Nonprofit · EIN 95-1288265
CREDIT UNIONS IN THE STATE OF CALIFORNIA
Also known as WESCOM CENTRAL CREDIT UNION
Tax-exempt · PASADENA, CA 91101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $364,119,242 | $350,538,558 | $13,580,684 | $6,275,057,953 | $5,995,147,899 | $279,910,054 |
| December 31, 2023 | 990 | $323,535,060 | $299,665,086 | $23,869,974 | $5,820,504,418 | $5,569,859,052 | $250,645,366 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $254,320,543
- Investment income
- $109,798,699
- Net gain from sales of assets
- $1,096,069
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,046,675
- Compensation of officers, directors and key employees
- $13,535,481
- Other salaries and wages
- $81,333,205
- Salaries, compensation and benefits (total)
- $116,117,562
- Professional fundraising fees
- $0
- Legal fees
- $708,494
- Accounting fees
- $327,561
- Occupancy
- $12,834,091
- Travel
- $2,084,110
- Depreciation
- $16,963,177
Balance sheet and other
- Total assets, start of year
- $5,820,504,418
- Total assets, end of year
- $6,275,057,953
- Total liabilities, end of year
- $5,995,147,899
- Net assets, end of year
- $279,910,054
- Land, buildings and equipment
- $82,556,385
- Publicly traded securities
- $2,226,153,929
- Gross unrelated business income
- $7,110,642
- Gross receipts
- $789,489,630
- Employees
- 1,094
- Volunteers
- 16
- Year formed
- 1934
- 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 |
|---|---|---|---|---|
| WILLIAMS DARREN | PRESIDENT/CEO Officer | 40 | $1,426,925 | $1,330,561 |
| PIPES KEITH | EXECUTIVE VP AND COO Officer | 40 | $694,360 | $73,588 |
| PELLISSERY JOSEPH | SENIOR VP TECHNOLOGY/CIO Officer | 40 | $532,718 | $145,216 |
| YU IRVING | SENIOR VP FINANCE/CFO Officer | 40 | $510,909 | $137,418 |
| FORRESTER HASHIM | SENIOR VP REMOTE SERVICE DELIVERY Key employee | 40 | $476,737 | $124,385 |
| PEDERSON MELISSA | SENIOR VP ADMINISTRATION Key employee | 40 | $498,304 | $102,002 |
| ALLEN JONATHON | SENIOR VP FINANCIAL SERVICE Key employee | 40 | $449,694 | $129,182 |
| HOLLIS CARINA | SENIOR VP & GENERAL COUNSEL Key employee | 40 | $470,557 | $81,161 |
| WELCH ADRIANA | SENIOR VP BRANCH OPERATION Key employee | 40 | $420,087 | $105,813 |
| THOMAS CHARLES UNTIL 12024 | SENIOR VP CHIEF LENDING OFFICER Key employee | 40 | $464,656 | $26,493 |
| THIEU TRUONG | FINANCIAL ADVISOR Highest-paid employee | 40 | $434,717 | $33,712 |
| WHITE ASHLEY | SENIOR VP CHIEF MARKETING OFFICER Key employee | 40 | $349,810 | $82,861 |
| LAW CINDY CHING-CHING | VP FINANCE Key employee | 40 | $337,453 | $73,138 |
| REDDI DESIGAN | VP IT OPERATIONS AND ARCHITECTURE Key employee | 40 | $332,318 | $67,503 |
| WINKLER STEPHANIE | VP HUMAN CAPITAL & DEVELOPMENT Key employee | 40 | $356,027 | $40,088 |
25 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BAUMAN JONATHON | VP LOAN SERVICING AND DEFAULT MGMT Key employee | 40 | $329,555 | $51,593 |
| PACHECO MAGGIE | VP MORTGAGE LENDING Key employee | 40 | $320,690 | $55,713 |
