CREDIT UNIONS IN THE STATE OF CALIFORNIA: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- CREDIT UNIONS IN THE STATE OF CALIFORNIA (EIN 95-4110181)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-10
- IRS object ID
- 202401319349305260
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-10T17:32:59-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 EAST THOMAS ROAD SUITE 2300 | AddressLine1Txt |
| City | PHOENIX | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85012 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 954110181 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | USC CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CRED | BusinessNameControlTxt |
| Phone | 2138217128 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3720 S FLOWER ST 4TH FLOOR | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90089 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL ROGERS | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 2138217128 | PhoneNum |
| Signature | 2024-05-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MICHAEL | PersonFirstNm |
| Person Last | ROGERS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MELISSA HANGSLEBEN | PreparerPersonNm |
| PTIN | P02087031 | PTIN |
| Phone | 6022662248 | PhoneNum |
| Preparation | 2024-05-10 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | GARY PEREZ | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3720 S FLOWER ST 4TH FLOOR | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90089 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $30,923,259 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.USCCREDITUNION.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1973 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE FINANCIAL SERVICES TO OUR CORE MEMBERSHIP: FACULTY, STAFF, STUDENTS, AND ALUMNI OF USC. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 13 | TotalVolunteersCnt |
| Total Gross UBI | $52,934 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $7,369 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $19,662,485 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $26,187,242 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,622,537 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,836,248 | CYInvestmentIncomeAmt |
| PY Other Revenue | $387,621 | PYOtherRevenueAmt |
| CY Other Revenue | $519,509 | CYOtherRevenueAmt |
| PY Total Revenue | $21,672,643 | PYTotalRevenueAmt |
| CY Total Revenue | $30,542,999 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $44,107 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $52,519 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $1,206,505 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $3,348,855 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $9,642,098 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $10,764,613 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,846,138 | PYOtherExpensesAmt |
| CY Other Expenses | $11,860,455 | CYOtherExpensesAmt |
| PY Total Expenses | $20,738,848 | PYTotalExpensesAmt |
| CY Total Expenses | $26,026,442 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $933,795 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $4,516,557 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $754,273,547 | TotalAssetsBOYAmt |
| Total Assets EOY | $741,676,675 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $710,521,770 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $699,186,011 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $43,751,777 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $42,490,664 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO PROVIDE FINANCIAL SERVICES TO OUR CORE MEMBERSHIP. OUR CORE MEMBERSHIP IS THE FACULTY, STAFF, STUDENTS, AND ALUMNI OF THE UNIVERSITY OF SOUTHERN CALIFORNIA. