Nonprofit · EIN 91-0565128
SPOKANE TEACHERS CREDIT UNION
Tax-exempt · LIBERTY LAKE, WA 99019
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $343,405,605 | $339,361,008 | $4,044,597 | $5,841,118,982 | $5,346,175,718 | $494,943,264 |
| December 31, 2023 | 990 | $304,138,829 | $258,870,399 | $45,268,430 | $5,788,274,678 | $5,298,148,668 | $490,126,010 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $46,880
- Membership dues
- $46,880
- Program service revenue
- $316,594,162
- Investment income
- $26,598,512
- Net rental income
- $166,051
- Net gain from sales of assets
- $635,901
- Other revenue
- $166,051
Expenses
- Grants and similar amounts paid
- $1,908,686
- Benefits paid to members
- $66,713,215
- Compensation of officers, directors and key employees
- $6,457,678
- Other salaries and wages
- $68,458,236
- Salaries, compensation and benefits (total)
- $100,810,353
- Professional fundraising fees
- $0
- Legal fees
- $155,436
- Accounting fees
- $202,876
- Occupancy
- $6,214,694
- Depreciation
- $6,818,987
Balance sheet and other
- Total assets, start of year
- $5,788,274,678
- Total assets, end of year
- $5,841,118,982
- Total liabilities, end of year
- $5,346,175,718
- Net assets, end of year
- $494,943,264
- Land, buildings and equipment
- $98,028,470
- Publicly traded securities
- $398,994,167
- Gross unrelated business income
- $430,489
- Gross receipts
- $621,007,451
- Employees
- 1,096
- Volunteers
- 4
- Year formed
- 1934
- 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 | Other / benefits |
|---|---|---|---|---|
| Ezra Eckhardt | President and CEO Officer | 40 | $1,280,415 | $254,304 |
| Lindsey Myhre | EVP & CFO Officer | 40 | $611,903 | $117,007 |
| Patricia Baughman | CDO Officer | 40 | $400,308 | $94,724 |
| Brian Read | Chief Growth Officer Officer | 40 | $362,569 | $90,220 |
| Brian Scott | CRO Officer | 40 | $349,766 | $85,879 |
| Marty Dickinson | CMO Officer | 40 | $328,315 | $102,071 |
| Scott Rabe | Senior Vice President Officer | 40 | $323,389 | $100,962 |
| Patricia Kelly | Senior Vice President Officer | 40 | $321,225 | $62,973 |
| Joseph Yetter | Senior Vice President Officer | 40 | $287,532 | $83,623 |
| Christopher Severin | Senior Vice President Officer | 40 | $278,077 | $78,703 |
| Angela Swenseid | Senior Vice President Officer | 40 | $274,260 | $69,771 |
| Robyn Galtieri | Senior Vice President Officer | 40 | $278,493 | $62,717 |
| William Lusk | Branch Wealth Advisor Highest-paid employee | 40 | $266,806 | $44,661 |
| Nicole Tutt | Chief Information Security Officer Highest-paid employee | 40 | $242,048 | $68,149 |
| Curt Fuller | Director of Commercial Business Highest-paid employee | 40 | $238,708 | $64,773 |
16 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Melanie Shanks | Chief Internal Auditor Highest-paid employee | 40 | $243,030 | $54,751 |
| Jeremy Long | Director of Digital & Product Solutions Highest-paid employee | 40 | $224,201 | $55,332 |
| David Flood | CLO Officer, Former | 40 | $150,139 | $0 |
| Steven Jones | Chairman Trustee or director | 2 | $27,160 | $0 |
| Chris Morlan | Director Trustee or director | 2 | $18,099 | $0 |
| Justin Botejue | Director Trustee or director | 2 | $18,099 | $0 |
| Jeff Perkins | Director Trustee or director | 2 | $18,099 | $0 |
| William DeReu | Director Trustee or director | 2 | $18,099 | $0 |
| Adriane Hanley | Vice Chairwoman Trustee or director | 2 | $18,099 | $0 |
| Catherine Brazil | Director Trustee or director | 2 | $18,099 | $0 |
| Mike Rennaker | Director Trustee or director | 2 | $18,099 | $0 |
| Kathryn Gores | Audit Chairwoman Trustee or director | 2 | $14,925 | $0 |
| Doris Sonntag | Director Trustee or director | 2 | $12,183 | $0 |
| Kevin Spohr | Supervisory Com Trustee or director | 2 | $9,950 | $0 |
| Lisa McCann | Supervisory Com Trustee or director | 2 | $9,950 | $0 |
| Wally Stanley | Director Trustee or director | 2 | $5,916 | $0 |
990 for the year ended December 31, 2023: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Ezra Eckhardt | President and CEO Officer | 40 | $1,184,852 | $238,092 |
| Lindsey Myhre | EVP & CFO Officer | 40 | $561,612 | $111,634 |
| Patricia Baughman | CDO Officer | 40 | $510,347 | $90,360 |
| David Flood | CLO Officer, Former | 40 | $482,270 | $39,580 |
| Scott Rabe | Senior Vice President Officer | 40 | $295,861 | $95,197 |
| Marty Dickinson | CMO Officer | 40 | $300,165 | $83,968 |
| Patricia Kelly | Senior Vice President Officer | 40 | $306,570 | $75,297 |
| Brian Scott | Chief Risk Officer Officer | 40 | $287,514 | $74,284 |
| Joseph Yetter | Senior Vice President Officer | 40 | $275,625 | $80,738 |
| Brian Read | Chief Retail Officer Officer | 40 | $279,295 | $66,735 |
| Christopher Severin | Senior Vice President Officer | 40 | $262,105 | $75,585 |
| Robyn Galtieri | Senior Vice President Officer | 40 | $260,670 | $60,114 |
| Nicole Tutt | Chief Information Security Officer Highest-paid employee | 40 | $224,525 | $65,042 |
