We are a not-for-profit credit union valued most for our contributions to education. By using our financial services, you are furthering our mission to support schools and educational programs all over the state of Washington. Not only that, you are personally benefiting from more free services, lower loan rates, and better returns on deposits than most big banks. That’s because the more we save, the more our members save.
Our members embrace our low-cost service delivery with shared branches, ATMs, and our comprehensive Digital Banking Platform. Thanks to them we can offer low, competitive rates and budget-friendly terms! Plus, we provide money-saving tools to help achieve your financial goals.
When you support Inspirus Credit Union, you support Washington schools. Our charitable giving benefits education, and we offer free financial seminars to help school employees and students make the most of their money.
We bring your accounts to you 24 hours a day, wherever you are:
Your deposits are federally insured to $250,000 through the NCUA (the credit union equivalent of FDIC).
We're proud to give back a portion of our net earnings each year to Washington's education community.
This sign hung from our very first branch, back when we were called Seattle Teachers’ Credit Union, located in the heart of downtown Seattle.
When Seattle math and journalism teacher Robert J. Handy founded the credit union in 1936, the idea of a financial institution owned and operated by the people who saved there was a new (and some said radical) concept. The Washington Legislature had legalized credit unions only three years earlier.
Despite what must have seemed like long odds, the credit union met milestone after milestone: extending membership statewide in 1949, reaching $1 million in assets by 1952, and ranking as the state’s second-largest credit union by 1960.
Today, members trust us with over $1 billion in assets. Although a lot has changed since 1936, one thing remains the same: You’re the reason we’re here, and we’re honored to serve you!
As permitted by law and the Credit Union’s Bylaws, Inspirus Credit Union, a Division of Gesa Credit Union, provides reasonable compensation to the Board of Directors for their service to the Credit Union. An annual stipend is payable in quarterly installments in recognition of the education and time requirements that are necessary and expected of Board members, who set the strategic direction of and provide general oversight of the Credit Union who provide oversight regarding the safety and soundness of the Credit Union.
As required by law, the members of the Credit Union shall be informed of the compensation provided to the Board of Directors and Supervisory Committee members.
The annual stipend ranges between $15,000 and $22,000 for Board members and is based on leadership position(s) held. The annual stipend for Supervisory Committee members ranges between $7,000 and $11,000 and is based on leadership position held.
The Gesa Credit Union Officials Compensation Program began effective January 1, 2019. Prior to the merger with Gesa Credit Union, Inspirus Credit Union maintained a Compensation Program for its Board of Directors. In 2018, Inspirus Credit Union paid its Board the amounts listed below. Gesa Credit Union will report the compensation paid to all Board and Supervisory Committee members for 2019 following the end of the year.
For questions or concerns regarding Board of Directors or Supervisory Committee compensation, please contact the credit union’s Board of Directors at:
Post Office Box 500
Richland, WA 99352
The Supervisory Committee is elected by the membership at the Annual Meeting. An outside audit firm conducts an annual opinion audit at the request of the Supervisory Committee which also oversees internal audit functions to ensure proper internal controls are in place and policies are adhered to.
It is the responsibility of the Supervisory Committee of Gesa Credit Union to monitor the financial safety and soundness of the credit union and to oversee compliance with various financial and regulatory requirements.
The internal auditors meet with the Supervisory Committee monthly to review internal audit reports, financial statement trends, information protection status, potential fraud issues, risk assessments and internal control practices. The Committee also closely monitors the results of the state and federal examinations as they occur.
For issues or concerns you are not able to resolve with management, please use the link below to contact the Committee.Contact the Supervisory Committee