Cooperativa De Ahorro Y Credito De Ciales

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 660240789 ✦ Designated as a 501(c)(14)

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Overview

What is Cooperativa De Ahorro Y Credito De Ciales?

Cooperativa De Ahorro Y Credito De Ciales is a credit union established in Puerto Rico, specifically in Ciales. This nonprofit organization is dedicated to offering high-quality financial services, including savings accounts and loans, to both its members and non-members, adhering to cooperative principles. With a team of 30 employees, the credit union aims to provide its customers with essential banking services, contributing to their financial well-being.


Official website here: www.cialescoop.com/

Is Cooperativa De Ahorro Y Credito De Ciales legitimate?

Cooperativa De Ahorro Y Credito De Ciales is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cooperativa De Ahorro Y Credito De Ciales 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $620,991

For more financial information, click here


Official website here: www.cialescoop.com/

What is the mission statement of Cooperativa De Ahorro Y Credito De Ciales?

Cooperativa De Ahorro Y Credito De Ciales, as a credit union, is committed to providing quality savings and loan services to both its members and non-members. Their mission is centered around cooperative principles, aiming to offer reliable financial products and services to their clientele. The organization's primary goal is to cater to the savings and loan needs of its members, upholding the values of cooperation and mutual aid.


Official website here: www.cialescoop.com/

Who is the CEO of Cooperativa De Ahorro Y Credito De Ciales?

Jaime Lopez is the Trustee Not Paid By Credit Union of Cooperativa De Ahorro Y Credito De Ciales.


Official website here: www.cialescoop.com/

What is the revenue of Cooperativa De Ahorro Y Credito De Ciales?

Cooperativa De Ahorro Y Credito De Ciales's revenue in 2022 was $2,469,261.


Official website here: www.cialescoop.com/

Who are the executives of Cooperativa De Ahorro Y Credito De Ciales and what are their salaries?

The average compensation at Cooperativa De Ahorro Y Credito De Ciales during 2022 was $20,700. There are 30 employees at Cooperativa De Ahorro Y Credito De Ciales.


There is 1 key member and their salary:


Jaime Lopez (Trustee Not Paid By Credit Union)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cialescoop.com/

Where can I find the form 990 for Cooperativa De Ahorro Y Credito De Ciales?

Cooperativa De Ahorro Y Credito De Ciales's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cialescoop.com/

Learn more at the official website: www.cialescoop.com/

Mission Statement of Cooperativa De Ahorro Y Credito De Ciales

Cooperativa De Ahorro Y Credito De Ciales, as a credit union, is dedicated to providing high-quality financial services to its members and non-members. This organization adheres to cooperative principles, offering savings accounts and loans to individuals who seek their services. Their mission is to deliver reliable and effective financial products, including loans and deposit services, to their clientele. The credit union's primary objective is to cater to the financial needs of its members, ensuring they receive the best possible services based on cooperative principles.

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Impact




October, 2024

Cooperativa De Ahorro Y Credito De Ciales significantly impacts its community by offering accessible financial services, including savings accounts and loans for both members and nonmembers. By providing these essential financial products, the organization enables individuals to save, invest in their future, and access credit when needed.

The cooperative operates on core principles that prioritize quality service and product offerings, ensuring that customers receive the financial assistance necessary for their personal and business endeavors. This commitment to cooperative values fosters a sense of community, encouraging individuals to support one another while also enhancing their own financial well-being.

Additionally, by promoting financial literacy and responsible banking practices, Cooperativa De Ahorro Y Credito De Ciales plays a crucial role in empowering its members to make informed decisions about their finances. Overall, its operations contribute to the economic stability and growth of the local community, creating a positive ripple effect in the region.




This information is meant to be a general summary of Cooperativa De Ahorro Y Credito De Ciales. 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.

Revenue
$2,469,261 (2022)
Expenses
$3,758,497 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,781,501
  • Gross Receipts: $2,469,261

Assets and Liabilities:

  • Total Assets: $50,817,268
  • Total Liabilities: $57,658,209
  • Net Assets: -$6,840,941

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Organization Details

Founding Year

1954

Principal Officer

Jaime Lopez

NTEE Category

Code: W60 - Public benefit

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