Cooperativa De Ahorro Y Credito De Isabela

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

EIN: 660214491 ✦ Isabela, PR ✦ Designated as a 501(c)(14)

Overview

What is Cooperativa De Ahorro Y Credito De Isabela?

Cooperativa De Ahorro Y Credito De Isabela is a nonprofit credit union based in Isabela, Puerto Rico. Their primary focus is to offer savings and credit products for their members. They provide essential financial services, such as loans, to help members improve their financial situations. Any excess income generated from operations is distributed among the members. In summary, Cooperativa De Ahorro Y Credito De Isabela functions as a community-driven financial cooperative, dedicated to empowering its members through access to savings accounts and affordable loans.


Official website here: www.isabelacoop.com

Is Cooperativa De Ahorro Y Credito De Isabela legitimate?

Cooperativa De Ahorro Y Credito De Isabela is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cooperativa De Ahorro Y Credito De Isabela 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $215,354
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,535,714

For more financial information, click here


Official website here: www.isabelacoop.com

What is the mission statement of Cooperativa De Ahorro Y Credito De Isabela?

Cooperativa De Ahorro Y Credito De Isabela is committed to providing savings accounts and loans to its credit union members. The Cooperative aims to distribute any net income and surplus generated from operations amongst its members. In essence, it serves as a financial cooperative, offering credit and savings products to its members. By doing so, it empowers individuals to save and access loans when needed, thereby promoting financial security and stability within the community.


Official website here: www.isabelacoop.com

Who is the CEO of Cooperativa De Ahorro Y Credito De Isabela?

Luis A Perez Hernandez is the Ceo of Cooperativa De Ahorro Y Credito De Isabela. The CEO's salary of Cooperativa De Ahorro Y Credito De Isabela is $215,354 and their total compensation is $430,708.


Official website here: www.isabelacoop.com

What is the revenue of Cooperativa De Ahorro Y Credito De Isabela?

Cooperativa De Ahorro Y Credito De Isabela's revenue in 2022 was $14,103,746.


Official website here: www.isabelacoop.com

Who are the executives of Cooperativa De Ahorro Y Credito De Isabela and what are their salaries?

There is 1 key member and their salary:

    Luis A Perez Hernandez (Ceo)
  • Compensation: $215,354
  • Related: $0
  • Other: $215,354


  • Official website here: www.isabelacoop.com

    Where can I find the form 990 for Cooperativa De Ahorro Y Credito De Isabela?

    The Cooperativa De Ahorro Y Credito De Isabela’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.isabelacoop.com

    Learn more at the official website: www.isabelacoop.com

    Mission Statement of Cooperativa De Ahorro Y Credito De Isabela

    Cooperativa De Ahorro Y Credito De Isabela, a renowned credit union, is dedicated to offering savings accounts and loans to its members. The organization's primary mission revolves around empowering its members by providing them with financial services aimed at improving their economic situation.

    Through its operations, the credit union generates a net income and surplus, which it distributes among its members. This unique approach allows the Cooperativa to not only offer affordable financial products but also contribute to the economic well-being of its community. In simple terms, the Cooperativa acts as a financial cooperative, where members pool their resources together to help one another achieve their financial goals.

    The heart of Cooperativa De Ahorro Y Credito De Isabela's mission lies in its commitment to providing accessible savings and credit services. By offering these essential financial products, the credit union enables its members to build a solid financial foundation, save for future needs, and access credit when necessary. In doing so, the Cooperativa plays a vital role in promoting financial inclusion and economic stability within its membership base.

    Impact

    This information is meant to be a general summary of Cooperativa De Ahorro Y Credito De Isabela. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Cooperativa De Ahorro Y Credito De Isabela provides financial services such as savings accounts and loans to its credit union members. By offering these products, it helps its members manage their finances, access necessary funds, and achieve their financial goals. This impact is particularly significant in Isabela, Puerto Rico, where the cooperative is based, as it contributes to the economic well-being and stability of the community. Through its operations, Cooperativa De Ahorro Y Credito De Isabela plays a crucial role in promoting financial inclusion and empowerment among its members, ultimately leading to a more economically resilient and prosperous society.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $0
  • Program Service Revenue: $14,103,746
  • Gross Receipts: $14,103,746

    • Assets and Liabilities:
  • Total Assets: $359,459,273
  • Total Liabilities: $234,817,664
  • Net Assets: $124,641,609
  • Organization Details

    Founding Year

    1954

    Principal Officer

    Luis A Perez Hernandez

    Main Address

    PO BOX 552, ISABELA, PR, 00662

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Cooperativa De Ahorro Y Credito De Isabela 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.