Salal Credit Union

Seattle, WA
Tax-exempt since July 1954
EIN: 91-0593941

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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.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$63.4M (2022)

Expenses

$57.1M (2022)

Total Assets

$1.28B (2022)

Total Liabilities

$1.2B (2022)

Source: Form 990 tax filings from 2011 to 2022

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.
2022

Revenue

$63,361,594

Expenses

$57,114,018

Net Income

$6,247,576

Net Assets

$78,888,307

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$58,120,658	91.7%
Investment Income	$3,566,206	5.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$469,090	0.7%
Net Fundraising	$0
Sales of Assets	$1,326,930	2.1%
Net Inventory Sales	$0
Other Revenue	-$121,290

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,563,513	9.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$17,406,499	30.5%

Assets/Debt
Total Assets	$1,278,954,143
Total Liabilities	$1,200,065,836
Net Assets	$78,888,307

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Russell E Rosendal (President/Ceo)	$1,014,128	$0	$603,951
Robert W Schweigert (Svp Chief Lending Office)	$324,320	$0	$31,794
James A Millsap (Dealer Direct Account Manager)	$322,298	$0	$22,855
Randy William Cloes (Svp Cfo)	$312,544	$0	$40,663
Troy Skott Pope (Svp Chief Digital & Strategy Officer)	$311,289	$0	$19,545
Juliette Andoh (Vp Risk & Compliance (Thru 11/22))	$291,341	$0	$24,714
Judy Loveless Morris (Svp Chief Diversity & People)	$283,948	$0	$20,791
Brett Ballman (Vp Director Of Business Banking)	$223,658	$0	$8,931
Megan Desilva (Dealer Direct Sales Manager)	$221,333	$0	$39,685
Vincent N Punteney (Vp Consumer Lending)	$208,346	$0	$21,109
Kari Stenslie (Vp Controller)	$207,508	$0	$21,027
Christian Grunert (Vp Information Technology)	$187,740	$0	$29,329
Samantha Harbert (Vp Home Lending & Retail Banking)	$185,800	$0	$25,988
Michael C Bishop (Vp Retail)	$177,558	$0	$19,962
Keith Price (Senior Business Intelligence Manager)	$177,153	$0	$16,428
Sylvia Pope (Vp Program Management)	$168,871	$0	$19,568
Matthew W Vance (Vp Marketing & Prod. Development)	$164,831	$0	$34,687
Kevin Knowles (Vp Credit Administration)	$164,643	$0	$37,680
Matthew Heitland (It Strategy & Innovation Sm)	$162,550	$0	$22,899
Andrew Scott Haeg (Vp Operations)	$161,176	$0	$30,979
Eileen Magnusson (Vp Director Human Resources)	$158,485	$0	$26,611
Angela Raham (Senior Manager Of Business Banking)	$146,705	$0	$33,806
Brian Luong (Board Chair)	$0	$0	$0
Alan Lederman (Vice Chair)	$0	$0	$0
Joe Lepla (Secretary)	$0	$0	$0
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990

Filed on Nov. 15, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$53,428,759

Expenses

$44,265,058

Net Income

$9,163,701

Net Assets

$85,917,482

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$52,249,948	97.8%
Investment Income	$1,585,974	3.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$366,506
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	-$40,657

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,430,987	10.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,099,666	36.4%

Assets/Debt
Total Assets	$1,076,834,962
Total Liabilities	$990,917,480
Net Assets	$85,917,482