| KOKONYAN GARY | VP BUSINESS ANALYTICS Key employee | 40 | $302,411 | $73,738 |
| SMRCKA JEFF | VP CONSUMER LENDING Key employee | 40 | $299,838 | $73,538 |
| DY-RAGOS MARK | VP INFORMATION SECURITY Key employee | 40 | $293,844 | $73,738 |
| THOMPSON LISA | VP ENTERPRISE RISK Key employee | 40 | $319,757 | $40,257 |
| LOPEZ VICTOR | VP BRANCH OPERATIONS Key employee | 40 | $318,138 | $33,644 |
| CERWINSKI DAVID | VP CORPORATE DEVELOPMENT Key employee | 40 | $290,670 | $51,157 |
| HOSHIDE DARREN | VP BRANCH OPERATIONS Key employee | 40 | $304,322 | $32,085 |
| SEDLAK BRIAN | VP INFORMATION TECHNOLOGY Key employee | 40 | $292,340 | $39,898 |
| RUBIA PHILIP | FINANCIAL ADVISOR Highest-paid employee | 40 | $295,698 | $32,433 |
| GERSTENACKER KARL | FINANCIAL ADVISOR Highest-paid employee | 40 | $260,078 | $38,334 |
| FRENCH BARRIE | DIRECTOR INVESTMENTS Highest-paid employee | 40 | $237,046 | $51,870 |
| YEE NORMAN | FINANCIAL ADVISOR Highest-paid employee | 40 | $235,697 | $46,650 |
| DANIEL KRAUS | SECRETARY Trustee or director, Officer | 2 | $18,552 | $0 |
| GINA FRIEDRICH | BOARD MEMBER Trustee or director | 2 | $15,957 | $0 |
| RON FISCHER | BOARD MEMBER Trustee or director | 2 | $13,796 | $0 |
| NOEL ROSS | CHAIRMAN Trustee or director, Officer | 2 | $12,175 | $0 |
| HANI BHIMIJI | VICE CHAIRMAN Trustee or director, Officer | 2 | $11,040 | $0 |
| DAVID PEREZ | TREASURER Trustee or director, Officer | 2 | $8,763 | $0 |
| BRAD SELBY | BOARD MEMBER Trustee or director | 2 | $7,285 | $0 |
| JEFF LUONG | BOARD MEMBER Trustee or director | 2 | $4,676 | $0 |
| JESSICA GUTIERREZ | BOARD MEMBER Trustee or director | 2 | $2,914 | $0 |
| NORMA GARCIA GUILLEN | BOARD MEMBER Trustee or director | 2 | $2,218 | $0 |
| POURIA ABBASI | BOARD MEMBER Trustee or director | 2 | $1,214 | $0 |
990 for the year ended December 31, 2023: 39 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAMS DARREN | PRESIDENT/CEO Officer | 40 | $4,496,966 | $1,327,102 |
| PIPES KEITH | EXECUTIVE VP AND COO Officer | 40 | $1,053,709 | $67,987 |
| PELLISSERY JOSEPH | SENIOR VP TECHNOLOGY/CIO Officer | 40 | $589,306 | $130,621 |
| YU IRVING | SENIOR VP FINANCE/CFO Officer | 40 | $576,697 | $131,817 |
| PEDERSON MELISSA | SENIOR VP ADMINISTRATION Key employee | 40 | $521,141 | $99,271 |
| ALLEN JONATHON | SENIOR VP FINANCIAL SERVICES AND DEPOSIT OPERATION Key employee | 40 | $478,373 | $125,214 |
| FORRESTER HASHIM | SENIOR VP REMOTE SERVICE DELIVERY Key employee | 40 | $516,007 | $65,069 |
| THOMAS CHARLES | SENIOR VP CHIEF LENDING OFFICER Key employee | 40 | $515,396 | $51,745 |
| WELCH ADRIANA | SENIOR VP BRANCH OPERATIONS Key employee | 40 | $442,090 | $104,749 |
| KWE PAN | FINANCIAL ADVISOR Highest-paid employee | 40 | $472,305 | $48,393 |
| HOLLIS CARINA | SENIOR VP AND GENERAL COUNSEL Key employee | 40 | $451,524 | $48,990 |
| LAW CINDY CHING-CHING | VP FINANCE Key employee | 40 | $354,475 | $67,537 |
