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Filing year 2024

INDUSTRIAL CREDIT UNION OF WHATCOM COUNTY

Bellingham, Washington·EIN 91-0587877·14
Total revenue
$27.6M
Total assets
$389.4M
Total expenses
$26.7M
Reported officers
23
Mission

Providing financial services to 34,709 member which includes but is not limited to loans and savings programs. These services are provided by 10 volunteers and 105 full and part time employees.

Executive compensation, broken down

Form 990 · Schedule J · 22 reported individuals · Filing year 2024

$393k
$419k
Base
$298k
Bonus
Other
$95k
Benefits
Vp/finance
key employee
$167k
$178k
Base
$167k
Bonus
Other
Benefits
Vp/lending
key employee
$159k
$169k
Base
$159k
Bonus
Other
Benefits
Vp/operations
key employee
$150k
$160k
Base
$150k
Bonus
Other
Benefits
Vp/it
key employee
$133k
$142k
Base
$133k
Bonus
Other
Benefits
Vp/human Resources
former officer/director/trustee
$132k
$141k
Base
$132k
Bonus
Other
Benefits
Vp/digital Services
key employee
$127k
$136k
Base
$127k
Bonus
Other
Benefits
Mortgage Program Manager
key employee
$119k
$127k
Base
$119k
Bonus
Other
Benefits
Business Intelligence Developer
key employee
$118k
$125k
Base
$118k
Bonus
Other
Benefits
Director of Marketing
director (operational)
$109k
$116k
Base
$109k
Bonus
Other
Benefits
Director/compliance
key employee
$104k
$110k
Base
$104k
Bonus
Other
Benefits
Director Enterprise Applications
key employee
$101k
$107k
Base
$101k
Bonus
Other
Benefits
Supervisory Committee
board member
$2k
$2k
Board of Director/secretary
board member
$2k
$2k
Board of Director/vice Chair
board chair
$2k
$2k
Supervisory Committee Chair
board chair
$2k
$2k
Board Chair
board chair
$2k
$2k
Board of Director
board member
$2k
$2k
Board of Director
board member
$2k
$2k
Supervisory Committee
board member
$2k
$2k
Board of Director
former officer/director/trustee
$2k
$2k
Board of Director
board member
$800
$852

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 1 unpaid individual.

Up 12%
from 2023

From $353k in 2023 to $393k in 2024.

$353k
2023
$393k
2024
In today's dollarsEst.
Up 8% in real terms$386k to $419k

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

INDUSTRIAL CREDIT UNION OF WHATCOM COUNTY reported revenue and expenses across 2 filing years.

RevenueExpenses
$27.3M
$28M
2023
$27.6M
$26.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
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