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Russell Rosendal (President/Ceo)	$999,018	$0	$61,513
Robert Schweigert (Svp Chief Lending Officer)	$310,602	$0	$22,863
Randy Cloes (Svp Cfo)	$302,875	$0	$40,163
Troy Skott Pope (Svp Chief Digital & Strategy Officer)	$301,192	$0	$24,576
Sandora Tiburcio (Senior Mortgage Advisor)	$268,964	$0	$17,989
James Millsap (Dealer Account Manager)	$264,490	$0	$21,971
Megan Desilva (Dealer Direct Sales Manager)	$237,971	$0	$38,334
Jenny Lyn Fernandez Tran (Senior Mortgage Advisor)	$218,522	$0	$38,345
Brett Ballman (Vp Director Of Business Banking)	$210,785	$0	$8,349
Tara Seever (Svp Chief Human Resources Officer)	$209,687	$0	$9,485
Vincent Punteney (Vp Consumer Lending)	$185,921	$0	$20,293
Judy Loveless Morris (Svp Chief Diversity & People)	$184,181	$0	$15,785
Christian Grunert (Vp It)	$179,877	$0	$24,087
Samantha Harbert (Vp Mortgage Lending)	$178,680	$0	$19,030
Juliette Andoh (Vp Risk & Compliance)	$175,688	$0	$21,870
Keith Price (Senior Business Intelligence Manager)	$172,064	$0	$17,310
Eileen Magnusson (Vp Director Of Human Resources)	$171,888	$0	$30,054
Michael Bishop (Vp Retail)	$167,840	$0	$19,488
Kevin Knowles (Vp Credit Administration)	$160,143	$0	$26,559
Matthew Vance (Vp Marketing And Prod. Development)	$156,980	$0	$34,689
Sylvia Pope (Vp Program Management)	$151,452	$0	$18,833
Alan Lederman (Board Vice Chairman)	$0	$0	$0
Sophie Brougham (Board Member)	$0	$0	$0
Nishat Akhter (Board Member)	$0	$0	$0
Joe Lepla (Board Secretary)	$0	$0	$0
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990

Filed on Nov. 14, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$52,975,542

Expenses

$43,765,501

Net Income

$9,210,041

Net Assets

$78,659,662

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$51,937,913	98.0%
Investment Income	$1,509,266	2.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$502,306
Net Fundraising	$0
Sales of Assets	-$7,145
Net Inventory Sales	$0
Other Revenue	$37,814	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,109,036	9.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,108,800	34.5%

Assets/Debt
Total Assets	$992,751,176
Total Liabilities	$914,091,514
Net Assets	$78,659,662

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Russell Rosendal (President/Ceo)	$1,036,954	$0	$439,887
Sandora Tiburcio (Senior Mortgage Advisor)	$458,814	$0	$16,212
Jenny Lyn Fernandez Tran (Senior Mortgage Advisor)	$367,369	$0	$18,061
Robert Schweigert (Svp Chief Lending Officer)	$308,480	$0	$22,850
Randy Cloes (Svp Cfo)	$302,342	$0	$35,180
Troy Skott Pope (Svp Chief Digital & Strategy Officer)	$299,885	$0	$17,742
Tara Seever (Svp Chief Human Resources Officer)	$248,054	$0	$26,589
Brett Ballman (Vp Director Of Business Banking)	$214,881	$0	$26,454
Sylvia See (Senior Business Officer)	$187,367	$0	$25,317
James Millsap (Dealer Account Manager)	$186,460	$0	$19,585
Christian Grunert (Vp It)	$180,835	$0	$22,118
Robert Starkey (Business Banking Sales Manager)	$180,053	$0	$13,331
Vincent Punteney (Vp Consumer Lending)	$178,805	$0	$19,537
Michael Bishop (Vp Retail)	$173,773	$0	$18,200
Eileen Magnusson (Vp Director Of Human Resources)	$172,873	$0	$28,372
Samantha Harbert (Vp Mortgage Lending)	$166,555	$0	$17,080
Annette Murphy (Board Chairman)	$0	$0	$0
Brian Luong (Board Vice Chairman)	$0	$0	$0
Ben Steiner (Board Secretary)	$0	$0	$0
Ali Seals (Board Member)	$0	$0	$0
Dick Woo (Board Member)	$0	$0	$0
Alan Lederman (Board Member)	$0	$0	$0
Joe Lepla (Board Member)	$0	$0	$0
Catherine Bailey (Board Member)	$0	$0	$0
Sophie Brougham (Board Member)	$0	$0	$0
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990

Filed on Oct. 27, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$45,513,964

