Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 91-0557925

CREDIT UNIONS IN THE STATE OF WASHINGTON

Also known as SOUND CREDIT UNION

Tax-exempt · TACOMA, WA 98402

Financials

$151.5M$130.4M2023$178.2M$163.9M2024
Revenue Expenses · by fiscal year end
Financials of CREDIT UNIONS IN THE STATE OF WASHINGTON by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$178,242,646$163,923,839$14,318,807$3,072,228,160$2,768,305,024$303,923,136
December 31, 2023990$151,525,047$130,382,270$21,142,777$2,910,727,295$2,622,199,081$288,528,214
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$161,228,930
Investment income
$16,649,127
Net rental income
$364,589
Net gain from sales of assets
-$98,343
Other revenue
$364,589

Expenses

Grants and similar amounts paid
$192,000
Compensation of officers, directors and key employees
$5,480,603
Other salaries and wages
$30,735,600
Salaries, compensation and benefits (total)
$48,051,469
Professional fundraising fees
$0
Legal fees
$85,278
Accounting fees
$747,131
Occupancy
$3,189,824
Travel
$774,771
Depreciation
$3,803,696

Balance sheet and other

Total assets, start of year
$2,910,727,295
Total assets, end of year
$3,072,228,160
Total liabilities, end of year
$2,768,305,024
Net assets, end of year
$303,923,136
Land, buildings and equipment
$58,029,017
Publicly traded securities
$211,241,172
Gross unrelated business income
$473,233
Gross receipts
$178,648,724
Employees
487
Volunteers
0
Year formed
1940
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.

NameTitleHours / weekCompensationOther / benefits
DONALD CLARK JRPRESIDENT/CEO
Officer
40$2,174,396$222,872
WENDY CLEVELAND THRU 224EVP/CHIEF OPERATIONS OFFICER
Officer
40$438,818$53,782
ROBYN LACHANCEEVP/CHIEF STRATEGY OFFICER
Key employee
40$406,854$24,690
CHARLENE HENSONSVP/CHIEF RETAIL OFFICER
Key employee
40$367,445$31,807
LYMAN WILLIAMSSVP/CHIEF LENDING & BUSINESS OFFICER
Key employee
40$361,458$35,411
NANCY STERNITZKYSVP/CHIEF INFORMATION OFFICER
Key employee
40$321,678$30,403
KIMBERLY MAPESSVP/CHIEF EMPLOYEE ENGAGEMENT OFFICER
Key employee
40$313,340$25,925
RYAN ZILKERSVP/CHIEF GROWTH OFFICER
Highest-paid employee
40$305,809$26,558
STACEY WILKERSONEVP/CHIEF FINANCIAL & RISK OFFICER
Officer
40$298,067$16,657
ANTHONY PHILLIPSVP BUSINESS LOAN OFFICER
Highest-paid employee
40$246,001$21,951
CURTIS ANDERSON THRU 524VP/BUSINESS LENDING
Highest-paid employee
40$225,899$28,336
UWE GOEKERVP/CHANGE MANAGEMENT & ENTERPRISE PROJECTS
Highest-paid employee
40$219,720$29,075
BENJAMIN REEDVP BUSINESS LOAN OFFICER
Highest-paid employee
40$228,624$15,682
SHELLEY COLEMANDIRECTOR
Trustee or director
1$45,250$0
JOHN BAUDERCHAIR
Trustee or director, Officer
1$41,750$0
7 more people on this return
NameTitleHours / weekCompensation
JAMES GRIGGSDIRECTOR
Trustee or director
1$41,000
BARRY WALLISVICE CHAIR
Trustee or director, Officer
1$40,000
HALUK DEMIRKANDIRECTOR
Trustee or director
1$40,000
DAVID WASSONDIRECTOR
Trustee or director
1$40,000
TERRY PENTIMONTIDIRECTOR
Trustee or director
1$39,000
ALTAF MERCHANTSECRETARY/TREASURER
Trustee or director, Officer
1$35,000
BRENDA GOODSON-MOOREDIRECTOR
Trustee or director
1$35,000
990 for the year ended December 31, 2023: 22 people
NameTitleHours / weekCompensationOther / benefits
DONALD CLARK JRPRESIDENT/CEO
Officer
40$3,850,579$151,274
TROY GARRYEVP/CFO (THRU 10/23)
Officer
40$463,754$55,120
WENDY CLEVELANDEVP/CHIEF OPERATIONS OFFICER
Officer
40$425,743$50,325
ROBYN LACHANCEEVP/CHIEF STRATEGY OFFICER
Key employee
40$354,241$21,900
LYMAN WILLIAMSSVP/CHIEF LENDING OFFICER
Key employee
40$329,020$36,094
NANCY STERNITZKYSVP/CHIEF INFORMATION OFFICER
Key employee
40$314,679$35,562
CHARLENE HENSONSVP/CHIEF RETAIL OFFICER
Key employee
40$291,721$32,405
KIMBERLY MAPESSVP/CHIEF EMPLOYEE ENGAGEMENT OFFICER
Key employee
40$292,399$19,029
RYAN ZILKERSVP/CHIEF MARKETING OFFICER
Highest-paid employee
40$282,289$28,005
UWE GOEKERVP/CHANGE MANAGEMENT & ENTERPRISE PROJECTS
Highest-paid employee
40$220,912$33,610
JASON MCDOUGALVP/BUSINESS INTELLIGENCE
Highest-paid employee
40$211,442$30,849
CURTIS ANDERSONVP/BUSINESS LENDING
Highest-paid employee
40$214,655$26,749
ANDREW BLOOMSBA LOAN OFFICER
Highest-paid employee
40$210,933$17,329
SHELLEY COLEMANCHAIR
Trustee or director, Officer
1$47,000$0
JAMES GRIGGSDIRECTOR
Trustee or director
1$41,000$0
JOHN BAUDERVICE CHAIR
Trustee or director, Officer
1$40,000$0
BARRY WALLISSECRETARY/TREASURER
Trustee or director, Officer
1$40,000$0
HALUK DEMIRKANDIRECTOR
Trustee or director
1$40,000$0
DAVID WASSONDIRECTOR
Trustee or director
1$40,000$0
TERRY PENTIMONTIDIRECTOR
Trustee or director
1$39,000$0
BRENDA GOODSON-MOOREDIRECTOR
Trustee or director
1$35,000$0
ALTAF MERCHANTDIRECTOR
Trustee or director
1$35,000$0

