Compensation 990

Kitsap Credit Union

Fiscal year ending 2024. Filed on October 28, 2025.

155 Washington Avenue
Bremerton, Washington 98337

Kitsap Credit Union (EIN: 91-0333066) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Kitsap Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 13 out of 406 total employees. Among the employees shown here, the average compensation is $371,649. The highest compensated employee at Kitsap Credit Union is Shawn Gilfedder with fiscal year 2024 compensation of $986,092.

Revenue, expenses, and employee compensation

Revenue

$153,721,471

Expenses

$148,184,524

Employee compensation

$37,481,158
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋12.5%vs 2023
Shawn Gilfedder
President and Chief Executive Officer
$986,092
$959,929 from orgNo related comp$26,163 other
＋2.3%vs 2023
Kellie D Letexier
Senior Vice President and Chief Operating Officer
$428,044
$405,436 from orgNo related comp$22,608 other
＋3.3%vs 2023
Trevor Stuart
Senior Vice President and Chief Financial Officer
$410,529
$390,960 from orgNo related comp$19,569 other
＋2663.7%vs 2023
Simon Powley
Chief Revenue Officer
$397,555
$379,785 from orgNo related comp$17,770 other
＋1.5%vs 2023
Scott Lindley
Senior Vice President and Chief Information Officer
$392,288
$365,835 from orgNo related comp$26,453 other
＋1.8%vs 2023
Anthony G Bulleri
Senior Vice President and CLO
$384,571
$368,373 from orgNo related comp$16,198 other
＋31.0%vs 2023
Paula C Edelstein
Senior Vice President CPO
$364,903
$338,671 from orgNo related comp$26,232 other
＋36.5%vs 2023
Sean Cummings
Vice President, Sales (Thru 11/24)
$349,264
$328,132 from orgNo related comp$21,132 other
＋17.1%vs 2023
Eric Crabtree
Chief Digital Strategist
$246,081
$228,453 from orgNo related comp$17,628 other
New in 2024
Jason Elliott
Vice President, Finance
$229,210
$218,323 from orgNo related comp$10,887 other
＋10.5%vs 2023
Andrew E Voorhies
Vice President INFO Technology (Thru 12/24)
$220,028
$199,878 from orgNo related comp$20,150 other
＋4.7%vs 2022
Mark Gault
Vice President, Strategic Planning
$214,950
$199,012 from orgNo related comp$15,938 other

Non-Employee Board Members

＋71.4%vs 2023
Mike Goonewardene
Vice Chair
$30,000
$30,000 from orgNo related compNo other comp
＋31.9%vs 2023
Susan Baker
Chair
$23,645
$23,645 from orgNo related compNo other comp
±0%vs 2023
Wendy Johnson
Vice Chair
$20,000
$20,000 from orgNo related compNo other comp
＋13.5%vs 2023
Vicki Gambrell
Director
$20,000
$20,000 from orgNo related compNo other comp
－1.9%vs 2023
Jim Rowson
Treasurer
$20,000
$20,000 from orgNo related compNo other comp
±0%vs 2023
Susan Siobhan Canty
Director
$17,500
$17,500 from orgNo related compNo other comp
±0%vs 2023
Karen Holmes
Secretary
$15,000
$15,000 from orgNo related compNo other comp
New in 2024
Vasuma Sargent
Director
$8,339
$8,339 from orgNo related compNo other comp
New in 2024
Matthew Ellsworth
Director
$8,114
$8,114 from orgNo related compNo other comp

Mission Statement

A NOT-FOR-PROFIT FINANCIAL COOPERATIVE OFFERING CHECKING, SAVINGS AND LENDING PROGRAMS AND RELATED SERVICES TO MEMBERS WHO PRIMARILY LIVE, WORK, OR WORSHIP IN THE STATE OF WASHINGTON. KITSAP CREDIT UNION (KCU) ALSO PROVIDES FINANCIAL LITERACY PROGRAMS AND IS ACTIVELY INVOLVED IN COMMUNITY OUTREACH PROGRAMS.

Revisions to this organization profile

October 28, 2025:
2024 Kitsap Credit Union 990 filed
November 13, 2024:
2023 Kitsap Credit Union 990 filed
November 2, 2023:
2022 Kitsap Credit Union 990 filed

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