| Melanie Shanks | Chief Internal Auditor Highest-paid employee | 40 | $230,658 | $54,403 |
| Angela Swenseid | Senior Vice President Officer | 40 | $221,140 | $56,163 |
| Curt Fuller | Director of Commercial Business Highest-paid employee | 40 | $228,757 | $48,148 |
| William Lusk | Financial Advisor Highest-paid employee | 40 | $224,383 | $39,322 |
| Douglas Kapelke | Commercial Banking Manager Highest-paid employee | 40 | $227,069 | $31,479 |
| Richard Lentz | Vice President Officer, Former | 40 | $63,913 | $36,096 |
| Steven Jones | Chairman Trustee or director | 2 | $24,043 | $0 |
| Chris Morlan | Director Trustee or director | 2 | $19,426 | $0 |
| Justin Botejue | Director Trustee or director | 2 | $17,387 | $0 |
| Wally Stanley | Director Trustee or director | 2 | $17,387 | $0 |
| Jeff Perkins | Director Trustee or director | 2 | $17,387 | $0 |
| Adriane Hanley | Vice Chairwoman Trustee or director | 2 | $17,387 | $0 |
| Catherine Brazil | Director Trustee or director | 2 | $17,387 | $0 |
| Mike Rennaker | Director Trustee or director | 2 | $17,387 | $0 |
| Kathryn Gores | Audit Chairwoman Trustee or director | 2 | $14,925 | $0 |
| William DeReu | Director Trustee or director | 2 | $13,763 | $0 |
| Kevin Spohr | Supervisory Com Trustee or director | 2 | $9,950 | $0 |
| Lisa McCann | Supervisory Com Trustee or director | 2 | $9,950 | $0 |
| Dolores Humiston | Director Trustee or director | 2 | $4,074 | $0 |
Address and contacts
- Address (IRS master file)
- 1620 N SIGNAL DR, LIBERTY LAKE, WA 99019-9517
- In care of
- % SPOKANE TEACHERS CREDIT UNION
- Mailing address (990-N for 2014)
- 2424 E 42 Ave, Spokane WA 99223
- Principal officer (990 for 2024)
- Lindsey Myhre, 1620 N Signal Drive, Liberty Lake, WA 99019
- Principal officer (990-N for 2014)
- Ivan Iverson, 9818 N Wieber Dr, Spokane WA 99208
- Signed the 990
- Angela Swenseid, SVP - Accounting & Finance
- Phone
- (509) 326-1954
- Website
- www.stcu.org
Mission
STCU is committed to maximizing the value of every financial relationship through cost-effective financial services consistent with cooperative principles, applicable legislation, and prudent management. STCU serves 286,244 members as of 12/31/24.
Program accomplishments
- STCU has outstanding loans of $4,894,163,951 at December 31, 2024, representing 208,682 individual loans. STCU offers credit cards; auto, RV, and boat loans; 1st mortgage real estate loans, other real estate loans and lines of credit; and commercial loans. Revenues from loan activities include interest income earned, as well as loan origination and servicing fees.
- STCU provides share and deposit products, including checking, savings, money market, certificates, and IRA/Keogh accounts. At December 31, 2024, STCU had total share and deposit balances of $4,817,596,713 representing 442,509 individual accounts. STCU paid members dividends on their share and deposit accounts $67,721,489 in 2024. STCU earns various fees on transactions, balances or other financial products as outlined in the membership agreement or published fee schedules.
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
- 91-0565128
- 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)
- $5,841,118,982
- Income (IRS master file)
- $621,007,451
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $343,405,605 | $339,361,008 | $5,841,118,982 | XML |
| 990 | December 2023 | $304,138,829 | $258,870,399 | $5,788,274,678 | XML |
| 990 | December 2022 | $238,014,215 | $178,994,388 | $5,625,825,339 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2014 Officer: Ivan Iverson | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
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 91-0565128).
Questions about SPOKANE TEACHERS CREDIT UNION
- What is the EIN of SPOKANE TEACHERS CREDIT UNION?
- The employer identification number (EIN) of SPOKANE TEACHERS CREDIT UNION is 91-0565128.
- Is SPOKANE TEACHERS CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1954.
- Are donations to SPOKANE TEACHERS CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SPOKANE TEACHERS CREDIT UNION 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 SPOKANE TEACHERS CREDIT UNION 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 SPOKANE TEACHERS CREDIT UNION 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 SPOKANE TEACHERS CREDIT UNION?
- The 990 for the year ended December 31, 2024 names Lindsey Myhre.
- Who are the officers and directors of SPOKANE TEACHERS CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 31 people; 31 received compensation from the organization, the highest $1,280,415 (Ezra Eckhardt, President and CEO).
- How much revenue does SPOKANE TEACHERS CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $343,405,605, expenses of $339,361,008 and total assets of $5,841,118,982 at year end.
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