Civic Intelligence

Utility District Credit Union

EIN 94-1021891 • 501(c)14 • Oakland, CA

Profile

Promoting thrift and providing low cost loans to members.

375 11th StreetOakland, CA 94607

udcu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.92x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

29.23x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Net Margin

30th percentile

2.8%

Higher net margin than 30% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

6th percentile

-10%

Faster asset growth than 6% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

34th percentile

3.3%

Faster revenue growth than 34% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$32,833,109

Down $3,781,145 (-10%) from 2023

Liabilities

Down

$30,067,768

Down $3,796,706 (-11%) from 2023

Net Assets

Up

$2,765,341

Up $15,561 (+0.6%) from 2023

Revenue

Up

$1,028,680

Up $33,062 (+3.3%) from 2023

Expenses

Down

$999,846

Down $33,074 (-3.2%) from 2023

Net Income

Up

$28,834

Up $66,136 (+177%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $25,388,115Liabilities 2010: $23,285,849Net Assets 2010: $2,102,2662010Assets 2011: $27,075,099Liabilities 2011: $24,977,546Net Assets 2011: $2,097,5532011Assets 2012: $27,181,640Liabilities 2012: $25,039,831Net Assets 2012: $2,141,8092012Assets 2013: $27,300,355Liabilities 2013: $25,022,632Net Assets 2013: $2,277,7232013Assets 2014: $29,331,473Liabilities 2014: $26,918,599Net Assets 2014: $2,412,8742014Assets 2015: $30,390,532Liabilities 2015: $27,852,781Net Assets 2015: $2,537,7512015Assets 2016: $31,646,003Liabilities 2016: $29,017,278Net Assets 2016: $2,628,7252016Assets 2017: $31,611,769Liabilities 2017: $28,876,357Net Assets 2017: $2,735,4122017Assets 2018: $32,833,848Liabilities 2018: $29,953,745Net Assets 2018: $2,880,1032018Assets 2019: $32,576,787Liabilities 2019: $29,531,731Net Assets 2019: $3,045,0562019Assets 2020: $36,075,380Liabilities 2020: $33,006,676Net Assets 2020: $3,068,7042020Assets 2021: $36,719,200Liabilities 2021: $33,843,664Net Assets 2021: $2,875,5362021Assets 2022: $37,976,975Liabilities 2022: $35,174,661Net Assets 2022: $2,802,3142022Assets 2023: $36,614,254Liabilities 2023: $33,864,474Net Assets 2023: $2,749,7802023Assets 2024: $32,833,109Liabilities 2024: $30,067,768Net Assets 2024: $2,765,3412024

Highlighted filing

2024

Assets$32,833,109
Liabilities$30,067,768
Net Assets$2,765,341

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $937,9992010Expenses 2011: $901,8752011Expenses 2012: $801,3812012Revenue 2013: $821,103Expenses 2013: $714,755Net Income 2013: $106,3482013Revenue 2014: $854,392Expenses 2014: $719,241Net Income 2014: $135,1512014Revenue 2015: $865,184Expenses 2015: $740,307Net Income 2015: $124,8772015Revenue 2016: $882,056Expenses 2016: $791,084Net Income 2016: $90,9722016Revenue 2017: $895,548Expenses 2017: $788,861Net Income 2017: $106,6872017Revenue 2018: $991,585Expenses 2018: $846,894Net Income 2018: $144,6912018Revenue 2019: $1,031,567Expenses 2019: $866,624Net Income 2019: $164,9432019Revenue 2020: $909,484Expenses 2020: $885,836Net Income 2020: $23,6482020Revenue 2021: $700,015Expenses 2021: $893,183Net Income 2021: -$193,1682021Revenue 2022: $816,860Expenses 2022: $890,082Net Income 2022: -$73,2222022Revenue 2023: $995,618Expenses 2023: $1,032,920Net Income 2023: -$37,3022023Revenue 2024: $1,028,680Expenses 2024: $999,846Net Income 2024: $28,8342024

Highlighted filing

2024

Revenue$1,028,680
Expenses$999,846
Net Income$28,834

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$32.8$30.1$2.77$1.03$1.00$0.03
2023Detailed filing. Detailed filing data is available for this year.$36.6$33.9$2.75$1.00$1.03$0.04
2022Detailed filing. Detailed filing data is available for this year.$38.0$35.2$2.80$0.82$0.89$0.07
2021Detailed filing. Detailed filing data is available for this year.$36.7$33.8$2.88$0.70$0.89$0.19
2020Detailed filing. Detailed filing data is available for this year.$36.1$33.0$3.07$0.91$0.89$0.02
2019Detailed filing. Detailed filing data is available for this year.$32.6$29.5$3.05$1.03$0.87$0.16
2018Detailed filing. Detailed filing data is available for this year.$32.8$30.0$2.88$0.99$0.85$0.14
2017Detailed filing. Detailed filing data is available for this year.$31.6$28.9$2.74$0.90$0.79$0.11
2016Detailed filing. Detailed filing data is available for this year.$31.6$29.0$2.63$0.88$0.79$0.09
2015Detailed filing. Detailed filing data is available for this year.$30.4$27.9$2.54$0.87$0.74$0.12
2014Detailed filing. Detailed filing data is available for this year.$29.3$26.9$2.41$0.85$0.72$0.14
2013Detailed filing. Detailed filing data is available for this year.$27.3$25.0$2.28$0.82$0.71$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.2$25.0$2.14$0.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.1$25.0$2.10$0.90
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.4$23.3$2.10$0.94
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$1,028,680
Mission and Program Overview

