Credit Unions In The State Of California

Organization Overview

Credit Unions In The State Of California is located in Los Angeles, 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 12/2023, Credit Unions In The State Of California employed 11 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 12/2023, Credit Unions In The State Of California generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO ENGAGE IN PRIMARY BUSINESS OF A CREDIT UNION, TO RECEIVE AND ACCUMULATE FUNDS TO BE LOANED AND TO LOAN OUT TO QUALIFIED MEMBERS OF THIS CREDIT UNION. TO PROMOTE THRIFT, HONESTY, INTEGRITY, BUSINESS METHODS AND THE SPIRIT OF SERVICE AMONG IT'S MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE FINANCIAL/BANKING SERVICES FOR MEMBERS OF THE CREDIT UNION.


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Board, Officers & Key Employees

Name (title)Compensation
Scott Umemoto
CEO
$143,621
Milton Noji
Board Member
$0
Ron Shintani
Vice Chairman
$0
Mika Matsui
Secretary
$0
Loren Petrowski
Director
$0
Kevin Kitashima
Supervisor Comm
$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$0
Investment income $1,450,755
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,390
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,456,203

Peer Organizations

Organization NameAssets
Credit Unions In The State Of California
Sacramento, CA
$21,111,349
Safeamerica Credit Union
Pleasanton, CA
$21,376,777
Wheelhouse Credit Union
San Diego, CA
$17,871,184
1st Northern California Credit Union
Martinez, CA
$16,635,726
Boulder Dam Credit Union
Boulder City, NV
$23,391,791
Credit Unions In The State Of California
Sacramento, CA
$17,991,070
Tucson Old Pueblo Credit Union Arizona
Tucson, AZ
$11,807,934
Weststar Credit Union
Las Vegas, NV
$13,305,618
Credit Unions In The State Of California
Santa Cruz, CA
$14,177,074
Monterey Credit Union
Monterey, CA
$12,967,037
Credit Unions In The State Of California
Rancho Cordova, CA
$12,093,694
Credit Unions In The State Of California
Redlands, CA
$11,695,246
Matadors Community Credit Union
Chatsworth, CA
$13,819,035
Credit Unions In The State Of Arizona
Tempe, AZ
$13,305,523
Credit Unions In The State Of California
Santa Rosa, CA
$10,601,574
Oregonians Credit Union
Milwaukie, OR
$11,837,006
Members 1st Credit Union
Redding, CA
$12,578,808
Ilwu Federal Credit Union
Long Beach, CA
$11,612,140
Financial Horizons Credit Union
Hawthorne, NV
$12,765,860
First Imperial Credit Union
El Centro, CA
$10,509,894
Priority One Credit Union
South Pasadena, CA
$9,483,146
E-Central Credit Union
Pasadena, CA
$11,789,670
Credit Unions In The State Of California
Redondo Beach, CA
$8,170,718
Deer Valley Credit Union
Phoenix, AZ
$8,639,615
Credit Unions In The State Of California
Garberville, CA
$8,162,319

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