Nonprofit · EIN 93-0163693
SELCO COMMUNITY CREDIT UNION
Tax-exempt · SPRINGFIELD, OR 97477
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $159,490,682 | $138,607,145 | $20,883,537 | $2,772,150,576 | $2,494,120,075 | $278,030,501 |
| December 31, 2023 | 990 | $139,819,159 | $121,694,355 | $18,124,804 | $2,727,247,560 | $2,473,105,006 | $254,142,554 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $115,442,719
- Investment income
- $29,589,886
- Net rental income
- $29,402
- Net gain from sales of assets
- -$87,983
- Other revenue
- $14,458,077
Expenses
- Grants and similar amounts paid
- $78,692
- Compensation of officers, directors and key employees
- $6,232,159
- Other salaries and wages
- $35,536,842
- Salaries, compensation and benefits (total)
- $54,112,253
- Professional fundraising fees
- $0
- Legal fees
- $7,278
- Accounting fees
- $207,510
- Occupancy
- $3,611,404
- Travel
- $262,174
Balance sheet and other
- Total assets, start of year
- $2,727,247,560
- Total assets, end of year
- $2,772,150,576
- Total liabilities, end of year
- $2,494,120,075
- Net assets, end of year
- $278,030,501
- Land, buildings and equipment
- $42,002,496
- Publicly traded securities
- $503,727,059
- Gross unrelated business income
- $629,557
- Gross receipts
- $160,818,842
- Employees
- 536
- Volunteers
- 10
- Year formed
- 1936
- State of legal domicile
- OR
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 |
|---|---|---|---|---|
| J ROBERT NEWCOMB | CEO AND SECRETARY Officer | 60 | $4,559,046 | $47,388 |
| CRAIG CARPENTER | SVP LENDING & BUSINESS BANKING Key employee | 50 | $929,264 | $35,595 |
| TIFFANY WASHINGTON | EVP FINANCE & OPERATIONS & TREASURER Officer | 50 | $499,132 | $36,975 |
| KIRK LETOURNEAU | SVP INFORMATION SERVICES AND TECH Highest-paid employee | 50 | $391,957 | $35,595 |
| STEVEN MCINTIRE | SVP ENTERPRISE RISK & GEN. COUNSEL Highest-paid employee | 50 | $384,490 | $35,595 |
| MICHAEL DONACA | VP COMMERCIAL & BUSINESS BANKING Highest-paid employee | 45 | $277,503 | $22,775 |
| MICHAEL SAULEY | VP CONSUMER LENDING Highest-paid employee | 45 | $260,239 | $32,441 |
| AILENE MANION | VP MEMBER EXPERIENCE Highest-paid employee | 45 | $250,768 | $33,374 |
| CAROL BECKLEY | PRESIDENT/CHAIRPERSON Trustee or director, Officer | 3 | $27,500 | $0 |
| TONY SAXMAN | VICE PRESIDENT/VICE CHAIRPERSON Trustee or director, Officer | 2 | $25,732 | $0 |
| CURT HEIMULLER | DIRECTOR Trustee or director | 2 | $25,695 | $0 |
| JIM ANTONINI | DIRECTOR Trustee or director | 2 | $22,917 | $0 |
| TAMMI MILLER | DIRECTOR Trustee or director | 2 | $22,917 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| J Robert Newcomb | CEO and Secretary Officer | 60 | $4,025,290 | $45,934 |
| Tiffany Washington | EVP Finance & Operations and Treasurer Officer | 50 | $474,963 | $34,662 |
| Craig Carpenter | SVP Lending & Business Banking Key employee | 50 | $386,743 | $34,662 |
| Steven McIntire | SVP Enterprise Risk & General Counsel Highest-paid employee | 50 | $385,110 | $34,662 |
| Kirk Letourneau | SVP Information Services and Technology Highest-paid employee | 50 | $377,577 | $37,398 |
| Michael Donaca | VP Commercial & Business Banking Highest-paid employee | 45 | $259,382 | $21,053 |
| Ailene Manion | VP Member Experience Highest-paid employee | 45 | $246,241 | $34,153 |