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | USC CREDIT UNION IS A NOT-FOR-PROFIT COOPERATIVE FOUNDED TO FUEL MEMBERS' FINANCIAL DREAMS AND ENHANCE THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE. OUR MISSION IS TO PROVIDE AFFORDABLE PRODUCTS AND SERVICES, FINANCIAL GUIDANCE, AND THE RESOURCES TO SUPPORT OUR COMMUNITIES' ECONOMIC WELL-BEING AND GENERATIONAL WEALTH BUILDING.IN FISCAL 2023, WE CREATED A SOCIAL IMPACT DEPARTMENT AT THE CREDIT UNION. IN THAT YEAR, WE ACCOMPLISHED THE FOLLOWING.- OVER 1500 SERVED THROUGH OUR COMMUNITY FINANCIAL WORKSHOP SERIES, CUSTOMIZED PARTNER WORKSHOPS, ON DEMAND WEBINARS AND FINANCIAL COUNSELING SERVICES.- ENGAGED WITH COMMUNITY TO INCREASE ACCESS OF FINANCIAL PRODUCTS AND SERVICES THROUGH PARTICIPATION IN 15+ COMMUNITY PARTNER HOSTED EVENTS AND LUNCH AND LEARN SESSIONS.- FOSTERED 60 NEW PARTNERSHIPS ESTABLISHED TO COLLABORATIVELY FOCUS ON FINANCIAL EDUCATION, FINANCIAL WELL-BEING AND FINANCIAL EMPOWERMENT INITIATIVES.- SERVING AN AVERAGE OF 100 NEW COMMUNITY MEMBERS EVERY MONTH (AND COUNTING) WITH NEEDED AND VALUED FINANCIAL PRODUCTS AND SERVICES.AS OF JUNE 30, 2023, WE PROVIDED FINANCIAL SERVICES FOR 77,365 MEMBERS. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (1) | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 8404 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DOUGLAS KASPER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2138217128 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3720 S FLOWER ST 4TH FLOOR | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90089 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| GARY PEREZ | |||||||
| CHIEF EXECUTIVE OFFICER | 40.00 | Yes (X) | $314,325 | $0 | $51,708 | ||
| TERE DENISON | |||||||
| CHIEF MARKETING OFFICER | 40.00 | Yes (X) | $171,772 | $0 | $46,739 | ||
| MICHAEL ROGERS | |||||||
| CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $192,617 | $0 | $21,136 | ||
| DAVID SCHAUER-WEST | |||||||
| CHIEF OPERATIONS OFFICER | 40.00 | Yes (X) | $179,480 | $0 | $33,983 | ||
| JEFF GALLERY | |||||||
| CHIEF LENDING OFFICER | 40.00 | Yes (X) | $181,440 | $0 | $23,577 | ||
| CHRISTINA SCHWARZ | |||||||
| VP, REAL ESTATE | 40.00 | $133,436 | $0 | $36,606 | Yes (X) | ||
| ROCIO FLORES | |||||||
| CHIEF SOCIAL IMPACT OFFICER | 40.00 | Yes (X) | $135,425 | $0 | $31,793 | ||
| DANIEL PARIS | |||||||
| VP, HUMAN RESOURCES | 40.00 | $145,326 | $0 | $16,406 | Yes (X) | ||
| IRENE RODRIGUEZ | |||||||
| VP, BUSINESS DEVELOPMENT | 40.00 | $132,975 | $0 | $21,863 | Yes (X) | ||
| VALERIE IVES | |||||||
| VP, CONSUMER LENDING | 40.00 | $132,588 | $0 | $21,898 | Yes (X) | ||
| DANIEL COHEN | |||||||
| VP, INFORMATION TECHNOLOGY | 40.00 | $129,306 | $0 | $24,998 | Yes (X) | ||
| GAVIN GALIMI | |||||||
| CHAIR | 1.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| MICHAEL BROUGHTON | |||||||
| VICE CHAIR | 1.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| JUSTIN HO | |||||||
| TREASURER | 1.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| CAROLINA CASTILLO | |||||||
| SECRETARY | 1.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| LISA ESCOBAR | |||||||
| SECRETARY (THRU 6/23) | 1.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| PEER FISS | |||||||
| DIRECTOR | 1.50 | $0 | $0 | $0 | Yes (X) | ||
| RICHARD MCCORMICK | |||||||
| DIRECTOR | 1.50 | $0 | $0 | $0 | Yes (X) | ||
| SAMANTHA SMYTH-PAXSON | |||||||
| DIRECTOR | 1.50 | $0 | $0 | $0 | Yes (X) | ||
| KELLY BERNAL | |||||||
| DIRECTOR | 1.50 | $0 | $0 | $0 | Yes (X) | ||
| JERALD JELLISON | |||||||
| DIRECTOR (THRU 5/23) | 1.50 | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,848,690 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $330,707 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 12 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| UNIVERSITY OF SOUTHERN CALIFORNIA | |||||
| 3601 TROUSDALE PARKWAY | LOS ANGELES | CA | 90089 | LEASED EMPLOYEES AND ANCILLARY SERVICES | $10,866,943 |
| PLAYFLY SPORTS PROPERTIES | |||||
| 22 CASSATT AVENUE | BERWYN | PA | 193121325 | ADVERTISING | $1,052,733 |
| CO-OP SOLUTIONS | |||||
| 9692 HAVEN AVENUE | RANCHO CUCAMONGA | CA | 91730 | PAYMENT SETTLEMENT PROVIDER | $987,735 |
| ALKAMI TECHNOLOGY | |||||
| 5601 GRANITE PARKWAY STE 120 | PLANO | TX | 75024 | DIGITAL BANKING | $580,672 |
