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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 2024. Filed on July 22, 2025.

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 2024 IRS Form 990 filing, South Bay Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 6 out of 25 total employees. Among the employees shown here, the average compensation is $178,294. The highest compensated employee at South Bay Credit Union is Paris Chevalier with fiscal year 2024 compensation of $258,146.

Revenue, expenses, and employee compensation

Revenue

$8,860,464

Expenses

$9,739,444

Employee compensation

$2,870,293
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Paris Chevalier
President and Chief Executive Officer
$258,146
$253,311 No related comp$4,835
Frank Espinoza
Chief Risk Officer
$230,371
$213,757 No related comp$16,614
Don Steinman
Chief Financial Officer
$185,687
$174,137 No related comp$11,550
Bernice White
CLO
$158,846
$133,528 No related comp$25,318
Gladys Gallegos
Operations Director
$125,401
$110,503 No related comp$14,898
Sandy Duarte
RISK Officer
$111,314
$104,061 No related comp$7,253

Benchmark Employee Compensation

Non-Employee Board Members

Angelia Parrish
SPV CMTE Member
Annie Flippo
Director
Brian Lundin
Director
Chris Otey
Chair
Chuck Garland
Director
Dan Inskeep
SPV CMTE Chairman
Nicole Wesley
Secretary
Renee Michel
SPV CMTE Member
Stephanie Ertman
Vice Chair
Tarek Shaer
Director
Tom Light
Director
Viki Copeland
Director

Contractors

Cook Security
Security
$439,680
Cu Northwest
IT
$287,405

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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