2025-11-17T16:24:42-08:00 2024-12-31 RICHARDS & ASSOCIATES 21520 YORBA LINDA BLVD G-516 YORBA LINDA CA 92887 990 2024-01-01 956062634 SLO Credit Union SLOC 8055435839 1220 Osos Street San Luis Obispo CA 93401 Donna Severs CEO 2025-11-17 true true Richards Associates CPAs P01070543 7142876713 2024 2025-03-06 01:10:19Z Donna Severs 1220 Osos Street San Luis Obispo CA 93401 1343991 false X www.slocu.com X 1953 CA Non-profit, State-Chartered, Natural Person Credit Union. Provide competitive financial services to the members of SLO Credit Union. 7 7 8 10 0 0 925214 986438 302565 308678 -44384 48875 1183395 1343991 0 232079 303341 481167 561490 0 0 452458 757810 1165704 1622641 17691 -278650 35135863 33135951 30896770 28778456 4239093 4357495 Non-profit, State-Chartered, Natural Person Credit Union. Provide competitive financial services to the members of SLO Credit Union. false false Provided deposit and loan accounts to 1,565 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 56 0 true 8 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 false true true true false true true true true false X Donna Severs 8055435839 1220 Osos Street San Luis Obispo CA 93401 X Ora Sue Fellows Board Member 0.50 0.00 X 0 0 0 Caryn Maddalena Board Member 0.50 0.00 X 0 0 0 Ann Hall Chairperson 0.50 0.00 X 0 0 0 James Gater Vice Chair Pers 0.50 0.00 X 0 0 0 Matt Jansen Board Member 0.50 0.00 X 0 0 0 Steve Senet Secretary/Treas 0.50 0.00 X 0 0 0 Carl Nelson Board Member 0.50 0.00 X 0 0 0 Ken Finney SC Chairman 0.50 0.00 X 0 0 0 Rachel Gerber SC Member 0.50 0.00 X 0 0 0 Vince Morici SC Member 0.50 0.00 X 0 0 0 Dane Smith CFO 40.00 0.00 X 0 0 0 Donna Severs CEO 40.00 0.00 X 0 0 0 0 false false false 0 0 Interest on Loans 986438 986438 986438 308678 308678 0 0 0 0 0 0 0 Fee Income 10478 10478 Gain (Loss) on Investments Other Operating Income 38397 38397 48875 1343991 1343991 0 0 0 303341 235810 0 325680 0 0 0 0 0 0 0 0 0 56592 89257 307516 0 0 60666 6029 0 0 1757 0 0 0 Provision for Loan & Lease Lo 145170 Misc. Non Interest Expense 37056 Loan Servicing Fees 32943 Operating Fees 20824 0 1622641 0 0 0 260379 239736 3631370 1672342 0 0 0 0 18414442 17724248 0 0 557744 514488 557744 0 0 11607394 12187873 0 707790 754008 35135863 33135951 23877 -22109 30872893 28800565 30896770 28778456 X 4239093 4357495 4239093 4357495 35135863 33135951 X -278650 397052 X false true X true false 557744 557744 557744 12187873 IRA/KEOGH Accounts 1424291 Regular Shares 16246170 Rounding 3 Share Certificates 8345760 Share Drafts 2784341 28800565 Form 990, Part VI, Section A, Line 6 Most members are California State Employees Association members of chapters in the counties of San Luis Obispo, Santa Barbara, Monterey and San Benito, Federal Government civilian employees who work in San Luis Obispo County or have headquarters in the city of Santa Maria, employees or former employees from the Union Oil Company and its subsidiaries, who work or have headquarters in the companys northern division of California state, individuals who live, regularly work, attend school, or worship in San Luis Obispo County, and their qualifying family members. Form 990, Part VI, Section A, Line 7a Members are entitled to vote in the annual elections of the Board of Directors and on other corporate matters. Form 990, Part VI, Section A, Line 7b Members are entitled to vote in the annual elections of the Board of Directors and on other corporate matters. Form 990, Part VI, Section B, Line 11b THE RETURN PREPARER E-MAILS A DRAFT OF THE FORM 990 TO A DESIGNATED OFFICER AND/OR CEO OF THE CREDIT UNION FOR REVIEW. THE DESIGNATED OFFICER AND/OR CEO SENDS A COPY TO THE BOARD OF DIRECTOR (S). THE DESIGNATED INDIVIDUAL(S) REVIEW THE DRAFT AND PRESENT ANY QUESTIONS, COMMENTS, OR CORRECTIONS TO THE RETURN PREPARER. UPON SATISFACTORY COMPLETION OF THE FORM 990, THE ORGANIZATION'S AUTHORIZED INDIVIDUAL SIGNS THE APPROPRIATE SIGNATURE FORM(S) TO AUTHORIZE THE ELECTRONIC FILING OF THE RETURN. A COPY 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 THE SALARY FOR THE CEO COMPENSATION FOR THE FIRST FOUR YEARS IS SET WITHIN THE CEO CONTRACT. THE FOLLOWING WAS TAKEN INTO CONSIDERATION BY THE HUMAN RESOURCE COMMITTEE IN DEVELOPING THE CEO COMPENSATION: INDUSTRY SALARY SURVEY, ASSET SIZE OF THE CREDIT UNION, EXPERIENCE LEVEL OF THE EMPLOYEE, COST OF LIVING FOR THE GEOGRAPHIC AREA, AND THE CREDIT UNION'S ABILITY TO PAY THE SALARY. ANY SUCCEEDING SALARY INCREASES ARE AT THE DISCRETION OF THE BOARD OF DIRECTORS BASED ON PERFORMANCE AS DOCUMENTED IN THE ANNUAL PERFORMANCE EVALUATION. Form 990, Part VI, Section B, Line 15b THE FOLLOWING WAS TAKEN INTO CONSIDERATION BY THE HUMAN RESOURCE COMMITTEE IN DEVELOPING EACH EMPLOYEE COMPENSATION: INDUSTRY SALARY SURVEY, ASSET SIZE OF THE CREDIT UNION, EXPERIENCE LEVEL OF THE EMPLOYEE, COST OF LIVING FOR THE GEOGRAPHIC AREA, AND THE CREDIT UNION'S ABILITY TO PAY THE SALARY. ANY SUCCEEDING SALARY INCREASES ARE AT THE DISCRETION OF THE BOARD OF DIRECTORS BASED ON PERFORMANCE AS DOCUMENTED IN THE ANNUAL PERFORMANCE EVALUATION. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE ACCESSIBLE ONLINE VIA WWW.NCUA.GOV AND UPON REQUEST. Form 990, Part XI, Line 9 Accumulated Unrealized Gains on Available for Sale Debt Secu = $397052