EIN 95-1687284

North Island Financial Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
314
City
San Diego
Year formed
1940
Most recent tax filings
2016-12-01
Notice
This nonprofit is terminated or no longer active
North Island Financial Credit Union may be no longer active or terminated. Either the organization hasn't filed a Form 990 in many years and appears to no longer be active, or they marked in their most recent Form 990 that they have closed down.
Description
A cooperative, organized for the purpose of promoting thrift and savings among its members, creating a source of Credit for them at rates of interest set by the board of directors, and providing an opportunity for them to use and control their own mon...
Related structure
North Island Financial Credit Union is child organization, under the parent exemption from Credit Unions in the State of California.
Total revenues
$57,702,150
2016
Total expenses
$48,355,504
2016
Total assets
$1,258,849,048
2016
Num. employees
314
2016

Program areas at North Island Financial Credit Union

2016 was a formative year for North Island Credit Union, as we made the decision to focus on growth by engaging a merger with a like size Credit Union with similar core values. After careful study and review, the board of directors from both Credit unions approved the merger, followed by management formulating the initial integration efforts planned to take shape the coming year. This opportunity will double the size of North Island Credit Union in both infrastructure and assets and is expected to be completed by the end of year 2017.
North Island Credit Union takes pride in funding programs that enhance the community in which we live and work. In 2016, we proudly contributed to hundreds of non-profit organizations including boys to men mentoring, children's miracle network, scripps health foundation, the fleet week foundation, and many additional military organizations supporting our local sailors and marines. In addition to our Financial contributions, our employees volunteered their time through organized programs, receiving paid time off to encourage social responsibility.
In 2016, we continued to focus on serving our members by offering them the right product and services to meet their needs. We expanded our mobile banking platform to include text alerts, easier transfer capabilities and quick balance check options. We also refined our online account opening and loan application process, giving our members more ways to engage with our Credit Union.

Grants made by North Island Financial Credit Union

GranteeGrant descriptionAmount
Olive CrestProvide Homes, Counseling, Education for Families in Crisis$20,000
Children's Miracle Network Hospitals (CMN Hospitals)Provides Critical Treatments, Equipment and Charitable Care for Kids in the San Diego Community.$15,000
Boys To Men Mentoring NetworkMentor Young Men To Improve Access To Higher Education$10,000
...and 5 more grants made

Personnel at North Island Financial Credit Union

NameTitleCompensation
Hudson LeeSenior Vice President and Chief Financial Officer$332,191
Robert O'GradySenior Vice President and Chief Operating Officer$353,316
Kevin CarlsonSenior Vice President and Chief Administrative Officer$261,993
Stephen O'ConnellPresident and Chief Executive Officer$614,880
Diane Madison-JammalSenior Vice President and Chief Information Officer$253,354
...and 2 more key personnel

Financials for North Island Financial Credit Union

RevenuesFYE 12/2016
Total grants, contributions, etc.$0
Program services$53,528,007
Investment income and dividends$4,026,064
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$132,113
Net gain from sale of non-inventory assets$15,966
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$57,702,150

Form 990s for North Island Financial Credit Union

Fiscal year endingDate received by IRSFormPDF link
2016-122018-03-14990View PDF
2015-122016-12-06990OView PDF
2014-122015-09-23990OView PDF
2013-122014-12-30990OView PDF
2012-122013-08-22990OView PDF
...and 3 more Form 990s

Organizations like North Island Financial Credit Union

OrganizationLocationRevenue
Altura Credit UnionMoreno Valley, CA$17,489,863
Point Loma Credit Union (PLCU)San Diego, CA$22,767,803
Schools Financial Credit UnionSacramento, CA$101,261,825
Firefighters First Credit UnionLos Angeles, CA$47,155,486
KeyPoint Credit Union (KPCU)Santa Clara, CA$55,987,067
SF Fire Credit UnionSan Francisco, CA$64,551,427
LBS Financial Credit UnionWestminster, CA$61,359,719
Coast Central Credit UnionEureka, CA$61,138,994
Travis Credit UnionVacaville, CA$180,779,315
Mendo Lake Credit UnionSanta Rosa, CA$29,807,777
Data update history
September 10, 2022
Used new vendors
Identified 2 new vendors, including , and
December 29, 2020
Updated personnel
Identified 2 new personnel
September 7, 2020
Used new vendors
Identified 3 new vendors, including , , and
September 19, 2019
Updated personnel
Identified 11 new personnel
February 1, 2018
Posted financials
Added Form 990 for fiscal year 2016
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
Terminated
General information
Address
PO Box 85833
San Diego, CA 92186
County
San Diego County, CA
Website URL
ccu.com/?region=nicu 
Phone
(858) 769-7002
IRS details
EIN
95-1687284
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1940
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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