EIN 91-0683062

Washington State Employees Credit Union (WSECU)

IRS 501(c) type
501(c)(14)
Num. employees
910
Year formed
1957
Most recent tax filings
2022-12-01
Description
Washington State Employees Credit Union offers services mandated by the Credit Union Act to provide financial services to its members. It provides a variety of credit card options with no annual fee, a variable interest rate, and a 25-day grace period on new purchases. WSECU offers different savings and checking account options tailored to the varying needs of its members, simplifying budget management as they work toward their financial goals.
Related structure
WSECU is child organization, under the parent exemption from Credit Unions in the State of Washington / Division of Credit Unions.
Also known as...
Credit Unions in the State of Washington
Total revenues
$218,232,879
2022
Total expenses
$200,999,720
2022
Total assets
$4,932,136,053
2022
Num. employees
910
2022

Program areas at WSECU

Savings and checking: we know different members have different needs from their checking and savings accounts. That's why we offer variety. Wsecu can help members make managing their budgets simpler as they work toward their financial goals. We offer different checking options to our members. Members can access their accounts any time of the day or night with their debit or atm card. Wsecu is a proud partner of the co-op network, offering members free access to 25,000 atms across the united states.
Credit cards: wsecu provides a variety of Credit card options to meet the varied lifestyles of our members. Each option includes the value of a variable interest rate, no annual fee, plus the cost-savings benefit of a 25-day grace period on new purchases - and the purchasing power of the most recognized Credit card in the world. Each of our Credit card options provides unique features and benefits. From higher spending limits to rewards programs to first-time cardholders establishing Credit, wsecu members have an exciting range of Credit card options from which to choose.
Loans: from the cars members drive to the untapped equity in their homes, wsecu loans are designed to give members the utmost buying power and payment flexibility. Backed with our outstanding service, there is simply no better place to go for members' lending needs.

Grants made by WSECU

GranteeGrant descriptionAmount
Saint Martin's UniversityTo Donate To A Cause Believed in By the Members$14,500
The Memorial FoundationTo Donate To A Cause Believed in By the Members$5,400

Personnel at WSECU

NameTitleCompensation
Gary SwindlerPresident and Chief Executive Officer$1,128,000
Paul KirkbrideChief Operating Officer / Chief Credit Officer$540,773
Randy GundersonChief Financial Officer$748,366
Emily FriesenChief Marketing and Analytics Officer$182,343
Sharon WhiteheadChief Administrative Officer$760,735
...and 9 more key personnel

Financials for WSECU

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$200,879,924
Investment income and dividends$17,474,763
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$950,406
Net gain from sale of non-inventory assets$-1,072,214
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$218,232,879

Form 990s for WSECU

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-31990View PDF
2021-122022-11-02990View PDF
2020-122021-10-20990View PDF
2019-122021-06-08990View PDF
2018-122020-01-14990View PDF
...and 8 more Form 990s

Organizations like WSECU

OrganizationLocationRevenue
Whatcom Educational Credit UnionBellingham, WA$98,737,059
Gesa Credit UnionRichland, WA$219,180,132
TwinStar Credit UnionOlympia, WA$119,511,993
Sound Credit UnionTacoma, WA$118,091,214
Numerica Credit UnionSpokane Valley, WA$175,521,623
Horizon Credit Union (HZCU)Spokane Valley, WA$83,502,229
Kitsap Credit Union (KCU)Bremerton, WA$104,047,497
iQ Credit Union (IQCU)Vancouver, WA$92,392,104
Salal Credit UnionSeattle, WA$63,361,594
Credit Unions in the State of Washington Boeing Employees Credit Union (BECU)Tukwila, WA$1,076,116,183
Data update history
January 9, 2024
Updated personnel
Identified 4 new personnel
December 27, 2023
Used new vendors
Identified 2 new vendors, including , and
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 8, 2023
Updated personnel
Identified 3 new personnel
July 5, 2023
Used new vendors
Identified 3 new vendors, including , , and
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
MembershipsState / local levelProvides scholarships
General information
Address
PO Box Wsecu
Olympia, WA 98507
Metro area
Olympia-Lacey-Tumwater, WA
County
Thurston County, WA
Website URL
wsecu.org/ 
Phone
(360) 943-7911
Facebook page
WSECU 
Twitter profile
@wsecu 
IRS details
EIN
91-0683062
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1957
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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