Nonprofit · EIN 91-0587877
INDUSTRIAL CREDIT UNION OF WHATCOM COUNTY
Tax-exempt · BELLINGHAM, WA 98225
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $27,826,071 | $25,317,311 | $2,508,760 | $388,442,990 | $356,456,843 | $31,986,147 |
| December 31, 2024 | 990 | $27,591,403 | $26,659,980 | $931,423 | $389,432,803 | $361,305,469 | $28,127,334 |
| December 31, 2023 | 990 | $27,349,978 | $27,951,977 | -$601,999 | $380,307,548 | $353,358,102 | $26,949,446 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $625,000
- of which government grants
- $625,000
- Program service revenue
- $23,138,803
- Investment income
- $4,056,268
- Net rental income
- $6,000
- Net gain from sales of assets
- -$467,953
- Other revenue
- $6,000
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,131,849
- Other salaries and wages
- $6,659,759
- Salaries, compensation and benefits (total)
- $9,985,302
- Professional fundraising fees
- $0
- Legal fees
- $57,824
- Accounting fees
- $189,272
- Occupancy
- $645,549
- Travel
- $54,804
- Depreciation
- $762,585
Balance sheet and other
- Total assets, start of year
- $389,432,803
- Total assets, end of year
- $388,442,990
- Total liabilities, end of year
- $356,456,843
- Net assets, end of year
- $31,986,147
- Land, buildings and equipment
- $6,765,874
- Publicly traded securities
- $404,779
- Gross receipts
- $30,813,441
- Employees
- 128
- Volunteers
- 10
- Year formed
- 1941
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brandon Hahnel | President/CEO Officer, Key employee, Highest-paid employee | 45 | $408,151 |
| Richard Holcomb | VP/Finance Officer, Key employee | 40 | $178,553 |
| BJ Van Leeuwen | VP/Lending Officer, Key employee | 40 | $166,954 |
| Dain Stevens | VP/Digital Services Officer, Key employee | 40 | $164,948 |
| Vickie Skelton | VP/Operations Officer, Key employee | 45 | $161,037 |
| Andy Thom | VP/IT Key employee | 45 | $143,844 |
| Corey Vincent | Senior Developer Key employee | 40 | $135,070 |
| Ashley Walker | Mortgage Program Manager Key employee | 40 | $128,034 |
| David Enertsen | Director Enterprise Applications Key employee | 40 | $108,424 |
| Chris Juchmes | Mortgage Loan Officer Key employee | 45 | $108,257 |
| Harold Henkel | Board of Director/Secretary Trustee or director | 1 | $2,200 |
| Matthew Cooper | Supervisory Committee Trustee or director | 1 | $2,200 |
| Nikole Knauft | Board of Directors / Chair Trustee or director | 2 | $2,000 |
| Michael Ashby | Board Vice Chair Trustee or director | 1 | $2,000 |
| Areti Kinser | Supervisory Committee Chair Trustee or director | 1 | $2,000 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Melissa Johnston | Board of Director Trustee or director | 1 | $1,800 |
| Stan Godek | Board of Director Trustee or director | 1 | $1,800 |
| Devin Davolio | Board of Director Trustee or director | 1 | $1,600 |
| Bonnie Drafs | Supervisory Committee Trustee or director | 1 | $1,600 |
| Rich Maricle | Board of Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 23 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brandon Hahnel | President/CEO Officer, Key employee, Highest-paid employee | 45 | $393,419 |
| Richard Holcomb | VP/Finance Officer, Key employee | 45 | $167,333 |
| BJ Van Leeuwen | VP/Lending Officer, Key employee | 45 | $159,034 |
| Vickie Skelton | VP/Operations Officer, Key employee | 45 | $150,019 |
| Andy Thom | VP/IT Key employee | 40 | $132,939 |
| Denise Pethick | VP/Human Resources Former | 40 | $132,283 |
| Dain Stevens | VP/Digital Services Officer, Key employee | 45 | $127,365 |
| Ashley Walker | Mortgage Program Manager Key employee | 45 | $119,228 |
| Corey Vincent | Business Intelligence Developer Key employee | 45 | $117,711 |
| Kessa Volland | Director of Marketing Key employee | 45 | $109,174 |
| Annie Johnson | Director/Compliance Key employee | 45 | $103,749 |
| David Enertsen | Director Enterprise Applications Key employee | 45 | $100,539 |
| Harold Henkel | Board of Director/Secretary Trustee or director | 1 | $2,200 |
| Matthew Cooper | Supervisory Committee Trustee or director | 1 | $2,200 |
| Michael Ashby | Board Chair Trustee or director | 2 | $2,000 |
| Nikole Knauft | Board of Director/Vice Chair Trustee or director | 1 | $2,000 |
| Areti Moulares | Supervisory Committee Chair Trustee or director | 2 | $2,000 |
| Melissa Johnston | Board of Director Trustee or director | 1 | $1,800 |
| Stan Godek | Board of Director Trustee or director | 1 | $1,800 |
| Bonnie Drafs | Supervisory Committee Trustee or director | 1 | $1,600 |
| Dennis McGrew | Board of Director Former | 1 | $1,600 |
| Lauren Johnson | Board of Director Trustee or director | 1 | $800 |