| WINKLER STEPHANIE | VP HUMAN CAPITAL AND DEVELOPMENT Key employee | 40 | $369,425 | $37,857 |
| REDDI DESIGAN | VP IT OPERATIONS AND ARCHITECTURE Key employee | 40 | $326,197 | $67,891 |
| BAUMAN JONATHON | VP LOAN SERVICING AND DEFAULT MANAGEMENT Key employee | 40 | $343,355 | $49,402 |
| KOKONYAN GARY | VP BUSINESS ANALYTICS Key employee | 40 | $319,337 | $67,987 |
| PACHECO MAGGIE | VP MORTGAGE LENDING Key employee | 40 | $334,005 | $51,745 |
| SMRCKA JEFF | VP CONSUMER LENDING Key employee | 40 | $315,676 | $67,937 |
| THOMPSON LISA | VP ENTERPRISE RISK Key employee | 40 | $336,402 | $38,707 |
| DY-RAGOS MARK | VP INFORMATION SECURITY Key employee | 40 | $310,821 | $50,402 |
| THIEU TRUONG | FINANCIAL ADVISOR Highest-paid employee | 40 | $320,975 | $32,973 |
| DOUGLASS RUSSELL | VP TREASURY Key employee | 40 | $286,847 | $64,937 |
| HOSHIDE DARREN | VP BRANCH OPERATIONS Key employee | 40 | $298,193 | $50,902 |
| RUBIA PHILIP | FINANCIAL ADVISOR Highest-paid employee | 40 | $322,854 | $24,607 |
| LOPEZ VICTOR | VP BRANCH OPERATIONS Key employee | 40 | $314,908 | $30,367 |
| CERWINSKI DAVID | VP CORPORATE DEVELOPMENT AND PRESIDENT WRG Key employee | 40 | $290,966 | $49,568 |
| SEDLAK BRIAN | VP INFORMATION TECHNOLOGY DEVELOPMENT Key employee | 40 | $297,137 | $37,857 |
| THORMAN ASHANA JEFFERSON | WEALTH ADVISOR Highest-paid employee | 40 | $237,579 | $42,744 |
| FRENCH BARRIE | DIRECTOR INVESTMENTS Highest-paid employee | 40 | $224,429 | $47,461 |
| DANIEL KRAUS | SECRETARY Trustee or director, Officer | 2 | $16,991 | $0 |
| RON FISCHER | BOARD MEMBER Trustee or director | 2 | $13,391 | $0 |
| GINA FRIEDRICH | BOARD MEMBER Trustee or director | 2 | $13,229 | $0 |
| NOEL ROSS | CHAIRMAN Trustee or director, Officer | 2 | $12,510 | $0 |
| HANI BHIMIJI | VICE CHAIRMAN Trustee or director, Officer | 2 | $10,523 | $0 |
| BRAD SELBY | BOARD MEMBER Trustee or director | 2 | $8,785 | $0 |
| DAVID PEREZ | TREASURER Trustee or director, Officer | 2 | $7,095 | $0 |
| JEFF LUONG | BOARD MEMBER Trustee or director | 2 | $5,503 | $0 |
| JESSICA GUTIERREZ | BOARD MEMBER Trustee or director | 2 | $3,630 | $0 |
| POURIA ABBASI | BOARD MEMBER Trustee or director | 2 | $1,734 | $0 |
Address and contacts
- Address (IRS master file)
- 123 S MARENGO AVE, PASADENA, CA 91101-2428
- Principal officer (990 for 2024)
- CINDY LAW, 123 SOUTH MARENGO AVENUE, PASADENA, CA 911012428
- Signed the 990
- CINDY LAW, VP/CONTROLLER
- Phone
- (888) 493-7266
- Website
- WWW.WESCOM.ORG
- Return prepared by
- SINGERLEWAK LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 95-1288265 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
THE GENERAL MISSION OF THE CREDIT UNION IS TO PROMOTE THRIFT, HONESTY, INTEGRITY AND A SPIRIT OF SERVICE AMONG ITS MEMBERS. IN ADDITION, THE ORGANIZATION MAKES LOANS TO ITS MEMBERS AT REASONABLE RATES, INVESTS EXCESS LIQUIDITY PRUDENTLY AND WITHIN LIMITS AS PERMITTED BY CALIFORNIA LAW, AND ENGAGES IN ANY OTHER LAWFUL ACTIVITY NOT PROHIBITED BY APPLICABLE LAWS AND REGULATIONS.
