Nonprofit · EIN 95-1914215
CREDIT UNIONS IN THE STATE OF CALIFORNIA
Also known as SOUTH BAY CREDIT UNION
Tax-exempt · REDONDO BEACH, CA 90277
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,860,464 | $9,739,444 | -$878,980 | $158,035,979 | $144,711,393 | $13,324,586 |
| December 31, 2023 | 990 | $8,170,718 | $7,829,413 | $341,305 | $156,698,184 | $143,023,343 | $13,674,841 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $8,418,215
- Investment income
- $442,249
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $9,000
- Compensation of officers, directors and key employees
- $989,297
- Other salaries and wages
- $1,381,309
- Salaries, compensation and benefits (total)
- $2,870,293
- Professional fundraising fees
- $0
- Legal fees
- $8,244
- Accounting fees
- $124,556
- Occupancy
- $174,346
- Travel
- $188,241
- Depreciation
- $240,304
Balance sheet and other
- Total assets, start of year
- $156,698,184
- Total assets, end of year
- $158,035,979
- Total liabilities, end of year
- $144,711,393
- Net assets, end of year
- $13,324,586
- Land, buildings and equipment
- $5,659,929
- Gross unrelated business income
- $14,531
- Gross receipts
- $8,860,464
- Employees
- 25
- Volunteers
- 12
- Year formed
- 1953
- 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 |
|---|---|---|---|---|
| PARIS CHEVALIER | PRESIDENT/CEO Officer | 40 | $253,311 | $4,835 |
| FRANK ESPINOZA | CHIEF RISK OFFICER Officer | 40 | $213,757 | $16,614 |
| DON STEINMAN | CFO Officer | 40 | $174,137 | $11,550 |
| BERNICE WHITE | CLO Officer | 40 | $133,528 | $25,318 |
| GLADYS GALLEGOS | DIRECTOR OF OPS Highest-paid employee | 40 | $110,503 | $14,898 |
| SANDY DUARTE | RISK OFFICER Highest-paid employee | 40 | $104,061 | $7,253 |
| CHRIS OTEY | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| STEPHANIE ERTMAN | VICE-CHAIRMAN Trustee or director | 1 | $0 | $0 |
| NICOLE WESLEY | SECRETARY Trustee or director | 1 | $0 | $0 |
| VIKI COPELAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNIE FLIPPO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHUCK GARLAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM LIGHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN LUNDIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TAREK SHAER | DIRECTOR Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAN INSKEEP | SPV CMTE CHAIRMAN Trustee or director | 1 | $0 |
| ANGELIA PARRISH | SPV CMTE MEMBER Trustee or director | 1 | $0 |
| RENEE MICHEL | SPV CMTE MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PARIS CHEVALIER | PRESIDENT/CEO Officer | 40 | $249,484 | $16,002 |
| FRANK ESPINOZA | CHIEF RISK OFFICER Officer | 40 | $185,052 | $12,436 |
| DON STEINMAN | CFO Officer | 40 | $160,200 | $11,450 |
| BERNICE WHITE | CLO Officer | 40 | $133,246 | $20,737 |
| GLADYS GALLEGOS | DIRECTOR OF OPS Highest-paid employee | 40 | $105,349 | $9,001 |
| SANDY DUARTE | RISK OFFICER Highest-paid employee | 40 | $103,262 | $6,825 |
| CHRIS OTEY | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| CHUCK GARLAND | VICE-CHAIRMAN Trustee or director | 1 | $0 | $0 |
| STEPHANIE ERTMAN | SECRETARY Trustee or director | 1 | $0 | $0 |
| ANNIE FLIPPO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VIKI COPELAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM LIGHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TAREK SHAER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN LUNDIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICOLE WESLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN INSKEEP | SPV CMTE CHAIRMAN Trustee or director | 1 | $0 | $0 |
| PERRY LYNN | SPV CMTE MEMBER Trustee or director | 1 | $0 | $0 |
| ANGELIA PARRISH | SPV CMTE MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 312 N PACIFIC COAST HWY, REDONDO BEACH, CA 90277-2837
- In care of
- % SOUTH BAY CREDIT UNION
- Principal officer (990 for 2024)
- PARIS CHEVALIER, 312 N PACIFIC COAST HIGHWAY, REDONDO BEACH, CA 90277
- Signed the 990
- DON STEINMAN, CFO
- Phone
- (424) 327-9783
- Website
- WWW.SBCU.ORG
- Return prepared by
- TURNER WARREN HWANG & CONRAD ACCTCY
California records
California keeps its own records of charities and corporations. Search them by EIN 95-1914215 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
SEE SCHEDULE OSOUTH BAY 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, SOUTH BAY 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 BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.
Program accomplishments
- SBCU IS COMMITTED TO ASSISTING OUR MEMBERS ACHIEVE THEIR FINANCIAL GOALS. OUR RATES HAVE BEEN CONSISTENTLY AT THE TOP OF OUR LOCAL MARKETPLACE.
- IN 2024, WE WERE ABLE TO FUND $26.5 MILLION IN NEW LOANS TO OUR MEMBERS.
- WE HAVE BEEN ABLE TO SPONSOR COMMUNITY-BASED ORGANIZATIONS FOR SPORTS AND EDUCATION.
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 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 95-1914215
- 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)
- $156,829,850
- Income (IRS master file)
- $9,546,907
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,860,464 | $9,739,444 | $158,035,979 | XML |
| 990 | December 2023 | $8,170,718 | $7,829,413 | $156,698,184 | XML |
| 990 | December 2022 | $6,174,148 | $5,687,113 | $144,521,136 | 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 95-1914215).
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 95-1914215.
- 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 2026 (the year ending December 31, 2026) is due May 17, 2027. 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 PARIS CHEVALIER.
- 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; 6 received compensation from the organization, the highest $253,311 (PARIS CHEVALIER, 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 $8,860,464, expenses of $9,739,444 and total assets of $158,035,979 at year end.
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All nonprofits in REDONDO BEACH · California · Public and societal benefit