Nonprofit · EIN 91-0333066
KITSAP CREDIT UNION
Tax-exempt · BREMERTON, WA 98337
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $153,721,471 | $148,184,524 | $5,536,947 | $2,320,371,924 | $2,191,030,944 | $129,340,980 |
| December 31, 2023 | 990 | $135,974,513 | $127,345,815 | $8,628,698 | $2,368,604,375 | $2,238,188,688 | $130,415,687 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $660,000
- of which government grants
- $660,000
- Program service revenue
- $142,407,818
- Investment income
- $10,653,653
- Net gain from sales of assets
- $32,690
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $364,196
- Compensation of officers, directors and key employees
- $3,772,662
- Other salaries and wages
- $25,166,877
- Salaries, compensation and benefits (total)
- $37,481,158
- Professional fundraising fees
- $0
- Legal fees
- $114,581
- Accounting fees
- $216,177
- Occupancy
- $2,636,589
- Travel
- $436,159
- Depreciation
- $1,395,453
Balance sheet and other
- Total assets, start of year
- $2,368,604,375
- Total assets, end of year
- $2,320,371,924
- Total liabilities, end of year
- $2,191,030,944
- Net assets, end of year
- $129,340,980
- Land, buildings and equipment
- $26,884,913
- Publicly traded securities
- $292,704,922
- Gross unrelated business income
- $906,681
- Gross receipts
- $153,723,789
- Employees
- 406
- Volunteers
- 0
- Year formed
- 1934
- 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 |
|---|---|---|---|---|
| SHAWN GILFEDDER | PRESIDENT/CEO Officer | 40 | $959,929 | $26,163 |
| KELLIE D LETEXIER | SVP COO Officer | 40 | $405,436 | $22,608 |
| TREVOR STUART | SVP CFO Officer | 40 | $390,960 | $19,569 |
| SIMON POWLEY | CHIEF REVENUE OFFICER Officer | 40 | $379,785 | $17,770 |
| SCOTT LINDLEY | SVP CIO Officer | 40 | $365,835 | $26,453 |
| ANTHONY G BULLERI | SVP CLO Officer | 40 | $368,373 | $16,198 |
| PAULA C EDELSTEIN | SVP CPO Officer | 40 | $338,671 | $26,232 |
| SEAN CUMMINGS | VP, SALES (THRU 11/24) Highest-paid employee | 40 | $328,132 | $21,132 |
| ERIC CRABTREE | CHIEF DIGITAL STRATEGIST Officer | 40 | $228,453 | $17,628 |
| JASON ELLIOTT | VP FINANCE Highest-paid employee | 40 | $218,323 | $10,887 |
| ANDREW E VOORHIES | VP INFO. TECHNOLOGY (THRU 12/24) Highest-paid employee | 40 | $199,878 | $20,150 |
| MARK GAULT | VP STRATEGIC PLANNING Highest-paid employee | 40 | $199,012 | $15,938 |
| LAURA J ENQUIST | VP MEMBER EXPERIENCE Highest-paid employee | 40 | $195,965 | $11,955 |
| MIKE GOONEWARDENE | VICE CHAIR Trustee or director, Officer | 8 | $30,000 | $0 |
| SUSAN BAKER | CHAIR Trustee or director, Officer | 8 | $23,645 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WENDY JOHNSON | VICE CHAIR Trustee or director, Officer | 8 | $20,000 |
| JIM ROWSON | TREASURER Trustee or director, Officer | 8 | $20,000 |
| VICKI GAMBRELL | DIRECTOR Trustee or director | 8 | $20,000 |
| SUSAN SIOBHAN CANTY | DIRECTOR Trustee or director | 5 | $17,500 |
| KAREN HOLMES | SECRETARY Trustee or director, Officer | 5 | $15,000 |
| VASUMA SARGENT | DIRECTOR Trustee or director | 8 | $8,339 |
| MATTHEW ELLSWORTH | DIRECTOR Trustee or director | 8 | $8,114 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHAWN GILFEDDER | PRESIDENT/CEO Officer | 40 | $851,331 | $25,413 |
| KELLIE D LETEXIER | SVP COO Officer | 40 | $399,391 | $18,833 |
| TREVOR STUART | SVP CFO Officer | 40 | $379,735 | $17,819 |
| SCOTT LINDLEY | SVP CIO Officer | 40 | $364,708 | $21,880 |
| ANTHONY G BULLERI | SVP CLO Officer | 40 | $362,536 | $15,404 |
| JAMES PYRON | SVP CMO Officer | 40 | $277,746 | $12,082 |
| PAULA C EDELSTEIN | SVP CPO Officer | 40 | $263,172 | $15,399 |
| SEAN CUMMINGS | VP, SALES Highest-paid employee | 40 | $236,110 | $19,788 |
| ERIC CRABTREE | CHIEF DIGITAL STRATEGIST Highest-paid employee | 40 | $200,047 | $10,139 |
| WILLIAM H FOGARTY | VP, COMMERCIAL LENDING Highest-paid employee | 40 | $184,330 | $15,136 |
| LAURA J ENQUIST | VP MEMBER EXPERIENCE Highest-paid employee | 40 | $189,409 | $9,799 |
| ANDREW E VOORHIES | VP INFORMATION TECHNOLOGY Highest-paid employee | 40 | $185,064 | $14,046 |
