Evangelical Christian Credit Union
- Assets
- $581.6m
- Revenue
- $28.8m
- Investments
- $0.0
- Employees
- 119
- Location
- Brea, CA
- Founding
- 03/1965
- Data as of
- 12/2021
- EIN
- 95-6111723
Organization Overview
Evangelical Christian Credit Union is located in Brea, CA. The organization was established in 1965. 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, Evangelical Christian Credit Union employed 119 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Evangelical Christian 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, Evangelical Christian Credit Union generated $28.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $23.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Evangelical Christian Credit Union has awarded 62 individual grants totaling $480,575. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ECCU PARTNERS WITH CHRIST-CENTERED MINISTRIES, BUSINESSES, INDIVIDUALS, AND FAMILIES TO PROTECT, GROW, AND SHARE THEIR FINANCIAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EVANGELICAL CHRISTIAN CREDIT UNION PROVIDED CREDIT UNION SERVICES TO OUR MEMBERS. OUR MEMBERSHIP TOTALED 14,226 AS OF DECEMBER 31, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abel Luis Pomar President/ceo | Officer | 40 | $422,902 |
Gregory C Talbott Svp/cfo | Officer | 40 | $297,683 |
Charles Kelly Svp, Chief Technology And Operations Officer | Officer | 40 | $257,705 |
Bentley Hatcher Svp, Chief Lending Officer | Officer | 40 | $250,745 |
Susan B Rushing Svp, Chief Risk Officer | Officer | 40 | $249,299 |
Sheri Valadez Director Of Loan Servicing | 40 | $223,801 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Solutions Llc Corporate Insurance | 12/30/21 | $351,652 |
Salesforce Com Inc Crm Software | 12/30/21 | $215,319 |
Mighty Roar Llc Marketing Services | 12/30/21 | $896,176 |
Q2 Software Inc Data Processing Services | 12/30/21 | $595,684 |
Fiserv Inc Banking Operations System | 12/30/21 | $554,299 |
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 | $23,473,144 |
| Investment income | $1,104,978 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,255,772 |
| 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 | $28,833,894 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $194,200 |
| 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. | $2,496,998 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,018,344 |
| Pension plan accruals and contributions | $247,176 |
| Other employee benefits | $3,398,782 |
| Payroll taxes | $842,768 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $119,652 |
| Fees for services: Accounting | $222,609 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $867,056 |
| Advertising and promotion | $1,210,122 |
| Office expenses | $604,298 |
| Information technology | $2,462,753 |
| Royalties | $0 |
| Occupancy | $475,888 |
| Travel | $5,466 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,049 |
| Interest | $2,016,645 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $927,179 |
| Insurance | $802,674 |
| All other expenses | $0 |
| Total functional expenses | $23,029,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $680,168 |
| Savings and temporary cash investments | $21,834,487 |
| 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 | $408,567,376 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,462,667 |
| Net Land, buildings, and equipment | $42,361,519 |
| Investments—publicly traded securities | $77,328,599 |
| Investments—other securities | $0 |
| Investments—program-related | $11,023,294 |
| Intangible assets | $0 |
| Other assets | $17,368,175 |
| Total assets | $581,626,285 |
| Accounts payable and accrued expenses | $9,058,091 |
| Grants payable | $0 |
| Deferred revenue | $267,056 |
| 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 | $5,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $505,755,518 |
| Total liabilities | $520,080,665 |
| 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 | $61,545,620 |
| Total liabilities and net assets/fund balances | $581,626,285 |
Grants Awarded
Over the last fiscal year, Evangelical Christian Credit Union has awarded $84,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Orlando, FL PURPOSE: General Support | $10,900 |
McPherson, KS PURPOSE: General Support | $10,000 |
Visalia, CA PURPOSE: General Support | $10,000 |
San Juan Capistrano, CA PURPOSE: General Support | $8,000 |
Los Angeles, CA PURPOSE: General Support | $7,500 |
Colorado Springs, CO PURPOSE: General Support | $7,200 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Evangelical Christian Credit Union has recieved totaling $49,539.
| Awarding Organization | Amount |
|---|---|
Southwestern Medical Clinic Foundation Benton Harbor, MI PURPOSE: CHARITY SUPPORT | $49,539 |
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 |