Civic Intelligence

Pacific Postal Credit Union

990 • Fiscal year 2019 • EIN 94-0760540

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

Organization ProfileWWW.PPCU.ORG

View Organization Page

1040 Leigh AvenueSan Jose, CA 95126-4152

(408) 275-8595

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

22nd percentile

0.85x

Higher debt load relative to assets than 22% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

75th percentile

18.95x

Higher debt load relative to revenue than 75% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Net Margin

42nd percentile

12%

Higher net margin than 42% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

75th percentile

$276,392

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Asset Growth

20th percentile

1.1%

Faster asset growth than 20% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

20th percentile

3.8%

Faster revenue growth than 20% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$224,203,026

Up $2,535,866 (+1.1%) from 2018

Net Assets

Up

$33,918,429

Up $4,023,997 (+13%) from 2018

Liabilities

Down

$190,284,597

Down $1,488,131 (-0.8%) from 2018

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin42nd percentile

Revenue

Up

$10,043,628

Up $365,303 (+3.8%) from 2018

Expenses

Up

$8,881,683

Up $874,381 (+11%) from 2018

Net Income

Down

$1,161,945

Down $509,078 (-30%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2010: $189,413,334Liabilities 2010: $166,338,162Net Assets 2010: $23,075,1722010Assets 2011: $187,998,630Liabilities 2011: $164,459,183Net Assets 2011: $23,539,4472011Assets 2012: $202,007,134Liabilities 2012: $174,586,313Net Assets 2012: $27,420,8212012Assets 2013: $199,835,128Liabilities 2013: $174,562,358Net Assets 2013: $25,272,7702013Assets 2014: $205,898,609Liabilities 2014: $177,898,361Net Assets 2014: $28,000,2482014Assets 2015: $214,954,140Liabilities 2015: $185,121,554Net Assets 2015: $29,832,5862015Assets 2016: $216,752,575Liabilities 2016: $186,649,863Net Assets 2016: $30,102,7122016Assets 2017: $220,943,903Liabilities 2017: $190,017,607Net Assets 2017: $30,926,2962017Assets 2018: $221,667,160Liabilities 2018: $191,772,728Net Assets 2018: $29,894,4322018Assets 2019: $224,203,026Liabilities 2019: $190,284,597Net Assets 2019: $33,918,4292019Assets 2020: $243,282,825Liabilities 2020: $207,599,372Net Assets 2020: $35,683,4532020Assets 2021: $255,571,467Liabilities 2021: $219,710,250Net Assets 2021: $35,861,2172021Assets 2022: $239,600,553Liabilities 2022: $209,790,314Net Assets 2022: $29,810,2392022Assets 2023: $236,503,849Liabilities 2023: $203,997,888Net Assets 2023: $32,505,9612023Assets 2024: $233,387,409Liabilities 2024: $198,698,304Net Assets 2024: $34,689,1052024

Highlighted filing

2019

Assets$224,203,026
Liabilities$190,284,597
Net Assets$33,918,429
Open 2019 Filing

Operations Trend

Revenue Growth20th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0Expenses 2010: $6,842,8652010Expenses 2011: $5,964,6212011Expenses 2012: $6,586,4972012Revenue 2013: $7,768,279Expenses 2013: $6,490,942Net Income 2013: $1,277,3372013Revenue 2014: $6,768,107Expenses 2014: $5,291,951Net Income 2014: $1,476,1562014Revenue 2015: $6,754,443Expenses 2015: $5,969,878Net Income 2015: $784,5652015Revenue 2016: $7,578,820Expenses 2016: $6,551,794Net Income 2016: $1,027,0262016Revenue 2017: $8,396,976Expenses 2017: $6,720,708Net Income 2017: $1,676,2682017Revenue 2018: $9,678,325Expenses 2018: $8,007,302Net Income 2018: $1,671,0232018Revenue 2019: $10,043,628Expenses 2019: $8,881,683Net Income 2019: $1,161,9452019Revenue 2020: $7,478,389Expenses 2020: $6,608,979Net Income 2020: $869,4102020Revenue 2021: $6,861,841Expenses 2021: $6,062,035Net Income 2021: $799,8062021Revenue 2022: $7,633,896Expenses 2022: $6,796,679Net Income 2022: $837,2172022Revenue 2023: $10,516,194Expenses 2023: $9,018,123Net Income 2023: $1,498,0712023Revenue 2024: $11,865,118Expenses 2024: $10,726,092Net Income 2024: $1,139,0262024

Highlighted filing

2019

Revenue$10,043,628
Expenses$8,881,683
Net Income$1,161,945
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$10,214,449
Mission and Program Overview

Mission

Pacific postal credit union is committed to creating a better life for our member owners by building financial partnerships and providing competitive services.

