My Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 946092012 ✦ Redwood city, CA ✦ Designated as a 501(c)(14)

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Overview

What is My Credit Union?

My Credit Union is a nonprofit financial institution, chartered at the state level, serving a community of 2,231 members in Redwood City, California. Established with a mission to offer competitive financial services, it provides members with affordable deposit and loan accounts, acting as a low-cost source of credit and financial services. The organization, with a modest workforce of eight employees, is committed to fulfilling its members' savings and checking account needs.


Official website here: www.mycuonline.org

Is My Credit Union legitimate?

My Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. My 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: $132,601
Professional Fundraising Fees: $0
Other Salaries and Wages: $386,602

For more financial information, click here


Official website here: www.mycuonline.org

What is the mission statement of My Credit Union?

My Credit Union, as a non-profit entity, is dedicated to offering competitive financial services to its 2,231 members. Its mission is to serve as a low-cost source of credit and financial services, catering to the savings and checking account needs of its members. Essentially, the credit union aims to provide its members with affordable financial solutions, acting as a reliable deposit and loan facility.


Official website here: www.mycuonline.org

Who is the CEO of My Credit Union?

Alex Casillas is the President & Ceo of My Credit Union. The CEO's salary of My Credit Union is $0 and their total compensation is $0.


Official website here: www.mycuonline.org

What is the revenue of My Credit Union?

My Credit Union's revenue in 2020 was $1,251,369.


Official website here: www.mycuonline.org

Who are the executives of My Credit Union and what are their salaries?

The average compensation at My Credit Union during 2020 was $64,900. There are 8 employees and 7 volunteers at My Credit Union.


Here are 9 key members and their salaries (My Credit Union's CEO's salary is $0 and their total compensation is $0):


Alex Casillas (President & Ceo)
  • Compensation: $130,000
  • Related: $0
  • Other: $2,601
Douglas Aguilera (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Ostiller (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Stimler (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Caudill (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dawna Horsley (Sc Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Mirov (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Mosby (Sc Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Diaz (Ceo (Former))
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mycuonline.org

Where can I find the form 990 for My Credit Union?

My Credit Union's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.mycuonline.org

Learn more at the official website: www.mycuonline.org

Mission Statement of My Credit Union

My Credit Union, as a non-profit entity, is chartered by the state and primarily serves a community of 2,231 members. Their mission is centered around providing competitive financial services, acting as a reliable source of credit and low-cost financial solutions for their members. This credit union aims to meet the savings and checking account needs of its members, offering them affordable financial services. By doing so, My Credit Union not only caters to the financial needs of its members but also functions as a low-cost option for credit, thereby promoting financial stability within its community.

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Impact




October, 2024

My Credit Union plays a vital role in the financial wellbeing of its community by offering competitive financial services tailored to the needs of its 2,231 members. Located in Redwood City, CA, it provides essential deposit and loan accounts, making it an accessible and low-cost source of credit for individuals and families. Members benefit from affordable financial services that cater to their savings and checking account requirements, promoting greater financial stability and empowerment. Through its mission, My Credit Union exemplifies a commitment to fostering economic growth and stability within the community, ultimately enhancing the quality of life for its members.




This information is meant to be a general summary of My 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.

Revenue
$1,251,369 (2020)
Expenses
$1,445,444 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $175,091
  • Program Service Revenue: $873,123
  • Gross Receipts: $1,251,369

Assets and Liabilities:

  • Total Assets: $34,108,303
  • Total Liabilities: $31,552,881
  • Net Assets: $2,555,422

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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

$873,123

Organization Details

Founding Year

1963

Principal Officer

Alex Casillas

Main Address

PO Box 5824, Redwood City, CA, 94063

NTEE Category

Code: W60 - Public benefit

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