Overview
What is Financial Partners Credit Union?
Financial Partners Credit Union is a cooperative organization based in Downey, California, with a location at 7800 East Imperial Highway, ZIP code 90242. Established to promote thrift and savings among its members, the credit union offers a source of credit with rates determined by its board of directors. As a democratic institution, Financial Partners Credit Union empowers its members to use and control their own money, aiming to improve their economic and social conditions. The credit union's business is conducted for the mutual benefit and general welfare of its members, with earnings, savings, benefits, or services being distributed to them as patrons. The credit union has a workforce of 388 employees.
Official website here: www.fpcu.org
Is Financial Partners Credit Union legitimate?
Financial Partners Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Financial Partners 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: $11,537,113
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,877,736
For more financial information, click here
Official website here: www.fpcu.org
What is the mission statement of Financial Partners Credit Union?
Financial Partners Credit Union is a cooperative established to encourage savings and thrift among its members. Its primary goal is to provide a source of affordable credit and offer members the opportunity to manage their own finances on a democratic basis. By conducting business for the mutual benefit and general welfare of its members, the credit union distributes earnings, savings, benefits, or services back to its patrons. The cooperative structure of Financial Partners Credit Union empowers its members to improve their economic and social conditions.
Official website here: www.fpcu.org
Who is the CEO of Financial Partners Credit Union?
Nader Moghaddam is the President/Ceo of Financial Partners Credit Union. The CEO's salary of Financial Partners Credit Union is $1,255,482 and their total compensation is $1,310,869.
Official website here: www.fpcu.org
What is the revenue of Financial Partners Credit Union?
Financial Partners Credit Union's revenue in 2022 was $83,728,887.
Official website here: www.fpcu.org
Who are the executives of Financial Partners Credit Union and what are their salaries?
The average compensation at Financial Partners Credit Union during 2022 was $70,657. There are 388 employees and 16 volunteers at Financial Partners Credit Union.
Here are 49 key members and their salaries (Financial Partners Credit Union's CEO's salary is $1,255,482 and their total compensation is $1,310,869):
- Nader Moghaddam (President/Ceo)
- William Brown (Real Estate Loan Consultant)
- Juan A Jimenez-Lindmeier (Vp Real Estate Loan Production)
- Carlos Eduardo Burga (Sr Real Estate Loan Consultant)
- Mary Torsney (Svp/Cfo)
- Joseph Brancucci (Svp/Clo)
- Larry Romero (Sr Commercial Loan Officer)
- Darren Herrmann (Svp/Coo)
- Wanda A Williams (Svp/Cao)
- Ermete Vestri (Vp Real Estate Lending)
- Adam Wass (Financial Consultant)
- Justin Chang (Vp Commercial Lending)
- Steven Joffe (Vp Consumer Lending)
- Jill Hall-Erps (Svp/Cro)
- Cambria Briggs (Svp Human Resources)
- Tamer Abouelezz (Real Estate Loan Consultant)
- Lori Reeves (Svp Marketing)
- Marisol Cortez (Real Estate Loan Consultant)
- Joseph Chow (Sr Commercial Loan Officer)
- Phillip Fowler (Vp Cio)
- Stephanie Heglar (Vp Risk Management)
- Eric Johnson (Vp Controller)
- Mario Osorio (Vp Investment/Nsurance)
- Dennis Donnelly (Vp Member Contact Center)
- Travis Long (Vp Enterprise Project Mgmt)
- Michael Stavrakis (Vp Finance)
- Joann Forte (Vp Loan Resolution)
- Mark Lakatos (Vp Learning & Development)
- Evan Albertazzi (Vp Digital Delivery)
- Andrea Portillo (Vp Loan Servicing)
- Royce Ngiam (Vp Sponsor & Community Relations)
- Christopher A Marquez (Vp It Infrastructure)
- Cindy Serafin (Vp Sales & Member Service)
- John Robert Sanchez (Vp Facilities Purchasing)
- Angelo George Cox (Vp Facilities Purchasing & Physical Security)
- Barbara Smith (Chair) [Trustee/Director]
- Mario Guerra (Board Member) [Trustee/Director]
- Caryn Phillips (Supv Cmte Chair) [Trustee/Director]
- Paul Geery (Board Member) [Trustee/Director]
- Steve Koester (Supv Cmte Member) [Trustee/Director]
- Dr William Feaster (Secretary) [Trustee/Director]
- Ralph Crowther Past Chairman (Board Member) [Trustee/Director]
- Alan Bergman (Treasurer) [Trustee/Director]
- Vince Workman (Supv Cmte Member) [Trustee/Director]
- Joe Spetz (Emeritus) [Trustee/Director]
- Yves Pinkowitz (Vice Chair) [Trustee/Director]
- Donna Clawson (Board Member) [Trustee/Director]
- Alex Saab (Board Member) [Trustee/Director]
- Gary Macheel (Emeritus) [Trustee/Director]
Official website here: www.fpcu.org
Where can I find the form 990 for Financial Partners Credit Union?
The Financial Partners Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.fpcu.org
Learn more at the official website: www.fpcu.org
Mission Statement of Financial Partners Credit Union
Financial Partners Credit Union, a cooperative organization, is dedicated to fostering thrift and savings among its members. By promoting the importance of saving, the credit union creates a valuable source of credit for its members, offering attractive interest rates that are determined by the board of directors. The credit union's primary objective is to provide its members with the opportunity to manage their own finances in a democratic fashion, ultimately improving their financial and social conditions.
As a cooperative, Financial Partners Credit Union operates for the mutual benefit and general welfare of its members. The credit union's earnings, savings, benefits, or services are distributed to the members as patronage. The cooperative business model allows Financial Partners Credit Union to conduct its operations with the sole intention of enhancing the economic and social well-being of its members. By promoting thrift and savings, the credit union enables its members to access credit at favorable terms, helping them to build a strong financial foundation and seize opportunities for personal growth.
Impact
This information is meant to be a general summary of Financial Partners Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Financial Partners Credit Union's impact revolves around promoting thrift and savings among its members, providing them with a source of credit at competitive interest rates, and fostering economic and social empowerment. By offering expanded unsecured lending options, including to individuals with lower credit scores, the credit union aims to support and uplift its community members in Downey, CA. Through its cooperative structure, Financial Partners Credit Union prioritizes the mutual benefit and welfare of its members, ensuring that earnings, savings, and services are distributed equitably among patrons. This commitment to democratic financial practices not only improves individual economic conditions but also contributes to the overall social well-being of the 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 ON LOANS
Revenue
$59,117,041
OTHER OPERATING INCOME
Revenue
$20,468,538
FEE INCOME
Revenue
$5,107,484
Organization Details
Founding Year
1937
Phone
(562) 904-4208
Principal Officer
Nader Moghaddam
Main Address
7800 EAST IMPERIAL HIGHWAY, DOWNEY, CA, 90242
Website
www.fpcu.org
NTEE Category
Code: W60 - Public benefit
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