OLYMPIA, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WASHINGTON STATE EMPLOYEES CREDIT UNION, founded in 1957, is a major nonprofit that reported $317.9M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $289.3M left a modest 9% surplus.
TO PROVIDE SERVICES TO MEMBERS WHICH ARE MANDATED IN THE CREDIT UNION ACT TO CHARTERS AND TO PROVIDE A MEANS WHEREBY MEMBERS CAN PROVIDE EACH OTHER WITH NEEDED FINANCIAL SERVICES.
SAVINGS AND CHECKING: WE KNOW DIFFERENT MEMBERS HAVE DIFFERENT NEEDS FROM THEIR CHECKING AND SAVINGS ACCOUNTS. THAT'S WHY WE OFFER VARIETY. WSECU CAN HELP MEMBERS MAKE MANAGING THEIR BUDGETS SIMPLER...
SAVINGS AND CHECKING: WE KNOW DIFFERENT MEMBERS HAVE DIFFERENT NEEDS FROM THEIR CHECKING AND SAVINGS ACCOUNTS. THAT'S WHY WE OFFER VARIETY. WSECU CAN HELP MEMBERS MAKE MANAGING THEIR BUDGETS SIMPLER AS THEY WORK TOWARD THEIR FINANCIAL GOALS. WE OFFER DIFFERENT CHECKING OPTIONS TO OUR MEMBERS. MEMBERS CAN ACCESS THEIR ACCOUNTS ANY TIME OF THE DAY OR NIGHT WITH THEIR DEBIT OR ATM CARD. WSECU IS A PROUD PARTNER OF THE CO-OP NETWORK, OFFERING MEMBERS FREE ACCESS TO 25,000 ATMS ACROSS THE UNITED STATES.
LOANS: FROM THE CARS MEMBERS DRIVE TO THE UNTAPPED EQUITY IN THEIR HOMES, WSECU LOANS ARE DESIGNED TO GIVE MEMBERS THE UTMOST BUYING POWER AND PAYMENT FLEXIBILITY. BACKED WITH OUR OUTSTANDING...
LOANS: FROM THE CARS MEMBERS DRIVE TO THE UNTAPPED EQUITY IN THEIR HOMES, WSECU LOANS ARE DESIGNED TO GIVE MEMBERS THE UTMOST BUYING POWER AND PAYMENT FLEXIBILITY. BACKED WITH OUR OUTSTANDING SERVICE, THERE IS SIMPLY NO BETTER PLACE TO GO FOR MEMBERS' LENDING NEEDS.
CREDIT CARDS: WSECU PROVIDES A VARIETY OF CREDIT CARD OPTIONS TO MEET THE VARIED LIFESTYLES OF OUR MEMBERS. EACH OPTION INCLUDES THE VALUE OF A VARIABLE INTEREST RATE, NO ANNUAL FEE, PLUS THE...
CREDIT CARDS: WSECU PROVIDES A VARIETY OF CREDIT CARD OPTIONS TO MEET THE VARIED LIFESTYLES OF OUR MEMBERS. EACH OPTION INCLUDES THE VALUE OF A VARIABLE INTEREST RATE, NO ANNUAL FEE, PLUS THE COST-SAVINGS BENEFIT OF A 25-DAY GRACE PERIOD ON NEW PURCHASES - AND THE PURCHASING POWER OF THE MOST RECOGNIZED CREDIT CARD IN THE WORLD. EACH OF OUR CREDIT CARD OPTIONS PROVIDES UNIQUE FEATURES AND BENEFITS. FROM HIGHER SPENDING LIMITS TO REWARDS PROGRAMS TO FIRST-TIME CARDHOLDERS ESTABLISHING CREDIT, WSECU MEMBERS HAVE AN EXCITING RANGE OF CREDIT CARD OPTIONS FROM WHICH TO CHOOSE.