Pacific postal credit union builds financial partnerships and provides competitive services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$137,439,434$135,088,644▼ $2,350,790
Other Notes and Loans Receivable, Net$64,770,610$71,756,331▲ $6,985,721
Rtn Earn Endowment Incm Other Fnds$29,894,432$33,918,429▲ $4,023,997
Receivables From Officers Etc$3,088,552$3,165,765▲ $77,213
Cash and Non-Interest-Bearing Accounts$2,291,624$759,826▼ $1,531,798
Accounts Receivable$1,027,202$556,168▼ $471,034
Prepaid Expenses and Deferred Charges$459,026$460,349▲ $1,323
Land, Buildings, and Equipment, Net$334,071$301,956▼ $32,115
Intangible Assets$359,623$188,802▼ $170,821
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$221,667,160$224,203,026▲ $2,535,866
Other Assets Total$11,897,018$11,925,185▲ $28,167
Liabilities
Other Liabilities$190,168,383$189,083,491▼ $1,084,892
Accounts Payable and Accrued Expenses$1,604,345$1,201,106▼ $403,239
Total Liabilities$191,772,728$190,284,597▼ $1,488,131
Net Assets / Fund Balance
Total Net Assets Fund Balance$29,894,432$33,918,429▲ $4,023,997
Total Liabilities and Net Assets / Fund Balance$221,667,160$224,203,026▲ $2,535,866

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$25,800$2,895,996$2,921,796
Buildings$209,139$1,201,857$1,410,996
Land$67,017-$67,017
Other Assets Org$9,489,547--
Other Securities$113,489,995--
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Fardad KhosraviPresident & CEOFT$259,095$17,297$276,392
Paul LindsleyCFOFT$133,896$3,352$137,248
Kenneth KlingbeilSenior Branch ManagerFT$123,869$7,746$131,615
Karole MorikawaVP MarketingFT$115,668$7,935$123,603
Elsa PhamVP LendingFT$111,287$7,790$119,077
David ClarkIt ManagerFT$110,016$6,892$116,908

Board Members and Trustees

NameTitle
Robert ScalettaChair
Richard SilveriaVice Chair
Carol CroteauDirector
Inderjit ChahalDirector
Johanna RochaDirector
Michael MedlinDirector
Roger SomerDirector
Marie FurtadoSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
TpxCommunications208 S AKARD ST, Dallas, TX 75202$288,372
Co-op Financial ServicesAtm Services9692 HAVEN AVE, Rancho Cucamonga, CA 91730$260,232
FisVisa Processing7805 HUDSON RD, Woodbury, MN 55125$145,176
CubusHomebanking3049 INDEPENDENCE DR SUITE A, Livermore, CA 94551$117,400
FinastraData ProcessingPO BOX 535120, Atlanta, GA 30353$110,621
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,131,090
Investment Income
$4,912,538
Other Revenue
$0
Change in Net Assets
$1,161,945
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,042,107
Salaries, Compensation, and Employee Benefits$2,877,869
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,778,690
Benefits to Members---$961,707
Occupancy---$460,331
Current Officers, Directors, Trustees, and Key Employees---$392,991
Other Employee Benefits---$302,200
Fees for Services Other---$275,470
Payroll Taxes---$265,278
Information Technology---$262,685
Other Expenses---$260,232
All Other Expenses---$256,345
Pension Plan Contributions---$138,710
Advertising---$135,936
Office Expenses---$126,031
Insurance---$79,390
Travel---$73,810
Depreciation Depletion---$36,966
Interest---$16
Total Functional Expenses$0$0$0$8,881,683
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$3,088,552$3,165,765▲ $77,213
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Deposits$189,083,491
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The credit union's members have rights to elect the members of the governing body. The credit union's members also receive a share of the organization's profits in the form of cash dividends.”