| FINANCIAL TECHNOLOGY SOLUTIONS INT'L IN | |||||
| 406 E HUNTINGTON DRIVE | MONROVIA | CA | 91016 | ATM SERVICING PROVIDER | $490,873 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 15 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INTEREST ON LOANS TO MEMBERS | 522100 | $21,447,361 | $21,447,361 | |
| FEES AND CHARGES | 522100 | $4,142,190 | $4,111,996 | $30,194 |
| GAIN ON SALE OF LOANS | 522100 | $337,191 | $337,191 | |
| COMMISSION INCOME | 522100 | $260,500 | $237,760 | $22,740 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $26,187,242 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,824,174 | TotalRevenueColumnAmt |
| Exclusion | $3,824,174 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $529,244 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $341,336 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $187,908 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $187,908 | TotalRevenueColumnAmt |
| Exclusion | $187,908 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $50,998 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $38,924 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $12,074 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $12,074 | TotalRevenueColumnAmt |
| Exclusion | $12,074 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER REVENUE | Desc |
| Business | 522100 | BusinessCd |
| Total Revenue Column | $331,601 | TotalRevenueColumnAmt |
| Exclusion | $331,601 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $331,601 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $30,542,999 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $26,134,308 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $52,934 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,355,757 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,519 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,348,855 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,599,841 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,971,792 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $515,664 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,115,590 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $561,726 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $192,972 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,523 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,093 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,070,066 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $937,557 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $797,771 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,592,393 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $323,423 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $142,045 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $826,619 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $481,202 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $140,872 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| LOAN SERVICING | $1,772,236 |
| EQUIPMENT MAINTENANCE | $1,625,622 |
| MISCELLANEOUS EXPENSES | $1,171,528 |
| BANK & CREDIT CARD FEES | $711,533 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,026,442 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,676,250 | BOYAmt |
| EOY | $5,435,121 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,071,578 | BOYAmt |
| EOY | $21,801,663 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $738,086 | BOYAmt |
| EOY | $292,073 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $487,702,380 | BOYAmt |
| EOY | $527,376,578 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,344,692 | BOYAmt |
| EOY | $1,190,461 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $26,454,560 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $12,662,662 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,463,371 | BOYAmt |
| EOY | $13,791,898 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $192,060,757 | BOYAmt |
| EOY | $146,566,229 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,222,954 | BOYAmt |
