2023-07-26T09:24:32-07:00 2022-12-31 261220728 DAREN B TANNER PC 1915 NE STUCKI AVE STE 290 Beaverton OR 97006 990 2022-01-01 910564948 CREDIT UNIONS IN THE STATE OF WASHINGTON DBA AMERICAN LAKE CREDIT UNION CRED 2535840079 9802 GRAVELLY LAKE DR SW LAKEWOOD WA 98499 KOLIN MCMANN CEO 2023-07-26 true KOLIN MCMANN 999009999 true Daren Tanner P00234257 5033523255 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z KOLIN MCMANN 9802 GRAVELLY LAKE DR SW LAKEWOOD WA 98499 2494277 false X WWW.AMERICANLAKE.ORG X 1948 WA AMERICAN LAKE CREDIT UNION IS A FINANCIAL COOPERATIVE DEDICATED TO HELPING MEMBERS IMPROVE THEIR FINANCIAL STATUS. 11 11 23 14 686 0 2516091 2094688 314084 389320 1583 686 2831758 2484694 0 0 1313171 1207586 0 0 1260587 1475526 2573758 2683112 258000 -198418 72320270 70051462 62853629 60783239 9466641 9268223 AMERICAN LAKE CREDIT UNION IS A PROACTIVE FINANCIAL COOPERATIVE DEDICATED TO HELPING MEMBERS IMPROVE THEIR FINANCIAL WELL BEING BY PROVIDING QUALITY SERVICES AT LOW COST AND ENCOURAGING THRIFT. false false 2683112 2484008 THE CREDIT UNION PROVIDED LOW COST RETAIL FINANCIAL SERVICES TO OVER 5,440 MEMBER/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 2,238 LOANS TO MEMBERS AMOUNTING TO $23,055,217 IN 2022. 2683112 false false false false false false false false false true false true false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 480 0 true 23 true true true false false false false false false false X 11 11 false false false false true true false true true false true true false true true true true true true true false X KOLIN MCMANN 2535840079 9802 GRAVELLY LAKE DR SW LAKEWOOD WA 98499 KOLIN MCMANN CEO 55.00 0.00 X 196385 0 16152 GLEN DAVOCOL VP OPERATIONS 55.00 0.00 X 92470 0 28010 CHERYL BEESON VP ADMIN 55.00 0.00 X 87341 0 17779 ROBERT DERMANN Secretary 1.00 0.00 X 0 0 0 ROGER ERICKSON Treasurer 1.00 0.00 X 0 0 0 BRIAN HAGEL Director 1.00 0.00 X 0 0 0 DONALD HAM Director 1.00 0.00 X 0 0 0 DONALD HOFFMAN Director 1.00 0.00 X 0 0 0 CONNIE HYNDMAN Director 1.00 0.00 X 0 0 0 DEIDRA MCLAUCHAN Director 1.00 0.00 X 0 0 0 GLEN NEAL VICE CHAIR 1.00 0.00 X 0 0 0 WILLIAM DISBROW Chairman 1.00 0.00 X 0 0 0 MARLENE GRANTHAM Director 1.00 0.00 X 0 0 0 376196 61941 1 false true false 0 0 EXCHANGE INCOME 522100 230440 230440 FEES, CHARGES AND OTHER 522100 441869 441869 INTEREST ON MEMBER LOANS 522100 1422379 1422379 2094688 389320 389320 0 0 10269 9583 686 686 686 0 0 0 0 0 2484694 2484008 686 0 0 0 0 438137 438137 0 568726 568726 18354 18354 100777 100777 81592 81592 0 0 0 0 0 0 0 13500 13500 0 115845 115845 0 57984 57984 0 0 0 0 0 122051 122051 34125 34125 OTHER OPERATING EXPENSES 474694 474694 PROVISION FOR LOAN LOSSES 318559 318559 EXCHANGE EXPENSE 125256 125256 DIVIDENDS PAID TO MEMBERS 79463 79463 134049 134049 2683112 2683112 0 0 750542 725683 7984469 3430905 0 0 0 0 33644188 34634858 0 555780 288615 4590554 2305433 2383354 2285121 0 0 24937000 26159500 457509 427599 1607428 2099181 72320270 70051462 362884 353269 62490745 60429970 62853629 60783239 X 9466641 9268223 9466641 9268223 72320270 70051462 -198418 X false false false 861417 861417 2284190 1004424 1279766 502845 441430 61415 942102 859579 82523 2285121 26159500 MEMBER SHARE AND DEPOSIT ACCOUNTS 60429970 60429970 X X X X false false false KOLIN MCMANN CEO 196385 7781 8371 212537 Form 990, Part VI, Section A, Line 6 AMERICAN LAKE CREDIT UNION IS A MEMBER-OWNED NOT FOR PROFIT FINANCIAL COOPERATIVE. Form 990, Part VI, Section B, Line 11b FORM 990 IS REVIEWED BY MANAGEMENT BEFORE FILING. Form 990, Part VI, Section B, Line 12c THE CONFLICT OF INTEREST POLICY IS SIGNED ANNUALLY AT THE REORGANIZATION MEETING AND INCORPORATED IN THE OATH OF OFFICE. Form 990, Part VI, Section B, Line 15a CEO COMPENSATION IS BASED ON NATIONAL AND STATEWIDE SURVEYS OF CREDIT UNION CEO COMPENSATION. THE BOARD REVIEWS THESE SURVEYS AND APPROVES CEO COMPENSATION. Form 990, Part VI, Section B, Line 15b OTHER OFFICER SALARIES ARE BASED ON SURVEY DATA FOR COMPARABLE CREDIT UNIONS AND INCLUDED IN THE ANNUAL BUDGET. THE BOARD APPROVES THE ANNUAL BUDGET. Form 990, Part VI, Section C, Line 19 THE CREDIT UNION MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT THE ANNUAL MEETING AND UPON REQUEST.