El Monte Community Credit Union

Organization Overview

El Monte Community Credit Union is located in El Monte, 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, El Monte Community Credit Union employed 6 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. El Monte Community 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, El Monte Community Credit Union generated $966.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 2.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

EL MONTE COMMUNITY CREDIT UNION IS A NON-PROFIT FINANCIAL COOPERATIVE THAT PROVIDES SERVICES FOR THEIR MEMBERS INCLUDING SAVINGS AND LOANS. THE MISSION OF THE CREDIT UNION IS TO CHARGE THE LEAST IN THEIR LOANS AND PAY THE MOST FOR DEPOSITS TO ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED DEPOSIT AND LOAN ACCOUNTS TO MEMBERS. PROVIDED LOW COST SOURCE OF CREDIT AND LOW COST FINANCIAL SERVICES TO OUR MEMBERS. PROVIDED SOURCE FOR MEMBER SAVINGS AND CHECKING ACCOUNT NEEDS.


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Board, Officers & Key Employees

Name (title)Compensation
Sandra Rosas
CEO
$122,520
Rebecca Aguirre
Board Member
$0
David Paredes
Board Treasurer
$0
Angel R Nunez
Board Vicechair
$0
Robert Velasquez
Board Member
$0
James Mussenden
Board Chairman
$0

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$473,072
Investment income $155,258
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $966,682

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