2024-11-14T15:06:48-08:00 2023-12-31 RICHARDS & ASSOCIATES 21520 YORBA LINDA BLVD G-516 YORBA LINDA CA 92887 990 2023-01-01 956064840 El Monte Community Credit Union ELMO 6264440501 11718 Ramona Blvd El Monte CA 91732 Sandra Rosas President/CEO 2024-11-14 true true Richards Associates CPAs P01070543 7142876713 2023 2024-10-15 13:58:12Z Sandra Rosas 11718 Ramona Blvd El Monte CA 91732 1370651 false X http://www.emcecu.org X 1956 CA El Monte Community Credit Union is a non-profit financial cooperative that provides services for their members including savings and loans. The mission of the Credit Union is to charge the least in their loans and pay the most for deposits to its members. 7 7 6 10 0 0 534535 737551 201247 260830 488305 372270 1224087 1370651 0 10070 44503 402725 448219 0 0 666467 720944 1079262 1213666 144825 156985 32839949 30762021 30179778 27961292 2660171 2800729 El Monte Community Credit Union is a non-profit financial cooperative that provides services for their members including savings and loans. The mission of the Credit Union is to charge the least in their loans and pay the most for deposits to its members. false false Provided deposit and loan accounts to members. Provided low cost source of credit and low cost financial services to our members. Provided source for member savings and checking account needs. false false false false false false false false false true false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 300 0 true 6 true false false false false false false false false false false false X 7 7 false false false false true true true true true false true true true true true false true true true true false X Cristina Munoz 6264440501 11718 Ramona Blvd El Monte CA 91732 Sandra Rosas CEO 40.00 0.00 X 149270 0 0 Rebecca Aguirre Board Member 0.00 0.00 X 0 0 0 David Paredes Board Treasurer 0.50 0.00 X 0 0 0 Angel R Nunez Board ViceChair 0.50 0.00 X 0 0 0 Robert Velasquez Board Member 0.50 0.00 X 0 0 0 James Mussenden Board Chairman 0.50 0.00 X 0 0 0 Michael McClure Board Member 0.50 0.00 X 0 0 0 William Larry Fry Board Secretary 0.50 0.00 X 0 0 0 Maria C Caballero SC Member 0.50 0.00 X 0 0 0 Sheila S Crippen Thomas SC member 0.50 0.00 X 0 0 0 Amparo Becerra SC member 0.50 0.00 X 0 0 0 149270 1 false false false 0 0 Interest on Loans 737551 737551 737551 260830 260830 0 0 0 0 0 0 0 Fee Income 372270 372270 Other Non-Operating Income 372270 1370651 1370651 0 0 0 44503 149270 0 298949 0 0 0 0 0 0 0 0 0 40093 36804 437005 0 0 79381 62 0 0 0 0 0 0 Loan servicing expense 39654 Provision for Loan Losses(cr) 36338 Miscellaneous Expense 31080 Operating Fees 13569 6958 1213666 0 0 0 326404 398662 1756096 851484 0 0 677367 0 0 10877337 13604272 0 0 591448 472903 141863 118545 0 0 17605816 14609494 0 1455066 1179564 32839949 30762021 418866 288973 29760912 27672319 30179778 27961292 X 2660171 2800729 2660171 2800729 32839949 30762021 156985 -16427 X false true X true false 66000 66000 156871 128475 28396 229984 219081 10903 119386 107660 11726 19207 17687 1520 118545 14609494 Other Deposits 4232791 Regular Shares 16810542 Rounding 1 Share Drafts 6628985 27672319 Form 990, Part VI, Section A, Line 6 The Credit Union is organized with members, most of whom are employees or former employees of the City of El Monte, businesses (including their employees) belonging to the Chamber of Commerce of El Monte, South El Monte, and Baldwin Park, and their qualifying family members. Form 990, Part VI, Section A, Line 7a The members elect the board of directors. Form 990, Part VI, Section A, Line 7b Certain decisions require membership approval as provided in the corporate bylaws. Form 990, Part VI, Section B, Line 11b THE RETURN PREPARER E-MAILS A DRAFT OF THE FORM 990 TO THE CEO FOR REVIEW.THE AUDITOR AND DESIGNATED INDIVIDUAL(S) REVIEW THE DRAFT AND PRESENT ANYQUESTIONS, COMMENTS, OR CORRECTIONS TO THE RETURN PREPARER. UPON SATISFACTORYCOMPLETION OF THE FORM 990, THE ORGANIZATION'S AUTHORIZED INDIVIDUAL SIGNS THEAPPROPRIATE SIGNATURE FORM(S) TO AUTHORIZE THE ELECTRONIC FILING OF THE RETURN. ACOPY OF THE FORM 990, AS FILED, IS PROVIDED BY THE RETURN PREPARER TO THEORGANIZATION'S CEO OR OTHER DESIGNATED INDIVIDUAL(S). Form 990, Part VI, Section B, Line 15a Yes, reviewed peer data and reviewed work performance is used to determine compensation. Form 990, Part VI, Section B, Line 15b Yes, reviewed peer data and reviewed work performance is used to determine compensation. Form 990, Part VI, Section C, Line 19 Financial statements are posted in the lobby.