Numerica Credit Union

Not tax-deductible

Spokane Vly, WAMutual-benefit / member-servingSince 1937EIN 91-0863377Revenue $255.2M in FY2024

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Credit Union operated without profit for mutual purposes.

Run by 15 volunteers and 787 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $33.9M a year · 17% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$9.4M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
22 mo
of spending, in cash
Looks good: 22.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.6B
91% of total assets
Concern: liabilities are 91% of assets; over 80%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$255.2M
+13% vs prior year
Spent
$222.7M
Net assets
$373.8M
By yearFY2020–FY2024
Revenue
$255.2M
FY2024▲ +13%
Revenue by fiscal year
FY2020$160.3M
FY2021$167.0M
FY2022$175.5M
FY2023$225.6M
FY2024$255.2M
Expenses
$222.7M
FY2024▲ +15%
Expenses by fiscal year
FY2020$133.5M
FY2021$125.1M
FY2022$139.9M
FY2023$193.0M
FY2024$222.7M
Net assets
$373.8M
FY2024▲ +9%
Net assets by fiscal year
FY2020$290.0M
FY2021$326.6M
FY2022$314.5M
FY2023$342.0M
FY2024$373.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1954.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

35 people listed on the 990; $9.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$1,044,710Pt VII · Sec A
Chief Retail & Digital Officer
$590,919Pt VII · Sec A
Chief Administration Officer
$550,794Pt VII · Sec A
Chief Credit Officer
$506,202Pt VII · Sec A
Financial Advisor
$503,282Pt VII · Sec A
Chief Financial Officer
$484,188Pt VII · Sec A
EVP Lending
$447,572Pt VII · Sec A
SVP Consumer Lending
$328,186Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Cicero Carla—$998,571$1,611,854$1,137,978$945,594
Carla Cicero$1,044,710————
Sherman Nicole—$625,928$557,470$467,887$123,174
Travis Simpson$590,919————
Kelley Ferguson$550,794————
Ferguson Kelley—$509,441$497,478$403,710$414,025
Greg Hansen$506,202————
Aaron Norris$503,282————

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 Numerica Credit Union executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II52 listed

Programs and updates

Provides nonprofit financial services, including savings accounts, credit cards, and consumer, business, and real estate loans, to over 174,000 credit union members.

Provided by the organization

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1 program · in their own filed words · FY2024
01

