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Organizations Public & Societal Benefit Whatcom Educational Credit Union

Whatcom Educational Credit Union

Fiscal year ending 2021. Filed on May 12, 2022.

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 2021 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 472 total employees. Among the employees shown here, the average compensation is $329,592. The highest compensated employee at Whatcom Educational Credit Union is Jennifer E Kutcher with fiscal year 2021 compensation of $807,506.

Revenue, expenses, and employee compensation

Revenue

$85,746,120

Expenses

$64,051,386

Employee compensation

$39,047,935
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jennifer E Kutcher
President and Chief Executive Officer and Treasurer
$807,506
$711,876 No related comp$95,630
Jeffrey R Dykstra
Executive Vice President
$448,911
$365,437 No related comp$83,474
Jack Ingram
Chief Information Officer
$432,247
$345,261 No related comp$86,986
Nicholas A Hodson
Chief Financial Officer
$375,581
$302,106 No related comp$73,475
Cynthia Chase Klein
Chief Human Resources Officer
$364,230
$285,135 No related comp$79,095
Erynne Maria Hallock
Vice President, Retail Delivery
$320,106
$254,795 No related comp$65,311
David Pierce Jones
Chief Marketing Officer
$288,979
$230,497 No related comp$58,482
Kent D Bouma
Vice President, Business Banking
$279,342
$231,744 No related comp$47,598
Matthew Henry Berendsen
Vice President, Lending
$265,149
$218,263 No related comp$46,886
David Dodge
Director, IT Infrastructure
$240,262
$180,112 No related comp$60,150
Aaron Heath Whitson
Credit Administrator
$231,964
$161,785 No related comp$70,179
Grant Dykstra
Business Banking Senior LOAN Officer
$227,363
$173,080 No related comp$54,283

Benchmark Employee Compensation

Non-Employee Board Members

Gabriel Mast
Secretary
$915
$915 No related compNo other comp
Cathie Oberg
Director
No compensation reported
Margo Hammond
Director
No compensation reported
Dale Zender
Director
No compensation reported
Carol Lager
Director
No compensation reported
Harte Bressler
Chair
No compensation reported
Kristi Lewis Tyran
Vice Chair
No compensation reported
David Waschke
Director
No compensation reported
Ashok Khanna
Director
No compensation reported

Contractors

Fiserv
Core Software System Provider
$1,542,926
Infoimage Inc.
Member Statement Processing
$1,326,962
Bankingon Inc.
Mobile Banking
$825,050
Strategic Resource Management
Consulting
$792,060
American Reporting Company LLC
Appraisal
$651,317

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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