Numerica Credit Union FY2020 filing

Not tax-deductible

Spokane Vly, WAMutual-benefit / member-servingSince 1937Mutual / membership EIN 91-0863377Revenue $160.3M in FY2020Latest return filed Oct 31, 2025

On file with the IRSnumericacu.comPo Box 4000, 99037-4000 · Spokane Vly, WATax-exempt since Jul 1954

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Credit Union operated without profit for mutual purposes.

$8.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · 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
$8.6M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
28 mo
of spending, in cash
Looks good: 28.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.7B
90% of total assets
Concern: liabilities are 90% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$160.3M
Spent
$133.5M
Net assets
$290.0M
By yearFY2020–FY2024
Revenue
$160.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$160.3M
FY2021$167.0M
FY2022$175.5M
FY2023$225.6M
FY2024$255.2M
Expenses
$133.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$133.5M
FY2021$125.1M
FY2022$139.9M
FY2023$193.0M
FY2024$222.7M
Net assets
$290.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$290.0M
FY2021$326.6M
FY2022$314.5M
FY2023$342.0M
FY2024$373.8M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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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

36 people listed on the 990; $8.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$945,594Pt VII · Sec A
Chief Operations Officer
$461,419Pt VII · Sec A
Chief Strategy Officer
$447,786Pt VII · Sec A
Chief Lending Officer
$415,063Pt VII · Sec A
Chief Administration Officer
$414,025Pt VII · Sec A
Hlc Senior Loan Officer
$389,910Pt VII · Sec A
SVP of Business Services
$360,224Pt VII · Sec A
Chief Risk Officer
$355,173Pt 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 →

11 open jobs right now. See them →

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 II46 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.

Questions for Numerica Credit Union

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1 program · in their own filed words · FY2020
01

