Olympia, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CREDIT UNIONS IN THE STATE OF WASHINGTON, founded in 1985, is a community nonprofit that reported $8.3M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 25% operating margin.
To provide services to members mandated in the Credit Union Act and Charter, including providing members the opportunity to assist other members. The purpose of this Credit Union is to promote thrift among its members and to create a source of credit for them at legitimate rates of interest for provident, productive and educational purposes.
WCLA Credit Union is a section 501(c)(14) cooperative-owned, state-chartered credit union that provides financial services, including loan and share accounts, to its approximately 1400 members...
WCLA Credit Union is a section 501(c)(14) cooperative-owned, state-chartered credit union that provides financial services, including loan and share accounts, to its approximately 1400 members, similar to federally-chartered credit unions.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $8,321,180 | $6,400,206 | +0.3% |
| Expenses | $6,263,292 | $4,688,670 | +0.3% |
| Net Income | $2,057,888 | $1,711,536 | +0.2% |
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 |
|---|---|---|---|---|---|---|
| Charles Thompson | CEO | 45 |
Officer
|
$193,699 | $45,499 | $239,198 |
| Casey Smith | Senior Loan Officer | 45 |
Key Emp
|
$173,460 | $30,648 | $204,108 |
| Teresa Carlson | Accounting/Operations Manager | 45 |
Key Emp
|
$168,325 | $29,709 | $198,034 |
| Brian Bahs | Former CEO | 0 |
|
$191,415 | $0 | $191,415 |
| Brandon Dunnaback | Loan Officer | 45 |
Highest
|
$119,847 | $36,149 | $155,996 |
| Chad Yerrington | Loan Officer | 45 |
Highest
|
$130,305 | $23,126 | $153,431 |
| Greg Horsley | Board Treasurer/Board Chair | 1 |
Director
|
$0 | $0 | $0 |
| Roger Smith | Board Vice Chair | 1 |
Director
|
$0 | $0 | $0 |
| Edward Gould | Board Member/Director/Treas/Sec | 1 |
Director
|
$0 | $0 | $0 |
| Blair Stadin | Board Member/Director | 1 |
Director
|
$0 | $0 | $0 |
| Rob Allen | Board Member/Director | 1 |
Director
|
$0 | $0 | $0 |
| Kylie Pegoraro | Board Member/Director | 1 |
Director
|
$0 | $0 | $0 |
| Tim Eastman | Board Member/Director | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $8,321,180 | $6,263,292 | $125,915,543 | $2,057,888 |
| 2023 | $6,400,206 | $4,688,670 | $121,032,916 | $1,711,536 |
| 2022 | $4,805,728 | $2,663,722 | $103,660,940 | $2,142,006 |
| 2021 | $4,788,841 | $2,467,893 | $91,827,207 | $2,320,948 |
| 2020 | $4,786,857 | $2,496,520 | $90,424,491 | $2,290,337 |
| 2019 | $4,085,579 | $2,487,456 | $79,186,677 | $1,598,123 |
| 2018 | $3,630,508 | $1,945,839 | $77,296,151 | $1,684,669 |
Compare CREDIT UNIONS IN THE STATE OF WASHINGTON with other nonprofits in Washington and across the country.