Nonprofit · EIN 94-6087440
CREDIT UNIONS IN THE STATE OF CALIFORNIA
Also known as COMMONWEALTH CENTRAL CREDIT UNION
Tax-exempt · SAN JOSE, CA 95164
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $33,422,489 | $25,950,221 | $7,472,268 | $614,517,951 | $534,544,886 | $79,973,065 |
| December 31, 2023 | 990 | $34,445,169 | $23,841,777 | $10,603,392 | $631,464,188 | $559,193,467 | $72,270,721 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $29,666,623
- Investment income
- $3,755,866
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $10,000
- Benefits paid to members
- $2,872,614
- Compensation of officers, directors and key employees
- $2,176,094
- Other salaries and wages
- $7,737,815
- Salaries, compensation and benefits (total)
- $11,915,296
- Professional fundraising fees
- $0
- Legal fees
- $74,089
- Accounting fees
- $44,549
- Occupancy
- $1,007,604
- Travel
- $97,497
- Depreciation
- $1,146,937
Balance sheet and other
- Total assets, start of year
- $631,464,188
- Total assets, end of year
- $614,517,951
- Total liabilities, end of year
- $534,544,886
- Net assets, end of year
- $79,973,065
- Land, buildings and equipment
- $12,619,459
- Publicly traded securities
- $9,070,389
- Gross unrelated business income
- $69,529
- Gross receipts
- $33,422,489
- Employees
- 107
- Volunteers
- 10
- Year formed
- 1958
- 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 |
|---|---|---|---|---|
| VIKTORIA EARLE | PRESIDENT/CEO Officer | 40 | $583,724 | $49,211 |
| LISA BROWN | CHIEF STRATEGY AND PEOPLE Key employee | 40 | $316,234 | $18,702 |
| KIMBERLY OBLAK | CHIEF EXPERIENCE OFFICER Key employee | 40 | $276,238 | $33,345 |
| VAL OVROOTSKY | CHIEF INFORMATION OFFICER Key employee | 40 | $268,601 | $28,138 |
| DAVID LOFTUS | CHIEF FINANCIAL OFFICER Officer | 40 | $276,585 | $13,650 |
| JENNIFER D'AMICO | CHIEF MARKETING OFFICER Key employee | 40 | $235,647 | $37,183 |
| SYLVIA GRANGER | VP, RETAIL SERVICES Highest-paid employee | 40 | $243,441 | $24,890 |
| AMY CIMORELLI | AVP, HUMAN RESORCES Highest-paid employee | 40 | $178,939 | $23,081 |
| SIRISAK UMPAWA | DIRECTOR OF INFORMATION TE Highest-paid employee | 40 | $151,731 | $27,587 |
| SANDRA EDUSADA | CALL CENTER MANAGER Highest-paid employee | 40 | $134,816 | $16,808 |
| NORMAN SALOM | ACCOUNTING MANAGER Highest-paid employee | 40 | $140,252 | $8,933 |
| ALBERT BALAGSO | VICE CHAIRMAN Trustee or director, Officer | 1 | $12,078 | $0 |
| JAMES CRAWFORD | TREASURER Trustee or director, Officer | 1 | $10,892 | $0 |
| ANNE LE | DIRECTOR Trustee or director | 1 | $4,494 | $0 |
| LILY LIM-TSAO | SECRETARY Trustee or director, Officer | 1 | $4,463 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY CHAMBERS | CHAIRMAN Trustee or director, Officer | 1 | $4,280 |
| BARRY SCHIMMEL | DIRECTOR Trustee or director | 1 | $1,493 |
| MEENAKSHI MEYYAPPAN | DIRECTOR Trustee or director | 1 | $1,136 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VIKTORIA EARLE | PRESIDENT/CEO Officer | 40 | $496,340 | $44,869 |
| LISA BROWN | CHIEF STRATEGY AND PEOPLE OFFICER Officer | 40 | $301,883 | $14,602 |
| VAL OVROOTSKY | CHIEF INFORMATION OFFICER Officer | 40 | $252,721 | $23,835 |
| JENNIFER D'AMICO | CHIEF MARKETING OFFICER Officer | 40 | $233,566 | $33,398 |
| SYLVIA GRANGER | VP, RETAIL SERVICES Key employee | 40 | $233,910 | $23,446 |
| DAVID LOFTUS | CHIEF FINANCIAL OFFICER Officer | 40 | $241,145 | $10,590 |
| SUNDEEP JAIN | CHIEF LENDING OFFICER Officer | 40 | $226,714 | $13,160 |
| AMY CIMORELLI | AVP, HUMAN RESORCES Highest-paid employee | 40 | $170,637 | $20,010 |
