Overview
What is Wescom Central Credit Union?
Wescom Central Credit Union is a cooperative financial institution based in Pasadena, California, with assets totaling $5.6 billion, $3 billion in loans, and $4.38 billion in member deposits as of December 31, 2022. The credit union's mission is to encourage savings and thrift among its members and promote honesty, integrity, and a service-oriented spirit. It provides loans to members at reasonable rates, invests excess liquidity prudently, and engages in lawful activities. Wescom Central Credit Union had net earnings of $57 million in 2022, employing a workforce of 977 individuals.
Official website here: www.wescom.org
Is Wescom Central Credit Union legitimate?
Wescom Central Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Wescom Central Credit Union 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: $12,218,427
Professional Fundraising Fees: $0
Other Salaries and Wages: $67,915,812
For more financial information, click here
Official website here: www.wescom.org
What is the mission statement of Wescom Central Credit Union?
Wescom Central Credit Union is a cooperative, established with the goal of encouraging savings among its members. The organization's mission encompasses the promotion of thrift, honesty, integrity, and a service-oriented mindset among its members. Beyond savings, Wescom Central Credit Union extends loans to its members at reasonable rates and manages excess liquidity prudently, adhering to California law. The credit union engages in various lawful activities that do not contradict applicable laws and regulations.
Official website here: www.wescom.org
Who is the CEO of Wescom Central Credit Union?
Cindy Law is the Board Member of Wescom Central Credit Union. The CEO's salary of Wescom Central Credit Union is $1,283,603 and their total compensation is $2,504,126.
Official website here: www.wescom.org
What is the revenue of Wescom Central Credit Union?
Wescom Central Credit Union's revenue in 2022 was $290,994,983.
Official website here: www.wescom.org
Who are the executives of Wescom Central Credit Union and what are their salaries?
The average compensation at Wescom Central Credit Union during 2022 was $82,021. There are 977 employees and 16 volunteers at Wescom Central Credit Union.
Here are 40 key members and their salaries (Wescom Central Credit Union's CEO's salary is $1,283,603 and their total compensation is $2,504,126):
- Darren Williams (President & Ceo)
- Keith Pipes (Evp Lending & Financial Serv)
- Joseph Pellissery (Senior Vp Technology & Cio)
- Pan Kwe (Sr Financial Advisor)
- Irving Chiu Heng Yu (Svp Finance & Cfo)
- Jonathon Allen (Svp Financial Svcs & Deposit Operations)
- Melissa Pederson (Svp Administration)
- Charles Thomas (Svp Chief Lending Officer)
- Adriana Welch (Svp Branch Operations)
- Hashim Forrester (Svp Remote Service Delivery)
- Donald Sablatura (Mortgage Loan Officer)
- Carina Hollis (Svp And General Counsel)
- Danova Chow (Wealth Advisor)
- Cindy Ching-Ching Law (Vp Finance)
- Alexander Munro (Vp Information Technology)
- Jonathon Bauman (Vp Loan Servicing & Default Mgr)
- Gary Kokonyan (Vp Business Analytics)
- Stephanie Winkler (Vp Human Capital & Development)
- Jeff Smrcka (Vp Consumer Lending)
- Lisa Thompson (Vp Enterprise Risk)
- Maggie Pacheco (Vp Mortgage Lending)
- David Jabczenski (Dir. Investment Services)
- Rafael Guerra (President Wis)
- Victor Lopez (Vp Branch Operations)
- Russell Douglass (Vp Treasury)
- Truong Thieu (Financial Advisor)
- Mark Dy-Ragos (Vp Information Security)
- David Cerwinski (Vp Corp Dev & Pres Of Wrg)
- Brian Sedlak (Vp Info Tech Development)
- Daniel Kraus (Secretary) [Trustee/Director]
- Ron Fischer (Treasurer) [Trustee/Director]
- Noel Ross (Chairman) [Trustee/Director]
- Gina Friedrich (Board Member) [Trustee/Director]
- Hani Bhimiji (Vice Chairman) [Trustee/Director]
- Virginia Panossian (Board Member) [Trustee/Director]
- Brad Selby (Board Member) [Trustee/Director]
- Jeff Luong (Board Member) [Trustee/Director]
- Jessica Gutierrez (Board Member) [Trustee/Director]
- David Perez (Board Member) [Trustee/Director]
- Pouria Abbasi (Board Member) [Trustee/Director]
Official website here: www.wescom.org
Where can I find the form 990 for Wescom Central Credit Union?
The Wescom Central Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.wescom.org
Learn more at the official website: www.wescom.org
Mission Statement of Wescom Central Credit Union
Wescom Central Credit Union, a cooperative with a noble purpose, is dedicated to encouraging thrift and savings among its members. The organization's mission extends beyond mere financial practices, as it also fosters values such as honesty, integrity, and a spirit of service. In essence, Wescom Central Credit Union aims to create a community of responsible savers and borrowers.
To achieve this mission, the credit union grants loans to its members at reasonable rates. This not only benefits individuals in need of financial assistance but also reinforces the culture of savings within the community. Furthermore, Wescom Central Credit Union invests excess liquidity prudently, ensuring the financial stability of the cooperative. In accordance with California law, the organization engages in any other lawful activity that does not contravene applicable laws and regulations.
By promoting thrift and making loans available to its members, Wescom Central Credit Union serves as a vital financial resource for its community. The cooperative's commitment to honesty, integrity, and service creates a unique environment that fosters trust and cooperation among its members. As a result, Wescom Central Credit Union empowers its members to make informed financial decisions and improve their financial well-being.
Impact
This information is meant to be a general summary of Wescom Central Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Wescom Central Credit Union's impact is centered around promoting thrift and savings among its members. With $5.6 billion in assets, $3 billion in loans, and $4.38 billion in member deposits, the credit union plays a significant role in providing financial services to its community. Its mission focuses on promoting thrift, honesty, integrity, and a spirit of service among its members. By offering loans at reasonable rates, investing prudently, and engaging in lawful activities, Wescom Central Credit Union contributes to the financial well-being of its members and the broader community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$101,930,558
FEE INCOME
Revenue
$39,979,040
OTHER OPERATING INCOME
Revenue
$34,681,995
Organization Details
Founding Year
1934
Phone
(888) 493-7266
Principal Officer
Cindy Law
Main Address
123 SOUTH MARENGO AVENUE, PASADENA, CA, 911012428
Website
www.wescom.org
NTEE Category
Code: W60 - Public benefit
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