| EOY | $5,878,480 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,993,479 | BOYAmt |
| EOY | $19,344,172 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $754,273,547 | BOYAmt |
| EOY | $741,676,675 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,151,488 | BOYAmt |
| EOY | $4,837,362 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,000,000 | BOYAmt |
| EOY | $39,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $696,370,282 | BOYAmt |
| EOY | $655,348,649 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $710,521,770 | BOYAmt |
| EOY | $699,186,011 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,751,777 | BOYAmt |
| EOY | $42,490,664 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,751,777 | BOYAmt |
| EOY | $42,490,664 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $754,273,547 | BOYAmt |
| EOY | $741,676,675 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $4,516,557 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$3,820,787 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,956,883 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $6,093 | PoliticalExpendituresAmt |
| Volunteer Hours | 0 | VolunteerHoursCnt |
| Expended527 Activities | $0 | Expended527ActivitiesAmt |
| Internal Funds Contributed | $6,093 | InternalFundsContributedAmt |
| Total Exempt Function Expend | $6,093 | TotalExemptFunctionExpendAmt |
| Form1120 POL Filed | Yes (1) | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CALIFORNIA CREDIT UNION LEAGUE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2855 E GUASTI RD SUITE 202 | AddressLine1Txt |
| City | ONTARIO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91761 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 940357265 | EIN |
| Paid Internal Funds | $6,093 | PaidInternalFundsAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I-A, LINE 1: | FormAndLineReferenceDesc |
| Explanation | POLITICAL ACTION COMMITTEE EXPENDITURE | ExplanationTxt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $791,422 | OtherCostOrOtherBasisAmt |
| Book Value | $791,422 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $16,039,848 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,087,593 | DepreciationAmt |
| Book Value | $11,952,255 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,063,446 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,583,780 | DepreciationAmt |
| Book Value | $479,666 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,800,739 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,232,601 | DepreciationAmt |
| Book Value | $568,138 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $759,105 | OtherCostOrOtherBasisAmt |
| Depreciation | $758,688 | DepreciationAmt |
| Book Value | $417 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $13,791,898 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBER SHARE ACCOUNTS | Desc |
| Amt | $655,348,649 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $655,348,649 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $27,063,547 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$3,820,788 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$3,820,788 | RevenueNotReportedAmt |
| Revenue Subtotal | $30,884,335 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$341,336 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$341,336 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $30,542,999 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $28,324,661 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $2,298,219 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $2,298,219 | ExpensesNotReportedAmt |
