Credit Unions In The State Of California

Organization Overview

Credit Unions In The State Of California is located in Stockton, 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, Credit Unions In The State Of California employed 113 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 12/2021, Credit Unions In The State Of California generated $14.4m 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 $38.2m during the year ending 12/2021. 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

TO PROVIDE CREDIT UNION SERVICE TO MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FINANCIAL CENTER CREDIT UNION SERVES 30,000 MEMBERS WITH $634 MILLION IN ASSETS, $102 MILLION IN LOANS TO MEMBERS, AND $540 MILLION IN MEMBER DEPOSITS AS OF 09-30-21. FINANCIAL CENTER CREDIT UNION MERGED INTO VALLEY STRONG CREDIT UNION AS OF 10-01-21.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Duffy
President & CEO
$667,326
Nora Stroh
Executive Vp/coo
$232,976
Steve Leiga
VP Acct & Fin
$204,126
Amanda Verstl
VP Hr & Admin
$122,422
David Rainwater
VP Of Information
$102,756
Linh Vo
Controller
$84,104

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Fiserv Eft Solutions
Cards Processing
$377,801
Fiserv
Data Processing
$356,335
Presort
Stmt And Mail Svcs
$284,890
Diebold
Atm And Tcd
$274,264
Hunton Andrews Kurth Llp
Attorney
$283,145
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$10,674,639
Investment income $3,684,434
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 $57,786
Miscellaneous Revenue$0
Total Revenue $14,416,859

Peer Organizations

Organization NameAssets
California Credit Union
Glendale, CA
$164,391,792
Credit Unions In The State Of California
Sunnyvale, CA
$197,844,755
Educational Employees Credit Union
Fresno, CA
$140,033,802
Oregon Community Credit Union
Eugene, OR
$182,242,816
Provident Credit Union
Redwood City, CA
$114,626,988
Valley Strong Credit Union
Bakersfield, CA
$131,789,936
Technology Credit Union
San Jose, CA
$173,209,130
One Az Credit Union
Phoenix, AZ
$105,409,190
Credit Unions In The State Of California
San Diego, CA
$114,723,458
Premier America Credit Union
Chatsworth, CA
$107,505,968
Vantage West Credit Union
Tucson, AZ
$106,118,675
Altura Credit Union
Riverside, CA
$106,884,732

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