Nonprofit · EIN 91-0440744
CREDIT UNIONS IN THE STATE OF WASHINGTON
Also known as PEAK CREDIT UNION
Tax-exempt · OLYMPIA, WA 98507
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $318,637,000 | $292,369,538 | $26,267,462 | $4,269,782,992 | $3,855,979,964 | $413,803,028 |
| December 31, 2023 | 990 | $237,650,989 | $205,361,196 | $32,289,793 | $4,200,889,028 | $3,814,489,065 | $386,399,963 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $297,205,766
- Investment income
- $21,246,134
- Net rental income
- $185,100
- Net gain from sales of assets
- -$52,979
- Other revenue
- $185,100
Expenses
- Grants and similar amounts paid
- $1,657,467
- Benefits paid to members
- $59,677,766
- Compensation of officers, directors and key employees
- $17,465,827
- Other salaries and wages
- $65,709,865
- Salaries, compensation and benefits (total)
- $106,289,853
- Professional fundraising fees
- $0
- Legal fees
- $388,731
- Accounting fees
- $336,654
- Occupancy
- $5,487,025
- Travel
- $1,619,799
- Depreciation
- $6,880,215
Balance sheet and other
- Total assets, start of year
- $4,200,889,028
- Total assets, end of year
- $4,269,782,992
- Total liabilities, end of year
- $3,855,979,964
- Net assets, end of year
- $413,803,028
- Land, buildings and equipment
- $72,416,534
- Publicly traded securities
- $349,985,694
- Gross unrelated business income
- $485,218
- Gross receipts
- $318,713,080
- Employees
- 984
- Volunteers
- 21
- Year formed
- 1937
- 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 |
|---|---|---|---|---|
| JEFF KENNEDY | CEO/TREASURER Officer | 40 | $5,897,502 | $66,064 |
| JOHN IGLESIAS | PRESIDENT Officer | 40 | $3,225,161 | $58,840 |
| AARON PALMER | CHIEF REVENUE OFFICER Key employee | 40 | $609,568 | $58,821 |
| KIMBERLY STEEPY | CHIEF FINANCIAL OFFICER Officer | 40 | $437,430 | $64,774 |
| CHERYL CROW | CHIEF REVENUE OFFICER Key employee | 40 | $418,611 | $59,311 |
| KENNETH MYHRA | CHIEF DIGITAL & PAYMENTS OFFICER Key employee | 40 | $395,075 | $61,919 |
| ALAN PITCHER | CHIEF INFORMATION OFFICER Key employee | 40 | $403,282 | $43,373 |
| TAMMY TEETER | CHIEF ADMINISTRATIVE OFFICER Key employee | 40 | $366,994 | $63,541 |
| JEFFREY YODER | CHIEF ACCOUNTING OFFICER Key employee | 40 | $366,759 | $56,210 |
| KENNETH KENDO SANTOS | CHIEF RISK OFFICER Key employee | 40 | $364,325 | $51,056 |
| RACARDO MCLAUGHLIN | VP OF MORTGAGE LENDING Key employee | 40 | $300,361 | $59,319 |
| DEBRA GILDNER | VP OF ACCOUNTING & FINANCE Key employee | 40 | $288,047 | $61,361 |
| PATRICE KRUGER | VP OF CHANNEL SERVICES Key employee | 40 | $288,009 | $59,037 |
| KATE LANGE | SENIOR INVESTMENT SERVICES ADVISOR Highest-paid employee | 40 | $289,792 | $56,890 |
| TERRY HAGIO | VP OF TECHNOLOGY SERVICES & SOLUTIONS Key employee | 40 | $292,740 | $49,697 |
27 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KYNDAL HARRIS | CHIEF EXPERIENCE OFFICER Key employee | 40 | $332,728 | $7,013 |
