Whatcom Educational Credit Union

Bellingham, WA
Tax-exempt since July 1954
EIN: 91-0712539

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Type of Nonprofit

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

Category: Public, Society Benefit — Multipurpose and Other / Credit Unions (NTEE)

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 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

$138M (2023)

Expenses

$119M (2023)

Total Assets

$2.77B (2023)

Total Liabilities

$2.43B (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

$138,092,209

Expenses

$119,310,663

Net Income

$18,781,546

Net Assets

$335,978,263

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$112,494,139	81.5%
Investment Income	$25,372,141	18.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$672,262
Net Fundraising	$0
Sales of Assets	-$2,492
Net Inventory Sales	$0
Other Revenue	$900,683	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,440,252	3.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$30,800,944	25.8%

Assets/Debt
Total Assets	$2,766,280,343
Total Liabilities	$2,430,302,080
Net Assets	$335,978,263

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jennifer Kutcher (President & Ceo)	$836,637	$0	$108,430
Jack Ingram (Chief Information Officer)	$427,450	$0	$103,588
Jeffrey Dykstra (Executive Vice President)	$420,899	$0	$96,115
Nicholas Hodson (Chief Financial Officer)	$350,972	$0	$89,438
Cynthia Chase Klein (Chief Human Resources Officer)	$315,903	$0	$92,404
Matthew Henry Berendsen (Vice President, Lending)	$284,544	$0	$61,256
Erynne Maria Hallock (Vice President, Retail Delivery)	$278,862	$0	$75,023
Kent Bouma (Vice President, Business Banking)	$272,883	$0	$58,406
David Pierce Jones (Chief Marketing Officer)	$260,938	$0	$68,399
Grant David Dykstra (Business Banking Senior Loan Officer/Manager)	$251,942	$0	$69,147
Glen Berry (Director, Business Intelligence)	$197,499	$0	$72,690
Bolortsetseg Smith (Vice President, Risk Management)	$196,149	$0	$41,956
David Leroy Dodge (Director, It Infrastructure)	$193,097	$0	$61,054
Donavon Lee Swinney (Director, Information Security)	$192,842	$0	$61,792
Dustin Wilder (Business Banking Loan Officer Iii)	$184,983	$0	$51,237
Carol Lager (Director)	$3,102	$0	$0
Dale Zender (Secretary)	$1,564	$0	$0
Ashok Khanna (Director)	$1,452	$0	$0
Kurt Willis (Director)	$1,272	$0	$0
Kristi Lewis Tyran (Chair)	$0	$0	$0
Gabriel Mast (Vice Chair)	$0	$0	$0
David Waschke (Director)	$0	$0	$0
Margo Hammond (Director)	$0	$0	$0
Stephanie Morrell (Director)	$0	$0	$0
Harte Bressler (Director (Thru 10/23/23))	$0	$0	$0
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990

Filed on May 9, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$98,737,059

Expenses

$68,523,716

Net Income

$30,213,343

Net Assets

$316,888,608

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$87,021,794	88.1%
Investment Income	$10,688,220	10.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$18,000	0.0%
Net Fundraising	$0
Sales of Assets	$143	0.0%
Net Inventory Sales	$0
Other Revenue	$1,008,902	1.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,037,886	5.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$25,801,507	37.7%

Assets/Debt
Total Assets	$2,507,427,609
Total Liabilities	$2,190,539,001
Net Assets	$316,888,608