Form 990, Part VI, Section A, Line 7A

“Members of the credit union of the right to elect one or more members of the organization's governing body, whether periodically, or as vacancies arise, or otherwise.”

Form 990, Part VI, Section A, Line 7B

“Members of the credit union have the right to approve the governing body's election and removal of members of the governing body, as well as other matters that are subject to the approval of members of the credit union as they occur.”

Form 990, Part VI, Section B, Line 11B

“Form 990 is reviewed by the president/ceo for accuracy before filing with the irs. The board of directors reviews form 990 after it has been filed with the irs.”

Form 990, Part VI, Section B, Line 12C

“All vendor contracts are board approved. Management monitors and reports any conflicts to the ceo who then reports to the board of directors.”

Form 990, Part VI, Section B, Line 15A

“The ceo's salary is recommended to the board of directors by the ceo evaluation committee. Salary is determined based on achievement of goals set and a comparison with other ceo salaries in like cu's. The ceo sets salaries for management based on a performance appraisal. Ranges for positions are set based on a third party survey.”

Form 990, Part VI, Section C, Line 19

“Financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).”

Filing and Contact Details

Filer

Filer Name
Pacific Postal Credit Union
EIN
94-0760540
Phone
4082758595
Address
1040 LEIGH AVENUE, SAN JOSE, CA 95126-4152

Signing Officer

Name
Fardad Khosravi
Title
C.e.o
Phone
4082758595
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fardad Khosravi
Formed
1931
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
35
Volunteers
10

