Nonprofit · EIN 95-2513485
CREDIT UNIONS IN THE STATE OF CALIFORNIA
Also known as RICHARD ALAN ELIAS
Tax-exempt · LOS ANGELES, CA 90068
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $109,183,254 | $102,752,796 | $6,430,458 | $2,105,153,292 | $1,937,469,519 | $167,683,773 |
| December 31, 2023 | 990 | $100,298,881 | $87,655,388 | $12,643,493 | $2,209,711,281 | $2,058,787,845 | $150,923,436 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $96,168,025
- Investment income
- $12,387,056
- Net gain from sales of assets
- -$337,611
- Other revenue
- $628,173
Expenses
- Grants and similar amounts paid
- $61,469
- Compensation of officers, directors and key employees
- $4,669,979
- Other salaries and wages
- $21,754,760
- Salaries, compensation and benefits (total)
- $32,757,791
- Professional fundraising fees
- $0
- Legal fees
- $244,768
- Accounting fees
- $80,891
- Occupancy
- $1,654,115
- Travel
- $1,479,190
- Depreciation
- $1,135,038
Balance sheet and other
- Total assets, start of year
- $2,209,711,281
- Total assets, end of year
- $2,105,153,292
- Total liabilities, end of year
- $1,937,469,519
- Net assets, end of year
- $167,683,773
- Land, buildings and equipment
- $6,041,683
- Publicly traded securities
- $432,619,078
- Gross unrelated business income
- $66,776
- Gross receipts
- $119,112,203
- Employees
- 277
- Volunteers
- 18
- Year formed
- 1967
- 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 |
|---|---|---|---|---|
| STEPHEN OWEN | PRESIDENT/CEO Officer | 40 | $885,785 | $36,160 |
| KENNETH KRAMER FORMER | SVP/CFO Officer | 40 | $494,996 | $42,468 |
| JONATHAN PARTRIDGE | EVP/CHIEF STRATEGY OFFICER Key employee | 40 | $427,676 | $18,743 |
| ADRIANA ALLISON | SVP/CHIEF EXPERIENCE OFFICER Key employee | 40 | $362,691 | $70,148 |
| JENNIFER JORDAN FORMER | SVP/CHIEF RISK OFFICER Key employee | 40 | $407,895 | $7,162 |
| JANET KWON-GASPARD | SVP/CHIEF PEOPLE OFFICER Key employee | 40 | $332,719 | $41,607 |
| LISA RAUDA-COOK | VP MEMBER EXPERIENCE Highest-paid employee | 40 | $269,833 | $33,561 |
| SHANNON LEITCH | VP COMMERCIAL & REAL ESTATE LENDING Highest-paid employee | 40 | $278,875 | $6,968 |
| JEFFREY J PLATT | SVP/CHIEF INFORMATION OFFICER Key employee | 40 | $269,098 | $12,559 |
| DANIEL ARITA | VP STRATEGY Highest-paid employee | 40 | $261,105 | $20,272 |
| IRINA ABRAMOVA | VP INFORMATION TECHNOLOGY Highest-paid employee | 40 | $244,932 | $25,538 |
| PAUL PARTIDA | VP ENGINEERING Highest-paid employee | 40 | $234,607 | $10,258 |
| MOLLY HOLCOMB FORMER | SVP/CHIEF MARKETING OFFICER Key employee | 40 | $199,767 | $7,605 |
| PATRICK WALTERS | BOARD CHAIR Trustee or director | 1 | $0 | $0 |
| STEPHEN RAYNES | BOARD VICE-CHAIR Trustee or director | 1 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA VALAN | SECRETARY Trustee or director | 1 | $0 |
| IRWIN JACOBSON | TREASURER Trustee or director | 1 | $0 |
| HOWARD WELINSKY | BOARD MEMBER Trustee or director | 1 | $0 |
| ELENA CAMPBELL-MARTINEZ | BOARD MEMBER Trustee or director | 1 | $0 |
| SAKAE MANNING | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFF MIRKIN | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL EDWARDS | BOARD MEMBER Trustee or director | 1 | $0 |
| TED SCHILOWITZ | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES HERR | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN OWEN | PRESIDENT/CEO Officer | 40 | $824,765 | $33,796 |
| JAMES MARCELLINO | VP FACILITIES Key employee | 40 | $734,586 | $27,835 |
| KENNETH KRAMER | SVP/CFO Officer | 40 | $423,640 | $45,342 |
| ADRIANA ALLISON | SVP/CXO Key employee | 40 | $389,440 | $59,730 |
| JONATHAN PARTRIDGE | EVP/CHIEF STRATEGY OFFICER Key employee | 40 | $329,660 | $17,512 |
| WILLIAM H WALKER | VP REAL ESTATE LENDING Highest-paid employee | 40 | $295,243 | $40,128 |
| MOLLY HOLCOMB | SVP/CHIEF MARKETING OFFICER Key employee | 40 | $317,367 | $10,911 |
