REDONDO BEACH, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOUTH BAY CREDIT UNION, founded in 1953, is a community nonprofit in the Public & Societal Benefit sector that reported $8.9M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.
SOUTH 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.
SBCU IS COMMITTED TO ASSISTING OUR MEMBERS ACHIEVE THEIR FINANCIAL GOALS. OUR RATES HAVE BEEN CONSISTENTLY AT THE TOP OF OUR LOCAL MARKETPLACE.
IN 2024, WE WERE ABLE TO FUND $26.5 MILLION IN NEW LOANS TO OUR MEMBERS.
WE HAVE BEEN ABLE TO SPONSOR COMMUNITY-BASED ORGANIZATIONS FOR SPORTS AND EDUCATION.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $8,860,464 | $8,170,718 | +0.1% |
| Expenses | $9,739,444 | $7,829,413 | +0.2% |
| Net Income | $-878,980 | $341,305 | -3.6% |
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 |
|---|---|---|---|---|---|---|
| CHRIS OTEY | CHAIRMAN | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHANIE ERTMAN | VICE-CHAIRMAN | 1.00 |
Director
|
$0 | $0 | $0 |
| NICOLE WESLEY | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| VIKI COPELAND | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANNIE FLIPPO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHUCK GARLAND | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TOM LIGHT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN LUNDIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TAREK SHAER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAN INSKEEP | SPV CMTE CHAIRMAN | 1.00 |
Director
|
$0 | $0 | $0 |
| ANGELIA PARRISH | SPV CMTE MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RENEE MICHEL | SPV CMTE MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PARIS CHEVALIER | PRESIDENT/CEO | 40.00 |
Officer
|
$253,311 | $4,835 | $258,146 |
| DON STEINMAN | CFO | 40.00 |
Officer
|
$174,137 | $11,550 | $185,687 |
| FRANK ESPINOZA | CHIEF RISK OFFICER | 40.00 |
Officer
|
$213,757 | $16,614 | $230,371 |
| BERNICE WHITE | CLO | 40.00 |
Officer
|
$133,528 | $25,318 | $158,846 |
| GLADYS GALLEGOS | DIRECTOR OF OPS | 40.00 |
Highest
|
$110,503 | $14,898 | $125,401 |
| SANDY DUARTE | RISK OFFICER | 40.00 |
Highest
|
$104,061 | $7,253 | $111,314 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $8,860,464 | $9,739,444 | $158,035,979 | $-878,980 |
| 2023 | $8,170,718 | $7,829,413 | $156,698,184 | $341,305 |
| 2022 | $6,174,148 | $5,687,113 | $144,521,136 | $487,035 |
| 2021 | $5,439,590 | $4,771,097 | $140,051,603 | $668,493 |
| 2020 | $5,984,411 | $4,979,974 | $126,193,411 | $1,004,437 |
| 2019 | $5,485,036 | $4,895,428 | $106,118,382 | $589,608 |
| 2018 | $4,854,768 | $4,285,077 | $112,477,417 | $569,691 |
Compare SOUTH BAY CREDIT UNION with other nonprofits in California and across the country.