Overview
What is Credit Union In The State Of California Bay Cities Credit Union?
Bay Cities Credit Union, located in Hayward, California, is a cooperative credit union established with the primary goal of promoting thrift and savings among its members. This nonprofit organization offers various deposit accounts such as savings, checking, and certificates. As of December 31, 2022, the Credit Union serves a membership of 8,568 individuals. By setting interest rates for loans and providing an opportunity for members to manage their own funds democratically, Bay Cities Credit Union aims to improve the economic and social conditions of its members. With a dedicated workforce of 23 employees, the Credit Union operates for the mutual benefit and general welfare of its members, distributing its earnings, savings, benefits, or services back to its members as patrons.
Is Credit Union In The State Of California Bay Cities Credit Union legitimate?
Credit Union In The State Of California Bay Cities Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Union In The State Of California Bay Cities 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: $136,222
Professional Fundraising Fees: $0
Other Salaries and Wages: $922,056
For more financial information, click here
What is the mission statement of Credit Union In The State Of California Bay Cities Credit Union?
Bay Cities Credit Union, as a cooperative, is established to encourage savings among its members and provide them with affordable credit at interest rates determined by the board. The primary objective is to give members the opportunity to manage their own funds democratically, thus improving their economic and social conditions. The credit union conducts its operations for the mutual benefit and general welfare of its members, with any earnings, savings, benefits, or services being returned to the members as patrons.
In essence, Bay Cities Credit Union serves as a platform for its members to save, borrow, and manage their money collectively, ultimately enhancing their financial and social well-being. The cooperative structure ensures that the credit union operates for the benefit of its members, with any surplus being returned to them as patronage.
Who is the CEO of Credit Union In The State Of California Bay Cities Credit Union?
Georgette Munoz is the Ceo of Credit Union In The State Of California Bay Cities Credit Union. The CEO's salary of Credit Union In The State Of California Bay Cities Credit Union is $129,904 and their total compensation is $136,222.
What is the revenue of Credit Union In The State Of California Bay Cities Credit Union?
Credit Union In The State Of California Bay Cities Credit Union's revenue in 2022 was $2,783,364.
Who are the executives of Credit Union In The State Of California Bay Cities Credit Union and what are their salaries?
The average compensation at Credit Union In The State Of California Bay Cities Credit Union during 2022 was $46,012. There are 23 employees and 10 volunteers at Credit Union In The State Of California Bay Cities Credit Union.
Here are 6 key members and their salaries (Credit Union In The State Of California Bay Cities Credit Union's CEO's salary is $129,904 and their total compensation is $136,222):
- Compensation: $129,904
- Related: $0
- Other: $6,318
- 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
Where can I find the form 990 for Credit Union In The State Of California Bay Cities Credit Union?
Credit Union In The State Of California Bay Cities Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Credit Union In The State Of California Bay Cities Credit Union
Bay Cities Credit Union, a cooperative entity, is established with the primary objective of fostering thrift and savings among its members. The credit union serves as a platform for its members to borrow funds at interest rates set by its board of directors. Moreover, it provides an opportunity for its members to manage and utilize their own funds in a democratic manner, aiming to enhance their economic and social conditions. As a cooperative, Bay Cities Credit Union operates for the mutual benefit and general welfare of its members. The earnings, savings, benefits, or services of the credit union are distributed among its members, acting as patronage.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Bay Cities Credit Union significantly impacts its members in the state of California by fostering a cooperative environment focused on promoting thrift and savings. With a membership of 8,568 individuals as of December 31, 2022, the credit union provides various deposit account types, including savings, checking, and certificates, tailored to meet the diverse financial needs of its members.
The credit union's mission to create a source of credit allows members to access loans at interest rates determined democratically by its board of directors. This approach empowers members to take control of their financial futures, helping them improve their economic conditions.
Furthermore, by conducting business for the mutual benefit of its members, Bay Cities Credit Union ensures that earnings and benefits are redistributed back to the patrons, enhancing their overall financial well-being. The cooperative model promotes a sense of community and collaboration, enabling members to work together towards shared economic goals, and contributing positively to their social conditions. This focus not only benefits individual members but also strengthens the broader community in Hayward and surrounding areas.
This information is meant to be a general summary of Credit Union In The State Of California Bay Cities 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 2022.
- Investment Income: $545,921
- Program Service Revenue: $2,237,443
- Gross Receipts: $2,783,364
Assets and Liabilities:
- Total Assets: $85,779,594
- Total Liabilities: $79,096,738
- Net Assets: $6,682,856
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees and Charges
Revenue
$209,549
Insurance Income
Revenue
$54,411
Interest On Loans
Revenue
$1,454,239
Non-Member ATM Fee
Revenue
$1,302
Other Operating Income
Revenue
$517,942
Organization Details
Founding Year
1953
Phone
(510) 690-6138Principal Officer
Georgette Munoz
Main Address
22777 MAIN STREET, HAYWARD, CA, 94541
NTEE Category
Code: W60 - Public benefit
If you are a representative of Credit Union In The State Of California Bay Cities Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.