Learn About Spokane Teachers Credit Union

Spokane Teachers Credit Union is a not-for-profit financial cooperative that has been serving its members since 1934. It was founded by a group of teachers who wanted to provide better banking services to their community.

The credit union's mission is to provide financial services that meet the needs of its members, with a focus on education and community development. This mission has guided the credit union's decisions and actions over the years.

With over 85 years of experience, Spokane Teachers Credit Union has established a strong reputation for stability and security.

Spokane Teachers Credit Union is a financial institution based in Liberty Lake, Washington, with a significant presence in the state. It manages an impressive $4.6 billion in loans, spread across 188,697 individual accounts, offering various financial products like credit cards, auto loans, and mortgage services.

The credit union serves a membership base of 266,333 individuals and is dedicated to cost-effective financial solutions, adhering to cooperative principles and applicable legislation. Its mission is to maximize the worth of each financial relationship through affordable financial services.

The credit union's revenue in 2022 was $238,014,215, and it has 1123 employees and 5 volunteers. The average compensation at Spokane Teachers Credit Union during 2022 was $53,647.

Here are some key statistics about the credit union's leadership:

Spokane Teachers Credit Union (STCU) is a financial institution based in Liberty Lake, Washington, with a significant presence in the state. As of December 31, 2022, STCU manages an impressive $4.6 billion in loans.

STCU offers various financial products like credit cards, auto loans, and mortgage services. They also provide cost-effective financial solutions, adhering to cooperative principles and applicable legislation.

STCU proudly serves a membership base of 266,333 individuals. Their mission is to maximize the worth of each financial relationship through affordable financial services, ensuring a strong commitment to its members.

Here are some key statistics about STCU's membership and financial portfolio:

STCU's impressive loan portfolio of over $4.6 billion is spread across 188,697 individual accounts. Their extensive product offerings include credit cards, auto, RV, and boat loans, 1st mortgage real estate loans, other real estate loans and lines of credit, and commercial loans.

STCU's revenue in 2022 was $238,014,215, primarily derived from interest income and fees from loan origination and servicing.

Meet the team behind Spokane Teachers Credit Union! They have a diverse group of professionals who work together to provide excellent service to their members.

The leadership team includes Chief Retail Officer Brian Read, who oversees the retail side of the credit union.

Melanie Shanks is the Chief Internal Auditor, responsible for ensuring the credit union's internal controls are in place.

The credit union also has a strong focus on innovation and automation, led by SVP Scott Rabe.

Patricia Kelly oversees the Information Technology department as SVP.

Lindsey Myhre serves as EVP & CFO, responsible for the credit union's financial well-being.

The credit union has a dedicated team of professionals in various roles, including:

Each member of the team brings their unique skills and experience to the table, working together to provide exceptional service to the credit union's members.

The Spokane Teachers Credit Union is a financial institution that offers a range of services to its members. The credit union has a strong financial foundation, with annual revenue of $59.3 million in 2025.

Chris Severin is the Senior Vice President Of Retail of Spokane Teachers Credit Union, overseeing the retail operations of the credit union.

Having a clear chain of command in retail operations is crucial for effective management, and Chris Severin's role plays a significant part in this.

The Senior Vice President Of Retail position is responsible for implementing retail strategies that align with the credit union's overall goals, ensuring that members receive excellent service and support.

Chris Severin's experience in this role has likely allowed him to develop a deep understanding of the retail operations and the needs of the credit union's members.

This expertise enables him to make informed decisions that drive business growth and improve member satisfaction.

Spokane Teachers Credit Union's estimated annual revenue is currently $14 million per year.

This figure is significantly lower than the credit union's actual annual revenue of $59.3 million in 2025, as reported in more recent data.

Spokane Teachers Credit Union's estimated revenue per employee is a substantial $189,000.

This high revenue per employee suggests that the credit union is efficient in its operations and able to generate significant income from each employee.

Spokane Teachers Credit Union has a specific NAICS code, which is 522130. This code is a six-digit number assigned by the US Census Bureau to categorize businesses by industry.

The NAICS code 522130 is further broken down into more specific categories, including 522 and 5221. These codes provide a more detailed classification of the credit union's industry.

The NAICS codes for Spokane Teachers Credit Union are also listed as [52213, 52, 522, 5221], which confirms the accuracy of the previously mentioned codes.

A NAICS code is a six-digit number that identifies the primary business activity of a company.

NAICS codes are used for statistical purposes, such as tracking economic data and conducting market research.

The NAICS code for Spokane Teachers Credit Union is 52213, which falls under the broader category of 5221.

The NAICS code system was developed by the US Census Bureau to provide a standardized way of classifying businesses.

The NAICS code 52 is a two-digit code that represents the finance and insurance industry, which is a broader category for Spokane Teachers Credit Union.

The NAICS code 522 is a three-digit code that represents the credit intermediation and related activities industry, which is a more specific category for Spokane Teachers Credit Union.

NAICS codes can be used to identify the specific industry or sector of a business.

SIC Code is a system used to classify businesses by their primary activity. The code is usually a four-digit number.

Spokane Teachers Credit Union has SIC codes of 60 and 606.