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USC Credit Union

Not tax-deductible

Los Angeles, CAMutual-benefit / member-servingSince 1973EIN 95-4110181Revenue $37.3M in FY2025

On file with the IRSusccreditunion.org3720 S Flower St 4th Floor, 90089-4304 · Los Angeles, CATax-exempt since Sep 1961

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To provide financial services to our core membership. Our core membership is the faculty, staff, students, and alumni of the university of southern california.

Run by 13 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $3.1M a year · 11% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
13 mo
of spending, in cash
Looks good: 12.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$656.1M
93% of total assets
Concern: liabilities are 93% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$37.3M
+3% vs prior year
Spent
$32.9M
Net assets
$48.3M
By yearFY2020–FY2025
Revenue
$37.3M
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$25.5M
FY2021$22.8M
FY2022$21.7M
FY2023$30.5M
FY2024$36.2M
FY2025$37.3M
Expenses
$32.9M
FY2025+0.4%
Tap a bar for its year
Expenses by fiscal year
FY2020$22.8M
FY2021$20.4M
FY2022$20.7M
FY2023$26.0M
FY2024$32.8M
FY2025$32.9M
Net assets
$48.3M
FY2025▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$52.4M
FY2021$53.8M
FY2022$43.8M
FY2023$42.5M
FY2024$42.6M
FY2025$48.3M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1961.

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

Who runs it and what they're paid

21 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Gary Perez
Chief Executive Officer
$0Pt VII · Sec A
Michael Rogers
Chief Financial Officer
$0Pt VII · Sec A
David Schauer-West - Chief
Information Officer (left 12/24)
$0Pt VII · Sec A
Tonya Perez-Wright
Chief Experience Officer
$0Pt VII · Sec A
Daniel Cohen
VP, Information Technology
$0Pt VII · Sec A
Rocio Flores
Chief Social Impact Officer
$0Pt VII · Sec A
Sandra Alvidrez
Chief Marketing Officer
$0Pt VII · Sec A
Teresa Denison
Chief Marketing Officer (left 7/24)
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Gary Perez$330,479$314,325$319,284$302,350$293,520
Michael Rogers$201,681$192,617$179,554$178,901$54,113
Tere Denison—$171,772$123,784$183,230$190,115
Jeff Gallery$189,261$181,440$158,863——
David Schauer-West$184,808$179,480$171,416$165,905$165,473
Adam Ennett———$122,106$182,992
Teresa Denison$180,995————
Tonya Perez-Wright$162,979————

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 USC Credit Union executive salaries →

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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

Programs and updates

Offers financial services to USC faculty, staff, students, and alumni.

Questions for USC Credit Union

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

Provided by the organization

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1 program · in their own filed words · FY2024
01

Usc credit union is a not-for-profit cooperative founded to fuel members' financial dreams and enhance the quality of life in the communities we serve. Our mission is to provide affordable products and services, financial guidance, and the resources to support our communities' economic well-being and generational wealth BUILDING.IN…

