Iq Credit Union

Vancouver, WA
Tax-exempt since July 1954
EIN: 91-0576399

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Type of Nonprofit

Designated as a 501(c)(14) State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Revenue

$114M (2023)

Expenses

$108M (2023)

Total Assets

$2.06B (2023)

Total Liabilities

$1.89B (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$114,383,646

Expenses

$108,295,755

Net Income

$6,087,891

Net Assets

$179,380,096

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$104,997,854	91.8%
Investment Income	$8,841,193	7.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$17,289
Net Fundraising	$0
Sales of Assets	-$39,650
Net Inventory Sales	$0
Other Revenue	$601,538	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,290,345	3.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$24,805,778	22.9%

Assets/Debt
Total Assets	$2,064,834,274
Total Liabilities	$1,885,454,178
Net Assets	$179,380,096

Compensation

Key Employees and Officers	Compensation	Related	Other
Eric Petracca (President/Ceo)	$899,063	$0	$57,088
Gayle Gustafson (Svp Chief Lending Officer)	$396,004	$0	$41,997
Danette Lachapelle (Svp Chief Comm. Officer (Thru 9/23))	$329,778	$0	$44,081
Dan Medak (Cfo)	$312,058	$0	$24,642
Kari Stansberry (Svp Chief Admin. Officer)	$304,946	$0	$62,946
Jordan Lehrman (Svp Chief Technology Officer)	$283,093	$0	$39,587
Ali Migaki (Svp Chief Retail Officer)	$239,205	$0	$28,232
Jeremy Wiersma (Vp Business Services)	$233,194	$0	$19,514
Dianne Smith (Vp Mortgage Services)	$217,497	$0	$17,387
Denis Marsh (Vp Insurance Services)	$212,523	$0	$29,948
Becky Navarre (Vp Core Applications)	$185,509	$0	$6,876
Luke Jenkins (Software Development Manager)	$162,366	$0	$31,275
Douglas E Lehrman (Board Chairman)	$25,000	$0	$0
Joseph Nutting (Board Vice Chairman)	$20,000	$0	$0
Sharon Eastman (Board Secretary)	$20,000	$0	$0
Evelyn D Grendahl (Board Treasurer)	$20,000	$0	$0
Steve Porter (Board Member)	$16,000	$0	$0
Jil Click (Board Member)	$16,000	$0	$0
Joan Durgin (Board Member)	$16,000	$0	$0
Don Kitterman (Board Member)	$16,000	$0	$0
Brian Loos (Board Member)	$14,050	$0	$0
Ronald Alan Odermott (Board Member)	$14,000	$0	$0
Arlene Hett (Board Member)	$11,500	$0	$0
James Askey (Board Member (Thru 03/23))	$6,933	$0	$0
Troy Graham (Board Member)	$6,517	$0	$0
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990

Filed on Aug. 6, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$92,392,104

Expenses

$68,013,244

Net Income

$24,378,860

Net Assets

$167,765,097

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$86,126,385	93.2%
Investment Income	$2,762,897	3.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$15,487
Net Fundraising	$0
Sales of Assets	$3,002,538	3.2%
Net Inventory Sales	$0
Other Revenue	$515,771	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,092,429	4.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$21,331,447	31.4%

Assets/Debt
Total Assets	$2,008,224,369
Total Liabilities	$1,840,459,272
Net Assets	$167,765,097

