Southland Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 951585409 ✦ Los alamitos, CA ✦ Designated as a 501(c)(14)

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Overview

What is Southland Credit Union?

Southland Credit Union is a California-based financial institution, specifically located at 10701 Los Alamitos Blvd, Los Alamitos. With a dedicated team of 189 employees, they offer their membership affordable loans and high-yield deposit options, emphasizing financial literacy and security. In the year 2022, the credit union granted 20,025 loans and served 63,010 members. Their mission is to deliver exceptional, comprehensive, and innovative financial solutions with uniquely personal Southland service.


Official website here: www.southlandcu.org

Is Southland Credit Union legitimate?

Southland Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Southland 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: $1,182,978
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,808,273

For more financial information, click here


Official website here: www.southlandcu.org

What is the mission statement of Southland Credit Union?

Southland Credit Union is committed to offering its members top-tier financial solutions, encompassing a wide range of comprehensive and innovative offerings. Delivered with a uniquely personal touch, the credit union's services aim to exceed members' expectations. Through low-cost loan options and high-yield deposit alternatives, Southland Credit Union empowers its members to make informed financial decisions and ensures their security. In 2022, the credit union granted 20,025 loans and provided services to a membership base of 63,010 individuals.


Official website here: www.southlandcu.org

Who is the CEO of Southland Credit Union?

Thomas Lent is the President/Ceo of Southland Credit Union. The CEO's salary of Southland Credit Union is $482,653 and their total compensation is $540,443.


Official website here: www.southlandcu.org

What is the revenue of Southland Credit Union?

Southland Credit Union's revenue in 2022 was $39,973,545.


Official website here: www.southlandcu.org

Who are the executives of Southland Credit Union and what are their salaries?

The average compensation at Southland Credit Union during 2022 was $74,028. There are 189 employees and 12 volunteers at Southland Credit Union.


Here are 18 key members and their salaries (Southland Credit Union's CEO's salary is $482,653 and their total compensation is $540,443):


Thomas Lent (President/Ceo)
  • Compensation: $482,653
  • Related: $0
  • Other: $57,790
Rene Lejay (Evp/Coo)
  • Compensation: $303,658
  • Related: $0
  • Other: $31,503
Christopher Burns (Svp/Cfo)
  • Compensation: $280,247
  • Related: $0
  • Other: $27,127
Matthew Herrick (Svp Marketing & Financial Services)
  • Compensation: $245,950
  • Related: $0
  • Other: $32,395
Curtis Bannock (Vp/Cio)
  • Compensation: $205,823
  • Related: $0
  • Other: $30,109
Patty Jimenez (Vp Lending)
  • Compensation: $209,393
  • Related: $0
  • Other: $22,609
Paul Walker (Mortgage Loan Counselor)
  • Compensation: $261,115
  • Related: $0
  • Other: $30,184
Bertrand Villavert (Vp Controller)
  • Compensation: $208,816
  • Related: $0
  • Other: $28,487
Brad Silcox (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Becky Cool (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Willingham (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dolores Arriola (Secretary/Treasurer (Thru 09/20/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Avery (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walter Finnigan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Laird (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Annie Perez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Megan Hiszpanski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jose Manzano (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.southlandcu.org

Where can I find the form 990 for Southland Credit Union?

Southland Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.southlandcu.org

Learn more at the official website: www.southlandcu.org

Mission Statement of Southland Credit Union

Southland Credit Union is committed to delivering exceptional, comprehensive, and innovative financial solutions to its members. This dedication is underpinned by a unique personal touch, embodied in the Southland Service that sets the organization apart.

The mission of Southland Credit Union is twofold. First, they provide a wide range of financial services designed to cater to the diverse needs of their members. From low-cost loans to high-yield deposit options, Southland Credit Union strives to ensure its members have access to the financial tools they require to secure their financial future.

Second, Southland Credit Union places a strong emphasis on financial literacy and security. By educating its members, the organization empowers them to make informed decisions about their money and build a solid financial foundation. During the year 2022, Southland Credit Union granted 20,025 loans and served over 63,010 members. This underscores the organization's commitment to providing valuable financial services and support to its membership.

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Impact




October, 2024

Southland Credit Union significantly impacts its community by providing exceptional and innovative financial solutions tailored to its members' needs. Its commitment to delivering personalized service is evident in the extensive support it offers, with over 20,000 loans granted and services provided to more than 63,000 members in 2022 alone. By offering low-cost loans and high-yield deposit options, Southland helps its members achieve financial security and literacy, empowering them to make informed financial decisions. This focus on education ensures that members are well-equipped to navigate their financial journeys, further enhancing their overall well-being. With its roots in Los Alamitos, California, Southland Credit Union plays a vital role in fostering economic growth and stability within the community.




This information is meant to be a general summary of Southland 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.

Revenue
$39,973,545 (2022)
Expenses
$34,996,029 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,271,516
  • Program Service Revenue: $34,683,253
  • Gross Receipts: $120,930,521

Assets and Liabilities:

  • Total Assets: $1,085,641,771
  • Total Liabilities: $1,019,139,187
  • Net Assets: $66,502,584

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST INCOME ON LOANS

Revenue

$27,076,269

FEES AND CHARGES

Revenue

$4,193,995

INTERCHANGE INCOME

Revenue

$2,233,475

OTHER OPERATING INCOME

Revenue

$1,179,514

Organization Details

Founding Year

1936

Principal Officer

Thomas Lent

Main Address

10701 LOS ALAMITOS BLVD, LOS ALAMITOS, CA, 90720

NTEE Category

Code: W60 - Public benefit

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