SEATTLE, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SEATTLE METROPOLITAN CREDIT UNION, founded in 1933, is a mid-sized nonprofit that reported $57.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.
TO PROMOTE THRIFT AMONG ITS MEMBERS, SERVE THE UNDERSERVED IN THE SEATTLE METROPOLITAN AREA, AND TO PROVIDE FINANCIAL SERVICES AND TO CREATE A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST FOR PROVIDENT, PRODUCTIVE AND EDUCATIONAL PURPOSES.
SEATTLE METROPOLITAN CREDIT UNION (SMCU) HAS BEEN PROVIDING SERVICES TO ITS MEMBERS SINCE 1933. SINCE ITS INCEPTION, SMCU HAS CONSIDERED ITSELF AN ADVOCATE FOR ITS MEMBERS BY PROVIDING MEMBER-CENTRIC...
SEATTLE METROPOLITAN CREDIT UNION (SMCU) HAS BEEN PROVIDING SERVICES TO ITS MEMBERS SINCE 1933. SINCE ITS INCEPTION, SMCU HAS CONSIDERED ITSELF AN ADVOCATE FOR ITS MEMBERS BY PROVIDING MEMBER-CENTRIC FINANCIAL SERVICES AND FINANCIAL LITERACY EDUCATION AT LOW OR NO COST.
AS OF DECEMBER 31, 2023, SMCU HAD 55,314 MEMBERS. THESE MEMBERS PARTICIPATED IN 31,075 LOAN AND 105,237 DEPOSIT PRODUCTS. SMCU'S LOAN OFFERINGS INCLUDE A WIDE RANGE OF OPTIONS FROM STANDARD AUTO...
AS OF DECEMBER 31, 2023, SMCU HAD 55,314 MEMBERS. THESE MEMBERS PARTICIPATED IN 31,075 LOAN AND 105,237 DEPOSIT PRODUCTS. SMCU'S LOAN OFFERINGS INCLUDE A WIDE RANGE OF OPTIONS FROM STANDARD AUTO LOANS, MORTGAGES AND LINES OF CREDIT, TO MORE SEGMENTED PRODUCTS INCLUDING MOTORCYCLES, CLASSIC CARDS, BOATS, RECREATIONAL VEHICLES, AND AIRCRAFT LOANS. SMCU HAS ALSO RECENTLY EXTENDED ITS LOAN PRODUCTS TO INCLUDE BUSINESS LOANS TO QUALIFIED MEMBERS. ALL LOAN PRODUCTS COME IN A VARIETY OF TERMS TO PROVIDE PAYMENT OPTIONS THAT BEST SUIT THE MEMBERSHIP'S NEEDS.
MEMBERS HAVE THE SAME VARIETY OF SELECTION ON THE DEPOSIT SIDE OF THE PRODUCT LINE WITH OFFERINGS RANGING FROM BASIC CHECKING AND SAVINGS ACCOUNTS TO IRAS, CERTIFICATES, MONEY MARKETS AND HIGH-YIELD...
MEMBERS HAVE THE SAME VARIETY OF SELECTION ON THE DEPOSIT SIDE OF THE PRODUCT LINE WITH OFFERINGS RANGING FROM BASIC CHECKING AND SAVINGS ACCOUNTS TO IRAS, CERTIFICATES, MONEY MARKETS AND HIGH-YIELD ACCOUNTS. SMCU ALSO OFFERS BUSINESS ACCOUNTS AND INVESTMENT SERVICES THAT ARE DESIGNED TO MAINTAIN THE MEMBER'S BEST INTEREST. AS AN ADVOCATE FOR ITS MEMBERSHIP, SMCU PLACES A HIGH PRIORITY ON EDUCATIONAL RESOURCES. AS A RESULT, SMCU HAS INVESTED IN ONLINE APPLICATIONS TO HELP MEMBERS MAKE DECISIONS RELATED TO PLANNING, BORROWING, BUDGETING AND PROTECTING THEIR CREDIT. LIFE VISION AND MORTGAGE ADVISOR ARE TWO TOOLS OFFERED ON PERSONAL FINANCES AND RESPECTIVES FROM HOME AND FAMILY FINANCE ON CAR BUYING, CREDIT PROTECTION AND BUDGETING. FOR THOSE MEMBERS WHO PREFER TO SPEAK TO SOMEONE IN PERSON, SMCU PROVIDES FREE CREDIT COUNSELING THROUGH "BALANCE," A FINANCIAL FITNESS PROGRAM THAT FOCUSES ON MONEY MANAGEMENT IN ADDITION TO IDENTITY THEFT PREVENTION AND ASSISTANCE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $57,735,407 | $48,414,512 | +0.2% |
