EIN 91-0176215

Seattle Metropolitan Credit Union Seattle Credit Union (SMCU)

IRS 501(c) type
501(c)(14)
Num. employees
244
Year formed
1933
Most recent tax filings
2023-12-01
Description
Seattle Metropolitan Credit Union has provided financial services to the employees and family members of the City of Seattle. Since then, we have expanded our charter to include anyone who lives or works in the state of Washington. Seattle Metropolitan Credit Union is a not-for-profit financial cooperative. When individuals become members of a credit union, they become equal shareholders, each with one vote to elect their volunteer Board of Directors and Supervisory Committee. These volunteers oversee a professional management team and overall credit union operations.
Related structure
SMCU is child organization, under the parent exemption from Credit Unions in the State of Washington / Division of Credit Unions.
Also known as...
Seattle Metropolitan Credit Union; Seattle Credit Union
Total revenues
$57,735,407
2023
Total expenses
$57,344,108
2023
Total assets
$1,114,328,070
2023
Num. employees
244
2023

Program areas at SMCU

Seattle Metropolitan Credit Union (smcu) has been providing services to its members since 1933. Since its inception, smcu has considered itself an advocate for its members by providing member-centric financial services and financial literacy education at low or no cost.
Members have the same variety of selection on the deposit side of the product line with offerings ranging from basic checking and savings accounts to iras, certificates, money markets and high-yield accounts. Smcu also offers business accounts and investment services that are designed to maintain the member's best interest. As an advocate for its membership, smcu places a high priority on educational resources. As a result, smcu has invested in online applications to help members make decisions related to planning, borrowing, budgeting and protecting their Credit. Life vision and mortgage advisor are two tools offered on personal finances and respectives from home and family finance on car buying, Credit protection and budgeting. For those members who prefer to speak to someone in person, smcu provides free Credit counseling through "balance," a financial fitness program that focuses on money management in addition to identity theft prevention and assistance.
As of december 31, 2023, smcu had 55,314 members. These members participated in 31,075 loan and 105,237 deposit products. Smcu's loan offerings include a wide range of options from standard auto loans, mortgages and lines of Credit, to more segmented products including motorcycles, classic cards, boats, recreational vehicles, and aircraft loans. Smcu has also recently extended its loan products to include business loans to qualified members. All loan products come in a variety of terms to provide payment options that best suit the membership's needs.

Grants made by SMCU

GranteeGrant descriptionAmount
Edmonds College FoundationFeel Good Checking Donations$22,440
National Black MBA Association - Seattle ChapterBlack Owned Business 2023 Sponsorship$10,000

Personnel at SMCU

NameTitleCompensation
Richard RomeroChief Executive Officer$665,858
Mele MillerChief Operating Officer$299,684
Michael CruzChief Financial Officer
David MeansChief Information Officer$190,750
Kelly EarnestChief People Officer$260,294
...and 10 more key personnel

Financials for SMCU

RevenuesFYE 12/2023
Total grants, contributions, etc.$457,626
Program services$53,929,795
Investment income and dividends$3,347,916
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$70
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$57,735,407

Form 990s for SMCU

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-13990View PDF
2022-122023-11-06990View PDF
2021-122022-11-15990View PDF
2020-122021-11-09990View PDF
2019-122021-06-24990View PDF
...and 10 more Form 990s

Organizations like SMCU

OrganizationLocationRevenue
Industrial Credit Union of Whatcom CountyBellingham, WA$27,349,978
Our Community Credit Union (OCCU)Shelton, WA$32,175,619
Red Canoe Credit Union / Credit Unions in the State of WashingtonLongview, WA$56,003,115
Verity Credit UnionSeattle, WA$45,304,618
Whatcom Educational Credit UnionBellingham, WA$138,092,209
Kitsap Credit Union (KCU)Bremerton, WA$135,974,513
North Coast Credit UnionBellingham, WA$19,478,425
Solarity Credit UnionYakima, WA$42,914,902
Sound Credit UnionTacoma, WA$151,525,047
TwinStar Credit UnionOlympia, WA$237,650,989
Data update history
October 3, 2024
Updated personnel
Identified 7 new personnel
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 21, 2024
Updated personnel
Identified 7 new personnel
December 31, 2023
Used new vendors
Identified 3 new vendors, including , , and
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local levelReceives government fundingCommunity engagement / volunteering
General information
Address
1910 1st Ave S
Seattle, WA 98134
Metro area
Seattle-Tacoma-Bellevue, WA
County
King County, WA
Website URL
seattlecu.com/ 
Phone
(206) 398-5500
Facebook page
SeattleMetropolitan 
Twitter profile
@seattlemetcu 
IRS details
EIN
91-0176215
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1933
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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