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jennifer E Kutcher (President/Ceo/Treasurer)	$750,217	$0	$101,144
Jeffrey R Dykstra (Executive Vice President)	$392,577	$0	$88,886
Jack Ingram (Chief Information Officer)	$379,831	$0	$95,059
Nicholas A Hodson (Chief Financial Officer)	$313,218	$0	$80,990
Cynthia Chase Klein (Chief Human Resources Officer)	$289,640	$0	$87,593
Erynne Maria Hallock (Vp, Retail Delivery)	$258,969	$0	$70,344
David Pierce Jones (Chief Marketing Officer)	$249,859	$0	$62,602
Matthew Henry Berendsen (Vp, Lending)	$237,358	$0	$52,943
Kent D Bouma (Vp, Business Banking)	$235,584	$0	$53,189
Bolortsetseg C Smith (Vp, Risk Management & Internal Audit)	$198,965	$0	$38,921
David Dodge (Director, It Infrastructure)	$177,844	$0	$62,464
Glen R Berry (Director, Business Intelligence)	$176,368	$0	$67,555
Grant Dykstra (Business Banking Senior Loan Officer)	$173,429	$0	$55,362
Michael Peter Yeend (Credit Administrator)	$173,318	$0	$43,639
Andrew Whaley (Director, Enterprise Applications)	$169,460	$0	$62,723
Kristi Lewis Tyran (Chair)	$0	$0	$0
Gabriel Mast (Vice Chair)	$0	$0	$0
Dale Zender (Secretary)	$0	$0	$0
Harte Bressler (Director)	$0	$0	$0
David Waschke (Director)	$0	$0	$0
Carol Lager (Director)	$0	$0	$0
Ashok Khanna (Director)	$0	$0	$0
Cathie Oberg (Director)	$0	$0	$0
Margo Hammond (Director)	$0	$0	$0

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990

Filed on May 11, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$85,746,120

Expenses

$64,051,386

Net Income

$21,694,734

Net Assets

$295,279,348

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$82,560,332	96.3%
Investment Income	$1,649,339	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$18,000	0.0%
Net Fundraising	$0
Sales of Assets	$468,390	0.5%
Net Inventory Sales	$0
Other Revenue	$1,050,059	1.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,794,377	5.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$25,112,566	39.2%

Assets/Debt
Total Assets	$2,491,858,278
Total Liabilities	$2,196,578,930
Net Assets	$295,279,348

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jennifer E Kutcher (President/Ceo/Treasurer)	$711,876	$0	$95,630
Jeffrey R Dykstra (Executive Vice President)	$365,437	$0	$83,474
Jack Ingram (Chief Information Officer)	$345,261	$0	$86,986
Nicholas A Hodson (Chief Financial Officer)	$302,106	$0	$73,475
Cynthia Chase Klein (Chief Human Resources Officer)	$285,135	$0	$79,095
Erynne Maria Hallock (Vp, Retail Delivery)	$254,795	$0	$65,311
Kent D Bouma (Vp, Business Banking)	$231,744	$0	$47,598
David Pierce Jones (Chief Marketing Officer)	$230,497	$0	$58,482
Matthew Henry Berendsen (Vp, Lending)	$218,263	$0	$46,886
David Dodge (Director, It Infrastructure)	$180,112	$0	$60,150
Smith Bolortsetseg C (Vice President, Risk Management)	$178,869	$0	$32,545
Grant Dykstra (Business Banking Senior Loan Officer)	$173,080	$0	$54,283
Glen R Berry (Director, Business Intelligence)	$166,360	$0	$59,808
Andrew Whaley (Director, Enterprise Applications)	$166,209	$0	$58,446
Aaron Heath Whitson (Credit Administrator)	$161,785	$0	$70,179
Gabriel Mast (Secretary)	$915	$0	$0
Harte Bressler (Chair)	$0	$0	$0
Kristi Lewis Tyran (Vice Chair)	$0	$0	$0
David Waschke (Director)	$0	$0	$0
Carol Lager (Director)	$0	$0	$0
Ashok Khanna (Director)	$0	$0	$0
Cathie Oberg (Director)	$0	$0	$0
Margo Hammond (Director)	$0	$0	$0
Dale Zender (Director)	$0	$0	$0

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990

Filed on May 12, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$85,917,838

Expenses

$71,003,755

Net Income

$14,914,083

Net Assets

$273,972,908

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$82,593,135	96.1%
Investment Income	$1,682,302	2.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$39,840	0.0%
Net Fundraising	$0
Sales of Assets	-$5,065
Net Inventory Sales	$0
Other Revenue	$1,607,626	1.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,207,445	4.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$24,993,820	35.2%

Assets/Debt
Total Assets	$2,136,316,633
Total Liabilities	$1,862,343,725
Net Assets	$273,972,908