| Expenses Subtotal | $26,026,442 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $26,026,442 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION DESCRIBED IN THE INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). FASB CODIFICATION TOPIC 740, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED, AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES AN EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CREDIT UNION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITION ARE MORE-LIKELY-THAN-NOT "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEARS ENDED JUNE 30, 2023 AND 2022 MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | RENTAL EXPENSES MOVED FROM EXPENSES TO REVENUE -341,336. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES MOVED TO REVENUES 341,336. PROVISION FOR LOAN LOSSES MOVED TO PART XI 1,956,883. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|
| CALIFORNIA CREDIT UNION LEAGUE | |||||||||
| 2855 E GUASTI RD STE 202 | ONTARIO | CA | 91761 | 940357265 | 501(C)(6) | $10,353 | $0 | ADVOCACY, EDUCATION, INFORMATION AND LEADERSHIP | |
| UNIVERSITY OF SOUTHERN CALIFORNIA | |||||||||
| 3607 TROUSDALE PARKWAY STUDENT | LOS ANGELES | CA | 90089 | 951642394 | 501(C)(3) | $41,666 | $0 | SCHOLARSHIPS AND COMMUNITY DEVELOPMENT | UNION 301 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THERE ARE NO FORMAL MONITORING PROCEDURES. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GARY PEREZ | ||||||||||||||
| CHIEF EXECUTIVE OFFICER | $308,418 | $0 | $0 | $0 | $5,907 | $0 | $30,500 | $0 | $21,208 | $0 | $366,033 | $0 | $0 | $0 |
| TERE DENISON | ||||||||||||||
| CHIEF MARKETING OFFICER | $171,298 | $0 | $0 | $0 | $474 | $0 | $19,988 | $0 | $26,751 | $0 | $218,511 | $0 | $0 | $0 |
| MICHAEL ROGERS | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $192,212 | $0 | $0 | $0 | $405 | $0 | $21,100 | $0 | $36 | $0 | $213,753 | $0 | $0 | $0 |
| DAVID SCHAUER-WEST | ||||||||||||||
| CHIEF OPERATIONS OFFICER | $179,149 | $0 | $0 | $0 | $331 | $0 | $21,202 | $0 | $12,781 | $0 | $213,463 | $0 | $0 | $0 |
| JEFF GALLERY | ||||||||||||||
| CHIEF LENDING OFFICER | $180,966 | $0 | $0 | $0 | $474 | $0 | $13,525 | $0 | $10,052 | $0 | $205,017 | $0 | $0 | $0 |
| CHRISTINA SCHWARZ | ||||||||||||||
| VP, REAL ESTATE | $133,224 | $0 | $0 | $0 | $212 | $0 | $15,098 | $0 | $21,508 | $0 | $170,042 | $0 | $0 | $0 |
| ROCIO FLORES | ||||||||||||||
| CHIEF SOCIAL IMPACT OFFICER | $135,425 | $0 | $0 | $0 | $0 | $0 | $14,314 | $0 | $17,479 | $0 | $167,218 | $0 | $0 | $0 |
| DANIEL PARIS | ||||||||||||||
| VP, HUMAN RESOURCES | $144,852 | $0 | $0 | $0 | $474 | $0 | $16,034 | $0 | $372 | $0 | $161,732 | $0 | $0 | $0 |
| IRENE RODRIGUEZ | ||||||||||||||
| VP, BUSINESS DEVELOPMENT | $132,721 | $0 | $0 | $0 | $254 | $0 | $14,429 | $0 | $7,434 | $0 | $154,838 | $0 | $0 | $0 |
| VALERIE IVES | ||||||||||||||
| VP, CONSUMER LENDING | $132,334 | $0 | $0 | $0 | $254 | $0 | $14,464 | $0 | $7,434 | $0 | $154,486 | $0 | $0 | $0 |
| DANIEL COHEN | ||||||||||||||
| VP, INFORMATION TECHNOLOGY | $128,832 | $0 | $0 | $0 | $474 | $0 | $14,582 | $0 | $10,416 | $0 | $154,304 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PART II | FormAndLineReferenceDesc |
| Explanation | THE CREDIT UNION HAS AN AGREEMENT WITH THE UNIVERSITY OF SOUTHERN CALIFORNIA (UNIVERSITY) WHEREBY THE UNIVERSITY PROVIDES THE CREDIT UNION WITH EMPLOYEES ON AN ON-GOING BASIS FOR A MONTHLY FEE EQUAL TO THE EMPLOYEE'S WAGES AND BENEFITS. ALL W2'S AND FEDERAL EMPLOYMENT TAX RETURNS ARE ISSUED BY THE UNIVERSITY. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 2 | THE CREDIT UNION HAS AN AGREEMENT WITH THE UNIVERSITY OF SOUTHERN CALIFORNIA (UNIVERSITY) WHEREBY THE UNIVERSITY PROVIDES THE CREDIT UNION WITH EMPLOYEES ON AN ON-GOING BASIS FOR A MONTHLY FEE EQUAL TO THE EMPLOYEE'S WAGES AND BENEFITS. ALL W2'S AND FEDERAL EMPLOYMENT TAX RETURNS ARE ISSUED BY THE UNIVERSITY. THE CREDIT UNION REIMBURSES THE UNIVERSITY FOR THESE EXPENSES AND THESE EXPENSES ARE SHOWN AS SALARIES AND BENEFITS ON THE STATEMENT OF FUNCTIONAL EXPENSES, PART IX. |
| FORM 990, PART VI, SECTION A, LINE 6 | PARTICIPATION IN THE CREDIT UNION IS LIMITED TO THOSE WHO QUALIFY FOR MEMBERSHIP AS DEFINED IN THE CREDIT UNION'S CHARTER AND BYLAWS. THIS GENERALLY CONSISTS OF EMPLOYEES, STUDENTS, FACULTY AND ALUMNI OF THE UNIVERSITY OF SOUTHERN CALIFORNIA (UNIVERSITY). IN ADDITION TO THE REGULARLY QUALIFIED MEMBER, THE SPOUSE OR THE MEMBER, THE BLOOD OR ADOPTIVE RELATIVE OF EITHER OF THEM AND THEIR SPOUSES MAY BE MEMBERS. ALSO WITHIN THE FIELD OF MEMBERSHIP ARE ALL PERSONS WHO LIVE, REGULARLY WORK, CURRENTLY ATTEND SCHOOL, OR CURRENTLY WORSHIP IN THE CITY OF LOS ANGELES OR ORANGE COUNTY, CALIFORNIA. ALSO INCLUDED ARE ANY AND ALL BUSINESSES, CORPORATIONS, AND OTHER LEGAL ENTITIES BASED IN THESE AREAS. |
