Whatcom Educational Credit Union
Bellingham, WA · EIN 91-0712539 · Public and societal benefit · Rank 3,201 by total revenue
Our mission is to make a meaningful difference in the lives of our members.
Money, Form 990 for tax year 2025
- Total revenue
- $184,450,455
- Total expenses
- $172,171,853
- Total assets
- $3,331,778,128
- Salary base (all salaries and wages)
- $39,592,839
- Salaries, other pay and benefits
- $54,821,688
- Employees
- 480
- Salary base per employee
- $82,485
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (20)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Jennifer Kutcher | PRESIDENT & CEO | Officer | 50 | $1,021,767 |
| Nicholas Hodson | CHIEF FINANCIAL OFFICER | Officer | 45 | $489,072 |
| Gabriel Mast | CHAIR | Board, Officer | 4 | $37,500 |
| Kurt Willis | VICE CHAIR | Board, Officer | 4 | $32,500 |
| Carol Lager | SECRETARY | Board, Officer | 4 | $31,935 |
| Jeffrey Dykstra - Chief | STRAT. DEV. OFFICER (LEFT 10/2025) | Key employee | 45 | $736,409 |
| Jack Ingram | CHIEF INFORMATION OFFICER | Key employee | 45 | $577,535 |
| Cynthia Chase Klein | CHIEF ADMINISTRATIVE OFFICER | Key employee | 45 | $439,721 |
| Matthew Henry Berendsen | SENIOR VICE PRESIDENT, GROWTH | Key employee | 45 | $376,086 |
| Erynne Maria Hallock | SENIOR VICE PRESIDENT, IMPACT | Key employee | 45 | $362,864 |
| David Pierce Jones - Chief | MARKETING OFFICER (LEFT 9/2025) | Key employee | 45 | $351,687 |
| Kent Bouma | VICE PRESIDENT, BUSINESS BANKING | Key employee | 40 | $346,456 |
| Bolortsetseg Smith | VICE PRESIDENT, INTERNAL AUDIT | Key employee | 45 | $278,742 |
| Stephanie Morrell | DIRECTOR | Board | 4 | $28,185 |
| Kristi Lewis Tyran | DIRECTOR | Board | 4 | $25,565 |
| Dale Zender | DIRECTOR | Board | 4 | $25,565 |
| Margo Hammond | DIRECTOR | Board | 4 | $25,000 |
| John Sternlicht | DIRECTOR | Board | 4 | $25,000 |
| Ashok Khanna | DIRECTOR | Board | 4 | $16,564 |
| Rachel Vasak | DIRECTOR | Board | 4 | $13,870 |
Top 10 paid people listed
These 10 people received $5,082,269, which is 12.8% of the $39,592,839 salary base shared by 480 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Jennifer Kutcher | PRESIDENT & CEO | Officer | 50 | $936,965 | $0 | $84,802 | $1,021,767 |
| Jeffrey Dykstra - Chief | STRAT. DEV. OFFICER (LEFT 10/2025) | Key employee | 45 | $663,150 | $0 | $73,259 | $736,409 |
| Jack Ingram | CHIEF INFORMATION OFFICER | Key employee | 45 | $504,264 | $0 | $73,271 | $577,535 |
| Nicholas Hodson | CHIEF FINANCIAL OFFICER | Officer | 45 | $415,647 | $0 | $73,425 | $489,072 |
| Cynthia Chase Klein | CHIEF ADMINISTRATIVE OFFICER | Key employee | 45 | $367,550 | $0 | $72,171 | $439,721 |
| Grant David Dykstra | DIRECTOR, BUSINESS BANKING PROD. | Highly paid employee | 40 | $327,135 | $0 | $53,537 | $380,672 |
| Matthew Henry Berendsen | SENIOR VICE PRESIDENT, GROWTH | Key employee | 45 | $337,360 | $0 | $38,726 | $376,086 |
| Erynne Maria Hallock | SENIOR VICE PRESIDENT, IMPACT | Key employee | 45 | $307,233 | $0 | $55,631 | $362,864 |
| David Pierce Jones - Chief | MARKETING OFFICER (LEFT 9/2025) | Key employee | 45 | $307,994 | $0 | $43,693 | $351,687 |
| Kent Bouma | VICE PRESIDENT, BUSINESS BANKING | Key employee | 40 | $304,601 | $0 | $41,855 | $346,456 |
Sources
- IRS e-file return 202641339349303804 (Form 990, period ending 2025-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 91-0712539
- Organization website (as filed): www.wecu.com