Nonprofit · EIN 91-0576399
IQ CREDIT UNION
Tax-exempt · VANCOUVER, WA 98660
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $128,694,198 | $107,438,006 | $21,256,192 | $2,014,416,592 | $1,809,184,689 | $205,231,903 |
| December 31, 2023 | 990 | $114,383,646 | $108,295,755 | $6,087,891 | $2,064,834,274 | $1,885,454,178 | $179,380,096 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,683,950
- Program service revenue
- $112,074,241
- Investment income
- $12,139,202
- Net gain from sales of assets
- -$133,361
- Other revenue
- $796,805
Expenses
- Grants and similar amounts paid
- $304,081
- Compensation of officers, directors and key employees
- $3,008,078
- Other salaries and wages
- $25,204,480
- Salaries, compensation and benefits (total)
- $36,271,866
- Professional fundraising fees
- $0
- Legal fees
- $107,444
- Accounting fees
- $217,839
- Occupancy
- $2,948,982
- Travel
- $195,255
- Depreciation
- $2,519,166
Balance sheet and other
- Total assets, start of year
- $2,064,834,274
- Total assets, end of year
- $2,014,416,592
- Total liabilities, end of year
- $1,809,184,689
- Net assets, end of year
- $205,231,903
- Land, buildings and equipment
- $27,572,583
- Publicly traded securities
- $94,304,855
- Gross unrelated business income
- $2,919,927
- Gross receipts
- $128,864,159
- Employees
- 439
- Volunteers
- 15
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC PETRACCA | PRESIDENT/CEO Officer | 48 | $891,086 | $64,010 |
| KARI STANSBERRY | SVP CHIEF ADMIN. OFFICER Key employee | 48 | $327,528 | $71,175 |
| DAN MEDAK | CFO Officer | 48 | $341,354 | $25,735 |
| JORDAN LEHRMAN | SVP CHIEF TECHNOLOGY OFFICER Key employee | 48 | $314,986 | $50,016 |
| ALI MIGAKI | SVP CHIEF EXPERIENCE OFFICER Key employee | 48 | $295,116 | $68,978 |
| GAYLE GUSTAFSON | SVP CHIEF LENDING OFFICER (THRU 4/24) Key employee | 48 | $281,383 | $42,251 |
| RYAN GREENWOOD | INVESTMENT SERVICES FINANCIAL ADVISOR Highest-paid employee | 48 | $258,115 | $43,564 |
| JON DAVIS | VP INVESTMENT SERVICES Highest-paid employee | 45 | $242,832 | $40,340 |
| DIANNE SMITH | VP MORTGAGE SERVICES Highest-paid employee | 45 | $219,721 | $36,927 |
| JEREMY WIERSMA | VP BUSINESS SERVICES Highest-paid employee | 45 | $222,534 | $19,824 |
| RUSS BERNADO | SVP CHIEF LENDING & CREDIT OFFICER Highest-paid employee | 45 | $204,350 | $18,142 |
| DOUGLAS E LEHRMAN | CHAIRMAN Trustee or director, Officer | 5 | $28,750 | $0 |
| JOSEPH NUTTING | VICE CHAIRMAN Trustee or director, Officer | 4 | $21,500 | $0 |
| SHARON EASTMAN | SECRETARY Trustee or director, Officer | 4 | $21,500 | $0 |
| EVELYN D GRENDAHL | TREASURER Trustee or director, Officer | 4 | $21,500 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIAN LOOS | BOARD MEMBER Trustee or director | 2.5 | $17,500 |
| DON KITTERMAN | BOARD MEMBER Trustee or director | 2.5 | $17,500 |
| JOAN DURGIN | BOARD MEMBER Trustee or director | 2.5 | $17,500 |
| STEVE PORTER | BOARD MEMBER Trustee or director | 2.5 | $17,500 |
| RONALD ALAN ODERMOTT | BOARD MEMBER Trustee or director | 2.5 | $14,750 |
| ARELENE HETT | BOARD MEMBER Trustee or director | 2.5 | $12,250 |
| KEVIN SHERRY | BOARD MEMBER Trustee or director | 2.5 | $12,250 |
| TROY GRAHAM | BOARD MEMBER Trustee or director | 2.5 | $12,250 |
| ALICIA MOORE | BOARD MEMBER Trustee or director | 2.5 | $9,940 |
| JIL CLICK | BOARD MEMBER Trustee or director | 2.5 | $7,560 |
| RYAN HOULE | BOARD MEMBER Trustee or director | 2.5 | $6,902 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC PETRACCA | PRESIDENT/CEO Officer | 48 | $899,063 | $57,088 |
| GAYLE GUSTAFSON | SVP CHIEF LENDING OFFICER Key employee | 48 | $396,004 | $41,997 |
| DANETTE LACHAPELLE | SVP CHIEF COMM. OFFICER (THRU 9/23) Key employee | 48 | $329,778 | $44,081 |
| KARI STANSBERRY | SVP CHIEF ADMIN. OFFICER Key employee | 48 | $304,946 | $62,946 |
| DAN MEDAK | CFO Officer | 48 | $312,058 | $24,642 |
