INDUSTRIAL CREDIT UNION OF WHATCOM COUNTY

BELLINGHAM, WA | Whatcom County
Economic Development

Overview

INDUSTRIAL CREDIT UNION OF WHATCOM COUNTY
91-0587877
3233 NORTHWEST AVE
BELLINGHAM, WA 98225
Whatcom County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Economic Development
Nonprofit location info
  • LMI Census Tract
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
-

Not reported

IRS Activity Codes info
922
Endowment fund or financial services
921
Loans or credit reporting
-
Not reported
Standard Business Classification (NAICS Code) info
-
Not reported

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
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Awards & Certifications info
Community Development Financial Institution info
Date Certified info
-
Native American CDFI info
N
Financial Institution Type info
Credit Union
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2014
$1,996,000
CDFI Financial Assistance
2011
$1,500,000
CDFI Financial Assistance
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$16.7M
Revenue
$16.7M
Assets
$307.6M
Exempt Ruling Date info
1954-07
Deductibility Status info
Not Deductible
Last Tax Filing info
2020
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Subordinate Organization
States Where Tax Return is Filed info
WA
Basis for Foundation/Public Charity Status info
All organizations except 501(c)(3)

Nonprofit Location

Physical Address info
3233 NORTHWEST AVE
BELLINGHAM, WA 98225
Whatcom County
FIPS Geocoded Address info
13380
MSA/CBSA info
53
State info
073
County info
0003.00
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
Bellingham, WA
Combined Statistical Area info
Not located in a CSA.
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 31.71%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0003.00 Whatcom County
Population
Total Population 8,653 224,538
Total Households 3,428 88,978
Income
Median Family Income (Census*) $51,732 $65,420
Median Family Income (2019 FFIEC) $79,100 N/A
Tract Income Percentage 75.65% N/A
Below Poverty Level 24.2% 13.9%
Unemployment Level 9.3% 5.2%
Housing
Total Housing Units 3,475 98,000
Total Owner-Occupied Units 34.0% 62.2%
Total Renter-Occupied Units 64.6% 37.8%
Total Vacant Units 1.4% 3.8%
* Census tract income based on 2019 Census estimated data; County income based on 2020 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

8
Total Voting Members
in Governing Body
info
8
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Richard Holcomb
VP of Finance
(360) 734-2043
Principal Officer info
Brandon Hahnel
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.