Address and contacts

Address (IRS master file)
1331 BROADWAY, TACOMA, WA 98402-3410
Principal officer (990 for 2024)
DONALD CLARK JR, PO BOX 1595, TACOMA, WA 98401
Signed the 990
STACEY WILKERSON, EVP/CFO
Phone
(253) 597-7603
Return prepared by
BAKER TILLY ADVISORY GROUP LP

Mission

A MEMBER OWNED COOPERATIVE PROVIDING FINANCIAL SERVICES, INCLUDING LOANS AND SHARE DEPOSITS TO ITS MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • ON THE LIABILITY/EQUITY SIDE OF THE BALANCE SHEET OUR MEMBERS HOLD 306,046 SAVINGS, CHECKING, AND MONEY MARKET DEPOSIT ACCOUNTS WITH COMBINED BALANCES OF $1,719,538,740. MEMBERS HOLD 2,556 IRA SAVINGS ACCOUNTS WITH COMBINED BALANCES OF $16,594,419. THESE FUNDS ARE POOLED AND USED PRIMARILY TO FUND CONSUMER AND REAL ESTATE SECURED LOANS TO OUR MEMBERSHIP.
  • ALSO ON THE LIABILITY/EQUITY SIDE OF THE BALANCE SHEET, 17,841 OF OUR MEMBERS HOLD CERTIFICATE ACCOUNTS WITH TOTAL BALANCES OF $847,332,843
  • ON THE ASSET SIDE, 85,992 OF OUR MEMBERS HOLD CONSUMER LOANS THAT INCLUDE VEHICLE, STUDENT, MORTGAGE, AND VISA LOANS. CONSUMER LOANS THAT INCLUDE VEHICLE SECURED LOANS THAT $891,229,341. REAL ESTATE SECURED LOANS TOTALS $1,390,247,083. THE LOAN PORTFOLIO TOTALS, $2,464,640,693.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
91-0557925
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
Assets (IRS master file)
$3,072,228,160
Income (IRS master file)
$178,648,724

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$178,242,646$163,923,839$3,072,228,160XML
990December 2023$151,525,047$130,382,270$2,910,727,295XML
990December 2022$118,091,214$96,088,860$2,699,695,858IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 91-0557925).

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 91-0557925.
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 DONALD CLARK JR.
Who are the officers and directors of CREDIT UNIONS IN THE STATE OF WASHINGTON?
The 990 for the year ended December 31, 2024 lists 22 people; 22 received compensation from the organization, the highest $2,174,396 (DONALD CLARK JR, 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 $178,242,646, expenses of $163,923,839 and total assets of $3,072,228,160 at year end.

Other nonprofits in TACOMA

All nonprofits in TACOMA · Washington