CREDIT UNIONS IN THE STATE OF WASHINGTON DBA OLYMPIA CREDIT UNION

EIN: 916072220

OLYMPIA, WA

Total Revenue
$3,435,240
Total Expenses
$3,333,169
Total Assets
$55,233,920
Net Assets
$4,456,212
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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
1965
Legal Domicile
WA
Principal Officer
JANA AYRES
Phone
3607545559
Tax Period
2025-01-01 to 2025-12-31

CREDIT UNIONS IN THE STATE OF WASHINGTON DBA OLYMPIA CREDIT UNION, founded in 1965, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2025.

Mission

TO PROVIDE OUTSTANDING FINANCIAL SERVICES FOR ALL FAMILY MEMBERS.

Program Service Accomplishments

Program 1
Expenses: $3,333,169 Revenue: $3,435,240

THE CREDIT UNION PROVIDED LOW COST FINANCIAL SERVICES TO 3,712 MEMBERS INCLUDING LOANS, SAVINGS ACCOUNTS, DEBIT CARDS,CREDIT CARDS AND OTHER SERVICES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,897,975
Investment Income $493,154
Other Revenue $44,111
TOTAL REVENUE $3,435,240

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,360,959
Fundraising Expenses $0
Program Expenses $3,333,169
Other Expenses $1,972,210
TOTAL EXPENSES $3,333,169

Year-over-Year Comparison

2025 2024 Change
Revenue $3,435,240 $3,232,442 +0.1%
Expenses $3,333,169 $3,230,689 +0.0%
Net Income $102,071 $1,753 +57.2%
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
7
Independent Members
7
Employees
19
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
2
$276,436
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANA AYRES President & CEO 40.00
Officer
$133,637 $17,927 $151,564
PAULA VAUGHN VP LENDING 40.00
Officer
$116,775 $8,097 $124,872
DAN HILLARD Director 1.00
Director
$0 $0 $0
LARRY LUFKIN Director 2.00
Director
$0 $0 $0
KATHY BOOS Secretary 1.00
Director
$0 $0 $0
JODI PETERSEN Director 1.00
Director
$0 $0 $0
STEVE VESSEY Chairman 1.00
Director
$0 $0 $0
SHIRLEY LEGG Director 1.00
Director
$0 $0 $0
SHANA OLIVER Vice Chair 1.00
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
2025 $3,435,240 $3,333,169 $55,233,920 $102,071
2024 $3,232,442 $3,230,689 $52,363,300 $1,753
2023 $2,710,305 $2,584,432 $52,473,339 $125,873
2022 $2,247,464 $1,999,528 $53,803,002 $247,936
2021 $2,086,980 $1,983,061 $53,301,227 $103,919
2020 $2,167,236 $1,939,874 $49,285,131 $227,362
2019 $2,189,724 $1,994,124 $40,310,997 $195,600
2018 $2,093,566 $1,754,491 $38,777,351 $339,075
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