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EIN 95-1847819

La Electrical Workers Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
9
City
Pasadena
State
California
Year formed
1953
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
La Electrical Workers Credit Union promotes thrift, honesty, integrity, business methods, and the spirit of service among its members. It receives money from members for regular shares and share drafts and strives to return the highest dividend rate possible. At year-end 2018, they had 4,028 members/accounts with shares, share drafts, and IRA deposits totaling $33,475,025. The Credit Union makes loans to its members for provident purposes at reasonable interest rates and finances property purchases by its members. In 2018 alone, they made 1,801 loans amounting to $7,618,558.
Related structure
La Electrical Workers 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
$2,177,046
2023
Total expenses
$1,831,687
2023
Total assets
$56,036,555
2023
Num. employees
9
2023

Program areas at La Electrical Workers Credit Union

L A Electrical Workers Credit Union receives money from members for the purchase of regular shares and share drafts and to return the highest dividend rate possible. As of december 31, 2023 the total number of members/accounts was 9,284 with shares totaling $42,880,628.40, share draft accounts totaling $2,858,156.73, ira deposit accounts totaling $32,416.32, and ira cd deposits totaling $1,986,214.64.
L.a. Electrical Workers Credit Union provides A variety of secured and unsecured consumer loan products for their members. The loans are at competitive rates to help the member save money. As of december 31, 2023, the total number of loans was 702 with share secured loans of $56,854.60, unsecured signature loans of $1,608,095.41, new vehicle loans of $3,111,648.97, used vehicles of $4,525,696.81, personal lines of Credit of $539,244.46, home equity lines of Credit of $1,453,826.62, and all other loans of $225,132.79, for A total of $11,520,499.60.

Personnel at La Electrical Workers Credit Union

NameTitleCompensation
Shawn McDonaldChief Executive Officer and Treasurer$107,126
Annette SantosOperations Manager / Chief Executive Officer and Treasurer$44,494
Shomari DavisSecretary / Director$0
Marc GreenfieldPast Assistant Treasurer / Chief Executive Officer and Treasurer / Treasurer and Chief Executive Officer / Director$0
Robert CoronaPresident and Chair / Vice President$0
...and 9 more key personnel

Financials for La Electrical Workers Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$935,297
Investment income and dividends$1,213,835
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$27,914
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,177,046

Form 990s for La Electrical Workers Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-07-15990View PDF
2022-122023-11-14990View PDF
2021-122023-10-06990View PDF
2020-122023-08-16990View PDF
2018-122020-02-18990View PDF
...and 9 more Form 990s
Data update history
January 24, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 24, 2024
Updated personnel
Identified 2 new personnel
December 5, 2023
Posted financials
Added Form 990 for fiscal year 2021
December 3, 2023
Updated personnel
Identified 1 new personnel
October 8, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
3820 E Colorado Blvd
Pasadena, CA 91107
Metro area
Los Angeles-Long Beach-Anaheim, CA
County
Los Angeles County, CA
Website URL
laewcu.com/ 
Phone
(626) 440-9284
IRS details
EIN
95-1847819
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1953
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
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