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jennifer E Kutcher (President/Ceo/Treasurer)	$697,277	$0	$74,621
Jeffrey R Dykstra (Executive Vice President)	$340,988	$0	$61,251
Jack Ingram (Chief Information Officer)	$320,375	$0	$57,738
Nicholas A Hodson (Chief Financial Officer)	$278,898	$0	$53,324
Cynthia Chase Klein (Chief Human Resources Officer)	$256,701	$0	$52,490
Erynne Maria Hallock (Vp, Retail Delivery)	$224,385	$0	$49,304
David Pierce Jones (Chief Marketing Officer)	$223,144	$0	$32,319
Kent D Bouma (Vp, Business Banking)	$195,500	$0	$46,715
Matthew Henry Berendsen (Vp, Lending)	$194,332	$0	$46,130
Michael Peter Yeend (Credit Analysis Team Leader)	$184,095	$0	$36,334
Grant Dykstra (Business Banking Senior Loan Officer)	$174,662	$0	$42,868
David Dodge (Director, It Infrastructure)	$173,504	$0	$32,444
Aaron Heath Whitson (Credit Administrator)	$164,493	$0	$41,407
Andrew Whaley (Director, Enterprise Applications)	$158,735	$0	$41,572
David Waschke (Secretary)	$1,289	$0	$0
Gabriel Mast (Director)	$663	$0	$0
Harte Bressler (Chair)	$0	$0	$0
Kristi Lewis Tyran (Vice Chair)	$0	$0	$0
Carol Lager (Director)	$0	$0	$0
Ashok Khanna (Director)	$0	$0	$0
Cathie Oberg (Director)	$0	$0	$0
Margo Hammond (Director)	$0	$0	$0
Dale Zender (Director)	$0	$0	$0

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990

Filed on May 17, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$86,913,366

Expenses

$72,182,050

Net Income

$14,731,316

Net Assets

$259,058,825

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$83,190,686	95.7%
Investment Income	$2,940,276	3.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$45,000	0.1%
Net Fundraising	$0
Sales of Assets	-$32,282
Net Inventory Sales	$0
Other Revenue	$769,686	0.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,223,778	4.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$21,562,027	29.9%

Assets/Debt
Total Assets	$1,712,782,397
Total Liabilities	$1,453,723,572
Net Assets	$259,058,825

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jennifer E Kutcher (President/Ceo/Treasurer)	$620,438	$0	$74,602
Jeffrey R Dykstra (Evp)	$406,860	$0	$61,832
Jack Ingram (Chief Information Officer)	$299,148	$0	$56,226
Cynthia Chase Klein (Chief Human Resources Officer)	$260,884	$0	$53,054
Nicholas A Hodson (Chief Financial Officer)	$253,939	$0	$53,888
Matthew Henry Berendsen (Vp, Lending)	$232,462	$0	$46,694
Erynne Maria Hallock (Vp, Retail Delivery)	$229,518	$0	$49,868
Kent D Bouma (Vp, Business Banking)	$220,616	$0	$47,279
David Pierce Jones (Chief Marketing Officer)	$215,921	$0	$32,502
Grant Dykstra (Banking Senior Loan Officer)	$176,102	$0	$43,432
Michael Peter Yeend (Credit Analysis Team Leader)	$173,545	$0	$36,716
David Dodge (Director, It Infrastructure)	$161,578	$0	$32,732
Aaron Heath Whitson (Banking Credit Administrator)	$160,275	$0	$33,445
Timothy A Cook (Senior Systems Administrator)	$159,440	$0	$22,061
Gabriel Mast (Director)	$1,655	$0	$0
David Waschke (Director)	$1,481	$0	$0
Ashok Khanna (Director)	$1,426	$0	$0
Bruce Burpee (Director (Resigned 2019))	$1,188	$0	$0
Dale Zender (Director)	$1,150	$0	$0
Carol Lager (Chair)	$1,145	$0	$0
Harte Bressler (Vice Chair)	$0	$0	$0
Kristi Lewis Tyran (Secretary)	$0	$0	$0
Cathie Oberg (Director)	$0	$0	$0
Margo Hammond (Director)	$0	$0	$0

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990

Filed on Nov. 12, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$81,002,988

Expenses

$67,030,910

Net Income

$13,972,078

Net Assets

$244,327,509

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$75,315,415	93.0%
Investment Income	$2,582,369	3.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$43,690	0.1%
Net Fundraising	$0
Sales of Assets	$1,119,233	1.4%
Net Inventory Sales	$0
Other Revenue	$1,942,281	2.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,817,891	4.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$20,488,807	30.6%

