Credit Unions In The State Of California

Organization Overview

Credit Unions In The State Of California is located in Hollywood, CA. The organization was established in 2016. 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 300 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 $73.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $56.5m during the year ending 12/2021. While expenses have increased by 5.3% 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.

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

FIRST ENTERTAINMENT CREDIT UNION OFFERS ITS MEMBERS A VARIETY OF SAVINGS PROGRAMS INCLUDING CHECKING ACCOUNTS, MONEY MARKET ACCOUNTS, TERM SAVINGS CERTIFICATES, AND IRAS. ADDITIONALLY, THE CREDIT UNION OFFERS BUSINESS CHECKING AND MONEY MARKET ACCOUNTS.


FIRST ENTERTAINMENT CREDIT UNION MEMBERS HAVE ACCESS TO A VARIETY OF LOAN PRODUCTS INCLUDING PERSONAL AND AUTO LOANS AND A COMPREHENSIVE PORTFOLIO OF REAL ESTATE LOANS. ADDITIONALLY, THE CREDIT UNION OFFERS A COMPLETE SUITE OF COMMERCIAL REAL ESTATE AS WELL AS COMMERCIAL AND INDUSTRIAL LOANS TO SERVICE BUSINESS LENDING NEEDS.


FIRST ENTERTAINMENT CREDIT UNION MEMBERS ENJOY FREE ONLINE ACCOUNT ACCESS AS WELL AS A VARIETY OF ADDITIONAL MEMBER-ONLY BENEFITS.


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Board, Officers & Key Employees

Name (title)Compensation
Lisa Landt
President/ceo
$509,844
Thomas E Orman
Svp/clo
$299,227
Edward Chou
Real Estate Loan Officer
$287,308
Kenneth Kramer
Svp/cfo
$281,693
Michelle Frattolin Former
Svp/cao/chro
$276,416
Jacquelyn Payton
Real Estate Loan Officer
$270,151

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cornerstone Advisors Inc
Consulting
$369,441
Styskal Wiese & Melchione Llp
Legal Services
$170,335
Mb Interim Leaders Llc
Temporary Employees Agency
$161,280
Avtex Solutions Llc
Customer Service Experience
$127,618
Allied Universal Security Services
Security Services
$347,476
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$65,174,656
Investment income $8,336,645
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$70,290
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $73,701,401

Grants Awarded

Over the last fiscal year, Credit Unions In The State Of California has awarded $22,500 in support to 2 organizations.

Grant RecipientAmount

CHILDREN'S MIRACLE NETWORK HOSPITAL

Org PageRecipient Profile

Salt Lake City, UT

PURPOSE: TO PROVIDE THE BEST CARE FOR KIDS IN CHILDREN'S HOSPITALS

$16,500

CALIFORNIA CREDIT UNION LEAGUE

Org PageRecipient Profile

Ontario, CA

PURPOSE: PARTNERS FOR ADVOCACY PROGRAM SPONSORSHIP

$6,000
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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