Nonprofit · EIN 91-0567788
CREDIT UNIONS IN THE STATE OF WASHINGTON
Also known as HORIZON CREDIT UNION
Tax-exempt · SPOKANE VALLEY, WA 99216
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $116,805,788 | $112,911,982 | $3,893,806 | $2,009,971,093 | $1,765,415,527 | $244,555,566 |
| December 31, 2023 | 990 | $110,218,528 | $104,836,061 | $5,382,467 | $2,055,277,728 | $1,814,821,990 | $240,455,738 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $107,579,300
- Investment income
- $9,199,373
- Net rental income
- $27,115
- Net gain from sales of assets
- -$71,134
- Other revenue
- $27,115
Expenses
- Grants and similar amounts paid
- $153,019
- Compensation of officers, directors and key employees
- $1,997,563
- Other salaries and wages
- $26,170,589
- Salaries, compensation and benefits (total)
- $38,990,809
- Professional fundraising fees
- $0
- Legal fees
- $637,082
- Accounting fees
- $122,952
- Occupancy
- $2,479,980
- Travel
- $164,054
- Depreciation
- $3,798,277
Balance sheet and other
- Total assets, start of year
- $2,055,277,728
- Total assets, end of year
- $2,009,971,093
- Total liabilities, end of year
- $1,765,415,527
- Net assets, end of year
- $244,555,566
- Land, buildings and equipment
- $49,267,976
- Gross unrelated business income
- $170,127
- Gross receipts
- $122,913,352
- Employees
- 498
- Volunteers
- 13
- Year formed
- 1947
- 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 |
|---|---|---|---|---|
| JEFF ADAMS | CEO Officer | 40 | $894,363 | $58,145 |
| DEBORAH PARELIUS | CFO Officer | 40 | $471,243 | $52,145 |
| MARK NEUMANN | COO Officer | 40 | $472,628 | $49,038 |
| BRIAN GRYTDAL | SENIOR VP, MARKETING Highest-paid employee | 40 | $359,667 | $45,094 |
| GREG CRARY | SENIOR VP, INFORMATION SER Highest-paid employee | 40 | $348,175 | $56,204 |
| JODIE OLSON | SENIOR VP, HUMAN RESOURCES Highest-paid employee | 40 | $352,646 | $46,634 |
| JOHN COTNER | VP, LENDING Highest-paid employee | 40 | $216,577 | $33,822 |
| DEBRA EVANS | MARKET AREA LEADER Highest-paid employee | 40 | $218,511 | $17,481 |
| STEVE SHARON | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| MIKE BUTLER | 1ST VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MARK LODINE | 2ND VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DARIN BURRELL | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| PAT FITZGERALD | SECRETARY/TREASURER (THRU 05/2024) Trustee or director, Officer | 1 | $0 | $0 |
| PAT MARLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS DILUZIO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RENN SALO | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFF ADAMS | CEO Officer | 40 | $6,111,461 | $55,334 |
| MARK NEUMANN | COO Officer | 40 | $469,660 | $46,281 |
| DEBORAH PARELIUS | CFO Officer | 40 | $465,986 | $49,497 |
| GREG CRARY | SENIOR VP, INFORMATION SER Highest-paid employee | 40 | $342,928 | $51,617 |
| JODIE OLSON | SENIOR VP, HUMAN RESOURCES Highest-paid employee | 40 | $339,739 | $43,739 |
| BRIAN GRYTDAL | SENIOR VP, MARKETING Highest-paid employee | 40 | $338,480 | $38,360 |
| JOHN COTNER | VP, LENDING Highest-paid employee | 40 | $209,153 | $32,763 |
| STEFANIE ROBINSON | VP, MARKETING Highest-paid employee | 40 | $191,607 | $26,617 |
| STEVE SHARON | CHAIRMAN OF BOARD Trustee or director, Officer | 1 | $0 | $0 |
| MIKE BUTLER | 1ST VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MARK LODINE | 2ND VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| PAT FITZGERALD | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DARIN BURRELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS DILUZIO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAT MARLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 13224 E MANSFIELD AVE, SPOKANE VALLEY, WA 99216-1661
- Principal officer (990 for 2024)
- JEFF ADAMS, PO BOX 15128, SPOKANE VALLEY, WA 99216
- Signed the 990
- JEFF ADAMS, CEO
- Phone
- (509) 928-6494
- Website
- WWW.HZCU.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES.
Program accomplishments
- PROVIDE FINANCIAL SERVICES TO APPROXIMATELY 110,250 MEMBERS. THESE SERVICES INCLUDE BUT ARE NOT LIMITED TO LOANS AND SAVINGS PROGRAMS. THE SERVICES ARE PROVIDED BY AT LEAST 13 NON-PAID VOLUNTEERS AND APPROXIMATELY 367 FULL-TIME PAID EMPLOYEES.
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
- 91-0567788
- 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)
- $2,009,971,093
- Income (IRS master file)
- $122,913,352
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $116,805,788 | $112,911,982 | $2,009,971,093 | IRS |
| 990 | December 2023 | $110,218,528 | $104,836,061 | $2,055,277,728 | XML |
| 990 | December 2022 | $83,502,229 | $70,718,987 | $2,076,980,376 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 91-0567788).
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 91-0567788.
- 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 JEFF ADAMS.
- Who are the officers and directors of CREDIT UNIONS IN THE STATE OF WASHINGTON?
- The 990 for the year ended December 31, 2024 lists 16 people; 8 received compensation from the organization, the highest $894,363 (JEFF ADAMS, 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 $116,805,788, expenses of $112,911,982 and total assets of $2,009,971,093 at year end.
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