Overview
What is Santa Cruz Community Credit Union?
The Santa Cruz Community Credit Union is a community development and low-income certified financial cooperative, headquartered at 324 Front Street in Santa Cruz, California, with a mission to serve and empower underprivileged communities. With a team of 77 dedicated individuals, this nonprofit organization offers a range of financial services, including savings accounts, loans for consumer, real estate, and small business needs, and financial learning opportunities. Embracing economic justice, they prioritize providing access to those who are often underserved or unbanked. Their services extend to ITIN lending, second chance programs, and various loan options like first-time borrowing programs, credit builder loans, lines of credit, vehicle loans, credit cards, and second chance opportunities for borrowing. As a cooperative, the Santa Cruz Community Credit Union operates democratically, ensuring the benefits and earnings of the credit union are distributed among its members for their mutual benefit and overall welfare.
Official website here: www.scccu.org
What are the reviews and ratings of this charity?
Santa Cruz Community Credit Union is not currently rated by Charity Navigator since it lacks the necessary beacon scores for a comprehensive evaluation. The absence of a rating is not indicative of the organization’s performance or impact but rather a lack of evaluation, primarily because it is not a 501(c)(3) IRS registered nonprofit.
The organization historically hasn't been assessed on criteria such as Leadership & Adaptability or Culture & Community, which are now more frequently evaluated by Charity Navigator. While the IRS Business Master File has some data, key financial information, such as revenue and expenses, is unavailable, limiting the depth of assessment possible.
There are no user reviews available on GreatNonprofits, which means public sentiment and firsthand experiences are not documented in this summary. This absence makes it challenging to gauge community perception or satisfaction with the organization's services.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Santa Cruz Community Credit Union?
While there are only a few reviews available, it's clear that opinions are mixed about the Santa Cruz Community Credit Union. One reviewer specifically notes that the customer service is expected to be responsive, but their experience did not align with this expectation, leading to a recommendation against the nonprofit.
The limited number of responses suggests that experiences with the credit union may not be consistent, and there isn't enough information to draw a broad conclusion about overall satisfaction.
As the nonprofit has not yet gathered a substantial number of ratings, potential members might consider exploring additional testimonials or reaching out directly for more information.
This AI summary has been generated from reviews found on Facebook.
Is Santa Cruz Community Credit Union legitimate?
Santa Cruz Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Santa Cruz Community 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: $2,480,447
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,126,636
For more financial information, click here
Official website here: www.scccu.org
What is the mission statement of Santa Cruz Community Credit Union?
The Santa Cruz Community Credit Union is a cooperative financial institution with a mission to promote thrift and savings among its members, serve as a source of credit at board-set interest rates, and provide an opportunity for members to control their own money democratically. By conducting business for the mutual benefit and general welfare of its members, the credit union distributes earnings, savings, benefits, or services back to them as patronage. Acting as a certified Community Development Financial Institution (CDFI) and Low Income Credit Union, Santa Cruz Community Credit Union strives for economic justice by offering assistance to help people improve their financial situations.
Official website here: www.scccu.org
Who is the CEO of Santa Cruz Community Credit Union?
Elizabeth Carr is the CEO of Santa Cruz Community Credit Union The CEO's salary of Santa Cruz Community Credit Union is $853,473 and their total compensation is $1,072,750.
Official website here: www.scccu.org
What is the revenue of Santa Cruz Community Credit Union?
Santa Cruz Community Credit Union's revenue in 2023 was $13,363,100.
Official website here: www.scccu.org
Who are the executives of Santa Cruz Community Credit Union and what are their salaries?
The average compensation at Santa Cruz Community Credit Union during 2023 was $63,987. There are 72 employees and 11 volunteers at Santa Cruz Community Credit Union.
Here are 23 key members and their salaries (Santa Cruz Community Credit Union's CEO's salary is $853,473 and their total compensation is $1,072,750):
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $853,473
- Related: $0
- Other: $219,277
- Compensation: $100,253
- Related: $0
- Other: $7,250
- Compensation: $202,758
- Related: $0
- Other: $7,194
- Compensation: $197,813
- Related: $0
- Other: $7,907
- Compensation: $181,603
- Related: $0
- Other: $18,472
- Compensation: $171,387
- Related: $0
- Other: $0
- Compensation: $158,528
- Related: $0
- Other: $7,979
- Compensation: $143,902
- Related: $0
- Other: $5,746
- Compensation: $121,047
- Related: $0
- Other: $31,652
- Compensation: $120,437
- Related: $0
- Other: $11,676
- Compensation: $120,006
- Related: $0
- Other: $14,433
- Compensation: $109,240
- Related: $0
- Other: $13,935
Official website here: www.scccu.org
Where can I find the form 990 for Santa Cruz Community Credit Union?
Santa Cruz Community Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.scccu.org
Learn more at the official website: www.scccu.org
Mission Statement of Santa Cruz Community Credit Union
Santa Cruz Community Credit Union, a community development and low income certified financial cooperative, is dedicated to serving the underprivileged and promoting economic equity. This cooperative, organized with the primary objective of encouraging thrift and savings among its members, functions as a not-for-profit financial institution. The Credit Union offers affordable credit to its members at interest rates determined by its Board of Directors, providing its members with an opportunity to take control of their financial resources.
As a cooperative, Santa Cruz Community Credit Union operates for the mutual benefit and overall welfare of its members. The earnings, savings, benefits, or services of the Credit Union are distributed to its members, acting as patrons. Santa Cruz Community Credit Union's mission is to enable its members to improve their economic and social conditions through democratic control over their financial resources. By functioning as a certified CDFI (Community Development Financial Institution) and low income credit union, the organization ensures that it provides assistance to all individuals, ensuring economic justice measures are in place.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Santa Cruz Community Credit Union plays a transformative role in the local community by providing essential financial services and education aimed at fostering economic equity. As a community development and low-income certified financial cooperative, it specifically focuses on underserved populations, ensuring they have access to vital financial resources.
The credit union offers a wide range of services, including savings accounts, matricula consular accounts, and various lending options such as consumer, real estate, and small business loans. It particularly emphasizes accessibility through programs designed for first-time borrowers, credit building, and second-chance lending. By making these services available, the credit union empowers individuals who may otherwise be unbanked or unable to secure traditional financing.
In addition to financial services, Santa Cruz Community Credit Union prioritizes financial education, offering resources and learning opportunities that help community members gain knowledge and confidence in managing their finances. This education is a crucial component of their mission to promote economic justice and provide individuals with the tools necessary to improve their financial well-being.
The credit union operates under the principle of mutual benefit, where the earnings and services are directed toward enhancing the financial health of its members. By creating a supportive environment for saving and credit use, it fosters a sense of community and collective advancement.
Overall, Santa Cruz Community Credit Union's impact is significant, as it not only provides essential financial services but also actively works to uplift and empower the most vulnerable members of the community, contributing to a more equitable economic landscape.
This information is meant to be a general summary of Santa Cruz Community 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 2023.
- Investment Income: $664,292
- Program Service Revenue: $10,795,025
- Gross Receipts: $13,379,325
Assets and Liabilities:
- Total Assets: $188,657,258
- Total Liabilities: $171,291,770
- Net Assets: $17,365,488
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$8,746,683
FEE INCOME
Revenue
$1,115,568
OTHER OPERATING INCOME
Revenue
$932,774
Organization Details
If you are a representative of Santa Cruz Community Credit Union 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.