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Provident Credit Union

Foundation · Grantmaker Redwood City, CA EIN: 94-1482957 Website

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, PROVIDENT 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.

Key facts about Provident Credit Union

EIN
94-1482957
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$128,375
Grants made (2024)
10
Average grant
$12,838
Median grant
$10,000
New grantees (estimate)
50% first-time grantees (5 of 10, 2024)
Total assets
$3,546,468,170
Primary geography
California (92% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who Provident Credit Union funds

By grant dollars, the top recipient states for Provident Credit Union's 10 itemized 2024 grants were California (92%) and Iowa (8%). The most frequent recipient cities were Oakland, CA (3 grants) and San Jose, CA (2 grants). None of its 10 grants with a stated purpose were described as general or operating support.

Is Provident Credit Union open to new grantees?

50%

first-time grantees, 2024

In 2024, 5 of 10 grantees (50%) were first-time recipients. First grants averaged $10K; repeat grants $15K. How we count

Medians: $10K first-time, $10K repeat.

  • 30% of 2024 grantees were also funded in 2023. Method
  • Giving fell 27% from 2021 to 2024. Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.5B

+1.4% YoY

Annual Giving

$128K

-3.8% YoY

Grant Count

10

+25.0% YoY

Avg Grant Size

$13K

-23.1% YoY

About Provident Credit Union

Based on IRS filings

Provident Credit Union is a nonprofit organization, based in Redwood City, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.5B in total assets. In 2024, it awarded 10 grants totaling $128K. Net investment income was $27.5M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of all 10 itemized 2024 grant dollars.

Cities

OaklandRedwood CitySan JoseSan CarlosSan FranciscoSan MateoAlamedaCampbellDallasMillbraeBooneDanvilleMountain ViewSalt Lake CityWalnut Creek

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$45M$90M$135M$180M20202021202220232024
Metric202420232022
Total Assets$3,546,468,170$3,497,380,170$3,510,687,147
Revenue$163,813,640$145,149,155$112,950,041
Expenses$160,494,045$137,818,872$107,810,551
Qualifying Distributions———
Net Investment Income$27,547,858$19,596,721$15,765,485
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

$0$51K$102K$152K$203K19 grants202016 grants20219 grants20228 grants202310 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Cristo Rey De La Salle East Bay: $29KCristo Rey De La Salle EastBay$29KSan Jose State University: $20KSan Jose State University$20KHabitat for Humanity Greater San Francisco: $15KHabitat for Humanity GreaterSan Francisco$15KTower Foundation of Sjsu: $12KTower Foundation of Sjsu$12KOne Life Counseling: $10KOne Life Counseling$10KAmerican Heart Association: $10KAmerican Heart Association$10KOmega-Sigma Iota Scholarship Fund Inc: $10KOmega-Sigma Iota ScholarshipFund Inc$10KEasterseals Bay Area: $9KEasterseals Bay Area$9KRebuilding Together Peninsula: $8KRebuilding Together Peninsula$8KHabitat for Humanity East Bay: $6KHabitat for Humanity East Bay$6K

Grant Size Distribution

62 grants across all recorded years

59<$50K3$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Cristo Rey De La Salle East Bay ($29,375), San Jose State University ($20,000), Habitat for Humanity Greater San Francisco ($15,000).

RecipientPurposeAmount
CRISTO REY DE LA SALLE EAST BAY Oakland, CATO SUPPORT AND ENCOURAGE CORPORATE WORK STUDY PROGRAM.$29,375
SAN JOSE STATE UNIVERSITY San Jose, CATO PROMOTE COMMUNITY ENGAGEMENT AND FUNDRAISING FOR SJSU STUDENT PROGRAMS$20,000
HABITAT FOR HUMANITY GREATER SAN FRANCISCO San Francisco, CATO BRING PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES, AND HOPE.$15,000
TOWER FOUNDATION OF SJSU San Jose, CATO SUPPORT STUDENT CLUBS, CAMPUS CULTURE, AND PHILANTHROPY$11,500
ONE LIFE COUNSELING San Carlos, CATO SUPPORT MENTAL HEALTH AWARENESS AND COMMUNITY HEALING$10,000
AMERICAN HEART ASSOCIATION Boone, IATO PROMOTE CARDIOVASCULAR HEALTH AND FUND LIFESAVING RESEARCH AND PROGRAMS$10,000
OMEGA-SIGMA IOTA SCHOLARSHIP FUND INC Oakland, CATO BRING EDUCATIONAL SUPPORT AND FINANCIAL AID TO STUDENTS IN NEED$10,000
EASTERSEALS BAY AREA Walnut Creek, CATO SUPPORT DISABILITY SERVICES, REHABILITATION, AND INCLUSION PROGRAMS$8,500
REBUILDING TOGETHER PENINSULA Redwood City, CATO BRING PEOPLE TOGETHER TO REPAIR HOMES, COMMUNITIES, AND HELP OUR NEIGHBORS STAY IN THEIR HOMES.$8,000
HABITAT FOR HUMANITY EAST BAY Oakland, CATO BRING VOLUNTEER ENGAGEMENT AND COMMUNITY BUILDING$6,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

