Credit Unions In the State of California
Only null% goes to programs Strong reserves Growing revenue
Credit Unions In the State of California is a 501(c)(14) organization based in San Jose, California, registered in 2014, with $110,386,749 in FY2024 revenue. CharityIndex grades it A.
5615 Chesbro Ave, San Jose, CA, 95123 EIN 94-1521987 Since 2014
Revenue (FY2024)
$110.4M
▲ 9.2% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$104.9M
Net assets
$160.6M
Employees
295
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Credit Unions In the State of California— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating18 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Credit Unions In the State of California: 18 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Credit Unions In the State of California: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Credit Unions In the State of California: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
A cooperative, organized for the purpose of promoting thrift and savings among its members.
What they do
Meriwest credit union provided members 19,629 consumer loans totaling over $320 million in 2024.
Meriwest credit union offered loans, deposits and other services to 79,486 members in 2024.
Contact & location
- Address
- 5615 Chesbro Ave, San Jose, CA, 95123
- City
- San Jose
- State
- California
- Category
- Public & Societal Benefit
- Subcategory
- Financial Institutions
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $42.7M (FY2013) to $110.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.9BNet assets $160.6M
Operating margin
5.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.1B
Total liabilities
$1.9B
Net assets
$160.6M
Salaries & benefits
$34.7M
33% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $110,386,749▲9.2% | $104,869,185▲6.4% | $160,609,874▲3.0% | $2,097,171,871▼4.4% | 990 |
| 2023 | $101,079,580▲30.7% | $98,580,471▲44.3% | $155,978,906▲9.7% | $2,193,062,292▼2.5% | 990 |
| 2022 | $77,350,663▲12.0% | $68,332,025▲14.7% | $142,192,292▼4.3% | $2,248,988,827▲10.0% | 990 |
| 2021 | $69,088,485▼6.3% | $59,548,796▼8.0% | $148,573,327▲12.9% | $2,043,643,160▲8.4% | 990 |
| 2020 | $73,694,841▲0.2% | $64,721,810▲8.9% | $131,567,439▲4.4% | $1,884,893,406▲12.3% | 990 |
| 2019 | $73,533,809▲9.1% | $59,409,330▲7.8% | $126,011,139▲1.9% | $1,678,537,853▲3.8% | 990 |
| 2018 | $67,382,751▲16.8% | $55,095,745▲18.1% | $123,706,426▲16.6% | $1,617,798,786▲8.8% | 990 |
| 2017 | $57,698,801▲12.1% | $46,644,958▲9.9% | $106,118,908▲14.7% | $1,486,442,082▲10.6% | 990 |
| 2016 | $51,464,594▲17.0% | $42,459,060▲14.8% | $92,522,694▲0.5% | $1,344,502,553▲9.8% | 990 |
| 2015 | $44,000,681▲2.7% | $36,995,141▲12.3% | $92,037,370▼0.5% | $1,224,933,913▲15.8% | 990 |
| 2014 | $42,842,705▲0.3% | $32,941,320▼2.9% | $92,465,436▲9.6% | $1,057,506,843▲2.9% | 990 |
| 2013 | $42,722,129 | $33,918,037 | $84,400,052 | $1,027,899,289 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Lisa Marie Pesta — $607,283 (0.58% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Lisa Marie Pesta | President/ceo | 40 | $607,283 |
| Brian Hennessey | Svp, Chief Financial Officer | 40 | $453,159 |
| Chad Maze | Svp, Chief Operating Officer | 40 | $394,390 |
| Omar Maslic | Financial Advisor | 40 | $314,331 |
| Lina Esther Hess | Vp, Chief Technology Officer | 40 | $308,353 |
| Keith France | Senior Financial Advisor | 40 | $306,393 |
| Jihong Huang | Vp, Chief Treasury Officer | 40 | $293,123 |
| Andrew Nguyen | Financial Advisor | 40 | $274,007 |
| Gennady Fichtenholz | Vp, Digital Strategy and Engagement | 40 | $251,720 |
| Melissa A Cleborne | Vp, Chief Human Resources Officer | 40 | $251,621 |
| Ernesto Segovia | Vp, Network Operations and Security | 40 | $249,676 |
| Cynthia Delacerda Watson | Vp, Chief Risk & Operations Officer | 40 | $242,483 |
| Martina Valentine | President, Meriwest Mortgage | 40 | $230,607 |
| Ian K Foo | Vp, Chief Retail Officer | 40 | $228,395 |
| Jean Christopher Labeau | Avp Information Technology Development | 40 | $222,948 |
| John Kwan | Avp Assistant Controller | 40 | $209,083 |
| Brandi Hoffman-ooka | Vp, Consumer & Fintech Lending | 40 | $183,018 |
| Drarthur L Jue | Chairperson | 2 | — |
| Edwin Mach | Board Member | 2 | — |
| Harsha Vyas | Treasurer | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Jack Henry | It Services | $1,508,322 |
| Digital First Holdings LLC | It Services | $930,169 |
| Elkins Retail Adverstising Inc | Adverstising Services | $745,437 |
| Cardtronics USA Inc | It Services | $402,772 |
| Fgs Facilities Group | Janitorial Services | $372,021 |
Grants made · $5,800 in FY2023
1 grant totaling $5,800 in FY2023. All grants made by Credit Unions In the State of California →
| Recipient | Purpose | Amount |
|---|---|---|
| Childrens Miracle Network | To help children's miracle network hospitals (cmn hospitals) provide the best care for children | $5,800 |
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Frequently asked questions
- Is Credit Unions In the State of California a legitimate nonprofit?
- Yes. Credit Unions In the State of California is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 94-1521987, based in San Jose, California.
- What is Credit Unions In the State of California's EIN?
- Credit Unions In the State of California's Employer Identification Number (EIN) is 94-1521987.
- How much revenue does Credit Unions In the State of California report?
- Credit Unions In the State of California reported $110,386,749 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Credit Unions In the State of California have?
- CharityIndex grades Credit Unions In the State of California A, based on financial health (reserves and operating margin).
- How much does Credit Unions In the State of California's highest-paid employee make?
- The highest reported compensation on Credit Unions In the State of California's latest Form 990 is $607,283, paid to Lisa Marie Pesta (President/ceo).
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Data for Credit Unions In the State of California (EIN 94-1521987) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.