| FORM 990, PART VI, SECTION A, LINE 7A | ANY MEMBER CAN NOMINATE A MEMBER TO THE GOVERNING BODY. THE NOMINEES ARE VOTED ON AT THE ANNUAL MEETING WHICH CAN BE ATTENDED BY ANY MEMBER. |
| FORM 990, PART VI, SECTION A, LINE 7B | AMENDMENTS TO THE ORGANIZATION'S ARTICLES OF INCORPORATION AND BYLAWS ARE SUBJECT TO APPROVAL OF THE MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE CREDIT UNION DOES NOT HAVE ANY COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING. ONCE THIS DETAILED REVIEW IS COMPLETE, THE RETURN IS FILED WITH THE IRS. THE BOARD OF DIRECTORS WILL RECEIVE A COPY OF THE FORM 990 AFTER FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CREDIT UNION REVIEWS THE POLICY ON AN ANNUAL BASIS TO MAKE SURE IT ENCOMPASSES ALL IT SHOULD. EMPLOYEES AND MANAGERS ARE REQUIRED TO REPORT ANY VIOLATIONS OF THE POLICY TO THEIR SUPERVISOR AND/OR HR. EMPLOYEES ARE EXPECTED TO NOTIFY MANAGEMENT WHEN A CONFLICT OF INTEREST ARISES. AS FOR ACCOUNTS AT THE CREDIT UNION, ALL EMPLOYEE ACCOUNTS AND ACCOUNTS OF THEIR FAMILY ARE RESTRICTED AND THE EMPLOYEE WILL NOT HAVE ACCESS TO THOSE ACCOUNTS. ANNUALLY, EMPLOYEES ARE REQUIRED TO SUBMIT THOSE ACCOUNTS THAT BELONG TO THEM OR THEIR FAMILY MEMBERS TO OUR COMPLIANCE OFFICER. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE CEO'S COMPENSATION IS REVIEWED WITH THE PERSONNEL COMMITTEE (WHICH CONSISTS OF MEMBERS OF THE BOARD). THE VP OF HR PREPARES SURVEY DATA FOR THE COMMITTEE REGARDING CEO PAY AND COMPENSATION FROM THREE SOURCES AND THEN THE COMMITTEE MEETS. THE MEETINGS ARE HELD QUARTERLY AND DECISIONS ARE DOCUMENTED. THE EXECUTIVE TEAM AND MANAGEMENT TEAM COMPENSATION IS APPROVED BY THE CEO. COMPENSATION FOR THIS TEAM IS ALSO RESEARCHED FROM THREE DIFFERENT SOURCES AND THEN A DECISION IS MADE AND APPROVED BY THE CEO. THIS IS DONE ON AN ANNUAL BASIS AND DECISIONS ARE DOCUMENTED. WE DO THIS ANNUALLY DURING THE REVIEW PERIOD BETWEEN APRIL AND JUNE (SO, MOST RECENTLY FINISHED REVIEW WAS IN JUNE 2023). WE USE 3 LARGER SOURCES OF DATA TO BENCHMARK AND INFORM OUR SALARY DECISIONS: USC'S COMPENSATION SYSTEM, THE ANNUAL CUNA SALARY SURVEY, AND COMPEASE FROM HR PERFORMANCE SOLUTIONS. ALL THREE INDEPENDENT SOURCES UTILIZE A RANGE OF SALARY DATA FROM ACROSS THE COUNTRY AND HELP NARROW DOWN SALARY RANGES BY OUR ORGANIZATION'S SIZE AND GEOGRAPHIC LOCATION. ANALYSIS OF THESE RESOURCES, VARIOUS COMPENSABLE EMPLOYEE FACTORS, AND EMPLOYEE PERFORMANCE ARE ALL CONSIDERED. INPUT ON A PARTICULAR ROLE IS GIVEN BY THE DIVISION EXECUTIVE, THE HEAD OF HR, AND THE CEO. THE CEO HOLDS AUTHORITY ON THE FINAL COMPENSATION DECISION, EXCEPT FOR THE CEO SALARY, WHICH IS DETERMINED BY THE CREDIT UNION'S BOARD OF DIRECTORS. THAT SAID, ALL FINAL COMPENSATION DECISIONS ARE REVIEWED BY USC CENTRAL COMPENSATION TO ENSURE WE'RE IN COMPLIANCE WITH THEIR FAIR COMPENSATION STANDARDS, AS THEY ARE TECHNICALLY THE EMPLOYER OF RECORD. |
| FORM 990, PART VI, SECTION C, LINE 19 | FINANCIAL STATEMENTS ARE POSTED IN THE ORGANIZATION'S BRANCHES. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | PROVISION FOR LOAN LOSSES -1,956,883. |
| PART XII, LINE 2C | THE CREDIT UNION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TROJAN FINANCIAL SERVICES LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3720 S FLOWER ST 4TH FLOOR | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90089 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 460958658 | EIN |
| Primary Activities | FINANCIAL SERVICES | PrimaryActivitiesTxt |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Total Income | $0 | TotalIncomeAmt |
| End Of Year Assets | $0 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | USC CREDIT UNION | BusinessNameLine1Txt |
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