Credit Unions in the State of Washington Dba American Lake Credit Union

Nonprofit profile at a glance

EIN
910564948
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Lakewood, WA, USA
Phone
2535840079
Rating confidence
Limited

Official website

Reported finances

Revenue
$3,405,510
Expenses
$3,397,904
Assets
$59,550,594
Liabilities
$50,819,997

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • KOLIN MCMANN (CEO)

Highest reported compensation

  • KOLIN MCMANN (CEO): $224,956 total reported compensation
  • JAYDE DELGADO (VP MEMBER EXPERIENCE): $134,348 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

American lake credit union provides a variety of quality services to a diversified membership while maintaining financial soundness.

What it reported doing in 2025

The credit union provided low-cost retail financial services to over 4,594 members/owners through four branches located in tacoma and lakewood. Services include savings and deposit accounts, consumer, mortgage, and credit card loans. The credit union granted 1,032 loans to members, accounting for $9,692,279 in 2025.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 71
  • Accountability: 86
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 0.2%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 17.53; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.85; rating input score 7; 7th percentile among comparable filings
  • Officer compensation ratio: 10.6%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: 12.2% per year; rating input score 100; 68th percentile among comparable filings
  • Revenue growth: 2.4% per year; rating input score 100; 19th percentile among comparable filings
  • Asset growth: 2.3% per year; rating input score 100; 19th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 9 of 9 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $225K · 11 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $348K reported
  • Consistency: 10 of 10 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Operating margin scored 27/100.
  • High — Sustainability: Liabilities to assets ratio scored 7/100.
  • Moderate — Sustainability: Officer compensation ratio scored 32/100.