Nonprofit · EIN 95-1790568
CREDIT UNIONS IN THE STATE OF CALIFORNIA
Also known as VENTURA COUNTY CREDIT UNION
Tax-exempt · VENTURA, CA 93001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $77,851,564 | $66,075,489 | $11,776,075 | $1,418,680,359 | $1,299,734,361 | $118,945,998 |
| December 31, 2023 | 990 | $66,662,060 | $53,265,164 | $13,396,896 | $1,354,835,838 | $1,250,695,352 | $104,140,486 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $62,097,996
- Investment income
- $15,753,568
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $269,247
- Compensation of officers, directors and key employees
- $4,915,042
- Other salaries and wages
- $10,882,450
- Salaries, compensation and benefits (total)
- $20,127,412
- Professional fundraising fees
- $0
- Legal fees
- $184,494
- Accounting fees
- $353,474
- Occupancy
- $2,020,703
- Travel
- $255,088
- Depreciation
- $2,221,802
Balance sheet and other
- Total assets, start of year
- $1,354,835,838
- Total assets, end of year
- $1,418,680,359
- Total liabilities, end of year
- $1,299,734,361
- Net assets, end of year
- $118,945,998
- Land, buildings and equipment
- $29,499,181
- Publicly traded securities
- $222,236,473
- Gross unrelated business income
- $164,302
- Gross receipts
- $77,851,564
- Employees
- 245
- Volunteers
- 14
- Year formed
- 1950
- 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 |
|---|---|---|---|---|
| LINDA ROSSI | PRESIDENT/CEO Officer | 40 | $808,640 | $607,083 |
| DAVID KANONGATAA | FINANCIAL ADVISOR Highest-paid employee | 40 | $576,448 | $52,466 |
| LINDA SIM | CFO Officer | 40 | $492,300 | $56,854 |
| GAVIN BRADLEY | COO Officer | 40 | $491,386 | $55,496 |
| CHAD RITCHIE | CIO Officer | 40 | $394,345 | $56,080 |
| GINA O'CALLAGHAN | FINANCIAL ADVISOR Highest-paid employee | 40 | $393,891 | $16,505 |
| BEVERLY ARMENDARIZ | VP, HUMAN RESOURCES Key employee | 40 | $299,873 | $44,213 |
| EDMOND SAHAKIAN | CLO Officer | 40 | $287,888 | $46,449 |
| APRIL REMNANT | VP, DELIVERY SYSTEMS Key employee | 40 | $256,033 | $37,329 |
| CHRISTINA ESTES | VP, MARKETING Key employee | 40 | $251,178 | $35,882 |
| ANSON MAR | AVP BUSINESS SERVICES Highest-paid employee | 40 | $240,116 | $38,885 |
| SEAN MCCULLOCH | AVP COMMERCIAL LENDING Highest-paid employee | 40 | $205,290 | $39,590 |
| RODOLFO GUEVARA TORRES | AVP MORTGAGE OPERATIONS Highest-paid employee | 40 | $217,654 | $26,218 |
| MARGO BYRNE | CHAIRPERSON Trustee or director | 4 | $0 | $0 |
| ROXANNE OSTREM | VICE CHAIRPERSON Trustee or director | 2 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CORY MADDEN | TREASURER Trustee or director | 4 | $0 |
| SELFA SAUCEDO | SECRETARY Trustee or director | 4 | $0 |
| SUE TATANGELO | BOARD MEMBER Trustee or director | 4 | $0 |
| ERIC BULTER | BOARD MEMBER Trustee or director | 4 | $0 |
| JIM SALAS | BOARD MEMBER Trustee or director | 4 | $0 |
| MARK TRIBBITT | BOARD MEMBER Trustee or director | 5 | $0 |
| HEATHER SUMAGAYSAY | BOARD MEMBER Trustee or director | 5 | $0 |
| CHUNG CAM | SUPV CMTE CHAIR Trustee or director | 2 | $0 |
| BRENDA ALLISON | SUPV CMTE MEMBER Trustee or director | 3 | $0 |
| KENNETH KAGAN | SUPV CMTE MEMBER Trustee or director | 3 | $0 |
| SCOTT KOPALD | SUPV CMTE MEMBER Trustee or director | 1 | $0 |
| JOHN TROXEL | SUPV CMTE MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LINDA ROSSI | PRESIDENT/CEO Officer | 40 | $730,200 | $559,234 |
| LINDA SIM | CFO Officer | 40 | $425,183 | $54,288 |
| GAVIN BRADLEY | COO Officer | 40 | $398,948 | $53,481 |
| DAVID KANONGATAA | FINANCIAL ADVISOR Highest-paid employee | 40 | $378,571 | $51,241 |
| CHAD RITCHIE | CIO Officer | 40 | $364,847 | $47,145 |
| GINA O'CALLAGHAN | FINANCIAL ADVISOR Highest-paid employee | 40 | $353,428 | $16,712 |
| EDMOND SAHAKIAN | CLO Officer | 40 | $269,378 | $42,446 |
| APRIL REMNANT | VP, DELIVERY SYSTEMS Key employee | 40 | $234,845 | $44,973 |
| BEVERLY ARMENDARIZ | VP, HUMAN RESOURCES Key employee | 40 | $231,701 | $41,889 |
| RODOLFO GUEVARA TORRES | AVP BUSINESS SERVICES Highest-paid employee | 40 | $235,708 | $26,838 |