Expenses

$36,077,128

Net Income

$9,436,836

Net Assets

$67,934,577

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$43,413,476	95.4%
Investment Income	$2,372,133	5.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$369,335
Net Fundraising	$0
Sales of Assets	$108,633	0.2%
Net Inventory Sales	$0
Other Revenue	-$10,943

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,126,452	8.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$11,181,114	31.0%

Assets/Debt
Total Assets	$737,187,544
Total Liabilities	$669,252,967
Net Assets	$67,934,577

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Russell Rosendal (President/Ceo)	$511,951	$0	$242,168
Robert Schweigert (Svp Chief Lending Officer)	$274,357	$0	$20,335
Randy Cloes (Svp Chief Financial Officer)	$272,166	$0	$35,535
Sandora Tiburcio (Sr. Mortgage Loan Advisor)	$270,804	$0	$15,708
Troy Skott Pope (Svp Chief Retail Banking Officer)	$264,600	$0	$21,262
Tara Seever (Svp Chief Human Resources Officer)	$211,975	$0	$76,631
Brett Ballman (Vice President Internal Audit)	$196,457	$0	$18,278
James Millsap (Dealer Account Manager)	$175,802	$0	$18,195
Sylvia See (Senior Business Officer)	$165,888	$0	$28,417
Vincent Punteney (Vice President Consumer Lending)	$159,436	$0	$20,993
Christian Grunert (Vice President It)	$156,498	$0	$16,022
Michael Bishop (Vice President Branch Experience)	$156,052	$0	$16,767
Geraldine Bullard (Vice President Controller)	$155,030	$0	$13,429
Joan Geraghty (Vice President Program Management)	$149,909	$0	$18,417
Matthew Heitland (It Strategy & Innovation Senior Mngr)	$138,234	$0	$19,853
Carmella Murphy Through 919 (Vice President Business Services)	$138,086	$0	$11,549
Joe Lepla (Board Chairman)	$0	$0	$0
Annette Murphy (Board Vice Chairman)	$0	$0	$0
Brian Luong (Board Secretary (From 6/19))	$0	$0	$0
Jamie Lee (Board Secretary (Through 3/19))	$0	$0	$0
Ali Seals (Board Member)	$0	$0	$0
Dick Woo (Board Member)	$0	$0	$0
Alan Lederman (Board Member)	$0	$0	$0
Ben Steiner (Board Member)	$0	$0	$0
Catherine Bailey (Board Member)	$0	$0	$0
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990

Filed on Nov. 16, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$34,926,129

Expenses

$30,673,939

Net Income

$4,252,190

Net Assets

$58,388,130

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$32,532,642	93.1%
Investment Income	$2,166,422	6.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$203,203	0.6%
Net Fundraising	$0
Sales of Assets	$9,926	0.0%
Net Inventory Sales	$0
Other Revenue	$13,936	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,511,734	8.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$9,601,407	31.3%

Assets/Debt
Total Assets	$656,178,772
Total Liabilities	$597,790,642
Net Assets	$58,388,130

Compensation

Key Employees and Officers	Compensation	Related	Other
Russell Rosendal (President/Ceo)	$464,840	$0	$192,181
Randy Cloes (Svp Cfo)	$253,951	$0	$19,390
Bob Schweigert (Svp Chief Lending Officer)	$253,503	$0	$19,067
Troy Skott Pope (Svp Chief Retail Officer)	$239,366	$0	$15,290
Tara Seever (Svp Chief Human Resources Officer)	$195,266	$0	$16,123
Sheryl Kirchmeier (Svp Chief Marketing Officer)	$176,823	$0	$7,159
Carmella Murphy Houston (Vice President Business Services)	$159,939	$0	$14,987
Brett Ballman (Vice President Internal Audit)	$158,848	$0	$6,150
Sandora Tiburcio (Sr. Mortgage Loan Advisor)	$158,074	$0	$12,420
Joan Geraghty (Vice President Program Management)	$149,379	$0	$10,867
Christian Grunert (Vice President It)	$144,579	$0	$13,393
Michael Bishop (Vice President Branch Experience)	$143,761	$0	$14,376
Lisa Madland (Vice President Operations)	$143,501	$0	$14,335
James Millsap (Dealer Account Manager)	$138,302	$0	$17,578
Geoffrey Swarts (Svp Risk Officer (Through 2/18))	$134,464	$0	$13,894
Joe Lepla (Board Chairman)	$0	$0	$0
Annette Murphy (Board Vice Chairman)	$0	$0	$0
Jamie Lee (Board Secretary)	$0	$0	$0
Sharon Dooley (Board Member (Through 3/18))	$0	$0	$0
Chris Grant (Board Member)	$0	$0	$0
Alan Lederman (Board Member)	$0	$0	$0
Brian Luong (Board Member)	$0	$0	$0
Dick Woo (Board Member)	$0	$0	$0
Ali Seals (Board Member)	$0	$0	$0
Ben Steiner (Board Member)	$0	$0	$0

