Overview
What is Cochise Credit Union?
Cochise Credit Union is a nonprofit organization based in Willcox, Arizona. With a PO Box 1154 address, the credit union serves its 4,996 members by managing their savings and offering loans. The primary objective of Cochise Credit Union is to promote thrift among its members, providing them with a source of credit at reasonable rates and allowing them to control their own finances to enhance their economic and social conditions. The credit union maintains a total of 9,322 accounts and is staffed by 15 dedicated employees.
Official website here: www.cochisecu.com
Is Cochise Credit Union legitimate?
Cochise Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cochise Credit Union 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: $110,203
Professional Fundraising Fees: $0
Other Salaries and Wages: $427,805
For more financial information, click here
Official website here: www.cochisecu.com
What is the mission statement of Cochise Credit Union?
Cochise Credit Union was established with a mission to encourage savings among its members. This mission is aimed at providing a reliable source of credit to its members at reasonable interest rates. By doing so, the credit union provides its members with an opportunity to manage their own finances democratically, aiming to improve their economic and social conditions. Currently, Cochise Credit Union manages 9,322 accounts and serves its 4,996 members by holding their deposits and offering loans during the year.
Official website here: www.cochisecu.com
Who is the CEO of Cochise Credit Union?
Shelley Thompson is the Chairperson of Cochise Credit Union. The CEO's salary of Cochise Credit Union is $98,039 and their total compensation is $110,203.
Official website here: www.cochisecu.com
What is the revenue of Cochise Credit Union?
Cochise Credit Union's revenue in 2022 was $2,422,011.
Official website here: www.cochisecu.com
Who are the executives of Cochise Credit Union and what are their salaries?
The average compensation at Cochise Credit Union during 2022 was $35,867. There are 15 employees and 7 volunteers at Cochise Credit Union.
Here are 8 key members and their salaries (Cochise Credit Union's CEO's salary is $98,039 and their total compensation is $110,203):
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $98,039
- Related: $0
- Other: $12,164
Official website here: www.cochisecu.com
Where can I find the form 990 for Cochise Credit Union?
Cochise Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cochisecu.com
Learn more at the official website: www.cochisecu.com
Mission Statement of Cochise Credit Union
Cochise Credit Union was established with a mission to foster thrift among its members. This mission is twofold: firstly, it aims to create a reliable source of credit for its members, offering them loans at reasonable interest rates. Secondly, it provides an opportunity for its members to have control over their own financial resources, allowing them to utilize their money in a democratic manner. The ultimate goal of Cochise Credit Union is to improve the economic and social conditions of its members, promoting financial independence and stability. During the year, the credit union serves its 4,996 members by holding their deposits and making loans to them, thereby fulfilling its commitment to promoting thrift and financial well-being.
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Impact
October, 2024
Cochise Credit Union plays a vital role in promoting financial well-being and economic empowerment within its community in Willcox, Arizona. By maintaining 9,322 accounts and serving nearly 5,000 members, the credit union fosters a culture of thrift and savings, encouraging individuals to build financial stability.
The organization focuses on providing its members with accessible credit at reasonable interest rates, enabling them to invest in their futures and meet their financial needs. This approach not only enhances the economic conditions of its members but also strengthens the overall community by promoting responsible financial practices and supporting local development.
Cochise Credit Union operates on a democratic basis, giving its members a voice in how the organization is run. This participatory model ensures that the financial services and products offered align with the unique needs and aspirations of the community, ultimately enhancing both economic and social conditions for its members. Through its commitment to thrift, savings, and community engagement, Cochise Credit Union has a lasting positive impact on the lives of those it serves.
This information is meant to be a general summary of Cochise Credit Union. 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: $190,449
- Program Service Revenue: $2,222,965
- Gross Receipts: $2,422,011
Assets and Liabilities:
- Total Assets: $59,107,884
- Total Liabilities: $50,772,786
- Net Assets: $8,335,098
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER LOAN INTEREST
Revenue
$1,707,471
VISA CARD
Revenue
$307,839
ACCOUNT SERVICE FEES
Revenue
$178,911
SERVICE INCOME ON LOAN
Revenue
$28,744
Organization Details
Founding Year
1958
Phone
(520) 384-2822Principal Officer
Shelley Thompson
Main Address
PO BOX 1154, WILLCOX, AZ, 85644
Website
www.cochisecu.comNTEE Category
Code: W60 - Public benefit
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