Preparer

Firm
Rsm US Llp
Address
801 NICOLLET MALL WEST TOWER STE, 1100, MINNEAPOLIS, MN 55402-2526
Preparer
Kacie Mcewen
Phone
6123324300
Raw XML AppendixShowing 400 of 517 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2SENIOR BRANCH MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt5IT MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01931
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-170821
IRS990/GainOrLossGrp/SecuritiesAmt091533
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt091533
IRS990/GrossReceiptsAmt010214449
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0262685
IRS990/InsuranceGrp/TotalAmt079390
IRS990/IntangibleAssetsGrp/BOYAmt0359623
IRS990/IntangibleAssetsGrp/EOYAmt0188802
IRS990/InterestGrp/TotalAmt016
IRS990/InvestmentIncomeGrp/ExclusionAmt04991826
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04991826
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0137439434
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0135088644
IRS990/IRPDocumentCnt02944
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04097853
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0334071
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0301956
IRS990/LandBldgEquipCostOrOtherBssAmt04399809
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0170821
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PACIFIC POSTAL CREDIT UNION IS COMMITTED TO CREATING A BETTER LIFE FOR OUR MEMBER OWNERS BY BUILDING FINANCIAL PARTNERSHIPS AND PROVIDING COMPETITIVE SERVICES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt029894432
IRS990/NetAssetsOrFundBalancesEOYAmt033918429
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-79288
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-79288
IRS990/NetUnrelatedBusTxblIncmAmt0-6813
IRS990/NetUnrlzdGainsLossesInvstAmt02862052
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0460331
IRS990/OfficeExpensesGrp/TotalAmt0126031
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt011897018
IRS990/OtherAssetsTotalGrp/EOYAmt011925185
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0302200
IRS990/OtherExpensesGrp/Desc0INVESTMENT EXPENSE
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2LOAN/VISA EXPENSES
IRS990/OtherExpensesGrp/Desc3ATM EXPENSES
IRS990/OtherExpensesGrp/TotalAmt02020423
IRS990/OtherExpensesGrp/TotalAmt1774800
IRS990/OtherExpensesGrp/TotalAmt2279672
IRS990/OtherExpensesGrp/TotalAmt3260232
IRS990/OtherLiabilitiesGrp/BOYAmt0190168383
IRS990/OtherLiabilitiesGrp/EOYAmt0189083491
IRS990/OtherSalariesAndWagesGrp/TotalAmt01778690
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt064770610
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt071756331
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0265278
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0138710
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0459026
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0460349
IRS990/PrincipalOfficerNm0FARDAD KHOSRAVI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST FROM LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE & CHARGES INCOME
IRS990/ProgramServiceRevenueGrp/Desc2OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc3VISA INTERCHANGE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03827363
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1642426
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2487197
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3156084
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03827363
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1660446
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2487197
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3156084
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt018020
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION PROVIDES DEPOSIT SERVICES TO MEMBERS AT LOWER THAN MARKET FEES. DURING 2019, MEMBERS DECREASED THEIR DEPOSIT ACCOUNTS BY $1,084,892. TOTAL MEMBERSHIP OF THE CREDIT UNION WAS 14,119 AT DECEMBER 31, 2019.
IRS990/ProgSrvcAccomActy3Grp/Desc0FOR THE YEAR ENDED DECEMBER 31, 2018 THE PERCENTAGE OF FEE INCOME EARNED AS A PERCENTAGE OF TOTAL INCOME WAS 10.07%, WHICH IS LESS THAN HALF OF THE INDUSTRY STANDARD.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0686178
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04835779
IRS990/PYOtherExpensesAmt04635445
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt04842546
IRS990/PYRevenuesLessExpensesAmt01671023
IRS990/PYSalariesCompEmpBnftPaidAmt02685679
IRS990/PYTotalExpensesAmt08007302
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09678325
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt03088552
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt03165765
IRS990/ReconcilationRevenueExpnssAmt01161945
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt029894432
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt033918429
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0209139
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01201857
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01410996
IRS990ScheduleD/EquipmentGrp/BookValueAmt025800
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02895996
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02921796
IRS990ScheduleD/LandGrp/BookValueAmt067017
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt067017
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0675551
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11760087
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt29489547
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED INCOME
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NCUSIF DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER ASSETS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0189083491
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt017403039
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1-2014015
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt26209625
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3113489995
IRS990ScheduleD/OtherSecuritiesGrp/Desc0DEPOSITS IN CORPORATE CREDIT UNIONS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENTS VAULUATION
IRS990ScheduleD/OtherSecuritiesGrp/Desc2PREPAID INVESTMENT PREMIUMS
IRS990ScheduleD/OtherSecuritiesGrp/Desc3AVAILABLE FOR SALE INVESTMETNS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0301956
IRS990ScheduleD/TotalBookValueOtherAssetsAmt011925185
IRS990ScheduleD/TotalBookValueSecuritiesAmt0135088644
IRS990ScheduleD/TotalLiabilityAmt0189083491
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0259095
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt017297
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FARDAD KHOSRAVI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0276392
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$224,203,026
Liabilities
$190,284,597
Net assets
$33,918,429
Revenue
$10,043,628
Expenses
$8,881,683
Net income
$1,161,945
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$233$199$34.7$11.9$10.7$1.14
2023Detailed filing. Detailed filing data is available for this year.$237$204$32.5$10.5$9.02$1.50
2022Detailed filing. Detailed filing data is available for this year.$240$210$29.8$7.63$6.80$0.84
2021Detailed filing. Detailed filing data is available for this year.$256$220$35.9$6.86$6.06$0.80
2020Detailed filing. Detailed filing data is available for this year.$243$208$35.7$7.48$6.61$0.87
2019Detailed filing. Detailed filing data is available for this year.$224$190$33.9$10.0$8.88$1.16
2018Detailed filing. Detailed filing data is available for this year.$222$192$29.9$9.68$8.01$1.67
2017Detailed filing. Detailed filing data is available for this year.$221$190$30.9$8.40$6.72$1.68
2016Detailed filing. Detailed filing data is available for this year.$217$187$30.1$7.58$6.55$1.03
2015Detailed filing. Detailed filing data is available for this year.$215$185$29.8$6.75$5.97$0.78
2014Detailed filing. Detailed filing data is available for this year.$206$178$28.0$6.77$5.29$1.48
2013Detailed filing. Detailed filing data is available for this year.$200$175$25.3$7.77$6.49$1.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$202$175$27.4$6.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$188$164$23.5$5.96
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$189$166$23.1$6.84