| GEORGE WILLIAMS | VP OF TECH OPERATIONS & INFORMATION SECURITY Key employee | 40 | $276,865 | $55,294 |
| MATTHEW WADE | VP OF RESIDENTIAL LENDING Key employee | 40 | $280,534 | $48,870 |
| TODD DIETMEYER | SENIOR INVESTMENT SERVICES ADVISOR Highest-paid employee | 40 | $283,520 | $45,745 |
| CASEY RIES | VP OF INTERNAL AUDIT Key employee | 40 | $284,426 | $44,207 |
| CANDICE INSKEEP | DIRECTOR OF BUSINESS SERVICES Highest-paid employee | 40 | $260,953 | $57,330 |
| JENNIFER ADAMS | VP OF PEOPLE & CULTURE Key employee | 40 | $265,949 | $47,128 |
| LOREN CAMP | FINANCIAL ADVISOR Highest-paid employee | 40 | $249,362 | $53,028 |
| SHERWIN WRAY | VP OF INVESTMENT SERVICES Key employee | 40 | $261,903 | $38,351 |
| DIANE SOKOLIK | VP OF CONSUMER LENDING Key employee | 40 | $244,399 | $54,778 |
| LAURIE KRESL | VP OF MARKETING Key employee | 40 | $261,715 | $37,153 |
| JAMIE MULLENIX | VP OF ORGANIZATIONAL DEVELOPMENT Key employee | 40 | $244,900 | $48,371 |
| MICHELLE LYNN | VP OF RISK MANAGEMENT Highest-paid employee | 40 | $253,417 | $38,342 |
| JENA MILLER | DIRECTOR Trustee or director | 1 | $16,871 | $0 |
| THOMAS PETTUS-CZAR | CHAIR (EFFECTIVE 3/27/2024) Trustee or director, Officer | 1 | $15,015 | $0 |
| DAVID RAINWATER | CHAIR (UNTIL 3/27/2024) Trustee or director | 1 | $14,088 | $0 |
| JON RUIZ | AT LARGE Trustee or director | 1 | $14,053 | $0 |
| RON HASTIE | VICE CHAIR (UNTIL 3/27/2024) Trustee or director | 1 | $13,658 | $0 |
| KIM MARTIN | VICE CHAIR (EFFECTIVE 3/27/2024) Trustee or director, Officer | 1 | $13,183 | $0 |
| DONNA FELICIANO | DIRECTOR Trustee or director | 1 | $12,873 | $0 |
| MARK NEARY | SECRETARY (EFFECTIVE 3/27/2024) Trustee or director, Officer | 1 | $12,598 | $0 |
| BRIAN HURLEY | DIRECTOR Trustee or director | 1 | $12,261 | $0 |
| BARBARA BLACKMORE | DIRECTOR Trustee or director | 1 | $10,302 | $0 |
| BRAD ANDERSON | DIRECTOR Trustee or director | 1 | $10,255 | $0 |
| DARCY PHILLIPS | DIRECTOR (EFFECTIVE 6/26/2024) Trustee or director | 1 | $7,500 | $0 |
| RICHARD LEUNG | DIRECTOR Trustee or director | 1 | $5,931 | $0 |
| GAYLA GJERTSEN | DIRECTOR Trustee or director | 1 | $5,468 | $0 |
990 for the year ended December 31, 2023: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFF KENNEDY | CEO/TREASURER Officer | 40 | $1,121,876 | $869,466 |
| JOHN IGLESIAS | PRESIDENT Officer | 40 | $546,420 | $193,495 |
| AARON PALMER | CHIEF REVENUE OFFICER Key employee | 40 | $337,453 | $135,764 |
| KIMBERLY STEEPY | CHIEF FINANCIAL OFFICER Officer | 40 | $350,743 | $44,477 |
| TAMMY TEETER | CHIEF ADMINISTRATIVE OFFICER Key employee | 40 | $299,329 | $45,836 |
| JERROD KELLER | CHIEF OPERATIONS OFFICER (THRU 7/23) Key employee | 40 | $230,330 | $29,654 |
| PATRICE KRUGER | VP CHANNEL SERVICES Highest-paid employee | 40 | $218,411 | $34,979 |
