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Nonprofit · EIN 95-2021710

NIKKEI CREDIT UNION

Tax-exempt · GARDENA, CA 90248

Financials

$3.7M$3M2023$3.8M$3.5M2024
Revenue Expenses · by fiscal year end
Financials of NIKKEI CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,753,756$3,495,212$258,544$81,766,148$70,598,244$11,167,904
December 31, 2023990$3,654,164$3,033,173$620,991$87,650,876$76,834,542$10,816,334
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$3,025,446
Investment income
$515,200
Other revenue
$213,110

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$782,939
Compensation of officers, directors and key employees
$335,987
Other salaries and wages
$1,053,472
Salaries, compensation and benefits (total)
$1,389,459
Professional fundraising fees
$0
Occupancy
$341,172
Travel
$52,390

Balance sheet and other

Total assets, start of year
$87,650,876
Total assets, end of year
$81,766,148
Total liabilities, end of year
$70,598,244
Net assets, end of year
$11,167,904
Land, buildings and equipment
$611,763
Gross unrelated business income
$2,135
Gross receipts
$3,753,756
Employees
17
Volunteers
9
Year formed
1951
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.

NameTitleHours / weekCompensationOther / benefits
JON HERNANDEZCEO
Officer
16$180,802$10,407
JAY LEEVice President
Officer
39$155,868$8,782
GARY NAKATABoard Chair
Trustee or director
16$0$0
Alyssa Tanaka PhomBoard Vice Chai
Trustee or director
3$0$0
RYAN SUZUKIBoard Secretary
Trustee or director
3$0$0
GLENN MATSUSHIMABoard Treasurer
Trustee or director
4$0$0
Kenneth MatsunoBOARD MEMBER
Trustee or director
3$0$0
KAREN YOSHIMURASC CHAIR
Trustee or director
2$0$0
JAMES KAWASHIMASC Member
Trustee or director
2$0$0
Caryn Sugita RichieSC MEMBER
Trustee or director
2$0$0
MASAHIDE NAKAGAWASC MEMBER
Trustee or director
2$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
JON HERNANDEZCEO
Officer
16$169,128$9,629
JAY LEEVice President
Officer
39$149,485$8,520
GARY NAKATABoard Chair
Trustee or director
16$0$0
Alyssa Tanaka PhomBoard Vice Chai
Trustee or director
4$0$0
RYAN SUZUKIBoard Secretary
Trustee or director
4$0$0
GLENN MATSUSHIMABoard Treasurer
Trustee or director
5$0$0
Kenneth MatsunoBOARD MEMBER
Trustee or director
3$0$0
KAREN YOSHIMURASC CHAIR
Trustee or director
3$0$0
JAMES KAWASHIMASC Member
Trustee or director
2$0$0
Caryn Sugita RichieSC MEMBER
Trustee or director
1$0$0
MASAHIDE NAKAGAWASC MEMBER
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
18425 S WESTERN AVE, GARDENA, CA 90248-3822
Principal officer (990 for 2024)
JON HERNANDEZ, 18425 S WESTERN AVE, GARDENA, CA 902483822
Signed the 990
JAY LEE, Vice President
Phone
(310) 324-1544
Return prepared by
RICHARDS & ASSOCIATES

California records

California keeps its own records of charities and corporations. Search them by EIN 95-2021710 or by the name NIKKEI CREDIT UNION.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • Provided deposit and loan accounts to 4,426 members. Provided low cost source of credit and low cost financial services to our members. Provided source for member savings and checking account needs.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
95-2021710
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
Assets (IRS master file)
$81,766,148
Income (IRS master file)
$3,753,756

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,753,756$3,495,212$81,766,148XML
990December 2023$3,654,164$3,033,173$87,650,876XML
990December 2022$2,876,355$2,275,025$90,027,226IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 95-2021710).

Questions about NIKKEI CREDIT UNION

What is the EIN of NIKKEI CREDIT UNION?
The employer identification number (EIN) of NIKKEI CREDIT UNION is 95-2021710.
Is NIKKEI CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1961.
Are donations to NIKKEI CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does NIKKEI 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 NIKKEI 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 NIKKEI 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 NIKKEI CREDIT UNION?
The 990 for the year ended December 31, 2024 names JON HERNANDEZ.
Who are the officers and directors of NIKKEI CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $180,802 (JON HERNANDEZ, CEO).
How much revenue does NIKKEI CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,753,756, expenses of $3,495,212 and total assets of $81,766,148 at year end.

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