CREDIT UNIONS IN THE STATE OF WASHINGTON

EIN: 910565155

LONGVIEW, WA

Total Revenue
$56,003,115
Total Expenses
$52,190,799
Total Assets
$1,160,865,790
Net Assets
$120,492,283
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1937
Legal Domicile
WA
Principal Officer
David Spaulding
Phone
3604252130
Tax Period
2023-01-01 to 2023-12-31

CREDIT UNIONS IN THE STATE OF WASHINGTON, founded in 1937, is a mid-sized nonprofit that reported $56.0M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $52.2M left a modest 7% surplus.

Mission

STATE CHARTERED CREDIT UNION

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $49,178,208
Investment Income $4,733,776
Other Revenue $2,091,131
TOTAL REVENUE $56,003,115

Expense Breakdown

Grants Paid $98,739
Salaries & Benefits $23,176,740
Fundraising Expenses $0
Program Expenses $0
Other Expenses $28,915,320
TOTAL EXPENSES $52,190,799

Year-over-Year Comparison

2023 2022 Change
Revenue $56,003,115 $47,686,849 +0.2%
Expenses $52,190,799 $39,861,267 +0.3%
Net Income $3,812,316 $7,825,582 -0.5%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
9
Independent Members
9
Employees
280
Volunteers
12

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$3,384,412
Total Directors
8
$0
Key Employees
7
$1,438,877
Highest Compensated
26
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Spaulding President/CEO 45
Officer
$1,231,057 $64,621 $1,295,678
Rich Wilson CFO 45
Officer
$384,375 $68,141 $452,516
Tim Amato CLO 45
Officer
$316,639 $56,389 $373,028
Deidra Miner COO 45
Officer
$334,919 $31,569 $366,488
Amy Davis CMO 45
Officer
$260,714 $49,282 $309,996
Kim Divine CHRO 45
Officer
$260,290 $45,638 $305,928
Elkan Wollenberg CIO 45
Officer
$256,841 $23,937 $280,778
Brett Nielsen Vice President of Business Lending 45
Key Emp
$221,360 $22,640 $244,000
Rod Snyder Vice President of Sales & Branch Operations 45
Key Emp
$207,793 $29,616 $237,409
Kelly Richter Vice President of Deposit Operations 45
Key Emp
$180,709 $36,968 $217,677
Mindy Tanner Vice President of Internal Audit 45
Key Emp
$179,027 $23,657 $202,684
Andrew Bellah Vice President of Home Lending 45
Key Emp
$176,093 $21,620 $197,713
Meredith Ellis IT Operations Manager 45
Key Emp
$148,897 $37,374 $186,271
Patty Greer Regional Manager 45
Highest
$146,356 $31,561 $177,917
Jack Little Information Security Manager 45
Highest
$136,661 $36,760 $173,421
Amanda Erickson Regional Manager 45
Highest
$135,001 $30,484 $165,485
Russ Peters B.I. Development Manager 45
Highest
$131,448 $31,277 $162,725
Theresa Beisse Home Loan Underwriting Manger 45
Highest
$126,486 $29,543 $156,029
Kathy Miller Branch Manager V 45
Highest
$121,388 $34,627 $156,015
James Fraley Vice President of Consumer Lending 45
Key Emp
$131,545 $21,578 $153,123
Hamilton McJunkin Compliance Manager 45
Highest
$129,212 $20,538 $149,750
Michelle Trekas Director of Employee Engagement 45
Highest
$117,247 $27,213 $144,460
Kathy Dibblee Branch Manager IV 45
Highest
$113,144 $31,009 $144,153
Tina Halsey Branch Manager IV 45
Highest
$115,483 $28,113 $143,596
Jarod Wallace Home Loan Production Manager 45
Highest
$127,319 $15,504 $142,823
Jim Jesska Senior Database Administrator 45
Highest
$114,897 $26,872 $141,769
Steve Tupper IT Enterprise Application Manager 45
Highest
$122,611 $19,117 $141,728
Vanessa Wagoner Branch Development Manager 45
Highest
$115,510 $21,297 $136,807
Ryan Kane Accounting Manager 45
Highest
$108,565 $25,789 $134,354
Angie Stempson Marketing Manager 45
Highest
$101,529 $31,461 $132,990
Jennifer Baker Home Loan Support/Compliance Manager 45
Highest
$107,731 $19,948 $127,679
Jessica Rutledge Collection Manager 45
Highest
$100,932 $26,473 $127,405
Brooke Lolnitz Branch Manager IV 45
Highest
$105,449 $18,657 $124,106
Alicia Wingren Systems Adminstrator 45
Highest
$100,952 $22,265 $123,217
Oliver Scott Business Loan Officer 45
Highest
$100,594 $21,662 $122,256
Shawna Maher Branch Development Manager 45
Highest
$103,809 $18,113 $121,922
Kris Randall Director of Contact Center 45
Highest
$102,791 $17,350 $120,141
Kimberly Gallagher Policy & Procedure Program Manager 45
Highest
$100,478 $18,300 $118,778
Anthony Curtis Director of Project Management 45
$103,562 $14,764 $118,326
Kevin Edwards Network Administrator 45
Highest
$101,188 $11,302 $112,490
Wendy Hall Board Member 1
Director
$0 $0 $0
Kurt Sacha Board Chairman 1
Director
$0 $0 $0
Erin Hart Board Vice Chair 1
Director
$0 $0 $0
Tamra Ghilchrist Board Member 1
Director
$0 $0 $0
Cindy Brado Board Treasurer 1
Director
$0 $0 $0
Vasiliy Pisarchuk Board Secretary 1.00
Director
$0 $0 $0
Malia AU Board Member 1
Director
$0 $0 $0
Mark Hottowe Board Member 1
Director
$0 $0 $0
Mike Claxton Board Member 1
Highest
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $56,003,115 $52,190,799 $1,160,865,790 $3,812,316
2022 $47,686,849 $39,861,267 $1,177,447,326 $7,825,582
2021 $43,664,942 $36,803,273 $1,189,148,852 $6,861,669
2020 $42,724,983 $38,271,966 $1,046,123,888 $4,453,017
2019 $42,293,365 $35,535,750 $840,046,409 $6,757,615
2018 $39,588,764 $35,332,866 $775,947,856 $4,255,898
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