Nonprofit · EIN 91-0219435
CREDIT UNIONS IN THE STATE OF WASHINGTON
Also known as BOEING EMPLOYEES CREDIT UNION
Tax-exempt · TUKWILA, WA 98168
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,776,584,337 | $1,536,607,880 | $239,976,457 | $29,352,686,764 | $26,774,717,750 | $2,577,969,014 |
| December 31, 2023 | 990 | $1,537,981,153 | $1,358,881,191 | $179,099,962 | $29,871,889,353 | $27,579,166,183 | $2,292,723,170 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,325,036,451
- Investment income
- $451,570,523
- Net rental income
- -$383,273
- Net gain from sales of assets
- $61,134,916
- Other revenue
- -$22,637
Expenses
- Grants and similar amounts paid
- $9,910,569
- Compensation of officers, directors and key employees
- $24,848,085
- Other salaries and wages
- $368,537,429
- Salaries, compensation and benefits (total)
- $513,441,087
- Professional fundraising fees
- $0
- Legal fees
- $2,457,488
- Accounting fees
- $1,573,907
- Occupancy
- $25,686,657
- Travel
- $3,769,192
- Depreciation
- $35,085,991
Balance sheet and other
- Total assets, start of year
- $29,871,889,353
- Total assets, end of year
- $29,352,686,764
- Total liabilities, end of year
- $26,774,717,750
- Net assets, end of year
- $2,577,969,014
- Land, buildings and equipment
- $145,977,423
- Publicly traded securities
- $1,373,635
- Gross unrelated business income
- $1,876,499
- Gross receipts
- $4,047,604,141
- Employees
- 3,711
- Volunteers
- 0
- Year formed
- 1935
- 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 |
|---|---|---|---|---|
| Beverly Anderson | President CEO Trustee or director, Officer | 40 | $2,617,610 | $91,269 |
| Xiaobo Ni | Sr Mortgage Advisor - Primary Market Highest-paid employee | 40 | $2,152,742 | $104,236 |
| Melba Bartels | EVP Chief Financial Officer Officer | 40 | $2,121,166 | $21,549 |
| Michael Scott Strand | EVP Chief Operating Officer Officer | 40 | $1,957,229 | $14,235 |
| Thomas Berquist | Former EVP Chief Marketing Officer Former | 40 | $1,208,316 | $0 |
| Rick Eiel | EVP Chief Data and Analytics Officer Officer | 40 | $1,051,060 | $103,055 |
| Bobbi Moody | Sr Mortgage Advisor - Primary Market Highest-paid employee | 40 | $1,037,368 | $94,270 |
| Nathan Ramachandran | EVP Chief Technology Officer Officer | 40 | $930,493 | $108,907 |
| Douglas Marshall | EVP Chief Product Digital Officer Officer | 40 | $981,811 | $25,594 |
| John Benson Porter | Former President CEO Former | 0 | $926,229 | $4,426 |
| Jason Rudman | EVP Chief Membership Experience Officer Officer | 40 | $786,940 | $98,546 |
| Dana Gray | SVP Commercial and Business Services Highest-paid employee | 40 | $831,852 | $25,177 |
| Beth Hale | EVP Chief Consumer and Business Solutions Officer Officer | 40 | $739,441 | $102,285 |
| Ivan Seda | SVP Financial Performance Management Highest-paid employee | 40 | $753,717 | $75,117 |
| John Stewart | EVP Chief Risk Officer Officer | 40 | $762,524 | $65,845 |
17 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Sonika Saini | Sr Mortgage Advisor - Primary Market Highest-paid employee | 40 | $755,925 | $43,858 |
| Raquel Karls | EVP Chief People Officer Officer | 40 | $604,425 | $100,715 |
| Drew Wolff | EVP Chief Financial Officer Officer | 40 | $601,509 | $85,591 |
| Mike Ryan | EVP Chief Legal Officer and General Counsel Officer | 40 | $571,476 | $63,443 |
| Shawna Thompson | EVP Head of Operations Officer | 40 | $550,836 | $14,680 |
| Lisa Grove | SVP Chief Audit Executive Key employee | 40 | $425,452 | $56,035 |
| Fumbi Chima | EVP Chief Technology Transformation Officer Former | 40 | $361,961 | $0 |
| Melanie Walsh | Former EVP Chief Administrative Officer Former | 40 | $200,840 | $0 |
| Debra Somberg | Director Chairperson Trustee or director | 6 | $154,375 | $0 |
| John McMurray | Director Trustee or director | 6 | $131,305 | $0 |
| Bill Longbrake | Director Trustee or director | 6 | $126,250 | $0 |
| Matthew Oppenheimer | Director Trustee or director | 6 | $126,250 | $0 |
| Patrick Smith | Director Trustee or director | 6 | $120,261 | $0 |
| Denis Farmer | Director Trustee or director | 6 | $113,750 | $0 |
| Manolo Sanchez | Director Trustee or director | 6 | $113,750 | $0 |
| Vanessa Pegueros | Director Trustee or director | 6 | $113,750 | $0 |
| Susan Ehrlich | Director Trustee or director | 6 | $65,481 | $0 |
990 for the year ended December 31, 2023: 33 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Fumbi Chima | EVP Chief Technology Transformation Officer Officer | 40 | $4,511,727 | $37,122 |
| Melanie Walsh | EVP Chief Administrative Officer Officer | 40 | $2,434,284 | $36,133 |
| John Benson Porter | Former President CEO Former | 0 | $2,354,131 | $4,426 |
| Thomas Berquist | EVP Chief Marketing Officer Officer | 40 | $2,322,847 | $33,078 |
| Melba Bartels | EVP Chief Financial Officer Officer | 40 | $1,664,708 | $97,282 |
| Beverly Anderson | President CEO Officer | 40 | $1,495,789 | $173,149 |
| Michael Scott Strand | EVP Chief Operating Officer Officer | 40 | $1,455,332 | $74,318 |
| Lisa Holley | Sr Mortgage Advisor - Primary Market Highest-paid employee | 40 | $1,326,429 | $20,827 |
