VERITY CREDIT UNION | CREDIT UNIONS IN THE STATE OF WASHINGTON

SEATTLE, WA | King County
Mission-Driven Bank or Credit Union
VERITY CREDIT UNION | CREDIT UNIONS IN THE STATE OF WASHINGTON
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

VERITY CREDIT UNION | CREDIT UNIONS IN THE STATE OF WASHINGTON
91-0219005
11027 MERIDIAN AVE N STE 102
SEATTLE, WA 98133
King County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Mission-Driven Bank or Credit Union
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Organization
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
Mission-Driven Bank or Credit Union
Bank or credit union that has been certified by the U.S. Treasury as a Community Development Financial Institution.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
Not reported
Native American CDFI info
N
Financial Institution Type info
Credit Union
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$50.4M
Revenue
$35.8M
Assets
$786.3M

IRS Business Master File Details info

As of November 2022 Update
Exempt Ruling Date info
1954-07
Deductibility Status info
Not Deductible
Last Tax Filing info
2021
Organization Type info
Association
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
Basis for Foundation/Public Charity Status info
All organizations except 501(c)(3)

IRS Publication 78 Details info

As of January 2023
Verified in Publication 78 info
No
Deductibility Limitation info
Not reported
Organization Description info
Not reported

Nonprofit Location

Physical Address info
11027 MERIDIAN AVE N STE 102
SEATTLE, WA 98133
King County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
42644
MSA/MD info
53
State info
033
County info
0006.02
Tract info
Middle
Income Level info
Core-Based Statistical Area info
42660 - Seattle-Tacoma-Bellevue, WA
Combined Statistical Area info
500 - Seattle-Tacoma, WA
Metropolitan Division info
42644 - Seattle-Bellevue-Kent, WA
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 47.93%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0006.02 King County
Population
Total Population 4,006 2,240,876
Total Households 1,515 902,308
Income
Median Family Income (Census*) $95,570 $106,326
Median Family Income (2022 FFIEC est.) $134,600 N/A
Tract Income Percentage 81.78% N/A
Below Poverty Level 12.6% 8.4%
Unemployment Level 3.4% 4.6%
Housing
Total Housing Units 1,556 957,123
Total Owner-Occupied Units 68.1% 56.6%
Total Renter-Occupied Units 29.3% 43.4%
Total Vacant Units 2.6% 5%
* Census tract income based on 2020 Census estimated data; County income based on 2021 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
Mike Mitchell
(800) 444-4589
Principal Officer info
John Zmolek
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.