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990

Filed on Nov. 15, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$35,930,014

Expenses

$24,910,783

Net Income

$11,019,231

Net Assets

$54,263,663

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$27,143,456	75.5%
Investment Income	$1,411,620	3.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$160,579	0.4%
Net Fundraising	$0
Sales of Assets	$7,169,505	20.0%
Net Inventory Sales	$0
Other Revenue	$44,854	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,886,265	7.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$8,584,592	34.5%

Assets/Debt
Total Assets	$536,665,059
Total Liabilities	$482,401,396
Net Assets	$54,263,663

Compensation

Key Employees and Officers	Compensation	Related	Other
Russell Rosendal (President/Ceo)	$412,988	$0	$196,472
Bob Schweigert (Svp Chief Lending Officer)	$233,743	$0	$16,766
Troy Skott Pope (Svp Retail Financial Services)	$214,880	$0	$13,468
Sheryl Kirchmeier (Svp Chief Marketing Officer)	$204,529	$0	$8,574
Randy Cloes (Svp Cfo)	$195,370	$0	$15,530
Geoffrey Swarts (Svp Chief Info & Risk Officer)	$193,679	$0	$13,683
Carmella Murphy Houston (Vice President Business Services)	$157,947	$0	$13,303
Tara Seever (Svp Chief Human Resources Officer)	$155,546	$0	$11,038
Michael Bishop (Vice President Branch Experience)	$142,215	$0	$12,617
Joan Geraghty (Vice President Program Management)	$139,277	$0	$8,271
Samantha Carl (Senior Manager Mortgage Lending)	$129,424	$0	$9,381
Michelle Purnell Hepburn (Vice President Controller)	$122,751	$0	$9,076
Joe Lapla (Board Chairman)	$0	$0	$0
Annette Murphy (Board Vice Chairman)	$0	$0	$0
Jamie Lee (Board Secretary)	$0	$0	$0
Sharon Dooley (Board Member)	$0	$0	$0
Chris Grant (Board Member)	$0	$0	$0
Alan Lederman (Board Member)	$0	$0	$0
Brian Luong (Board Member)	$0	$0	$0
Dick Woo (Board Member)	$0	$0	$0
Laura Mcmillan (Associate Board Member)	$0	$0	$0

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990

Filed on Oct. 25, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$26,017,785

Expenses

$21,994,794

Net Income

$4,022,991

Net Assets

$43,179,172

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$24,663,685	94.8%
Investment Income	$1,164,417	4.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$151,855	0.6%
Net Fundraising	$0
Sales of Assets	$9,901	0.0%
Net Inventory Sales	$0
Other Revenue	$27,927	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,586,901	7.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$7,808,464	35.5%

Assets/Debt
Total Assets	$495,210,042
Total Liabilities	$452,030,870
Net Assets	$43,179,172

