EIN 95-0951410

California Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
647
Year formed
1939
Most recent tax filings
2022-12-01
Description
California Credit Union is a cooperative that promotes thrift and savings among its members, creates a source of credit for them at rates set by the board of directors, and provides an opportunity for them to use and control their own money. Proudly supporting its members and communities, California Credit Union funded 11,000 auto loans in 2022 with low interest rates while investing over $727,000 into new partnerships, employee volunteerism, and industry advocacy opportunities. Matching its members' donations, the cooperative provided $27,990 to the worldwide pandemic relief efforts.
Related structure
California Credit Union is child organization, under the parent exemption from Credit Unions in the State of California.
Total revenues
$152,708,557
2022
Total expenses
$129,286,444
2022
Total assets
$4,561,740,327
2022
Num. employees
647
2022

Program areas at California Credit Union

We concluded another successful year serving our members in 2022.
California Credit Union remained committed to supporting our communities in 2022 by investing over $727,000 into new partnerships, employee volunteerism, and industry advocacy opportunities. We matched our members' donations providing $27,990 to the worldwide foundation for Credit unions in support of their ukrainian Credit Union displacement fund. We were excited to expand our educational support initiatives with a new internship program, helping open doors to a future career for local students. We also embarked on a new partnership with the scripps howard foundation donating 1,400 books to students in title i schools, helping children in low-income households access books outside the classroom. And, our employees came together to build homes for habitat for humanity, work at the san diego pride festival, participate in the navy's 35th bay bridge run, prepare holiday meals, and much more.
At California Credit Union, we were proud to continue supporting our members and communities by helping them achieve their financial dreams. In 2022, we funded 11,000 auto loans with rates that were among the lowest in California, and members took advantage of our new auto loan rate reset program to reduce payments, lower rates, or receive cash back. We enhanced our Credit card offering with expanded reward opportunities and benefits. Adding new member value has always been a key priority and we continued to deliver by launching a new virtual branch in 2022 to conveniently serve members wherever they are located. To improve the member experience, we rolled out a real-time member feedback platform. We significantly expanded our digital banking and mobile app capabilities by offering free Credit reports, along with a suite of Credit alert and management tools. We also enhanced our mobile banking platform with new navigation, location services, account management preferences, an automated debit card dispute form and self-service options. We welcomed a new partnership with trust & will which provides members with a digital portal to create cost-effective estate plans.

Grants made by California Credit Union

GranteeGrant descriptionAmount
Worldwide Foundation for Credit UnionsIn Support of the Wfcu's Ukrainian Credit Union Displacement Fund To Help Mitigate Short- and Long-Term Impacts To Ukraine's Credit Union System.$27,990
Greater Los Angeles Zoo Association (GLAZA)In Support of the Zoo'S Innovative Animal Care and Global Wildlife Conservation Efforts.$15,000
Uss Midway MuseumIn Support of Midway's Stem Field Trip Program and the No Child Left Ashore Scholarship Fund.$15,000
...and 5 more grants made

Personnel at California Credit Union

NameTitleCompensation
Steven O'ConnellPresident , Chief Executive Officer$1,063,679
Robert O'GradyExecutive Vice President , Chief Operating Officer$705,221
Mark LovewellExecutive Vice President Chief Financial Officer$589,746
Jill VasantSenior Vice President , Chief Marketing Officer$305,169
Charles LacuestaSenior Vice President , Chief Information Officer$367,893
...and 14 more key personnel

Financials for California Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$107,341,932
Investment income and dividends$27,005,944
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$4,802,578
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$13,558,103
Total revenues$152,708,557

Form 990s for California Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-08-22990View PDF
2021-122022-08-18990View PDF
2020-122021-09-28990View PDF
2019-122021-06-24990View PDF
2018-122020-01-31990View PDF
...and 9 more Form 990s

Organizations like California Credit Union

OrganizationLocationRevenue
San Mateo Credit Union (SMCU)Redwood City, CA$70,068,460
SF Fire Credit UnionSan Francisco, CA$62,656,925
LBS Financial Credit UnionWestminster, CA$64,266,960
Coast Central Credit UnionEureka, CA$66,591,892
Financial Partners Credit UnionDowney, CA$83,728,887
Sierra Central Credit UnionYuba City, CA$53,335,034
Safe Credit UnionFolsom, CA$183,102,902
Firefighters First Credit UnionLos Angeles, CA$47,155,486
Christian Community Credit UnionSan Dimas, CA$38,274,101
Star One Credit UnionSunnyvale, CA$255,066,926
Data update history
October 1, 2023
Updated personnel
Identified 2 new personnel
September 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 25, 2023
Used new vendors
Identified 2 new vendors, including , and
August 7, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Used new vendors
Identified 4 new vendors, including , , , and
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local levelProvides scholarships
General information
Address
701 N Brand Blvd 7th Floor
Glendale, CA 91203
Metro area
Los Angeles-Long Beach-Anaheim, CA
Website URL
ccu.com/ 
Phone
(818) 291-5522
IRS details
EIN
95-0951410
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1939
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
Free account sign-up

Want updates when California Credit Union has new information, or want to find more organizations like California Credit Union?

Create free Cause IQ account