Credit Unions in the State of California
Public records raise at least one point you should look into before giving.
What it says it does
THE GENERAL MISSION OF THE CREDIT UNION IS TO PROMOTE THRIFT, HONESTY, INTEGRITY AND A SPIRIT OF SERVICE AMONG ITS MEMBERS. IN ADDITION, THE ORGANIZATION MAKES LOANS TO ITS MEMBERS AT REASONABLE RATES, INVESTS EXCESS LIQUIDITY PRUDENTLY AND WITHIN LIMITS AS PERMITTED BY CALIFORNIA LAW, AND ENGAGES IN ANY OTHER LAWFUL ACTIVITY NOT PROHIBITED BY APPLICABLE LAWS AND REGULATIONS.
- Income
- $364.1 million
- Spending
- $350.5 million
- Employees
- 1,094
- Volunteers
- 16
- Highest pay
- $2.8 million, 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 (4)
- THE CREDIT UNION HAD $6.28 BILLION IN ASSETS, $3.35 BILLION IN LOANS AND $4.50 BILLION IN MEMBER DEPOSITS AS OF DECEMBER 31, 2024. THE CREDIT UNION POSTED NET EARNINGS OF $18 MILLION IN 2024.
- THE CREDIT UNION'S 2024 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.
- THE CREDIT UNION THROUGH ITS EMPLOYEES, MEMBERS, AND WESCOM FOUNDATION SUPPORTED COMMUNITY OUTREACH THROUGHOUT 2024. $1,000,000+ GRANTED TO SUPPORT NON-PROFIT PARTNERS AND NON-PROFIT ORGANIZATION , AND $25,000 DONATED TO NATIONAL MULTIPLE SCLEROSIS SOCIETY.
- THE CREDIT UNION ACQUIRED CENTRAL COAST CREDIT UNION ON APRIL 1, 2024. THE ACQUISITION WAS UNDERTAKEN TO INCREASE EFFICIENCIES TO IMPROVE OVERALL SERVICE TO THE CONSOLIDATED MEMBER BASE. NO CONSIDERATION WAS PAID FOR THE ACQUISITION, YET THE FAIR VALUE OF THE ACQUIRED EQUITY BELOW IS REFLECTIVE OF A HYPOTHETICAL TRANSACTION PRICE. THE CREDIT UNION ASSUMED ALL ASSETS AND LIABILITIES OF THE ACQUIRED INSTITUTION AND ACCOUNTED FOR THE TRANSACTIONS AT FAIR VALUE PURSUANT TO ACQUISITION ACCOUNTING GUIDANCE. THE FAIR VALUE OF THE ACQUIRED ENTITY TOTALED $2,019,038.
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 September 1961.
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.