California Credit Union League
- Assets
- $33.5m
- Revenue
- $8.7m
- Investments
- -$64.6k
- Employees
- 11
- Location
- Ontario, CA
- Founding
- 06/1952
- Data as of
- 12/2023
- EIN
- 94-0357265
Organization Overview
California Credit Union League is located in Ontario, CA. The organization was established in 1952. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, California Credit Union League employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Credit Union League is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, California Credit Union League generated $8.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $6.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, California Credit Union League has awarded 18 individual grants totaling $113,148. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CREDIT UNIONS WITH ADVOCACY, EDUCATION, INFORMATION AND LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY: EXECUTE AN AGGRESSIVE, COMPREHENSIVE ADVOCACY PLAN THAT INCREASES AWARENESS AND SUPPORT OF CREDIT UNIONS AMONG CONSUMERS AND POLICY MAKERS, AND ENHANCES THE LEGISLATIVE AND REGULATORY ENVIRONMENT FOR CREDIT UNIONS.
LEADERSHIP: CHAMPION THE VITALITY OF CREDIT UNIONS BY TAKING A LEADERSHIP ROLE, REGIONALLY AND NATIONALLY, IN PROMOTING COOPERATION BETWEEN CREDIT UNIONS AND RELATED ORGANIZATIONS AND IN CULTIVATING INDUSTRY LEADERS.
INFORMATION: PRODUCE PROACTIVE INFORMATION FOR AND ABOUT CREDIT UNIONS IN A MANNER THAT POSITIONS US AS A PRIMARY RESOURCE FOR CREDIT UNIONS,POLICYMAKERS, MEDIA, CONSUMER GROUPS AND OTHER INTERESTED PARTIES.
EDUCATION: DELIVER QUALITY, FINANCIALLY SELF-SUPPORTING EDUCATION PROGRAMS THAT ENABLE CREDIT UNIONS TO EFFECTIVELY AND EFFICIENTLY NAVIGATE THE FINANCIAL SERVICES LANDSCAPE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geri Lachance Exec. Director/chairman | OfficerTrustee | 1 | $0 |
Carol Galizia Exec. Director/vice Chair | OfficerTrustee | 1 | $0 |
Sara Klein At Large Exec Committee Member | OfficerTrustee | 1 | $0 |
Dave Gunderson Director | Trustee | 0.5 | $0 |
Donna Bland Director | Trustee | 0.5 | $0 |
Jennifer Oliver Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
California League Service Corporation Administrative | 12/30/15 | $1,689,785 |
Plexcity A Cooperative Association Administrative | 12/30/15 | $617,413 |
Kadesh & Associates Llc Consulting | 12/30/15 | $108,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $437,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $437,775 |
| Total Program Service Revenue | $7,157,946 |
| Investment income | $513,998 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,836 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,666,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $106,666 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,055,978 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $305,866 |
| Pension plan accruals and contributions | $66,797 |
| Other employee benefits | $134,167 |
| Payroll taxes | $128,671 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100,491 |
| Fees for services: Accounting | $14,305 |
| Fees for services: Lobbying | $147,166 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,769,442 |
| Advertising and promotion | $0 |
| Office expenses | $43,808 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $311,995 |
| Travel | $135,958 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,056 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,711 |
| Insurance | $21,524 |
| All other expenses | $36,559 |
| Total functional expenses | $6,520,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,369,329 |
| Savings and temporary cash investments | $7,786,608 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,651,450 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $379,378 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $228,662 |
| Net Land, buildings, and equipment | $19,760 |
| Investments—publicly traded securities | $5,070,581 |
| Investments—other securities | -$64,556 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,035,123 |
| Total assets | $33,476,335 |
| Accounts payable and accrued expenses | $3,794,291 |
| Grants payable | $0 |
| Deferred revenue | $4,315,403 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,834,127 |
| Total liabilities | $9,943,821 |
| Net assets without donor restrictions | $19,893,002 |
| Net assets with donor restrictions | $3,639,512 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $33,476,335 |
Grants Awarded
Over the last fiscal year, California Credit Union League has awarded $79,929 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CALCOM FEDERAL CREDIT UNION PURPOSE: TO ASSIST THE CREDIT UNION IN HELPING AS MANY PEOPLE AS POSSIBLE THROUGH DONATIONS. | $6,000 |
ATCHISON VILLAGE CREDIT UNION PURPOSE: TO HELP THE CREDIT UNION IN ITS MISSION TO HELP MEMBERS REACH THEIR FINANCIAL DREAMS. | $6,000 |
EPISCOPAL COMMUNITY FEDERAL CREDIT UNION PURPOSE: TO ASSIST THE CREDIT UNION IN ITS MISSION TO PROVIDE MEMBERS WITH STONG FINANCIAL BASE . | $6,000 |
INLAND VALLEY FEDERAL CREDIT UNION PURPOSE: TO HELP THE CREDIT UNION IN ITS MISSION TO PROVIDE AFFORDABLE FINANCIAL SERVICES. | $5,549 |
MATTEL FEDERAL CREDIT UNION PURPOSE: TO SUPPORT THE CREDIT UNION IN MAKING A POSITIVE DIFFERENCE IN THE FINANCIAL WELL-BEING OF THEIR MEMBERS. | $6,000 |
MID CITIES CREDIT UNION PURPOSE: TO HELP THE CREDIT UNION IN ITS VISION TO EDUCATE THEIR MEMBER REACH FINANCIAL GOALS. | $6,500 |