Overview
What is Credit Union Of Southern California?
Credit Union of Southern California is a cooperative based in Anaheim, California, with a workforce of 375 employees. Established with the mission to promote thrift and savings among its members, it offers competitive dividends on savings accounts and serves as a source of credit with interest rates determined by the board of directors. Members have the opportunity to use and control their own money democratically, aiming to enhance their economic and social conditions. The credit union conducts its business for the mutual benefit and general welfare of its members, distributing earnings, savings, benefits, or services to them as patronage.
Official website here: www.cusocal.org
What are the reviews and ratings of this charity?
The Credit Union Of Southern California is not currently rated by Charity Navigator. This lack of rating is due to its classification outside of the 501(c)(3) IRS designation, which is a requirement for evaluation by Charity Navigator. The absence of a rating does not imply any particular judgement about its operations or impact.
It is important to note that while Charity Navigator is unable to provide fiscal and accountability insights for this organization, this is attributed solely to its structure as a non-501(c)(3) entity. Such organizations do not meet the eligibility criteria set by Charity Navigator for evaluation.
The organizational status listed as a subordinate in a group ruling suggests that it follows directives from a parent organization. Without user reviews from GreatNonprofits, specific feedback on stakeholder experiences or organizational impact is unavailable.
This AI summary has been generated from information found on Charity Navigator.
Is Credit Union Of Southern California legitimate?
Credit Union Of Southern California is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Union Of Southern California 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: $7,527,104
Professional Fundraising Fees: $0
Other Salaries and Wages: $29,527,020
For more financial information, click here
Official website here: www.cusocal.org
What is the mission statement of Credit Union Of Southern California?
The Credit Union of Southern California is a cooperative, established with the primary goal of encouraging thrift and savings among its members. It operates as a financial institution, providing affordable credit to its members based on interest rates decided by its board of directors. The cooperative offers its members the opportunity to control their own money and make democratic decisions to enhance their economic and social conditions. As a cooperative, the Credit Union of Southern California conducts business with the mutual benefit and general welfare of its members in mind, distributing earnings, savings, benefits, or services back to them.
Official website here: www.cusocal.org
Who is the CEO of Credit Union Of Southern California?
Dave Gunderson is the CEO of Credit Union Of Southern California The CEO's salary of Credit Union Of Southern California is $1,547,117 and their total compensation is $1,588,752.
Official website here: www.cusocal.org
What is the revenue of Credit Union Of Southern California?
Credit Union Of Southern California's revenue in 2023 was $179,480,392.
Official website here: www.cusocal.org
Who are the executives of Credit Union Of Southern California and what are their salaries?
The average compensation at Credit Union Of Southern California during 2023 was $91,042. There are 407 employees and 16 volunteers at Credit Union Of Southern California.
Here are 34 key members and their salaries (Credit Union Of Southern California's CEO's salary is $1,547,117 and their total compensation is $1,588,752):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $680
- Related: $0
- Other: $0
- Compensation: $1,555
- Related: $0
- Other: $0
- Compensation: $2,301
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $876
- Related: $0
- Other: $0
- Compensation: $1,418
- Related: $0
- Other: $0
- Compensation: $1,040
- Related: $0
- Other: $0
- Compensation: $1,062
- Related: $0
- Other: $0
- Compensation: $789
- Related: $0
- Other: $0
- Compensation: $2,086
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,363
- Related: $0
- Other: $0
- Compensation: $1,353
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $760
- Related: $0
- Other: $0
- Compensation: $1,547,117
- Related: $0
- Other: $41,635
- Compensation: $525,706
- Related: $0
- Other: $11,200
- Compensation: $556,972
- Related: $0
- Other: $26,966
- Compensation: $556,823
- Related: $0
- Other: $18,619
- Compensation: $490,091
- Related: $0
- Other: $34,762
- Compensation: $395,970
- Related: $0
- Other: $39,548
- Compensation: $275,175
- Related: $0
- Other: $9,422
- Compensation: $381,989
- Related: $0
- Other: $23,796
- Compensation: $268,315
- Related: $0
- Other: $21,993
- Compensation: $258,808
- Related: $0
- Other: $5,857
- Compensation: $256,849
- Related: $0
- Other: $13,776
- Compensation: $228,119
- Related: $0
- Other: $15,514
- Compensation: $166,451
- Related: $0
- Other: $1,300
- Compensation: $400,921
- Related: $0
- Other: $26,665
- Compensation: $360,612
- Related: $0
- Other: $33,487
- Compensation: $305,775
- Related: $0
- Other: $19,808
- Compensation: $280,729
- Related: $0
- Other: $30,554
- Compensation: $255,399
- Related: $0
- Other: $14,235
Official website here: www.cusocal.org
Where can I find the form 990 for Credit Union Of Southern California?
Credit Union Of Southern California's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cusocal.org
Learn more at the official website: www.cusocal.org
Mission Statement of Credit Union Of Southern California
Credit Union of Southern California, a cooperative with a noble purpose, is organized to foster savings among its members and create a credit source for them at rates determined by the board of directors. This member-owned financial institution offers its patrons an opportunity to control and use their own money democratically, with the ultimate goal of improving their economic and social conditions. As a cooperative, Credit Union of Southern California operates for the mutual benefit and general welfare of its members. The earnings, savings, benefits, and services of the credit union are distributed back to its members, acting as a vital financial resource for them.
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Impact
October, 2024
Credit Union of Southern California significantly impacts its members and the larger community by fostering a culture of thrift and savings. Located in Anaheim, California, this cooperative is designed to empower its members by providing a source of credit at competitive interest rates, promoting both financial stability and growth.
By offering attractive dividends on savings accounts, it enhances member satisfaction and encourages responsible saving habits. The credit union operates democratically, ensuring that members have a voice in decisions that affect their financial futures. This approach not only improves economic conditions for its members but also strengthens community ties, as the benefits generated by the credit union are redistributed among its patrons.
Through these efforts, Credit Union of Southern California plays a vital role in enhancing the financial literacy and independence of its members, creating a supportive environment where individuals can thrive economically and socially. Overall, the credit union is committed to the mutual benefit and general welfare of its members, driving positive change within the community.
This information is meant to be a general summary of Credit Union Of Southern California. 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: $46,863,635
- Program Service Revenue: $126,836,683
- Gross Receipts: $180,062,753
Assets and Liabilities:
- Total Assets: $2,582,085,802
- Total Liabilities: $2,477,074,891
- Net Assets: $105,010,911
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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
$84,185,548
OTHER OPERATING INCOME
Revenue
$28,283,640
FEE INCOME
Revenue
$14,367,495
Organization Details
Founding Year
1954
Principal Officer
Dave Gunderson
Website
www.cusocal.orgNTEE Category
Code: W60 - Public benefit
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