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Filing year 2024

SOUND CREDIT UNION

Tacoma, Washington·EIN 91-0557925·501(c)(14)
Total revenue
$178.2M
Total assets
$3.1B
Total expenses
$163.9M
Reported officers
22
Mission

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

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 22 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President/ceo
Above 90th percentile
$2.4M
$2.6M
Base
$960k
Bonus
$384k
Other
$831k
Benefits
$24k
Evp/chief Operations Officer
Officer (Unspecified)
$493k
$524k
Base
$347k
Bonus
$80k
Other
$12k
Benefits
$18k
Evp/chief Strategy Officer
Key Employee
Above 90th percentile
$432k
$459k
Base
$293k
Bonus
$67k
Other
$47k
Benefits
$14k
Svp/chief Retail Officer
Key Employee
Above 90th percentile
$399k
$425k
Base
$286k
Bonus
$59k
Other
$22k
Benefits
$21k
Svp/chief Lending & Business Officer
Key Employee
Above 90th percentile
$397k
$423k
Base
$276k
Bonus
$72k
Other
$13k
Benefits
$24k
Svp/chief Information Officer
Key Employee
75th to 90th percentile
$352k
$375k
Base
$250k
Bonus
$64k
Other
$8k
Benefits
$21k
Svp/chief Employee Engagement Officer
Key Employee
75th to 90th percentile
$339k
$361k
Base
$249k
Bonus
$63k
Other
$1k
Benefits
$15k
Svp/chief Growth Officer
Highest Compensated Employee
75th to 90th percentile
$332k
$354k
Base
$239k
Bonus
$61k
Other
$6k
Benefits
$16k
Evp/chief Financial & Risk Officer
Officer (Unspecified)
$315k
$335k
Base
$225k
Bonus
$65k
Other
$8k
Benefits
$11k
VP Business Loan Officer
Board Vice President
75th to 90th percentile
$268k
$285k
Base
$111k
Bonus
$135k
Other
$598
Benefits
$12k
Vp/business Lending
Highest Compensated Employee
75th to 90th percentile
$254k
$271k
Base
$194k
Bonus
$30k
Other
$1k
Benefits
$19k
Vp/change Management & Enterprise Projects
Board Vice President
75th to 90th percentile
$249k
$265k
Base
$190k
Bonus
$30k
Other
Benefits
$20k
VP Business Loan Officer
Board Vice President
75th to 90th percentile
$244k
$260k
Base
$116k
Bonus
$113k
Other
$365
Benefits
$11k
Director
Board Member
Median to 75th percentile
$45k
$48k
Chair
Board Chair
Median to 75th percentile
$42k
$44k
Director
Board Member
Median to 75th percentile
$41k
$44k
Vice Chair
Board Vice Chair
Median to 75th percentile
$40k
$43k
Director
Board Member
Median to 75th percentile
$40k
$43k
Director
Board Member
Median to 75th percentile
$40k
$43k
Director
Board Member
Median to 75th percentile
$39k
$42k
Director
Board Member
Median to 75th percentile
$35k
$37k
Secretary/treasurer
Officer (Unspecified)
$35k
$37k

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.

Down 40%
from 2023

From $4M in 2023 to $2.4M in 2024.

$4M
2023
$2.4M
2024
In today's dollarsEst.
Down 42% in real terms$4.4M to $2.6M

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.

Pay for the position

Chief Executive Officer pay fell 40% from 2023 to 2024, while revenue rose 18%.

$4M in 2023 to $2.4M in 2024.
  • Key Employee pay rose 15% from 2023 to 2024.
  • Highest Compensated Employee pay rose 7% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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

Revenue and expenses over time

SOUND CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$151.5M
$130.4M
2023
$178.2M
$163.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about SOUND CREDIT UNION

What does the Chief Executive Officer of SOUND CREDIT UNION earn?

In 2024, the Chief Executive Officer of SOUND CREDIT UNION received $2,397,268 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SOUND CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at SOUND CREDIT UNION falls in the top 10%.

What are SOUND CREDIT UNION's revenue and expenses?

In 2024, SOUND CREDIT UNION reported $178.2M in total revenue and $163.9M in total expenses on its IRS Form 990.

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