Keypoint Credit Union

Not tax-deductible

San Jose, CAMutual-benefit / member-servingSince 1979Public & Societal Benefit EIN 94-2600376Revenue $80.3M in FY2024Latest return filed Nov 17, 2025

On file with the IRSkpcu.comSan Jose, CATax-exempt since Sep 1961

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A cooperative organized for the purpose of promoting thrift and savings among its members.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 94-2600376) · Dispute this line
Run by 11 volunteers and 222 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $9.3M a year · 13% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$5.8M
to officers and key staff · 8% of spending
Pay to officers and key staff is 8% of spending.
Part VII, Section A
12.5 mo
of spending, in cash
Plus $208.3M in investments, Pt X · Ln 11–13
12.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.5B
93% of total assets
Liabilities are 93% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$80.3M
+6% vs prior year
Spent
$76.3M
Net assets
$115.8M
By yearFY2020–FY2024
Revenue
$80.3M
FY2024▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$51.3M
FY2021$79.3M
FY2022$69.3M
FY2023$75.9M
FY2024$80.3M
Expenses
$76.3M
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$48.8M
FY2021$51.4M
FY2022$62.5M
FY2023$70.5M
FY2024$76.3M
Net assets
$115.8M
FY2024▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$114.1M
FY2021$135.7M
FY2022$117.2M
FY2023$108.8M
FY2024$115.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1961.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

31 people listed on the 990; $5.8M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President & CEO
$891,320Pt VII · Sec A
EVP/Chief Op & Lending Officer
$471,346Pt VII · Sec A
Financial Advisor
$409,834Pt VII · Sec A
Chief Administrative Offic
$403,090Pt VII · Sec A
Chief Information Officer
$385,928Pt VII · Sec A
Chief Financial Officer
$337,488Pt VII · Sec A
SVP Sales & Retail Lending
$284,072Pt VII · Sec A
VP Commercial Banking Oper
$260,258Pt VII · Sec A

T Bradford Canfield’s $891K as President & CEO is at the 94th percentile of top reported officer pay among 232 $10–100M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
T Bradford Canfield$891,320$881,375$1,062,742$735,281$607,681
David Luu$471,346$540,485———
Vi Luu——$497,305$458,966$406,714
Lee Anne Giblin$403,090$442,320———
Andrew Manning$385,928$434,092$404,453$236,581—
Trent McIlhaney——$287,023$419,177$409,129
Leeanne Giblin——$416,954$342,547$365,694
Natasha V Escareno$409,834————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Keypoint Credit Union executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II22 listed

Programs and updates

Promotes thrift and savings among its members through cooperation.

Questions for Keypoint Credit Union

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Your first name shows with your question. Keypoint Credit Union answers here, for everyone.

3 programs · in their own filed words · FY2024
01

Member satisfaction in connection with services pertaining to checking/savings accounts, attractive cd rates, ira and money market accounts.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 94-2600376) · Dispute this line
Pt IX · Ln 25 · col B
02

Accomplishment of excellent loan services to members and loan portfolio growth through the origination of consumer and mortgage loans.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 94-2600376) · Dispute this line
Pt IX · Ln 25 · col B
03

Accomplishment of target goals in member growth (acquisition of new members).

