EIN 95-1209332

Use Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
172
Year formed
1936
Most recent tax filings
2023-12-01
Description
USE Credit Union is a not-for-profit financial co-operative committed to values-based banking so they can help their members and local communities thrive financially, socially and environmentally.
Related structure
Use Credit Union is child organization, under the parent exemption from Credit Unions in the State of California.
Also known as...
University and State Employees Credit Union; Credit Unions in the State of
Total revenues
$62,378,718
2023
Total expenses
$60,114,609
2023
Total assets
$1,472,619,773
2023
Num. employees
172
2023

Program areas at Use Credit Union

Membership in Blupeak Credit Union ("Blupeak") provides access to a robust array of quality financial services and products including checking and savings accounts. Unlike banks, which return their profits to shareholders, Blupeak Credit Union returns its profits to members in the form of higher rates on deposits and a host of free and low-cost services. As of december 31, 2023, members held 74,892 deposit accounts totaling over $1,320 million. These accounts included free checking, low-balance savings, ira's, and high-yield money market and term investment accounts.
Since 1936, Blupeak Credit Union ("Blupeak") has been helping people achieve their most important financial goals. As one of California's largest Credit unions, Blupeak offers full-service banking including free and low-cost e-services. Members can manage their personal finances anytime, anywhere with telephone, online and wireless internet banking. As an additional convenience, Blupeak offers billpay services to members with qualifying checking accounts at no cost. Each month, approximately 29,700 members utilize the e-services available 24 hours per day. In addition, Blupeak has partnered with other Credit unions to form the co-op atm network. This network provides members access to approximately 30,000 no-fee atm's throughout the united states, including locations at popular retailers.
As a member-owned, not-for-profit cooperative, Blupeak Credit Union ("Blupeak") is dedicated to providing the financial products and services members need at every stage of life. Whether it's buying a first car, financing a new home, or seeking a higher education, Blupeak offers members low-cost home, vehicle, and personal loans, as well as free financial seminars to assist them in making sound financial choices. As of december 31, 2023, Blupeak members held 15,691 mortgage, home equity, vehicle, and various other personal loans totaling over $893 million.
Additional Blupeak Credit Union membership benefits include: 1) professional brokerage and investment services, 2) tax preparation services, 3) money-saving auto, home, health and life insurance programs, 4) free financial education seminars, and 5) merchant, recreation and travel discounts.

Grants made by Use Credit Union

GranteeGrant descriptionAmount
The Campanile FoundationCollege Scholarships$20,700

Personnel at Use Credit Union

NameTitleCompensation
Todd TharpPresident and Chief Executive Officer$712,968
Matthew LyonsExecutive Vice President and Chief Operating Officer / Senior Vice President and Chief Lending Officer$492,326
James CreedVice President of Operations and Payments$165,583
Carrie KnutsonVice President Finance$171,344
Gloria NunesVice President of Human Resources$168,777
...and 12 more key personnel

Financials for Use Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$46,598,261
Investment income and dividends$15,255,795
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-46,399
Net gain from sale of non-inventory assets$571,061
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$62,378,718

Form 990s for Use Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-13990View PDF
2022-122023-11-14990View PDF
2021-122022-11-10990View PDF
2020-122021-10-18990View PDF
2018-122020-01-15990View PDF
...and 9 more Form 990s

Organizations like Use Credit Union

OrganizationLocationRevenue
Eagle Community Credit UnionLake Forest, CA$26,775,928
1st United Services Credit UnionPleasanton, CA$51,170,118
Sacramento Credit Union (SCU)Sacramento, CA$29,216,353
Usc Credit UnionLos Angeles, CA$30,542,999
Technology Credit UnionSan Jose, CA$235,250,527
Water and Power Community Credit Union (WPCCU)Los Angeles, CA$45,747,261
Premier America Credit UnionChatsworth, CA$127,070,331
Sierra Central Credit UnionYuba City, CA$66,362,551
Safe 1 Credit UnionBakersfield, CA$47,057,316
American First Credit UnionBrea, CA$50,130,393
Data update history
January 7, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 3, 2025
Updated personnel
Identified 2 new personnel
January 3, 2025
Used new vendors
Identified 1 new vendor, including
January 24, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 24, 2024
Updated personnel
Identified 5 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
10120 Pacific Blvd 100
San Diego, CA 92121
Metro area
San Diego-Chula Vista-Carlsbad, CA
County
San Diego County, CA
Website URL
blupeak.com/ 
Phone
(866) 873-4968
Facebook page
USECreditUnion 
Twitter profile
@usecreditunion 
IRS details
EIN
95-1209332
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1936
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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