SEATTLE, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VERITY CREDIT UNION, founded in 1933, is a mid-sized nonprofit that reported $45.9M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion.
A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, VERITY CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.
VERITY CREDIT UNION IS A WASHINGTON STATE CHARTERED CREDIT UNION THAT SERVES 37,837 MEMBER OWNERS. VERITY'S PRIMARY FIELD OF MEMBERSHIP INCLUDES ALL INDIVIDUALS THAT RESIDE, WORK, WORSHIP, OR ATTEND...
VERITY CREDIT UNION IS A WASHINGTON STATE CHARTERED CREDIT UNION THAT SERVES 37,837 MEMBER OWNERS. VERITY'S PRIMARY FIELD OF MEMBERSHIP INCLUDES ALL INDIVIDUALS THAT RESIDE, WORK, WORSHIP, OR ATTEND SCHOOL IN ANY WASHINGTON STATE SCHOOL DISTRICT. VERITY OFFERS A FULL RANGE OF DEPOSIT, LOAN, AND INVESTMENT PRODUCTS AND SERVICES THROUGH SIX FULL BRANCHES, A CALL CENTER, AND ONLINE ACCOUNT SERVICES.
VERITY CREDIT UNION OFFERS A FULL-SERVICE INVESTMENT PROGRAM WITH TWO REGISTERED INVESTMENT REPRESENTATIVES AND A SUPPORT REPRESENTATIVE. AS OF DECEMBER 31, 2023, VERITY'S INVESTMENT SERVICES PROGRAM...
VERITY CREDIT UNION OFFERS A FULL-SERVICE INVESTMENT PROGRAM WITH TWO REGISTERED INVESTMENT REPRESENTATIVES AND A SUPPORT REPRESENTATIVE. AS OF DECEMBER 31, 2023, VERITY'S INVESTMENT SERVICES PROGRAM HAD 1,069 MEMBERS WHO HAVE 2,178 ACCOUNTS, AND $223,076,823 IN ASSETS UNDER MANAGEMENT.
VERITY CREDIT UNION OFFERS FREE FINANCIAL COUNSELING TO ITS MEMBERS. SPECIFIC SERVICES INCLUDE FINANCIAL PLANNING, DEBT MODIFICATION ON LOANS FROM VERITY AND OTHER CREDITORS, AND DIRECT ASSISTANCE IN...
VERITY CREDIT UNION OFFERS FREE FINANCIAL COUNSELING TO ITS MEMBERS. SPECIFIC SERVICES INCLUDE FINANCIAL PLANNING, DEBT MODIFICATION ON LOANS FROM VERITY AND OTHER CREDITORS, AND DIRECT ASSISTANCE IN UTILIZING THE GOVERNMENT SPONSORED MORTGAGE RELIEF PROGRAMS.
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 | $45,931,618 | $38,343,946 | +0.2% |
| Expenses | $45,645,854 | $30,623,047 | +0.5% |
| Net Income | $285,764 | $7,720,899 | -1.0% |
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 |
|---|---|---|---|---|---|---|
| WILL COLLINS | CHAIRPERSON | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHELLE PHAM | VICE CHAIRPERSON | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| NICHOLAS ETSCHEID | BOARD SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| VIKASH CHHAGAN | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| CHAD KLEMME | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| PELIN MUHARREMOGLU | BOARD MEMBER (THRU 12/23) | 5.00 |
Director
|
$0 | $0 | $0 |
| DARIUS CHEHRZAD | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| TOM HOLZ | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| ALEX JOHNSON | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| WELEY NGUYEN | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| NANCY WOODLAND | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| TONITA WEBB | PRESIDENT - CEO | 40.00 |
Officer
|
$585,855 | $29,793 | $615,648 |
| BRAD TANBERG | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$330,565 | $26,241 | $356,806 |
| TINA NARRON | CHIEF LENDING OFFICER | 40.00 |
Key Emp
|
$249,419 | $21,608 | $271,027 |
| JASON HIRL | CHIEF TECHNOLOGY OFFICER | 40.00 |
Key Emp
|
$243,382 | $21,403 | $264,785 |
| ANGELA LOWE | CHIEF HUMAN RESOURCE (THRU 1/23) | 40.00 |
Key Emp
|
$161,826 | $5,464 | $167,290 |
| JOSH SIDELL | CHIEF EXPERIENCE OFFICER | 40.00 |
Key Emp
|
$213,073 | $10,638 | $223,711 |
| ALMA GRANIC | CHIEF RISK OFFICER | 40.00 |
Key Emp
|
$232,846 | $23,631 | $256,477 |
| ZIQUORA BANKS | CHIEF IMPACT STRATEGY OFFICER | 40.00 |
Key Emp
|
$213,072 | $17,811 | $230,883 |
| JOHN BENNER | DIRECTOR OF SMALL BUSINESS | 40.00 |
Highest
|
$187,000 | $18,020 | $205,020 |
| KEN BUTLER | DIRECTOR OF INVESTMENT SERVICES | 40.00 |
Highest
|
$232,076 | $20,228 | $252,304 |
| GREG VERMILION | DIRECTOR OF IT | 40.00 |
Highest
|
$175,302 | $22,123 | $197,425 |
| PAUL MCJANNET | DIRECTOR OF E-COMMERCE | 40.00 |
Highest
|
$158,252 | $15,130 | $173,382 |
| JAVIER D'AGUSTINI | CONTROLLER | 40.00 |
Highest
|
$164,114 | $19,507 | $183,621 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $45,931,618 | $45,645,854 | $829,447,323 | $285,764 |
| 2023 | $45,304,618 | $45,018,854 | $840,507,603 | $285,764 |
| 2022 | $38,343,946 | $30,623,047 | $865,179,017 | $7,720,899 |
| 2021 | $35,849,734 | $28,147,812 | $786,265,441 | $7,701,922 |
| 2020 | $32,916,475 | $31,338,323 | $692,415,165 | $1,578,152 |
| 2019 | $35,340,037 | $31,432,617 | $632,831,218 | $3,907,420 |
| 2018 | $30,676,718 | $26,867,176 | $586,322,977 | $3,809,542 |
Compare VERITY CREDIT UNION with other nonprofits in Washington and across the country.