WHITE RIVER CREDIT UNION

EIN: 910599107

ENUMCLAW, WA

Total Revenue
$7,261,286
Total Expenses
$5,975,179
Total Assets
$115,260,784
Net Assets
$17,762,120
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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
WA
Principal Officer
BRANDY FIELDING
Phone
3608254833
Tax Period
2024-01-01 to 2024-12-31

WHITE RIVER CREDIT UNION, founded in 1952, is a community nonprofit that reported $7.3M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.3M, a strong 18% operating margin.

Mission

TO PROVIDE QUALITY SERVICE TO OUR MEMBER/OWNERS AND A FULL RANGE OF COMPETITIVE FINANCIAL PRODUCTS WITH PERSONAL, CARING AND EFFICIENT SERVICE.

Program Service Accomplishments

Program 1

WHITE RIVER CREDIT UNION, LOCATED IN ENUMCLAW, WASHINGTON IS 8,400 MEMBERS STRONG WITH $115,000,000 IN ASSETS. THE CREDIT UNION WAS FOUNDED IN 1952 AND ORIGINALLY SERVED WEYERHAUSER EMPLOYEES. SINCE...

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WHITE RIVER CREDIT UNION, LOCATED IN ENUMCLAW, WASHINGTON IS 8,400 MEMBERS STRONG WITH $115,000,000 IN ASSETS. THE CREDIT UNION WAS FOUNDED IN 1952 AND ORIGINALLY SERVED WEYERHAUSER EMPLOYEES. SINCE THEN, MEMBERSHIP HAS BEEN EXPANDED TO INCLUDE THE ENUMCLAW COMMUNITY AND THE GREATER SOUTH SOUND REGION. OUR CREDIT UNION PROVIDES BASIC FINANCIAL SERVICES INCLUDING SHARE DRAFTS (CHECKING), SHARE ACCOUNTS (SAVINGS), LOANS, AND OTHER SERVICES. BUT, WE DO A LOTMORE. SOME OF THE UNIQUE SERVICES INCLUDE: -SAVINGS SECURED CREDIT CARDS-WIRES-MONEY ORDERS OUR CREDIT UNION EXISTS TO HELP PEOPLE, NOT MAKE A PROFIT. OUR GOAL IS TO SERVE OUR ENTIRE MEMBERSHIP WELL, INCLUDING THOSE OF MODEST MEANS. OUR COMMITMENT TO OUR MEMBERS - WE ALSO REACH OUT TO MEMBERS OR POTENTIAL MEMBERS WHO ARE UNDERSERVED. MEMBERS AT WHITE RIVER CREDIT UNION CAN OPEN AN ACCOUNT WITH $25. ALL OF THOSE MEMBERS HAVE ACCESS TO OUR FULL RANGE OF FINANCIAL SERVICES. WHITE RIVER CREDIT UNION DOES MUCH TO HELP MEMBERS IN NEED:-FINANCIAL AND DEBT COUNSELING FOR INDIVIDUALS-SMALL BALANCE LOANS TO TIDE MEMBERS OVER UNTIL PAYDAY-SHARE SECURED LOANS, INCLUDING CREDIT CARDSOUR COMMITMENT TO COMMUNITY FINANCIAL EDUCATION & LITERACY - PROMOTING FINANCIAL LITERACY HAS BEEN A PRIMARY MISSION OF CREDIT UNIONS SINCE THEY WERE ESTABLISHED. EDWARD A. FILENE, THE FATHER OF THE AMERICAN CREDIT UNION MOVEMENT IN 1908 SAID, "CREDIT UNIONS ARE EDUCATIONAL INSTITUTIONS." OUR INTENT IS TO TEACH PEOPLE WISE MONEY MANAGEMENT SKILLS THEY CAN USE TO MAKE THEIR ENTIRE LIVES BETTER. GOOD GOVERNANCE AND DIVERSITY - CREDIT UNIONS EXIST TO SERVE ALL MEMBERS EQUALLY, WITH DIGNITY, RESPECT, AND CONSIDERATION. WE STRIVE TO SERVE EVERYONE WHO NEEDS FINANCIAL SERVICES WITHIN OUR MEMBERSHIP AND TO BE SENSITIVE TO THE INDIVIDUAL NEEDS OF THE VARIOUS CULTURES WE SERVE. OUR EMPLOYEES AND VOLUNTEERS REFLECT THE DIVERSITY OF OUR MEMBERSHIP.THE CREDIT UNION MOVEMENT - CREDIT UNIONS DON'T JUST EXIST TO PROVIDE FINANCIAL SERVICES - WE PROVIDED FINANCIAL SERVICES FOR THE PURPOSE OF IMPROVING LIVES. WHILE OUR FIRST RESPONSIBILITY IS TO OUR MEMBERS, PART OF BEING A COOPERATIVE MOVEMENT MEANS LOOKING BEYOND OUR WALLS TO THE LARGER COMMUNITY. THIS PHILOSOPHY LEADS US TO SUPPORT WORTHWHILE CHARITABLE AND SOCIAL CAUSES, AND TO WORK WITH OTHER CREDIT UNIONS.IN OUR CREDIT UNION, WE REACH OUT BY:-COOPERATING IN ALLIANCES AND PARTNERSHIPS TO BETTER SERVE OUR MEMBERS AND COMMUNITY-SPONSORING FOOD DRIVES FOR THE LOCAL FOOD BANK-SUPPORTING THE CHILDREN'S MIRACLE NETWORK, TOYS FOR TOTS, AND ADOPT A FAMILY PROGRAMS-BEING ACTIVE PARTICIPANTS IN LOCAL SERVICE ORGANIZATIONS INCLUDING ROTARY-ESTABLISHING ELECTRONIC FUNDS TRANSFER (EFT) ACCOUNTS-SHARING OUR RESOURCES, EQUIPMENT AND PERSONNEL TO CREDIT UNIONS IN NEED.-ENCOURAGING OUR STAFF AND VOLUNTEERS TO SUPPORT OUR LOCAL CREDIT UNION CHAPTER

