Nonprofit · EIN 94-1019805
CREDIT UNIONS IN THE STATE OF CALIFORNIA
Also known as FIRST US COMMUNITY CREDIT UNION
Tax-exempt · SACRAMENTO, CA 95825
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $24,461,143 | $23,703,279 | $757,864 | $537,733,751 | $482,574,637 | $55,159,114 |
| December 31, 2023 | 990 | $22,613,164 | $19,950,874 | $2,662,290 | $535,921,532 | $483,107,893 | $52,813,639 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $20,482,110
- Investment income
- $3,979,033
- Net gain from sales of assets
- -$137,335
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,566,591
- Other salaries and wages
- $5,081,535
- Salaries, compensation and benefits (total)
- $8,205,554
- Professional fundraising fees
- $0
- Legal fees
- $25,546
- Accounting fees
- $125,841
- Occupancy
- $598,658
- Travel
- $157,903
- Depreciation
- $150,357
Balance sheet and other
- Total assets, start of year
- $535,921,532
- Total assets, end of year
- $537,733,751
- Total liabilities, end of year
- $482,574,637
- Net assets, end of year
- $55,159,114
- Land, buildings and equipment
- $3,235,125
- Gross unrelated business income
- $158,899
- Gross receipts
- $25,272,444
- Employees
- 111
- Volunteers
- 11
- Year formed
- 1936
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHONNA SHEARSON | PRESIDENT/CEO Officer | 40 | $493,556 | $56,278 |
| JULIE AINSWORTH | SVP/COO Key employee | 40 | $248,294 | $51,240 |
| JEFFREY CRUMP | FORMER SVP/CFO Officer | 40 | $252,956 | $10,225 |
| JANCE DALTON | SVP/CIO Key employee | 40 | $212,415 | $6,236 |
| PATRICIA JEAN SHEPHERD | VP/OPERATIONS Highest-paid employee | 40 | $153,066 | $17,894 |
| DIANA LA POINT | SVP/MARKETING Key employee | 40 | $151,224 | $18,572 |
| JOSEPH KLEEMANN | VP/RE LENDING Highest-paid employee | 40 | $139,751 | $24,061 |
| TIMOTHY PEARSALL | SENIOR SYSTEMS ADMIN Highest-paid employee | 40 | $123,988 | $26,217 |
| GAIL JONES | VP/ACCOUNTING Highest-paid employee | 40 | $140,180 | $6,606 |
| ROBERT MILLER | VP/BUSINESS SVCS Highest-paid employee | 40 | $126,797 | $11,338 |
| TYLER WELCH | SVP/CFO Officer | 40 | $62,613 | $2,984 |
| DENNIS COOK | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| VASANTHA ESWARA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JAMES GOMES | VICE CHARIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| NANCY LEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN MCDOUGAL | TREASURER Trustee or director, Officer | 1 | $0 |
| CELESTE MARTINEZ | DIRECTOR Trustee or director | 1 | $0 |
| CLARENCE PERKINS | FORMER DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN SERFOZO | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAROL HAUCK | FORMER PRESIDENT/CEO Officer | 40 | $411,386 | $56,034 |
| SHONNA SHEARSON | PRESIDENT/CEO Officer | 40 | $228,325 | $37,335 |
| JULIE AINSWORTH | SVP/COO Key employee | 40 | $168,606 | $43,214 |
| JEFFREY CRUMP | SVP/CFO Officer | 40 | $178,777 | $32,408 |
| JANCE DALTON | SVP/CIO Key employee | 40 | $180,159 | $21,609 |
| JOSEPH KLEEMANN | VP RE LENDING Highest-paid employee | 40 | $136,043 | $42,715 |
| PATRICIA JEAN SHEPHERD | VP/MEMBER SVC Highest-paid employee | 40 | $143,289 | $29,720 |
| TIMOTHY PEARSALL | SENIOR SYSTEMS ADMIN Highest-paid employee | 40 | $116,025 | $35,285 |
| ROBERT MILLER | VP/BUSINESS Highest-paid employee | 40 | $120,064 | $21,110 |
| DANIEL ADAMSON | FORMER VP MARKETING Highest-paid employee | 40 | $105,397 | $25,265 |
| DICK COCHRAN | FORMER DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENNIS COOK | VICE CHAIRMAN Trustee or director | 1 | $0 | $0 |
| BRIAN DOYLE | FORMER SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| VASANTHA ESWARA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JAMES GOMES | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| NANCY LEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN MCDOUGAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CLARENCE PERKINS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 580 UNIVERSITY AVE, SACRAMENTO, CA 95825-6504
- In care of
- % ACCOUNTING DEPT
- Principal officer (990 for 2024)
- SHONNA SHEARSON, 580 UNIVERSITY AVE, SACRAMENTO, CA 958256512
- Signed the 990
- TYLER WELCH, SVP/CFO
- Phone
- (916) 576-5700
- Website
- WWW.FIRSTUS.ORG
- Return prepared by
- RSM US LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-1019805 or by the name CREDIT UNIONS IN THE STATE OF CALIFORNIA.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
FIRST US COMMUNITY CREDIT UNION IS A MEMBER-OWNED FINANCIAL INSTITUTION. OUR MISSION IS TO MAKE A DIFFERENCE IN OUR COMMUNITIES WITH FINANCIAL SERVICES THAT HELP OUR MEMBERS ENHANCE THEIR LIVES.
