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Pacific Postal Credit Union

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$10.5M (2023)

Expenses
$9.02M (2023)

Total Assets
$237M (2023)

Total Liabilities
$204M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,516,194
Expenses
$9,018,123
Net Income
$1,498,071
Net Assets
$32,505,961
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,278,499
59.7%
Investment Income $4,237,695
40.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $616,858
6.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,218,702
24.6%
Assets/Debt
Total Assets $236,503,849
Total Liabilities $203,997,888
Net Assets $32,505,961
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Fardad Khosravi (President & Ceo) $332,884 $0 $101,506
Paul Lindsley (Cfo) $160,272 $0 $22,196
David Clark (It Manager) $140,664 $0 $21,195
Karole Morikawa (Marketing Manager) $132,810 $0 $21,802
Cyndee Lemon (Operations Manager) $129,675 $0 $24,068
Elsa Pham (Marketing Manager) $128,530 $0 $23,736
Carol Croteau (Vice Chair) $0 $0 $0
Marie Furtado (Director) $0 $0 $0
Michael Medlin (Secretary, Treasurer) $0 $0 $0
Johanna Rocha (Director) $0 $0 $0
Robert Scaletta (Director) $0 $0 $0
Richard Silveria (Director) $0 $0 $0
Roger Somer (Chair) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,633,896
Expenses
$6,796,679
Net Income
$837,217
Net Assets
$29,810,239
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,563,409
72.9%
Investment Income $2,070,487
27.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $573,581
8.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,005,265
29.5%
Assets/Debt
Total Assets $239,600,553
Total Liabilities $209,790,314
Net Assets $29,810,239
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Fardad Khosravi (President & Ceo) $322,420 $0 $85,171
Paul Lindsley (Cfo) $151,000 $0 $14,990
David Clark (It Manager) $132,905 $0 $15,756
Karole Morikawa (Marketing Manager) $126,540 $0 $22,371
Elsa Pham (Marketing Manager) $124,843 $0 $17,067
Cyndee Lemon (Operations Manager) $123,522 $0 $18,887
Carol Croteau (Vice Chair) $0 $0 $0
Marie Furtado (Director) $0 $0 $0
Michael Medlin (Director) $0 $0 $0
Johanna Rocha (Secretary, Treasurer) $0 $0 $0
Robert Scaletta (Director) $0 $0 $0
Richard Silveria (Director) $0 $0 $0
Roger Somer (Chair) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,861,841
Expenses
$6,062,035
Net Income
$799,806
Net Assets
$35,861,217
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,175,320
75.4%
Investment Income $1,687,020
24.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$499
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $467,610
7.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,998,818
33.0%
Assets/Debt
Total Assets $255,571,467
Total Liabilities $219,710,250
Net Assets $35,861,217
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Fardad Khosravi (President & Ceo) $281,851 $0 $27,559
Paul Lindsley (Cfo) $143,216 $0 $14,984
David Clark (It Manager) $123,040 $0 $14,978
Karole Morikawa (Marketing Manager) $122,497 $0 $18,725
Elsa Pham (Marketing Manager) $119,230 $0 $16,403
Cyndee Lemon (Operations Manager) $113,314 $0 $15,455
Richard Silveria (Chair) $0 $0 $0
Roger Somer (Vice Chair) $0 $0 $0
Johanna Rocha (Secretary, Treasurer) $0 $0 $0
Carol Croteau (Director) $0 $0 $0
Marie Furtado (Director) $0 $0 $0
Michael Medlin (Director) $0 $0 $0
Robert Scaletta (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,478,389
Expenses
$6,608,979
Net Income
$869,410
Net Assets
$35,683,453
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,041,740
67.4%
Investment Income $2,394,245
32.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $42,404
0.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $461,508
7.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,844,347
27.9%
Assets/Debt
Total Assets $243,282,825
Total Liabilities $207,599,372
Net Assets $35,683,453
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Fardad Khosravi (President & Ceo) $274,279 $0 $29,856
Paul Lindsley (Cfo) $139,428 $0 $15,931
Karole Morikawa (Vp Marketing) $119,950 $0 $18,682
David Clark (It Manager) $119,698 $0 $15,495
Elsa Pham (Vp Lending) $116,736 $0 $16,990
Cyndee Lemon (Operations Manager) $102,767 $0 $17,439
Robert Scaletta (Chair) $0 $0 $0
Richard Silveria (Vice Chair) $0 $0 $0
Marie Furtado (Secretary, Treasurer) $0 $0 $0
Inderjit Chahal (Director) $0 $0 $0
