofit organization located in Olympia, WA. This cooperative-owned credit union, operating under section 501(c)(14), serves around 1300 members with financial services, such as loan and share accounts. The primary mission of WCLA Credit Union, as outlined in the Credit Union Act and Charter, is to foster thrift among its members and offer them a reliable source of credit at reasonable interest rates, for purposes like saving, investing, and education. Additionally, WCLA Credit Union is committed to upholding its mandate of serving its members by providing them with the opportunity to assist one another. The credit union employs a team of 11 individuals.
Official website here: www.loggerscu.com
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: $423,518
Professional Fundraising Fees: $0
Other Salaries and Wages: $640,881
For more financial information, click here
Official website here: www.loggerscu.com
What is the mission statement of Credit Unions In The State Of Washington?
Credit Unions In The State Of Washington, as per their mission statement, are committed to serving their members in accordance with the Credit Union Act and Charter. Their primary objective is to provide members with the opportunity to assist one another. This Credit Union is dedicated to fostering thrift among its members and establishing a reliable source of credit for them at reasonable interest rates, intended for provident, productive, and educational purposes.
Official website here: www.loggerscu.com
Who is the CEO of Credit Unions In The State Of Washington?
Brian Bahs is the Ceo of Credit Unions In The State Of Washington. The CEO's salary of Credit Unions In The State Of Washington is $211,994 and their total compensation is $260,761.
Official website here: www.loggerscu.com
What is the revenue of Credit Unions In The State Of Washington?
Credit Unions In The State Of Washington's revenue in 2022 was $4,805,728.
Official website here: www.loggerscu.com
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 $96,764. There are 11 employees and 11 volunteers at Credit Unions In The State Of Washington.
Here are 11 key members and their salaries (Credit Unions In The State Of Washington's CEO's salary is $211,994 and their total compensation is $260,761):
- Compensation: $211,994
- Related: $0
- Other: $48,767
- Compensation: $152,115
- Related: $0
- Other: $33,532
- Compensation: $145,623
- Related: $0
- Other: $29,879
- Compensation: $143,311
- Related: $0
- Other: $25,484
- Compensation: $108,205
- Related: $0
- Other: $24,588
- 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.loggerscu.com
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.loggerscu.com
Learn more at the official website: www.loggerscu.com
Mission Statement of Credit Unions In The State Of Washington
Credit Unions in the State of Washington, identified as WCLA Credit Union, is dedicated to serving its members in accordance with the Credit Union Act and Charter. This mission is centered around providing members with opportunities to support one another, embodying the cooperative spirit. The primary purpose of this nonprofit organization is to foster thrift among its members and serve as a reliable source of credit, offering competitive interest rates for loans intended for provident, productive, and educational purposes. By doing so, WCLA Credit Union aims to contribute positively to its members' financial well-being, empowering them to make prudent financial decisions and improve their lives.
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Impact
October, 2024
Credit Unions in the State of Washington play a vital role in the financial ecosystem by offering accessible financial services tailored to their members' needs. Based in Olympia, the WCLA Credit Union serves around 1,300 members, providing services such as loans and share accounts, which are essential for individual financial management and growth.
These credit unions operate under the framework of the Credit Union Act and Charter, focusing on promoting thrift and enabling members to achieve their financial goals with fair interest rates. Their member-driven model fosters a sense of community, empowering individuals to support one another in their financial journeys.
Furthermore, the cooperative nature of credit unions ensures that profits are reinvested into member services, enhancing the overall financial health of the community. This approach not only helps individuals secure credit for provident, productive, and educational purposes but also contributes to the broader economic stability of the state. By prioritizing member assistance and financial empowerment, Credit Unions in Washington make a significant impact on their members’ well-being and the community as a whole.
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: $298,407
- Program Service Revenue: $4,507,321
- Gross Receipts: $4,805,728
Assets and Liabilities:
- Total Assets: $103,660,940
- Total Liabilities: $86,124,692
- Net Assets: $17,536,248
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Commercial & Consumer Loan Interest
Revenue
$3,934,988
Member Fee Income
Revenue
$490,634
Other Operating Income
Revenue
$58,891
Credit Card Interchange Income
Revenue
$18,941
Loan Participation Service Fees
Revenue
$3,867
Organization Details
Founding Year
1985
Phone
(360) 352-5033Principal Officer
Brian Bahs
Main Address
PO Box 207, Olympia, WA, 985070207
Website
www.loggerscu.comNTEE Category
Code: W60 - Public benefit
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