Form 990 for tax year 2022
Filed by EL MONTE COMMUNITY CREDIT UNION.
Totals
- Total revenue
- $1,224,087
- Total expenses
- $1,079,262
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $534,535
- Investment income
- $201,247
- Other revenue
- $488,305
- Total assets, end of year
- $32,839,949
- Total liabilities, end of year
- $30,179,778
- Net assets or fund balances, end of year
- $2,660,171
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: Interest on Loans
total $534,535 · related or exempt $534,535
-
3 · Investment income
total $201,247 · related or exempt $201,247
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Fee Income
total $363,117 · related or exempt $363,117
-
11b · Other revenue: Other Non-Operating Income
total $125,188 · related or exempt $125,188
-
11e · Other revenue, total
$488,305
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $10,070
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $402,725
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $42,268
-
12 · Advertising and promotion
total $25,576
-
13 · Office expenses
total $420,864
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $68,402
-
17 · Travel
total $52
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $13,242
-
24a · Other expenses: Loan servicing expense
total $29,618
-
24b · Other expenses: Provision for Loan Losses(cr)
total $28,757
-
24c · Other expenses: Miscellaneous Expense
total $18,124
-
24d · Other expenses: Operating Fees
total $12,460
-
24e · All other expenses
total $7,104
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $248,784 · end of year $326,404
-
2 · Savings and temporary cash investments
beginning of year $9,005,730 · end of year $1,756,096
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $119,730 · end of year $677,367
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $6,999,142 · end of year $10,877,337
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$577,645
-
10b · Land, buildings and equipment: accumulated depreciation
$435,782
-
10c · Land, buildings and equipment, net
beginning of year $177,956 · end of year $141,863
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
beginning of year $17,778,902 · end of year $17,605,816
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $980,578 · end of year $1,455,066
-
17 · Accounts payable and accrued expenses
beginning of year $147,301 · end of year $418,866
-
25 · Other liabilities
beginning of year $32,648,175 · end of year $29,760,912
-
31 · Retained earnings, endowment or other funds
beginning of year $2,515,346 · end of year $2,660,171
Mission and programs · 2022
Mission
El Monte Community Credit Union is a non-profit financial cooperative that provides services for their members including savings and loans. The mission of the Credit Union is to charge the least in their loans and pay the most for deposits to its members.
-
Provided deposit and loan accounts to members. Provided low cost source of credit and low cost financial services to our members. Provided source for member savings and checking account needs.
As filed on the 2022 return.
Listed in Part VII
-
Rebecca Aguirre
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
David Paredes
Board Treasurer
- Total calculated
- $0
- Hours/week
- 0.5
-
Angel R Nunez
Board ViceChair
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert Velasquez
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
James Mussenden
Board Chairman
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael McClure
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
William Larry Fry
Board Secretary
- Total calculated
- $0
- Hours/week
- 0.5
-
Maria C Caballero
SC Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Sheila S Crippen Thomas
SC member
- Total calculated
- $0
- Hours/week
- 0.5
-
Amparo Becerra
SC member
- Total calculated
- $0
- Hours/week
- 0.5
-
Sandra Rosas
CEO
- Total calculated
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343189349312629
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