Carol Croteau (Director) $0 $0 $0
Michael Medlin (Director) $0 $0 $0
Johanna Rocha (Director) $0 $0 $0
Roger Somer (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,043,628
Expenses
$8,881,683
Net Income
$1,161,945
Net Assets
$33,918,429
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,131,090
51.1%
Investment Income $4,991,826
49.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$79,288
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $392,991
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,778,690
20.0%
Assets/Debt
Total Assets $224,203,026
Total Liabilities $190,284,597
Net Assets $33,918,429
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Fardad Khosravi (President & Ceo) $259,095 $0 $17,297
Paul Lindsley (Cfo) $133,896 $0 $3,352
Kenneth Klingbeil (Senior Branch Manager) $123,869 $0 $7,746
Karole Morikawa (Vp Marketing) $115,668 $0 $7,935
Elsa Pham (Vp Lending) $111,287 $0 $7,790
David Clark (It Manager) $110,016 $0 $6,892
Robert Scaletta (Chair) $0 $0 $0
Richard Silveria (Vice Chair) $0 $0 $0
Marie Furtado (Secretary/Treasurer) $0 $0 $0
Carol Croteau (Director) $0 $0 $0
Michael Medlin (Director) $0 $0 $0
Johanna Rocha (Director) $0 $0 $0
Roger Somer (Director) $0 $0 $0
Inderjit Chahal (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,678,325
Expenses
$8,007,302
Net Income
$1,671,023
Net Assets
$29,894,432
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,842,546
50.0%
Investment Income $4,835,779
50.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $568,565
7.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,466,761
18.3%
Assets/Debt
Total Assets $221,667,160
Total Liabilities $191,772,728
Net Assets $29,894,432
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Fardad Khosravi (President & Ceo) $414,300 $0 $30,506
Karole Morikawa (Vp Marketing) $113,251 $0 $19,503
Paul Lindsley (Cfo) $111,273 $0 $9,880
Elsa Pham (Vp Lending) $108,290 $0 $20,594
Kenneth Klingbeil (Senior Branch Manager) $107,030 $0 $26,836
David Clark (It Manager) $100,555 $0 $13,300
Robert Scaletta (Chair) $0 $0 $0
Richard Silveria (Vice Chair) $0 $0 $0
Lashon Fischer Anderson (Vice Chair (Final Term)) $0 $0 $0
Marie Furtado (Secretary/Treasurer) $0 $0 $0
Inderjit Chahal (Director) $0 $0 $0
Carol Croteau (Director) $0 $0 $0
Michael Medlin (Director) $0 $0 $0
Johanna Rocha (Director) $0 $0 $0
Jeoungrim Shin (Director (Final Term)) $0 $0 $0
Roger Somer (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,396,976
Expenses
$6,720,708
Net Income
$1,676,268
Net Assets
$30,926,296
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,275,140
50.9%
Investment Income $4,121,836
49.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,540,748
22.9%
Professional Fundraising Fees $0
Other Salaries and Wages $302,213
4.5%
Assets/Debt
Total Assets $220,943,903
Total Liabilities $190,017,607
Net Assets $30,926,296
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jan Meere (President & Ceo (1/1/17 5/31/17)) $1,232,612 $0 $31,915
Fardad Khosravi (President & Ceo (As Of 6/1/17)) $218,078 $0 $56,720
Karole Morikawa (Vp Marketing) $110,459 $0 $18,236
Elsa Pham (Vp Lending) $106,121 $0 $16,867
Kenneth Klingbeil (Senior Branch Manager) $103,821 $0 $23,222
Michael Medlin (Chair) $0 $0 $0
Lashon Fischer Anderson (Vice Chair) $0 $0 $0
Joseph Cole (Secretary/Treasurer) $0 $0 $0
Richard Silveria (Director) $0 $0 $0
Marie Furtado (Director) $0 $0 $0
Roger Somer (Director) $0 $0 $0
Carol Croteau (Director) $0 $0 $0
Robert Scaletta (Director) $0 $0 $0
Jeoungrim Shin (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,578,820
Expenses
$6,551,794
Net Income
$1,027,026
Net Assets
$30,102,712
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,200,024
55.4%
Investment Income $3,380,879
44.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$2,083
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $494,587
7.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,491,921
22.8%
Assets/Debt
Total Assets $216,752,575
Total Liabilities $186,649,863
Net Assets $30,102,712
Compensation
Key Employees and Officers Compensation Related Other
Jan Meere (President & Ceo) $263,719 $0 $229,869
Fardad Khosravi (Evp) $180,948 $0 $46,628
Karole Morikawa (Vp Marketing) $108,150 $0 $17,670
Elsa Pham (Vp Lending) $103,283 $0 $9,888
Michael Medlin (Chair) $0 $0 $0
Lashon Fischer Anderson (Vice Chair) $0 $0 $0
Joseph Cole (Secretary/Treasurer) $0 $0 $0
Richard Silveria (Director) $0 $0 $0
