Credit Unions In The State Of California
- Assets
- $41.7m
- Revenue
- $1.2m
- Investments
- $7.9m
- Employees
- 11
- Location
- Redding, CA
- Founding
- Data as of
- 12/2015
- EIN
- 94-1516523
Organization Overview
Credit Unions In The State Of California is located in Redding, CA. As of 12/2015, Credit Unions In The State Of California employed 11 individuals. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OUR MEMBERSHIP THE HIGHEST LEVEL OF SERVICE IN THE DELIVERY OF A COMPREHENSIVE COLLECTION OF FINANCIAL PRODUCTS AND SERVICES WHICH ARE COMPETITIVELY PRICES AND TECHNOLOGICALLY CURRENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CODE 552130 THE CREDIT UNION'S THREE LARGEST PROGRAM SERVICES ARE PROVIDING SAVINGS AND TRANSACTION ACCOUNTS TO OUR MEMBERS, AND LENDING TO OUR MEMBERS. STAR HAD 3112 MEMBERS AS OF 12-31-15. SAVINGS: STAR MEMBERS HAD 4047 SAVINGS ACCOUNTS AS OF 12-31-15, INCLUDING SHARE ACCOUNTS, SHARE CERTIFICATES, IRA/KEOGH, AND OTHER SAVINGS ACCOUNTS, TOTALING MORE THAN 23 MILLION DOLLARS.
CODE 522130 TRANSACTION ACCOUNTS AND RELATED FINANCIAL SERVICES: STAR MEMBERS HAD 2151 SHARE DRAFT AND MONEY MARKET ACCOUNTS AS OF 12-31-15, TOTALING NEARLY 14.7 MILLION DOLLARS. MEMBERS ENJOY THE USE OF OUR TRANSACTIONAL ONLINE BANKING SERVICES (1279 USERS DURING THE FOURTH QUARTER OF 2015), ATM/DEBIT CARDS (2161 CARDS AS OF 12-31-15), BILL PAYERS SERVICES (251 ACTIVE ACCOUNTS), AND MOBILE BANKING SERVICE (428 USERS).
CODE 522130 LENDING: STAR CCU HAS 898 LOANS OUTSTANDING TO ITS MEMBERS AS OF 12-31-15, TOTALING MORE THAN 11 MILLION DOLLARS. TYPES OF OUTSTANDING LOANS INCLUDE UNSECURED, OVERDRAFT, SHARED SECURED, HELOCS, FIRST AND SECOND MORTGAGE LOANS, MEMBER BUSINESS LOANS, PARTICIPATION LOANS, NEW AND USED VEHICLE LOANS, AND CREDIT CARD LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph W Kelly President/ceo | Officer | 40 | $1,306,097 |
Carl Waters Chairperson | Trustee | 1 | $0 |
Richard Parker Board Members | Trustee | 1 | $0 |
Ralph Meuter Board Members | Trustee | 1 | $0 |
Andrew Parkenson Treasurer | Trustee | 1 | $0 |
Sharon O'quin Secretary | Trustee | 1 | $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 | $2,624 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,624 |
| Total Program Service Revenue | $667,229 |
| Investment income | $478,193 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,160 |
| 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 | $1,176,692 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $443 |
| 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. | $134,986 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $253,380 |
| Pension plan accruals and contributions | $21,164 |
| Other employee benefits | $117,780 |
| Payroll taxes | $50,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $179,245 |
| Advertising and promotion | $3,019 |
| Office expenses | $75,597 |
| Information technology | $106,242 |
| Royalties | $0 |
| Occupancy | $34,047 |
| Travel | $2,079 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $199 |
| Interest | $40,184 |
| Payments to affiliates | $11,499 |
| Depreciation, depletion, and amortization | $15,616 |
| Insurance | $26,288 |
| All other expenses | $1,250 |
| Total functional expenses | $1,120,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,987 |
| Savings and temporary cash investments | $6,177,418 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,009 |
| Loans from Officers, Directors, or Controlling Persons | $20,794 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,982,315 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,859 |
| Net Land, buildings, and equipment | $599,979 |
| Investments—publicly traded securities | $24,493 |
| Investments—other securities | $7,902,412 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,711,475 |
| Total assets | $41,681,741 |
| Accounts payable and accrued expenses | $193,500 |
| 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 | -$28,239 |
| Total liabilities | $165,261 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $37,805,324 |
| Paid-in or capital surplus, or land, building, or equipment fund | $416,294 |
| Total net assets or fund balances | $41,516,480 |
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