SEATTLE, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SALAL CREDIT UNION, founded in 1948, is a mid-sized nonprofit that reported $75.0M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $68.2M left a modest 9% surplus.
WE ELIMINATE FINANCIAL OBSTACLES TO HELP EVERYDAY VISIONARIES REALIZE THEIR FULL POTENTIAL.
SALAL CREDIT UNION IS A STATE CHARTERED NON-PROFIT COOPERATIVE CREDIT UNION OFFERING ITS MEMBERS A VARIETY OF FINANCIAL SERVICES DESIGNED TO PROMOTE SAVING AND PROVIDE CREDIT AT FAIR AND REASONABLE...
SALAL CREDIT UNION IS A STATE CHARTERED NON-PROFIT COOPERATIVE CREDIT UNION OFFERING ITS MEMBERS A VARIETY OF FINANCIAL SERVICES DESIGNED TO PROMOTE SAVING AND PROVIDE CREDIT AT FAIR AND REASONABLE RATES OF INTEREST. SALAL CREDIT UNION CURRENTLY SERVES 58,000 MEMBERS; HOWEVER THERE ARE APPROXIMATELY 4,000,000 POTENTIAL MEMBERS IN THE GREATER PUGET SOUND COMMUNITY.
SALAL CREDIT UNION OFFERS FINANCIAL LITERACY/EDUCATION PROGRAMS THROUGH BALANCE FINANCIAL FITNESS PROGRAM TO MEMBERS AND EMPLOYEES. THESE EDUCATIONAL PROGRAMS ARE DESIGNED TO HELP INDIVIDUALS IN...
SALAL CREDIT UNION OFFERS FINANCIAL LITERACY/EDUCATION PROGRAMS THROUGH BALANCE FINANCIAL FITNESS PROGRAM TO MEMBERS AND EMPLOYEES. THESE EDUCATIONAL PROGRAMS ARE DESIGNED TO HELP INDIVIDUALS IN BUDGETING, SAVING FOR MAJOR PURCHASES, COLLEGE, AND RETIREMENT AND OVERALL FINANCIAL MANAGEMENT.
SALAL CREDIT UNION IS ACTIVE IN THE COMMUNITY BY CONTRIBUTING TO THE FUNDRAISING EFFORTS OF SEVERAL WORTHWHILE ORGANIZATIONS SUCH AS HEALTHPOINT, INTERNATIONAL COMMUNITY HEALTH SERVICES (ICHS)...
SALAL CREDIT UNION IS ACTIVE IN THE COMMUNITY BY CONTRIBUTING TO THE FUNDRAISING EFFORTS OF SEVERAL WORTHWHILE ORGANIZATIONS SUCH AS HEALTHPOINT, INTERNATIONAL COMMUNITY HEALTH SERVICES (ICHS), NORTHWEST CREDIT UNION FOUNDATION, NORTHWEST HARVEST, AND KING COUNTY NURSES ASSOCIATION. SALAL CREDIT UNION ALSO PROVIDES MATCHING CONTRIBUTIONS FOR EMPLOYEES AND DIRECTORS TO APPROVED 501(C)(3) ORGANIZATIONS UP TO $500 PER YEAR.