Provide financial services to 160,049 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$160.3M
Ln 12
Fees for servicesLn 2g$155.0M
Investment incomeLn 3$5.2M
Other incomeLn 4–11$95K
Money outPt IX
$133.5M
Ln 25
Owns and owesPt X
$290.0M
net assets · Ln 32
Cash and savingsLn 1–2$311.2M
Total assetsLn 16$3.0B
LiabilitiesLn 26$2.7B
PeoplePt VI, VII
36
listed · VII A
PaidVII A36
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$155.0M
Investment incomeLn 3$5.2M
Other incomeLn 4–11$95K
Gains on assetsLn 7$261K
Total revenueLn 12$160.3M
Assets in detailPt X, end of year
CashLn 1$50.4M
SavingsLn 2$260.8M
Cash and savings togetherLn 1–2$311.2M
InvestmentsLn 11–13$243.9M
Land, buildings, equipmentLn 10c$57.1M
Other assetsLn 15$68.2M
Total assetsLn 16$3.0B
LiabilitiesLn 26$2.7B
Net assetsLn 32$290.0M
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 FY20End FY20
Cash and savingsLn 1–2$144.0M$311.2M
InvestmentsLn 11–13$214.2M$243.9M
Land, buildings, equipmentLn 10c$61.9M$57.1M
Total assetsLn 16$2.52B$3.01B
LiabilitiesLn 26$2.25B$2.72B
Net assetsLn 32$261.5M$290.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$486K
Grants to domestic individualsLn 2$45K
Pay of current officers, directors and key staffLn 5$7.9M
Other salaries and wagesLn 7$37.3M
Pension plan contributionsLn 8$3.5M
Other employee benefitsLn 9$3.9M
Payroll taxesLn 10$3.7M
Legal feesLn 11b$325K
Accounting feesLn 11c$272K
Other fees for servicesLn 11g$660K
Advertising and promotionLn 12$4.2M
Office expensesLn 13$6.5M
Information technologyLn 14$5.0M
OccupancyLn 16$2.5M
TravelLn 17$196K
Conferences, conventions and meetingsLn 19$208K
InterestLn 20$23.7M
Depreciation, depletion and amortizationLn 22$4.9M
InsuranceLn 23$736K
Other expenses (24a–d)Ln 24$27.1M
All other expensesLn 24e$310K
Total functional expensesLn 25$133.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Oct 31, 2025 $255.2M$222.7M$32.5M$373.8M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $225.6M$193.0M$32.6M$342.0M 990 PDF
FY2022Filed with the IRS Oct 11, 2023 $175.5M$139.9M$35.6M$314.5M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $167.0M$125.1M$41.9M$326.6M 990 PDF
FY2020 ViewingFiled with the IRS Aug 26, 2021 $160.3M$133.5M$26.8M$290.0M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $160,306,604 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $140,960,172$155,019,454
I-10 Investment incomePrior year $7,850,214$5,192,243
I-11 Other revenuePrior year $0$94,907
I-12 Total revenuePrior year $148,810,386$160,306,604
I-13 Grants and similar amounts paidPrior year $347,568$530,389
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $51,983,222$56,389,314
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $69,935,355$76,561,260
I-18 Total expensesPrior year $122,266,145$133,480,963
I-19 Revenue less expensesPrior year $26,544,241$26,825,641
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $160,306,604 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $154,443,827 · Unrelated business $575,627$155,019,454
VIII-3 Investment incomeExcluded from tax $4,931,035$4,931,035
VIII-7 Net gain or loss on sales of assetsExcluded from tax $261,208$261,208
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $94,907$94,907
VIII-12 Total revenueRelated to mission $154,443,827 · Unrelated business $575,627 · Excluded from tax $5,287,150$160,306,604
Part IX · Statement of functional expenses $133,480,963 across 21 lines filed
IX-1 Grants to domestic organizations$485,580
IX-2 Grants to domestic individuals$44,809
IX-5 Pay of current officers, directors and key staff$7,914,965
IX-7 Other salaries and wages$37,345,092
IX-8 Pension plan contributions$3,477,347
IX-9 Other employee benefits$3,930,707
IX-10 Payroll taxes$3,721,203
IX-11b Legal fees$325,011
IX-11c Accounting fees$272,003
IX-11g Other fees for services$660,039
IX-12 Advertising and promotion$4,241,250
IX-13 Office expenses$6,452,020
IX-14 Information technology$4,950,972
IX-16 Occupancy$2,457,248
IX-17 Travel$195,522
IX-19 Conferences, conventions and meetings$208,073
IX-20 Interest$23,690,010
IX-22 Depreciation, depletion and amortization$4,940,198
IX-23 Insurance$736,247
IX-24 Other expenses (24a–d)$27,122,586
IX-24e All other expenses$310,081
IX-25 Total functional expenses$133,480,963
Part X · Balance sheet $3,014,942,037 assets, 14 lines filed
Asset lines not itemized here account for $2,330,545,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $52,175,521$50,386,651
X-2 Savings and temporary cash investmentsStart of year $91,800,626$260,844,243
X-9 Prepaid expenses and deferred chargesStart of year $2,743,091$3,726,078
X-10c Land, buildings and equipment, netStart of year $61,947,466$57,081,061
X-12 Other securitiesStart of year $214,249,750$243,923,601
X-14 Intangible assetsStart of year $249,766$201,548
X-15 Other assetsStart of year $59,937,635$68,233,855
X-16 Total assetsStart of year $2,515,014,678$3,014,942,037
X-17 Accounts payable and accrued expensesStart of year $33,664,607$39,999,787
X-19 Deferred revenueStart of year $129,408$298,761
X-25 Other liabilitiesStart of year $2,101,396,656$2,593,031,984
X-26 Total liabilitiesStart of year $2,253,558,552$2,724,967,100
X-32 Total net assets or fund balancesStart of year $261,456,126$289,974,937
X-33 Total liabilities and net assetsStart of year $2,515,014,678$3,014,942,037
Part XI · Reconciliation of net assets $289,974,937 net assets at year end
XI-1 Total revenue$160,306,604
XI-2 Total expenses$133,480,963
XI-3 Revenue less expenses$26,825,641
XI-4 Net assets at start of year$261,456,126
XI-5 Net unrealized gains (losses) on investments$1,693,170
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$289,974,937

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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