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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Public & Societal Benefit South Bay Credit Union

South Bay Credit Union

Fiscal year ending 2022. Filed on September 8, 2023.

312 N Pacific Coast Highway
Redondo Beach, California 90277

South Bay Credit Union (EIN: 95-1914215) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2022 IRS Form 990 filing, South Bay Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 5 out of 33 total employees. Among the employees shown here, the average compensation is $147,285. The highest compensated employee at South Bay Credit Union is Don Steinman with fiscal year 2022 compensation of $169,161.

Revenue, expenses, and employee compensation

Revenue

$6,174,148

Expenses

$5,687,113

Employee compensation

$2,409,282
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Don Steinman
Chief Financial Officer
$169,161
$149,921 No related comp$19,240
Frank Espinoza
Chief Risk Officer
$161,636
$151,870 No related comp$9,766
Paris Chevalier
President and Chief Executive Officer
$159,595
$147,000 No related comp$12,595
Bernice White
CLO
$137,356
$121,515 No related comp$15,841
Vanessa Alonso
Chief Operating Officer
$108,677
$105,779 No related comp$2,898

Benchmark Employee Compensation

Non-Employee Board Members

Chris Otey
Chair
Chuck Garland
Secretary
Dan Inskeep
SPV CMTE Chairman
Jerry Gaines
Director
John Stewart
SPV CMTE Member
Nikki Wesley
Director
Perry Lynn
SPV CMTE Member
Stephanie Ertman
Director
Susan Darcy
Vice Chair
Tarek Shaer
Director
Tom Light
Director
Viki Copeland
Director

Mission Statement

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.

Revisions to this organization profile

July 22, 2025:
2024 South Bay Credit Union 990 filed
September 4, 2024:
2023 South Bay Credit Union 990 filed
September 8, 2023:
2022 South Bay Credit Union 990 filed

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