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Nonprofiteer
← CREDIT UNIONS IN THE STATE OF CALIFORNIA

Form 990 for tax year 2022

Filed by CREDIT UNIONS IN THE STATE OF CALIFORNIA.

Totals

Total revenue
$255,066,926
Total expenses
$213,389,731
Contributions and grants received
$0
Grants paid
$978,429
Program service revenue
$172,150,569
Investment income
$78,791,920
Other revenue
$4,124,437
Total assets, end of year
$10,762,461,158
Total liabilities, end of year
$9,868,597,206
Net assets or fund balances, end of year
$893,863,952
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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 $154,114,559 · related or exempt $154,114,559

  • 2b · Program service revenue: OTHER OPERATING INCOME

    total $16,771,816 · related or exempt $12,090,603 · unrelated business $4,681,213

  • 2c · Program service revenue: FEE INCOME

    total $1,264,194 · related or exempt $1,204,058 · unrelated business $60,136

  • 3 · Investment income

    total $78,791,951 · related or exempt $78,791,951

  • 7b · Less cost or other basis and sales expenses

    other assets $31

  • 7c · Gain or loss

    other assets -$31

  • 7d · Net gain or loss

    total -$31 · related or exempt -$31

  • 11a · Other revenue: GAIN (LOSS) ON NON-TRA

    total $2,676,152 · related or exempt $2,676,152

  • 11b · Other revenue: OTHER INCOME FROM NCUA

    total $1,448,285 · related or exempt $1,448,285

  • 11e · Other revenue, total

    $4,124,437

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $928,429

  • 2 · Grants to domestic individuals

    total $50,000

  • 5 · Compensation of officers, directors and key employees

    total $8,288,871

  • 7 · Other salaries and wages

    total $33,968,971

  • 8 · Pension plan contributions

    total $32,193,247

  • 9 · Other employee benefits

    total $8,155,357

  • 10 · Payroll taxes

    total $2,073,289

  • 11b · Fees: legal

    total -$253,665

  • 11c · Fees: accounting

    total $526,541

  • 11f · Fees: investment management

    total $69,418

  • 11g · Fees: other

    total $4,657,967

  • 12 · Advertising and promotion

    total $3,599,887

  • 13 · Office expenses

    total $6,407,164

  • 14 · Information technology

    total $822,127

  • 16 · Occupancy

    total $2,573,347

  • 17 · Travel

    total $585,892

  • 20 · Interest

    total $91,476,653

  • 22 · Depreciation, depletion and amortization

    total $1,231,478

  • 23 · Insurance

    total $823,522

  • 24a · Other expenses: LOAN SERVICING EXPENSE

    total $9,748,349

  • 24b · Other expenses: MISC OPERATING EXPENSE

    total $3,952,194

  • 24c · Other expenses: PROVISION FOR LOAN & LE

    total $827,194

  • 24d · Other expenses: OPERATING FEES

    total $683,499

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,711,555 · end of year $13,560,154

  • 2 · Savings and temporary cash investments

    beginning of year $346,268,037 · end of year $417,854,322

  • 5 · Loans and receivables from officers and key people

    beginning of year $6,869,421 · end of year $6,805,051

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,898,561 · end of year $3,258,113

  • 10a · Land, buildings and equipment: cost or other basis

    $44,275,232

  • 10b · Land, buildings and equipment: accumulated depreciation

    $30,455,197

  • 10c · Land, buildings and equipment, net

    beginning of year $14,335,528 · end of year $13,820,035

  • 11 · Investments: publicly traded securities

    beginning of year $5,498,929,576 · end of year $4,639,132,377

  • 13 · Investments: program-related

    beginning of year $4,879,989,703 · end of year $5,385,235,865

  • 15 · Other assets

    beginning of year $306,827,327 · end of year $282,795,241

  • 17 · Accounts payable and accrued expenses

    beginning of year $68,603,391 · end of year $76,989,603

  • 25 · Other liabilities

    beginning of year $9,778,910,223 · end of year $9,791,607,603

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,220,316,094 · end of year $893,863,952

Mission and programs · 2022

Mission

A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, STAR ONE CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.

Activities or mission (Part I)

A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS.

  • STAR ONE CREDIT UNION PROVIDED SERVICES TO 121,849 MEMBERS WITH SAVINGS AND LOAN ACCOUNTS.

  • STAR ONE OFFERED SOLAR LOANS.

