NonprofitsCredit Unions In The State Of California

Credit Unions In The State Of California

SANTA MARIA, CA

Total revenue

$15.2M

Total expenses

$14.2M

Net assets

$18.7M

Grants received

EIN

942407726

Tax year

2024

Mission

A community development and low income certified financial cooperative organized to serve underserved and promote economic equity.

Programs

2 programs

The credit union provides business lending and commercial lending products including real estate first and second loans, community development and government-guaranteed loans such as sba and cal coastal rural development secured-loans and micro-business loans. Additionally, the credit union serves many micro and small businesses and nonprofits locally, as santa cruz county is a community of entrepreneurial businesses and nonprofits that often have few options available to them from the mainstream banking industry.

The credit union provides consumer and business financial products and services geared to supporting the local community members to be viable and self-sufficient in their financial endeavors. Services including a variety of low and no-fee consumer and business checking and savings accounts as well as ira accounts, matricula consular, second chance checking and savings-secured loans that have been designed to serve both moderate and low-income community members, our immigrant community and those living in struggling economic areas.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$11.0M
Investment income$760K
Other revenue$3.4M
Total revenue$15.2M

Expenses

Grants paid$63K
Salaries & benefits$6.3M
Fundraising
Other expenses$7.9M
Total expenses$14.2M
Total assets$186.2M
Net assets$18.7M

People

21 listed

NameRoleCompensation

ELIZABETH CARR

CEO

Board

$314K

40 hrs/wk

KATIE FAIRBAIRN

CAO

Board

$203K

40 hrs/wk

PAUL BARENFUS

CLO

Board

$195K

40 hrs/wk

JOSEPH L COFFMAN

CTO

Board

$177K

40 hrs/wk

EDWARD CROSS JR

CIO

Board

$162K

40 hrs/wk

SYLVIA O SANCHEZ

CFO

Board

$107K

40 hrs/wk

MATT FARRELL

CHAIRMAN

Board

1 hrs/wk

CHUCK HAHN

SUPV CMTE MEMBER

Board

1 hrs/wk

TAMMY PELSTRING

BOARD TREASURER

Board

1 hrs/wk

PAZ PADILLA

BOARD SECRETARY

Board

1 hrs/wk

AMI EBRIGHT

BOARD MEMBER

Board

1 hrs/wk

SYLVIA REYES

BOARD MEMBER

Board

1 hrs/wk

NED VAN VALKENBURGH

BOARD MEMBER

Board

1 hrs/wk

JESSICA LENTH

BOARD MEMBER

Board

1 hrs/wk

ELAINE JOHNSON

BOARD MEMBER

Board

1 hrs/wk

LINDA BROWN

SUPV CMTE CHAIR

Board

1 hrs/wk

SUZANNE MACLEAN

SUPV CMTE MEMBER

Board

1 hrs/wk

JESUS BERUMEN

DIR OF CONSUMER REAL ESTATE

Staff

$141K

40 hrs/wk

LAURA OWEN

DIR OF COMM. OUTREACH LEARN

Staff

$120K

40 hrs/wk

CHARLOTTE EGGLESTON

DIR OF E SERVICES

Staff

$111K

40 hrs/wk

CYNTHIA LOPEZ

BSA / COMPLIANCE MANAGER

Staff

$102K

40 hrs/wk

Independent contractors

SLATTER CONSTRUCTION INC

BUILDING REMODEL SERVICES

$640K

NIELSON STUDIOS

LEASEHOLD IMPROVEMENTS SERVICES

$350K

SOUTHWEST STRATEGIC MARKETING

MARKETING/ ADVERTISING SERVICES

$176K

Details

EIN942407726
Subsection14
Ruling date1961-09
Formed1977
Employees65
Volunteers12
CREDIT UNIONS IN THE STATE OF CALIFORNIA — Mission, Financials & Grants Received | Grantivo