Uncle Credit Union
- Assets
- $636.0m
- Revenue
- $24.6m
- Investments
- $9.0m
- Employees
- 143
- Location
- Livermore, CA
- Founding
- 01/1973
- Data as of
- 12/2021
- EIN
- 94-1404327
Organization Overview
Uncle Credit Union is located in Livermore, CA. The organization was established in 1973. 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, Uncle Credit Union employed 143 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Uncle Credit Union 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, Uncle Credit Union generated $24.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $21.1m during the year ending 12/2021. While expenses have increased by 8.9% 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.
Form
990
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
THE CREDIT UNION PROVIDED 33,505 DEPOSIT ACCOUNTS TO 31,446 MEMBERS AS OF DECEMBER 31, 2021. IN 2021, 14,529 LOANS WERE MADE TO MEMBERS.
LOANS AVAILABLE TO MEMBERS INCLUDE AUTO, CREDIT CARD, PERSONAL, HOME EQUITY, AND FIRST MORTGAGES.
MEMBERS MAY OPEN THE FOLLOWING DEPOSIT ACCOUNTS:SAVINGS, CHECKING, MONEY MARKET, IRA, TERM CERTIFICATES OF DEPOSIT, YOUTH DEPOSIT ACCOUNTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold Roundtree CEO | Officer | 40 | $2,181,442 |
Gina Bloomfield SVP Finance & Operations | Officer | 40 | $238,134 |
Andrea F Johnson Sales & Svc Director | 40 | $224,178 | |
James Fisher VP Of It, Cto | Officer | 40 | $216,393 |
April Ingram VP Of Hr | 40 | $180,464 | |
William Spearman SVP Lending | 40 | $176,448 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jack Henry & Associates Inc Information Processing Solutions | 12/30/17 | $340,487 |
Solar Technologies Commercial Solar Systems Services | 12/30/17 | $384,943 |
Wescom Resources Group Llc Technology Services | 12/30/17 | $233,994 |
Kasasa Ltd Program Services | 12/30/17 | $271,866 |
Ftsi Atm Services | 12/30/17 | $176,660 |
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 | $23,494,348 |
| Investment income | $439,438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,867 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,649,463 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,299 |
| 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. | $3,595,105 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,174,434 |
| Pension plan accruals and contributions | $213,544 |
| Other employee benefits | $762,653 |
| Payroll taxes | $751,527 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $108,545 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,116,749 |
| Advertising and promotion | $731,722 |
| Office expenses | $1,964,526 |
| Information technology | $2,152,212 |
| Royalties | $0 |
| Occupancy | $1,046,769 |
| Travel | $157,703 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $672,604 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $581,582 |
| Insurance | $88,576 |
| All other expenses | $0 |
| Total functional expenses | $21,100,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,942,505 |
| Savings and temporary cash investments | $77,014,405 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $2,080,798 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,519,254 |
| Net Land, buildings, and equipment | $4,411,748 |
| Investments—publicly traded securities | $33,948,825 |
| Investments—other securities | $8,951,554 |
| Investments—program-related | $488,007,268 |
| Intangible assets | $0 |
| Other assets | $10,113,031 |
| Total assets | $635,989,388 |
| Accounts payable and accrued expenses | $5,448,340 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $577,853,732 |
| Total liabilities | $583,302,072 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $52,687,316 |
| Total liabilities and net assets/fund balances | $635,989,388 |
Grants Awarded
Over the last fiscal year, Uncle Credit Union has awarded $21,725 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT PURPOSE: PROVIDE FINANCIAL SUPPORT FOR CHILDREN'S HOSPITALS ACROSS NORTH AMERICA | $6,725 |
Kennesaw, GA PURPOSE: PROVIDE FINANCIAL SUPPORT TO CANCER RESEARCH | $5,000 |
Livermore, CA PURPOSE: SUPPORT THE ARTS WITHIN THE COMMUNITY | $5,000 |
Oakland, CA PURPOSE: PROVIDE FINANCIAL SUPPORT FOR SCIENTIFIC RESEARCH, TECHNOLOGY DEVELOPMENT AND EDUCATIONAL ENDEAVORS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Fire Credit Union San Francisco, CA | $1,733,829,261 | $55,402,558 |
Rivermark Community Credit Union Beaverton, OR | $1,282,908,447 | $59,063,025 |
San Mateo Credit Union Redwood City, CA | $1,651,880,221 | $59,342,431 |
Credit Unions In The State Of California Westminster, CA | $1,978,868,694 | $57,183,235 |
Credit Unions In The State Of California Eureka, CA | $2,147,688,324 | $57,226,931 |
Marion And Polk Schools Credit Union Salem, OR | $1,240,763,671 | $55,245,201 |
Credit Unions In The State Of California Yuba City, CA | $1,450,440,549 | $51,784,136 |
Pacific Service Credit Union Concord, CA | $1,408,244,390 | $45,146,351 |
First Community Credit Union Coquille, OR | $1,761,836,849 | $50,673,220 |
Credit Unions In The State Of San Diego, CA | $1,264,438,336 | $40,598,480 |
Credit Unions In State Of Arizona Glendale, AZ | $1,059,321,576 | $47,143,966 |
Credit Unions In The State Of California Stockton, CA | $0 | $14,416,859 |