Compensation

Key Employees and Officers	Compensation	Related	Other
Eric Petracca (President/Ceo)	$726,472	$0	$60,298
Danette Lachapelle (Svp Chief Comm. Officer)	$619,468	$0	$17,525
Gayle Gustafson (Svp Chief Lending Officer)	$271,907	$0	$40,739
Kari Stansberry (Svp Chief Admin. Officer)	$267,463	$0	$63,777
Ryan Greenwood (Investment Svcs Financial Advisor)	$267,278	$0	$43,013
Dan Medak (Cfo)	$266,200	$0	$22,179
Jordan Lehrman (Svp Chief Technology Officer)	$226,429	$0	$41,628
Jeremy Wiersma (Vp Business Services)	$222,703	$0	$17,314
Jon Davis (Vp Investment Services)	$208,624	$0	$39,079
Denis Marsh (Vp Insurance Services)	$203,738	$0	$34,030
Ali Migaki (Svp Chief Retail Officer)	$196,874	$0	$28,403
Dianne Smith (Vp Mortgage Services)	$182,644	$0	$31,043
Douglas E Lehrman (Board Chairman)	$24,125	$0	$0
Sharon Eastman (Board Secretary)	$19,569	$0	$0
Joseph Nutting (Board Vice Chairman)	$19,569	$0	$0
Evelyn D Grendahl (Board Treasurer)	$19,569	$0	$0
Steve Porter (Board Member)	$15,763	$0	$0
James Askey (Board Member)	$15,763	$0	$0
Jil Click (Board Member)	$15,763	$0	$0
Joan Durgin (Board Member)	$15,763	$0	$0
Don Kitterman (Board Member)	$15,763	$0	$0
Ronald Alan Odermott (Board Member)	$13,725	$0	$0
Brian Loos (Board Member)	$11,313	$0	$0
Arlene Hett (Board Member)	$11,313	$0	$0

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990

Filed on Nov. 10, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$77,633,682

Expenses

$58,167,316

Net Income

$19,466,366

Net Assets

$154,062,883

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$74,656,585	96.2%
Investment Income	$1,431,315	1.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$6,601	0.0%
Net Inventory Sales	$0
Other Revenue	$1,539,181	2.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,223,030	5.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$17,617,913	30.3%

Assets/Debt
Total Assets	$1,792,465,816
Total Liabilities	$1,638,402,933
Net Assets	$154,062,883

Compensation

Key Employees and Officers	Compensation	Related	Other
Dewayne Ledbetter (Chief Comm. Officer (Thru 4/21))	$996,189	$0	$11,902
Eric Petracca (President/Ceo)	$474,596	$0	$34,745
Kelly Schrader (President (Thru 1/21))	$416,046	$0	$11,700
Michael Booth (Sr. Mortgage Loan Officer)	$363,964	$0	$20,000
Melanie Josephson (Mortgage Loan Officer)	$288,275	$0	$8,983
Gayle Gustafson (Chief Lending Officer)	$231,958	$0	$29,098
Denis Marsh (Vp Insurance Services)	$210,264	$0	$16,904
Kari Stansberry (Chief Administrative Officer)	$209,117	$0	$40,415
Danette Lachapelle (Chief Comm. Officer)	$197,635	$0	$47,979
Jonathan Davis (Vp Investment & Retirement)	$177,023	$0	$23,475
Ali Migaki (Svp Chief Retail Officer)	$167,198	$0	$18,049
Dianne Smith (Vp Mortgage Services)	$164,172	$0	$14,441
Dan Medak (Cfo)	$146,321	$0	$4,107
Doug Lehrman (Board Chairman)	$21,500	$0	$0
Joseph Nutting (Board Vice Chairman)	$18,275	$0	$0
Sharon Eastman (Board Secretary)	$18,275	$0	$0
Evie Grendahl (Board Treasurer)	$18,275	$0	$0
Jim Askey (Board Member)	$15,050	$0	$0
Jil Click (Board Member)	$15,050	$0	$0
Joan Durgin (Board Member)	$15,050	$0	$0
Don Kitterman (Board Member)	$15,050	$0	$0
Steve Porter (Board Member)	$15,050	$0	$0
Ron Odermott (Board Member)	$12,900	$0	$0
Arlene Hett (Board Member)	$10,750	$0	$0
Brian Loos (Board Member)	$10,750	$0	$0

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990

Filed on Nov. 15, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$75,016,143

Expenses

$59,297,085

Net Income

$15,719,058

Net Assets

$137,201,010

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$71,903,039	95.9%
Investment Income	$1,168,529	1.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,944,575	2.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,078,944	5.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$17,987,169	30.3%

Assets/Debt
Total Assets	$1,533,211,130
Total Liabilities	$1,396,010,120
Net Assets	$137,201,010

