Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1954.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
25 people listed on the 990; $5.8M paid to officers and key staff (Part VII, Section A).
Jennifer Kutcher’s $937K as President & CEO is at the 100th percentile of top reported officer pay among 61 <$100K public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Jennifer Kutcher | $936,965 | $884,765 | $836,637 | — | — | — |
| Jennifer E Kutcher | — | — | — | $750,217 | $711,876 | $697,277 |
| Jeffrey Dykstra - Chief | $663,150 | — | — | — | — | — |
| Jack Ingram | $504,264 | $453,215 | $427,450 | $379,831 | $345,261 | $320,375 |
| Jeffrey Dykstra | — | $451,454 | $420,899 | — | — | — |
| Nicholas Hodson | $415,647 | $383,666 | $350,972 | — | — | — |
| Jeffrey R Dykstra | — | — | — | $392,577 | $365,437 | $340,988 |
| Cynthia Chase Klein | $367,550 | $332,953 | $315,903 | $289,640 | $285,135 | $256,701 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Whatcom Educational Credit Union executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Improves members' lives through meaningful support and resources.
Questions for Whatcom Educational Credit Union
Your first name shows with your question. Whatcom Educational Credit Union answers here, for everyone.
Deposits & Liquidity
Deposits for members and non-members grew by 15.5%, amounting to $365.69 million year-over-year (yoy). Borrowings decreased by 14.6%, totaling $30.0 million yoy. These increases and decreases enabled wecu to sustain liquidity reserves throughout 2025.
Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 91-0712539) · Dispute this lineCommunity Involvement
While technically not a chartered service, wecu is committed to community service and provides support to a large number of local educational, health and community concerns. In 2025, helping members and the community at large continues to be a primary focus.
Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 91-0712539) · Dispute this lineLending
Total outstanding loans increased by 7.8%, amounting to $190.18 million year-over-year (yoy). Despite a challenging environment, wecu provided a total of $715 million in loans to members within the communities we serve.
Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 91-0712539) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $179.1M | $357.8M |
| InvestmentsLn 11–13 | $218.6M | $230.4M |
| Land, buildings, equipmentLn 10c | $61.5M | $59.9M |
| Total assetsLn 16 | $2.96B | $3.33B |
| LiabilitiesLn 26 | $2.61B | $2.97B |
| Net assetsLn 32 | $349.6M | $366.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $351K | |||
| Benefits paid to or for membersLn 4 | $51.0M | |||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $5.2M | |||
| Other salaries and wagesLn 7 | $34.4M | |||
| Pension plan contributionsLn 8 | $3.3M | |||
| Other employee benefitsLn 9 | $8.8M | |||
| Payroll taxesLn 10 | $3.1M | |||
| Legal feesLn 11b | $155K | |||
| Accounting feesLn 11c | $265K | |||
| Lobbying feesLn 11d | $40K | |||
| Other fees for servicesLn 11g | $3.3M | |||
| Advertising and promotionLn 12 | $2.7M | |||
| Office expensesLn 13 | $2.2M | |||
| Information technologyLn 14 | $11.4M | |||
| OccupancyLn 16 | $1.4M | |||
| TravelLn 17 | $182K | |||
| Conferences, conventions and meetingsLn 19 | $318K | |||
| InterestLn 20 | $9.3M | |||
| Depreciation, depletion and amortizationLn 22 | $1.9M | |||
| InsuranceLn 23 | $6K | |||
| Other expenses (24a–d)Ln 24 | $32.1M | |||
| All other expensesLn 24e | $680K | |||
| Total functional expensesLn 25 | $172.2M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS May 13, 2026 | $184.5M | $172.2M | $12.3M | $366.5M | 990 PDF |
| FY2024Filed with the IRS May 2, 2025 | $166.5M | $154.3M | $12.2M | $349.6M | 990 PDF |
| FY2023Filed with the IRS May 9, 2024 | $138.1M | $119.3M | $18.8M | $336.0M | 990 PDF |
| FY2022Filed with the IRS May 11, 2023 | $98.7M | $68.5M | $30.2M | $316.9M | 990 PDF |
| FY2021Filed with the IRS May 11, 2022 | $85.7M | $64.1M | $21.7M | $295.3M | 990 PDF |
| FY2020Filed with the IRS May 17, 2021 | $85.9M | $71.0M | $14.9M | $274.0M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990
Part I · Summary $184,450,455 revenue, 12 lines filed
Part VI · Governance 0 of 10 board members independent, 1 to look at
Part VIII · Statement of revenue $184,450,455 across 6 lines filed
Part IX · Statement of functional expenses $172,171,853 across 22 lines filed
Part X · Balance sheet $3,331,778,128 assets, 20 lines filed
Part XI · Reconciliation of net assets $366,492,269 net assets at year end
Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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