SANTA CRUZ, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SANTA CRUZ COMMUNITY CREDIT UNION, founded in 1977, is a mid-sized nonprofit that reported $13.4M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $12.4M left a modest 7% surplus.
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, SANTA CRUZ COMMUNITY 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. SANTA CRUZ COMMUNITY CREDIT UNION SERVES THE COMMUNITY AS A CERTIFIED CDFI AND LOW INCOME CREDIT UNION, ENSURING THAT THROUGH ECONOMIC JUSTICE MEASURES, ALL PEOPLE RECEIVE ASSISTANCE TO IMPROVE THEIR LIVES.
THE CREDIT UNION IS A COMMUNITY DEVELOPMENT, LOW-INCOME AND JUNTOS AVANZAMOS CERTIFIED CREDIT UNION PROVIDING LOW-COST, LIFE-CHANGING SERVICES, FINANCIAL LEARNING AND OPPORTUNITIES TO ITS LOCAL...
THE CREDIT UNION IS A COMMUNITY DEVELOPMENT, LOW-INCOME AND JUNTOS AVANZAMOS CERTIFIED CREDIT UNION PROVIDING LOW-COST, LIFE-CHANGING SERVICES, FINANCIAL LEARNING AND OPPORTUNITIES TO ITS LOCAL COMMUNITIES WITH A MISSION TO EMBRACE ECONOMIC JUSTICE AND TO PROVIDE FINANCIAL ACCESS AND OPPORTUNITIES TO ALL PEOPLE. ADDITIONALLY, THE CREDIT UNION'S MISSION INCLUDES SERVING THE UNBANKED AND UNDERSERVED, INCLUDING IMMIGRANTS WITH SPECIAL SERVICES SUCH AS SPECIAL SAVING PROGRAMS AND ACCOUNTS, MATRICULA CONSULAR ACCOUNTS, SECOND CHANCE CHECKING, ITIN LOANS AND DACA LOANS. SCCCU PROVIDES A VARIETY OF OPPORTUNITIES TO OUR MINORITY POPULATIONS INCLUDING CONSUMER, REAL ESTATE AND COMMERCIAL/SMALL AND MICRO-BUSINESS LENDING. SPECIFICALLY, THE CREDIT UNION OFFERS "PROYECTO HOGAR" HOME/MANUFACTURED HOME LOANS, NEW AND USED AUTO LOANS, MINORITY AND ITIN BUSINESS LOANS/LINES OF CREDIT, FIRST-TIME BORROWING PROGRAMS AND CREDIT BUILDER LOANS SUCH AS SAVINGS-SECURED CREDIT CARDS AND PERSONAL LOANS.
THE CREDIT UNION PROVIDES BUSINESS LENDING AND COMMERCIAL LENDING PRODUCTS INCLUDING REAL ESTATE FIRST AND SECOND LOANS, COMMUNITY DEVELOPMENT AND GOVERNMENT-GUARANTEED LOANS SUCH AS SBA AND CAL...
THE CREDIT UNION PROVIDES BUSINESS LENDING AND COMMERCIAL LENDING PRODUCTS INCLUDING REAL ESTATE FIRST AND SECOND LOANS, COMMUNITY DEVELOPMENT AND GOVERNMENT-GUARANTEED LOANS SUCH AS SBA AND CAL COASTAL RURAL DEVELOPMENT SECURED-LOANS AND MICRO-BUSINESS LOANS. ADDITIONALLY, THE CREDIT UNION SERVES MANY MICRO AND SMALL BUSINESSES AND NONPROFITS LOCALLY, AS SANTA CRUZ COUNTY IS A COMMUNITY OF ENTREPRENEURIAL BUSINESSES AND NONPROFITS THAT OFTEN HAVE FEW OPTIONS AVAILABLE TO THEM FROM THE MAINSTREAM BANKING INDUSTRY.
THE CREDIT UNION PROVIDES CONSUMER AND BUSINESS FINANCIAL PRODUCTS AND SERVICES GEARED TO SUPPORTING THE LOCAL COMMUNITY MEMBERS TO BE VIABLE AND SELF-SUFFICIENT IN THEIR FINANCIAL ENDEAVORS...
