Credit Unions In The State Of California

Credit Unions In The State Of California Overview

Credit Unions In The State Of California is located in Los Angeles, 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 12/2019, Credit Unions In The State Of California employed 137 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 12/2019, Credit Unions In The State Of California generated $34.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $28.5m during the year ending 12/2019. While expenses have increased by 9.4% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

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 DEPOSIT ACCOUNTS AND LOAN SERVICES TO 38,969 MEMBERS AS OF DECEMBER 31, 2019. IN 2019, 7,781 LOANS WERE MADE TO MEMBERS.


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Credit Unions In The State Of California Board, Officers & Key Employees

Name (title)Compensation
Barry Roach
CEO
$392,282
Mike Tufegdzich
COO
$292,992
Joanna Oliva
CFO
$280,897
Celeste Zibelli
VP Of Markerting And Financial Services
$220,400
Jaime Vasquez
VP Of Information Technology
$165,104
Misak Nalbadian
Director Of Lending
$159,499

Credit Unions In The State Of California Vendors

Vendor Name (Service)Compensation
Jack Henry And Associates Inc
Financial Services
$543,837
Alkami
Cloud Services
$514,275
Business Data Inc
Web,print Mail And Archive Channels
$390,947
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$27,537,429
Investment income $6,436,761
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $288,823
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $34,475,955

Credit Unions In The State Of California Peer Organizations

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