Credit Unions In The State Of California

Organization Overview

Credit Unions In The State Of California is located in Turlock, 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 9 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 $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 7.5% 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

TO PROVIDE AFFORDABLE FINANCIAL SERVICES TO ITS MEMBERS, INCLUDING LOAN RELATIONSHIPS, DEPOSITORY SERVICES, AND DEBIT/CHECK CARDS, AT A CONVENIENT LOCATION AND STAFFED BY PROFESSIONALS WHO PROVIDE EXCELLENT SERVICE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE AFFORDABLE FINANCIAL SERVICES TO ITS 5,441 MEMBERS, INCLUDING LOAN RELATIONSHIPS, DEPOSITORY SERVICES, AND DEBIT/CHECK CARDS, AT A CONVENIENT LOCATION AND STAFFED BY PROFESSIONALS WHO PROVIDE EXCELLENT SERVICE.


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Board, Officers & Key Employees

Name (title)Compensation
Randy Icelow
CEO President
$120,948
Laura Reis
Sr. Loan Office
$81,730
Sossy Hyatt
CFO
$70,411
Misti Brown
Operations Mgr.
$58,670
Laura Rasim
Mbr Service Mgr
$55,317
Jose Sabala
Board Member
$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$907,067
Investment income $505,741
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $4,500
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 $1,573,709

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