THE CREDIT UNION PROVIDES CONSUMER AND BUSINESS FINANCIAL PRODUCTS AND SERVICES GEARED TO SUPPORTING THE LOCAL COMMUNITY MEMBERS TO BE VIABLE AND SELF-SUFFICIENT IN THEIR FINANCIAL ENDEAVORS. SERVICES INCLUDING A VARIETY OF LOW AND NO-FEE CONSUMER AND BUSINESS CHECKING AND SAVINGS ACCOUNTS AS WELL AS IRA ACCOUNTS, MATRICULA CONSULAR, SECOND CHANCE CHECKING AND SAVINGS-SECURED LOANS THAT HAVE BEEN DESIGNED TO SERVE BOTH MODERATE AND LOW-INCOME COMMUNITY MEMBERS, OUR IMMIGRANT COMMUNITY AND THOSE LIVING IN STRUGGLING ECONOMIC AREAS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $13,363,100 | $14,177,074 | -0.1% |
| Expenses | $12,403,594 | $11,593,769 | +0.1% |
| Net Income | $959,506 | $2,583,305 | -0.6% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MATT FARRELL | CHAIRMAN | 1.00 |
Director
|
$0 | $0 | $0 |
| HOWARD SHERER | BOARD SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| TAMMY PELSTRING | BOARD TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| AMI EBRIGHT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PAZ PADILLA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SYLVIA REYES | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NED VAN VALKENBURGH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BONNIE LIPSCOMB | ASSOCIATE | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDA BROWN | SUPV CMTE CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| SUZANNE MACLEAN | SUPV CMTE MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHUCK HAHN | SUPV CMTE MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH CARR | CEO | 40.00 |
Officer
|
$853,473 | $219,277 | $1,072,750 |
| ANNIE SONG FORMER | CFO | 40.00 |
Officer
|
$100,253 | $7,250 | $107,503 |
| KATIE FAIRBAIRN | CXO | 40.00 |
Officer
|
$202,758 | $7,194 | $209,952 |
| PAUL BARENFUS | CLO | 40.00 |
Officer
|
$197,813 | $7,907 | $205,720 |
| EVERADO MUNOZ FORMER | COO | 40.00 |
Officer
|
$181,603 | $18,472 | $200,075 |
| EDWARD CROSS JR | CORE APPLICATION ARCHITECT | 40.00 |
Officer
|
$171,387 | $0 | $171,387 |
| JOSEPH L COFFMAN | CTO | 40.00 |
Officer
|
$158,528 | $7,979 | $166,507 |
| ALICIA KRETSCH FORMER | COMMERCIAL LENDING MANAGER | 40.00 |
Highest
|
$143,902 | $5,746 | $149,648 |
| JESUS BERUMEN | DIR OF CONSUMER REAL ESTATE | 40.00 |
Highest
|
$121,047 | $31,652 | $152,699 |
| LAURA OWEN | DIR OF COMM. OUTREACH LEARN | 40.00 |
Highest
|
$120,437 | $11,676 | $132,113 |
| LILLIANNE DYKSTRA FORMER | SR APPLICATIONS ADMIN | 40.00 |
Highest
|
$120,006 | $14,433 | $134,439 |
| JULIE JAQUITH FORMER | CREDIT SUPPORT MANAGER | 40.00 |
Highest
|
$109,240 | $13,935 | $123,175 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $13,363,100 | $12,403,594 | $191,939,988 | $959,506 |
| 2022 | $14,177,074 | $11,593,769 | $188,657,258 | $2,583,305 |
| 2021 | $11,384,575 | $8,661,141 | $184,280,638 | $2,723,434 |
| 2020 | $9,290,078 | $7,710,466 | $171,047,166 | $1,579,612 |
| 2019 | $9,043,303 | $7,777,249 | $125,559,923 | $1,266,054 |
| 2018 | $8,041,524 | $6,931,224 | $121,497,400 | $1,110,300 |
Compare SANTA CRUZ COMMUNITY CREDIT UNION with other nonprofits in California and across the country.