Credit Unions In The State Of California

Organization Overview

Credit Unions In The State Of California is located in Ventura, 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, Credit Unions In The State Of California employed 260 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 $41.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $34.7m during the year ending 12/2021. While expenses have increased by 0.3% 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.

Since 2014, Credit Unions In The State Of California has awarded 55 individual grants totaling $448,961. 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

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

FOR THE TWELFTH YEAR IN A ROW, VENTURA COUNTY CREDIT UNION WAS AWARDED THE BEST FINANCIAL INSTITUTION IN VENTURA COUNTY BY THE VC REPORTER BEST OF READERS' POLL. THE CREDIT UNION RECEIVED THE 2021 BEST OF THE BEST AWARD FOR MEMBERS SHOPPERS EXPERIENCE IN RECOGNITION OF THE EXCEPTIONAL SERVICE PROVIDED TO VCCU MEMBERS.


THE CREDIT UNION WAS PRIZED WITH THE TOP BUSINESS LEGACY AWARD BY THE VENTURA COUNTY AREA AGENCY FOR VCCU'S CONTINUOUS CONTRIBUTIONS TO THE VENTURA COMMUNITY.


DURING 2021, VENTURA COUNTY CREDIT UNION'S CEO LINDA ROSSI WAS HONORED WITH THE WOMAN OF THE YEAR AWARD BY THE GREATER CONEJO VALLEY CHAMBER OF COMMERCE. LINDA WAS ALSO NAMED IN THE TOP 50 WOMAN IN BUSINESS BY THE PACIFIC COAST BUSINESS TIMES.


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Board, Officers & Key Employees

Name (title)Compensation
Linda Rossi
President/ceo
$560,396
Linda Sim
CFO
$339,345
Gavin Bradley
COO
$330,072
David Kanongataa
Financial Advisor
$315,808
Chad Ritchie
Cio
$311,598
Sean Mcculloch
Avp Commercial Lending
$277,878

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Business Data Inc
Accounting
$544,709
Alogent Holdings Inc
Technology Solutions
$522,774
Co-op
Credit Cards Mgmt And Processing
$1,927,300
Dovenmuehle Mortgage Inc
Financial Services
$466,977
Jack Henry & Associates Inc
Financial Services
$356,555
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$37,652,588
Investment income $3,248,270
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 $41,276,672

Grants Awarded

Over the last fiscal year, Credit Unions In The State Of California has awarded $86,985 in support to 5 organizations.

Grant RecipientAmount

THE FOUNDATION OF VENTURA COUNTY CREDIT UNION

Org PageRecipient Profile

Ventura, CA

PURPOSE: PROVIDING FINANCIAL ASSISTANCE AND EDUCATION TO LOCAL PARTNERS.

$49,885

WORLDWIDE FOUNDATION FOR CREDIT UNIONS

Org PageRecipient Profile

Madison, WI

PURPOSE: SUPPORT CREDIT UNION SYSTEMS & MEMBERS IN DEVELOPMENT ACTIVITIES.

$12,500

CHANNEL ISLANDS YMCA

Org PageRecipient Profile

Santa Barbara, CA

PURPOSE: TO HELP BUILD HEALTHY, CONFIDENT, CONNECTED, AND SECURE CHILDREN, ADULTS, FAMILIES, AND COMMUNITIES.

$10,500

FOOD SHARE OF VENTURA COUNTY

Org PageRecipient Profile

Oxnard, CA

PURPOSE: TO HELP THE FIGHT AGAINST HUNGER IN VENTURA COUNTY.

$7,500

CHILDREN'S MIRACLE NETWORK

Org PageRecipient Profile

Salt Lake City, UT

PURPOSE: TO HELP SAVE THE LIVES OF CHILDREN BY RAISING FUNDS AND AWARENESS FOR LOCAL CHILDREN'S HOSPITALS.

$6,600
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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