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 | $74,965,948 | $63,361,594 | +0.2% |
| Expenses | $68,206,763 | $57,114,018 | +0.2% |
| Net Income | $6,759,185 | $6,247,576 | +0.1% |
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 |
|---|---|---|---|---|---|---|
| BRIAN LUONG | BOARD CHAIR | 1.38 |
Officer
Director
|
$0 | $0 | $0 |
| ALAN LEDERMAN | VICE CHAIR | 1.38 |
Officer
Director
|
$0 | $0 | $0 |
| CATHERINE BAILEY | BOARD SECRETARY | 1.38 |
Officer
Director
|
$0 | $0 | $0 |
| DICK WOO | BOARD MEMBER | 0.75 |
Director
|
$0 | $0 | $0 |
| SOPHIE BROUGHAM | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NISHAT AKHTER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| QUYNH NGUYEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ALI SEALS | BOARD MEMBER (THRU 12/23) | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN ZIELONKA | BOARD MEMBER (THRU 12/23) | 1.00 |
Director
|
$0 | $0 | $0 |
| RUSSELL E ROSENDAL | PRESIDENT/CEO | 40.00 |
Officer
|
$1,381,803 | $42,177 | $1,423,980 |
| ROBERT W SCHWEIGERT | SVP - CHIEF LENDING OFFICER | 40.00 |
Officer
|
$288,023 | $29,448 | $317,471 |
| RANDY WILLIAM CLOES | SVP - CFO | 40.00 |
Officer
|
$282,860 | $30,080 | $312,940 |
| TROY-SKOTT POPE | SVP - CHIEF DIGITAL & STRATGEY OFFICER | 40.00 |
Officer
|
$286,569 | $16,967 | $303,536 |
| JUDY LOVELESS-MORRIS | SVP - CHIEF DIVERSITY & PEOPLE | 40.00 |
Officer
|
$270,721 | $26,602 | $297,323 |
| BRETT BALLMAN | VP - DIRECTOR OF BUSINESS BANKING | 40.00 |
Key Emp
|
$210,679 | $6,606 | $217,285 |
| KARI STENSLIE | VP - CONTROLLER | 40.00 |
Key Emp
|
$187,672 | $17,419 | $205,091 |
| CHRISTIAN GRUNERT | FVP - INFORMATION TECHNOLOGY | 40.00 |
Key Emp
|
$172,248 | $29,286 | $201,534 |
| SAMANTHA HARBERT | FVP - HOME LENDING & RETAIL BANKING | 40.00 |
Key Emp
|
$189,532 | $18,922 | $208,454 |
| MATTHEW W VANCE | VP - MARKETING & PROD. DEVELOPMENT | 40.00 |
Key Emp
|
$157,371 | $39,096 | $196,467 |
| EILEEN MAGNUSSON | VP - DIRECTOR HUMAN RESOURCES | 40.00 |
Key Emp
|
$154,103 | $32,337 | $186,440 |
| MUNZER J SUKHUN | VP - BUSINESS SERVICES | 40.00 |
Key Emp
|
$159,169 | $25,064 | $184,233 |
| SYLVIA POPE | VP - PROGRAM MANAGEMENT | 40.00 |
Key Emp
|
$152,058 | $16,931 | $168,989 |
| JAMES A MILLSAP | DEALER DIRECT ACCOUNT MANAGER | 40.00 |
Highest
|
$202,172 | $18,759 | $220,931 |
| MEGAN DESILVA | DEALER DIRECT SALES MANAGER | 40.00 |
Highest
|
$150,012 | $38,649 | $188,661 |
| KEITH PRICE | SENIOR MANAGER OF DATA STRATEGY & ANALYTICS | 40.00 |
Highest
|
$162,206 | $16,326 | $178,532 |
| MATTHEW HEITLAND | IT STRATEGY & INNOVATION SVP - APPLICATION DEVELOP | 40.00 |
Highest
|
$158,341 | $18,349 | $176,690 |
| KEVIN KNOWLES | VP - CREDIT ADMINISTRATION | 40.00 |
Highest
|
$147,538 | $33,668 | $181,206 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $74,965,948 | $68,206,763 | $1,217,780,482 | $6,759,185 |
| 2022 | $63,361,594 | $57,114,018 | $1,278,954,143 | $6,247,576 |
| 2021 | $53,428,759 | $44,265,058 | $1,076,834,962 | $9,163,701 |
| 2020 | $52,975,542 | $43,765,501 | $992,751,176 | $9,210,041 |
| 2019 | $45,513,964 | $36,077,128 | $737,187,544 | $9,436,836 |
| 2018 | $34,926,129 | $30,673,939 | $656,178,772 | $4,252,190 |
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