Overview
What is Cooperative De Ahorro Y Credito De Barranquitas?
Cooperative De Ahorro Y Credito De Barranquitas is a Barranquitas-based, non-profit organization that thrives on savings contributions from its members, primarily in the form of shares and deposits. The cooperative generates income through interest and other sources, earning a total of $14.6 million. It manages expenses of approximately $12.2 million. The primary mission of Cooperativa De Ahorro Y Credito De Barranquitas is to provide a platform for its community to save collectively and offer financial services.
Official website here: www.credicentrocoop.com
Is Cooperative De Ahorro Y Credito De Barranquitas legitimate?
Cooperative De Ahorro Y Credito De Barranquitas is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cooperative De Ahorro Y Credito De Barranquitas 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: $626,390
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,212,445
For more financial information, click here
Official website here: www.credicentrocoop.com
What is the mission statement of Cooperative De Ahorro Y Credito De Barranquitas?
Cooperative De Ahorro Y Credito De Barranquitas functions as a non-profit organization, primarily focused on collecting savings from its members through shares and deposits. The earnings from these savings include interest income and other revenues, amounting to $14,637,496. The organization utilizes these funds to cover its expenses totaling $12,200,674. In essence, it serves as a cooperative savings and credit association, enabling its members to save collectively and earn interest on their deposits.
Official website here: www.credicentrocoop.com
Who is the CEO of Cooperative De Ahorro Y Credito De Barranquitas?
Miguel A Ortiz is the President of Cooperative De Ahorro Y Credito De Barranquitas.
Official website here: www.credicentrocoop.com
What is the revenue of Cooperative De Ahorro Y Credito De Barranquitas?
Cooperative De Ahorro Y Credito De Barranquitas's revenue in 2022 was $19,608,978.
Official website here: www.credicentrocoop.com
Who are the executives of Cooperative De Ahorro Y Credito De Barranquitas and what are their salaries?
The average compensation at Cooperative De Ahorro Y Credito De Barranquitas during 2022 was $23,269. There are 122 employees at Cooperative De Ahorro Y Credito De Barranquitas.
Here are 11 key members and their salaries:
- Compensation: $114,891
- Related: $0
- Other: $0
- Compensation: $79,941
- Related: $0
- Other: $0
- Compensation: $64,870
- Related: $0
- Other: $0
- Compensation: $54,103
- Related: $0
- Other: $0
- Compensation: $51,218
- Related: $0
- Other: $0
- Compensation: $49,231
- Related: $0
- Other: $0
- Compensation: $48,030
- Related: $0
- Other: $0
- Compensation: $41,972
- Related: $0
- Other: $0
- Compensation: $41,147
- Related: $0
- Other: $0
- Compensation: $40,999
- Related: $0
- Other: $0
- Compensation: $39,988
- Related: $0
- Other: $0
Official website here: www.credicentrocoop.com
Where can I find the form 990 for Cooperative De Ahorro Y Credito De Barranquitas?
Cooperative De Ahorro Y Credito De Barranquitas's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.credicentrocoop.com
Learn more at the official website: www.credicentrocoop.com
Mission Statement of Cooperative De Ahorro Y Credito De Barranquitas
The Cooperative De Ahorro Y Credito, a non-profit organization, is primarily committed to collecting savings from its members through shares and deposits. This community-focused entity generates income, primarily from interest and other sources, amounting to $14,637,496. In the midst of managing its financial operations, Cooperative De Ahorro Y Credito ensures that its total expenses do not surpass $12,200,674.
At its core, Cooperative De Ahorro Y Credito functions as a savings cooperative. Members contribute their savings in the form of shares and deposits, which the cooperative then utilizes to generate income. This financial model enables the organization to provide various services to its community, fostering financial growth and stability for its members.
However, while the Cooperative De Ahorro Y Credito focuses on financial savings, it is essential to note that this non-profit organization is not solely driven by monetary gains. Its mission extends beyond mere savings collection, as it works towards improving the lives of its members and the community as a whole. The organization's primary dedication to its members' savings highlights its commitment to financial empowerment and stability.
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Impact
October, 2024
Cooperative De Ahorro Y Credito De Barranquitas plays a significant role in fostering financial stability and community development within the Barranquitas area. By providing a platform for members to deposit savings in the form of shares and deposits, it encourages a culture of saving and financial literacy among its members. The cooperative has successfully generated interest income and other revenue totaling $14,637,496, which reflects its ability to effectively manage resources while providing valuable financial services.
With total expenses amounting to $12,200,674, the cooperative demonstrates a commitment to maintaining operational efficiency while reinvesting in its members and the community. This economic activity not only supports individual financial growth but also stimulates local economic development, as members can access loans and other financial services that aid their personal and business ventures.
Through its mission, the cooperative enhances public benefit by promoting responsible financial practices, improving access to credit, and fostering a sense of community among its members, ultimately contributing to the overall well-being of the Barranquitas community.
This information is meant to be a general summary of Cooperative De Ahorro Y Credito De Barranquitas. 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: $16,384,233
- Gross Receipts: $19,608,978
Assets and Liabilities:
- Total Assets: $439,753,173
- Total Liabilities: $344,082,069
- Net Assets: $95,671,104
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Organization Details
Founding Year
1954
Phone
(787) 857-0250Principal Officer
Miguel A Ortiz
Main Address
PO BOX 686, BARRANQUITAS, PR, 00794
Website
www.credicentrocoop.comNTEE Category
Code: W60 - Public benefit
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