540 Ibew Credit Union Inc
Public records raise at least one point you should look into before giving.
What it says it does
TO PROVIDE SAVINGS, LENDING, AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A "SERVICE-BASED EMPHASIS" THAT RECOGNIZES THE MEMBERS' STATUS AS "OWNERS".
- Income
- $58,676
- Spending
- $53,510
- Employees
- 1
- Volunteers
- 15
- Highest pay
- $29,752, administrative manager
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- DIVIDENDS AND INTEREST PAID TO QUALIFIED MEMBERS OF APPROXIMATELY 430 ACCOUNTS DURING THE CALENDAR YEAR OF 2025. The Credit Union's Board of Directors prefers to compare how well it is doing in the present using comparison of recent past trends and customer satisfaction. The Credit Union paid out dividends during all four quarters of 2025. The dividend rate paid to Members' Shares during each of the four quarters of 2025 was 0.15% APR. It is sometimes hard to accurately quantify the Program Service Accomplishments into revenue dollars measured by expense figures.
- DIRECT EMPLOYEE COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS, AND SERVICING THE LOAN PORTFOLIO. $516,522 in 30 new loans were approved during Calendar Year 2025. $414,314 in 25 new loans were approved during Calendar Year 2024. In order to maintain required liquidity levels, the credit union continued using a waiting list for applying for loans which lack an emergency circumstance. The employee sends a lot of time servicing the loan portfolio while concurrently handling members' shares transactions. Members' shares savings balances continued to rise.
- DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING ACCESS TO MEMBERS TO THEIR ACCOUNTS VIA TELEPHONE OR IN PERSON AT THE CREDIT UNION OFFICE. Our people make our credit union work. Required interaction with the credit union office in person or via telephone is how our members access their accounts and how credit union personnel know our members. Our credit union does not have internet banking, mobile banking, or use smartphone financial applications; it does not use debit cards or checking accounts. The services the credit union provides are the most basic important ones and service fees are kept to a minimum.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(14) credit union.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(14) credit union as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 1969.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.