| JANET KWON-GASPARD | SVP/CHIEF PEOPLE OFFICER Key employee | 40 | $285,991 | $35,487 |
| JENNIFER JORDAN | SVP/CHIEF RISK OFFICER Key employee | 40 | $299,654 | $7,641 |
| THOMAS E ORMAN | SVP/CLO Key employee | 40 | $275,270 | $13,886 |
| IRINA ABRAMOVA | VP INFORMATION TECHNOLOGY Highest-paid employee | 40 | $261,936 | $23,525 |
| DANIEL ARITA | VP STRATEGY Highest-paid employee | 40 | $251,254 | $25,369 |
| SHANNON LEITCH | VP COMMERCIAL & REAL ESTATE LENDING Highest-paid employee | 40 | $267,025 | $7,931 |
| PATRICK WALTERS | BOARD CHAIR Trustee or director | 1 | $0 | $0 |
| STEPHEN RAYNES | BOARD VICE-CHAIR Trustee or director | 1 | $0 | $0 |
| LAURA VALAN | SECRETARY Trustee or director | 1 | $0 | $0 |
| IRWIN JACOBSON | TREASURER Trustee or director | 1 | $0 | $0 |
| HOWARD WELINSKY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GARI ANN DOUGLASS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SAKAE MANNING | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF MIRKIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL EDWARDS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TED SCHILOWITZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES HERR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6735 FOREST LAWN DR, LOS ANGELES, CA 90068-1001
- In care of
- % KAT CHENG
- Principal officer (990 for 2024)
- STEPHEN OWEN, 6735 FOREST LAWN DRIVE 300, HOLLYWOOD, CA 90068
- Signed the 990
- MAG WANGSUWANA, CFO
- Phone
- (888) 800-3328
- Website
- WWW.FIRSTENT.ORG
- Return prepared by
- TURNER WARREN HWANG & CONRAD ACCTCY
California records
California keeps its own records of charities and corporations. Search them by EIN 95-2513485 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
FIRST ENTERTAINMENT 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, FIRST ENTERTAINMENT 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 UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.
Program accomplishments
- FIRST ENTERTAINMENT CREDIT UNION OFFERS ITS MEMBERS A VARIETY OF SAVINGS PROGRAMS INCLUDING CHECKING ACCOUNTS, MONEY MARKET ACCOUNTS, TERM SAVINGS CERTIFICATES, AND IRAS. ADDITIONALLY, THE CREDIT UNION OFFERS BUSINESS CHECKING AND MONEY MARKET ACCOUNTS.
- FIRST ENTERTAINMENT CREDIT UNION MEMBERS HAVE ACCESS TO A VARIETY OF LOAN PRODUCTS INCLUDING PERSONAL AND AUTO LOANS AND A COMPREHENSIVE PORTFOLIO OF REAL ESTATE LOANS. ADDITIONALLY, THE CREDIT UNION OFFERS A COMPLETE SUITE OF COMMERCIAL REAL ESTATE AS WELL AS COMMERCIAL AND INDUSTRIAL LOANS TO SERVICE BUSINESS LENDING NEEDS.
- FIRST ENTERTAINMENT CREDIT UNION MEMBERS ENJOY FREE ONLINE ACCOUNT ACCESS AS WELL AS A VARIETY OF ADDITIONAL MEMBER-ONLY BENEFITS.
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
- 95-2513485
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1526: CREDIT UNIONS IN THE STATE OF CALIFORNIA
- Assets (IRS master file)
- $2,105,153,292
- Income (IRS master file)
- $119,112,203
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $109,183,254 | $102,752,796 | $2,105,153,292 | IRS |
| 990 | December 2023 | $100,298,881 | $87,655,388 | $2,209,711,281 | XML |
| 990 | December 2022 | $79,392,811 | $61,630,121 | $2,110,364,195 | 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 95-2513485).
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 95-2513485.
- Is CREDIT UNIONS IN THE STATE OF CALIFORNIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 2016.
- 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 STEPHEN OWEN.
- Who are the officers and directors of CREDIT UNIONS IN THE STATE OF CALIFORNIA?
- The 990 for the year ended December 31, 2024 lists 24 people; 13 received compensation from the organization, the highest $885,785 (STEPHEN OWEN, 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 $109,183,254, expenses of $102,752,796 and total assets of $2,105,153,292 at year end.
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