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Filing year 2024

SOUTH BAY CREDIT UNION

Redondo Beach, California·EIN 95-1914215·NTEE W61 · Public & Societal Benefit·501(c)(14)
Total revenue
$8.9M
Total assets
$158M
Total expenses
$9.7M
Reported officers
18
Mission

SEE SCHEDULE OSOUTH 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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Public & Societal Benefit organizations in California.

President/ceo
75th to 90th percentile
$258k
$276k
Base
$206k
Bonus
$35k
Other
$12k
Benefits
$3k
Chief Risk Officer
Officer (Unspecified)
$230k
$246k
Base
$195k
Bonus
$11k
Other
$8k
Benefits
$7k
CFO
Median to 75th percentilevs Public & Societal Benefit peers nationwide
$186k
$199k
Base
$152k
Bonus
$15k
Other
$8k
Benefits
$3k
Clo
Officer (Unspecified)
$159k
$170k
Base
$117k
Bonus
$9k
Other
$8k
Benefits
$16k
Director of Ops
Highest Compensated Employee
25th percentile to median
$125k
$134k
Risk Officer
Highest Compensated Employee
10th to 25th percentile
$111k
$119k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Los Angeles-Long Beach-Anaheim, CA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 12 unpaid individuals.

Browse compensation in Public & Societal Benefit

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at SOUTH BAY CREDIT UNION equaled 3% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

This organization (2024)
3%
Sector median
10%
Middle half of sector
4% to 22%

Based on 2,608 public & societal benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Down 3%
from 2023

From $265k in 2023 to $258k in 2024.

$265k
2023
$258k
2024
In today's dollarsEst.
Down 6% in real terms$293k to $276k

Estimated with Los Angeles-Long Beach-Anaheim, CA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 3% from 2023 to 2024, while revenue rose 8%.

$265k in 2023 to $258k in 2024.
  • Chief Financial Officer pay rose 8% from 2023 to 2024.
  • Highest Compensated Employee pay rose 10% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about SOUTH BAY CREDIT UNION

What does the Chief Executive Officer of SOUTH BAY CREDIT UNION earn?

In 2024, the Chief Executive Officer of SOUTH BAY CREDIT UNION received $258,146 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Public & Societal Benefit organizations in California, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SOUTH BAY CREDIT UNION compare with similar nonprofits?

Compared with the same role at Public & Societal Benefit organizations in California, the 2024 pay of the Chief Executive Officer at SOUTH BAY CREDIT UNION falls between the 75th and 90th percentiles. In 2024, the highest total compensation at SOUTH BAY CREDIT UNION equaled 3% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

What are SOUTH BAY CREDIT UNION's revenue and expenses?

In 2024, SOUTH BAY CREDIT UNION reported $8.9M in total revenue and $9.7M in total expenses on its IRS Form 990.

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