Program areas at Wescom Credit Union
The Credit Union had $5.8 billion in assets, $3.2 billion in loans and $4.26 billion in member deposits as of december 31, 2023. The Credit Union posted net earnings of $30 million in 2023.
The Credit Union through its employees, members, and Wescom foundation supported community outreach throughout 2023. $1,130,000+ granted to support non-profit partners, $180,000 donated to national multiple sclerosis society, and donated $35,000 to ucla campus life & recreation.
The Credit Union's 2023 initiatives included membership growth, enhancing products and services, more growth with merger and partnerships, increased service in our communities, developments in delivery channels, and loan growth.
Grants made by Wescom Credit Union
Personnel at Wescom Credit Union
| Name | Title | Compensation | Date of data |
|---|
| Darren Williams | President and Chief Executive Officer | $1,283,603 | 2024-10-03 |
| Keith Pipes | Executive Vice President , Chief Operating Officer | $640,856 | 2024-10-03 |
| Irving Chiu Heng Yu | Senior Vice President Finance and Chief Financial Officer / Vice President Treasury | $455,789 | 2022-12-31 |
| Joseph Pellissery | Senior Vice President Technology and Chief Information Officer | $517,140 | 2022-12-31 |
| Cindy Law | Vice President and Controller | $304,838 | 2023-11-09 |
| ...and 25 more key personnel |
Financials for Wescom Credit Union
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $227,021,524 | $176,591,593 | 28.6% |
| Investment income and dividends | $96,170,337 | $63,906,268 | 50.5% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $343,199 | $47,497,122 | -99.3% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $3,000,000 | -100% |
| Total revenues | $323,535,060 | $290,994,983 | 11.2% |
Organizations like Wescom Credit Union
| Organization | Type | Location | Revenue |
|---|
| Educational Employees Credit Union | 501(c)(14) | Fresno, CA | $167,213,088 |
| San Mateo Credit Union (SMCU) | 501(c)(14) | Redwood City, CA | $88,263,104 |
| CoastHills Credit Union | 501(c)(14) | Santa Maria, CA | $95,869,457 |
| Safe Credit Union | 501(c)(14) | Folsom, CA | $229,786,087 |
| Patelco Credit Union | 501(c)(14) | Dublin, CA | $445,084,380 |
| Financial Partners Credit Union | 501(c)(14) | Downey, CA | $112,970,824 |
| Credit Union of Southern California | 501(c)(14) | Anaheim, CA | $179,480,392 |
| Coast Central Credit Union | 501(c)(14) | Eureka, CA | $85,336,490 |
| California Coast Credit Union | 501(c)(14) | San Diego, CA | $133,395,792 |
| Orange County's Credit Union | 501(c)(14) | Santa Ana, CA | $118,830,990 |
Data update history
January 14, 2025
Used new vendors
Identified 1 new vendor, including
October 3, 2024
Updated personnel
Identified 1 new personnel
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 23, 2024
Updated personnel
Identified 2 new personnel
January 3, 2024
Used new vendors
Identified 3 new vendors, including , , and
Nonprofit Types
Grantmaking organizationsCredit unionsChapter / child organizations
Issues
No issues found
Characteristics
Operates internationallyState / local level
General information
- Address
- 123 S Marengo Ave
- Pasadena, CA 91101
- Metro area
- Los Angeles-Long Beach-Anaheim, CA
- County
- Los Angeles County, CA
- Website URL
- wescom.org/Â
- Phone
- (888) 493-7266
IRS details
- EIN
- 95-1288265
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1934
- 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
California AB-488 details
- AB 488 status
- May Operate or Solicit for Charitable Purposes
- Charity Registration status
- Exempt
- FTB status revoked
- Not revoked
- AG Registration Number
- None yet
- FTB Entity ID
- 0160718
- AB 488 data last updated ("as-of") date
- 2025-02-05
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