| JORDAN LEHRMAN | SVP CHIEF TECHNOLOGY OFFICER Key employee | 48 | $283,093 | $39,587 |
| ALI MIGAKI | SVP CHIEF RETAIL OFFICER Key employee | 48 | $239,205 | $28,232 |
| JEREMY WIERSMA | VP BUSINESS SERVICES Highest-paid employee | 45 | $233,194 | $19,514 |
| DENIS MARSH | VP INSURANCE SERVICES Highest-paid employee | 45 | $212,523 | $29,948 |
| DIANNE SMITH | VP MORTGAGE SERVICES Highest-paid employee | 45 | $217,497 | $17,387 |
| LUKE JENKINS | SOFTWARE DEVELOPMENT MANAGER Highest-paid employee | 45 | $162,366 | $31,275 |
| BECKY NAVARRE | VP CORE APPLICATIONS Highest-paid employee | 45 | $185,509 | $6,876 |
| DOUGLAS E LEHRMAN | BOARD CHAIRMAN Trustee or director, Officer | 5 | $25,000 | $0 |
| JOSEPH NUTTING | BOARD VICE CHAIRMAN Trustee or director, Officer | 4 | $20,000 | $0 |
| SHARON EASTMAN | BOARD SECRETARY Trustee or director, Officer | 4 | $20,000 | $0 |
| EVELYN D GRENDAHL | BOARD TREASURER Trustee or director, Officer | 4 | $20,000 | $0 |
| STEVE PORTER | BOARD MEMBER Trustee or director | 2.5 | $16,000 | $0 |
| JIL CLICK | BOARD MEMBER Trustee or director | 2.5 | $16,000 | $0 |
| JOAN DURGIN | BOARD MEMBER Trustee or director | 2.5 | $16,000 | $0 |
| DON KITTERMAN | BOARD MEMBER Trustee or director | 2.5 | $16,000 | $0 |
| BRIAN LOOS | BOARD MEMBER Trustee or director | 2.5 | $14,050 | $0 |
| RONALD ALAN ODERMOTT | BOARD MEMBER Trustee or director | 2.5 | $14,000 | $0 |
| ARLENE HETT | BOARD MEMBER Trustee or director | 2.5 | $11,500 | $0 |
| JAMES ASKEY | BOARD MEMBER (THRU 03/23) Trustee or director | 2.5 | $6,933 | $0 |
| TROY GRAHAM | BOARD MEMBER Trustee or director | 2.5 | $6,517 | $0 |
| KEVIN SHERRY | BOARD MEMBER Trustee or director | 2.5 | $6,517 | $0 |
Address and contacts
- Address (IRS master file)
- 1313 MAIN ST, VANCOUVER, WA 98660-2918
- Principal officer (990 for 2024)
- DAN MEDAK, PO BOX 1739, VANCOUVER, WA 986681739
- Signed the 990
- DAN MEDAK, CFO
- Phone
- (360) 695-3441
- Website
- WWW.IQCU.COM
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
TO PROVIDE A FULL COMPLEMENT OF QUALITY FINANCIAL SERVICES IN A CONVENIENT, EFFICIENT, FRIENDLY, SECURE AND PROFITABLE MANNER WHICH MEETS THE NEED OF THE MEMBERSHIP.
Program accomplishments
- PROVIDE FINANCIAL SERVICES TO 103,840 MEMBERS. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, PROVIDING REAL ESTATE AND OTHER SECURED/ UNSECURED CONSUMER LOANS, CHECKING AND SAVINGS PROGRAMS, AND CREDIT CARD SERVICES.
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
- 91-0576399
- 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)
- $2,014,416,592
- Income (IRS master file)
- $128,864,159
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $128,694,198 | $107,438,006 | $2,014,416,592 | XML |
| 990 | December 2023 | $114,383,646 | $108,295,755 | $2,064,834,274 | XML |
| 990 | December 2022 | $92,392,104 | $68,013,244 | $2,008,224,369 | 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 91-0576399).
Questions about IQ CREDIT UNION
- What is the EIN of IQ CREDIT UNION?
- The employer identification number (EIN) of IQ CREDIT UNION is 91-0576399.
- Is IQ CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1954.
- Are donations to IQ CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IQ 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 IQ 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 IQ 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 IQ CREDIT UNION?
- The 990 for the year ended December 31, 2024 names DAN MEDAK.
- Who are the officers and directors of IQ CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 26 people; 26 received compensation from the organization, the highest $891,086 (ERIC PETRACCA, PRESIDENT/CEO).
- How much revenue does IQ CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $128,694,198, expenses of $107,438,006 and total assets of $2,014,416,592 at year end.
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