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Organizations California Bear Credit Union

California Bear Credit Union

Fiscal year ending 2019. Filed on November 12, 2020.

300 South Spring Street No 1215
Los Angeles, California 90013

California Bear Credit Union (EIN: 95-0598145) has filed an IRS Form 990 from fiscal year 2016–2022. In its fiscal year 2019 IRS Form 990 filing, California Bear Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 4 out of 28 total employees. Among the employees shown here, the average compensation is $190,075. The highest compensated employee at California Bear Credit Union is Robert Vecci Former Ceo with fiscal year 2019 compensation of $215,882.

Revenue, expenses, and employee compensation

Revenue

$5,420,371

Expenses

$5,013,937

Employee compensation

$2,189,039
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Robert Vecci Former Ceo
Chief Executive Officer
$215,882
$191,838 No related comp$24,044
Daniel Graff Incoming Ceo
Chief Financial Officer
$193,723
$166,405 No related comp$27,318
William Hernandez
CLO
$180,696
$162,217 No related comp$18,479
Randy Buck
COCO
$169,998
$151,998 No related comp$18,000

Benchmark Employee Compensation

Non-Employee Board Members

Delia Avila
Supervisory Committee Member
Diane Fowler
Director
Douglas Failing
Board Chair
Emanuel Obiora
Director
Fernando Roldan
Director
Marcia Graves
Director
Maria R Penilla
Supervisory Committee Member
Maria Reynolds-Brooks
Board Vice Chair
Marta Zaragoza
Supervisory Committee Chairman
Patricia Weatherspoon
Supervisory Committee Member
Samuel Unger
Director
Steve Bauman
Supervisory Committee Vice-Chairman

Contractors

Jack Henry & Associates Inc.
Financial
$512,439
Financial Technology Solutions Int Inc.
Financial
$361,165
Cooperative Financial Services
Financial
$182,650
Advantage Group Staffing Inc.
Temp Agency
$117,650

Mission Statement

A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT ANDSAVINGS 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, CALIFORNIA BEAR CREDIT UNION CONDUCTSITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITSMEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS

Revisions to this organization profile

April 5, 2023:
2022 California Bear Credit Union 990 filed
November 10, 2022:
2021 California Bear Credit Union 990 filed
November 10, 2021:
2020 California Bear Credit Union 990 filed

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