Nonprofit · EIN 95-0952237
CREDIT UNIONS IN THE STATE OF CALIFORNIA
Also known as WATER AND POWER COMMUNITY CREDIT UN
Tax-exempt · LOS ANGELES, CA 90012
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $47,148,530 | $45,891,011 | $1,257,519 | $943,994,213 | $899,504,735 | $44,489,478 |
| December 31, 2023 | 990 | $45,747,261 | $40,260,217 | $5,487,044 | $969,595,009 | $929,605,255 | $39,989,754 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $39,283,182
- Investment income
- $6,040,128
- Other revenue
- $1,825,220
Expenses
- Grants and similar amounts paid
- $27,839
- Compensation of officers, directors and key employees
- $2,658,349
- Other salaries and wages
- $9,929,535
- Salaries, compensation and benefits (total)
- $15,223,355
- Professional fundraising fees
- $0
- Legal fees
- $787,643
- Accounting fees
- $257,256
- Occupancy
- $961,805
- Travel
- $334,211
- Depreciation
- $157,765
Balance sheet and other
- Total assets, start of year
- $969,595,009
- Total assets, end of year
- $943,994,213
- Total liabilities, end of year
- $899,504,735
- Net assets, end of year
- $44,489,478
- Land, buildings and equipment
- $5,716,323
- Gross unrelated business income
- $163,132
- Gross receipts
- $47,148,530
- Employees
- 134
- Volunteers
- 11
- Year formed
- 1936
- 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 |
|---|---|---|---|---|
| MIKE TUFEGDZICH | CEO Officer | 43.7 | $533,057 | $29,319 |
| PATRICE MUSTAFA | COO EVP Officer | 43.37 | $327,268 | $37,791 |
| FELIPE CASTANEDA | CFO Officer | 44.33 | $325,780 | $34,057 |
| DAVID COVELL | CIO Officer | 40 | $235,095 | $43,937 |
| LUIS ROBLES | TREASURER Highest-paid employee | 43.08 | $199,157 | $25,642 |
| KENNETH MICHAEL GROSSMAN | SENIOR MANAGER NETWORK SECURITY Highest-paid employee | 41.23 | $179,222 | $35,273 |
| JESSICA ORTIZ | SENIOR DIRECTOR OF COMPLIANCE Officer | 41.92 | $183,180 | $29,144 |
| CHARLES JEROME WOOLEN FORMER | SENIOR MANAGER PEOPLE OPERATIONS Highest-paid employee | 21.54 | $180,268 | $12,191 |
| BRUCE ALAN WEST FORMER | CPO Officer | 21.67 | $177,560 | $10,447 |
| FADWA KNOX | DIRECTOR LENDING Highest-paid employee | 41.79 | $163,842 | $21,513 |
| ITALO ALVARADO | RE LOAN OFFICER Highest-paid employee | 41.22 | $153,920 | $2,111 |
| NORA YUSA | BOARD CHAIRPERSON Trustee or director | 2 | $0 | $0 |
| VENEST HENRY-EVANS | BOARD 1ST VICE CHAIR Trustee or director | 2 | $0 | $0 |
| BRIAN LAM | BOARD 2ND VICE CHAIR Trustee or director | 2 | $0 | $0 |
| GLADYS BERRY | BOARD SECRETARY Trustee or director | 2 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GERARD WATSON | ASSISTANT SECRETARY Trustee or director | 2 | $0 |
| BELINDA WALKER | BOARD TREASURER Trustee or director | 2 | $0 |
| CYNTHIA MEEKINS | ASSISTANT TREASURER Trustee or director | 2 | $0 |
| THERON RUCKER | SUPV CMTE CHAIRPERSON Trustee or director | 2 | $0 |
| EMMAJACKY MAGARIN | SUPV CMTE VICE CHAIRPERSON Trustee or director | 2 | $0 |
| SALVADOR MANCILLA | SUPV CMTE SECRETARY Trustee or director | 2 | $0 |
| WING WONG | SUPV CMTE MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MIKE TUFEGDZICH | CEO Officer | 40 | $466,275 | $28,291 |
| CELESTE ZIBELLI | VP OF MARKERTING AND FINANCIAL SERVICES Officer | 22 | $365,239 | $14,804 |
| PATRICE MUSTAFA | COO Officer | 42 | $283,239 | $31,064 |
| FELIPE CASTANEDA | CFO Officer | 40 | $274,718 | $30,099 |
