Nonprofit · EIN 94-1530642
SACRAMENTO CREDIT UNION
Tax-exempt · SACRAMENTO, CA 95814
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $39,334,366 | $29,865,077 | $9,469,289 | $760,065,390 | $649,597,935 | $110,467,455 |
| December 31, 2023 | 990 | $29,216,353 | $22,223,555 | $6,992,798 | $806,115,615 | $704,779,043 | $101,336,572 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $27,790,325
- Investment income
- $11,522,572
- Net rental income
- $21,469
- Net gain from sales of assets
- -$11,687
- Other revenue
- $21,469
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $790,159
- Other salaries and wages
- $7,364,287
- Salaries, compensation and benefits (total)
- $9,971,112
- Professional fundraising fees
- $0
- Legal fees
- $334,520
- Accounting fees
- $167,331
- Occupancy
- $1,048,426
- Travel
- $141,822
- Depreciation
- $741,943
Balance sheet and other
- Total assets, start of year
- $806,115,615
- Total assets, end of year
- $760,065,390
- Total liabilities, end of year
- $649,597,935
- Net assets, end of year
- $110,467,455
- Land, buildings and equipment
- $3,561,906
- Gross unrelated business income
- $4,176,641
- Gross receipts
- $39,690,538
- Employees
- 124
- Volunteers
- 12
- Year formed
- 1935
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TARIK ELDIN | DIRECTOR INVESTMENT SERVICES Highest-paid employee | 40 | $893,635 | $50,554 |
| BHAVNESH MAKIN | PRESIDENT/CHIEF EXECUTIVE OFFICER Officer | 40 | $487,391 | $38,250 |
| MICHAEL HASTINGS | FINANCIAL ADVISOR Highest-paid employee | 40 | $231,936 | $36,006 |
| GLENDA KAISER | CHIEF FINANCIAL OFFICER Officer | 40 | $228,515 | $36,003 |
| JULIE SHEPHERD | VP LENDING Highest-paid employee | 40 | $190,203 | $24,962 |
| KARL GOIN | VP MARKETING Highest-paid employee | 40 | $168,384 | $19,588 |
| ALETHA HICKEY | VP HUMAN RESOURCES Highest-paid employee | 40 | $153,649 | $16,530 |
| ARON BREWER | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LES BROWN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JIM CULLETON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROSS HUGGINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HERMAN LI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUDY MCGARRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIE SOUTHWARD III | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TARIK ELDIN | DIRECTOR INVESTMENT SERVICES Highest-paid employee | 40 | $804,394 | $47,558 |
| BHAVNESH MAKIN | PRESIDENT/CHIEF EXECUTIVE OFFICER Officer | 40 | $450,963 | $36,724 |
| GLENDA KAISER | CHIEF FINANCIAL OFFICER Officer | 40 | $215,133 | $32,875 |
| MICHAEL HASTINGS | FINANCIAL ADVISOR Highest-paid employee | 40 | $199,679 | $32,871 |
| JULIE SHEPHERD | VP LENDING Highest-paid employee | 40 | $169,074 | $21,384 |
| BRIAN COTTON | VP DIGITAL BANKING & CONTACT CENTER Highest-paid employee | 40 | $128,610 | $33,370 |
| ALETHA HICKEY | VP HUMAN RESOURCES Highest-paid employee | 40 | $143,144 | $16,075 |
| ARON BREWER | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LES BROWN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARY ANN CARRASCO | FORMER DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM CULLETON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRISTIN VAN GAASBECK | FORMER DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROSS HUGGINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HERMAN LI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUDY MCGARRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIE SOUTHWARD III | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 800 H ST STE 204, SACRAMENTO, CA 95814-2607
- In care of
- % ACCOUNTING DEPT
- Principal officer (990 for 2024)
- BHAVNESH MAKIN, PO BOX 2351, SACRAMENTO, CA 958122351
- Signed the 990
- GLENDA KAISER, CFO
- Phone
- (916) 444-6070
- Website
- WWW.SACTOCU.ORG
- Return prepared by
- RSM US LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-1530642 or by the name SACRAMENTO CREDIT UNION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
SACRAMENTO CREDIT UNION'S MISSION IS TO PROVIDE PROMPT, COMPETITIVE, QUALITY CONSUMER FINANCIAL SERVICES TO OUR MEMBERS IN A FRIENDLY, PROFESSIONAL, AND PRUDENT MANNER.
