Public Charity

SOUTH BAY CREDIT UNION

Based in REDONDO BEACH, CA, SOUTH BAY CREDIT UNION operates as a Public Charity. The organization reported $8.9M in revenue, $9.7M in expenses, $158.0M in total assets for fiscal year 2024.

EIN: 951914215 REDONDO BEACH, CA Credit Unions NTEE: W61 Latest filing: 2024
Total Revenue$8.9M
Total Expenses$9.7M
Total Assets$158.0M
Grant Records0
Filing Years2019–2024

Mission

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.

Officers & Directors

SPV CMTE MEMBER Angelia Parrish
DIRECTOR Annie Flippo
CLO Bernice White
DIRECTOR Brian Lundin
CHAIRMAN Chris Otey
DIRECTOR Chuck Garland

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $8.9M $9.7M $158.0M
2023 $8.2M $7.8M $156.7M
2022 $6.2M $5.7M $144.5M
2020 $6.0M $5.0M $126.2M
2019 $5.5M $4.9M $106.1M

Between 2019 and 2024, reported annual revenue grew from $5.5M to $8.9M (+62%), with total assets most recently reported at $158.0M.

Interactive year-over-year charts and full filing details available with membership.

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