Totals
- Total revenue
- $22,186,291
- Total expenses
- $15,591,484
- Contributions and grants received
- $0
- Grants paid
- $23,672
- Program service revenue
- $20,838,616
- Investment income
- $1,215,587
- Other revenue
- $132,088
- Total assets, end of year
- $234,609,547
- Total liabilities, end of year
- $201,399,063
- Net assets or fund balances, end of year
- $33,210,484
- 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 $11,835,580 · related or exempt $11,835,580
-
2b · Program service revenue: OTHER OPERATING INCOME
total $5,935,885 · related or exempt $5,935,172 · unrelated business $713
-
2c · Program service revenue: FEE INCOME
total $3,067,151 · related or exempt $3,020,746 · unrelated business $46,405
-
3 · Investment income
total $1,194,940 · related or exempt $1,194,940
-
7a · Gross sales of assets other than inventory
other assets $450,000
-
7b · Less cost or other basis and sales expenses
other assets $429,353
-
7c · Gain or loss
other assets $20,647
-
7d · Net gain or loss
total $20,647 · related or exempt $20,647
-
11a · Other revenue: GAIN ON EQUITY AND TRADING DEBT S
total $132,088 · related or exempt $132,088
-
11e · Other revenue, total
$132,088
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $23,672
-
5 · Compensation of officers, directors and key employees
total $1,030,162
-
7 · Other salaries and wages
total $3,282,519
-
8 · Pension plan contributions
total $409,533
-
9 · Other employee benefits
total $390,014
-
10 · Payroll taxes
total $339,962
-
11b · Fees: legal
total $18,142
-
11c · Fees: accounting
total $73,380
-
11g · Fees: other
total $534,560
-
12 · Advertising and promotion
total $352,514
-
13 · Office expenses
total $1,137,947
-
14 · Information technology
total $1,041,372
-
16 · Occupancy
total $473,037
-
17 · Travel
total $125,471
-
20 · Interest
total $2,805,507
-
22 · Depreciation, depletion and amortization
total $453,399
-
23 · Insurance
total $76,907
-
24a · Other expenses: PROVISION FOR LOAN & LE
total $2,353,466
-
24b · Other expenses: MISCELLANEOUS EXPENSE
total $433,678
-
24c · Other expenses: LOAN SERVICING EXPENSE
total $174,856
-
24d · Other expenses: LOSS ON SALE OF REPOS
total $30,355
-
24e · All other expenses
total $31,031
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,945,218 · end of year $4,944,328
-
2 · Savings and temporary cash investments
beginning of year $24,369,256 · end of year $19,113,603
-
9 · Prepaid expenses and deferred charges
beginning of year $235,183 · end of year $430,927
-
10a · Land, buildings and equipment: cost or other basis
$10,727,500
-
10b · Land, buildings and equipment: accumulated depreciation
$2,994,791
-
10c · Land, buildings and equipment, net
beginning of year $7,629,962 · end of year $7,732,709
-
13 · Investments: program-related
beginning of year $173,383,240 · end of year $191,910,677
-
15 · Other assets
beginning of year $9,704,450 · end of year $10,477,303
-
17 · Accounts payable and accrued expenses
beginning of year $6,182,556 · end of year $2,138,624
-
25 · Other liabilities
beginning of year $186,414,883 · end of year $199,260,439
-
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 $26,669,870 · end of year $33,210,484
Mission and programs · 2025
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 APPROVED 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, CORAZO CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFIT, OR SERVICE OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS.
Activities or mission (Part I)
A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS.
-
THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO MEMBERS INCLUDING ACCESS TO SHARE ACCOUNTS, CERTIFICATES OF DEPOSIT AND RETIREMENT SAVINGS ACCOUNTS, WITH ACTIVE PROMOTION OF ATM/DEBIT CARDS, ELECTRONIC BILL PAY AND HOME BANKING. MEMBERS ALSO HAVE ACCESS TO CONSUMER LOANS INCLUDING VEHICLE LOANS, PERSONAL LINES OF CREDIT AND CREDIT CARDS.
