San Gabriel Valley Postal Credit Union
- Assets
- $21.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Covina, CA
- Founding
- Data as of
- 12/2015
- EIN
- 95-1186795
Organization Overview
San Gabriel Valley Postal Credit Union is located in Covina, CA. As of 12/2015, San Gabriel Valley Postal Credit Union employed 7 individuals. San Gabriel Valley Postal Credit Union 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
SAN GABRIEL VALLEY POSTAL CREDIT UNION IS A NON PROFIT FINANCIAL COOPERATIVE THAT PROVIDES SERVICES FOR THEIR MEMBERS INCLUDING SAVINGS AND LOANS. THE MISSION OF THE CREDIT UNION IS TO CHARGE THE LEAST IN LOANS AND PAY THE MOST FOR DEPOSITS TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED DEPOSIT AND LOAN ACCOUNTS TO MEMBERS. PROVIDED LOW COST SOURCE OF CREDIT AND LOW COST FINANCIAL SERVICES TO OUR MEMBERS. PROVIDED SOURCE FOR MEMBER SAVINGS AND CHECKING ACCOUNT NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Meeks President & CEO | Officer | 40 | $116,695 |
Katsu Durst VP & Controller | Officer | 0 | $0 |
Dave Miles Chairman | Trustee | 1 | $0 |
Bob Tooney Director | Trustee | 1 | $0 |
Michelle Glush Treas/sec | Trustee | 1 | $0 |
Hugh Ledford Supervisory Com | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $953,933 |
| Investment income | $94,484 |
| 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 | $1,169,765 |
| 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 | $36,730 |
| Compensation of current officers, directors, key employees. | $116,695 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $291,086 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $21,619 |
| Advertising and promotion | $9,513 |
| Office expenses | $205,866 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,749 |
| Travel | $6,188 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $991,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,659 |
| Savings and temporary cash investments | $2,941,053 |
| 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 | $8,546,241 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $220,879 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $9,113,157 |
| Intangible assets | $0 |
| Other assets | $507,684 |
| Total assets | $21,488,673 |
| Accounts payable and accrued expenses | $20,816 |
| 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 | $18,804,424 |
| Total liabilities | $18,825,240 |
| 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 | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $2,663,433 |
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