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 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 12/2023, Credit Unions In The State Of California employed 146 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 12/2023, Credit Unions In The State Of California generated $45.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $40.3m during the year ending 12/2023. While expenses have increased by 9.3% per year over the past 9 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

2023

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

THE CREDIT UNION PROVIDED DEPOSIT ACCOUNTS AND LOAN SERVICES TO 44,861 MEMBERS AS OF DECEMBER 31, 2023. IN 2023, 6,261 LOANS WERE MADE TO MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Nora Yusa
Board Chairperson
$0
Venest Henry-Evans
Board 1st Vice Chair
$0
Gladys Berry
Board Secretary
$0
Gerard Watson
Assistant Secretary
$0
Belinda Walker
Board Treasurer
$0
Brian Lam
Assistant Treasurer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Upstart Network Inc
Cloud Services
$1,560,417
Alkami
Cloud Services
$672,398
Jack Henry And Associates Inc
Financial Services
$730,246
Business Data Inc
Web,print Mail And Archive Channels
$426,395
Temenos Usa Inc
Cloud Services
$165,975
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$36,545,127
Investment income $6,389,138
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$6,472
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $45,747,261

Grants Awarded

Over the last fiscal year, Credit Unions In The State Of California has awarded $42,100 in support to 3 organizations.

Grant RecipientAmount

LOS ANGELES CLEANTECH INCUBATOR

PURPOSE: TO FOCUS THE PRIVATE AND PUBLIC SECTORS ON THE PROCESSES AND TECHNOLOGIES.

$27,500

SHELTER 37 INCORPORATED

PURPOSE: TO PROVIDE LIFE, LEADERSHIP, AND EDUCATIONAL TRAINING AND PROGRAMS

$8,600

LOS ANGELES UNIFIED SCHOOL DISTRICT

PURPOSE: TO SUPPORT THE LOS ANGELES UNIFIED SCHOOL DISTRICT.

$6,000
View Grant Profile

Peer Organizations

Organization NameAssets
Educational Employees Credit Union
Fresno, CA
$167,213,088
Selco Community Credit Union
Springfield, OR
$139,819,159
One Az Credit Union
Phoenix, AZ
$127,189,432
Credit Unions In The State Of California
Rancho Cucamonga, CA
$120,311,183
Premier America Credit Union
Chatsworth, CA
$127,070,331
Credit Unions In The State Of California
Downey, CA
$112,970,824
Credit Unions In The State Of California
Santa Ana, CA
$118,830,990
Credit Unions In The State Of California
San Diego, CA
$133,395,792
Advantis Credit Union
Oregon City, OR
$98,680,885
Credit Unions In The State Of California
Hollywood, CA
$100,298,881
Greater Nevada Credit Union
Carson City, NV
$81,598,679
Frontwave Credit Union
Oceanside, CA
$81,717,886
Truwest Credit Union
Tempe, AZ
$92,658,143
Credit Unions In The State Of California
Eureka, CA
$85,336,490
Schools Financial Credit Union
Sacramento, CA
$101,261,825
San Francisco Fire Credit Union
San Francisco, CA
$76,702,935
Credit Unions In The State Of California
Yuba City, CA
$66,362,551
Arizona Financial Credit Union
Phoenix, AZ
$80,017,866
Unitus Community Credit Union
Portland, OR
$70,835,899
Keypoint Credit Union
San Jose, CA
$69,312,506
Credit Unions In State Of Arizona
Glendale, AZ
$73,825,794
Credit Unions In The State Of
San Diego, CA
$62,378,718
Rivermark Community Credit Union
Beaverton, OR
$65,250,684
University Credit Union
Los Angeles, CA
$60,522,723
Credit Unions In The State Of California
Ventura, CA
$66,662,060

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