| Rich Maricle | Board of Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brandon Hahnel | President/CEO Officer, Key employee, Highest-paid employee | 45 | $352,680 |
| Richard Holcomb | VP/Finance Officer, Key employee | 45 | $160,486 |
| BJ Van Leeuwen | VP/Lending Officer, Key employee | 45 | $150,326 |
| Vickie Skelton | VP/Operations Officer, Key employee | 45 | $148,658 |
| Andy Thom | VP/IT Key employee | 45 | $125,096 |
| Denise Pethick | VP/Human Resources Key employee | 45 | $124,773 |
| Dain Stevens | VP/Digital Services Key employee | 45 | $119,171 |
| Corey Vincent | Business Intelligence Developer Key employee | 45 | $111,865 |
| Kessa Volland | Director of Marketing Key employee, Highest-paid employee | 45 | $104,175 |
| Dave Ross | Director / Business Development Key employee | 45 | $104,136 |
| Annie Johnson | Director/Compliance Key employee | 45 | $101,706 |
| Dennis McGrew | Board of Director Trustee or director | 1 | $2,400 |
| Michael Ashby | Board Vice Chair Trustee or director | 1 | $2,400 |
| Harold Henkel | Board of Director Trustee or director | 1 | $2,400 |
| Melissa Johnston | Board of Director Trustee or director | 1 | $2,200 |
| Nikole Knauft | Board of Director Trustee or director | 1 | $2,200 |
| Stan Godek | Board of Director Trustee or director | 1 | $2,200 |
| Areti Moulares | Supervisory Committee Chair Trustee or director | 1 | $2,000 |
| Bonnie Drafs | Supervisory Committee Trustee or director | 1 | $1,800 |
| Matthew Cooper | Supervisory Committee Trustee or director | 1 | $1,400 |
| Rick Maricle | Board Chair Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 3233 NORTHWEST AVE, BELLINGHAM, WA 98225-1317
- Mailing address (990-N for 2025)
- 351 Tremont Ave Apt 101, Bellingham WA 98226
- Principal officer (990 for 2025)
- Brandon Hahnel, PO Box 1767, BELLINGHAM, WA 98227
- Principal officer (990-N for 2025)
- Kirsten Kaiser, 351 Tremont Ave Apt 101, Bellingham WA 98226
- Signed the 990
- Richard Holcomb, VP of Finance
- Phone
- (360) 734-2043
- Website
- WWW.INDUSTRIALCU.COM
Mission
Providing financial services to 33,218 members which includes but is not limited to loans and savings programs. These services are provided by 10 volunteers and 108 full and part time employees.
Program accomplishments
- Providing financial services to 33,218 members which includes but is not limited to loans and savings programs. These services are provided by 10 volunteers and 108 full and part time employees.Expenses $25,317,311 · revenue $27,826,071
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 91-0587877
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1954
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Group exemption
- 1269: CREDIT UNIONS IN THE STATE OF WASHINGTON
- Assets (IRS master file)
- $388,442,990
- Income (IRS master file)
- $30,813,441
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Kirsten Kaiser | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2025 | $27,826,071 | $25,317,311 | $388,442,990 | XML |
| 990-N for 2024 Officer: Kirsten Kaiser | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2024 | $27,591,403 | $26,659,980 | $389,432,803 | IRS |
| 990-N for 2023 Officer: WFSE Treasurer | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2023 | $27,349,978 | $27,951,977 | $380,307,548 | XML |
| 990 | December 2022 | $22,987,769 | $20,977,088 | $400,566,413 | 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 91-0587877).
Questions about INDUSTRIAL CREDIT UNION OF WHATCOM COUNTY
- What is the EIN of INDUSTRIAL CREDIT UNION OF WHATCOM COUNTY?
- The employer identification number (EIN) of INDUSTRIAL CREDIT UNION OF WHATCOM COUNTY is 91-0587877.
- Is INDUSTRIAL CREDIT UNION OF WHATCOM COUNTY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1954.
- Are donations to INDUSTRIAL CREDIT UNION OF WHATCOM COUNTY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INDUSTRIAL CREDIT UNION OF WHATCOM COUNTY file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of INDUSTRIAL CREDIT UNION OF WHATCOM COUNTY due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDUSTRIAL CREDIT UNION OF WHATCOM COUNTY last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of INDUSTRIAL CREDIT UNION OF WHATCOM COUNTY?
- The 990 for the year ended December 31, 2025 names Brandon Hahnel.
- Who are the officers and directors of INDUSTRIAL CREDIT UNION OF WHATCOM COUNTY?
- The 990 for the year ended December 31, 2025 lists 20 people; 19 received compensation from the organization, the highest $408,151 (Brandon Hahnel, President/CEO).
- How much revenue does INDUSTRIAL CREDIT UNION OF WHATCOM COUNTY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $27,826,071, expenses of $25,317,311 and total assets of $388,442,990 at year end.
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