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 not tax deductible.
Here 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
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:
- Miguel Ortiz Santos (President)
- Carmen Torres Zayas (Vp Human Resources)
- Angel Ortiz Vazquez (Vp Operations)
- Ada Morales La Santa (Manager)
- Damaris Ramirez Ocasio (Manager)
- Jose H Perez Maldonado (Manager)
- Carlos J Rivera Rosados (Manager)
- Wilfredo Sepulveda Pinto (Manager)
- Ivelisse Morales Marrero (Compliance Officer)
- Rosa G Hernandez Santiago (Manager Of Tecnology And Security)
- Jorge Luis Gines Lopez (Manager)
Official website here: www.credicentrocoop.com
Where can I find the form 990 for Cooperative De Ahorro Y Credito De Barranquitas?
The 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.
Impact
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.
Thursday, August 15, 2024
Cooperative De Ahorro Y Credito De Barranquitas has a significant impact on the community of Barranquitas by providing a platform for its members to save and access credit services. By receiving savings in the form of shares and deposits from its members, the cooperative helps individuals and families in the area to build financial security and stability.
Through its activities, Cooperative De Ahorro Y Credito De Barranquitas contributes to the economic development and empowerment of its members by offering them opportunities to save, invest, and access credit when needed. This, in turn, can lead to improved financial well-being and opportunities for growth within the community.
Overall, the cooperative plays a vital role in promoting financial inclusion and stability in Barranquitas, making a positive impact on the lives of its members and contributing to the overall economic health of the region.
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.
- Assets and Liabilities:
Organization Details
Founding Year
1954
Phone
(787) 857-0250
Principal Officer
Miguel A Ortiz
Main Address
PO BOX 686, BARRANQUITAS, PR, 00794
Website
www.credicentrocoop.com
NTEE Category
Code: W60 - Public benefit
If you are a representative of Cooperative De Ahorro Y Credito De Barranquitas and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.