Overview
What is First City Credit Union?
First City Credit Union is a credit union based in Altadena, California, with a US address at 550 W Woodbury Road, ZIP code 91001. The organization is dedicated to providing financial services to its members, offering a wide range of retail lending products such as auto financing, real estate mortgages, unsecured loans, home equity lines of credit, and other retail credit. With a significant concentration on auto lending, representing approximately half of their total loans, they have emerged as a leading credit union in the country in this area. As of December 31, 2022, they had 57,583 member loans outstanding, with a total balance of $359,640,817. The credit union aims to deliver high-quality financial services, maintaining financially sound and ethical practices to gain the trust and confidence of its members.
Official website here: www.firstcitycu.org
Is First City Credit Union legitimate?
First City Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. First City 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,022,355
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,247,708
For more financial information, click here
What is the mission statement of First City Credit Union?
First City Credit Union is dedicated to serving its members by providing a diverse range of quality financial services. The credit union's mission is to maintain financially sound and ethical practices, meriting trust and confidence from its members. They offer various retail lending products such as auto financing, mortgages, personal loans, home equity lines of credit, and other credit facilities. The credit union is recognized as a leading institution in the country for successful auto lending, accounting for half of its total loans. Despite the challenging economic climate, the credit union continues to expand its lending capabilities, functioning as a reliable source of credit for its members. As of December 31, 2022, First City Credit Union held 57,583 active member loans totaling $359,640,817.
Official website here: www.firstcitycu.org
Who is the CEO of First City Credit Union?
Navneet Khanna is the Ceo of First City Credit Union. The CEO's salary of First City Credit Union is $243,082 and their total compensation is $252,123.
Official website here: www.firstcitycu.org
What is the revenue of First City Credit Union?
First City Credit Union's revenue in 2022 was $29,074,210.
Official website here: www.firstcitycu.org
Who are the executives of First City Credit Union and what are their salaries?
The average compensation at First City Credit Union during 2022 was $61,717. There are 134 employees and 7 volunteers at First City Credit Union.
Here are 16 key members and their salaries (First City Credit Union's CEO's salary is $243,082 and their total compensation is $252,123):
- Lourdes Ruano (Evp/Cfo)
- Navneet Khanna (Ceo)
- Michael Wilkins (Svp/Coo)
- James Miller (Former Ceo)
- Fred Perez (Svp/Clo)
- Qamar Noory (Vp/Cio)
- David Wong (Vp/Cmo)
- Mary Rubio (Vp Of Human Resources)
- Tram Nguyen (Vp Of Financial Services)
- Michael Steinberger (Chair) [Trustee/Director]
- Willa Glover (Vice Chair) [Trustee/Director]
- John Benedict (Secretary) [Trustee/Director]
- Barbara Oliver (Treasurer) [Trustee/Director]
- Carolyn Bernardez (Director)
- Marisa Lopez (Director)
- Christopher Anderson (Director)
Official website here: www.firstcitycu.org
Where can I find the form 990 for First City Credit Union?
The First City Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.firstcitycu.org
Learn more at the official website: www.firstcitycu.org
Mission Statement of First City Credit Union
First City Credit Union, a leading financial institution, is dedicated to delivering high-quality financial services and competitive products to its members. The credit union's mission is grounded in the commitment to offer a wide array of financial services, ensuring value for its customers. Financially sound and ethical practices are priority at First City Credit Union, earning it the confidence and trust of its members.
First City Credit Union excels in retail lending, providing various loan products to its members. Among these offerings are new and used auto financing, real estate mortgages, unsecured loans, home equity lines of credit, and other retail credit. The credit union stands out in the industry for its significant concentration of successful auto lending products, which account for half of its total loans. Amidst the challenging economic conditions in recent years, First City Credit Union continues to strengthen its lending capabilities, serving as a reliable source of credit. By the end of 2022, the credit union had 57,583 active member loans with a combined balance of $359,640,817.
Impact
This information is meant to be a general summary of First City Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
First City Credit Union's impact lies in its commitment to providing high-quality financial services and competitive products to its members. Through retail lending, including offerings such as auto financing, real estate mortgages, unsecured loans, home equity lines of credit, and other retail credit products, First City Credit Union plays a vital role in supporting its members' financial needs. The credit union's focus on developing lending capabilities ensures it remains a reliable source of credit, particularly during challenging economic conditions. With a strong emphasis on member service and financial soundness, First City Credit Union strives to build trust and confidence among its members while offering good value through its range of financial services.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME
Revenue
$13,265,222
FEES & SERVICE CHARGES INCOME
Revenue
$2,585,758
INTERCHANGE INCOME
Revenue
$2,223,221
OTHER INCOME
Revenue
$1,852,591
Organization Details
Founding Year
1937
Phone
(213) 482-3477
Principal Officer
Navneet Khanna
Main Address
550 W WOODBURY ROAD, ALTADENA, CA, 91001
Website
www.firstcitycu.org
NTEE Category
Code: W60 - Public benefit
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