Nonprofit · EIN 91-0176215
SEATTLE METROPOLITAN CREDIT UNION
Tax-exempt · SEATTLE, WA 98134
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $70,977,296 | $70,081,667 | $895,629 | $1,101,909,336 | $1,026,385,885 | $75,523,451 |
| December 31, 2023 | 990 | $57,735,407 | $57,344,108 | $391,299 | $1,114,328,070 | $1,042,675,771 | $71,652,299 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $290,647
- of which government grants
- $290,647
- Program service revenue
- $66,728,604
- Investment income
- $3,958,045
- Net gain from sales of assets
- -$1,127,128
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $326,488
- Compensation of officers, directors and key employees
- $3,767,701
- Other salaries and wages
- $14,391,297
- Salaries, compensation and benefits (total)
- $22,813,191
- Professional fundraising fees
- $0
- Legal fees
- $134,429
- Accounting fees
- $368,250
- Occupancy
- $1,155,902
- Travel
- $54,815
- Depreciation
- $1,313,121
Balance sheet and other
- Total assets, start of year
- $1,114,328,070
- Total assets, end of year
- $1,101,909,336
- Total liabilities, end of year
- $1,026,385,885
- Net assets, end of year
- $75,523,451
- Land, buildings and equipment
- $3,226,171
- Publicly traded securities
- $50,432,730
- Gross unrelated business income
- $173,484
- Gross receipts
- $126,457,511
- Employees
- 249
- Volunteers
- 1
- Year formed
- 1933
- State of legal domicile
- WA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD ROMERO | PRESIDENT/CEO/TREASURER Trustee or director, Officer | 40 | $828,016 | $313,793 |
| LEE PIERCE | CHIEF LENDING OFFICER Officer | 40 | $361,532 | $138,244 |
| DAVID MEANS | CHIEF INFORMATION OFFICER Officer | 40 | $380,862 | $111,234 |
| KELLY EARNEST | CHIEF PEOPLE OFFICER Officer | 40 | $346,768 | $96,369 |
| TERRI GIANNETTI | CHIEF EXPERIENCE OFFICER Officer | 40 | $376,971 | $62,208 |
| SARAH LA-NGUYEN | SVP TALENT MANAGEMENT Highest-paid employee | 40 | $287,805 | $62,516 |
| NATALIE CROSBY | SVP OF MEMBER EXPERIENCE Highest-paid employee | 40 | $242,033 | $49,942 |
| LEIF HATLEN | SVP OF MEMBER BUSINESS LENDING Highest-paid employee | 40 | $241,945 | $45,300 |
| KHAMSAY VONGCHANTHA | SVP OF RISK MANAGEMENT Key employee | 40 | $204,282 | $72,164 |
| JACQUELINE MARTINEZ-VASQUEZ | CHIEF IMPACT OFFICER Officer | 40 | $217,896 | $18,524 |
| CHERIDYN FLYNN | VP OF ACCOUNTING Highest-paid employee | 40 | $195,961 | $24,292 |
| CLAUDIA DUBRULE | VP OF PEOPLE OPERATIONS Highest-paid employee | 40 | $192,550 | $21,780 |
| MICHAEL CRUZ | CHIEF FINANCIAL OFFICER Officer | 40 | $150,034 | $13,304 |
| SHAHZAD QADRI | BOARD MEMBER Trustee or director | 4 | $14,000 | $0 |
| ROBIN HARMON | CHAIR Trustee or director, Officer | 4 | $12,000 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSHUA CANADY | SECRETARY Trustee or director, Officer | 4 | $9,000 |
| LAZARO CARRION ESTRADA | BOARD MEMBER Trustee or director | 4 | $9,000 |
| MARI HORITA | BOARD MEMBER Trustee or director | 4 | $9,000 |
| NELSON REYNERI | VICE CHAIR Trustee or director, Officer | 4 | $9,000 |
| ROBIN SHULER | TREASURER Trustee or director, Officer | 4 | $9,000 |
| JORDAN GRANT | BOARD MEMBER Trustee or director | 4 | $4,500 |
| CARLOS RUIZ | BOARD CHAIR (THRU 2/24) Trustee or director, Officer | 4 | $0 |
