Nonprofit · EIN 95-1442156
E-CENTRAL CREDIT UNION
Tax-exempt · PASADENA, CA 91105
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,617,693 | $8,728,953 | $1,888,740 | $169,203,207 | $130,799,866 | $38,403,341 |
| December 31, 2023 | 990 | $11,789,670 | $8,021,497 | $3,768,173 | $172,452,151 | $134,822,350 | $37,629,801 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $8,316,457
- Investment income
- $1,512,203
- Other revenue
- $789,033
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,542,310
- Other salaries and wages
- $1,414,204
- Salaries, compensation and benefits (total)
- $3,786,478
- Professional fundraising fees
- $0
- Legal fees
- $79,060
- Accounting fees
- $81,000
- Occupancy
- $391,315
- Travel
- $317,381
- Depreciation
- $137,487
Balance sheet and other
- Total assets, start of year
- $172,452,151
- Total assets, end of year
- $169,203,207
- Total liabilities, end of year
- $130,799,866
- Net assets, end of year
- $38,403,341
- Land, buildings and equipment
- $4,086,111
- Gross unrelated business income
- $30,434
- Gross receipts
- $10,617,693
- Employees
- 43
- Volunteers
- 10
- Year formed
- 1943
- 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 |
|---|---|---|---|---|
| MICHAEL THEODORE | PRESIDENT/CEO Officer | 40 | $631,170 | $57,162 |
| LOH JEN SY | SVP/CCO Officer | 40 | $194,713 | $45,372 |
| SILVIO JORGE | VP/CFO Officer | 40 | $160,332 | $37,545 |
| EVAN HITCHCOCK | VP OPS Highest-paid employee | 40 | $157,935 | $39,628 |
| JOSE DAVILA | VP OF IT Highest-paid employee | 40 | $136,315 | $38,040 |
| SUSAN BROWN | EXEC. ASST. Highest-paid employee | 40 | $136,967 | $22,606 |
| JENNIFER GIN | VP OF CL Highest-paid employee | 40 | $122,478 | $35,091 |
| DENNIS MAGALDI | SECRETARY/TREASURER Trustee or director | 2 | $2,400 | $0 |
| MARK GARMUS | BOARD CHAIRPERSON Trustee or director | 5 | $0 | $0 |
| DOMINICK EDWARDS | BOARD VICE CHAIRPERSON Trustee or director | 2 | $0 | $0 |
| STEPHEN HENSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GLENDA GILES-LUICK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RICHARD HONORE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TREVOR KALE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JON OLIVER | SUPV CMTE CHAIR Trustee or director | 2 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CORBET WILCOX | SUPV CMTE MEMBER Trustee or director | 2 | $0 |
| JAMES GREENBAUM | SUPV CMTE MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL THEODORE | PRESIDENT/CEO Officer | 40 | $454,052 | $48,489 |
| LOH JEN SY | SVP/CCO Officer | 40 | $177,546 | $41,026 |
| SILVIO JORGE | VP/CFO Officer | 40 | $149,993 | $32,620 |
| SUSAN BROWN | EXEC. ASST. Highest-paid employee | 40 | $142,521 | $30,957 |
| EVAN HITCHCOCK | VP OPS Highest-paid employee | 40 | $139,374 | $31,742 |
| JOSE DAVILA | VP OF IT Highest-paid employee | 40 | $124,106 | $34,973 |
| JENNIFER GIN | VP OF CL Highest-paid employee | 40 | $119,907 | $30,765 |
| DENNIS MAGALDI | SECRETARY/TREASURER Trustee or director | 2 | $2,400 | $0 |
| MARK GARMUS | BOARD CHAIRPERSON Trustee or director | 5 | $0 | $0 |
| DOMINICK EDWARDS | BOARD VICE CHAIRPERSON Trustee or director | 2 | $0 | $0 |
| STEPHEN HENSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GLENDA GILES-LUICK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RICHARD HONORE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TREVOR KALE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JON OLIVER | SUPV CMTE CHAIR Trustee or director | 3 | $0 | $0 |
| CORBET WILCOX | SUPV CMTE MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES GREENBAUM | SUPV CMTE MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 990 S FAIR OAKS AVE, PASADENA, CA 91105-2626
- Principal officer (990 for 2024)
- MIKE THEODORE, 990 SOUTH FAIR OAKS AVENUE, PASADENA, CA 911052626
- Signed the 990
- MIKE THEODORE, PRESIDENT/CEO
- Phone
- (626) 799-6000
- Website
- WWW.ECENTRALCU.ORG
- Return prepared by
- TURNER WARREN HWANG & CONRAD ACCTCY
California records
California keeps its own records of charities and corporations. Search them by EIN 95-1442156 or by the name E-CENTRAL CREDIT UNION.