Program accomplishments
- ESTABLISHED MARCH 18, 1935, SACRAMENTO CREDIT UNION (THE CREDIT UNION) IS INCORPORATED UNDER SECTION 14100 OF THE CREDIT UNION DIVISION OF THE STATE OF CALIFORNIA DEPARTMENT OF BUSINESS OVERSIGHT. THE CREDIT UNION IS A FEDERALLY INSURED COMMUNITY CREDIT UNION SERVING 28,838 MEMBERS ACROSS THE FOLLOWING COUNTIES: SACRAMENTO, EL DORADO, PLACER, SOLANO, SUTTER, YOLO, AND YUBA. COMPOSED OF INDIVIDUALS, CORPORATIONS, PARTNERSHIPS, AND OTHER LEGAL ENTITIES, THE CREDIT UNION MAINTAINS THE STANDARDS OF A TRADITIONAL MEMBER-OWNED COOPERATIVE WHILE PROVIDING SUPERIOR FINANCIAL SERVICES AT SEVEN LOCATIONS AS WELL AS CONVENIENT PAYMENT OPPORTUNITIES AFFORDED BY ONLINE BANKING, BILL PAY, MOBILE BANKING, POINT-OF-SALE, AND ATM TRANSACTIONS.
- SACRAMENTO CREDIT UNION (THE CREDIT UNION) OFFERS A WIDE RANGE OF COMPETITIVELY PRICED CONSUMER LOAN PRODUCTS TO HELP MEMBERS WITH FINANCING FOR VEHICLES AND FIRST MORTGAGES. FINANCING IS ALSO AVAILABLE IN THE FORM OF SECURED AND UNSECURED LINES OF CREDIT. REGARDING THE LATTER, THE CREDIT UNION OFFERS VISA PLATINUM CREDIT CARDS BOTH WITH AND WITHOUT THE POPULAR REWARDS FEATURE. THE CREDIT UNION ALSO OFFERS COMMERCIAL REAL ESTATE LOANS AND SBA LOANS.
- SACRAMENTO CREDIT UNION OFFERS A BROAD RANGE OF DEPOSIT PRODUCTS TO ASSIST MEMBERS IN MANAGING CASH FLOW AND SAVING FOR THE FUTURE. INSURED TO AT LEAST $250,000 AND BACKED BY THE FULL FAITH AND CREDIT OF THE FEDERAL GOVERNMENT, SAVINGS OPPORTUNITIES INCLUDE THE FOLLOWING COMPETIVELY PRICED ACCOUNTS: REGULAR, VACATION CLUB, HOLIDAY, IRA, MONEY MARKET, REGULAR AND REWARDS CHECKING, AND CERTIFICATES OF DEPOSIT. SAVINGS IS MADE CONVENIENT VIA DIRECT DEPOSIT OF PAY CHECKS AS WELL AS ANY OTHER RECURRING SOURCE OF CASH INFLOW. THROUGH ONLINE, MOBILE OR TELEPHONE BANKING, MEMBERS CAN EASILY TRANSFER FUNDS BETWEEN SAVINGS ACCOUNTS OR MAKE PAYMENT ON LOANS. ALSO AVAILABLE ARE INVESTMENT SERVICES PROVIDED BY CERTIFIED IN-HOUSE FINANCIAL ADVISORS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 94-1530642
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1961
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61)
- Group exemption
- 1526: CREDIT UNIONS IN THE STATE OF CALIFORNIA
- Assets (IRS master file)
- $760,065,390
- Income (IRS master file)
- $39,690,538
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $39,334,366 | $29,865,077 | $760,065,390 | XML |
| 990 | December 2023 | $29,216,353 | $22,223,555 | $806,115,615 | XML |
| 990 | December 2022 | $23,666,201 | $17,547,846 | $713,970,677 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-1530642).
Questions about SACRAMENTO CREDIT UNION
- What is the EIN of SACRAMENTO CREDIT UNION?
- The employer identification number (EIN) of SACRAMENTO CREDIT UNION is 94-1530642.
- Is SACRAMENTO CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1961.
- Are donations to SACRAMENTO CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SACRAMENTO CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SACRAMENTO CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SACRAMENTO CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SACRAMENTO CREDIT UNION?
- The 990 for the year ended December 31, 2024 names BHAVNESH MAKIN.
- Who are the officers and directors of SACRAMENTO CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 14 people; 7 received compensation from the organization, the highest $893,635 (TARIK ELDIN, DIRECTOR INVESTMENT SERVICES).
- How much revenue does SACRAMENTO CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $39,334,366, expenses of $29,865,077 and total assets of $760,065,390 at year end.
Other nonprofits in SACRAMENTO
- THE GOLDEN 1 CREDIT UNION EIN 94-0362025 · last filed 990 for 2024
- CALHFA HOMEOWNER RELIEF CORPORATION EIN 87-1237752 · last filed 990 for 2022
- SACRAMENTO COUNTY TOBACCO SECURITIZATION CORPORATION EIN 94-3375035 · last filed 990 for 2025
- CALIFORNIANS TO RESTORE LOCAL TAXPA YERS RIGHT TO VOTE ON TAXES EIN 41-2415267 · last filed 990 for 2025
- UBER INNOVATION BALLOT MEASURE COMMITTEE EIN 99-0523046 · last filed 990 for 2024
- CIVICWELL EIN 94-2791699 · last filed 990 for 2024
- SJS PARTNERS INC EIN 37-1907260 · last filed 990 for 2024
- NORTH NATOMAS JIBE WALK BIKE BUS EIN 68-0426325 · last filed 990 for 2024
All nonprofits in SACRAMENTO · California · Public and societal benefit