HUNTINGTON BEACH, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HUNTINGTON BEACH CREDIT UNION, founded in 1953, is a community nonprofit in the Public & Societal Benefit sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Net assets of $6.4M represent 38 months of operating reserves.
HUNTINGTON 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.
PROVIDED HOME AND CONSUMER LOANS TO MEMBERS AT COMPETITIVE RATES OF INTEREST.
PROVIDED CHECKING AND SAVINGS ACCOUNTS AS WELL AS INVESTMENT INSTRUMENTS IN AN EFFORT TO SAFEGUARD MEMBERS' ASSETS, CONTROL RISK AND CONTRIBUTE TO CAPITAL GROWTH AND FINANCIAL STABILITY.
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...
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.
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 | $2,027,977 | $1,469,249 | +0.4% |
| Expenses | $2,083,234 | $1,469,729 | +0.4% |
| Net Income | $-55,257 | $-480 | +114.1% |
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 |
|---|---|---|---|---|---|---|
| PAUL D'ALESSANDRO | BOARD CHAIRPERSON | 2.00 |
Director
|
$0 | $0 | $0 |
| HOWARD ZELEFSKY | BOARD VICE CHAIRPERSON | 2.00 |
Director
|
$0 | $0 | $0 |
| MELVIN M BOWMAN | BOARD SECRETARY | 2.00 |
Director
|
$0 | $0 | $0 |
| GARY MEZA | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| KAREN A PETERSON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SARAH WHITECOTTON | SUPV CMTE CHAIRPERSON | 2.00 |
Director
|
$0 | $0 | $0 |
| DAVID DERESZYNSKI | SUPV CMTE MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| VERONICA NAVARRO-MARTINEZ | SUPV CMTE MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| LILIA GUERRERO | SUPV CMTE MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| BONNIE TO | SUPV CMTE MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ANGELA K CLITHEROW | PRESIDENT/CEO | 55.00 |
Officer
|
$162,431 | $5,150 | $167,581 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $2,027,977 | $2,083,234 | $54,617,362 | $-55,257 |
| 2022 | $1,469,249 | $1,469,729 | $59,916,268 | $-480 |
| 2021 | $1,078,635 | $1,303,206 | $63,691,424 | $-224,571 |
| 2020 | $1,418,505 | $1,246,369 | $58,632,431 | $172,136 |
| 2019 | $1,912,947 | $1,488,764 | $53,895,806 | $424,183 |
| 2018 | $1,826,952 | $1,824,733 | $58,089,504 | $2,219 |
Compare HUNTINGTON BEACH CREDIT UNION with other nonprofits in California and across the country.