Compensation

Key Employees and Officers	Compensation	Related	Other
Kelly Schrader (Ceo & President)	$1,245,766	$0	$12,600
Michael Booth (Senior Mortgage Loan Officer)	$775,354	$0	$19,800
Melanie Josephson (Mortgage Loan Officer)	$519,721	$0	$9,056
Danette Lachapelle (Svp Of Communication)	$355,667	$0	$30,955
Kari Stansberry (Svp Of Human Resources)	$291,721	$0	$42,094
Dewayne Ledbetter (Svp/Chief Financial Officer)	$266,924	$0	$9,649
Eric Petracca (Chief Operations Officer)	$231,058	$0	$34,543
Gayle Gustafson (Senior Vp Lending/Clo)	$211,333	$0	$24,851
Jamie Dotson (Mortgage Loan Officer)	$203,883	$0	$12,714
Denis Marsh (Vp Of Insurance Services)	$190,103	$0	$16,098
Dianne Smith (Vp Of Mortgage Services)	$163,020	$0	$15,026
Ali Migaki (Svp Retail Delivery)	$152,632	$0	$12,626
Doug Lehrman (Board Chairman)	$21,125	$0	$0
Joseph Nutting (Board Treasurer)	$17,956	$0	$0
Sharon Eastman (Board Secretary)	$17,956	$0	$0
Evie Grendahl (Board Member)	$16,329	$0	$0
Jim Askey (Board Member)	$14,788	$0	$0
Jil Click (Board Member)	$14,788	$0	$0
Joan Durgin (Board Member)	$14,788	$0	$0
Don Kitterman (Board Member)	$14,788	$0	$0
Steve Porter (Board Member)	$14,788	$0	$0
Jim Church (Board Vice Chairman (Thru 03/20))	$9,220	$0	$0

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990

Filed on Nov. 15, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$68,078,628

Expenses

$53,478,674

Net Income

$14,599,954

Net Assets

$122,113,533

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$64,287,983	94.4%
Investment Income	$3,985,642	5.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$609,050
Net Inventory Sales	$0
Other Revenue	$414,053	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,483,225	4.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,338,064	30.6%

Assets/Debt
Total Assets	$1,218,686,586
Total Liabilities	$1,096,573,053
Net Assets	$122,113,533

Compensation

Key Employees and Officers	Compensation	Related	Other
Kelly Schrader (Ceo & President)	$649,634	$0	$319,690
Michael Booth (Senior Mortgage Loan Officer)	$354,620	$0	$13,300
Dewayne Ledbetter (Svp/Chief Financial Office)	$248,027	$0	$40,665
Melanie Josephson (Mortgage Loan Officer)	$246,695	$0	$8,481
Eric Petracca (Chief Operations Officer)	$217,084	$0	$36,400
Gayle Gustafson (Senior Vp Lending/Clo)	$195,322	$0	$36,154
Denis Marsh (Vp Of Insurance Services)	$187,898	$0	$17,690
Ryan Greenwood (Investment & Retirement Fi)	$180,698	$0	$14,245
Kari Stansberry (Svp Of Human Resources)	$178,054	$0	$57,755
Danette Lachapelle (Svp Of Communication)	$167,475	$0	$38,300
Jonathan Davis (Vp Investment And Retirement)	$157,678	$0	$17,494
Doug Lehrman (Board Chairman)	$18,717	$0	$0
Jim Church (Board Vice Chairman)	$17,000	$0	$0
Sharon Eastman (Board Secretary)	$17,000	$0	$0
Joseph Nutting (Board Treasurer)	$15,717	$0	$0
Jim Askey (Board Member)	$14,000	$0	$0
Jil Click (Board Member)	$14,000	$0	$0
Joan Durgin (Board Member)	$14,000	$0	$0
Evie Grendahl (Board Member)	$14,000	$0	$0
Don Kitterman (Board Member)	$14,000	$0	$0
Steve Porter (Board Member)	$14,000	$0	$0

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990

Filed on Nov. 16, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$61,409,888

Expenses

$44,684,893

Net Income

$16,724,995

Net Assets

$107,584,885

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$59,078,085	96.2%
Investment Income	$2,060,416	3.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$214
Net Inventory Sales	$0
Other Revenue	$271,601	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,469,333	5.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$14,289,249	32.0%

Assets/Debt
Total Assets	$1,105,731,125
Total Liabilities	$998,146,240
Net Assets	$107,584,885