Marie Furtado (Director) $0 $0 $0
Roger Somer (Director) $0 $0 $0
Carol Croteau (Director) $0 $0 $0
Robert Scaletta (Director) $0 $0 $0
Jeoungrim Shin (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,754,443
Expenses
$5,969,878
Net Income
$784,565
Net Assets
$29,832,586
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,671,117
54.4%
Investment Income $2,692,725
39.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $390,601
5.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $280,705
4.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,520,472
25.5%
Assets/Debt
Total Assets $214,954,140
Total Liabilities $185,121,554
Net Assets $29,832,586
Compensation
Key Employees and Officers Compensation Related Other
Jan Meere (President & Ceo) $250,879 $0 $26,850
Fardad Khosravi (Evp) $173,121 $0 $20,649
Karole Morikawa (Vp Marketing) $106,534 $0 $15,290
Elsa Pham (Vp Lending) $100,978 $0 $7,520
Carol Croteau (Chair) $0 $0 $0
Michael Medlin (Vice Chair) $0 $0 $0
Joseph Cole (Secretary/Treasurer) $0 $0 $0
Richard Silveria (Director) $0 $0 $0
Marie Furtado (Director) $0 $0 $0
Roger Somer (Director) $0 $0 $0
Lashon Fischer Anderson (Director) $0 $0 $0
Robert Scaletta (Director) $0 $0 $0
Andrea Reede (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,768,107
Expenses
$5,291,951
Net Income
$1,476,156
Net Assets
$28,000,248
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,678,510
54.4%
Investment Income $2,759,967
40.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $329,630
4.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $407,166
7.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,434,031
27.1%
Assets/Debt
Total Assets $205,898,609
Total Liabilities $177,898,361
Net Assets $28,000,248
Compensation
Key Employees and Officers Compensation Related Other
Jan Meere (President & Ceo) $237,491 $0 $168,688
Fardad Khosravi (Evp) $163,929 $0 $40,655
Karole Morikawa (Vp Marketing) $102,231 $0 $7,566
Carol Croteau (Chair) $0 $0 $0
Michael Medlin (Vice Chair) $0 $0 $0
Joseph Cole (Secretary/Treasurer) $0 $0 $0
Richard Silveria (Director) $0 $0 $0
Marie Furtado (Director) $0 $0 $0
Roger Somer (Director) $0 $0 $0
Lashon Fischer Anderson (Director) $0 $0 $0
Robert Scaletta (Director) $0 $0 $0
Andrea Reede (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,768,279
Expenses
$6,490,942
Net Income
$1,277,337
Net Assets
$25,272,770
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,645,226
46.9%
Investment Income $3,806,434
49.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $316,619
4.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $351,958
5.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,455,296
22.4%
Assets/Debt
Total Assets $199,835,128
Total Liabilities $174,562,358
Net Assets $25,272,770
Compensation
Key Employees and Officers Compensation Related Other
Jan Meere (President & Ceo) $223,754 $0 $128,204
Fardad Khosravi (Evp) $156,028 $0 $27,715
Robert Scaletta (Chair) $0 $0 $0
Carol Croteau (Vice Chair) $0 $0 $0
Michael Medlin (Secretary/Treasurer) $0 $0 $0
Richard Silveria (Director) $0 $0 $0
Marie Furtado (Director) $0 $0 $0
Roger Somer (Director) $0 $0 $0
Lashon Fischer Anderson (Director) $0 $0 $0
Joseph Cole (Director) $0 $0 $0
Andrea Reede (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,825,395
Expenses
$6,586,497
Net Income
$1,238,898
Net Assets
$27,420,821
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,692,243
47.2%
Investment Income $3,794,277
48.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $26,670
0.3%
Net Inventory Sales $0
Other Revenue $312,205
4.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $335,908
5.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,356,116
20.6%
Assets/Debt
Total Assets $202,007,134
Total Liabilities $174,586,313
Net Assets $27,420,821

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,186,343
Expenses
$5,964,621
Net Income
$1,221,722
Net Assets
$23,539,447
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,889,120
54.1%
Investment Income $3,011,010
41.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $286,213
4.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $214,358
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,307,932
21.9%
Assets/Debt
Total Assets $187,998,630
Total Liabilities $164,459,183
Net Assets $23,539,447

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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