| Expenses | $57,344,108 | $43,097,250 | +0.3% |
| Net Income | $391,299 | $5,317,262 | -0.9% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RICHARD ROMERO | PRESIDENT/CEO/TREASURER | 40.00 |
Officer
Director
|
$776,656 | $221,901 | $998,557 |
| KELLY EARNEST | CHIEF PEOPLE OFFICER | 40.00 |
Officer
|
$344,972 | $167,095 | $512,067 |
| DAVID MEANS | CHIEF INFORMATION OFFICER | 40.00 |
Officer
|
$352,738 | $156,718 | $509,456 |
| LEE PIERCE | CHIEF LENDING OFFICER | 40.00 |
Officer
|
$337,163 | $90,091 | $427,254 |
| KHAMSAY VONGCHANTHA | VP OF RISK MANAGEMENT | 40.00 |
Key Emp
|
$301,760 | $34,030 | $335,790 |
| SARAH LA-NGUYEN | SVP TALENT MANAGEMENT | 40.00 |
Highest
|
$265,022 | $70,374 | $335,396 |
| MAHLON MCCALEB | CFO (THRU 8/23) | 40.00 |
Officer
|
$292,000 | $11,792 | $303,792 |
| MELE MILLER | COO (THRU 2/23) | 40.00 |
Officer
|
$248,812 | $7,532 | $256,344 |
| PAMELA FUENTES | VP LOAN DOCUMENTATION AND OPERATIONS MANAGER | 40.00 |
Highest
|
$187,539 | $37,376 | $224,915 |
| JANINE YOUNT | VP BUSINESS PARTNER MANAGER | 40.00 |
Highest
|
$182,876 | $22,314 | $205,190 |
| SARAH ENDICOTT | VP MORTGAGE LENDING | 40.00 |
Highest
|
$169,626 | $21,476 | $191,102 |
| MICHAEL WHITEMAN | VP DIGITAL TRANSFORMATION | 40.00 |
Highest
|
$163,250 | $23,679 | $186,929 |
| TERRI GIANNETTI | CXO | 40.00 |
Officer
|
$162,082 | $13,424 | $175,506 |
| DONNA RANSIER | VP OF IT (THRU 2/23) | 40.00 |
Key Emp
|
$164,683 | $4,872 | $169,555 |
| CARLOS RUIZ | BOARD CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBIN HARMON | BOARD VICE CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| REBECCA KERR | BOARD SECRETARY (THRU 3/23) | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| PAUL HIGGINBOTHAM | BOARD SECRETARY | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBIN SHULER | BOARD MEMBER | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHAHZAD QADRI | BOARD MEMBER | 4.00 |
Director
|
$0 | $0 | $0 |
| DEANNA CLARK | BOARD MEMBER (THRU 3/23) | 4.00 |
Director
|
$0 | $0 | $0 |
| JONELLE JOHNSON | BOARD MEMBER (THRU 3/23) | 4.00 |
Director
|
$0 | $0 | $0 |
| JORDAN GRANT | BOARD MEMBER | 4.00 |
Director
|
$0 | $0 | $0 |
| JOE DAVILA | BOARD MEMBER (THRU 3/23) | 4.00 |
Director
|
$0 | $0 | $0 |
| NELSON REYNERI | BOARD MEMBER | 4.00 |
Director
|
$0 | $0 | $0 |
| MARI HORITA | BOARD MEMBER | 4.00 |
Director
|
$0 | $0 | $0 |
| JOSH CANADY | BOARD MEMBER | 4.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $57,735,407 | $57,344,108 | $1,114,328,070 | $391,299 |
| 2022 | $48,414,512 | $43,097,250 | $1,075,826,706 | $5,317,262 |
| 2021 | $41,882,424 | $42,352,157 | $1,060,154,632 | $-469,733 |
| 2020 | $43,119,344 | $40,661,754 | $959,707,663 | $2,457,590 |
| 2019 | $43,488,749 | $41,177,440 | $831,539,595 | $2,311,309 |
| 2018 | $41,364,422 | $39,197,170 | $855,470,364 | $2,167,252 |
Compare SEATTLE METROPOLITAN CREDIT UNION with other nonprofits in Washington and across the country.