Compensation

Key Employees and Officers	Compensation	Related	Other
Kelly Schrader (Ceo & President)	$573,606	$0	$291,220
Danette Lachapelle (Svp Of Communication)	$363,007	$0	$30,697
Dewayne Ledbetter (Svp/Chief Financial Office)	$316,666	$0	$39,572
Christopher O'malley (Svp/Cio)	$285,495	$0	$8,897
Eric Petracca (Chief Operations Officer)	$238,160	$0	$31,366
Kari Stansberry (Svp Of Human Resources)	$187,204	$0	$36,115
Denis Marsh (Vp Of Insurance Services)	$186,717	$0	$20,192
Gayle Gustafson (Senior Vp Lending/Clo)	$180,424	$0	$12,295
Dianne Smith (Vp Of Mortgage)	$151,453	$0	$15,677
Ed Franks (Vp Of Business Services)	$149,520	$0	$7,553
Ryan Greenwood (Investment & Retirement Financial Advisor)	$147,012	$0	$6,714
Dr James Sork (Board Chairman)	$20,000	$0	$0
Jim Church (Board Vice Chairman)	$17,000	$0	$0
Sharon Eastman (Board Secretary)	$17,000	$0	$0
Doug Lehrman (Board Treasurer)	$17,000	$0	$0
Jim Askey (Board Member)	$14,000	$0	$0
Jil Click (Board Member)	$14,000	$0	$0
Joan Durgin (Board Member)	$14,000	$0	$0
Evie Grendahl (Board Member)	$14,000	$0	$0
Don Kitterman (Board Member)	$14,000	$0	$0
Joseph Nutting (Board Member)	$14,000	$0	$0
Steve Porter (Board Member)	$14,000	$0	$0

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990

Filed on Nov. 16, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$51,969,336

Expenses

$40,230,056

Net Income

$11,739,280

Net Assets

$91,169,690

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$49,316,366	94.9%
Investment Income	$2,304,565	4.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$439,467	0.8%
Net Inventory Sales	$0
Other Revenue	-$91,062

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,058,149	5.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$12,977,211	32.3%

Assets/Debt
Total Assets	$978,757,522
Total Liabilities	$887,587,832
Net Assets	$91,169,690

Compensation

Key Employees and Officers	Compensation	Related	Other
Kelly Schrader (Ceo & President)	$510,256	$0	$291,251
Dewayne Ledbetter (Svp/Chief Financial Officer)	$228,465	$0	$37,874
Christopher O'malley (Former Svp/Cio)	$202,207	$0	$32,751
Eric Petracca (Chief Operations Officer)	$193,261	$0	$27,764
Denis Marsh (Vp Of Insurance Services)	$183,210	$0	$18,894
Michael Booth (Senior Mortgage Loan Officer)	$178,464	$0	$8,661
Kari Stansberry (Svp Of Human Resources)	$170,481	$0	$35,209
Danette Lachapelle (Svp Of Communication)	$157,500	$0	$26,630
Ed Franks (Vp Of Business Services)	$136,583	$0	$7,281
Dianne Smith (Vp Of Mortgage)	$135,330	$0	$10,538
Jonathan Davis (Wealth Management Program Manager)	$134,728	$0	$16,058
Dr James Sork (Board Chairman)	$17,000	$0	$0
Jim Church (Board Vice Chairman)	$14,500	$0	$0
Sharon Eastman (Board Secretary)	$14,500	$0	$0
Doug Lehrman (Board Treasurer)	$14,500	$0	$0
Jim Askey (Board Member)	$12,000	$0	$0
Jim Click (Board Member)	$12,000	$0	$0
Joan Durgin (Board Member)	$12,000	$0	$0
Evie Grendahl (Board Member)	$12,000	$0	$0
Don Kitterman (Board Member)	$12,000	$0	$0
Joseph Nutting (Board Member)	$12,000	$0	$0
Steve Porter (Board Member)	$12,000	$0	$0

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990

Filed on Nov. 14, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$45,242,210

Expenses

$34,214,291

Net Income

$11,027,919

Net Assets

$79,416,494

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$43,705,554	96.6%
Investment Income	$1,791,860	4.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,882	0.0%
Net Inventory Sales	$0
Other Revenue	-$258,086

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,170,681	3.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$12,051,854	35.2%

Assets/Debt
Total Assets	$919,609,475
Total Liabilities	$840,192,981
Net Assets	$79,416,494

