Overview
What is 1st Northern California Credit Union?
1st Northern California Credit Union is a member-centric financial cooperative based in Martinez, California, specifically at 1111 Pine Street, 94553. Established with the mission to promote thrift and savings among its members, the credit union offers financial products and services at favorable rates, acting as a not-for-profit organization for the mutual benefit of its members. The credit union, which employs 111 individuals, operates under the guidance of a board of directors and strives to create a source of credit for its members. As a cooperative, the earnings, savings, benefits, or services of the credit union are distributed to its members, enhancing their economic and social conditions.
Official website here: www.1stnorcalcu.org
Is 1st Northern California Credit Union legitimate?
1st Northern California Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. 1st Northern California Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,657,856
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,872,021
For more financial information, click here
Official website here: www.1stnorcalcu.org
What is the mission statement of 1st Northern California Credit Union?
The 1st Northern California Credit Union operates as a cooperative, focusing on promoting thrift and savings among its members. Its primary purpose is to provide affordable credit to members, with interest rates set by the board of directors. This credit union offers members an opportunity to control their own money in a democratic manner, aiming to improve their economic and social conditions. As a cooperative, it conducts business with the mutual benefit and general welfare of its members in mind. The earnings, savings, benefits, or services of the credit union are distributed to its members as patronage.
Official website here: www.1stnorcalcu.org
Who is the CEO of 1st Northern California Credit Union?
David Green is the CEO of 1st Northern California Credit Union The CEO's salary of 1st Northern California Credit Union is $469,597 and their total compensation is $487,735.
Official website here: www.1stnorcalcu.org
What is the revenue of 1st Northern California Credit Union?
1st Northern California Credit Union's revenue in 2024 was $27,797,888.
Official website here: www.1stnorcalcu.org
Who are the executives of 1st Northern California Credit Union and what are their salaries?
The average compensation at 1st Northern California Credit Union during 2024 was $74,553. There are 101 employees and 13 volunteers at 1st Northern California Credit Union.
Here are 16 key members and their salaries (1st Northern California Credit Union's CEO's salary is $469,597 and their total compensation is $487,735):
- Compensation: $469,597
- Related: $0
- Other: $18,138
- Compensation: $251,044
- Related: $0
- Other: $27,001
- Compensation: $242,529
- Related: $0
- Other: $22,134
- Compensation: $221,128
- Related: $0
- Other: $21,729
- Compensation: $191,196
- Related: $0
- Other: $2,963
- Compensation: $174,649
- Related: $0
- Other: $15,748
- Compensation: $151,527
- Related: $0
- Other: $22,483
- Compensation: $142,026
- Related: $0
- Other: $16,826
- Compensation: $143,663
- Related: $0
- Other: $10,347
- Compensation: $133,380
- Related: $0
- Other: $16,977
- Compensation: $118,446
- Related: $0
- Other: $12,206
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.1stnorcalcu.org
Where can I find the form 990 for 1st Northern California Credit Union?
1st Northern California Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.1stnorcalcu.org
Learn more at the official website: www.1stnorcalcu.org
Mission Statement of 1st Northern California Credit Union
1st Northern California Credit Union, a cooperative organization, is dedicated to promoting savings and thrift amongst its members. Established with the purpose of creating a source of credit for its members, this Credit Union sets interest rates based on the Board of Directors' decisions. Members have the unique opportunity to use and control their own money in a democratic fashion, which in turn, aims to improve their economic and social conditions. Operating as a cooperative, 1st Northern California Credit Union conducts its business for the mutual benefit and general welfare of its members. The earnings, savings, benefits, or services of this Credit Union are distributed back to its members as patronage.
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Impact
October, 2024
1st Northern California Credit Union plays a significant role in enhancing the financial well-being of its members in Martinez, CA, by offering affordable loans and various financial products and services. By promoting thrift and savings, the credit union fosters a community-oriented approach where members can manage their finances democratically. This ensures that credit is accessible at low interest rates, ultimately improving the economic conditions of individuals and families in the region.
The credit union's cooperative structure allows for collective decision-making, empowering members to take an active role in their financial journey. As earnings and benefits are distributed back to members, the credit union strengthens community ties and promotes a culture of mutual support. Overall, 1st Northern California Credit Union serves as a vital resource for personal empowerment and economic advancement, contributing positively to the local economy and the quality of life for its members.
This information is meant to be a general summary of 1st Northern California Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $12,803,984
- Program Service Revenue: $14,940,432
- Gross Receipts: $27,797,888
Assets and Liabilities:
- Total Assets: $878,372,297
- Total Liabilities: $794,485,225
- Net Assets: $83,887,072
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$12,791,592
INTERCHANGE INCOME
Revenue
$1,454,529
OTHER NON INTEREST INCOME
Revenue
$345,972
FEES AND CHARGES
Revenue
$325,653
NONMEMBER ATM FEES
Revenue
$22,686
Organization Details
Founding Year
1949
Principal Officer
David M Green
Website
www.1stnorcalcu.orgNTEE Category
Code: W61 - Public benefit
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