ALTADENA, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FIRST CITY CREDIT UNION, founded in 1937, is a mid-sized nonprofit that reported $38.1M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.6M, a strong 20% operating margin.
FIRST CITY CREDIT UNION (THE CREDIT UNION) EXISTS TO SERVE ITS MEMBERS. THE CREDIT UNION IS COMMITTED TO OFFER A BROAD RANGE OF QUALITY FINANCIAL SERVICES, DELIVERED AND PRICED TO PROVIDE GOOD VALUE. THE CREDIT UNION SHALL MAINTAIN FINANCIALLY SOUND AND ETHICAL PRACTICES TO MERIT CONFIDENCE AND TRUST.
RETAIL LENDING: FIRST CITY CREDIT UNION PROVIDES A FULL RANGE OF RETAIL LENDING PRODUCTS TO ITS MEMBERS, INCLUDING NEW AND USED AUTO FINANCING, REAL ESTATE MORTGAGES, UNSECURED LOANS, HOME EQUITY...
RETAIL LENDING: FIRST CITY CREDIT UNION PROVIDES A FULL RANGE OF RETAIL LENDING PRODUCTS TO ITS MEMBERS, INCLUDING NEW AND USED AUTO FINANCING, REAL ESTATE MORTGAGES, UNSECURED LOANS, HOME EQUITY LINES OF CREDIT AND OTHER RETAIL CREDIT. WE ARE AMONG THE LEADING CREDIT UNIONS IN THE COUNTRY IN TERMS OF OUR RELATIVE CONCENTRATION OF SUCCESSFUL AUTO LENDING PRODUCTS, WHICH REPRESENT 40% OF OUR TOTAL LOANS. WE CONTINUE TO DEVELOP OUR LENDING CAPABILITIES AS A RELIABLE SOURCE OF CREDIT IN THE CHALLENGING ECONOMIC CONDITIONS OF THE PAST YEAR. AT 12/31/2023, FIRST CITY CREDIT UNION HAD 55,886 MEMBER LOANS OUTSTANDING WITH A TOTAL BALANCE OF $390,828,347.
DEPOSITS: FIRST CITY CREDIT UNION PROVIDES A FULL RANGE OF RETAIL DEPOSIT PRODUCTS TO ITS MEMBERS TO PROVIDE A SAFE AND INSURED INVESTMENT VEHICLE TO HELP FINANCIAL MANAGEMENT. THIS INCLUDES BOTH...
DEPOSITS: FIRST CITY CREDIT UNION PROVIDES A FULL RANGE OF RETAIL DEPOSIT PRODUCTS TO ITS MEMBERS TO PROVIDE A SAFE AND INSURED INVESTMENT VEHICLE TO HELP FINANCIAL MANAGEMENT. THIS INCLUDES BOTH FIXED TERM CERTIFICATES OF DEPOSIT AND NON-MATURING DEPOSITS, SUCH AS MONEY MARKET ACCOUNTS. WE ALSO PROVIDE A FULL RANGE OF CHECKING ACCOUNT PRODUCTS THAT ALLOW OUR MEMBERS TO MANAGE THEIR DAY-TO-DAY FINANCES EFFECTIVELY THROUGH SERVICES SUCH AS DIRECT DEPOSIT OF PAYROLL AND ON-LINE BILL PAYMENT. OUR NETWORK OF 7 BRANCHES PROVIDE EASY ACCESS TO OUR DEPOSIT AS WELL AS OTHERS PRODUCTS. AT 12/31/2023, FIRST CITY CREDIT UNION HAD A TOTAL DEPOSIT BALANCE OF $769,160,409.
CARD SERVICES: FIRST CITY CREDIT UNION PROVIDES CREDIT CARDS AND DEBIT CARDS TO ITS MEMBERS. THESE CARDS PROVIDE THEM THE CASH MANAGEMENT TOOLS NECESSARY FOR MUCH OF THE ONGOING PURCHASES AND BILL...
CARD SERVICES: FIRST CITY CREDIT UNION PROVIDES CREDIT CARDS AND DEBIT CARDS TO ITS MEMBERS. THESE CARDS PROVIDE THEM THE CASH MANAGEMENT TOOLS NECESSARY FOR MUCH OF THE ONGOING PURCHASES AND BILL PAYMENTS ON A DAILY BASIS. THEY ALSO PROVIDE THE ABILITY TO MANAGE FINANCES WITH A VARIETY OF OPTIONS, E.G., DEFERRING PAYMENTS UNTIL CASH IS AVAILABLE TO PAY OR MAKING PURCHASES WITH A DIRECT DEBIT WHEN PHYSICAL CHECKS ARE NOT ACCEPTED BY A MERCHANT.
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 | $38,120,641 | $29,074,210 | +0.3% |
| Expenses | $30,541,292 | $22,924,054 | +0.3% |
| Net Income | $7,579,349 | $6,150,156 | +0.2% |
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 |
|---|---|---|---|---|---|---|
| NAVNEET KHANNA | CEO | 40.00 |
Officer
|
$559,442 | $70,514 | $629,956 |
| LOURDES RUANO | EVP/CFO | 40.00 |
Officer
|
$323,293 | $53,574 | $376,867 |
| MICHAEL WILKINS | SVP/COO | 40.00 |
Key Emp
|
$264,567 | $43,481 | $308,048 |
| ALFREDO PEREZ | SVP/CLO | 40.00 |
Highest
|
$217,081 | $37,605 | $254,686 |
| QAMAR NOORY | VP/CIO | 40.00 |
Highest
|
$214,297 | $22,503 | $236,800 |
| MARY BOLOSE | VP | 40.00 |
Highest
|
$160,867 | $34,468 | $195,335 |
| MARY RUBIO | VP OF HUMAN RESOURCES | 40.00 |
Highest
|
$164,519 | $19,768 | $184,287 |
| CURTIS RUTHER | VP OF CONSUMER LENDING | 40.00 |
Highest
|
$161,808 | $10,665 | $172,473 |
| CHRISTOPHER ANDERSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN BENEDICT | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CAROLYN BERNARDEZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLA GLOVER | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARISA LOPEZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BARBARA OLIVER | FORMER TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL STEINBERGER | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $38,120,641 | $30,541,292 | $906,616,422 | $7,579,349 |
| 2022 | $29,074,210 | $22,924,054 | $886,615,777 | $6,150,156 |
| 2021 | $39,387,246 | $20,132,973 | $929,815,680 | $19,254,273 |
| 2020 | $27,272,133 | $23,993,439 | $838,293,496 | $3,278,694 |
| 2019 | $29,755,374 | $22,890,554 | $699,529,873 | $6,864,820 |
| 2018 | $28,559,391 | $23,835,809 | $674,690,055 | $4,723,582 |
Compare FIRST CITY CREDIT UNION with other nonprofits in California and across the country.