Cooperativa De Ahorro Y Credito De Florida

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

EIN: 660264535 ✦ Florida, PR ✦ Designated as a 501(c)(14)

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Overview

What is Cooperativa De Ahorro Y Credito De Florida?

Cooperativa De Ahorro Y Credito De Florida is a nonprofit organization nestled in Florida, specifically at PO Box 1162, with a mission to provide financial services to its members and the community at large. Established as a cooperative, it collects savings from its members in the form of shares and deposits, offering these financial services in return. The organization boasts a dedicated workforce of 27 individuals, ensuring a strong commitment to serving its community.


Official website here: www.floridacoop.com

Is Cooperativa De Ahorro Y Credito De Florida legitimate?

Cooperativa De Ahorro Y Credito De Florida is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cooperativa De Ahorro Y Credito De Florida 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: $135,231
Professional Fundraising Fees: $0
Other Salaries and Wages: $388,394

For more financial information, click here


Official website here: www.floridacoop.com

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

Cooperativa De Ahorro Y Credito De Florida, as a non-profit organization, primarily focuses on receiving savings from its members in the form of shares and deposits. Its mission is to extend financial services to its members and the community at large. The credit union continually provides various financial services to its members, aiming to meet their financial needs effectively. By doing so, the organization contributes to the financial well-being of its members and the broader community. The credit union's mission is not just limited to its members but extends to serving the community as a whole, offering a range of financial services to cater to their needs.


Official website here: www.floridacoop.com

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

Xiomara Pagan Sotomayor is the Executive President of Cooperativa De Ahorro Y Credito De Florida.


Official website here: www.floridacoop.com

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

Cooperativa De Ahorro Y Credito De Florida's revenue in 2022 was $3,033,328.


Official website here: www.floridacoop.com

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

The average compensation at Cooperativa De Ahorro Y Credito De Florida during 2022 was $19,394. There are 27 employees and 7 volunteers at Cooperativa De Ahorro Y Credito De Florida.


Here are 3 key members and their salaries:


Xiomara Pagan Sotomayor (Executive President)
  • Compensation: $43,301
  • Related: $0
  • Other: $0
Zoraida Miranda Viera (Vicepresident)
  • Compensation: $54,322
  • Related: $0
  • Other: $0
Angilberto Rivera Ayala (Branch Manager)
  • Compensation: $37,608
  • Related: $0
  • Other: $0


Official website here: www.floridacoop.com

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

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


Official website here: www.floridacoop.com

Learn more at the official website: www.floridacoop.com

Mission Statement of Cooperativa De Ahorro Y Credito De Florida

Cooperativa de Ahorro y Credito de Florida, a non-profit organization, is primarily focused on receiving savings from its members in the form of shares and deposits. Its mission extends beyond this, however. The organization aims to provide financial services to its members and the community at large. By offering various financial services, Cooperativa de Ahorro y Credito de Florida seeks to contribute positively to the financial well-being of its members and the community as a whole. The credit union continues to uphold this mission, consistently offering financial services to its members.

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Impact




October, 2024

Cooperativa De Ahorro Y Credito De Florida plays a vital role in enhancing financial accessibility and economic stability in its community. By accepting savings from its members and offering a range of financial services, the organization empowers individuals and families to manage their finances more effectively.

Through its mission to provide financial services, it fosters a sense of community by promoting savings and responsible borrowing. The cooperative encourages financial literacy and inclusion, helping members build credit and achieve their financial goals. Additionally, by reinvesting profits back into the community, it contributes to local economic development, ensuring that resources stay within the area and benefit its residents.

Overall, its impact extends beyond individual financial services; it enhances community well-being and supports sustainable economic growth, making it an integral part of the Florida, PR community.




This information is meant to be a general summary of Cooperativa De Ahorro Y Credito De Florida. 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
$3,033,328 (2022)
Expenses
$2,354,139 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,592,792
  • Gross Receipts: $3,033,328

Assets and Liabilities:

  • Total Assets: $60,601,725
  • Total Liabilities: $45,860,726
  • Net Assets: $14,740,999

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Organization Details

Founding Year

1957

Principal Officer

Xiomara Pagan Sotomayor

Main Address

PO BOX 1162, FLORIDA, PR, 00650

NTEE Category

Code: W60 - Public benefit

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