Overview
What is Cooperativa De Ahorro Y Credito Hatillo?
Cooperativa De Ahorro Y Credito Hatillo is a nonprofit organization situated in Hatillo, Puerto Rico. Their primary mission revolves around obtaining savings deposits from their members, acting as a source of financing in line with the cooperative movement philosophy. They provide financing terms, conditions, interest, and insurance benefits to their members, adhering to the cooperative movement's principles. The institution, with a workforce of 38 employees, operates in accordance with this mission, empowering its members financially.
Official website here: www.haticoop.com
Is Cooperativa De Ahorro Y Credito Hatillo legitimate?
Cooperativa De Ahorro Y Credito Hatillo is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cooperativa De Ahorro Y Credito Hatillo 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: $78,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,141,204
For more financial information, click here
Official website here: www.haticoop.com
What is the mission statement of Cooperativa De Ahorro Y Credito Hatillo?
The mission of Cooperativa De Ahorro Y Credito Hatillo, as per the cooperative movement philosophy, is to secure savings deposits from its members and utilize them as both shares and financing sources. This organization adheres to the cooperative philosophy in providing financing terms, interest, and insurance benefits to its members. The primary aim is to operate within the cooperative movement's principles.
Official website here: www.haticoop.com
Who is the CEO of Cooperativa De Ahorro Y Credito Hatillo?
Luis Gerena is the Executive President of Cooperativa De Ahorro Y Credito Hatillo.
Official website here: www.haticoop.com
What is the revenue of Cooperativa De Ahorro Y Credito Hatillo?
Cooperativa De Ahorro Y Credito Hatillo's revenue in 2022 was $7,701,719.
Official website here: www.haticoop.com
Who are the executives of Cooperativa De Ahorro Y Credito Hatillo and what are their salaries?
The average compensation at Cooperativa De Ahorro Y Credito Hatillo during 2022 was $32,084. There are 38 employees and 18 volunteers at Cooperativa De Ahorro Y Credito Hatillo.
There is 1 key member and their salary:
- Compensation: $78,000
- Related: $0
- Other: $0
Official website here: www.haticoop.com
Where can I find the form 990 for Cooperativa De Ahorro Y Credito Hatillo?
Cooperativa De Ahorro Y Credito Hatillo's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.haticoop.com
Learn more at the official website: www.haticoop.com
Mission Statement of Cooperativa De Ahorro Y Credito Hatillo
Cooperativa De Ahorro Y Credito Hatillo, as a cooperative, is committed to gathering saving deposits from its members as shares and deposits, serving as a source of financing. This aligns with the philosophy of the cooperative movement. During the fiscal year ending on June 30, 2022, the institution provided financing terms and conditions, interest, and insurance benefits to its members in accordance with this philosophy. In simpler terms, Cooperativa De Ahorro Y Credito Hatillo's mission is to facilitate savings among its members, utilizing these savings as a means of lending and providing financial benefits, all in line with the principles of the cooperative movement.
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Impact
October, 2024
Cooperativa De Ahorro Y Credito Hatillo plays a significant role in fostering financial stability and empowerment within its community. By obtaining savings deposits from its members, it creates a secure environment for individuals to grow their savings while also granting them access to financing options tailored to their needs. The cooperative operates under the principles of the cooperative movement, promoting shared ownership and collective benefit.
The cooperative's commitment to providing favorable financing terms, interest rates, and insurance benefits enhances the financial well-being of its members. This accessibility to financial resources especially supports individuals who may be underserved by traditional banking institutions, enabling them to invest in personal projects, education, and other important life goals.
Furthermore, by encouraging the culture of saving through shares and deposits, Cooperativa De Ahorro Y Credito Hatillo empowers its members to take control of their financial futures. This not only contributes to individual financial literacy and security but also strengthens the overall economic fabric of Hatillo, promoting community development and resilience. In summary, the cooperative serves as a vital institution that nurtures economic growth and enhances the quality of life for its members and the broader community.
This information is meant to be a general summary of Cooperativa De Ahorro Y Credito Hatillo. 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: $6,291,770
- Gross Receipts: $7,701,719
Assets and Liabilities:
- Total Assets: $149,166,933
- Total Liabilities: $99,233,910
- Net Assets: $49,933,023
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Organization Details
Founding Year
1958
Phone
(787) 898-3735Principal Officer
Luis Gerena
Main Address
PO BOX 95, HATILLO, PR, 006590095
Website
www.haticoop.comNTEE Category
Code: W60 - Public benefit
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