0197 Universal 1 Credit Union Inc
Public records raise at least one point you should look into before giving.
What it says it does
TO ADVANCE THE CREDIT UNION IDEAL OF A MEMBER OWNED, NOT-FOR-PROFIT FINANCIAL COOPERATIVE: TO PROVIDE AND PROMOTE THE USE OF NUMEROUS INNOVATIVE AND HIGH QUALITY FINANCIAL SERVICES FEATURING COMPETITIVE BENEFITS AND ADVANTAGES TO HELP MEMBERS GAIN PERSONAL FINANCIAL SUCCESS; AND TO EXTEND SERVICES EMPHASIZNG FINANCIAL EDUCATION THROUGHOUT THE MEMBERSHIP AND COMMUNITY.
- Income
- $26.4 million
- Spending
- $25.9 million
- Employees
- 120
- Volunteers
- 6
- Highest pay
- $446,414, president/ceo
Source: Form 990 for the year ending December 31, 2024, 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, 2024, 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, 2024, 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 (2)
- LENDING TO CREDIT UNION MEMBERS: WE PROVIDED 7,155 CREDIT CARD AND LINE OF CREDIT LOANS; 5,972 VEHICLE LOANS; 1,299 MORTGAGE LOANS; AND 434 OTHER LOANS TO MEMBERS IN 2024.
- PROVIDING FINANCIAL SERVICES TO CREDIT UNION MEMBERS: WE PROVIDED 31,386 CHECKING ACCOUNTS; 33,030 SAVINGS ACCOUNTS; 1,042 MONEY MARKET ACCOUNTS; 1,196 RETIREMENT ACCOUNTS; 2,805 CERTIFICATES OF DEPOSIT; AND 3,258 OTHER ACCOUNTS TO MEMBERS IN 2024.
Source: Form 990 for the year ending December 31, 2024, 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 2024.
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.