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Organizations Financial Partners Credit Union

Financial Partners Credit Union

Fiscal year ending 2019. Filed on October 7, 2020.

7800 East Imperial Highway
Downey, California 90242

Financial Partners Credit Union (EIN: 95-1653038) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2019 IRS Form 990 filing, Financial Partners Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 27 out of 354 total employees. Among the employees shown here, the average compensation is $295,334. The highest compensated employee at Financial Partners Credit Union is Nader Moghaddam with fiscal year 2019 compensation of $998,998.

Revenue, expenses, and employee compensation

Revenue

$69,472,740

Expenses

$62,150,616

Employee compensation

$25,824,863
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Nader Moghaddam
President and Chief Executive Officer
$998,998
$951,863 No related comp$47,135
Larry Romero
CLO
$495,659
$479,488 No related comp$16,171
Mary Torsney
Senior Vice President and Chief Financial Officer
$405,553
$369,408 No related comp$36,145
Darren Herrmann
Senior Vice President and Chief Operating Officer
$375,044
$338,561 No related comp$36,483
Wanda A Williams
Svp/Cao
$366,931
$328,282 No related comp$38,649
Adam Wass
Investment Consultant
$348,582
$307,675 No related comp$40,907
Joseph Brancucci
Senior Vice President and CLO
$345,879
$323,942 No related comp$21,937
Carlos Burga
Mortgage LOAN Consultant
$341,453
$316,221 No related comp$25,232
Justin Chang
Vice President, Commercial Lending
$306,672
$279,040 No related comp$27,632
Norma A Stein
Senior Vice President, Human Resources
$302,315
$259,715 No related comp$42,600
Lori Reeves
Senior Vice President, Marketing
$286,897
$254,186 No related comp$32,711
Jill Hall-Erps
Svp/Cro
$270,761
$252,115 No related comp$18,646

Benchmark Employee Compensation

Non-Employee Board Members

Barbara Smith
Vice Chair
$3,553
$3,553 No related compNo other comp
Ralph Crowther
Chair
$3,299
$3,299 No related compNo other comp
Joe Spetz
Board Member
$3,115
$3,115 No related compNo other comp
Donna Clawson
Board Member
$2,631
$2,631 No related compNo other comp
Yves Pinkowitz
Secretary
$2,615
$2,615 No related compNo other comp
Steve Koester
SUPV CMTE Secretary
$1,901
$1,901 No related compNo other comp
Mario Guerra
Board Member
$1,898
$1,898 No related compNo other comp
Caryn Phillips
Supervisory Committee Chair
$1,682
$1,682 No related compNo other comp
Vince Workman
Supervisory Committee Member
$1,414
$1,414 No related compNo other comp
Alan Bergman
Treasurer
$694
$694 No related compNo other comp
Dr William Feaster
Board Member
No compensation reported
Paul Geary
Board Member
No compensation reported

Contractors

Lavonne Wann
Consulting
$184,648

Mission Statement

FINANCIAL PARTNERS 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, FINANCIAL PARTNERS 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.

Revisions to this organization profile

November 13, 2025:
2024 Financial Partners Credit Union 990 filed
September 27, 2024:
2023 Financial Partners Credit Union 990 filed
September 23, 2023:
2022 Financial Partners Credit Union 990 filed

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