Mission

Promoting thrift and providing low cost loans to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$23,433,990$16,257,188▼ $7,176,802
Other Notes and Loans Receivable, Net$12,328,287$10,024,194▼ $2,304,093
Savings and Temporary Cash Investments$-100,014$5,865,195▲ $5,965,209
Rtn Earn Endowment Incm Other Fnds$2,749,780$2,765,341▲ $15,561
Cash and Non-Interest-Bearing Accounts$396,693$329,286▼ $67,407
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$36,614,254$32,833,109▼ $3,781,145
Other Assets Total$555,298$357,246▼ $198,052
Liabilities
Other Liabilities$33,049,083$29,818,023▼ $3,231,060
Accounts Payable and Accrued Expenses$815,391$249,745▼ $565,646
Total Liabilities$33,864,474$30,067,768▼ $3,796,706
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,749,780$2,765,341▲ $15,561
Total Liabilities and Net Assets / Fund Balance$36,614,254$32,833,109▼ $3,781,145

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$143,819$143,819
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anthony RappaCEOFT$104,259$5,085$109,344
Carolyn MaughnCEOFT$57,374$288$57,662

Board Members and Trustees

NameTitle
Janetta JohnsonSC Chair
Samuel FeldmanBoard President
Alicia ChakrabartiBoard Member
Barry GardinBoard Member
Cynthis AdkissonBoard Member
Gistand WilliamsBoard Member
Rischa ColeBoard Member
Sunnel BriscoBoard Member
David CorreaSC Member
David GlasserSC Member
Karyn BilleciSC Member
Winnie AndersonSC Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$563,932
Investment Income
$421,092
Other Revenue
$43,656
Change in Net Assets
$28,834
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$606,404
Other Expenses$381,802
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$439,397
Current Officers, Directors, Trustees, and Key Employees---$167,007
Office Expenses---$156,155
Fees for Services Other---$148,327
Interest---$15,732
Benefits to Members---$11,640
Other Expenses---$4,980
Advertising---$2,802
Total Functional Expenses$0$0$0$999,846
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 Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Regular Shares$17,486,092
Share Drafts$9,031,814
Money Market Shares$2,936,446
Share Certificates$232,371
IRA/KEOGH Accounts$131,300
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Most members are employees and former employees of East Bay Municipal Utility District and their family members.

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

The return preparer e-mails a draft of the form 990 to a designated officer and/or ceo of the credit union for review.the designated individual(s) review the draft and present any questions, comments, or corrections to the return preparer. Upon satisfactory completion of the form 990, the organization's authorized individual signs the appropriate signature form(s) to authorize the electronic filing of the return. A copy of the form 990, as filed, is provided by the return preparer to theorganization's ceo or other designated individual(s).

Form 990, Part VI, Section C, Line 19

Governing documents and conflict of interest are available upon request. Financial statements are accessible online via www.ncua.gov and upon request.

Filing and Contact Details

Filer

Filer Name
Utility District Credit Union
EIN
94-1021891
Phone
5102870465
Address
375 11th Street, Oakland, CA 94607

Signing Officer

Name
Carolyn Maughan
Title
CEO
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Formed
1935
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
11
Volunteers
10

Preparer

Firm
Richards & Associates
Address
21520 YORBA LINDA BLVD G-516, YORBA LINDA, CA 92887
Preparer
Richards Associates CPAs
Phone
7142876713
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IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/OtherExpensesGrp/TotalAmt25080
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Share Certificates
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Most members are employees and former employees of East Bay Municipal Utility District and their family members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN PREPARER E-MAILS A DRAFT OF THE FORM 990 TO A DESIGNATED OFFICER AND/OR CEO OF THE CREDIT UNION FOR REVIEW.THE DESIGNATED INDIVIDUAL(S) REVIEW THE DRAFT AND PRESENT ANY QUESTIONS, COMMENTS, OR CORRECTIONS TO THE RETURN PREPARER. UPON SATISFACTORY COMPLETION OF THE FORM 990, THE ORGANIZATION'S AUTHORIZED INDIVIDUAL SIGNS THE APPROPRIATE SIGNATURE FORM(S) TO AUTHORIZE THE ELECTRONIC FILING OF THE RETURN. A COPY OF THE FORM 990, AS FILED, IS PROVIDED BY THE RETURN PREPARER TO THEORGANIZATION'S CEO OR OTHER DESIGNATED INDIVIDUAL(S).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AND CONFLICT OF INTEREST ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE ACCESSIBLE ONLINE VIA WWW.NCUA.GOV AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0375 11th Street
IRS990/USAddress/CityNm0Oakland
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094607
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Carolyn Maughan
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Utility District Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0UTIL
ReturnHeader/Filer/EIN0941021891
ReturnHeader/Filer/PhoneNum05102870465
ReturnHeader/Filer/USAddress/AddressLine1Txt0375 11th Street
ReturnHeader/Filer/USAddress/CityNm0Oakland
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094607

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