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $6,086,199
Investment Income $1,175,087
Other Revenue $0
TOTAL REVENUE $7,261,286

Expense Breakdown

Grants Paid $4,998
Salaries & Benefits $1,751,460
Fundraising Expenses $0
Other Expenses $4,218,721
TOTAL EXPENSES $5,975,179

Year-over-Year Comparison

2024 2023 Change
Revenue $7,261,286 $6,562,021 +0.1%
Expenses $5,975,179 $5,177,680 +0.2%
Net Income $1,286,107 $1,384,341 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
30
Volunteers
10

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
4
$284,337
Total Directors
11
$77,957
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRANDY FIELDING PRESIDENT & CEO 50.00
Officer
$188,159 $18,221 $206,380
MARIA HANSEN VP OF OPERATIONS 40.00
Highest
$115,686 $5,784 $121,470
CHRISTINE DORN VP OF LENDING 40.00
Highest
$103,931 $14,502 $118,433
SADIE CAPPS SECRETARY & VP OF COMPLIANCE/HR 34.50
Officer Director
$65,851 $12,106 $77,957
TODD HUIZENGA BOARD CHAIR 1.00
Officer Director
$0 $0 $0
GARY MCGILLIVRAY BOARD VICE CHAIR 0.50
Officer Director
$0 $0 $0
LINDA BARNES BOARD MEMBER 0.50
Director
$0 $0 $0
DENNIS DEVLIN BOARD MEMBER 0.50
Director
$0 $0 $0
ERIC HYATT BOARD MEMBER 0.50
Director
$0 $0 $0
PETER KIRCHNER BOARD MEMBER 0.50
Director
$0 $0 $0
VENESSA KOEHN BOARD MEMBER 0.50
Director
$0 $0 $0
MARY KNUTSON BOARD MEMBER 0.50
Director
$0 $0 $0
TONY RYAN BOARD MEMBER 0.50
Director
$0 $0 $0
LEE BLECHSCHMIDT BOARD MEMBER 0.50
Director
$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
2024 $7,261,286 $5,975,179 $115,260,784 $1,286,107
2023 $6,562,021 $5,177,680 $119,708,505 $1,384,341
2022 $5,041,563 $4,557,718 $124,008,865 $483,845
2021 $4,031,020 $3,363,752 $119,235,607 $667,268
2020 $4,027,465 $3,176,944 $100,685,737 $850,521
2019 $3,821,063 $2,777,936 $84,607,639 $1,043,127
2018 $3,462,558 $2,591,748 $80,584,971 $870,810
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