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
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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,405,662
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,863,912
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 Chairman of Santa Cruz Community Credit Union. The CEO's salary of Santa Cruz Community Credit Union is $278,810 and their total compensation is $488,438.
Official website here: www.scccu.org
What is the revenue of Santa Cruz Community Credit Union?
Santa Cruz Community Credit Union's revenue in 2022 was $14,177,074.
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 2022 was $55,449. There are 77 employees and 10 volunteers at Santa Cruz Community Credit Union.
Here are 19 key members and their salaries (Santa Cruz Community Credit Union's CEO's salary is $278,810 and their total compensation is $488,438):
- Elizabeth Carr (Ceo)
- Annie Song Former (Former Cfo)
- Katie Fairbairn (Chief Experience Officer)
- Richard Cooper (Evp)
- Everado Munoz (Coo)
- Edward Cross Jr (Cio)
- Genaro De La Torre (Sr Credit Support Service)
- Jesus Berumen (Dir Of Consumer Real Estate)
- Paul Barenfus (Clo)
- Howard Sherer (Chairman) [Trustee/Director]
- Paulina Moreno (Board Secretary) [Trustee/Director]
- Phillip Lee (Board Treasurer) [Trustee/Director]
- Ami Ebright (Board Member) [Trustee/Director]
- Matt Farrell (Board Member) [Trustee/Director]
- Tammy Pelstring (Board Member) [Trustee/Director]
- Erendira Guerrero (Board Member) [Trustee/Director]
- Linda Brown (Supv Cmte Chair) [Trustee/Director]
- Ulf Christensson (Supv Cmte Member) [Trustee/Director]
- Suzanne Maclean (Supv Cmte Member) [Trustee/Director]
Official website here: www.scccu.org
Where can I find the form 990 for Santa Cruz Community Credit Union?
The Santa Cruz Community Credit Union’s most recent form 990 was submitted in 2022 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.
Impact
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.
Thursday, August 15, 2024
Santa Cruz Community Credit Union has a significant impact on its local communities by providing low-cost financial services and promoting economic equity. As a certified Community Development Financial Institution (CDFI) and a Low-Income Credit Union, it serves underserved populations and promotes economic justice. The credit union offers a range of services such as savings accounts, loans for consumer, real estate, and small business needs, ITIN lending, and second chance services. By embracing economic justice and providing financial access to all people, Santa Cruz Community Credit Union plays a vital role in improving the economic and social conditions of its members and the community as a whole.
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:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$8,068,965
FEE INCOME
Revenue
$2,010,623
OTHER OPERATING INCOME
Revenue
$195,110
Organization Details
Founding Year
1977
Phone
(831) 425-7708
Principal Officer
Elizabeth Carr
Main Address
324 FRONT STREET, SANTA CRUZ, CA, 95060
Website
www.scccu.org
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