| DIANE SOKOLIK | VP CONSUMER LENDING Highest-paid employee | 40 | $208,776 | $43,018 |
| DEBRA GILDNER | VP ACCOUNTING & FINANCE Highest-paid employee | 40 | $213,846 | $32,184 |
| RACARDO MCLAUGHLIN | VP MORTGAGE LENDING Highest-paid employee | 40 | $213,946 | $31,155 |
| LAURIE KRESL | VP MARKETING Highest-paid employee | 40 | $207,925 | $27,960 |
| ALAN PITCHER | CHIEF INFORMATION OFFICER Key employee | 40 | $172,603 | $28,826 |
| CHERYL CROW | CHIEF CREDIT OFFICER Key employee | 40 | $167,264 | $31,149 |
| KENNETH MYHRA | CHIEF PAYMENTS OFFICER Key employee | 40 | $165,506 | $24,400 |
| JEFFREY YODER | CHIEF ACCOUNTING OFFICER Key employee | 40 | $150,524 | $25,304 |
| DONNA FELICIANO | DIRECTOR Trustee or director | 1 | $26,320 | $0 |
| RONALD HASTIE | VICE CHAIR Trustee or director, Officer | 1 | $24,695 | $0 |
| KIM MARTIN | SECRETARY Trustee or director, Officer | 1 | $22,701 | $0 |
| MARK NEARY | DIRECTOR Trustee or director | 1 | $22,292 | $0 |
| DAVID RAINWATER | CHAIR Trustee or director, Officer | 1 | $20,417 | $0 |
| BRIAN HURLEY | DIRECTOR Trustee or director | 1 | $19,765 | $0 |
| GAYLA GJERTSEN | DIRECTOR Trustee or director | 1 | $17,917 | $0 |
| JENA MILLER | DIRECTOR Trustee or director | 1 | $17,917 | $0 |
| THOMAS PETTUS-CZAR | DIRECTOR Trustee or director | 1 | $14,583 | $0 |
| JON RUIZ | DIRECTOR Trustee or director | 1 | $14,583 | $0 |
| BRAD ANDERSON | DIRECTOR Trustee or director | 1 | $11,667 | $0 |
| BARB BLACKMORE | DIRECTOR Trustee or director | 1 | $11,667 | $0 |
| RICHARD LEUNG | DIRECTOR Trustee or director | 1 | $11,667 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 718, OLYMPIA, WA 98507-0700
- In care of
- % TWIN
- Principal officer (990 for 2024)
- DAVID TUYO, PO BOX 718, OLYMPIA, WA 98507
- Signed the 990
- KIMBERLY STEEPY, CFO
- Phone
- (800) 258-3115
- Website
- WWW.TWINSTARCU.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
INVEST IN PEOPLE, CHAMPION SUCCESS. WE BUILD COMMUNITIES WHERE ALL FEEL FINANCIALLY SECURE AND EMPOWERED TO REACH THEIR DREAMS.
Program accomplishments
- WITH THE COMBINED STRENGTH OF TWINSTAR CREDIT UNION AND NORTHWEST CREDIT UNION (TO NOW BE KNOWN AS PEAK CREDIT UNION), OUR MISSION IS TO INVEST IN PEOPLE AND CHAMPION SUCCESS. WE LOOK TO HELPING OUR MEMBERS AND BUILD COMMUNITIES WHERE ALL FEEL FINANCIALLY SECURE AND EMPOWERED TO REACH THEIR DREAMS. WE PROVIDE EVERYONE WITH ACCESS TO FINANCIAL EMPOWERMENT AND INDEPENDENCE.SHARE ACCOUNTS: TWINSTAR SAVINGS ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. TWINSTAR HAD 261,393 MEMBERS ON DECEMBER 31, 2024. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS MONTHLY AND OFFER ACCESS THROUGH THE BRANCH NETWORK, HOME BANKING VIA THE INTERNET OR TELEPHONE, MOBILE BANKING AND VIA ATMS WORLDWIDE. SPECIAL SAVINGS ACCOUNTS ARE DESIGNED FOR CHILDREN AND TEENAGERS TO ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS.
