Kitsap Credit Union
Kitsap Credit Union is a member-owned, not-for-profit financial cooperative chartered in 1934. Originally established as Navy Yard Metal Trades Credit Union with seven members and $34 in assets, the organization has grown to serve communities across Washington State through 14-16 branches and approximately 325-330 employees. The credit union operates as a 501(c)(14) organization, providing a full range of modern banking services while maintaining its foundational commitment to member ownership and community reinvestment.
Key facts about Kitsap Credit Union
- EIN
- 91-0333066
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $354,196
- Grants made (2024)
- 8
- Average grant
- $44,275
- Median grant
- $13,013
- Total assets
- $2,320,371,924
- Primary geography
- Washington (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Kitsap Credit Union funds
By grant dollars, the top recipient states for Kitsap Credit Union's 8 itemized 2024 grants were Washington (100%). The most frequent recipient cities were Bremerton, WA (3 grants), Gig Harbor, WA (2 grants) and Silverdale, WA (2 grants). None of its 8 grants with a stated purpose were described as general or operating support. Recurring purposes include "Sponsorship" (7 grants).
How Kitsap Credit Union gives
- Giving held roughly steady from 2021 to 2024 (+6%). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Kitsap Credit Union
- How to evaluate Kitsap Credit Union as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3B
-2.0% YoY
Annual Giving
$354K
-24.0% YoY
Grant Count
8
-20.0% YoY
Avg Grant Size
$44K
-5.0% YoY
Mission & Focus Areas
Kitsap Credit Union's mission is to empower members and strengthen communities through trusted, personalized financial support. The organization operates on the principle of "people helping people," reinvesting earnings back to members through lower loan rates, competitive dividends on deposit products, and low or no-cost financial services.
Through its KCUCares Foundation, established in 2019, the credit union focuses on three primary impact areas:
Hunger: Supporting organizations addressing food insecurity through partnerships with food banks and food assistance programs, including Navy-Marine Corps Relief Society, Central Kitsap Food Bank, Bremerton Foodline, ShareNet Food Bank, Helpline House, Jefferson County Foodbank, South Kitsap Helpline, North Mason Food Bank, Puyallup Food Bank, Fishline, and Greater Gig Harbor Foundation.
Housing Insecurity: Addressing homelessness and the affordable housing crisis affecting individuals and families in the region.
Financial Wellbeing: Providing financial empowerment through free financial education, credit counseling, and tools to help members build strong financial futures.
Grantmaking
Kitsap Credit Union received a $900,000 Community Development Financial Institution (CDFI) grant to support rural women-owned businesses, demonstrating the organization's commitment to targeted community development initiatives.
Ready to take the next step with Kitsap Credit Union?
Geographic Focus
Where this funder awards grants
Kitsap Credit Union serves communities across Washington State, with branch locations in Jefferson, Kitsap, Mason, and Pierce Counties. Membership eligibility is open to people who live and work in Washington State. The organization's community support extends throughout these regions and beyond.
Grant Distribution by State
Share of all 8 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2023:
- Total Revenue: $136 million
- Total Expenses: $127 million
- Total Assets: $2.37 billion
- Total Liabilities: $2.24 billion
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,320,371,924 | $2,368,604,375 | $2,255,075,377 |
| Revenue | $153,721,471 | $135,974,513 | $104,047,497 |
| Expenses | $148,184,524 | $127,345,815 | $82,914,598 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $10,653,653 | $10,336,516 | $11,583,487 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
97 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Kcu Cares Foundation ($250,988), Harbor Soccer Club ($28,633), Greater Kitsap Chamber ($17,750).
| Recipient | Purpose | Amount |
|---|---|---|
| KCU CARES FOUNDATION Bremerton, WA | TO FUND EFFORTS THAT PROVIDE FOOD, SHELTER, & THE STEPPINGSTONES TO FINANCIAL WELLBEING | $250,988 |
| HARBOR SOCCER CLUB Gig Harbor, WA | SPONSORSHIP | $28,633 |
| GREATER KITSAP CHAMBER Silverdale, WA | SPONSORSHIP | $17,750 |
| KITSAP BUILDING ASSOCIATION Bremerton, WA | SPONSORSHIP | $14,025 |
| BLACKBERRY FESTIVAL Bremerton, WA | SPONSORSHIP | $12,000 |
| GIG HARBOR CHAMBER OF COMMERCE Gig Harbor, WA | SPONSORSHIP | $10,800 |
| KITSAP FAIR & STAMPEDE ASSOCIATION Silverdale, WA | SPONSORSHIP | $10,000 |
| WWU FOUNDATION Bellingham, WA | SPONSORSHIP | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Shawn Gilfedder serves as President & CEO of Kitsap Credit Union.
