The Police Credit Union Of California

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 941278209 ✦ San bruno, CA ✦ Designated as a 501(c)(14)

Overview

What is The Police Credit Union Of California?

The Police Credit Union of California is a cooperative based in San Bruno, California, with an address at 1250 Grundy Lane, ZIP code 94066. Founded to promote thrift and savings among its members, the credit union provides consumer loans and creates a source of credit for them with interest rates determined by the board of directors. Its offerings include vehicle loans, credit cards, and personal lines of credit. The credit union is democratically owned and operated, allowing members to control their own money for their economic and social improvement. The Police Credit Union of California conducts its business for the mutual benefit and general welfare of its members, distributing earnings, savings, benefits, or services back to them as patronage. The cooperative has a workforce of 166 employees.


Official website here: www.thepolicecu.org

Is The Police Credit Union Of California legitimate?

The Police Credit Union Of California is a legitimate nonprofit organization registered as a 501(c)(14) entity. The Police Credit Union Of California submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $4,119,665
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,277,260

For more financial information, click here


Official website here: www.thepolicecu.org

What is the mission statement of The Police Credit Union Of California?

The Police Credit Union of California functions as a cooperative, dedicated to fostering savings among its members. Its primary goal is to create a lending source for its members with interest rates determined by the board of directors. Members have the opportunity to manage their own funds in a democratic manner, with the aim of enhancing their economic and social conditions. As a cooperative, the Credit Union conducts its business for the mutual benefit and overall well-being of its members. The earnings, savings, and benefits of the Credit Union are redistributed to its members as patronage.


Official website here: www.thepolicecu.org

Who is the CEO of The Police Credit Union Of California?

Eddie Young is the Chairman of The Police Credit Union Of California. The CEO's salary of The Police Credit Union Of California is $665,973 and their total compensation is $699,490.


Official website here: www.thepolicecu.org

What is the revenue of The Police Credit Union Of California?

The Police Credit Union Of California's revenue in 2022 was $36,091,667.


Official website here: www.thepolicecu.org

Who are the executives of The Police Credit Union Of California and what are their salaries?

The average compensation at The Police Credit Union Of California during 2022 was $86,728. There are 166 employees and 10 volunteers at The Police Credit Union Of California.

Here are 25 key members and their salaries (The Police Credit Union Of California's CEO's salary is $665,973 and their total compensation is $699,490):

    Eddie Young (President/Ceo)
  • Compensation: $665,973
  • Related: $0
  • Other: $33,517

    • Michael Bare (Svp/Cfo)
  • Compensation: $286,093
  • Related: $0
  • Other: $53,497

    • Deirdre Cloherty (Svp/Coo)
  • Compensation: $278,146
  • Related: $0
  • Other: $22,231

    • Blake Pelletier (Svp/Cio)
  • Compensation: $243,386
  • Related: $0
  • Other: $54,451

    • Christopher Michalak (Svp Lending)
  • Compensation: $249,756
  • Related: $0
  • Other: $26,153

    • Kathleen Graham (Svp/Marketing)
  • Compensation: $198,886
  • Related: $0
  • Other: $62,695

    • Nicole Poole (Vp Real Estate)
  • Compensation: $208,928
  • Related: $0
  • Other: $34,779

    • Syed Hossain (Vp Information Technology)
  • Compensation: $222,509
  • Related: $0
  • Other: $6,642

    • Michael Masters (Vp Business Application)
  • Compensation: $202,397
  • Related: $0
  • Other: $24,122

    • Neha Tare (Api Developer)
  • Compensation: $194,397
  • Related: $0
  • Other: $15,494

    • Kymberli Roberts (Vp Member Experience)
  • Compensation: $179,442
  • Related: $0
  • Other: $23,392

    • Patrick Chin (Infastructure Service Manager)
  • Compensation: $157,576
  • Related: $0
  • Other: $43,597

    • Natalie Signorelli (Vp Talent & Organization Development)
  • Compensation: $184,685
  • Related: $0
  • Other: $14,154

    • Susan Kirk (Vp Accounting & Eps)
  • Compensation: $180,148
  • Related: $0
  • Other: $14,396

    • Simon Liu (Avp Retail)
  • Compensation: $156,762
  • Related: $0
  • Other: $37,385

    • Darlene Hong (Vp Member Development)
  • Compensation: $180,170
  • Related: $0
  • Other: $13,861

    • Victor To (Network Services Manager)
  • Compensation: $173,294
  • Related: $0
  • Other: $13,971

    • Thomas Hughes (Avp Risk Management)
  • Compensation: $157,117
  • Related: $0
  • Other: $21,053

    • John Goldberg (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michelle Jean (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Tacchini (Board Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Croce A Casciato (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Hebel (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Puts (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Glenn R Sylvester (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.thepolicecu.org

    Where can I find the form 990 for The Police Credit Union Of California?

    The The Police Credit Union Of California’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.thepolicecu.org

    Learn more at the official website: www.thepolicecu.org

    Mission Statement of The Police Credit Union Of California

    The Police Credit Union of California, a cooperative established with the primary goal of promoting thrift and savings among its members, exists to create a reliable source of credit for them at board-determined interest rates. This member-owned financial institution offers its members an opportunity to manage their own money democratically, aiming to enhance their economic and social conditions.

    As a cooperative, the Police Credit Union of California operates with the mutual benefit and general welfare of its members in mind. The earnings, savings, benefits, or services of the credit union are distributed back to its members, acting as a democratic patronage. The organization's mission is geared towards improving the financial well-being of its members by providing them with the tools to save and access affordable credit.

    Impact

    This information is meant to be a general summary of The Police Credit Union Of California. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Police Credit Union Of California has had a significant impact on promoting thrift and savings among its members, providing a source of credit at favorable interest rates set by the board of directors. Through a wide range of product offerings such as vehicle loans, credit cards, and personal lines of credit, the credit union has successfully met the financial needs of its members. By operating as a cooperative, the credit union functions for the mutual benefit and general welfare of its members, distributing earnings, savings, benefits, or services to its members as patrons. This model allows members to use and control their own money democratically, thereby improving their economic and social conditions. The Police Credit Union Of California's commitment to its mission has facilitated a positive impact on its community and members.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,900,269
  • Program Service Revenue: $30,191,398
  • Gross Receipts: $36,091,667

    • Assets and Liabilities:
  • Total Assets: $1,093,871,725
  • Total Liabilities: $1,007,356,250
  • Net Assets: $86,515,475
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INTEREST ON LOANS

    Revenue

    $22,087,726

    OTHER OPERATING INCOME

    Revenue

    $5,668,549

    FEE INCOME

    Revenue

    $2,435,123

    Organization Details

    Founding Year

    1953

    Principal Officer

    Eddie Young

    Main Address

    1250 GRUNDY LANE, SAN BRUNO, CA, 94066

    NTEE Category

    Code: W60 - Public benefit

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