San Diego County Credit Union is located in San Diego, 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, San Diego County Credit Union employed 1,129 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. San Diego County 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 12/2019, San Diego County Credit Union generated $343.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $250.3m during the year ending 12/2019. While expenses have increased by 8.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
STATE CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOAN PRODUCTS AND SERVICES TO MEMBERSHIP
PROVIDE DEPOSIT PRODUCTS AND SERVICES TO MEMBERSHIP
PROVIDE OTHER FINANCIAL SERVICES TO MEMBERSHIP
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Teresa Campbell CEO & President | OfficerTrustee | 40 | $7,458,763 |
Michelle Pagni Evp, Human Resources | Officer | 40 | $745,268 |
Ashlee N Micale Executive VP & CFO | Officer | 40 | $551,027 |
Carolyn Kissick Evp, Erm & Chief Risk Officer | Officer | 40 | $517,702 |
Todd L Storkersen Svp, Regional Operations Manager | 40 | $510,081 | |
Chitraphol T Vongsawad Coso | Officer | 40 | $486,786 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Sheppard Mullin Richter & Hampton Llp Legal Services | 12/30/19 | $3,503,761 |
Microsoft Corporation Software | 12/30/19 | $831,023 |
Allied Universal Security Services Security Services | 12/30/19 | $1,248,973 |
Kpmg Llp Audit Services | 12/30/19 | $983,468 |
Parker Lynch Temporary Help Services | 12/30/19 | $770,259 |
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 | $297,896,550 |
Investment income | $34,505,575 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $38,098 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $343,670,713 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $15,611,252 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $49,064,235 |
Pension plan accruals and contributions | $7,849,611 |
Other employee benefits | $8,722,462 |
Payroll taxes | $5,964,555 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,095,002 |
Fees for services: Accounting | $1,225,642 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $6,725,515 |
Advertising and promotion | $17,637,642 |
Office expenses | $4,803,215 |
Information technology | $7,816,183 |
Royalties | $0 |
Occupancy | $18,134,882 |
Travel | $832,997 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $46,408,682 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $9,856,021 |
Insurance | $798,624 |
All other expenses | $5,460,382 |
Total functional expenses | $250,260,659 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $641,586,924 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $6,416,965,541 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $6,614,420 |
Net Land, buildings, and equipment | $45,147,038 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $1,104,431,905 |
Intangible assets | $0 |
Other assets | $254,463,217 |
Total assets | $8,469,209,045 |
Accounts payable and accrued expenses | $45,104,198 |
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 | $7,023,175,245 |
Total liabilities | $7,068,279,443 |
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 | $1,400,929,602 |
Total liabilities and net assets/fund balances | $8,469,209,045 |
Organization Name | Assets | Revenue |
---|---|---|
The Golden 1 Credit Union Sacramento, CA | $12,993,881,498 | $532,330,203 |
San Diego County Credit Union San Diego, CA | $8,469,209,045 | $343,670,713 |
Patelco Credit Union Dublin, CA | $7,290,342,964 | $299,706,510 |
Onpoint Community Credit Union Portland, OR | $7,902,214,326 | $316,165,709 |
Credit Unions In The State Of California Sunnyvale, CA | $9,073,674,668 | $257,132,367 |
Credit Unions In The State Of California Pasadena, CA | $3,690,408,153 | $217,920,461 |
Travis Credit Union Vacaville, CA | $3,365,005,976 | $180,779,315 |
Safe Credit Union Folsom, CA | $3,814,181,101 | $166,534,195 |
Credit Unions In The State Of California Santa Rosa, CA | $4,988,759,555 | $237,085,485 |
One Az Credit Union Phoenix, AZ | $2,608,126,699 | $106,232,415 |
California Credit Union Glendale, CA | $3,190,811,816 | $155,942,457 |
Educational Employees Credit Union Fresno, CA | $3,213,871,503 | $143,847,329 |