Assets/Debt
Total Assets	$1,608,031,120
Total Liabilities	$1,363,703,611
Net Assets	$244,327,509

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jennifer E Kutcher (President/Ceo/Treasurer)	$568,056	$0	$75,382
Jeffrey R Dykstra (Evp)	$283,066	$0	$59,998
Jack Ingram (Chief Information Officer)	$241,148	$0	$28,298
Cynthia Chase Klein (Chief Human Resources Officer)	$227,836	$0	$52,850
Brandon James Hahnel (Vp, Finance (Left 11/18))	$213,680	$0	$43,205
Erynne Maria Hallock (Vp, Retail Delivery)	$198,585	$0	$28,298
David Pierce Jones (Chief Marketing Officer)	$196,480	$0	$9,001
Matthew Henry Berendsen (Vp, Lending)	$176,808	$0	$45,795
Kent D Bouma (Vp, Business Banking)	$175,400	$0	$47,617
Michael Peter Yeend (Credit Analysis Team Leader)	$161,443	$0	$46,284
Patti A Moser (Senior Vendor Relationship Manager)	$159,340	$0	$29,001
Janet Marie Mcgary (Director Of Retail Operations)	$152,091	$0	$32,926
Aaron Heath Whitson (Business Banking Credit Administrator)	$149,868	$0	$33,579
Grant Dykstra (Business Banking Senior Loan Officer)	$134,449	$0	$44,185
Nicholas A Hodson (Chief Financial Officer)	$88,686	$0	$7,133
Lesley Fox (Cfo (Left 1/18))	$42,518	$0	$764
Carol Lager (Chair)	$2,822	$0	$0
David Waschke (Director)	$1,879	$0	$0
Ashok Khanna (Director)	$1,344	$0	$0
Bruce Burpee (Director)	$1,240	$0	$0
Harte Bressler (Vice Chair)	$0	$0	$0
Kristi Lewis Tyran (Secretary)	$0	$0	$0
Cathie Oberg (Director)	$0	$0	$0
Margo Hammond (Director)	$0	$0	$0
Dale Zender (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$70,172,399

Expenses

$51,547,262

Net Income

$18,625,137

Net Assets

$230,803,397

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$66,366,378	94.6%
Investment Income	$2,726,260	3.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$45,500	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,034,261	1.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,146,065	4.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$17,092,163	33.2%

Assets/Debt
Total Assets	$1,482,247,013
Total Liabilities	$1,251,443,616
Net Assets	$230,803,397

Compensation

Key Employees and Officers	Compensation	Related	Other
Jennifer Kutcher (President/Ceo/Treasurer)	$656,586	$0	$70,048
Jeff Dykstra (Evp/Clo)	$389,103	$0	$47,830
Colin Naylor (Vp/Cio (Left 3/17))	$319,174	$0	$32,253
Cindy Klein (Chief Hr Officer)	$217,787	$0	$18,680
Lesley Fox (Chief Financial Officer)	$198,212	$0	$6,634
Erynne Hallock (Vp/Retail Delivery)	$176,705	$0	$18,680
David Jones (Chief Marketing Officer)	$172,202	$0	$8,846
Kent Bouma (Vp, Business Banking)	$169,884	$0	$36,793
Mike Yeend (Mbl Team Leader)	$157,962	$0	$27,505
Matthew Berendsen (Vp/Lending)	$153,856	$0	$33,265
Brandon Hahnel (Vp/Finance)	$152,300	$0	$35,800
Robert Langei (Former Evp/Coo)	$125,000	$0	$0
David Waschke (Director)	$4,015	$0	$0
Ashok Khanna (Director)	$1,573	$0	$0
Carol Lager (Vice Chair)	$1,431	$0	$0
Phil Isle (Director (Left 6/17))	$935	$0	$0
Bruce Burpee (Director)	$756	$0	$0
Dale Zender (Chair)	$0	$0	$0
Kristi Lewis Tyran (Secretary)	$0	$0	$0
Cathie Oberg (Director)	$0	$0	$0
Harte Bressler (Director)	$0	$0	$0
Margo Hammond (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$62,872,274

