Program areas at Salal Credit Union
Salal Credit Union is a state chartered non-profit cooperative Credit Union offering its members a variety of financial services designed to promote saving and provide Credit at fair and reasonable rates of interest. Salal Credit Union currently serves 57,052 members; however there are approximately 6,700,000 potential members in the greater puget sound community.
Salal Credit Union is active in the community by contributing to the fundraising efforts of several worthwhile organizations such as healthpoint, international community health services (ichs), northwest Credit Union foundation, northwest harvest, and king county nurses association. Salal Credit Union also provides matching contributions for employees and directors to approved 501(c)(3) organizations up to $500 per year.
Salal Credit Union offers financial literacy/education programs through balance financial fitness program to members and employees. These educational programs are designed to help individuals in budgeting, saving for major purchases, college, and retirement and overall financial management.
Grants made by Salal Credit Union
Personnel at Salal Credit Union
| Name | Title | Compensation | Date of data |
|---|
| Russell Rosendal | President and Chief Executive | $1,014,128 | 2024-10-02 |
| Randy Cloes | Senior Vice President , Chief Financial Officer | $312,544 | 2024-10-02 |
| Skott Pope | Senior Vice President , Chief Digital and Strategy Officer | | 2024-10-02 |
| Troy-Skott Pope | Senior Vice President - Chief Digital and Strategy Officer / Senior Vice President - Chief Digital and Strategy Offic / Senior Vice President - Chief Retail Banking Officer / Senior Vice President - Chief Retail Officer / Senior Vice President - Retail Financial Services / Senior Vice President Retail Financial Services | $311,289 | 2022-12-31 |
| Judy Loveless-Morris | Senior Vice President , Chief Diversity and People Officer | $283,948 | 2024-10-02 |
| ...and 27 more key personnel |
Financials for Salal Credit Union
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $58,120,658 | $52,249,948 | 11.2% |
| Investment income and dividends | $3,566,206 | $1,585,974 | 124.9% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $469,090 | $-366,506 | 228% |
| Net gain from sale of non-inventory assets | $1,326,930 | $0 | 999% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $-121,290 | $-40,657 | -198.3% |
| Total revenues | $63,361,594 | $53,428,759 | 18.6% |
Organizations like Salal Credit Union
| Organization | Type | Location | Revenue |
|---|
| Horizon Credit Union (HZCU) | 501(c)(14) | Spokane Valley, WA | $83,502,229 |
| Sound Credit Union | 501(c)(14) | Tacoma, WA | $118,091,214 |
| Columbia Community Credit Union | 501(c)(14) | Vancouver, WA | $117,918,562 |
| Credit Unions in the State of Washington / Inspirus Credit Union | 501(c)(14) | Seattle, WA | $53,981,403 |
| Numerica Credit Union | 501(c)(14) | Spokane Valley, WA | $175,521,623 |
| Kitsap Credit Union (KCU) | 501(c)(14) | Bremerton, WA | $104,047,497 |
| Whatcom Educational Credit Union | 501(c)(14) | Bellingham, WA | $138,092,209 |
| Spokane Teachers Credit Union | 501(c)(14) | Liberty Lake, WA | $238,014,215 |
| Global Credit Union | 501(c)(14) | Spokane, WA | $30,633,137 |
| TAPCO Credit Union | 501(c)(14) | Tacoma, WA | $32,250,371 |
Data update history
February 12, 2024
Updated personnel
Identified 1 new personnel
January 6, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 6, 2024
Updated personnel
Identified 4 new personnel
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2020
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsCredit unionsChapter / child organizations
Issues
No issues found
Characteristics
MembershipsPolitical advocacyLobbying
General information
- Address
- 9706 4th Ave Ne 400
- Seattle, WA 98115
- Metro area
- Seattle-Tacoma-Bellevue, WA
- County
- King County, WA
- Website URL
- salalcu.org/Â
- Phone
- (206) 298-9394
IRS details
- EIN
- 91-0593941
- 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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