Overview
What is Cooperativa De Ahorro Y Credito De Cabo Rojo?
Cooperativa De Ahorro Y Credito De Cabo Rojo is a nonprofit organization based in Cabo Rojo, Puerto Rico. The cooperative primarily focuses on receiving savings from its members in the form of shares and deposits. With a workforce of 85 employees, the organization has expanded its financial services, growing its loan portfolio by over $28 million in 2022. The cooperative continues to offer financing options to its members, ensuring they have access to essential financial resources.
Official website here: www.caborojocoop.com
Is Cooperativa De Ahorro Y Credito De Cabo Rojo legitimate?
Cooperativa De Ahorro Y Credito De Cabo Rojo is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cooperativa De Ahorro Y Credito De Cabo Rojo 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: $530,849
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,575,265
For more financial information, click here
Official website here: www.caborojocoop.com
What is the mission statement of Cooperativa De Ahorro Y Credito De Cabo Rojo?
Cooperativa De Ahorro Y Credito De Cabo Rojo is a non-profit organization dedicated mainly to receiving savings from its members in the form of shares and deposits. Its primary role is to offer financial services to its members and the community. In the year 2022, the loan portfolio of the credit union grew significantly by $28,777,889. This expansion reflects the organization's commitment to providing financing opportunities to its members who require financial assistance. As a non-profit, it continues to serve its community by managing and distributing its members' savings for their future financial needs.
Official website here: www.caborojocoop.com
Who is the CEO of Cooperativa De Ahorro Y Credito De Cabo Rojo?
Kerwin Morales is the Principal Officer of Cooperativa De Ahorro Y Credito De Cabo Rojo.
Official website here: www.caborojocoop.com
What is the revenue of Cooperativa De Ahorro Y Credito De Cabo Rojo?
Cooperativa De Ahorro Y Credito De Cabo Rojo's revenue in 2022 was $17,456,223.
Official website here: www.caborojocoop.com
Who are the executives of Cooperativa De Ahorro Y Credito De Cabo Rojo and what are their salaries?
The average compensation at Cooperativa De Ahorro Y Credito De Cabo Rojo during 2022 was $36,543. There are 85 employees and 7 volunteers at Cooperativa De Ahorro Y Credito De Cabo Rojo.
Here are 6 key members and their salaries:
- Kerwin Morales Rivera (Executive President)
- Jorge I Ferrer Lopez (Vp Of Finance)
- Mayra Figueroa Lopez (Software System Manager)
- Victor Mendez Zapata (Internal Auditor)
- Mariangely Cruz Aquino (Human Resources Director)
- Luisette Ayala Santana (Vp Of Credit)
Official website here: www.caborojocoop.com
Where can I find the form 990 for Cooperativa De Ahorro Y Credito De Cabo Rojo?
The Cooperativa De Ahorro Y Credito De Cabo Rojo’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.caborojocoop.com
Learn more at the official website: www.caborojocoop.com
Mission Statement of Cooperativa De Ahorro Y Credito De Cabo Rojo
Cooperativa De Ahorro Y Credito De Cabo Rojo, a non-profit organization, is primarily dedicated to collecting savings from its members in the form of shares and deposits. This institution serves its community by offering various financial services and providing loans to its members in need. In the year 2022, the loan portfolio of Cooperativa De Ahorro Y Credito De Cabo Rojo experienced significant growth, surpassing $28,777,889. The organization continues to expand its financial reach and support its members by offering them financing options.
At the heart of Cooperativa De Ahorro Y Credito De Cabo Rojo's mission lies the goal of fostering a community of savers. Members contribute their savings as shares and deposits to the credit union, which in turn enables the organization to offer loans and other financial services to those in need. By pooling together resources, Cooperativa De Ahorro Y Credito De Cabo Rojo creates opportunities for financial growth and stability within its membership.
Cooperativa De Ahorro Y Credito De Cabo Rojo is more than just a financial institution; it is a community that empowers its members to collectively save and access financial resources. Through its commitment to receiving savings from its members and providing loans, the organization fosters financial inclusion and stability, benefiting individuals and the community as a whole.
Impact
This information is meant to be a general summary of Cooperativa De Ahorro Y Credito De Cabo Rojo. 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 Cabo Rojo's impact lies in its continuous provision of financial services to its members and the broader community. In the year 2022, the credit union experienced significant growth, as evidenced by the increase of $28,777,889 in its loan portfolio. By offering various financing options, the credit union is actively supporting its members who require financial assistance. This demonstrates its commitment to improving the financial well-being of individuals and contributing to the economic development of Cabo Rojo and beyond.
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
1956
Phone
(787) 851-1337
Principal Officer
Kerwin Morales
Main Address
PO BOX 99, CABO ROJO, PR, 006230099
Website
www.caborojocoop.com
NTEE Category
Code: W61 - Public benefit
If you are a representative of Cooperativa De Ahorro Y Credito De Cabo Rojo 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.