Pt IX · 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 · 13 grants · $282K · 2019–2024
University of Southern CaliforniaCA · FY2024$33,150
USC Credit Union Community FoundationCA · FY2024$30,000
California Credit Union LeagueCA · FY2024$10,500
University of Southern CaliforniaCA · FY2023$26,850
California Credit Union LeagueCA · FY2023$10,296
University of Southern CaliforniaCA · FY2022$41,666
California Credit Union LeagueCA · FY2022$10,353
University of Southern CaliforniaCA · FY2021$25,000
California Credit Union LeagueCA · FY2021$11,707
USC Credit Union Community FoundationCA · FY2020$45,000
University of Southern CaliforniaCA · FY2020$11,500
University of Southern CaliforniaCA · FY2019$20,000
A Sense of HomeCA · FY2019$6,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$37.3M
Ln 12
Fees for servicesLn 2g$32.3M
Investment incomeLn 3$4.6M
Other incomeLn 4–11$397K
Money outPt IX
$32.9M
Ln 25
Owns and owesPt X
$48.3M
net assets · Ln 32
Cash and savingsLn 1–2$35.2M
Total assetsLn 16$704.5M
LiabilitiesLn 26$656.1M
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$32.3M
Investment incomeLn 3$4.6M
Other incomeLn 4–11$397K
Gains on assetsLn 7$3K
Total revenueLn 12$37.3M
Assets in detailPt X, end of year
CashLn 1$5.7M
SavingsLn 2$29.6M
Cash and savings togetherLn 1–2$35.2M
InvestmentsLn 11–13$108.0M
Land, buildings, equipmentLn 10c$13.4M
Other assetsLn 15$12.1M
Total assetsLn 16$704.5M
LiabilitiesLn 26$656.1M
Net assetsLn 32$48.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 613
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$75.9M$35.2M
InvestmentsLn 11–13$124.9M$108.0M
Land, buildings, equipmentLn 10c$13.8M$13.4M
Total assetsLn 16$741.1M$704.5M
LiabilitiesLn 26$698.5M$656.1M
Net assetsLn 32$42.6M$48.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$100K
Benefits paid to or for membersLn 4$8.1M
Pay of current officers, directors and key staffLn 5$1.6M
Other salaries and wagesLn 7$6.4M
Pension plan contributionsLn 8$580K
Other employee benefitsLn 9$2.1M
Payroll taxesLn 10$598K
Legal feesLn 11b$170K
Accounting feesLn 11c$82K
Lobbying feesLn 11d$10K
Other fees for servicesLn 11g$1.4M
Advertising and promotionLn 12$1.0M
Office expensesLn 13$846K
Information technologyLn 14$2.1M
OccupancyLn 16$418K
TravelLn 17$99K
Conferences, conventions and meetingsLn 19$6K
InterestLn 20$1.6M
Depreciation, depletion and amortizationLn 22$539K
InsuranceLn 23$165K
Other expenses (24a–d)Ln 24$5.0M
Total functional expensesLn 25$32.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $37.3M$32.9M$4.4M$48.3M 990 PDF
FY2024 $36.2M$32.8M$3.4M$42.6M 990 PDF
FY2023 $30.5M$26.0M$4.5M$42.5M 990 PDF
FY2022 $21.7M$20.7M$934K$43.8M 990 PDF
FY2021 $22.8M$20.4M$2.4M$53.8M 990 PDF
FY2020 $25.5M$22.8M$2.8M$52.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $37,287,033 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $30,124,646$32,324,658
I-10 Investment incomePrior year $5,579,171$4,565,102
I-11 Other revenuePrior year $467,295$397,273
I-12 Total revenuePrior year $36,171,112$37,287,033
I-13 Grants and similar amounts paidPrior year $61,905$100,425
I-14 Benefits paid to membersPrior year $6,632,789$8,078,787
I-15 Salaries and benefitsPrior year $11,306,302$11,251,952
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $14,792,301$13,488,624
I-18 Total expensesPrior year $32,793,297$32,919,788
I-19 Revenue less expensesPrior year $3,377,815$4,367,245
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $37,287,033 across 6 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $32,273,792 · Unrelated business $50,866$32,324,658
VIII-3 Investment incomeExcluded from tax $4,562,263$4,562,263
VIII-6 Net rental income or lossExcluded from tax $141,044$141,044
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,839$2,839
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $256,229$256,229
VIII-12 Total revenueRelated to mission $32,530,021 · Unrelated business $50,866 · Excluded from tax $4,706,146$37,287,033
Part IX · Statement of functional expenses $32,919,788 across 21 lines filed
IX-1 Grants to domestic organizations$100,425
IX-4 Benefits paid to or for members$8,078,787
IX-5 Pay of current officers, directors and key staff$1,628,528
IX-7 Other salaries and wages$6,386,957
IX-8 Pension plan contributions$580,086
IX-9 Other employee benefits$2,057,993
IX-10 Payroll taxes$598,388
IX-11b Legal fees$169,531
IX-11c Accounting fees$82,211
IX-11d Lobbying fees$10,500
IX-11g Other fees for services$1,409,673
IX-12 Advertising and promotion$1,018,876
IX-13 Office expenses$845,778
IX-14 Information technology$2,107,663
IX-16 Occupancy$417,986
IX-17 Travel$98,735
IX-19 Conferences, conventions and meetings$6,153
IX-20 Interest$1,601,105
IX-22 Depreciation, depletion and amortization$539,414
IX-23 Insurance$165,441
IX-24 Other expenses (24a–d)$5,015,558
IX-25 Total functional expenses$32,919,788
Part X · Balance sheet $704,480,994 assets, 14 lines filed
Asset lines not itemized here account for $531,909,800; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $6,096,185$5,689,065
X-2 Savings and temporary cash investmentsStart of year $69,777,363$29,552,970
X-4 Accounts receivableStart of year $2,189,595$2,518,970
X-9 Prepaid expenses and deferred chargesStart of year $965,694$1,372,978
X-10c Land, buildings and equipment, netStart of year $13,846,957$13,417,815
X-11 Publicly traded securitiesStart of year $119,157,647$102,401,124
X-12 Other securitiesStart of year $5,779,044$5,557,516
X-15 Other assetsStart of year $13,362,212$12,060,756
X-16 Total assetsStart of year $741,105,315$704,480,994
X-17 Accounts payable and accrued expensesStart of year $12,076,862$8,054,513
X-25 Other liabilitiesStart of year $622,463,126$619,088,197
X-26 Total liabilitiesStart of year $698,539,988$656,142,710
X-32 Total net assets or fund balancesStart of year $42,565,327$48,338,284
X-33 Total liabilities and net assetsStart of year $741,105,315$704,480,994
Part XI · Reconciliation of net assets $48,338,284 net assets at year end
XI-1 Total revenue$37,287,033
XI-2 Total expenses$32,919,788
XI-3 Revenue less expenses$4,367,245
XI-4 Net assets at start of year$42,565,327
XI-5 Net unrealized gains (losses) on investments$4,383,712
XI-9 Other changes in net assets−$2,978,000
XI-10 Net assets at end of year$48,338,284

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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