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EIN 91-0564948

American Lake Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
20
City
Lakewood
State
Washington
Year formed
1948
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
American Lake Credit Union is a proactive financial cooperative dedicated to helping members improve their financial well-being by providing quality services at low cost and encouraging thrift. The Credit Union provides low-cost retail financial services to over 5,419 member/owners through four branches located in Tacoma and Lakewood, offering savings and deposit accounts, consumer, mortgage, and credit card loans. Additionally, the Credit Union grants access to various services that help improve members' financial status.
Related structure
American Lake Credit Union is child organization, under the parent exemption from Credit Unions in the State of Washington / Division of Credit Unions.
Also known as...
Credit Unions in the State of Washington
Total revenues
$3,185,652
2023
Total expenses
$3,070,215
2023
Total assets
$64,344,364
2023
Num. employees
20
2023

Program areas at American Lake Credit Union

the Credit Union provided low cost retail financial services to over 5,373 member/owners through four branches located in tacoma and lakewood. Services include savings and deposit accounts, consumer, mortgage, and Credit card loans. the Credit Union granted 1,223 loans to members amounting to $14,871,341 in 2023.

Personnel at American Lake Credit Union

NameTitleCompensation
Kolin McMannChief Executive Officer$196,385
Glen DavocolVice President Operations$92,470
Cheryl BeesonVice President Administration$87,341
Brook HamiltonVice President$85,278
Oma MadsenController$74,650
...and 3 more key personnel

Financials for American Lake Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$2,189,437
Investment income and dividends$847,046
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$1,065
Net gain from sale of non-inventory assets$148,104
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$3,185,652

Form 990s for American Lake Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-07-03990View PDF
2022-122023-07-26990View PDF
2021-122022-07-13990View PDF
2020-122021-05-07990View PDF
2019-122021-06-07990View PDF
...and 10 more Form 990s
Data update history
August 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
February 4, 2023
Posted financials
Added Form 990 for fiscal year 2020
October 2, 2021
Posted financials
Added Form 990 for fiscal year 2019
September 30, 2020
Posted financials
Added Form 990 for fiscal year 2018
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
MembershipsState / local level
General information
Address
9802 Gravelly Lake Dr SW
Lakewood, WA 98499
Metro area
Seattle-Tacoma-Bellevue, WA
County
Pierce County, WA
Website URL
americanlake.org/ 
Phone
(253) 584-0079
Facebook page
americanlakecu 
IRS details
EIN
91-0564948
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1948
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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