Compensation

Key Employees and Officers	Compensation	Related	Other
Russell Rosendal (President/Ceo)	$404,339	$0	$249,962
Debbie Delisle (Sr. Mortgage Loan Officer)	$363,769	$0	$11,189
William Van Nostran (Sr. Mortgage Loan Officer)	$323,142	$0	$12,897
Robert Schweigert (Svp Chief Lending Officer)	$210,942	$0	$15,569
Troy Skott Pope (Svp Retail Financial Services)	$204,934	$0	$12,123
Geoffrey Swarts (Svp Chief Information & Risk Officer)	$198,179	$0	$15,472
Sheryl Kirchmeier (Svp Chief Marketing Officer)	$196,239	$0	$7,786
Carmella Houston (Vp Business Services)	$150,841	$0	$13,211
Michael Bishop (Vp Branch Experience)	$141,248	$0	$12,835
Tara Seever (Vp Human Resources Admin)	$135,226	$0	$12,256
Randy Cloes (Senior Vice President Cfo)	$42,613	$0	$0
Craig Wheaton (Svp Cfo (Through 9/16))	$27,416	$0	$1,326
Dick Woo (Board Chairman)	$0	$0	$0
Joe Le Pla (Board Vice Chair)	$0	$0	$0
Lisa Johnson (Board Secretary)	$0	$0	$0
Laura Mc Millan (Board Member)	$0	$0	$0
Sharon Dooley (Board Member)	$0	$0	$0
Jamie Lee (Board Member)	$0	$0	$0
Annette Murphy (Board Mem Ber)	$0	$0	$0
Alan Lederman (Board Member)	$0	$0	$0
Brian Luong (Board Member)	$0	$0	$0
Helen Harte (Board Member (Through 10/16))	$0	$0	$0

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990

Filed on Oct. 4, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$25,633,125

Expenses

$20,386,744

Net Income

$5,246,381

Net Assets

$39,073,698

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$21,726,820	84.8%
Investment Income	$1,047,911	4.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,805,216	10.9%
Net Inventory Sales	$0
Other Revenue	$53,178	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,183,154	5.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,728,929	33.0%

Assets/Debt
Total Assets	$433,959,684
Total Liabilities	$394,885,986
Net Assets	$39,073,698

Compensation

Key Employees and Officers	Compensation	Related	Other
Russell E Rosendal (President/Ceo)	$345,041	$0	$242,554
Willam Van Nostran (Senior Mortgage Loan Officer)	$249,574	$0	$15,587
Robert W Schweigert (Svp Chief Lending Officer)	$182,314	$0	$21,334
Troy Skott Pope (Svp Retail Financial Services)	$175,108	$0	$18,756
Geoffrey T Swarts (Cfo (1/15 3/15), Svp Cio)	$173,626	$0	$24,421
Sheryl A Kirchmeier (Svp Chief Marketing Officer)	$172,534	$0	$13,107
Carmella M Houston (Vp Business Services)	$135,687	$0	$17,685
Debbie De Lisle (Senior Mortgage Loan Officer)	$133,081	$0	$11,013
Michael Bishop (Vice President Branch Experience)	$121,921	$0	$10,817
Dick Woo (Board Chairman)	$0	$0	$0
Laura Mc Millian (Board Vice Chair)	$0	$0	$0
Lisa Johnson (Board Secretary)	$0	$0	$0
Sharon Dooley (Board Member)	$0	$0	$0
Jamie Lee (Board Member)	$0	$0	$0
Annette Murphy (Board Mem Ber)	$0	$0	$0
Joe Le Pla (Board Member)	$0	$0	$0
Helen Harte (Board Member)	$0	$0	$0
Dennis Hightower (Board Member)	$0	$0	$0
Alan Lederman (Board Member)	$0	$0	$0

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990

Filed on Nov. 11, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$19,800,009

Expenses

$18,499,274

Net Income

$1,300,735

Net Assets

$34,488,413

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$18,537,421	93.6%
Investment Income	$1,170,882	5.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$71,999	0.4%
Net Inventory Sales	$0
Other Revenue	$19,707	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$893,481	4.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,891,677	31.8%

Assets/Debt
Total Assets	$377,673,961
Total Liabilities	$343,185,548
Net Assets	$34,488,413