| Michael Sauley | VP Consumer Lending Highest-paid employee | 45 | $241,362 | $30,449 |
| Carol Beckley | President/Chairperson Trustee or director, Officer | 3 | $0 | $0 |
| Jim Lindley | VP/Vice Chair thru January 2023 Trustee or director, Officer | 2 | $0 | $0 |
| Tony Saxman | Vice President/Vice Chairperson Trustee or director, Officer | 2 | $0 | $0 |
| Curt Heimuller | Director Trustee or director | 2 | $0 | $0 |
| Jim Antonini | Director Trustee or director | 2 | $0 | $0 |
| Kay LeFrancq | Director thru January 2023 Trustee or director | 2 | $0 | $0 |
| Tammi Miller | Director Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 110 INTERNATIONAL WAY, SPRINGFIELD, OR 97477-1034
- Principal officer (990 for 2024)
- J ROBERT NEWCOMB, PO BOX 7487, SPRINGFIELD, OR 97475
- Signed the 990
- TIFFANY WASHINGTON, CEO
- Phone
- (541) 686-8000
- Website
- WWW.SELCO.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
SELCO STRIVES TO PROVIDE FINANCIAL SERVICES THAT IMPROVE OUR MEMBERS' SOCIAL AND ECONOMIC CONDITION.
Program accomplishments
- THE CREDIT UNION PAID OVER $48 MILLION IN DIVIDENDS TO MEMBERS. DEPOSIT ACCOUNTS INCLUDE SAVINGS, CHECKING, MONEY MARKET ACCOUNTS AND CERTIFICATES OF DEPOSIT. AS OF DECEMBER 31, 2024, DEPOSITS TOTALED $2.5 BILLION.
- THE CREDIT UNION DISBURSED OVER $496 MILLION IN NEW LOANS TO MEMBERS. LOANS INCLUDE AUTO, HOME MORTGAGE, HOME EQUITY, CREDIT CARD, AND BUSINESS LOANS. AT DECEMBER 31, 2024, LOANS OUTSTANDING TOTALED $1.9 BILLION.
- DURING 2024, THE CREDIT UNION PROVIDED FINANCIAL PLANNING SERVICES TO APPROXIMATELY 2,700 MEMBERS WITH ASSETS UNDER MANAGEMENT OF $420 MILLION.
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
- 93-0163693
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 0728: STATE CHARTERED CREDIT UNIONS IN OREGON
- Assets (IRS master file)
- $2,772,150,576
- Income (IRS master file)
- $160,818,842
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $159,490,682 | $138,607,145 | $2,772,150,576 | IRS |
| 990 | December 2023 | $139,819,159 | $121,694,355 | $2,727,247,560 | XML |
| 990 | December 2022 | $104,765,666 | $72,182,994 | $2,552,976,468 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 93-0163693).
Questions about SELCO COMMUNITY CREDIT UNION
- What is the EIN of SELCO COMMUNITY CREDIT UNION?
- The employer identification number (EIN) of SELCO COMMUNITY CREDIT UNION is 93-0163693.
- Is SELCO COMMUNITY CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1944.
- Are donations to SELCO COMMUNITY CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SELCO COMMUNITY 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 SELCO COMMUNITY 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 SELCO COMMUNITY 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 SELCO COMMUNITY CREDIT UNION?
- The 990 for the year ended December 31, 2024 names J ROBERT NEWCOMB.
- Who are the officers and directors of SELCO COMMUNITY CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 13 people; 13 received compensation from the organization, the highest $4,559,046 (J ROBERT NEWCOMB, CEO AND SECRETARY).
- How much revenue does SELCO COMMUNITY CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $159,490,682, expenses of $138,607,145 and total assets of $2,772,150,576 at year end.
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