Expenses

$47,429,375

Net Income

$15,442,899

Net Assets

$211,432,553

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$60,133,708	95.6%
Investment Income	$2,737,742	4.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$800	0.0%
Net Inventory Sales	$0
Other Revenue	$24	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,204,391	6.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$14,622,689	30.8%

Assets/Debt
Total Assets	$1,367,927,360
Total Liabilities	$1,156,494,807
Net Assets	$211,432,553

Compensation

Key Employees and Officers	Compensation	Related	Other
Jennifer Kutcher (President/Ceo)	$593,502	$0	$58,910
Robert Langei Former (Evp/Coo)	$439,436	$0	$2,037
Jeff Dykstra (Evp/Clo)	$369,631	$0	$45,938
Cindy Klein (Chro)	$206,706	$0	$16,788
Colin Naylor (Vp/Cio)	$187,559	$0	$38,144
Kent Bouma (Vp, Business Services)	$158,776	$0	$34,901
Mike Yeend (Mbl Team Lead)	$155,587	$0	$25,613
Lisa Langei (Director Of Payments)	$155,020	$0	$33,069
Brandon Hahnel (Vp/Finance)	$150,428	$0	$33,890
Aaron Whitson (Credit Administrator)	$140,349	$0	$27,545
Matthew Berendsen (Vp, Real Estate)	$127,358	$0	$31,373
Grant Dykstra (Business Loan Officer)	$122,494	$0	$31,003
Phil Isle (Director)	$5,448	$0	$0
Harte Bressler (Director)	$2,989	$0	$0
Carol Lager (Director)	$2,660	$0	$0
Bruce Burpee (Director)	$1,639	$0	$0
Ashok Khanna (Director)	$1,482	$0	$0
Kurt Willis (Supervisory Committee)	$1,065	$0	$0
David Waschke (Director)	$1,025	$0	$0
Shonda Shipman (Supervisory Committee)	$1,022	$0	$0
Dale Zender (Director)	$1,005	$0	$0
Cathie Oberg (Director)	$0	$0	$0
Kristi Lewis Tyran (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$54,990,783

Expenses

$41,471,469

Net Income

$13,519,314

Net Assets

$195,709,535

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$53,127,267	96.6%
Investment Income	$1,739,789	3.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$10,838	0.0%
Net Inventory Sales	$0
Other Revenue	$112,889	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,299,383	8.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$11,731,736	28.3%

Assets/Debt
Total Assets	$1,225,832,214
Total Liabilities	$1,030,122,679
Net Assets	$195,709,535

Compensation

Key Employees and Officers	Compensation	Related	Other
Wayne Langei (President/Ceo Former)	$996,289	$0	$1,001
Jennifer Kutcher (President/Ceo)	$495,084	$0	$57,974
Kathleen Gavin (Svp)	$277,765	$0	$37,158
Robert Langei (Evp/Coo)	$233,302	$0	$33,248
Jeff Dykstra (Evp/Clo)	$230,912	$0	$41,564
Colin Naylor (Vp/Cio)	$172,640	$0	$34,873
Lisa Langei (Vp, Marketing)	$163,168	$0	$29,283
Kent Bouma (Vp, Business Services)	$143,470	$0	$31,744
Aaron Whitson (Credit Administrator)	$134,205	$0	$30,634
Matthew Berendsen (Vp, Real Estate)	$118,606	$0	$28,936
Dale Zender (Director)	$2,981	$0	$0
Ashok Khanna (Director)	$2,177	$0	$0
David Waschke (Director)	$1,314	$0	$0
Kurt Willis (Supervisory Committee)	$1,055	$0	$0
Phil Isle (Director)	$0	$0	$0
Bruce Burpee (Director)	$0	$0	$0
Cathie Oberg (Director)	$0	$0	$0
Kristi Lewis Tyran (Director)	$0	$0	$0
Carol Lager (Director)	$0	$0	$0
Harte Bressler (Director)	$0	$0	$0
Shonda Shipman (Supervisory Committee)	$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

$51,454,248

Expenses

$40,141,708

Net Income

$11,312,540

Net Assets

$182,379,239

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$49,500,757	96.2%
Investment Income	$1,904,136	3.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,057	0.0%
Net Inventory Sales	$0
Other Revenue	$46,298	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,490,694	8.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$11,776,424	29.3%

