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: $3,398,526
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,000,116
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 $993,345 and their total compensation is $1,296,212.
Official website here: www.calcoastcu.org
What is the revenue of California Coast Credit Union?
California Coast Credit Union's revenue in 2022 was $133,395,792.
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 2022 was $59,481. There are 696 employees and 16 volunteers at California Coast Credit Union.
Here are 23 key members and their salaries (California Coast Credit Union's CEO's salary is $993,345 and their total compensation is $1,296,212):
- Compensation: $993,345
- Related: $0
- Other: $302,867
- Compensation: $497,739
- Related: $0
- Other: $136,686
- Compensation: $421,987
- Related: $0
- Other: $21,359
- Compensation: $370,043
- Related: $0
- Other: $19,325
- Compensation: $358,146
- Related: $0
- Other: $16,304
- Compensation: $335,802
- Related: $0
- Other: $19,950
- Compensation: $320,709
- Related: $0
- Other: $26,450
- Compensation: $288,743
- Related: $0
- Other: $20,371
- Compensation: $272,580
- Related: $0
- Other: $26,015
- Compensation: $259,856
- Related: $0
- Other: $30,969
- Compensation: $250,716
- Related: $0
- Other: $18,498
- Compensation: $250,080
- Related: $0
- Other: $28,712
- Compensation: $1,157
- 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: $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
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 2022 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.
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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 2022.
- Investment Income: $26,502,834
- Program Service Revenue: $105,763,899
- Gross Receipts: $133,398,803
Assets and Liabilities:
- Total Assets: $3,475,789,984
- Total Liabilities: $3,219,402,599
- Net Assets: $256,387,385
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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
$72,579,380
INTERCHARGE INCOME
Revenue
$15,980,988
FEE INCOME
Revenue
$10,151,548
OTHER OPERATING INCOME
Revenue
$7,051,983
Organization Details
Founding Year
1929
Phone
(858) 636-4204Principal Officer
Todd Lane
Main Address
PO BOX 502080, SAN DIEGO, CA, 92150
Website
www.calcoastcu.orgNTEE Category
Code: W60 - Public benefit
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