Compensation

Key Employees and Officers	Compensation	Related	Other
Russell E Rosendal (President/Ceo)	$281,201	$0	$81,490
Carol E Belland (Evp Coo (1/14 9/14), Branch Project Mngr)	$171,866	$0	$11,611
Robert W Schweigert (Svp Chief Lending Officer)	$161,599	$0	$11,871
Troy Skott Pope (Svp Retail Financial Servi)	$159,297	$0	$11,813
Geoffrey T Swarts (Svp Chief Financial Office)	$158,357	$0	$15,484
Sheryl A Kirchmeier (Svp Chief Marketing Office)	$157,938	$0	$4,725
Carmella M Houston (Vp Business Services)	$123,179	$0	$11,975
Debbie Delisle (Senior Mortgage Loan Officer)	$120,522	$0	$8,793
Jennifer Evans Thompson (Vp Lending)	$108,640	$0	$10,284
Dick Woo (Board Chairman)	$0	$0	$0
Laura Mcmillian (Board Vice Chair)	$0	$0	$0
Lisa Johnson (Board Secretary)	$0	$0	$0
Sharon Dooley (Board Member)	$0	$0	$0
Jamie Lee (Board Member)	$0	$0	$0
Annette Murphy (Board Member)	$0	$0	$0
Joel Lepla (Board Member)	$0	$0	$0
Helen Harte (Board Member)	$0	$0	$0
Dennis Hightower (Board Member)	$0	$0	$0

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990

Filed on May 15, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$18,163,869

Expenses

$17,727,276

Net Income

$436,593

Net Assets

$32,341,054

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$16,857,697	92.8%
Investment Income	$1,238,883	6.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$7,790	0.0%
Net Fundraising	$0
Sales of Assets	$59,499	0.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,329,423	7.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,049,231	28.5%

Assets/Debt
Total Assets	$364,010,055
Total Liabilities	$331,669,001
Net Assets	$32,341,054

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Russell E Rosendal (President/Ceo)	$320,010	$0	$125,264
Carol E Belland (Evp Chief Operations Officer)	$196,673	$0	$13,805
Robert W Schweigert (Svp Chief Lending Officer)	$174,197	$0	$12,742
Sheryl A Kirchmeier (Svp Chief Marketing Officer)	$163,915	$0	$4,681
Troy Skott Pope (Svp Retail Financial Services)	$148,644	$0	$8,020
Geoffrey T Swarts (Svp Chief Financial Officer)	$146,906	$0	$14,566
Carmella M Houston (Vp Business Services)	$123,070	$0	$15,163
Owen L Williams (Sr Mortgage Loan Officer)	$111,046	$0	$9,576
Tara S Seever (Vp Human Resources)	$105,826	$0	$10,905
Alan Lederman (Board Chairman)	$0	$0	$0
Laura Mcmillan (Board Secretary)	$0	$0	$0
Dennis Hightower (Board Member)	$0	$0	$0
Helen Harte (Board Member)	$0	$0	$0
Sharon Dooley (Board Member)	$0	$0	$0
Jamie Lee (Board Member)	$0	$0	$0
Lisa Johnson (Board Member)	$0	$0	$0
Annette Murphy (Board Member)	$0	$0	$0

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990

Filed on May 14, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$19,203,250

Expenses

$16,925,654

Net Income

$2,277,596

Net Assets

$33,905,749

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$17,604,156	91.7%
Investment Income	$1,477,491	7.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$2,471
Net Fundraising	$0
Sales of Assets	$124,074	0.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$561,730	3.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$356,857,145
Total Liabilities	$322,951,396
Net Assets	$33,905,749

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$18,627,282

Expenses

$17,113,154

Net Income

$1,514,128

Net Assets

$31,580,352

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$16,952,973	91.0%
Investment Income	$1,685,845	9.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$9,211
Net Fundraising	$0
Sales of Assets	-$2,325
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$622,737	3.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,401,104	25.7%

Assets/Debt
Total Assets	$345,576,575
Total Liabilities	$313,996,223
Net Assets	$31,580,352

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 October 30, 2024

Salal Credit Union

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $63.4M (2022)

Expenses $57.1M (2022)

Total Assets $1.28B (2022)

Total Liabilities $1.2B (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

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

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

Document Links

990

Revenue

$63.4M (2022)

Expenses

$57.1M (2022)

Total Assets

$1.28B (2022)

Total Liabilities

$1.2B (2022)

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