Overview
What is Financial Partners Credit Union?
Financial Partners Credit Union is a cooperative organization based in Downey, California, with a location at 7800 East Imperial Highway, ZIP code 90242. Established to promote thrift and savings among its members, the credit union offers a source of credit with rates determined by its board of directors. As a democratic institution, Financial Partners Credit Union empowers its members to use and control their own money, aiming to improve their economic and social conditions. The credit union's business is conducted for the mutual benefit and general welfare of its members, with earnings, savings, benefits, or services being distributed to them as patrons. The credit union has a workforce of 388 employees.
Official website here: www.fpcu.org
What do the Facebook reviews say about Financial Partners Credit Union?
88% of 268 reviewers on Facebook recommend Financial Partners Credit Union. Here is a summary of their reviews:
Many members express long-term loyalty and appreciation for the credit union, noting a positive customer service experience and a strong sense of community. Reviewers highlight how the organization has consistently provided assistance during rare issues with their accounts, reinforcing the notion that they truly value their members.
Overall, sentiments are largely positive, with customers feeling that Financial Partners Credit Union lives up to its promise of being a supportive financial partner. Members fondly recall their history with the institution, suggesting that this credit union has established a dependable and trusted relationship over the years.
This AI summary has been generated from reviews found on Facebook.
Is Financial Partners Credit Union legitimate?
Financial Partners Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Financial Partners 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: $11,537,113
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,877,736
For more financial information, click here
Official website here: www.fpcu.org
What is the mission statement of Financial Partners Credit Union?
Financial Partners Credit Union is a cooperative established to encourage savings and thrift among its members. Its primary goal is to provide a source of affordable credit and offer members the opportunity to manage their own finances on a democratic basis. By conducting business for the mutual benefit and general welfare of its members, the credit union distributes earnings, savings, benefits, or services back to its patrons. The cooperative structure of Financial Partners Credit Union empowers its members to improve their economic and social conditions.
Official website here: www.fpcu.org
Who is the CEO of Financial Partners Credit Union?
Nader Moghaddam is the President/Ceo of Financial Partners Credit Union. The CEO's salary of Financial Partners Credit Union is $1,255,482 and their total compensation is $1,310,869.
Official website here: www.fpcu.org
What is the revenue of Financial Partners Credit Union?
Financial Partners Credit Union's revenue in 2022 was $83,728,887.
Official website here: www.fpcu.org
Who are the executives of Financial Partners Credit Union and what are their salaries?
The average compensation at Financial Partners Credit Union during 2022 was $70,657. There are 388 employees and 16 volunteers at Financial Partners Credit Union.
Here are 49 key members and their salaries (Financial Partners Credit Union's CEO's salary is $1,255,482 and their total compensation is $1,310,869):
- Compensation: $4,988
- Related: $0
- Other: $0
- Compensation: $1,050
- Related: $0
- Other: $0
- Compensation: $1,325
- Related: $0
- Other: $0
- Compensation: $2,162
- Related: $0
- Other: $0
- Compensation: $2,135
- Related: $0
- Other: $0
- Compensation: $754
- Related: $0
- Other: $0
- Compensation: $4,886
- Related: $0
- Other: $0
- Compensation: $3,436
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,056
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $4,178
- Related: $0
- Other: $0
- Compensation: $2,622
- Related: $0
- Other: $0
- Compensation: $1,111
- Related: $0
- Other: $0
- Compensation: $1,255,482
- Related: $0
- Other: $55,387
- Compensation: $472,352
- Related: $0
- Other: $46,654
- Compensation: $573,942
- Related: $0
- Other: $48,887
- Compensation: $447,414
- Related: $0
- Other: $27,000
- Compensation: $399,749
- Related: $0
- Other: $46,654
- Compensation: $395,308
- Related: $0
- Other: $41,957
- Compensation: $327,476
- Related: $0
- Other: $42,641
- Compensation: $320,789
- Related: $0
- Other: $39,665
- Compensation: $318,524
- Related: $0
- Other: $12,500
- Compensation: $293,115
- Related: $0
- Other: $19,816
- Compensation: $292,004
- Related: $0
