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SOUTH BAY CREDIT UNION

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Public IRS 990 nonprofit record

SOUTH BAY CREDIT UNION

EIN 95-1914215 · Credit Unions (W61)

What they do

SEE SCHEDULE OSOUTH BAY 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, SOUTH BAY 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 BEING DISTRIBUTED to ITS MEMBERS AS PATRONS.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

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 checkNo IRS revocation warning appears in this data.

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 leaders18 people are listed in the latest report.

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

Money made simple

$109.92spent for every $100 of revenueSpending was higher than revenue this year.
$16.23in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

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

Worth asking: Expenses exceeded revenue by $878,980 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $258,146 for PARIS CHEVALIER (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$8,860,464
Expenses$9,739,444
Annual shortfall $878,980 Expenses were higher than revenue for this filing year.
See all reported dollar amounts
Revenue$8,860,464
Expenses$9,739,444
Assets$158,035,979
Income$8,860,464
Accounting fees$124,556
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
PARIS CHEVALIERPRESIDENT/CEO · 40 hrs/week $258,146Base $253,311 · Other $4,835
FRANK ESPINOZACHIEF RISK OFFICER · 40 hrs/week $230,371Base $213,757 · Other $16,614
DON STEINMANCFO · 40 hrs/week $185,687Base $174,137 · Other $11,550
BERNICE WHITECLO · 40 hrs/week $158,846Base $133,528 · Other $25,318
GLADYS GALLEGOSDIRECTOR OF OPS · 40 hrs/week $125,401Base $110,503 · Other $14,898
SANDY DUARTERISK OFFICER · 40 hrs/week $111,314Base $104,061 · Other $7,253

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 (18)

PARIS CHEVALIERPRESIDENT/CEO

FRANK ESPINOZACHIEF RISK OFFICER

DON STEINMANCFO

BERNICE WHITECLO

GLADYS GALLEGOSDIRECTOR OF OPS

SANDY DUARTERISK OFFICER

VIKI COPELANDDIRECTOR

ANGELIA PARRISHSPV CMTE MEMBER

TOM LIGHTDIRECTOR

TAREK SHAERDIRECTOR

STEPHANIE ERTMANVICE-CHAIRMAN

RENEE MICHELSPV CMTE MEMBER

NICOLE WESLEYSECRETARY

DAN INSKEEPSPV CMTE CHAIRMAN

CHUCK GARLANDDIRECTOR

CHRIS OTEYCHAIRMAN

BRIAN LUNDINDIRECTOR

ANNIE FLIPPODIRECTOR

About this charity

Recognized since
January 1961
Location
312 N PACIFIC COAST HWY, REDONDO BEACH, CA 90277-2837
County
Los Angeles
In care of
% SOUTH BAY CREDIT UNION
Primary officer
DON STEINMAN, CFO

How to reach them

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
Credit Unions (W61)
IRS tax category
Credit Unions

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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