Travis Credit Union
- Assets
- $4.7b
- Revenue
- $193.3m
- Investments
- $0.0
- Employees
- 839
- Location
- Vacaville, CA
- Founding
- 09/1961
- Data as of
- 12/2022
- EIN
- 94-1242831
Organization Overview
Travis Credit Union is located in Vacaville, 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 12/2022, Travis Credit Union employed 839 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Travis 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 12/2022, Travis Credit Union generated $193.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $162.8m during the year ending 12/2022. While expenses have increased by 6.8% per year over the past 8 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 2015, Travis Credit Union has awarded 81 individual grants totaling $1,336,600. 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
2022
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
TRAVIS CREDIT UNION PROVIDES A VARIETY OF LOANS INCLUDING AUTO, MORTGAGES, CREDIT CARD, SMALL BUSINESS AND UNSECURED AT COMPETITIVE RATES FOR OUR MEMBERSHIP, THEREBY, ASSISTING THEM MANAGE THEIR FINANCIAL HEALTH AND GROWTH IN THE FUTURE.
TRAVIS CREDIT UNION PROVIDES A VARIETY OF SAVINGS ACCOUNTS INCLUDING SAVINGS, DEMAND, MONEY MARKET, CERTIFICATES AND INVESTMENTS AT COMPETITIVE RATES FOR OUR MEMBERSHIP, THEREBY, ASSISTING THEM MANAGE THEIR FINANCIAL HEALTH AND GROWTH IN THE FUTURE.
TRAVIS CREDIT UNION PROVIDES FINANCIAL SERVICES TO OUR MEMBERSHIP WHICH ARE SMALL BUSINESS OWNERS DEVELOPING THEIR OWN BUSINESSES IN THE COMMUNITY. THESE MEMBERS PROVIDE VALUED SERVICES AND EMPLOYMENT TO OUR COMMUNITY MEMBERS THEREBY PROVIDING FUTURE GROWTH AND A STRONGER QUALITY OF LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Aspling Board Chairperson | Trustee | 6 | $70 |
Kevin Burke Board Vice Chairperson | Trustee | 4 | $1,228 |
Mary Coburn Board Secretary | Trustee | 4 | $840 |
Douglas Beaumont Board Treasurer | Trustee | 4 | $1,232 |
Dee Alarcon Board Member | Trustee | 4 | $770 |
Leonard Augustine Board Member | Trustee | 4 | $840 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiserv Inc Online Banking Services | 12/30/22 | $3,457,395 |
Smart Source Llc Member Statements | 12/30/22 | $1,886,544 |
Level5 Llc Branch Construction | 12/30/22 | $1,565,731 |
Salesforce Software Services | 12/30/22 | $1,807,779 |
Amf Media Group Advertising | 12/30/22 | $1,356,086 |
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 | $179,915,403 |
| Investment income | $12,695,649 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,833,743 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $193,300,043 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $160,300 |
| Grants and other assistance to domestic individuals. | $40,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $11,368,670 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,645,370 |
| Pension plan accruals and contributions | -$3,258,412 |
| Other employee benefits | $4,988,721 |
| Payroll taxes | $4,309,178 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $239,257 |
| Fees for services: Accounting | $282,422 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,707,792 |
| Advertising and promotion | $3,357,221 |
| Office expenses | $16,313,671 |
| Information technology | $12,371,846 |
| Royalties | $0 |
| Occupancy | $4,601,745 |
| Travel | $927,039 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,126,810 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,656,615 |
| Insurance | $294,160 |
| All other expenses | $452,237 |
| Total functional expenses | $162,759,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,369,786 |
| Savings and temporary cash investments | $260,988,896 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $5,852,265 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,088,018 |
| Net Land, buildings, and equipment | $37,115,573 |
| Investments—publicly traded securities | $468,713,211 |
| Investments—other securities | $0 |
| Investments—program-related | $3,842,528,346 |
| Intangible assets | $0 |
| Other assets | $48,110,580 |
| Total assets | $4,698,766,675 |
| Accounts payable and accrued expenses | $43,461,096 |
| 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 | $4,197,812,049 |
| Total liabilities | $4,241,273,145 |
| 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 | $457,493,530 |
| Total liabilities and net assets/fund balances | $4,698,766,675 |
Grants Awarded
Over the last fiscal year, Travis Credit Union has awarded $153,600 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S MIRACLE NETWORK PURPOSE: TO HELP IN SAVING CHILDREN'S LIVES BY DONATING FUNDS AND RAISING AWARENESS FOR LOCAL CHILDREN'S HOSPITALS. | $22,100 |
TRAVIS LOGISTICS OFFICER ASSOC PURPOSE: TO SUPPORT TO THE UNITED STATES AIR FORCE BY PROVIDING EDUCATIONAL OPPORTUNITIES WITH AN EMPHASIS ON STRATEGIC ENGAGEMENT TO THE TRAVIS AFB LOGISTICS COMMUNITY. | $10,000 |
THE LEAVEN PURPOSE: TO PROVIDE AN EDUCATIONAL AND SPIRITUAL BRIDGE FOR CHILDREN STRIVING TO RESTORE HOPE IN THEMSELVES AND THEIR FUTURE WHILE ACHIEVING ECONOMIC STABILITY. | $36,500 |
VACAVILLE NEIGHBORHOOD BOYS & GIRLS CLUB PURPOSE: TO INSPIRE AND ENABLE THE YOUNG PEOPLE TO REALIZE THEIR FULL POTENTIAL AS PRODUCTIVE, RESPONSIBLE, AND CARING INDIVIDUALS. | $60,000 |
TRAVIS TOP 3 ASSOCIATION PURPOSE: NSPIRES LEADERSHIP QUALITIES AND ENHANCES THE PROFESSIONAL IMAGE OF THE ENLISTED MILITARY MEMBERS. | $10,000 |
WORLD FOUNDATION FOR CREDIT UNIONS PURPOSE: TO SUPPORT CREDIT UNION SYSTEMS AND MEMBERS IN DEVELOPMENT ACTIVITIES. | $15,000 |