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Huntington Beach Credit Union

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

EIN: 951821708 ✦ Huntington beach, CA ✦ Designated as a 501(c)(14)

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Overview

What is Huntington Beach Credit Union?

Huntington Beach Credit Union is a cooperative organization located at 2000 MAIN STREET B-272, Huntington Beach, CA 92648. Its primary purpose is to promote thrift and savings among its members, offering them competitive loan rates and providing a democratic means to manage their own finances. The credit union aims to improve its members' economic and social conditions by distributing its earnings, savings, benefits, or services back to its patrons. With a workforce of 12 individuals, Huntington Beach Credit Union serves its members by offering home and consumer loans at favorable interest rates, thereby contributing to their financial well-being.


Official website here: www.huntingtonbeachcu.org

Is Huntington Beach Credit Union legitimate?

Huntington Beach Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Huntington Beach 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: $154,846
Professional Fundraising Fees: $0
Other Salaries and Wages: $115,372

For more financial information, click here


Official website here: www.huntingtonbeachcu.org

What is the mission statement of Huntington Beach Credit Union?

Huntington Beach Credit Union is established as a cooperative, with its primary purpose being to encourage savings among its members. The organization aims to provide its members with a reliable source of credit at interest rates determined by its board of directors. Furthermore, Huntington Beach Credit Union offers its members the opportunity to manage their own funds in a democratic manner, aiming to improve their economic and social conditions. As a cooperative, the credit union operates for the mutual benefit and general welfare of its members, distributing its earnings, savings, benefits, or services back to its members.


Official website here: www.huntingtonbeachcu.org

Who is the CEO of Huntington Beach Credit Union?

Angela K Clitherow is the Board Chairperson of Huntington Beach Credit Union. The CEO's salary of Huntington Beach Credit Union is $154,846 and their total compensation is $157,158.


Official website here: www.huntingtonbeachcu.org

What is the revenue of Huntington Beach Credit Union?

Huntington Beach Credit Union's revenue in 2022 was $1,469,249.


Official website here: www.huntingtonbeachcu.org

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

The average compensation at Huntington Beach Credit Union during 2022 was $22,518. There are 12 employees and 10 volunteers at Huntington Beach Credit Union.


Here are 11 key members and their salaries (Huntington Beach Credit Union's CEO's salary is $154,846 and their total compensation is $157,158):


Paul D'Alessandro (Board Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Howard Zelefsky (Board Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melvin M Bowman (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Meza (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen A Peterson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Williams (Supervisory Committee Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Whitecotton (Supervisory Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Dereszynski (Supervisory Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Veronica Navarro-Martinez (Supervisory Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lilia Guerrero (Supervisory Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela K Clitherow (President/Ceo)
  • Compensation: $154,846
  • Related: $0
  • Other: $2,312


Official website here: www.huntingtonbeachcu.org

Where can I find the form 990 for Huntington Beach Credit Union?

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


Official website here: www.huntingtonbeachcu.org

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

Mission Statement of Huntington Beach Credit Union

Huntington Beach Credit Union, as a cooperative, is established with a primary objective of fostering thrift and savings among its members. Its mission is multifaceted, aiming to create a reliable source of credit for its members at interest rates set by the board of directors. By doing so, the credit union offers its members an opportunity to manage and utilize their own funds in a democratic manner. This democratic approach is designed to enhance the economic and social conditions of its members, ultimately contributing to their general welfare. As a cooperative, Huntington Beach Credit Union operates with the collective benefit of its members in mind, distributing its earnings, savings, benefits, or services back to its members as patronage.

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Impact




October, 2024

Huntington Beach Credit Union plays a significant role in the local community by promoting thrift and savings among its members. By offering home and consumer loans at competitive interest rates, it creates accessible financial opportunities that enhance members' economic well-being. The cooperative model empowers members to take control of their finances democratically, fostering a sense of community and mutual support. Earnings and benefits generated by the credit union are distributed back to members, reinforcing the focus on their welfare. Overall, Huntington Beach Credit Union contributes to improving the economic and social conditions of its members, while supporting financial literacy and responsible lending practices.




This information is meant to be a general summary of Huntington Beach 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
$1,469,249 (2022)
Expenses
$1,469,729 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $566,511
  • Program Service Revenue: $902,738
  • Gross Receipts: $1,469,249

Assets and Liabilities:

  • Total Assets: $59,916,268
  • Total Liabilities: $53,507,429
  • Net Assets: $6,408,839

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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

$686,966

OTHER OPERATING INCOME

Revenue

$173,534

FEES INCOME

Revenue

$42,238

Organization Details

Founding Year

1953

Principal Officer

Angela K Clitherow

Main Address

2000 MAIN STREET B-272, HUNTINGTON BEACH, CA, 92648

NTEE Category

Code: W61 - Public benefit

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