Credit Unions In The State Of Arizona

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

EIN: 860182659 ✦ Phoenix, AZ ✦ Designated as a 501(c)(14)

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Overview

What is Credit Unions In The State Of Arizona?

Credit Unions in the State of Arizona is a nonprofit organization situated in Phoenix, Arizona. With a team of 20 dedicated individuals, their primary goal is to offer members financial services that foster financial stability and security. This mission is achieved through promoting thrift among members, serving as a reliable source of credit with reasonable interest rates, and providing opportunities for members to enhance their financial circumstances. The organization's activities are centered around encouraging sound financial practices and offering educational resources to help members better manage their finances.


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Is Credit Unions In The State Of Arizona legitimate?

Credit Unions In The State Of Arizona is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions In The State Of Arizona 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: $104,408
Professional Fundraising Fees: $0
Other Salaries and Wages: $570,350

For more financial information, click here


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What is the mission statement of Credit Unions In The State Of Arizona?

Credit Unions In The State Of Arizona's mission is centered around promoting financial stability and security among its members. They aim to achieve this by offering reliable financial services and providing education to help members comprehend and attain financial well-being. The organization encourages savings among its members, offers credit at reasonable interest rates, and strives to improve their economic conditions. In essence, Credit Unions In The State Of Arizona seeks to empower its members financially.


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Who is the CEO of Credit Unions In The State Of Arizona?

Edward Moraga is the President/Ceo of Credit Unions In The State Of Arizona. The CEO's salary of Credit Unions In The State Of Arizona is $104,408 and their total compensation is $104,408.


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What is the revenue of Credit Unions In The State Of Arizona?

Credit Unions In The State Of Arizona's revenue in 2022 was $2,191,882.


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Who are the executives of Credit Unions In The State Of Arizona and what are their salaries?

The average compensation at Credit Unions In The State Of Arizona during 2022 was $33,738. There are 20 employees and 6 volunteers at Credit Unions In The State Of Arizona.


Here are 7 key members and their salaries (Credit Unions In The State Of Arizona's CEO's salary is $104,408 and their total compensation is $104,408):


Edward Moraga (President/Ceo)
  • Compensation: $104,408
  • Related: $0
  • Other: $0
Deborah Hallahan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Durbin (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jesse Linderman (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carlos Guiterrez (Vice-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Poplin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacqueline Espinoza (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


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Where can I find the form 990 for Credit Unions In The State Of Arizona?

Credit Unions In The State Of Arizona's most recent form 990 was submitted in 2022 and can be accessed here.


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Learn more at the official website: www.alhambracu.coop

Mission Statement of Credit Unions In The State Of Arizona

Credit Unions in the State of Arizona, as an organization, is dedicated to encouraging financial responsibility among its members. Its primary mission is to serve as a reliable source of credit, offering loans at reasonable interest rates. Beyond this, Credit Unions in Arizona strives to provide its members with the opportunity to enhance their financial condition. The nonprofit's overall goal is to help its members achieve financial stability and security through the provision of sound financial services. By offering education and guidance, Credit Unions in Arizona aims to empower its members to understand and manage their finances effectively.

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Impact




October, 2024

Credit Unions in the State of Arizona play a significant role in promoting financial well-being among their members. By encouraging thrift among their members, these institutions foster a culture of saving and responsible financial management. They provide access to credit at fair interest rates, which empowers individuals and families to make important investments in their futures, such as purchasing homes, financing education, or starting businesses.

The comprehensive financial services and education offered by Credit Unions help members navigate their financial situations effectively, leading to improved economic conditions. This focus on financial stability and security is particularly impactful in a diverse state like Arizona, where varying economic circumstances can significantly influence residents' financial health.

Additionally, the public benefit aspect of Credit Unions in Arizona means that they are structured to serve the interests of the community rather than profit motives. This community-oriented approach fosters trust and strengthens local economies, as members are more likely to engage in practices that benefit their neighborhoods. Overall, Credit Unions in Arizona serve as vital institutions that not only meet immediate financial needs but also contribute to long-term economic resilience for their members.




This information is meant to be a general summary of Credit Unions In The State Of Arizona. 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
$2,191,882 (2022)
Expenses
$1,974,218 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $113,382
  • Program Service Revenue: $2,078,500
  • Gross Receipts: $2,191,882

Assets and Liabilities:

  • Total Assets: $35,147,805
  • Total Liabilities: $32,861,811
  • Net Assets: $2,285,994

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Loans,fees & other charges related to the credit union services

Revenue

$2,078,500

Organization Details

Founding Year

1955

Principal Officer

Edward Moraga

Main Address

7339 N 35th Avenue, Phoenix, AZ, 85051

NTEE Category

Code: W60 - Public benefit

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