| CHRISTINA ESTES | VP, MARKETING Key employee | 40 | $228,082 | $33,375 |
| SEAN MCCULLOCH | AVP COMMERCIAL LENDING Highest-paid employee | 40 | $227,007 | $16,599 |
| JOHN COOKE | VP, LENDING Key employee | 40 | $197,176 | $42,814 |
| DIANNE CLAPP | VP, RISK MANAGEMENT Key employee | 40 | $185,416 | $20,105 |
| REGINA COTTON | AVP MORTGAGE OPERATIONS Highest-paid employee | 40 | $143,398 | $31,344 |
| ROXANNE OSTREM | CHAIRPERSON Trustee or director | 3 | $11,661 | $0 |
| SUE TATANGELO | BOARD MEMBER Trustee or director | 4 | $11,114 | $0 |
| CORY MADDEN | TREASURER Trustee or director | 3 | $6,975 | $0 |
| TRIBBITT MARK | BOARD MEMBER Trustee or director | 1 | $6,248 | $0 |
| SONIA AMEZCUA | BOARD MEMBER Trustee or director | 2 | $5,797 | $0 |
| MARGO BYRNE | VICE CHAIRPERSON Trustee or director | 3 | $5,756 | $0 |
| SELFA SAUCEDO | SECRETARY Trustee or director | 2 | $5,739 | $0 |
| BRENDA ALLISON | SUPV CMTE MEMBER Trustee or director | 2 | $3,086 | $0 |
| CHUNG CAM | SUPV CMTE MEMBER Trustee or director | 1 | $2,604 | $0 |
| KENNETH KAGAN | SUPV CMTE CHAIR Trustee or director | 4 | $0 | $0 |
| SCOTT KOPALD | SUPV CMTE MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2575 VISTA DEL MAR DR STE 100, VENTURA, CA 93001-3956
- In care of
- % CRED
- Principal officer (990 for 2024)
- LINDA ROSSI, 2575 VISTA DEL MAR DRIVE SUITE 100, VENTURA, CA 93001
- Signed the 990
- LINDA SIM, CFO
- Phone
- (805) 477-4024
- Website
- WWW.VCCUONLINE.NET
- Return prepared by
- TURNER WARREN HWANG & CONRAD ACCTCY
California records
California keeps its own records of charities and corporations. Search them by EIN 95-1790568 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
VENTURA COUNTY CREDIT UNION IS 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, VENTURA COUNTY 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 AS PATRONS.
Program accomplishments
- DURING 2024, VENTURA COUNTY CREDIT UNION WAS RECOGNIZED BY THE VC REPORTERS BEST OF READERS' POLL AS THE BEST FINANCIAL INSTITUTION IN VENTURA COUNTY FOR THE FIFTEENTH YEAR IN A ROW. VCCU WAS ALSO SELECTED AS THE RUNNER UP FOR BEST CREDIT UNION BY THE VC STAR.
- VENTURA COUNTY CREDIT UNION CONTINUED ITS EXCEPTIONAL MEMBER EXPERIENCE BY LAUNCHING A NEW ONLINE BANKING PLATFORM, INTRODUCING CREDIT SCORES FOR MEMBERS, LAUNCHING FAST FUNDS (MICRO LOANS FOR MEMBERS) AND REMODELING OUR OXNARD BRANCH.
- VENTURA COUNTY CREDIT UNION WAS AWARDED THE CALIFORNIA CREDIT UNION LEAGUE SOCIAL IMPACT AWARD IN 2024.
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
- 95-1790568
- 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)
- $1,418,680,359
- Income (IRS master file)
- $77,851,564
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $77,851,564 | $66,075,489 | $1,418,680,359 | IRS |
| 990 | December 2023 | $66,662,060 | $53,265,164 | $1,354,835,838 | XML |
| 990 | December 2022 | $50,312,368 | $38,747,720 | $1,285,662,841 | 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 95-1790568).
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 95-1790568.
- 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 LINDA ROSSI.
- Who are the officers and directors of CREDIT UNIONS IN THE STATE OF CALIFORNIA?
- The 990 for the year ended December 31, 2024 lists 27 people; 13 received compensation from the organization, the highest $808,640 (LINDA ROSSI, 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 $77,851,564, expenses of $66,075,489 and total assets of $1,418,680,359 at year end.
Other nonprofits in VENTURA
- COMMUNITY MEMORIAL HEALTH SYSTEM EIN 95-1683892 · last filed 990 for 2024
- CLINICAS DEL CAMINO REAL INC EIN 95-2977147 · last filed 990 for 2025
- THE ARC OF VENTURA COUNTY INC EIN 95-2266987 · last filed 990 for 2025
- LIVINGSTON MEMORIAL VISITING NURSE ASSOCIATION EIN 95-1693538 · last filed 990 for 2025
- TURNING POINT FOUNDATION EIN 77-0213467 · last filed 990 for 2025
- VENTURA BOTANICAL GARDENS INC EIN 20-8416864 · last filed 990 for 2025
- GOLDEN VALLEY CHARTER SCHOOL EIN 68-0468290 · last filed 990 for 2025
- AMERICAN FAMILY SERVICES FOUNDATION EIN 57-0622490 · last filed 990 for 2024