1380 Education First Credit Union Inc
Public records raise at least one point you should look into before giving.
What it says it does
PROVIDE LOW COST LOANS TO SELECT MEMBERSHIP GROUPS, AS WELL AS PROVIDE SAVINGS OPTIONS, FINANCIAL LITERACY AND OTHER FINANCIAL SERVICES AND PRODUCTS WITH A SERVICE BASED EMPHASIS THAT RECOGNIZES MEMBERS AS OWNERS.
- Income
- $10.1 million
- Spending
- $9.7 million
- Employees
- 49
- Volunteers
- 7
- Highest pay
- $278,833, president/ce
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 (3)
- DURING 2024, EDUCATION FIRST CREDIT UNION INCURRED DIVIDEND EXPENSES PROVIDING SHARE DEPOSIT ACOUNTS TO APPROXIMATELY 12,176 MEMBERS. THE NUMBER OF THOSE ACCOUNTS TOTAL APPROXIMATELY 22,643.
- DURING 2024, EDUCATION FIRST CREDIT UNION INCURRED DIRECT LABOR COSTS AND EMPLOYEE BENEFIT COSTS BY PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS.
- DURING 2024, EDUCATION FIRST CREDIT UNION INCURRED OPERATIONS EXPENSES PROVIDING FINANCIAL SERVICES TO MEMBERS SUCH AS ATM ACCESS, SHARED BRANCHING ACCESS, SHARE DRAFT SERVICES, AND OTHER EXPENSES ASSOCIATED WITH FINANCIAL ACCOUNT PROGRAMS. EDUCATION FIRST PROVIDED THESE SERVICES TO AN ESTIMATED 12,176 MEMBERS DURING 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 October 13, 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 October 13, 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 October 13, 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 October 13, 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 October 13, 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 21, 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.