| PAUL HIGGINBOTHAM | BOARD MEMBER Trustee or director | 4 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD ROMERO | PRESIDENT/CEO/TREASURER Trustee or director, Officer | 40 | $776,656 | $221,901 |
| KELLY EARNEST | CHIEF PEOPLE OFFICER Officer | 40 | $344,972 | $167,095 |
| DAVID MEANS | CHIEF INFORMATION OFFICER Officer | 40 | $352,738 | $156,718 |
| LEE PIERCE | CHIEF LENDING OFFICER Officer | 40 | $337,163 | $90,091 |
| KHAMSAY VONGCHANTHA | VP OF RISK MANAGEMENT Key employee | 40 | $301,760 | $34,030 |
| SARAH LA-NGUYEN | SVP TALENT MANAGEMENT Highest-paid employee | 40 | $265,022 | $70,374 |
| MAHLON MCCALEB | CFO (THRU 8/23) Officer | 40 | $292,000 | $11,792 |
| MELE MILLER | COO (THRU 2/23) Officer | 40 | $248,812 | $7,532 |
| PAMELA FUENTES | VP LOAN DOCUMENTATION AND OPERATIONS MANAGER Highest-paid employee | 40 | $187,539 | $37,376 |
| JANINE YOUNT | VP BUSINESS PARTNER MANAGER Highest-paid employee | 40 | $182,876 | $22,314 |
| SARAH ENDICOTT | VP MORTGAGE LENDING Highest-paid employee | 40 | $169,626 | $21,476 |
| MICHAEL WHITEMAN | VP DIGITAL TRANSFORMATION Highest-paid employee | 40 | $163,250 | $23,679 |
| TERRI GIANNETTI | CXO Officer | 40 | $162,082 | $13,424 |
| DONNA RANSIER | VP OF IT (THRU 2/23) Key employee | 40 | $164,683 | $4,872 |
| CARLOS RUIZ | BOARD CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| ROBIN HARMON | BOARD VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| REBECCA KERR | BOARD SECRETARY (THRU 3/23) Trustee or director, Officer | 4 | $0 | $0 |
| PAUL HIGGINBOTHAM | BOARD SECRETARY Trustee or director, Officer | 4 | $0 | $0 |
| ROBIN SHULER | BOARD MEMBER Trustee or director, Officer | 4 | $0 | $0 |
| SHAHZAD QADRI | BOARD MEMBER Trustee or director | 4 | $0 | $0 |
| DEANNA CLARK | BOARD MEMBER (THRU 3/23) Trustee or director | 4 | $0 | $0 |
| JONELLE JOHNSON | BOARD MEMBER (THRU 3/23) Trustee or director | 4 | $0 | $0 |
| JORDAN GRANT | BOARD MEMBER Trustee or director | 4 | $0 | $0 |
| JOE DAVILA | BOARD MEMBER (THRU 3/23) Trustee or director | 4 | $0 | $0 |
| NELSON REYNERI | BOARD MEMBER Trustee or director | 4 | $0 | $0 |
| MARI HORITA | BOARD MEMBER Trustee or director | 4 | $0 | $0 |
| JOSH CANADY | BOARD MEMBER Trustee or director | 4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1910 1ST AVE S, SEATTLE, WA 98134-1406
- In care of
- % CHERIDYN FLYNN VP OF ACCOUNTING
- Mailing address (990-N for 2013)
- PO Box 9061, Seattle WA 98111
- Principal officer (990 for 2024)
- RICHARD ROMERO, 1910 1ST AVE S, SEATTLE, WA 98134
- Principal officer (990-N for 2013)
- Jessica Lucas, 6742 A 14th Ave NW, Seattle WA 98117
- Signed the 990
- MICHAEL CRUZ, CHIEF FINANCIAL OFFICER
- Phone
- (206) 398-5561
- Website
- WWW.SEATTLECU.COM
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
TO PROMOTE THRIFT AMONG ITS MEMBERS, SERVE THE UNDERSERVED IN THE SEATTLE METROPOLITAN AREA, AND TO PROVIDE FINANCIAL SERVICES AND TO CREATE A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST FOR PROVIDENT, PRODUCTIVE AND EDUCATIONAL PURPOSES.
Program accomplishments
- SEATTLE METROPOLITAN CREDIT UNION (SMCU) HAS BEEN PROVIDING SERVICES TO ITS MEMBERS SINCE 1933. SINCE ITS INCEPTION, SMCU HAS CONSIDERED ITSELF AN ADVOCATE FOR ITS MEMBERS BY PROVIDING MEMBER-CENTRIC FINANCIAL SERVICES AND FINANCIAL LITERACY EDUCATION AT LOW OR NO COST.
