Overview
What is California Coast Credit Union?
California Coast Credit Union is a cooperative organization based in San Diego, California. Established with the mission to promote thrift and savings among its members, the credit union offers an opportunity for members to access credit at rates determined by the board of directors. By providing democratic control over their own money, the credit union aims to enhance members' economic and social conditions. The credit union's activities focus on offering consumer loans, such as auto, Visa, and personal lines of credit, to its members. In summary, California Coast Credit Union is a member-driven financial cooperative that strives to promote savings and offer affordable credit services to its members. With a total workforce of 696 individuals, the credit union operates to improve the financial well-being of its members.
Official website here: www.calcoastcu.org
Is California Coast Credit Union legitimate?
California Coast Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. California Coast 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: $4,904,875
Professional Fundraising Fees: $0
Other Salaries and Wages: $41,785,844
For more financial information, click here
Official website here: www.calcoastcu.org
What is the mission statement of California Coast Credit Union?
California Coast Credit Union is a cooperative established to encourage savings and thrift among its members. Its primary goal is to create a credit source for members with interest rates determined by the board of directors. Members have the opportunity to utilize and manage their own funds in a democratic way, aiming to enhance their economic and social conditions. As a cooperative, the credit union operates with the earnings, savings, benefits, or services being distributed among its members. The business is conducted for the mutual benefit and general welfare of its members.
Official website here: www.calcoastcu.org
Who is the CEO of California Coast Credit Union?
Todd Lane is the CEO of California Coast Credit Union The CEO's salary of California Coast Credit Union is $1,053,314 and their total compensation is $2,733,763.
Official website here: www.calcoastcu.org
What is the revenue of California Coast Credit Union?
California Coast Credit Union's revenue in 2023 was $152,463,185.
Official website here: www.calcoastcu.org
Who are the executives of California Coast Credit Union and what are their salaries?
The average compensation at California Coast Credit Union during 2023 was $69,896. There are 668 employees and 17 volunteers at California Coast Credit Union.
Here are 20 key members and their salaries (California Coast Credit Union's CEO's salary is $1,053,314 and their total compensation is $2,733,763):
- Compensation: $3,218
- Related: $0
- Other: $0
- Compensation: $1,608
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $3,218
- Related: $0
- Other: $0
- Compensation: $2,605
- Related: $0
- Other: $0
- Compensation: $1,053,314
- Related: $0
- Other: $1,680,449
- Compensation: $388,497
- Related: $0
- Other: $18,875
- Compensation: $538,271
- Related: $0
- Other: $148,818
- Compensation: $437,047
- Related: $0
- Other: $25,846
- Compensation: $362,870
- Related: $0
- Other: $19,128
- Compensation: $210,182
- Related: $0
- Other: $10,930
- Compensation: $246,474
- Related: $0
- Other: $28,549
- Compensation: $292,907
- Related: $0
- Other: $26,924
- Compensation: $287,773
- Related: $0
- Other: $11,464
- Compensation: $263,432
- Related: $0
- Other: $20,285
- Compensation: $261,946
- Related: $0
- Other: $33,273
Official website here: www.calcoastcu.org
Where can I find the form 990 for California Coast Credit Union?
California Coast Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.calcoastcu.org
Learn more at the official website: www.calcoastcu.org
Mission Statement of California Coast Credit Union
California Coast Credit Union, a cooperative organization, exists with the primary goal of encouraging thrift and savings among its members. By doing so, it serves as a valuable credit source for its members, setting interest rates based on the board of directors' decisions. This democratic setup allows members to make the most of their own money and enhance their economic and social conditions. As a cooperative, the Credit Union operates for the mutual benefit and overall welfare of its members. The earnings, savings, benefits, or services of the Credit Union are redistributed to its members as patrons.
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
California Coast Credit Union plays a significant role in promoting financial well-being among its members in San Diego, California. By fostering thrift and savings, the credit union helps individuals manage their finances effectively while providing valuable access to consumer loans such as auto loans, VISA credit cards, and personal lines of credit.
The cooperative model ensures that the primary focus remains on the members, allowing them to use and control their own money democratically. This empowers individuals to improve their economic and social conditions, creating a community-oriented approach to financial services. As a result, the credit union not only serves its members’ needs but also contributes to the overall economic health of the region by encouraging smart financial practices and providing a supportive environment for growth.
This information is meant to be a general summary of California Coast 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 2023.
- Investment Income: $28,677,199
- Program Service Revenue: $118,948,865
- Gross Receipts: $152,463,185
Assets and Liabilities:
- Total Assets: $3,475,789,984
- Total Liabilities: $3,219,402,599
- Net Assets: $256,387,385
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.
INTEREST ON LOANS
Revenue
$88,386,863
INTERCHARGE INCOME
Revenue
$16,326,225
FEE INCOME
Revenue
$10,589,894
OTHER OPERATING INCOME
Revenue
$3,645,883
Organization Details
Founding Year
1929
Principal Officer
Todd Lane
Website
www.calcoastcu.orgNTEE Category
Code: W60 - Public benefit
If you are a representative of California Coast 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.