Nonprofit · EIN 91-0419495
CREDIT UNIONS IN THE STATE OF WASHINGTON
Also known as PROGRESSIONS CREDIT UNION
Tax-exempt · SPOKANE, WA 99202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,963,887 | $4,508,011 | $455,876 | $90,864,581 | $81,845,244 | $9,019,337 |
| December 31, 2023 | 990 | $4,844,566 | $3,851,740 | $992,826 | $87,577,481 | $79,014,020 | $8,563,461 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,970,238
- Investment income
- $723,951
- Net rental income
- $6,206
- Other revenue
- $269,698
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $436,438
- Other salaries and wages
- $689,168
- Salaries, compensation and benefits (total)
- $1,328,820
- Professional fundraising fees
- $0
- Legal fees
- $10,198
- Accounting fees
- $20,878
- Occupancy
- $222,797
- Travel
- $3,331
- Depreciation
- $245,202
Balance sheet and other
- Total assets, start of year
- $87,577,481
- Total assets, end of year
- $90,864,581
- Total liabilities, end of year
- $81,845,244
- Net assets, end of year
- $9,019,337
- Land, buildings and equipment
- $5,868,766
- Gross unrelated business income
- $6,206
- Gross receipts
- $4,982,281
- Employees
- 19
- Volunteers
- 9
- Year formed
- 1933
- State of legal domicile
- WA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Susan Vuong | President/CEO Officer | 40 | $172,812 |
| Timothy A Throckmorton | SVP CFO Officer | 40 | $108,420 |
| Kevin Spoerl | SVP CLO Officer | 40 | $106,225 |
| Kathy Brooks | Director Trustee or director | 2 | $0 |
| Cheri Moore | Director/Secretary Trustee or director | 2 | $0 |
| Jeffry D Martin | Director/Vice Chairman Trustee or director | 0 | $0 |
| William F O'Halloran | Director Trustee or director | 2 | $0 |
| Doug Sprecher | Director, Chairman of the Board Trustee or director | 2 | $0 |
| Dan Brown | Director Trustee or director | 2 | $0 |
| Tiffany Saraceno | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Susan Vuong | President/CEO Officer | 40 | $196,963 |
| Timothy A Throckmorton | SVP CFO Officer | 40 | $115,475 |
| Kevin Spoerl | SVP CLO Officer | 40 | $115,461 |
| Kathy Brooks | Director Trustee or director | 2 | $0 |
| Cheri Moore | Director/Secretary Trustee or director | 2 | $0 |
| Jeffry D Martin | Director Trustee or director | 2 | $0 |
| William F O'Halloran | Director Trustee or director | 2 | $0 |
| Doug Sprecher | Director, Chairman of the Board Trustee or director | 2 | $0 |
| Dan Brown | Director/Vice Chairman Trustee or director | 2 | $0 |
| Tiffany Saraceno | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 2919 E MISSION AVE, SPOKANE, WA 99202-3624
- Principal officer (990 for 2024)
- Susan Vuong, 2919 E Mission Ave, Spokane, WA 992023691
- Signed the 990
- Tim Throckmorton, Finance Director
- Phone
- (509) 535-0191
- Website
- www.progressionscu.org
Mission
To assist the Credit Union's members in banking, lending and other financial needs.
Program accomplishments
- As of 12/31/24 Progressions Credit Union (PCU) had 5,603 members that owned a total of 11,511 share/deposit accounts. In addition, PCU had $64,474,137 in loans to 1,914 members. In 2024 PCU granted 1,275 new loans with an initial value of $18,596,708Expenses $4,526,405 · revenue $4,982,281
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 91-0419495
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1954
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1269: CREDIT UNIONS IN THE STATE OF WASHINGTON
- Assets (IRS master file)
- $90,864,581
- Income (IRS master file)
- $4,982,281
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,963,887 | $4,508,011 | $90,864,581 | IRS |
| 990 | December 2023 | $4,844,566 | $3,851,740 | $87,577,481 | XML |
| 990 | December 2022 | $3,477,085 | $3,035,359 | $83,344,024 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 91-0419495).
Questions about CREDIT UNIONS IN THE STATE OF WASHINGTON
- What is the EIN of CREDIT UNIONS IN THE STATE OF WASHINGTON?
- The employer identification number (EIN) of CREDIT UNIONS IN THE STATE OF WASHINGTON is 91-0419495.
- Is CREDIT UNIONS IN THE STATE OF WASHINGTON tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1954.
- Are donations to CREDIT UNIONS IN THE STATE OF WASHINGTON tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CREDIT UNIONS IN THE STATE OF WASHINGTON file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CREDIT UNIONS IN THE STATE OF WASHINGTON due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CREDIT UNIONS IN THE STATE OF WASHINGTON last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CREDIT UNIONS IN THE STATE OF WASHINGTON?
- The 990 for the year ended December 31, 2024 names Susan Vuong.
- Who are the officers and directors of CREDIT UNIONS IN THE STATE OF WASHINGTON?
- The 990 for the year ended December 31, 2024 lists 10 people; 3 received compensation from the organization, the highest $172,812 (Susan Vuong, President/CEO).
- How much revenue does CREDIT UNIONS IN THE STATE OF WASHINGTON have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,963,887, expenses of $4,508,011 and total assets of $90,864,581 at year end.
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