San Diego County Credit Union is located in San Diego, 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, San Diego County Credit Union employed 903 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. San Diego County Credit Union 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, San Diego County Credit Union generated $305.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $204.8m during the year ending 12/2021. While expenses have increased by 3.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
STATE CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOAN PRODUCTS AND SERVICES TO MEMBERSHIP
PROVIDE DEPOSIT PRODUCTS AND SERVICES TO MEMBERSHIP
PROVIDE OTHER FINANCIAL SERVICES TO MEMBERSHIP
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Teresa Campbell CEO & President | OfficerTrustee | 60 | $9,573,486 |
Michelle Pagni Executive Vice President, Human Resources | Officer | 60 | $897,224 |
Michael Taylor Bradshaw Evp, Real Estate Lending | Officer | 60 | $717,842 |
Carolyn Kissick Evp, Erm & Chief Risk Officer | Officer | 60 | $620,823 |
Ashlee N Scott Executive VP & CFO | Officer | 60 | $613,049 |
Nathan S Schmidt Evp, Cxo And Digital Channels | Officer | 60 | $584,981 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Sheppard Mullin Richter & Hampton Llp Legal Services | 12/30/21 | $4,285,006 |
Truhome Solutions Llc Real Estate Services | 12/30/21 | $3,394,673 |
Lres Corporation Real Estate Services | 12/30/21 | $1,953,862 |
Allied Universal Security Services Security Services | 12/30/21 | $1,102,293 |
Loomis Cash Handling Services | 12/30/21 | $1,023,386 |
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 | $235,995,920 |
Investment income | $43,638,267 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $41,341 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $305,241,036 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $19,063,608 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $53,693,533 |
Pension plan accruals and contributions | $3,787,608 |
Other employee benefits | $2,181,487 |
Payroll taxes | $7,754,855 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,554,422 |
Fees for services: Accounting | $967,786 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $3,995,039 |
Advertising and promotion | $10,586,226 |
Office expenses | $4,766,933 |
Information technology | $10,076,892 |
Royalties | $0 |
Occupancy | $18,790,341 |
Travel | $426,256 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $21,669,999 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,604,466 |
Insurance | $855,075 |
All other expenses | $4,281,887 |
Total functional expenses | $204,797,185 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $675,540,956 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $5,083,635,102 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $7,843,193 |
Net Land, buildings, and equipment | $36,448,718 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $4,778,795,983 |
Intangible assets | $0 |
Other assets | $235,667,511 |
Total assets | $10,817,931,463 |
Accounts payable and accrued expenses | $55,727,654 |
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 | $9,189,318,436 |
Total liabilities | $9,245,046,090 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $1,572,885,373 |
Total liabilities and net assets/fund balances | $10,817,931,463 |
Organization Name | Assets | Revenue |
---|---|---|
The Golden 1 Credit Union Sacramento, CA | $18,331,687,285 | $525,382,897 |
Patelco Credit Union Dublin, CA | $9,047,982,000 | $276,202,116 |
Onpoint Community Credit Union Portland, OR | $9,040,369,064 | $300,691,175 |
San Diego County Credit Union San Diego, CA | $10,817,931,463 | $305,241,036 |
Credit Unions In The State Of California Pasadena, CA | $5,170,841,754 | $207,665,347 |
Credit Unions In The State Of California Santa Rosa, CA | $7,428,683,362 | $248,972,690 |
Travis Credit Union Vacaville, CA | $4,695,813,134 | $194,928,518 |
Safe Credit Union Folsom, CA | $4,443,372,826 | $162,136,670 |
California Credit Union Glendale, CA | $4,290,889,688 | $164,391,792 |
Credit Unions In The State Of California Sunnyvale, CA | $11,067,829,708 | $197,844,755 |
Educational Employees Credit Union Fresno, CA | $4,681,848,243 | $140,033,802 |
Oregon Community Credit Union Eugene, OR | $2,826,121,126 | $182,242,816 |