Credit Unions In The State Of California

Organization Overview

Credit Unions In The State Of California is located in San Jose, CA. The organization was established in 1961. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Credit Unions In The State Of California employed 201 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Credit Unions In The State Of California is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Credit Unions In The State Of California generated $27.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $25.4m during the year ending 12/2021. While expenses have increased by 7.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Credit Unions In The State Of California has awarded 40 individual grants totaling $395,204. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ACHIEVEMENT OF SATISFACTORY SERVICES PROVIDED TO MEMBERS IN CONNECTION WITH CONSUMER LOANS, I.E., AUTO LOANS, VISA AND PERSONAL LINES OF CREDIT.


ACCOMPLISHMENT OF TARGET GOALS IN CONNECTION WITH PROVISION OF MORTGAGE LOAN PRODUCTS TO EXISTING MEMBERS.


MEMBER SATISFACTION IN CONNECTION WITH SERVICES PERTAINING TO CHECKING/SAVINGS ACCOUNTS, ATTRACTIVE CD RATES, IRA AND SIMILAR ACCOUNTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Pscu Financial Services Inc
Financial Services
$637,164
Cu Cooperative Systems Inc
Financial Services
$633,368
Ncr Corporation
Information Technology And Services
$589,218
Skyline Advanced Technology Services
Computer Networking
$540,318
Visa Usa Inc
Technology
$435,083
View All Vendors

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$25,453,062
Investment income $1,273,352
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $423,153
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $27,386,737

Grants Awarded

Over the last fiscal year, Credit Unions In The State Of California has awarded $171,768 in support to 14 organizations.

Grant RecipientAmount

EXCITE FOUNDATION

Org PageRecipient Profile

San Jose, CA

PURPOSE: TO RAISE FUNDS THAT SUPPORT CHARITABLE ORGANIZATIONS THAT BENEFIT COMMUNITIES SERVED BY EXCITE CREDIT UNION.

$51,535

SOUL FOCUS LLC

PURPOSE: TO CREATE EMPOWERING DAILY RITUALS AND HABITS, EXPRESS YOUR CREATIVITY, SET GOALS AND MAKE ACTION PLANS, AS WELL AS ORGANISE AND SCHEDULE YOUR EVERYDAY LIFE WITH INTENTION AND EASE.

$30,000

SUNDAY FRIENDS FOUNDATION

Org PageRecipient Profile

San Jose, CA

PURPOSE: TO BREAK THE GENERATIONAL CYCLE OF POVERTY BY FOSTERING POSITIVE DEVELOPMENT IN CHILDREN WHILE EDUCATING AND GUIDING PARENTS TO SUPPORT THEIR CHILDREN'S LIFE SUCCESS.

$12,550

LATINO BUSINESS FOUNDATION SILICON

Org PageRecipient Profile

San Jose, CA

PURPOSE: TO BECOME SILICON VALLEY'S ""GO TO PLACE"" FOR SMALL AND MICRO BUSINESS' NEEDS AND RESOURCES. AND TO BUILD THE TOOLS NECESSARY FOR MINORITY ENTREPRENEURS ESPECIALLY THOSE IN LOW INCOME NEIGHBORHOODS TO PROSPER AND GROW, CREATING A THRIVING COMMUNITY.

$12,500

PIVOTAL CONNECTIONS

Org PageRecipient Profile

San Jose, CA

PURPOSE: TO HELP YOUNG PEOPLE IN AND FROM FOSTER CARE REALIZE THEIR EDUCATIONAL AND CAREER GOALS BY ENSURING EQUITABLE ACCESS TO OPPORTUNITY.

$11,680

San Jose, CA

PURPOSE: TO SUPPORT CHILDREN, ORGANIZE FAMILIES, AND CONNECT NEIGHBORS TO UPLIFT THE DREAMS, POWER, AND LEADERSHIP OF COMMUNITY AND ADDRESS SYSTEMIC INEQUITIES.

$8,050
View Grant Profile

Peer Organizations

Organization NameAssets
California Credit Union
Glendale, CA
$164,391,792
Credit Unions In The State Of California
Sunnyvale, CA
$197,844,755
Educational Employees Credit Union
Fresno, CA
$140,033,802
Oregon Community Credit Union
Eugene, OR
$182,242,816
Provident Credit Union
Redwood City, CA
$114,626,988
Valley Strong Credit Union
Bakersfield, CA
$131,789,936
Technology Credit Union
San Jose, CA
$173,209,130
One Az Credit Union
Phoenix, AZ
$105,409,190
Credit Unions In The State Of California
San Diego, CA
$114,723,458
Premier America Credit Union
Chatsworth, CA
$107,505,968
Vantage West Credit Union
Tucson, AZ
$106,118,675
Altura Credit Union
Riverside, CA
$106,884,732

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