EIN 95-1653038

Financial Partners Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
361
City
Year formed
1937
Most recent tax filings
2023-12-01
Description
Financial Partners Credit Union promotes thrift and savings among its members through its cooperative structure. It offers a source of credit at rates set by the Board of Directors and provides an opportunity for members to access various programs such as bank-on certification, which gives everyone access to a checking account. Additionally, low-mod income households can benefit from the grant received for credit builder loans. The Credit Union is located in Downey, CA.
Related structure
Financial Partners Credit Union is child organization, under the parent exemption from Credit Unions in the State of California.
Also known as...
Credit Unions in the State of California
Total revenues
$112,970,824
2023
Total expenses
$108,208,142
2023
Total assets
$2,274,502,940
2023
Num. employees
361
2023

Program areas at Financial Partners Credit Union

Through grants from the cdfi and the $35 million in supplemental capital, continued to expand lending to low and moderate income members.
Received additional grants as a cdfi (community development Financial institution) designated Credit Union, to help low-income communities by providing access to Financial products and services for local residents and businesses.
Received $35,000,000 in supplemental capital loans through the u.s. treasury department's emergency capital investment program (ecip).

Grants made by Financial Partners Credit Union

GranteeGrant descriptionAmount
Children's Miracle Network Hospitals (CMN Hospitals)To Assist in Providing Financial Support for Children in Need of Medical Care.$25,064
Choc FoundationTo Assist in Providing Resources That Nurture, Advance and Protect the Well-Being of Children.$22,500
National Credit Union FoundationTo Assist in Improving People's Financial Lives Through Credit Unions.$10,000
...and 2 more grants made

Personnel at Financial Partners Credit Union

NameTitleCompensation
Nader MoghaddamPresident and Chief Executive Officer$1,040,558
Darren HerrmannExecutive Vice President , Chief Operating Officer$398,289
Mary TorsneyExecutive Vice President , Chief Financial Officer$436,563
Lori ReevesSenior Vice President Chief Marketing Officer$302,061
Wanda WilliamsExecutive Vice President , Chief Administrative Officer$386,123
...and 41 more key personnel

Financials for Financial Partners Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$103,116,266
Investment income and dividends$9,059,891
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$18,392
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$776,275
Total revenues$112,970,824

Form 990s for Financial Partners Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-27990View PDF
2022-122023-09-23990View PDF
2021-122022-09-15990View PDF
2020-122021-08-20990View PDF
2019-122021-06-08990View PDF
...and 10 more Form 990s

Organizations like Financial Partners Credit Union

OrganizationLocationRevenue
Coast Central Credit UnionEureka, CA$66,591,892
Star One Credit UnionSunnyvale, CA$255,066,926
Christian Community Credit UnionSan Dimas, CA$38,274,101
San Mateo Credit Union (SMCU)Redwood City, CA$70,068,460
Safe Credit UnionFolsom, CA$229,786,087
Travis Credit UnionVacaville, CA$193,300,043
Provident Credit UnionRedwood City, CA$112,950,041
LBS Financial Credit UnionWestminster, CA$64,266,960
SF Police Credit Union (SFPCU)San Bruno, CA$41,496,817
SF Fire Credit UnionSan Francisco, CA$62,656,925
Data update history
October 3, 2024
Updated personnel
Identified 2 new personnel
August 25, 2024
Posted financials
Added Form 990 for fiscal year 2021
August 25, 2024
Updated personnel
Identified 1 new personnel
December 1, 2023
Updated personnel
Identified 11 new personnel
November 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsCredit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local levelProvides scholarships
General information
Address
7800 E Imperial Hwy
Downey, CA 90242
Metro area
Los Angeles-Long Beach-Anaheim, CA
County
Los Angeles County, CA
Website URL
fpcu.org/ 
Phone
(562) 904-4208
IRS details
EIN
95-1653038
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1937
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
Free account sign-up

Want updates when Financial Partners Credit Union has new information, or want to find more organizations like Financial Partners Credit Union?

Create free Cause IQ account