| TONY BOLANDER | CHAIR Trustee or director, Officer | 8 | $25,000 | $0 |
| JIM ROWSON | TREASURER Trustee or director, Officer | 8 | $20,380 | $0 |
| WENDY JOHNSON | VICE CHAIR Trustee or director, Officer | 8 | $20,000 | $0 |
| SUSAN BAKER | DIRECTOR Trustee or director | 8 | $17,933 | $0 |
| VICKI GAMBRELL | SECRETARY Trustee or director, Officer | 8 | $17,618 | $0 |
| SUSAN SIOBHAN CANTY | DIRECTOR Trustee or director | 5 | $17,500 | $0 |
| MIKE GOONEWARDENE | DIRECTOR Trustee or director | 8 | $17,500 | $0 |
| KAREN HOLMES | DIRECTOR Trustee or director | 5 | $15,000 | $0 |
| SIMON POWLEY | CHIEF REVENUE OFFICER Officer | 40 | $14,385 | $0 |
| CRAIG OLSON | DIRECTOR (THRU 3/23) Trustee or director | 5 | $5,893 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 990, BREMERTON, WA 98337-0230
- In care of
- % BRITTANY LYONS
- Principal officer (990 for 2024)
- SHAWN GILFEDDER, PO BOX 990, BREMERTON, WA 98337
- Signed the 990
- JASON ELLIOTT, SVP/CFO
- Phone
- (360) 662-2000
- Website
- WWW.KITSAPCU.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
TO OFFER CHECKING, SAVINGS, AND LENDING PROGRAMS TO MEMBERS WHO PRIMARILY LIVE, WORK, AND WORSHIP IN THE STATE OF WASHINGTON. KCU ALSO PROVIDES FINANCIAL LITERACY PROGRAMS AND IS ACTIVELY INVOLVED IN COMMUNITY OUTREACH PROGRAMS.
Program accomplishments
- SECURED AND UNSECURED LOANS ISSUED TO CREDIT UNION MEMBERS, AS RELATED TO THE EXEMPT PURPOSE OF KCU. THE TYPES OF LOANS ISSUED INCLUDE DIRECT AND INDIRECT VEHICLE LOANS, VISA'S, HOME EQUITY LOANS, BUSINESS LOANS, AND MORTGAGE LOANS.
- SAVINGS PROGRAMS THAT ARE PROVIDED TO CREDIT UNION MEMBERS, AS RELATED TO THE EXEMPT PURPOSE OF KCU. THE TYPES OF ACCOUNTS OFFERED ARE CHECKING, MONEY MARKET ACCOUNTS, IRA ACCOUNTS, REGULAR SAVINGS, AND CERTIFICATES.
- COMMUNITY INVOLVEMENT INCLUDING DONATION OF MONEY AND STAFF TIME IN THE COMMUNITY. KCU ALSO OFFERS MANY FINANCIAL LITERACY CLASSES FOR CHILDREN AND ADULTS.
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
- 91-0333066
- 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)
- $2,320,371,924
- Income (IRS master file)
- $153,723,789
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $153,721,471 | $148,184,524 | $2,320,371,924 | XML |
| 990 | December 2023 | $135,974,513 | $127,345,815 | $2,368,604,375 | XML |
| 990 | December 2022 | $104,047,497 | $82,914,598 | $2,255,075,377 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 91-0333066).
Questions about KITSAP CREDIT UNION
- What is the EIN of KITSAP CREDIT UNION?
- The employer identification number (EIN) of KITSAP CREDIT UNION is 91-0333066.
- Is KITSAP CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1954.
- Are donations to KITSAP CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KITSAP 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 KITSAP 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 KITSAP 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 KITSAP CREDIT UNION?
- The 990 for the year ended December 31, 2024 names SHAWN GILFEDDER.
- Who are the officers and directors of KITSAP CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 22 people; 22 received compensation from the organization, the highest $959,929 (SHAWN GILFEDDER, PRESIDENT/CEO).
- How much revenue does KITSAP CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $153,721,471, expenses of $148,184,524 and total assets of $2,320,371,924 at year end.
Other nonprofits in BREMERTON
- SKOOKUM EDUCATIONAL PROGRAMS EIN 91-1434778 · last filed 990 for 2024
- KITSAP MENTAL HEALTH SERVICE EIN 91-1020106 · last filed 990 for 2025
- PENINSULA COMMUNITY HEALTH SERVICES EIN 94-3079770 · last filed 990 for 2024
- PARATRANSIT SERVICES EIN 91-1253112 · last filed 990 for 2025
- KITSAP COMMUNITY RESOURCES EIN 91-0791411 · last filed 990 for 2024
- CATALYST PUBLIC SCHOOLS EIN 83-2652050 · last filed 990 for 2025
- GREAT PENINSULA CONSERVANCY EIN 91-1110978 · last filed 990 for 2024
- HOLLY RIDGE CENTER INC EIN 91-0757541 · last filed 990 for 2024