Compensation

Key Employees and Officers	Compensation	Related	Other
Roger Michaelis (Former Ceo & President)	$332,729	$0	$4,999
Kelly Schrader (Ceo & President)	$249,262	$0	$250
De Wayne Ledbetter (Cfo/Svp Of Finance)	$204,750	$0	$33,593
Christopher O'malley (Cio/Svp Retail Delivery)	$196,106	$0	$27,760
Denis Marsh (Vp Of Insurance Services)	$177,629	$0	$15,115
Eric Petracca (Svp Of Enterprise Risk Management)	$163,922	$0	$26,351
Jonathan Davis (Wealth Management Manager)	$160,585	$0	$6,806
Danette La Chapelle (Svp Of Communication)	$145,458	$0	$24,414
Kari Stansberry (Svp Of Human Resources)	$145,104	$0	$31,963
Dr James Sork (Board Chairman)	$12,750	$0	$0
Jim Church (Board Vice Chairman)	$10,875	$0	$0
Sharon Eastman (Board Secretary)	$10,875	$0	$0
Doug Lehrman (Board Treasurer)	$10,071	$0	$0
Ed Maxwell (Former Board Treasurer)	$9,804	$0	$0
Jim Askey (Board Member)	$9,000	$0	$0
Jil Click (Board Member)	$9,000	$0	$0
Joan Durgin (Board Member)	$9,000	$0	$0
Evie Grendahl (Board Member)	$9,000	$0	$0
Don Kitterman (Board Member)	$9,000	$0	$0
Joseph Nutting (Board Member)	$9,000	$0	$0
Steve Porter (Board Member)	$9,000	$0	$0
Dave Marshall (Former Board Member)	$3,857	$0	$0

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990

Filed on Nov. 14, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$39,783,577

Expenses

$32,893,813

Net Income

$6,889,764

Net Assets

$69,427,112

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$38,513,539	96.8%
Investment Income	$1,686,917	4.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$1,342
Net Inventory Sales	$0
Other Revenue	-$415,537

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,055,488	3.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$11,673,175	35.5%

Assets/Debt
Total Assets	$821,773,803
Total Liabilities	$752,346,691
Net Assets	$69,427,112

Compensation

Key Employees and Officers	Compensation	Related	Other
Roger Michaelis (Ceo & President)	$607,273	$0	$5,322
De Wayne Ledbetter (Cfo/Svp Of Finance)	$197,003	$0	$37,766
Chris O'malley (Cio/Svp Branch & Support Operations)	$181,297	$0	$26,827
Denis Marsh (Vp Of Insurance Services)	$169,089	$0	$6,427
Martina Valentine (Clo/Svp Of Lending)	$165,585	$0	$3,575
Jonathan Davis (Wealth Management Manager)	$143,152	$0	$6,296
Anthony Humphrey (Vp Of Mortgage Services)	$136,197	$0	$4,568
Danette La Chapelle (Svp Of Communication)	$134,912	$0	$24,970
Dr James Sork (Board Chairman)	$0	$0	$0
Jim Church (Board Vice Chairman)	$0	$0	$0
Sharon Eastman (Board Secretary)	$0	$0	$0
Ed Maxwell (Board Treasurer)	$0	$0	$0
Joan Durgan (Board Member)	$0	$0	$0
Jil Click (Board Member)	$0	$0	$0
Jim Askey (Board Member)	$0	$0	$0
Joseph Nutting (Board Member)	$0	$0	$0
Evie Grendahl (Board Member)	$0	$0	$0
Steve Porter (Board Member)	$0	$0	$0
Dave Marshall (Board Member)	$0	$0	$0
Don Kitterman (Board Member)	$0	$0	$0
Doug Lehrman (Board Member)	$0	$0	$0

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990

Filed on Nov. 14, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$32,376,270

Expenses

$27,109,129

Net Income

$5,267,141

Net Assets

$62,617,884

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$31,399,179	97.0%
Investment Income	$2,068,017	6.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$186,550	0.6%
Net Inventory Sales	$0
Other Revenue	-$1,277,476

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,832,954	6.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$8,881,221	32.8%

Assets/Debt
Total Assets	$746,799,732
Total Liabilities	$684,181,848
Net Assets	$62,617,884