  • STAR ONE CREDIT UNION PROVIDED 10,385 LOANS TOTALLING $1,719,163,205 IN 2022.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Melissa Henck

    CHAIR

    Total calculated
    $3,289
    From this org
    $3,289
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • David Daggett

    1ST VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Richard Aochi

    2ND VICE CHAIR

    Total calculated
    $1,148
    From this org
    $1,148
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jeff Gaut

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Triny Lee

    SECRETARY

    Total calculated
    $1,444
    From this org
    $1,444
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Martin Eng

    DIRECTOR

    Total calculated
    $3,429
    From this org
    $3,429
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Patricia Humecke

    DIRECTOR

    Total calculated
    $2,319
    From this org
    $2,319
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • James Barnhart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christina Goeas

    DIRECTOR

    Total calculated
    $1,876
    From this org
    $1,876
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Brian Lawler

    SUPERVISORY COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • Cyrus Tabari

    SUPERVISORY COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • Ponprom Flynn

    SUPERVISORY COMMITTEE

    Total calculated
    $3,062
    From this org
    $3,062
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Tyler Martin

    SUPERVISORY COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • Kristen Mank

    SUPERVISORY COMMITTEE

    Total calculated
    $1,875
    From this org
    $1,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Gary Rodrigues

    PRESIDENT & CEO

    Total calculated
    $5,750,729
    From this org
    $1,712,956
    From related orgs
    $0
    Other
    $4,037,773
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $853,127
    Bonus
    $835,853
    Other
    $23,976
    Deferred
    $3,994,511
    Nontaxable benefits
    $43,262
    Filer's total
    $5,750,729

  • M Mucker

    EXECUTIVE VP - OPS

    Total calculated
    $2,704,987
    From this org
    $2,202,536
    From related orgs
    $0
    Other
    $502,451
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $448,688
    Bonus
    $266,517
    Other
    $1,487,331
    Deferred
    $482,006
    Nontaxable benefits
    $20,445
    Filer's total
    $2,704,987

  • B Ross

    EXECUTIVE VP - FINANCE & A

    Total calculated
    $1,651,591
    From this org
    $857,895
    From related orgs
    $0
    Other
    $793,696
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $453,040
    Bonus
    $242,508
    Other
    $162,347
    Deferred
    $748,774
    Nontaxable benefits
    $44,922
    Filer's total
    $1,651,591

  • A Sebastian

    VP - CONTROLLER

    Total calculated
    $1,284,261
    From this org
    $765,800
    From related orgs
    $0
    Other
    $518,461
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $313,225
    Bonus
    $151,308
    Other
    $301,267
    Deferred
    $496,922
    Nontaxable benefits
    $21,539
    Filer's total
    $1,284,261

  • M Gupta

    VP - REMOTE SERVICES

    Total calculated
    $1,393,420
    From this org
    $478,466
    From related orgs
    $0
    Other
    $914,954
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $309,019
    Bonus
    $168,718
    Other
    $729
    Deferred
    $873,210
    Nontaxable benefits
    $41,744
    Filer's total
    $1,393,420

  • S Panicker

    VP - TREASURY

    Total calculated
    $1,237,114
    From this org
    $465,103
    From related orgs
    $0
    Other
    $772,011
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $299,405
    Bonus
    $159,231
    Other
    $6,467
    Deferred
    $735,712
    Nontaxable benefits
    $36,299
    Filer's total
    $1,237,114

  • V Tabler

    VP - REAL ESTATE LENDING

    Total calculated
    $645,470
    From this org
    $470,275
    From related orgs
    $0
    Other
    $175,195
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $320,205
    Bonus
    $148,389
    Other
    $1,681
    Deferred
    $143,169
    Nontaxable benefits
    $32,026
    Filer's total
    $645,470

  • K Sullivan

    VP - DEPOSIT SERVICES

    Total calculated
    $516,116
    From this org
    $453,396
    From related orgs
    $0
    Other
    $62,720
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $301,418
    Bonus
    $148,389
    Other
    $3,589
    Deferred
    $35,140
    Nontaxable benefits
    $27,580
    Filer's total
    $516,116

  • R Rutledge

    VP - HUMAN RESOURCES

    Total calculated
    $489,123
    From this org
    $437,038
    From related orgs
    $0
    Other
    $52,085
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $286,902
    Bonus
    $144,167
    Other
    $5,969
    Deferred
    $34,426
    Nontaxable benefits
    $17,659
    Filer's total
    $489,123

  • V Brosas

    VP - DEPOSIT SERVICES

    Total calculated
    $624,031
    From this org
    $426,963
    From related orgs
    $0
    Other
    $197,068
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,132
    Bonus
    $138,863
    Other
    $9,968
    Deferred
    $179,315
    Nontaxable benefits
    $17,753
    Filer's total
    $624,031

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4B
THE 457(B) IS AN UNFUNDED ELIGIBLE DEFERRED COMPENSATION PLAN FOR THE CREDIT UNION TO PROVIDE RETIREMENT BENEFITS AND INCIDENTAL BENEFITS TO HIGHLY COMPENSATED EMPLOYEES. PARTICIPANTS ARE THOSE EMPLOYEES RECEIVING COMPENSATION OVER $120,000. THE 457(F) SERP PLAN PROVIDES HIGHLY COMPENSATED EMPLOYEES WITH SUPPLEMENTAL RETIREMENT INCOME. THE PLAN HAS NO CONTRIBUTION LIMITS OR RESTRICTIONS, DOES NOT RECEIVE CONTRIBUTIONS FROM THE EXECUTIVE AND PROVIDES A LUMP SUM TO THE EXECUTIVE. THE PLAN ASSETS ARE THE ASSETS OF THE CREDIT UNION AND ARE SUBJECT TO CLAIMS OF CREDITORS. PARTICIPANTS ARE GARY RODRIGUES, BRIAN ROSS, MARGARETE MUCKER, ANN SEBASTIAN, JOE FAGENSTROM, REGINA RUTLEDGE, SAFAL PANICKER, MINAL GUPTA, VANESSA BROSAS, ALEX KIM AND VICTORIA TABLER.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • SECOND HARVEST FOOD BANK

