Overview
What is California Credit Union?
California Credit Union is a thriving cooperative based in Glendale, California, with an address at 701 North Brand Boulevard, 7th Floor, ZIP code 91203. Established to promote savings and thrift among its members, the credit union offers an opportunity for members to access credit at rates determined by the Board of Directors while democratically controlling their funds. In 2022, the California Credit Union reported a successful year of serving its members, and its mission continues to improve their economic and social conditions. With a workforce of 647 employees, the credit union operates as a cooperative, ensuring its business is conducted for the mutual benefit and general welfare of its members.
Official website here: www.californiacu.org
Is California Credit Union legitimate?
California Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. 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: $8,066,861
Professional Fundraising Fees: $0
Other Salaries and Wages: $43,763,907
For more financial information, click here
Official website here: www.californiacu.org
What is the mission statement of California Credit Union?
California Credit Union is a cooperative dedicated to encouraging savings among its members. Its primary objective is to provide an affordable source of credit and allow members to manage their own funds in a democratic manner. By operating as a cooperative, California Credit Union aims to enhance the economic and social conditions of its members. The earnings, savings, and benefits of the credit union are distributed back to the members as patronage. The cooperative conducts its business with the mutual benefit and general welfare of its members in mind.
Official website here: www.californiacu.org
Who is the CEO of California Credit Union?
Steven O'Connell is the President, Ceo of California Credit Union. The CEO's salary of California Credit Union is $1,063,679 and their total compensation is $1,134,745.
Official website here: www.californiacu.org
What is the revenue of California Credit Union?
California Credit Union's revenue in 2022 was $152,708,557.
Official website here: www.californiacu.org
Who are the executives of California Credit Union and what are their salaries?
The average compensation at California Credit Union during 2022 was $80,109. There are 647 employees and 18 volunteers at California Credit Union.
Here are 33 key members and their salaries (California Credit Union's CEO's salary is $1,063,679 and their total compensation is $1,134,745):
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- Compensation: $1,063,679
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- Other: $71,066
- Compensation: $589,746
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- Other: $71,054
- Compensation: $705,221
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- Compensation: $528,757
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- Other: $44,690
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- Other: $50,554
- Compensation: $410,322
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- Other: $48,204
- Compensation: $368,411
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- Other: $54,431
- Compensation: $367,893
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- Other: $40,694
- Compensation: $326,503
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- Other: $77,955
- Compensation: $305,169
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- Other: $47,735
- Compensation: $1,327,545
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- Compensation: $487,564
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- Other: $34,314
- Compensation: $424,190
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- Other: $47,044
- Compensation: $327,175
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- Other: $48,087
- Compensation: $315,838
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- Other: $41,906
Official website here: www.californiacu.org
Where can I find the form 990 for California Credit Union?
California Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.californiacu.org
Learn more at the official website: www.californiacu.org
Mission Statement of California Credit Union
California Credit Union, a cooperative organization, is dedicated to fostering thrift and savings among its members. Established with the primary goal of creating a reliable source of credit for its members, this cooperative offers attractive interest rates set by its Board of Directors. Members have the unique opportunity to control their own funds on a democratic basis, with the ultimate aim of enhancing their economic and social conditions.
As a cooperative, California Credit Union operates with the mutual benefit and general welfare of its members in mind. The earnings, savings, benefits, or services of the credit union are redistributed back to its patrons. The cooperative business model enables California Credit Union to serve its members more effectively and efficiently, fostering a sense of community and financial empowerment. Members contribute to the credit union's growth and success while reaping the rewards of their collective efforts.
California Credit Union's mission is to provide a democratic financial platform that empowers its members to save, borrow, and manage their money in a cooperative and responsible manner. By promoting thrift and savings, the organization helps its members build a solid financial foundation, enabling them to access credit at favorable rates and improve their overall economic situation. As a cooperative, California Credit Union strives to create a supportive and inclusive financial ecosystem that fosters financial growth, stability, and prosperity for its members.
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Impact
October, 2024
California Credit Union has a significant impact on its members and the community by promoting thrift and savings, while also providing accessible credit options. Based in Glendale, CA, it serves to enhance the economic and social well-being of its members through a democratic and cooperative approach. Members benefit directly from the credit union's earnings, savings, and services, which are distributed back to them, fostering a sense of community and shared success.
In 2022, California Credit Union continued its commitment to supporting its members, facilitating a secure financial environment that empowers individuals to manage their money effectively. By focusing on mutual benefit, the credit union not only helps its members achieve their financial goals but also contributes to a stronger, more sustainable local economy. This cooperative model encourages member control over finances, ensuring that the community's needs are prioritized, ultimately leading to improved economic conditions for all involved.
This information is meant to be a general summary of 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 2022.
- Investment Income: $31,808,522
- Program Service Revenue: $107,341,932
- Gross Receipts: $159,542,194
Assets and Liabilities:
- Total Assets: $4,561,740,327
- Total Liabilities: $4,296,560,656
- Net Assets: $265,179,671
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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
$79,654,777
OTHER OPERATING INCOME
Revenue
$14,352,861
FEE INCOME
Revenue
$13,334,294
Organization Details
Founding Year
1939
Phone
(818) 291-5522Principal Officer
Steven O'Connell
Main Address
701 NORTH BRAND BLVD 7TH FLOOR, GLENDALE, CA, 91203
Website
www.californiacu.orgNTEE Category
Code: W60 - Public benefit
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