Overview
What is Cooperativa De Ahorro Y Credito De Mayaguez?
Cooperativa De Ahorro Y Credito De Mayaguez is a nonprofit organization based in Mayaguez, Puerto Rico. It operates as a credit union, providing high-quality financing and savings services to both its members and non-members. The organization generates revenue through lending and services to its members, as well as investing activities. Members of the credit union receive interest payments for their deposits held within the institution. The cooperative's mission is to offer quality financial services, contributing to the financial well-being of its community, with a team of 38 dedicated employees.
Official website here: www.coopmayaguez.com
Is Cooperativa De Ahorro Y Credito De Mayaguez legitimate?
Cooperativa De Ahorro Y Credito De Mayaguez is a legitimate nonprofit organization registered as a 501(c)(16) entity. Cooperativa De Ahorro Y Credito De Mayaguez 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: $62,231
Professional Fundraising Fees: $0
Other Salaries and Wages: $829,716
For more financial information, click here
Official website here: www.coopmayaguez.com
What is the mission statement of Cooperativa De Ahorro Y Credito De Mayaguez?
Cooperativa De Ahorro Y Credito De Mayaguez is an organization that serves as a credit union, providing quality financing and saving services to both its members and non-members. Its mission is to operate as a cooperative, offering these financial services with the aim of benefiting its members. The revenue for the cooperative is primarily generated from lending activities and services provided to its members, as well as from investing activities. The members of the cooperative receive interest payments for their deposits held within the credit union.
Official website here: www.coopmayaguez.com
Who is the CEO of Cooperativa De Ahorro Y Credito De Mayaguez?
Mildred Perez Lebron is the Presidenta Ejecutiva of Cooperativa De Ahorro Y Credito De Mayaguez.
Official website here: www.coopmayaguez.com
What is the revenue of Cooperativa De Ahorro Y Credito De Mayaguez?
Cooperativa De Ahorro Y Credito De Mayaguez's revenue in 2022 was $4,451,822.
Official website here: www.coopmayaguez.com
Who are the executives of Cooperativa De Ahorro Y Credito De Mayaguez and what are their salaries?
The average compensation at Cooperativa De Ahorro Y Credito De Mayaguez during 2022 was $23,472. There are 38 employees and 16 volunteers at Cooperativa De Ahorro Y Credito De Mayaguez.
Here are 8 key members and their salaries:
- Compensation: $62,231
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $3,580
- Compensation: $0
- Related: $0
- Other: $2,910
- Compensation: $0
- Related: $0
- Other: $2,770
- Compensation: $0
- Related: $0
- Other: $2,740
- Compensation: $0
- Related: $0
- Other: $1,640
- Compensation: $0
- Related: $0
- Other: $1,500
- Compensation: $0
- Related: $0
- Other: $720
Official website here: www.coopmayaguez.com
Where can I find the form 990 for Cooperativa De Ahorro Y Credito De Mayaguez?
Cooperativa De Ahorro Y Credito De Mayaguez's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coopmayaguez.com
Learn more at the official website: www.coopmayaguez.com
Mission Statement of Cooperativa De Ahorro Y Credito De Mayaguez
Cooperativa De Ahorro Y Credito De Mayaguez, as a credit union, is committed to providing top-notch financing and saving services to its members and non-members. The organization's mission is centered around this cooperative activity, aiming to meet the financial needs of its community. By earning revenues from lending and the services provided to its members, as well as from investment activities, Cooperativa De Ahorro Y Credito De Mayaguez is able to return interest payments to its depositors. This mutual support system allows members to benefit financially, fostering financial well-being within the community.
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Impact
October, 2024
Cooperativa De Ahorro Y Credito De Mayaguez plays a significant role in promoting financial stability and growth within the community. By offering quality financing and savings services, it enables both members and nonmembers to access essential financial resources. This cooperative model fosters a collaborative approach to banking, enhancing the financial literacy and empowerment of individuals.
The organization generates revenues through lending and various services, allowing it to reinvest in the community and provide competitive interest payments to members for their deposits. This creates a cycle of financial benefits, as members not only save money but also earn returns on their deposits, contributing to their overall financial well-being.
Additionally, the cooperative's presence promotes economic activity in the region by facilitating loans for personal, educational, and entrepreneurial purposes. This accessibility to credit encourages local economic development, creating opportunities for individuals to invest in their futures and for businesses to thrive. Overall, Cooperativa De Ahorro Y Credito De Mayaguez serves as a vital resource for enhancing financial health and fostering community growth.
This information is meant to be a general summary of Cooperativa De Ahorro Y Credito De Mayaguez. 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: $3,432,905
- Gross Receipts: $4,451,822
Assets and Liabilities:
- Total Assets: $91,409,973
- Total Liabilities: $66,844,958
- Net Assets: $24,565,015
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Organization Details
Founding Year
1969
Phone
(787) 832-6555Principal Officer
Mildred Perez Lebron
Website
www.coopmayaguez.comNTEE Category
Code: W60 - Public benefit
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