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Roger Michaelis (President/Ceo)	$1,602,187	$0	$22,071
Dewayne Ledbetter (Cfo/Svp Finance)	$173,203	$0	$35,493
Chris O'malley (Svp Branch & Support Operations/Cio)	$151,200	$0	$31,137
Randy Swanson (Financial Investments Manager)	$150,123	$0	$7,561
Denis Marsh (Vp Insurance Services)	$147,627	$0	$25,840
Danette Lachapelle (Svp Communications)	$128,812	$0	$24,623
Jon Davis (Financial Investments Manager)	$128,604	$0	$10,839
Dr James Sork (Board Chairman)	$0	$0	$0
Jim Church (Board Vice Chairman)	$0	$0	$0
Sharon Eastman (Board Secretary)	$0	$0	$0
Ed Maxwell (Board Treasurer)	$0	$0	$0
Joan Durgan (Board Member)	$0	$0	$0
Jil Click (Board Member)	$0	$0	$0
Jim Askey (Board Member)	$0	$0	$0
Joseph Nutting (Board Member)	$0	$0	$0
Evie Grenhahl (Board Member)	$0	$0	$0
Steve Porter (Board Member)	$0	$0	$0
Dave Marshall (Board Member)	$0	$0	$0
Don Kitterman (Board Member)	$0	$0	$0
Doug Lehrman (Board Member)	$0	$0	$0

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990

Filed on Nov. 16, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$26,305,939

Expenses

$21,574,816

Net Income

$4,731,123

Net Assets

$41,304,293

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$24,584,621	93.5%
Investment Income	$1,304,433	5.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$29,980	0.1%
Net Fundraising	$0
Sales of Assets	$507,307	1.9%
Net Inventory Sales	$0
Other Revenue	-$120,402

Notable Expenses		Percent of Total Expenses
Executive Compensation	$549,027	2.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$7,974,655	37.0%

Assets/Debt
Total Assets	$508,467,996
Total Liabilities	$467,163,703
Net Assets	$41,304,293

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Roger Michaelis (President/Ceo)	$362,128	$0	$24,449
Randy Swanson (Financial Investments Manager)	$159,767	$0	$6,731
Ed Turk (Evp/Coo)	$152,407	$0	$33,885
Jon Davis (Financial Investment Staff)	$134,417	$0	$8,752
Chris Anderson (Vp Mortgage Services)	$134,256	$0	$7,462
Dewayne Ledbetter (Cfo/Svp Finance)	$131,799	$0	$30,652
Chris O'malley (Svp Branch & Support Operations/Cio)	$119,461	$0	$26,817
Dr James Sork (Board Chairman)	$0	$0	$0
Doug Lehrman (Board Vice Chairman)	$0	$0	$0
Sharon Eastman (Board Secretary)	$0	$0	$0
Ed Maxwell (Board Treasurer)	$0	$0	$0
Evie Grendahl (Board Member)	$0	$0	$0
Steve Porter (Board Member)	$0	$0	$0
Don Ketterman (Board Member)	$0	$0	$0
Joseph Nutting (Board Member)	$0	$0	$0
Jil Click (Board Member)	$0	$0	$0

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990

Filed on Nov. 17, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$25,765,330

Expenses

$21,046,982

Net Income

$4,718,348

Net Assets

$37,200,810

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$24,208,362	94.0%
Investment Income	$1,492,908	5.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$22,805	0.1%
Net Fundraising	$0
Sales of Assets	$179,897	0.7%
Net Inventory Sales	$0
Other Revenue	-$138,642

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,179,525	5.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,763,073	32.1%

Assets/Debt
Total Assets	$483,777,067
Total Liabilities	$446,576,257
Net Assets	$37,200,810

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$26,039,727

Expenses

$23,161,790

Net Income

$2,877,937

Net Assets

$33,190,703

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$24,450,982	93.9%
Investment Income	$1,473,551	5.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$18,444	0.1%
Net Fundraising	$0
Sales of Assets	$260,501	1.0%
Net Inventory Sales	$0
Other Revenue	-$163,751

Notable Expenses		Percent of Total Expenses
Executive Compensation	$469,931	2.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,858,812	29.6%

Assets/Debt
Total Assets	$451,327,410
Total Liabilities	$418,136,707
Net Assets	$33,190,703

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2004

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated November 21, 2024

Iq Credit Union

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $114M (2023)

Expenses $108M (2023)

Total Assets $2.06B (2023)

Total Liabilities $1.89B (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Revenue

$114M (2023)

Expenses

$108M (2023)

Total Assets

$2.06B (2023)

Total Liabilities

$1.89B (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004