Huntington Beach Credit Union
Nonprofit profile at a glance
- EIN
- 951821708
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Huntington Beach, CA, USA
- Phone
- 7145366517
- Rating confidence
- Limited
- Sector
- Credit Unions
Reported finances
- Revenue
- $2,365,142
- Expenses
- $2,126,103
- Assets
- $54,886,829
- Liabilities
- $48,223,888
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- ANGELA K CLITHEROW (PRESIDENT/CEO)
Highest reported compensation
- ANGELA K CLITHEROW (PRESIDENT/CEO): $182,131 total reported compensation
- DONNA ZIKE (ACCOUNTING MANAGER): $104,212 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule ohuntington beach 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, huntington beach 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.
What it reported doing in 2024
Provided share certificates of deposit in 6 months to 5 year increments allowing members the opportunity to earn higher rates of interest than typically earned in a savings account. The credit union also offers money market accounts.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 71
- Accountability: 95
- Sustainability: 62
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 10.1%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 25.82; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0.88; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 13.5%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: -52.1% per year; rating input score 0; 0th percentile among comparable filings
- Revenue growth: 3.5% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: 1.4% per year; rating input score 100; 17th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 5 of 5 board members independent · 7 of 8 filing controls reported
- Programs: 4 filed program accomplishments
- Leadership: top reported pay $182K · 12 people listed · 2 of 6 pay-setting controls reported
- Consistency: 10 of 10 current checks pass
- Schedules: 3 filed schedules · includes executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Whistleblower policy not reported.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- High — Sustainability: Officer compensation ratio scored 21/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.