Whatcom Educational Credit Union

Fiscal year ending 2024. Filed on May 2, 2025.

21 Bellwether Way 111
Bellingham, Washington 98225

Whatcom Educational Credit Union (EIN: 91-0712539), also known as Wecu, has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Whatcom Educational Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 15 out of 494 total employees. Among the employees shown here, the average compensation is $379,312. The highest compensated employee at Whatcom Educational Credit Union is Jennifer Kutcher with fiscal year 2024 compensation of $966,326.

Revenue, expenses, and employee compensation

Revenue

$166,494,738

Expenses

$154,291,742

Employee compensation

$50,614,019
Revenue, expenses, and employee compensation over time

Mission Statement

WHATCOM EDUCATIONAL CREDIT UNION (WECU) IS A NOT-FOR-PROFIT FINANCIAL COOPERATIVE WHERE MEMBERS ARE ENCOURAGED TO SAVE AND BORROW RESPONSIBLY AT FAIR AND COMPETITIVE RATES, IMPROVING THEIR FINANCIAL WELL-BEING AND STANDARD OF LIVING. THIS STATE-CHARTERED CREDIT UNION IS A MEMBER OF THE NATIONAL CREDIT UNION ADMINISTRATION SHARE INSURANCE FUND, AND IS REGULATED BY THE NATIONAL CREDIT UNION ASSOCIATION, AND THE STATE OF WASHINGTON DEPARTMENT OF FINANCIAL INSTITUTIONS - DIVISION OF CREDIT UNIONS. WECU'S MAIN PRODUCTS ARE CONSUMER LOANS, REAL ESTATE LOANS AND COMMERCIAL LOANS TO MEMBERS, WHICH ARE PRIMARILY FUNDED BY DEPOSITS FROM MEMBERS. FINANCIAL EDUCATION AND COMMUNITY SERVICE ARE ALSO AN INTEGRAL PART OF WECU'S OPERATIONS AND SPIRIT OF SERVICE.

Revisions to this organization profile

May 2, 2025:
2024 Whatcom Educational Credit Union 990 filed
May 9, 2024:
2023 Whatcom Educational Credit Union 990 filed
May 11, 2023:
2022 Whatcom Educational Credit Union 990 filed

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