Nikkei Credit Union

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

EIN: 952021710 ✦ Gardena, CA ✦ Designated as a 501(c)(14)

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Overview

What is Nikkei Credit Union?

Nikkei Credit Union is a cooperative institution, based in Gardena, California, with the primary aim of promoting thrift and savings among its members. Serving a membership of 4,638 individuals, it provides both deposit and loan accounts, acting as a reliable source of credit and financial services at affordable rates. This nonprofit organization also serves as a convenient solution for members' savings and checking account needs. With a modest workforce of 14 employees, Nikkei Credit Union plays a crucial role in the financial well-being of its members, fostering a sense of community and financial stability.


Official website here: www.nikkeicu.org

Is Nikkei Credit Union legitimate?

Nikkei Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Nikkei 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: $301,010
Professional Fundraising Fees: $0
Other Salaries and Wages: $771,621

For more financial information, click here


Official website here: www.nikkeicu.org

What is the mission statement of Nikkei Credit Union?

The Nikkei Credit Union is established with a mission to encourage thrift and savings among its members. Acting as a cooperative, its primary goal is to provide a low-cost source of credit and financial services to its members. The union additionally serves as a depository for member savings and checking account needs, offering affordable financial solutions.


Official website here: www.nikkeicu.org

Who is the CEO of Nikkei Credit Union?

Jon Hernandez is the Ceo of Nikkei Credit Union. The CEO's salary of Nikkei Credit Union is $162,176 and their total compensation is $171,326.


Official website here: www.nikkeicu.org

What is the revenue of Nikkei Credit Union?

Nikkei Credit Union's revenue in 2022 was $2,876,355.


Official website here: www.nikkeicu.org

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

The average compensation at Nikkei Credit Union during 2022 was $76,616. There are 14 employees and 9 volunteers at Nikkei Credit Union.


Here are 11 key members and their salaries (Nikkei Credit Union's CEO's salary is $162,176 and their total compensation is $171,326):


Jon Hernandez (Ceo)
  • Compensation: $162,176
  • Related: $0
  • Other: $9,150
Jay Lee (Vice President)
  • Compensation: $138,898
  • Related: $0
  • Other: $7,935
Gary Nakata (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Iwamoto (Board Vice Chai)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Suzuki (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glenn Matsushima (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alyssa Tanaka (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Yoshimura (Sc Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Kawashima (Sc Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Matsuno (Sc Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Masahide Nakagawa (Sc Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nikkeicu.org

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

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


Official website here: www.nikkeicu.org

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

Mission Statement of Nikkei Credit Union

Nikkei Credit Union, as a cooperative, is established with the purpose of fostering thrift and savings among its members. Its mission is centered around providing a low-cost source of credit and financial services to its members. By doing so, the credit union serves as a reliable provider for its members' savings and checking account needs, promoting financial stability and growth within its community.

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Impact




October, 2024

Nikkei Credit Union significantly enhances the financial well-being of its community by promoting thrift and savings among its members. Serving 4,638 individuals, it offers essential deposit and loan accounts, ensuring access to low-cost credit and financial services. By providing a reliable source for savings and checking account needs, Nikkei Credit Union fosters financial stability and empowerment in Gardena, CA, ultimately contributing to the economic health of its members and the community at large.




This information is meant to be a general summary of Nikkei 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
$2,876,355 (2022)
Expenses
$2,275,025 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $411,831
  • Program Service Revenue: $2,104,731
  • Gross Receipts: $2,876,355

Assets and Liabilities:

  • Total Assets: $90,027,226
  • Total Liabilities: $79,892,241
  • Net Assets: $10,134,985

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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

$2,104,731

Organization Details

Founding Year

1951

Principal Officer

Jon Hernandez

Main Address

18425 S WESTERN AVE, GARDENA, CA, 90248

NTEE Category

Code: W60 - Public benefit

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