Program accomplishments
- FOR OVER 88 YEARS, FIRST US COMMUNITY CREDIT UNION (THE CREDIT UNION) HAS PROVIDED LENDING PRODUCTS AND SERVICES TO ITS MEMBERS. THE CREDIT UNION SERVES ANYONE WHO LIVES, WORKS, OR WORSHIPS (INCLUDING STATEWIDE CURRENT AND RETIRED FEDERAL EMPLOYEES AND THEIR FAMILIES) IN 12 COUNTIES IN THE GREATER SACRAMENTO, CA REGION. A WIDE RANGE OF LOAN PRODUCTS AND SERVICES ARE OFFERED INCLUDING RESIDENTIAL AND COMMERCIAL REAL ESTATE, COMMERCIAL BUSINESS (I.E., SBA), VEHICLE, AND OTHER CONSUMER LOANS. TOTAL ASSETS AT DECEMBER 2024 WERE APPROXIMATELY $538 MILLION.
- IN ADDITION TO LENDING PRODUCTS, FIRST US COMMUNITY CREDIT UNION (THE CREDIT UNION) ALSO OFFERS A WIDE RANGE OF DEPOSIT PRODUCTS AND SERVICES INCLUDING SHARE, CHECKING, CERTIFICATES OF DEPOSIT, AND RETIREMENT ACCOUNTS. THE CREDIT UNION MEMBERS HAVE ACCOUNT SERVICES ACCESS VIA SIX FULL SERVICE RETAIL BRANCHES AS WELL AS NATIONWIDE ACCESS THROUGH SHARED BRANCHING AND VIA >25,000 ATM'S IN THE CO-OP NETWORK. AS OF DECEMBER 2024, THE CREDIT UNION HAD 28,232 MEMBERS WITH APPROXIMATELY $478 MILLION IN DEPOSIT ACCOUNTS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 94-1019805
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1961
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1526: CREDIT UNIONS IN THE STATE OF CALIFORNIA
- Assets (IRS master file)
- $537,733,751
- Income (IRS master file)
- $25,272,444
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $24,461,143 | $23,703,279 | $537,733,751 | IRS |
| 990 | December 2023 | $22,613,164 | $19,950,874 | $535,921,532 | XML |
| 990 | December 2022 | $17,991,070 | $14,063,521 | $541,542,858 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-1019805).
Questions about CREDIT UNIONS IN THE STATE OF CALIFORNIA
- What is the EIN of CREDIT UNIONS IN THE STATE OF CALIFORNIA?
- The employer identification number (EIN) of CREDIT UNIONS IN THE STATE OF CALIFORNIA is 94-1019805.
- Is CREDIT UNIONS IN THE STATE OF CALIFORNIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1961.
- Are donations to CREDIT UNIONS IN THE STATE OF CALIFORNIA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CREDIT UNIONS IN THE STATE OF CALIFORNIA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CREDIT UNIONS IN THE STATE OF CALIFORNIA due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CREDIT UNIONS IN THE STATE OF CALIFORNIA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CREDIT UNIONS IN THE STATE OF CALIFORNIA?
- The 990 for the year ended December 31, 2024 names SHONNA SHEARSON.
- Who are the officers and directors of CREDIT UNIONS IN THE STATE OF CALIFORNIA?
- The 990 for the year ended December 31, 2024 lists 19 people; 11 received compensation from the organization, the highest $493,556 (SHONNA SHEARSON, PRESIDENT/CEO).
- How much revenue does CREDIT UNIONS IN THE STATE OF CALIFORNIA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $24,461,143, expenses of $23,703,279 and total assets of $537,733,751 at year end.
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