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 | $317,874,177 | $218,232,879 | +0.5% |
| Expenses | $289,348,460 | $200,999,720 | +0.4% |
| Net Income | $28,525,717 | $17,233,159 | +0.7% |
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 |
|---|---|---|---|---|---|---|
| DOUG MAH | BOARD CHAIR | 1.00 |
Officer
Director
|
$3,006 | $0 | $3,006 |
| VERONICA BRONKEMA | BOARD VICE CHAIR | 1.00 |
Officer
Director
|
$3,641 | $0 | $3,641 |
| MARCUS GLASPER | BOARD SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CAROLE WASHBURN | BOARD PAST CHAIR | 1.00 |
Officer
Director
|
$1,967 | $0 | $1,967 |
| TRACY GUERIN | BOARD MEMBER | 1.00 |
Director
|
$1,223 | $0 | $1,223 |
| STACIA HOLLAR | BOARD MEMBER | 1.00 |
Director
|
$1,550 | $0 | $1,550 |
| VIKKI SMITH | BOARD MEMBER | 1.00 |
Director
|
$2,304 | $0 | $2,304 |
| JOSEPH PEARSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE LEARCH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TRUDY SOUCOUP | BOARD MEMBER | 1.00 |
Director
|
$4,800 | $0 | $4,800 |
| MIKE VANDERLINDE | BOARD MEMBER | 1.00 |
Director
|
$2,250 | $0 | $2,250 |
| GARY SWINDLER | PRESIDENT - CEO | 40.00 |
Officer
|
$1,415,924 | $332,099 | $1,748,023 |
| RANDY GUNDERSON | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$550,241 | $106,956 | $657,197 |
| SHARON WHITEHEAD | CHIEF ADMINISTRATIVE OFFICER | 40.00 |
Key Emp
|
$834,255 | $94,407 | $928,662 |
| PAUL KIRKBRIDE | CHIEF OPERATING OFFICER | 40.00 |
Key Emp
|
$681,120 | $110,615 | $791,735 |
| JULIE LIND | CHIEF LENDING OFFICER | 40.00 |
Key Emp
|
$295,079 | $142,271 | $437,350 |
| JUDITH HENDERSON | CHIEF TECH & OPS OFFICER/CEO QCF | 40.00 |
Key Emp
|
$313,304 | $73,091 | $386,395 |
| EMILY FRIESEN | CHIEF MARKETING & ANALYTICS OFFICER | 40.00 |
Key Emp
|
$357,545 | $28,409 | $385,954 |
| RYAN BROOKS | CHIEF DIGITAL OFFICER | 40.00 |
Key Emp
|
$215,806 | $135,273 | $351,079 |
| JEFF AMIRA | LENDING OFFICER - SEATTLE AREA | 40.00 |
Highest
|
$326,488 | $55,223 | $381,711 |
| JEFF REESE | FINANCIAL ADVISOR | 40.00 |
Highest
|
$337,237 | $40,111 | $377,348 |
| MARY EVANS | LENDING OFFICER - SEATTLE AREA | 40.00 |
Highest
|
$287,302 | $48,732 | $336,034 |
| KIM DUFFY | VP, PEOPLE & CULTURE SERVICES | 40.00 |
Highest
|
$274,993 | $51,192 | $326,185 |
| CAROLE SULLIVAN | LENDING OFFICER - SEATTLE AREA | 40.00 |
Highest
|
$266,015 | $21,631 | $287,646 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $317,874,177 | $289,348,460 | $5,357,264,547 | $28,525,717 |
| 2022 | $218,232,879 | $200,999,720 | $4,932,136,053 | $17,233,159 |
| 2021 | $192,003,010 | $144,257,586 | $4,636,127,364 | $47,745,424 |
| 2020 | $191,745,564 | $170,138,844 | $4,076,563,130 | $21,606,720 |
| 2019 | $192,328,707 | $160,546,308 | $3,338,765,767 | $31,782,399 |
| 2018 | $186,348,441 | $149,714,114 | $2,971,353,784 | $36,634,327 |
Compare WASHINGTON STATE EMPLOYEES CREDIT UNION with other nonprofits in Washington and across the country.