    $100,000

    NON-PROFIT ORGANIZATION THAT IS DEDICATED TO ENDING LOCAL HUNGER BY PROVIDING FOOD TO NEARLY A QUARTER OF A MILLION PEOPLE EACH MONTH, PROMOTING FEDERAL NUTRITION PROGRAMS AND EDUCATING FAMILIES ON HOW TO MAKE HEALTHIER FOOD CHOICES.

  • JACOB'S HEART CHILDREN'S CANCER SUPPORT SVCS

    $32,500

    NON-PROFIT ORGANIZATION THAT PROVIDES FAMILY-CENTERED CARE THAT ADDRESSES THE EMOTIONAL, PRACTICAL AND FINANCIAL STRUGGLES FOR FAMILIES OF CHILDREN AND TEENS DURING TREATMENT, FAMILIES EXPERIENCING ANTICIPATORY GRIEF AND THOSE WHO ARE BEREAVED.

  • THE ALZHEIMER'S ASSOCIATION

    $25,000

    NON-PROFIT ORGANIZATION THAT RAISES AWARENESS AND FUNDS FOR ALZHEIMER'S CARE, SUPPORT AND RESEARCH.

  • CANINE COMPANIONS FOR INDEPENDENCE INC

    $25,000

    NON-PROFIT ORGANIZATION THAT ENHANCES THE LIVES OF PEOPLE WITH DISABILITIES BY PROVIDING HIGHLY TRAINED ASSISTANCE DOGS AND ONGOING SUPPORT TO ENSURE QUALITY PARTNERSHIPS.

  • CANCER CAREPOINT INC

    $25,000

    NON-PROFIT ORGANIZATION DEDICATED TO TRANSFORMING SUPPORT FOR CANCER PATIENTS, FAMILIES, & CAREGIVERS IN SILICON VALLEY THROUGH PERSONALIZED ONE-ON-ONE COUNSELING, ASSISTANCE, RESOURCES AND EDUCATION.

  • SUNNYVALE COMMUNITY SERVICES

    $25,000

    NON-PROFIT ORGANIZATION DEDICATED TO PREVENTING HOMELESSNESS AND HUNGER FOR LOW-INCOME FAMILIES AND SENIORS FACING TEMPORARY CRISES BY PROVIDING FINANCIAL AID, FOOD AND OTHER SUPPORT THAT PREVENTS LARGER PROBLEMS WITH MORE EXPENSIVE SOLUTIONS.

  • LUCILLE PACKARD CHILDREN'S FOUNDATION

    $20,000

    NON-PROFIT ORGANIZATION THAT ELEVATES THE PRIORITY OF CHILDREN'S HEALTH AND INCREASES THE QUALITY AND ACCESSIBILITY OF CHILDREN'S HEALTHCARE THROUGH LEADERSHIP AND DIRECT INVESTMENT.

  • AMERICAN CANCER SOCIETY

    $20,000

    NON-PROFIT ORGANIZATION THAT HELPS SAVE LIVES, CELEBRATE LIVES AND LEADS THE FIGHT FOR A WORLD WITHOUT CANCER. PROMOTING HEALTHY LIFESTYLES TO HELP PREVENT CANCER AND RESEARCHING CANCER AND ITS CAUSES TO FIND MORE ANSWERS AND BETTER TREATMENTS

  • ANIMAL ASSISTED HAPPINESS

    $20,000

    NON-PROFIT ORGANIZATION THAT ENRICHES THE LIVES OF YOUTH WITH NEEDS THROUGH BARNYARD INTERACTIONS AT THEIR SMILE FARM AND MOBILE VISITS.

  • REBUILDING TOGETHER SILICON VALLEY

    $20,000

    NON-PROFIT ORGANIZATION ESTABLISHED TO PROVIDE SAFE HOMES AND COMMUNITIES FOR EVERYONE. THROUGH A VAST NETWORK OF VOLUNTEERS, CORPORATE SPONSORS, AND SUB-CONTRACTORS, REBUILDING TOGETHER SILICON VALLEY PROVIDES CRITICAL HOME REPAIRS TO OVER 600 CLIENTS PER YEAR. IN ADDITION, THEY ASSIST NONPROFIT ORGANIZATIONS WITH FACILITY MAINTENANCE AND REPAIRS SO THAT THEY CAN DEDICATE THEIR TIME AND RESOURCES TO HELPING OUR COMMUNITY.

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
24 October 2023
IRS schema version
2022v5.0
Source object
202312999349300146

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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