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Filing year 2024

WASHINGTON STATE EMPLOYEES CREDIT UNION

Olympia, Washington·EIN 91-0683062·501(c)(14)
Total revenue
$336M
Total assets
$5.2B
Total expenses
$331.4M
Reported officers
22
Mission

TO PROVIDE SERVICES TO MEMBERS WHICH ARE MANDATED IN THE CREDIT UNION ACT TO CHARTERS AND TO PROVIDE A MEANS WHEREBY MEMBERS CAN PROVIDE EACH OTHER WITH NEEDED FINANCIAL SERVICES.

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
$907k
Bonus
$307k
Other
$956k
Benefits
$7k
Chief Operating Officer
Above 90th percentile
$714k
$761k
Base
$480k
Bonus
$156k
Other
Benefits
$796
Chief Financial Officer
Above 90th percentile
$686k
$730k
Base
$459k
Bonus
$151k
Other
Benefits
$788
Chief Marketing & Analytics Officer
Key Employee
Above 90th percentile
$505k
$538k
Base
$329k
Bonus
$111k
Other
Benefits
$712
Chief Lending Officer
Key Employee
Above 90th percentile
$489k
$521k
Base
$366k
Bonus
$61k
Other
Benefits
$723
Chief Technology Officer
Key Employee
Above 90th percentile
$465k
$495k
Base
$324k
Bonus
$81k
Other
Benefits
$800
Financial Advisor
Highest Compensated Employee
75th to 90th percentile
$320k
$341k
Base
$288k
Bonus
$7k
Other
Benefits
$653
Chief Digital Officer
Key Employee
75th to 90th percentile
$319k
$339k
Base
$229k
Bonus
$43k
Other
Benefits
$581
VP People & Culture Services
Board Vice President
75th to 90th percentile
$318k
$339k
Base
$250k
Bonus
$46k
Other
Benefits
$634
VP Public Relations
Board Vice President
75th to 90th percentile
$304k
$324k
Base
$242k
Bonus
$41k
Other
Benefits
$518
VP Business Lending
Board Vice President
75th to 90th percentile
$303k
$322k
Base
$238k
Bonus
$44k
Other
Benefits
$611
VP Information Security and Fraud
Board Vice President
75th to 90th percentile
$298k
$317k
Base
$236k
Bonus
$41k
Other
Benefits
$546
Chief Administrative Officer
Key Employee
75th to 90th percentile
$288k
$307k
Base
$287k
Bonus
Other
Benefits
$819
Board Member
10th to 25th percentile
$2k
$2k
Board Member
10th to 25th percentile
$2k
$2k
Board Secretary
25th percentile to median
$2k
$2k
Board Vice Chair
Board Chair
10th to 25th percentile
$2k
$2k
Board Member
10th to 25th percentile
$2k
$2k
Board Member
Below 10th percentile
$1k
$1k
Board Member
Below 10th percentile
$1k
$1k
Board Chair
Below 10th percentile
$736
$784
Board Member
Below 10th percentile
$707
$753

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.

Up 39%
from 2023

From $1.7M in 2023 to $2.4M in 2024.

$1.7M
2023
$2.4M
2024
In today's dollarsEst.
Up 36% in real terms$1.9M 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 rose 39% from 2023 to 2024, while revenue rose 6%.

$1.7M in 2023 to $2.4M in 2024.
  • Chief Operating Officer pay fell 10% from 2023 to 2024.
  • Chief Financial Officer pay rose 4% 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

WASHINGTON STATE EMPLOYEES CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$317.9M
$289.3M
2023
$336M
$331.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about WASHINGTON STATE EMPLOYEES CREDIT UNION

What does the Chief Executive Officer of WASHINGTON STATE EMPLOYEES CREDIT UNION earn?

In 2024, the Chief Executive Officer of WASHINGTON STATE EMPLOYEES CREDIT UNION received $2,436,254 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 WASHINGTON STATE EMPLOYEES 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 WASHINGTON STATE EMPLOYEES CREDIT UNION falls in the top 10%.

What are WASHINGTON STATE EMPLOYEES CREDIT UNION's revenue and expenses?

In 2024, WASHINGTON STATE EMPLOYEES CREDIT UNION reported $336M in total revenue and $331.4M in total expenses on its IRS Form 990.

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