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 94-2600376) · Dispute this line
Pt IX · Ln 25 · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 8 grants · $94K · 2021–2024
ZoofestCA · FY2024$10,000
All Star GroupFY2024$8,075
Unitemized GrantFY2021$4,000
Unitemized GrantFY2021$2,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$80.3M
Ln 12
Fees for servicesLn 2g$69.2M
Investment incomeLn 3$11.2M
Money outPt IX
$76.3M
Ln 25
Owns and owesPt X
$115.8M
net assets · Ln 32
Cash and savingsLn 1–2$79.4M
Total assetsLn 16$1.6B
LiabilitiesLn 26$1.5B
PeoplePt VI, VII
31
listed · VII A
PaidVII A19
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$69.2M
Investment incomeLn 3$11.2M
Gains on assetsLn 7−$14K
Total revenueLn 12$80.3M
Assets in detailPt X, end of year
CashLn 1$13.8M
SavingsLn 2$65.7M
Cash and savings togetherLn 1–2$79.4M
Accounts receivableLn 4$789K
Loans to officers and key peopleLn 5$15.9M
Notes and loans receivableLn 7$1.24B
Prepaid expenses and deferred chargesLn 9$2.6M
Land, buildings, equipmentLn 10c$21.6M
InvestmentsLn 11–13$208.3M
Other assetsLn 15$32.0M
Total assetsLn 16$1.6B
LiabilitiesLn 26$1.5B
Net assetsLn 32$115.8M
OperationsPt I, VI
EmployeesI 5222
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$103.4M$79.4M
InvestmentsLn 11–13$229.3M$208.3M
Land, buildings, equipmentLn 10c$21.5M$21.6M
Total assetsLn 16$1.68B$1.60B
LiabilitiesLn 26$1.57B$1.49B
Net assetsLn 32$108.8M$115.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$99K
Benefits paid to or for membersLn 4$22.1M
Pay of officers and key staff (Part IX, line 5)Ln 5$5.3M
Other salaries and wagesLn 7$16.6M
Pension plan contributionsLn 8$434K
Other employee benefitsLn 9$2.6M
Payroll taxesLn 10$1.5M
Legal feesLn 11b$366K
Accounting feesLn 11c$350K
Other fees for servicesLn 11g$6.3M
Advertising and promotionLn 12$1.3M
Office expensesLn 13$2.6M
Information technologyLn 14$625K
OccupancyLn 16$1.8M
TravelLn 17$371K
InterestLn 20$6.3M
Depreciation, depletion and amortizationLn 22$1.5M
InsuranceLn 23$17K
Other expenses (24a–d)Ln 24$6.1M
Total functional expensesLn 25$76.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $80.3M$76.3M$4.0M$115.8M 990 PDF
FY2023Filed with the IRS Nov 8, 2024 $75.9M$70.5M$5.5M$108.8M 990 PDF
FY2022Filed with the IRS Nov 11, 2023 $69.3M$62.5M$6.8M$117.2M 990 PDF
FY2021Filed with the IRS Nov 7, 2022 $79.3M$51.4M$27.9M$135.7M 990 PDF
FY2020Filed with the IRS Nov 11, 2021 $51.3M$48.8M$2.5M$114.1M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2024 990
Part I · Summary $80,303,046 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $65,431,008$69,167,186
I-10 Investment incomePrior year $10,437,861$11,168,008
I-11 Other revenuePrior year $54,940−$32,148
I-12 Total revenuePrior year $75,923,809$80,303,046
I-13 Grants and similar amounts paidPrior year $36,309$98,565
I-14 Benefits paid to membersPrior year $11,214,408$22,057,614
I-15 Salaries and benefitsPrior year $24,980,661$26,443,033
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $34,229,168$27,654,902
I-18 Total expensesPrior year $70,460,546$76,254,114
I-19 Revenue less expensesPrior year $5,463,263$4,048,932
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $80,303,046 across 5 lines filed
Lines not itemized here account for $1,248,488 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $66,795,297 · Unrelated business $1,123,401$67,918,698
VIII-3 Investment incomeExcluded from tax $11,182,292$11,182,292
VIII-6 Net rental income or lossExcluded from tax −$32,148−$32,148
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$14,284−$14,284
VIII-12 Total revenueRelated to mission $68,043,785 · Unrelated business $1,123,401 · Excluded from tax $11,135,860$80,303,046
Part IX · Statement of functional expenses $76,254,114 across 19 lines filed
IX-1 Grants to domestic organizations$98,565
IX-4 Benefits paid to or for members$22,057,614
IX-5 Pay of officers and key staff (Part IX, line 5)$5,332,207
IX-7 Other salaries and wages$16,551,275
IX-8 Pension plan contributions$433,608
IX-9 Other employee benefits$2,638,299
IX-10 Payroll taxes$1,487,644
IX-11b Legal fees$366,366
IX-11c Accounting fees$350,478
IX-11g Other fees for services$6,256,963
IX-12 Advertising and promotion$1,339,679
IX-13 Office expenses$2,622,148
IX-14 Information technology$625,336
IX-16 Occupancy$1,793,441
IX-17 Travel$370,554
IX-20 Interest$6,296,646
IX-22 Depreciation, depletion and amortization$1,507,631
IX-23 Insurance$16,566
IX-24 Other expenses (24a–d)$6,109,094
IX-25 Total functional expenses$76,254,114
Part X · Balance sheet $1,602,390,335 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $18,264,168$13,777,729
X-2 Savings and temporary cash investmentsStart of year $85,168,053$65,663,700
X-4 Accounts receivableStart of year $719,652$788,980
X-5 Loans to officers and key peopleStart of year $15,591,336$15,854,570
X-7 Notes and loans receivableStart of year $1,274,656,287$1,241,843,616
X-9 Prepaid expenses and deferred chargesStart of year $2,790,988$2,597,084
X-10c Land, buildings and equipment, netStart of year $21,489,943$21,587,882
X-11 Publicly traded securitiesStart of year $202,018,167$180,969,275
X-12 Other securitiesStart of year $27,319,240$27,352,870
X-15 Other assetsStart of year $31,649,172$31,954,629
X-16 Total assetsStart of year $1,679,667,006$1,602,390,335
X-17 Accounts payable and accrued expensesStart of year $22,172,739$21,865,244
X-19 Deferred revenueStart of year $52,727$52,576
X-21 Escrow or custodial accountsStart of year $1,579,361$1,538,038
X-23 Secured mortgages and notes payableStart of year $230,000,000$110,000,000
X-25 Other liabilitiesStart of year $1,317,092,344$1,353,135,639
X-26 Total liabilitiesStart of year $1,570,897,171$1,486,591,497
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $108,769,835$115,798,838
X-32 Total net assets or fund balancesStart of year $108,769,835$115,798,838
X-33 Total liabilities and net assetsStart of year $1,679,667,006$1,602,390,335
Part XI · Reconciliation of net assets $115,798,838 net assets at year end
XI-1 Total revenue$80,303,046
XI-2 Total expenses$76,254,114
XI-3 Revenue less expenses$4,048,932
XI-4 Net assets at start of year$108,769,835
XI-5 Net unrealized gains (losses) on investments$3,108,612
XI-9 Other changes in net assets−$128,541
XI-10 Net assets at end of year$115,798,838

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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