Overview
What is California Bear Credit Union C/O Credit Union Of Southern California?
California Bear Credit Union C/O Credit Union Of Southern California is a member-owned cooperative located in Los Angeles, California. Its primary mission involves promoting thrift and savings among its members, offering them a source of credit at interest rates set by the board of directors. The cooperative provides overdraft protection services to its members, resulting in an average cost reduction of $7.00 per item compared to banks. As a cooperative, California Bear Credit Union operates for the mutual benefit and general welfare of its members, with earnings, savings, benefits, or services being distributed back to its members. The credit union has a team of 20 employees dedicated to serving its members.
Official website here: www.calbearcu.org
Is California Bear Credit Union C/O Credit Union Of Southern California legitimate?
California Bear Credit Union C/O Credit Union Of Southern California is a legitimate nonprofit organization registered as a 501(c)(14) entity. California Bear Credit Union C/O Credit Union Of Southern California 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: $470,973
Professional Fundraising Fees: $0
Other Salaries and Wages: $610,581
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Official website here: www.calbearcu.org
What is the mission statement of California Bear Credit Union C/O Credit Union Of Southern California?
California Bear Credit Union, affiliated with Credit Union of Southern California, is organized as a cooperative with the primary purpose of promoting thrift and savings among its members. Its mission is to create a source of credit for its members at interest rates determined by the board of directors. Additionally, the credit union provides an opportunity for its members to use and control their own money on a democratic basis, aiming to improve their economic and social conditions. As a cooperative, California Bear Credit Union conducts its business for the mutual benefit and general welfare of its members. The earnings, savings, benefits, or services of the credit union are distributed back to its members as patrons.
Official website here: www.calbearcu.org
Who is the CEO of California Bear Credit Union C/O Credit Union Of Southern California?
Daniel A Graff is the Chairman Of The Board of California Bear Credit Union C/O Credit Union Of Southern California. The CEO's salary of California Bear Credit Union C/O Credit Union Of Southern California is $199,728 and their total compensation is $218,867.
Official website here: www.calbearcu.org
What is the revenue of California Bear Credit Union C/O Credit Union Of Southern California?
California Bear Credit Union C/O Credit Union Of Southern California's revenue in 2022 was $3,130,021.
Official website here: www.calbearcu.org
Who are the executives of California Bear Credit Union C/O Credit Union Of Southern California and what are their salaries?
The average compensation at California Bear Credit Union C/O Credit Union Of Southern California during 2022 was $54,078. There are 20 employees and 11 volunteers at California Bear Credit Union C/O Credit Union Of Southern California.
Here are 13 key members and their salaries (California Bear Credit Union C/O Credit Union Of Southern California's CEO's salary is $199,728 and their total compensation is $218,867):
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- Compensation: $199,728
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- Other: $19,139
- Compensation: $136,941
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- Other: $5,471
- Compensation: $134,304
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- Other: $30,550
Official website here: www.calbearcu.org
Where can I find the form 990 for California Bear Credit Union C/O Credit Union Of Southern California?
California Bear Credit Union C/O Credit Union Of Southern California's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.calbearcu.org
Learn more at the official website: www.calbearcu.org
Mission Statement of California Bear Credit Union C/O Credit Union Of Southern California
California Bear Credit Union, a cooperative organized for the purpose of promoting thrift and savings among its members, is dedicated to creating a source of credit for its members at interest rates set by its board of directors. This cooperative operates on a democratic basis, allowing its members to use and control their own money, thereby aiming to improve their economic and social conditions. By doing so, California Bear Credit Union distributes its earnings, savings, benefits, or services to its members as patrons, benefitting them collectively.
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Impact
October, 2024
California Bear Credit Union, operating under the auspices of the Credit Union of Southern California, significantly enhances the financial well-being of its members by promoting savings and providing access to affordable credit. By offering overdraft protection services at an average cost reduction of $7 per item compared to traditional banks, the credit union helps members manage their finances more effectively.
The cooperative's mission centers on fostering thrift and savings among its members, allowing them to take control of their financial health democratically. This approach benefits the community as a whole, as the earnings and services are reinvested for the mutual benefit of the members, improving their economic conditions. Through its focus on member welfare, California Bear Credit Union illustrates the power of cooperative economics in promoting sustainable financial practices within Los Angeles and beyond.
This information is meant to be a general summary of California Bear Credit Union C/O Credit Union Of Southern California. 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: $371,435
- Program Service Revenue: $2,758,586
- Gross Receipts: $3,130,021
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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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
$2,175,792
FEE INCOME
Revenue
$344,454
OTHER OPERATING INCOME
Revenue
$238,340
Organization Details
Founding Year
1933
Phone
(213) 830-4111Principal Officer
Daniel A Graff
Main Address
300 SOUTH SPRING STREET 1215, LOS ANGELES, CA, 90013
Website
www.calbearcu.orgNTEE Category
Code: W60 - Public benefit
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