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← CREDIT UNIONS IN THE STATE OF CALIFORNIA

Form 990 for tax year 2024

Filed by CREDIT UNIONS IN THE STATE OF CALIFORNIA.

Totals

Total revenue
$409,807,996
Total expenses
$376,148,161
Contributions and grants received
$0
Grants paid
$963,100
Program service revenue
$286,719,560
Investment income
$72,285,036
Other revenue
$50,803,400
Total assets, end of year
$9,454,397,611
Total liabilities, end of year
$8,320,225,929
Net assets or fund balances, end of year
$1,134,171,682
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 $274,431,245 · related or exempt $274,431,245

  • 2b · Program service revenue: OTHER OPERATING INCOME

    total $10,358,425 · related or exempt $10,358,425

  • 2c · Program service revenue: FEE INCOME

    total $1,929,890 · related or exempt $1,865,275 · unrelated business $64,615

  • 3 · Investment income

    total $72,285,036 · related or exempt $72,285,036

  • 11a · Other revenue: GAIN IN CHANGE IN VALU

    total $50,803,400 · related or exempt $50,803,400

  • 11e · Other revenue, total

    $50,803,400

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $913,100

  • 2 · Grants to domestic individuals

    total $50,000

  • 5 · Compensation of officers, directors and key employees

    total $8,777,719

  • 7 · Other salaries and wages

    total $25,176,900

  • 8 · Pension plan contributions

    total $8,994,850

  • 9 · Other employee benefits

    total $9,889,846

  • 10 · Payroll taxes

    total $2,388,792

  • 11b · Fees: legal

    total $113,562

  • 11c · Fees: accounting

    total $907,958

  • 11f · Fees: investment management

    total $115,661

  • 11g · Fees: other

    total $5,571,588

  • 12 · Advertising and promotion

    total $4,986,485

  • 13 · Office expenses

    total $7,945,017

  • 14 · Information technology

    total $899,027

  • 16 · Occupancy

    total $2,794,932

  • 17 · Travel

    total $932,999

  • 20 · Interest

    total $273,048,569

  • 22 · Depreciation, depletion and amortization

    total $1,729,947

  • 23 · Insurance

    total $477,994

  • 24a · Other expenses: LOAN SERVICING EXPENSE

    total $9,763,464

  • 24b · Other expenses: MISC OPERATING EXPENSE

    total $6,596,087

  • 24c · Other expenses: CREDIT LOSS EXPENSE

    total $2,949,120

  • 24d · Other expenses: OPERATING FEES

    total $655,391

  • 24e · All other expenses

    total $469,153

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,357,816 · end of year $11,947,248

  • 2 · Savings and temporary cash investments

    beginning of year $154,188,566 · end of year $490,559,618

  • 5 · Loans and receivables from officers and key people

    beginning of year $6,800,305 · end of year $7,893,898

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,293,130 · end of year $3,241,923

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

    $47,230,869

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

    $33,846,118

  • 10c · Land, buildings and equipment, net

    beginning of year $13,478,386 · end of year $13,384,751

  • 11 · Investments: publicly traded securities

    beginning of year $3,549,166,902 · end of year $2,389,284,604

  • 13 · Investments: program-related

    beginning of year $5,849,705,935 · end of year $6,141,657,013

  • 15 · Other assets

    beginning of year $306,283,063 · end of year $396,428,556

  • 17 · Accounts payable and accrued expenses

    beginning of year $74,177,694 · end of year $77,673,791

  • 25 · Other liabilities

    beginning of year $8,795,538,962 · end of year $8,242,552,138

  • 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 $1,027,557,447 · end of year $1,134,171,682

Mission and programs · 2024

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 129,085 MEMBERS WITH SAVINGS AND LOAN ACCOUNTS.

  • STAR ONE CREDIT UNION PROVIDED 8,253 LOANS TOTALING $1,394,090,749 IN 2024.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Melissa Henck

    CHAIR

    Total calculated
    $6,208
    From this org
    $6,208
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jeff Gaut

    1ST VICE CHAIR & TREASURER

    Total calculated
    $701
    From this org
    $701
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Richard Aochi

    2ND VICE CHAIR & ASSISTANT

    Total calculated
    $1,868
    From this org
    $1,868
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Christina Goeas

    ASSISTANT TREASURER

    Total calculated
    $1,554
    From this org
    $1,554
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Triny Lee

    SECRETARY

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

  • David Daggett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Barnhart

    DIRECTOR

    Total calculated
    $1,034
    From this org
    $1,034
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Patricia Humecke

    DIRECTOR

    Total calculated
    $2,267
    From this org
    $2,267
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Cyrus Tabari

    DIRECTOR

    Total calculated
    $2,356
    From this org
    $2,356
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Brian Lawler

    SUPERVISORY COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Madelaine Kolda

    SUPERVISORY COMMITTEE

    Total calculated
    $2,055
    From this org
    $2,055
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ponprom Flynn

    SUPERVISORY COMMITTEE

    Total calculated
    $1,433
    From this org
    $1,433
    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
    $4,079
    From this org
    $4,079
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Gary Rodrigues

    PRESIDENT/CEO

    Total calculated
    $2,891,776
    From this org
    $1,968,703
    From related orgs
    $0
    Other
    $923,073
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,074,839
    Bonus
    $865,142
    Other
    $28,722
    Deferred
    $876,028
    Nontaxable benefits
    $47,045
    Filer's total
    $2,891,776