| John Stewart | EVP Chief Risk Officer Officer | 40 | $839,988 | $123,001 |
| Rick Eiel | EVP Chief Data and Analytics Officer Officer | 40 | $857,477 | $34,009 |
| Douglas Marshall | EVP Chief Product Digital Officer Officer | 40 | $756,586 | $73,065 |
| Linnea Wexler | Sr Commercial Relationship Manager II Highest-paid employee | 40 | $695,135 | $69,758 |
| Sean Murphy | SVP Chief Information Security Officer Highest-paid employee | 40 | $664,155 | $70,329 |
| Dana Gray | SVP Commercial and Business Services Highest-paid employee | 40 | $642,696 | $88,155 |
| Paul Hutchison | SVP Tech Business Solutions Highest-paid employee | 40 | $574,251 | $114,304 |
| Mike Ryan | EVP Chief Legal Officer and General Counsel Officer | 40 | $572,956 | $71,191 |
| Lisa Grove | SVP Chief Audit Executive Key employee | 40 | $436,501 | $89,539 |
| Shawna Thompson | EVP Head of Operations Officer | 40 | $359,969 | $72,274 |
| Nathan Ramachandran | EVP Chief Technology Officer Officer | 40 | $414,232 | $12,637 |
| Drew Wolff | EVP Chief Financial Officer Officer | 40 | $285,000 | $0 |
| Raquel Karls | EVP Chief People Officer Officer | 40 | $260,875 | $6,445 |
| Beth Hale | EVP Chief Consumer and Business Solutions Officer Officer | 40 | $232,194 | $1,798 |
| Debra Somberg | Director Chairperson Trustee or director | 6 | $95,358 | $0 |
| Jason Rudman | EVP Chief Membership Experience Officer Officer | 40 | $89,728 | $2,695 |
| John McMurray | Director Trustee or director | 6 | $87,858 | $0 |
| Bill Longbrake | Director Trustee or director | 6 | $85,000 | $0 |
| Matthew Oppenheimer | Director Trustee or director | 6 | $85,000 | $0 |
| Susan Ehrlich | Director Trustee or director | 6 | $82,143 | $0 |
| Denis Farmer | Director Trustee or director | 6 | $80,000 | $0 |
| Manolo Sanchez | Director Trustee or director | 6 | $77,143 | $0 |
| Patrick Smith | Director Trustee or director | 6 | $77,143 | $0 |
| Vanessa Pegueros | Director Trustee or director | 6 | $73,393 | $0 |
| Will Daugherty | Director Trustee or director | 6 | $42,863 | $0 |
Address and contacts
- Address (IRS master file)
- 12770 GATEWAY DR S, TUKWILA, WA 98168-3309
- In care of
- % TINA WALLACE
- Mailing address (990-N for 2025)
- 102 COM Building UW Box 353740, Seattle WA 98195
- Principal officer (990 for 2024)
- TINA WALLACE, 12770 GATEWAY DR S, TUKWILA, WA 98168
- Principal officer (990-N for 2025)
- Caley Cook, 102 COM Building UW Box 353740, Seattle WA 98195
- Signed the 990
- TINA, WALLACE
- Phone
- (206) 439-5700
- Website
- WWW.BECU.ORG
Mission
AS A COOPERATIVE WE BRING PEOPLE TOGETHER TO IMPROVE THE FINANCIAL WELL-BEING OF OUR MEMBERS AND THEIR COMMUNITIES.
Program accomplishments
- TOTAL 1,514,773 MEMBERS INCLUDING 120,000 NEW MEMBERS FOR 2024; 148,102 LOANS ORIGINATED TOTALLING $6,400,000,000.0
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 91-0219435
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1972
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Group exemption
- 1269: CREDIT UNIONS IN THE STATE OF WASHINGTON
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Caley Cook | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2024 Officer: Alma Chow | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2024 | $1,776,584,337 | $1,536,607,880 | $29,352,686,764 | IRS |
| 990-N for 2023 Officer: Alma Chow | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2023 | $1,537,981,153 | $1,358,881,191 | $29,871,889,353 | XML |
| 990-N for 2022 Officer: Julia Park | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Hannah Sheil | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
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 91-0219435).
Questions about CREDIT UNIONS IN THE STATE OF WASHINGTON
- What is the EIN of CREDIT UNIONS IN THE STATE OF WASHINGTON?
- The employer identification number (EIN) of CREDIT UNIONS IN THE STATE OF WASHINGTON is 91-0219435.
- Is CREDIT UNIONS IN THE STATE OF WASHINGTON tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1972.
- Are donations to CREDIT UNIONS IN THE STATE OF WASHINGTON tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CREDIT UNIONS IN THE STATE OF WASHINGTON file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of CREDIT UNIONS IN THE STATE OF WASHINGTON due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CREDIT UNIONS IN THE STATE OF WASHINGTON last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of CREDIT UNIONS IN THE STATE OF WASHINGTON?
- The 990 for the year ended December 31, 2024 names TINA WALLACE.
- Who are the officers and directors of CREDIT UNIONS IN THE STATE OF WASHINGTON?
- The 990 for the year ended December 31, 2024 lists 32 people; 32 received compensation from the organization, the highest $2,617,610 (Beverly Anderson, President CEO).
- How much revenue does CREDIT UNIONS IN THE STATE OF WASHINGTON have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,776,584,337, expenses of $1,536,607,880 and total assets of $29,352,686,764 at year end.
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