- Other: $32,691
- Compensation: $274,335
- Related: $0
- Other: $36,889
- Compensation: $253,846
- Related: $0
- Other: $19,654
- Compensation: $216,818
- Related: $0
- Other: $21,584
- Compensation: $210,490
- Related: $0
- Other: $28,029
- Compensation: $210,146
- Related: $0
- Other: $25,891
- Compensation: $208,551
- Related: $0
- Other: $20,488
- Compensation: $202,886
- Related: $0
- Other: $40,220
- Compensation: $199,626
- Related: $0
- Other: $35,457
- Compensation: $191,576
- Related: $0
- Other: $28,618
- Compensation: $173,786
- Related: $0
- Other: $35,974
- Compensation: $161,608
- Related: $0
- Other: $30,389
- Compensation: $156,093
- Related: $0
- Other: $21,805
- Compensation: $155,110
- Related: $0
- Other: $26,405
- Compensation: $142,031
- Related: $0
- Other: $35,886
- Compensation: $129,566
- Related: $0
- Other: $24,313
- Compensation: $126,115
- Related: $0
- Other: $19,447
- Compensation: $96,378
- Related: $0
- Other: $16,657
- Compensation: $442,679
- Related: $0
- Other: $21,634
- Compensation: $262,660
- Related: $0
- Other: $20,085
- Compensation: $1,197,655
- Related: $0
- Other: $35,341
- Compensation: $520,508
- Related: $0
- Other: $26,209
- Compensation: $322,089
- Related: $0
- Other: $38,978
- Compensation: $286,448
- Related: $0
- Other: $17,442
- Compensation: $270,255
- Related: $0
- Other: $42,134
Official website here: www.fpcu.org
Where can I find the form 990 for Financial Partners Credit Union?
Financial Partners Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fpcu.org
Learn more at the official website: www.fpcu.org
Mission Statement of Financial Partners Credit Union
Financial Partners Credit Union, a cooperative organization, is dedicated to fostering thrift and savings among its members. By promoting the importance of saving, the credit union creates a valuable source of credit for its members, offering attractive interest rates that are determined by the board of directors. The credit union's primary objective is to provide its members with the opportunity to manage their own finances in a democratic fashion, ultimately improving their financial and social conditions.
As a cooperative, Financial Partners Credit Union operates for the mutual benefit and general welfare of its members. The credit union's earnings, savings, benefits, or services are distributed to the members as patronage. The cooperative business model allows Financial Partners Credit Union to conduct its operations with the sole intention of enhancing the economic and social well-being of its members. By promoting thrift and savings, the credit union enables its members to access credit at favorable terms, helping them to build a strong financial foundation and seize opportunities for personal growth.
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Impact
October, 2024
Financial Partners Credit Union plays a significant role in promoting financial stability and empowerment within the Downey, CA community. By focusing on thrift and savings among its members, the credit union fosters a culture of financial responsibility and awareness. Its commitment to expanding unsecured lending options, particularly for individuals with lower-tier credit scores, helps bridge the gap for those who may otherwise struggle to access credit. This initiative not only enhances the financial inclusion of underserved populations but also encourages members to improve their economic situations.
As a cooperative, Financial Partners operates democratically, allowing its members to have a say in decision-making processes, and ensuring that financial services are tailored to meet their needs. The earning and benefits generated by the credit union are reinvested back into the community, promoting mutual support and wellbeing. Ultimately, Financial Partners Credit Union is dedicated to improving both the economic and social conditions of its members, contributing to a stronger, more resilient community.
This information is meant to be a general summary of Financial Partners 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: $7,980,694
- Program Service Revenue: $84,693,063
- Gross Receipts: $103,094,513
Assets and Liabilities:
- Total Assets: $2,285,374,736
- Total Liabilities: $2,145,168,078
- Net Assets: $140,206,658
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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
$59,117,041
OTHER OPERATING INCOME
Revenue
$20,468,538
FEE INCOME
Revenue
$5,107,484
Organization Details
Founding Year
1937
Phone
(562) 904-4208Principal Officer
Nader Moghaddam
Main Address
7800 EAST IMPERIAL HIGHWAY, DOWNEY, CA, 90242
Website
www.fpcu.orgNTEE Category
Code: W60 - Public benefit
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