Whatcom Educational Credit Union
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.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$3.0B
+6.9% YoY
Annual Giving
$222K
-15.1% YoY
Grant Count
12
+33.3% YoY
Avg Grant Size
$19K
-36.3% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,957,165,947 | $2,766,280,343 | $2,507,427,609 |
| Revenue | $166,494,738 | $138,092,209 | $98,737,059 |
| Expenses | $154,291,742 | $119,310,663 | $68,523,716 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $28,199,353 | $25,369,649 | $10,688,363 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
42 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Whatcom Educational Credit Union fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JENNIFER KUTCHER | PRESIDENT & CEO | 50 | $884,765 |
| JACK INGRAM | CHIEF INFORMATION OFFICER | 45 | $453,215 |
| JEFFREY DYKSTRA | EXECUTIVE VICE PRESIDENT | 45 | $451,454 |
| NICHOLAS HODSON | CHIEF FINANCIAL OFFICER | 45 | $383,666 |
| CYNTHIA CHASE KLEIN | CHIEF HUMAN RESOURCES OFFICER | 45 | $332,953 |
| ERYNNE MARIA HALLOCK | VICE PRESIDENT, RETAIL DELIVERY | 45 | $293,716 |
| MATTHEW HENRY BERENDSEN | VICE PRESIDENT, LENDING | 45 | $293,268 |
| GRANT DAVID DYKSTRA | BUSINESS BANKING SENIOR LOAN OFFICER | 40 | $281,706 |
| DAVID PIERCE JONES | CHIEF MARKETING OFFICER | 45 | $278,242 |
| KENT BOUMA | VICE PRESIDENT, BUSINESS BANKING | 45 | $289,575 |
| BOLORTSETSEG SMITH | VICE PRESIDENT, INTERNAL AUDIT | 40 | $223,880 |
| DONAVON LEE SWINNEY | DIRECTOR, INFORMATION SECURITY | 40 | $209,142 |
| DAVID LEROY DODGE | DIRECTOR, IT INFRASTRUCTURE | 40 | $200,403 |
| PAUL COVER | RE LOAN ORIGINATION OFFICER | 40 | $195,081 |
| KERRI LYN HELM | DIRECTOR, DIGITAL PRODUCTS | 40 | $200,157 |
| GABRIEL MAST | CHAIR | 4 | $36,871 |
| KURT WILLIS | VICE CHAIR | 4 | $32,066 |
| KRISTI LEWIS TYRAN | DIRECTOR | 4 | $30,263 |
| CAROL LAGER | SECRETARY | 4 | $28,900 |
| DALE ZENDER | DIRECTOR | 4 | $28,392 |
| ASHOK KHANNA | DIRECTOR | 4 | $25,150 |
| MARGO HAMMOND | DIRECTOR | 4 | $25,150 |
| STEPHANIE MORRELL | DIRECTOR | 4 | $25,150 |
| JOHN STERNLICHT | DIRECTOR | 4 | $18,934 |
| DAVID WASCHKE | DIRECTOR (THRU 6/30/24) | 4 | $12,432 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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