Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1961.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
38 people listed on the 990; $11.5M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Williams Darren | $1,426,925 | $4,496,966 | — | — | — |
| Darren Williams | — | — | $1,283,603 | $4,164,933 | $1,244,775 |
| Keith Pipes | — | — | $640,856 | $604,944 | $1,592,354 |
| Pipes Keith | $694,360 | $1,053,709 | — | — | — |
| Charles Thomas | — | — | $461,728 | $690,495 | $435,107 |
| Pellissery Joseph | $532,718 | $589,306 | — | — | — |
| Yu Irving | $510,909 | $576,697 | — | — | — |
| Pan Kwe | — | — | $556,611 | $560,430 | $432,221 |
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.
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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 II41 listed
Programs and updates
Encourages members to save money and practice thrift.
Questions for Wescom Central Credit Union
Your first name shows with your question. Wescom Central Credit Union answers here, for everyone.
Know this org? Add your story
The credit union through its employees, members, and wecare foundation supported community outreach throughout 2020. More than $113,000 donated to children's miracle network hospitals. $167,000+ donated to the national local food banks. $20,000 donated to racial justice.
The credit union had $4.5 billion in assets, $2.1 billion in loans and $3.75 billion in member deposits as of december 31, 2020 the credit union posted net earnings of $19.8 million in 2020.
The credit union's 2020 initiatives included membership growth, enhancing products and services, increased service in our communities, developments in delivery channels, and loan growth.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $199.9M | $318.2M |
| InvestmentsLn 11–13 | $3.32B | $4.00B |
| Land, buildings, equipmentLn 10c | $71.3M | $75.5M |
| Total assetsLn 16 | $3.69B | $4.50B |
| LiabilitiesLn 26 | $3.35B | $4.13B |
| Net assetsLn 32 | $339.6M | $368.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $245K | |||
| Pay of current officers, directors and key staffLn 5 | $14.8M | |||
| Other salaries and wagesLn 7 | $57.6M | |||
| Pension plan contributionsLn 8 | $2.9M | |||
| Other employee benefitsLn 9 | $6.6M | |||
| Payroll taxesLn 10 | $4.7M | |||
| Legal feesLn 11b | $583K | |||
| Accounting feesLn 11c | $275K | |||
| Other fees for servicesLn 11g | $1.4M | |||
| Advertising and promotionLn 12 | $7.2M | |||
| Office expensesLn 13 | $15.0M | |||
| Information technologyLn 14 | $5.0M | |||
| OccupancyLn 16 | $7.6M | |||
| TravelLn 17 | $780K | |||
| InterestLn 20 | $24.5M | |||
| Depreciation, depletion and amortizationLn 22 | $11.7M | |||
| InsuranceLn 23 | $795K | |||
| Other expenses (24a–d)Ln 24 | $22.1M | |||
| All other expensesLn 24e | $1.6M | |||
| Total functional expensesLn 25 | $185.2M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $364.1M | $350.5M | $13.6M | $279.9M | 990 PDF |
| FY2023 | $323.5M | $299.7M | $23.9M | $250.6M | 990 PDF |
| FY2022 | $291.0M | $224.8M | $66.2M | $217.3M | 990 PDF |
| FY2021 | $207.7M | $180.2M | $27.5M | $364.3M | 990 PDF |
| FY2020 Viewing | $201.1M | $185.2M | $15.9M | $368.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $201,120,703 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, no flags
Part VIII · Statement of revenue $201,120,703 across 4 lines filed
Part IX · Statement of functional expenses $185,228,950 across 19 lines filed
Part X · Balance sheet $4,502,286,439 assets, 14 lines filed
Part XI · Reconciliation of net assets $368,486,772 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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