Overview
What is Cooperativa De Ahorro Y Credito De Maunabo?
Cooperativa De Ahorro Y Credito De Maunabo is a nonprofit financial institution based in Puerto Rico, primarily serving the low-income sector. They offer various financial services, including loans, savings, and accounts. Beyond their financial responsibilities, they also invest in the community socially through their programs. With an annual revenue of $10,434,361 and expenses of $9,810,625, the credit union demonstrates its commitment to supporting its clientele and contributing to the local community.
Is Cooperativa De Ahorro Y Credito De Maunabo legitimate?
Cooperativa De Ahorro Y Credito De Maunabo is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cooperativa De Ahorro Y Credito De Maunabo 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: $714,834
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,952,425
For more financial information, click here
What is the mission statement of Cooperativa De Ahorro Y Credito De Maunabo?
Cooperativa De Ahorro Y Credito De Maunabo's mission is focused on serving the financial needs of low-income individuals in Puerto Rico. The credit union provides loans, savings, and accounts as its primary service, aiming to empower its members. Beyond financial services, the credit union also invests in the community, utilizing its resources to make a social impact. This commitment to both financial assistance and community development sets Cooperativa De Ahorro Y Credito De Maunabo apart.
Who is the CEO of Cooperativa De Ahorro Y Credito De Maunabo?
Carmen M Vazquez is the Treasurer of Cooperativa De Ahorro Y Credito De Maunabo.
What is the revenue of Cooperativa De Ahorro Y Credito De Maunabo?
Cooperativa De Ahorro Y Credito De Maunabo's revenue in 2022 was $11,071,523.
Who are the executives of Cooperativa De Ahorro Y Credito De Maunabo and what are their salaries?
The average compensation at Cooperativa De Ahorro Y Credito De Maunabo during 2022 was $45,208. There are 59 employees at Cooperativa De Ahorro Y Credito De Maunabo.
Here are 21 key members and their salaries:
- Compensation: $170,749
- Related: $0
- Other: $10,234
- Compensation: $85,259
- Related: $0
- Other: $2,886
- Compensation: $55,931
- Related: $0
- Other: $3,356
- Compensation: $49,725
- Related: $0
- Other: $2,980
- Compensation: $40,162
- Related: $0
- Other: $2,407
- Compensation: $42,570
- Related: $0
- Other: $1,701
- Compensation: $75,000
- Related: $0
- Other: $3,277
- Compensation: $33,280
- Related: $0
- Other: $504
- Compensation: $40,406
- Related: $0
- Other: $2,422
- Compensation: $36,721
- Related: $0
- Other: $1,651
- Compensation: $48,610
- Related: $0
- Other: $887
- Compensation: $36,421
- Related: $0
- Other: $1,455
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cooperativa De Ahorro Y Credito De Maunabo?
Cooperativa De Ahorro Y Credito De Maunabo's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cooperativa De Ahorro Y Credito De Maunabo
Cooperativa de Ahorro y Credito de Maunabo, a credit union, is committed to providing financial services to the lower income sector of people in Puerto Rico. This organization goes beyond offering loans, savings, and accounts; it also invests socially in its community. By doing so, it contributes to the betterment of the local population, making it an integral part of its environment. The credit union's mission is to empower its members by offering them financial tools that can help improve their financial stability and overall quality of life.
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Impact
October, 2024
Cooperativa De Ahorro Y Credito De Maunabo plays a crucial role in enhancing the financial well-being of the low-income sector in Puerto Rico. By offering essential financial services such as loans, savings accounts, and educational programs, it empowers individuals and families to manage their finances more effectively, access credit, and build savings.
The credit union's efforts go beyond just financial transactions; it actively invests in the community. This social investment fosters local development, supporting initiatives that uplift residents and improve the overall quality of life. The organization demonstrates a commitment to not only meet the financial needs of its members but also to engage in actions that benefit the broader community, contributing to economic stability and growth in Maunabo.
With significant revenue of over $10 million and responsible expense management, Cooperativa De Ahorro Y Credito De Maunabo illustrates a sustainable model that prioritizes both fiscal health and community impact. By focusing on underrepresented populations, it helps to reduce financial inequalities and supports the development of a more inclusive economic landscape. Overall, its presence significantly enhances financial access and social cohesion in the region.
This information is meant to be a general summary of Cooperativa De Ahorro Y Credito De Maunabo. 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: $8,910,807
- Gross Receipts: $11,071,523
Assets and Liabilities:
- Total Assets: $242,553,813
- Total Liabilities: $161,719,328
- Net Assets: $80,834,485
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Organization Details
Founding Year
1965
Phone
(787) 861-2240Principal Officer
Carmen M Vazquez
Main Address
PO BOX 127, MAUNABO, PR, 007070127
NTEE Category
Code: W60 - Public benefit
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