  • M Mucker

    EXECUTIVE VP - OPS

    Total calculated
    $1,547,442
    From this org
    $1,528,384
    From related orgs
    $0
    Other
    $19,058
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,180
    Bonus
    $310,949
    Other
    $1,072,255
    Deferred
    $13,139
    Nontaxable benefits
    $5,919
    Filer's total
    $1,547,442

  • B Ross

    EXECUTIVE VP - FINANCE & A

    Total calculated
    $1,653,632
    From this org
    $1,016,494
    From related orgs
    $0
    Other
    $637,138
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $519,903
    Bonus
    $233,027
    Other
    $263,564
    Deferred
    $588,366
    Nontaxable benefits
    $48,772
    Filer's total
    $1,653,632

  • M Gupta

    EXECUTIVE VP - OPERATIONS

    Total calculated
    $2,424,023
    From this org
    $882,236
    From related orgs
    $0
    Other
    $1,541,787
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $472,701
    Bonus
    $199,200
    Other
    $210,335
    Deferred
    $1,496,743
    Nontaxable benefits
    $45,044
    Filer's total
    $2,424,023

  • V Brosas

    VP - DEPOSIT SERVICES

    Total calculated
    $1,732,071
    From this org
    $705,490
    From related orgs
    $0
    Other
    $1,026,581
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $353,947
    Bonus
    $144,219
    Other
    $207,324
    Deferred
    $993,572
    Nontaxable benefits
    $33,009
    Filer's total
    $1,732,071

  • V Tabler

    VP - REAL ESTATE LENDING

    Total calculated
    $1,517,523
    From this org
    $620,360
    From related orgs
    $0
    Other
    $897,163
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $435,620
    Bonus
    $183,084
    Other
    $1,656
    Deferred
    $860,210
    Nontaxable benefits
    $36,953
    Filer's total
    $1,517,523

  • S Naylor

    VP - INFORMATION SYSTEMS

    Total calculated
    $1,528,921
    From this org
    $545,016
    From related orgs
    $0
    Other
    $983,905
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $381,004
    Bonus
    $162,932
    Other
    $1,080
    Deferred
    $950,152
    Nontaxable benefits
    $33,753
    Filer's total
    $1,528,921

  • S Panicker

    VP - TREASURY

    Total calculated
    $1,372,461
    From this org
    $535,684
    From related orgs
    $0
    Other
    $836,777
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $369,772
    Bonus
    $158,468
    Other
    $7,444
    Deferred
    $797,451
    Nontaxable benefits
    $39,326
    Filer's total
    $1,372,461

  • R Rutledge

    VP - HUMAN RESOURCES

    Total calculated
    $538,595
    From this org
    $480,917
    From related orgs
    $0
    Other
    $57,678
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $336,249
    Bonus
    $138,991
    Other
    $5,677
    Deferred
    $39,216
    Nontaxable benefits
    $18,462
    Filer's total
    $538,595

  • H Ornelas

    VP - CONSUMER LENDING

    Total calculated
    $540,347
    From this org
    $469,561
    From related orgs
    $0
    Other
    $70,786
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $327,947
    Bonus
    $138,518
    Other
    $3,096
    Deferred
    $37,033
    Nontaxable benefits
    $33,753
    Filer's total
    $540,347

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, SAFAL PANICKER, MINAL GUPTA, VANESSA BROSAS, ALEX KIM, VICTORIA TABLER, STEVE NAYLOR AND RYAN BARRINGER.

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

    $50,000

    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.

  • CANCER CAREPOINT INC

    $35,000

    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.

  • FAMILY GIVING TREE

    $25,000

    NON-PROFIT ORGANIZATION THAT HELPS TO FULFILL THE WISHES OF CHILDREN IN NEED WHILE INSPIRING PHILANTHROPY, KINDNESS, AND VOLUNTEERISM. THE FAMILY GIVING TREE PROGRAM WORKS WITH MORE THAN 300 BAY AREA SOCIAL SERVICES AGENCIES.

  • LUCILLE PACKARD CHILDREN'S FOUNDATION

    $25,000

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

  • MARTHA'S KITCHEN

    $25,000

    NON-PROFIT ORGANIZATION THAT PROVIDES OVER 200,000 MEALS EACH MONTH. THEY BELIEVE THAT FOOD IS A BASIC HUMAN RIGHT NOT A LUXURY. IT IS VITAL THAT THESE COMMUNITIES HAVE ACCESS TO WELL BALANCED MEALS,WHICH INCLUDE PROPER PROTEINS, VEGETABLES AND CARBOHYDRATES.

  • 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 THE PREVENTS LARGER PROBLEMS WITH MORE EXPENSIVE SOLUTIONS.

  • THE ALZHEIMER'S ASSOCIATION

    $25,000

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

  • ANIMAL ASSISTED HAPPINESS

    $16,000

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

  • CANINE COMPANIONS FOR INDEPENDENCE INC

    $15,000

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

  • GEORGE MARK CHILDREN'S FUND

    $15,000

    GEORGE MARK CHILDREN'S HOUSE ARE INNOVATIVE LEADERS IN RELIEVING PAIN AND STRESS OF ILLNESS,REGARDLESS OF PROGNOSIS OF CHILDREN. IT IS THE FIRST FREESTANDING PEDIATRIC PALLIATIVE CARE CENTER IN THE US.

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

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202503179349305775

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

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