Nonprofit · EIN 91-1274190
CREDIT UNIONS IN THE STATE OF WASHINGTON
Also known as WCLA CREDIT UNION
Tax-exempt · OLYMPIA, WA 98507
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,321,180 | $6,263,292 | $2,057,888 | $125,915,543 | $104,609,871 | $21,305,672 |
| December 31, 2023 | 990 | $6,400,206 | $4,688,670 | $1,711,536 | $121,032,916 | $101,785,132 | $19,247,784 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $7,853,353
- Investment income
- $467,827
- Net gain from sales of assets
- -$697
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $13,000
- Compensation of officers, directors and key employees
- $626,111
- Other salaries and wages
- $567,034
- Salaries, compensation and benefits (total)
- $1,402,648
- Professional fundraising fees
- $0
- Legal fees
- $1,313
- Accounting fees
- $44,387
- Occupancy
- $77,547
- Travel
- $25,769
- Depreciation
- $28,290
Balance sheet and other
- Total assets, start of year
- $121,032,916
- Total assets, end of year
- $125,915,543
- Total liabilities, end of year
- $104,609,871
- Net assets, end of year
- $21,305,672
- Land, buildings and equipment
- $224,652
- Publicly traded securities
- $738,353
- Gross receipts
- $8,322,377
- Employees
- 11
- Volunteers
- 13
- Year formed
- 1985
- 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 |
|---|---|---|---|---|
| Charles Thompson | CEO Officer | 45 | $193,699 | $45,499 |
| Casey Smith | Senior Loan Officer Key employee | 45 | $173,460 | $30,648 |
| Teresa Carlson | Accounting/Operations Manager Key employee | 45 | $168,325 | $29,709 |
| Brian Bahs | Former CEO Former | 0 | $191,415 | $0 |
| Brandon Dunnaback | Loan Officer Highest-paid employee | 45 | $119,847 | $36,149 |
| Chad Yerrington | Loan Officer Highest-paid employee | 45 | $130,305 | $23,126 |
| Greg Horsley | Board Treasurer/Board Chair Trustee or director | 1 | $0 | $0 |
| Roger Smith | Board Vice Chair Trustee or director | 1 | $0 | $0 |
| Edward Gould | Board Member/Director/Treas/Sec Trustee or director | 1 | $0 | $0 |
| Blair Stadin | Board Member/Director Trustee or director | 1 | $0 | $0 |
| Rob Allen | Board Member/Director Trustee or director | 1 | $0 | $0 |
| Kylie Pegoraro | Board Member/Director Trustee or director | 1 | $0 | $0 |
| Tim Eastman | Board Member/Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Brian Bahs | CEO Officer | 40 | $293,138 | $50,517 |
| Charles Thompson | President Officer | 40 | $177,461 | $38,842 |
| Casey Smith | Senior Loan Officer Key employee | 40 | $166,280 | $28,633 |
| Teresa Carlson | Accounting/Operations Manager Key employee | 40 | $154,700 | $27,722 |
| Brandon Dunnaback | Loan Officer Highest-paid employee | 40 | $115,549 | $29,970 |
| Dan Richart | Board Chairman-Retired Trustee or director | 1 | $0 | $0 |
| Roger Smith | Board Vice Chair Trustee or director | 1 | $0 | $0 |
| Greg Horsley | Board Treasurer/Board Chair Trustee or director | 1 | $0 | $0 |
| Dan Kipp | Board Member/Director-Retired Trustee or director | 1 | $0 | $0 |
| Edward Gould | Board Member/Director/Treas/Sec Trustee or director | 1 | $0 | $0 |
| Blair Stadin | Board Member/Director Trustee or director | 1 | $0 | $0 |
| Rob Allen | Board Member/Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 207, OLYMPIA, WA 98507-0207
- Principal officer (990 for 2024)
- Charles Thompson, 2419 Pacific Ave SE, Olympia, WA 98501
- Signed the 990
- Teresa Carlson, VP of Finance & Operations
- Phone
- (360) 352-5033
- Website
- loggerscu.com
Mission
To provide services to members mandated in the Credit Union Act and Charter, including providing members the opportunity to assist other members. The purpose of this Credit Union is to promote thrift among its members and to create a source of credit for them at legitimate rates of interest for provident, productive and educational purposes.
Program accomplishments
- WCLA Credit Union is a section 501(c)(14) cooperative-owned, state-chartered credit union that provides financial services, including loan and share accounts, to its approximately 1400 members, similar to federally-chartered credit unions.
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
- 91-1274190
- 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)
- $125,915,543
- Income (IRS master file)
- $8,322,377
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,321,180 | $6,263,292 | $125,915,543 | XML |
| 990 | December 2023 | $6,400,206 | $4,688,670 | $121,032,916 | XML |
| 990 | December 2022 | $4,805,728 | $2,663,722 | $103,660,940 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 91-1274190).
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 91-1274190.
- 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 Charles Thompson.
- Who are the officers and directors of CREDIT UNIONS IN THE STATE OF WASHINGTON?
- The 990 for the year ended December 31, 2024 lists 13 people; 6 received compensation from the organization, the highest $193,699 (Charles Thompson, 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 $8,321,180, expenses of $6,263,292 and total assets of $125,915,543 at year end.
Other nonprofits in OLYMPIA
- CREDIT UNIONS IN THE STATE OF WASHINGTON EIN 91-0683062 · last filed 990 for 2024
- CREDIT UNIONS IN THE STATE OF WASHINGTON EIN 91-0440744 · 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