Program accomplishments
- THE CREDIT UNION HAD $6.28 BILLION IN ASSETS, $3.35 BILLION IN LOANS AND $4.50 BILLION IN MEMBER DEPOSITS AS OF DECEMBER 31, 2024. THE CREDIT UNION POSTED NET EARNINGS OF $18 MILLION IN 2024.
- THE CREDIT UNION'S 2024 INITIATIVES INCLUDED MEMBERSHIP GROWTH, ENHANCING PRODUCTS AND SERVICES, MORE GROWTH WITH MERGER AND PARTNERSHIPS, INCREASED SERVICE IN OUR COMMUNITIES, DEVELOPMENTS IN DELIVERY CHANNELS, AND LOAN GROWTH.
- THE CREDIT UNION THROUGH ITS EMPLOYEES, MEMBERS, AND WESCOM FOUNDATION SUPPORTED COMMUNITY OUTREACH THROUGHOUT 2024. $1,000,000+ GRANTED TO SUPPORT NON-PROFIT PARTNERS AND NON-PROFIT ORGANIZATION , AND $25,000 DONATED TO NATIONAL MULTIPLE SCLEROSIS SOCIETY.
- THE CREDIT UNION ACQUIRED CENTRAL COAST CREDIT UNION ON APRIL 1, 2024. THE ACQUISITION WAS UNDERTAKEN TO INCREASE EFFICIENCIES TO IMPROVE OVERALL SERVICE TO THE CONSOLIDATED MEMBER BASE. NO CONSIDERATION WAS PAID FOR THE ACQUISITION, YET THE FAIR VALUE OF THE ACQUIRED EQUITY BELOW IS REFLECTIVE OF A HYPOTHETICAL TRANSACTION PRICE. THE CREDIT UNION ASSUMED ALL ASSETS AND LIABILITIES OF THE ACQUIRED INSTITUTION AND ACCOUNTED FOR THE TRANSACTIONS AT FAIR VALUE PURSUANT TO ACQUISITION ACCOUNTING GUIDANCE. THE FAIR VALUE OF THE ACQUIRED ENTITY TOTALED $2,019,038.
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
- 95-1288265
- 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)
- $6,275,057,953
- Income (IRS master file)
- $789,489,630
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $364,119,242 | $350,538,558 | $6,275,057,953 | IRS |
| 990 | December 2023 | $323,535,060 | $299,665,086 | $5,820,504,418 | XML |
| 990 | December 2022 | $290,994,983 | $224,798,968 | $5,648,909,213 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 95-1288265).
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 95-1288265.
- 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 CINDY LAW.
- Who are the officers and directors of CREDIT UNIONS IN THE STATE OF CALIFORNIA?
- The 990 for the year ended December 31, 2024 lists 40 people; 40 received compensation from the organization, the highest $1,426,925 (WILLIAMS DARREN, 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 $364,119,242, expenses of $350,538,558 and total assets of $6,275,057,953 at year end.
Other nonprofits in PASADENA
- CALIFORNIA INSTITUTE OF TECHNOLOGY EIN 95-1643307 · last filed 990 for 2025
- PASADENA HOSPITAL ASSOCIATION LTD EIN 95-1644036 · last filed 990 for 2025
- CALSTART INC EIN 95-4375022 · last filed 990 for 2025
- OPERATING ENGINEERS HEALTH & WELFARE FUND EIN 95-6034886 · last filed 990 for 2025
- TEAMSTERS MISCELLANEOUS SECURITY FUND EIN 95-6060502 · last filed 990 for 2025
- CALIFORNIA IRONWORKERS FIELD WELFARE PLAN EIN 95-6042868 · last filed 990 for 2025
- ART CENTER COLLEGE OF DESIGN EIN 95-1921340 · last filed 990 for 2025
- SOUTHERN CALIFORNIA IBEW-NECA HEALTH TRUST FUND EIN 95-6140101 · last filed 990 for 2025