James Ernest — President/CEO: $1.2MJames ErnestPresident/CEO$1.2MJennifer Lee — SVP/Cfao: $552KJennifer LeeSVP/Cfao$552KFred Gomes — SVP: $446KFred GomesSVP$446KGanesh Raghavan — VP, Network Infrastructure & Security: $384KGanesh RaghavanVP, Network Infrastructure &…$384KGreg Kent McCurdy — VP, Lending: $360KGreg Kent McCurdyVP, Lending$360KJohn Haggarty — VP, Marketing: $344KJohn HaggartyVP, Marketing$344KJohn Paul Reilly — VP, BS&O: $336KJohn Paul ReillyVP, BS&O$336KEric Cardona — VP, It Dev Ops and Support: $303KEric CardonaVP, It Dev Ops and Support$303KShalini Sahdeo Narayan — VP, Service Quality: $293KShalini Sahdeo NarayanVP, Service Quality$293KPaul Shea — VP, Human Resources: $257KPaul SheaVP, Human Resources$257KMohamad a Sangabi — Sr. Mortgage Cons.: $250KMohamad a SangabiSr. Mortgage Cons.$250KJanelle Huynh — VP, Finance: $230KJanelle HuynhVP, Finance$230KChristine M Keane — VP, Risk Management: $223KChristine M KeaneVP, Risk Management$223KFatemeh Asad Sangabi — Sr. Mortgage Cons.: $186KFatemeh Asad SangabiSr. Mortgage Cons.$186KDavid Herrera Jr — Sr. Mortgage Cons.: $151KDavid Herrera JrSr. Mortgage Cons.$151KPhuong Patricia Jacobs — Mortgage Counselor I: $149KPhuong Patricia JacobsMortgage Counselor I$149KNorman Whiteman — Sr. Mortgage Cons.: $126KNorman WhitemanSr. Mortgage Cons.$126K

From 2024 IRS filing

NameTitleHoursCompensation
June RotheChairman2—
Samuel Johnson JrVice Chairman2—
Christine BolandSecretary2—
David BuckmasterTreasurer2—
David PelznerBoard Member2—
Scott O'BrienBoard Member2—
Bob LanzoneBoard Member2—
George DescalsoBoard Member2—
Andrea KenterBoard Member2—
Scott McWhirterSupv Cmte Chair2—
Rosanne FoustSupv Cmte Member2—
Kenneth RubaySupv Cmte Member2—
Gregory TesharaSupv Cmte Member2—
Todd McCormackSupv Cmte Member2—
James ErnestPresident/CEO40$1,151,218
Jennifer LeeSVP/Cfao40$552,486
Fred GomesSVP40$446,079
Ganesh RaghavanVP, Network Infrastructure & Security40$383,853
Greg Kent McCurdyVP, Lending40$359,661
John HaggartyVP, Marketing40$343,962
John Paul ReillyVP, BS&O40$335,952
Eric CardonaVP, It Dev Ops and Support40$303,176
Shalini Sahdeo NarayanVP, Service Quality40$293,115
Paul SheaVP, Human Resources40$257,113
Janelle HuynhVP, Finance40$229,894
Christine M KeaneVP, Risk Management40$223,062
Mohamad a SangabiSr. Mortgage Cons.40$249,953
Fatemeh Asad SangabiSr. Mortgage Cons.40$185,857
David Herrera JrSr. Mortgage Cons.40$151,097
Phuong Patricia JacobsMortgage Counselor I40$148,894
Norman WhitemanSr. Mortgage Cons.40$125,750

Frequently Asked Questions

How large is Provident Credit Union?

As of 2024, Provident Credit Union holds $3.5B in total assets with $163.8M in annual revenue. It awarded 10 grants totaling $128K in 2024.

Where does Provident Credit Union operate?

Provident Credit Union has awarded grants in California, Iowa, Texas, Utah.

What size grants does Provident Credit Union award?

In 2024, Provident Credit Union awarded 10 grants totaling $128K — an average of about $13K per grant, based on its IRS Form 990 filings.

What is Provident Credit Union's EIN?

Provident Credit Union's EIN (Employer Identification Number) is 94-1482957. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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