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Shawn Gilfedder | President/CEO | 40 | $959,929 |
| Kellie D Letexier | SVP COO | 40 | $405,436 |
| Trevor Stuart | SVP CFO | 40 | $390,960 |
| Simon Powley | Chief Revenue Officer | 40 | $379,785 |
| Scott Lindley | SVP CIO | 40 | $365,835 |
| Anthony G Bulleri | SVP Clo | 40 | $368,373 |
| Paula C Edelstein | SVP Cpo | 40 | $338,671 |
| Sean Cummings | VP, Sales (Thru 11/24) | 40 | $328,132 |
| Eric Crabtree | Chief Digital Strategist | 40 | $228,453 |
| Jason Elliott | VP Finance | 40 | $218,323 |
| Andrew E Voorhies | VP Info. Technology (Thru 12/24) | 40 | $199,878 |
| Mark Gault | VP Strategic Planning | 40 | $199,012 |
| Laura J Enquist | VP Member Experience | 40 | $195,965 |
| Mike Goonewardene | Vice Chair | 8 | $30,000 |
| Susan Baker | Chair | 8 | $23,645 |
| Wendy Johnson | Vice Chair | 8 | $20,000 |
| Jim Rowson | Treasurer | 8 | $20,000 |
| Vicki Gambrell | Director | 8 | $20,000 |
| Susan Siobhan Canty | Director | 5 | $17,500 |
| Karen Holmes | Secretary | 5 | $15,000 |
| Vasuma Sargent | Director | 8 | $8,339 |
| Matthew Ellsworth | Director | 8 | $8,114 |
Recent News & Activity
Recent developments and announcements
In October 2025, Kitsap Credit Union became the first credit union in Washington State to receive approval from the Department of Financial Institutions to make an equity investment under newly expanded authority (RCW 31.12.436). The organization invested in D8TAOPS, Inc., an enterprise-ready AI and data orchestration company based in Beaverton, Oregon, through a design partnership aimed at modernizing operations, increasing efficiency, and enhancing member experience through intelligent systems and real-time data tools.
Kitsap Credit Union receives $900,000 CDFI grant to support rural ...The credit union is scheduled to hold its 92nd Annual Meeting virtually on Monday, March 30th, 2026 at 6:30pm.
Kitsap Credit Union receives $900,000 CDFI grant to support rural ...Frequently Asked Questions
What does Kitsap Credit Union fund?
Kitsap Credit Union's mission is to empower members and strengthen communities through trusted, personalized financial support. The organization operates on the principle of "people helping people," reinvesting earnings back to members through lower loan rates, competitive dividends on deposit products, and low or no-cost financial services. Through its KCUCares Foundation, established in 2019, the credit union focuses on three primary impact areas: **Hunger:** Supporting organizations addressi…
How do I apply for a grant from Kitsap Credit Union?
Kitsap Credit Union received a $900,000 Community Development Financial Institution (CDFI) grant to support rural women-owned businesses, demonstrating the organization's commitment to targeted community development initiatives. The KCUCares Foundation serves as the primary vehicle for the credit union's philanthropic activities, funding efforts that provide food, shelter, and stepping stones to financial wellbeing while inspiring community participation in charitable work.
Where does Kitsap Credit Union make grants?
Kitsap Credit Union serves communities across Washington State, with branch locations in Jefferson, Kitsap, Mason, and Pierce Counties. Membership eligibility is open to people who live and work in Washington State. The organization's community support extends throughout these regions and beyond.
What size grants does Kitsap Credit Union award?
In 2024, Kitsap Credit Union awarded 8 grants totaling $354K — an average of about $44K per grant, based on its IRS Form 990 filings.
What is Kitsap Credit Union's EIN?
Kitsap Credit Union's EIN (Employer Identification Number) is 91-0333066. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in Kitsap Credit Union's focus areas in our free grants database
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.