Matadors Community Credit Union
- Assets
- $328.6m
- Revenue
- $12.9m
- Investments
- $0.0
- Employees
- 51
- Location
- Chatsworth, CA
- Founding
- 06/1979
- Data as of
- 12/2021
- EIN
- 95-2276317
Organization Overview
Matadors Community Credit Union is located in Chatsworth, 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, Matadors Community Credit Union employed 51 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Matadors Community Credit Union 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, Matadors Community Credit Union generated $12.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $10.1m during the year ending 12/2021. While expenses have increased by 7.2% 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
PROVIDE LOW-COST FINANCIAL SERVICES, HIGH YIELDING DEPOSITS AND LOW-RATE LOANS TO A MEMBER-OWNED COOPERATIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SAVINGS AND LOAN ACCOUNTS TO 20,479 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Broadwell President & CEO | Officer | 50 | $346,263 |
Steve Ruehlen Vpperationsi&t | Officer | 50 | $293,694 |
Jeff Ballard Cfo/senior VP F | Officer | 50 | $226,379 |
Annie Mardoian VP Hr & Admin | Officer | 50 | $203,701 |
Nairi Gerovian Clo/vp Lending | Officer | 50 | $201,581 |
Sandra Fonesca Avp Operations | 45 | $147,748 |
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 | $12,752,492 |
| Investment income | $111,523 |
| 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 | $12,864,015 |
| 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 | $1,482,255 |
| Compensation of current officers, directors, key employees. | $1,293,330 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,814,482 |
| 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 | $725,822 |
| Advertising and promotion | $189,576 |
| Office expenses | $1,109,154 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $455,826 |
| Travel | $41,973 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $26,685 |
| Total functional expenses | $10,070,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $954,505 |
| Savings and temporary cash investments | $67,973,879 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $3,641,746 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $227,211,860 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,306,335 |
| Net Land, buildings, and equipment | $6,956,216 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $669,613 |
| Intangible assets | $0 |
| Other assets | $2,850,570 |
| Total assets | $328,564,724 |
| Accounts payable and accrued expenses | $3,262,531 |
| 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 | $291,423,671 |
| Total liabilities | $294,686,202 |
| 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 | $33,878,522 |
| Total liabilities and net assets/fund balances | $328,564,724 |
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