MERIWEST CREDIT UNION Charity Report

Tax-exempt status may be revoked

MERIWEST CREDIT UNION

EIN 94-1521987 · Public & Societal Benefit (W610)

What they do

MERIWEST CREDIT UNION is A COOPERATIVE, ORGANIZED for THE PURPOSE of PROMOTING THRIFT and SAVINGS 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, MERIWEST CREDIT UNION CONDUCTS ITS BUSINESS for THE MUTUAL BENEFIT and GENERAL WELFARE of ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, or SERVICES of THE CREDIT UNION BEING DISTRIBUTED to ITS MEMBERS AS PATRONS.

Before you give

Should I give to this charity?

Easy charity check

Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders29 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$95.00spent for every $100 of revenueRevenue covered expenses this year.

$20.00in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $637,654 for LISA MARIE PESTA (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$110,386,749

Expenses$104,869,185

Annual surplus $5,517,564 Revenue was higher than expenses for this filing year.

See all reported dollar amounts

Revenue$110,386,749

Expenses$104,869,185

Assets$2,097,171,871

Income$110,386,749

Grants given$87,575

Average grant$7,961

Stocks and bonds$284,966,466

Accounting fees$318,116

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

LISA MARIE PESTAPRESIDENT/CEO · 40 hrs/week $637,654Base $607,283 · Other $30,371

BRIAN HENNESSEYSVP, CHIEF FINANCIAL OFFICER · 40 hrs/week $504,464Base $453,159 · Other $51,305

CHAD MAZESVP, CHIEF OPERATING OFFICER · 40 hrs/week $444,315Base $394,390 · Other $49,925

LINA ESTHER HESSVP, CHIEF TECHNOLOGY OFFICER · 40 hrs/week $358,491Base $308,353 · Other $50,138

KEITH FRANCESENIOR FINANCIAL ADVISOR · 40 hrs/week $330,987Base $306,393 · Other $24,594

OMAR MASLICFINANCIAL ADVISOR · 40 hrs/week $330,473Base $314,331 · Other $16,142

JIHONG HUANGVP, CHIEF TREASURY OFFICER · 40 hrs/week $326,943Base $293,123 · Other $33,820

ANDREW NGUYENFINANCIAL ADVISOR · 40 hrs/week $305,218Base $274,007 · Other $31,211

GENNADY FICHTENHOLZVP, DIGITAL STRATEGY AND ENGAGEMENT · 40 hrs/week $286,140Base $251,720 · Other $34,420

CYNTHIA DELACERDA WATSONVP, CHIEF RISK & OPERATIONS OFFICER · 40 hrs/week $279,712Base $242,483 · Other $37,229

MELISSA A CLEBORNEVP, CHIEF HUMAN RESOURCES OFFICER · 40 hrs/week $279,356Base $251,621 · Other $27,735

ERNESTO SEGOVIAVP, NETWORK OPERATIONS AND SECURITY · 40 hrs/week $276,339Base $249,676 · Other $26,663

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (29)

LISA MARIE PESTAPRESIDENT/CEO

BRIAN HENNESSEYSVP, CHIEF FINANCIAL OFFICER

CHAD MAZESVP, CHIEF OPERATING OFFICER

LINA ESTHER HESSVP, CHIEF TECHNOLOGY OFFICER

KEITH FRANCESENIOR FINANCIAL ADVISOR

OMAR MASLICFINANCIAL ADVISOR

JIHONG HUANGVP, CHIEF TREASURY OFFICER

ANDREW NGUYENFINANCIAL ADVISOR

GENNADY FICHTENHOLZVP, DIGITAL STRATEGY AND ENGAGEMENT

CYNTHIA DELACERDA WATSONVP, CHIEF RISK & OPERATIONS OFFICER

MELISSA A CLEBORNEVP, CHIEF HUMAN RESOURCES OFFICER

ERNESTO SEGOVIAVP, NETWORK OPERATIONS AND SECURITY

MARTINA VALENTINEPRESIDENT, MERIWEST MORTGAGE

IAN K FOOVP, CHIEF RETAIL OFFICER

JOHN KWANAVP ASSISTANT CONTROLLER

JEAN CHRISTOPHER LABEAUAVP INFORMATION TECHNOLOGY DEVELOPMENT

BRANDI HOFFMAN-OOKAVP, CONSUMER & FINTECH LENDING

UDEY CHAUDHRYBOARD MEMBER

ROSARIO MONGESECRETARY

SCOTT TIMPEVICE CHAIRMAN

STAN CHAPMANBOARD MEMBER

STEVE GOVEIABOARD MEMBER

TAYLOR LEESUPV CMTE MEMBER

PHILIP FLUEGEMANNSUPV CMTE CHAIRPERSON

JIM HICKSBOARD MEMBER

JASON LAKERSUPV CMTE MEMBER

HARSHA VYASTREASURER

EDWIN MACHBOARD MEMBER

DRARTHUR L JUECHAIRPERSON

About this charity

Recognized since: January 2014
Location: 5615 CHESBRO AVE, SAN JOSE, CA 95123-3046
County: Santa Clara
In care of: JIHONG HUANG
Primary officer: JIHONG HUANG, CFO

How to reach them

WebsiteVisit the charity’s website Phone(408) 972-5222

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: TURNER WARREN HWANG & CONRAD ACCTCY
NTEE classification: Public & Societal Benefit (W610)
Grant-giving organization: Yes
Revocation date: May 15, 2011