| BRUCE ALAN WEST | CPO Officer | 40 | $252,021 | $19,593 |
| DAVID COVELL | VP INFORMATION TECHNOLOGY Officer | 40 | $205,523 | $42,661 |
| LUIS ROBLES | TREASURER Highest-paid employee | 44 | $193,003 | $21,412 |
| KENNETH MICHAEL | SENIOR MANAGER NETWORK SECURITY Highest-paid employee | 40 | $167,542 | $31,064 |
| JESSICA ORTIZ | DIRECTOR OF COMPLIANCE Officer | 42 | $164,749 | $27,798 |
| FADWA KNOX | DIRECTOR LENDING Highest-paid employee | 41 | $156,945 | $19,468 |
| ITALO ALVARADO | RE LOAN OFFICER Highest-paid employee | 52 | $168,371 | $2,414 |
| ERIC GUERRERO | DIRECTOR MARKETING Highest-paid employee | 41 | $145,997 | $11,264 |
| NORA YUSA | BOARD CHAIRPERSON Trustee or director | 3 | $0 | $0 |
| VENEST HENRY-EVANS | BOARD 1ST VICE CHAIR Trustee or director | 3 | $0 | $0 |
| GLADYS BERRY | BOARD SECRETARY Trustee or director | 3 | $0 | $0 |
| GERARD WATSON | ASSISTANT SECRETARY Trustee or director | 3 | $0 | $0 |
| BELINDA WALKER | BOARD TREASURER Trustee or director | 3 | $0 | $0 |
| BRIAN LAM | ASSISTANT TREASURER Trustee or director | 3 | $0 | $0 |
| THERON RUCKER | SUPV CMTE CHAIRPERSON Trustee or director | 3 | $0 | $0 |
| SALVADOR MANCILLA | SUPV CMTE VICE CHAIRPERSON Trustee or director | 3 | $0 | $0 |
| WING WONG | SUPV CMTE MEMBER Trustee or director | 3 | $0 | $0 |
| CYNTHIA MEEKINS | SUPV CMTE MEMBER Trustee or director | 3 | $0 | $0 |
| EMMAJACKY MAGARIN | SUPV CMTE MEMBER Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1053 W SUNSET BLVD, LOS ANGELES, CA 90012-2134
- Principal officer (990 for 2024)
- MIKE TUFEGDZICH, 1053 WEST SUNSET BLVD, LOS ANGELES, CA 90012
- Signed the 990
- FELIPE CASTANEDA, CFO
- Phone
- (213) 580-1706
- Website
- WWW.WPCU.ORG
- Return prepared by
- TURNER WARREN HWANG & CONRAD ACCTCY
California records
California keeps its own records of charities and corporations. Search them by EIN 95-0952237 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
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, WATER & POWER COMMUNITY CREDIT UNION CONDUCTS ITS 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.
Program accomplishments
- THE CREDIT UNION PROVIDED DEPOSIT ACCOUNTS AND LOAN SERVICES TO 44,744 MEMBERS AS OF DECEMBER 31, 2024. IN 2024, 5,011 LOANS WERE MADE TO 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
- 95-0952237
- 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)
- $943,994,213
- Income (IRS master file)
- $47,148,530
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $47,148,530 | $45,891,011 | $943,994,213 | XML |
| 990 | December 2023 | $45,747,261 | $40,260,217 | $969,595,009 | XML |
| 990 | December 2022 | $41,011,764 | $34,627,524 | $929,459,865 | 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 95-0952237).
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 95-0952237.
- 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 MIKE TUFEGDZICH.
- Who are the officers and directors of CREDIT UNIONS IN THE STATE OF CALIFORNIA?
- The 990 for the year ended December 31, 2024 lists 22 people; 11 received compensation from the organization, the highest $533,057 (MIKE TUFEGDZICH, 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 $47,148,530, expenses of $45,891,011 and total assets of $943,994,213 at year end.
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