Provide financial services to 174,856 members. These services include, but are not limited to, providing real estate and other SECURED/UNSECURED consumer and business loans, checking and savings programs, and credit card services.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 208 grants · $3.1M · 2020–2024
YMCAWA · FY2024$46,700
Family Promise of SpokaneWA · FY2024$37,178
Coeur D'Alene on IceFY2024$26,844
Safe PassageID · FY2024$26,400
Spokane Hoopfest AssociationWA · FY2024$26,000
Grace CollectiveWA · FY2024$26,000
Vanessa BehanWA · FY2024$25,100
The Big TableWA · FY2024$20,700
Spokane ChiefsFY2024$17,500
See all 208 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$255.2M
Ln 12
Fees for servicesLn 2g$230.4M
Investment incomeLn 3$24.9M
Money outPt IX
$222.7M
Ln 25
Owns and owesPt X
$373.8M
net assets · Ln 32
Cash and savingsLn 1–2$413.0M
Total assetsLn 16$4.0B
LiabilitiesLn 26$3.6B
PeoplePt VI, VII
35
listed · VII A
PaidVII A35
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$230.4M
Investment incomeLn 3$24.9M
Gains on assetsLn 7$3K
Total revenueLn 12$255.2M
Assets in detailPt X, end of year
CashLn 1$53.1M
SavingsLn 2$360.0M
Cash and savings togetherLn 1–2$413.0M
InvestmentsLn 11–13$265.2M
Land, buildings, equipmentLn 10c$78.3M
Other assetsLn 15$96.8M
Total assetsLn 16$4.0B
LiabilitiesLn 26$3.6B
Net assetsLn 32$373.8M
OperationsPt I, VI
EmployeesI 5787
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$331.5M$413.0M
InvestmentsLn 11–13$290.4M$265.2M
Land, buildings, equipmentLn 10c$78.8M$78.3M
Total assetsLn 16$3.93B$4.00B
LiabilitiesLn 26$3.59B$3.63B
Net assetsLn 32$342.0M$373.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$861K
Pay of current officers, directors and key staffLn 5$8.2M
Other salaries and wagesLn 7$56.2M
Pension plan contributionsLn 8$6.0M
Other employee benefitsLn 9$6.2M
Payroll taxesLn 10$5.3M
Management feesLn 11a$110K
Legal feesLn 11b$98K
Accounting feesLn 11c$384K
Other fees for servicesLn 11g$907K
Advertising and promotionLn 12$4.8M
Office expensesLn 13$7.5M
Information technologyLn 14$8.6M
OccupancyLn 16$4.0M
TravelLn 17$739K
Conferences, conventions and meetingsLn 19$272K
InterestLn 20$87.3M
Depreciation, depletion and amortizationLn 22$5.5M
InsuranceLn 23$802K
Other expenses (24a–d)Ln 24$18.8M
All other expensesLn 24e$277K
Total functional expensesLn 25$222.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $255.2M$222.7M$32.5M$373.8M 990 PDF
FY2023 $225.6M$193.0M$32.6M$342.0M 990 PDF
FY2022 $175.5M$139.9M$35.6M$314.5M 990 PDF
FY2021 $167.0M$125.1M$41.9M$326.6M 990 PDF
FY2020 $160.3M$133.5M$26.8M$290.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $255,238,984 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $207,401,322$230,374,562
I-10 Investment incomePrior year $18,167,512$24,864,422
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $225,568,834$255,238,984
I-13 Grants and similar amounts paidPrior year $683,229$861,189
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $76,371,135$81,876,874
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $115,950,520$139,974,183
I-18 Total expensesPrior year $193,004,884$222,712,246
I-19 Revenue less expensesPrior year $32,563,950$32,526,738
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $255,238,984 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $229,983,276 · Unrelated business $391,286$230,374,562
VIII-3 Investment incomeExcluded from tax $24,861,086$24,861,086
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,336$3,336
VIII-12 Total revenueRelated to mission $229,983,276 · Unrelated business $391,286 · Excluded from tax $24,864,422$255,238,984
Part IX · Statement of functional expenses $222,712,246 across 21 lines filed
IX-1 Grants to domestic organizations$861,189
IX-5 Pay of current officers, directors and key staff$8,151,310
IX-7 Other salaries and wages$56,213,944
IX-8 Pension plan contributions$5,984,745
IX-9 Other employee benefits$6,194,794
IX-10 Payroll taxes$5,332,081
IX-11a Management fees$110,490
IX-11b Legal fees$98,356
IX-11c Accounting fees$383,776
IX-11g Other fees for services$906,708
IX-12 Advertising and promotion$4,805,577
IX-13 Office expenses$7,474,112
IX-14 Information technology$8,555,087
IX-16 Occupancy$4,004,046
IX-17 Travel$739,072
IX-19 Conferences, conventions and meetings$272,389
IX-20 Interest$87,259,041
IX-22 Depreciation, depletion and amortization$5,483,499
IX-23 Insurance$801,654
IX-24 Other expenses (24a–d)$18,803,564
IX-24e All other expenses$276,812
IX-25 Total functional expenses$222,712,246
Part X · Balance sheet $4,000,919,961 assets, 16 lines filed
Asset lines not itemized here account for $3,142,242,801; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $48,559,387$53,062,810
X-2 Savings and temporary cash investmentsStart of year $282,917,770$359,977,511
X-9 Prepaid expenses and deferred chargesStart of year $4,901,941$5,305,098
X-10c Land, buildings and equipment, netStart of year $78,774,544$78,267,763
X-11 Publicly traded securitiesStart of year $253,158,679$227,700,937
X-12 Other securitiesStart of year $37,233,786$37,499,542
X-14 Intangible assetsStart of year $108,080$82,588
X-15 Other assetsStart of year $87,631,010$96,780,911
X-16 Total assetsStart of year $3,929,763,160$4,000,919,961
X-17 Accounts payable and accrued expensesStart of year $54,177,946$41,581,247
X-19 Deferred revenueStart of year $2,488,588$1,816,011
X-24 Unsecured notes and loans payableStart of year $49,128,125$49,240,625
X-25 Other liabilitiesStart of year $3,247,176,341$3,409,883,503
X-26 Total liabilitiesStart of year $3,587,791,431$3,627,154,406
X-32 Total net assets or fund balancesStart of year $341,971,729$373,765,555
X-33 Total liabilities and net assetsStart of year $3,929,763,160$4,000,919,961
Part XI · Reconciliation of net assets $373,765,555 net assets at year end
XI-1 Total revenue$255,238,984
XI-2 Total expenses$222,712,246
XI-3 Revenue less expenses$32,526,738
XI-4 Net assets at start of year$341,971,729
XI-5 Net unrealized gains (losses) on investments$414,767
XI-8 Prior period adjustments−$1,147,679
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$373,765,555

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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