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Alexis AraujoALEXIS ARAUJO
CHAIRPERSON
- Total calculated
- $3,173
- From this org
- $3,173
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.75
-
Carlos FletesCARLOS FLETES
VICE CHAIRPERSON
- Total calculated
- $1,845
- From this org
- $1,845
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.75
-
Kathleen LangKATHLEEN LANG
SECRETARY
- Total calculated
- $2,530
- From this org
- $2,530
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.75
-
Christopher PetreeCHRISTOPHER PETREE
TREASURER
- Total calculated
- $0
- Hours/week
- 0.75
-
Sherry CowieSHERRY COWIE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.75
-
Victor JaimeVICTOR JAIME
BOARD MEMBER
- Total calculated
- $2,245
- From this org
- $2,245
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.75
-
Victor TorresVICTOR TORRES
BOARD MEMBER
- Total calculated
- $3,001
- From this org
- $3,001
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.75
-
Steve EscaleraSTEVE ESCALERA
SUPV CMTE CHAIR
- Total calculated
- $0
- Hours/week
- 0.75
-
Dawn ChunDAWN CHUN
SUPV CMTE MEMBER
- Total calculated
- $0
- Hours/week
- 0.75
-
Elizabeth EspinozaELIZABETH ESPINOZA
SUPV CMTE MEMBER
- Total calculated
- $0
- Hours/week
- 0.75
-
Fidel GonzalezFIDEL GONZALEZ
PRESIDENT/CEO
- Total calculated
- $431,213
- From this org
- $283,843
- From related orgs
- $0
- Other
- $147,370
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $248,774
- Bonus
- $14,545
- Other
- $20,524
- Deferred
- $130,716
- Nontaxable benefits
- $16,654
- Filer's total
- $431,213
-
Cuauhtemoc De La TorreCUAUHTEMOC DE LA TORRE
EVP/CFO
- Total calculated
- $270,208
- From this org
- $230,311
- From related orgs
- $0
- Other
- $39,897
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $213,323
- Bonus
- $12,287
- Other
- $4,701
- Deferred
- $12,709
- Nontaxable benefits
- $27,188
- Filer's total
- $270,208
-
Marlena RenteriaMARLENA RENTERIA
CXO
- Total calculated
- $145,125
- From this org
- $131,899
- From related orgs
- $0
- Other
- $13,226
- Hours/week
- 40
-
Jorge AlcantarJORGE ALCANTAR
COO
- Total calculated
- $62,757
- From this org
- $62,757
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Evangelina LoyaEVANGELINA LOYA
HR/COMPLIANCE MANAGER
- Total calculated
- $138,265
- From this org
- $105,549
- From related orgs
- $0
- Other
- $32,716
- Hours/week
- 40
-
Francisco OrnelasFRANCISCO ORNELAS
LOAN SERVICING MANAGER
- Total calculated
- $145,187
- From this org
- $102,008
- From related orgs
- $0
- Other
- $43,179
- Hours/week
- 40
-
Veronica YeeVERONICA YEE
ACCOUNTING MANAGER
- Total calculated
- $113,663
- From this org
- $101,001
- From related orgs
- $0
- Other
- $12,662
- 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. 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
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 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
- EFFECTIVE APRIL 1, 2018, THE CREDIT UNION ESTABLISHED A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR A MEMBER OF SENIOR MANAGEMENT UNDER IRC SECTION 457(F). THE CREDIT UNION ACCRUES FOR THE PLAN EACH YEAR UNTIL THE TARGET BENEFIT AMOUNT AND TARGET BENEFIT DATE ARE REACHED.
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
-
STATE OF CALIFORNIA 45TH DISTRICT AGRICULTURAL ASSOCIATION
$7,200
TO SUPPORT THE 45TH DISTRICT AGRICULTURAL ASSOCIATION WITH ITS ACTIVITIES FOR "THE CALIFORNIA MIDWINTER FAIR AND FIESTA".
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 15 July 2026
- IRS schema version
- 2025v4.2
- Source object
- 202601989349301045
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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