Overview
What is Cooperativa De Ahorro Y Credito Camuy?
Cooperativa De Ahorro Y Credito Camuy is a Puerto Rican credit union located at 300 Baltazar Jimenez Avenue in Camuy. This nonprofit organization provides financial services primarily to the low-income sector of the population in Puerto Rico. Its mission includes offering loans, savings, and accounts, while also making social investments within the community. The credit union reported an interest income and other income of $15,010,171 and total expenses of $10,479,884. With 85 employees, Cooperativa De Ahorro Y Credito Camuy aims to improve financial well-being and contribute positively to its local community.
Is Cooperativa De Ahorro Y Credito Camuy legitimate?
Cooperativa De Ahorro Y Credito Camuy is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cooperativa De Ahorro Y Credito Camuy 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: $425,280
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,370,719
For more financial information, click here
What is the mission statement of Cooperativa De Ahorro Y Credito Camuy?
Cooperativa De Ahorro Y Credito Camuy is committed to serving the financial needs of Puerto Rico's low-income population. Through offering loans, savings, and accounts, the credit union aims to improve the economic situation of this sector. In addition to financial services, the cooperative makes social investments within the community. The mission of Cooperativa De Ahorro Y Credito Camuy is to provide essential financial tools and contribute to the betterment of the community it serves. With income of over $15 million and expenses of around $10.5 million, the organization effectively uses its resources to fulfill its objectives.
Who is the CEO of Cooperativa De Ahorro Y Credito Camuy?
Michele Franqui is the Executive President of Cooperativa De Ahorro Y Credito Camuy.
What is the revenue of Cooperativa De Ahorro Y Credito Camuy?
Cooperativa De Ahorro Y Credito Camuy's revenue in 2022 was $15,010,171.
Who are the executives of Cooperativa De Ahorro Y Credito Camuy and what are their salaries?
The average compensation at Cooperativa De Ahorro Y Credito Camuy during 2022 was $32,894. There are 85 employees at Cooperativa De Ahorro Y Credito Camuy.
Here are 13 key members and their salaries:
- Compensation: $192,053
- Related: $0
- Other: $0
- Compensation: $81,837
- Related: $0
- Other: $0
- Compensation: $80,697
- Related: $0
- Other: $0
- Compensation: $70,693
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cooperativa De Ahorro Y Credito Camuy?
Cooperativa De Ahorro Y Credito Camuy's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cooperativa De Ahorro Y Credito Camuy
Cooperativa De Ahorro Y Credito Camuy, a credit union, is dedicated to extending financial services primarily to Puerto Rico's low-income population. Through loans, savings, and accounts, this nonprofit organization seeks to empower individuals in this income sector with the financial resources they need. In addition to these essential services, the credit union invests in the community, contributing to its social development.
The mission of Cooperativa De Ahorro Y Credito Camuy is multifaceted. Primarily, it aims to provide financial services to those who may otherwise have limited access to them. By offering loans, savings, and accounts, the credit union enables individuals to take control of their financial situations and improve their lives. Furthermore, by making a social investment in the community, the organization fosters economic growth and development.
Cooperativa De Ahorro Y Credito Camuy's financial services play a pivotal role in the lives of its members. With loans, they can invest in their businesses, education, or home improvements. Savings accounts offer a safe place to store funds for emergencies or future goals. The credit union's accounts allow members to manage their money more effectively and efficiently. By focusing on the low-income sector, Cooperativa De Ahorro Y Credito Camuy promotes financial inclusion and economic mobility for those who need it most.
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Impact
October, 2024
Cooperativa De Ahorro Y Credito Camuy plays a vital role in enhancing the financial well-being of low-income individuals in Puerto Rico. By offering accessible loans, savings options, and financial accounts, it empowers a segment of the population that often faces barriers to traditional banking services.
With an interest income and other revenue amounting to $15,010,171 and total expenses of $10,479,884, the cooperative is able to sustain its operations while reinvesting in the community. This financial activity not only promotes personal financial growth among its members but also fosters a sense of community development through social investments.
By prioritizing the needs of the low-income sector, Cooperativa De Ahorro Y Credito Camuy directly contributes to economic stability and opportunity in the region, helping to uplift families and promote financial literacy and independence.
This information is meant to be a general summary of Cooperativa De Ahorro Y Credito Camuy. 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.
- Investment Income: $11,606,780
- Gross Receipts: $15,010,171
Assets and Liabilities:
- Total Assets: $290,823,177
- Total Liabilities: $192,719,285
- Net Assets: $98,103,892
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Organization Details
Founding Year
1954
Phone
(787) 898-4930Principal Officer
Michele Franqui
NTEE Category
Code: W60 - Public benefit
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