EIN 94-1530642

Sacramento Credit Union (SCU)

IRS 501(c) type
501(c)(14)
Num. employees
120
Year formed
1935
Most recent tax filings
2023-12-01
Description
Sacramento Credit Union's (SCU) mission is to provide prompt, competitive, quality consumer financial services to our members in a friendly, professional, and prudent manner.
Related structure
SCU is child organization, under the parent exemption from Credit Unions in the State of California.
Total revenues
$29,216,353
2023
Total expenses
$22,223,555
2023
Total assets
$806,115,615
2023
Num. employees
120
2023

Program areas at SCU

Established march 18, 1935, Sacramento Credit Union (the Credit Union) is incorporated under section 14100 of the Credit Union division of the state of California department of business oversight. The Credit Union is a federally insured community Credit Union serving 27,522 members across the following counties: Sacramento, el dorado, placer, solano, sutter, yolo, and yuba. Composed of individuals, corporations, partnerships, and other legal entities, the Credit Union maintains the standards of a traditional member-owned cooperative while providing superior financial services at seven locations as well as convenient payment opportunities afforded by online banking, bill pay, mobile banking, point-of-sale, and atm transactions.
Sacramento Credit Union offers a broad range of deposit products to assist members in managing cash flow and saving for the future. Insured to at least $250,000 and backed by the full faith and Credit of the federal government, savings opportunities include the following competively priced accounts: regular, vacation club, holiday, ira, money market, regular and rewards checking, and certificates of deposit. Savings is made convenient via direct deposit of pay checks as well as any other recurring source of cash inflow. Through online, mobile or telephone banking, members can easily transfer funds between savings accounts or make payment on loans. Also available are investment services provided by certified in-house financial advisors.
Sacramento Credit Union (the Credit Union) offers a wide range of competitively priced consumer loan products to help members with financing for vehicles and first mortgages. Financing is also available in the form of secured and unsecured lines of Credit. Regarding the latter, the Credit Union offers visa platinum Credit cards both with and without the popular rewards feature. The Credit Union also offers commercial real estate loans and sba loans.

Personnel at SCU

NameTitleCompensation
Bhavnesh MakinPresident and Chief Executive Officer$423,522
Glenda KaiserChief Financial Officer$194,518
Karl GoinVice President , Marketing
Aletha HickeyVice President , Human Resources$136,806
Julie ShepherdSenior Vice President
...and 9 more key personnel

Financials for SCU

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$22,860,181
Investment income and dividends$6,321,125
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$33,192
Net gain from sale of non-inventory assets$1,855
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$29,216,353

Form 990s for SCU

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-23990View PDF
2022-122023-10-06990View PDF
2021-122022-11-14990View PDF
2020-122021-11-05990View PDF
2019-122021-06-25990View PDF
...and 10 more Form 990s

Organizations like SCU

OrganizationLocationRevenue
First Imperial Credit Union (FICU)El Centro, CA$10,509,894
Altura Credit UnionRiverside, CA$117,960,253
Credit Unions in the State of CaliforniaGarberville, CA$8,162,319
Ventura County Credit UnionVentura, CA$50,312,368
Valley First Credit UnionModesto, CA$40,105,453
Christian Community Credit UnionSan Dimas, CA$38,274,101
San Diego Metropolitan Credit UnionSan Diego, CA$17,871,184
CAHP Credit Unions (CAHPCU)Sacramento, CA$21,111,349
America's Christian Credit UnionGlendora, CA$26,929,371
Commonwealth Central Credit UnionSan Jose, CA$26,354,115
Data update history
October 3, 2024
Updated personnel
Identified 8 new personnel
November 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 30, 2023
Updated personnel
Identified 1 new personnel
November 26, 2023
Used new vendors
Identified 2 new vendors, including , and
July 28, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
Political advocacyState / local level
General information
Address
PO Box 2351
Sacramento, CA 95812
Metro area
Sacramento-Roseville-Folsom, CA
County
Sacramento County, CA
Website URL
sactocu.org/ 
Phone
(916) 444-6070
Facebook page
sactocu 
IRS details
EIN
94-1530642
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1935
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 SCU has new information, or want to find more organizations like Sacramento Credit Union (SCU)?

Create free Cause IQ account