Overview
What is California Agribusiness Credit Union?
California Agribusiness Credit Union is a cooperative organization based in Buena Park, California. Its primary mission is to foster savings among its members while offering them a reliable source of credit at interest rates decided by the board of directors. This nonprofit institution provides a diverse range of consumer loans, such as vehicle loans, credit cards, and personal lines of credit, with the aim of enhancing the financial well-being of its members. With a small team of five employees, California Agribusiness Credit Union operates with the objective of improving its members' economic and social conditions on a democratic basis.
Official website here: www.calagcu.org
Is California Agribusiness Credit Union legitimate?
California Agribusiness Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. California Agribusiness 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: $102,193
Professional Fundraising Fees: $0
Other Salaries and Wages: $129,659
For more financial information, click here
Official website here: www.calagcu.org
What is the mission statement of California Agribusiness Credit Union?
California Agribusiness Credit Union is established as a cooperative, with the primary purpose of encouraging savings among its members. The credit union operates with a democratic structure, allowing its members to manage their own funds for mutual benefit and improvement of their economic and social conditions. The credit union provides a source of credit to its members at interest rates determined by its board of directors. Furthermore, the earnings, savings, benefits, or services of the credit union are distributed back to its members, acting as patronage.
Official website here: www.calagcu.org
Who is the CEO of California Agribusiness Credit Union?
Angel Hernandez is the Chairperson of California Agribusiness Credit Union. The CEO's salary of California Agribusiness Credit Union is $102,193 and their total compensation is $113,332.
Official website here: www.calagcu.org
What is the revenue of California Agribusiness Credit Union?
California Agribusiness Credit Union's revenue in 2022 was $958,130.
Official website here: www.calagcu.org
Who are the executives of California Agribusiness Credit Union and what are their salaries?
The average compensation at California Agribusiness Credit Union during 2022 was $46,370. There are 5 employees at California Agribusiness Credit Union.
Here are 9 key members and their salaries (California Agribusiness Credit Union's CEO's salary is $102,193 and their total compensation is $113,332):
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- Compensation: $102,193
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- Other: $11,139
Official website here: www.calagcu.org
Where can I find the form 990 for California Agribusiness Credit Union?
California Agribusiness Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.calagcu.org
Learn more at the official website: www.calagcu.org
Mission Statement of California Agribusiness Credit Union
California Agribusiness Credit Union, as a cooperative, is established with the primary objective of promoting thrift and savings among its members. Its mission is to create a reliable source of credit for its members, offering them favorable interest rates, as determined by its Board of Directors. Furthermore, the credit union provides its members with an opportunity to manage and leverage their own funds in a democratic manner, aiming to enhance their economic and social conditions. Operating on a mutual benefit principle, California Agribusiness Credit Union distributes its earnings, savings, benefits, or services to its members, acting as their patron.
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Impact
October, 2024
California Agribusiness Credit Union significantly impacts its members by promoting thrift and savings, enabling them to make informed financial choices. Located in Buena Park, CA, it offers a variety of consumer loans, including vehicle loans, credit cards, and personal lines of credit. This broad array of financial products assists members in managing their finances effectively and achieving their financial goals.
The credit union creates a source of credit for its members at interest rates determined by its board of directors, ensuring affordable access to funds. By operating on a cooperative model, California Agribusiness Credit Union empowers its members to use and control their money democratically, ultimately striving to enhance their economic and social conditions. Its focus on mutual benefit ensures that any earnings or savings are redistributed to members, fostering a sense of community and support among them. Through these actions, the credit union plays a crucial role in strengthening the financial well-being of its members and enhancing their overall quality of life.
This information is meant to be a general summary of California Agribusiness 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: $194,704
- Program Service Revenue: $759,426
- Gross Receipts: $958,130
Assets and Liabilities:
- Total Assets: $27,127,087
- Total Liabilities: $25,438,803
- Net Assets: $1,688,284
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$580,803
OTHER OPERATING INCOME
Revenue
$122,741
FEE INCOME
Revenue
$55,882
Organization Details
Founding Year
1936
Phone
(714) 690-4865Principal Officer
Angel Hernandez
Main Address
6281 BEACH BLVD 87, BUENA PARK, CA, 90621
Website
www.calagcu.orgNTEE Category
Code: W60 - Public benefit
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