Assets/Debt
Total Assets	$1,082,297,679
Total Liabilities	$899,918,440
Net Assets	$182,379,239

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Wayne Langei (President/Ceo)	$1,419,196	$0	$39,441
Kathleen Gavin (Senior Vp)	$321,175	$0	$35,351
Jennifer Kutcher (President/Ceo)	$288,224	$0	$38,577
Robert Langei (Evp/Coo)	$221,516	$0	$31,664
Jeff Dykstra (Evp/Clo)	$214,454	$0	$38,036
Colin Naylor (Vp/Cio)	$165,309	$0	$32,356
Lisa Langei (Vp/Marketing)	$160,875	$0	$28,106
Kent Bouma (Vp/Business Services)	$139,329	$0	$29,559
Aaron Whitson (Credit Administrator)	$127,836	$0	$28,300
Timothy Cook (Systems Administrator)	$106,314	$0	$18,871
Carol Lager (Director)	$2,508	$0	$0
Bruce Burpee (Board Secretary)	$1,789	$0	$0
Dale Zender (Board Vice Chair)	$1,006	$0	$0
Hartwell Bressler (Director & Supervisory Committee Member)	$902	$0	$0
Kristi Lewis Tyran (Director)	$0	$0	$0
Cathie Oberg (Director)	$0	$0	$0
James Walsh (Director)	$0	$0	$0
David Waschke (Director)	$0	$0	$0
Ashok Khanna (Director)	$0	$0	$0
Philip Isle (Board Chair)	$0	$0	$0

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990

Filed on Nov. 13, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$50,937,148

Expenses

$37,199,212

Net Income

$13,737,936

Net Assets

$170,955,744

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$50,040,476	98.2%
Investment Income	$840,591	1.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$117
Net Inventory Sales	$0
Other Revenue	$56,198	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,981,092	8.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$10,764,600	28.9%

Assets/Debt
Total Assets	$977,324,219
Total Liabilities	$806,368,475
Net Assets	$170,955,744

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Wayne Langei (President/Ceo)	$1,342,849	$0	$40,080
Kathleen Gavin (Senior Vp)	$310,662	$0	$34,492
Robert Langei (Evp/Cfo)	$207,967	$0	$30,468
Jeff Dykstra (Evp/Coo)	$202,550	$0	$37,620
Jennifer Kutcher (Evp/Clo)	$199,673	$0	$33,487
Colin Naylor (Vp/Cio)	$156,529	$0	$32,168
Lisa Langei (Vp/Marketing & Compliance)	$152,406	$0	$27,822
Kent Bouma (Vp/Business Services)	$131,560	$0	$29,366
Hartwell Bressler (Director)	$2,101	$0	$0
Philip Isle (Board Vice Chair)	$1,857	$0	$0
Dale Zender (Board Secretary)	$1,788	$0	$0
Ashok Khanna (Director)	$1,569	$0	$0
Kristi Lewis Tyran (Director)	$0	$0	$0
Cathie Oberg (Board Chair)	$0	$0	$0
James Walsh (Director)	$0	$0	$0
David Waschke (Director)	$0	$0	$0
Bruce Burpee (Director)	$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

$54,573,748

Expenses

$37,675,996

Net Income

$16,897,752

Net Assets

$156,710,844

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$53,852,971	98.7%
Investment Income	$558,031	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$162,746	0.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,795,813	7.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$9,765,656	25.9%

Assets/Debt
Total Assets	$883,830,603
Total Liabilities	$727,119,759
Net Assets	$156,710,844

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$50,000,282

Expenses

$36,738,238

Net Income

$13,262,044

Net Assets

$139,343,072

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$49,625,036	99.2%
Investment Income	$485,768	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$110,522
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,620,609	7.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$8,881,610	24.2%

Assets/Debt
Total Assets	$776,647,224
Total Liabilities	$637,304,152
Net Assets	$139,343,072

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 December 20, 2024

Whatcom Educational Credit Union

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $138M (2023)

Expenses $119M (2023)

Total Assets $2.77B (2023)

Total Liabilities $2.43B (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

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

Other

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

Revenue

$138M (2023)

Expenses

$119M (2023)

Total Assets

$2.77B (2023)

Total Liabilities

$2.43B (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