Credit Unions In The State Of California is located in Westminster, CA. The organization was established in 1979. 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 308 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 $57.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $44.7m during the year ending 12/2021. While expenses have increased by 3.2% 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
A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING LENDING SERVICES TO OUR MEMBER-OWNERS AT MORE ATTRACTIVE RATES WITH LOWER FEES. THE LENDING PRODUCTS OFFERED INCLUDE: HOME LOANS, HOME EQUITY LOANS, AUTO LOANS, MOTORCYCLE LOANS, VISA CREDIT CARDS, PERSONAL LOANS, BOAT LOANS, AND RV LOANS.
PROVIDING DEPOSIT SERVICES FOR OUR MEMBER-OWNERS WITH LOWER FEES AND ATTRACTIVE RATES. THE DEPOSIT SERVICES INCLUDE: CHECKING ACCOUNTS, SHARE SAVINGS, MONEY MARKET ACCOUNTS, SHARE CERTIFICATES OF DEPOSIT, IRAS, SPECIAL OCCASION CLUB ACCOUNTS, AND SUMMER SAVINGS PLANS.
A NEW ON-LINE ACCOUNT OPENING PROGRAM WAS LAUNCHED, A NEW HELOC PROGRAM, EMV CHIP ENABLED ATM MACHINES, EMV CHIP ENABLED DEBIT AND CREDIT CARDS, APPLE, SAMSUNG AND ANDROID PAY WERE INTRODUCED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeffrey Allen Napper President/ceo | Officer | 40 | $997,108 |
Sean Hardeman E.v.p./clo | Officer | 40 | $396,118 |
Susan Wight S.v.p./cfo | Officer | 40 | $296,229 |
Kevin Reed S.v.p./information Systems | Officer | 40 | $276,127 |
Heather Summers S.v.p./marketing | Officer | 40 | $253,719 |
Diane Jarecki S.v.p./human Resources | Officer | 40 | $247,423 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Prenovost Normandin Bergh & Dawe Legal Services | 12/30/16 | $584,685 |
With Out Pink Slip Repossession Services | 12/30/16 | $109,269 |
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 | $51,448,594 |
Investment income | $5,488,113 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $109,380 |
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 | $57,183,235 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $30,729 |
Grants and other assistance to domestic individuals. | $20,750 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $3,501,831 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $12,923,957 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $2,039,357 |
Payroll taxes | $1,065,851 |
Fees for services: Management | $107,182 |
Fees for services: Legal | $736,351 |
Fees for services: Accounting | $108,874 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,541,747 |
Advertising and promotion | $866,327 |
Office expenses | $3,936,022 |
Information technology | $253,391 |
Royalties | $0 |
Occupancy | $1,476,600 |
Travel | $91,206 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $8,300,962 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,140,360 |
Insurance | $31,887 |
All other expenses | $428,328 |
Total functional expenses | $44,657,416 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $8,838,496 |
Savings and temporary cash investments | $226,930,489 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $7,249,502 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $1,826,181 |
Net Land, buildings, and equipment | $4,833,633 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $1,693,711,610 |
Intangible assets | $0 |
Other assets | $35,478,783 |
Total assets | $1,978,868,694 |
Accounts payable and accrued expenses | $6,224,579 |
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 | $1,748,812,815 |
Total liabilities | $1,755,037,394 |
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 | $223,831,300 |
Total liabilities and net assets/fund balances | $1,978,868,694 |
Organization Name | Assets | Revenue |
---|---|---|
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 |
Provident Credit Union Redwood City, CA | $3,536,838,918 | $114,626,988 |
Valley Strong Credit Union Bakersfield, CA | $3,451,789,893 | $131,789,936 |
Technology Credit Union San Jose, CA | $4,123,158,923 | $173,209,130 |
One Az Credit Union Phoenix, AZ | $3,043,080,305 | $105,409,190 |
Credit Unions In The State Of California San Diego, CA | $3,476,522,108 | $114,723,458 |
Premier America Credit Union Chatsworth, CA | $3,406,612,540 | $107,505,968 |
Vantage West Credit Union Tucson, AZ | $2,536,511,128 | $106,118,675 |
Altura Credit Union Riverside, CA | $2,322,631,067 | $106,884,732 |