Overview
What is Cooperativa De Ahorro Y Credito De Isabela?
Cooperativa De Ahorro Y Credito De Isabela is a nonprofit credit union based in Isabela, Puerto Rico. Their primary focus is to offer savings and credit products for their members. They provide essential financial services, such as loans, to help members improve their financial situations. Any excess income generated from operations is distributed among the members. In summary, Cooperativa De Ahorro Y Credito De Isabela functions as a community-driven financial cooperative, dedicated to empowering its members through access to savings accounts and affordable loans.
Official website here: www.isabelacoop.com
Is Cooperativa De Ahorro Y Credito De Isabela legitimate?
Cooperativa De Ahorro Y Credito De Isabela is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cooperativa De Ahorro Y Credito De Isabela 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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $215,354
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,535,714
For more financial information, click here
Official website here: www.isabelacoop.com
What is the mission statement of Cooperativa De Ahorro Y Credito De Isabela?
Cooperativa De Ahorro Y Credito De Isabela is committed to providing savings accounts and loans to its credit union members. The Cooperative aims to distribute any net income and surplus generated from operations amongst its members. In essence, it serves as a financial cooperative, offering credit and savings products to its members. By doing so, it empowers individuals to save and access loans when needed, thereby promoting financial security and stability within the community.
Official website here: www.isabelacoop.com
Who is the CEO of Cooperativa De Ahorro Y Credito De Isabela?
Luis A Perez Hernandez is the Ceo of Cooperativa De Ahorro Y Credito De Isabela. The CEO's salary of Cooperativa De Ahorro Y Credito De Isabela is $215,354 and their total compensation is $430,708.
Official website here: www.isabelacoop.com
What is the revenue of Cooperativa De Ahorro Y Credito De Isabela?
Cooperativa De Ahorro Y Credito De Isabela's revenue in 2022 was $14,103,746.
Official website here: www.isabelacoop.com
Who are the executives of Cooperativa De Ahorro Y Credito De Isabela and what are their salaries?
There 13 volunteers at Cooperativa De Ahorro Y Credito De Isabela.
There is 1 key member and their salary:
- Compensation: $215,354
- Related: $0
- Other: $215,354
Official website here: www.isabelacoop.com
Where can I find the form 990 for Cooperativa De Ahorro Y Credito De Isabela?
Cooperativa De Ahorro Y Credito De Isabela's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.isabelacoop.com
Learn more at the official website: www.isabelacoop.com
Mission Statement of Cooperativa De Ahorro Y Credito De Isabela
Cooperativa De Ahorro Y Credito De Isabela, a renowned credit union, is dedicated to offering savings accounts and loans to its members. The organization's primary mission revolves around empowering its members by providing them with financial services aimed at improving their economic situation.
Through its operations, the credit union generates a net income and surplus, which it distributes among its members. This unique approach allows the Cooperativa to not only offer affordable financial products but also contribute to the economic well-being of its community. In simple terms, the Cooperativa acts as a financial cooperative, where members pool their resources together to help one another achieve their financial goals.
The heart of Cooperativa De Ahorro Y Credito De Isabela's mission lies in its commitment to providing accessible savings and credit services. By offering these essential financial products, the credit union enables its members to build a solid financial foundation, save for future needs, and access credit when necessary. In doing so, the Cooperativa plays a vital role in promoting financial inclusion and economic stability within its membership base.
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Impact
October, 2024
Cooperativa De Ahorro Y Credito De Isabela plays a vital role in enhancing the financial well-being of its members by providing essential savings and credit products. By offering loans to its members, the cooperative facilitates access to financial resources, enabling individuals and families in Isabela, PR, to invest in their education, start businesses, or cover unexpected expenses.
The distribution of any net income and surplus generated from its operations among members fosters a sense of community and solidarity, encouraging responsible financial practices and encouraging saving habits. This not only strengthens the cooperative's impact on individual members but also contributes to the broader economic stability of the region.
Through its mission to promote financial inclusion and empower its members, Cooperativa De Ahorro Y Credito De Isabela enhances public benefit, creating a supportive environment for economic growth and personal development within the community.
This information is meant to be a general summary of Cooperativa De Ahorro Y Credito De Isabela. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Program Service Revenue: $14,103,746
- Gross Receipts: $14,103,746
Assets and Liabilities:
- Total Assets: $359,459,273
- Total Liabilities: $234,817,664
- Net Assets: $124,641,609
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Organization Details
Founding Year
1954
Phone
(787) 872-2265Principal Officer
Luis A Perez Hernandez
Main Address
PO BOX 552, ISABELA, PR, 00662
Website
www.isabelacoop.comNTEE Category
Code: W60 - Public benefit
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