Form 990 for tax year 2025
Filed by CREDIT UNIONS IN THE STATE OF CALIFORNIA.
Totals
- Total revenue
- $2,571,034
- Total expenses
- $2,268,808
- Contributions and grants received
- $0
- Grants paid
- $1,400
- Program service revenue
- $1,953,741
- Investment income
- $608,168
- Other revenue
- $9,125
- Total assets, end of year
- $50,299,397
- Total liabilities, end of year
- $44,659,367
- Net assets or fund balances, end of year
- $5,640,030
- 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: LOAN SERVICE REVENUE
total $1,760,295 · related or exempt $1,755,988 · unrelated business $4,307
-
2b · Program service revenue: FEE INCOME
total $193,446 · related or exempt $193,446
-
3 · Investment income
total $599,208 · related or exempt $599,208
-
7a · Gross sales of assets other than inventory
other assets $13,500
-
7b · Less cost or other basis and sales expenses
other assets $4,540
-
7c · Gain or loss
other assets $8,960
-
7d · Net gain or loss
total $8,960 · related or exempt $8,960
-
11a · Other revenue: OTHER INCOME
total $9,125 · related or exempt $9,125
-
11e · Other revenue, total
$9,125
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,400
-
5 · Compensation of officers, directors and key employees
total $150,445
-
7 · Other salaries and wages
total $636,886
-
8 · Pension plan contributions
total $11,135
-
9 · Other employee benefits
total $89,757
-
10 · Payroll taxes
total $65,051
-
11c · Fees: accounting
total $44,432
-
11g · Fees: other
total $50,198
-
12 · Advertising and promotion
total $15,017
-
13 · Office expenses
total $154,385
-
14 · Information technology
total $343,311
-
16 · Occupancy
total $187,439
-
17 · Travel
total $37,540
-
20 · Interest
total $256,298
-
22 · Depreciation, depletion and amortization
total $31,155
-
23 · Insurance
total $44,524
-
24a · Other expenses: MISC. OPERATING EXPENSE
total $74,846
-
24b · Other expenses: LOAN SERVICING EXPENSE
total $55,520
-
24c · Other expenses: PROVISION FOR LOAN LOSS
total $9,844
-
24d · Other expenses: OPERATING FEES
total $9,625
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $550,466 · end of year $642,838
-
2 · Savings and temporary cash investments
beginning of year $8,834,874 · end of year $2,810,299
-
9 · Prepaid expenses and deferred charges
beginning of year $86,771 · end of year $125,743
-
10a · Land, buildings and equipment: cost or other basis
$1,181,257
-
10b · Land, buildings and equipment: accumulated depreciation
$1,005,596
-
10c · Land, buildings and equipment, net
beginning of year $110,697 · end of year $175,661
-
13 · Investments: program-related
beginning of year $47,369,515 · end of year $45,986,444
-
15 · Other assets
beginning of year $319,461 · end of year $558,412
-
17 · Accounts payable and accrued expenses
beginning of year $211,141 · end of year $457,349
-
25 · Other liabilities
beginning of year $51,722,839 · end of year $44,202,018
-
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 $5,337,804 · end of year $5,640,030
Mission and programs · 2025
Mission
A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT ANDSAVINGS 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, SILVERADO CREDIT UNION CONDUCTSITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITSMEMBERS 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
-
ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH A BROAD ARRAY OF DEPOSIT PRODUCT OFFERINGS, INCLUDING SAVINGS ACCOUNTS, CHECKING ACCOUNTS, A HIGH-YIELD CHECKING ACCOUNT PRODUCT, A PREMIUM-RATE MONEY MARKET SAVINGS PRODUCT, AND CERTIFICATE SAVINGS ACCOUNTS.
-
ACHIEVED SATISFACTORY RESULTS IN PROVIDING OUR MEMBERS WITH A BROAD ARRAY OF CONSUMER LOAN PRODUCT OFFERINGS, INCLUDING VEHICLE LOANS, RECREATIONAL VEHICLES, UNSECURED PERSONAL LINES OF CREDIT, VISA CARDS AND PLEDGE SHARE LOANS.
-
ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH MORTGAGE LOANS, INCLUDING FIRST TRUST DEEDS, SECOND TRUST DEEDS AND HOME EQUITY LINES OF CREDIT.
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael GrimesMICHAEL GRIMES
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Jeff VenessJEFF VENESS
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Julie LeeJULIE LEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Curtis ChurchCURTIS CHURCH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gary GalushaGARY GALUSHA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
James KendrickJAMES KENDRICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Amanda GranadosAMANDA GRANADOS
SUPV CMTE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Mark PaciniMARK PACINI
SUPV CMTE MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Raj DharamajRAJ DHARAMAJ
SUPV CMTE MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Daniel MadridDANIEL MADRID
PRESIDENT TREASURER
- Total calculated
- $156,445
- From this org
- $150,445
- From related orgs
- $0
- Other
- $6,000
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $149,596
- Bonus
- $849
- Other
- $0
- Deferred
- $6,000
- Nontaxable benefits
- $0
- Filer's total
- $156,445
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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 1 September 2026
- IRS schema version
- 2025v4.2
- Source object
- 202632459349301588
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