California Credit Union

Organization Overview

California Credit Union is located in Glendale, 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, California Credit Union employed 618 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. California 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, California Credit Union generated $164.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $124.2m during the year ending 12/2021. While expenses have increased by 10.3% 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 2017, California Credit Union has awarded 61 individual grants totaling $1,046,670. 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

WE CONCLUDED ANOTHER SUCCESSFUL YEAR SERVING OUR MEMBERS IN 2021.


AT CALIFORNIA CREDIT UNION WE WERE PROUD TO CONTINUE SUPPORTING OUR MEMBERS AND COMMUNITIES FINANCIALLY AFFECTED BY THE CORONAVIRUS-19 PANDEMIC THROUGH A VARIETY OF ASSISTANCE PROGRAMS, DEFERRING $382 MILLION IN LOANS TO DATE. IN ADDITION, TO DATE WE HAVE WAIVED MORE THAN $1 MILLION IN MEMBER FEES AND PROVIDED NEARLY 920 SMALL BUSINESSES WITH SBA PPP LOANS ESTIMATED TO HAVE SAVED APPROXIMATELY, 9,000 JOBS ACROSS SOUTHERN CALIFORNIA. WE LAUNCHED A NEW MEMBER FACING WEBSITE ENHANCING THE USER JOURNEY WITH EASIER NAVIGATION AND PROVIDING OUR MEMBERS WITH FREE FINANCIAL EDUCATION TOOLS, INCLUDING CALCULATORS AND ARTICLES TO HELP THEM REACH THEIR FINANCIAL GOALS. IN ADDITION, WE PARTNERED WITH GREENPATH FINANCIAL WELLNESS TO PROVIDE COMPREHENSIVE FINANCIAL COUNSELING, FINANCIAL EDUCATION, AND MONEY MANAGEMENT TOOLS TO OUR MEMBERS. GREENPATH IS FEATURED THROUGHOUT VARIOUS LOCATIONS ON OUR WEBSITE. IN 2021, WE ALSO LAUNCHED AN EMPLOYEE-LED DIVERSITY AND INCLUSION COMMITTEE AS WELL AS AN ALL WOMEN LEADERSHIP GROUP FOR CAREER ADVANCEMENT.


CALIFORNIA CREDIT UNION IS A PROUD SUPPORTER OF THE EDUCATION, MILITARY AND LOCAL COMMUNITIES. WE WERE HONORED TO CONTINUE OUR COMMUNITY PARTNERSHIPS IN 2021 AS MOST PROGRAMS AND EVENTS STARTED TO TRANSITION BACK TO AN IN-PERSON FORMAT. IN 2021, WE FUNDED MORE THAN $425,000 IN EDUCATIONAL PROGRAMS INCLUDING TEACHER GRANTS AND STUDENT SCHOLARSHIPS, AS WELL AS COMMUNITY GIVING INITIATIVES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Laz Parking California Llc
Parking Services
$256,529
Lereta Llc
Real Estate Tax Services
$164,165
Toolcase Llc
It Services
$161,250
All Clear Appraisals
Appraisal Management
$135,185
Barrel Llc
Software Development
$126,557
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$126,395,665
Investment income $13,408,428
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $13,908,174
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $164,391,792

Grants Awarded

Over the last fiscal year, California Credit Union has awarded $62,780 in support to 4 organizations.

Grant RecipientAmount

CHILDREN'S MIRACLE NETWORK

Org PageRecipient Profile

Salt Lake City, UT

PURPOSE: TO BENEFIT CHILDREN'S MIRACLE NETWORK HOSPITALS IN CALIFORNIA AND NEVADA.

$26,780

GREATER LOS ANGELES ZOO ASSOCIATION

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: IN SUPPORT OF THE ZOO'S INNOVATIVE ANIMAL CARE AND GLOBAL WILDLIFE CONSERVATION EFFORTS.

$20,000

USS MIDWAY MUSEUM

Org PageRecipient Profile

San Diego, CA

PURPOSE: IN SUPPORT OF MIDWAY'S STEM FIELD TRIP PROGRAM AND THE NO CHILD LEFT ASHORE SCHOLARSHIP FUND.

$10,000

Glendale, CA

PURPOSE: TO HELP MOVE HOMELESS FAMILIES AND INDIVIDUALS OFF THE STREETS AND INTO THEIR OWN HOME.

$6,000
View Grant Profile

Peer Organizations

Organization NameAssets
The Golden 1 Credit Union
Sacramento, CA
$525,382,897
Patelco Credit Union
Dublin, CA
$276,202,116
Onpoint Community Credit Union
Portland, OR
$300,691,175
San Diego County Credit Union
San Diego, CA
$305,241,036
Credit Unions In The State Of California
Pasadena, CA
$207,665,347
Credit Unions In The State Of California
Santa Rosa, CA
$248,972,690
Travis Credit Union
Vacaville, CA
$194,928,518
Safe Credit Union
Folsom, CA
$162,136,670
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

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