PREMIER AMERICA CREDIT UNION

EIN: 953442691

CHATSWORTH, CA

Total Revenue
$172,505,825
Total Expenses
$181,541,379
Total Assets
$3,396,098,525
Net Assets
$306,912,516
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
CA
Principal Officer
RODOLFO J PEREIRA
Phone
8187724011
Tax Period
2024-01-01 to 2024-12-31

PREMIER AMERICA CREDIT UNION, founded in 1957, is a major nonprofit that reported $172.5M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONGST 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, PREMIER AMERICA CREDIT UNION (THE 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

Program Service Accomplishments

Program 1

PREMIER AMERICA CREDIT UNION ENCOURAGED AND PROMOTED SAVINGS AND ACQUIRED 12,239 NEW MEMBERS IN 2024. TOTAL MEMBERSHIP STOOD AT 112,201 AS OF DECEMBER 31, 2024 WHILE THE ORGANIZATION CONTINUED TO PAY...

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PREMIER AMERICA CREDIT UNION ENCOURAGED AND PROMOTED SAVINGS AND ACQUIRED 12,239 NEW MEMBERS IN 2024. TOTAL MEMBERSHIP STOOD AT 112,201 AS OF DECEMBER 31, 2024 WHILE THE ORGANIZATION CONTINUED TO PAY MEMBERS FAVORABLE DIVIDEND RATES ON THEIR SAVINGS.

Program 2

PREMIER AMERICA CREDIT UNION CONTINUED TO MEET THE MORTGAGE NEEDS OF FIRST-TIME HOME BUYERS. DURING THE YEAR, THE ORGANIZATION GRANTED 362 REAL ESTATE LOANS.

Program 3

PREMIER AMERICA CREDIT UNION'S CORE VALUES AND PURPOSE DRIVE OUR COMMITMENT TO SERVING MEMBERS AND LOCAL COMMUNITIES. IN 2024 OUR DEDICATION TO GIVING BACK WAS OF PARAMOUNT IMPORTANCE AS PREMIER...

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PREMIER AMERICA CREDIT UNION'S CORE VALUES AND PURPOSE DRIVE OUR COMMITMENT TO SERVING MEMBERS AND LOCAL COMMUNITIES. IN 2024 OUR DEDICATION TO GIVING BACK WAS OF PARAMOUNT IMPORTANCE AS PREMIER AMERICA CREDIT UNION DONATED $381,983 TO LOCAL CHARITIES AND COMMUNITY ORGANIZATIONS AND TEAM MEMBERS INVESTED OVER 600 HOURS OF SERVICE TO NONPROFIT ORGANIZATIONS. PREMIER AMERICA CREDIT UNION IS FOCUSED ON PROVIDING SAFE, RESPONSIBLE AND AFFORDABLE FINANCIAL SERVICES TO HELP MEMBERS REACH THEIR DREAMS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $148,718,106
Investment Income $23,787,719
Other Revenue $0
TOTAL REVENUE $172,505,825

Expense Breakdown

Grants Paid $462,112
Salaries & Benefits $50,835,296
Fundraising Expenses $0
Other Expenses $130,243,971
TOTAL EXPENSES $181,541,379

Year-over-Year Comparison

2024 2023 Change
Revenue $172,505,825 $158,602,721 +0.1%
Expenses $181,541,379 $150,631,543 +0.2%
Net Income $-9,035,554 $7,971,178 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
530
Volunteers
13

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$6,805,879
Total Directors
9
$24,601
Key Employees
6
$2,852,742
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY HOLMEN DIRECTOR 2.00
Director
$7,527 $0 $7,527
JOANN KLONOWSKI CHAIR 3.00
Officer Director
$500 $0 $500
BILL HAMPEL SECRETARY/TREASURER 3.00
Officer Director
$5,367 $0 $5,367
LARRY MARTIN DIRECTOR 2.00
Director
$3,504 $0 $3,504
WILLIAM COLE DIRECTOR 2.00
Director
$1,055 $0 $1,055
LARRY COLSON DIRECTOR 2.00
Director
$1,478 $0 $1,478
MECHELLE BEST DIRECTOR 2.00
Director
$500 $0 $500
ERIC GOLDNER DIRECTOR 2.00
Director
$817 $0 $817
EVA GOMEZ VICE CHAIR 3.00
Officer Director
$3,853 $0 $3,853
RODOLFO PEREIRA PRESIDENT & CEO 40.00
Officer
$6,121,092 $61,406 $6,182,498
IE-CHEN CHENG CHIEF FINANCIAL OFFICER 40.00
Officer
$581,286 $32,375 $613,661
TONI DANIELS CHIEF RISK & COMPLIANCE OFFICER 40.00
Key Emp
$461,750 $35,744 $497,494
ERNESTO NORONA CHIEF OPERATIONS OFFICER 40.00
Key Emp
$496,462 $68,228 $564,690
MARCIA GIRARDI CHIEF EXPERIENCE OFFICER 40.00
Key Emp
$459,511 $49,503 $509,014
DAVID FITZGERALD CHIEF LENDING OFFICER 40.00
Key Emp
$432,007 $29,904 $461,911
SHELLEY TAM CHIEF PEOPLE OFFICER 40.00
Key Emp
$385,552 $68,367 $453,919
JASON WOLKOVE CHIEF TECHNOLOGY OFFICER 40.00
Key Emp
$310,860 $54,854 $365,714
KELLY KARREN FINANCIAL ADVISOR 40.00
Highest
$511,165 $33,665 $544,830
ANTHONY VELARDE FINANCIAL ADVISOR 40.00
Highest
$346,546 $43,070 $389,616
TAMARA SCOTT VP, RETAIL DELIVER 40.00
Highest
$275,901 $51,282 $327,183
CHARLES KIM VP, COMMERCIAL LENDING 40.00
Highest
$271,452 $24,461 $295,913
YE SU VP, WEALTH MANAGEMENT 40.00
Highest
$335,384 $46,195 $381,579
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $172,505,825 $181,541,379 $3,396,098,525 $-9,035,554
2023 $158,602,721 $150,631,543 $3,473,374,773 $7,971,178
2022 $127,070,331 $109,818,679 $3,773,072,753 $17,251,652
2021 $107,505,968 $91,505,540 $3,406,612,540 $16,000,428
2020 $111,058,082 $104,615,610 $3,211,246,372 $6,442,472
2019 $116,675,456 $97,229,006 $2,832,715,240 $19,446,450
2018 $101,444,902 $77,869,057 $2,673,451,881 $23,575,845
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