Credit Unions In The State Of California

Organization Overview

Credit Unions In The State Of California is located in Los Angeles, CA. The organization was established in 0000. 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 09/2022, Credit Unions In The State Of California employed 20 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 09/2022, Credit Unions In The State Of California generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $3.8m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.

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

AS A MEMBER OWNED COOPERATIVE, CALIFORNIA BEAR CREDIT UNION PROVIDED OVERDRAFT PROTECTION SERVICES TO ITS MEMBERS AT AN AVERAGE COST REDUCTION OF $7.00 PER ITEM COMPARED TO BANKS.


AS A MEMBER OWNED COOPERATIVE, CALIFORNIA BEAR CREDIT UNION WORKED DILIGENTLY IN HELPING ITS MEMBER AND BUSINESS OWNERS TO KEEP THEIR HOMES AND BUSINESSES BY AGREEING TO LOAN MODIFICATIONS THAT ALLOWED MEMBERS TO RETAIN THEIR HOMES AND BUSINESS OWNERS THEIR BUSINESSES.


CALIFORNIA BEAR CREDIT UNION PROVIDES ATM SERVICES TO ITS MEMBERS FREE OF CHARGE FOR USE OF THE COOP ATM NETWORK, AND IT PROVIDES ATM ACCESSIBILITY FOR NON-MEMBERS AT A MARGINAL USAGE FEE THAT IS ON AVERAGE 50% LOWER OF THOSE FEES IMPOSED BY BANKS FOR ATM USE OF THEIR ATM BY NON-MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Douglas Failing
Chairman Of The Board
$0
Maria Reynolds-Brooks
Board Vice-Chairman
$0
Fernando Roldan
Director
$0
Diane Fowler
Director
$0
Emanuel Obiora
Director
$0
Demetris Teal
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Jack Henry & Associates Inc
Financial Services
$464,369
Advantage Group Staffing Inc
Employment Agency
$119,825
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$2,758,586
Investment income $371,435
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 $0
Miscellaneous Revenue$0
Total Revenue $3,130,021

Peer Organizations

Organization NameAssets
Credit Unions In The State Of California
Sacramento, CA
$21,111,349
Safeamerica Credit Union
Pleasanton, CA
$21,376,777
Wheelhouse Credit Union
San Diego, CA
$17,871,184
1st Northern California Credit Union
Martinez, CA
$16,635,726
Boulder Dam Credit Union
Boulder City, NV
$23,391,791
Credit Unions In The State Of California
Sacramento, CA
$17,991,070
Tucson Old Pueblo Credit Union Arizona
Tucson, AZ
$11,807,934
Weststar Credit Union
Las Vegas, NV
$13,305,618
Credit Unions In The State Of California
Santa Cruz, CA
$14,177,074
Monterey Credit Union
Monterey, CA
$12,967,037
Credit Unions In The State Of California
Rancho Cordova, CA
$12,093,694
Credit Unions In The State Of California
Redlands, CA
$11,695,246
Matadors Community Credit Union
Chatsworth, CA
$13,819,035
Credit Unions In The State Of Arizona
Tempe, AZ
$13,305,523
Credit Unions In The State Of California
Santa Rosa, CA
$10,601,574
Oregonians Credit Union
Milwaukie, OR
$11,837,006
Members 1st Credit Union
Redding, CA
$12,578,808
Ilwu Federal Credit Union
Long Beach, CA
$11,612,140
Financial Horizons Credit Union
Hawthorne, NV
$12,765,860
First Imperial Credit Union
El Centro, CA
$10,509,894
Priority One Credit Union
South Pasadena, CA
$9,483,146
E-Central Credit Union
Pasadena, CA
$11,789,670
Credit Unions In The State Of California
Redondo Beach, CA
$8,170,718
Deer Valley Credit Union
Phoenix, AZ
$8,639,615
Credit Unions In The State Of California
Garberville, CA
$8,162,319

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