| NOEL SHANKER | DIGITAL SERVICES MANAGER Highest-paid employee | 40 | $134,574 | $26,711 |
| EILISH PERRY | DIRECTOR OF COMPLIANCE Highest-paid employee | 40 | $141,384 | $19,554 |
| MANUEL CARINO | AVP, INFORMATION SYSTEMS & SECURITY Highest-paid employee | 40 | $141,157 | $19,690 |
| SIRISAK UMPAWA | DIRECTOR OF INFORMATION TECHNOLOGY Highest-paid employee | 40 | $133,577 | $26,745 |
| ALBERT BALAGSO | TREASURER Trustee or director, Officer | 1 | $10,885 | $0 |
| JAMES CRAWFORD | CHAIRMAN Trustee or director, Officer | 1 | $10,023 | $0 |
| LARRY CHAMBERS | VICE-CHAIR Trustee or director, Officer | 1 | $3,711 | $0 |
| ANNE LE | SECRETARY Trustee or director, Officer | 1 | $3,142 | $0 |
| MICHAEL F FILICE JR | DIRECTOR (THRU 4/20/23) Trustee or director | 1 | $2,117 | $0 |
| LILY LIM-TSAO | DIRECTOR Trustee or director | 1 | $2,005 | $0 |
| BARRY SCHIMMEL | DIRECTOR Trustee or director | 1 | $780 | $0 |
| MEENA MEYYAPPAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 641690, SAN JOSE, CA 95164-1690
- Principal officer (990 for 2024)
- VIKTORIA EARLE, 5890 SILVER CREEK VALLEY RD, SAN JOSE, CA 95138
- Signed the 990
- VIKTORIA EARLE, PRESIDENT/CEO
- Phone
- (408) 531-3100
- Website
- WWW.WEALTHCU.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-6087440 or by the name CREDIT UNIONS IN THE STATE OF CALIFORNIA.
- 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
TO HELP OUR MEMBERS IMPROVE THEIR FINANCIAL WELL-BEING THROUGH SAVING AND CREATING A SOURCE OF CREDIT FOR MEMBERS.
Program accomplishments
- THE CREDIT UNION PROVIDES CONSUMER LOANS, SHARE AND SHARE DRAFT ACCOUNTS, SHARE CERTIFICATES AND OTHER EXEMPT FUNCTION ACTIVITIES TO ITS MEMBERS.
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
- 94-6087440
- 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
- Group exemption
- 1526: CREDIT UNIONS IN THE STATE OF CALIFORNIA
- Assets (IRS master file)
- $614,517,951
- Income (IRS master file)
- $33,422,489
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $33,422,489 | $25,950,221 | $614,517,951 | XML |
| 990 | December 2023 | $34,445,169 | $23,841,777 | $631,464,188 | XML |
| 990 | December 2022 | $26,354,115 | $21,401,805 | $672,566,612 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 94-6087440).
Questions about CREDIT UNIONS IN THE STATE OF CALIFORNIA
- What is the EIN of CREDIT UNIONS IN THE STATE OF CALIFORNIA?
- The employer identification number (EIN) of CREDIT UNIONS IN THE STATE OF CALIFORNIA is 94-6087440.
- Is CREDIT UNIONS IN THE STATE OF CALIFORNIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1961.
- Are donations to CREDIT UNIONS IN THE STATE OF CALIFORNIA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CREDIT UNIONS IN THE STATE OF CALIFORNIA 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 CREDIT UNIONS IN THE STATE OF CALIFORNIA 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 CREDIT UNIONS IN THE STATE OF CALIFORNIA 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 CREDIT UNIONS IN THE STATE OF CALIFORNIA?
- The 990 for the year ended December 31, 2024 names VIKTORIA EARLE.
- Who are the officers and directors of CREDIT UNIONS IN THE STATE OF CALIFORNIA?
- The 990 for the year ended December 31, 2024 lists 18 people; 18 received compensation from the organization, the highest $583,724 (VIKTORIA EARLE, PRESIDENT/CEO).
- How much revenue does CREDIT UNIONS IN THE STATE OF CALIFORNIA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $33,422,489, expenses of $25,950,221 and total assets of $614,517,951 at year end.
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