Credit Unions In the State of California
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Credit Unions In the State of California is a 501(c)(14) organization based in Los Angeles, California, registered in 2016, with $109,183,254 in FY2024 revenue. CharityIndex grades it A.
6735 Forest Lawn Dr, Los Angeles, CA, 90068 EIN 95-2513485 Since 2016
Revenue (FY2024)
$109.2M
▲ 8.9% vs prior year
Expenses (FY2024)
$102.8M
Net assets
$167.7M
Employees
277
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 rating20 mo reserves · +6% 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: 20 mo reserves · +6% 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
First entertainment credit union members have access to a variety of loan products including personal and auto loans and a comprehensive portfolio of real estate loans. additionally, the credit union offers a complete suite of commercial real estate as well as commercial and industrial loans to service business lending needs.
First entertainment credit union members enjoy free online account access as well as a variety of additional member-only benefits.
Contact & location
- Address
- 6735 Forest Lawn Dr, Los Angeles, CA, 90068
- City
- Los Angeles
- State
- California
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $47.2M (FY2015) to $109.2M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.9BNet assets $167.7M
Operating margin
5.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.1B
Total liabilities
$1.9B
Net assets
$167.7M
Salaries & benefits
$32.8M
32% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $109,183,254▲8.9% | $102,752,796▲17.2% | $167,683,773▲11.1% | $2,105,153,292▼4.7% | 990 |
| 2023 | $100,298,881▲26.3% | $87,655,388▲42.2% | $150,923,436▲23.2% | $2,209,711,281▲4.7% | 990 |
| 2022 | $79,392,811▲7.7% | $61,630,121▲9.0% | $122,497,669▼23.5% | $2,110,364,195▲0.1% | 990 |
| 2021 | $73,701,401▲2.9% | $56,522,507▼22.0% | $160,161,983▲3.1% | $2,107,643,635▲11.4% | 990 |
| 2020 | $71,658,881▼4.0% | $72,484,074▲17.0% | $155,344,732▲1.7% | $1,891,651,990▲17.2% | 990 |
| 2019 | $74,614,338▲13.0% | $61,947,898▲18.5% | $152,745,582▲15.6% | $1,613,755,239▲5.8% | 990 |
| 2018 | $66,029,396▲39.8% | $52,285,341▲32.6% | $132,151,639▲13.6% | $1,525,870,785▲23.3% | 990 |
| 2015 | $47,230,926 | $39,424,004▲8.3% | $116,282,595▲55.3% | $1,237,809,965▲49.7% | 990 |
| 2010 | — | $36,395,747 | $74,861,758 | $826,651,254 | 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: Stephen Owen — $885,785 (0.86% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Stephen Owen | President/ceo | 40 | $885,785 |
| Kenneth Kramer Former | Svp/cfo | 40 | $494,996 |
| Jonathan Partridge | Evp/chief Strategy Officer | 40 | $427,676 |
| Jennifer Jordan Former | Svp/chief Risk Officer | 40 | $407,895 |
| Adriana Allison | Svp/chief Experience Officer | 40 | $362,691 |
| Janet Kwon-gaspard | Svp/chief People Officer | 40 | $332,719 |
| Shannon Leitch | Vp Commercial & Real Estate Lending | 40 | $278,875 |
| Lisa Rauda-cook | Vp Member Experience | 40 | $269,833 |
| Jeffrey J Platt | Svp/chief Information Officer | 40 | $269,098 |
| Daniel Arita | Vp Strategy | 40 | $261,105 |
| Irina Abramova | Vp Information Technology | 40 | $244,932 |
| Paul Partida | Vp Engineering | 40 | $234,607 |
| Molly Holcomb Former | Svp/chief Marketing Officer | 40 | $199,767 |
| Elena Campbell-martinez | Board Member | 1 | — |
| Howard Welinsky | Board Member | 1 | — |
| Irwin Jacobson | Treasurer | 1 | — |
| James Herr | Board Member | 1 | — |
| Jeff Mirkin | Board Member | 1 | — |
| Laura Valan | Secretary | 1 | — |
| Michael Edwards | Board Member | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Bluespace Interiors | Interior Design Consultants | $294,464 |
| Ttec Digital LLC | It and Communcations Services | $267,534 |
| Styskal Wiese & Melchione LLP | Legal Services | $251,659 |
| Sapphire Trail LLC | Marketing Services | $216,562 |
| Saltee Co LLC | Advisory Consulting Services | $170,750 |
Grants made · $26K in FY2024
1 grant totaling $26K in FY2024. All grants made by Credit Unions In the State of California →
| Recipient | Purpose | Amount |
|---|---|---|
| Childrens Miracle Network | To provide the best care for kids in children's hospitals | $25,930 |
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 95-2513485, based in Los Angeles, 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 95-2513485.
- How much revenue does Credit Unions In the State of California report?
- Credit Unions In the State of California reported $109,183,254 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 $885,785, paid to Stephen Owen (President/ceo).
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Data for Credit Unions In the State of California (EIN 95-2513485) 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.