- 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
E-CENTRAL CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVING AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, E-CENTRAL CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNING, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.
Program accomplishments
- OUR REAL ESTATE PROGRAM AND MEMBER BUSINESS LENDING (MBL) PROGRAMS CONTINUE TO PROVIDE VALUE TO OUR MEMBERSHIP. WE FOCUS ON PROVIDING PERSONALIZED SERVICES COUPLED WITH COMPETITIVE PRICING. THROUGH OUR TRUSTED BRAND, MEMBERS CAN TAKE SOLACE THAT THEY ARE WORKING WITH A REPUTABLE LENDER.
- OFFERING A VAST ARRAY OF DYNAMIC ONLINE SERVICES IS CENTRAL TO E-CENTRAL'S STRATEGIC PLAN TO ALLOW MEMBERS TO ACCESS THEIR ACCOUNT ANYTIME, ANYWHERE. THIS IS AN IMPORTANT INITIATIVE TO REMAIN COMPETITIVE, IMPROVE OPERATIONAL EFFICIENCIES, AND TO RETAIN MEMBERS. OUR SUITE OF FREE E-SERVICES INCLUDES ONLINE BANKING, MOBILE BANKING, BILL PAY, PERSONAL FINANCIAL MANAGEMENT TOOLS, ACCOUNT-TO-ACCOUNT TRANSFERS, REMOTE CHECK DEPOSIT AND A NUMBER OF OTHER SERVICES.
- E-CENTRAL OFFERS A SUITE OF AFFORDABLE CHECKING ACCOUNTS THAT INCLUDE A NUMBER OF FREE SERVICES, SUCH AS DEBIT CARDS AND A SUITE OF ONLINE SERVICES. THE CREDIT UNION CONTINUES TO SEE CHECKING ACCOUNT PENETRATION INCREASE, CHECKING OVERALL BALANCES INCREASE AND DEBIT CARD TRANSACTIONS INCREASE EACH YEAR. MEMBERS VALUE OUR LOW-COST SOLUTION AS THEY LOOK TO SAVE MONEY EVERY DAY.
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
- 95-1442156
- 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)
- $169,203,207
- Income (IRS master file)
- $10,617,693
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10,617,693 | $8,728,953 | $169,203,207 | IRS |
| 990 | December 2023 | $11,789,670 | $8,021,497 | $172,452,151 | XML |
| 990 | December 2022 | $8,949,930 | $7,392,790 | $182,628,434 | 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 95-1442156).
Questions about E-CENTRAL CREDIT UNION
- What is the EIN of E-CENTRAL CREDIT UNION?
- The employer identification number (EIN) of E-CENTRAL CREDIT UNION is 95-1442156.
- Is E-CENTRAL CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1961.
- Are donations to E-CENTRAL CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does E-CENTRAL CREDIT UNION 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 E-CENTRAL CREDIT UNION 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 E-CENTRAL CREDIT UNION 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 E-CENTRAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 names MIKE THEODORE.
- Who are the officers and directors of E-CENTRAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 17 people; 8 received compensation from the organization, the highest $631,170 (MICHAEL THEODORE, PRESIDENT/CEO).
- How much revenue does E-CENTRAL CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10,617,693, expenses of $8,728,953 and total assets of $169,203,207 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
- CREDIT UNIONS IN THE STATE OF CALIFORNIA EIN 95-1288265 · last filed 990 for 2024
- 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