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EIN 95-1914215

South Bay Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
33
City
Redondo Beach
State
California
Year formed
1953
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
South Bay Credit Union promotes thrift and savings among its members through a cooperative approach. It assists its members in achieving their financial goals by offering consistently top-rated savings rates. In 2019, it updated and enhanced the security of its website and phone application mobile branch to ensure the safety of transactions.
Related structure
South Bay 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
$8,170,718
2023
Total expenses
$7,829,413
2023
Total assets
$156,698,184
2023
Num. employees
33
2023

Program areas at South Bay Credit Union

Sbcu is committed to assisting our members achieve their financial goals. Our savings rates have been consistently at the top of our local marketplace.
In 2023, we upgraded information technology to safeguard member funds and private information.
In 2023, we were able to fund $35.3 million in new loans to our members.

Personnel at South Bay Credit Union

NameTitleCompensation
Paris ChevalierPresident and Chief Executive Officer$147,000
Vanessa AlonsoChief Operating Officer$105,779
Don SteinmanChief Financial Officer$149,921
Bernice WhiteClo$121,515
David EllingsClo / Clo / Clo / Clo / Vice President Lending and Collections$131,646
...and 2 more key personnel

Financials for South Bay Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$7,632,560
Investment income and dividends$538,158
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
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$8,170,718

Form 990s for South Bay Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-03990View PDF
2022-122023-09-08990View PDF
2021-122022-10-31990View PDF
2020-122021-09-27990View PDF
2019-122021-06-25990View PDF
...and 11 more Form 990s

Organizations like South Bay Credit Union

OrganizationLocationRevenue
Nikkei Credit UnionGardena, CA$2,876,355
Priority One Credit UnionSouth Pasadena, CA$12,141,241
Southland Credit UnionLos Alamitos, CA$39,973,545
Upward Credit UnionBurlingame, CA$3,232,601
Vision One Credit UnionSacramento, CA$3,970,179
Pacific Postal Credit Union (PPCU)San Jose, CA$10,516,194
Heritage Community Credit Union (HCCU)Rancho Cordova, CA$12,093,694
Commonwealth Central Credit UnionSan Jose, CA$26,354,115
First US Community Credit UnionSacramento, CA$17,991,070
Excite Credit UnionSan Jose, CA$32,546,340
Data update history
October 27, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 27, 2023
Updated personnel
Identified 3 new personnel
August 18, 2023
Updated personnel
Identified 4 new personnel
August 5, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 13, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
312 N Pacific Coast Hwy
Redondo Beach, CA 90277
Metro area
Los Angeles-Long Beach-Anaheim, CA
County
Los Angeles County, CA
Website URL
southbaycu.com/ 
Phone
(424) 327-9783
IRS details
EIN
95-1914215
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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