- CHECKING ACCOUNTS: TWINSTAR PROVIDES CHECKING ACCOUNTS FOR CONSUMERS WITH VARIOUS FEATURES, FROM FREE ACCOUNTS TO THOSE WITH ENHANCED BENEFITS. MOST OFFER DIVIDENDS THAT ARE PAID MONTHLY. ADDITIONALLY, TWINSTAR EXTENDS THE REACH OF THESE ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARDS, INTERNET ACCOUNT ACCESS, MOBILE BANKING AND FREE USE OF THE INTERNET BILL PAYER PLATFORM.
- CONSUMER LOANS: TWINSTAR CREDIT UNION HAS PROVIDED VEHICLE LOANS SINCE ITS EARLY YEARS. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES EFFICIENT UNDERWRITING AND FLEXIBLE OFFERINGS FOR RECREATIONAL VEHICLES, BOATS AND MOTORCYCLES. TWINSTAR ALSO OFFERS VISA CREDIT CARDS TO MEMBERS. THIS PRODUCT LINE SATISFIES MEMBERS DIVERSE BORROWING NEEDS, FROM A SHARE SECURED CARD TO A CREDIT LINE FOR YOUNG BORROWERS TO A CARD WITH LARGER CREDIT LINES AND LOW INTEREST RATES. TWINSTAR ALSO OFFERS HOME EQUITY/REAL ESTATE LOANS, BUSINESS LOANS AND STUDENT LOAN REFINANCE.
- WE OFFER AND ACTIVELY SELL TO OUR MEMBERS DIFFERENT KINDS OF INSURANCE: HOMEOWNERS, CONDO, RENTERS, TRAVEL, TRAILERS, RV, AUTO, MOTORCYCLE, WATERCRAFT, MOBILE/MANUFACTURED HOMES, ATVS, UMBRELLA, PERSONAL EXCESS POLICIES, EARTHQUAKE, FLOOD, COMMERCIAL AUTO AND SMALL BUSINESS LOANS.
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
- 91-0440744
- 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)
- $4,269,782,992
- Income (IRS master file)
- $318,713,080
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $318,637,000 | $292,369,538 | $4,269,782,992 | XML |
| 990 | December 2023 | $237,650,989 | $205,361,196 | $4,200,889,028 | XML |
| 990 | December 2022 | $119,511,993 | $93,765,436 | $2,252,123,510 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 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 91-0440744).
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 91-0440744.
- Is CREDIT UNIONS IN THE STATE OF WASHINGTON tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1954.
- 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 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CREDIT UNIONS IN THE STATE OF WASHINGTON 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 CREDIT UNIONS IN THE STATE OF WASHINGTON 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 CREDIT UNIONS IN THE STATE OF WASHINGTON?
- The 990 for the year ended December 31, 2024 names DAVID TUYO.
- Who are the officers and directors of CREDIT UNIONS IN THE STATE OF WASHINGTON?
- The 990 for the year ended December 31, 2024 lists 42 people; 42 received compensation from the organization, the highest $5,897,502 (JEFF KENNEDY, CEO/TREASURER).
- 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 $318,637,000, expenses of $292,369,538 and total assets of $4,269,782,992 at year end.
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- CREDIT UNIONS IN THE STATE OF WASHINGTON EIN 91-0683062 · last filed 990 for 2024
- ASSOCIATION OF WASHINGTON CITIES EMPLOYEES BENEFIT TRUST EIN 91-1338775 · last filed 990 for 2024
- WASHINGTON ASSOCIATION OF SHERIFFS AND POLICE CHIEFS EIN 91-0961051 · last filed 990 for 2024
- WASHINGTON SCHOOL PRINCIPALS EDUCATION FOUNDATION EIN 91-1153112 · last filed 990 for 2024
- AMERICAN FEDERATION OF STATE COUNTY & MUNICIPAL EMPLOYEES EIN 91-0607853 · last filed 990 for 2025
- EVERGREEN FREEDOM FOUNDATION EIN 94-3136961 · last filed 990 for 2024
- CHOICE REGIONAL HEALTH NETWORK EIN 91-1704039 · last filed 990 for 2025
- BEHAVIORAL HEALTH RESOURCES EIN 91-0666889 · last filed 990 for 2025