EIN 95-1653038

Financial Partners Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
388
City
Year formed
1937
Most recent tax filings
2022-12-01
Description
Financial Partners Credit Union promotes thrift and savings among its members through its cooperative structure. It offers a source of credit at rates set by the Board of Directors and provides an opportunity for members to access various programs such as bank-on certification, which gives everyone access to a checking account. Additionally, low-mod income households can benefit from the grant received for credit builder loans. The Credit Union is located in Downey, CA.
Related structure
Financial Partners Credit Union is child organization, under the parent exemption from Credit Unions in the State of California.
Also known as...
Credit Unions in the State of California
Total revenues
$83,728,887
2022
Total expenses
$83,433,676
2022
Total assets
$2,285,374,736
2022
Num. employees
388
2022

Program areas at Financial Partners Credit Union

Expanded unsecured lending to include lower tier Credit scores.
Received additional grants as a cdfi (community development Financial institution) designated Credit Union, to help low-income communities by providing access to Financial products and services for local residents and businesses.
Received $35,000,000 in supplemental capital loans through the u.s. treasury department's emergency capital investment program (ecip).

Grants made by Financial Partners Credit Union

GranteeGrant descriptionAmount
Filene Research InstituteTo Help Fund Research That Increases Learning and Helps Transform Organizations.$50,000
The Columbia Memorial Space Science Lear Columbia Memorial Science CenterTo Help Inspire A Community of Critical and Creative Thinkers Through World-Class Programs.$40,000
Children's Miracle Network Hospitals (CMN Hospitals)To Assist in Providing Financial Support for Children in Need of Medical Care.$19,400
...and 5 more grants made

Personnel at Financial Partners Credit Union

NameTitleCompensation
Nader MoghaddamPresident and Chief Executive Officer$1,255,482
Darren HerrmannSenior Vice President , Chief Operating Officer$399,749
Mary TorsneySenior Vice President and Chief Financial Officer$472,352
Lori ReevesSenior Vice President , Chief Marketing Officer$274,335
Phillip FowlerVice President Chief Information Officer$253,846
...and 39 more key personnel

Financials for Financial Partners Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$84,693,063
Investment income and dividends$6,912,300
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,068,394
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$-8,944,870
Total revenues$83,728,887

Form 990s for Financial Partners Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-09-23990View PDF
2020-122021-08-20990View PDF
2019-122021-06-08990View PDF
2018-122020-01-24990View PDF
2017-122019-03-15990View PDF
...and 8 more Form 990s

Organizations like Financial Partners 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
SF Police Credit Union (SFPCU)San Bruno, CA$36,091,667
Sierra Central Credit UnionYuba City, CA$53,335,034
Safe Credit UnionFolsom, CA$183,102,902
Commonwealth Central Credit UnionSan Jose, CA$26,354,115
Firefighters First Credit UnionLos Angeles, CA$47,155,486
Christian Community Credit UnionSan Dimas, CA$38,274,101
Data update history
December 1, 2023
Updated personnel
Identified 11 new personnel
November 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 13, 2023
Used new vendors
Identified 23 new vendors, including , , , , , , , , , , , , , , , , , , , , , , and
January 29, 2023
Updated personnel
Identified 3 new personnel
August 13, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local levelProvides scholarships
General information
Address
7800 E Imperial Hwy
Downey, CA 90242
Metro area
Los Angeles-Long Beach-Anaheim, CA
Website URL
fpcu.org/ 
Phone
(562) 904-4208
IRS details
EIN
95-1653038
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1937
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
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