- AS OF DECEMBER 31, 2024, SMCU HAD 55,060 MEMBERS. THESE MEMBERS PARTICIPATED IN 29,271 LOAN AND 105,521 DEPOSIT PRODUCTS. SMCU'S LOAN OFFERINGS INCLUDE A WIDE RANGE OF OPTIONS FROM STANDARD AUTO LOANS, MORTGAGES AND LINES OF CREDIT, TO MORE SEGMENTED PRODUCTS INCLUDING MOTORCYCLES, CLASSIC CARDS, BOATS, RECREATIONAL VEHICLES, AND AIRCRAFT LOANS. SMCU HAS ALSO RECENTLY EXTENDED ITS LOAN PRODUCTS TO INCLUDE BUSINESS LOANS TO QUALIFIED MEMBERS. ALL LOAN PRODUCTS COME IN A VARIETY OF TERMS TO PROVIDE PAYMENT OPTIONS THAT BEST SUIT THE MEMBERSHIP'S NEEDS.
- MEMBERS HAVE THE SAME VARIETY OF SELECTION ON THE DEPOSIT SIDE OF THE PRODUCT LINE WITH OFFERINGS RANGING FROM BASIC CHECKING AND SAVINGS ACCOUNTS TO IRAS, CERTIFICATES, MONEY MARKETS AND HIGH-YIELD ACCOUNTS. SMCU ALSO OFFERS BUSINESS ACCOUNTS AND INVESTMENT SERVICES THAT ARE DESIGNED TO MAINTAIN THE MEMBER'S BEST INTEREST. AS AN ADVOCATE FOR ITS MEMBERSHIP, SMCU PLACES A HIGH PRIORITY ON EDUCATIONAL RESOURCES. AS A RESULT, SMCU HAS INVESTED IN ONLINE APPLICATIONS TO HELP MEMBERS MAKE DECISIONS RELATED TO PLANNING, BORROWING, BUDGETING AND PROTECTING THEIR CREDIT. LIFE VISION AND MORTGAGE ADVISOR ARE TWO TOOLS OFFERED ON PERSONAL FINANCES AND RESPECTIVES FROM HOME AND FAMILY FINANCE ON CAR BUYING, CREDIT PROTECTION AND BUDGETING. FOR THOSE MEMBERS WHO PREFER TO SPEAK TO SOMEONE IN PERSON, SMCU PROVIDES FREE CREDIT COUNSELING THROUGH "BALANCE," A FINANCIAL FITNESS PROGRAM THAT FOCUSES ON MONEY MANAGEMENT IN ADDITION TO IDENTITY THEFT PREVENTION AND ASSISTANCE.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 91-0176215
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1954
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1269: CREDIT UNIONS IN THE STATE OF WASHINGTON
- Assets (IRS master file)
- $1,101,909,336
- Income (IRS master file)
- $126,457,511
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $70,977,296 | $70,081,667 | $1,101,909,336 | IRS |
| 990 | December 2023 | $57,735,407 | $57,344,108 | $1,114,328,070 | XML |
| 990 | December 2022 | $48,414,512 | $43,097,250 | $1,075,826,706 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: Jessica Lucas | December 31, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 91-0176215).
Questions about SEATTLE METROPOLITAN CREDIT UNION
- What is the EIN of SEATTLE METROPOLITAN CREDIT UNION?
- The employer identification number (EIN) of SEATTLE METROPOLITAN CREDIT UNION is 91-0176215.
- Is SEATTLE METROPOLITAN CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1954.
- Are donations to SEATTLE METROPOLITAN CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SEATTLE METROPOLITAN CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SEATTLE METROPOLITAN CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SEATTLE METROPOLITAN CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SEATTLE METROPOLITAN CREDIT UNION?
- The 990 for the year ended December 31, 2024 names RICHARD ROMERO.
- Who are the officers and directors of SEATTLE METROPOLITAN CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 23 people; 21 received compensation from the organization, the highest $828,016 (RICHARD ROMERO, PRESIDENT/CEO/TREASURER).
- How much revenue does SEATTLE METROPOLITAN CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $70,977,296, expenses of $70,081,667 and total assets of $1,101,909,336 at year end.
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