Overview
What is Latino Community Credit Union?
The Latino Community Credit Union, based at 100 West Morgan Street in Durham, North Carolina (27701), is a credit union dedicated to offering affordable mortgages and consumer loans to its members. With a mission to provide ethical financial products and education, they empowered 118,789 members in 2022 through 10,199 loans. Among these loans, 550 were first-time homebuyers who received 777 home loans. With a workforce of 197 employees, the credit union's programs aim to make a positive impact within the community.
Official website here: www.latinoccu.org
Is Latino Community Credit Union legitimate?
Latino Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Latino Community Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $486,889
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,818,966
For more financial information, click here
What is the mission statement of Latino Community Credit Union?
The Latino Community Credit Union (LCCU) is dedicated to delivering ethical financial products and providing educational resources to empower communities. This mission is reflected in their activities, which include offering affordable mortgages and consumer loans to members. In 2022, LCCU extended a total of 10,199 loans to 118,789 members. Among these loans, 550 were granted as first-time homebuyer mortgages. The credit union's commitment to empowering individuals and communities extends beyond financial services, as they prioritize ethical business practices and strive to make a positive impact.
Official website here: www.latinoccu.org
Who is the CEO of Latino Community Credit Union?
Vicky Garcia is the Ceo of Latino Community Credit Union. The CEO's salary of Latino Community Credit Union is $445,120 and their total compensation is $488,035.
Official website here: www.latinoccu.org
What is the revenue of Latino Community Credit Union?
Latino Community Credit Union's revenue in 2022 was $57,822,762.
Official website here: www.latinoccu.org
Who are the executives of Latino Community Credit Union and what are their salaries?
The average compensation at Latino Community Credit Union during 2022 was $47,238. There are 197 employees and 14 volunteers at Latino Community Credit Union.
Here are 14 key members and their salaries (Latino Community Credit Union's CEO's salary is $445,120 and their total compensation is $488,035):
- Luis Pastor (Ceo)
- Roger Montes (Senior Vice President, Branch Coordination)
- Silvia Rincon (Senior Vice President, Member Experience)
- Vicky Garcia (Senior Vice President, Product And Risk Management)
- Irving Bustillo (Svp, Branch Support)
- Alison Yonas (Senior Vice President, Finance And Strategic Investment)
- David Brehmer (Chair) [Trustee/Director]
- Maria Scanga (Treasurer) [Trustee/Director]
- Lorena Patterson (Vice-Chair) [Trustee/Director]
- Farad Ali (Secretary) [Trustee/Director]
- Jerry Harmon (Director)
- John Herrera (Director)
- Jorge Archila (Director)
- Erika Bell (Director)
Official website here: www.latinoccu.org
Where can I find the form 990 for Latino Community Credit Union?
The Latino Community Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.latinoccu.org
Learn more at the official website: www.latinoccu.org
Mission Statement of Latino Community Credit Union
Latino Community Credit Union (LCCU) is a mission-driven financial institution dedicated to supplying ethical financial products and education to empower communities. By offering affordable mortgages and consumer loans, LCCU empowers its members to improve their financial situations. In 2022, LCCU granted a total of 10,199 loans to 118,789 members, with 550 of these loans being extended to first-time homebuyers. The credit union's commitment to community development extends beyond its financial offerings, as it aims to educate its members on responsible financial habits to ensure long-term financial growth. Through its ethical lending practices and educational initiatives, LCCU plays a crucial role in uplifting the economic well-being of the communities it serves.
Impact
This information is meant to be a general summary of Latino Community Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Latino Community Credit Union's impact is evident in its commitment to providing ethical financial products and education to empower communities. Through its programs, such as offering mortgages and consumer loans at affordable rates, LCCU has made a significant difference in the lives of its members. In 2022 alone, they provided 10,199 loans to 118,789 members, with 777 of those being home loans. A notable achievement was assisting 550 first-time homebuyers in obtaining home loans, helping them achieve the dream of homeownership. LCCU's presence in Durham, NC, reflects its dedication to serving and uplifting the community through its public benefit-driven initiatives.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Interest Income
Revenue
$44,894,848
Fees and Service Charges
Revenue
$6,118,080
Interchange Income
Revenue
$4,095,179
Organization Details
Founding Year
2000
Phone
(919) 688-9270
Principal Officer
Vicky Garcia
Main Address
100 West Morgan Street, Durham, NC, 27701
Website
www.latinoccu.org
NTEE Category
Code: W60 - Public benefit
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