Overview
What is Cooperativa De Ahorro Y Credito Camuy?
Cooperativa De Ahorro Y Credito Camuy is a Puerto Rican credit union located at 300 Baltazar Jimenez Avenue in Camuy. This nonprofit organization provides financial services primarily to the low-income sector of the population in Puerto Rico. Its mission includes offering loans, savings, and accounts, while also making social investments within the community. The credit union reported an interest income and other income of $15,010,171 and total expenses of $10,479,884. With 85 employees, Cooperativa De Ahorro Y Credito Camuy aims to improve financial well-being and contribute positively to its local community.
Is Cooperativa De Ahorro Y Credito Camuy legitimate?
Cooperativa De Ahorro Y Credito Camuy is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cooperativa De Ahorro Y Credito Camuy 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: $425,280
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,370,719
For more financial information, click here
What is the mission statement of Cooperativa De Ahorro Y Credito Camuy?
Cooperativa De Ahorro Y Credito Camuy is committed to serving the financial needs of Puerto Rico's low-income population. Through offering loans, savings, and accounts, the credit union aims to improve the economic situation of this sector. In addition to financial services, the cooperative makes social investments within the community. The mission of Cooperativa De Ahorro Y Credito Camuy is to provide essential financial tools and contribute to the betterment of the community it serves. With income of over $15 million and expenses of around $10.5 million, the organization effectively uses its resources to fulfill its objectives.
Who is the CEO of Cooperativa De Ahorro Y Credito Camuy?
Michele Franqui is the Executive President of Cooperativa De Ahorro Y Credito Camuy.
What is the revenue of Cooperativa De Ahorro Y Credito Camuy?
Cooperativa De Ahorro Y Credito Camuy's revenue in 2022 was $15,010,171.
Who are the executives of Cooperativa De Ahorro Y Credito Camuy and what are their salaries?
The average compensation at Cooperativa De Ahorro Y Credito Camuy during 2022 was $32,894. There are 85 employees at Cooperativa De Ahorro Y Credito Camuy.
Here are 13 key members and their salaries:
- Michele Franqui Baquero (Executive President)
- Emmanuel Roman Figueroa (Vicepresident Of Administration)
- Alvin Atiles Tosado (Vicepresident Of Finance)
- Nancy Lopz Quinones (Vicepresident Of Operations)
- Manuel Hermina Cajigas (Board President) [Trustee/Director]
- Sonia Rivera Martinez (Secretary) [Trustee/Director]
- Yamilka Saavedra Tosado (Director)
- Astrid Del C Jimenez Lopez (Director)
- Jose F Ruiz Ramos (Director)
- Juan Sonera Gonzalez (Director)
- Maria L Ramos Nieves (Director)
- Mayra L Ortiz Ruiz (Director)
- Sonia Mendez Guillama (Director)
Where can I find the form 990 for Cooperativa De Ahorro Y Credito Camuy?
The Cooperativa De Ahorro Y Credito Camuy’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Cooperativa De Ahorro Y Credito Camuy
Cooperativa De Ahorro Y Credito Camuy, a credit union, is dedicated to extending financial services primarily to Puerto Rico's low-income population. Through loans, savings, and accounts, this nonprofit organization seeks to empower individuals in this income sector with the financial resources they need. In addition to these essential services, the credit union invests in the community, contributing to its social development.
The mission of Cooperativa De Ahorro Y Credito Camuy is multifaceted. Primarily, it aims to provide financial services to those who may otherwise have limited access to them. By offering loans, savings, and accounts, the credit union enables individuals to take control of their financial situations and improve their lives. Furthermore, by making a social investment in the community, the organization fosters economic growth and development.
Cooperativa De Ahorro Y Credito Camuy's financial services play a pivotal role in the lives of its members. With loans, they can invest in their businesses, education, or home improvements. Savings accounts offer a safe place to store funds for emergencies or future goals. The credit union's accounts allow members to manage their money more effectively and efficiently. By focusing on the low-income sector, Cooperativa De Ahorro Y Credito Camuy promotes financial inclusion and economic mobility for those who need it most.
Impact
This information is meant to be a general summary of Cooperativa De Ahorro Y Credito Camuy. 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 Camuy's impact lies in providing essential financial services to the low-income sector of people in Puerto Rico. By offering loans, savings accounts, and other financial products, the credit union contributes to economic empowerment and stability within the community. Additionally, the social investment made by Cooperativa De Ahorro Y Credito Camuy further enhances its impact by supporting local initiatives and projects that benefit the community at large. Through its commitment to serving those in need and fostering financial inclusivity, Cooperativa De Ahorro Y Credito Camuy plays a crucial role in improving the lives of individuals and families in Puerto Rico.
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.
- Assets and Liabilities:
Organization Details
Founding Year
1954
Phone
(787) 898-4930
Principal Officer
Michele Franqui
NTEE Category
Code: W60 - Public benefit
If you are a representative of Cooperativa De Ahorro Y Credito Camuy 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.