Credit Unions In The State Of California

Organization Overview

Credit Unions In The State Of California is located in Downey, 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 12/2020, Credit Unions In The State Of California employed 353 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 12/2020, Credit Unions In The State Of California generated $83.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $72.6m during the year ending 12/2020. While expenses have increased by 9.0% per year over the past 6 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.

Since 2015, Credit Unions In The State Of California has awarded 20 individual grants totaling $275,506. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

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

RECEIVED THE BANK-ON CERTIFICATION - GIVING ACCESS TO A CHECKING ACCOUNT FOR ALL PEOPLE.


RECEIVED A GRANT FOR CREDIT BUILDER LOAN FOR LOW MOD INCOME HOUSEHOLDS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Lavonne Wann
Consulting Services
$186,016
Js&a Llc
Consulting Services
$116,203
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$81,954,216
Investment income $1,874,137
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $46,293
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $83,874,646

Grants Awarded

Over the last fiscal year, Credit Unions In The State Of California has awarded $65,500 in support to 4 organizations.

Grant RecipientAmount

CHILDREN'S MIRACLE NETWORK

Org PageRecipient Profile

Salt Lake City, UT

PURPOSE: PROVIDE FINANCIAL SUPPORT FOR MEDICAL CARE FOR CHILDREN

$35,500

COLUMBIA MEMORIAL SPACE CENTER

Org PageRecipient Profile

Downey, CA

PURPOSE: THROUGH WORLD-CLASS PROGRAMS AND ENGAGING EXHIBITS, THE COLUMBIA MEMORIAL SPACE CENTER STRIVES TO IGNITE A COMMUNITY OF CRITICAL AND CREATIVE THINKERSLEADERSHIP.

$15,000

Orange, CA

PURPOSE: PROVIDES RESOURCES AND CREATES PARTNERSHIPS THAT SUPPORT CHOC CHILDREN'S MISSION TO NURTURE, ADVANCE AND PROTECT THE HEALTH AND WELL-BEING OF CHILDREN.

$10,000

WORLDWIDE FOUNDATION FOR CREDIT UNIONS INC

Org PageRecipient Profile

Madison, WI

PURPOSE: HELP ALLEVIATE POVERTY THROUGH THE DEMOCRATIC POWER OF CREDIT UNIONS.

$5,000
View Grant Profile

Peer Organizations

Organization NameAssets
California Credit Union
Glendale, CA
$164,391,792
Credit Unions In The State Of California
Sunnyvale, CA
$197,844,755
Educational Employees Credit Union
Fresno, CA
$140,033,802
Oregon Community Credit Union
Eugene, OR
$182,242,816
Provident Credit Union
Redwood City, CA
$114,626,988
Valley Strong Credit Union
Bakersfield, CA
$131,789,936
Technology Credit Union
San Jose, CA
$173,209,130
One Az Credit Union
Phoenix, AZ
$105,409,190
Credit Unions In The State Of California
San Diego, CA
$114,723,458
Premier America Credit Union
Chatsworth, CA
$107,505,968
Vantage West Credit Union
Tucson, AZ
$106,118,675
Altura Credit Union
Riverside, CA
$106,884,732

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